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Oct 15, 2013

Gerald Celente - Trends In The News - ""History Is A Map" - (10/14/13)

GATA | THE GATA DISPATCH OCTOBER 15, 2013: Fed, BIS not fooling major Asian gold buyers, Kaye tells King World News

Fed, BIS not fooling major Asian gold buyers, Kaye tells King World News

7:24a AEST Wednesday, October 15, 2013

Hong Kong-based fund manager William Kaye tells King World News that no major Asian buyers of gold are fooled by the efforts of the Federal Reserve and Bank for International Settlements to knock the gold price down to the lows of late June. Instead, Kaye says, the Asian buyers find gold "extremely attractive" below $1,300. An excerpt from Kaye's interview is posted at the King World News blog here:

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

NYT | Asian Morning Today's Top Headlines October 15, 2013: House Leaders Float New Plan After Dissent Stalls Progress

The New York Times

Tuesday, October 15, 2013

Top News
Speaker John A. Boehner said on Tuesday there are
House Leaders Float New Plan After Dissent Stalls Progress


House Republican leaders rushed out a new proposal Tuesday afternoon that would reopen the government through Dec. 15 and extend the government's borrowing authority until Feb. 7.
Prospect of U.S. Default Keeps European Business on Edge


Some business executives outside of the United States fear that, even with a debt-ceiling solution, the world economy may suffer damage that may not be easy to reverse.
A woman looks at a sculpture of a naked man, which was covered by a curtain at the entrance to the meeting hall at the United Nations in Geneva on Monday.
Iran Presents New Nuclear Proposal to Big Powers


Speaking in English and using PowerPoint, the Iranian foreign minister outlined a proposal to the big powers aimed at ending the nuclear dispute.
. Interactive Timeline on Iran's Nuclear Program
Editors' Picks


Video Video: Intersection: Free Style in Tel Aviv
In Tel Aviv's Jaffa neighborhood, Tmima Svitelman, an accountant, embraces an older eclectic style inspired by the area's famous flea market.

OPINION | Op-Ed | Murong Xuecun

Busting China's Bloggers


The vast state censorship apparatus works hard to keep microbloggers down.
Patients and family members outside a hospital following an aftershock on Tuesday in Cebu City, Philippines.
Major Earthquake Strikes Central Philippines


The powerful quake, which killed dozens, damaged major buildings in Cebu City, a heavily populated commercial center.
Israel Warns Against Partial Agreement With Iran


Israel said on Tuesday that it would "embrace a genuine diplomatic solution" to dismantle Iran's nuclear weapons program, but urged world powers not to ease sanctions prematurely.
Down a Road Less Traveled, Looking for the Still Heart of Russia

Lens Blog

Down a Road Less Traveled, Looking for the Still Heart of Russia


Inspired by a book written in 1790, a photographer set out to capture the vast differences between Russia's cities and its hinterlands.
Thinking the Unthinkable in the City of London


Money managers in Europe's financial hub still expect Washington to reach a debt deal - in part because the alternative is too dire to contemplate.


Bond Traders Shift Bets With Political Wind


Investors are scaling back their bets that the government will default in the next few weeks but increasing their bets that there will be more problems next year.
Wall Street Down as Fiscal Impasse Drags On


The uncertainty in Washington kept investors from making big bets and shifted focus away from the beginning of a busy week of earnings.
Angela Ahrendts is Apple's second big hire from the fashion industry amid reports that the company is readying an Internet-connected wristwatch.
Apple Hires Burberry C.E.O.


Angela Ahrendts will be senior vice president overseeing the strategy and operation of Apple's retail and online stores, a newly created position.
Edited Viral Video Used for Motivation at Apple

Bits Blog

Edited Viral Video Used for Motivation at Apple


A remixed version of a video made by Casey Neistat was sent internally at Apple to thank some customer service representatives for their work on the latest iPhone release.
A Day to Remember the First Computer Programmer Was a Woman

Bits Blog

A Day to Remember the First Computer Programmer Was a Woman


Almost two centuries after Ada Lovelace wrote the first computer program, women remain in the minority in technology, though people are trying to change that.
Romário has criticized the spending and the planning of the World Cup while also serving as a congressman from Rio de Janeiro.
Romário, a World Cup Champion, Is Now a World Cup Dissenter


