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Feb 12, 2014

Koos Jansen: China's gold demand keeps growing, at record in January: GATA | THE GATA DISPATCH January 12, 2014.

Koos Jansen: China's gold demand keeps growing, at record in January

Submitted by cpowell on 03:46PM ET Wednesday, February 12, 2014. Section: Daily Dispatches
6:45p ET Wednesday, February 12, 2014

Gold researcher and GATA consultant Koos Jansen reports tonight that China's gold demand remains insatiable, having reached 247 tonnes in January, "more than monthly global mining production and an all-time record":
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

SEC | Press Release February 12, 2014: Fee Rate Advisory #3 for Fiscal Year 2014.

SEC Seal

02/12/2014 06:02 PM EST

The Securities and Exchange Commission today announced that starting on March 18, 2014, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars.  The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction.
The Commission determined these new rates in accordance with Section 31 of the Securities Exchange Act of 1934.  These adjustments do not directly affect the amount of funding available to the SEC.
The Office of Interpretation and Guidance in the Commission’s Division of Trading and Markets is available for questions on Section 31 at (202) 551-5777, or by e-mail attradingandmarkets@sec.gov.
The Commission will issue further notices on its website as appropriate to keep the public informed of developments relating to fees under Section 31.  

FTC | Alerts February 12, 2014: FTC: Scammers Hit New Low by Sending Fake “Funeral Notices”

Scam artists are forever trying to trick people into clicking on links that will download malware to their computers. But the latest scam takes the trick to a new low. Scammers are sending bogus emails with the subject line “funeral notification.” The message appears to be from a legitimate funeral home, offers condolences, and invites you to click on a link for more information about the upcoming “celebration of your friend’s life service.” But instead of sending you to the funeral home’s website, the link downloads malware to your computer.
In “Fake funeral notice can be deadly – for your computer,” the FTC’s new blog post about this scam, consumers will find tips to reduce the risk of downloading unwanted malware and spyware.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.  To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357).  The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad.  The FTC’s website provides free information on a variety of consumer topics.  Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

Contact Information

MEDIA CONTACT:
Office of Public Affairs
202-326-2180

For Consumers

FTC Announces Mobile Device Tracking Seminar Agenda: FTC | Press Release February 12, 2014:


The Federal Trade Commission is hosting a Spring Privacy Series on emerging consumer privacy issues, and the first event on Feb. 19, 2014 in Washington, D.C., will explore mobile device tracking. With retailers and other businesses tracking consumers’ movements throughout and around retail stores, the FTC is exploring potential privacy concerns and questions about these practices.
The Commission’s Chief Technologist Latanya Sweeney will conduct a mobile location tracking demonstration in the hallway directly outside the conference center for all interested individuals at 9:30 a.m. The complete agenda is as follows:
9:00 a.m. – 10:00 a.m.Registration/Doors Open
 From 9:30 a.m. - 9:55 a.m., as well as immediately following the  workshop, FTC Chief Technologist Latanya Sweeney will provide a mobile location tracking  demonstration. 
10:00 a.m. – 10:05 a.m.Welcome
10:05 a.m. – 10:25 a.m.Technical Overview: Ashkan Soltani, Independent Researcher and Consultant
10:25 a.m. - 12:00 p.m.Panel Discussion
 Moderators:   
Amanda Koulousias & Kristen Anderson, Attorneys
Division of Privacy and Identity Protection, FTC
 Panelists:
Mallory Duncan, Senior Vice President and General Counsel, National Retail Federation
James Riesenbach, Chief Executive Officer, iInside
Seth Schoen, Senior Staff Technologist, Electronic Frontier Foundation
Glenn Tinley, President and Founder, Mexia Interactive
Ilana Westerman, Chief Executive Officer, Create with Context
The FTC invites live webcast viewers to submit questions to moderators online. Staff will live-tweet the workshop, and take questions via Twitter, Facebook, and email.
The live webcast will begin at 10:00 a.m. ET (link will be active here shortly before the seminar begins). Viewers can submit questions throughout the day via the following channels:
Twitter: Commission staff will tweet workshop highlights from its @FTC account and use the hashtag: #FTCmobile.
Facebook: Post questions to the mobile device tracking comment thread on the FTC’s Facebook page.
Email: Submit questions via email to mobiledevicetracking@ftc.gov.
FTC staff members will do their best to answer as many questions as possible from the audience and online during the seminar.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.  To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

Contact Information

MEDIA CONTACT:
Cheryl Warner
Office of Public Affairs
202-326-2480
STAFF CONTACT:
Amanda Koulousias
Bureau of Consumer Protection
202-326-3334

NYT | Asia Morning Today's Headlines February 13, 2014: Emerging Markets in Asia in a Delicate Limbo.

