Keyword: default

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  • Chevy Volt among Worst Product Flops of 2011

    01/08/2012 1:54:41 PM PST · by John Semmens · 30 replies
    Semi-News/Semi-Satire ^ | 7 Jan 2012 | John Semmens
    Pitched to the American voter as the vanguard of a “greener” future, the heavily subsidized Chevy Volt was dubbed one of the worst product flops of 2011 by Yahoo Finance’s 24/7 Wall Street site. The low sales volume—-an estimated 8,000 vehicles for 2011 (all of which are currently under recall notices to correct defects)–-has made the effective unit cost for each car amount to around $250,000. Representative Hansen Clarke (D-Mich) insists that “despite the reluctance of the American driver to buy these cars we must not falter in our efforts to make them understand the necessity for government’s role in...
  • Wind farms blasted - Greenpeace co-founder

    01/07/2012 10:41:10 AM PST · by Dartman · 33 replies
    Chatham Daily News ^ | Jan 4 2012 | Bob Boughner
    This will drive the Enviro-weenies nuts! http://www.chathamdailynews.ca/ArticleDisplay.aspx?e=3425246
  • Another Oministration Sellout of American Technology and Ingenuity to China

    01/05/2012 4:06:34 PM PST · by Nachum · 8 replies
    Atlas Shrugs ^ | 1/5/12 | Pamela Geller
    China REQUIRES all foreign investors to give up their technology to them for the "right" to build goods there. Obama-seized GM can deny it till the cows come home, but it's still a lie. Dismantling America, chunk by chunk, piece by piece. Anybody see the tyrant-in-chief's body language, facial expressions and hand gestures, not to mention his words, at his Ohio press conference today? He simply can't hide his hatred for America. The Post-American Presidency: The Obama Administration's War on America -- read it. GM deal moves electric car development to China -- a 'shakedown'? USA Today (hat tip Van)...
  • Rogue Obama Plans to Forgive Mortgages and We Can't Say the Country is Screwed?

    01/05/2012 11:58:11 AM PST · by Kaslin · 41 replies
    Rush Limbaugh.com ^ | January 5, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Oh, jeez. I just heard something. You know, I really like Dana Perino. Maybe I ought to stop there. Greetings, ladies and gentlemen, and welcome. It's Rush Limbaugh from high atop the EIB Building at the EIB Southern Command in a hidden location heavily fortified here in South Florida. The telephone number if you want to be on the program, 800-282-2882. The e-mail address, ElRushbo@eibnet.com. Well, she said she was listening to Huntsman yesterday, heard Huntsman say that the country is screwed. She said, (paraphrasing) "That's not presidential. That's not the way we want to talk, to...
  • The New American Dream: Rent, Don’t Buy

    01/04/2012 4:18:16 PM PST · by SeekAndFind · 14 replies
    Fiscal Times ^ | 01/04/2012 | By STEVE YODER
    Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006, according to a 2010 report by the New York Federal Reserve. As more people move from owning to renting, apartment vacancy rates have fallen fast, from 8 percent in 2009 to 5.6 percent in third quarter 2011. That’s pushed up rents in all markets by 2.5 percent, including apartments and single-family homes, to an average of $846 nationwide, according...
  • Welcome To 2012--Fasten Your Seatbelts

    01/03/2012 3:55:33 PM PST · by Dysart · 14 replies
    The American Spectator ^ | 1-2-2012 | Ross Kaminsky
    2011 was a year of worldwide turmoil and great change. I expect -- and to a certain degree fear -- that last year was the warm-up act to 2012 which, both internationally and domestically, seems likely to be one of the most consequential years in recent history. *BREAK* On the global scene, some of 2011's most significant events pose very different short- and long-term results. For example, the Arab Spring initially appeared to be a move toward freedom in an historically repressive part of the world but is now drifting toward other forms of tyranny. The Middle East remains likely...
  • BOOM: Markets Are Off To A Dynamite Start In 2012

