iBankCoin
Home / 2012 / December (page 18)

Monthly Archives: December 2012

The Aussie Dollar Falls Again Bucking Global Risk On Trade

Australia’s dollar declined for a third day against its U.S. counterpart on concern the South Pacific nation’s economy is slowing and may be in store for further interest-rate cuts by the central bank.

The so-called Aussie fell against most of its 16 major peers after Reserve Bank of Australia Governor Glenn Stevens was reported to have said there may not be a seamless “handover” from mining to other drivers of growth. New Zealand’s dollar slid after Auckland-based Fonterra Cooperative Group Ltd. (FCG), the world’s largest dairy exporter, said whole-milk prices fell for a fourth-straight auction and before data tomorrow forecast to show a moderation in the nation’s growth.

Governor Stevens has always been worried about the output gap and what is going to fill the void when mining investment slows,” said Hans Kunnen, an economist at St. George Bank Ltd. in Sydney. “The fact that the RBA has come out and said economic growth in Australia would be slower may have dampened enthusiasm toward the Australian dollar.”

The Aussie declined 0.2 percent to $1.0515 as of 4:11 p.m. in Sydney, having fallen 0.3 percent in the previous two days. The currency slid 0.1 percent to 88.62 yen. New Zealand’s dollar, known as the kiwi, dropped 0.3 percent to 83.94 U.S. cents. It depreciated 0.2 percent to 70.74 yen.

The yield on Australia’s 10-year government debt rose as much as three basis points, or 0.03 percentage point, to 3.41 percent, the highest since Sept. 17…”

Full article

Comments »

World Stock Indices Index Hits 17 Month Highs

“Stocks rose to a 17-month high and the yen weakened on speculation U.S. leaders will reach a budget deal and Japan’s central bank will expand stimulus. The euro strengthened after German business confidence increased.

The MSCI All-Country World Index (MXWD) gained for a third day, up 0.5 percent at 1:05 p.m. in London, to the highest since July 2011. Futures on the Standard & Poor’s 500 Index advanced 0.2 percent. Japan’s Topix Index rallied 2.8 percent for the biggest jump in 21 months, while 10-year government note yields rose 2 basis points. The yen depreciated against 15 of its 16 major peers, while the euro reached a seven-month high against the dollar. Lead climbed to a 15-month high.”

Full article

Comments »

Exports in Japan Fall for a Sixth Consecutive Month

Japan’s exports fell for a sixth month in November and the trade deficit swelled, underscoring the challenge that incoming Prime Minister Shinzo Abe faces in reviving growth.

Shipments slid 4.1 percent from a year earlier, the Finance Ministry said in Tokyo today. The median forecast of 23 economists was for a 5.5 percent decline. Imports rose 0.8 percent leaving a deficit of 953.4 billion yen ($11.3 billion), the third-largest on record.”

Full article

Comments »

Emerging Markets Hit 8 Month Highs on Growth Outlook

“Emerging-market stocks rose, lifting the main index to an eight-month high, as the World Bankraised its East Asia growth outlook, business confidence in Germany improved and investors anticipated a U.S. budget deal.

New World Resources NV (NWR), the Czech Republic’s largest coal producer, headed for its highest close in almost four months, helping the country’s benchmark PX Index post its longest rally since 2009. OAO Severstal, the steelmaker controlled by billionaire Alexey Mordashov, was set for its longest winning streak since Sept. 12 in Moscow. The zloty reached its strongest level in 10 weeks as a second monthly improvement in German business confidence spurred expectations that Poland’s biggest export market can withstand the euro area’s recession.

The MSCI Emerging Markets Index (MXEF) added 0.6 percent to 1,052.30 as of 12:49 p.m. in London, heading for the highest close since April 3. Developing nations in East Asia will probably grow 7.5 percent this year, compared with a previous 7.2 percent forecast, contributing about 40 percent of global growth, the World Bank said in a report today. House Speaker John Boehneroffered a backup plan that would raise tax rates for Americans making more than $1 million a year, as he seeks compromise between fellow Republicans and the government.

“It’s the rally that we usually get at the start of the new year coming early,” Michael Wang, anemerging-markets strategist at Amiya Capital LLP in London, said by email. “There is optimism that we’re close to an agreement in the fiscal cliff negotiations.”

Russia, Brazil

The 21 countries in the emerging-markets index send about 17 percent of their exports to the U.S., according to data compiled by the World Trade Organization.”

Comments »

PressTV: Israeli Death Squads Involved in Sandy Hook Bloodbath: Intelligence analyst

“In truth, the public may well just be sick of hearing stories about “lone gunmen.” Of all possible horrors, this one, even more than the Benghazi killings, is loaded with political implication, not just “gun control,” but a clear attack on the security of every American family.

Days later, the Sandy Hook Massacre, the iconic slaughter of twenty small children, is now looking like a terrorist attack, not a “murder suicide.” Was “lone gunman” Adam Lanza a “patsy,” the same word Lee Harvey Oswald used to describe himself before being “silenced” in November 1963?

Today, Michael Harris, former Republican candidate for governor of Arizona and GOP campaign finance chairman, in an internationally televised news broadcast, cited “Israeli revenge” in, what he called, “the terrorist attack in Connecticut.”

Harris cited Israeli “rage” against the US and against President Barack Obama. By “Israel,” we mean “Netanyahu.”

The mission was to teach America a lesson, knowing that “America would take the punishment, keep “quiet,” and let a ‘fall guy’ take the blame.”

A “fall guy” is another word for “patsy.”

