From Zero Hedge:
Just six weeks after the U.S. Treasury decided enough was enough with this upstart non-fiat, non-controlled-by-TPTB currency (and applied money-laundering reglations), U.S. financial regulators are now looking for supervisory control over Bitcoin.
As the FT reports, CFTC’s Bart Chilton notes “it’s not monopoly money — real people have real risk in these instruments,” and that regulating the controversial cyber-currency “is sure something [CFTC] needs to explore.”
Chilton’s remit to regulate this [...]
Two people were killed and 20 others were injured in northwestern Syrian province of Idlib Tuesday after warplanes dropped bags containing “strange substances,” Al-Jazeera reported, saying the suspicious material was apparently chemical weapons.
Videos uploaded by the Qatari news network show casualties having difficulties breathing treated in makeshift hospitals. One video showed a healthcare professional drawing attention to the white foam coming out of an injured man’s mouth.
According to the report, [...]
Beware of the invasion!
Billions of cicadas are expected to swarm the East Coast from New England to North Carolina this spring after remaining underground since the 1990s.
The Brood II cicadas are expected to appear in large concentrations along the East Coast between mid-April and late May, a ritual nearly two decades in the making.
‘Brood II is a periodic cicada that hatches out every 17 years,’ Craig Gibbs, an entomologist at [...]
Stocks Slump Most In 6 Weeks; Bonds Best Close Of Year
Treasuries closed at their lowest yield of the year – around 1.81% - and the Dow ended down triple-digits as the S&P saw its biggest down day in six weeks. Volume was 25% above average. The rally’s leaders were smashed - Homebuilders suffered the most on the day – now down 4% post Cyprus (along with Materials) but it is Financials that have [...]
By Michael
What would you do if you logged in to your bank account someday and it showed that you had a zero balance and your bank had no record that you ever had any money in your account? What would you do if all of the money in your bank account suddenly disappeared in a single moment? If you had not kept any paper records, which most Americans do not, [...]
Moody’s strips U.K.’s coveted AAA rating
Moody’s announced on Friday night that it had cut the Government’s bond rating one notch from ‘Aaa’ – the highest possible level – to ‘Aa1’.
The move is a significant setback for Chancellor George Osborne, who has faced criticism that his strategy for dealing with UK’s huge debt burden is failing to deliver.
Moody’s pointed to “continuing weakness in the UK’s medium-term growth outlook, with a period [...]
President Barack Obama will accept unlimited corporate donations for his Inauguration in January, reversing his position from his first Inauguration, according to two sources close to the planning.
There are no legal limits for inauguration donations, but four years ago, the president capped all contributions at $50,000 and barred companies from kicking in any money. Obama had also banned corporate money from the 2012 Democratic National Convention.
But the sources say the [...]
A pipeline will be laid as soon as possible in the “water farm” project in southern Lincoln County.
Officials want to get the pipeline in operation by June 2013. They will meet Monday in McCook to consider an engineer for the project.
The project, which officially began just six weeks ago, will convert the largest crop farm in Nebraska to a farm from which only water will be harvested.
Conservation officials officially bought [...]
Greece’s unions are holding their third general strike in six weeks in the hope of persuading politicians not to back a major new austerity program that will commit the country to further hardship.
Flights will stop between 10:00 a.m. and 1:00 p.m. (0800-1100GMT) Tuesday, at the start of a 48-hour strike that will close schools, halt train and ferry services, and keep hospitals running on emergency staff only.
Two days of demonstrations [...]
CBS News, in an effort to assist President Obama’s re-election campaign, corruptly concealed information about two critical issues–namely, a terror attack and the president’s dishonesty about it. When the players in the Libya scandal face investigation, so, too, should CBS News and those in the mainstream media who have wantonly assisted the administration’s shameless lies.
http://www.breitbart.com/Big-Journalism/2012/11/05/Proof-Obama-Refused-to-Call-Benghazi-Terror-CBS-Covered-Up
“In an astonishing display of media malpractice, CBS News quietly released proof–two days before the election, [...]
October 15, 2012,
Bangkok, Thailand
[Editor's note: Today's letter is an excerpt from the edition of Sovereign Man: Confidential that will be published this afternoon.]
Let’s step away from the noise for a moment and look at the big picture. This isn’t about doom and gloom, or fear, but objective facts.
Undoubtedly, the Western hierarchy dominated by the United States is in a completely unsustainable situation. Across the West, national governments have obligations they [...]
