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Articles Posted by John W

Brevity: Headers | « Text »
  • Stocks Are Trading Deep in the Red Amid Global Jitters

    04/17/2015 9:13:28 AM PDT · by John W · 11 replies
    the street.com ^ | April 17, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- U.S. stocks cratered on Friday, caught up in a global selloff triggered by changes in Chinese market regulation. A series of poor earnings from the likes of American Express and Advanced Micro Devices also hurt stocks and prompted worries over first-quarter performance for companies in the S&P 500. Wall Street grew nervous on reports Chinese regulators will crack down on over-the-counter margin trading and regulations that allow fund managers to lend shares for short-selling. Global markets sold off on the reports on the view tighter regulation would limit the recent influx of money into China's Shanghai...
  • Obama Says Partisanship Over Iran Nuclear Deal Has Gone Too Far

    04/11/2015 5:30:06 PM PDT · by John W · 64 replies
    nbcnews.com ^ | April 11, 2015 | NBC News
    President Barack Obama said Saturday that partisan wrangling over the emerging nuclear agreement with Iran and on other foreign policy matters has gone beyond the pale, singling out two senior Republican senators for particularly harsh criticism. "It needs to stop," he declared. Obama complained that Sen. John McCain of Arizona had suggested that Secretary of State John Kerry's explanations of the framework agreement with Iran were "somehow less trustworthy" than those of Iran's supreme leader. "That's an indication of the degree to which partisanship has crossed all boundaries," an exercised Obama said in a news conference at the end of...
  • Large Hadron Collider restarts after two-year rebuild

    04/05/2015 6:42:01 AM PDT · by John W · 10 replies
    BBC News ^ | April 5, 2015 | Jonathan Webb
    The Large Hadron Collider has restarted, with protons circling the machine's 27km tunnel for the first time since 2013. Particle beams have now travelled in both directions, inside parallel pipes, at a whisker below the speed of light. Actual collisions will not begin for at least another month, but they will take place with nearly double the energy the LHC reached during its first run. Scientists hope to glimpse a "new physics" beyond the Standard Model. Rolf Heuer, the director-general of Cern, which operates the LHC, told engineers and scientists at the lab: "Congratulations. Thank you very much everyone… now...
  • Arab leaders agree joint military force

    03/29/2015 6:57:27 AM PDT · by John W · 19 replies
    AFP via Yahoo News ^ | March 29, 2015 | Haitham El-Tabei
    Sharm el Sheikh (Egypt) (AFP) - Arab leaders have agreed to form a joint military force, Egyptian President Abdel Fattah al-Sisi announced Sunday at a summit dominated by a Saudi-led offensive on Shiite rebels in Yemen. Arab representatives would meet over the next month to study the creation of the force and present their findings to a defence ministers within four months, according to the resolution adopted by the leaders. "Assuming the great responsibility imposed by the great challenges facing our Arab nation and threatening its capabilities, the Arab leaders had decided to agree on the principle of a joint...
  • Fed rate hike may be warranted later this year: Yellen

    03/28/2015 6:12:02 AM PDT · by John W · 18 replies
    hirunews.lk ^ | March 28, 2015 | hirunews.lk
    An interest rate hike by the Federal Reserve may be warranted later this year, with a gradual path expected to follow, although a downturn in core inflation or wage growth could force it to hold off, the central bank's chief said yesterday. Fed Chair Janet Yellen said that after the first rate increase a further, gradual tightening in monetary policy will likely be warranted. She said, if incoming data fails to support the Fed's economic forecast, the path of policy will be adjusted.
  • Why the US Economy Has Not Recovered in 10 Charts

    03/25/2015 2:30:07 AM PDT · by John W · 23 replies
    schiffgold.com ^ | March 24, 2015 | Mike Finger
    Peter Schiff isn’t the only one warning that the economic data of the United States is much worse than the media portrays. Michael Snyder has shared 10 charts pulled straights from the Federal Reserve’s own records that show how things have gotten worse since last crisis, not better. Some of these are points Peter has raised time and again, such as the low labor force participation rate. You can see it has been ticking steadily lower since the turn of the millennium. However, Snyder goes on at length about a number of other important data points. Whether he is looking...
  • Kennedy: Jesse Jackson Jr. Leaving Prison for Halfway House

