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Sep 5, 2013

Gerald Celente - Lieberman Live - September 4, 2013

N.S.A. Foils Much Internet Encryption: NYT | Global Update September 5, 2013.

The New York Times International Herald Tribune
September 5, 2013
Compiled 20:47 GMT

Global Update


N.S.A. Foils Much Internet Encryption

The National Security Agency has secretly circumvented or cracked much of the digital scrambling that protects global commerce, e-mails, phone calls, medical records and Web searches.

Brutality of Syrian Rebels Posing Dilemma in West

Many Syrian rebels have adopted some of the chillingly ruthless tactics of the government, raising the prospect that a military strike could strengthen extremists.

Across a Border, Iraqis See Replays of Past and Fears for Future

As the debate over military action in Syria has unfolded in the West, Iraqis see the fate of the two countries as inextricably intertwined.

Interactive Graphic: Where Lawmakers Stand on Military Action in Syria

A tally of lawmakers' stances on military action in Syria.


The Tragedy of Mohamed El Beltagi

Once again, Egypt faces the same stale, false choice between religious extremism and a police state.

Smiling, Obama and Putin Mask Their Disputes

President Obama is in Russia for an international summit meeting officially focused on economics but unofficially absorbed by America's looming confrontation with Syria.

New U.S. Envoy to U.N. Strongly Condemns Russia

The ambassador, Samantha Power, in her first extensive public remarks on Syria, said Russia was holding the Security Council hostage in taking action.

Syria Crisis Reveals New Paradigm

The balance in many nations between politics at home and the ability to project military power abroad seems to have shifted into a new and more circumspect era.

Italian Plant's Abrupt Shutdown Stirs a Debate

An Italian maker of elevator components closed while its workers were on vacation, fueling outrage over a move that one worker called "a knife to the stomach."

European Central Bank Chief Tamps Down Optimism

Mario Draghi's remarks, made after the bank held rates steady, were unexpectedly pessimistic and could dampen hopes that the euro zone is finally on the mend.

In Fed Succession, Obama's Favorite Faces Opposition

Decision time is here, and while President Obama has not settled on who should take over the Federal Reserve, he still favors Lawrence Summers.
Bits Blog

Americans Go to Great Lengths to Mask Web Travels, Survey Finds

Ordinary Americans seem to be going to great lengths to keep some of their online behavior to themselves, challenging the "if you've got nothing to hide" meme.

F.T.C. Says Webcam's Flaw Put Users' Lives on Display

In a case that highlights the vulnerabilities of digitally connected devices like appliances and cars - the so-called Internet of Things - the F.T.C. censured a maker of video cameras.

Privacy Groups Lobby to Block Facebook Policy Changes

Advocates told the Federal Trade Commission that changes to Facebook's privacy policies violate an order to obtain consent before using personal information for commercial purposes.

Cities Vying for 2020 Olympics Have Their Drawbacks

All three candidate cities to host the 2020 Summer Games - Istanbul, Tokyo and Madrid - presented risks ahead of Saturday's vote.

Hungary-Romania Qualifier Is Only Partly About Soccer

Hungary will play Romania on Friday in a critical 2014 World Cup qualifier for both teams against a politically charged backdrop and amid rising tensions between the nations.

In Europe, Focus Turns to World Cup Qualifiers

A number of players who switched to new soccer clubs this week will be asked to tune out that distraction and concentrate on their national team duties.

A Multitasking Video Game Makes Old Brains Act Younger

Using a video game for training, researchers gave older people more youthful cognitive thinking, according to a study published in Nature.

Parishioners Find Removal of Memorial Stones an Added Indignity

A Roman Catholic diocese's modernization efforts for the Crystal Cathedral include digging up inscribed granite stones purchased by churchgoers.

Albuquerque Becomes Latest Focal Point in Abortion Wars

Operation Rescue, the militant anti-abortion group based in Kansas, is calling Albuquerque the "late-term abortion capital of the country."
Op-Ed Columnist

The Era of Disbelief

This time, Americans are questioning everything - as they should.
Op-Ed Columnist

The Right Questions on Syria

Sitting on our hands as Syrians are slaughtered is not "pro-peace."
Op-Ed Contributors

What Sir William Would Do in Syria

Intervention in Syria without a political plan for peace is folly.

