|Newspoll slump worsens for Gillard|
|Julia Gillard's government has a mountain to climb to put itself in an election-winning position.|
The PM's Diary: Julia Gillard is in Canberra for the parliamentary sitting day. She will attend the press gallery's Midwinter Ball tonight along with partner Tim Mathieson. Look for a pic fac later today with CMFEU types who support a carbon tax, but the PM does not have a press conference in the diary at this stage.
Tony Abbott is in Canberra today for parliament. He has put the finishing touches on his speech for the ball. He'll have wife Margie on his arm tonight.
Top of the papers: The latest Newspoll in The Australian today shows Julia Gillard's personal support has crashed to a new low, putting Tony Abbott within reach of her as the preferred prime minister. Personal support for Ms Gillard is now similar to that of former Labor prime minister Paul Keating before he lost the 1996 election and that of former Liberal prime minister John Howard in 1998 after he announced the GST. The Coalition's two-party-preferred lead has risen from four points to 10 - 55 per cent to 45 per cent.(report) (table) (Dennis Shanahan)
The Newspoll will hang over the ball tonight like a dark cloud. It was only a year ago that former Prime Minister Kevin Rudd, in the midst of a stoush over his resources super profits tax, delivered a somewhat awkward speech about rat f##king and warned mining types "Can I say guys, we've got a long memory''. And who could forget the 2009 ball, which saw then Liberal leader Malcolm Turnbull accost Mr Rudd's adviser Andrew Charlton, kicking off the "Read more...
Jun 14, 2011
GATA THE GATA DISPARCHES: Tom Calandra : Mining Stock Rally ../ Tutk: Gold and Silver Have Bottomed / Sean Fieler: GoldMoney Interview
Thom Calandra: Mining stock rally in the works
Dear Friend of GATA and Gold (and Silver):
Like GoldMoney's James Turk, financial market columnist Thom Calandra sticks his neck out tonight and predicts an imminent rise in mining equities, heralded by a rebalancing of the shares in the junior mining stock exchange-traded fund GDXJ. Calandra's commentary is headlined "Stealth Junior Mining Stock Rally in the Works" and you can find it at Stockhouse here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold and silver have bottomed, Turk tells King World NewsSubmitted by cpowell on 07:13PM ET Tuesday, June 14, 2011. Section: Daily Dispatches
10:07p ET Tuesday, June 14, 2011
Dear Friend of GATA and Gold (and Silver):
GoldMoney founder and GATA consultant James Turk tells King World News tonight that the rallies in gold and silver today signalled the bottom in the precious metals and that they'll be pressing upward within a couple of weeks. An excerpt from the interview has been posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Breaking News Alert
The New York Times
Tuesday, June 14, 2011
Pakistan Arrests C.I.A. Informants Who Aided Bin Laden Raid
Pakistan’s top military spy agency has arrested some of the Pakistani informants who fed information to the Central Intelligence Agency in the months leading up to the raid that led to the death of Osama bin Laden, according to American officials.
Pakistan’s detention of five C.I.A. informants, including a Pakistani Army major who officials said copied the license plates of cars visiting Bin Laden’s compound in Abbottabad, Pakistan, in the weeks before the raid, is the latest evidence of the fractured relationship between the United States and Pakistan. It comes at a time when the Obama administration is seeking Pakistan’s support in brokering an endgame in the war in neighboring Afghanistan.
