Keyword: soars

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  • Margin Debt Soars To New Record; Investor Net Worth Hits Record Low

    11/26/2013 6:36:37 PM PST · by Nachum · 11 replies
    zero hedge ^ | 11/26/13 | Tyler Durden
    The correlation between stock prices and margin debt continues to rise (to new records of exuberant "Fed's got our backs" hope) as NYSE member margin balances surge to new record highs. Relative to the NYSE Composite, this is the most "leveraged' investors have been since the absolute peak in Feb 2000. What is more worrisome, or perhaps not, is the ongoing collapse in investor net worth - defined as total free credit in margin accounts less total margin debt - which has hit what appears to be all-time lows (i.e. there's less left than ever before) which as we noted...
  • [San Francisco] MTC building price soars to $218 million

    11/29/2012 2:09:40 PM PST · by Lonely Bull · 4 replies
    sfgate.com ^ | Thursday, November 29, 2012 | Michael Cabanatuan and John Coté
    (11-29) 12:56 PST San Francisco -- Things are looking up for the Metropolitan Transportation Commission's controversial plan to transform the old tank factory and postal facility at 390 Main St. into a suitable place for regional agencies to cohabit - particularly the price tag. The estimated cost now stands at $218 million, which is $38 million higher than the original estimate from July 2011 but $51 million more than the most recent estimate, adopted in November 2011. (The projected cost fell after the agency bought the building at a lower price.)
  • Opium production soars in Afghanistan: UN

    01/12/2012 2:08:43 PM PST · by NormsRevenge · 7 replies
    Yahoo ^ | 1/12/12 | AFP
    Production of opium and the illicit crop's value soared in Afghanistan last year, the United Nations said in a report released Thursday. According to the UN's Office on Drugs and Crime, farmer income derived from Afghanistan's opium crop in 2011 was $1.4 billion (1.09 billion euros), representing nine percent of GDP. "Opium is therefore a significant part of the Afghan economy and provides considerable funding to the insurgency and fuels corruption," Yury Fedotov, executive director of the UN office, said in a statement. Afghanistan grows about 90 percent of the world's opium. The UN said poppy-crop cultivation covered more than...
  • CA: High-speed rail price tag soars again, this time on pace to surpass $60 billion

    08/10/2011 9:12:03 AM PDT · by NormsRevenge · 36 replies · 4+ views
    Mercury News ^ | 8/10/11 | Mike Rosenberg
    For the second time since voters approved California's massive bullet train project, the state on Tuesday raised the total price tag for the first stretch by several billion dollars -- and now the cost for the entire rail line is on pace to skyrocket to an eye-popping $60 billion to $80 billion or even more. The latest estimates put the cash-strapped state even further behind in bankrolling its biggest, and one of its most polarizing, public works plans ever, as California struggles to secure funds from shy investors and broke governments. Still, project officials are ramping up to spend billions...
  • AP Exclusive: Calif. high-speed rail cost soars

    08/09/2011 9:48:49 AM PDT · by NormsRevenge · 32 replies
    SFGate.com ^ | 8/9/11 | Adam Weintaub - AP
    Sacramento, Calif. (AP) -- The estimated cost of California's high-speed rail project is rising by billions of dollars. Environmental impact studies released Tuesday and obtained in advance by The Associated Press put the cost of building the initial segment at anywhere from $10 billion to $13.9 billion. That's sharply higher than the $7.1 billion estimate from 2009 for the Merced-to-Bakersfield section. Rail board executives say the higher costs include more elevated tracks in the Central Valley and more specific data about property values. Construction is scheduled to start next year. ...
  • NHS bosses' pay soars 50% as thousands of doctors and nurses face axe

    02/23/2011 9:37:23 PM PST · by Nachum · 12 replies
    Daily Mail ^ | 2/23/11 | Sophie Borland
    NHS bosses in charge of hospitals being forced to sack thousands of staff have seen their pay soar by up to 50 per cent in the past five years, it has emerged. The chief executives at trusts facing the worst cutbacks are now on lucrative salaries far higher than the Prime Minister’s, with some earning more than £200,000. And most handed themselves comfortable pay rises last year even though hundreds of their own staff were being made redundant to reduce costs.
  • Stocks Advance, Led by Techs; GM Soars

