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Nov 11, 2015

GATA | THE GATA DISPATCH - November 11, 2015: New York Sun: Silent Cal Speaks.

New York Sun: Silent Cal speaks

Submitted by cpowell on November 11, 2015.  From the New York Sun
Wednesday, November 11, 2015

Call him Calvin Coolidge Cruz. Suddenly Senator Cruz, citing the president who delivered the full-employment economic boom known as the Roaring Twenties, is emerging as a man to watch in the Republican race. Two debates in a row, the senator from Texas declared for the gold standard and sound money, which are associated with high economic growth and low unemployment. He got in ahead of Rand Paul and any of the rest of the pack.
Two debates don't make a campaign, of course, but the monetary issue is potentially the most transformative question in the race. It's not just Mr. Cruz, either. Senator Paul, Governors Christie and Huckabee, and Senator Santorum all emerged on this issue last night, each adding enough savvy and subtlety to the question that it is clear the issue is starting to percolate on the hustings. No doubt this is in part because of what happened at the debate in Boulder, when CNBC's Rick Santelli turned to the Texan and asked him to "focus on our central bank, the Federal Reserve." ...

... For the remainder of the commentary:

The Guardian | World | Middle East - November 11, 2015: Syrian Opposition Rejects Russian Peace Plan Bashar Al Assad

Syrian opposition rejects Russian peace plan Bashar Al Assad

Ian Black
Syrian opposition leaders have flatly dismissed Russian proposals for ending the country’s crisis by launching a constitutional reform process and holding new presidential elections in Damascus, it has emerged before a new round of international peace talks.
Reports from the UN said Moscow’s eight-point plan detailed the functions of a “popularly elected president of Syria”. But it avoided any mention of the future of Bashar al-Assad, the key issue in contention in a war that has claimed 250,000-300,000 lives and made millions homeless.
Khaled Khoja, leader of the western-backed opposition Syrian National Coalition (SNC), repeated that the only way out of the crisis was for Assad to step down. The US, Britain and other countries have said he could remain in power for a short transition period but must then go.
“The Syrian people have never accepted the dictatorship of Assad and they will not accept that it is reintroduced or reformulated in another way,” Monzer Akbik, a senior SNC official, told Reuters. The group is deeply suspicious of Russia.
It is the first time Moscow has formulated detailed proposals since launching airstrikes that it says are targeting Islamic State but which have largely been aimed at the non-jihadi groups fighting Assad. It also the follows the downing of a Russian airliner in Egypt, which is now widely seen as a terrorist act linked to Syria.
Efforts to promote Vladimir Putin’s strategy were underlined when a BBC correspondent in Moscow was given access to the airbase at Latakia, in northern Syria, which the Russians are using as the base for their attacks.
A second round of international negotiations on Syria is due to take place in Vienna on Saturday. The novelty of the Syrian Support Group, which held its first session in the Austrian capital on 30 October, was that it included Iran, Assad’s staunchest regional backer.
There were reports of angry exchanges between Iran and Saudi Arabia, its regional rival and Assad’s bitterest enemy, at the first round of talks. Iran said on Wednesday that it had not yet decided whether to attend this weekend’s session, which aims to secure a ceasefire and launch a UN-led political process.
Hossein Amir Abdollahian, Iran’s deputy foreign minister, said his country’s participation depended on US answers “regarding some unilateral actions taken by some of the sides” attending the talks, the Beirut-based al-Mayadeen TV reported.
Iranian-Saudi tensions are running high over the crises in Syria and Yemen and mutual accusations over last month’s hajj disaster in Mecca, in which 2,100 pilgrims including 465 Iranians were killed.
Expectations of progress at Vienna were already low, but France and Britain are both opposed to the Russian proposals, which they say are intended to create the impression of a fresh initiative while offering nothing substantially new, perhaps apart from limited confidence-building measures.
The Russians say Assad’s use of barrel bombs targeting civilians has decreased since their intervention began. The rebels say the opposite is the case.
Russia has been calling on moderate opposition forces in Syria to agree a truce with the government and fight with it against the common terrorist threat. But Khoja and three of his predecessors as SNC president argue that Assad has to go if there is to be an effective strategy for fighting Isis.
“The only way to create the ground forces capable of fighting terror and stabilising the country is by formulating a political plan that ensures a genuine transition away from the current leadership of the regime and stating clearly that the end game is Assad’s exit from power,” they said.
The UN’s Syria envoy, Staffan de Mistura, wants to launch a political process between the Syrian government and “a united delegation of opposition groups” on the basis of the June 2012 Geneva agreement, which called for the formation of a transitional government in Damascus.
The SNC says it will not take part in talks in Moscow but the Russians hope to convince other opposition groups broadly loyal to Assad to attend.
Mistura has urged world powers to build on the momentum of new international talks to help devise a roadmap to end the war. But diplomats admit there are no signs the Vienna session will produce a breakthrough.
Russia‘s defence ministry has said unidentified opposition forces helped it target Isis and break a two-year siege of the Kwieris airbase near Aleppo, thus facilitating new attacks by government forces.

