Archive for October, 2009
TD Bank Says U.S. Account Processing Is Delayed
October 2nd, 2009Via: Bloomberg: Toronto-Dominion Bank, Canada’s second-biggest bank by assets, said technical glitches delayed the processing of bank transactions at some U.S. branches today. Toronto-Dominion converted some of its branches in the U.S. from Commerce Bancorp Inc. to its TD Bank brand over the weekend, spokesman Nick Petter said. The Toronto-based bank acquired Commerce in March […]
Is the U.S. Economy Headed for a “Sudden Stop” Event?
October 2nd, 2009Must read. (Full text below.) Via: Reuters: October 2nd, 2009 Why gold if deflation is the threat? Posted by: Rolfe Winkler Alice Schroeder wrote a great column for Bloomberg yesterday that I’m just getting to. The best stuff comes at the end, where she describes why some people are buying gold even though inflation doesn’t […]
Back to Bonds; Yields Tank
October 2nd, 2009Via: Los Angeles Times: Money is pouring into Treasury bonds today, driving yields sharply lower as investors start the fourth quarter with another rush into what they perceive to be safe. The yield on the 10-year T-note plummeted to 3.20% by about 12:20 p.m. PDT, down from 3.30% on Wednesday and the lowest since May. […]
Dutch Bank DSB Denies Problems After Head of a Mortgage Foundation Tells Customers to Pull Funds ASAP; Bank’s Site Down, Alledgedly Due to Hackers
October 2nd, 2009Via: Reuters: Dutch bank DSB dismissed calls from a mortgage foundation on Thursday for customers to withdraw their money and denied there was a run on the bank. “There are no mass numbers of people taking away their money,” DSB spokesman Klaas Wilting said following remarks by Pieter Lakeman, chairman of the Stichting Hypotheekleed, in […]
Just Get Your Damn Vaccine
October 1st, 2009U.S. Senate OKs One Month Emergency Extension of Federal Government Funding Levels
October 1st, 2009Via: Dow Jones: Facing a midnight deadline, the U.S. Senate Wednesday approved an emergency one-month extension of current funding levels for the federal government. The extension is necessary because lawmakers have been unable to complete work on the 12-must pass spending bills required to keep the various arms of the federal government running each year. […]
Portable, Pentagon Pain Weapon May End Up in Police Hands
October 1st, 2009Via: New Scientist: THE Pentagon’s efforts to develop a beam weapon that can deter an adversary by causing a burning sensation on their skin has taken a step forward with the development of a small, potentially hand-held, version. The weapon, which is claimed to cause no permanent harm, could also end up being used by […]
G.M. to Close Down Saturn Division
October 1st, 2009Via: New York Times: General Motors said Wednesday that it would shut down its Saturn division by next year after Roger Penske abruptly cut off talks to acquire the brand. The Penske Automotive Group said it could not proceed with the deal because another auto manufacturer, which it did not identify, said it would not […]
Fred Tries to Wake the Sheep
October 1st, 2009HA