    11/18/2010 11:25:49 AM PST · by Nachum · 12 replies
    cnbc ^ | 11/18/10 | Abby Schultz and JeeYeon Park
    Stocks continued to advance Thursday, helped by the successful launch of General Motors stock, in addition to a batch of positive economic reports and news that Ireland may agree to a bailout package. The Dow Jones Industrial Average was up more than 180 points, following a lackluster trading session on Wednesday that ended with the blue-chip index slightly lower. Most Dow components were higher, led by Alcoa [AA 13.48 0.54 (+4.17%) ], Caterpillar [CAT 83.16 1.99 (+2.45%) ] and DuPont [DD 46.658 0.998 (+2.19%) ], while Intel [INTC 21.0201 -0.0599 (-0.28%) ] fell. The S&P 500 and the Nasdaq were...
  • Anti-Semitism soars in Holland

    08/19/2010 3:31:30 PM PDT · by Nachum · 33 replies
    jpost ^ | 8/19/10 | ISI LEIBLER
    Like many Jews, as a youngster I associated Holland with windmills and tulips and a heroic people which bravely defended Jews during the Nazi occupation. Alas, I subsequently learned that the record of the Dutch towards the Jews was nothing of the sort. There were tens of thousands of Dutch righteous gentiles who risked their lives to save Jews but there were far more collaborators, over 25,000 of whom even volunteered for the Waffen SS. Overall, the Dutch authorities willingly assisted in the deportation of the Jews. Anne Frank and her family were amongst those denounced to the Nazis. Of...
  • Illinois unemployment soars to 12.2% in January

    03/17/2010 5:13:13 PM PDT · by Nachum · 22 replies · 476+ views
    chicago breaking business ^ | 3/17/10 | Ameet Sachdev
    <p>IIllinois' January unemployment rate rose to 12.2 percent -- it's highest level in 27 years -- as the country's economic woes pressured the state's job market last year.</p>
  • Poverty Soars in Ohio

    01/22/2010 12:29:55 PM PST · by Son House · 36 replies · 1,460+ views
    THE COLUMBUS DISPATCH ^ | January 22, 2010 | BY CATHERINE CANDISKY
    Rising unemployment and sinking wages have pushed record numbers of Ohioans into poverty. The State of Poverty in Ohio -- unveiled four days before Gov. Ted Strickland's official State of the State speech -- was released today by the Ohio Association of Community Action Agencies. It provides some startling statistics and reveals what many Ohioans know firsthand. Simply put, things have gotten worse. Since 2002, the state's population has increased by 1.2 percent while the number of persons living in poverty has grown by 41.7 percent. Ohio is now home to 1.5 million people -- 13.7 percent of its population...
  • Jobless rate soars to 6.1% [Flashback, September 2008]

    08/08/2009 8:54:39 AM PDT · by Son House · 17 replies · 694+ views
    CNNMoney.com ^ | September 5, 2008 | CNNMoney.com
    The unemployment rate rose to 6.1%, the highest level since September 2003. That's up from 5.7% in July and 4.7% a year ago. In addition, the economy suffered a net loss of 84,000 jobs in August, according to the U.S. Department of Labor, compared to a revised reading of a 60,000 job loss in July. The U.S. economy has lost 605,000 jobs so far this year. The jobs report immediately drew comment from the presidential candidates as well as the Bush administration. The White House pointed to other economic readings, including last week's gross domestic product report. It showed second...
  • Gold Spikes,Obama Yikes!

    01/20/2009 7:37:30 AM PST · by STD · 31 replies · 1,611+ views
    Gold Prices Soar ^ | 1/20/09 | Self
    Before the trading day began Tuesday, spot prices for gold were trending sharply higher. By 10AM gold prices has reached $855 an ounce, up $25 dollars in two hours. Wall Street has already factored in the potential damage an Obama Presidency would have on the stock market. Wall Steet is always prepared for the movements in the price of stocks, bonds and commodities. Traders did not take into consideration how the Average Joe across the globe would respond to plans for a whole new bundle of worthless paperhanging of the US Dollar. Gold prices had been forecast to drop down...
  • STOCKS SOAR! (IN BAGHDAD): Iraq Stock Market Up 40% Even as Rest of the World Plunges