The fate of the C.I.A. informants arrested in Pakistan is unclear, but American officials said that the C.I.A. director, Leon E. Panetta, raised the issue when he travelled to Islamabad last week to meet with Pakistani military and intelligence officers.
|Wall Street rebounds in oversold market|
|NEW YORK (Reuters) - Stocks posted their biggest gains in nearly two months on Tuesday as retail sales figures allayed fears over the economy that had driven a six-week slump in the market. | Full Article|
|Consumers spend less, recovery seen on horizon|
|June 14, 2011 02:18 PM ET|
|WASHINGTON (Reuters) - Consumers have not pulled back aggressively despite the recent slowdown in the economy, retail sales data showed on Tuesday, and falling gasoline prices should support growth in the months ahead. | Full Article|
|Bernanke warns of crisis if debt limit not raised|
|June 14, 2011 04:26 PM ET|
|WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday that a failure to lift the government's $14.3 trillion debt ceiling risks a potentially disastrous loss of confidence in America's creditworthiness. | Full Article|
|Regulators moves to delay swaps crackdown, bolster banks|
|June 14, 2011 12:52 PM ET|
|WASHINGTON (Reuters) - U.S. regulators threw a temporary bridge across the increasingly awkward gap between the idea of regulating the $600-trillion swaps market and the reality of actually doing it. | Full Article|
|Winklevoss vs Facebook court clash lives on|
|June 14, 2011 01:06 PM ET|
|NEW YORK (Reuters) - It may take the U.S. Supreme Court to end a years-long battle between a pair of Olympic rowing twins and Facebook Inc founder Mark Zuckerberg. | Full Article|
|Prenatal pesticide exposure tied to birth size|
|German E.coli outbreak claims first child victim|
|Oregon votes to outlaw sale of suicide kits|
|Sunscreen label changes aim to reduce cancer risk|
By CHRISTINE HAUSER
The government statistics showed retail sales fell for the first time this year, but stocks rallied by more than 1 percent in part because they weren't as bad as expected.
By STEPHANIE CLIFFORD and MICHAEL J. de la MERCED
Ron Johnson, who oversaw the Apple Store concept, will take over as chief executive from Myron E. Ullman III, who will become executive chairman of J. C. Penney.
By KEVIN J. O'BRIEN
Apple agreed to make a one-time payment to Nokia and to pay regular royalties in the future to license some of Nokia's patents.
By LANDON THOMAS Jr.
Deutsche Bank's worldwide investment banking operations, controlled by Anshu Jain, now produce about 85 percent of the banking giant's profit. But he faces an uphill battle for the top job.
By STEPHEN CASTLE
The next likely head of the central bank spoke at the European Parliament while finance ministers try to craft a new bailout package.
SAN FRANCISCO (MarketWatch) -- U.S. stocks had their best day this month on Tuesday, after U.S. and China data moderated some recent worries about global growth. The Dow Jones Industrial Average DJIA +1.03% ended up 123.14 points, or 1.03%, to 12,076.11, its strongest point gain since May 31. The S&P 500 SPX +1.26% rose 16.04 points, or 1.3%, to 1,287.87, its highest percentage rise since April 20. The Nasdaq Composite COMP +1.48% gained 39.03 points, or 1.5%, to 2,678.72. In the U.S., monthly retail sales dipped less than forecast. Chinese data on industrial production and retail sales also buoyed sentiment for stocks and
By Greg Robb
WASHINGTON (MarketWatch) -- The debt limit is "the wrong tool" for the "important job" of lowering the federal budget deficit, Federal Reserve Board Chairman Ben Bernanke said Tuesday. Nothing should be done to shake the confidence of investors in the willingness of the U.S. government to pay its bills, Bernanke remarked in a speech to the Committee for a Respnsible Federal Budget. A delay in raising the debt ceiling could damage the special role of the dollar and Treasurys in global markets over the long term, he said. Bernanke urged the White House and Congress to quickly develop and enact a plan to cut the deficit. Without such a deal, the U.S. is moving ever closer to the point where the deficit could cause a sudden financial crisis, he added.
Personal Finance Daily
JUNE 14, 2011
Better hiring news for job seekers
- Hiring going in ‘right direction,' says Manpower survey
- Retirement plans making a comeback — with limits
- States use sweepstakes to boost college-savings plans
- Should we raise Medicare eligibility age?
