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Sep 24, 2012

GATA | THE GATA DISPATCH -September 24, 2012-: Buyers of real metal slowly overwhelming central planners, Turk tells KWN :

Buyers of real metal slowly overwhelming central planners, Turk tells KWN

9p ET Monday, September 24, 2012

GoldMoney founder and GATA consultant James Turk today tells King World News that buyers of real metal are slowly overwhelming the paper hangers on the futures exchanges. The shorts and central planners are losing, Turk says, and the mining shares are starting to perform well. An excerpt from the interview is posted at the King World News blog here:

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

GATA | THE GATA DISPATCH -September 24, 2012-: GATA Chairman Murphy interviewed by Sprott Money's Neil Lome

GATA Chairman Murphy interviewed by Sprott Money's Neil Lome

8:25p ET Monday, September 24, 2012

Neil Lome of Sprott Money News has just interviewed GATA Chairman Bill Murphy about the manipulation of the monetary metals markets, incorporating questions from Sprott Money clients. The interview, conducted via a Skype video call, is 14 minutes long and is posted at YouTube here:

Full text of the interview is posted at the Sprott Money Internet site here:

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

NYT Global Update -September 24, 2012-: New Syria Envoy Gives Bleak Appraisal as Warplanes Hit Aleppo

The New York Times International Herald Tribune
September 24, 2012
Compiled 20:45 GMT

Global Update


New Syria Envoy Gives Bleak Appraisal as Warplanes Hit Aleppo

Lakhdar Brahimi, the new Syria peace envoy, told Security Council diplomats that there was no immediate prospect for a diplomatic breakthrough.

Iran's President, in New York, Says Israelis Have No Mideast Roots

President Mahmoud Ahmadinejad said Monday that Israelis have no historical roots in the Middle East and that the existence of Israel is just a passing phase in the region's long history.

Foxconn Plant Closed After Riot, Company Says

A spokesman said a fight among employees on Sunday night turned into a riot that had to be broken up by thousands of police officers.

Video: TimesCast

World leaders gather in New York as the United Nations General Assembly opens, and Egyptian President Mohamed Morsi talks to The New York Times ahead of his first speech at the United Nations.


For the Love of Country

Russian politicians believe they deserve to be loved by virtue of being in power. Criticism rankles them and protest feels like betrayal.
Diplomatic Memo

At United Nations, Renewed Focus on Syria, if Not New Ideas

Despite at least three high-level meetings planned during the General Assembly, no broad new initiatives to end the war are expected.

A Manager of Overseas Crises, as Much as the World Permits

Gray-suited, meticulous and little known to the public, Tom Donilon is President Obama's national security adviser and central figure in American foreign policy.

Former Israeli Premier Gets Suspended Sentence

Ehud Olmert, a former prime minister of Israel, was sentenced by a Jerusalem court on Monday to a one-year suspended jail term and a maximum fine of about $19,000 for breach of trust.

Rift With I.M.F. Adds to Greece's Tensions in Pivotal Week

Greeks are increasingly angry over the prospect that public salaries and pensions will be sharply cut again in a last-ditch bid to secure a 31.5-billion-euro loan installment.

The Trade-Off That Created Germany's Job Miracle

In the German city of Ingolstadt, unemployment has virtually disappeared. But there is also a less secure job market and an income gap.

I.M.F. Sees Economic Deterioration Ahead

Christine Lagarde, the managing director of the International Monetary Fund, warned that it would probably cut its estimates of global growth yet again this year.

Proposed Bill Could Change Royalty Rates for Internet Radio

Internet radio services like Pandora hope legislation recently introduced in Congress will lower the rates they pay copyright holders to the levels paid by satellite radio.
The Cloud Factories

Power, Pollution and the Internet

Helping to process the staggering amount of Internet activity that occurs, data centers waste vast amounts of energy, belying the information industry's image of environmental friendliness.

Commander of the Apps, Except the One for Guilt

New smartphone apps can summon an army of personal assistants to help with daily tasks. But this new on-demand economy is making one user a bit uncomfortable.

Woods and McIlroy Struggle in Final Round but Have Some Reasons to Celebrate

Tiger Woods and Rory McIlroy, tournament co-favorites, shot 72 and 74 Sunday in the Tour Championship.

With Win, Snedeker Also Takes Tour Title

Needing to win the Tour Championship to beat out Rory McIlroy for the FedEx Cup, Brandt Snedeker came up with three big birdies on the back nine at East Lake Golf Club.
Spain 9, Israel 7

Israel Falls in Qualifier Final, but Team Plays for Much More

Israel's road to the World Baseball Classic tournament ended Sunday with a loss to Spain in the 10th inning. But the team consistently drew crowds of Jewish fans with displays of support and pride.

Teachers' Unions Court G.O.P.

The unions are navigating a delicate political landscape where, after being challenged by old allies, they increasingly pursue friends in unlikely places.

