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The First Guess: A Modest Proposal About Arizona

(Bloomberg) -- China’s banking regulator set capital targets for the nation’s five biggest lenders above the minimum 11.5 percent ratio amid...

China must be vigilant against possible price fluctuations caused by rising costs that the U.S. faces to issuing debt, citing People's B...

Lessons from the Credit-Anstalt Collapse "Because we remember the Credit-Anstalt, we will not make that mistake," DeLong says. ...

MoM German PPI rose a less than expected 0.4% in March and rose 6.2% YoY. Sweden's central bank Wednesday raised its interest rat...

The Canadian Wheat Board said the start to the season is 10 days to three weeks behind schedule. YoY U.S. housing starts rose 549,000 in...

S&P put a “negative” outlook on the U.S. AAA credit rating, citing rising budget deficits and debt. The Dow Jones industrial futures sa...

Chinas reserve ratios will rise a half point from April 21, the People’s Bank of China said. Greenspan warns of US Debt Crisis and urg...

Shortage Threat Drives Texas Schools Hoarding Bullion at HSBC “If you own a paper contract where they can only deliver you 10 cents on the...

Next Update Sunday -- Skiing

Goldman Sachs Misled Congress After Duping Clients (Bloomberg)Senator Carl Levin, releasing the findings of a two-year inquiry, said he wan...

U.S. retail sales rose 0.4%, falling short of pre-report expectations of 0.5%. Investors were buying more silver than ever, underpinning ...

No update today

Lessons From a Meltdown But truly long term planning has never been a forte of our species. So the urgency of our energy needs combined wit...

(Bloomberg) -- All the soybeans in Iowa won’t be enough to meet the anticipated surge in China’s imports over the next four years as the nat...

The U.S. dollar is losing more ground on fears of  shutdown for the U.S. government. The two sides had agreed on everything but a $300 milli...

Worst Persons of the Day for April 7, 2011

Republicans are pushing legislation that would dramatically expand offshore drilling before mandating new safety requirements. The ECB ra...

Boehner: No deal yet on avoiding shutdown. Household saving rate at 9.1% in Austria. Australian employment at 4.9%. China has halte...

China raised rates to 6.31% from 6.06%. The ISM index decreased to 57.3 from 59.7 in February The Supreme Court opened the door to a ...

Chinese buyers stopped new orders of scrap steel from Japan and blocked some existing cargoes because of concern over radiation from a cri...

Atomic Moron George Monbiot Monbiot and his cult of technofascism either fail to understand the difference between radiation that is outs...

The U.S. unemployment rate fell to to 8.8% last month, the lowest level since March 2009. (AP) NASDAQ is teaming up with Intercontinental...

More than 61 feet of snow has fallen in the 400-mile-long Sierra Nevada mountain range this season, second only to the 1950-51 season when a...

Weather warning America's housing market is in the doldrums IF AMERICA'S housing market acts as a bellwether for its economy, then ...

Kill teams in Afghanistan: the truth

China may raise its five-year goal for solar power capacity to 10 gigawatts from 5 GW as its nuclear power development may slow, Xinhua said...

Living and Dying Downwind   The unleashed isotopes of concern from the damaged Japanese reactors - Iodine-131, Cesium-137, Strontium-90 and ...

All Japanese ports affected by the devastating earthquake and tsunami that hit the northeastern part of the country on March 11 have now r...

A surge in radioactive contamination reportedly was detected Saturday in seawater near Japan’s Fukushima Daiichi nuclear plant. Nuclear exp...

What They're Covering Up at Fukushima They say as you move away the radiation is reduced in inverse ratio to the square of the distan...

KO's Special Comment: Libya, Obama and the Five-Second Rule

China is hiking taxes on the mining of rare earth elements amid moves to mitigate environmental damage, control production levels and limit ...

Worst Texas Drought in 44 Years Eroding U.S. Wheat, Beef Supply “Each day we don’t get rain, our potential yield goes down,” Anderson said...

Global refined copper supply was in a deficit of 305 thousand tons in 2010, according to International Copper Study Group (ICSG). Rio Tint...

(Bloomberg) Goldman Sachs Group Inc. forecasts a global expansion of 4.8 percent this year, while JPMorgan calls for 4.4 percent. U.S. Fe...

The National Association of Realtors reported this morning that existing U.S. home sales fell 9.6% last month and prices dropped to the low...

Safe nuclear does exist, and China is leading the way with thorium China’s Academy of Sciences said it had chosen a “thorium-based molten ...

The megaquake connection: Are huge earthquakes linked? "If you have a quake of, let's say, 6.2 or larger, every sand grain on the p...

(Kurzweil) How an MP3 can be used to hack your car Hackers could gain access to a vehicle’s computer systems remotely, security experts fro...

The U.S PPI rose 1.6% MoM, the most since June 2009. The core measure, which excludes food and energy costs rose 0.2% New U.S. housing co...

Meltdown at Fukushima The boiling-water reactors at Fukushima — 40 years old and designed by General Electric — have spent fuel pools sever...

(FT) AIR, the first of a handful of specialist catastrophe modelling agencies to release its Japan estimate, predicting losses of anything f...

Monetary contraction by the EU has set off a fresh spasm of the Eurozone bond crisis U.S. first-time jobless claims rise by 26,000 Th...