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Jul 20, 2014

GATA | THE GATA DISPATCH - July 20, 2014: Koos Jansen: Chinese wholesale gold demand year to date is nearly 1,000 tonnes.

Koos Jansen: Chinese wholesale gold demand year to date is nearly 1,000 tonnes

Submitted by cpowell on Sunday, July 20, 2014. Section: Daily Dispatches  July 20, 2014
Chinese wholesale gold demand for the year through July 11 has reached 998 tonnes, gold researcher and GATA consultant Koos Jansen reports today. While offtake from the Shanghai Gold Exchange for the week ending July 11 was somewhat diminished, Jansen writes, copper has been trading in backwardation in Shanghai for two weeks. Jansen's commentary is posted at Bullion Star's Internet site here:
https://www.bullionstar.com/article/chinese%20gold%20demand%20998

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

GATA | THE GTA DISPATCH - July 20, 2014: UK's Serious Fraud Office to launch criminal probe into forex rigging.

UK's Serious Fraud Office to launch criminal probe into forex rigging

Submitted by cpowell on July 20, 2014. By Harriet Dennys
The Telegraph, London
Sunday, July 20, 2014
http://www.telegraph.co.uk/finance/currency/10978850/Serious-Fraud-Offic...

The Serious Fraud Office is poised to launch the first criminal investigation into alleged rigging of the L3 trillion-a-day foreign exchange markets at leading City banks.
The financial watchdog is expected to announce the move as early as this week, according to reports, raising the spectre of further multimillion-pound fines for Britain's biggest banks over their behaviour during and after the financial crisis.
Investigators are expected to examine whether individual traders personally benefited by manipulating benchmark forex prices. It is claimed that traders colluded via online chatrooms in groups with names such as the Bandits' Club, the Dream Team, and the Cartel.

 The SFO's criminal inquiry into alleged currency markets rigging in London, home to more than 40 percent of the world's foreign exchange trading, will join global investigations into forex market abuse by watchdogs across Europe, Asia, and the US.
The UK's principal financial regulator, the Financial Conduct Authority, launched an investigation into global currency markets last October.
In March the Bank of England appointed Lord Grabiner QC to adjudicate on whether any bank officials were involved in manipulating the forex market between 2005 and 2013.
The SFO yesterday declined to set a date on the launch of its forex-rigging inquiry. It said in a statement: "We are receiving and examining complex data on this topic. When we open a criminal investigation, that decision will be announced in the usual way."
But Ross McEwan, the chief executive of Royal Bank of Scotland, said last Friday that he believes the forex probe could prove an even more serious problem for British banks than the Libor scandal, for which RBS last year paid a $612 million (L358 million) fine.
Asked whether the FX investigation could be a bigger problem for the industry than Libor, Mr McEwan told London's LBC radio station: "Unfortunately, it has the hallmarks."
He added: "We're still doing a lot of investigation. We're going through millions and millions of emails, chatrooms, conversations to see what actually went wrong, if anything, in this area.
"Unfortunately, I have the feeling that this is a sort of Libor case again. The difference this time is that we haven't sat back and denied it. We've gone into it and are doing the investigation hand in hand with the authorities."

The UK's so-called Big Four banks -- Lloyds, Barclays, HSBC, and RBS -- are also under pressure from the Competition and Markets Authority, which is expected to fire the starting gun on a full-blown competition inquiry into the banking sector on Friday.


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YouTube | RT "FREE PALESTINE". World marches to protest Gaza victims.



RT has uploaded 'Free Palestine!' World marches to protest Gaza victims

'Free Palestine!' World marches to protest Gaza victims
RT

Over 350 Palestinians have been killed in Israel's ongoing operation to root out Hamas fighters. Tens of thousands march across the glove to protest the victims of the invasion, almost 80% of whom are civilians

YouTube | Official Anonymous TV1 - July 20, 2014: Vote Them Out.



OfficialAnonymousTV1 has uploaded Anonymous - Vote Them Out





NYT | Today's Headlines - July 20, 2014: Top Headlines: With Jet Strike, War in Ukraine Is Felt Globally.

The New York TimesMost Popular | Video |

Today's Headlines

Sunday, July 20, 2014


Top News
A rebel leader, Alexander Borodai, at a news conference in Donetsk. He said the plane's flight recorders had not been recovered.
With Jet Strike, War in Ukraine Is Felt Globally

By PETER BAKER

The downing of Malaysia Airlines Flight 17 rippled across multiple continents, bringing home in vivid relief the consequences of a struggle that had seemed far removed for many.
. Russia Expands List of Barred Americans
Rush to Deport Young Migrants Could Trample Asylum Claims

By JULIA PRESTON

Young migrants from Central American countries have stories of abuse, abandonment and flight from organized crime that could make them eligible for U.S. entry, but they are often not heard.
. Video  Video: In Mexico, a Stalled Journey
. On Southern Border, Mexico Faces Crisis of Its Own
Banks and private equity firms searching for high-yield investments have fueled a boom in subprime auto loans.