Max Keiser Report: Kilkenomics - Where Comedy Meets EC..: Originally Published on November 10, 2015.

Published on Nov 10, 2015
Check Keiser Report website for more:

In this special double-header episode of the Keiser Report, Max Keiser and Stacy Herbert review Kilkenomics 2015 where comedy meets economics in Kilkenny, Ireland. They look at black swans, the ‘US Crisis,’ housing bubbles, the inequality of R.I.P. and the rock star economist, Yanis Varoufakis. During the course of the episode, they play clips of interviews shot in Kilkenny with Steve Keen discussing housing bubbles and Ireland; Constantin Gurdgiev on Buffett’s alpha, Uber’s taxes and the real economy vs the fake economy; and Nassim Taleb about the best food in the world happening in Aleppo and the latest on black swans and what he’s been writing.

Max Keiser Report: Mystery & Magic(E833) - Originally Published on November 7, 2015.

Published on Nov 7, 2015
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the magic tricks required to escape the economic tricks locking the 99 percent in an ever declining wealth illusion. In the second half, Max interviews Sam Lee of the Bitcoin Group, a bitcoin miner about to go public in Australia. Max talks to him about the trials and tribulations of going public (the first of its kind in Australia) and why bitcoin and not blockchain?

The Guardian | World | Australia | Australia | Australian Politics: Labor Outlines Support For Citizenship Bill.

Labor outlines support for citizenship bill – politics live

Gabrielle Chan

Scott Morrison refuses to overturns tax transparency exemption for large private companies

WSJ | Forex Closing on November 11, 2015.

The Wall Street Journal Forex Closing
Major Currencies
Wednesday, November 11, 2015
US$ vs.
Americas in US$ per US$ % chg
Argentina peso 0.1044 9.5803 -0.04
Brazil real 0.2657 3.7639 0.35
Canada dollar 0.7538 1.3266 -0.08
Chile peso 0.001431 698.90 -0.17
Colombia peso 0.0003400 2941.53 -0.01
Ecuador US dollar 1 1 unch
Mexico peso 0.0598 16.7294 -0.15
Peru new sol 0.3018 3.3138 -0.05
Uruguay peso 0.03392 29.4800 0.03
Venezuela bolivar 0.1585276 6.3081 unch

GATA | THE GATA DISPATCH - November 11, 2015: Central Banking's Attack on Metals Is More Intense Than Ever, Embry Tells KWN.

Central banking's attack on metals is more intense than ever, Embry tells KWN

Submitted by cpowell on Wednesday, November 11, 2015.  Wednesday, November 11, 2015

Sprott Asset Management's John Embry tells King World News today that central banking's attack on the monetary metals has never been as intense as it is now. An excerpt from the interview is posted at the KWN blog here:

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

DealBook P.M. Edition - November 11, 2015: Brewers Move to Appease Regulators on Beer Deal.

