9/17/2009 Fox Business Peter Schiff discusses Gold prices and the inflationary pressures that are created by cheap, loose, easy credit by the unconstitutional Federal Reserve System.
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9/17/2009 Fox Business Peter Schiff... more
This is an interview with Morrison Bonpasse, President of the Single Global Currency Association. He calmly talks about the decline of the dollar and destruction of the United States in favor of a Global Currency and Global Government. Here's some highlights:
"di Stefano: What should replace the U.S. dollar?
Bonpasse: Very simply, a single global currency, managed by a Global Central Bank within a Global Monetary Union, should succeed the dollar.
di Stefano: How long might this process take?
Bonpasse: The goal of the Single Global Currency Association is a single global currency, managed by a Global Central Bank within a Global Monetary Union by 2024, which is now 15 years away.
However, the process needn't take that long. If the decision makers in the U.S. and EMU decided to merge the dollar and the euro into a monetary union, that could be accomplished in less than five years, and that merged currency, whatever its name, would become the single global currency."
The Global corporate elite are systematically destroying our country in order to establish a 1 World Government. They openly state it and laugh in our faces.
Meanwhile, Americans watch the big game, play RPGs and watch American Idol. Then they line up to get their kids injected with a Swine Flu shot only to watch them become autistic drones. Can't you see that they are bankrupting our country on purpose?http://www.ecommercetimes.com/rsstory/68541.html?wlc=1257280213
This is an... more
These websites can help you apply what you learn in class to real-world situations, from the stock market, to international business, to starting up your own company to social media marketing.
http://bravenewfilms.org/blog/?p=71903
The company has two luxury corporate jets. They dine on fine gold plated silver, all at the expense of denying life saving care to policyholders they sponge off of.http://bravenewfilms.org/blog/?p=71903
The company has two luxury corporate jets.... more
Stocks plunged Friday in the face of weak consumer data, erasing a powerful rally the day before and ending a pattern of monthly gains.
By the end of trading, the three major stock averages had more than given up the 2 percent gains they made on Thursday, when enthusiasm over economic growth data sent stocks surging.
The Dow Jones industrial average closed down 249.85 points, or 2.5 percent, to 9,712.73, according to preliminary calculations. The Standard and Poor’s 500-stock index was off 29.93 points, or 2.81 percent, to 1,036.18, and the Nasdaq composite showed a decline of 52.44 points, or 2.50 percent, to 2,045.11.
The drops were led by stocks in banks and financial firms, which investors abandoned in light of a Commerce Department report that showed consumers were still in distress. Consumer spending in September dropped by the largest amount in nine months, the report said, a dreary data point that met Wall Street expectations but reinforced the slow, halting recovery of the United States economy.
...More...http://www.nytimes.com/2009/10/31/business/31markets.html?hp&emc=na
Stocks plunged... more
SAN FRANCISCO (Reuters) - Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.
Sales of Mac computers -- the largest single contributor to Apple's revenue -- jumped 17 percent from a year earlier to 3.05 million in the September quarter, above analysts' average estimate of about 2.8 million.
Sales of iPhones rose 7 percent to 7.4 million, just shy of Wall Street expectations of 7.5 million units. The company said it had a tough time making enough iPhones to meet demand.
"These are huge numbers tonight. Apple is probably the best growth story in tech, maybe one of the best growth stocks in the market. I bet this stock can go to $250 in six to nine months," said Jane Snorek, analyst at First American Funds.
"Usually Christmas and back-to-school are correlated and Apple usually has a gigantic Christmas quarter. This makes me think Apple will have a great Christmas.
Shares of Apple jumped 7.5 percent to above $204 in extended trading. It had closed at $189.86 on Nasdaq. The stock's record intraday high was $202.96 on December 27, 2007.
...More...SAN FRANCISCO (Reuters) - Apple Inc's profits and sales streaked past Wall Street... more
The stock market isn't necessarily something many people want to be thinking about at the moment, but this little arty application might take the edge off of those margin calls.
Created by media student James Grant, this orbiting system is a visual feast that might prove useful in the future. As mentioned on the website Flowing Data, the Stock Ticker Orbital Comparison (or "STOC") might make a good prop "in the background in some futuristic stock market movie," as its immediate use is very limited. Grant gives a disclaimer on his site that the downloadable application should not be used for any kind of trading as it's not in real time (it can lag real trading values by 20 minutes and it can lock up all together) and it hasn't been tested in a trading environment.
