There is no better topic than gold to polarise an investment discussion. So the recent sharp drop in the metal’s price has pushed to fever pitch the debate between two camps with deeply held convictions: those who view gold as overvalued and lacking both income and capital appreciation attributes; and those who feel it is only a matter of time before others appreciate again gold’s unique role as an [...]
Recent events suggest that the 44th president may not be immune to the phenomenon that historians call the “second-term curse.”
Not four months after his ambitious inaugural address, President Obama finds himself struggling to move his legislative agenda through an unbudging Congress.
And over the past week, two flaring controversies — one over his administration’s handling of the killing of the U.S. ambassador and three other Americans in Libya, the other over Internal Revenue [...]
It’s an accepted truism that all beauty pageant contestants have a certain similar “look,” but one Japanese blog has touched off a firestorm of speculation that South Korea’s plastic surgery crazemay have taken that cliché too far.
It’s an established fact that South Korea has one of, if not the highest rate of plastic surgery per capita in the entire world, and a Japanese blog covering South Korean topicrecently wondered out loud if the phenomenon [...]
A proposed ban of pesticides called neonicotinoids is gathering scientific support as some experts are calling for more field studies. The goal is to reverse massive honeybee hive die-offs, which also afflict U.S. farming
Across the globe, hives of honeybees are dying off in a phenomenon known as colony collapse disorder. Among the proposed culprits are pesticides called neonicotinoids, which are supposed to be less harmful to beneficial insects and mammals [...]
MIAMI (CBSMiami) – The deadly attacks in Boston Monday left a city and a nation searching for answers. But it has also drawn attention to an odd historical phenomenon that happens around this time of April.
April 15 will be forever linked with the horrific bombings in Boston during the Boston Marathon. At least three people were killed and another 144 were injured during the bombings. April 16, 2007 was the date [...]
by FS Staff, Financial Sense:
Grant Williams, author of the widely read newsletter Things That Make You Go Hmmm, discusses with Financial Sense Newshour the next logical step in the ongoing currency wars, the difficulties facing Japan with import prices, and, lastly, a few thoughts on gold repatriation by central banks. Here, we present a partial transcript of the interview.
The Bank Credit Analyst just reported that the Bank of Japan will expand its balance sheet by 40% [...]
by John Aziz, Azizonomics:
It is true that the equation I am referring to — MV=PQ, where M is the money supply, V is velocity, P is the price level and Q is output — is not exactly Friedman’s equation. It was initially theorised by John Stuart Mill, and formulated algebraically by Irving Fisher, but adopted by Friedman and his monetarist followers to the extent that Milton Friedman had it as his [...]
by Honor Mahony, EUObserver:
Beppe Grillo’s extraordinary success in the recent Italian elections tapped into anti-establishment feeling that is ripe for the plucking in other member states too, say analysts.
Grillo’s 5-Star Movement, established by blog in autumn 2009, scooped 26 percent of the vote during last week’s elections, effectively putting him in kingmaker position as government negotiations begin.
It was a stunning political debut. And represented an earthquake for Italian politics, marred by [...]
Police are still investigating what caused a 100-foot-wide sinkhole in Florida that killed a man when the ground disappeared beneath his house.
The fear of looming danger is real and present all over the globe, and pictures of the terrifying holes that appear seemingly unannounced and leave a trail of bodies and damage in their wake.
Officially sink holes are caused by the dissolution of soluble bedrock and the frequency and likelihood [...]
Confirmed by AP: AP, 10:58a ET: Cuba reports powerful meteorite explosion [...] Cuban official media say the island apparently experienced a phenomenon similar to the meteorite that detonated over Russia this week. A video posted on news website CubaSi reports that residents of the city of Rodas witnessed a bright light in the sky and a loud explosion that shook windows and walls. [...]
HAVANA (AP) — Cuba apparently experienced a phenomenon similar to but smaller than [...]
Venezuelans have just been experimenting one of the risks associated with paper money.
Actually, they just lost 46% of their purchasing power in a single day, following the Venezuelan government’s decision to devaluate the bolivar by 46%, from 4,30 to 6,30 bolivars (to the dollar).
The currency war to the bottom is raging on the international scene but, contrary to other countries (Europe, USA, Japan) using obscure language, like ‘quantitative easing’ and [...]
Yesterday at Bloomberg we got the chance to meet David Woo, BofA/ML’s brilliant strategist for Global FX and rates.
The focus of our segment was on the Japanese yen, but off camera Woo had some interesting thoughts on the US economic situation, and why we’re about to approach what he calls a ‘moment of truth.’
He noted to us that there’s been a growing divergence between the S&P 500 and consumer sentiment, and that it [...]
A newly released photograph taken from the International Space Station shows the rarely seen phenomenon of internal waves – colossal movements of water spanning kilometers that ripple under the surface of the Earth’s oceans.
Observed above the Caribbean island of Trinidad in January, internal waves are seldom encountered and hardly ever photographed, but have been known to affect submariners and oil rig workers with their enormous power.
The appearance of the waves [...]
When people compete for grants, subsidies, and other government handouts, economists see a phenomenon called rent seeking. The “rent” is the money being offered. When government gives money away, the people who compete for it incur costs—sometimes more money will be spent in total trying to compete for a grant than the amount of money being given away. These costs are rarely considered in policymaking, but perhaps they should be. [...]
An unusual event playing out high in the atmosphere above the Arctic Circle is setting the stage for what could be weeks upon weeks of frigid cold across wide swaths of the U.S., having already helped to bring cold and snowy weather to parts of Europe.
This phenomenon, known as a “sudden stratospheric warming event,” started on Jan. 6, but is something that is just beginning to have an effect on [...]
