Bank of England says the UK recovery has taken hold … Mark Carney: "For the first time in a long time, you do not have to be an optimist to see the glass is half full" … Bank of England governor Mark Carney says the UK recovery has "taken hold" and unemployment will fall sooner than it had forecast. The comments came in the Bank's latest quarterly inflation repo...Read More
A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply Vanished … A Chinese Bitcoin exchange that held up to $4.1 million in users' accounts has gone offline and everyone involved with it has vanished, according to CoinDesk. – Business InsiderDominant Social Theme: Bitcoin is a suspicious kind of money.Free-Market Analysis: We've written several articles somewha...Read More
Bank of England says the UK recovery has taken hold … Mark Carney: "For the first time in a long time, you do not have to be an optimist to see the glass is half full" … Bank of England governor Mark Carney says the UK recovery has "taken hold" and unemployment will fall sooner than it had forecast. The comments came in the Bank's latest quarterly inflation repo...Read More
A Bitcoin Exchange Holding $4.1 Million For 1,000 Customers Has Simply Vanished … A Chinese Bitcoin exchange that held up to $4.1 million in users' accounts has gone offline and everyone involved with it has vanished, according to CoinDesk. – Business InsiderDominant Social Theme: Bitcoin is a suspicious kind of money.Free-Market Analysis: We've written several articles somewha...Read More
The secret, dirty cost of Obama's green power push … The hills of southern Iowa bear the scars of America's push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply. Even the cemetery that disappeared like an apparition into a cornfield. It wasn't supposed to be this way. With the Iowa political c...Read More
Typhoon Haiyan 'the result of climate change' … The Philippines delegate at the UN Climate Change talks that began on Monday has blamed Typhoon Haiyan on climate change, and urged sceptics to 'get off their ivory towers'. Naderev "Yeb" Sano, representative for the Philippines at the UN Climate Change talks, broke down in tears as he addressed delegates in Warsaw. Mr...Read More
The secret, dirty cost of Obama's green power push … The hills of southern Iowa bear the scars of America's push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply. Even the cemetery that disappeared like an apparition into a cornfield. It wasn't supposed to be this way. With the Iowa political c...Read More
Typhoon Haiyan 'the result of climate change' … The Philippines delegate at the UN Climate Change talks that began on Monday has blamed Typhoon Haiyan on climate change, and urged sceptics to 'get off their ivory towers'. Naderev "Yeb" Sano, representative for the Philippines at the UN Climate Change talks, broke down in tears as he addressed delegates in Warsaw. Mr...Read More
Reports of the survival of the eurozone may have been greatly exaggerated … Last week's surprise interest rate cut by the European Central Bank (ECB) may have been taken as good news by the markets, but it was largely a response to the looming danger of deflation in the eurozone. And that is not good news at all. It is a severe problem of economic forecasting that if you manage to identi...Read More
The lessons from Obamacare's flawed Web launch … As the president has recognized, the failure of his administration to deliver a functioning website that Americans can use to enroll in Obamacare represents an inexcusable error. Having succeeded after more than a century of failed efforts in achieving the progressive dream goal of legislating universal health insurance in America, it is t...Read More
Reports of the survival of the eurozone may have been greatly exaggerated … Last week's surprise interest rate cut by the European Central Bank (ECB) may have been taken as good news by the markets, but it was largely a response to the looming danger of deflation in the eurozone. And that is not good news at all. It is a severe problem of economic forecasting that if you manage to identi...Read More
The lessons from Obamacare's flawed Web launch … As the president has recognized, the failure of his administration to deliver a functioning website that Americans can use to enroll in Obamacare represents an inexcusable error. Having succeeded after more than a century of failed efforts in achieving the progressive dream goal of legislating universal health insurance in America, it is t...Read More
Investor's Digest of Canada, MPL Communications Inc.133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846 - Edited from an article by Keith Richards By this time, you already know America isn't going to go over the fiscal cliff - at least not yet. Just as this paper was going to press, Congress and President Obama succeeded in bringing an end to the stand off that had threatened to shut dow...Read More
Colombia's top-coal-producer Cerrejon on Monday said its output targets for this calendar year will likely be missed.Cerrejon, a joint venture between Anglo American, BHP Billiton and Glencore Xstrata, production target for 2013 was 34 million tonnes, but a month-long strike and multiple bombings of its railway infrastructure including two in the space of ten days last month, are making that diffi...Read More
Bernanke Says Failing Bank Process Needed to Reduce Crises … Federal Reserve Chairman Ben S. Bernanke said a process under development that would allow regulators to take down a failing bank will help ensure investors discipline weak firms and prevent them from taking risks without consequence. "As we try to make the financial system safer, we must inevitably confront the problem of mor...Read More
Paranoia Has Undermined United States Claim to Liberal Democracy … Agent Carrie Mathison is a topical figure. The main character in the American TV series "Homeland," played by the wonderful Claire Danes, shows her true relevance in the first few episodes, in which Mathison is nervously sitting at home, observing and listening in on the life of a terror suspect on a large screen. H...Read More
Bernanke Says Failing Bank Process Needed to Reduce Crises … Federal Reserve Chairman Ben S. Bernanke said a process under development that would allow regulators to take down a failing bank will help ensure investors discipline weak firms and prevent them from taking risks without consequence. "As we try to make the financial system safer, we must inevitably confront the problem of mor...Read More
Paranoia Has Undermined United States Claim to Liberal Democracy … Agent Carrie Mathison is a topical figure. The main character in the American TV series "Homeland," played by the wonderful Claire Danes, shows her true relevance in the first few episodes, in which Mathison is nervously sitting at home, observing and listening in on the life of a terror suspect on a large screen. H...Read More
Twitter Surges in Trading Debut After $1.82 Billion Share Sale. Twitter Inc. jumped 73 percent in its trading debut, as investors paid a premium for its promises of fast growth. The stock rose to $44.90 at the close in New York from the initial public offering price of $26, delivering the biggest one-day pop for an IPO that raised more than $1 billion since Alibaba.com Ltd. debuted in 2007, accord...Read More
Politics Revealed: Obama Campaign Bundler Helping Fund Libertarian in Tight Va. Gubernatorial Race … A major Democratic Party benefactor and Obama campaign bundler helped pay for professional petition circulators responsible for getting Virginia Libertarian gubernatorial candidate Robert C. Sarvis on the ballot – a move that could split conservative votes in a tight race. Campaign fina...Read More