So, it's more of a design project, but it's not too hard to see how this might be of practical use. As you watch the dots flying around -- much like the stars orbiting a galactic nucleus, but I'll ignore the impossible mix of orbital speeds and prograde/retrograde orbital chaos -- you get a great overall view of the companies in the Standard & Poor's 500.
I think the usefulness would increase if the most active stocks (the ones that are being traded the most) drift closer to the core (thus spinning around faster) and if all the stocks orbited in the same direction. Other than that, it's certainly fun to play around with even if, like me, you can't tell the difference between a bull and a bear.
You can download a beta version from Uniform Chaos and get involved in the development of the program:
From the Lovington Leader by John Graham--Cap and trade legislation may be one of the biggest issues facing the oil and gas industry according to Dr. Daniel Fine, Associate of Policy, Strategy and Development at New Mexico Tech. He also serves on the New Mexico Center for Energy Policy which is hosting the presentation by former Shell Oil executive, John Hofmeister tonight.
“What is the purpose to cap and trade?” asks Fine. “Is the purpose to raise revenue? Is the purpose to lower CO2? Or both?” The bill (Waxman-Markey) coming out of the U.S. House of Representatives claims both purposes without a clear policy declaration.
The bill is now in the hands of the U.S. Senate.From the Lovington Leader by John Graham--Cap and trade legislation may be one of the... more
W.H. Graham for the Lovington Leader--Hobbs--Hard to believe. A veteran oil company executive who once headed a globe-girdling oil company is
Van Romero and John Hofmeister
Dr. Van Romero of New Mexico Tech, left, led an interactive question and comment session following the formal address of John Hofmeister, right.
calling for a new regulatory agency, the Federal Energy Resources Board - - FERB if you please.
But wait, there is method in his madness. For this new over-arching regulatory giant he would trade oversight authority of 26 legislative committees and 13 government agencies that have regulatory power over the U.S. energy business.
The byzantine regulatory complex would thus be reduced to one authority instead of the 39 that oil and gas producers, refiners, and marketers now face. Maybe he has something there.W.H. Graham for the Lovington Leader--Hobbs--Hard to believe. A veteran oil company... more
The nation is facing an energy crisis where rolling blackouts, gas hoarding and high energy prices will become everyday occurrences.
That was the message Tuesday from former Shell Oil Co. President John Hofmeister during a one-hour talk titled “Affordable Energy in the 21st Century: Enablers and Disablers” at Tydings Auditorium.
Hofmeister visited Hobbs through a joint project by New Mexico Tech’s Center for Energy Policy at New Mexico Junior College and the E c o n o m i c D e v e l o p m e n t Corporation of Lea County.
Hofmeister focused on the pitfalls that will lead up to what he calls the “Age of Energy Abyss” and what he believes could prevent it from happening within 10 years.The nation is facing an energy crisis where rolling blackouts, gas hoarding and high... more
Since taking office as the President of the United States, President Obama has encountered crisis after crisis. His next major crisis will be oil prices.Since taking office as the President of the United States, President Obama has... more
SEC Hires 29-Year-Old Ex-Goldman Sachs Exec For Key Role
For those who've lamented the various links between Goldman Sachs and the financial regulatory system, this certainly isn't good news.
Bloomberg reports that the Securities Exchange Commission has named Adam Storch, a former Goldman exec, as its enforcement division's first chief operating officer. Storch is actually just 29 years old and previously worked in Goldman's business intelligence unit.
Here's Bloomberg:
"The COO, who started Oct. 13, has "a great deal of background" in technology and managing processes and the pace of work, Robert Khuzami, head of enforcement, said yesterday in Washington. Storch, who worked since 2004 in a unit at Goldman Sachs that reviewed contracts and transactions for signs of fraud, will be charged with making the unit more efficient. Storch, reached by telephone at the SEC, declined to comment."
According to what appears to be his LinkedIn profile, Storch spent his undergraduate years at the State University Of New York At Buffalo, and earned an MBA from New York University's Stern School Of Business. Other experience -- besides Goldman -- includes working as a Senior Analyst at Deloitte and Touche.
