Sunday, September 22, 2013

QUICK OVERVIEW

  • Obama urged Republican/Tea to stop political brinkmanship on gov't funding and debt limit in order to avert self-inflicted wounds to economy.

  • The Dow and S&P 500 set record highs on Fed's "no taper" decision.

  • MoM existing U.S. Home Sales Beat Expectations rising 1.7% September

  • US Philly Fed business index 22.3vs 10.0 exp

  • (Reuters) - China could import 20-30 million tonnes of corn a year to cover growing supply shortages, a researcher with a government think tank said on Thursday, as much as four times current levels.

  • (Bloomberg) Global cocoa demand will outstrip supply by 209,000 metric tons in the season ending Sept. 30, estimates KnowledgeCharts, a unit of Commodities Risk Analysis in Bethlehem, Pennsylvania. That is bigger than the 52,000-ton deficit forecast by the International Cocoa Organization in London. The shortage next season will amount to 188,000 tons.

  • 27% of Americans say now is a good time to find a quality job, up from 21 % in August. The figure is the highest since January 2008. At the same time, lower-income Americans' optimism has faded; with 19% saying now is a good time to find a quality job.


  • The US National Security Agency (NSA) has posted an ad for a "Civil Liberties & Privacy Officer".

  • The Environmental Protection Agency (EPA) proposed limits on carbon pollution from new fossil fuel (coal) power plants. The move, if successful, would be the first major step by the U.S. to limit greenhouse gas emissions from this sector.

  • The Czech Republic became the latest EU member to denounce subsidies for clean but costly renewable energy and pledged to double down on its use of fossil fuels.

  • Results from a referendum in the southern Swiss canton of Ticino showed that 65% of the electorate backed a proposal to forbid the covering of faces in public areas by any group.

  • The Sunday Assembly—the London-based “Atheist Church” grew at 3,000% since January, a rate that might make this non-religious Assembly the fastest growing church in the world”.

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