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Sep 5, 2012

Gerald Celente - Trends In The News - "Sub-Prime Exploitation"

GATA | THE GATA DISPATCHES -September 5, 2012-: Gata Chairman Murrphy on Russia Today / West Pushes Gold Down / Faber Considers Gold Rally and tempt Confiscation

GATA Chairman Murphy's appearance on Russia Today's 'Capital Account' posted at YouTube

7:50p ET Wednesday, September 5, 2012

GATA Chairman Bill Murphy's appearance today on the Russia Today television network's "Capital Account" program, hosted by Lauren Lyster, has been posted at YouTube here:

http://www.youtube.com/watch?v=sxVsosT3GAw


Alasdair Macleod: West pushes gold down, and right into Eastern hands

 

5:13p ET Wednesday, September 5, 2012

GoldMoney Research Director Alasdair Macleod, interviewed by the German media relations firm Cometis, says Western central banks are trying to suppress the gold price so that they may sustain their policy of negative real interest rates but that Eastern central bank purchases have put a floor under the price. The interview is translated into English at the GoldMoney Internet site here:

http://www.goldmoney.com/gold-research/newsdesk/cometis-interview-with-a...


NYT Global Update -September 5, 2012-: Far From 'Junk,' DNA Dark Matter Plays Crucial Role

The New York Times International Herald Tribune
September 5, 2012

Global Update



TOP NEWS

Far From 'Junk,' DNA Dark Matter Plays Crucial Role

By GINA KOLATA
At least four million gene switches that reside in bits of DNA once thought to be inactive turn out to play critical roles in health, researchers reported.

U.S. Will Hold Part of Afghan Prison After Handover

By CHARLIE SAVAGE and GRAHAM BOWLEY
The United States military will continue indefinitely to operate a section of the Parwan detention complex holding foreign combatants, even as the two countries prepare to mark a Sept. 10 handover.

No Movement on Key Disputes as Clinton Meets With Chinese Leaders

By STEVEN LEE MYERS and JANE PERLEZ
The United States and China sparred Wednesday over the violence in Syria and growing tensions over territorial disputes in the South China Sea.
World

Video Feature: Watching Syria's War

A video, posted after reported killings in Damascus, captured gruesome images, and the cameraman can be heard cursing President Bashar al-Assad in harsh sectarian terms.
Opinion

Op-Ed Contributor

The Truth About Obama and Israel

By HAIM SABAN
By every measure, President Obama's support for Israel's security and well-being has been rock solid.
WORLD

Key Figure in Scandal That Felled Bo Xilai Is Charged

By IAN JOHNSON and JONATHAN ANSFIELD
A once powerful Chongqing police official, Wang Lijun, is accused of defection, abuse of power and corruption, China's state media reported.

Qaddafi's Ex-Spy Chief Reportedly in Libyan Custody

By REUTERS
Mauritania extradited Muammar el-Qaddafi's former spy chief, Abdullah al-Senussi, to Libya on Wednesday, a Mauritanian government source and the Mauritanian state news agency said.

Egypt's Leader Warns Assad: 'Your Time Won't Be Long'

By DAVID D. KIRKPATRICK
A statement by President Mohamed Morsi of Egypt directed at Syria's president, Bashar al-Assad, added to regional acrimony as Syrian forces shelled the battleground city of Aleppo.
BUSINESS

Europe Prepares to Investigate Chinese Dumping of Solar Panels

By KEITH BRADSHER
The case could lead to steep tariffs on much of China's $20 billion in annual exports of solar products to Europe. China has threatened to retaliate against European wines and industrial materials.

Competitiveness Gap Widening in Europe, Study Finds

By STEPHEN CASTLE
A World Economic Forum survey of 144 countries noted that a growing north-south divide was one of the factors at the heart of the continuing euro zone crisis.

Wall Street Flat in Choppy Trading

By REUTERS
Investors awaited clarity on media reports that the European Central Bank would, with broad support from its council members, unveil an unlimited, sterilized program of bond purchases.
TECHNOLOGY

Facebook Moves to Aid Its Shares

By SOMINI SENGUPTA
The chief executive, Mark Zuckerberg, aimed to instill confidence in Wall Street by saying he would hold on to his shares and options longer and allow his employees to start selling their shares sooner.
Bits Blog

Hackers Claim to Have 12 Million Apple Device Records

By NICOLE PERLROTH
AntiSec, a subset of the loose hacking collective known as Anonymous, claims to have obtained the records by hacking into the laptop of a Federal Bureau of Investigation agent.

