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Mar 16, 2012

Actualidad RT: En Chile reviven una ley de la dictadura para castigar a los manifestantes

Gerald Celente celebrating 30 years of phenomenal forecasting. Why Should I be Angry

GATA | THE GATA DISPATCHES: Intervention will be reduce to a blip on a chart / Financial and Political Represion / Indian Government once again raises tax on gold import..

Intervention will be reduced to 'a blip on a chart,' von Greyerz says

1:10p ET Friday, March 16, 2012
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz tells King World News today that long-term fundamentals -- particularly the diminishing utility of debt -- will be carrying the gold price upward just as a growing number of investors will be pushed into gold for wealth preservation. Recent government intervention against the monetary metals, von Greyerz says, will come to be no more than "a blip on a chart." An excerpt from the interview is posted at the King World News blog here:

Hinde Capital's Ben Davies on financial and political repression

 11:42a ET Friday, March 16, 2012

The German Internet site Metallwoche this week interviewed Hinde Capital CEO Ben Davies, who spoke at GATA's Gold Rush 2011 conference in London last August, and the discussion heavily involved "financial repression" -- government market rigging -- and its associated political repression. Full text and audio of the interview are posted at Metallwoche here:

Indian government again raises tax on gold imports to swat people into line

The essence of this is that the Indian people want gold to be their money and the Indian government doesn't want to let them have it because gold as money restricts government power.

India Raises Gold-Import Tax for Second Time; Prices Drop
By Pratik Parija and Prabhudatta Mishra

Bloomberg News
Friday, March 16, 2012
NEW DELHI -- India, the world's biggest bullion buyer, increased the tax on gold imports for the second time this year after record purchases widened the current-account deficit. Gold for immediately delivery fell.

The government will tax gold bars and coins and platinum at 4 percent, Pranab Mukherjee, finance minister, said in his budget speech for the year starting April 1. That's up from 2 percent set in January. There was no change on the silver tax.

India doubled the tax on gold and silver on Jan. 17 by imposing a levy on imports as a percentage of the price, compared with the previous system of tax by weight. Global bullion prices rallied for an 11th year in 2011 as purchases by India peaked at 969 metric tons. Futures in India gained 32 percent last year, exceeding the 10 percent advance in global prices, as the currency slumped to a record low.

 "The Indian market will wait for lower prices and there is also the risk that this duty hike will lead to increased smuggling," Edel Tully, an analyst at UBS AG in London, said by e-mail today, in response to questions from Bloomberg News. "Today's duty increase will dampen Indian demand."

Gold for immediate delivery fell 0.6 percent to $1,647.88 an ounce at 12:54 p.m. in London.
The import duty on so-called non-standard gold doubled to 10 percent and the levy on ore, concentrates, and so-called dore bars doubles to 2 percent, Mukherjee said in his speech.

"One of the primary drivers of the current-account deficit has been the growth of almost 50 percent in imports of gold and other precious metals in the first three quarters of this year," said Mukherjee. "I have been advised to strengthen the steps already taken to check this trend."
The excise tax on refined gold climbs to 3 percent from 1.5 percent and the government will also levy a 1 percent excise duty on non-branded gold jewelry, the minister said. Jewelry purchases in excess of 200,000 rupees will attract a 1 percent tax from July 1, he said.
"The demand will reduce in the short-term," said N. Balaji, general manager at MMTC Ltd., the country's biggest gold importer. "As people in India like to invest in gold as a safe investment for longer term, people will accept this hike after some time," he said by phone from New Delhi.
Imports may drop to $38 billion in the year starting from April 1 from $58 billion this year, Chakravarthy Rangarajan, chairman of the Prime Minister's Economic Advisory Council, said in a report last month. Consumption fell 7 percent to 933.4 tons in 2011 as the currency plunged, cooling purchases for festivals and marriages, according to the World Gold Council.

"The fundamental reasons for buying gold jewelry are unchanged," said Ajay Mitra, managing director for Middle East and India at the World Gold Council. "They are rooted in Indian culture and weddings. Investment demand is driven by the need to protect against inflation, ease of liquidity, and the increasing use of gold as a monetized asset to secure loans."
The increase in tax was more than expected by the industry and imports will not be affected, said Mehul Choksi, chairman of Gitanjali Gems Ltd. (GITG) Imports plunged 44 percent in the fourth quarter to 157 tons as jewelry demand slumped 44 percent to 103 tons and investment demand declined 38 percent to 70 tons, the council said on Feb. 16.

