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Feb 17, 2016

The White House - February 17, 2016: U.S. President Obama Speaks on The Cybersecurity National Action Plan.



Published on Feb 17, 2016
President Obama delivers remarks in the Oval Office on the Cybersecurity National Action Plan. February 17, 2016.

The Guardian | Science | Evolution - February 17, 2016: Oldest Known Case of Neanderthal-Human Sex Revealed by DNA Test.

theguardian.com
 
Ian Sample
 
A Neanderthal woman who lived and died in a Siberian cave 50,000 years ago has led researchers to the oldest known case of sex between modern humans and their beefy, thick-browed cousins.

The Guardian | World | Europe | Paris Attacks - February 18, 2016 (00.50 GMT): Suspects Had Video of Belgian Nuclear Official, Says Prosecutor.

theguardian.com
 
Investigators probing the Paris attacks have found video footage of a senior Belgian nuclear official, a prosecutor has said.
The Belgian prosecutor confirmed the existence of “images mentioned by the press this morning regarding a person linked to the nuclear industry” in reference to a report in the daily La Derniere Heure.

GATA | THE GATA DISPATCH - February 17, 2016: Interviews With GATA Chairman Murphy and GoldMoney Founder Turk


Submitted by cpowell on Wednesday, February 17, 2016. February 17, 2016

Dave Kranzler and Rory Hall of Investment Research Dynamics this week interviewed GATA Chairman Bill Murphy about the growing volatility in the gold and silver markets and whether it signifies trouble for the price suppressors. The interview is 30 minutes long and begins at the 4:50 mark here:

The Guardian | Business Steel Industry - February 17, 2016: South Australia Negotiating Bailout forArrium to Prevent Whyalla Steelworks Closure.

theguardian.com
 
South Australia’s government is negotiating a bailout for troubled miner Arrium to prevent further job losses at its Whyalla steelworks.
The South Australia-based company says it needs to find $60m in cost savings to break even at Whyalla or the operations will be placed into maintenance.

WSJ | Forex Closing - February 17, 2016

The Wall Street Journal Forex Closing
Major Currencies
Wednesday, February 17, 2016

WSJ | Major Indexes Closing on February 17, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EST 02/17/16

DealBook P.M. Edition - February 17, 2016: Top Story: Fed Officials, at Meeting, Found Economic Outlook Cloudy.

 
Wednesday, February 17, 2016
TOP STORY
Janet Yellen, the chairwoman of the Federal Reserve.
Fed Officials, at Meeting, Found Economic Outlook Cloudy Federal Reserve policy makers declined to offer a forecast for economic conditions, saying it was unclear whether market turmoil would impede growth.

NYT Afternoon Update - February 17, 2016: Top News: Apple Fights Order to Unlock San Bernardino Gunman's iPhone.

The New York Times

Wednesday, February 17, 2016


Top News
Timothy D. Cook, the chief executive of Apple, released a letter to customers several hours after a California judge ordered the company to unlock an iPhone used by one of the shooters in a recent attack that killed 14 people in San Bernardino.
Apple Fights Order to Unlock San Bernardino Gunman's iPhone

By KATIE BENNER and ERIC LICHTBLAU

Timothy D. Cook, Apple's chief, said the government's request to bypass security on the phone used by Syed Rizwan Farook had "chilling" implications.
President Obama returned to the White House on Tuesday after hosting a summit with leaders from the Association of Southeast Asian Nations.
Supreme Court Vacancy Has Left and Right Ready to Pounce

By MICHAEL D. SHEAR

With the prospect of a nomination by President Obama, Washington's liberal and conservative advocacy machines are roaring to life in record time.
Donald J. Trump in North Augusta, S.C., on Tuesday. Mr. Trump's populism runs counter to almost everything Republicans in Washington have stood for, drawing scorn from party leaders and opinion makers.
The More Donald Trump Defies His Party, the More His Supporters Cheer

By TRIP GABRIEL

His popularity, even after he criticized President George W. Bush, shows how deeply the G.O.P. misjudged the rank and file's adherence to conservatism.
Gov. Nikki Haley waved to the crowd before watching the Republican debate on Jan. 14 in North Charleston, S.C.

First Draft

Nikki Haley to Endorse Marco Rubio as South Carolina Prepares to Vote

By JEREMY W. PETERS

Senator Marco Rubio will receive the endorsement of South Carolina's governor, Nikki R. Haley, a stamp of approval that could prove significant as his campaign tries to break out in the state's primary on Saturday.
Daoud Muradyan, who is blind, in his house in Avignon, France. He was placed under house arrest under the state of emergency declared by President François Hollande after the Nov. 13 terrorist attacks in Paris.
France's Emergency Powers Spur Charges of Overreach From Muslims

By ALISSA J. RUBIN

Critics of the state of emergency say the human cost of warrantless searches has been disproportionate to their efficacy.
. The Policies in France, and Everywhere Else


Editors' Picks
The Sheng Chi Huei 12, a Taiwanese fishing vessel.

