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
When it comes to commodity stocks, there is perhaps no name more prolific than BHP Billiton Ltd (BHP). The Australian-based natural resource giant has operations across the world and has its hands in everything from iron ore and natural gas to aluminum and diamond mining. And while the company's over 150-year history is certainly a testament to its success, BHP Billiton has recently fallen out of...Read More
Silver has declined from nearly $50/oz. two years ago to under $20/oz. today.Clearly, the bull market in silver and gold is over, and silver is headed back to five dollars per ounce, and for good reasons.Obviously, Obama's wise economic policies are finally beginning to cause the economy to bloom, with balanced budgets on the horizon that the government has just not yet told us about, but the sil...Read More
OUT JULY 9th ON BEATPORT, JB Hi-Fi NOW, SPOTIFY, iTUNES, & DANCE-TUNES.Subscribe to Definition of Sounds: http://bit.ly/DefOfSoundsFacebook: http://facebook.com/DefinitionofSoundsTwitter: http://twitter.com/DefofSoundsJoin Paul Covi on Facebook: https://www.facebook.com/Paul.CoviFollow Paul Covi on Twitter: https://twitter.com/Paul_CoviRead More
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The demand for oil has slumped in recent months and prices has fallen again amid fears that a second wave of COVID-19 could once again halt economic activity. With oil moving higher in recent weeks, some producers had begun to open the taps, which could send prices even lower. Energy companies are already dealing with significant oil supplies and hardly any demand, even as economies re-open. Rick...Read More