The New York Times
NYT Apps|

Thursday, February 13, 2014


Top News
Cargill is racing to finish a cocoa bean processing plant in Surabaya, Indonesia.
Emerging Markets in Asia in a Delicate Limbo

By KEITH BRADSHER

The global currency crisis has forced markets to confront weak commodity exports before strong domestic demand can help them recover their balance.
Mark J. Carney, the governor of the Bank of England, speaks on Wednesday in London.
Bank of England Moves Away From Unemployment Trigger

By STEPHEN CASTLE and JULIA WERDIGIER

The central bank's governor said decisions on a rate increase would now be linked to a range of factors, and monetary tightening was some way off.
After G.O.P. Leaders Step In, Senate Votes to Raise Debt Ceiling

By ASHLEY PARKER

Senate Republican leaders rescued a measure to raise the nation's borrowing limit, overcoming a threatened filibuster to clear the way for final approval.
For more top news, go to INYT.com
Editors' Picks

OPINION | OP-ED CONTRIBUTOR

Czar Vladimir's Illusions

By MIKHEIL SAAKASHVILI

While the Kremlin squanders Russia's wealth, Georgia, its once-impoverished neighbor, is thriving.

FASHION & STYLE

Video VIDEO: New York Fall 2014: Elements | Shape
A thematic visual diary of New York Fashion Week inspired by the essential building blocks of fashion and style.
World
With balconies and air-conditioning, the new apartments for Cuba's middle ranks are a sign of a hybrid economy in which the state must compete with private enterprise.
Cuba's Reward for the Dutiful: Gated Housing

By DAMIEN CAVE

With new apartments for families tied to the military and the interior ministry, President Raúl Castro is redoubling efforts to elevate the faithful and maintain their loyalty.
Obama Greets France's Leader, but Warns Against Doing Business With Iran

By MARK LANDLER

President Obama's comments, made at a news conference with the French president looking on, were provoked by French executives' recent trips to Tehran.
President Obama and his wife, Michelle, flank President François Hollande of France before a state dinner at the White House on Tuesday. Mr. Hollande came without his longtime partner, Valérie Trierweiler, after announcing they had split last month.
State Dinner Guest List for Hollande Is Impressive, if Minus One

By MARK LANDLER

When President François Hollande of France arrived at the White House for a dinner in his honor Tuesday evening, he was most conspicuous for traveling alone.
For more world news, go to NYTimes.com/World
Business

MACHINE LEARNING

Two Game Consoles Battle for a Dubious Prize

By MOLLY WOOD

With games readily available for smartphones and tablets, the question of which is better - Microsoft's XBox or Sony's PS4 - may be moot.
3.3 Million Enrolled on Health Marketplaces, Including More Young People, Government Says

By ROBERT PEAR

About one-fourth of the total are the young adults so avidly sought by insurers because they are usually healthier and need fewer medical services.
Rival Industries Sweet-Talk the Public

By ERIC LIPTON

Court documents show that the corn refinery and sugar industries spent millions to enlist academics and lobbying groups to support a secret public relations war over the market for sweeteners.
. Documents  Document: A War Over Sweetener Market Share
For more business news, go to INYT.com/Business
Technology
Satoshi Matsuoka, the project leader, with the Tokyo Institute of Technology supercomputer that is cooled with mineral oil rather than air conditioning.
Liquid-Cooled Supercomputers, to Trim the Power Bill

By ERIC PFANNER

Looking to reduce energy bills and environmental strains, operators of supercomputers are immersing them in cooling liquids.
The Samsung Galaxy S4, left, and an iPhone 5. Apple and Samsung have sucked up the vast majority of industry profit for years.

BITS BLOG

Apple and Samsung Took All Handset Profits in Fourth Quarter

By BRIAN X. CHEN

Last year, Asian handset makers like Huawei and Lenovo gained traction in the mobile phone business, but Samsung Electronics and Apple made all of the industry's profits.
Google Glass, which has a well-designed interface, has a short battery life compared with today's smartphones.