    01/02/2012 6:59:48 PM PST · by blam · 7 replies
    TBI ^ | 1-2-2012 | Joe Weisenthal
    BOOM: Markets Are Off To A Dynamite Start In 2012 Joe Weisenthal Jan. 2, 2012, 5:56 PM Image: wikimedia commons US markets start the year tomorrow, but Europe wasn't bothered by the fact that New Year's Day fell on a Sunday, thus depriving the people of a proper day off. So the trading began today. The big gainer? Germany's DAX index, which gained over 3%. A strong German manufacturing number helped out. Also, manufacturing data out of India and China also helped. On the debt side of things, the Italian 10-year moved below 7% again, which is nice. Short-term rates...
  • Va. AG backs off call for GOP primary rule changes (Perry, Gingrich)

    01/01/2012 7:57:49 PM PST · by VinL · 31 replies
    WMBF NEWS ^ | 1-1-12 | Staff?
    RICHMOND, Va. (AP) - Virginia Attorney General Ken Cuccinelli is no longer pushing for a change in rules that kept two candidates off the state's March 6 Republican presidential primary ballot. The Republican Party of Virginia determined that Newt Gingrich and Rick Perry had failed to submit the required 10,000 signatures of registered voters. The candidates have gone to court to challenge their exclusion from Virginia's ballot, which will include only Mitt Romney and Ron Paul. Cuccinelli, a Republican, said in a statement Saturday that ballot access laws need to be changed not for any candidate, but for the voters....
  • Will the year 2012 be an apocalyptic game-changer?

    01/01/2012 8:23:09 PM PST · by 2ndDivisionVet · 14 replies
    The Los Angeles Times ^ | January 1, 2012 | Mitchell Landsberg
    There are years that are remembered for changing the course of human history:1492. 1776. 1945. Then there are years that were predicted to change the course of history. 1844, when Judgment Day didn't materialize. 1910, when Halley's Comet didn't wipe out humanity. And remember Y2K? But rarely does a year arrive with such a mixture of anticipation and dread as 2012. We speak not of the presidential campaign but of the Maya calendar, and the projection that it — or, more accurately, a cycle within it — will end on Dec. 21, 2012. That date has kicked up a swirl...
  • Avoiding The Danger Zones In The Year Ahead

    12/30/2011 12:37:27 PM PST · by blam · 3 replies
    The Daily Reckoning ^ | 12-30-2011 | Bill Bonner
    Avoiding The Danger Zones In The Year Ahead By Bill Bonner 12/30/11 Baltimore, Maryland – And here we are at the end of the week…and the end of the year. And we’re no surer of what is going on than we were at the beginning of it. The Dow rose 135 points yesterday. But gold kept going down. It is looking more and more like gold intends to make its big correction now… It’s been down for 6 days in a row. We’ve been waiting for it. We’ve been hoping for it. We’ve been counting on it. Is it here...
  • We’ve Been Impoverished and It’s Only Going to Get A Whole Lot Worse

    12/30/2011 11:40:39 AM PST · by JohnKinAK · 30 replies
    SHTFPlan ^ | 12/30/2011 | Mac Slavo
    The dollar is losing value, but this fact is not just some recent phenomenon. In case you missed the charts comparing the decline of the US dollar to the Roman silver denarius, what they show is that the US dollar has, over the course of the last one hundred years, experienced a steady decline amounting to about a 95% loss in purchasing power, closely mimicking the fall of the world’s reserve currency circa the 2nd and 3rd centuries. Every single day our central bank and the US government utilize the stealth tax known as inflation to make you poorer by...
  • DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY.

    12/26/2011 5:12:30 PM PST · by dc27 · 11 replies
    youtube ^ | debtlimitusa
    Explanation of the debt limit http://www.youtube.com/watch?v=Li0no7O9zmE
  • The jingle of jewelry at a Beverly Hills pawnshop

    12/23/2011 11:24:45 PM PST · by thecodont · 38 replies
    Los Angeles Times / LATimes.com ^ | December 24, 2011 | By Bob Pool, Los Angeles Times
    A Beverly Hills real estate broker is waiting for escrow to close on two upscale properties, but that won't happen until after Christmas. So what is a powerhouse agent to do to generate some quick spending money for holiday shopping? This one hocked her diamond Patek Philippe watch at a Beverly Hills pawnshop for cash. She'll reclaim her $15,000 timepiece when the deals close, said Jordan Tabach-Bank, chief executive of 73-year-old Beverly Loan Co. "Never before have we seen so many affluent people needing cash," he said. "People are in a cash crunch. You can't go to the bank for...
  • The Corruption of America