Wall Street at Close Report by MarketWatch September 05, 2013: U.S. Stocks extend ganis third day

U.S. stocks extend gains into third day

By Kate Gibson, MarketWatch 
NEW YORK (MarketWatch) U.S. stocks on Thursday climbed for a third consecutive session, with the Dow Jones Industrial Average posting its longest winning run since the middle of July, as investors looked to the government’s monthly jobs report.

“Friday’s numbers will be closely watched, as that might influence the administration of the taper program,” said Jim Russell, senior equity strategist for US Bank Wealth Management, referring to signals from the Federal Reserve that it would start easing monetary stimulus later this month.

Unless the August jobs report is a “disaster, like some really weak number,” central-bank tapering in September is a done deal, said Doug Foreman, chief investment officer, at Kayne Anderson Rudnick. “I’d be very surprised if the number was weak enough to get the Fed to change its mind.” “What they say about any future plans will probably be more important,” Foreman added. 

The Labor Departments will release its August jobs report at 8:30 a.m. Eastern time. Economists polled by MarketWatch expect that the economy created 173,000 jobs and the unemployment rate remained at 7.4%. 

Economic reports ahead of the open Thursday had weekly jobless claims falling more than forecast and private-payrolls growth coming in slightly below expectations.


Previewing Friday's jobs report
Paul Vigna and Commonwealth Financial’s Brad McMillan look ahead to the August jobs report, and David Benoit discusses BlackBerry's upcoming auction. Photo: Getty Images. 

Scaling back from a 57-point rise, the Dow Jones Industrial Average DJIA +0.04%  ended at 14,937.48, up 6.61 points, or a gain of less than 0.1%. 

The S&P 500 index SPX +0.12% climbed 2 points, or 0.1%, to 1,655.08, with industrials and energy leading sector gains and telecommunications and utilities leading industry-group declines.
Rising the most on the S&P, Fastenal Co. FAST -0.38%  rose 6% after the construction-supplies retailer reported a jump in sales last month. 

The Nasdaq Composite COMP +0.27% advanced 9.74 points, or 0.3%, to 3,658.78.
For every seven stocks rising, roughly eight fell on the New York Stock Exchange, where 630 million shares traded. Composite volume surpassed 2.9 billion. 

Investors were also cautious as President Barack Obama arrived in St. Petersburg on Thursday for the G-20 gathering. Ahead of the summit, China and Russia cautioned that reduced stimulus by the U.S. central bank could hinder the global economy. Follow live updates: G-20 leaders’ summit in St. Petersburg, Russia.
“We are going to get more data tomorrow, nonfarm payrolls, which is key, and linked very tightly around Fed taper decisions. And we’ll probably know more next week around Syria, and the uncertainty there. The noises out of the G-20 this weekend could be telling about what path the U.S. might take,” said Russell, referring to Obama’s effort to garner international backing for retaliatory strikes against the Syrian regime following a chemical-weapons attack last month that killed more than 1,400 civilians in a suburb outside of Damascus. 

“We’re hopeful of course a dialogue can happen where everyone wins,” said Russell of potential discussions between Obama and Russian President Vladimir Putin, an ally of the Syrian government.
“Tailored and limited in scope, I think the market is content with applying a spanking to Syria with those attributes,” Russell added. 

On Thursday, “the service-sector ISM, that is the data point of the day,” Russell said of the gauge, which rose to 58.6% from 56%, above the level needed to “confirm a strong ISM manufacturing number earlier this week and also that the U.S. economy continues to make headway.” 

Group of 20 leaders summit runs through Friday in St. Petersburg, Russia.
U.S. Treasury prices fell, with the 10-year yield 10_YEAR -0.13% rising 9 basis points to 2.991%.
On the New York Mercantile Exchange, crude-oil futures CLV3 +1.18%  climbed $1.14, or 1.1%, to $108.37 a barrel. Gold futures GCZ3 -1.63% fell $17, or 1.2%, to $1,373 an ounce. 

The dollar DXY +0.58%  gained against the currencies of major U.S. trading partners, including the euro EURUSD -0.01% and the yen USDJPY +0.03%

Factory orders fell 2.4% in July, with the drop less than economists polled by MarketWatch had expected. 

On Wednesday, stocks climbed for a second session after Ford Motor Co. F -0.12% reported its best-retail-sales month in seven years and the Fed’s Beige Book survey of economic conditions found the modest to moderate growth in July and August. 

