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Feb 16, 2016

RT Max Keiser Report - February 16, 2016: Unintended Consequences of Economics Goals.

Keiser Report: Unintended Consequences of Economics Goals (E876)

RT

Published on Feb 16, 2016
Check Keiser Report website for more: http://www.maxkeiser.com/

In this episode of the Keiser Report Max Keiser and Stacy Herbert discuss unintended geo-economic and financial consequences of trying to treat economics and politics as a science. They note the capital flight from Italy and Spain; and the growth of deposits in Russia due to sanctions. They also look at the lawsuit by American victims of Mexican drug cartels against HSBC, who they allege directly committed an act of terrorism. In the second half Max interviews Mitch Feierstein of PlanetPonzi.com about the Fed’s attempt to taper a ponzi, the market chaos it has caused and the negative rates trying to stop the debt deflation.

The Guardian | World | Australia | Tax (Australia) - February 16, 2016: Turnbull Says Labor's Negatve Gearing Harms "Average" Earners as GST Ruled Out.

theguardian.com
 
Gabrielle Chan
 
Malcolm Turnbull has criticised Labor’s plan to end negative gearing on existing homes while confirming the government was looking at “every aspect” of the issue.

NYT Afternoon Update - February 16, 2016: Top News: Key Senator Says He Might Hold Hearings on Supreme Court Nominee.

 
The New York Times

Tuesday, February 16, 2016

 
Top News
Senator Charles E. Grassley, Republican of Iowa and chairman of the Senate Judiciary Committee, in Wilton, Iowa, last month.
Key Senator Says He Might Hold Hearings on Supreme Court Nominee

By JENNIFER STEINHAUER

In a shift, Senator Charles E. Grassley of Iowa, head of the Senate Judiciary Committee, said he would wait until a nomination was made to decide.

DealBook P.M. Edition - February 16, 2016: Prosecutors Have Deal With Second Dewey & LeBoeuf Figure

 
Tuesday, February 16, 2016
TOP STORY
Zachary Warren, center, former client relations manager at the law firm Dewey & LeBoeuf, leaving a court hearing in March 2014.
Prosecutors Have Deal With Second Dewey & LeBoeuf Figure A deferred prosecution agreement with Zachary Warren leaves two defendants in an accounting fraud case involving the now-defunct law firm.

WSJ | Forex Closing on February 16, 2016.

The Wall Street Journal Forex Closing
Major Currencies
Tuesday, February 16, 2016

WSJ | Major Indexes Closing on February 16, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes

WSJ | Biggest Decliners Closing on February 16, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 02/16/2016
NYSE

WSJ | Biggest Gainers Closing on February 16, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 02/16/2016
NYSE

WSJ | Most Actives Closing on February 16, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:46 pm ET 02/16/2016
NYSE

Wall Street at Close Report on February 16, 2016, by CNBC: Dow Closes Up 200 Despite Oil Slide; Transports Surge More Than 2%.

cnbc.com

Evelyn Cheng
 
U.S. stocks closed higher Tuesday, helped by gains in consumer discretionary and financials, as well as positive developments in China.
The Dow transports closed up more than 2 percent.
Consumer discretionary gained more than 2 percent to lead the S&P 500 higher, while the SPDR S&P Retail ETF (XRT) briefly gained 4 percent. Core retail sales topped expectations Friday with a 0.6 percent rise last month after an unrevised 0.3 percent decline in December.

SEC Press Release - February 16, 2016: Tech Company Bribed Chinese Officials

SEC Seal

The Securities and Exchange Commission today announced that a Massachusetts-based technology company and its Chinese subsidiaries agreed to pay more than $28 million to settle parallel civil and criminal actions involving violations of the Foreign Corrupt Practices Act (FCPA).

CMI Spot Prices as of Close of Trading in New York on February 16, 2016.

Spot Prices as of traditional New York closing times

Tuesday, February 16, 2016


 

The Guardian | World | Bernie Sanders-Opinion - February 16, 2016: Thomas Picketty on the Rise of Bernie Sanders: The U.S. Enters a New Political Era.

theguardian.com

Thomas Piketty
 
How can we interpret the incredible success of the “socialist” candidate Bernie Sanders in the US primaries? The Vermont senator is now ahead of Hillary Clinton among Democratic-leaning voters below the age of 50, and it’s only thanks to the older generation that Clinton has managed to stay ahead in the polls.

FDIC Weekly National Rates and Rate Caps Update - February 16, 2016.

FDIC

Weekly National Rates and Rate Caps

On May 29, 2009, the FDIC Board of Directors approved a final rule making certain revisions to the interest rate restrictions applicable to less than well capitalized institutions under Part 337.6 of the FDIC Rules and Regulations. The final rule redefined the "national rate" as a simple average of rates paid by U.S. depository institutions as calculated by the FDIC. The national rates and rate caps for various deposit maturities and sizes are provided below.
For more information. see Financial Institution Letter FIL-25-2009
Rates updated February 16, 2016

European Markets at Close Report on February 16, 2016, by CNBC: Stocks Slip as Oil Output Deal Disappoints; Miners Fall.

cnbc.com

Arjun Kharpal, Alexandra Gibbs
 
European markets closed mostly lower on Tuesday, as a decline in commodity prices and mixed earnings news offset positive sentiment surrounding the latest comments from the European Central Bank.

