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Nov 21, 2012

GATA | THE GATA DISPATCH -November 21, 2012-: Future Money Trends: The Day the World Ended

Future Money Trends: The Day the World Ended

9:10p ET Wednesday, November 21, 2012

Our friends at Future Money Trends have put together a couple of short mock-news videos depicting how international disputes could quickly spiral out of control with cataclysmic consquences for what we call our financial markets. While the videos together are only about eight minutes long, they may be enough to convince you to obtain all the gold and silver bullion you can -- and then start looking for a safe planet to keep it on. Future Money Trends calls its presentation "The Day the World Ended" and you can find the first part at YouTube here --

-- and the second part at the Future Money Trends Internet site here:

Your secretary/treasurer would have dispatched these sooner but, against the advent of an interruption in oil supplies, he wanted to buy a horse first. Now if only he could be trained to jump to Mars.

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

Gerald Celente | Trends In The News: The War Monger March - (11/20/12)

NYT | Global Update -November 21, 2012-.: Cease-Fire Between Israel and Hamas Takes Effect

The New York Times International Herald Tribune
November 21, 2012
Compiled 21:45 GMT

Global Update


Cease-Fire Between Israel and Hamas Takes Effect

Under a truce announced by Secretary of State Hillary Rodham Clinton and the Egyptian foreign minister, Israel and Hamas agreed to end all hostilities. But it was unclear how it would be enforced.

In Tel Aviv, an Explosion Kills None but Revives Fears

The bombing seemed to be the first time in the current fighting that violence had spread directly onto the streets of Tel Aviv.

India Hangs the Only Surviving Mumbai Attacker

The surprise execution of Ajmal Kasab, a gunman in the 2008 attacks that left 166 people dead, was unlikely to derail improving ties, analysts in both India and Pakistan said.

Slide Show: Changes in Cuba Create Support for Easing Embargo

New economic bonds between Cuba and the United States have formed, creating new challenges, new possibilities - and a more complicated debate over the 50-year-old American trade embargo.

Video: Miseducation

The filmmaker Nadine Cloete explores childhood in a part of South Africa plagued by gang culture and violence.

A Mumbai Student Vents on Facebook, and the Police Come Knocking

A medical student in India complained on Facebook about the attention a political leader's death was getting, and she and a friend were charged.

Mexican Agencies Clash Over Shooting of C.I.A. Employees

Nearly three months after C.I.A. officials were wounded when their embassy vehicle was shot up, divisions have emerged among the Mexican law enforcement agencies trying to determine the motive.

Retailer Shakes Off Storm's Body Blows, and Rebuilds

The Eileen Fisher clothing stores and headquarters were hit hard by last month's big storm, but insurance, some planning and much luck helped executives and employees reopen the business.

Judge Approves Hostess Brands' Plan to Close Down

In granting Hostess's motion, Judge Robert D. Drain of the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid letting its assets molder.

Despite the Rise in Mideast Violence, Oil Prices Stay Steady

While Thanksgiving gas prices in the United States are higher than a year ago and at a record level, oil experts say plentiful global supplies will help prevent a jump in prices.

H.P. Claim Highlights a Gray Area in Software Sales

Hewlett-Packard contends that Autonomy, the British software firm it acquired for $10 billion last year, misclassified revenue, including sales of hardware with sales of software licenses.

South Carolina Offers Details of Data Theft and Warns It Could Happen Elsewhere

Gov. Nikki R. Haley said state officials had not done enough to stop computer hackers who recently stole millions of personal financial records from the state's Department of Revenue.
On Soccer

Chelsea Fires Its Champions League-Winning Coach

Six months after guiding Chelsea to an unlikely title, Roberto Di Matteo was fired Wednesday with the club on the brink of being eliminated from this season's Champions League.

Kuroda Re-Signs With Yanks for a Year

Hiroki Kuroda, who will turn 38 next year, agreed Tuesday to a one-year, $15 million contract to pitch for the Yankees again next season.
On Pro Basketball

With D'Antoni as Coach, Gasol Will Be on the Move, Beyond the Arc

Under the spread-the-floor offense of Mike D'Antoni, the Lakers' new coach, Pau Gasol will drift more toward making long-range shots.

