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Jul 3, 2012

GATA | THE GATA DISPATCH: 'Massive short-covering rally' likely in silver, GGR's Arensberg says

'Massive short-covering rally' likely in silver, GGR's Arensberg says

8:20a ICT Wednesday, July 4, 2012

Analyzing futures trading data and finding the big commercial traders the least short in silver in a decade, Gene Arensberg of the Got Gold Report expects a "massive short-covering rally." Arensberg's commentary is a 27-minute video presentation here:

http://www.gotgoldreport.com/2012/07/comex-silver-futures-skewed-short-p...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

NYT Global Update | Top News: Syria's Assad Expresses Regret for Shooting of Turkish Warplane

Global Update





TOP NEWS

Pakistan Opens NATO Supply Line as Clinton Apologizes

By ERIC SCHMITT
The secretary of state on Tuesday said for the first time "we are sorry" for the deaths of Pakistani soldiers in a November airstrike, and she said Pakistan would waive extra truck fees for supplies to Afghanistan.
DealBook

Barclays Tries to Stem Fallout as Chief Executive Resigns

By MARK SCOTT
Robert E. Diamond Jr. resigned on Tuesday, less than a week after the British bank agreed to pay $450 million to settle accusations that it had tried to manipulate key interest rates to benefit its own bottom line.

Syria's Assad Expresses Regret for Shooting of Turkish Warplane

By ALAN COWELL and SEBNEM ARSU
As his government's human rights record came under renewed criticism on Tuesday, President Bashar al-Assad of Syria sought to ease mounting regional tension, saying his gunners believed the jet was Israeli.
World

Video Feature: Watching Syria's War

The Times is tracking the human toll in Syria through an examination of the pictures and video, mostly by amateurs, that document the violence.
Opinion

Latitude

A Liberal Arts Education, Made in China

By ERIC ABRAHAMSEN
If China's education system is really going to be transformed, it will have to develop students' individual spirit.
WORLD

50 Killed in Iraq by Truck Bombs, Explosives and Gunfire

By TIM ARANGO
Two of the attacks took place in outdoor food markets, and the variety of methods used has exacerbated a sense of fatalism in the country where there has been an upsurge of violence.

U.S. Adds Forces in Persian Gulf, a Signal to Iran

By THOM SHANKER, ERIC SCHMITT and DAVID E. SANGER
The United States' quiet military buildup in the Strait of Hormuz, in response to Iranian threats to disrupt sea traffic, carries risks of confrontation.

Iran's President Says New Sanctions Are Toughest Yet

By THOMAS ERDBRINK and RICK GLADSTONE
It was the first acknowledgment by President Mahmoud Ahmadinejad of the severity of the new sanctions, but he said they would not change Iran's position in a nuclear dispute.
BUSINESS
DealBook

Diamond's American Flair Became a Liability for Barclays

By LANDON THOMAS JR. and MARK SCOTT
The rise and fall of Robert E. Diamond Jr., the chief of Barclays closely tracks the City of London's complicated history with Wall Street's risky ways.
DealBook

What's Next After the Barclays Settlement

By PETER J. HENNING
For the other banks in the Libor investigation, the Barclays settlement provides a template for the type of cooperation the Justice Department expects, and the range of monetary penalties they may have to pay.

U.S. Car Sales Climbed in June

By BILL VLASIC
General Motors and Chrysler reported double-digit sales of new vehicles, while Ford's rose 7 percent. Toyota sales were up 60 percent.
TECHNOLOGY

Doing Apps and Start-Ups While Still in High School

By QUENTIN HARDY
The Paly Entrepreneurs Club in Palo Alto, Calif., meets to discuss members' ventures and ideas and to explore matters like money-raising and new markets.

Megaupload Founder Goes From Arrest to Cult Hero

By JONATHAN HUTCHISON
While Kim Dotcom's lawyers have been making steady progress in court, Mr. Dotcom has been gaining the public's favor in New Zealand.
DealBook

Microsoft Takes Write-Down in Failed Digital Ad Foray

By QUENTIN HARDY and MICHAEL J. DE LA MERCED
With a $6.2 billion accounting charge, Microsoft is essentially writing off the value of the aQuantive advertising business it purchased five years ago.
SPORTS

Room for Only One Twin at Retooled Manchester United

By ROB HUGHES
Fabio and Rafael da Silva have played together since they were youths, but they won't next season after United loaned Fabio to Queens Park Rangers.

Bosnian Power Forward Agrees to Deal With Nets

By HOWARD BECK
Mirza Teletovic, who averaged 22 points and 6 rebounds in Euroleague play last season, is said to have agreed to a three-year, $15 million contract.