    10/10/2008 7:12:54 PM PDT · by SeekAndFind · 21 replies · 2,120+ views
    New York Post ^ | October 10,2008 | JENNIFER FERMINO with Reuters
    Now it's stock and awe in Baghdad! As the Dow plummeted nearly 700 points yesterday to fall well below the 9,000 mark, the Iraqi stock exchange - where this broker was merrily keeping up with her booming business - was flourishing, buoyed by four-year lows in violence and hopes of a reconstruction windfall. Last month, Iraq's general index went up nearly 40 percent, about the same percentage the Dow dropped over the past year. The jovial trading-floor mood is reminiscent of Wall Street's bygone "greed is good" era of the 1980s. Wall Street Routing World Markets The Middle Eastern "masters...
  • State's payroll soars under Schwarzenegger

    05/25/2008 8:15:30 AM PDT · by NormsRevenge · 35 replies · 133+ views
    SFGate.com ^ | 5/25/08 | Erin McCormick
    The state of California's payroll is skyrocketing, even as its budget deficit has grown to billions of dollars in recent months. In Gov. Arnold Schwarzenegger's first four years, the total bill for state workers' salaries jumped by 37 percent, compared with a 5 percent increase in the preceding four years under then-Gov. Gray Davis, a Chronicle analysis of state payroll records shows. One month before Schwarzenegger took office in November 2003, just eight state employees earned more than $200,000 a year working in the core state government, which excludes universities and the Legislature. In April of this year, there were...
  • CA: Debt soars, and more on the way

    10/02/2007 7:42:07 AM PDT · by NormsRevenge · 26 replies · 89+ views
    Sac Bee ^ | 10/2/07 | Dan Walters
    Once upon a time -- a few decades ago -- California was virtually debt-free, at least in terms of state general obligation bonds. State public works projects, the old-fashioned name for what we now call infrastructure, were largely financed with user fees, such as gas taxes and water charges, or special funds such as royalties on oil production. Schools and other local facilities, meanwhile, were built with fee- or property tax-backed bonds. That began to change in 1978 when voters passed Proposition 13, which severely limited local property taxes, shifted much of the fiscal burden onto state government, and made...
  • Iraqi Air Force Soars to New Heights in Recent Months

    09/06/2007 4:51:25 PM PDT · by SandRat · 2 replies · 324+ views
    WASHINGTON, Sept. 6, 2007 – Iraq’s air force has added unprecedented personnel and aircraft in recent months and undertaken crucial missions, the commander of the Coalition Air Force Transition Team said today in Baghdad. “Six months ago, there was no air force academy for the Iraqi air force, there was no technical training school, there was no basic training school for enlisted people,” Air Force Brig Gen. Bob Allardice told online journalists and “bloggers” during a conference call from Iraq. “But in the last six months, we've graduated and commissioned second lieutenants in their air force.” Dozens of basic Iraqi...
  • Stephen Hawking soars weightlessly

    04/27/2007 7:14:59 AM PDT · by bedolido · 4 replies · 397+ views
    thestar.com ^ | 04-27-2007 | Mike Schneider
    CAPE CANAVERAL, Fla.–Free of his wheelchair and tethered only to heart rate and blood pressure monitors, astrophysicist Stephen Hawking yesterday fulfilled a dream of floating weightless on a zero-gravity jet, a step he hopes leads to further space adventures.Paralyzed scientist Stephen Hawking, normally confined to a wheelchair, floats inside a zero-gravity jet on April 26. Hawking, who made two flips like 'a gold-medal gymnast,' called the experimence 'amazing.'
  • U.S. trade deficit soars to record

    12/18/2006 6:56:53 AM PST · by NormsRevenge · 65 replies · 1,509+ views
    AP on Yahoo ^ | 12/18/06 | Martin Crutsinger - ap
    WASHINGTON - America's deficit in the broadest measure of trade shot up to an all-time high in the summer, reflecting the huge jump in the country's foreign oil bill. The Commerce Department reported Monday that the current account trade deficit increased 3.9 percent to a record $225.6 billion in the July-September quarter. That represented 6.8 percent of the country's total economy, up from 6.6 percent of the gross domestic product in the spring quarter. The current account is the broadest measure of U.S. trade because it tracks not only the flow of goods and services across borders but also investment...
  • 'SEINFELD' SOARS ON RACIST RANT

