He is going to be proven a liar and a scoundrel. Can you say “one term President?”
It’s over.
UPDATE: ‘We don’t need to build more highways out in the suburbs. We should be investing in minority-owned businesses, in our neighborhoods’…
UPDATE II: Watch Video
Comments »“(Reuters) – T-Mobile USA, the No. 4 U.S. mobile provider, has agreed to sell the rights to operate 7,200 of its wireless broadcast towers for $2.4 billion to Crown Castle International Corp to help its parent Deutsche Telekom pay back debt.
Crown Castle also has the option to pay another $2.4 billion to buy the towers outright from T-Mobile USA at the end of the lease term for each tower, under the deal announced Friday.
T-Mobile USA has been trying to sell its wireless towers since its proposed purchase by AT&T Inc failed last year due to regulatory opposition.
T-Mobile USA, which is spending $4 billion on a network upgrade, has also been looking for ways to become more financially independent from its parent.
Crown Castle estimates the towers will generate about $125 million to $130 million in adjusted funds from operations before financing costs in 2013.”
Comments »“Almost 100,000 miners and truck drivers are on strike in South Africa, the nation with the largest platinum, chrome and manganese reserves, as workers demand above-inflation pay increases.
Unauthorized stoppages have shut about 39 percent of the country’s gold output after miners walked off the job at all of AngloGold Ashanti Ltd. (ANG)’s mines. The world’s third-largest gold producer employs more than 32,000 in South Africa, its 2011 annual report shows. Gold Fields Ltd. said today there are no talks with its striking workers.”
[youtube://http://www.youtube.com/watch?v=2rxWPEdYCnI 450 300] Comments »$TSLA is down 8% and has been down as much as 12% on a SEC filing warning about sales and production….
Comments »“Talk of adopting the euro is thin on the ground before Lithuanian elections next month as politicians align with popular opposition to the switch.
The Baltic nation will abandon the litas “when the euro zone is ready,” Prime Minister Andrius Kubilius said Aug. 28, putting into question a 2014 target to follow Estonia into the currency. While Latvian officials retain plans to join the euro area that year, support among the population is at a record low.”
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“(Reuters) – Nike Inc is beefing up its capacity to use its cash to purchase its own shares, with the board of the world’s largest sportswear maker approving an $8 billion buyback program.
The new $8 billion four-year repurchase program for Nike’s class B stock will follow the company’s current $5 billion buyback plan once that program is completed during the second quarter of fiscal 2013, Nike said on Wednesday.
“Over the past 10 years, Nike has returned $10 billion to shareholders through the repurchase of more than 167 million shares,” Chief Executive Mark Parker said in a statement, adding that share buybacks are a prudent use of Nike’s cash.”
Comments »“(MoneyWatch) Today’s the day: Apple’s (AAPL) latest mobile operating system, iOS 6, is available for your existing iPhones and iPads. (If you want iOS 6 wrapped in a shiny new iPhone 5, you’ll still have to wait until September 21.)
But what exactly is under the hood? Is iOS 6 worth the time and trouble (no cost; it’s free) to install if you don’t have a faster processor and larger screen to take advantage of the flashier features? Here’s a roundup of all the most interesting stuff Apple packed into the new iPhone operating system — read it and then decide for yourself:
New maps. Perhaps the biggest news is that Apple has implemented its own mapping software and given Google Maps the boot. Industry competition aside, this is a pretty nice deal for iPhone users, since Apple’s map app includes free turn-by-turn driving directions — a first for the iPhone. That said, Apple’s maps aren’t as polished as Google’s (GOOG) offerings, with the search giant having about a decade head start in this arena. ”
Comments »“NEW YORK (CNNMoney) — Yahoo says it will return $3 billion to shareholders after selling back about half of its 40% stake in Chinese company Alibaba for $7.1 billion, according to documents filed with the SEC.
Alibaba Group Holding, an online marketplace based in China, repurchased its 523 million shares from Yahoo for $7.1 billion.”
Comments »“Salesforce.com is setting up the next big battle in the market with a new service they are calling Facebook style identity for the enterprise.