Serena Williams Knocks Out Defending Champion

By BEN SHPIGEL
Williams, seeking a fifth Wimbledon singles title, defeated Petra Kvitova, 6-2, 7-5, to advance to the semifinals.
U.S. NEWS

Poor Land in Jail as Companies Add Huge Fees for Probation

By ETHAN BRONNER
In an effort to improve revenue, courts are turning to businesses that specialize in collections, resulting in costs that can reach thousands of dollars for a minor traffic offense.

Quick At-Home H.I.V. Test Wins Federal Approval

By DONALD G. McNEIL Jr.
The test, called OraQuick, uses a cheek swab and gives results in 20 to 40 minutes.
Temperature Rising

A Climate Scientist Battles Time and Mortality

By JUSTIN GILLIS
Lonnie G. Thompson, one of the scientists who essentially discovered global warming, has for years climbed mountains to gather ice he examines for climatic changes.
OPINION
Op-Ed Contributor

China's Numbers Game

By QIAO YU
Chinese officials must give honest accounts of their official expenses.
Op-Ed Contributor

Ode to a Fourth of July Past

By ALAN STERNBERG
The rain destroyed the construction-paper replicas of the Statue of Liberty and soaked everyone and everything.
Latitude

A History of Mob Violence

By GRAEME WOOD
Natasha Smith says that the group sexual assault she suffered on Tahrir Square hasn't dimmed her affection for Egypt. This is generosity to a fault.

CBS NEWS | Political Hotsheet Afternoon Edition: When Andy Griffith came to Washington


The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
The fictional sheriff was awarded the highest civilian honor, the Medal of Freedom, in 2005
Read full story
When Andy Griffith came to Washington

Jonathan Krohn, conservative wunderkind, shifts left Krohn was held up as a conservative political prodigy at the age of 13, but now he's making headlines again at 17 for changing his views

Chris Christie: I'd consider being on GOP ticket New Jersey governor keeps the door open to being Mitt Romney's running mate

A post-Supreme Court guide to health care What the Supreme Court's decision means to you

Could Kelly Ayotte be Romney's running mate? New Hampshire senator could help Romney win over swing voters, but memories of Palin could hurt her cause

DealBook | DealB%K Afternoon Edition: White Collar Watch: What's Next After the Barclays Settlement


Tuesday, July 3, 2012
TOP STORY
White Collar Watch: What's Next After the Barclays Settlement Peter J. Henning says that for the other banks in the Libor investigation, the Barclays settlement provides a template for the type of cooperation the Justice Department expects, and the range of monetary penalties they may have to pay.
Robert E. Diamond Jr., the charismatic American behind the international expansion of the British bank Barclays, was named chief executive in 2010.
Diamond's American Flair Became a Liability for Barclays The rise and fall of Robert E. Diamond Jr., the chief of Barclays closely tracks the City of London's complicated history with Wall Street's risky ways.
What's in a Stadium Name? Often Trouble for a Company Barclays, whose name adorns a new arena in Brooklyn, seems to have fallen victim to an eerily common phenomenon of recent times: the stadium-naming curse.
Barclays Tries to Stem Fallout as Chief Executive Resigns Robert E. Diamond Jr. resigned on Tuesday, less than a week after the British bank agreed to pay $450 million to settle accusations that it had tried to manipulate key interest rates to benefit its own bottom line.
DEALBOOK HIGHLIGHTS
JPMorgan's Role in Power Market Comes Under Scrutiny JPMorgan Chase is being investigated over whether it manipulated power markets in California and the Midwest, according to a filing from the Federal Energy Regulatory Commission.
LOOKING AHEAD
Economic Reports Data released on Thursday will include the ADP employment report for June; weekly jobless claims; the retailers' report on sales for June; and the ISM service index for June.
In the United States Financial markets, government offices and most businesses will be closed in the United States on Wednesday in observance of the Fourth of July holiday. DealBook's morning and afternoon e-mails will also be taking the day off, but will return on Thursday.
International Chancellor Angela Merkel of Germany will meet with Prime Minister Mario Monti of Italy in Rome on Wednesday.
DealBook Video
Business Day Live: Glaxo to Pay $3 Billion in Fines
Business Day Live: Glaxo to Pay $3 Billion in Fines The downfall of leaders at Barclays. | Can fines deter unlawful behavior at Big Pharma? | A high school club dedicated to entrepreneurship. | Why the Weather Channel went shopping.