    11/30/2006 7:48:31 AM PST · by Nachum · 179 replies · 4,676+ views
    NY Post ^ | November 30, 2006 | DON KAPLAN
    November 30, 2006 -- THE K-K-Kramer scandal murdered Michael Richards' career - but it's doing wonders for sales of the latest "Seinfeld" DVD. Season 7 of the popular sitcom is outselling the Season 6 set (released on the same day last year) by more than 75 percent, and more than 90 percent over season 5 at some online DVD retailers, according to TMZ.com.
  • Canary Islands Fear Disaster As Number Of Migrants Soars

    09/03/2006 8:05:40 PM PDT · by blam · 7 replies · 408+ views
    The Guardian (UK) ^ | 9-4-2006 | Dale Fuchs
    Canary Islands fear disaster as number of migrants soars * 6,000 came in August, exceeding whole of 2005* Spain wants EU summit to cut off sea route to Europe Dale Fuchs in Madrid Monday September 4, 2006 The Guardian (UK) A record number of African migrants, almost 1,200 in 36 hours, reached the shores of the Spanish Canary Islands at the weekend, crammed into eight rickety boats that set sail from Mauritania, officials said. Police have intercepted about 20,000 migrants this year. Rescue workers say 550 have drowned en route. In all, 674 arrived on Saturday and 522 yesterday. "This...
  • Power demand soars in California as heat wave lingers

    07/21/2006 8:43:02 PM PDT · by NormsRevenge · 61 replies · 1,119+ views
    ap on Riverside Press Enterprise ^ | 7/21/06 | AP - Los Angeles
    LOS ANGELES California set a record for power use Friday as the state continued to bake in a heat wave that has sent temperatures soaring above 100 degrees from the north to the south and may have been responsible for as many as four deaths. The demand for electricity peaked at 4:28 p.m. when 49,036 megawatts of power was used across the state, the California Independent System Operator said. The previous record of 46,561 megawatts was set Monday. The temperature reached 120 degrees in the desert resort town of Palm Springs, shattering a 54-year-old record for the date of 117...
  • CA: Cost of logging plans soars, university study finds

    03/23/2005 8:35:31 AM PST · by NormsRevenge · 11 replies · 311+ views
    Bakersfield Californian ^ | 3/23/05 | Don Thompson - AP
    SACRAMENTO (AP) - The increasing cost of logging regulations may prompt more landowners to sell their timberland for development and other uses, particularly in areas where property values are rising, according to a new study. The California Polytechnic State University, San Luis Obispo, study released Wednesday finds the average cost of meeting the regulations has increased 1,200 percent over the last 30 years, and now tops $30,000. But the study also is triggering criticism of the researchers for accepting partial funding from the timber industry. Gov. Arnold Schwarzenegger's administration, environmentalists and some state lawmakers have said the price of a...
  • CA - Audit: Prisons' hospital spending soars, eclipses Medicare costs

    07/27/2004 4:40:04 PM PDT · by NormsRevenge · 11 replies · 525+ views
    Bakersfield Californian ^ | 7/27/04 | Don Thompson - AP
    SACRAMENTO (AP) - California prisons paid local hospitals as much as eight times more than Medicare would have paid for the same medical procedure, auditors said Tuesday, leading to an average 21 percent annual increase in health care costs the last five years. That's nearly three times higher than the national inflation rate for hospital services during the same period, despite no significant increase in the inmate population. The report is the latest broadside at a prison system where spending and management has been out control, according to previous audits, state lawmakers and the Schwarzenegger administration, and independent spending analyses...
  • Productivity Soars at 3.8 Percent Annual Rate; Jobless Claims Drop Again

    06/03/2004 6:20:18 AM PDT · by treeclimber · 65 replies · 350+ views
    newsmax.com ^ | 6-3-04
    WASHINGTON – The productivity of America's workers in the opening quarter of 2004 grew at a brisk 3.8 percent annual rate, faster than previously thought. Labor costs moved up.
  • VC funding soars by 22% (Silicon Valley)

