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Mar 17, 2014

RT News March 17, 2014: The Keiser Report Preview of Tuesday's Report.


Keeping orgy of fraud going
RT
Watch the full Keiser Report Episode 576 on Tuesday!

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss teddy bears, sunk cost fallacies and home buying binges. They also look at Wells Fargo returning to the subprime mortgage market just as Blackstone may be looking to bail on its 43,000 single family homes. In the second half, Max interviews Chris Whalen about the imminent default in Puerto Rico and what this could mean for the greater debt market.



FOLLOW Max Keiser on Twitter: http://twitter.com/maxkeiser

WATCH all Keiser Report shows here:
http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200)
http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400)
http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1Kp­hSugBB7iZqbFyz (E401-current)

Canada announces free trade agreement with South Korea: BIV | Asia Pacific March 17, 2014


Asia Pacific

Canada announces free trade agreement with South Korea

Prime Minister Stephen Harper announced March 11 that negotiations have been concluded on a ... READ MORE

Transportation

 

China Southern to add more Vancouver flights

China Southern Airlines (CSA) became the first airline to offer daily Boeing 787 flights out of Vancouver when it ... READ MORE

Fisheries

 

Fisherman fear continued erosion of B.C. herring industry

Exports of West Coast herring roe to Japan have varied dramatically during ... READ MORE

Jonathan Manthorpe

 

Thailand investment increasingly mired in political turmoil

There are signs that Japanese investors are growing weary of the seemingly endless ... READ MORE

More News...

  

China: China records trade deficit in February

Japan: Japan gets first female bank boss

Indonesia: Drought sparks early forest fire season

NYT | Asian Morning Today's Headlines March 18, 2014: Defying Sanctions, Putin Declares Crimea Independent

The New York Times
NYT Apps|

Tuesday, March 18, 2014


Top News
Cossacks installed a Russian flag and a Crimean flag on the roof of the City Hall building on Monday in Bakhchysarai, a city in central Crimea.
Defying Sanctions, Putin Declares Crimea Independent

By STEVEN LEE MYERS, PETER BAKER and ANDREW HIGGINS

Brushing aside Western condemnation, President Vladimir V. Putin decreed Crimea was independent from Ukraine, a possible precursor to annexation.
. Video  Video: U.S. Imposes New Sanctions on Russia
. Markets Shrug Off Crimea Vote
A Malaysia Airlines Boeing 777-200ER, flight 318 to Beijing, sat on the tarmac Monday at Kuala Lumpur International Airport. Flight 318 replaces 370, retired out of respect to the passengers and crew of the missing plane.
Malaysia Backtracks on When Airliner's Communications Were Disabled

By KEITH BRADSHER and CHRISTOPHER BUCKLEY

The authorities said Monday that they could not pinpoint precisely when the system was turned off, reversing earlier assertions.
As U.S. Looks for Terror Links in Plane Case, Malaysia Rejects Extensive Help

By MICHAEL S. SCHMIDT and SCOTT SHANE

With no obvious motive apparent, American investigators are considering a wide range of possibilities but caution that all remain merely speculative.
. Investigators in Jet Search Rely on an Imperfect Tool
. India Suspends Its Search for Flight 370
For more top news, go to INYT.com
Editors' Picks

WORLD

Video VIDEO: Crimeans, at the Crossroads
On Sunday, the referendum on the status of Crimea divided the population of the multicultural region.

OPINION | OPINIONATOR | THE GREAT DIVIDE

On the Wrong Side of Globalization

By JOSEPH E. STIGLITZ

Trade agreements like the Trans-Pacific Partnership would make our problems worse.
World
President Obama announced sanctions aimed directly at President Vladimir V. Putin's inner circle.