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Parallels Desktop for Upgrading to Windows 7
Parallels Desktop for Upgrading to Windows 7
Parallels Desktop for Upgrading to Windows 7 is the only complete solution that allows you to move all your programs, files, user settings and media to Windows 7 simply, safely and successfully.

From the Desk of Nick Nicolaas | Mining Interactive website Tasman - The Strategist Report: Buy Tasman before Norra Karr PEA Next Week

March 16, 2012

TSXv - TSM; Frankfurt - T61 (WKN A0Y GN1); NYSE-AMEX - TAS

“Buy Tasman before the Norra Karr PEA Next Week”


Founded in September 2009 by Jon Christian Evensen, The Strategist Newsletter is a monthly market newsletter that focuses on the market through a quantitative, psychological, and fundamental lens in addition to providing fundamental research on natural resource sector companies.
Dear Fernando:
The Strategist, Mr. Jon Christian Evensen has done an excellent job analyzing Tasman’s Norra Karr Heavy Rare Earth (HREE) project in Sweden.

I am confident that you will relish the arms-length Report of Norra Karr.

Stay Tuned - - - for the next Chapter in the Tasman Metals Rare Earth Story!!!

Regards from Vancouver,

Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:

REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides
Strategic Metals, Including Rare Earth Elements and their common usage:
tasman learn more about ree from tasman metals
Stay tuned for the most recent updates on Tasman Metals and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058

Stocks and Markets in the News | Tech Daily Stocks - MarketWatch: Tech Stocks: Tech stocks close day with mixed results


