Tuesday, November 22, 2011

Quick Overview

  • Poll: Fox News Viewers Are Less Informed Than Those Watching No News.

  • Why has no one at MF Global nor Corzine been charged by powers that be with any crime? More than $1.2 billion of customers' funds have so far gone missing from “supposedly” segregated accounts.
  • And this about the CME’s position transfer: They didn't seem to understand what short/long option value means and how you net them out. We couldn't believe it," said one senior executive with a major futures commission merchant. "Criticism is starting to surface of the CME leaders. It's really hurting the credibility of the exchange."
  • Reuters: JP Morgan to buy $MF Global stake in LME (Where is Glass Steagall?)

  • U.S. Q3  GDP growth cut to 2.0% from 2.5%

  • In October, U.S.  employers took 1,353 mass layoff actions involving 118,689 workers. Mass layoff events decreased by 142 from September, and associated initial claims decreased by 34,540


  • The supercommittee appears ready to throw in the towel on getting debt-deal done.


  • Spain’s private Banco de Valencia, bank #3, is taken over by the state because of RE problems.
  • Spain’s unemployment rate is 22.6% and 46% for youth.


  • The National Association of Realtors on Monday said sales rose 1.4% to a seasonally adjusted annual rate of 4.97 million from 4.9 million in September.


  • (NZH) Steven J. Baum P.C., a foreclosure law firm that was criticized for a Halloween party that mocked the homeless and people in danger of losing their homes says it will lay off at least one-third of its employees.


  • (Bloomberg) Dismissed as a “nobody” by Japan's nuclear industry, seismologist Katsuhiko Ishibashi spent two decades watching his predictions of disaster come true: First in the 1995 Kobe earthquake and then at Fukushima. He says the government still doesn’t get it.


  • Egypt’s death toll reaches 35 on third day of violent protest crackdown.


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