The Business Insider grabbed a picture of Storch, who they write, "seems to be a big fan of Bill Clinton. At Stern, he created a website asking people to vote for Bill Clinton in the 2008 election. 'Don't stand for the 22nd Amendment!' the website implores." (Check out their screen shot of Storch's site here.)
The Dow Jones industrial average has reclaimed 10,000 for the first time in a year.
The Dow closed above five figures Wednesday, seven months after it hit a 12-year low of 6,547.05 on March 9. The comeback by the stock market’s best-known indicator is the most visible sign yet that investors believe the economy is indeed recovering from the financial crisis and recession.
Cheering erupted from traders on the floor of the New York Stock Exchange as stocks briefly moved above the psychological barrier. The Dow at times fell back below 10,000 in the normal ebb and flow of trading.
The Dow is now up 53 percent from its March low. But it remains 29 percent below its peak of 14,164.53 hit in October 2007.
The index first finished above 10,000 on March 29, 1999, in the midst of a powerful rally that ended with the dot-com bust at the start of this decade. Stocks then fell below that mark last October as investors sold stocks in a feverish panic following the downfall of Lehman Brothers.
The latest round of earnings reports, which will continue to pour in over the next few weeks, are the key to keeping the market’s rally alive, analysts say. If earnings fall short of expectations, stocks could stumble.The Dow Jones industrial average has reclaimed 10,000 for the first time in a year.... more
Health insurance stocks took a dive Tuesday, with the S&P Health Care Sector index becoming the worst-performing segment of the S&P 500, largely because of health insurance companies.
That followed a public declaration of war by the health insurance industry's lobbying arm against the White House's health care reform efforts.Health insurance stocks took a dive Tuesday, with the S&P Health Care Sector index... more
Convicted Ponzi king Bernard Madoff was involved in a prison-yard fight with a fellow prisoner over the state of the stock market.
Eyewitnesses say Madoff, 71, got into a heated argument with another elder inmate about the financial markets before the disagreement turned physical.
Madoff, who is serving 150 years for the world’s biggest investment fraud, got shoved by the other inmate in the altercation. But Madoff shoved back even harder with both hands causing his attacker to stumble and lose his footing, according to the New York Post.
The stunned attacker then retreated, the report said.
Madoff is serving his sentence at a prison in North Carolina and was fortunate prison guards did not see the incident that was witnessed by 20 inmates. The dispute could have landed Madoff in solitary confinement.
But it appears the pair have made up. The following day, the two were seen chatting quietly together.Convicted Ponzi king Bernard Madoff was involved in a prison-yard fight with a fellow... more
One investment strategy by Citigroup defines equity earnings in the global market as targeting the plutonic class which resides in the U.S., U.K. and Canada. Plutocracy is rule by the wealthy or power provided by wealth.
They consider Europe (ex-Italy) and Japan as egalitarian, meaning that all people should be treated as equals and have the same political, economic, social, and civil rights or as a social philosophy advocating the removal of economic inequalities among people.
Did we ever really disjoin ourselves from British rule? Or did the ruling class we left over 200 years ago follow us just to have freer reign in the land of the free and home of the brave?One investment strategy by Citigroup defines equity earnings in the global market as... more
The Great Recession has turned into the best of times for young investor Daniel Lee.
Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved expensive meals and vacation plans and threw "every spare dollar" into the stock market. The value of his portfolio has more than tripled as the market has rallied since March.
"This is like buying a swim suit in the fall or a winter jacket in the spring," he says. "Get in while it's a good deal."
Halfway across the country in Detroit, retiree Irvin Hall, 70, is living through the recession in a different way.
His mutual funds fell 35 percent during the stock market plunge that started last fall and continued for six months, and his monthly pension from General Motors dropped by 10 percent. He and his wife pay more for health care and medicine after the company reduced his insurance benefits.
"It takes your mind a while to really adjust to this," he says. "You're expecting, hey, I'm set for life, and then all of a sudden that's taken away."
The plight of baby boomers and retirees has been well-documented in the year after the financial meltdown. But for people in their 20s and 30s who have a good job and feel it's secure, this is the best of times. Many were renters and had little or no money in the stock market. They didn't take a six-figure hit to the value of a home or 401(k) account. Now they're positioned to invest at prices no one would have believed during the boom years.
