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Sep 21, 2012

GATA | THE GATA DISPATCH: -September 21, 2012-. Silver market investigation statement coming soon, Chilton tells Kitco

Silver market investigation statement coming soon, Chilton tells Kitco

10:58p ET Friday, September 21, 2012
Dear Friend of GATA and Gold:
Kitco News' Debbie Carlson reports that U.S. Commodity Futures Trading Commission member Bart Chilton said today at the Hard Assets Conference in Chicago that the commission's investigation of the silver market continues, he expects to say something about it soon, and he continues to believe that the market has been subject to illegal activity. Carlson's report is posted at Kitco here:

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

NYT Global Update -September 21, 2012- | Business: U.S. and European Regulators Approve Universal's Purchase of EMI.

The New York Times International Herald Tribune
September 21, 2012

Global Update

The Caucus

Romney Releases 2011 Tax Returns

Mitt Romney paid 14.1 percent in taxes on his 2011 investment income, his campaign said, making good Friday on Mr. Romney's promise to release his 2011 returns.

19 Reported Dead as Pakistanis Protest Muhammad Video

Violent crowds furious over an anti-Islamic video made in the United States convulsed Pakistan's largest cities, leaving more than 160 people injured in a day of government-sanctioned protests.

Iranian Dissidents Convince U.S. to Drop Terror Label

The Mujahedeen Khalq, an opposition group that mounted an extraordinary campaign to get off the State Department's list of terrorist organizations, has succeeded, officials said.

Interactive Feature: Shock Value

Does art retain the power to shock? Must artists contrive to provoke? Join the discussion with artists, critics, reporters and readers.


Romney and His Palestinian Problem

Should Mitt Romney be elected president an unlikely peace in the Israeli-Palestinian conflict would become even more unlikely.

Troop Surge in Afghanistan Ends With Little Fanfare

The milestone, which still leaves 68,000 American troops in Afghanistan, went nearly unremarked in the country, with no statement from President Hamid Karzai or the United States military commander, Gen. John R. Allen.

Israeli Soldier Killed as Attackers Breach Border With Egypt

Another soldier was seriously injured, and the Israeli military said it killed the three attackers, whom a spokesman called "well equipped."

South Korea Fires Warning Shots at Fishing Boats From North

The North's boats fled warning shots in contested waters in the Yellow Sea without casualties, the South Korean military said.

U.S. and European Regulators Approve Universal's Purchase of EMI

The regulators backed a reduced version of the Universal Music Group's $1.9 billion takeover of EMI music, saying concessions would ensure continued competition.

Facebook Backs Down on Face Recognition in Europe

The social network said that it would discontinue an automated photo-tagging feature and delete a face-recognition database in which it had collected pictures of millions of Europeans.

European Antitrust Chief Warns Over Google Talks

The top antitrust regulator for the European Union said there were limits to how much longer his office would try to negotiate a settlement with Google over its Internet search engine.
Bits Blog

The iPhone 5 Now on the Loose

The grumbling over a new Apple maps service didn't deter customers from once again jamming stores to get the latest iPhone.

Wal-Mart Is Deleting the Kindle From Stores

Retailers have been worried that displaying the new Kindles will encourage customers to browse in stores and then buy from online competitors instead, analysts said.

Outage Affects European RIM Customers

Research in Motion said it had restored BlackBerry e-mail and other services in Europe, the Middle East and Africa after a technical problem.

Connected to the Future in the Fast Lane

Grand Prix racing is cruising full-speed ahead on the information highway, serving as a laboratory for cutting-edge technology.

Waiting Is the Hardest Part for West Indies Cricketers

Chris Gayle has been the leading run-scorer in the past two editions of the Indian Premier League, the most significant and lucrative of a global range of national Twenty20 competitions.

The Ferrari Allure Catches On in Asia

Italian auto maker seeks to use Grand Prix races to deepen ties with region as sales grow.

Life Spans Shrink for Least-Educated Whites in the U.S.

A long rise in Americans' life spans has reversed itself for white people who lack high school diplomas, an increasingly troubled group that has lost four years of life expectancy since 1990.

A Family Pulled Into the Fray Over an Agent's Death

The family of Brian A. Terry, a Border Patrol agent who died in a shootout linked to Operation Fast and Furious, has sought answers after revelations over his death.

Coptic Scholars Doubt and Hail a Reference to Jesus' Wife

A historian's finding of a fragment of ancient Coptic text in which Jesus is said to utter the words "my wife" has drawn strong reaction from Christian scholars.
Op-Ed Columnist

A 21st-Century Islam

A religion that is also a political movement must accept contestation and ridicule.
Op-Ed Columnist

Temerity at the Top

If we want to encourage more economic growth, we could start by not bashing the few super-ambitious people at the top.
Op-Ed Columnist

Disdain for Workers

These days we are getting to really see the beliefs of the party that is of the wealthy, by the wealthy, and for the wealthy.