    12/24/2011 3:28:46 AM PST · by lowbuck · 22 replies
    Stansberry Investment ^ | December 2011 | Porter Stansberry
    "This bankrupt belief has taken complete control of our government, educational system, medical industry, and our corporations. And unless we demand better from each other and our political leaders, our society is doomed to collapse under the crushing weight of the Corruption of America. It's time we got back to our traditions as Americans and started doing more to take care of our families, communities, and ourselves." This is a small outtake of a very long article. If you have 15 minutes go and read this as the author raises some very good points about things that are leading to...
  • Gingrich May Be Too Arrogant For Iowa [Mondo Gag Alert]

    12/24/2011 7:40:05 PM PST · by Steelfish · 25 replies
    Los Angeles Times ^ | December 24, 2011 | By Robin Abcarian, Los Angeles Times
    Gingrich May Be Too Arrogant For Iowa Many of the state's voters like what the Republican candidate stands for, but his occasional apocalyptic self-regard is running counter to something else they appreciate: modesty. Newt Gingrich speaks to supporters during a campaign rally in Richmond, Va. Said Republican strategist Mark McKinnon: “Voters want candidates who are ‘of us’ and ‘above us.’ Gingrich has nailed the ‘above us’ part. He needs some work on the ‘of us’ piece." (Alex Wong, Getty Images / December 24, 2011) ALSO By Robin Abcarian December 24, 2011 Reporting from Des Moines— With a rich trail of...
  • Sierra Club, Audubon settle with SWEPCO on Turk power plant (Arkansas)

    12/24/2011 4:59:06 PM PST · by Libloather · 5 replies
    Arkansas Times ^ | 12/22/11 | Max Brantley
    Sierra Club, Audubon settle with SWEPCO on Turk power plantPosted by Max Brantley on Thu, Dec 22, 2011 at 10:16 AM The Sierra Club and Audubon Arkansas have announced a settlement with SWEPCO, the utility building the Turk coal-fired power plant in Hempstead County. This ends legal challenges to the plant and will be reflected in a consent decree to be filed in federal court later today in Texarkana. Nicholas Akins, CEO of American Electric Power, SWEPCO's parent, said in a release: “The provisions of the agreement are consistent with our commitment to renewable energy, energy efficiency and overall environmental...
  • Nuke Expert: Time To Attack Iran

    12/24/2011 3:11:28 PM PST · by edpc · 28 replies
    YNet ^ | 24 Dec 2011 | Yitzhak Benhorin
    WASHINGTON - A former special adviser on Iran policy to the Obama Administration said that a US-perpetrated strike on the Islamic Republic on is the "least bad" option in dealing with its nuclear threat. "The truth is that a military strike intended to destroy Iran’s nuclear program, if managed carefully, could spare the region and the world a very real threat and dramatically improve the long-term national security of the United States," Matthew Kroenig, a nuclear security expert at the Council on Foreign Relations who served as a strategist under Defense Secretary Robert Gates, said in an article published by...
  • Correcting The Growth Of Human History

    12/22/2011 12:20:16 PM PST · by blam · 16 replies
    The Daily Reckoning ^ | 12-22-2011 | Bill Bonner
    Correcting The Growth Of Human History By Bill Bonner 12/22/11 Baltimore, Maryland – And so, yesterday, the northern hemisphere had its shortest day of the year. In Baltimore, the sun never rose and never set. It was gray all day. Then it was night again. And so the days dwindle down to a precious few. In astronomical terms, the year is already over. We have passed the winter solstice. From here on out the days grow longer. In terms of the Gregorian Calendar, we still have a few more days to go in 2011. Then, we face a new year....
  • EU: ECB's €489bn loan to eurozone banks fails to calm markets

    12/21/2011 9:01:30 PM PST · by bruinbirdman · 11 replies
    The Telegraph ^ | 12/21/2011 | Louise Armitstead
    Banks gorged on €489.19bn of cheap loans offered by the European Central Bank (ECB) - but the gargantuan refinancing effort still failed to decisively address the raging debt crisis. A total of 523 banks scrambled to take up the ECB’s offer to exchange illiquid assets for cut-price funding in the first of two three-year refinancing operations. The record half-trillion euro take-up – which was far greater than the market had expected – initially triggered a “sugar rush” of euphoria as the move was hailed as a decisive “game changer”. But stock markets fell as economists and financiers recognised that while...
  • Brazilians, the Real Spenders

