Sunday, March 17, 2013


  • (The Verge) Cody Wilson, who heads 3D printed firearms group Defense Distributed, has apparently received a federal firearms license officially allowing him to manufacture or sell the group's guns.

  • Europe braced for renewed turmoil with outrage in Cyprus over an unprecedented levy on bank deposits. Depositors in Cypriot banks will be hit with a one-off tax on their savings, marking the first bailout for any eurozone country in which depositors will directly lose money. Holders of bank accounts with more than 100,000 euros will be taxed at 9.9 percent, and an additional 6.75 percent levy will be imposed on deposits below that level, raising an expected 5.8 billion euros for the Mediterranean island. And in the process risking a bank run!

  • U.S. consumer confidence unexpectedly fell to a 15-month low in March. The preliminary reading of the consumer sentiment,edged down to 71. 8 in March from 77.6 MoM.
  • U.S. nonfarm payroll grew by 236,000 in February, and unemployment rate edged down 0.2% to 7.7%

  • (Bloomberg) Chinese anger over pollution becomes main cause of social unrest.

  • Swiss voters have backed an initiative to give shareholders of Swiss listed companies a binding say on executive pay

  • QCOM raised its quarterly dividend by 40% to 35 cents a share

  • 46% of Americans believe in creationism.

  • (Bloomberg) More than 4,700 workers at the Hanford reservation in Washington State where six tanks are leaking radioactive waste are facing furloughs or layoffs under $171 million in U.S. budget cuts, the Energy Department said.

  • New research suggests that average global temperatures were higher in the last decade than over most of the previous 11,300 years

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