Tech Daily
MARCH 16, 2012

Tech Stocks: Tech stocks close day with mixed results
3/16/2012 4:37 PM ET
Apple takes day's spotlight with release of newest version of the iPad
Tech Stocks: Apple pulls back from $600, but most techs gain
3/15/2012 4:33 PM ET
Cisco slips into the red after announcing $5 billion acquisition for cable TV technology company NDS Group.
Tech Stocks: Apple, Micron, Dell lead mixed day for tech stocks
3/14/2012 4:59 PM ET
Few gainers emerge as decliners weigh down the sector into the close.
Canadian Markets: Canadian stocks extend gains on BCE-Astral deal
3/16/2012 5:57 PM ET
Stocks push higher in Toronto, extending gains from Thursday against the backdrop of a high-profile deal involving BCE and Astral.
After Hours: Research In Motion slightly higher after hours
3/16/2012 5:39 PM ET
Research In Motion shares move slightly higher, extending dayside gains likely fueled by speculation about the future of the BlackBerry maker.
Stocks to Watch: Stocks to Watch Monday: Dole, Adobe
3/16/2012 5:31 PM ET
Dole Food Co., Getty Realty Corp. and Cache Inc. are among the stocks that could see active trading on Monday.
Apple launches new iPad, with high expectations
3/16/2012 5:18 PM ET
Customers line up on to get their hands on the newest iPad. In the meantime, Wall Street has been pumping up its estimates for Apple, pushing the stock toward a new milestone of $600.
John Dvorak's Second Opinion: Buyout candidates for TV over the Internet
3/16/2012 4:50 PM ET
There is no doubt that this is the broadcast medium of the future, writes John C. Dvorak, but making it seamless and efficient is not easy.
Market Snapshot: U.S. stock indexes end 2.4% up for week
3/16/2012 4:43 PM ET
U.S. stocks mostly declined Friday, limiting weekly gains and halting the Dow's longest up ride in more than a year, after an index of consumer confidence unexpectedly fell in March.
Movers & Shakers: Friday's biggest gaining and declining stocks
3/16/2012 4:24 PM ET
MarketWatch's daily rundown of shares that made sizable moves in the U.S. stock market.
Therese Poletti's Tech Tales: Apple's run puts question to Wall Street
3/16/2012 1:47 PM ET
The recent run-up on Apple has put the stock past many of Wall Street's price targets, but don't expect many analysts to stick their necks out by downgrading the shares ahead of what many expect to be a big year.
Latin American Markets: Mexico stocks eye weekly rise; key rate on hold
3/16/2012 1:12 PM ET
Mexican stocks edge higher with monetary policy makers citing a better outlook for economic expansion and inflation as reasons to leave the key interest rate unchanged.
Due Diligence: Micron on a tear despite numerous setbacks
3/16/2012 12:53 PM ET
Maker of memory chips has seen its stock surge 40% in the last three months, despite struggling with a shaky DRAM market and the tragic death of its well-regarded CEO. Analysts see Micron emerging as a leader in the market.
Economic Report: Industrial output flat in February
3/16/2012 10:57 AM ET
Industrial output is unchanged in February, well below market expectations of a 0.4% gain, the Federal Reserve reports Friday. But January production is revised up by a hefty 0.4%.
Al Lewis: Challenger thrives in challenging economy
3/16/2012 9:53 AM ET
An interview with outplacement executive and accidental economic indicator, John Challenger.
Before the Bell: U.S. consumer prices, Apple in the spotlight
3/16/2012 8:41 AM ET
Ahead of the opening bell, investors are taking in the latest U.S. economic data releases, including on consumer price inflation, as well as keeping an eye on Apple, which released the latest version of its iPad.
Asia Markets: Asia markets mostly down; Shanghai, Tokyo rise
3/16/2012 4:42 AM ET
Japanese stocks rise narrowly to clinch a sixth straight week of gains as technology firms advance on the back of an extended rally on Wall Street, while Chinese shares rebound on bargain buying after two days of losses.
Weekend Investor: How $100-plus oil can prime your portfolio
3/16/2012 12:01 AM ET
Many stock-market strategists believe the energy sector will be among the best places to invest this year. With oil topping $100 a barrel, investors have a deep well of possibilities.
Stocks to Watch: Stocks to Watch Friday: New York & Co.
3/15/2012 6:31 PM ET
Shares of New York & Co. and Scholastic Corp. are among the stocks that could see active trading on Friday.
After Hours: New York & Co. gains ground after hours
3/15/2012 5:01 PM ET
The clothing retailer swings to a narrower-than-expected quarterly loss, and shares gain ground in low volume.
Canadian Markets: Canadian stocks recover as consumer staples lead
3/15/2012 4:46 PM ET
Canadian stocks recovered on Thursday, aided by consumer staple shares and robust economic data from the U.S.
Market Snapshot: U.S. stock rise pushes S&P 500 past 1,400
3/15/2012 4:39 PM ET
U.S. stocks rise Thursday, lifting the S&P 500 index past 1,400 for the first time since June 2008, after another round of strong reports on jobless claims and manufacturing
Movers & Shakers: Thursday's biggest gaining & declining stocks
3/15/2012 4:33 PM ET
MarketWatch's daily rundown of shares that made sizeable moves in the U.S. stock market.
Cisco buying NDS for $5 billion in big video move
3/15/2012 4:26 PM ET
Cisco Systems agrees to acquire the U.K. software and services company geared to pay-TV operators for $5 billion, including assumption of debt.
Futures Movers: Oil closes off low; U.S. chills release talk
3/15/2012 3:57 PM ET
Crude-oil futures fall, but finishes off the session's low after the White House denies it had discussed a possible release of emergency oil reserves with the United Kingdom.
Rex On Techs: How ‘material' is Dell's deal for SonicWall?
3/15/2012 1:34 PM ET
PC maker's reported $1 billion-plus acquisition raises question of how much a company disclose to shareholders about what it does with its money, writes Rex Crum.
London Markets: Oil stocks weigh as FTSE 100 ends lower
3/15/2012 1:24 PM ET