Gel made by embedding neural stem cells in a mixture of blood clotting protein and growth chemicals
A stem cell gel developed by scientists can regenerate broken spinal cord nerves, research has shown.
The gel is applied to the site of an injury. In rats with completely severed spinal cords, it produced an ‘astonishing degree’ of nerve growth, U.S. scientists said.
Treated animals which were previously paralysed experienced ‘significant’ functional improvement and were [...]
While partying like its 1999 is still a way away, the NASDAQ has managed to get back to December 2000 levels as it has only dropped by more than 1% once in the last six weeks #yay Retirement-On!
and of course, we must thank AAPL:
Now over 20% weighted in the NASDAQ-100…
As AAPL is up…9571% since the $7.50 price when the NASDAQ last saw this index level…
Source: Zerohedge
Democratic Party officials say they will not release the names of donors to next month’s political convention before the event, despite an earlier pledge that they would regularly disclose the contributors.
In its marketing materials, the party promises that the “people’s convention,” set to begin Sept. 3 in Charlotte, will be the “most open and accessible ever.” But the names of donors, some of whom are giving up to $100,000, will [...]
by Michael
This week has provided two very clear examples of why it is so important to keep on prepping. In the United States, the historic drought ravaging the central part of the country is absolutely devastating our crops. According to the U.S. Department of Agriculture, drought is affecting nearly 90 percent of all corn crops in America at this point. This is pushing the price of corn to levels never seen before. [...]
Corn prices surged to a new record high Monday, as the worst drought in more than 50 years continues to plague more than half the country.
Almost 90% of the United States’ corn crops are in drought ravaged areas, according to the U.S. Department of Agriculture, and nearly 40% are situated in the hardest hit spots.
Corn prices have soared more than 50% during the past six weeks as the crops continue to [...]
Corn prices surged to a new record high Monday, as the worst drought in more than 50 years continues to plague more than half the country.
Almost 90% of the United States’ corn crops are in drought ravaged areas, according to the U.S. Department of Agriculture, and nearly 40% are situated in the hardest hit spots.
Corn prices have soared more than 50% during the past six weeks as the crops continue [...]
The iPhone and the iPad are arguably the two biggest technology products of the last decade – but for two years we have been offered merely revisions and tweaks to Apple’s range.
But this may all be about to change, with Apple expected to debut the brand new ‘iPhone 5′ (although it is expected to be called simply ‘iPhone’) and the much-rumoured iPad Mini in San Francisco in just six weeks’ [...]
Apple fans may only have to wait another six weeks to get a peek at the company’s next big products.
iMore has heard from its sources that Apple will announce the next iPhone and the new iPad Mini at an event on September 12.
We’re generally skeptical about such exact dates when it comes to Apple products, but iMore has a good track record when it comes to Apple rumors.
Earlier this year, iMore correctly reported that Apple would announce the [...]
From Bargaineering:
If you’re in the mood to jump through a few small hoops to get a $10 gift card from American Express, you’re in luck.
For July, American Express is running a promotion where you can get a $10 gift card from American Express when you get a new AMEX prepaid card and load it with $50.
The promotion is that simple – order an American Express prepaid card, load it with [...]
Back in early May we noted that the ‘strength’ of EURUSD (at the time around 1.30) implied an expectation of a $700bn Fed NEW QE is on its way very soon – in fact, as recent developments by the two central banks have demonstrated, it was the ECB that added assets (and liabilities) over the past two months, even as the Fed has shed some excess weight. In those following six weeks, [...]
The “Oracle of Omaha” Warren Buffett, the CEO and chairman of Berkshire Hathaway, was just on CNBC’s “Squawk Box” from Sun Valley, Idaho talking about the U.S. and global economy and the deficit.
During the interview, he said the U.S. economy is slowing down, but it’s not headed downward.
He also said that Europe is starting to slip “pretty fast.”
The famed 81-year-old investor was later joined on set by Alan Simpson and [...]
From Carpe Diem:
BRUSSELS — “For most Europeans, almost nothing is more prized than their four to six weeks of guaranteed annual vacation leave.
But it was not clear just how sacrosanct that time off was until Thursday, when Europe’s highest court ruled that workers who happened to get sick on vacation were legally entitled to take another [paid] vacation.
“The purpose of entitlement to paid annual leave is to…”
Read full article…
BRUSSELS — For most Europeans, almost nothing is more prized than their four to six weeks of guaranteed annual vacation leave. But it was not clear just how sacrosanct that time off was until Thursday, when Europe’s highest court ruled that workers who happened to get sick on vacation were legally entitled to take another vacation.