TEXT

Obama's Statement on New Sanctions Against Russia
Following is a transcript of President Obama's announcements of new sanctions in response to Russian actions in Ukraine.
People waved Russian flags at Lenin Square on Monday in Simferopol, the Crimean capital.
Lawmakers in Crimea Move Swiftly to Split From Ukraine

By DAVID M. HERSZENHORN and ALAN COWELL

The Crimean Parliament declared its independence from Ukraine and formally asked to join Russia, and while Moscow embraced the move, the Kremlin has not declared its intentions.
. Markets React Calmly to Crimea Vote
A crowd supporting Russia gathered Sunday in Kharkiv, Ukraine. It briefly confronted police officers outside a government office.

NEWS ANALYSIS

Global Crises Put Obama's Strategy of Caution to the Test

By DAVID E. SANGER

Turmoil in Ukraine and Syria is challenging President Obama's attempts to change the way the United States deals with its overseas adversaries.
For more world news, go to NYTimes.com/World
Business
Something 'Very Wrong' in G.M. Processes, Chief Says

By BILL VLASIC

In a message to employees, Mary T. Barra vows to change internal procedures to prevent future delays in recalls.
. Canada Explores G.M. Link to Accidents
Beginning Monday, China will widen the yuan's daily trading band to 2 percent from 1 percent.

NEWS ANALYSIS

In China, Shaking Up Currency's Strength

By NEIL GOUGH

Recent developments suggest that the renminbi's day-to-day strengthening is no longer the certainty it once appeared to be.
. Currency Market Cautious on Renminbi Policy Change
Erika McCurdy, 40, of Chattanooga, Tenn., until recently made $9 an hour as a nurse's aide, not enough to keep her family above the poverty line.
Low-Wage Workers Are Finding Poverty Harder to Escape

By STEVEN GREENHOUSE

For those at the low end of the hourly wage scale, even meeting basic household needs can be a stretch, and roads out of poverty are scarce.
For more business news, go to INYT.com/Business
Technology
The Bicep2 telescope, in the foreground, was used to detect the faint spiraling gravity patterns - the signature of a universe being wrenched violently apart at its birth.

SCIENCE TIMES

Detection of Waves in Space Buttresses Landmark Theory of Big Bang

By DENNIS OVERBYE

Astronomers looking back 13.8 billion years found ripples in the fabric of space-time that support the theory of a universe being wrenched violently apart around its inception.
Start-Ups Aim to Conquer Space Market

By QUENTIN HARDY and NICK BILTON

The start-up Planet Labs is challenging the giants of the space industry by producing dozens of small satellites that are cheaper and quicker to build than traditional satellites.
. Video  Video: A Constellation of Satellites
Dorian Satoshi Nakamoto was chased by reporters outside his house on March 6 after he was identified by Newsweek as the founder of Bitcoin.
Man Named by Newsweek Issues Denial on Bitcoin Claim

By PETER LATTMAN

Dorian Satoshi Nakamoto, a California man named by the magazine as Bitcoin's founder, has hired a lawyer and released a written denial.
For more technology news, go to NYTimes.com/Tech

DealBook P.M. Edition March 17, 2014: Two SAC Capital Traders Jump to Highbridge Capital.

