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Aug 7, 2015

FDIC Financial Institution Letter - August 7, 2015: FIL-33-2015: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of the Commonwealth of Northern Mariana Islands Affected by Typhoon Soudelor.

  FDIC

Financial Institution Letter

Regulatory Relief:
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of the Commonwealth of Northern Mariana Islands Affected by Typhoon Soudelor
FIL-33-2015
8/7/2015
Summary:
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of the Commonwealth of Northern Mariana Islands affected by Typhoon Soudelor.
Statement of Applicability to Institutions with Total Assets Under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial institutions.

NYT Opinion Today August 7, 2015: Capitalists, Arise: We Need to Deal With Income Inequality.

The New York Times

Opinion


Opinion
Capitalists, Arise: We Need to Deal With Income Inequality
Ashley Gilbertson/VII
By PETER GEORGESCU
If we don't deal with income inequality, we'll face intolerable taxes or social unrest. 

Editorial
The Real Voter Fraud Is Texas' ID Law
A practically non-existent problem has become an excuse to discriminate against the poor, blacks and Latinos.
A group of Russian officials at the launch ceremony for a drifting ice station in the Arctic in April.
Editorial
As the Arctic Thaws, New Temptations
Russia's new claim to a vast stretch of the Arctic is neither surprising nor threatening, but its increased military presence bears watching.

CMI | Spot Prices as of Close of Trading in New York on August 7, 2015.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Friday, August 07, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,095.70 +$4.00 $1,096.70 $1,153.40 $1,312.85

Silver

Today Change Week Ago Month Ago Year Ago
$14.86 +$0.14 $14.78 $14.99 $20.01

Platinum

Today Change Week Ago Month Ago Year Ago
$964.20 +$6.10 $987.90 $1,034.00 $1,485.40

Palladium

Today Change Week Ago Month Ago Year Ago
$601.00 -$1.45 $614.95 $653.40 $858.90

Gold/Silver Ratio

73.74

DealBook P.M. Edition - August 7, 2015: Top Story: Value Act Takes Stake in American Express.

 Friday, August 7, 2015
 
 
TOP STORY
Over the last year, American Express has faced several setbacks, including revenue that has fallen short of analysts' expectations.
Value Act Takes Stake in American Express Shares of the credit card company jumped after the news that the activist hedge fund had made a major investment.

Dow Posted 7-Day Losing Streak as oil Declines; AmEx Jumps: Wall Street at Close Report.

cnbc.com

Dow posts 7-day losing streak as oil declines; AmEx jumps

Evelyn Cheng
U.S. stocks closed slightly lower on Friday as news of an activist stake in American Express offset some of the pressure from oil's decline, following an in-line nonfarm payrolls report.
The major averages ended the week about 1.5 percent lower, with the Dow Jones industrial average the worst performer.
Stocks halved losses in afternoon trade, with American Express jumping more than 6 percent on news that ValueAct took a $1 billion stake in the firm. In afternoon trade, trade volume in shares of the financial services firm was nearly double its average for the entire day.

A stake that size gives ValueAct about 13 million shares, which is less than a tenth of what Warren Buffett holds.

The Best of Guardian Opinion - August 7, 2015.

The best of Guardian opinion
Friday 07 Aug 2015
g
Today's opinion articles More »

A Peek at the Future of A.I. and Human Relationships: Bits | The Business of Technology - August 7, 2015.

Friday, August 7, 2015

Daily Report
A Peek at the Future of Artificial Intelligence and Human Relationships | Two possible glimpses into the future arrived on Thursday, if you were looking for them.
IBM, looking to figure out how to change with the times, announced the latest trick for its Watson artificial-intelligence technology. With the single swoop of a $1 billion purchase of Merge Healthcare, Watson would be digesting medical images to help doctors make diagnoses.

European Markets at Close Report on August 7, 20215: European stocks fall after disappointing German data, but up for week.

marketwatch.com

European stocks fall after disappointing German data, but up for week

Carla Mozee, Victor Reklaitis
European stocks stepped lower Friday after an unexpected pullback in German industrial output and a U.S. jobs report that roughly matched expectations, but the region’s benchmark still achieved a gain for the week.
The Stoxx Europe 600 SXXP, -0.91%  fell 0.9% to close at 397.07. The pan-European index eked out a 0.2% gain on the week, its second-consecutive weekly rise.

Eight Things to Know about the Taxpayer Advocate Service: IRS Tax Tips - August 7, 2015.