Romário led Brazil to a World Cup title as a player in 1994, but as a congressman from Rio de Janeiro he says hosting the event next year is a waste of money.
. Ronaldo ... for the Defense
Bob Bradley coaching the Egyptian team last year.  He has stayed on despite the removal of the sports officials who hired him and the sectarian divisions among national team players.
Bob Bradley: An American Pharaoh in Egypt


Bradley, the former U.S. team coach, took on the task of restoring Egypt as a soccer power in Africa and as a World Cup finals participant for the third time in its history.
Cristiano Ronaldo has come to the defense of Ronald Gjoka, a fan who ran onto the field and embraced Ronaldo at a game in Florida on Aug. 7.
Ronaldo ... for the Defense


As Cristiano Ronaldo prepared for World Cup qualifiers last week, he wrote to authorities in defense of a fan who embraced him last summer in Florida.
U.S. News
Bob Filner in August after he agreed to resign from office.
Bob Filner, Former San Diego Mayor, Pleads Guilty to Criminal Charges


Forced out of office in August amid allegations of sexual harassment, Mr. Filner pleaded guilty to a charge of false imprisonment, among others.
Buried ice sheets in Antarctica, left over from the last ice age, are melting, and scientists may not be able to reach them this year.
An American Shutdown Reaches the Earth's End


If the government shutdown stymies Antarctic research planned for this year, it could jeopardize scientific studies built on decades of work.
Senator Susan Collins, Republican of Maine, leaving a Republican meeting and heading to the Senate floor to vote on the motion on the debt limit last week.
Senate Women Lead in Effort to Find Accord


Senator Susan Collins, Republican of Maine, frustrated with the lack of progress on the government shutdown, put together a bipartisan group to move things along.


Testing Europe's Conscience


The drowning of hundreds of migrants near the Italian island of Lampedusa is a human tragedy that requires more help from Europe and beyond.
Joe Nocera

Op-Ed Columnist

A World Without Privacy


Will Dave Eggers's new novel "The Circle" end up being prophetic? The book is a warning about how we are well on our way to losing the last shred of privacy we have.
. Columnist Page | Blog

DealBook P.M. Edition October 15, 2013: Bond Traders Shift Bets With Political Wind.

Tuesday, October 15, 2013
Bond Traders Shift Bets With Political Wind Investors are scaling back their bets that the government will default in the next few weeks but increasing their bets that there will be more problems next year.
    Citi's Quarterly Profit Misses Estimates
    Citi's Quarterly Profit Misses Estimates Citigroup, the nation's third-largest bank by assets, said its profit rose to $3.23 billion, or $1 a share, from the period a year earlier, but its results were hurt by weakness in its fixed-income unit.
    Lawyer Leaves Williams & Connolly to Start Sports Firm James L. Tanner Jr., whose N.B.A. clients include Tim Duncan and Jeremy Lin, has formed his own sports management company, Tandem Sports and Entertainment.
    Escalating War of Words in Tire Deal
    Escalating War of Words in Tire Deal Apollo Tyres indicated on Tuesday that it still wanted to acquire Cooper Tire and Rubber, but not necessarily at the agreed-on $2.5 billion price.
    Barclays' Compliance Chief to Take Leave of Absence
    Barclays' Compliance Chief to Take Leave of Absence Hector W. Sants, a former head of Britain's financial regulator, is suffering from exhaustion and stress.
    Britain Aims to Ease the Way for Chinese Banks in London
    Britain Aims to Ease the Way for Chinese Banks in London On a five-day trade mission to China, Britain's chancellor of the Exchequer discussed an effort to make London a global center for investing and trading China's currency.
    SoftBank Buys 51% of Finnish Mobile Game Maker for $1.5 Billion
    SoftBank Buys 51% of Finnish Mobile Game Maker for $1.5 Billion By acquiring a stake in Supercell, SoftBank is positioning itself to take advantage of an increase in game play that has been spurred by rising smartphone use and high-speed connections.
    Reuters Breakingviews: Citigroup's Meager Returns Citigroup's new chief executive, Michael L. Corbat, ends his first year with third-quarter earnings below estimates, and breaks that the bank got elsewhere make its overall performance look worse, writes Antony Currie.
    Reuters Breakingviews: Negative Initial Market Reaction to Changes at Top of Burberry One reason Burberry's shares fell on Tuesday is that investors hate surprises. But the bigger issue is that the company said its creative director would also be chief executive, a dual role that might be an uncomfortable stretch, writes Quentin Webb.
    Buzz Tracker
    Chastening the Giant Banks Banks have lost some of their swagger, but they are back in fighting form, reports Peter Eavis in a special report for The International New York Times. Will they always be too big to fail?
    Earnings Goldman Sachs will report earnings on Thursday, and analysts are bracing for a tepid quarter because of a slowdown in trading and questions about the strength of the economic recovery. Analysts polled by Thomson Reuters forecast a profit of $2.43 a share, down from $2.85 a share in the quarter a year earlier. Bank of America will report earnings on Wednesday.
    Google Google's desktop search advertising has been one of the most profitable businesses on the Internet for more than a decade. But people's changing digital behavior, especially on mobile phones, threatens to stop the search ad business in its tracks. When Google announces its third-quarter earnings on Thursday, investors and analysts will watch closely for signs that the company is figuring out how to make mobile, social and programmatic ad buying as lucrative as search ads before it is too late.