For the latest updates, go to dealbook.nytimes.com »
MONDAY, MARCH 17, 2014
TOP STORY
SAC Capital will change its name to  Point72 Asset Management and convert from a hedge fund to a family office.
Two SAC Capital Traders Jump to Highbridge CapitalThe steady flow of employee defections from SAC Capital Advisors continues with Highbridge Capital Management luring away two portfolio managers from Steven A. Cohen's firm.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
Vodafone-Ono Deal a Big Win for Team of Deal Makers in London Vodafone's board was advised on the $10 billion transaction by the boutique advisory firm Robertson Robey Associates, which features three star deal makers formerly from UBS, Goldman Sachs and Morgan Stanley.
A Porsche Boxster at a plant in Germany. Porsche was ultimately acquired by Volkswagen.
Judge in Germany Dismisses Hedge Fund Suit Against Porsche Holding The decision was the latest in a series of court victories by Porsche Holding over suits filed by hedge funds that lost billions betting against Volkswagen shares.
Attorney General Eric H. Holder Jr. announced in 2012 that prosecutors had charged 530 people in cases related to mortgage fraud that had cost homeowners more than $1 billion, figures that turned out to be highly inflated.
White Collar Watch: Haste Clouds Long-Term Effort on Mortgage Fraud The prosecution of mortgage fraud requires painstaking investigation over a long period, but the government weakens its position by promising quick results, writes Peter J. Henning.
Reuters Breakingviews: Weibo I.P.O. Sets a Low Bar for AlibabaThe growth of the Twitter-like Chinese microblog Weibo comes with some hairy regulatory risks, John Foley of Reuters Breakingviews writes.
David C. Drummond, the chief legal officer of Google, right, with Eric E. Schmidt, Google's executive chairman.
Google's Legal Chief Joins K.K.R.'s Board The private equity firm Kohlberg Kravis Roberts has attracted David C. Drummond, one of Silicon Valley's top legal executives, to its board of directors.
Jaccar Offers to Acquire Ship Supplier Bourbon Bourbon of France said on Monday that its largest shareholder, Jaccar, had offered to buy it in a deal that values the company at roughly $2.48 billion.
Rosneft to Take Stake in Pirelli Owner The deal will give the Russian state oil company Rosneft a 50 percent stake and allow the Italian private equity firm Clessidra to exit its investment. Marco Tronchetti Provera, Pirelli's chairman and chief executive, will remain head of the company.
BUZZ TRACKER
Man Named by Newsweek Issues Denial on Bitcoin Claim Dorian Satoshi Nakamoto, the man identified by Newsweek magazine as the founder of Bitcoin, has hired a lawyer and issued a written statement on Monday denying any involvement with the digital currency.
Just Eat, an Online Restaurant Delivery Service, to List in London The British online restaurant delivery service Just Eat said on Monday that it would seek to raise 100 million pounds, or about $166.4 million, in an initial public offering on the London Stock Exchange. The company, founded in Denmark in 2001, had revenue of £96.8 million in 2013.
LOOKING AHEAD
Fed Is Expected to Cut Its Stimulus Efforts Further The Federal Reserve's policy-making committee, which meets Tuesday and Wednesday, is widely expected to cut the Fed's monthly purchases of Treasury and mortgage-backed securities by $10 billion, to a total of $55 billion. Fed officials say they plan to continue the regular cuts, and to end the purchases entirely later this year, unless economic conditions shift starkly. A thornier question is what the Fed should say about short-term interest rates. The Fed's stimulus campaign is based on convincing investors that rates will remain low. But Fed officials are increasingly uncertain of how much longer to hold rates near zero, and how quickly to raise rates thereafter. Janet L. Yellen, above, who will be conducting her first meeting as Fed chairwoman, faces the challenge of building a consensus.
A 'Net Neutrality' Vote Is Scheduled in Europe A European Union parliamentary committee will vote Tuesday on telecommunications legislation that focuses on whether companies should treat all Internet data equally. Many lawmakers are expected to support the principle of "net neutrality," which ensures that telecom companies cannot differentiate between online data, though industry groups are lobbying against the new rules.
Update on Nuclear Waste From Federal Commission The Nuclear Regulatory Commission will receive an update from its staff on Friday on its effort to reinstate its Waste Confidence policy. With no permanent waste repository operating or even planned, the commission has historically justified licensing the plants that produce waste by saying that spent fuel can be stored safely for decades in heavy steel-and-concrete casks at the reactor sites. But in June 2012, a federal court ruled that the commission had reached that conclusion without adequate engineering work. So the N.R.C. stopped some licensing activities and set out to do a more rigorous examination of the question. So far, not even a draft policy has been announced.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Biggest Decliners Closing March 17, 2014.