    03/24/2015 4:42:46 PM PDT · by John W · 8 replies
    AP via ABC News ^ | March 24, 2015 | Mchelle R. Smith
    Former U.S. Rep. Jesse Jackson Jr. will be released from a federal prison on Thursday and will serve out the remainder of his term in a Washington, D.C., halfway house, former U.S. Rep. Patrick Kennedy told The Associated Press after visiting Jackson. Kennedy said he spoke with Jackson at the minimum security federal prison camp in Montgomery, Alabama, where the son of the civil rights leader has been serving a 2 ½-year sentence after pleading guilty to illegally spending $750,000 in campaign funds on personal items. Jackson, an Illinois Democrat, began the sentence on Nov. 1, 2013. The U.S. Bureau...
  • Dow suffers biggest point drop in 5 months

    03/10/2015 2:12:31 PM PDT · by John W · 28 replies
    marketwatch.com ^ | March 10, 2015 | Anora Mahmudova
    NEW YORK (MarketWatch) — The Dow Jones Industrial Average suffered its worst one-day point drop in five months as investors began pricing in a rate hike by the Federal Reserve by the middle of the year, while other central banks are embarking on a quantitative easing path. ECB’s bond purchases sent European government bond yields sharply lower, while euro fell to multiyear lows against the dollar, wreaking havoc on foreign exchange and commodity markets. Tuesday’s free fall erased 2015 gains for the S&P 500 and Dow industrials, pushing the indexes slightly negative for the year. The surging dollar hammered commodities,...
  • Stocks Fall as Rate Hike Is Expected Sooner Rather Than Later

    03/06/2015 11:29:57 AM PST · by John W · 13 replies
    the street.com ^ | March 6, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Stocks fell on Friday as better-than-expected jobs figures increased the likelihood of a rate hike from the Federal Reserve in the near future, according to an economist. Crude oil prices were also pressuring markets even as the U.S. rig count declined for the 13th straight week. The number of jobs the U.S. economy added in February rose sharply to 295,000 jobs from a downwardly revised 239,000 in January, the Labor Department said Friday. Economists had expected an increase of 235,000. The unemployment rate in February ticked down to 5.5%, lower than a forecast 5.6%. "Continued healthy...
  • National Security Expert: U.S. Foreign Policy Leaders ‘Have Lost The Ability To Think

    02/22/2015 6:22:29 PM PST · by John W · 27 replies
    The Daily Caller ^ | February 22, 2015 | Ginni Thomas
    From his time briefing generals in the Pentagon, Stephen Coughlin — a leading expert on national security and author of the soon-to-be-published book, “Catastrophic Failure: Blindfolding America in the Face of Jihad” — has always feared for our nation’s safety and thinks it’s time for the government to stop lying. Coughlin is an attorney, decorated intelligence officer and expert on Islamic law and terrorism. He says the “entire world, friend and foe alike, understands, that starting with the Bush administration and accelerating in the Obama administration, that our foreign policy community is absolutely incoherent and completely vulnerable. These people have...
  • The Great SIM Heist;How Spies Stole the Keys to the Encryption Castle

    02/19/2015 11:56:15 AM PST · by John W · 3 replies
    firstlook.org ^ | February 19, 2015 | Jeremy Scahill and Josh Begley
    American and British spies hacked into the internal computer network of the largest manufacturer of SIM cards in the world, stealing encryption keys used to protect the privacy of cellphone communications across the globe, according to top-secret documents provided to The Intercept by National Security Agency whistleblower Edward Snowden. The hack was perpetrated by a joint unit consisting of operatives from the NSA and its British counterpart Government Communications Headquarters, or GCHQ. The breach, detailed in a secret 2010 GCHQ document, gave the surveillance agencies the potential to secretly monitor a large portion of the world’s cellular communications, including both...
  • Federal Reserve minutes indicate no rush to raise interest rates