    12/21/2011 8:52:31 PM PST · by MinorityRepublican · 10 replies
    The Wall Street Journal ^ | DECEMBER 21, 2011 | JOHN LYONS and PAULO TREVISANI
    Items in the U.S. cost half what they do in Brazil, due to taxes, inflation and the real. Above, a Macy's crowd. Ana Ligia Paladino traveled 5,000 miles from her home in southernmost Brazil last month to jostle for Black Friday bargains at Macy's in New York City. Waiting in line by 5 a.m., she soon notched her first buys in a planned 10-day shopping spree. "It was a bagunça!" she recalled, using a Brazilian expression that means both mess and mayhem to describe the scene. Brazilian shoppers are taking the U.S. by storm this holiday season, a welcome boost...
  • HOISINGTON: NO WAY TO AVOID RECESSION IN 2012

    12/21/2011 2:13:36 PM PST · by blam · 12 replies
    Pragmatic Capitalism ^ | 12-21-2011 | Cullen Roche
    HOISINGTON: NO WAY TO AVOID RECESSION IN 2012 21 December 2011 by Cullen Roche The great bond fund manager, Van Hoisington, is joining the growing list of those calling for recession in 2012. In a recent interview with Barrons he says 2012 is a year of global recession that the USA will not be immune to it: “Our expectation is that we are going to enter another recession next year, when we haven’t really fully recovered from the previous one. We think we are in what Niall Ferguson, a Harvard historian, recently termed a slight depression. This isn’t a normal...
  • The libertarian case for ‘occupying’ foreclosed homes

    12/21/2011 5:14:27 PM PST · by presidio9 · 22 replies · 1+ views
    The Daily Caller ^ | 12/20/2011 | Brian Anderson
    “Do you support the Occupy protests?” people often ask me. As a libertarian, my answer to that question is long, complex and inconclusive. I’m critical of a lot of the Occupiers’ economic demands, but I’m very proud of how strong the decentralized structure of this movement has become, even if only as a populist showing-of-teeth. Perhaps Wes Messamore best described the difference between libertarianism and OWS with a Lord of the Rings metaphor. Messamore explains that the left wants “to use the power of the state (the ring) to rein in and defeat the corporations (Sauron).” Libertarians, however, “seek to...
  • A simple HTML tag will crash 64-bit Windows 7

    12/21/2011 10:18:07 AM PST · by ShadowAce · 55 replies
    The Register ^ | John Leyden
    An unpatched critical flaw in 64-bit Windows 7 leaves computers vulnerable to a full 'blue screen of death' system crash. The memory corruption bug in x64 Win 7 could also allow malicious kernel-level code to be injected into machines, security alert biz Secunia warns. Fortunately the 32-bit version of Windows 7 is immune to the flaw, which has been pinned down to the win32k.sys operating system file - which contains the kernel portion of the Windows user interface and related infrastructure.Proof-of-concept code showing how to crash vulnerable Win 7 boxes has been leaked: the simple HTML script, when opened in...
  • Is America On The Verge Of Irrelevance? (The view from Europe?)

    12/21/2011 10:34:56 AM PST · by 2ndDivisionVet · 32 replies
    Worldcrunch / Die Welt ^ | December 21, 2011 | Alan Posener
    Essay: Are we witnessing the U.S. empire head into its final decline? Obama is drifting. Republican candidates inspire little confidence. But viewed from Europe, which is more skeptical than ever, it’s worth taking a closer look at a nation with the Peter Pan gift of never growing up. ******** BERLIN -- When it’s not busy with its own problems, Europe looks across the Atlantic and shakes its head. America would appear to be on an unstoppable downward spiral. While neo-conservative dreams of the “unipolar moment” disperse, troops are withdrawn from Iraq and Afghanistan, the ups and the downs of the...
  • Berenson barred from leaving Peru

    12/17/2011 6:54:11 PM PST · by Free ThinkerNY · 16 replies
    Associated Press ^ | Dec. 17, 2011 | FRANK BAJAK
    LIMA, Peru (AP) -- Peru's government abused its authority by barring paroled U.S. activist Lori Berenson and her 31-month-old son from leaving the country to spend the holidays in New York City with her family, her lawyer charged Saturday. "Administratively, you can't block a court order," Anibal Apari said after Berenson told The Associated Press that she and her son Salvador were prevented from boarding a flight Friday night despite being granted permission in court.
  • China Skids Toward Hard Landing, Trade War Likely