MAGAZINE | Feature

Palau vs. the Poachers

By IAN URBINA

The island nation has mounted an aggressive response to illegal fishing in their waters. How they protect themselves may help the rest of the world save all of the oceans.
. More in the Outlaw Ocean Series
A rendering of the 73-story tower planned for Downtown Brooklyn.

N.Y. / REGION

73-Story Tower Would Be Brooklyn's Tallest By Far

By MATT A.V. CHABAN

The building, which would rise beside Junior's Restaurant on DeKalb Avenue in Downtown Brooklyn, would be almost twice as high as anything around it.
Today's Video
Daoud Muradyan, who is blind, in his house in Avignon, France. He was placed under house arrest under the state of emergency declared by President François Hollande after the Nov. 13 terrorist attacks in Paris.
Video Video: A State of Terror
In response to the Paris attacks in November, France declared a state of emergency leading to 3,289 raids of homes and businesses through February, hundreds of arrests and the closing of some mosques.
Video Video: Stranded at the Border
For Syrians fleeing airstrikes in Aleppo Province and hoping to find refuge in Turkey, it remains to be seen what the recent cease-fire agreement means. Most of them are still stuck at the border.
Video Video: Boutros-Ghali: Outspoken Diplomat
Boutros Boutros-Ghali, the former U.N. secretary general, died at the age of 93. His tenure was defined by tragedies in Somalia, Rwanda and the former Yugoslavia as well as friction with the Clinton administration.
Business
Janet Yellen, the chairwoman of the Federal Reserve.
Fed Officials, at Meeting, Found Economic Outlook Cloudy

By BINYAMIN APPELBAUM

Federal Reserve policy makers declined to offer a forecast for economic conditions, saying it was unclear whether market turmoil would impede growth.

State of the Art

Zenefits Scandal Highlights Perils of Hypergrowth at Start-Ups

By FARHAD MANJOO

Zenefits' announcement of serious errors underscores how huge funding rounds and overinflated expectations may wreak havoc in Silicon Valley.
An iPhone 5c. The F.B.I. wants Apple to help it disable the defenses on an iPhone 5c that was owned by a suspect in the killing of 14 people in San Bernardino, Calif., in December.
Should the Authorities Be Able to Access Your iPhone?

By MATT APUZZO

An act from the 18th century helped the Justice Department in its push to make Apple help write software to disable privacy defenses in its phones.
ADVERTISEMENT




GATA | THE GATA DISPATCH - February 17, 2016: TF Metals Report: The Illegitimacy of Comex Gold Pricing.


Submitted by cpowell on February 17, 2016 February 17, 2016

The TF Metals Report's Turd Ferguson writes today that there is no real gold futures price and no renewed bull market in gold, just high-frequency and algorithm trading done off currency pairs while the major bullion banks shuffle gold warehouse receipts among themselves to give the illusion of physical delivery. Ferguson's analysis is headlined "The Illegitimacy of Comex Pricing" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/7451/illegitimacy-comex-pricing

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

WSJ | Biggest Deccliners Closing on Feruary 17, 2016.

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:46 pm ET 02/17/2016
NYSE

WSJ | Most Actives Closing on February 17, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 02/17/2016
NYSE

WSJ | Biggest Gainers Closing on February 17, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 02/17/2016
NYSE

Wall Street at Close Report on February 17, 2016, by CNBC: Stocks Post Biggest 3-Day Gain Since August as Oil Rises

cnbc.com
 
Evelyn Cheng




U.S. stocks closed more than 1.5 percent higher Wednesday for their largest three-day gain since late August, helped by some recovery in oil prices and encouraging economic data.
The Dow Jones industrial average and S&P 500 posted their first three-day win streak of 2016.
"The strength of this rebound, what it's showing to me is, people want to be in this market," said Tom Siomades, head of Hartford Funds Investment Consulting Group.

FRB Notification - February 17, 2016: Federal Reserve offers seven-day term deposits through its Term Deposit Facility.


Press Release

Release Date: February 17, 2016 

On February 18, 2016, the Federal Reserve will conduct a floating-rate offering of term deposits with an early withdrawal feature through its Term Deposit Facility (TDF). The Federal Reserve will offer seven-day term deposits with a rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point. The maximum tender amount per institution will be $5,000,000,000. The operation window will be open from 10:30 a.m. ET to 12:30 p.m. ET, and awarded deposits will settle the same day the operation is executed.

