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To: elmatador who wrote (89321)4/22/2012 12:51:49 PM
From: Haim R. Branisteanu
2 Recommendations   of 107281
 
I am kind of tired of the rumors and analysis of all kind of interested parties manipulators and speculators.

Today the whole financial markets is a big casino and almost nothing moves in a reasonable measured way based on underlying fundamentals. It is all just tossing a coin in the wind or moving with the irrational crowd.

As an example a few months back gold was worth $2000 or thereabout, now around 20% less what has changed? Oh well gold was not supposed to get to such high valuations in the first place.

Plenty of similar examples exist

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To: bart13 who wrote (89329)4/22/2012 1:52:37 PM
From: bart13
3 Recommendations   of 107281
 
The truly gigantic item that affects the bogus CPI data from the BLS, and that almost no one has either recognized or discussed. ANYONE who thinks the CPI is even vaguely correct is living somewhere other than reality.

Perhaps the BLS should start adding in all the corporations that are people... ;-)

And yes, the chart shows that the lies in CPI did not start in 1982, but rather at least as early as 1968 or so.





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To: bart13 who wrote (89333)4/22/2012 1:55:50 PM
From: Haim R. Branisteanu
   of 107281
 
Geithner screams print print to the EU but the US refuses to add funds to the IMF

DJ USA und Europa beharken sich über Krisenpolitik
22-Apr-2012
FRANKFURT/WASHINGTON (Dow Jones)--US-Amerikaner und Europäer beharken sich darüber, welche Politik die richtige ist, um der Schuldenkrise Herr zu werden. Bei der Frühjahrstagung des Internationalen Währungsfonds (IWF) am Wochenende lehnten die USA einen eigenen Beitrag zu Erhöhung der IWF-Krisenmittel ab und forderten statt dessen die Europäer auf, mehr gegen die Krise zu tun. Aber die keilten zurück.
US-Finanzminister Timothy Geithner sagte, die Eurozone brauche stärkere Maßnahmen von Regierungen und EZB, um eine mögliche Verschärfung der Krise zu verhindern. "Der Erfolg in der nächsten Phase der Krisenbekämpfung wird von Europas Bereitschaft und Fähigkeit abhängen, gemeinsam mit der Europäischen Zentralbank seine Instrumente und Prozesse kreativ, flexibel und aggressiv zu nutzen, um die Staaten bei der Umsetzung ihrer Reformen zu unterstützen", sagte Geithner im IWF-Lenkungsausschuss.
Was Geithner meint, ist: Die Europäer gefährden mit ihrer Finanzkrise die Weltwirtschaft, sie sollen bitte über ihren eigenen Schatten springen und ihre Probleme so entschlossen angehen, wir wie das in der Finanzkrise getan haben. Die US-Notenbank hat ihre Bilanz im Rahmen geldpolitisch motivierter Wertpapierkäufe weit deutlicher ausgedehnt als die EZB und so quasi für Nullzinsen gesorgt. Sie ist inzwischen der wichtigste Abnehmer von US-Staatsanleihen, während die EZB mehr oder weniger verschämt geringe Mengen Staatsanleihen gekauft hat und das entsprechende Programm derzeit ruhen lässt.
Vor allem EZB-Offizielle jedoch machten in Washington deutlich, dass sie die EZB aus ihrer Sicht erst einmal genug getan hat. Präsident Mario Draghi wies die Forderung nach weiteren Zinssenkungen zurück, Ratsmitglied Ewald Nowotny sagte, er sei für eine Geldpolitik der ruhigen Hand und Ratsmitglied Christian Noyer erklärte, weitere Refinanzierungsgeschäfte mit mehrjähriger Dauer seien nicht nötig, die EZB dürfe die Inflationsbekämpfung nicht aus dem Auge verlieren.
Der IWF-Lenkungsausschuss hatte den Eurozone-Staaten in seiner Abschlusserklärung ins Stammbuch geschrieben, es brauche weitere Fortschritte bei der Verbesserung der Schuldensituation und der Finanzstabilität. Mehr Vertrauen und Produktivität, eine bessere Balance innerhalb des Euroraums und in starkes Wachstum seien nur über entschlossene Strukturreformen zu haben.
Zur Erhöhung der Finanzstabilität haben die Europäer in jüngster Zeit bedeutende Beiträge geleistet. Die Euro-Rettungsfonds wurden zumindest zeitweise zusammengelegt, was ihr Volumen auf nahezu 1 Billion Euro erhöht. Zudem sagten die Europäer dem IWF zusätzliche Ressourcen zu, woraufhin andere Industrie- und Schwellenländern ebenfalls Finanzierungszusagen machten. Demnächst verfügt der IWF damit über zusätzliche Mittel von 430 Milliarden US-Dollar.
Es könnten noch mehr sein, wenn die USA als Wirtschaftsmacht Nummer Eins und größter IWF-Aktionär auch mitgezogen hätten. Taten sie aber nicht. Finanzminister Timothy Geithner begrüßte die Mittelaufstockung lediglich und verwies darauf, dass die US-Notenbank stattdessen über Swap-Geschäfte Dollar-Liquidität freigegeben und damit geholfen habe, das Finanzsystem der Eurozone wieder ans Laufen zu bringen, als es am Rande des Kollaps stand.
Dadurch, dass die USA dem IWF keine weiteren Mittel zur Verfügung stellen, verlieren sie nun auch ihren Status als größter Geldgeber des Fonds. Diese Rolle hat künftig Japan inne, wo im Oktober auch die das nächste Treffen des IWF-Lenkungsausschusses stattfinden wird. EZB-Ratsmitglied Nowotny kritisierte die Haltung der USA. "Ich bedauere, dass die USA nicht mitmachen, obwohl sie für sich doch eine führende Rolle im IWF beanspruchen. Ich denke, man hätte eigentlich erwarten können, dass sie mitmachen", sagte er.
Eine andere, vom IWF-Lenkungsausschuss aufgestellte Forderung, dürfen die USA ebenfalls auf sich beziehen: Viele Industrieländer, so heißt es in der Abschlusserklärung, müssten sich um eine glaubwürdige Finanzpolitik und einen Abbau der Staatsschulden bemühen.
Bundesfinanzminister Wolfgang Schäuble erinnerte in seiner Rede vor dem Lenkungsausschuss daran, dass nicht nur Europa vor großen haushaltspolitischen Herausforderungen stehe. Vor allem die USA und Japan müssten eine "glaubwürdige mittelfristige Strategie" vorlegen, wie sie ihre Defizite und ihren Schuldenstand zu verringern gedächten, sagte Schäuble. Der Minister erinnerte an die Verpflichtung der Industriestaaten vom G-20-Gipfel 2010 ihre Defizite bis 2013 zu halbieren.
-Von Hans Bentzien, Dow Jones Newswires, +49 (0)69 29725 300,
Hans.Bentzien@dowjones.com

