Search This Blog

Translate

Search Tool




Aug 18, 2013

NYT Global Update August 18, 2013: Hiring in China By JPMorgan Under Scrutiny

August 18, 2013
Compiled 20:45 GMT

Global Update







TOP NEWS
DealBook

Hiring in China By JPMorgan Under Scrutiny

By JESSICA SILVER-GREENBERG, BEN PROTESS and DAVID BARBOZA
Authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business in the booming nation.

Amid New Egyptian Protests, U.S. Lawmakers Conflicted on Cutting Aid

By ROD NORDLAND and BRIAN KNOWLTON
As supporters of the ousted president, Mohamed Morsi, held more protests Sunday, some American lawmakers pushed for a cutoff in aid while others called for a more measured approach.

Chinese Politician to Stand Trial on Corruption Charges

By CHRIS BUCKLEY
Bo Xilai, an ambitious politician whose downfall shook the Communist Party elite, will face charges of bribery, corruption and abuse of power.
N.Y. / Region

Photographs: Before and After Bloomberg

New York City experienced a major transformation during Michael R. Bloomberg's three terms as mayor.
Opinion

Op-Ed Columnist

Money, Money, Money, Money, MONEY!

By MAUREEN DOWD
Why don't the Clintons ever have enough cash?
WORLD

2 Koreas Agree to Discuss Reunions for Families

By CHOE SANG-HUN
Revival of a humanitarian program would be another step toward a thaw on the divided Korean Peninsula after months of tension.

How American Hopes for a Deal in Egypt Were Undercut

By DAVID D. KIRKPATRICK, PETER BAKER and MICHAEL R. GORDON
Egypt's military crackdown has left President Obama in a no-win position: risk a partnership that has been the bedrock of Middle East peace, or stand by while allies try to hold on to power by mowing down opponents.

Jamaica Fights to Break Grip of Violent Past

By DAMIEN CAVE
The island nation is emerging as a bright spot in the fight against drugs and organized crime that extends across the region.
BUSINESS

A Push to Connect Millions Who Live Offline to the Internet

By EDWARD WYATT
The Obama administration is concerned that 60 million are shut out of jobs, government services, health care and education, and that the economic effects are looming larger.

Sotheby's to Auction Rare Diamond in Hong Kong

By BETTINA WASSENER
The 7.59-carat, blue-colored stone is expected to bring about $19 million.

Expecting the Unexpected From Jeff Bezos

By DAVID STREITFELD and CHRISTINE HAUGHNEY
At Amazon.com, he has upended industries. Now he promises change at The Washington Post. If his history is a guide, he will have all the laughs.
TECHNOLOGY

Disruptions: Texting Your Feelings, Symbol by Symbol

By NICK BILTON
The increasing use of emoji icons can be baffling to American adults who, whether they realize it or not, are taking their social cues from Japanese teenagers.
Bits Blog

A Brief Anthology of Bezos

By THE NEW YORK TIMES
Jeff Bezos, Amazon's founder, has often faced doubts about his strategy and the company's prospects. Some previous articles trace his achievements and his image through the years.

Samsung Said to Be Preparing to Unveil Smart Watch

By ERIC PFANNER
Samsung Electronics reportedly planned to introduce a wristwatch in September that can make phone calls, play video games and send e-mails, potentially beating Apple to market.
SPORTS

Bolt Completes a Double and Russian Women Break Through

By CHRISTOPHER CLAREY
Usain Bolt claimed a victory in the 200 meters and Russian women broke the American grip on the 4x400-meter relay at the world championships on Saturday.
Straight Sets

Video: A TimesTalks Conversation With John McEnroe

By THE NEW YORK TIMES
With the United States Open on the horizon, John McEnroe joins Jason Stallman, The New York Times's sports editor, for a chat about tennis and more.
Soccer Roundup

Good Start for United; Dismal One for Arsenal

By THE ASSOCIATED PRESS
Manchester United opened the new Premier League season with an easy win over Swansea, but Arsenal lost its opening match to Aston Villa.
U.S. NEWS

For Families of Dead Firefighters, a Fight Over Compensation

By JACK HEALY
In life, firefighters from disparate states and backgrounds work side by side. But in death, families say, they are sifted into categories based on their official employment status.