    02/18/2015 11:26:15 AM PST · by John W · 8 replies
    cnbc.com ^ | February 18, 2015 | Jeff Cox
    Federal Reserve policymakers voted in unison last month not to raise interest rates, but the discussions leading to the vote show considerable levels of hand-wringing over the course ahead. January meeting minutes released Wednesday show a Fed Open Market Committee concerned over its credibility and the path it should take toward normalizing monetary policy. Issue by issue, "some," "a few" or a "couple" voiced concerns about when the central banks should begin raising rates and how it should do so. Ultimately, though, "many" won out in determining that the days of cheap money would continue. In fact, the minutes overall...
  • Under pressure from Congress, Secret Service deputy director resigns

    02/09/2015 5:23:32 PM PST · by John W · 6 replies
    Washington Post ^ | February 9, 2015 | Carol D. Leonnig
    The Secret Service said Monday that its second-ranking official was resigning his post, a departure under pressure of one of the last remaining senior managers who had presided over a string of embarrassing security lapses in recent years. The ouster of Deputy Director Alvin “A.T.” Smith, which followed pressure from lawmakers who have called for fresh leadership at the troubled agency, came three days before he was scheduled to testify before a House oversight committee. He was considered one of the few people with a deep understanding of the Secret Service’s highly specialized mission.
  • U.S. gains 257,000 jobs in January; unemployment 5.7%

    02/06/2015 5:42:28 AM PST · by John W · 38 replies
    marketwatch.com ^ | February 6, 2015 | Jeffry Bartash
    WASHINGTON (MarketWatch) - The U.S. added 257,000 jobs in January and hiring in the final two months of 2014 was even stronger than previously reported, reflecting by far the strongest pace of job creation since a recovery began more than five years ago. Economists polled by MarketWatch had expected a gain of 230,000 nonfarm jobs. The unemployment rate, meanwhile, edged up to 5.7% from 5.6% as more people entered the labor force in search of work, the Labor Department said Friday. In a good sign, average hourly wages jumped 0.5% in January to $24.75 after declining in December.
  • This is how Barack Obama wants to be the left’s Ronald Reagan

    02/06/2015 5:34:26 AM PST · by John W · 14 replies
    Yahoo News ^ | February 6, 2015 | Jon Ward
    The 30,000-foot view of the Obama years that he hopes is taking shape — despite the fact that the recovery has been sluggish, and despite criticism from the right that Obama’s policies have slowed it down — is that he came into office with the economy in a huge hole, and that while he was president, it came back to life. The debate will rage for decades over whether the recovery was because of or in spite of Obama’s policies. But it’s quite possible that many people won’t care about what the economists decide, and will look only at the...
  • Stocks Rally on Oil Rebound as Dow Turns Positive for 2015

    02/05/2015 2:18:31 PM PST · by John W · 2 replies
    thestreet.com ^ | February 5, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Another day, another wild move in commodity futures. Oil was the headliner on Thursday as a rebound in crude sparked a rally among equities. The Dow Jones Industrial Average gained 1.2%, erasing the year's losses while the S&P 500 and Nasdaq each added 1%. Last week's wild and volatile trading seemed a thing of the past as stocks climbed through the day without the swings that have characterized much of trading so far this year. The Volatility S&P 500, a gauge of market fear, lost 7.3% to 16.99. But today's relatively focused market doesn't preclude the...
  • Exclusive: Spending-why 'red' states shoulder the deepest cuts under Obama

    01/29/2015 5:24:29 AM PST · by John W · 17 replies
    Reuters ^ | January 28, 2015 | Andy Sullivan
    WASHINGTON, Jan 28 (Reuters) - As Washington has tightened its belt in recent years, the budget cuts have sliced most deeply in states where President Obama is unpopular, according to an analysis of federal spending by Reuters. Between the 2009 and 2013 fiscal years, funding for a wide swath of discretionary grant programs, from Head Start preschool education to anti drug initiatives, fell by an average of 40 percent in Republican-leaning states like Texas and Mississippi. By contrast, funding to Democratic-leaning states such as California and politically competitive swing states like Ohio dropped by 25 percent. Though Congress sets overall...
  • Stock Markets Spooked by Federal Reserve's Tight-Lipped Statement