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From: Haim R. Branisteanu4/22/2012 2:22:13 PM
   of 107281
 
NEW YORK (Dow Jones)--Monetary-policy decisions may push the dollar higher next week, as both the Federal Reserve and the Bank of Japan meet to discuss whether their economies need more stimulus.

Investors expect Japanese policymakers to announce their second expansion of the country's balance sheet for the year, effectively printing money to stoke economic activity and weaken the yen in the process.

While the Fed isn't seen announcing any major policy changes, markets will pay close attention to Chairman Ben Bernanke's remarks in a post-meeting press conference for signals on what the central bank will do later in the year.

The Bank of Japan introduced a near-term 1% inflation goal in February, and the bank's April 27 report on the outlook for prices and the economy likely will show inflation is expected to remain too low in the coming years. There is also great speculation that the bank will announce further asset-buying measures to expand money supply and fight deflation.

Bank of Japan Gov. Masaaki Shirakawa said recently in a speech in New York that the Japanese central bank remained committed to achieving the 1% inflation goal and was prepared to buy more assets.
"We're expecting something pretty significant out of the Bank of Japan, and if it's not what they've sold us you'll get a good-sized response in the yen," said Greg Anderson, senior foreign-exchange strategist at Citibank in New York. "They have prepared the market for strong policy easing."

Following a JPY10 trillion ($122.6 billion) balance-sheet expansion in February, J.P. Morgan Chase & Co. expects the Bank of Japan to announce a JPY5 trillion asset purchase at next week's meeting, with anything larger than that supporting the dollar against the yen.

"Any word that implies more aggressive policy easing would certainly be negative for the yen," said Kevin Hebner, a currency strategist at J.P. Morgan.

In the U.S., attention will focus on whether Bernanke and the Federal Open Market Committee will indicate a need for further easing in monetary policy following the June expiration of the so-called Operation Twist, the Fed's program of targeting lower long-term interest rates by selling shorter-dated securities to buy long-term assets.