Britain Detains Partner of Reporter Tied to Leaks

By CHARLIE SAVAGE and MICHAEL SCHWIRTZ
The partner of Glenn Greenwald, a Guardian reporter who published information leaked by Edward J. Snowden, was detained for nine hours by the British authorities under a counterterrorism law.
Virtual U.

Master's Degree Is New Frontier of Study Online

By TAMAR LEWIN
The master's degree offered by the Georgia Institute of Technology through massive open online courses has the potential to disrupt higher education.
OPINION
Opinion

War on the Border

By TODD MILLER
The Border Patrol, the largest federal law enforcement agency, has become an expensive military apparatus deployed to police and capture immigrants.
Op-Docs

'Bodies on the Border'

By MARC SILVER
Forensics experts in Arizona struggle to identify the bodies of migrants who perished while attempting to cross illicitly from Mexico into the United States.
Op-Ed Columnist

Let Our Client Go

By ROSS DOUTHAT
If we don't cut off our aid to Egypt now, when would we?

TWP This Week's Market Commen Videos August 18, 2013.


Watch this week's market commentary videos where Nick McDonald provides an outlook for the week ahead on currency and equity markets

NYT | ALERT FGC BOLSA - FGC FINANCIAL MARKETS: A Push to Connect Millions Who Live Offline to the Internet

| ALERTS

 

FGC BOLSA- FGC FIN

Compiled: August 18, 2013 02:36:49 PM

A Push to Connect Millions Who Live Offline to the Internet
The Obama administration is concerned that 60 million are shut out of jobs, government services, health care and education, and that the economic effects are looming larger.

Gerald Celente - Trends In The News - "Think For Yourself" - (8/8/13) .

Gerald Celente - Trends In The News - "Think For Yourself" - (8/8/13)


"JP Morgan Chase faces criminal charges, six more people killed in Yemen making it the sixth drone strike in just.. ten days & the levels of deceit you should be worried about. Keep watching the Kardashians to find out!".

Original release: 8/8/13.

Zero Hedge: Does the basement gold vault go too when JPM sells its NYC headquarters?: GATA | THE GATA DISPATCH AUGUST 18 , 2013.

Zero Hedge: Does the basement gold vault go too when JPM sells its NYC headquarters?

1:31p ET Sunday, August 18, 2013
Dear Friend of GATA and Gold:
Noting a Bloomberg News report that JPMorganChase plans to sell its headquarters building in New York, Zero Hedge today wonders what is to become of the huge gold vault in the building's basement.
While JPMorganChase announced last month that it planned to leave the commodities business, the company suggested, according to the Financial Times, that it would continue trading and vaulting gold and silver:

http://www.gata.org/node/12846

Of course if the gold vault is to be sold along with the headquarters building, questions arise. Zero Hedge poses them:

"Is JPM set to fully and completely exit the precious metals vertical which it inherited when it was handed Bear Stearns on a $10 platter (together with the now-defunct firm's legacy short positions)? If so, is it also in the process of unwinding any and all legacy precious metals exposure including rumored 'whale-sized' shorts in the paper silver and/or gold axes, and what happens to the price of silver and gold when a massive stock position becomes 'flow' in the other direction (i.e., short covering)?

"... If indeed JPM is getting out of Dodge, is there some hope that a semblance of normalcy will return to a market best known for the AM-PM closing fix arbitrage, as well as the occasional bid stack take-out slam and close (and open) banging? Or will the buyer of the building, and vault, be none other than the Federal Reserve, which will merely take this opportunity to merge its own and the world's largest commercial gold vaults, which just happen to be located next to each other and connected by tunnel deep below the ironically named Liberty Street?"
The Zero Hedge commentary is headlined "JPMorgan Is Selling the Building that Houses Its Gold Vault" and it's posted here:

http://www.zerohedge.com/news/2013-08-18/jpmorgan-selling-building-house...

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