DEALBOOK

In a Subprime Bubble for Used Cars, Borrowers Pay Sky-High Rates

By JESSICA SILVER-GREENBERG and MICHAEL CORKERY

Millions of Americans are receiving auto loans they cannot possibly afford, in a lending climate marked by some of the same lack of caution seen in the housing industry before its 2008 implosion.
For more top news, go to NYTimes.com »
Editors' Picks
Banks and private equity firms searching for high-yield investments have fueled a boom in subprime auto loans.

BUSINESS

Video VIDEO: No Credit? No Problem
Banks and private equity firms searching for high-yield investments have fueled a boom in subprime auto loans to buyers who can't afford them, including those who recently filed for bankruptcy.

OPINION | OP-ED | ARTHUR C. BROOKS

Love People, Not Pleasure

By ARTHUR C. BROOKS

What do fame, wealth and lots of sex bring? Exactly the opposite of what you think.

QUOTATION OF THE DAY

"The sage grouse issue may finally put the brakes on the fossil-fuel industry in a way that no other factor has been able to."
ERIK MOLVAR, a wildlife biologist with an advocacy group, on the scramble to protect a species whose territory includes prime land for extracting oil and natural gas.
Today's Video
Video VIDEO: Making the N.F.L.'s Biggest Screens
Shahid Khan is the owner of the Jacksonville Jaguars, a team that hasn't made the playoffs since the 2007 season. He is spending $20 million of his own money on the biggest end-zone video displays.
Video VIDEO: In Mexico, a Stalled Journey
While thousands of child migrants from Central America have crossed the Rio Grande to U.S. soil, thousands more don't make it that far. Many end up detained or broke in towns like Reynosa, Mexico.
For more video, go to NYTimes.com/Video »
ADVERTISEMENT
World
Ukraine Says It Can Prove Russia Supplied Arms System That Felled Jet

By DAVID M. HERSZENHORN and SABRINA TAVERNISE

The Ukrainian government said it had proof that Russia had provided the surface-to-air missile system that shot down a Malaysia Airlines passenger jet, killing all 298 people aboard.
Israeli troops fired toward the Gaza Strip from their position near the border on Saturday. Israeli strikes killed 20 people in Gaza.
Despite Israeli Push in Gaza, Hamas Fighters Slip Through Tunnels

By ANNE BARNARD and JODI RUDOREN

Even as Israeli forces moved to demolish militants' tunnels into Israel, several Hamas fighters slipped through passages on Saturday and fought gun battles with Israeli soldiers.
On Southern Border, Mexico Faces Crisis of Its Own

By RANDAL C. ARCHIBOLD

Mexico has announced plans for tightened deportation and border control policies as its migrant numbers surge in response to worsening gang violence in Central America.
For more world news, go to NYTimes.com/World »
U.S.
Lucas Fraga, 24, waved a flag in the Brickell area of Miami after Brazil's victory over Colombia in the World Cup this month.
Influx of South Americans Drives Miami's Reinvention

By LIZETTE ALVAREZ

As South Americans flock to Miami, their influence has transformed the city's once recession-dampened downtown, enriched its culture and magnified its allure for businesses.
In June, workers at labs at the Centers for Disease Control and Prevention may have been exposed to anthrax.
Pathogen Mishaps Rise as Regulators Stay Clear

By DENISE GRADY

The recent number of mistakes documented at federal laboratories involving anthrax, flu and smallpox viruses have contributed to a debate over lax government oversight at high-level containment labs.
Jury Awards $23.6 Billion in Florida Smoking Case

By FRANCES ROBLES

A jury in Florida awarded a staggering $23 billion judgment against R. J. Reynolds, the country's second-largest tobacco company, for causing the death of a smoker who died of lung cancer at the age of 36.
For more U.S. news, go to NYTimes.com/US »
Politics
President Obama had lunch with Tanei Benjamin at a restaurant in Wilmington, Del., on Thursday. Mr. Obama also attended two fund-raisers on the day of crises in Ukraine and Gaza.
Sticking to His Travel Plans, at Risk of Looking Bad