Although the economy has been adding private-sector jobs for more than a year, unemployment remains high. The most recent data showed that nonfarm payrolls rose 54,000 in May, as private-sector employment slowed to an increase of 83,000. The industry most likely to see significant employment growth in the third quarter? Leisure and hospitality, says Manpower — possibly the result of companies loosening their business-travel restrictions.
— Anne Stanley , managing editor, Personal Finance
Hiring going in ‘right direction': Manpower
Employers' hiring plans for the third quarter are ticking higher from last year, but are unchanged from the second quarter, according to the Manpower Employment Outlook survey released Tuesday.
Read more: Hiring going in ‘right direction,' Manpower says.
Retirement plans making a comeback — with limits
Many U.S. companies that during the recession cut 401(k) matching contributions — one of the most valuable employee benefits — are beginning to restore them.
Read more: Retirement plans are making a comeback — with limits.
States use sweepstakes to boost college-savings plans
Among other ways Cale and Catherine Coulter are saving for college for their two children, the Oklahoma couple hopes to win the lottery. They have entered a sweepstakes aimed at parents saving for college; two lucky families will win more than $2,500, earmarked for an account in the state's 529 college-savings plan.
Read more: States use sweepstakes to boost college-savings plans.
Should we raise Medicare eligibility age?
Is raising the age of eligibility for Medicare to 67 from 65 an effective way to help improve the program's finances? Would you be able to wait two additional years for coverage?
Read more: Should we raise Medicare eligibility age?
These will be the stock winners in next rally
No matter what technical condition the general market is in, it is a good idea for the speculator to maintain a watch list of potential buy candidates.
Read more: These will be the stock winners in the next rally.
Fund managers switch to defensive stocks
Fund managers boost their cash holdings and switch into more defensive stocks, while seeing little chance of a further U.S. stimulus package, according to a monthly survey.
Read more: Fund managers switch to defensive stocks.
Women are better investors, and here's why
New evidence suggests women are more successful investors, and better at just about everything else.
Read more: Women are better investors, and here's why.
Will the bear bite us again?
The S&P 500 Index (SPX) knifed through multiple levels of significant support, including the 50-day moving average. Exchange-traded funds can help you survive another bear market.
Read more: Will the bear bite us again?
Insiders turn back from the brink
Just when it looked like their accelerated selling would put the icing on the cake of a new bear market, corporate insiders decided not to jump off the cliff. By so doing, they have given the bulls a shred of hope that the bull market is yet alive, writes Mark Hulbert.
Read more: Insiders turn back from the brink.
ECONOMY AND POLITICS
GOP candidates jockey for lead after debate
Republican presidential candidates kept up their attacks on President Barack Obama's policies as they sought to burnish their campaigns after a Monday night debate devoid of major broadsides against each other.
Read more: GOP candidates jockey for lead after debate.
FDIC OKs minimum capital standard for banks
The Federal Deposit Insurance Corp. adopts a rule requiring that U.S. big banks be subject to the same minimum standards for capital as community banks. The rule is part of the government's implementation of Dodd-Frank bank-reform act.
Read more: FDIC OKs minimum capital standard for banks.
Top U.S. CEOs remain upbeat, survey says
Chief executives of the biggest U.S. companies continue to expect higher sales in upcoming months, but they are slightly less optimistic compared with three months ago, a survey finds.
Read more: Top CEOs remain upbeat, survey says.
Wholesale prices rise at slower pace in May
U.S. wholesale prices rise in May at the slowest pace in 10 months as the cost of food falls and the increase in energy prices tapers off, the government says.
Read more: Wholesale prices rise at slower pace in May.
China's consumer inflation hits 5.5% as expected
Chinese consumer inflation accelerates in May to 5.5% from a year earlier, compared with April's 5.3% gain, with the result roughly in line with expectations.
Read more: China's consumer inflation hits 5.5%.
|London Fix Tue Jun 14 00:00:00 EDT 2011|
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