“German unemployment increased for a fifth straight month in August as the European debt crisis curbed demand for exports and companies held back investment.
The number of people without a job increased a seasonally adjusted 9,000 to 2.90 million, the Federal Labor Agency in Nuremberg said today. Economists forecast a gain of 7,000, the median of 31 estimates in a Bloomberg News survey shows. The adjusted jobless rate was unchanged at 6.8 percent.”
Comments »Investors are beginning to shun risk and find safety in the land down under.
Comments »Asian markets fell on retail data out of Japan and poor confidence data out of South Korea. Markets also doubt any significant announcements will come out of Jackson Hole.
Comments »WTI is flat to down now that Isaac has passed. Brent on the other hand remains up a bit this morning.
Comments »“Copper consumption in China, the world’s biggest user, is expected to expand this year at the slowest rate since 1997 as economic growth cools, according to Beijing Antaike Information Development Co.
Usage may increase 5 percent to about 7.7 million metric tons supported by demand from the power industry, Yang Changhua, who’s studied the market for more than a decade, said in a phone interview from Beijing. “It could turn out to be even lower, and we’re not optimistic about next year,” Yang said yesterday.”
Comments »http://www.youtube.com/watch?v=yI0q7xZWXqo&feature=relmfu
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Comments »Dividend-focused ETFs are tempting when you hold them up against the insanely low yields on benchmark U.S. government debt. But that doesn’t mean dividend ETFs are a good idea.
They might not even be a better idea than buying, say, a 10-year U.S. Treasury bond.
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Comments »Calorie restriction confers health benefits to monkeys but doesn’t increase their life span, a new study suggests, undermining some people’s belief that a sharply restricted diet could help them live longer.
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Comments »With a shortage of doctors in the U.S. already and millions of new patients set to gain coverage under President Barack Obama’s health-care overhaul, American medical schools are struggling to close the gap.
One major reason: The residency programs to train new doctors are largely paid for by the federal government, and the number of students accepted into such programs has been capped at the same level for 15 years. Medical schools are holding back on further expansion because the number of applicants for residencies already exceeds the available positions, according to the National Resident Matching Program, a 60-year-old Washington-based nonprofit that oversees the program.
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Comments »The tight-lipped world of hedge funds might soon be able to speak more freely.
The Securities and Exchange Commission on Wednesday proposed rules that would remove a longtime prohibition against general solicitation by hedge funds, a huge change for an industry that has ballooned in size and influence in recent decades.
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Comments »Occupy Wall Street, the global movement against inequality that ignited in Manhattan last year, will mark its first anniversary by trying to block traffic in the financial district and encircle the New York Stock Exchange.
Planning for the Sept. 17 protest, dubbed S17, follows months of internal debate and flagging interest, according to interviews with organizers. The morning action may include attempts to make citizens’ arrests of bankers, and some activists intend to bring handcuffs, they said.
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Comments »[youtube://http://www.youtube.com/watch?v=NlCECLWpLHE 450 300]
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