Showing posts with the label GATA | THE GATA DISPATCHES.
U.S. law against 'conflict gold' unenforceable and ineffective Submitted by cpowell on 11:28PM ET Sunday, July 1, 2012. Section: Daily Dispatches 'Conflict Gold' Trade Continues in Face of U.S. Law By Jonny Hogg and Jan Harvey Reuters Friday, June 29, 2012 http://www.reuters.com/article/2012/06/29/us-gold-conflict-idUSBRE85S1A4... MONGBWALU , Democratic Republic of Congo -- Gold traders in the eastern Congo district of Ituri have heard of the Dodd-Frank Act, or "Obama's Law" as it's known here, but don't see why it's got anything to do with them. "I struggle to understand this Obama's law," says George Lobho, one of hundreds of traders operating out of tiny wooden shacks in the muddy streets of Mongbwalu. "What does it mean?" Ituri is one of many areas of the country to have experienced bitter ethnic conflict between rival tribes in recent years. Massacres have left tens of thousands
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Only market manipulation props up Facebook IPO at first day's close Submitted by cpowell on 01:48PM ET Friday, May 18, 2012. Section: Daily Dispatches Facebook Off to Faltering Public Start By April Dembosky and Telis Demos Financial Times, London Friday, May 18, 2012 http://www.ft.com/intl/cms/s/0/c7bfd916-a113-11e1-9fbd-00144feabdc0.html Facebook's life as a public company got off to a faltering start as technology glitches delayed the opening of trading and underwriters had to intervene to prevent its shares falling below the $38 issue price set on Thursday. The stumbles, however, did not stop the company from celebrating the successful conclusion of the third largest initial public offering in US history on Friday. The $16 billion it raised trails only Visa's IPO in 2009 and a GM share issue in 2010. Facebook's closely-watched Wall Street debut defied predictions of a spike in first-day trading and contrasted with the scene at its