Deflation Concerns Spring Up as Economy Drifts
Wall Street traders are fretting about falling prices more than inflation because a raft of financial reports show the economy is starting to weaken, according to USA Today.
The newspaper predicted the Federal Reserve may have to shift gears to focus on preventing a bout of deflation from taking hold.
“Worst case scenario: a deflationary spiral like the one during the Great Depression, which
triggered individual and [...]
Gadget believed to have a 7.85inch screen – compared to the 9.7in on the most up-to-date version of the full-size iPad
Controversial new ‘lightning’ connector also expected to be used
Estimates claim Apple has ordered 10 million iPad minis from suppliers
iPad Mini, Microsoft Surface and Kindle Fire all set to go on sale this month
At 6pm tomorrow evening, Apple boss Tim Cook is set to take to the stage in a San [...]
“We are in the game of using covert means against the Iranians”
Paul Joseph Watson
September 26, 2012
A member of the influential pro-Israel Washington Institute for Near East Policy (WINEP) think tank has brazenly suggested that the United States should launch a false flag provocation in order to start a war with Iran.
Speaking at a Washington Institute for Near East Policy policy forum luncheon on “How to Build US-Israeli Coordination on [...]
(Reuters) – China’s economy faces big headwinds though cooling inflation is giving the government more leeway to maneuver monetary policy, Premier Wen Jiabao was quoted by state media as saying on Wednesday.
Wen’s comments followed a raft of data last week that suggested China’s economy has not stabilized despite two interest rate cuts this year, as export growth, factory output and retail sales further weakened in July.
A vast “raft” of volcanic rocks covering 10,000 sq miles (26,000 sq km) of ocean has been spotted by a New Zealand military aircraft.
A naval ship was forced to change course in order to avoid the cluster of buoyant rocks, located 1,000 miles off the New Zealand coast.
The unusual phenomenon was probably the result of pumice being released from an underwater volcano, experts said.
One navy officer described it as [...]
A navy ship heading to the Kermadec Islands has sailed into a huge 25,000 square kilometre area of pumice pieces north of Auckland.
It is believed to be from New Zealand’s third erupting volcano – the undersea mount Monowai. In the past week both Mt Tongariro and White Island have erupted.
The navy said the raft – 463 kilometres by 55 kilometres – was spotted by an RNZAF Orion returning on patrol [...]
The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.
The comments by IMF Managing Director Christine Lagarde came after the European Central Bank, the Bank of England and China’s central bank all eased monetary policy in a sign of the growing alarm over the [...]
The storm clouds hanging over the global economy darkened yesterday as a raft of data showed output slowing around the world.
Bleak news from the United States and China added to the gloom in Britain and the eurozone as confidence drained away.
‘The world economy is in the intensive care unit now,’ said Chilean finance minister Felipe Larrain in a sign that the pain is being felt around the globe.
Bleak news: Dark [...]
(CNN) – China’s Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world’s largest cinema chain, according to a new release on the deal.
The move is the latest in a raft of deals between U.S. entertainment companies and Chinese firms, linking the world’s largest theater market with the world’s fastest growing.
“This acquisition will help make Wanda a truly global [...]
Egyptian husbands will soon be legally allowed to have sex with their dead wives – for up to six hours after their death.
The controversial new law is part of a raft of measures being introduced by the Islamist-dominated parliament.
It will also see the minimum age of marriage lowered to 14 and the ridding of women’s rights of getting education and employment.
Controversial: The ‘farewell intercourse’ law is part of a raft of [...]
‘Green’ policy burdens will cost families £267 a year extra by 2030
World temperatures have remained almost stagnant in the last two decades, new figures have revealed.
Temperatures across the globe rose by around a third of a degree last year from the average of 14 degrees Celsius recorded between 1961 and 1990.
In some years, temperatures rose by just 0.29 degrees C while in others they rose by .53 degrees.
Global warming: A [...]
…The mayors want a raft of changes. They want to replace the uniform pay scale with merit pay. They seek to expand public charter schools, which are largely non-union. Some want to lengthen school days, requiring teachers to work more hours.
And nearly all of these mayors have set their sights on the one workplace protection that teachers have held central for more than 100 years: tenure.
The unions say many of [...]