NYT DealBook | Afternoon Edition -September 21, 2012-: BP Offers to Acquire Larger Stake in Rosneft

Friday, September 21, 2012
BP Offers to Acquire Larger Stake in Rosneft BP has offered to acquire a bigger stake in the Russian state oil company Rosneft if it can sell its interests in a private joint venture here, the president of Rosneft said on Friday. Such a move would make BP the largest single outside investor in the Russia's state oil company. The deal also holds the promise of reviving an ill-fated offshore exploration deal in the Russian Arctic that fell apart last year amid lawsuits, and more broadly tie BP's fate to Russia for years to come.
    Regulators Extend Deadline for Xstrata's Answer to Glencore Xstrata's board will now have until Oct. 1 to decide whether to accept Glencore's sweetened merger offer.
    Standard Chartered Signs Pact With New York Regulator While Standard Chartered executives agreed last month to pay $340 million to settle claims that it moved hundreds of billions of dollars in tainted money and lied to regulators, the final details were not hashed out until Friday.
    • DEALBOOK »
      European Regulators Approve Universal's Purchase of EMI European regulators on Friday approved a reduced version of Universal Music's $1.9 billion takeover of EMI Music, allowing Universal to expand its dominance as the world's largest music company but significantly paring down its ambitions, The New York Times writes.
      DealBook Video
      Business Day Live: A Manufacturing About-Face
      Business Day Live: A Manufacturing About-Face Made in Brooklyn, but shipped to China. | Shrinking life expectancy for the least-educated whites.

GATA | THE GATA DISPATCH -September 21, 2012-: GATA | THE GATA DISPATCH -September 21, 2012-: Von Greyerz on real metal and hyperinflation.

Von Greyerz on real metal and hyperinflation

3p ET Friday, September 21, 2012
Dear Friend of GATA and Gold:
It's hard to get too much of Swiss gold fund manager Egon von Greyerz of Matterhorn Asset Management, and today he is interviewed at King World News about the latest tungsten scare and the necessity of holding real metal outside the banking system, while at Matterhorn's Internet site, GoldSwitzerland, he gives an overview of the Western financial system and predicts hyperinflation.
The King World News interview is summarized here:

Von Greyerz's commentary at GoldSwitzerland is here:

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

MarketWatch | Stocks and Markets in the News | Wall Street at Close Report -September 21, 2012-: Stocks end with weekly losses first week in three

By Kate Gibson

NEW YORK (MarketWatch) -- U.S. stocks finished nearly unchanged on Friday to give the benchmark indexes their first weekly drop for September. "After having two explosive weeks to the upside, where the S&P 500 was up 3.5%, it's a huge victory to come out this week virtually flat in the face of the concerns we have: the Middle East, the fiscal cliff and more bad news than good in the economic data stream," said Art Hogan, equity strategist at Lazard Capital Markets. The Dow Jones Industrial Average DJIA -0.13% fell 17 points, or 0.1%, to 13,579.93. The S&P 500 index SPX -0.0075% shed 0.1 point to 1,460.16. The Nasdaq Composite COMP +0.13% retained a 4-point, or 0.1%, rise at 3,179.96. 

Money Show Investors Daily Alert -September 21, 2012-: Nestle Builds Momentum in China, 45 Cents at a Time Crude Oil

Investors Daily Alert

Jim Jubak on

Today's Top Pros' Top Picks

Today's Gurus' Views & Strategies

Today's Charts in Play Exclusive Interviews
Coins in Your IRA?, Eric Jordan

Ideas from Around the World

Today's Featured Videos & Exclusive Interviews

Sponsored Content

The Economist | New Selected articles -September 21, 2012-:

Democracy in America: Making and taking
It's impossible to take what has not been made, but neither party is serious about restoring conditions for increasing prosperity
read more »
Video: The value of bronze
A new exhibition at the Royal Academy of Arts in London which brings together bronze sculptures from across the globe and spans more than 5000 years
watch »

Eastern approaches: Belarus's non-election
Belarusians would like change, but Sunday's non-election won't change anything
read more »

Americas view: Asbestos in Canada
Canada stops protecting an unloved industry
read more »
Graphic detail: Dissecting a swing state
The economics and demography of Colorado, which is still getting used to being a swing state
read more »
Schumpeter: The price isn't right
Are America's tax police about to tighten the screws on the deep-pocketed of the corporate world?
read more »
Gulliver: Aeroplane crashes
You're safer in the cheap seats
read more »
Online debate: Home-ownership
Does home-ownership have net societal benefits or does it mostly amplify nasty economic shocks?
read more »

NYT Breaking News -September 21, 2012-: Romney to Release More Tax Data Friday; Says He Paid 14.1% in 2011

Breaking News
The New York Times
Friday, September 21, 2012 -- 2:15 PM EDT

Romney to Release More Tax Data Friday; Says He Paid 14.1% in 2011

Mitt Romney paid $1.95 million in taxes on his 2011 investment income of $13.7 million, his campaign revealed on Friday, saying it will make good Friday afternoon on Mr. Romney’s promise earlier this year to eventually release his full returns for that year.