Reuters | Money - February 16, 2016: How Money Changes Us, And Not For The Good.

reuters.com
 
By Chris Taylor
 
NEW YORK Whether we have money or not, one thing is certain: It is never far from our minds. Just look at the presidential election. Among the candidates are a billionaire and a self-proclaimed democratic socialist, each with their own prescriptions about how to address rampant income inequality. (Waiting in the wings is another billionaire.)

U.S. Stock Market Future Indications Update - February 16, 2016, by MarketWatch: Wall Street Set For Postholiday Rally as Oil Prices Attempt to Stabilize.

marketwatch.com

Ellie Ismailidou, Sara Sjolin
 
U.S. stock futures trimmed earlier strong gains but remained in positive territory, tracking moves in oil prices which were attempting to stabilize on hopes that major oil producers would agree to freeze output.
Futures for the Dow Jones Industrial Average YMH6, +1.08%  retreated from an earlier 200-point jump to trade 160 points, or 1%, higher at 16,073. Futures for the S&P 500 index ESH6, +1.17%  were up 19 points, or 1% to 1,878. Futures for the Nasdaq-100 index NQH6, +1.55%  climbed 58 points, or 1.5%, to 4,064.

European Markets - February, 16, 2016, by CNBC: Stocks Under Pressure as Oil Pares; Miners, Banks Slip.

cnbc.com

Arjun Kharpal, Alexandra Gibbs
European markets came under pressure on Tuesday as a fall in banks and mining stocks, along with oil prices coming off session highs, offset positive sentiment surrounding the latest comments from the European Central Bank.
The pan-European STOXX 600 reversed earlier gains, to trade down some 0.3 percent, with sectors trading mixed.

Bloomberg Politics - February 16, 2016: Supreme Court Vacancy Gives Clinton, Cruz New Advantages.


 
Margaret Talev | Steven T. Dennis |  Sahil Kapur
 
Justice Antonin Scalia’s unexpected death not only unleashed a bitter debate over the president’s powers, it also shook up both parties’ presidential nominating contests, and the ultimate beneficiaries could be Democrat Hillary Clinton and Republican Ted Cruz.
The battle could also reshape the U.S. Senate, the body tasked with approving the next president's Supreme Court nominees.

NYT First Draft on Politics - February 16, 2016: A Fifght in Trenches Between South Carolina and Nevada: Maggie Haberman.


Tuesday, February 16, 2016

The New York Times

NYTimes.com/FirstDraft »

The New York Times

Tuesday, February 16, 2016

Flags at half-staff at the Capitol on Monday for Justice Antonin Scalia, who died on Saturday.
Flags at half-staff at the Capitol on Monday for Justice Antonin Scalia, who died on Saturday. Zach Gibson/The New York Times
A Fight in the Trenches Between South Carolina and Nevada
By MAGGIE HABERMAN

DealBook Today's Top Headlines - January 16, 2016: Stock Markets Spring Back | Hedge Funds Back in the Game | A Recipe for Toxic Air in Puerto Rico.


Tuesday, February 16, 2016
TODAY'S TOP HEADLINES
By AMIE TSANG
STOCK MARKETS SPRING BACK Asian and European stocks extended their gains on Tuesday, bouncing back from last week's rout, Reuters reports.

U.S. Stock Market Future Indications - February 16, 2016, by MarketWatch: Dow Futures Rally Almmost 200 points as Investors Warm to Risk.

marketwatch.com

Sara Sjolin
 
U.S. stock futures leaped higher on Tuesday as a recovery for global stock markets continued, partly fueled by a stabilization in oil prices and hopes that central banks will launch more easing.

Bloomberg View - February 16, 2016: The Trouble With Banks is Contained, For Now, by Mohamed A. El-Erian.

bloombergview.com
 
Mohamed A. El-Erian
 
Three asset classes -- energy, high-yield corporate bonds and emerging-market currencies -- became unhinged last year amid abnormal asset price volatility. Now the banking segment seems to be getting a lot closer to following the same route. Should this occur -- thankfully, that's still a big if at this stage -- the consequences for the real economy and global financial markets would be much more consequential.

The Guardian | Uk | Media Briefing - February 16, 2016: Today's Media Stories From The Papers

theguardian.com

Today's media stories from the papers

Top story on MediaGuardian

Credits roll on-air for the final time as BBC3 becomes online only
Channel aimed at younger audience, which launched 13 years ago, sees budget cut from £85m to £30m as it stops broadcasting on television

Asian Markets at Close Report on February 16, 2016: China Shares Rally, With Financials in the Lead as Bargain-Hunting Continues

marketwatch.com
 
Chao Deng 
 
A global rally in equities picked up pace in Asia on Tuesday, as oil prices rose sharply and concerns about volatility in Chinese markets eased for the moment.