Ever since the European Central Bank began flooding the markets with cheap money, European banks have rediscovered their taste for sovereign bonds. But the crisis is far from over, as Standard and Poor’s recent raft of downgrades showed. Some bankers are saying it’s just a matter of time before yields on peripheral bonds shoot up again. By SPIEGEL Staff
During his first press conference of the year, European Central Bank (ECB) President [...]
By GLENN THRUSH | Politico
12/22/11 12:26 PM EST
Hillary Clinton’s people — current and former — are mystified, suspicious and bit peeved with the recent raft of mysterious “Draft Hillary” robocalls and emails and a mangy www.runhillary2012.net web site – which looks like it was produced in the Hindu Kush.
The current theory, according to posts on a listserv frequented by former Clinton 2008 staffers and senate staff forwarded to POLITICO, is that it’s a GOP plot.
The presumed [...]
December 14, 2011
Over the past few weeks Iran, already beleaguered by a raft of existing U.N. and national sanctions, has seen the U.S. and the European Community adding further economic punishments.
Last week the U.S. Senate on a 100-0 vote passed legislation to penalize foreign banks that do business with Iran’s central bank, while this week the U.S. House of Representatives will vote on legislation to punish nations and companies [...]
From The Big Picture:
Those of you who believe that markets provide more insights than economists, strategists, and pundits – and there is lots of just cause for holding those views – may want to take a closer look at what is coming out of copper market.
For the most part, it is negative economic expectations:
“Despite a raft of good news – rising employment in the U.S., stronger growth in the euro zone, [...]
The Low Pay Commission is examining the link between the minimum wage rate and youth unemployment Photo: PA
Firms may be reluctant to create jobs by recruiting inexperienced staff because they are put off by the increased wage bill, the Low Pay Commission has suggested.
The Commission’s intervention comes amid calls from businesses for minsters to freeze or even cut the rate to enable [...]
This summer, Goldman [GS 99.14 3.96 (+4.16%) ] said that it would wring out $1.2 billion in costs from its operations by mid-2012 and cut roughly 1,000 jobs, about 3 percent of its work force. But as the market turmoil has weighed on trading and other businesses in recent weeks, senior executives have been debating even deeper reductions, according to people briefed [...]
There are some 1.4m agency workers in the UK, including waitresses, administrative staff and construction workers.
The study sends a fresh warning to David Cameron that the European Agency Workers Directive is likely to cost hundreds of thousands of British jobs unless the Government moves to water down parts of the law.
Industry bodies including the CBI have already warned the new rules, which [...]
Daniel Rosenbaum for The New York Times
“Traditionally, a bank would tell the Department of Justice when an employee engaged in crimes, but what do you do when the bank itself is run by a criminal enterprise?” said Solomon L. Wisenberg, former chief of a Justice Department financial institutions fraud unit.
As the financial storm brewed in the summer of 2008 and institutions feared for their survival, [...]
IN 1783 Noah Webster, a schoolteacher, published the first edition of his American spelling book. It would become a standard text in classrooms around the country, selling 60m copies over the course of the next century. Webster’s view was that the new country deserved its own approach to English, more accessible than the version it had inherited. For Webster and his followers, literacy was a [...]
The Washington Post reports that “at least one person was handcuffed after a group of about 400 protestors marched up Chase’s property and placed a sign on a raft floating in a pond in the bank’s premises. The sign read: “Foreclosed: Chase sinks our economy. Annual shareholder meetings of large banks routinely draw protesters. However, security this year has been especially tight after [...]
Republican Orrin Hatch called Thursday’s hearing a dog and pony show, a point he drove home with a visual aid.
NEW YORK (CNNMoney) – Dragged before Congress as gas prices explode at the pump, oil executives mounted a vigorous defense of their business practices on Thursday — pushing back against plans to eliminate tax breaks for the “big five” oil and gas companies.
All five executives acknowledged rising prices at the pump, [...]
The international community has hit Muammer Gaddafi with a raft of sanctions and asset freezes aimed at cutting off his funding. But the embattled Libyan leader is sitting on a pot of gold.
The Libyan central bank – which is under Colonel Gaddafi’s control – holds 143.8 tonnes of gold, according to the latest data from the International Monetary Fund, although some suspect the true [...]
The European Union locked all accounts in its carbon market Wednesday, after a security breach, seeking to protect the battered reputation of the EU’s main weapon against climate change.
The United States, Japan and Australia have all delayed implementing similar cap and trade schemes, and the latest glitch to the EU scheme could detract further from carbon trading as a global policy.
The trading scheme [...]