    01/28/2015 2:30:16 PM PST · by John W · 12 replies
    thestreet.com ^ | January 28, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Stock markets didn't react well to a tight-lipped statement from the Federal Reserve that gave no clear signal as to when it would begin to hike interest rates. January's meeting announcement came with no accompanying press conference, leaving investors to comb the wording for clues as to when a rate hike could occur. "From the equity market perspective, this might be the least helpful the Fed has been," said Brean Capital's Peter Tchir. "They didn't even find a way to work 'considerable' language into this." The S&P 500 closed 1.2% lower, and the Nasdaq dropped 0.73%....
  • Orders for durable goods sink in December

    01/27/2015 6:38:01 AM PST · by John W · 10 replies
    marketwatch.com ^ | January 27, 2015 | Greg Robb
    WASHINGTON (MarketWatch) — Orders for durable goods declined sharply in December, raising questions about whether businesses are really ready to ramp up investment in 2015. Durable-goods orders sank 3.4% last month, the Commerce Department said Tuesday, while November’s reading was marked down to a 2.1% decline from a drop of 0.9%. Economists polled by MarketWatch had expected a 0.1% increase in orders, although expectations were all over the map. The weak December reading was the fourth decline in the past five months.
  • Savannah Guthrie Gets Pre-Super Bowl Obama Interview

    01/26/2015 2:15:45 PM PST · by John W · 13 replies
    tvnewser ^ | January 26, 2015 | Chris Ariens
    The last two times NBC aired the Super Bowl — 2009 and 2012 – Matt Lauer conducted what’s become the annual pre-Super Bowl interview with Pres. Obama. This year, his “Today” colleague Savannah Guthrie does the honors. The interview usually runs 10-12 minutes airing around 5:30pmET on Super Bowl Sunday.
  • NASCAR Fantasy League Sign Up Time Is Here

    01/22/2015 11:29:55 AM PST · by John W · 18 replies
    Yahoo | January 22, 2015 | John W
    Group ID# 2669 Group Name Free Republic Racing Group Password jimrob
  • E.C.B. Stimulus Calls for 60 Billion Euros in Monthly Bond-Buying

    01/22/2015 6:38:28 AM PST · by John W · 5 replies
    New York Times ^ | January 22, 2014 | David Jilly & Jack Ewing
    FRANKFURT — The European Central Bank said on Thursday that it would begin buying hundreds of billions of euros worth of government bonds in an ambitious — though some say belated — attempt to prevent the eurozone from becoming trapped in long-term economic stagnation. The bank’s president, Mario Draghi, said the central bank would begin buying bonds worth 60 billion euros, or about $69.7 billion, a month. That is more spending than the €50 billion a month that many analysts had been expecting. The long-awaited program, known as quantitative easing, comes after inflation in the 19 countries of the eurozone...
  • Some Republicans see areas of common ground in Obama's speech

    01/21/2015 4:22:51 AM PST · by John W · 28 replies
    Yahoo News ^ | January 21, 2015 | Meredith Shiner
    Rank-and-file congressional Republicans leaving the House chamber Tuesday night took a more measured tone in responding to President Barack Obama's State of the Union address, focusing on specific policy areas where they agreed with him, even as their leaders released boilerplate statements panning the speech.
  • Oil Sinks Stocks Again as Iraqi Output Hits Record High

    01/20/2015 9:45:57 AM PST · by John W · 13 replies
    thestreet.com ^ | January 20, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Another sharp fall in crude oil prices triggered a broad-based selloff in U.S. stocks on Tuesday, overshadowing earlier positive momentum from a four-day European rally. Crude reversed significant gains on Friday after Iraq reported record levels of oil output and the International Monetary Fund cut its two-year forecast for the global economy. West Texas Intermediate was down 3.8% to $46.83 a barrel by midday. Commodity futures lost Friday's temporary stability as Iraq's oil minister Adel Abdul Mahdi said the country was producing 4 million barrels of crude a day and plans to boost exports. Separately, Iran's...
  • N.S.A. Breached North Korean Networks Before Sony Attack, Officials Say