Biggest Decliners Closing
Biggest Decliners
4:47 pm ET 03/17/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Fortuna Silver Mines (FSM)1,058,929$4.06-0.68-14.35
Gray Television Cl A (GTNA)3,3347.60-1.08-12.44
McEwen Mining (MUX)9,087,1213.12-0.44-12.36
Rio Alto Mining (RIOM)767,0922.10-0.26-11.02
Gray Television (GTN)3,111,4339.40-1.11-10.56
Miller Energy Resources (MILL)1,089,5955.69-0.52-8.37
Sibanye Gold ADS (SBGL)1,291,8168.89-0.79-8.16
Herbalife (HLF)6,393,83553.50-4.54-7.82
Verso Paper (VRS)116,2742.33-0.19-7.54
AuRico Gold (AUQ)2,429,7154.81-0.36-6.96
Taomee Holdings ADS (TAOM)76,7156.79-0.49-6.73
Alamos Gold (AGI)619,98510.15-0.73-6.71
Tahoe Resources (TAHO)166,00022.63-1.57-6.49
Castlight Health Cl B (CSLT)1,127,63037.25-2.55-6.41
Quicksilver Resources (KWK)4,757,7932.49-0.17-6.39
Harvest Natural Resources (HNR)852,4694.08-0.26-5.99
Matson (MATX)932,48723.37-1.43-5.77
Eldorado Gold (EGO)6,924,4726.89-0.42-5.75
Krispy Kreme Doughnuts (KKD)2,298,92119.08-1.16-5.73
E.W. Scripps Cl A (SSP)607,32816.17-0.98-5.71
Pretium Resources (PVG)582,6956.85-0.41-5.65
Gold Fields ADS (GFI)10,133,0424.12-0.24-5.50
IAMGOLD (IAG)6,723,2643.95-0.22-5.28
Media General (MEG)503,06516.95-0.94-5.25
Lions Gate Entertainment (LGF)4,131,36130.33-1.64-5.13
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
NewLead Holdings (NEWL)1,458,905$2.89-0.55-15.99
China Finance Online ADS (JRJC)604,8625.33-0.88-14.17
Intercept Pharmaceuticals (ICPT)2,151,682407.16-55.10-11.92
Audience (ADNC)449,82411.82-1.53-11.46
Celladon (CLDN)300,32814.19-1.65-10.42
National Interstate (NATL)256,85226.99-3.11-10.33
Burcon Nutrascience (BUR)52,0514.17-0.47-10.13
LMI Aerospace (LMIA)682,78013.52-1.46-9.75
NewLink Genetics (NLNK)846,30327.96-2.86-9.28
Nexstar Broadcasting Group Cl A (NXST)1,711,47433.38-3.32-9.05
Ballard Power Systems (BLDP)16,884,1275.19-0.50-8.79
Intra-Cellular Therapies (ITCI)130,17018.28-1.72-8.60
VelocityShares Daily 2x VIX Short Term ETN (TVIX)10,686,8907.70-0.69-8.22
Eleven Biotherapeutics (EBIO)43,40015.66-1.39-8.15
Sinclair Broadcast Group Cl A (SBGI)6,034,69624.42-2.14-8.06
Medical Action Industries (MDCI)110,5537.10-0.56-7.31
Senomyx (SNMX)1,036,6059.47-0.71-6.97
Trevena (TRVN)125,4928.45-0.62-6.84
FuelCell Energy (FCEL)35,022,5392.82-0.20-6.62
Fate Therapeutics (FATE)87,02810.43-0.72-6.46
Acceleron Pharma (XLRN)257,50442.50-2.75-6.08
VeriSign (VRSN)10,671,00751.68-3.17-5.78
Gilat Satellite Networks (GILT)589,1485.14-0.31-5.69
Overstock.com (OSTK)467,59820.94-1.18-5.33
Insys Therapeutics (INSY)263,52067.23-3.74-5.27
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG)834,880$34.29-4.97-12.66
PowerShares DB Agriculture Short ETN (ADZ)2,58025.25-2.72-9.71
Direxion Daily Gold Miners Bull 3x Shares (NUGT)4,746,69352.04-5.57-9.67
Barclays Short B Leverages S&P 500 Trust ETN (BXDB)16,98914.25-1.51-9.58
ProShares Ultra VIX Short-Term Futures ETF (UVXY)3,946,11769.10-7.10-9.32
Direxion Daily Russia Bear 3x Shares (RUSS)541,12420.94-2.02-8.80