Wall Street at Close Report by MarketWatch October 15, 2013: Stocks fall as budget deal remains elusive.

By Kate Gibson, MarketWatch 
NEW YORK (MarketWatch)U.S. stocks tumbled Tuesday on signs of any progress toward a budget deal unraveling, two days before the nation is expected to hit its debt limit. 

At a news conference held after a closed-door session, House Republican leaders said they were still working to find a way to end the partial government shutdown and raise the debt limit. House Speaker John Boehner said lawmakers were trying to find a bipartisan way forward.
As House Republicans worked on an alternative to a bipartisan measure expected from the Senate, NBC News reported Senate budget negotiations had been postponed as senators wait to first see the House GOP plan before proceeding. And, Bloomberg News quoted Sen. Dianne Feinstein, D-Calif., as saying the discussions had “all fallen apart.” 

“I can’t imagine anybody wants to get this much closer to the deadline and not move forward with something that is passable,” said Art Hogan, market strategist at Lazard Capital Markets, referring to the expiration of U.S. borrowing authority on Thursday. 

“Someone didn’t get the memo at the House that they can’t attach anything related to the Affordable Care Act, that you’re negotiating over whether or not we should pay or bills as a country by changing a law that has already been put in place,” said Hogan. 

What Burberry’s Angela Ahrendts can do for Apple
Apple has hired Angela Ahrendts, currently chief executive of British luxury retailer Burberry Group, to head up its retail efforts. Kathy Gordon examines her use of digital marketing at the British fashion house and how she turned around the company. Photo: Bloomberg 

Fred Dickson, chief investment strategist at Davison Cos., advised clients holding more than the usual level of cash in reserve to “wait until the impasse in Washington concludes before committing cash to new equity positions.” Poll: Have you changed your portfolio because of the debt-ceiling turmoil?
The Dow Jones Industrial Average DJIA -0.87%  dropped 133.25 points, or 0.9%, to 15,168.01, with Home Depot Inc. HD +0.19%  pacing losses that included 28 of its 30 components. 

A day after closing at a three-week high, the S&P 500 index SPX -0.71%  fell 12.08 points, or 0.7%, to 1,698.06.
Citigroup Inc. C +0.08%  fell 1.5% after the bank reported earnings below estimates.

Coca-Cola Co. KO +0.32% shares shed 0.7% after the beverage maker reported a rise in third-quarter profit

Johnson & Johnson JNJ +0.69% climbed 0.1% after the provider of health-care products raised its full-year outlook

“The picture emerging from the first big day of the third-quarter reporting cycle today is a mixed one, with weak-looking results from Coca-Cola and Citigroup and a handy beat from Johnson & Johnson. We now have [third-quarter] results from 35 S&P 500 companies,” Sheraz Mian, research director at Zacks Investment Research Inc. in Chicago, noted in emailed commentary. 

While still early, fourth-quarter earnings estimates have “come down a bit in recent days. And the coming days of estimate cuts could become a more serious headwind for the market than Washington worries,” Mian added. 