NYT Afternoon Business News: 'Brave' for Young Readers Who Want to Play Games, Too


Latest Business News News

'Brave' for Young Readers Who Want to Play Games, Too
RealNetworks CEO Nielsen Leaves After 8 Months
Top-Selling Cars and Trucks in the US in June

BUSINESS

U.S. Car Sales Climbed in June

By BILL VLASIC
General Motors and Chrysler reported double-digit sales of new vehicles, while Ford's rose 7 percent. Toyota sales were up 60 percent.

I.M.F. Reduces Forecast for U.S. Growth

By ANNIE LOWREY
The International Monetary Fund lowered its estimates for economic growth for 2012 and 2013, and urged policy makers to do more to help the housing sector in the United States.
Euro Watch

Political Tensions Surface Over Euro Crisis

By STEPHEN CASTLE
The president of the European Commission sharply criticized Britain for blaming its economic problems on the euro zone, and warned against efforts to divide European nations.

Stocks and Markets in the News | Wall Street at Close: U.S. stocks close higher on factory orders, MarketWatch



U.S. stocks close higher on factory orders U.S. equity markets gain on day led by energy and materials stocks, boosted by higher commodities prices and a report showing a surprisingly strong rise in factory orders in May. 3:42 p.m. Today

MarketWatch | Personal Finance Daily: IMF urges U.S. lawmakers to remove ‘fiscal cliff’



By MarketWatch
Don’t miss these top stories:
Got travel plans? Don’t miss Kristen Gerencher’s story today on how to make sure you’re covered, medically speaking, should you face a health issue or an injury.
Plus, read how finding a so-called encore career—that is, switching in midcareer or later to a more fulfilling job—may not be all that easy, and could cost you some money.
And don’t miss our look back at Andy Griffith’s most popular roles.
The MarketWatch Personal Finance team wishes you a Happy Fourth of July!
Andrea Coombes , Personal Finance editor

Finding health care while you’re traveling

Getting sick or hurt while on summer vacation is unfortunate enough. Don’t add insult to injury by neglecting a few health-related details that could save you money in the event you need medical treatment.
Finding health care while you’re traveling.

The hunt for encore career can be costly, lengthy

Bill Gates has one. So does Al Gore. Each man has embraced an encore career—work in later life that's personally fulfilling, contributes to the greater good and generates income. If you're considering a similar path, new research and developments point to reason for concern—and optimism.
The hunt for encore career can be costly, lengthy.

Andy Griffith’s most popular roles

Andy Griffith’s career spanned movies, TV and music. Here’s a look at some of his most popular roles.
Andy Griffith’s most popular roles.

Andy Griffith: Americana’s anti-Don Draper

Good TV never goes out of style — in any era, writes media columnist Jon Friedman.
Andy Griffith: Americana’s anti-Don Draper.

ECONOMY & POLITICS

Can falling prices boost economic growth?

The weakening economy has brought with it falling prices — and this may not necessarily be a bad thing, writes Irwin Kellner.
Can falling prices boost economic growth?

IMF urges U.S. lawmakers to remove ‘fiscal cliff’

Failure to avoid the fiscal cliff could slash U.S. growth to under a 1% annual rate and risk harming the global economy, the IMF said in a report.
IMF urges U.S. lawmakers to remove ‘fiscal cliff.’
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BIV Today's Business News: Skookum ROR power projects reaches key milestone





Mining and Energy

Skookum ROR power projects reaches key milestone

A $92 million run-of-river power plant on Skookum Creek near Squamish has reached a key milestone in receiving a conditional water licence from the provincial government.

Forestry

 

Haida buy tree farm licence from Western Forest Products

Richmond-based Western Forest Products Inc. has sold one of its tree farm licences on Haida Gwaii to Haida business group Haida Enterprises Corp. for $12.2 million.

Politics and Policy

   

B.C. releases first annual red tape report

The B.C. government is the first Canadian jurisdiction to release an annual report on regulatory reform.

Economy and Finance

Canadian IPO market still struggling: PwC

The Canadian market for initial public offerings (IPOs) struggled in 2012’s second quarter, with just two new issues on the Toronto Stock Exchange (TSX), according to a new PwC report.

Law

   

Great Canadian Gaming to pay $11m to settle dispute

Richmond-based Great Canadian Gaming Corp. (TSX:GC) has announced that it has settled a long-standing dispute with a former Ontario-based consultant for $11 million.

Sports and Leisure

YYoga to open mega studio at Telus Garden

Vancouver’s YYoga will open a new 20,000-square-foot studio that will feature hot yoga rooms, a fitness centre, a 20-metre outdoor pool, hot tub and outdoor terrace.