    12/16/2011 11:07:58 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 16, 2011 | Mike Shedlock
    The Chinese hard landing is on its way. Please consider China's epic hangover begins by Ambrose Evans-Pritchard. China's credit bubble has finally popped. The property market is swinging wildly from boom to bust, the cautionary exhibit of a BRIC's dream that is at last coming down to earth with a thud. "Investors are massively underestimating the risk of a hard-landing in China, and indeed other BRICS (Brazil, Russia, India, China)... a 'Bloody Ridiculous Investment Concept' in my view," said Albert Edwards at Societe Generale. "The BRICs are falling like bricks and the crises are home-blown, caused by their own boom-bust...
  • House Passes $1T Budget Bill Aimed at Averting Government Shutdown

    12/16/2011 11:35:41 AM PST · by ColdOne · 19 replies
    FoxNews.com ^ | 12/16/11 | AP
    WASHINGTON – The House has passed a $1 trillion-plus catchall budget bill paying for day-to-day budgets of 10 Cabinet departments and averting a government shutdown. The 296-121 vote to approve the measure represented a rare moment of bipartisanship in a polarized Capitol. Lawmakers are also seeking compromise on separate legislation to renew jobless benefits and a cut in payroll taxes. The bill trims most domestic agencies and awards the Pentagon the smallest budget hike in recent memory.
  • An Anti-China Axis?

    12/15/2011 9:28:09 AM PST · by MBT ARJUN · 4 replies
    A recent multi think-tank publication entitled “Shared Goals, Converging Interests: A Plan for U.S.–Australia–India Cooperation in the Indo–Pacific,” has apparently been the source of an about-face by Australian Foreign Minister Kevin Rudd. Co-published by Australia’s Lowy Institute, India’s Observer Research Foundation, and the U.S. Heritage Institute, the authors called for a tripartite defense pact between the United States, Australia, and India in a world where “the rise of China…is posing the first serious challenge to U.S. military preeminence in Asia in half a century.” While there have been no official intergovernmental talks about this particular defense pact, on November 30,...
  • Marc Faber Urges EU Dissolution, PIIGS to Default

    12/15/2011 4:54:28 AM PST · by TigerLikesRooster · 11 replies · 1+ views
    Marc Faber Urges EU Dissolution, PIIGS to Default By jturbin | December 14, 2011 8:20 PM GMT “If I were Greece or Portugal or Spain, I would say ‘bye-bye.’ I exit the EU. And the debts in EU, that’s your problem.” The above commentary is from Marc Faber, author of the widely-read Gloom Boom & Doom Report. In a recent interview with Fox Business News, Faber argued that a dissolution of the European Union would be in the best interests for Europe in the long-run. “The best would be to dissolve the EU…let the markets sort this out. Let the...
  • Iran must chose between a bomb or survival: Israel

    12/12/2011 10:10:37 PM PST · by Mariner · 51 replies · 1+ views
    Breitbart ^ | 12/12/2011 | AFP
    A senior Israeli cabinet minister on Monday said Iran must be forced to face an existential question over its nuclear drive: choose between getting an atomic bomb, or survival. "We believe that in order to stop the Iranian military nuclear project, the regime in Tehran should face a dilemma -- whether to have a bomb or to survive," Strategic Affairs Minister Moshe Yaalon told reporters in Jerusalem. Yaalon said however it was for the international community, rather than Israel, to apply what he called an "achievable" policy. "We prefer that the international community led by the United States will bring...
  • Barack Obama on economic crisis: 'We didn't know how bad it was'

    12/13/2011 5:24:27 PM PST · by ColdOne · 62 replies
    Politico44 ^ | 12/13/11 | JENNIFER EPSTEIN
    President Barack Obama said Tuesday he wishes he knew the full extent of the economic crisis when he took office, if only so he could have let Americans know just how tough the coming years would be. "I think we understood that it was bad, but we didn’t know how bad it was,” Obama said in an interview with KIRO in Seattle. "I think I could have prepared the American people for how bad this was going to be, had we had a sense of that." Obama’s comments came as he sat down with a string of local TV reporters...
  • Which Country Defaults Next? (Would you believe, Japan?)