Britain's benchmark stock index pares losses but ends in the red on Thursday, as heavily weighted oil stocks settle lower.
Israel Stocks: Israel's Nova helps ensure chips do their best
3/15/2012 12:52 PM ET
How small is small and how accurate is accurate? Israel's Nova Measuring Instruments will tell you — and securities analysts say its stock price might yet get bigger.
Radvision agrees to $11.85-share bid by Avaya
3/15/2012 7:02 AM ET
Radvision Ltd., the Tel Aviv producer of videoconferencing equipment, agreed to be acquired by Avaya Inc. for $11.85 a share cash, or $230 million.
Asia Markets: Asia stocks end mostly lower; Tokyo up on weak yen
3/15/2012 4:41 AM ET
Most Asian stocks fall, with Chinese property developers and many of the region's commodity producers declining on worries Beijing may not relax a policy aimed at cooling the housing market.
ETF Adviser: 5 ways investors can beat the retirement bandits
3/15/2012 12:01 AM ET
Millions of Americans have worked hard for a lifetime and somehow tucked away enough money to take care of their retirement. Yet because of demography, taxes and debt, their nest egg may not get the job done, writes Steve Beck.
Therese Poletti's Tech Tales: Memories of the first Nasdaq 3000 in 1999
3/15/2012 12:01 AM ET
As the Nasdaq hits 3000, it might be useful to walk down memory lane and look at the tech world over a decade ago, writes Therese Poletti.
Medical device merger boom here: analyst
3/14/2012 9:44 PM ET
Hundreds of small-cap medical device companies are likely to get gobbled up in coming years as margin pressures hit the industry, analyst says.
IPO Report: Three firms set IPO deal price
3/14/2012 7:37 PM ET
Demandware, M/A-Com and Allison Transmission all price IPO deals late Wednesday, with trades expected to begin Thursday morning.
MarketWatch First Take: Yahoo investor needs to show a game plan
3/14/2012 7:26 PM ET
Dissident Yahoo investor Daniel Loeb said he plans a proxy fight against the Internet pioneer, but he might have better sway if he discussed a game plan.
Investor to Yahoo: Prepare for war
3/14/2012 5:49 PM ET
Investor activist Daniel Loeb of Third Point Management says its ready to wage a proxy battle against the Yahoo board, accusing it of ‘stonewalling, insouciance.'
Stocks to Watch: Stocks to Watch Thursday: Guess, Ross
3/14/2012 5:18 PM ET
Guess Inc., Capital One Financial Corp. and Ross Stores Inc. are among the stocks that could see active trading on Thursday.
Movers & Shakers: Wednesday's biggest gaining and declining stocks
3/14/2012 5:13 PM ET
MarketWatch's daily rundown of shares making sizable moves in the U.S. stock market.
Market Snapshot: Dow logs sixth session win; S&P 500 ends lower
3/14/2012 4:48 PM ET
U.S. blue-chip stocks finish higher Wednesday, with the Dow extending its winning streak to a sixth session. Stress tests for the nation's biggest banks showed largely positive results, but some analysts say the equities market is overbought.
Energy Stocks: Halliburton, Consol lead energy stock retreat
3/14/2012 4:47 PM ET
Chevron and Anadarko draw positive analyst comments, as the sector pauses following Tuesday's gains.
The Ratings Game: Micron Tech rises on Bernstein upgrade
3/14/2012 4:20 PM ET
An analyst's upgrade cites the chipmaker's position in the still unfolding shift in the DRAM semiconductor market.
LSI stock soars on improved outlook
3/14/2012 4:08 PM ET
The chip maker sees its shares rise after raising its revenue outlook, citing stronger demand than expected for hard drives.
Latin American Markets: Mexican shares fall, Brazilian stocks turn lower
3/14/2012 2:25 PM ET
Mexican stocks fall Wednesday, giving back a portion of gains in the previous session that were fueled by brighter economic figures, and Brazilian stocks pull back a day after posting their best advance this year.
London Markets: FTSE 100 ends five-day climb; banks buck trend
3/14/2012 2:04 PM ET
Britain's benchmark stock index snaps a five-day winning streak to end moderately lower on Wednesday, as Vodafone Group PLC and miners sustain losses.
Jon Friedman's Media Web: Encyclopaedia Britannica can blame itself
3/14/2012 1:44 PM ET
The institution no longer has relevance in a Google and Wikipedia world, writes media columnist Jon Friedman
Twitter lights up with Goldman Sachs talk
3/14/2012 1:18 PM ET
Executive's resignation via op-ed in New York Times predictably ignites social-media maelstrom.
Market Extra: Apple pushes to new highs ahead of launch
3/14/2012 12:00 PM ET
Wall Street analysts have been pumping up their price targets on Apple ahead of the new iPad launch on Friday, which has helped fuel a run-up that is bring the stock closer to a new milestone of $600.
Outside the Box: The looming U.S. labor shortage
3/14/2012 8:28 AM ET
We are entering into an age where we will praise companies for destroying jobs, not creating them, writes Conor Sen.
IPad may be incremental to wireless carriers
3/14/2012 6:00 AM ET
Wireless carriers Verizon and AT&T are participating in launch of the new iPad from Apple later this week, hoping the tablet is a draw for their 4G services despite the fact that most tablet customers stick with WiFi-only devices.
Asia Markets: China stocks slump, hurt by Premier Wen's remarks
3/14/2012 4:30 AM ET
Mainland Chinese stocks suffer sharp late session pullback after Premier Wen Jiabao pours cold water on expectations Beijing may loosen policy toward the property sector.
Latin American Markets: Mexican stocks rise as local, U.S. data brighten
3/13/2012 6:47 PM ET
Mexican stocks rise Tuesday, with the market's first gain in three sessions supported by a climb in domestic industrial output figures and in monthly retail sales in the U.S., Mexico's key trading partner.
Wal-Mart unveils disc-to-digital service
3/13/2012 5:41 PM ET
In a major step that's expected to help juice movie sales, Wal-Mart, with five major studios, unveils an in-store service that would allow consumers to convert physical DVDs and Blu-ray discs to digital movies.

