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Showing posts from July 23, 2014

CMI | Opinon - July 23, 2014: Apocalypse' Krugman Ignores Keynes And Comrade Lenin's Warnings.

‘Apocalypse’ Krugman Ignores Keynes And Comrade Lenin’s Warnings Market Update July 23, 2014 Geopolitical tension appears to be supporting gold at the $1,300/oz level and above support at the 100-day moving average at $1,302/oz. The 50 and 200 day moving averages are also key levels of support. Gold is down 1.5% for the month after the another peculiar bout of concentrated selling last week. It is in lockdown in a very tight trading range. According to Reuters, the spread between its highs and lows for the month is the narrowest since August 2009 at $53.30/oz. Worries over tougher sanctions on Russia and their potential impact on fragile Eurozone growth saw equities make very tentative gains while the euro fell. German bond yields dipped back towards record lows, with conflicts in Ukraine and the Middle East supporting demand for government bonds. The European Union yesterday threatened to restrict Russia’s access to capital markets and sensitive

World Bank Group | Weekly Update -July23, 2014-.

World Bank Group Weekly Update   Kim Pledges Help for India’s Poverty and Shared-Prosperity Goals India potentially can double its growth rate and accelerate poverty reduction, said Bank Group President Kim during a visit to the country. He met with new Prime Minister Modi and pledged $15-18 billion in support over the next three years.  Read More » Video  |  Skilled Jobs Help Rural Youth Fulfil Long-cherished Dreams HIGHLIGHTS Webcast: What Grade for Teachers in Your Country? Education officials and experts discuss a new study on how to improve student learning in Latin America and the Caribbean, July 24, 12 p.m. ET (16.00 GMT). Read More » Vietnam Seeks Path to Higher Economic Growth A joint World Bank-Vietnam study will look at the steps Vietnam needs to take to become a modern, industrialized country in a single generation. Read More » Green Bonds Market Doubles to $20 Billion The bonds give investors an opportunity to suppor

YouTube | Google Vint Cerf explains...Who runs the Internet's address book? July , .

Google  has uploaded  Vint Cerf explains...Who runs the Internet's address book? Vint Cerf explains...Who runs the Internet's address book? Google Ever wonder who controls the inner workings of the Internet? Like what happens after you type in a URL and hit enter, or who assigns IP addresses? A father of the Internet is here to explain.

SIGTART | Press Release: Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP)

Jesse Litvak, former senior RMBS trader at New York investment bank Jefferies, was sentenced to two years in federal prison for defrauding the government related to TARP, securities fraud, and making false statements to the federal government, announced the Special Inspector General for the Troubled Asset Relief Program. Read the news release  here . Read the press statement  here . SIGTARP HOTLINE:     To report allegations of fraud, waste, abuse, mismanagement, or misrepresentations involving the taxpayer-funded Troubled Asset Relief Program, call (877) SIG-2009 or send confidential information to SIGTARP via an online  Hotline form .    SIGTARP REPORTS: Audit reports and quarterly reports to Congress about the management and transparency of TARP programs are posted  here . GENERAL COMMENTS:    SIGTARP welcomes comments and suggestions.  You may reach us at the phone number and mailing address below:   Phone:    (202) 927-8940 Mail:     Office of the Spe

SEC | Press Release - July 23, 2014: Removal of Certain References to Credit Ratings and Amendment to the Issuer Diversification Requirement in the Money Market Fund Rule

This information is available here.  Removal of Certain References to Credit Ratings and Amendment to the Issuer Diversification Requirement in the Money Market Fund Rule

SEC | Press Release - July 23, 2014: SEC Adopts Money Market Fund Reform Rules

SEC Adopts Money Market Fund Reform Rules 07/23/2014 01:30 PM EDT The Securities and Exchange Commission today adopted amendments to the rules that govern money market mutual funds.  The amendments make structural and operational reforms to address risks of investor runs in money market funds, while preserving the benefits of the funds. Today’s rules build upon the reforms adopted by the Commission in March 2010 that were designed to reduce the interest rate, credit and liquidity risks of money market fund portfolios.  When the Commission adopted the 2010 amendments, it recognized that the 2008 financial crisis raised questions of whether more fundamental changes to money market funds might be warranted. The new rules require a floating net asset value (NAV) for institutional prime money market funds, which allows the daily share prices of these funds to fluctuate along with changes in the market-based value of fund assets and provide non-government money market fund boards

GATA | THE GATA DISPATCHES - July 23, 2014: U.K. hastens negotiations for currency-rigging settlement | Pento sees QE cycle repeating; Rule finds resource prices surprisingly strong | The revolving door in U.S. government regulation has never spun faster.

U.K. hastens negotiations for currency-rigging settlement Submitted by cpowell on 11:29AM ET Wednesday, July 23, 2014. Section: Daily Dispatches By Lindsay Fortado, Suzi Ring, and Gavin Finch Bloomberg News Wednesday, July 23, 2014 http://www.bloomberg.com/news/ 2014-07-23/u-k-fca-said-to- near-fx-rigging... LONDON -- Talks to reach the first settlement in the currency-rigging probe are accelerating, with Britain's markets regulator preparing to reach a deal with a group of banks this year, people with knowledge of the talks said. The Financial Conduct Authority is in talks with banks including Barclays Plc, Citigroup Inc., JPMorgan Chase & Co., and UBS AG, said the people, who asked not to be identified because the discussions are private. Royal Bank of Scotland Group Plc and HSBC Holdings Plc may also be part of the group settlement, one of the people said.  The FCA is trying to fast-track the process and may levy any fi

DealBook P.M. Edition - July 23, 2014: Top Story: S.E.C. Approves Rules on Money Market Funds.

For the latest updates, go to dealbook.nytimes.com » Wednesday, July 23, 2014 TOP STORY S.E.C. Approves Rules on Money Market Funds Nearly six years since the panic following the collapse of Lehman Brothers, the new rules are intended to prevent runs out of funds. DEALBOOK » For the latest updates, go to dealbook.nytimes.com » DEALBOOK HIGHLIGHTS Once Bitten, Twice Shy, Except When It Comes to Fraud Financial criminals go to great lengths to hunt down and size up their prey, but to the con man, nothing can top the "sucker list" of people who have already fallen for a scam. DEALBOOK » Peltz's E