Read More:

BIV Today's Business News -September 21, 2012-.: B.C. government to forgo natural gas royalties to boost investment

Mining and Energy

Rich Coleman

B.C. government to forgo natural gas royalties to boost investment

Despite facing a $1 billion shortfall from conventional gas royalties, the B.C. government plans to forgo future royalties from the nascent natural gas industry in order to kickstart it, Rich Coleman said Thursday.

Burnaby company to participate in Bay of Fundy tidal energy project

One of the most ambitious tidal energy projects in the world will use technology developed in Burnaby to monitor marine power cables.

Taseko Mines resubmits New Prosperity environmental impact statement

Taseko Mines Ltd. has announced it has formally submitted an environmental impact statement for its $1.1 billion New Prosperity project in B.C. in a renewed bid to build the mine that was rejected in 2010, according to a CBC report.

Court steps in on Western Wind proxy battle

The BC Supreme Court has appointed an independent chairman for an upcoming annual general meeting of Western Wind Energy Corp., which is fighting a proxy battle while in the midst of trying to find a buyer.

Retail and Manufacturing


Massive YVR duty-free shop opens, sells
$36k-a-bottle whisky

The first World Duty Free shop outside the U.K. has officially opened at Vancouver International Airport, where travellers can buy pricy French perfume, high-end cosmetics and 70-year-old whisky that sells for $35,888 a bottle.

Media and Marketing


Social Media Week kicks off Monday

Social Media Week Vancouver (SMWV) starts on Monday, featuring events to advance the understanding of social media's growing role in Vancouver and around the globe.

Education and Research


SFU Public Square and Vancouver Foundation engage local business community

Yesterday members of the Metro Vancouver business community gathered at the Terminal City Club for a luncheon and discussion about the role of business in building connectedness in the urban environment.

NYT Opinion Today -September 21, 2012-: Why Presidents Love Foreign Affairs

The New York Times

September 21, 2012

Opinion Today

Campaign Stops

Why Presidents Love Foreign Affairs

Because presidents are weak at home and exert their power abroad, voters should take foreign policy more seriously as a campaign issue.
Death of a Gentleman

Death of a Gentleman

Ash Green was old school - in the hungry reach of his tastes, in the way he knew everyone but never dropped their names.
Op-Ed Contributor

How Green Was My Lawn

Environmentalism, which became a prominent issue after the publication of "Silent Spring" in 1962, has lost its once enthusiastic backing.
Opinionator | Townies

Jersey City, a Love Story

I had bangs and a publishing job. And I had been caught red-handed doing something ironic with a cupcake.
The A-Little-Bit-Less Undecided
Campaign Stops

The A-Little-Bit-Less Undecided

Don't look now, but voters who weren't sure if they preferred Obama or Romney are making up their minds.
When the White House Speaks on the Campaign Trail
Room for Debate

When the White House Speaks on the Campaign Trail

How have presidents used executive power to get re-elected? Is this an abuse of power, or just the usual "incumbency advantage"?
Full of Gas

Full of Gas

The story of how power failures plague Venezuela despite the country's massive natural gas reserves is the Chávez years in miniature.
Cuomo Administration Says Health Review Will Come Before Gas Drilling
Dot Earth Blog

Cuomo Administration Says Health Review Will Come Before Gas Drilling

The Cuomo administration adds a health review to its deliberations over gas drilling.

The Candidates Face Hispanic Voters

On immigration, Mitt Romney dodges the issue while President Obama admits that he has fallen short.

Fast, Furious and Foolish

What was the Justice Department thinking in steering guns into Mexico?

Veterans in Los Angeles, Still in the Cold

The government is not meeting its responsibility to house homeless veterans on land that was meant for just that purpose.

Season of Mists, if Not in Manhattan

What's missing in New York City is a seasonal fog, the kind that foretells autumn.

The Opinion Pages

Read the full opinion report, including editorials, columns, op-eds and Opinionator. Go to the Section »
Taking Note

'Stop the War on Coal' Act

The G.O.P. has repudiated its historic tradition of conservation. It's now pro-coal, and anti-environment.
Taking Note

Mitt Romney's Secret Plan

At a Univision forum on Wednesday night, Mr. Romney refused to clarify his position on immigration reform.
Notes on the Political Economy of Redistribution
The Conscience of a Liberal

Notes on the Political Economy of Redistribution

The median is the message.