GALLUP: AMERICANS' CONFIDENCE IN CONGRESS AT LOWEST LEVEL EVER … Nine in 10 Americans say they have no confidence in Congress, ranking it last on a list of 16 institutions for the fourth straight year, Gallup said Thursday. The 10 percent confidence level is the lowest level registered for any institution since Gallup began this poll in 1973, Gallup said. – UPIDominant Social Theme...Read More
U.S. Agencies Said to Swap Data With Thousands of Firms … U.S. Intel Swapping Info to Thousands of Companies Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive information and in return receiving benefits that include access to classified intelligence, four people familiar with the process said. – B...Read More
My creeping concern that the NSA leaker is not who he purports to be … I hate to do this but I feel obligated to share, as the story unfolds, my creeping concern that the NSA leaker is not who he purports to be, and that the motivations involved in the story may be more complex than they appear to be. This is in no way to detract from the great courage of Glenn Greenwald in reporting the sto...Read More
GALLUP: AMERICANS' CONFIDENCE IN CONGRESS AT LOWEST LEVEL EVER … Nine in 10 Americans say they have no confidence in Congress, ranking it last on a list of 16 institutions for the fourth straight year, Gallup said Thursday. The 10 percent confidence level is the lowest level registered for any institution since Gallup began this poll in 1973, Gallup said. – UPIDominant Social Theme...Read More
U.S. Agencies Said to Swap Data With Thousands of Firms … U.S. Intel Swapping Info to Thousands of Companies Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive information and in return receiving benefits that include access to classified intelligence, four people familiar with the process said. – B...Read More
This crisis has proved that capitalism works … The G8 protesters have little support – there's no public appetite to blame the free market … The bull market may be having a breather, but economies have proved remarkably resilient to the financial crisis … Demos are not what they used to be. Perhaps I shouldn't speak too soon, but so far the anti-G8 "Carnival ag...Read More
Shining the Light on a Culture of Tax Evasion … Tax evasion, particularly among the professional classes, has been an open secret in Greece for years. Such a foregone conclusion, in fact, that banks loaning to individuals find it necessary to estimate their clients' "true" incomes when determining how much money to lend them. Last year, in the midst of the country's financi...Read More
At 75, is Superman over the hill? … In 1938's first issue of "Action Comics," the world got its first glimpse of a superhero, and it was never the same again. Superman soon became an icon – not "just of truth, justice and the American way" – but a symbol of good for billions of people, through their childhood and beyond. Super-fans told CNN their stories o...Read More
Can you imagine life without the BBC? There's no escape from the BBC's influence – or the complacency that accompanies it … John Humphrys, the Today presenter, said life without the BBC would be 'unimaginable' … John Humphrys has invited Radio 4 listeners to imagine life without the BBC. They are to picture themselves sitting down to watch Countryfile or Holby Cit...Read More
Give Edward Snowden what he deserves … I depart America for two blissful weeks in Italy and return to find that my country has been transformed, rather rudely, into a totalitarian state on the order of Iran, possibly even North Korea. My telephone is directly plugged into something called PRISM. Big Brother hounds my email, even when I am only viewing the weather. Soon I shall be wearing a M...Read More
Markets suffer too much central bank attention … That restatement of Goodhart's Law is almost perfectly appropriate to today's financial markets. Bonds, stocks, currencies and commodities have all become treacherous terrain for investors. Charles Goodhart, a British economist, developed his law in 1975. He was worried about the central bank orthodoxy of the day, the belief that monet...Read More
This crisis has proved that capitalism works … The G8 protesters have little support – there's no public appetite to blame the free market … The bull market may be having a breather, but economies have proved remarkably resilient to the financial crisis … Demos are not what they used to be. Perhaps I shouldn't speak too soon, but so far the anti-G8 "Carnival ag...Read More
Shining the Light on a Culture of Tax Evasion … Tax evasion, particularly among the professional classes, has been an open secret in Greece for years. Such a foregone conclusion, in fact, that banks loaning to individuals find it necessary to estimate their clients' "true" incomes when determining how much money to lend them. Last year, in the midst of the country's financi...Read More
At 75, is Superman over the hill? … In 1938's first issue of "Action Comics," the world got its first glimpse of a superhero, and it was never the same again. Superman soon became an icon – not "just of truth, justice and the American way" – but a symbol of good for billions of people, through their childhood and beyond. Super-fans told CNN their stories o...Read More
Can you imagine life without the BBC? There's no escape from the BBC's influence – or the complacency that accompanies it … John Humphrys, the Today presenter, said life without the BBC would be 'unimaginable' … John Humphrys has invited Radio 4 listeners to imagine life without the BBC. They are to picture themselves sitting down to watch Countryfile or Holby Cit...Read More
Give Edward Snowden what he deserves … I depart America for two blissful weeks in Italy and return to find that my country has been transformed, rather rudely, into a totalitarian state on the order of Iran, possibly even North Korea. My telephone is directly plugged into something called PRISM. Big Brother hounds my email, even when I am only viewing the weather. Soon I shall be wearing a M...Read More
Markets suffer too much central bank attention … That restatement of Goodhart's Law is almost perfectly appropriate to today's financial markets. Bonds, stocks, currencies and commodities have all become treacherous terrain for investors. Charles Goodhart, a British economist, developed his law in 1975. He was worried about the central bank orthodoxy of the day, the belief that monet...Read More
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We buy and sell silver and gold at www.jhmint.com. Call (530) 273-8175 to order now!Sometimes, we run low on cash, because we just bought too much of one item. Now is such a time. We have excess gold bars, so the price is cheaper than normal.3% over spot. While supplies last.Typically, these bars are 5% to 6% over spot, and in tight markets, can be as high as 10% or more over spot.Jason Ho...Read More
The fact is markets had gone up too far and too fast … A number of different factors have combined to create the impression of a co-ordinated slide, but the causes of the various market wobbles are subtly different. The proximate trigger for the market slide was Ben Bernanke's appearance before a Congressional committee at which he hinted that the Fed's monetary largesse will not go...Read More