“We see the current federal government partial shutdown as slightly raising fourth-quarter revenue and earnings risk factors, something that we do not see in current stock prices,” said Dickson at Davidson Cos. 

The Nasdaq Composite COMP -0.56%  declined 21.26 points, or 0.6%, to 3,794.01.
Shares of Apple Inc. AAPL +0.15%  gained 0.5% after the iPhone maker said it hired Angela Ahrendts, currently chief executive of Burberry Group PLC UK:BRBY -7.63% , to be its new retail chief. 

For every stock gaining, more than three fell on the New York Stock Exchange, where 689 million shares traded. Composite volume surpassed 3.3 billion. 

The dollar DXY +0.19% gained; commodities slid and the 10-year Treasury yield 10_YEAR +1.41%  that helps determine mortgage rates and other consumer loans rose 4 basis points to 2.731%. 

A report had manufacturing in the New York region expanding at a slower pace than anticipated this month, with the Federal Reserve Bank of New York’s index down to 1.5 from 6.3 in September.
In a speech delivered in Mexico City, New York Federal Reserve President William Dudley said the Fed’s large balance sheet would not cause it to change its monetary policy.
Kate Gibson is a reporter for MarketWatch, based in New York. Follow her on Twitter @MWKateGibson.

Wall Street at Close Report by CNBC October 15, 2013: Stocks End Near Lows Amid DC Debt Deal Drama; Dow, S&P Snap 4-Day Rally

Stocks closed sharply lower in volatile trading Tuesday, with the Dow and S&P 500 snapping their four-day rally, as ongoing worries over the impasse over the debt ceiling continued to weigh on the markets.

Major averages took a leg lower after Senator Dick Durbin said Senate fiscal negotiations have been suspended until House Republicans work out plan to proceed on debt limit and government funding.
(Read more: Relax! Government won't run out of money Thursday)
  Name Price   Change %Change
DJIA Dow Jones Industrial Average 15168.01
-133.25 -0.87%
S&P 500 S&P 500 Index 1698.06
-12.08 -0.71%
NASDAQ Nasdaq Composite Index 3794.01
-21.26 -0.56%

The Dow Jones Industrial Average dropped more than 100 points, dragged by McDonald's and IBM. The Dow was down more than 130 points at its session low.

The S&P 500 and the Nasdaq also ended sharply lower. Meanwhile, the Nasdaq 100 earlier gained to hit a fresh 13-year high. The index has soared nearly 22 percent this year.

Major averages were still in the black despite the government shutdown since the beginning of the month.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 17.

All key S&P sectors were in the red, dragged by consumer discretionary and financials. 

"The best case solution to the current government shutdown would have been for the two parties to reach an agreement on important issues before hitting the debt ceiling deadline. Unfortunately, that appears very unlikely at this late date," according to Gary Thayer, chief macro strategist at Wells Fargo Advisors.
(Read more: New center: The US isn't as divided as it looks)

To read full report click:

BIV Today's Business News October 15, 2013: Olympic Village retail on the block

Real Estate and Development

Olympic Village retail on the block

A BC Supreme Court judge has approved what she called an "unusual process" to sell The Shops at the Village on False Creek ... READ MORE

Mining and Energy


Pipeline transport
safer than road or rail:
Fraser Institute

Transporting oil by pipeline poses fewer safety risks and is less likely to lead to spill incidents than ... READ MORE

Hospitality and Tourism


Tourism Vancouver accrues $19 million debt over five years

Five years after starting to pay off its share of the Vancouver Convention Centre, Tourism Vancouver is $19 million deeper in debt than when it ... READ MORE

Ports and Shipping


Seaspan nails down large ship contracts

North Vancouver shipbuilder Seaspan has been provided a little more certainty from the federal government on which ships it ... READ MORE

More News...


Inhibiting factors for female career success are not easily identifiable: Randstad

Director and officer of B.C. company agrees to sanctions: BCSC

Capstone completes acquisition of Pinto Valley copper mine

This Week's Issue


Northern Exposure, part 2: Prince Rupert in the eye of the energy storm

Picturesque north coast fishing and mill town now besieged on all sides by mega-project plans and proposals ... READ MORE