SEC Litigation Release - February 17, 2016: Michael Affa, Andrew Affa, Mitchell Brown, Christopher Putnam, and Christopher Nix

SEC Seal

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23469 / February 17, 2016

Securities and Exchange Commission v. Michael Affa, Andrew Affa, Mitchell Brown, Christopher Putnam, and Christopher Nix, Civil Action No. 14-cv-12959 (D. Mass. July 11, 2014)

Defendant in SEC Microcap Manipulation Case Sentenced in Related Criminal Matter

FRB Press Release - February 17, 2016: Minutes of the Federal Open Market Committee, January 26-27, 2016.

www.federalreserve.gov

 

Press Release

Release Date: February 17, 2016

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 26-27, 2016.

CMI Spot Prices as of Close of Trading in New York on February 17, 2016.

Spot Prices as of traditional New York closing times

Wednesday, February 17, 2016


 

FTC Consumer Updates - February 17, 2016: A year in Debt Collection.

Federal Trade Commission Consumer Information

Chris Koegel
Assistant Director, Division of Financial Practices, FTC

The Guardian | Opinion | U.S. Elections 2016 - Framing The Debate - February 17, 2016: Jeb Bush's Gun Tweet is a Portait of the American Nightmare by Jonathan Jones.

theguardian.com

Jonathan Jones
 
When a man hoping to be president of the United States can sum up his own country with a photograph of a monogrammed gun and the single-word caption “America”, it may be time for the rest of the world to worry.

FDIC Press Release - February 17, 2016: FDIC Board Approves Proposal on Deposit Account Recordkeeping Requirements to Facilitate Timely Access to Deposits in Large Bank Failures

FDIC

Press Release

FDIC Board Approves Proposal on Deposit Account Recordkeeping Requirements to Facilitate Timely Access to Deposits in Large Bank Failures

Bits | The Business of Technology - February 17, 2016: Virtual Reality's Sci-Fi Trip.

The New York Times
Wednesday, February 17, 2016
Daily Report
Virtual Reality's Sci-Fi Trip | Where do techies look for inspiration to help invent new immersive worlds?

Federal Reserve Board Notification - February 17, 2016: G.17 - Industrial Production and Capacity Utilization

 
www.federalreserve.gov

Industrial Production and Capacity Utilization - G.17


Current Release (250 KB PDF) (ASCII)

Release Date: February 17, 2016
Industrial production increased 0.9 percent in January after decreasing 0.7 percent in December. A storm late in the month likely held down production in January by a small amount. The index for utilities jumped 5.4 percent; demand for heating moved up markedly after having been suppressed by unseasonably warm weather in December. Manufacturing output increased 0.5 percent in January and was 1.2 percent above its year-earlier level. Mining production was unchanged following four months with declines that averaged about 1 1/2 percent per month. At 106.8 percent of its 2012 average, total industrial production in January was 0.7 percent below its year-earlier level. Capacity utilization for the industrial sector increased 0.7 percentage point in January to 77.1 percent, a rate that is 2.9 percentage points below its long-run (1972–2015) average.

Industrial Production and Capacity Utilization: Summary

Seasonally adjusted
Industrial production 2012=100 Percent change
2015 2016
Jan.[p]
2015 2016
Jan.[p]
Jan. '15 to
Jan. '16
Aug.[r] Sept.[r] Oct.[r] Nov.[r] Dec.[r] Aug.[r] Sept.[r] Oct.[r] Nov.[r] Dec.[r]
       
Total index 107.5 107.5 107.4 106.6 105.9 106.8 .0 .0 -.1 -.8 -.7 .9 -.7
Previous estimates 107.6 107.6 107.4 106.4 106.0   .1 .0 -.2 -.9 -.4    
       
Major market groups
Final Products 105.0 104.7 104.4 103.6 102.9 104.0 .2 -.3 -.2 -.8 -.7 1.1 -.5
Consumer goods 106.9 106.7 106.5 105.8 105.0 106.7 .0 -.2 -.2 -.7 -.7 1.6 1.4
Business equipment 107.3 106.9 106.6 105.2 104.4 104.7 .5 -.4 -.3 -1.3 -.8 .3 -1.4
Nonindustrial supplies 105.7 106.3 107.3 107.1 106.7 107.4 .4 .5 1.0 -.2 -.4 .7 1.4
Construction 110.1 109.5 111.7 111.8 112.1 111.7 .5 -.6 2.0 .0 .3 -.3 1.4
Materials 110.1 110.3 109.9 108.8 108.0 109.0 -.3 .2 -.4 -.9 -.7 .8 -1.6
       
Major industry groups
Manufacturing (see note below) 105.9 105.8 106.2 105.9 105.7 106.2 -.2 -.1 .3 -.2 -.2 .5 1.2
Previous estimates 106.0 105.8 106.2 106.1 106.0   -.1 -.1 .4 -.1 -.1    
Mining 116.7 115.7 113.9 112.3 110.1 110.1 .1 -.8 -1.6 -1.4 -2.0 .0 -9.8
Utilities 103.2 104.9 103.1 99.3 96.5 101.7 1.4 1.7 -1.8 -3.7 -2.9 5.4 -2.8
Capacity utilization Percent of capacity Capacity
growth
Average
1972-
2015
1988-
89
high
1990-
91
low
1994-
95
high

