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Showing posts from February 3, 2016

The Guardian | A>ustralia | Opinion | Economic Policy - February 3, 2016: Income Inequality: Trickle Down Economics is Alive and Well in Australia by Ben Oquist.

theguardian.com Ben Oquist   I grew up in Sydney, a beautiful city regarded as one of the most liveable in the world. But that amenity is increasingly becoming unattainable for many Sydneysiders. As inequality increases, the opportunities and natural beauty become available to a dwindling minority: according to an Australian Bureau of Statistics report Sydney has become Australia’s least egalitarian city, where 11.4% of all income goes to just 1% of residents.

GATA | THE GATA DISPATCH - February 3, 2016: 3 Articles: U.S.A Watchdog's Greg Hunter Interviews Hugo Salinas Price on Gold Revaluation | NY Fed prez hints it's one-and-done for interest rate hikes | Gold figures heavily in Lars Schall's tremendous interview with Ronnie Stoeferle

Submitted by cpowell on February 3, 2016. February 3, 2016 Monetary metals advocate Hugo Salinas Price, president of the Mexican Civic Association for Silver, explains today in an interview with USA Watchdog's Greg Hunter why he expects a worldwide depression caused by excessive debt and then an official revaluation of gold to devalue debt. The interview, 24 minutes long, is especially nice because it's a video interview and you can see the two participants. It's posted at USA Watchdog's Internet site here: http://usawatchdog.com/world- going-into-nasty-depression- hugo-salinas-pr...  _________________________________________________________________________________ Sam Fleming and Robin Wigglesworth Financial Times, London Wednesday, February 3, 2016 Global financial conditions have tightened markedly since the Federal Reserve lifted interest rates in December and the central bank will have to take that into account if the sit

WSJ | Major Indexes Closing on February 3, 2015.

The Wall Street Journal Major Indexes Closing Major Indexes 5:42 p.m. EST 02/03/16

DealBook P.M. Edition - February 3, 2016: Toxic Loans Worldwide Weigh on Global Growth.

    Wednesday, February 3, 2016 TOP STORY Toxic Loans Worldwide Weigh on Global Growth Bad debts have been a drag on economic activity ever since the financial crisis of 2008, but the threat appears to be rising, and China is the biggest source of worry.

NYT Afternoon Update - February 3, 2016: Surge of Zika Virus Has Brazilians Re-examining Strict Abortion Laws.

Afternoon Update Wednesday, February 3, 2016 Top News Surge of Zika Virus Has Brazilians Re-examining Strict Abortion Laws By SIMON ROMERO

CFTC Press Release - February 3, 2016: CFTC Charges Florida-Based Oakmont Financial, Inc. and Joseph Charles DiCrisci with Engaging in Illegal, Off-Exchange Precious Metals Transactions

RELEASE: pr7317-16 February 3, 2016 CFTC Charges Florida-Based Oakmont Financial, Inc. and Joseph Charles DiCrisci with Engaging in Illegal, Off-Exchange Precious Metals Transactions

Kitco News - February 3, 2016: Gold Hits Fresh 3-Month High; 1,180 Coud be Next - Chief Market Stategist.

Gold Hits Fresh 3-Month High; $1,180 Could be Next - Chief Market Strategist

Wall Street at Close Report on February 3, 2016, by CNBC: Dow, S&P Stage Sharp Turnaround as Oil Rises 8%.

cnbc.com Fred Imbert U.S. stocks closed mostly higher on Wednesday, with the Dow and S&P completing a massive comeback spurred by a surge in oil.

EBRD News - February 3, 2016: EBRD Conference Calls for New Strategy to Tackle Refugee Crisis

ebrd.com Bank aiming for €900 million financing package A conference hosted by the EBRD called for a new approach to tackle the refugee crisis caused by the Syrian civil war.

ESA Visualizing Atmospheric Rivers - February 3, 2016.

Editor's Note: The Commerce Data Service recently launched the Commerce Data Usability Project to feature tutorials and case studies in order to assist data scientists, programmers, researchers and other data users access and utilize a range of Commerce Department datasets. As part of this project, a number of external organizations are sharing tutorials  illustrating their innovative use of Commerce data. In the guest blog below, Mapbox explains how to visualize NOAA precipitable water data . To learn more about this project, visit www.commerce.gov/datausability .

SEC Press Release - February 3, 2016: SEC Charges Growth Funding II and Ralph Johnson for Fraud.

The Securities and Exchange Commission today announced fraud charges against a Manhattan-based lending company and its owner accused of repeatedly lying to investors purchasing high-yield securities.  The SEC also charged the brokerage firm that acted as the placement agent and two of its executives.