BITS BLOG

For Wearable Computers, a New User Interface Challenge

By NICK BILTON

The battery life of smart watches and computerized glasses could prove to be the most important aspect of wearable gadgets.
For more technology news, go to NYTimes.com/Tech
ADVERTISEMENT
Sports
With a flair for the dramatic, Derek Jeter homered for the 3,000th hit of his career on July 9, 2011.
Jeter Says He'll Retire at End of 2014 Season

By DAVID WALDSTEIN

Derek Jeter, entering his 20th season with the Yankees, announced Wednesday on his official Facebook fan page that 2014 would be his final year of professional baseball.
Masahiro Tanaka, standing next to Joe Girardi, was introduced in a private dining room on ground level of Yankee Stadium.
Yankees' Newest Star Welcomes Biggest Stage

By TYLER KEPNER

Masahiro Tanaka buttoned up a No. 19 pinstriped jersey at Yankee Stadium, tugged on that famous navy blue cap and proclaimed, in English, "I'm very happy to be a Yankee."
. On Rented 787, Tanaka Makes Entrance That Is 'So Yankees'
. Matsuzaka Says Tanaka's Biggest Adjustment May Be to Life in the U.S.
. Mets Sign Reliever Jose Valverde
Celebrating gold in the men's combined at the Olympics in Sestriere, Italy, in 2006.
Told to Be 'Realistic,' Ted Ligety Defied His Doubters

By BILL PENNINGTON

Ligety was no ski racing prodigy when he was growing up in Utah, but his tenacious pursuit of excellence made him one of the world's best.
. Video  Video Feature: Ted Ligety's Unique Giant Slalom
For more sports news, go to INYT.com/Sports
U.S. News
Mr. Nagin in January.
Ex-Mayor of New Orleans Guilty on Corruption Charges

By CAMPBELL ROBERTSON

A federal jury deliberated for about six and a half hours before finding C. Ray Nagin guilty of accepting payoffs for city contracts.
Snowplows cleared a deserted interstate in Atlanta.
Hundreds of Thousands Lose Power as Ice Paralyzes South

By KIM SEVERSON

More than 200,000 customers were without electricity in Georgia on Wednesday as a storm moving across the Deep South blanketed the region in ice, grinding travel to a standstill. And it was only going to get worse.
For more U.S. news, go to NYTimes.com/US
Opinion

TODAY'S EDITORIALS

6 Million Americans Without a Voice

By THE EDITORIAL BOARD

States should listen to Attorney General Holder and repeal unjust and outdated felon disenfranchisement laws.
. Medicaid Expansion, Red-State Style
. Demonizing Gays in Africa
Thomas L. Friedman

OP-ED COLUMNIST

Israel's Big Question

By THOMAS L. FRIEDMAN

As Secretary of State John Kerry readies his framework for peace, there is some soul-searching to do.
. Columnist Page
Thomas B. Edsall

OP-ED | THOMAS B. EDSALL

Whatever Happened to 'Every Man a King'?

By THOMAS B. EDSALL

How we can "make haves out of the have-nots without taking it away from the haves."
For more opinion, go to INYT.com/Opinion

Export-Import Bank of the U.S. | Press Release February 12, 2014: . Project Finance International Names Ex-Im Bank “Multilateral” of the Year



Media Contact: Lawton King (202-565-3200)
For Immediate Release: Wednesday, February 12, 2014

Project Finance International Names Ex-Im Bank “Multilateral” of the Year

Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) was named 2013’s Global Multilateral of the Year by Project Finance International (PFI) in recognition of the Bank’s “game-changing” deals and its strategic portfolio expansion.

“We are very appreciative of Project Finance International’s recognition of our work on behalf of U.S. exporters and their operations abroad,” said Export-Import Bank Chairman and President Fred P. Hochberg.“In today’s hyper-competitive environment, Ex-Im Bank’s role is indispensable for responding to gaps in export financing and leveling the playing field for U.S. exporters. Supporting American jobs is at the forefront of what we do.”

PFI also listed two of Ex-Im Bank’s 2013 Middle East transactions on its “Roll of Honour,” namely, Ex-Im Bank’s direct loan to the Sadara Chemical Company for the construction of a petrochemical plant in Saudi Arabia and the Bank’s direct loan to Emirates Aluminum Company Ltd. for the expansion of a smelter complex in the U.A.E.