Rep. Jesse Jackson Jr., Ill and Facing Inquiry, Will Resign

Representative Jesse L. Jackson Jr., who won re-election this month despite an extended illness, a long absence from Congress and reports of looming investigations, will leave office.

An Eccentric Texas Millionaire Is Accused of Abusing Teenagers

Stanley Marsh 3, a man in Amarillo, Tex., who is behind the Cadillac Ranch, has been accused in lawsuit of sexually abusing teenage boys.

Where Pilgrims Landed, Thanksgiving Is Kept at Table, Not Mall

Some of the country's retailers said they would move up sales to Thanksgiving Day, but stores in some New England states, adhering to those states' "blue laws," will be closed Thursday.

From Gaza to Manfalut

A war next door and a disastrous train crash at home strike Egypt at once: President Mohamed Morsi must be nostalgic for his days in the opposition.
Op-Ed Columnist

Obama's Moment

The Chattanooga choo-choo is running faster than ever these days. If only the rest of the country would take note.


An Op-Doc video about childhood in a part of South Africa plagued by gang culture and violence.

DealBook P.M. Edition -November 21, 2012-.: Judge Approves Hostess Brands' Plan to Close Down

Wednesday, November 21, 2012
Judge Approves Hostess Brands' Plan to Close Down
Judge Approves Hostess Brands' Plan to Close Down In granting Hostess's motion, Judge Robert D. Drain of the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid letting its assets molder.
    White Collar Watch and Deal Professor: In Hewlett's Claims About Autonomy, Legal Costs Could Pile Up Peter J. Henning and Steven M. Davidoff say that Hewlett-Packard, which has already taken an $8.8 billion charge related to its acquisition of Autonomy, could face even more costs as it spends millions of dollars on investigations and litigation.
    Deloitte Denies Knowledge of Fraud at Autonomy Deloitte is finally speaking up about Autonomy -- and the accounting firm says it knew nothing about potential fraud at its onetime client.
    Standard Deduction: Why a Tax Crackdown Is Not Needed on Mortgage-Backed Securities Victor Fleischer says that the rules on real estate mortgage investment conduits are designed to prevent operating companies from avoiding corporate tax. Banks and other financial institutions that originate mortgages should pay that tax. Passive conduits should not.
    Muddy Waters Turns Its Focus on Singapore Muddy Waters Research says Olam International, an agricultural commodities company partly owned by the Singaporean sovereign wealth fund Temasek Holdings, is "at risk of collapsing." Olam has responded with a lawsuit.
    Buzz Tracker
    People's Insurance Company of China Plans $3.6 Billion I.P.O. The People's Insurance Company of China, the largest Chinese property insurer, plans to raise as much as $3.6 billion in an initial public offering in Hong Kong next month. It is expected to sell 6.9 billion shares at $3.42 Hong Kong dollars ($0.44) to $4.03 dollars.
    Illumina Rejected in Bid for Complete Genomics The genetic sequencing company Illumina said on Wednesday that its $114 million takeover bid for Complete Genomics, a struggling DNA sequencing company based in Silicon Valley, had been rejected. Illumina's $3.30-a-share offer was about 5 percent higher than a rival bid from the Chinese company BGI-Shenzhen, which agreed to buy Complete Genomics in September.
    In the United States On Thursday, financial markets, government offices and most businesses will be closed in the United States in observance of Thanksgiving. DealBook will be closed on Thursday as well. The Morning Agenda and Afternoon E-mails will return on Monday.
    Overseas On Thursday and Friday, European Union leaders will meet in Brussels to discuss the bloc's next seven-year budget, and a decision is expected from European regulators on whether they will approve a merger of Glencore and Xstrata.
    Quotation of the Day
    "This estate will suffer substantial diminuition if this wind-down plan is not quickly implemented. It appears to me that the debtors have taken the right course."
    -- Judge Robert D. Drain of the Southern District of New York on the closing of Hostess Brands.
    DealBook Video
    TimesCast: Trying to Build a Case Against a Wall St. Player
    TimesCast: Trying to Build a Case Against a Wall St. Player Prosecutors file charges against a former portfolio manager at the hedge fund SAC Capital Advisors, directly involving the billionaire Steven A. Cohen, the fund's founder.


