Morsi says inflitrators r behind the violence
From the CFR:
Pres. Morsi in his TV address totally convinced that many protestors are “hired thugs” — yet to address substance of opposition complaints.
Curfew hits Cairo after military tanks quell anti-Morsi protests
Morsi says detainees “confessed” to being supplied by money and arms by unnamed outsiders”
For the first time in a very long time, average Egyptians feel empowered and able to influence the destiny of a country that they now own. To outsiders, this comes across as loud and messy. And it is. But it is also an indication of Egypt’s new checks and balances and, more broadly, its bumpy journey towards a vibrant democracy. Read more
Is It Time To Get Bearish?
A must-see report from a top technical trader
Now, I’m not in the ‘end of the world’ camp. Far from it. But my friend and excellent technician Richard Ross put out a note Friday that brought up some interesting points. (Click Charts to Embiggen)
Ross thinks that a Euro breakdown here could, “Generate the most powerful ‘Global Sell Signal’ of our generation” (speaking of scaring the hell out of [...]
So the state of the union from an outsiders point of view.
1. Looming war against Iran
2. Real US Debt 70 Trillion Dollars And Growing By 10 Million Dollars A Minute
3. Suffocating drought and record low water levels in the Mississippi river
4. Heat wave followed by heat wave.
5. Increased earthquake activity in California.
6. Potentially disastrous sinkhole in Louisiana
7. Increasing instability in the salt dome.
8. Poor leadership to possibly be replaced by eve worse leadership.
9. Major Banks preparing for collapse.
After years of denial that militancy posed a threat to Pakistan and blaming outsiders such as India, the US and Israel for backing terrorist groups in the country, Gen Ashfaq Parvez Kiyani has admitted that “the fight against extremism and terrorism is our own war and we are right in fighting it”. His positive words will now require more actions.
Russian, Western and Arab forces were piling up on Syrian borders Wednesday, July 25, bringing closer a war confrontation which could spur the Assad regime into making good on its threat to use chemical weapons against “external aggression.”
Based on this reading, Moscow added its voice Tuesday to that of US President Obama and warned Bashar Assad against using chemical weapons in view of “its commitments under the international convention it [...]
NEW YORK (CNNMoney) — Could more stimulus be on the way?
Federal Reserve Chairman Ben Bernanke certainly left the option on the table Wednesday, making perfectly clear that he stands ready to do more should the U.S. economy take a turn for the worse.
“In case things get worse, we are prepared to protect the U.S. economy and financial system,” Bernanke told reporters at a press conference.
It was a point he reiterated [...]
By Timothy M. PhelpsJune 20, 2012, 11:40 a.m.
WASHINGTON — Television cameras will surround the Supreme Court on Thursday morning, as they did Monday, anticipating something that may, again, not happen.
The momentous healthcare decision could be announced Thursday. Or not. All we really know is that it is extremely likely to be handed down by the following Thursday, June 28, when the court is expected to end its current term.
The court works [...]
Waziristan had assembled to talk about the US Predator drones that buzz around overhead, periodically delivering death by Hellfire missile. A jirga is the traditional forum for discussing and resolving disputes, part parliament, part court of law. The turbaned tribal elders were joined by their young sons on a rare foray out of their region to meet outsiders and discuss the killing. The isolation of the Waziris is almost [...]
Sick and tired of the United States looking like a “third world country” and outsiders coming here to “suck the blood out of this country,” quirky developer and TV personality Donald Trump is eyeing a new super PAC to help defeat President Obama.
Presumably, the super PAC would also act to help Mitt Romney, who Trump has endorsed. Money shouldn’t be an issue for the wealthy casino, golf course, resort and [...]
Five years after the Virginia Tech massacre that killed 32 and wounded 17 at, Michelle Obama visited the American university and told graduating students there not to let the 2007 incident define them.
She also paid tribute to her late father, who paid what he could towards her education so she could fulfill her dreams.
‘There will always be folks who judge you based on things that you say or do, folks [...]
Nowhere will this lack of global leadership allow for more near-term turmoil than in the Middle East. In recent years, for good and for ill, self-interested outsiders, mainly Americans and Europeans, have imposed a stable status quo across the Arab world. They have promoted and protected autocrats, but they have also helped maintain a sometimes tenuous balance of power.
Socialist champion Francois Hollande stamped his authority on the French presidential race on Sunday, winning the first round of polling and setting up a May 6 run-off with incumbent Nicolas Sarkozy.
Hollande won between 28 and 30% of the vote in the first round, to Sarkozy’s 24 to 27.5, according to estimates compiled from ballot samples by several polling agencies and obtained by AFP from multiple sources.