    12/13/2011 7:44:57 AM PST · by SeekAndFind · 14 replies · 1+ views
    Motley Fool ^ | 12/13/2011 | Dan Newman
    It seems "debt," "Greece," "crepe," or any other words that might relate to the current Euro crisis prompts a flurry of activity on stocks around the world. But if you thought Greece's and Italy's debts were high, there exists a country with an even higher debt-to-GDP ratio. Surprisingly, it also has some of the lowest government bond rates in the world. Let's take a look at this macro mystery.Land of the rising debtJapan's 2011 gross public debt as a percentage of GDP is estimated by the IMF at 234%. Compare this to down-but-not-yet-out Greece's at 139% and Italy's at 119%,...
  • Due To Austerity, The Italian Catholic Church May Have To Begin Paying Property Tax

    12/10/2011 6:25:48 PM PST · by SeekAndFind · 8 replies
    Business Insider ^ | 12/10/2011
    ROME (AP) — Italy's Catholic Church has shifted gears and shown a willingness to revisit its tax-exempt status amid renewed criticism that much of its vast real estate holdings isn't subject to local property taxes. The criticism has grown recently following Premier Mario Monti's proposal to restore a property tax on first and second homes as part of his sweeping austerity measures to help reign in Italy's massive debt. With ordinary Italians being asked to make sacrifices, the church is coming under fire to do its part and give up what some consider an unfair privilege. Critics, most prominently Italy's...
  • Italy seeks tougher sanctions against Syrian regime -- FM

    12/10/2011 6:46:28 PM PST · by SunkenCiv · 3 replies
    Kuna ^ | Sunday, December 11, 2011 | unattributed
    Italy will continue its efforts within the UN to issue a new Security Council resolution "explaining for everyone the mechanism of economic pressure on the (Syrian) regime, Terzi said during a meeting of the opposition Syrian National Council (SNC), headed by Burhan Ghalyoun. Italy is determined to impose stricter sanctions against Syrian President Bashar Al-Assad and his aides," he said. Opening a humanitarian passage in Syria "is a complicated problem in front of the force deployed by the regime," added Terzi. Terzi, meanwhile, noted possibility of deploying Arab League observers in Syria to pave way for stability in some tense...
  • Retirement ages for public employees come under greater scrutiny (59 years old & $174,308 per year)

    COLUMBUS, Ohio - After nearly 40 years in public education, Patrick Godwin spends his retirement days running a horse farm east of Sacramento, Calif., with his daughter. His departure from the workaday world is likely to be long and relatively free of financial concerns, after he retired last July at age 59 with a pension paying $174,308 a year for the rest of his life. Such guaranteed pensions for relatively youthful government retirees — paid in similar fashion to millions nationwide — are contributing to nationwide friction with the public sector workers. They have access to attractive defined-benefit pensions and...
  • At $100 billion, Californians have 2d thoughts about high-cost, high-speed rail

    12/07/2011 4:19:03 PM PST · by Kaslin · 19 replies
    IBD Editorials ^ | December 7, 2011 | Andrew Malcom
    Let's face it: Our president, the one who had so many outstanding parking tickets when he was just Barack Obama, has rail envy. Just judging from the number of times he's mentioned the high-speed rail system of China, which has one party rule so no problem with messy democracy stuff. Or bipartisanship, there being no bi- in Chinese politics, just uni-. Or the wonderfully modern airports that communist China has constructed that we should emulate with Obama's newest stimulus spending ideas. Well, it seems many Americans are not as enamored of China's choo-choos as the president who spent much of...
  • Deutsche Bank CEO target of suspicious envelope: police

    12/07/2011 4:39:05 PM PST · by Jet Jaguar
    Reuters ^ | December 7, 2011 | N/A
    German police are investigating a suspicious envelope that was sent to the chief executive of Deutsche Bank Josef Ackermann on Wednesday. A police spokesman in Frankfurt declined to say what was in the envelope but said a bomb disposal expert had been sent to the headquarters of Deutsche Bank, Germany's largest bank. In New York, a senior U.S. law enforcement official said it contained explosives. Frankfurt police spokesman Alexander Kiessling said: "There was a piece of mail that arrived at Deutsche Bank that was noticed. It was noticed because it seemed unusual." Ackermann is the face of capitalism in Germany...
  • 6 Awesome Math Tricks That Will Make Your Life So Much Easier (Very useful for investors)

