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A closely watched consumer confidence number that routinely moves markets upon release is accessed by an elite group of traders, for a fee, a full two seconds before its official release, according to a document obtained by CNBC. A contract signed by Thomson Reuters, the news agency and data provider, and the University of Michigan, which produces the widely cited economic statistic, stipulates that the data will be posted on the web [...] Scientists led by Prof David Ginsburg of the University of Michigan’s Howard Hughes Medical Institute inhibited the action of a gene responsible for transporting a protein that interferes with the ability of the liver to remove cholesterol from the blood in mice. Trapping the destructive protein where it couldn’t harm receptors responsible for removing cholesterol preserved the liver cells’ capacity to clear plasma cholesterol from the blood, but did not [...] Electrical current alters speed at which brain neurons fire, relieving pain
Scientists have managed to release the body’s most powerful painkillers by running an electrical current through the brain. The breakthrough has provided hope for sufferers of chronic migraine after it was found to reduce [...] The longer that overfed-mice stayed obese, the less likely correction of their diet and activity had long-term success in normalizing weight Joint research between the University of Michigan and the Argentina-based National Council of Science and Technology (CONICET) has shed light on one of the most frustrating mysteries of weight loss – why the weight inevitably comes back. A novel animal model showed that the longer mice remained overweight, the more “irreversible” [...] UPDATE: Slight miss. University of Michigan Consumer Confidence came in at 78.3, a good number, but still a slight miss from 79.0. ——
ORIGINAL POST: Last big datapoint of the day. University of Michigan Consumer Confidence is expected to come in at 79.0, down a tad from 79.2 a month ago. Read more: http://www.businessinsider.com/university-of-michigan-consumer-confidence-2012-9#ixzz27m1f8bgA From the University of Michigan we read that “paradox is a pointer telling you to look beyond it.” So why are markets rallying again today, when absolutely nothing has been solved in the Eurozone (EZ), and how long can the rally possibly last?
CNBC says “markets are rallying on a batch of upbeat economic reports and after ECB [European Central Bank] President Mario Draghi said the central bank agreed on a new bond-buying program.” Upbeat Data? US: Three times more citizens [...] (Reuters) – Michael Knight in the television series “Knight Rider” had one. Pixar made a movie about them. Now the U.S. government is testing a fleet of so-called “talking” cars that may help American drivers avoid crashes and traffic jams. Over the next year, U.S. officials and the University of Michigan will fit nearly 3,000 cars, trucks and buses with wireless devices that track other vehicles’ speed and location, alert drivers [...] University of Michigan Consumer Confidence came modestly higher than expected and limped higher off the lowest levels of the year. However, aside from this apparently positive event (accoding to some media pundits), there are two worrying things shifting rapidly. Consumer outlook for the economy (as opposed to current conditions) dropped to their lowest of the year with the largest 3-month drop in 11 months (so much for hope?); and inflation expectations soared [...] Morgan Stanley’s Hussein Allidina’s latest crude oil note revises 2012 gasoline demand up by 100k barrels per day to 8.68 million, although he sees many downside risks.
What struck us is a larger argument that overall gasoline demand peaked in 2007. The reason: teenagers. “A University of Michigan study shows that only 75% of 19 year-olds in 2010 held a drivers license, down from 87% in 1983. With fewer young adults driving, vehicles per capita will likely continue [...] by Comstock Partners We first noticed the first signs that the economy was beginning to soften about three months ago. Now the evidence of a slowdown has become so overwhelming that it is difficult to avoid the conclusion that we are headed for a recession. We cite the following as evidence.
Retail sales (both total and non-auto) have dropped for three consecutive months. This has happened only five times since 1967—-four times in [...] UPDATE: U.S. consumer confidence fell to its lowest level in more than six months, new data out of the University of Michigan shows. Click here for updates > The key consumer sentiment index fell 120 basis points to 72.0 in a preliminary July reading. Economists polled by Bloomberg had forecast an improvement to 73.5. Read more: http://www.businessinsider.com/university-michigan-july-consumer-confidence-2012-7#ixzz20VkWmHRh ANN ARBOR — Scientists have, for the first time, directly detected part of the invisible dark matter skeleton of the universe, where more than half of all matter is believed to reside. The discovery, led by a University of Michigan physics researcher, confirms a key prediction in the prevailing theory of how the universe’s current web-like structure evolved. The map of the known universe shows that most galaxies are organized into clusters, but some [...] U.S. consumer sentiment dropped to a six-month low in June as Americans’ view of the economy soured, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s final reading on the overall index on consumer sentiment fell to 73.2 in June from 79.3 in May. It was the lowest level since December and fell short of economists’ expectations for the index to hold at the same level as June’s preliminary reading [...] Billions of mysterious space particles pass through us every day Dark matter is a mysterious, unseen material thought to make up most of the matter in the universe – but it turns out we may run into it more than we thought. Particles of dark matter known as WIMPS – [...] Who’s to say rigged elections are always a bad thing? I for one am looking forward to electronic voting coming to state and national elections
http://www.pcworld.com/article/251187/hackers_elect_futuramas_bender… “Electronic voting has earned a pretty bad reputation for being insecure and completely unreliable. Well, get ready to add another entry to e-voting’s list of woes. Wolf Richter www.testosteronepit.com Consumer optimism has been rising from the horrid multi-year lows in August and has reached the highest levels since, well, May. It whipped hope into a froth. Rising confidence would pump up consumer spending, which would pump up everything else. But the inexplicable American consumer, the toughest creature out there that no one has been able to subdue yet, had other plans. The Thomson Reuters/University of Michigan consumer sentiment hit 74.0 [...] Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and [...] Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The new numbers follow years of stagnating wages for the middle class that have hurt millions of workers and [...] From Toni Pallotta Of Macro Story The US Economy Is Extremely Vulnerable To Recession in 2011 “Everything should be made as simple as possible…” – Albert Einstein You don’t need a degree in macro economics to understand an economy. Just because an economy is complex, the analysis need not be. I’ve been studying the change in GDP from Q4 2010 to Q1 2011 to get a sense of where [...] DETROIT (AP) – A federal appeals court has struck down Michigan’s ban on the consideration of race and gender when enrolling students at public colleges and universities. In a 2-1 decision Friday, the court said Michigan’s Proposal 2 is unconstitutional because it burdens minorities. It was approved by voters in 2006. The University of Michigan and other public schools have been forced to change admissions policies offering [...] WASHINGTON — A former senior C.I.A. official says that officials in the Bush White House sought damaging personal information on a prominent American critic of the Iraq war in order to discredit him. Glenn L. Carle, a former Central Intelligence Agency officer who was a top counterterrorism official during the administration of President George W. Bush, said the White House at least twice asked intelligence officials to [...] via Reuters: Consumer sentiment in March fell to its lowest level in more than a year as gasoline and food prices rose, a survey released on Friday showed. The index was slightly lower than March’s preliminary reading, while inflation expectations remained elevated. Even so, the latest consumer survey from Thomson Reuters and the University of Michigan said there was no decline in buying plans. “While the data clearly indicate that the rate of [...] by Jan Paul quote D.C. Internet Vote Scheme Hacker: ‘Within 36 Hours We Had Total Control of Server, Ability to Change Votes, Reveal Secret Ballots’ ….. * We collected crucial secret data stored on the server, including the database username and password as well as the public key used to encrypt the ballots. |
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