As a Taxi-Hailing App Comes to New York, Its Legality Is Questioned

By MATT FLEGENHEIMER and BRIAN X. CHEN
The app's creators plan to introduce it on Wednesday, but taxi officials say the program may have a significant problem: city rules do not allow prearranged rides in yellow taxis.
SPORTS

Drogba Bringing Excitement and Controversy to Chinese Soccer

By ADAM CENTURY
The former Chelsea star Didier Drogba has been a sensation for Shanghai Shenhua, but some say money would have been better spent nurturing domestic talent.

A New First for Top-Ranked Azarenka

By LYNN ZINSER
Top-seeded Victoria Azarenka outlasted Sam Stosur in a third-set tiebreaker on Tuesday and moved on to play Maria Sharapova or Marion Bartoli in the semifinals.

Liverpool Owner Strikes Chord With Fans for His Comments

By ROB HUGHES
Liverpool's new American owner has assured fans that, despite the miserable start to the season, "the club is healthier today than when we took over." Healthier in what way?
U.S. NEWS

Joe Frazier Wins Belated Embrace as Philadelphia Starts a Fight

By RAY RIVERA
A year after Mr. Frazier's death, a movement has taken off to cement the boxer's legacy in his adopted city.

Critics Say California Law Hurts Effort to Add Jobs

By IAN LOVETT
With high unemployment in California, environmentalists and politicians see the need to overhaul the state's landmark environmental law, which can delay even green projects.

Nearly 800 Firefighters Battle Blaze in National Forest in Southern California

By IAN LOVETT
With hot, dry conditions continuing, officials said they did not expect to fully contain the fire for at least another week.
OPINION
Op-Ed Contributor

Old Time Religion, in the French Manner

By ROBERT ZARETSKY
The call for moral instruction in French schools springs from an unlikely source, and reopens an old debate.
Op-Ed Columnist

It's Mitt's World

By THOMAS L. FRIEDMAN
The world has become more interdependent, and this new reality requires a new kind of American leadership.
Op-Ed Contributor

Is the Energy Boom a Mirage?

By STEVE A. YETIV
The oil and natural gas boom might distract us from the urgent challenge of climate change.

The Trade: Pruning Hedge Fund Regulation Without Cultivating Better Rules: DealBook | DealB%K Afternoon Edition -September 5, 2012-.