Kate Gibson is a reporter for MarketWatch, based in New York.

DealBook P.M. Edition September 05, 2013: Brazilian Regulators Open a New Inquiry Into Batista

Thursday, September 5, 2013
Brazilian Regulators Open a New Inquiry Into Batista Brazil's securities and exchange commission says it has opened a new formal investigation into the business dealings of the onetime billionaire Eike Batista and five other executives of the petroleum company OGX.
    A New Divestment Focus: Fossil Fuels Concern over global warming has spurred students to dust off investment choice as a weapon in their campaign. But whether it will be as effective this time is another matter.
    Thai Trader Settles Smithfield Insider Trading Case A Bangkok-based trader has agreed to pay $5.2 million to settle charges that he traded on insider information tied to Smithfield Foods' proposed $4.7 billion sale to a Chinese food processor, the Securities and Exchange Commission announced on Thursday.
    In Debt: A Banking Bankruptcy That Takes a Different Path A small bank holding company in Wisconsin plans to use Chapter 11 to recapitalize, not to liquidate as typically happens. The company hopes to use the bankruptcy to save its bank, AnchorBank, says Stephen J. Lubben.
    Bushnell, Maker of Gun Accessories, Is Sold for $985 Million The deal is one of the first since the Newtown, Conn., school shooting, an incident that has put pressure on some owners of gun manufacturers and related products to sell their holdings.
    Hearsay Social Raises $30 Million to Give Bankers an Online Presence The Silicon Valley start-up - and its investors - are betting that highly regulated companies will see social media channels as a way to make money.
    Russian Tech Giant Sells Facebook Shares for $525 Million The Russian Internet company has sold its remaining stake in Facebook for about $525 million, benefiting from a strong rebound in its share price.
    Breakingviews: Amgen Investors Gain From Having an Ex-Investment Banker as C.E.O. Amgen's deal to buy Onyx Pharmaceuticals shows the value of having a tough negotiator at the helm, says Rob Cox.
    Economic Data Information to be released this week includes the United States unemployment report for August (Friday).
    Corporate Earnings Companies scheduled to report results include Smithfield Foods (Friday).

Wall Street at Close Report by CNBC September 05, 2013: Stocks Post Gains for third-straight day, 10 year Treasury yields near 3%.

Stocks post gains for third-straight day, 10-year Treasury yields near 3%

Stocks eked out gains for a third-consecutive session Thursday, with the 10-year note yield pushing closer to the psychological threshold of 3 percent, as investors digested a flurry of economic reports and ahead of the government's widely-watched monthly jobs report.
(Read more: Pro strategies as 10-year nears 3 percent )
Name Price Change %Change
DJIA Dow Jones Industrial Average 14937.48
6.61 0.04%
S&P 500 SandP 500 Index 1655.08
2.00 0.12%
NASDAQ Nasdaq Composite Index 3658.78
9.74 0.27%

The Dow Jones Industrial Average squeezed out a gain of 6.61 points to close at 14,937.48, led by American Express. The blue-chip index traded in a narrow 65-point range.
The SandP 500 ticked up 2 points to finish at 1,655.08. And the Nasdaq rose 9.74 points to end at 3,658.78. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 16.