IRS.gov Banner

Issue Number:    IRS Summertime Tax Tip 2015-16

Inside This Issue


Eight Things to Know about the Taxpayer Advocate Service

1. TAS is Your Voice at IRS.  The Taxpayer Advocate Service, or TAS, is your voice at the IRS. We are an independent organization within the IRS.
2. TAS Helps Resolve Problems TAS helps individuals, businesses and exempt organizations who are not able to resolve their tax problems with the IRS. Our service is always free. TAS can help if:

Weather emergencies: Getting your financial house in order: FTC Consumer Updates - August 7, 2015.

Federal Trade Commission Consumer Information
by Colleen Tressler
Consumer Education Specialist, FTC
When it comes to preparing for a weather emergency, a flashlight with fully charged batteries is a must. Know what else can make life after a storm easier? If your financial documents are up-to-date, in one place, and portable. Consider scanning your documents or moving them online so you have a digital record of them, as well. Here’s a basic list of what to gather.
Read more >

Bron Suchecki: Will gold miners hedge, as in the 1990s, into a falling price? GATA | THE GATA DISPATCH - August 7, 2015.

Bron Suchecki: Will gold miners hedge, as in the 1990s, into a falling price?

Submitted by cpowell on Friday, August 7, 2015  Friday, August 7, 2015

Perth Mint research director Bron Suchecki writes today that while gold mining companies already running at a loss at the current low prices may have to hedge their production to survive, the practice will harm the industry generally if other companies engage in it. Suchecki's analysis is headlined "Will Gold Miners Hedge, As In the 1990s, Into a Falling Price?" and it's posted at the Perth Mint's Internet site here:
http://research.perthmint.com.au/2015/08/06/will-gold-miners-hedge-like-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



The Guardian Media Briefing - August 7, 2015: 'Here it is. My moment of zen': Jon Stewart says farewell to The Daily Show

Media briefing
Friday 07 Aug 2015
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Top stories on MediaGuardian More »

Stewart ended his 16 years as host by inviting back past contributors, and he received video messages from Hillary Clinton and Lindsey Graham and a closing act from Bruce Springsteen and the E Street Band
TV, phone and broadband services probed after customers claim requests had to be verified over phone with calls lasting up to two hours

U.S. Stock Market Future Indications - August 7, 2015: U.S. Stock Futures Inch Lower in Choppy Trade After Jobs Report.

marketwatch.com

U.S. stock futures inch lower in choppy trade after jobs report

Victor Reklaitis, Mark DeCambre
Getty Images
U.S. stock futures were switching between gains and losses in volatile trade Friday, after the jobs report came in mostly in line with the market’s expectations raising the prospects for a rate hike as early as September.

Payroll employment rises by 215,000 in July; unemployment rate unchanged at 5.3%: Bureau of Labor Statistics News Release - August 7, 2015.

Bureau of Labor Statistics
The latest Employment Situation news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/empsit.pdf and also archived at http://www.bls.gov/news.release/archives/empsit_08072015.pdf. Highlights are below.

Payroll employment rises by 215,000 in July; unemployment rate unchanged at 5.3%

08/07/2015
Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent. Job gains occurred in retail trade, health care, professional and technical services, and financial activities.

DealBook Today's Topm Headlines - August 7, 2015: Ackman's Bet on Mondelez Sales | The Never-Ending Lawsuit | Why Disclosing C.E.O. Pay Might Bring Change | Apollo's Stake in American Realty

 
Friday, August 7, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
ACKMAN'S BET ON MONDELEZ SALES By building up a $5.5 billion stake in Mondelez International, William A. Ackman is wagering that Mondelez could be persuaded to sell itself, Michael J. de la Merced and Alexandra Stevenson write in DealBook. The investment that Mr. Ackman's Pershing Square Capital Management has made also highlights the widespread belief that the food sector is ripe for consolidation.

NYT First Draft on Politics - August 7, 2015: Debates Give Those Fighting for Traction a Chance to Gain a Footing

8/7/2015 nytimes.com/firstdraft »
First Draft

Debates Give Those Fighting for Traction a Chance to Gain a Footing

The Republican presidential debate in Cleveland on Thursday. Eric Thayer for The New York Times
8/7/2015
By Maggie Haberman
Good Friday morning from Washington. It has been only a few hours since 17 Republicans gathered in two debates in an effort to stand apart. As expected, the big names remained big, but a few lesser-known candidates found a way to rise above the crowded field, at least for a night.

Asian Markets at Close Report on August 7, 2015: U.S. stock futures inch lower as traders don’t dare to move before jobs data

marketwatch.com

U.S. stock futures inch lower as traders don’t dare to move before jobs data

Victor Reklaitis
Getty Images
U.S. stock futures edged lower Friday, mostly showing muted action as traders waited for the July jobs report, this week’s most-anticipated economic release.
But Cheniere Energy jumped premarket on news that Carl Icahn is buying an 8% stake, and Groupon and Nvidia made big moves on their earnings reports.