Wednesday, November 11, 2015
A bottle of Castle Lager, produced by SABMiller, at a bar in Cape Town, South Africa.
Brewers Move to Appease Regulators on Beer Deal Anheuser-Busch InBev's $106 billion deal for SABMiller is expected to receive regulatory scrutiny given the size of the new entity and its big presence in several markets, including the United States.

The maker of Budweiser, Corona Extra and Stella Artois, said it would seek to "promptly and proactively" address those concerns. SABMiller said on Wednesday that it would sell its 58 percent stake in MillerCoors in the United States to its joint venture partner Molson Coors Brewing for about $12 billion.

WSJ | Biggest Decliners Closing on November 11, 2015.

NYSE Biggest Percentage Decliners | Nasdaq | Arca | Composite
Wednesday, November 11, 2015 - 4:46 pm ET
Issue(Roll over for charts and headlines) Price Chg % Chg Volume
1 Everyday Health (EVDY) $6.72 -3.33 -33.13 2,372,338
2 Eros International (EROS) 8.25 -3.78 -31.42 4,597,323
3 Boot Barn Holdings (BOOT) 12.05 -2.77 -18.69 3,692,452
4 SunCoke Energy Partners (SXCP) 8.12 -1.57 -16.20 396,533
5 Southcross Energy Partners (SXE) 5.04 -0.92 -15.44 473,902
6 SunEdison (SUNE) 4.90 -0.87 -15.08 123,545,107
7 Macy's (M) 40.44 -6.58 -13.99 39,129,008
8 Stone Energy (SGY) 6.62 -1.02 -13.35 3,116,435
9 EP Energy Cl A (EPE) 5.51 -0.82 -12.95 2,931,264
10 W&T Offshore (WTI) 3.42 -0.50 -12.76 1,517,706

WSJ | Biggest Gainers Closing on November 11, 2015.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:46 pm ET 11/11/2015
Issue Volume Price Chg % Chg
Roundys (RNDY) 14,799,708 $3.57 1.39 63.76
Amira Nature Foods (ANFI) 8,512,707 7.61 2.47 48.05
Glaukos (GKOS) 867,243 21.99 3.23 17.22
Daqo New Energy ADR (DQ) 76,137 15.11 1.42 10.37
Enzo Biochem (ENZ) 118,152 4.24 0.38 9.84
NGL Energy Partners (NGL) 784,734 16.64 1.28 8.33
Exterran (EXTN) 606,233 18.14 1.26 7.46
Luxoft Holding (LXFT) 628,356 75.21 4.91 6.98
Xerox (XRX) 26,177,811 10.25 0.63 6.55
Braskem ADR (BAK) 682,467 12.49 0.76 6.48
UCP Cl A (UCP) 151,394 7.86 0.44 5.93
Box Cl A (BOX) 1,487,178 13.79 0.77 5.91
LightInTheBox Holding ADR (LITB) 165,828 3.64 0.20 5.81
Wayfair Cl A (W) 3,136,980 41.57 2.14 5.43
Par Technology (PAR) 182,643 7.05 0.36 5.34
Primero Mining (PPP) 1,664,103 2.19 0.11 5.29
Tutor Perini (TPC) 423,532 16.96 0.83 5.15
Envestnet (ENV) 559,442 33.49 1.47 4.59
CGI Group Cl A (GIB) 676,549 40.61 1.78 4.58
ADT Corp. (ADT) 6,633,091 33.99 1.44 4.42
Molson Coors Brewing Cl B (TAP) 10,413,138 92.19 3.88 4.39
NCI Building Systems (NCS) 304,027 11.64 0.48 4.30
Installed Building Products (IBP) 169,133 24.57 1.00 4.24
Banco Santander Brasil ADR (BSBR) 1,377,077 3.99 0.16 4.18
Companhia Brasileira de Distribuicao Grupo Pao de Acucar ADR (CBD) 945,355 14.34 0.56 4.06