The new service, which Marc Benioff first discussed on stage at Disrupt San Francisco 2012, is being called a single, social, trusted identity in the cloud across all enterprise apps.”
Comments »“Everyone agrees that the Federal Reserve’s unlimited QE and the ECB’s OMT plans are historic. Both plans involve buying tremendous amounts of debt on the markets in efforts to suppress borrowing costs and ultimately stimulate economies.
Nomura contributing strategist Bob Janjuah, however, thinks that history won’t remember these actions very kindly. From his latest note to clients:
“We can now clearly see that the only solutions that are offered by the Fed and the ECB are the extension of the same failed policies that got us into our financial and economic despair in the first place. Namely MORE debt, MORE bubbles and MORE monetary debasement. When future historians look back for the day that the West lost its status as global economic superpower, and for the day that the West lost its aspirational leadership in terms of sound economic and prudent financial system management, I feel that September 2012 may be seen as a significant pivot point.”
This criticism is not unexpected by those who follow Janjuah.
However, his note also revisits his big call of the year: that stocks would rise into the fall, and then plummet by 20% to 25%.
In short, Janjuah had said if the S&P 500 rallied to 1,450, his call was off.
From his note today:”
Comments »Strikes in South Africa are going largely unnoticed by mainstream media. Many are dead over the past few weeks and these strikes risk further damage to many sectors of the global economy.
As a result of yesterday’s events platinum is soaring.
Comments »Chris Stevens, the US Ambassador to Libya, has been killed in an attack on the US consulate in Benghazi.
“The US suffered attacks on its embassies in both Libya and Egypt yesterday amid protests over a film that was deemed offensive to Islam. The news was first broken by Al-Arabiya.”
Comments »Apple inc is expected to unveil the latest model of the iPhone. There is a lot of chatter that this could be a make or break addition for Apple Inc and their upcoming earnings.
Comments »“Chesapeake Energy Corp. (CHK) agreed to sell portions of oil and natural-gas fields in the Permian Basin of Texas and New Mexico and other assets in a series of transactions for $6.9 billion, narrowing a cash-flow shortfall that threatened to crimp the Oklahoma City-based company’s drilling and production goals.
Chevron Corp. (CVX), Royal Dutch Shell Plc (RDSA) and EnerVest Ltd. will buy acreage in the Permian Basin for $3.3 billion, Chesapeake said in a statement distributed today. The Permian Basin holdings were the most-valuable of several assets Chesapeake Chief Executive OfficerAubrey McClendon put up for sale this year to raise cash, avoid a credit-rating downgrade and maintain debt covenants.”
Comments »“Apple Inc. AAPL +0.89% is in talks to license music for a custom-radio service similar to the popular one operated by Pandora Media Inc., P +1.88% according to people familiar with the matter, in what would be a bid by the hardware maker to expand its dominance in online music.
Such services create virtual “stations” that play music similar to a song or artist of the user’s choosing, either on Web browsers or smartphone apps. Like traditional radio, they are typically free for users, but incorporate advertisements.
Apple’s service would work on its sprawling hardware family, including the iPhone, iPads and Mac computers, and possibly on PCs running Microsoft Corp.’s MSFT +3.05%Windows operating system, according to one of these people. It would not work on smartphones and tablets running Google Inc.’s GOOG +2.67% Android operating system, this person added, highlighting the mounting battle for mobile dominance between the two technology giants.”
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“LinkedIn plans to roll out a redesigned version of its company pages today, part of a broader attempt to redesign and simplify everything, including its homepage.
I went down to the LinkedIn office yesterday to get a preview of the new design. As Senior Product manager Mike Grishaver jumped back-and-forth between the old company page and the new one, there were some clear differences. The old company page consisted almost entirely of text, and it was packed with different widgets. The new page (pictured above), on the other hand, is dominated by a single image chosen by the business, there’s now a big “follow” button visible at the top right, and a lot of the clutter has been removed.”
Comments »$FB is up this am upon last nights announcement of a $2 billion share buy back program.
Comments »Thanks to real-world data, the keys to your digital kingdom are under assault.
Read about it here.
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