    01/19/2015 3:38:23 PM PST · by John W · 25 replies
    The New York Times ^ | January 19, 2015 | DAVID E. SANGER and MARTIN FACKLER
    WASHINGTON — The trail that led American officials to blame North Korea for the destructive cyberattack on Sony Pictures Entertainment in November winds back to 2010, when the National Security Agency scrambled to break into the computer systems of a country considered one of the most impenetrable targets on earth. Spurred by growing concern about North Korea’s maturing capabilities, the American spy agency drilled into the Chinese networks that connect North Korea to the outside world, picked through connections in Malaysia favored by North Korean hackers and penetrated directly into the North with the help of South Korea and other...
  • U.S. jobless claims rise to four-month high

    01/15/2015 6:59:08 AM PST · by John W · 14 replies
    Reuters via cnbc.com ^ | January 15, 2015 | Reuters
    The number of Americans filing new claims for unemployment benefits last week increased to the highest level since early September, but the underlying trend continued to point to a strengthening labor market. Initial claims for state unemployment benefits rose by 19,000 to a seasonally adjusted 316,000 for the week ended Jan. 10, the Labor Department said on Thursday. Economists polled by Reuters had forecast claims falling to 291,000 last week. The prior week's data was revised to show 3,000 more claims received than previously reported.
  • Stocks Post Deep Declines as Retail Sales Fall More Than Expected

    01/14/2015 6:53:58 AM PST · by John W · 20 replies
    thestreet.com ^ | January 14, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Stock markets opened deep in the red on Wednesday after retail sales in December dropped at a faster-than-expected pace. Headline retail sales dropped 0.9% last month, reflecting the steep decline in gas prices, but far deeper than expectations for a 0.1% drop. Core sales, excluding volatile items such as gas and automobiles, dropped 0.3%. Forecasts were for an increase of 0.5%. The weak consumer spending data upset markets after the World Bank singled the U.S. economy as one of the few chugging along and dragging global growth higher.
  • Dow’s triple-digit gains evaporate amid oil’s slide

    01/13/2015 12:18:16 PM PST · by John W · 21 replies
    marketwatch.com ^ | January 13, 2015 | Anora Mahmudova
    NEW YORK (MarketWatch) — The Dow Jones Industrial Average traded in a 400-point range, turning a 280-point gain into a 120-point loss at session lows, with losses registering across the board. Traders attributed the morning surge in stocks to mostly short-covering action, especially exchange traded funds, noting that volumes for individual stocks were light. As oil prices continued their slide, stocks came under selling pressure once more. February U.S. crude CLG5, -0.56% fell to about $45 a barrel, down 1.3% to a six-year low. The latest decline came after the United Arab Emirates oil minister, Suhail Mohamed Faraj al-Mazrouei, said...
  • U.S. stocks sell off; S&P 500 below 2,000

    01/06/2015 10:53:32 AM PST · by John W · 5 replies
    marketwatch.com ^ | January 6, 2015 | Carla Mozee
    NEW YORK (MarketWatch) — Selling pressure on Wall Street intensified on Tuesday, sending the S&P 500 below the 2,000 level, as slumping oil prices and weaker-than-expected economic reports sent investors running for cover. Tuesday’s selling action comes on the heels of a brutal sell-off on Monday, which saw the closely watched Dow Jones Industrial Average shed 331 points. Investors were scouring for safe industries such as utilities as well as U.S. Treasurys, pushing yields to the lowest levels since the Oct.15 mini-flash crash.
  • U.S. stocks threaten 200-point tumble amid euro, oil turmoil

    01/05/2015 7:26:06 AM PST · by John W · 19 replies
    marketwatch.com ^ | January 5, 2015 | Carla Mozee
    NEW YORK (MarketWatch) — The Dow plunged almost 200 points during early morning trading Monday as concerns about a surging dollar and crude oil — which was hitting five-year lows — weighed heavily on investor sentiment. A dearth of data early in the week, puts the spotlight on oil, which has fallen more than 3% Monday and the euro, as the shared European currency dropped to a nearly nine-year low against the dollar. The U.S. jobs report, due Friday, will be among the market’s key drivers this week as economic data will be scant.
  • Stuart Scott dies at age of 49