The Fed's press conference is April 25, and markets are unsure about how policymakers will react to recent economic data, which paint the picture of an economy recovering in fits and starts. The U.S. unemployment rate fell in March to a three-year low, even as job creation slowed.

"We want to see smoke signals that give us a hint about what are the odds of no extension [of Operation Twist] or no extraordinary measures, versus three more months of the Twist," Anderson said.

For the euro, political risks as well as manufacturing data could push the currency outside its recent relatively narrow trading range of $1.30 to $1.34.

Chinese and European industrial-production figures are due at the start of the week and may provide more clarity on the pace of growth in the European and world economies.

French voters are expected to send sitting President Nicolas Sarkozy on to a second round against Socialist candidate Francois Hollande, who is favored to ultimately win.

In campaigning, Hollande has criticized the European Central Bank for focusing only on fighting inflation, so the tone of his speech following Sunday's election will be closely watched.

Investors will want to see "if he is showing that he is veering further to the left, or if he's going to be a bit more mainstream," Hebner at J.P. Morgan said of Hollande. "Is it going to be the etch-a-sketch after the first round, or will he be staying with what look like reasonably extreme views?"

-By Matthew Walter, Dow Jones Newswires; 212-416-2910; matt.walter@dowjones.com
(END) Dow Jones Newswires

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To: bart13 who wrote (89333)4/22/2012 3:23:03 PM
From: ggersh
   of 107281
 
Benny and....

youtube.com

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To: THE ANT who wrote (89325)4/22/2012 3:24:44 PM
From: elmatador
   of 107281
 
1 in 2 new graduates are jobless or underemployed

The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don't fully use their skills and knowledge.

Young adults with bachelor's degrees are increasingly scraping by in lower-wage jobs — waiter or waitress, bartender, retail clerk or receptionist, for example — and that's confounding their hopes a degree would pay off despite higher tuition and mounting student loans.

An analysis of government data conducted for The Associated Press lays bare the highly uneven prospects for holders of bachelor's degrees.

Opportunities for college graduates vary widely.

While there's strong demand in science, education and health fields, arts and humanities flounder. Median wages for those with bachelor's degrees are down from 2000, hit by technological changes that are eliminating midlevel jobs such as bank tellers. Most future job openings are projected to be in lower-skilled positions such as home health aides, who can provide personalized attention as the U.S. population ages.

Taking underemployment into consideration, the job prospects for bachelor's degree holders fell last year to the lowest level in more than a decade.

"I don't even know what I'm looking for," says Michael Bledsoe, who described months of fruitless job searches as he served customers at a Seattle coffeehouse. The 23-year-old graduated in 2010 with a creative writing degree.

Initially hopeful that his college education would create opportunities, Bledsoe languished for three months before finally taking a job as a barista, a position he has held for the last two years. In the beginning he sent three or four resumes day. But, Bledsoe said, employers questioned his lack of experience or the practical worth of his major. Now he sends a resume once every two weeks or so.

Bledsoe, currently making just above minimum wage, says he got financial help from his parents to help pay off student loans. He is now mulling whether to go to graduate school, seeing few other options to advance his career. "There is not much out there, it seems," he said.

His situation highlights a widening but little-discussed labor problem. Perhaps more than ever, the choices that young adults make earlier in life — level of schooling, academic field and training, where to attend college, how to pay for it — are having long-lasting financial impact.

"You can make more money on average if you go to college, but it's not true for everybody," says Harvard economist Richard Freeman, noting the growing risk of a debt bubble with total U.S. student loan debt surpassing $1 trillion. "If you're not sure what you're going to be doing, it probably bodes well to take some job, if you can get one, and get a sense first of what you want from college."

Andrew Sum, director of the Center for Labor Market Studies at Northeastern University who analyzed the numbers, said many people with a bachelor's degree face a double whammy of rising tuition and poor job outcomes. "Simply put, we're failing kids coming out of college," he said, emphasizing that when it comes to jobs, a college major can make all the difference. "We're going to need a lot better job growth and connections to the labor market, otherwise college debt will grow."

By region, the Mountain West was most likely to have young college graduates jobless or underemployed — roughly 3 in 5. It was followed by the more rural southeastern U.S., including Alabama, Kentucky, Mississippi and Tennessee. The Pacific region, including Alaska, California, Hawaii, Oregon and Washington, also was high on the list.

