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May 7, 2012

Alert: Rick Santorum endorses Mitt Romney for president The Washington Post | Politics News Alert

The Washington Post

POLITICS NEWS ALERT

In a late-night e-mail to his supporters, former presidential candidate Rick Santorum endorsed Mitt Romney, saying that "above all else, we both agree that President Obama must be defeated."

Rick Santorum endorses Mitt Romney for president


Read more at:
http://www.washingtonpost.com/politics/in-late-night-email-to-supporters-santorum-endorses-one-time-bitter-rival-romney/2012/05/07/gIQAk7LS9T_story.html

CFTC | Press Release: Joint Statement on Regulation of OTC Derivatives Markets



RELEASE: pr_osc_1


Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8

Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

May 4, 2012

Joint Statement on Regulation of OTC Derivatives Markets

TORONTO - The Ontario Securities Commission today released the following joint statement with other regulators:
Leaders and senior representatives from key authorities with responsibility for the regulation of the over-the-counter (OTC) derivatives markets in their respective jurisdictions met on May 1, 2012 in Toronto. The meeting was hosted by the Ontario Securities Commission and its Chair, Mr. Howard I. Wetston, Q.C.
The meeting included representatives from the Australian Securities and Investments Commission; Comissao de Valores Mobiliarios of Brazil; European Commission; European Securities and Markets Authority; Hong Kong Securities and Futures Commission; Japan Financial Services Agency; Ontario Securities Commission; l’Autorité des Marchés Financiers du Québec; Monetary Authority of Singapore; Swiss Financial Market Supervisory Authority; United States Commodity Futures Trading Commission; and United States Securities and Exchange Commission.
The purpose of the meeting was to provide a forum for discussion among key OTC derivatives regulators responsible for introducing rules designed to give effect to implementing new international standards relating to OTC derivatives. This is the second time the authorities met to discuss technical issues relating to their implementation efforts.
At the meeting, the authorities discussed a range of implementation issues, including: pre- and post-trade transparency, margin for uncleared derivatives, coordination of clearing mandates, access to data in trade repositories, and cross border clearing house crisis management. The participants welcomed the opportunity for continued discussion and sharing of information on implementation of OTC derivatives reform, with a view to further align regulatory requirements where possible.
The authorities committed to continue to engage in bilateral discussions as necessary in their efforts to implement new requirements for OTC derivatives.
-30-

For Media Inquiries: media_inquiries@osc.gov.on.ca
   
Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Dylan Rae
Media Relations Specialist
416-595-8934
For Investor Inquiries:
   
OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)

Last Updated: May 7, 2012

Gerald Celente Interviews: Gerald Celente - Fox and Friends - May 6, 2012

Smartcompany News and Analysis: 13 things to expect from the Federal Budget, Green manufacturer collapses, Kmart boss slams rival retailers, Lessons from Craig Thomson scandal.

smart company logo image


The big day has finally arrived and SmartCompany editor James Thomson and deputy editor Cara Waters are in chilly Canberra, set to enter the Budget lock-up to be dazzled by Treasurer Wayne Swan’s fifth Budget and his first (tiny) surplus.

Cara and James will bring you all the details and analysis from the Budget in a special email that will hit your inboxes soon after the Treasurer stands up to deliver his speech this evening.

Come back to SmartCompany at 7.30 for our full Budget coverage.

To keep you going until then, we’ve got a full Budget preview, we look at the collapse of a green products manufacturer and we take some tips from Kmart boss Guy Russo, who has slammed Australian retailers.

Economy
Federal Budget 2012: 13 things to expect
It’s the baker’s dozen of things Wayne Swan is likely, and not so likely, to spring upon Australia’s business owners in tonight’s Federal Budget. BY CARA WATERS.
Features

Retail
Ruslan Kogan: The toilet roll changer with people management challenges
He might be Australia’s newest online retail tycoon, but Ruslan Kogan is still very much involved in the day-to-day realities of running his business. BY MYRIAM ROBIN.
Features

Aunty B
I feel ready to take the plunge, but am I forgetting anything?
All the preparations have been made to start your business, but there are some important housekeeping matters you should always attend to.
Aunty B

People problems
Eve Ash
The big picture is about pursuing what you really want in life.
Ask the Experts

Franchise tips and trends
Jason Gehrke
Even a reality TV show can hold some valuable lessons for the budding entrepreneur.
Smart Blogs

Brand
Michel Hogan
If you aren’t first satisfying your customers, then the idea of WOWing them is a fantasy.
Smart Blogs

Enterprise Leadership
Dennis Roberts
In part four of this series on the Seven Stages of Business, it’s time to examine strategies for the final stages of running an enterprise.
Smart Blogs

Entrepreneur Watch
James Thomson
Australia has been given a sharp reminder that Europe’s problems – and those of the global economy – are a long way from sorted.
Entrepreneur Watch

Financial and Forex Info News | The Australian Capital Circle: Thomson report overshadows surplus


Thomson report overshadows surplus
 
Fair Work Australia's report on Craig Thomson and his former union has all but overshadowed Labor's federal budget surplus.

First off: The report found Mr Thomson used his position as Health Services Union national secretary to splurge $500,000 on prostitutes, spousal travel and high living (The Australian). The full report is here.
The FWA investigation found 156 legal and rule breaches by the MP, but Fair Work Australia will take action in the Federal Court and seek civil penalties instead of criminal charges (Fin Review). FWA official Terry Nassios estimated Mr Thomson spent more than $6000 of HSU funds on prostitutes and granted himself $103,338.70 in cash advances (West Australian). And Mr Thomson reportedly used almost $270,000 in unauthorised union funds to win the seat of Dobell for Labor (Daily Tele).  Mr Thomson maintains his innocence (statement).
It is still budget day, however, which means journalists will be "locked up" from 1.30pm for six hours to pore over the budget papers. Treasurer Wayne Swan told colleagues last night the budget would project a $1.5 billion surplus in the 2012-13 financial year (The Australian), sacrificing a bigger surplus to shield pensioners and families from cost of living increases. The government will also forecast a $2 billion surplus in 2013-14 (Read more...
 