Harris, citing the flood of inconsistencies in the “cover story,” pointed out the following, “The facts are now becoming obvious. This is another case where Israel has chosen violence and terrorism where their bullying in Washington has failed. Israel believes the US “threw them under the bus,” particularly after the recent Gaza war, allowing Israel to be humiliated in the United Nations. Their response was to stage a terror attack, targeting America in the most hideous and brutal way possible, in fact, an Israeli “signature attack,” one that butchers children, one reminiscent of the attacks that killed so many children in Gaza?”

Washington is terrified of Israel, their powerful lobby and its relationship with organized crime. Now, a key former Senator, Chuck Hagel, who has helped expose this fact, is likely to be nominated as the secretary of defense, despite vocal protests from Israel.

Today, Israeli news gave further credence to Harris’ analysis when they issued the following statements regarding the probable nomination of Hegel:

“Chuck Hagel’s statements and actions regarding Israel have raised serious concerns for many Americans who care about Israel,” said the Republican Jewish Coalition (RJC) Executive Director, Matt Brooks. “The Jewish community and every American who supports a strong US-Israel relationship have cause for alarm if the president taps Hagel for such an important post.”

Full article

Comments »

Sales Boom for Kids’ Body Armor

“Basically, there’s three models,” says Derek Williams. “A SwissGear that’s made for teens, and we’ve got an Avengers and a Disney Princess backpack for little kids.”

Williams is the president of Amendment II, a Salt Lake City-based company that manufactures lightweight body armor for law enforcement and military use. But lately they’ve moved into a different market: body armor for kids. Six months ago, Amendment II introduced a new line of backpacks, built with the company’s signature carbon nanotube armor, designed to keep kids safe in the event of school shootings. Since Friday’s massacre at a Newtown, Connecticut, elementary school, sales have gone through the roof. “I can’t go into exact sales numbers, but basically we tripled our sales volume of backpacks that we typically do in a month—in one week,” Williams says. ”

Full article

Comments »

EXCLUSIVE: Fear of Being Committed May Have Caused Connecticut Gunman to Snap

“NEWTOWN, Conn. –  The gunman who slaughtered 20 children and six adults at a Connecticut elementary school may have snapped because his mother was planning to commit him to a psychiatric facility, according to a lifelong resident of the area who was familiar with the killer’s family and several of the victims’ families.

Adam Lanza, 20, targeted Sandy Hook Elementary School in Newtown after killing his mother early Friday because he believed she loved the school “more than she loved him,” said Joshua Flashman, 25, who grew up not far from where the shooting took place. Flashman, a U.S. Marine, is the son of a pastor at an area church where many of the victims’ families worship.

“From what I’ve been told, Adam was aware of her petitioning the court for conservatorship and (her) plans to have him committed,” Flashman told FoxNews.com. “Adam was apparently very upset about this. He thought she just wanted to send him away. From what I understand, he was really, really angry. I think this could have been it, what set him off.”

A senior law enforcement official involved in the investigation confirmed that Lanza’s anger at his mother over plans for “his future mental health treatment” is being looked at as a possible motive for the deadly shooting.”

Read more

Comments »

New IPCC Climate Fraud Evidence Leaked

“The IPCC’s (Intergovernmental Panel on Climate Change’s) 5th Assessment Report due for release in September of 2013, has now been leaked publicly over 9 months in advance on an internet publication called Stop Green Suicide.

One of the reports 800 expert reviewers, a man by the name of Alex Rawls, apparently leaked the report and is backing it with written evidence that cosmic rays are actually the cause of climate change and warming patterns, thus possibly blowing the lid off the whole entire global warming fraud pushed by figureheads such as Al Gore and others.

An excerpt by Leo Hickman reads;

The IPCC, which confirmed the draft is genuine, said in a statement: “The IPCC regrets this unauthorized posting which interferes with the process of assessment and review.

We will continue not to comment on the contents of draft reports, as they are works in progress.”

 Climate skeptics have heralded the sentence – which they interpret as meaning that cosmic rays could have a greater warming influence on the planet than mankind’s emissions – as “game-changing”. “

Full article

Comments »

Anonymous Senator Puts a Hold on Mass Killings Legislation

“For reasons unknown, a U.S. senator has secretly blocked legislation that would authorize federal law enforcement agents to immediately respond to shootings, such as last week’s in Newtown, Connecticut.

The Investigative Assistance for Violent Crimes Act was first introduced last year by supporters who contend federal law does not allow the Federal Bureau of Investigation(FBI) or other U.S. agencies to quickly provide help whenever a mass killing is taking place.

But the proposed legislation is currently bottled up in the Senate, after a senator used the upper chamber’s rules to place a “hold” on it. The same rules allow the senator to keep his or her identity from being revealed.”

Full article

 

Comments »

Instagram Says it Now Has the Right to Sell Your Photos, Get to Deleting Your Account

“Instagram said today that it has the perpetual right to sell users’ photographs without payment or notification, a dramatic policy shift that quickly sparked a public outcry.

The new intellectual property policy, which takes effect on January 16, comes three months after Facebook completed its acquisition of the popular photo-sharing site. Unless Instagram users delete their accounts before the January deadline, they cannot opt out.”

Comments »

Banks to Be Shielded from Home Owner Lawsuits

 

“As regulators complete new mortgage rules, banks are about to get a significant advantage: protection against homeowner lawsuits.

The rules are meant to help bolster the housing market. By shielding banks from potential litigation, policy makers contend that the industry will have a powerful incentive to make higher quality home loans.

But some banking and housing specialists worry that borrowers are losing a critical safeguard. Industries rarely get broad protection from consumer lawsuits, and banks would seem unlikely candidates given the range of abuses revealed during the housing bust….”

Full article

Comments »