On the other end of the scale, the southern U.S., anchored by Texas, was most likely to have young college graduates in higher-skill jobs.

The figures are based on an analysis of 2011 Current Population Survey data by Northeastern University researchers and supplemented with material from Paul Harrington, an economist at Drexel University, and the Economic Policy Institute, a Washington think tank. They rely on Labor Department assessments of the level of education required to do the job in 900-plus U.S. occupations, which were used to calculate the shares of young adults with bachelor's degrees who were "underemployed."

About 1.5 million, or 53.6 percent, of bachelor's degree-holders under the age of 25 last year were jobless or underemployed, the highest share in at least 11 years. In 2000, the share was at a low of 41 percent, before the dot-com bust erased job gains for college graduates in the telecommunications and IT fields.

Out of the 1.5 million who languished in the job market, about half were underemployed, an increase from the previous year.

Broken down by occupation, young college graduates were heavily represented in jobs that require a high school diploma or less.

In the last year, they were more likely to be employed as waiters, waitresses, bartenders and food-service helpers than as engineers, physicists, chemists and mathematicians combined (100,000 versus 90,000). There were more working in office-related jobs such as receptionist or payroll clerk than in all computer professional jobs (163,000 versus 100,000). More also were employed as cashiers, retail clerks and customer representatives than engineers (125,000 versus 80,000).

According to government projections released last month, only three of the 30 occupations with the largest projected number of job openings by 2020 will require a bachelor's degree or higher to fill the position — teachers, college professors and accountants. Most job openings are in professions such as retail sales, fast food and truck driving, jobs which aren't easily replaced by computers.

College graduates who majored in zoology, anthropology, philosophy, art history and humanities were among the least likely to find jobs appropriate to their education level; those with nursing, teaching, accounting or computer science degrees were among the most likely.

In Nevada, where unemployment is the highest in the nation, Class of 2012 college seniors recently expressed feelings ranging from anxiety and fear to cautious optimism about what lies ahead.

With the state's economy languishing in an extended housing bust, a lot of young graduates have shown up at job placement centers in tears. Many have been squeezed out of jobs by more experienced workers, job counselors said, and are now having to explain to prospective employers the time gaps in their resumes.

"It's kind of scary," said Cameron Bawden, 22, who is graduating from the University of Nevada-Las Vegas in December with a business degree. His family has warned him for years about the job market, so he has been building his resume by working part time on the Las Vegas Strip as a food runner and doing a marketing internship with a local airline.

Bawden said his friends who have graduated are either unemployed or working along the Vegas Strip in service jobs that don't require degrees. "There are so few jobs and it's a small city," he said. "It's all about who you know."

Any job gains are going mostly to workers at the top and bottom of the wage scale, at the expense of middle-income jobs commonly held by bachelor's degree holders. By some studies, up to 95 percent of positions lost during the economic recovery occurred in middle-income occupations such as bank tellers, the type of job not expected to return in a more high-tech age.

David Neumark, an economist at the University of California-Irvine, said a bachelor's degree can have benefits that aren't fully reflected in the government's labor data. He said even for lower-skilled jobs such as waitress or cashier, employers tend to value bachelor's degree-holders more highly than high-school graduates, paying them more for the same work and offering promotions.

In addition, U.S. workers increasingly may need to consider their position in a global economy, where they must compete with educated foreign-born residents for jobs. Longer-term government projections also may fail to consider "degree inflation," a growing ubiquity of bachelor's degrees that could make them more commonplace in lower-wage jobs but inadequate for higher-wage ones.

That future may be now for Kelman Edwards Jr., 24, of Murfreesboro, Tenn., who is waiting to see the returns on his college education.

After earning a biology degree last May, the only job he could find was as a construction worker for five months before he quit to focus on finding a job in his academic field. He applied for positions in laboratories but was told they were looking for people with specialized certifications.

"I thought that me having a biology degree was a gold ticket for me getting into places, but every other job wants you to have previous history in the field," he said. Edwards, who has about $5,500 in student debt, recently met with a career counselor at Middle Tennessee State University. The counselor's main advice: Pursue further education.

"Everyone is always telling you, 'Go to college,'" Edwards said. "But when you graduate, it's kind of an empty cliff."

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To: TobagoJack who wrote (89323)4/22/2012 4:04:32 PM
From: carranza2
   of 107281
 
I share Jack's yen for blueberries, particularly the pea-sized wild ones. In a few weeks, we'll be able to go to nearby farms and pick them fresh, then freeze big lots of them.