    01/04/2015 7:02:19 AM PST · by John W · 73 replies
    espn.com ^ | January 4, 2015 | Steve Wulf
    Stuart Scott, a longtime anchor at ESPN, died Sunday morning at the age of 49. Among the features of the new ESPN studio in Bristol is a wall of catchphrases made famous by on-air talent over the years. An amazing nine of them belong to one man -- from his signature "Boo-Yah!" to "As cool as the other side of the pillow" to "He must be the bus driver cuz he was takin' him to school."
  • Little Jimmy Dickens, Oldest Opry Member, Dies at 94

    01/02/2015 5:13:30 PM PST · by John W · 48 replies
    AP via ABC News ^ | January 2, 2015 | AP
    Little Jimmy Dickens, a diminutive singer-songwriter known for his sense of humor and as the oldest cast member of the Grand Ole Opry, has died. He was 94. Dickens died Friday at a Nashville-area hospital of cardiac arrest after suffering a stroke on Christmas Day, Opry spokeswoman Jessie Schmidt said. Dickens, who stood 4-foot-11, had performed on the Opry almost continuously since 1948. His last performance was Dec. 20 as part of his birthday celebration. He sang "Out Behind The Barn" and delivered his trademark comedy. He had turned 94 a day earlier. "The Grand Ole Opry did not have...
  • Stocks Turn Negative as U.S. Manufacturing Slides to Six-Month Low

    01/02/2015 7:58:31 AM PST · by John W · 16 replies
    thestreet.com ^ | January 2, 2015 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Stocks tumbled from session highs after the latest manufacturing data showed the sector at six-month lows. Benchmark indexes had jumped at the open on positive sentiment after the stock market's third yearly annual gain lingered in the first trading day of the year. Growth in the manufacturing sector slowed to 55.5 in December, down from 58.7 a month earlier, according to the Institute for Supply Management. Economists had expected a reading of 57.6. "Overall, however, the data continues to show that despite some deterioration in momentum heading into year-end, manufacturing sector growth is showing a solid...
  • For Obama, reunion with pals a link to simpler times

    12/30/2014 7:07:44 PM PST · by John W · 30 replies
    AP via Yahoo News ^ | December 30, 2014 | Josh Lederman
    HONOLULU (AP) — Since returning to his childhood home this month on vacation, President Barack Obama has spent a good part of most days cloistered with three people whose company puts him at ease. They're not his wife and daughters, who came with him, but a trio of pals whose friendship dates back to Obama's high school days in Hawaii. The three men — Mike Ramos, Bobby Titcomb and Greg Orme — are among the few people still in Obama's life who knew him long before he was famous. Although their paths have long since diverged, they've made it a...
  • Staples confirms data breach; up to 1.2M cards affected

    12/19/2014 1:56:37 PM PST · by John W · 32 replies
    cnbc.com ^ | December 19, 2014 | Evelyn Cheng
    CNBCStaples confirmed on Friday a data breach that may have affected more than 1 million cards. An in-house investigation detected malware at some point-of-sale systems at 115 locations, the company said in a press release. Staples has more than 1,400 U.S. retail stores. About 1.16 million cards may have been affected, the release said.
  • Stocks cheer Fed; Dow up 350 points as tech rallies

    12/18/2014 12:49:58 PM PST · by John W · 32 replies
    cnbc.com ^ | December 18, 2014 | Kate Gibson
    U.S. stocks surged on Thursday, extending Wall Street's best day of the year, after the Federal Reserve said it would be patient in increasing interest rates. "The reality is markets were hit with we're not sure what's happening and why, as oil has been acting as something akin to a global interest rate. The good news is the Fed is aware of what is going on, and they want to be friendly, so people are hopefully in better cheer," said Jack Caffrey, equity portfolio manager at J.P. Morgan.
  • Pakistan minister: 84 dead in Taliban attack

