Trusting in our new security state … Big data? No. Vast data, enormous data, unimaginably colossal data ties our world together. Some have said it also ties us down, since departments like the National Security Agency are combing through a part of our huge reservoir for intelligence on foreigners who might threaten the U.S. Yet this behavior is now the status quo, one that will not go away,...Read More
Twice As Many Turn Out at DC Tea Party Rally Than See Obama in Berlin … The Tea Party Patriots held their Audit The IRS Rally today on the West Lawn of the US Capitol. Speakers included: Sen. Rand Paul, Sen. Ted Cruz, Glenn Beck, Rep. Michele Bachmann, Jenny Beth Martin, Rep. Steve King, Rep. Dave Camp, Rep. Louie Gohmert, Rep. Jim Jordan, Rep. Tim Huelskamp, Dana Loesch, Jim Hoft, Niger Inn...Read More
Time to sober up as America and China remove punch bowl … The US Federal Reserve has refused to blink. The Chinese central bank has refused to blink. The authorities in the world's two biggest economies appear determined to strike a blow against moral hazard and clear the froth in asset markets, at least until this exhibition of virtue blows up in their faces. The term "Perfect Stor...Read More
Bernanke sets major challenges for his successor … Now comes the hard part. Fed Chairman Ben Bernanke's announcement that if the conditions are right he will wean the U.S. economy off quantitative easing within a year has already caused consternation in the stock market. Pumping money into the system by buying back government bonds at the rate of $85 billion a month has lately done littl...Read More
What Would You Ask Ben Bernanke If You Had the Chance? … So here's the picture: You're sitting in the psychiatrist's chair, legs crossed and notebook ready. Across from you is Ben Bernanke, the chairman of the Federal Reserve and probably the most influential person in the world when it comes to financial markets and the economy. Your mission is to find out what makes him tick, t...Read More
China Money Rates Retreat After PBOC Said to Inject Cash … China's benchmark money-market rates retreated from records after the central bank was said to have made funds available to lenders amid a cash squeeze. The one-day repurchase rate dropped 384 basis points, or 3.84 percentage points, to 7.90 percent as of 9:33 a.m. in Shanghai, according to a weighted average compiled by the Nati...Read More
Trusting in our new security state … Big data? No. Vast data, enormous data, unimaginably colossal data ties our world together. Some have said it also ties us down, since departments like the National Security Agency are combing through a part of our huge reservoir for intelligence on foreigners who might threaten the U.S. Yet this behavior is now the status quo, one that will not go away,...Read More
Twice As Many Turn Out at DC Tea Party Rally Than See Obama in Berlin … The Tea Party Patriots held their Audit The IRS Rally today on the West Lawn of the US Capitol. Speakers included: Sen. Rand Paul, Sen. Ted Cruz, Glenn Beck, Rep. Michele Bachmann, Jenny Beth Martin, Rep. Steve King, Rep. Dave Camp, Rep. Louie Gohmert, Rep. Jim Jordan, Rep. Tim Huelskamp, Dana Loesch, Jim Hoft, Niger Inn...Read More
No Taper Tipoff: Fed Keeps the Easing … The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman Ben Bernanke provided hints Wednesday that the days of extreme easing are coming to a close. At a news conference, the central bank chief said if the economy continues to improve the asset-purchasing program could start winding down towards...Read More
Comeback: Why the US Sits at the Brink of a New Boom … It's the best-kept secret in the economics media: The United States is on the brink of a period of solid, long-term growth rivaling that of the 1950s and 1960s. It is not a finance-driven, self-destructive boom, like the 2000s' housing bubble. No, the new economy will be durably grounded in energy and heavy manufacturing, even th...Read More
Sen. Marco Rubio on immigration bill: No 'parades' for me … Marco Rubio is defending his participation in the Gang of Eight's immigration bill efforts, saying he knows it won't win him any "parades" among conservatives, but it's necessary. – PoliticoDominant Social Theme: It is a difficult task but one that the Gang of Eight has tackled courageously.Free-M...Read More
Christine Lagarde's 'allegiance' letter to Nicolas Sarkozy: 'use me' … Christine Lagarde, one of the most powerful women in the world as head of the International Monetary Fund, is facing acute embarrassment after a letter in which she urged former French President Nicolas Sarkozy to "use me" was found during a police raid on her Paris flat. – UK Telegraph...Read More
Majority of Americans Don't Trust Newspapers and Television News … Only 23 percent of Americans have confidence in newspapers, according to Gallup. Majority of Americans Don't Trust Newspapers and Television News … According to a new Gallup poll, confidence in mass media continues to fall … Continuing a decades-long downward trend, fewer than one-fourth of Americans have...Read More
India sets up elaborate system to tap phone calls, e-mail … India has launched a wide-ranging surveillance program that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said. The expanded surveillance in the world's most populous democracy, which the government...Read More
No Taper Tipoff: Fed Keeps the Easing … The Federal Reserve will keep its version of the monetary printing press running a while longer, though Chairman Ben Bernanke provided hints Wednesday that the days of extreme easing are coming to a close. At a news conference, the central bank chief said if the economy continues to improve the asset-purchasing program could start winding down towards...Read More
Comeback: Why the US Sits at the Brink of a New Boom … It's the best-kept secret in the economics media: The United States is on the brink of a period of solid, long-term growth rivaling that of the 1950s and 1960s. It is not a finance-driven, self-destructive boom, like the 2000s' housing bubble. No, the new economy will be durably grounded in energy and heavy manufacturing, even th...Read More
Sen. Marco Rubio on immigration bill: No 'parades' for me … Marco Rubio is defending his participation in the Gang of Eight's immigration bill efforts, saying he knows it won't win him any "parades" among conservatives, but it's necessary. – PoliticoDominant Social Theme: It is a difficult task but one that the Gang of Eight has tackled courageously.Free-M...Read More
Christine Lagarde's 'allegiance' letter to Nicolas Sarkozy: 'use me' … Christine Lagarde, one of the most powerful women in the world as head of the International Monetary Fund, is facing acute embarrassment after a letter in which she urged former French President Nicolas Sarkozy to "use me" was found during a police raid on her Paris flat. – UK Telegraph...Read More
Majority of Americans Don't Trust Newspapers and Television News … Only 23 percent of Americans have confidence in newspapers, according to Gallup. Majority of Americans Don't Trust Newspapers and Television News … According to a new Gallup poll, confidence in mass media continues to fall … Continuing a decades-long downward trend, fewer than one-fourth of Americans have...Read More
India sets up elaborate system to tap phone calls, e-mail … India has launched a wide-ranging surveillance program that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said. The expanded surveillance in the world's most populous democracy, which the government...Read More