As the redesign of Europe churns along in 2013, some still fear that one or more eurozone states will take its leave. Others warn that individual European states will soon crack from within, as less familiar flags appear in places such as Catalonia, Scotland and Flanders. There are separatist pressures building within Spain and the UK, and Belgium’s unity remains fragile as well. But, at least for 2013, there [...]
What would you do if all the lights went out and they never came back on? That is a question that the new NBC series “Revolution” asks, but most people have no idea that a similar thing could happen in real life at any moment. A single gigantic electromagnetic pulse over the central United States could potentially fry most of the electronics from coast to coast if it was powerful [...]
As 2012 draws to a close, i’’s hard not to be reminded that 2013 will begin with Ron Paul retired from Congress. For all those years he was a fearless truth-teller, who exposed and denounced the horrors, domestic or foreign, of the regime. His farewell address – something practically unheard of for a congressman in the first place – will continue to be read years from now, as future [...]
Lanterns, tents, ammo cans and wool blankets are just some of the items in high demand. But topping that list are MREs, Meals Ready to Eat. Some customers have even purchased them by the pallet. “The military meal always is an easy way for people to eat and they’re self heating so they don’t require any outside heat source,” Schmidt said.
Apocalypse now, a blessing for shoppers
UO folklorist Daniel Wojcik studies [...]
In 1852 the visionary’s steam-powered airship made its first voyage, flying 16 miles from Paris to Trappes
Just 26 years later, Giffard was making the dream of flight a reality for everyday people in this flying balloon
In 1852 he made history with his pioneering flight in a steam powered airship.
By the time these photographs were taken in 1878, visionary inventor Henri Giffard was making the impossible possible for everyday men and women [...]
A UFO spotter made the film from a hilltop in Denver, Colorado
He said the phenomenon happened twice a week between noon and 1pm
Fox-affiliated TV station KDVR sent their own cameraman to disprove it
But he returned with footage that appeared exactly the same
Even an aviation expert says he cannot identify the sightings
North American Aerospace Defense Command, who has base in the area denies knowledge
When a UFO spotter sent a local news [...]
After driving around my neighborhood on Long Island yesterday to survey the damage done by Hurricane Sandy, I’m changing my forecast. I think we will be without electricity for much longer than a week. Power lines are down everywhere. Many are supporting broken trees that are dangling dangerously over the roads. The repair crews can’t even begin to do their jobs until all the tree debris is removed. I was [...]
The EU is to spend €700 million to build the world’s most powerful lasers, in Romania, the Czech Republic and Hungary. The technology may be used to destroy nuclear waste and provide new cancer treatments.
The lasers are ten times more powerful than any yet built, and will be strong enough to create subatomic particles in a vacuum, similar to the conditions that may have followed the start of the universe.
From The Mercenary Trader:
A few years back, top value investor Seth Klarman called this a “Twinkie” market – an unnatural concoction stuffed with artificial ingredients.
The twinkie manufacturers, of course, are the world’s central banks. Whenever things have looked terrible, the CBs stepped in with stimulus and jawboning. (Hence the ‘artificial ingredients.’)
The routine intervention of the Central Banks, plus the Greenspan Put transitioning to the Bernanke Put, have further led to [...]
It has been widely reported that studies have confirmed a 62 year Indian man while being observed in a hospital 24 hours a day for 120 days maintained a normal level of activity by only consuming Water and Gazing at the Sun!
Doctors from his native India as well as Scientists from Penn State and Thomas Jeferson University in the USA have independently verified this phenomenon and named it the (HRM) [...]
From Charles Hugh Smith:
Inflation is generally viewed as a monetary phenomenon (print money excessively and you get inflation), but let’s use a very simple definition: any loss of purchasing power.
If your income buys fewer goods and services, for whatever mix of reasons (geopolitical, weather, monetary, fiscal, etc.), that’s inflation “on the ground.”
Consider this breakdown of the components that together make up the standard measure of inflation, the Consumer Price Index [...]
The problem with rivers around the world continues. A while back the Yangtze River in China turned red, and now there are reports of a river in Russia that has suddenly started to boil.
No one knew what caused the phenomenon, but the fact is that the river ecosystem was severely affected, causing the death of thousands of fish lying on the banks.
“The water is really hot. The shore of the [...]
In a bid to boost their wages, New York food servers are now suggesting diners leave tips of up to 30per cent.
With many U.S. restaurants permitted to pay staff as little as $2.15 per hour, workers often rely on service charges to supplement their income.
But following an increase to 20per cent over recent years, the average tip rate is set to rise again.
Food for though: In a bid to boost [...]
story is real
here is the link and pic: http://en.rocketnews24.com/2012/09/11/thousands-of-crocodiles-emerge-from-water-in-china-sign-of-imminent-earthquake/
Thousands of crocodiles emerged from water at an ecological park in Nanjing, China, on September 8.
Chinese netizens were quick to believe the strange behavior is a sign of an impending earthquake, but local seismology experts assure the public that there is no possibility of an earthquake in the near future.
According to a park official, currently 5000 artificially bred crocodiles are kept at the [...]
Leading economist Julie Nelson says theory reinforces gender stereotypes
Phenomenon still ’a far cry from being scientifically demonstrated’
A leading economist has thrown the popular ‘Lipstick Effect’ theory into doubt, suggesting that the research behind it is based on ‘over-generalised gender stereotypes’.
The well-known phenomenon suggests that women buy less-expensive luxury goods, such as cosmetics, in tough economic times in a bid to increase their attractiveness to mates.
But now Julie Nelson, from the University of Massachusetts, Boston, has stated [...]