Oct 27, 2014
Reuters Technology Report - October 27, 2014:Twitter forecasts soft fourth-quarter revenue, shares slide.
|SAN FRANCISCO (Reuters) - Twitter Inc's quarterly revenue surpassed expectations but it forecast fourth-quarter sales that may miss targets, sending its shares more than 8 percent lower.|
GATA | THE GATA DIASPATCH - October 27, 2014: 2 Articles: Recovery impossible within the current monetary system, Embry tells KWN | Australian scholar says futures markets suppress commodity prices, keep producing nations poor.
Recovery impossible within the current monetary system, Embry tells KWN
Incomprehensible debt, derivatives, and algorithmic trading in financial instruments have made a worldwide economic recovery impossible within the current monetary system, Sprott Asset Management's John Embry tells King World News today:
Australian scholar says futures markets suppress commodity prices, keep producing nations poor
Submitted by cpowell on Monday, October 27, 2014.
Fourteen years ago the British economist Peter Warburton wrote that Western central banks were using the futures and derivatives markets and intermediary investment banks to control commodity prices --
-- giving rise to the adage: "The futures markets aren't manipulated. The futures markets are the manipulation."
Today MineWeb's Lawrence Williams interviews a mathematician and former stockbroker who holds a doctorate in math from the University of Melbourne, Australia, Fraser Murrell --
-- and who emphatically concurs, describing the futures markets as the mechanism by which the financially sophisticated West loots the developing world, which is dependent for its livelihood on the production of natural resources. The Western countries sustaining these futures markets, Murrell argues, thereby perpetuate poverty in the developing countries.
Of course this has been GATA's complaint for many years, but nobody at GATA has a Ph.D., just tinfoil hats.
Williams' interview with Murrell is headlined "Futures Markets Keep Precious Metals Prices Depressed" and it's posted at MineWeb here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Gold Anti-Trust Action Committee Inc.
U.S. Department of Commerce Press Release: U.S. Commerce Secretary Penny Pritzker and PAGE Ambassadors to Attend Global Entrepreneurship Summit in Morocco.
U.S. Commerce Secretary Penny Pritzker and PAGE Ambassadors to Attend Global Entrepreneurship Summit in Morocco
10/27/2014 04:15 PM EDT
FOR IMMEDIATE RELEASE
News Media Contact:
Office of Public Affairs, 202-482-4883
U.S. Secretary of Commerce Penny Pritzker will attend the Global Entrepreneurship Summit (GES), which will take place in Marrakech, Morocco to demonstrate the U.S. government’s continued commitment to fostering entrepreneurship around the world. On , her activities will focus specifically on Women’s Entrepreneurship Day. This year’s summit marks the fifth annual gathering of entrepreneurs at all stages of business development, business leaders, mentors, and high-level government officials.
“As the Administration’s point person on entrepreneurship, I am very pleased to be attending the Global Entrepreneurship Summit for the second year in a row. This year’s GES represents an opportunity to build on the energy of dynamic entrepreneurs from around the world, and to leverage their talent and spirit to deepen ties between governments, businesses, foundations, universities, and innovators,” said Secretary Pritzker. “Let’s use this Summit as a call to action—for entrepreneurs, ecosystem builders, and policy-makers to forge sustainable networks, share best practices, create pro-innovation policies and demonstrate the power of entrepreneurship to grow local, regional, and global economies.”
Entrepreneurship is key to unlocking economic growth and creating jobs, and the U.S. government leads numerous programs and initiatives to improve enabling environments and to make tools and networks available to individual entrepreneurs. At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, and she was happy to assume her role as the Administration’s point person on entrepreneurship. In April, Secretary Pritzker chaired the first PAGE meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.
Six months later, Secretary Pritzker has arranged PAGE-related events on four continents since the program’s launch, and the PAGE initiative continues to gain momentum, with PAGE members actively engaged in promoting innovation here at home and abroad. The following PAGE members will join Secretary Pritzker in Morocco to serve as entrepreneurship ambassadors and to share their knowledge and experience to help develop the next generation of entrepreneurs around the world:
“Entrepreneurship is a powerful force for creating value and doing good in our world,” said Hamdi Ulukaya, founder and CEO of Chobani. "I’m honored and excited to represent the United States as a member of PAGE at a summit dedicated to encouraging entrepreneurs worldwide to pursue their passions.”
“I am honored to represent the United States as a member of PAGE at the Global Entrepreneurship Summit,” said Alexa von Tobel, founder and CEO of LearnVest. “I firmly believe in the power of technology to drive innovation on a global scale, and I know this is an incredible opportunity to both share what we have built at LearnVest and to learn from the wealth of knowledge at the Summit.”
The theme of the Summit, “Harnessing the Power of Technology for Innovation and Entrepreneurship,” highlights the impact of technology on modern entrepreneurship. The Summit will also be a space for entrepreneurs to network one-on-one with each other and with established businesses, and will provide a chance to hear from those who have traveled the path before them.
Watch Secretary Pritzker’s video message on the Global Entrepreneurship Summit here.