Sunday, March 31, 2013


  • The deaths of two men in Shanghai from a strain of bird flu have raised the specter of a new epidemic.

  • The head of Cyprus' influential Orthodox Church has dealt a hammer blow to the island's economic leaders by becoming the first major figure to call for their resignations.

  • Sergei Lavrov, Russia’s foreign minister has said about North Korea: “The situation could simply get out of control, it is slipping toward the spiral of a vicious cycle,”.

  • U.S. consumer confidence unexpectedly rose in March. Sentiment edged up to a four- month high of 78.6 in March from 77.6 in the previous month.
  • U.S. Existing home sales rose 0.8% to an annual rate of 4.98 million in February. The sales rate was the highest since November 2009
  • U.S. economy rose 0.4% in Q4

  • Japan's consumer prices fell 0.3% in February
  • Japan's unemployment rate rose to 4. 3% in February from 4.2% the previous month
  • Japan's retail sales accelerated their drop in February, falling 2.3% YoY after a 1.1% fall the previous month

  • Portugal's public debt reaches 123.6 % of GDP

  • Spain's economy to contract by 1.5 % in 2013

  • Climate change denying Chris Stewart (R-Utah) to head subcommittee on Climate Change.

  • (Telegraph) Japan has extracted natural "ice" gas from methane hydrates beneath the sea off its coasts in a technological coup, opening up a super-resource that could meet the country's gas needs for the next century and radically change the world's energy outlook.

  • U.S. Insider selling has risen to 6.3 sells for every buy - eight year high.

  • (Spiegel) As the euro crisis wears on, the tough austerity measures implemented in ailing member states are resulting in serious health issues, a study revealed. Mental illness, suicide rates and epidemics are on the rise, while access to care has dwindled.

  • (Spiegel) Twelve years ago, Portugal eliminated criminal penalties for drug users. Since then, those caught with small amounts of marijuana, cocaine or heroin go unindicted and possession is a misdemeanor on par with illegal parking. Experts are pleased with the results.

  • More than half of the rivers and streams in the United States are in poor biological health, unable to support healthy populations of aquatic insects and other creatures, according to a nationwide survey.

  • The US Food and Drug Administration approved a first-of-its-kind diabetes drug from Johnson & Johnson that uses a new method to lower blood sugar flushing it out in patients' urine.

Tuesday, March 19, 2013

Daylight robbery in Cyprus will come to haunt EMU One's first reflex is to gasp at the stupidity of the EU policy elites, but truth is that most EU officials handling the Cyprus crisis know perfectly well that their masters have just set the slow fuse on a powder keg – and they can only pray that it is slow.
Now check this out!          NOK

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

Sunday, March 03, 2013


  • The information deprived austerity lemmings from the U.S. Rep./Tea keep marching on - looking for cliffs to go over.

  • The Thomson-Reuters/University of Michigan consumer sentiment index rose to 77.6 from a preliminary reading of 76.3. The index is at its highest level since November.

  • Inflation in the 17-nation Eurozone fell to 2% in January this year, down from the 2.7% rate for the same month last year.
  • Eurozone jobless rate rose by 0.1 points to 11.9% in January
  • Spain's unemployment rate reached 26.2% in January

  • Macau's February gambling revenue rose 12% YoY
  • The Las Vegas Sands Corporation (NYSE:LVS) has disclosed that it probably broke a federal law that forbids businesses to bribe foreign government officials in a filing made with the Securities and Exchange Commission (SEC) on Friday.

  • The Institute for Supply Management's manufacturing index climbed 1.1 points to 54.2%, coming in ahead of the 52.5% forecast

  • UK's government bond rating cut to Aa1 from Aaa by Moody's

  • Lanworth is pegging the Argentine soy crop at 49.6m tonnes, 2.10m tonnes below its estimate two weeks ago.
  • USDA’s meaningless new crop prediction: Corn 13/14 ending stocks projected at 2.177 billion bushel, Beans 250 million bushels, wheat 639 million bushels.

  • The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.9% in January after jumping 2.4% in December. Tonnage has surged at least 2.4% every month since November, gaining a total of 9.1% over that period. 
  • Spiegel: I've been in prison for 20 years, but you will never win this war when there is so much money to me made. Never."