    12/06/2011 12:08:26 PM PST · by SeekAndFind · 34 replies
    Business Insider ^ | 12/06/2011 | Eric Platt
    You're on the trading floor, trying to price out if a 15-year bond issued by General Electric will generate the returns needed to placate your investors. Bad news, your calculator is dead and the trader from Cantor Fitzgerald is readying to signal his buy. What to do? Well, if all you need to do is double the investment in five-years, you're in luck. That's probably not the case, and GE probably isn't issuing 15-year debt. But we compiled a list of six math tricks that might just come in handy. If you have a math trick you'd like us to...
  • Anxious Greeks Emptying Their Bank Accounts

    Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending -- and are inadvertently making the recession even worse. Georgios Provopoulos, the governor of the central bank of Greece, is a man of statistics, and they speak a clear language. "In September and October, savings and time deposits fell by a further 13 to 14 billion euros. In the first 10 days of November the decline continued on a...
  • Presidential Race Shouldn’t be ‘Trivialized’ by Trump: Jon Huntsman

    12/05/2011 6:04:44 PM PST · by Son House · 61 replies
    CNBC ^ | 5 Dec 2011 | Michelle Fox
    GOP Presidential Candidate Jon Huntsman dismissed Donald Trump and the debate the real estate mogul and reality TV star will be moderating, and told Larry Kudlow he’s the only consistent conservative in the race. The former Utah Governor and former ambassador to China likened the Newsmax-sponsored presidential debate to a reality show, and said he would not be participating. “There’s some dignity associated with a run for the highest office in the land, and it shouldn’t be trivialized and it shouldn’t be dumbed down,” he said. “If Don Trump cares about our nation’s future, he should have been a candidate...
  • Trump’s Sideshow Debate [NRO Editors Urge Boycott by Republican Candidates]

    DECEMBER 5, 2011 Trump’s Sideshow Debate In announcing that their candidate would not attend the Newsmax debate set to be moderated by Donald Trump in Iowa later this month, the Ron Paul campaign wrote, “The selection of a reality television personality to host a presidential debate that voters nationwide will be watching is beneath the office of the Presidency and flies in the face of that office’s history and dignity.” We could not have put it any better than the Paul campaign, but it is bizarre that such a response was necessary in the first place. The statement goes on...
  • Report: S&P to place ALL 17 Euro nations on downgrade warning

    12/05/2011 1:53:56 PM PST · by SeekAndFind · 7 replies
    Hotair ^ | 12/05/2011 | Tina Korbe
    Ahead of a planned summit of European Union leaders, the credit rating agency Standard & Poor’s has put all 17 Euro nations on review for a credit downgrade, which means France and Germany could lose the pristine AAA ratings they presently enjoy, Bloomberg News is reporting. The euro area’s six AAA rated countries are among the nations to be placed on a negative outlook pending the result of a summit of European Union leaders on Dec. 9, the people said today on condition of anonymity because the decision has yet to be announced. The euro reversed its gains and U.S. Treasuries rose...
  • Argentina launches naval campaign to isolate Falkland Islands

    12/05/2011 2:56:23 PM PST · by DeaconBenjamin · 69 replies
    Telegraph (UK) ^ | 8:28PM GMT 05 Dec 2011 | By Fergus MacErlean
    Argentina has launched a naval campaign to isolate the Falkland Islands that has seen it detain Spanish fishing vessels on suspicion of breaking the country’s “blockade” of the seas around the British territories. Argentine patrol vessels have boarded 12 Spanish boats, operating under fishing licences issued by the Falkland Islands, for operating “illegally” in disputed waters in recent weeks. Argentine patrol commanders carrying out interceptions near the South American coast told Spanish captains they were in violation of Argentina’s “legal” blockade of sea channels to the Falklands. The warning has been backed up in a letter to Aetinape, the Spanish...
  • Fox Rejects Anti-Obama/ Bernanke Ads Advocating Gold & Silver As Protection Against Inflation

    12/03/2011 6:13:56 PM PST · by Comparative Advantage · 58 replies
    SilverDoctors ^ | December 3, 2011
    Major news networks have all rejected two animated television spots developed by Phoenix-based Swiss America Trading Corp. depicting Ben Bernanke and President Obama printing money with abandon, and promoting ownership of gold and silver as protection against this policy. The ads have been rejected by Fox, Fox Business, CNBC, NBC, MSNBC, ABC, CBS, CNN, & the Discovery Channel.
  • Is It Over for Lady Gaga?