By MICHAEL D. SHEAR

On the day of two international crises, President Obama continued with an itinerary that included fund-raisers, despite criticism that he appeared unpresidential.
Joshua P. Worth and his wife, Maureen Weiss, in Los Angeles with their children, Talula, left, and Stanley. The couple chose a health plan after checking to make sure it included their obstetrician and pediatrician, only to discover later it did not.
To Prevent Surprise Bills, New Health Law Rules Could Widen Insurer Networks

By ROBERT PEAR

State insurance regulators and the Obama administration plan to revise standards so consumers will encounter fewer unexpected out-of-network bills.
For more political news, go to NYTimes.com/Politics »
Business

THE UPSHOT

Income Inequality Is Not Rising Globally. It's Falling.

By TYLER COWEN

Though the income gap has widened in many individual nations, it has been shrinking globally for most of the last 20 years.
Shake-Up on Opium Island

By KEITH BRADSHER

Tasmania, with its huge poppy crop, is the top producer of a crucial raw material in prescription drugs. But companies fear that they depend too much on that harvest.
The greater sage grouse - a chickenlike bird known for its flamboyant courtship strut - has seen its numbers plunge far and fast.
Frack Quietly, Please: Sage Grouse Is Nesting

By DIANE CARDWELL and CLIFFORD KRAUSS

The greater sage grouse might be declared an endangered species, restricting development of its habitat, leading the energy industry and the government to try to save the bird.
. Video  Video: Strange Birdfellows
For more business news, go to NYTimes.com/Business »
Technology
Daniel Stompor, left, and Nathaniel Kier will be roommates for a second year at Northwestern University. They met through the RoomSync app that is used by the school.

TECHNOPHORIA

Avoiding Roommate Shock, Online

By NATASHA SINGER

After decades of pairing students based on scant information, some colleges are giving them tools for making their own choices.
For more technology news, go to NYTimes.com/Technology »
Sports
Teams like the N.F.L. Jacksonville Jaguars have installed huge video displays in an attempt to lure fans away from their big-screen TVs and into stadiums and arenas.
New Dimension in Scoreboard Watching

By KEN BELSON

Daktronics, in Brookings, S.D., has become one of the largest makers of sports video displays as teams try to recreate the living room experience in their parks.
. Video  Video: Making the N.F.L.'s Biggest Screens
The American Andrew Talansky fell during the Tour's Stage 11 on Wednesday and finished last. He had crashed on consecutive days, and he abandoned the race.

SPORTS OF THE TIMES

Before Leaving Tour de France, a Rider Displays a Champion's Endurance

By JULIET MACUR

Andrew Talansky, one of the United States' top road cyclists, never expected to spend the second half of the Tour de France watching the race from poolside in Spain.
. Injured U.S. Rider Out as Race Nears the Alps
. Refusing to Quit, American Is Surrounded by Cheers After a Lonely Finish
The All-Star Game in Minneapolis last week, above, was in large part a tribute to Derek Jeter, who is retiring this fall.

ON BASEBALL

Jeter, Like Duncan, Makes the Routine Extraordinary

By HARVEY ARATON

It is not surprising that Derek Jeter speaks admiringly of Tim Duncan, because the two understated stars have much in common, including five championships.
For more sports news, go to NYTimes.com/Sports »
Arts
Philip Seymour Hoffman, left, and John le Carré, during the filming of
Staring at the Flame

By JOHN LE CARRÉ

John le Carré recalls Philip Seymour Hoffman's intensity in performing the role of a self-destructive German intelligence officer in the film adaptation of his novel "A Most Wanted Man."
Emma Stone and Colin Firth in Mr. Allen's
A Master of Illusion Endures

By DAVE ITZKOFF

"Magic in the Moonlight," about a 1920s stage magician, is Woody Allen's first directorial release since he was confronted again with past personal accusations.
Scarlett Johansson's character with bad guys in
A Turbo Brain Tackles Underworld Brawn

By TOM ROSTON

Scarlett Johansson stars in Luc Besson's new action-thriller, "Lucy," about a woman who stumbles into the criminal underworld and inadvertently acquires superhuman abilities.
For more arts news, go to NYTimes.com/Arts »
N.Y./Region
Eric Garner's sister, Ellisha Flagg, above center, at a Harlem news conference on Saturday.
Complaints About Chokeholds Are Focus of Study

By JOSEPH GOLDSTEIN and NATE SCHWEBER

Two days after a Staten Island man died following a police encounter in which a chokehold appeared to be used, the city is looking into the more than 1,000 complaints it has received in recent years about police officers using the hold.
...