Wednesday, September 5, 2012
 
TOP STORY
Pruning Hedge Fund Regulation Without Cultivating Better Rules
The Trade: Pruning Hedge Fund Regulation Without Cultivating Better Rules The Securities and Exchange Commission has proposed rules to lift advertising restrictions for hedge funds, but Jesse Eisinger of ProPublica says that the way this looks on paper and the way it will play out in the real world are a tad different.
  • DEALBOOK »
  • DEALBOOK HIGHLIGHTS
    Regulators Clarify Timing of New Derivatives Rules After months of uncertainty, federal authorities now say some new derivatives rules will not take effect until Jan. 1, providing a brief -- but important -- extension to Wall Street.
    Another View: When Fairness Opinions Are Used Outside of Mergers Jill R. Goodman of Rothschild says that the growth of fairness opinions, which are used in merger deals to provide a gauge of a company's worth, in nontraditional situations is an emerging trend that deserves scrutiny.
    Revolving Door: Former Goldman Executive Joins Strategic Value Partners Stephen J. McGuinness, the former co-chief operating officer of Goldman Sachs Asset Management, has joined the investment firm Strategic Value Partners as a senior managing director.
    Survey Deems JPMorgan's Investment Bank Best Place to Work In a survey of some 3,500 Wall Street professionals, JPMorgan's investment bank was selected as the best firm to work for in North America this year, judging by quality of life and overall prestige.
    Safeway Plans I.P.O. of Gift Card Unit Shares of Safeway climbed after the supermarket chain announced plans to sell a minority stake in its fast-growing Blackhawk Network gift card business.
    Revolving Door: Greenhill Expands Capital Advisory Group The boutique investment bank Greenhill & Company has hired three people in its private capital advisory group, betting the division will become a significant source of revenue at a time when merger-related work can be scarce.
    Lord & Taylor Owner Hudson's Bay Explores I.P.O. Plans for an initial public offering in Toronto are in the works for the Hudson's Bay Company, parent of The Bay stores in Canada and Lord & Taylor in the United States, according to two people briefed on the talks.
    R.B.S. Insurance Unit to Cut 900 Jobs The Direct Line Insurance Group, owned by Royal Bank of Scotland, has announced plans to cut about 900 jobs as it looks to reduce costs ahead of an initial public offering.
    Amid Hacker Attacks, Security Start-Ups Draw Attention Accel Partners announced a big investment in Tenable Network Security, a maker of security software, as venture capital firms plow more and more money into such start-ups.
    British Soft Drink Companies in Merger Talks The British beverage company Britvic said on Wednesday that it was in talks with A.G. Barr over a potential merger worth around $2.2 billion, a deal that would create one of Europe's largest soft drink companies.
    3M and Avery Dennison 'Committed' to Deal Despite Antitrust Issue After the Justice Department balked at 3M's $550 million acquisition of a unit of Avery Dennison, the companies said they would seek to appease antitrust concerns.
    ING Group to Sell Stake in Capital One The Dutch financial services giant ING Group plans to sell its 9 percent stake in Capital One in a deal that could be worth around $3 billion.
    LOOKING AHEAD
    Economic Reports The data released on Thursday will include revised second-quarter productivity, Automatic Data Processing employment for August, weekly jobless claims, and the I.S.M. service index for August.
    In the United States Amazon.com is expected to introduce additions to its line of e-readers and tablet computers on Thursday. Negotiators for the United States and eight Pacific Rim nations will resume talks in Leesburg, Va., about protections for intellectual property.
    Overseas The European Central Bank and the Bank of England will issue interest rate decisions on Thursday. Mario Draghi, the president of the central bank, may offer details of a plan to buy the bonds of struggling countries in the euro zone. Prime Minister Mariano Rajoy of Spain will meet in Madrid with Chancellor Angela Merkel of Germany.

    DealBook Video
    Business Day Live: Bin Laden Book Release Moved Up
    Business Day Live: Bin Laden Book Release Moved Up Publishing stardom for a former Navy SEAL member. | Generating new revenue at the U.S. Open.

     
 

Poll: More describe Biden with negative terms: CBS NEWS | Political Hotsheet Top Stories -September 5, 2012-.

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Thirty-eight percent of U.S adults use words like "idiot" and "buffoon" to describe the vice president
Read full story
Poll: More describe Biden with negative terms

In Iowa, Ryan prebuts Clinton's DNC Speech The vice presidential candidate predicts Clinton record will cast stain on Obama

Poll: 1 in 5 say Eastwood was highlight of RNC New poll shows Mitt Romney shared top billing with "surprise" guest Clint Eastwood at the RNC

Lightning threat forces Obama to change convention plans Democrats are moving Obama's convention speech to a much smaller venue because of the threat of storms

Pro-GOP ad goes after Obama's In new ad, super PAC questions whether Obama isn't actually taking the country "backward"

Dow industrials edge up ahead of ECB: Stocks and Markets in the News | Wall Street at Close Report - MarketWatch September 5, 2012.

By Kate Gibson, MarketWatch 

NEW YORK (MarketWatch) — The Dow industrials finished slightly higher Wednesday, with Wall Street unwilling to make major moves ahead of a European Central Bank meeting the next day. 

“The pattern has been, especially in Europe, that doing something is a heck of a lot better than doing nothing. They’ve stated their intentions clearly and now it’s time to act,” said Alan Skrainka, chief investment officer at Cornerstone Wealth Management in Des Peres, Mo. 

 
The ECB “almost has to act tomorrow,” John Canally, investment strategist at LPL Financial in Boston, said of the market’s raised expectations. 