Jack is exhibiting innate wisdom. Blueberries are very healthy things, or so I hear.

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To: ggersh who wrote (89336)4/22/2012 6:12:15 PM
From: bart13
   of 107281
 
What a blast from the past! Tx




Don't recall if I've ever posted these here, but they sure do point towards a continuing stock bull.










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To: Maurice Winn who wrote (79612)4/22/2012 7:00:40 PM
From: average joe
   of 107281
 
"The point of Tradable Citizenship is to personally own the assets of the state."

Under socialism, you're always free to stay within the system, and are not burdened by the opportunity to change it, since it is already an ideal form.

All seek to enter it and none seek to escpe it (particularly since theyre not free to leave it).

The Dream of Leaving Cuba

By YOANI SANCHEZ Published: April 21, 2012

Havana

OUTSIDE the sun is blindingly hot, and in the immigration office 100 people are sweating profusely. But no one complains. A critical word, a demanding attitude, could end in punishment. So we all wait silently for a “white card,” authorization to travel outside Cuba.

The white card is a piece of the migratory absurdities that prevent Cubans from freely leaving and entering their own country. It is our own Berlin Wall without the concrete, the land-mining of our borders without explosives. A wall made of paperwork and stamps, overseen by the grim stares of soldiers. This capricious exit permit costs over $200, a year’s salary for the average Cuban. But money is not enough. Nor is a valid passport. We must also meet other, unwritten requirements, ideological and political conditions that make us eligible, or not, to board a plane.

With so many obstacles, receiving a “yes” is like hearing the screech of the bolts pulled back on a cell door. But for many, like me, the answer is always “no.” Thousands of Cubans have been condemned to immobility on this island, though no court has issued such a verdict. Our “crime” is thinking critically of the government, being a member of an opposition group or subscribing to a platform in defense of human rights.

In my case, I can flaunt the sad record of having received 19 denials since 2008 of my applications for a white card. I left an empty chair at every conference, every award ceremony, every presentation of my books. I never received any explanation, only the laconic phrase “For now, you are not authorized to leave the country.”

But it is not only dissidents or critics who suffer these mobility restrictions. Hundreds of doctors, nurses and health professionals whom the government values too much to risk losing know that choosing those professions means they will save lives but will be unlikely to see other latitudes. They have seen their families separated, their children go into exile, while they wait for the authorities’ approval to leave. Some wait three years, five years, a decade, forever.

The blacklist of those who cannot cross the sea is long, and though the information is never published, we all know how the system works. And so we don masks of conformity before the watchful eyes of the state, hoping to achieve the cherished dream of crossing national boundaries. The exit permit thus becomes a method of ideological control.

A few days ago Ricardo Alarcón, president of the Cuban Parliament, told a foreign interviewer that the government is studying a radical reform of emigration. But we all know how the Cuban government utilizes the euphemism “we are studying” to buy time in what could become a wait of decades.

In reality, these same authorities are unwilling to give up this rich industry that brings them millions of dollars a year in fees for entering and leaving the country. The rumors fly but the locks never open.

A year ago, for example, as I was applying for permission to attend an event in Spain, the news “broke” that Cubans would soon travel freely. When I asked the official handling my request if it was true, she sneered at me, “Go to the airport and see if they let you leave without a white card.”

That same afternoon, as I was issued one more denial, my cellphone rang insistently in my pocket. A broken voice related to me the last moments in the life of Juan Wilfredo Soto, a dissident who died several days after being handcuffed and beaten by the police in a public park. I sat down to steady myself, my ears ringing, my face flush.

I went home and looked at my passport, full of visas to enter a dozen countries but lacking any authorization to leave my own. Next to its blue cover my husband placed a report of the details of Juan Wilfredo Soto’s death. Looking from his face in the photograph to the national seal on my passport, I could only conclude that in Cuba, nothing has changed. We remain in the grip of the same limitations, caught between the high walls of ideological sectarianism and the tight shackles of travel restrictions.

Yoani Sanchez is the author of “Havana Real: One Woman Fights to Tell the Truth About Cuba Today.” This article was translated by Mary Jo Porter from the Spanish.

nytimes.com

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From: 2MAR$4/22/2012 8:20:01 PM
1 Recommendation   of 107281
 
If you have a clear view of the western horizon, look there tonight, Sunday April 22nd, just after the sun goes down. Jupiter is shining close to an exquisitely-thin crescent Moon.


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