Are Some Ron Paul Supporters Going Rogue?
May 17, 2012
Lew Rockwell points to a column appearing in the Christian Science Monitor that says: Are some Ron Paul supporters going rogue and confronting the Republican Party in a manner of which... Read more »
Gold Welcomes Its New CTRL+Ping Overlords
May 17, 2012
After days and weeks and months of pounding, gold reacted like a stung dog, soaring over $20 upon the realization that following the Philly Fed confirmation that the “recovery”... Read more »
Philly Fed Plunges, First Contraction Since September 2011
May 17, 2012
Remember the surge in the Empire Fed which was the straw so desperately clutched by all those who still held on to hope the US economy was still kinda sorta growing? Oops. The May Philly... Read more »
Consumer Blinks as “Consumer Comfort” Collapses Most In 4 Years
May 17, 2012
We have seen three very loud and very clear messages this week on the state of the US consumer’s mind. After a few months of extravagance, on the back of what can only be described... Read more »
Can You Qualify for a Job as an Asteroid Miner Robot Builder?
May 17, 2012
Planetary Resources was founded by private spaceflight pioneers Peter Diamandis and Eric Anderson. Its investors include Google execs Larry Page and Eric Schmidt, who are worth $16.7... Read more »
Photo-sharing social network Pinterest valued at $1.5 billion
May 17, 2012
Move over, Facebook. Pinterest, the social site that lets people “pin” pictures and content to create collections of interest, has become the latest company to be valued... Read more »
Greek Lights Out… Literally
May 17, 2012
One for the “You can’t make this stuff up” folder. From Art Cashin: Ya Can’t Make This Stuff Up - An interesting example of the problems in Greece may be seen in... Read more »
Colorado Republican rep. apologizes after saying Obama ‘not an American’
May 17, 2012
A Republican member of the U.S. House of Representatives from Colorado insisted he misspoke on Wednesday after telling supporters that he wasn’t sure where President Barack Obama... Read more »
Schumer Introduces Ex-PATRIOT Act: Will Banish Those Who Renounce US Citizenship
May 17, 2012
What comes after Banana Republic? Because America is it – after last week Facebook co-founder, and native Brazilian, Eduardo Saverin announced he would denounce his US citizenship,... Read more »
Fear & Panic are the Banking Cartel’s Weapons V. the Gold & Silver Bull. Patience and Logic are the Best Defense.
May 17, 2012
Currently, there is massive negativity surrounding gold and silver and in particular, gold and silver mining stocks. At times like this, when gold and silver have taken a fairly brutal... Read more »
Are You in the Koch Brothers Database?
May 17, 2012
From Reuters: In 2008, Catalist helped the left win the technology battle. The database allowed unions and the Obama campaign to manage volunteers without stepping on each other’s... Read more »
Gold Demands Trend (Q1 2012) – Enter The Dragon
May 17, 2012
From GoldCore Gold Demands Trend (Q1 2012) – Enter The Dragon Gold’s London AM fix this morning was USD 1,547.00, EUR 1,217. (Read more…)44, and GBP 974.00 per ounce. Yesterday’s... Read more »
Japan bank freezes Iran accounts after court order
May 17, 2012
A Japanese bank has halted transactions by the Iranian government after a US court ordered a $2.6 billion asset freeze over the 1983 bombing of US barracks in Beirut, a bank spokesman... Read more »
Report: Japanese Pension Fund Buying Gold
May 17, 2012
This is coming from, of all people, gold-hater Nouriel Roubini in a tweet: Reports a Japanese pension fund is buying gold to escape sov risk go against trend of USD beating gold as... Read more »
Daily US Opening News And Market Re-Cap: May 17
May 17, 2012
From RanSquawk Spain sells to the top of the indicative range in medium-term maturity bonds, yields sharply higher on all three lines. Moody’s are to cut Spanish bank’s debt ratings... Read more »
Greece’s Neo-Nazi Golden Dawn
May 17, 2012
Photo: Ggia (CC) After austerity follows fascism. Neni Panourgia writes on Al Jazeera English: By now, nearly everybody has been exposed to the phenomenon of Golden Dawn (Chrysi Avgi... Read more »
Frontrunning: May 17
May 17, 2012
As ZH warned last week, JPMorgan’s Trading Loss Is Said to Rise at Least 50% (NYT) Spanish recession bites, may be prolonged (Reuters) SEC Probes Role of Hedge Fund in CDOs ... Read more »
Spanish queen cancels jubilee trip to London
May 17, 2012
Spain’s Queen Sofia has cancelled a trip to London on Friday to attend Queen Elizabeth II’s Diamond Jubilee celebration lunch due to tensions with Britain over the disputed... Read more »
Growth figures show Japan on recovery track
May 17, 2012
Japan’s economy grew by a faster-than-expected 1.0 percent in the three months to March, official figures showed Thursday, as rising domestic demand and a boost in exports kept... Read more »
Spain falls back into recession: official data
May 17, 2012
Spain fell into recession in the first quarter of 2012 with a decline of 0.3 percent in gross domestic product (GDP), the same rate of contraction recorded late last year, official... Read more »
Three members of Aussie kids’ group ‘The Wiggles’ to retire
May 17, 2012
Global children’s phenomenon The Wiggles announced the end of an era on Thursday, with three of the quartet to retire from performing and a woman to don the turtleneck for the... Read more »
Moody’s Warns Spain It Will Downgrade “More Than 21″ Spanish Banks – Expansion
May 17, 2012
It was such a promising morning for Spain which sold some €2.5 billion in 2015 and 2016 bonds earlier in yet another meaningless and symbolic LTRO-covered exercise, when things went... Read more »
Mladic war crimes trial suspended ‘indefinitely’
May 17, 2012
The Yugoslav war crimes court on Thursday adjourned the trial of former Bosnian Serb army commander Ratko Mladic, just a day after it opened, because of “irregularities”... Read more »
Limbless Frenchman swims from New Guinea to Indonesia
May 17, 2012
A Frenchman who lost his limbs in an accident braved strong winds and currents to swim from Papua New Guinea to Indonesia Thursday, in the first stretch of a mission to swim between... Read more »
White births in U.S. no longer in majority: census
May 17, 2012
White births in the United States are no longer in the majority, according to US Census Bureau data made public Thursday. Minorities — Hispanics, blacks and Asians and other mixed... Read more »