The Sadara transaction still ranks as Ex-Im Bank’s largest authorization in its history and supported a record 18,400 American jobs, including 2,300 small-business jobs.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.

In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. Small business exporters can learn about 
how Ex-Im Bank products can help them increase foreign sales athttp://go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.

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DealBook P.M. Edition February 12, 2014: Former Top S.E.C. Enforcer Returns To Milbank

For the latest updates, go to dealbook.nytimes.com »
WEDNESDAY, FEBRUARY 12, 2014
TOP STORY
George Canellos was a partner at Milbank, Tweed, Hadley & McCloy before joining the Securities and Exchange Commission in 2009.
Former Top S.E.C. Enforcer Returns To MilbankGeorge Canellos, the latest Wall Street regulator to switch sides, will start his new job in mid-March, two months after leaving the Securities and Exchange Commission.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
Sallie L. Krawcheck in 2013. In the interview on Wednesday, she described why she chose to become a research analyst after having been a banking executive.
Krawcheck Says Women on Wall Street Have 'Gone Backwards' It has long been a feature of Wall Street that women are underrepresented in the executive ranks. But since the financial crisis, the situation has gotten worse, Sallie L. Krawcheck, a former executive at Bank of America and Citigroup, said in an interview on Bloomberg TV.
Chief Executive Turnover High in January, Report Says More than 130 C.E.O.'s stepped down from their posts in January. It may indicate better times for the corporate sector, as boards are more inclined to shuffle management when business is good.
A woman descends the stairs of Standard Chartered's offices in Hong Kong. The British bank earns most of its profit in Asia.
Standard Chartered Looking to Sell Swiss Private Bank The British bank, which makes much of its profit in Asia, is exiting or selling business lines outside of its core markets as part of a streamlining effort.
Grupo Bimbo already has a number of well-known bread brands, including Thomas' English muffins.
Grupo Bimbo to Buy Canada Bread for $1.7 BillionCanada Bread, a Toronto-based baking company that is 90 percent owned by Maple Leaf Foods, is being sold for $1.83 billion Canadian dollars, or $1.67 billion.
Gerardo Garcia, a Bimbo Bakery employee, at the company's warehouse in Bedford Park. Ill.
Reuters Breakingviews: Doing the Math on Grupo Bimbo's Deal for Canada Bread Economic fluctuations have little effect on demand for bread, and even with this acquisition, Bimbo has kept its debt to a reasonable level, Robert Cyran of Reuters Breakingviews writes.
Cliffs Natural Resources, a mining company, is one of the world's top ore producers.
Activist Fund to Back C.E.O. Candidate at CliffsCasablanca Capital plans to disclose on Wednesday that it is backing Lourenco Goncalves, the former chief executive of Metals USA, as its choice to lead Cliffs Natural Resources.
Whitney Tilson,  managing partner of Kase Capital Management.
Another View: Evaluating the Dearth of Female Hedge Fund Managers Women are underrepresented across the financial sector, but the problem is particularly acute at the top levels of the hedge fund industry. Whitney Tilson asks why, and invites reader comments in the Another View column.
Imerys to Buy U.S. Materials Firm for $1.6 Billion The French specialty materials maker said it expected the acquisition of Amcol International to "generate significant commercial and operational synergies."
Frédéric Oudéa, the chairman and chief executive of Société Générale.
Société Générale Swings to Fourth-Quarter Profit The French bank's earnings of 322 million euros, or $439 million, rose across the board and were more than double the market consensus.
LOOKING AHEAD
Muted Expectations for European Banks Reserve charges related to past sins are expected to drag down earnings at several European banks when they report their 2013 results this week. Lloyds Banking Group, which is partly owned by the British government, is expected to post a charge of 1.9 billion pounds, or $3.1 billion, to cover potential claims when it reports its fourth-quarter results on Thursday.
Crucial Gauge of Growth in Europe Is Set for Release It should become clearer on Friday whether the euro zone is continuing its slow climb out of recession, when the European Union statistics agency releases its first estimate of gross domestic product growth for the last three months of 2013. Analysts at Barclays forecast that euro zone output rose 0.2 percent in the quarter, an annual growth rate of about 0.8 percent. That would be a slight acceleration from the third quarter, when the euro zone just barely emerged from recession with growth of 0.1 percent.
For the latest updates, go to dealbook.nytimes.com »