Home prices are down 30 percent, on average, and 50 percent or more in some markets. The Standard & Poor's 500 stock index is nearly 34 percent below its record high in October 2007.
Young people are benefiting in other ways, too. The Cash for Clunkers program allowed them to trade in beaten-up used cars and buy new ones at a discount. "They're never going to see that again," says John Rogin, who owns a Buick dealership in Livonia, Mich.
The Consumer Price Index has recorded a rare drop over the past 12 months — 1.5 percent. And the decline for many goods and services has been much greater, allowing young people to put even more money into stocks and housing.The Great Recession has turned into the best of times for young investor Daniel Lee.... more
In the last two decades, more than a million families around the country have invested in state funds that pledged to cover the cost of attending their state’s public colleges and universities, regardless of how much tuition increased.
But in the last year, the stock market slump and rising college costs have combined to drive all but two of the nation’s 18 such funds, known as prepaid college savings plans, into the red, jeopardizing those pledges.
Even with stock market gains since March, the losses have forced some programs, like Pennsylvania’s and Washington’s, to impose new and higher fees that could amount to thousands of dollars a year in additional costs to parents.
Others, like South Carolina’s, have developed doomsday scenarios, capping how much a family would get if the program shut down completely. West Virginia had to pump $8 million into its prepaid program to help restore its financial health because its fund lost 25 percent of its value in the last year. And Alabama closed its program to new enrollees because the fund lost almost half of its assets — more than $300 million — in the stock market in the last year, and the state might have to put its own money in to keep it solvent.
“I think ultimately more and more of these plans are going to close down to new investments,” said Mark Kantrowitz, the founder and publisher of FinAid.org, a financial aid Web site.
...More...In the last two decades, more than a million families around the country have invested... more
Four high-level executives at Staples got nearly $6 million from the sale of company stock this month as the company's shares hovered near their highest level of the year.
(Edelman, A., 2009, September 30, par.1)
Ben Silverman, director of research at InsiderScore.com, a Web site that tracks and rates insider transactions, said the large sales make a "strong argument for a valuation call having been made" by the insiders. Of particular note, Mr. Silverman said, was the sale by Operating Chief Michael Miles of 150,000 shares at $23.29 on Sept. 21. On Tuesday, Staples shares rose two cents to $23.26 in 4 p.m. trading on the Nasdaq Stock Market. The stock sales, which were Mr. Miles's first since he joined the company in 2003, are "a red flag," Mr. Silverman said.
(Edelman, A., 2009, September 30, par.2-4)
A week before Mr. Miles's sale, Joseph Doody, Staples's North American delivery unit president, sold 150,000 shares at $22.89. Mr. Doody acquired the shares by exercising options on 75,000 shares at $10.63 and 75,000 shares at $13.33, and got net proceeds of $1.64 million. Demos Parneros, U.S. retail unit president, sold 18,000 shares at $22.75 on Sept. 10, and General Counsel Kristin Campbell sold nearly 28,900 shares at $23 on Sept. 18.
(Edelman, A., 2009, September 30, par.6-7)
The purchase and sale of company stock by top company officials have long been regarded as indicators of future stock-price movements, but Mr. Silverman said the decision by the well-regarded Staples executives to sell stock is a particularly troubling sign.
(Edelman, A., 2009, September 30, par.8)
[more at the link....]Four high-level executives at Staples got nearly $6 million from the sale of company... more
NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, finding momentum after a choppy morning, with the Dow, S&P 500 and Nasdaq all pushing toward fresh one-year highs.
The Dow Jones industrial average (INDU) rose 51 points, or 0.5%, according to early tallies, ending at the highest point since Oct. 6, 2008. The S&P 500 (SPX) index added 7 points or 0.7%, ending at the highest point since Oct. 3, 2008.
The Nasdaq composite (COMP) gained 8 points or 0.4%, ending at its highest point since Sept. 26, 2008.
Stocks have carved out fresh nearly one-year highs repeatedly over the past two weeks, with the Nasdaq ending Monday's session at its highest level since shortly after the collapse of Lehman Brothers.NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, finding momentum after a choppy... more