MarketWatch | Wall Street at Close Report -November 21,2012-.: U.S. stock indexes finish at two-week highsU.S. stock indexes finish at two-week highs

By Kate Gibson

NEW YORK (MarketWatch) -- U.S. stocks on Wednesday climbed to two-week highs after a cease-fire deal was reported in the Gaza Strip, with the S&P 500 index COMP +0.34% and Nasdaq Composite COMP +0.34% extending gains into a fourth day. "I think the year-end rally is near, or has actually begun," said Jeffrey Saut, chief investment strategist at Raymond James. The Dow Jones Industrial Average DJIA +0.38% rose 48.38 points, or 0.4%, to 12,836.89. The S&P 500 index gained 3.22 points, or 0.2%, to 1,391.03. "The 1,390 level on the S&P 500 has proven time and again to be a key 'energy level,' both on the downside and now on the upside for the markets," Saut said. The Nasdaq Composite COMP +0.34% climbed 9.87 points, or 0.3%, to 2,926.55.

NYT | Politics -November 21, 2012-.: Rep. Jesse Jackson Jr., Ill and Facing Inquiry, Will Resign


The New York Times

November 21, 2012



Rep. Jesse Jackson Jr., Ill and Facing Inquiry, Will Resign

Representative Jesse L. Jackson Jr., who won re-election this month despite an extended illness, a long absence from Congress and reports of looming investigations, will leave office.
THE MASCOT: Senator Kent Conrad's fluffy bichon frisé, Dakota, has been a fixture in the halls of the upper chamber.

Members of the 112th Congress Depart, Taking Their Quirks Along

From Senator Richard G. Lugar's foreign policy expertise to Senator Kent Conrad's bichon frisé, the expiring Congress has left its mark in ways large, small and weird.

More Politics

Kathleen Sebelius, the secretary of health and human services, speaking in July. Under the new law, she said Tuesday,

Administration Defines Benefits That Must Be Offered Under the Health Law

The White House's rules translate the broad promises of the 2010 law into detailed standards that can be enforced by state and federal officials, including those on pre-existing conditions.
A TEAM EVENT Gloria Allred, right, held a news conference in Washington on Tuesday with her new client, Natalie Khawam, Jill Kelley's twin sister.
Washington Memo

Second Act of a Scandal: Cue the Superlawyers and the Spinmasters

The sex-and-e-mail affair that forced out the C.I.A. director, David H. Petraeus, has now ripened to the image management stage.
President Obama boarded Air Force One in Phnom Penh, Cambodia, on Tuesday to fly to Washington after a summit meeting.
News Analysis

Obama, in Cambodia, Sidesteps Ghosts of American Wartime Past

President Obama's visit did not address the tumultuous events of the 1970s, when American warplanes carpet-bombed the impoverished country.
News Analysis

Politics Complicates the Math in Ending Tax Breaks for Rich

Experts say that raising revenue without increasing rates would involve wiping out nearly every deduction, credit and preferential rate that affluent households claim.

Warning of Consequences, Bernanke Urges Swift Action on a Fiscal Deal

The Federal Reserve chairman said that while the details of a Congressional agreement to avert a so-called fiscal cliff were important, so were speed and a general impression of a functional and cooperative legislative branch.

Election 2012 iPhone App

A one-stop destination for the latest political news, from The Times and other top sources around the Web. Plus opinion, polls, campaign data and video.


Video: Grover Norquist on the Budget Talks
Grover Norquist, who leads Americans for Tax Reform, is interviewed by Louise Story of The Times on the budget talks.
Interactive Graphic: Presidential Exit Polls
A look at how different demographics voted in 2012.
Full Election Results
Results from the 2012 presidential, Senate and House Races.