C-TRACKS Exchange Trade Notes based on the Performance of the Citi Volatility Index Total Return (CVOL)92,0993.01-0.26-7.95
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)14,001,7203.49-0.18-4.90
ProShares VIX Short-Term Futures ETF (VIXY)1,145,97130.11-1.49-4.72
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)34,093,68345.18-2.22-4.68
Market Vectors Junior Gold Minets ETF (GDXJ)4,698,93742.58-2.04-4.57
Global X Pure Gold Miners ETF (GGGG)18,18713.15-0.62-4.50
iPath Dow Jones UBS Nickel Subindex Total Return ETN (JJN)7,75421.70-1.02-4.49
iPath Dow Jones UBS Industrial Metals Subindex Total Return ETN (JJM)5,32127.41-1.28-4.47
Direxion Daily Semiconductor Bear 3X Shares (SOXS)88,23829.78-1.16-3.75
Direxion Daily FTSE Europe Bear 3x Shares (EURZ)4,28039.27-1.53-3.74
Direxion Daily Developed Markets Bear 3x Shares (DPK)6,10033.76-1.31-3.74
Direxion DailyTechnology Bear 3x Shares (TECS)46,49919.85-0.76-3.69
iPath Dow Jones -UBS Coffee Subindex Total return Coll ETN (CAFE)24,09624.61-0.92-3.60
iPath DJ-UBS Coffee Subindex Total Return ETN (JO)516,84637.99-1.42-3.60
Direxion Daily Emerging Markets Bear 3x Shares (EDZ)1,222,73546.78-1.72-3.55
PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF (SILJ)15,28113.10-0.47-3.46
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)49,000,68626.80-0.93-3.35
iShares MSCI Global Silver Miners ETF (SLVP)13,32713.30-0.45-3.27
VelocityShares 3x Long Crude ETN (UWTI)9,99029.80-1.00-3.25
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Intelligent Systems (INS)226,471$1.81-0.67-27.02
NewLead Holdings (NEWL)1,458,9052.89-0.55-15.99
Fortuna Silver Mines (FSM)1,058,9294.06-0.68-14.35
China Finance Online ADS (JRJC)604,8625.33-0.88-14.17
eOn Communications (EONC)511,8305.09-0.74-12.69
Direxion Daily Junior Gold Miners Index Bull 3X Shares (JNUG)834,88034.29-4.97-12.66
Gray Television Cl A (GTNA)3,3347.60-1.08-12.44
McEwen Mining (MUX)9,087,1213.12-0.44-12.36
Intercept Pharmaceuticals (ICPT)2,151,682407.16-55.10-11.92
Audience (ADNC)449,82411.82-1.53-11.46
Rio Alto Mining (RIOM)767,0922.10-0.26-11.02
Gray Television (GTN)3,111,4339.40-1.11-10.56
Celladon (CLDN)300,32814.19-1.65-10.42
National Interstate (NATL)256,85226.99-3.11-10.33
La Jolla Pharmaceutical (LJPC)665,58513.16-1.51-10.29
Burcon Nutrascience (BUR)52,0514.17-0.47-10.13
Tanzanian Royalty Exploration (TRX)509,8752.49-0.28-10.11
Medgenics (MDGN)152,8567.60-0.84-9.95
LMI Aerospace (LMIA)682,78013.52-1.46-9.75
PowerShares DB Agriculture Short ETN (ADZ)2,58025.25-2.72-9.71
Direxion Daily Gold Miners Bull 3x Shares (NUGT)4,746,69352.04-5.57-9.67
Barclays Short B Leverages S&P 500 Trust ETN (BXDB)16,98914.25-1.51-9.58
Tekmira Pharmaceuticals (TKMR)958,72224.32-2.56-9.52
ProShares Ultra VIX Short-Term Futures ETF (UVXY)3,946,11769.10-7.10-9.32
NewLink Genetics (NLNK)846,30327.96-2.86-9.28
 
See All Decliners
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group