Mumble
Peter Brent
Peter Brent
 
Elections in France and Greece
France and Greece both held national elections yesterday, and in each country the global financial crisis and its aftermath—governments’ fiscal crises—sent incumbents packing. …
 
More Peter Brent

NYT Global Update: Splintered Vote Throws Greek Politics Further Into Confusion

Global Update



TOP NEWS

Splintered Vote Throws Greek Politics Further Into Confusion

By RACHEL DONADIO
A day after Greece's two dominant parties collapsed at the polls, the leader of a center-right party said he had failed to form a coalition amid uncertainty about Greece's staying power inside the euro zone.

Austerity Faces Sharper Debate After European Elections

By ALAN COWELL and NICHOLAS KULISH
After voters in elections in France and Greece punished leaders pushing austerity, Europeans contemplated an untested political landscape shaped by demands for both austerity and growth.

U.S. Confirms Airstrike Wrongly Killed 6 in Afghan Family

By ROD NORDLAND
The strike, which was called in response to a Taliban attack in Sangin district, resulted in the deaths of a mother and five of her children.
Multimedia

Video: TimesCast

Voters turn back the top two political parties in Greece | François Hollande, a Socialist, defeats Nicolas Sarkozy in France's presidential race.
Opinion

Latitude

Showdown in Moscow

By MASHA GESSEN
I have never been more scared than I was on Sunday as I waited for my 10-year-old daughter to make it out of the anti-Putin protests.
WORLD

Amid Protests, Putin Returns to the Presidency in Russia

By ELLEN BARRY and SOPHIA KISHKOVSKY
Vladimir V. Putin took the oath of office for the third time Monday, as the police tried to stamp out protests.

Hollande Ousts Sarkozy in French Presidential Election

By STEVEN ERLANGER
François Hollande became the first Socialist president of France since 1981, but his victory over Nicolas Sarkozy will also be seen as a challenge to the policy of austerity in the euro zone.

Election Puts French Afghan Force on Notice

By ROD NORDLAND
French troops on course to leave Afghanistan by the end of this year awaited word on whether the new French president will speed up their withdrawal.
BUSINESS

Markets Are Calm After Political Shake-Up in Europe

By CHRISTINE HAUSER
Stocks were mixed Monday on Wall Street as weekend election results in Greece and France added to the uncertainty created by last week's disappointing jobs data in the United States.

Vote Against Austerity in Greece Revives Fears

By LIZ ALDERMAN
The political shift signaled by election results Sunday revived the dormant but never-dead question of whether Greece can make it on its own.

Bank Chief Steps Down as Spain Considers Rescue

By RAPHAEL MINDER
Rodrigo Rato of Bankia, Spain's largest real estate lender, is the most prominent Spanish banker to quit since the start of the European sovereign debt crisis.
TECHNOLOGY

Amazon Plans Its Next Conquest: Your Closet

By STEPHANIE CLIFFORD
Amazon.com is now using its vast resources to become a major seller of high-end clothing.

Google-Oracle Jury Reaches Impasse on Key Issue

By THE ASSOCIATED PRESS
A federal jury in San Francisco has reached an impasse on a key issue in Oracle's copyright-infringement case against Google, handing the database-software company a major setback.
DealBook

Third Point Demands Records From Yahoo's C.E.O. Search

By MICHAEL J. DE LA MERCED
Third Point sent Yahoo a request for records relating to its selecting Scott Thompson, a former eBay executive, as its chief executive, after the besieged technology company admitted that it had misstated its leader's academic credentials.
SPORTS

Decathlon History Is His in the Making

By CHRISTOPHER CLAREY
A big-leaping decathlon prodigy is hoping to reach his discipline's heights at the the London Games.

London's Games, an Island Between Beijing and Rio

By CHRISTOPHER CLAREY
The 2012 Olympics, although lacking in geopolitical oomph, do have a big-ticket project: The Olympic Park in Stratford, east London.

Juventus Is Back on Top

By THE ASSOCIATED PRESS
The club has won its first Serie A soccer title since it was relegated after the 2006 match-fixing scandal.
U.S. NEWS

Freight Train Late? Blame Chicago

By JOHN SCHWARTZ
A load of freight can make its way from Los Angeles to Chicago in 48 hours, then take 30 hours to travel across the city.

No Suspects Yet in Killing at Derby Racetrack

By SABRINA TAVERNISE
The Louisville police interviewed more people in the killing of a Guatemalan immigrant whose body was found in a barn at Churchill Downs hours after the Kentucky Derby.

Foreclosed Houses Become Homes for Indoor Marijuana Farms

By NORIMITSU ONISHI
Marijuana growers are shifting to the suburbs from rural and commercial areas, helped by a housing crisis that created a glut of affordable houses for indoor farming.
OPINION
Opinionator | Anxiety

Cycle of Fear

By TIM KREIDER
What a relief it is - on two wheels, in traffic - to break the clammy paralysis of worry and place yourself at last in real physical danger.
Op-Ed Columnist

Those Revolting Europeans

By PAUL KRUGMAN
How dare the French and Greeks reject a failed strategy!
Campaign Stops

Target Practice

By THOMAS B. EDSALL
David Axelrod, Douglas Schoen and other political strategists discuss how the strength of Mitt Romney's super PAC and the weakness of President Obama's will affect the election.