    01/26/2004 10:16:36 AM PST · by NormsRevenge · 5 replies · 153+ views
    Mercury News ^ | 1/26/04 | Matt Marshall
    <p>Venture capital investment is finally on the rise again, suggesting what Silicon Valley desperately wants to hear -- the tech economy may be coming back, and with it the jobs.</p> <p>Venture capitalists invested $1.66 billion in Bay Area companies last quarter -- up a strong 22 percent from the $1.36 billion the quarter before, according to a survey by VentureOne and Ernst & Young to be released today. It's the first decisive upward swing in investments after a year of treading water, and is the most funding since mid-2002.</p>
  • Natural Gas Price Soars 46 Percent

    12/12/2003 6:56:56 PM PST · by NormsRevenge · 18 replies · 301+ views
    Atlanta Journal-Constitution ^ | 12/12/03 | Brad Foss - AP
    WASHINGTON (AP)--A 46 percent surge in the price of natural gas since Thanksgiving has been so startling, one analyst has suggested the futures markets should be investigated. Natural gas for January delivery rose surged 60.6 cents, or 9 percent, Friday to $7.221 per 1,000 cubic feet on the New York Mercantile Exchange. It was the highest close since Feb. 28, when prices settled at $8.10, and was $2.30 above the Nov. 26 close. As a result, consumers could see higher energy bills as early as next month, analysts said. Any increase won't be nearly as severe as the recent run-up...
  • Dollar Soars As Europe Slows

    08/19/2003 8:31:00 AM PDT · by blam · 5 replies · 192+ views
    BBC ^ | 8-19-2003
    Dollar soars as Europe slows Eurozone output refuses to rebound The euro has hit four-month lows against the dollar, as dismal European economic data contrasts with optimism in the United States. The European single currency traded at below $1.11 for the first time since April, as traders swapped their money into dollars in response to a buoyant US stock market. The euro has lost 7% of its value against the dollar since June, partially reversing a sustained 33% increase since early last year. The cooling of the euro - which is being welcomed by policy makers on both sides of...
  • CA: Cost to license vehicles soars

    06/21/2003 9:53:47 AM PDT · by NormsRevenge · 83 replies · 452+ views
    Sac Bee ^ | 6/21/03 | Alexa H. Bluth
    <p>Declaring that California is running on fiscal fumes, state finance officials "pulled the trigger" Friday to raise the vehicle license fee for at least a year to ease a staggering budget deficit.</p> <p>"California is broke," said Steve Peace, director of Gov. Gray Davis' finance department. "This is the first time that we've been in a position where we actually have none of our own money. We are operating as of today totally on borrowed cash."</p>
  • SARS Toll Soars To 235 As 17 More Die In Asia

    04/22/2003 3:35:59 PM PDT · by blam · 13 replies · 264+ views
    Independent (UK) ^ | 4-23-2003 | Joe McDonald
    Sars toll soars to 235 as 17 more die in Asia By Joe McDonald in Beijing 23 April 2003 Asia reported a further 17 deaths from severe acute respiratory syndrome yesterday as Beijing officials were told to redouble the fight against the virus and schoolchildren in Hong Kong went back to class wearing surgical masks. Worldwide, the death toll rose to 235 and the number of infections passed 4,000. China reported 11 new Sars fatalities, Malaysia announced its second death and Hong Kong, which is worst hit, report five more deaths, pushing the toll to 99. In Hong Kong, 200,000...
  • U.S. soars as France, UN shrink

    03/23/2003 11:28:51 AM PST · by knighthawk · 4 replies · 167+ views
    NY Daily News ^ | March 23 2003 | Lou Dobbs
    The campaign to disarm Iraq and remove Saddam Hussein from power has been enormously successful to this point. The decisiveness of President Bush and British Prime Minister Tony Blair and the effectiveness of the coalition's military forces have reinforced public support for the war effort here at home. They've also resulted in a change of tone abroad. Reservations have turned to resolve, with 45 countries now members of the coalition. Of course, France is not part of that coalition, and President Jacques Chirac, who pitifully fancies himself as a figure of historical importance, last week further exposed his delusions, as...