What Do Teachers Deserve? In Idaho, Referendum May Offer Answer

Chicago's fight may be over, but in Idaho, the debate over schools has morphed into a harsh discussion about whom the voters should trust.

Study Divides Breast Cancer Into Four Distinct Types

New findings are reshaping the understanding of breast cancer, pointing to the use of drugs approved for other cancers. "This is the road map for how we might cure breast cancer in the future," a researcher said.
Op-Ed Columnist

Netanyahu's Iran Blunders

No Israeli prime minister should seek to circumvent the president, bet on his losing an election, and attack him publicly.
Op-Ed Columnist

The Optimism Cure

Mitt Romney reveals that his real economic plan relies on magic.
Op-Ed Columnist

The Satanic Video

What Salman Rushdie can tell us about America's Muslim problem and the future of the Arab Spring.

The Economist | New Selected Articles -September 24, 2012-: A history of money, the splendour of empire and Britain in Europe

Prospero: From shells to mobile phones
You do not have to be a coin-collector or a miser to enjoy the British Museum's newly refurbished money gallery
read more »
Video: Barack Obama and Mitt Romney on taxes
The candidates maintain opposing views on taxes, yet reveal few specifics about their own plans. We examine their arguments
watch »

Eastern approaches: Sikorski in Oxford (again)
Poland's foreign minister makes a powerful case for Britain in Europe
read more »

Graphic detail: Thirsty work
How long must one labour in order to afford a beer?
read more »
Democracy in America: The splendour of empire
The DC-centred corporatist defence industry is the core of America's "taker" economy
read more »
Free exchange: Restructuring structural reforms
The euro area needs structural reforms but they can cause damage when economies are weak
read more »
Baobab: Lovers' tiff
Jamaicans take exception to Robert Mugabe's slurs
read more »
Online debate: Home-ownership
How neutral should government be regarding home-ownership? How neutral can it be?
read more »

Reuters Daily Investors Briefing -September, 24, 2012-: Wall Street ends lower as economic outlook weighs

Wall Street ends lower as economic outlook weighs NEW YORK (Reuters) - U.S. stocks edged lower on Monday as disappointing German data increased concerns that global economic growth remains weak.

Apple sells over 5 million iPhone 5, supply constraints loom (Reuters) - Apple Inc sold over 5 million iPhone 5 smartphones in the three days since it hit stores, but shares sagged as the company struggled to meet demand.

Exclusive: L.A. billionaire, Guggenheim plot AEG bid LOS ANGELES/NEW YORK (Reuters) - Los Angeles billionaire Patrick Soon-Shiong has joined forces with financial services firm Guggenheim Partners to make a bid for Anschutz Entertainment Group, the sports and real estate company, according to three sources with knowledge of the deal.

Fed's Williams: QE3 provides needed "oomph" to U.S. economy SAN FRANCISCO (Reuters) - The Federal Reserve's latest round of monetary stimulus will help get the U.S. economy back on track and speed the return to full employment, a top official of the U.S. central bank said on Monday.

GE, MetLife tweak terms of deal for $7 billion in bank deposits (Reuters) - MetLife Inc and General Electric Co have tweaked the terms of a deal in which the U.S. life insurer is selling $7 billion in bank deposits to the conglomerate, a move MetLife said would change the regulator in charge of approving the deal.

Germany lists EADS/BAE worries while UK starts inquiry BERLIN/LONDON (Reuters) - Germany has deep reservations about proposals to merge Airbus parent EADS and Britain's BAE Systems , an official document showed, as the British parliament began an inquiry into the planned European defense and aerospace giant.

IMF chief sees shaky confidence denting global growth
WASHINGTON (Reuters) - The International Monetary Fund is set to cut its forecast for global growth next month with uncertainty over whether European policymakers will keep promises to address the euro zone crisis weighing on confidence, the head of the IMF said on Monday.

Total plans 1.2 billion euro investment in Antwerp refinery LONDON (Reuters) - Total plans to invest over 1 billion euros at its Belgian refining and petrochemical complex - Europe's second-largest - to boost its diesel-making capacity and create cost-cutting synergies, a senior executive said on Monday

Exclusive: Brazil delays jets decision until 2013; Boeing ascendant UNITED NATIONS (Reuters) - Brazilian President Dilma Rousseff has decided to wait until mid-2013 to make a decision on a multibillion-dollar Air Force jets contract, and Boeing's chances of winning the deal have improved due to its recent alliances with local aircraft maker Embraer, two senior officials told Reuters.

General Motors readies $10 billion credit NEW YORK (Reuters) - General Motors Co is in market with $10 billion in revolving credit facilities that will beef up liquidity and refinance existing debt, sources told Thomson Reuters LPC.