“The purpose of entitlement to paid annual leave is to enable the worker to rest [...]
She describes her books as ‘romantic fantasy’ stories, which offer women a ‘holiday from their husbands’.
And it seems millions are taking EL James at her word – with her explicit novel Fifty Shades of Grey now the fastest selling paperback since records began.
The novel, the first instalment of an X-rated trilogy, has beaten JK Rowling and Da Vinci Code author Dan Brown to the UK record.
Sensation: English mother-of-two Erika Mitchell, [...]
Sunday’s Greek election is a choice between staying in the euro and going back to the drachma, the leader of the centre-right New Democracy party has told a final campaign rally in Athens.
The general election, the second in six weeks, is seen as crucial to Greece’s future in the eurozone.
New Democracy broadly accepts the EU/IMF bailout of debt-laden Greece but wants changes to the terms.
Main opponents Syriza reject the [...]
WASHINGTON (AP) — More Americans sought unemployment aid last week, suggesting hiring remains sluggish.
The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000, an increase from an upwardly revised 380,000 the previous week.
The four-week average, a less volatile measure, rose for the third straight week to 382,000. That’s the highest in six weeks.
Weekly applications are a measure of the pace of layoffs. When [...]
Joan Rivers, who recently penned I Hate Everyone…Starting With Me, doesn’t generally veer into political territory, but made an exception in a CNN interview that aired Wednesday — affirming that she does, indeed, hate everyone. Asked about her thoughts about the two presidential candidates, Rivers expressed a cynical outlook, deeming both President Obama and Mitt Romney “idiots.”
Responding to a question about how she feels about the two, Rivers promptly replied, [...]
The United States said on Monday it was withdrawing its team of negotiators from Pakistan without securing a long-sought deal on supply routes for the war in Afghanistan, publicly exposing a diplomatic stalemate and deeply strained relations that appear at risk of deteriorating further.
Pakistan banned trucks from carrying supplies to the war effort in neighboring Afghanistan last year to protest a cross-border NATO air attack that killed 24 Pakistani soldiers, [...]
EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE – RTRS
IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING – EU SOURCES – RTRS
SUSPENSION OF SCHENGEN ALSO DISCUSSED
Major Italian Bank Freezes All Customer Accounts
On May 31st Bank Network Investments discretely posted an announcementon their website that they would be freezing all of their customers accounts for 1 month freeze on citing financial [...]
Sherrod Brown, a Democrat, represents Ohio in the U.S. Senate.
Two years ago — after the worst financial crisis in more than a half-century — one-third of the Senate proclaimed that “too big to fail” is simply too big.
A bipartisan group of 33 senators supported a proposal called the SAFE Banking Act, which I introduced with my former colleague, Ted Kaufman (D-Del.). This act would eliminate the taxpayer support enjoyed by the largest Wall Street banks [...]
Attorney: Accused killer’s online fund garnering around $1,000 a day – and even more since a judge ordered him back to jail
Fund now at around $193,000, with $20,000 spent on living and security
Ordered back to jail after withholding extent of fund from officials
Donations to the legal defense fund for George Zimmerman have soared since the accused killer has been ordered back behind bars, his lawyer has revealed.
The online defense fund [...]
Svetlana Guggenheim ‘told nurses that ocean expert husband David left her with fractured skull and other injuries’
Now Mrs Guggenheim claims she has no memory of the attack – during which nothing was stolen from her apartment – or days before
Mr Guggenheim returned from Philadelphia to Washington DC home a day after her daughter alerted him that no one was answering their phone
He found wife twitching and bloodied while lying on [...]
by Sam Ro
One of our favorite stock market sentiment indicators is the Citigroup Panic/Euphoria Model. Indeed, it’s the favored metric of Tobias Levkovich, Citi’s top U.S. equity strategist.
The model is a contrarian indicator, which means high levels of panic mean it’s time to buy.
In his latest Monday Morning Musings report, Levkovich notes “sentiment has shifted rapidly from complacency in March to panic in the latest readings on our unique Panic/Euphoria Model.” More from his note:
“Panic” [...]
by Tyler Durden
Three years ago, the government in all its glory and sound central-planning decided to provide a fully-FDIC-backed facility to allow banks to raise capital at ultra-cheap cost of funds in the middle of the crisis. The Term-Loan-Guarantee-Program (TLGP) has not been far from our thoughts but the next month or so is going to be increasingly anxiety-inducing for the banks that took advantage of that bailout. By the end of [...]
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