    12/16/2014 2:01:54 AM PST · by John W · 57 replies
    AP via Yahoo News ^ | December 16, 2014 | Riaz Khan
    PESHAWAR, Pakistan (AP) — A top Pakistani official says that 84 students have been killed in a Taliban attack on a military-run school in the northwestern city of Peshawar. Pervez Khattak, the chief minister of the province where the attack is underway, says that roughly the same number of students have been wounded. According to Khattak, the 84 killed in the Tuesday attack were all "children" but hospital officials earlier said at least one of the fatalities was a teacher and one security official were also among the dead. Khattak says the fighting is still unfolding at the school.
  • Stocks Tumble in Volatile Session as OPEC Triggers Fresh Oil Freefall

    12/15/2014 9:46:50 AM PST · by John W · 15 replies
    thestreet.com ^ | December 15, 2014 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- OPEC doubled-down on its commitment to current levels of oil production, triggering a fresh selloff in crude prices on Monday. The fall in commodities alongside nerves heading into the Federal Reserve meeting Tuesday pulled stocks lower to start the week. Crude oil prices were falling again after secretary general of OPEC, Abdallah Salem el-Badri, said the oil cartel had not set a fixed oil-price target. Separately, United Arab Emirates oil minister Suhail Al-Mazrouei said the group would stick to production levels even if oil falls to $40 a barrel.
  • Notre Dame women's basketball team wear "I Can't Breathe" shirts

    12/13/2014 12:31:18 PM PST · by John W · 90 replies
    wsbt.com ^ | December 13, 2014 | wsbt.com
    NOTRE DAME - After hundreds of protests broke out across the country over the case of Eric Garner, the Notre Dame women's basketball team joined in the effort. At Saturday's game against Michigan the team wore shirts that read "I Can't Breathe". The phrase comes from the last thing Garner said before he died. According to our partners at the South Bend Tribune: A Notre Dame spokesperson said the decision to wear the shirts was driven by the players, but that the coaches and administration supported the move.
  • US stocks slump to worst weekly loss in more than two years as oil rout continues

    12/12/2014 2:50:14 PM PST · by John W · 32 replies
    AP via TribTown.com ^ | December 12, 2014 | Steve Rothwell
    NEW YORK — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years. The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
  • Stocks Sink as No Bottom Is in Sight for Crude Oil Prices

    12/12/2014 6:57:04 AM PST · by John W · 30 replies
    thestreet.com ^ | December 12, 2014 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- Crude oil resumed its selloff on Friday, crushed by market fears that oversupply would further decimate the commodity's value in the face of tepid global demand. Stocks opened Friday in the red, signaling the fourth down day this week. The S&P 500 dropped 0.41%, the Dow Jones Industrial Average fell 0.38%, and the Nasdaq tumbled 0.9%.
  • Crude Oil Takes No Prisoners as Energy Selloff Tanks S&P 500

    12/10/2014 2:10:16 PM PST · by John W · 38 replies
    the street.com ^ | December 10, 2014 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- If investors had hoped stocks had absorbed most of the headwinds associated with lower oil prices, they were sorely disappointed on Wednesday as the commodity crash continued. Crude prices struggled to remain above $60 a barrel with West Texas Intermediate tanking 5.1% to $60.54 a barrel after OPEC warned that demand for oil in 2015 could slow to its lowest point in 12 years. Just as oil futures stabilized midmorning, the commodity sank to new lows after the EIA reported a large increase in oil imports contributed to oversupply in domestic crude oil inventories for the...
  • US stocks drop as global rout gains force

    12/09/2014 7:30:46 AM PST · by John W · 13 replies
    AFP via Yahoo News ^ | December 9, 2014 | AFP
    US stocks moved sharply lower Tuesday in early trade, following global equity markets downward after the Shanghai market plunged on tightened lending requirements.
  • Flights cancelled across Japanese...Mount Aso volcano erupts for the first time in 22 years