    12/03/2011 5:09:35 AM PST · by Kaslin · 141 replies
    Townhall,com ^ | December 3, 2011 | Bill O'Reilly
    A few months ago in this space, I wrote a column about the cultural phenom Lady Gaga that ended with my politely telling her to save her money. That's because the treacherous world of popular culture is not usually a long-term proposition. Entertainment idols often pass through the fame obstacle course very quickly. In show biz, "jumping the shark" is a term used to describe a project in decline. It is derived from the hit sitcom "Happy Days," which, sorely lacking for material after years on the air, featured a show whereby The Fonz went waterskiing in a leather jacket...
  • USDA Rural Development Offers Home Mortgages

    12/02/2011 3:42:58 PM PST · by RBW in PA · 20 replies
    Pike County Courier ^ | December 3, 2011 | Not Cited
    TUNKHANNOCK — USDA Rural Development offers a subsidized government program designed to assist low income, credit worthy families and individuals in purchasing existing or building new homes in rural areas. To qualify, applicants must be under the low-income limit for the county in which they would live (for a family of four in Pike County, that amount is $54,500), have an acceptable credit history and meet certain debt to income ratios. The current interest rate is 3.5% fixed over 33 years; no down payment is required; and funds for repairs (and sometimes closing costs) may be included in the loan....
  • Foreclosed homes, empty lots are next 'Occupy' targets

    12/02/2011 3:35:25 PM PST · by ColdOne · 16 replies
    MSNBC.com ^ | 12/2/11 | Miranda Leitsinger
    ‘Occupy’ protesters and housing rights activists are planning to help families resist eviction from foreclosed homes and take control of vacant properties in some 25 U.S. cities on Tuesday, an effort aimed at focusing attention on the ongoing housing crisis and giving the movement a new focus after the dismantling of many of its encampments. The protesters have been crafting proposals – often quietly to prevent police from learning about their intentions beforehand -- to defend families facing eviction or return others home. In Minneapolis, for example, they plan to help a Vietnam War veteran stay in his home, in...
  • Clearing Houses Are The Mechanism Of All Markets

    12/02/2011 4:14:47 PM PST · by Razzz42 · 2+ views
    Jim Sinclair's Mineset ^ | December 2, 2011 | Jim Sinclair
    My Dear Extended Family, We all know bank’s balance sheets are cartoons due to FASB’s capitulation on the fair market value issue, that the euro financial leaders do not deserve the title leader, and that the Fed is the source of liquidity for Euroland in unlimited cheap dollar swaps, but there is more. That more is the first failure of a major clearing house. Clearing is the mechanism of all markets. It is the guts of the system. It is the engine under the hood of finance. It is the pulleys that turn inside the watch. It is basic to...
  • Regime Manipulates Numbers to Get Unemployment Headline Under 9%

    12/02/2011 12:48:08 PM PST · by Kaslin · 34 replies
    Rush Limbaugh.com ^ | December 2, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: I don't want to be an I told you so, but I told you so, and I told you so five weeks ago. Gallup, every week, puts out their own unemployment numbers and Gallup has been signaling that this day unemployment below 9% was coming. They've been blatantly saying so, based on their own unemployment data which is not related to the Bureau of Labor Statistics reports. It's their own surveys; and in the last five weeks, occasionally they will say that their numbers that they come out with on a Wednesday or Thursday indicate that we're...
  • Bank of Israel to Invest in U.S. Equities in 2012

    12/01/2011 4:19:03 PM PST · by SJackson · 7 replies
    Topf Says Israel to Invest in U.S. Equities in 2012 Dec. 1 (Bloomberg) -- Barry Topf, senior adviser to Bank of Israel Governor Stanley Fischer, discusses plans to invest foreign reserves in U.S. equities. He spoke yesterday in Jerusalem with Bloomberg's Alisa Odenheimer. (/Bloomberg)