The Dow and SandP 500 are poised for their best week in nearly two months.
Among key SandP sectors, financials gained, while interest-rate sensitive areas such as telecoms and utilities slumped.
Star fund manager's top 3 picks
4-star fund manager Randy Bateman of Huntington Funds explains why he likes Sanderson Farms, Evercore and Myriad Genetics. 
"On average, over the last 50 years, September has been the worst month of performance for the S&P 500 Index by far," wrote Scot Wren, senior equity analyst at Wells Fargo Advisors. "Over the next few weeks, investors will be presented with a number of issues that are going to drive stock market behavior in at least the nearer term and possibly much longer." "The list is long," he continued. "The future of the Fed's QE program, Syria, the debt ceiling debate in Congress and German elections to name a few." On the economic front, the pace of growth in the services sector rose to its highest since December 2005, according to the Institute for Supply Management. The 10-year Treasury yield topped 2.97 percent following the report, hitting a fresh two-year high. (Read more: Art Cashin: Beware this market 'trip wire') But factory orders dropped 2.4 percent in July, according to the Commerce Department. On the jobs front, weekly jobless claims declined to a near five-year low, according to the Labor Department. And the number of jobs in the private sector grew by 176,000 in August, up from 200,000 jobs created in the previous month, according to payroll processing giant ADP. Meanwhile, the number of planned layoffs soared to hit its highest in nearly six months, according to a report from consultants Challenger, Gray & Christmas. The trio of employment data came a day ahead of the Labor Department's widely-watched employment report on Friday, almost two weeks before the Fed's September policy-setting meeting. Economists polled by Reuters expect non-farm payrolls to have increased by 180,000 jobs last month, up from a gain of 162,000 the month prior.  (Read more: To taper or not: Jobs scrutinized for next Fed move) "Uncertainty's always a negative in the short-term for the market, but the underlying trend in the economy has been good and that's a positive," said John Fox, co-manager of the FAM Value Fund.
Groupon soared after Morgan Stanley raised its rating on the daily-deal site to "overweight" from "equalweight." Costco rose after the wholesale retailer posted August same-store sales that exceeded Wall Street estimates, despite lower fuel costs and weak foreign exchange rates. Yahoo unveiled a new logo, the first re-design since the firm was founded nearly 20 years ago. The redesigned look is part of a makeover that Yahoo has undergone since Marissa Mayer to became the company's CEO a little over a year ago. JCPenney soared following reports from the New York Post that the retailer is scrapping the Martha Stewart brand due to poor sales of the brand. The move comes as a judge is expected to soon rule in a lengthy court battle between JCPenney and Macy's over which chain has the right to sell the Martha Stewart line. Shares of Martha Stewart Living dropped as the company said it has no intention of ending its agreement with JCPenney. The euro dropped to a 6-1/2 week low against the U.S. dollar as the European Central Bank kept rates on hold, with ECB President Mario Draghi repeating that the central bank is committed to keeping interest rates low for an extended period. Meanwhile, President Barack Obama faced growing pressure from world leaders not to launch military strikes in Syria at the Group of 20 summit on the global economy in St. Petersburg, Russia. U.S. Senate Majority Leader Harry Reid said he is "guardedly optimistic" that the Senate will approve approve Syria use-of-force resolution by the end of next week, according to Reuters, citing a Senate aide. The Senate's Foreign Relations Committee approved the authorization of limited military intervention in Syria on Wednesday, setting the stage for a contentious debate in the Senate on September 9, when it is expected to vote on military action.
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter:

Google may help predict the next recession: C.D. Howe: BIV Today's Business News September 05, 2013.

Economy and Finance

Google may help predict the next recession: C.D. Howe

Could Google have helped policymakers predict the Great Recession? Apparently so, according to ... READ MORE



Ainsworth Lumber to be acquired by Louisiana-Pacific for $1.1 billion

Louisiana-Pacific Corporation (LP) (NYSE:LPX) has signed an agreement to acquire ... READ MORE



Automated customs clearance now available to Canadian travellers at YVR

Canadian travellers will now be able to use automated customs clearance technology when ... READ MORE


Business groups to put spotlight on transit funding this fall

This fall, Vancouver’s business community is hoping to bend the ear of Transportation Minister Todd Stone on ... READ MORE

More News...


Industry minister announces launch of $110 million technology demonstration program

Entering Trans-Pacific Partnership could increase exports by $15.7 billion: Fraser Institute

This Week's Issue


Top gear: Vancouver’s luxury retail appetite grows

On July 31, Pfaff Automotive Partners announced the grand opening of ... READ MORE

CMI | Spot Prices as of Close of Trading in New York September 05, 2013.

 Spot Prices as of close of trading in New York
Thursday, September 05, 2013

Updated 9/05/2013 Today Change Week Ago Month Ago Year Ago
GOLD $1,374.15 -$17.80 $1,413.70 $1,303.65 $1,693.20
SILVER $23.33 -$0.17 $24.17 $19.79 $32.36
PLATINUM $1,484.90 -$13.90 $1,526.60 $1,449.40 $1,578.10
PALLADIUM $689.00 -$14.70 $739.80 $737.30 $649.50

Five Hurdles the Market Must Clear this Fall: MoneyShow Investors Daily Alert,September 05, 2013.

No-Nonsense Investing
Growth and Income ETFs, Marvin Appel
Today's Featured Videos
When in Doubt, Stay Out, Marilyn Cohen