    11/28/2014 5:18:10 AM PST · by John W · 18 replies
    Mail Online ^ | November 28, 2014 | Sara Malm
    Dozens of flights have been cancelled across southern Japan after a volcano erupted for the first time in 22 years. Mount Aso, located about 625 miles southwest of Tokyo, on Kyushu island, has been blasting out chunks of magma since Friday morning, causing flight cancellations from Kumamoto, the nearest city, and prompting warnings to stay away from its crater. The volcano has been spewing out lava debris and smoke, shooting plumes of ash a kilometer (3,280 feet) into the sky, The Japan Meteorological Agency said.
  • An Unexpected Jump In New Jobless Claims

    11/26/2014 11:12:06 AM PST · by John W · 33 replies
    etfdailynews.com ^ | November 26, 2014 | Doug Short
    In the week ending November 22, the advance figure for seasonally adjusted initial claims was 313,000, an increase of 21,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 291,000 to 292,000. The 4-week moving average was 294,000, an increase of 6,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 287,500 to 287,750. There were no special factors impacting this week’s initial claims.
  • In Secret, Obama Extends U.S. Role in Afghan Combat

    11/21/2014 6:50:34 PM PST · by John W · 16 replies
    The New York Times ^ | November 21, 2014 | MARK MAZZETTI and ERIC SCHMITT
    WASHINGTON — President Obama signed a secret order in recent weeks authorizing a more expansive mission for the military in Afghanistan in 2015 than originally planned, a move that ensures American troops will have a direct role in fighting in the war-ravaged country for at least another year. Mr. Obama’s order allows American forces to carry out missions against the Taliban and other militant groups threatening American troops or the Afghan government, a broader mission than the president described to the public earlier this year, according to several administration, military and congressional officials with knowledge of the decision.
  • Fed worried about sub-2% inflation 'for quite some time,' minutes show

    11/19/2014 4:15:29 PM PST · by John W · 8 replies
    cnbc.com ^ | November 19, 2014 | Jeff Cox
    Federal Reserve officials are worried that inflation may stay low "for quite some time" despite the central bank's multi-trillion dollar efforts to jump start the economy, according to minutes from the October meeting released Wednesday. Open Market Committee members also discussed just how they should go about raising interest rates as monetary policy normalizes, and expressed some worry over market volatility during the process.
  • NFL suspends Vikings’ Adrian Peterson for at least remainder of season

    11/18/2014 6:20:00 AM PST · by John W · 34 replies
    Reuters via The Globe and Mail ^ | November 18, 2014 | Steve Ginsburg
    WASHINGTON — Minnesota Vikings’ running back Adrian Peterson has been suspended without pay for at least the remainder of 2014 season, the National Football League said on Tuesday. Peterson will not be considered for reinstatement before April 15, the league said in statement, for violating the NFL Personal Conduct Policy in an “incident of abusive discipline that he inflicted on his 4-year-old son.”
  • World economy warning light on red

    11/18/2014 4:09:53 AM PST · by John W · 10 replies
    Associated Press via Fort Wayne Journal Gazette ^ | November 18, 2014 | Danica Kirka
    LONDON – The global economy's problems seem to be multiplying. Hours after the leaders of the world's 20 most developed economies sought to boost confidence by promising to increase global output by $2 trillion over five years, Japan said it had fallen into recession. That leaves the country – the world's third-largest economy – on a long and growing list of troubled economies. China is slowing as well, and Europe can't seem to take off. Among major economies, only the United States and Britain are growing at decent rates, and how long that lasts depends on how much trouble their...
  • DEA stages surprise NFL inspections

    11/16/2014 3:16:59 PM PST · by John W · 43 replies
    espn.com ^ | November 16, 2014 | John Barr
    WASHINGTON -- In an unprecedented step, agents from the federal Drug Enforcement Administration conducted surprise inspections Sunday, targeting the medical and training staffs of visiting NFL teams, in an effort to determine whether they violated federal drug laws governing the handling and distribution of prescription painkillers, "Outside the Lines" has learned. A federal law enforcement official, with knowledge of the investigation, told "Outside the Lines" the inspections were motivated by allegations raised in a May 2014 federal lawsuit, filed on behalf of several prominent NFL players, who allege team physicians and trainers routinely gave them painkillers in an illegal manner...