A Law Firm Name With a Curious Ring In the news release announcing the T-Mobile and MetroPCS merger, an advisory firm's name on the roster stood out from the rest: Telecommunications Law Professionals.
Oct 3, 2012
Wednesday, October 3, 2012
CBS NEWS | Political Hotsheet Top Stories -October 3, 2012-.: Ryan: Romney will hit Obama in debates
Investors Daily Alert
The Daily Guru
3 Glowing Uranium Stocks, John Manfreda
Jim Jubak on MoneyShow.com
Today's Top Pros' Top Picks
Can Your PC Save Your Life?, Michael A. Robinson
QE3 Ushers in a New Breed of Income, Jim Trippon
Today's Gurus' Views & Strategies
Economic News Points to One Winner, Stephen Leeb
Today's Charts in Play
Buy the Car, Not the Stocks, Tom Aspray
The Hidden Dangers in Playing it Safe, Rob Carrick
Ideas from Around the World
Slaying the Chinese Lending Dragons, Daniel Bardsley
Today's Featured Videos & Exclusive Interviews
How To Catch Big Moves First, Trevor Neil
The Fiscal Cliff and Hyperinflation, John Reed
GATA | THE GATA DISPATCH -October 3, 2012-.Felix Moreno de la Cova: Revisiting 'Gold Wars' by Ferdinand Lips
Felix Moreno de la Cova: Revisiting 'Gold Wars' by Ferdinand Lips
"Gold Wars" by the late Ferdinand Lips, the history of Western central banking's struggle to deprive humanity of the best and most democratic money, has just been published in a Spanish edition, and the Spanish economist and trader Felix Moreno de la Cova celebrated it in a recent speech delivered in Madrid. An excerpt from that speech has been put into English and posted at GoldMoney's Internet site.
De la Cova says: "'Gold Wars' is the story of the rise of fiat currency and the demise of gold-backed money over the 20th century: from the collapse of the classical gold standard at the outbreak of the First World War in 1914, through the protectionism and trade wars of the 1930s, to the rise of the Bretton Woods system postwar, and the failure of the London Gold Pool and Nixon's 'gold shock' in 1971. He examines the determined monetary war -- or gold war -- the globe's financial elite fought against Switzerland during the 1990s, and how his country was sold out by its politicians and high financiers, a process Lips calls 'the betrayal of Switzerland.' Readers may find it fitting that Lips ends his narrative in 2001, at the point of maximum pessimism in the gold market, but which is now clearly visible as the year in which the metal's latest and perhaps greatest bull market got under way."
GATA is cited favorably by Lips in "Gold Wars."
De la Cova's remarks are headlined "'Gold Wars' Revisted" and they're posted at GoldMoney here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
October 3, 2012
By ROSS DOUTHAT
On taxes, health care and Medicare reform, Romney should strike a more populist note.
By NEWTON N. MINOW
Despite a rocky history, the presidential debates are one place in the modern campaign - perhaps the only place - where the voter is treated with respect.
Opinionator | The Conversation
By DAVID BROOKS and GAIL COLLINS
Brooks and Collins on zingers, swing state voters and the white working class gender gap.
Room for Debate
Changes large and small could improve the presidential debates. Or are they a lost cause
New York's attorney general uses state law to expose a broad pattern of mortgage fraud.
A judge lifts the ID requirement for the November election, but a bad law lives on as a sleazy legacy of voter suppression.
Noncitizens should be allowed to sue international corporations that do business in the United States for human rights abuses abroad.
Gov. Jerry Brown disappointed many after he vetoed a bill aimed at keeping harmless immigrants out of the deportation dragnet.
Read the full opinion report, including editorials, columns, op-eds and Opinionator. Go to the Section »
By ANDREW ROSENTHAL
What would you ask if you were moderating?
The Conscience of a Liberal
By PAUL KRUGMAN
What history says about internal devaluation.
|ADVFN III||Evening Euro Markets Bulletin|
Wednesday, 03 October 2012
|ADVFN III||World Daily Markets Bulletin|
Wednesday, 03 October 2012
|Stocks Turning In A Lackluster Performance In Early Trading|
Stocks have shown a lack of direction over the course of early trading on Wednesday, as traders seem reluctant to make any significant moves. The major averages are lingering near the unchanged line after ending each of the two previous sessions mixed.
The major averages are currently turning in another mixed performance, with the Nasdaq clinging to a modest gain. While the Nasdaq is up 1.68 points or 0.1 percent at 3,121.72, the Dow is down 23.72 points or 0.2 percent at 13,458.64 and the S&P 500 is down 1.57 points or 0.1 percent at 1,444.18.
The choppy trading on Wall Street comes as traders appear to be staying on the sidelines ahead of Friday's monthly jobs report from the Labor Department.
While payroll processor Automatic Data Processing, Inc. (ADP) released a report showing stronger than expected private sector job growth in the month of September, the impact has been limited as recent ADP data has not matched up with the more closely watched government data.
ADP said private sector employment increased by 162,000 jobs in September compared to economist estimates for an increase of about 140,000.
At the same time, the job growth in previous months was revised lower, with the July growth reduced by 17,000 to an increase of 156,000 jobs and the August growth lowered by 12,000 to an increase of 189,000 jobs.
Peter Boockvar, managing director at Miller Tabak, said, "In terms of the market response, ADP has lost its month to month relationship to the government payroll figure and thus makes today's market move possibly completely different from this Friday."
Friday morning, the Labor Department is scheduled to release its monthly employment report, which includes both public and private sector jobs.
Most of the major sectors are showing only modest moves in early trading, although weakness has emerged among oil service stocks. The Philadelphia Oil Service Index is down by 1.4 percent, with the weakness in the sector coming amid a Sharp drop by the price of Crude oil.
Steel, natural gas, and gold stocks have also moved to the downside, while notable strength is visible among housing stocks.
In overseas trading, stock markets across the Asia-Pacific region turned yet another mixed performance on Wednesday. While Japan's Nikkei 225 Index fell by 0.5 percent, Hong Kong's Hang Seng Index edged up by 0.2 percent.
The major European markets have also turned mixed on the day. The French CAC 40 Index is down by 0.3 percent, while the U.K.'s FTSE 100 Index and the German DAX Index are both up by 0.1 percent.
In the bond market, treasuries have moved modestly lower after ending the previous session slightly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, has edged up by 1 basis point to 1.625 percent.