NYT Global Update: Karzai Sharply Criticizes U.S. Over Shooting Inquiry

Global Update


Karzai Sharply Criticizes U.S. Over Shooting Inquiry

President Hamid Karzai said he was at "the end of the rope" over what he termed a lack of cooperation in investigating the soldier accused of a rampage that killed 16 civilians.

U.S. Rebukes Afghan Jail Over Searches of Female Visitors

The United States ended financing of a Kabul prison over its invasive searches, which are seen as a sign that gains for women are vulnerable as Western influence wanes.

Despite Bold Talk on Syria, Turkey Sees Limits of Its Power

As the lethal crackdown by the Syrian government intensifies, Turkey has struggled to take concrete steps to contain the crisis unfolding on its doorstep.

Video: TimesCast

The leader of the Anglican Church announces his resignation, and more.


About the Rampage in Panjwai

Southeastern Afghanistan is a tough neighborhood and just unwelcoming enough to make the wrong kind of soldier succumb to murder.

Obama Calls Karzai and Reaffirms Withdrawal Date

The conversation came a day after President Hamid Karzai of Afghanistan insisted that American troops be confined to bases by next year.

Accused G.I. 'Snapped' Under Strain, Official Says

The American staff sergeant suspected of killing 16 Afghan villagers had been drinking alcohol and suffering from stress tied to his fourth combat tour, a senior official said.

Karzai Calls on U.S. to Pull Back as Taliban Cancel Talks

Prospects for an orderly NATO withdrawal from Afghanistan suffered two setbacks as President Hamid Karzai demanded limits on United States troops and the Taliban halted peace talks.

Putin's Big Promises Need Fueling by High Oil Prices

During his presidential campaign, Vladimir Putin promised a large increase in government spending, but he needs the highest oil prices ever to help pay for his promises.

A New 'Mr. Euro'? Let the Horsetrading Begin

The head of the Eurogroup of finance ministers is just one policymaking post coming up for grabs soon.

Markets Move Sideways on Consumer Price Data

Stocks on Wall Street were little changed all day, even after the government reported that the core consumer inflation rate stayed mild in February.

Defendant in Rutgers Spying Case Guilty of Hate Crimes

A jury on Friday convicted Dharun Ravi, a former Rutgers University student, of hate crimes and other charges for using a webcam to spy on his roommate kissing another man.

The Computer's Next Conquest: Crossword Puzzles

This weekend's American Crossword Puzzle Tournament in Brooklyn will have 600 of the world's best crossword players, including the digital Dr. Fill.
Media Decoder Blog

'This American Life' Retracts Episode on Apple's Suppliers in China

The show says it was misled by Mike Daisey, whose one-man show "The Agony and the Ecstasy of Steve Jobs" was the basis of a program shown in January. Mr. Daisey responded, "I stand by my work."

