Archive for the 'Economy' Category
EUR/USD Gap Higher
June 18th, 2012And Crap Down into the 1.25s again. —End Update— High of 1.2727 so far.
Japan Restarting Two Nuclear Power Plants
June 18th, 2012Via: ABC News: Japanese Prime Minister Yoshihiko Noda ordered the restart of two idle nuclear reactors Saturday amid widespread public opposition, more than a year after a powerful earthquake and tsunami triggered three nuclear meltdowns at the Fukushima Dai-ichi Power Plant, and halted all 50 reactors in Japan. The decision to reactivate the Ohi reactors […]
‘New Democracy’ Pro Bailout Party Wins Greek Election
June 17th, 2012See the Greek Interior Ministry website for the latest election results. Update Via: BBC: With 40% of the vote counted, New Democracy has 30.45%, Syriza – 26.04%, Pasok – 12.85%. —End Update— Via: BBC Liveblog: Greece: Official Projection of Result: New Democracy – 29.5%, Syriza – 27.1%. That is from the Greek interior ministry, quoted […]
Living Large in a Tiny House
June 17th, 2012Via: Yahoo Finance: Imagine living in a space that measures a mere 168 square feet, more than 14 times smaller than the average American home. That’s the reality for one family of four who, for the past year, has been living in their “Tiny House” tucked away in the rural mountains of Virginia. It’s here, […]
Financial Firms Ready ‘Special Teams’
June 16th, 2012Via: New York Times: The banks are on high alert. Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. They are preparing for the worst case. The fear is that the vote will heighten the chances of Greece exiting the […]
Chinese Buy London Metal Exchange in £1.4bn Takeover
June 16th, 2012Via: Independent: One of Britain’s last great independent financial markets has agreed to sell itself to China. The 137-year-old London Metal Exchange has agreed a £1.4bn takeover from Hong Kong Exchanges and Clearing (HKEx) after a nine-month auction process which saw bids from InterContinental Exchange, CME Group and NYSE Nasdaq. The deal will mean massive […]
Saudi, Japan Deals Drive Record U.S. Arms Sales
June 16th, 2012Via: AFP: Boosted by massive fighter jet deals with Saudi Arabia and Japan, US foreign military sales have shot past $50 billion in a record-breaking year, a senior US official said Thursday. Andrew Shapiro, assistant secretary of state for political-military affairs, underlined that the United States also hopes to boost sales with India, which is […]
Several Pentagon Contractors Recruiting for Offensive Cyberwarfare Jobs
June 16th, 2012Via: Forbes: Over the past few months, Hypponen has been periodically visiting the “careers” section of defense contractors’ websites and online job listings, particularly those targeted at candidates with secret clearances, and searching for words like “exploit,” “offensive,” and “vulnerability.” And the positions he’s been seeing show a new recruiting focus–or newly explicit focus–among the […]
Moody’s Cuts 11 European Banks’ Ratings
June 15th, 2012Via: Reuters: Moody’s has cut the ratings of 11 European banks and said it would cut again if Greece ditched the euro, kicking off a long-awaited round of downgrades for major European institutions. Moody’s Investors Service said on Friday it had taken action against five Dutch banking groups, three French banks and one each from […]
Central Banks Locked and Loaded
June 15th, 2012Warning: This is not a recommendation to buy, sell or hold any financial instrument. People are emailing me about other sites that are going full freakout with advice to empty bank accounts and activate doomsteads, etc. and why am I not freaking out, running for the hills, etc. Ok, first of all, I “ran for […]