2009
low

2015
Jan.
   
2015 2016
Jan.[p]
Jan. '15 to
Jan. '16
Aug.[r] Sept.[r] Oct.[r] Nov.[r] Dec.[r]
       
Total industry 80.0 85.2 78.8 85.0 66.9 78.7 77.9 77.9 77.7 77.0 76.4 77.1 1.4
Previous estimates             78.0 77.9 77.7 76.9 76.5    
       
Manufacturing (see note below) 78.5 85.6 77.3 84.6 63.9 76.1 76.2 76.1 76.3 76.0 75.8 76.1 1.2
Previous estimates             76.3 76.1 76.3 76.1 76.0    
Mining 87.4 86.2 83.8 88.7 79.0 89.8 83.9 83.0 81.5 80.1 78.4 78.8 2.9
Utilities 85.8 92.9 84.3 93.3 78.5 80.3 78.9 80.2 78.7 75.8 73.6 77.5 .7
       
Stage-of-process groups
Crude 86.3 87.6 84.3 89.8 76.9 87.1 82.9 82.6 81.5 80.4 79.0 79.5 2.2
Primary and semifinished 80.6 86.5 78.1 87.8 64.2 76.8 76.2 76.4 76.6 75.6 75.1 76.0 1.0
Finished 77.0 83.4 77.4 80.7 66.7 76.3 76.7 76.4 76.2 76.0 75.6 76.1 1.5
r Revised. p Preliminary.
Market Groups
The indexes for consumer goods, business supplies, and materials all rose nearly 1 percent or more in January; the rise in utilities output contributed significantly to the gains in each of these sectors. The major market groups unaffected by the jump in utilities recorded mixed results. The production of consumer durables rose 1.2 percent, while the output of consumer non-energy nondurables increased 0.8 percent. The production of business equipment gained 0.3 percent, with increases for transit equipment and for industrial and other equipment. The indexes for construction supplies and general business supplies each declined 0.3 percent or less, and the production of defense and space equipment decreased 0.7 percent. The indexes for durable and nondurable materials each rose about 1/2 percent; almost all of their major components posted increases.
Industry Groups
Manufacturing output rose 0.5 percent in January, with increases of about 1/2 percent both for nondurables and durables and a small decrease for other manufacturing (publishing and logging). Within nondurables, the largest gains, about 1 percent, were posted by food, beverage, and tobacco products and by chemicals, while the largest decreases, about 2 percent, were recorded by apparel and leather and by printing and support. Results for the major durable goods industries were spread between a drop of 1.3 percent for electrical equipment, appliances, and components and a gain of 2.8 percent for motor vehicles and parts. Within mining, substantial decreases for oil and gas well drilling and servicing, for coal mining, and for nonmetallic mineral mining were offset by increases for oil and gas extraction and for metal ore mining.
Capacity utilization for manufacturing increased 0.3 percentage point in January to 76.1 percent, a rate that is 2.4 percentage points below its long-run average. The operating rates for durables and nondurables each rose 0.3 percentage point, while the utilization rate for other manufacturing (publishing and logging) fell 0.1 percentage point. The operating rate for mining moved up about 1/2 percentage point, and the rate for utilities rose nearly 4 percentage points; the rates for both sectors were nearly 9 percentage points below their long-run averages.
The data in this release include preliminary estimates of industrial capacity for 2016. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 0.5 percent this year after increasing 1.5 percent in 2015. Manufacturing capacity is expected to advance 1.1 percent in 2016, about the same pace as in 2015. Capacity in the mining sector is estimated to fall 3.2 percent in 2016 after rising 4.2 percent in 2015. Capacity at electric and natural gas utilities is projected to increase 0.8 percent for a second consecutive year.

Revision of Industrial Production and Capacity Utilization


The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2016. New annual benchmark data for 2014 for manufacturing will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to monthly indicators (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.
Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2015 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.
Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.

G.17 Release Tables:

Summary: Industrial Production and Capacity Utilization
Chart 1: Industrial Production, Capacity, and Capacity Utilization
Chart 2: Industrial Production and Capacity Utilization
Chart 3: Industrial Production and Capacity Utilization, High Technology Industries
Table 1: Industrial Production: Market and Industry Groups (percent change)
Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change)
Table 3: Motor Vehicle Assemblies
Table 4: Industrial Production Indexes: Market and Industry Group Summary
Table 5: Industrial Production Indexes: Special Aggregates
Table 6: Diffusion Indexes of Industrial Production
Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities
Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change)
Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies
Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups
Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry
Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing
Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries
Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries
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Last update: February 17, 2016