Mervyn Davies, Welsh Rugby Star, Dies

Mervyn Davies, the Welsh rugby player who died Friday at the age of 65, redefined the Number 8 position while leading his country to years of excellence.
Special Report: Formula One

What's in a Formula One Name?

Clearly, in a sport where ownership and names change often, the answer depends on how racing history is interpreted.

Formula One Fine-Tunes Rules to Keep Up With the Sport

As teams endlessly find loopholes in elite racing's extensive regulations, officials try to close them and clarify interpretations to maintain safety and competition.

A Meter So Expensive, It Creates Parking Spots

A program using new technology and flexible pricing based on supply and demand appears to have made finding a parking space easier in parts of San Francisco.

G.O.P. Strategy for Hispanic Voters: It's the Economy

In swing states like Colorado, Republicans are using concerns about the sluggish recovery to appeal to Hispanic voters, long a solid part of the Democratic base.

To Address Divorce Refusal, Orthodox Jews Look to Prenuptial Contracts

In traditional Judaism, a husband may withhold a divorce. The women are considered agunot, or "chained wives."
Op-Ed Contributor

Those Were the Books

Every year was a banner year for World Book because it was a banner world then.
Op-Ed Contributor

Peace Must Not Be the Victim of International Justice

The International Criminal Court's efforts to deliver justice can inadvertently block the path to peace.
Patrick Chappatte

United States and Afghanistan

In Afghanistan, tensions are rising between the country's citizens and Americans.

More Opinion »

Reuters - Daily Investor Update: S&P 500 ends best week since December with quiet day

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

S&P 500 ends best week since December with quiet day
NEW YORK (Reuters) - The S&P 500 closed out its best week in three months with a slim gain on Friday as investors continued to propel equities near four-year highs.
Gasoline lifts inflation, dents confidence
WASHINGTON (Reuters) - Consumer prices rose the most in 10 months in February as the cost of gasoline spiked, but there was little sign that underlying inflation pressures were building up.
CBO sees higher near-term deficits under Obama plan
WASHINGTON (Reuters) - The deficit for the next fiscal year would reach $977 billion if President Barack Obama's latest budget plan were enacted, the Congressional Budget Office said on Friday, slightly higher than the White House's own estimate.
Lawmakers urge Obama to act on China auto parts
WASHINGTON (Reuters) - A group of 188 lawmakers on Friday urged President Barack Obama to crack down on "predatory" Chinese pricing practices, which they said are threatening the auto parts industry.
Goldman reviews conflict-of-interest policies
(Reuters) - Goldman Sachs Group Inc is reviewing conflict-of-interest policies and procedures for investment bankers in light of a recent controversy over a Goldman-advised deal.
Exclusive: Saudi oil sales to U.S. jump; Iran response or just business?
NEW YORK/LONDON (Reuters) - Saudi Arabia is preparing to extend this year's unexpected jump in oil sales to the United States, adding to speculation about the response of the world's top oil exporter to sanctions against Iran and a rally in prices.
Analysis: Steelmakers eye gas to cut costs, drive exports
NEW YORK (Reuters) - America's steel industry, for decades a symbol of industrial decline, is betting on natural gas to make it more competitive against foreign producers.
Fed's Evans sees risks in 'siren calls' to hike rates
FRANKFURT (Reuters) - Despite recent "encouraging" economic news, the Federal Reserve should do even more to boost growth, or risk stagnation that could persist for a decade or more, a top Fed official said on Friday.
Fugitive hedge fund manager pleads guilty
NEW YORK (Reuters) - Hedge fund manager Brian Kim, who had appeared on CNBC television as a derivatives expert, pleaded guilty in New York state court on Friday to running a $6 million Ponzi scheme and will be sentenced to up to 15 years in prison.
Lehman gets $850 million from sale of Neuberger stake
(Reuters) - Lehman Brothers Holdings Inc received $850 million from the sale of its equity in investment management business Neuberger Berman and said the funds will be available for distribution to unsecured creditors.