NYT Opinion - February 3, 2016: To End Syria's War, Help Assad's Officers Defect.

The Guardian | Opinion | Tax and Spending - February 3, 2016: These Mate's Rates From George Osborne Let Google Off the Hook on Tax by John McDonnell

theguardian.com   John McDonnell   P erhaps the best indicator of George Osborne’s shifting position on the Google deal has been his studied refusal to answer questions about it. After sending along a junior minister to answer my urgent question last week , the usually camera-friendly and politically ambitious chancellor has been notable by his absence from the media.

Bits | The Business of Technology - February 3, 2016: Yahoo's Multipronged Turnaround Strategy.

Wednesday, February 3, 2016 Daily Report Yahoo's Multipronged Turnaround Strategy | For Yahoo, there is no simple way out of its current woes. So Yahoo's solution is to look at all options.

GATA | THE GATA DISPATCH on February 3, 2016: Japanese Central Banker Claims Omnipotence for Devaluing Currency

Submitted by cpowell on February 3, 2016 .  Go, Haruhiko, go! * * * 'No Limit' to Japan Easing, Says Kuroda By Robin Harding Financial Times, London Wednesday, February 3, 2016 TOYKO -- Haruhiko Kuroda sai d there was "no limit" to monetary easing as he vowed to slash Japanese interest rates deeper into negative territory if necessary.

FDIC Financial Institution Letter - February 3, 2016: Interest Rate Risk videos Update

  Financial Institution Letter Interest Rate Risk Videos Updated FIL-10-2016 2/3/2016 Summary: As part of the FDIC's Community Banking Initiative, the FDIC is announcing the release of updated videos on interest rate risk. The new videos provide financial institution directors, management and staff with resources for better understanding interest rate risk and how it can be prudently managed.

European Markets at Close Report on February 3, 2016: Europe Ends Down 1.5%; Oil jumps 5%, Banks Tumble.

cnbc.com Arjun Kharpal, Holly Ellyatt, Alexandra Gibbs   European equities closed firmly in the red on Wednesday; as a sharp rise in oil prices failed to relieve any stress from the markets. The pan-European STOXX 600 fell sharply lower but came off session lows, finishing down 1.5 percent respectively.

U.S. Stock Market Future Indications Update, Update by MarketWatch - February 3, 2016: Stock futures Nudge Higher as Energy Plays Gain

marketwatch.com   Ellie Ismailidou, Sara Sjolin U.S. stock-index futures inched higher ahead of the opening bell, trying to end two days of losses as a turn higher in oil prices helped lift energy stocks. A private-sector employment report that pointed to solid job growth in January gave stock futures a small nudge higher.

GATA | THE GATA DISPATCH - February 3, 2016: China's Gold Production Falls as Demand Rises

Submitted by cpowell on  3, 2016 .  China 2015 Gold Output Dips 0.4%, Consumption Rises By David Stanway Reuters Wednesday, February 3, 2016 China, the world's top gold miner and consumer, produced 450.05 tonnes of the precious metal in 2015, down 0.4 percent from a year earlier, the country's gold industry body said today.

NYT First Draft on Politics - February 3, 2016: New Hampshire Offers Trump a Clean Slate and Potentially More Stable Ground.

Wednesday, February 3, 2016 NYTimes.com/FirstDraft » Wednesday, February 3, 2016 Donald J. Trump held a news conference in Milford, N.H., on Tuesday night with Scott P. Brown, a Republican former senator from Massachusetts. Damon Winter/The New York Times New Hampshire Offers Trump a Clean Slate and Potentially More Stable Ground By MAGGIE HABERMAN

DealBook Today's Top Headlines - February 3, 2016: ChemChina Makes $43 Billion Offer for Syngenta | Yahoo Seeks to Streamline | A Star Lawyer and a Conflict at Theranos | A Warning on Bankruptcy in Puerto Rico's Crisis.

    Wednesday, February 3, 2016 TODAY'S TOP HEADLINES By AMIE TSANG CHEMCHINA MAKES $43 BILLION OFFER FOR SYNGENTA China National Chemical Corporation offered to buy Syngenta, one of the world's biggest manufacturers of agricultural chemicals and seeds, for more than $43 billion, Chad Bray and Amie Tsang report in DealBook. The state-owned ChemChina would pay $465 a share and a special dividend of five Swiss francs, or about $4.90, upon closing - a 22 percent premium to Syngenta's closing price on Tuesday . Syngenta's board, which rejected a takeover from Monsanto last year, said it was unanimously recommending that shareholders accept the deal . Syngenta would remain based in Switzerland and continue to be run by its existing management. The transaction would be the largest acquisition of a foreign company by a Chinese firm and comes after a string of deals from one of China's largest chemical companies. T