That made Sarkozy the only incumbent [...]
By Henry Blodget | Daily Ticke
Another PR disaster is unfolding for Goldman Sachs (GS), the Wall Street investment bank that has already borne the brunt of popular wrath in the aftermath of the financial crisis.
A senior executive at the firm, Greg Smith, quit today in spectacular fashion, announcing his resignation in a Scathing New York Times Editorial in which he accused the firm of gleefully “ripping off” its clients and succumbing to short-term greed.
Within today’s [...]
by Steve Kovach
ABC’s Nightline received an exclusive invite from Apple to check out Foxconn’s manufacturing facilities in Shenzhen and Chengdu, China, following the string of reports in the New York Times and on NPRabout the poor working conditions there.
The special airs tomorrow (Feb. 21) at 11:35 p.m. Eastern on ABC, but Nightline reporter Bill Weir has a lengthy written preview that you can check out now.
Weir was given what appears to be full access to Foxconn’s facilities in China, something [...]
Alternative currencies within the US…..
NEW YORK (CNNMoney) — It may seem like Monopoly money to outsiders, but a growing number of communities across the U.S. are using homegrown local currencies to stimulate their economies and protect themselves from the nation’s broader economic woes.
While there were only about 20 active community currencies in the United States in 2009, there has been a recent resurgence, with at least a dozen communities developing [...]
From the Economist about a year ago — now all too true.
As we watch the ongoing train wreck in the European Union, we can’t help wondering where it will all end up. I search in vain on the internet for a discussion about the logical conclusion to this catastrophe, but few venture to put forth a picture of what’s to come. Here is my best guess.
The fear of a Euro breakup has [...]
In the face of a full-on revolt from users and pressure from Congress, Drudge Report and other media outlets, General Motors’ OnStar service just announced it was reversing plans to keep tracking vehicles of its 6 million subscribers if they cancel the service. Now once it’s off, it’s off.
The changes unveiled two weeks ago would have kept a data connection with any OnStar-equipped GM vehicle [...]
The US is just one day away from defaulting on its debts, but yesterday President Obama and Congress made a deal. According to many it is has been embarrassing for the American people, but how does this rest of the world view the US? Will the US lose its reputation as a sound country? Pepe Escobar, correspondent at the Asia Times, gives us an outsiders point [...]
By Mark Hulbert, MarketWatch
CHAPEL HILL, N.C. (MarketWatch) — Bad news, stock-market bulls: Corporate insiders are selling their companies’ shares at an abnormally fast pace.
In fact, one measure of that selling activity shows insiders of NYSE- and AMEX-listed companies recently were selling at the fastest rate since data began being collected in the early 1970s, four decades ago.
On the theory that insiders know more about their [...]
George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.
Soros, who turns 81 next month, will hand back the money, less than $1 billion, by the end of the year, according to two people briefed on the matter. His [...]
DEAR BOSTON: Your personality test has been completed, and the results aren’t pretty.
Actually, they are downright embarrassing.
Two psychologists conducted a national survey, asking Americans questions designed to measure 24 “character strengths.’’ They grouped some of these strengths, like gratitude and valuing emotional connections, as “strengths of the heart’’ – a fancy way of saying kindness. And then, for each of the nation’s 50 largest cities, [...]
A couple of second-half goals gave the U.S. a 2-0 win over North Korea and a strong start to their Women’s World Cup run. The eighth-ranked North Koreans have the youngest team in the tournament with an average age of 20. Still, their discipline and skill gave the U.S. a lot of trouble in the first half before controversial starter Lauren Cheney justified her selection [...]
DOES China have enough people? The question might seem absurd. The country has long been famous both for having the world’s largest population and for having taken draconian measures to restrain its growth. Though many people, Chinese and outsiders alike, have looked aghast at the brutal and coercive excesses of the one-child policy, there has also often been a grudging acknowledgment that China needed to do something to keep its [...]
David Sokol, long considered by outsiders to be the most likely candidate to succeed Warren Buffett, resigned from Berkshire Hathaway Inc. after purchasing shares of a company he suggested Mr. Buffett buy.
Mr. Buffett, Berkshire’s chief executive and chairman, said in a statement Wednesday that Mr. Sokol had told him he owned shares in the chemical company, Lubrizol Corp., when they first discussed the deal in January. [...]
I remember a discussion in 2001 with some of my financial advisers who though the Euro would be as stable as the Deutsche Mark (DM). I said I do not believe it would be the case in the long run because the southern EU states have a long tradition of inflation-driven policies. The recent events have just proven those concerns. Besides, Germany (where I live) and other Central-European countries have [...]