Trading in a narrow range, the Dow Jones Industrial Average DJIA +0.09%  rose 11.54 points, or 0.1%, to close at 13,047.48.
The S&P 500 index SPX -0.11%  declined by 1.5 points, or 0.1%, to 1,403.44, with utilities hardest hit and materials the best performer among its 10 industry groups.
S&P 500 component FedEx Corp. FDX -1.99% , viewed as an economic bellwether because it ships goods around the globe, saw its stock slide 2% after it cut its profit outlook. Read an analysis on FedEx.
In the Nasdaq Composite, Facebook Inc. FB +0.11%  shares gained 4.8% after CEO Mark Zuckerberg said he would not sell his holdings for at least another year. Read analysis of Zuckerberg's decision.
The Nasdaq Composite COMP -0.19%  retreated 5.79 points, or 0.2%, to finish at 3,069.27.
Decliners edged ahead of advancers on the New York Stock Exchange, where nearly 676 million shares traded and composite volume reached almost 3.4 billion.

ECB: no comment

The U.S. dollar DXY -0.15%  fell against rival currencies including the euro EURUSD +0.02% . Treasury prices fell, with the yield on the benchmark 10-year note 10_YEAR -0.25%  at 1.59%. Read more about bonds.
Oil futures CLV2 +0.76%  finished at $95.36 a barrel, up 6 cents, or 0.1%. Gold for December delivery GCZ2 -0.02%  lost $2, or 0.1%, to $1,694 on ounce. Read more on gold.
Ahead of the open, stock index futures had cut their losses after Bloomberg News reported that ECB President Mario Draghi’s bond-buying program would involve unlimited purchases of government debt that would be sterilized to appease worries about inflation. Sterilization refers to the process of draining liquidity from a financial system to offset additions to the money supply from measures such as purchasing bonds. Read more on why the euro rose on a report of a planned ECB ‘sterilization’ program.



Volatility storm on the horizon Dow Jones FX Trader's Michael Casey takes a seat on Mean Street and points out after a rather quiet summer, a volatility storm could be on the horizon for markets, facing a week's worth of market-moving news. Photo: Reuters. 


The ECB “is going to buy bonds in a big way; they are going to try to contain the crisis in Spain and Italy by buying their bonds,” said Skrainka at Cornerstone Wealth Management. Read more on Skrainka's comments. 
 
A spokesman said the central bank had no comment on the Bloomberg report, and pointed to an Aug. 20 statement after a report in a German news magazine that the ECB was considering setting a cap on bond yields. It called a story reporting on decisions that had yet to be made“absolutely misleading.”
Investors offered limited reaction to a morning report on U.S. productivity, which rose more than first estimated for the second quarter. Read story U.S. productivity. 
 
“Today is more about Europe than the data,” LPL Financial’s Canally said. 

Kate Gibson is a reporter for MarketWatch, based in New York.

Money Show Investors Daily Alert -September 5, 2012-:: Xylem Knows Where the Profit Flows Assessing China's Economy

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Jim Jubak on MoneyShow.com

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Investment keeps Evergreen Line on track; New marine terminal for pellet producer; TripAdvisor : BIV Today's Business News -September 5, 2012-.




Transportation

Evergreen Line

Government investment keeps Evergreen Line construction on track

The provincial government has released another tender for work that will lay the groundwork for major construction of the Evergreen Line.

Ports and Shipping

 

Wood pellet producer gets green light for new marine terminal

Pinnacle Renewable Energy has been granted approval by the Prince Rupert Port Authority to build a $42 million marine terminal to ship wood pellets overseas.

Hospitality and Tourism

 

Vancouver hotel gets huge ROI on TripAdvisor

A new study shows L'Hermitage Hotel in Vancouver is getting a $64 return for every dollar it spends on a business listing through TripAdvisor, a user generated travel review site.

Economy and Finance

 

Two-thirds of Canadians prepared for a rainy day

More Canadians feel prepared to handle a financial emergency in 2012 compared with last year – but 25% would not be able to last longer than three months on their contingency savings, according to a BMO survey released today.
 

Norsat and Energold lauded for international business success

Two local companies have been named finalists in HSBC Bank Canada's Business without Borders HSBC International Business Awards, which celebrate the best of Canadian companies doing business internationally.

Technology

 

BCIC announces New Ventures Competition finalists

A company that uses pheromones to fight bedbugs and a startup that lets anyone create a comic strip online are among this year's finalists in the BC Innovation Council's annual New Ventures BC competition.