From Zero Hedge:
… While the now virtually daily missives from Fed mouthpiece Jon Hilsenrath are there to force markets ever higher each day, with promises that Bernanke will not sit idly by if the S&P were to ever close red (the S&P being at multi-year highs notwithstanding), and that the Fed has lots of additional capacity for more QE, Bloomberg actually has the temerity to ask:
Why do we need any [...]
President Obama’s ambassadorial nominee to Iraq appears to have conducted a lascivious extramarital affair with a Wall Street Journal reporter while the duo were stationed in Iraq according to a collection of often-explicit emails posted on the website Cryptome earlier this week. The emails raise questions about whether the administration official traded access to sensitive information for sexual favors and his fitness for the ambassadorship.
The 2008 emails between Wall Street Journal reporter Gina Chon and former [...]
Michelle Espinoza thought a single photo was going to ruin her business. It was an image of one of the pearl cuff bracelets she designs that showed up on Pinterest, a site where users create virtual bulletin boards, grouping images in categories—whether it be chocolate desserts or bohemian jewelry. For 10 days in April, anybody who clicked on the photo ended up watching pornography or unwittingly downloading a virus. [...]
Every night before he goes to sleep, the president of the United States reads 10 letters from the pile of 20,000 sent to him by Americans every day. Sometimes, he writes back. He’s even, on occasion, included a check. “It’s not something I should advertise, but it has happened,” President Barack Obama told reporter Eli Saslow, author of the new book, “Ten Letters: The Stories Americans Tell Their President.” Saslow [...]
It’s another day, which means the probability of a Mohamed El-Erian op-ed is 99%. However, while in the past we may have ridiculed these now almost daily missives which lead many an LP to wonder just which media double of the real El-Erian is managing Pimco’s $1.4 trillion in AUM, this one is actually worth reading as it ties in the recent developments out [...]