NYT DealBook Afternoon Edition -September 24, 2012-: With Smartphone Deals, Patents Become a New Asset Class

Monday, September 24, 2012
With Smartphone Deals, Patents Become a New Asset Class The recent multibillion-dollar patent purchases by Apple and Google, though exceptional, were possible because of a broader trend: patents have become a new asset class.
  • DEALBOOK » | DealBook Fall 2012 Special Section
    Groupon Moves Into Restaurant Reservations With Savored Deal As Groupon continues its quest to become a big platform for merchants, it appears that the online coupon purveyor is moving into restaurant reservations -- and a little into OpenTable's domain.
    Gensler Calls for Overhaul of Libor Gary Gensler, chairman of the Commodity Futures Trading Commission, suggested that authorities should retool or replace the London interbank offered rate.
    Dave & Buster's Sets Range for I.P.O. Dave & Buster's Entertainment, the restaurant and arcade chain, is seeking to sell 7.7 million shares in its I.P.O. at $12 to $14 a share. At the midpoint of that range, the private equity-backed company is set to raise $100 million.
    Bumi Shares Tumble After Inquiry Into Financial Irregularities Shares in Bumi, a mining company partly owned by the financier Nathaniel Rothschild, plunged on Monday after an investigation was opened into financial irregularities at one of its divisions.
    CGGVeritas to Buy Seismic Data Unit for $1.5 Billion The French oil and gas services company has agreed to buy the seismic data unit of the Dutch engineering company Fugro for $1.5 billion.
    Special Section Fall 2012
    Evolving Global Strategy Gives Law Firm an Edge By focusing on global deal-making, Freshfields Bruckhaus Deringer, based in London, says it has been able to better compete with the major American firms.
    Deal Professor: The Economics of Law School Steven M. Davidoff says that the trend away from law schools has prompted much discussion about what structural changes may be needed.
    White Collar Watch: Under Investigation, and Doing the Investigation Peter J. Henning says that in dealing with corporate misconduct, the government may be leaning too much on the law firms hired by the companies under investigation.
    As Wall Street Fights Regulation, It Has Backup on the Bench As the financial industry confronts a wave of new government regulations, it has sympathetic ears in a key federal appeals court.
    Wall Street Scandals Fill Lawyers' Pockets The white-collar bar is thriving with cases like the collapse of MF Global and the manipulation of the London interbank offered rate.
    What's Facebook Worth? About $15 a share, writes Andrew Bary in Barron's: "That would be roughly 24 times projected 2013 profit and six times estimated 2013 revenue of $6 billion, still no bargain price." (Facebook shares closed on Friday at $22.86.) Among the concerns for the stock are Facebook's heavy employee stock compensation and whether the company can make money on mobile.
    Economic Reports Data to be released on Tuesday will include the Standard & Poor's/Case-Shiller home price index for July and consumer confidence for September.
    Overseas On Tuesday, the International Monetary Fund will release parts of its global financial stability report; Mario Draghi, the president of the European Central Bank, will meet in Berlin with Chancellor Angela Merkel of Germany to discuss the European debt crisis; and Vladimir V. Putin, president of Russia, will meet in Moscow with Jean-Claude Juncker, prime minster of Luxembourg, to talk about the European financial crisis.
    DealBook Video
    Business Day Live: Mobile Services and Cable TV Are Unexpected Allies
    Business Day Live: Mobile Services and Cable TV Are Unexpected Allies Cable TV's unexpected ally: the mobile device. | At a data center, a peek inside the computing cloud. | How changing technology empowered boutique book publishing.


CBS NEWS | Political Hotsheet Top Stories -September 30, 2012-: Romney: Middle East tumult "hardly" a bump in the road

The CBS News Political Hotsheet newsletter


Obama's Republican opponent says that U.S. is losing influence in the Middle East due to poor leadership
Read full story
Romney: Middle East tumult

Trump: Obama a At Liberty University, Trump blasts Obama on economy, foreign policy

No bilateral meetings for Obama at U.N.G.A. The White House Monday had no clear reason for why Obama won't have bilateral meetings this year; He had 13 at last year's meeting

In Massachusetts, Senate race takes negative turn As Warren pulls ahead in some polls, Brown rehashes Native American claims

Polls: Obama has an edge over Romney on Medicare Latest polls show more voters trust Obama over Romney to handle the government health care program

Stocks and Markets in the News | Wall street at Close Report - MarketWatch -September 24, 2012-: U.S. stocks end lower; technology leads losses

SAN FRANCISCO (MarketWatch) -- U.S. stocks ended lower Monday as concerns about the euro zone and growth worldwide resurfaced, with the technology sector leading losses as Apple Inc. shares declined 1.5%. The Dow Jones Industrial Average retreated 20.55 points, or 0.2%, to close at 13,558.92, down for two consecutive sessions. The Nasdaq Composite was 19.18 points lower, or 0.6%, to 3,160.78. The S&P 500 was down 3.26 points, or 0.2%, to 1,456.89, its third day of declines. For the Nasdaq, it was the largest one-day percentage decline since Sept. 10, when the index fell 1.03%.

U.S. stocks end lower; technology leads losses

Money Show Traders Daily Alert -September 24, 2012-.: The Shape of the Global Bond Market

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