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Rep. Jan Schakowsky Vows that Assault Weapons Ban is Just the Beginning

“Rep. Jan Schakowsky (D-IL), a member of the Democratic Party’s leadership in the House of Representatives, suggested to Jason Mattera at a Feb. 13 women’s rights rally that plans for an assault weapons ban and private-sales background checks were only the beginning of a broader gun control agenda extending to handguns as well.

Schakowsky evidently did not recognize Mattera, a conservative video journalist and senior investigative reporter for Talk Radio Network, who infamously confronted Vice President Joe Biden in the Capitol. (Mattera introduced himself to Schakowsky by name but did not indicate that he was filming or that he is conservative.) She spoke to Mattera as if he were a fellow gun control enthusiast–and Mattera played along, eliciting answers about Schakowsky’s enthusiasm for gun control….”

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Apple Will Announce Plans for Cash Hoard, Gamco Says: Tom Keene

We’re going to get an announcement from the company as to how they intend to reallocate some of their cash,” Ward said in an interview today on Bloomberg Radio’s “Surveillance” withTom Keene. “They will put a floor under their stock at a higher price than it is today.”


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Gasoline Prices Take Their First Rest This Year, Summer Driving Season Just Around the Corner

“American drivers finally saw some relief at the pump as U.S. gasoline prices fell 5.56 cents per gallon over the last two weeks, a widely followed industry analyst said on Sunday.

The Lundberg survey said the national average price of self-serve, regular gasoline was $3.7394 per gallon on March 8, down from $3.7950 on Feb. 22.

The first drop of the year reflects easing crude oil prices, said survey editor Trilby Lundberg, but it is mostly due to refiners cutting wholesale prices for retailers following weeks of increases.

“It was practically in the cards that retailers would be able to pass through price cuts to motorists,” Lundberg said in an interview.

In the nine weeks through Feb. 22, retail gasoline prices rose more than 53 cents, or 16.5 percent, as refiners idled capacity for maintenance work ahead of the spring and summer driving seasons.

Lundberg predicted gasoline prices would fall another 10 to 12 cents or more in coming weeks, since refiners and retailers both have profit margins healthy enough to support price cuts…..”

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Drink Up

“Harvard scientists said they have settled a debate over whether a compound found in red wine activates a gene that keeps cells healthy.

Researchers repeated a 10-year old study using a new method to validate earlier findings that resveratrol turns on a gene that recharges mitochondria, tiny structures that produce fuel for cells. By revving up mitochondria, the agent may protect against aging-related diseases, said David Sinclair, a Harvard Medical School genetics professor and the study’s senior author.

Sinclair’s earlier research was disputed in studies in 2009 and 2010 saying that resveratrol only activated the gene, a sirtuin called SIRT1, in experiments that used a synthetic fluorescent chemical to track activity. Since these chemicals aren’t found in cells or nature, other studiessaid the effect would only work in lab tests and not in humans. The new study, published today in the journal Science, got rid of the chemical.

“Controversy is a difficult thing to deal with, and I hope this paper gives some clarity to the field,” Sinclair said in a telephone interview.

The Harvard group set out to see if the effect was an artifact of the synthetic chemicals or was something that occurred naturally as well. They swapped out the fluorescent chemicals for a group of naturally occurring amino acids, including tryptophan, and found resveratrol did activate SIRT1.

Resveratrol Drugs

Sinclair’s earlier work led to the formation of Sirtris Pharmaceuticals which focuses on developing drugs from resveratrol. GlaxoSmithKline Plc (GSK) acquired the company in 2008 for $720 million. A little more than two years later, Glaxo shelved development of the lead compound from that acquisition, SRT501, when the medicine didn’t appear to work well enough in cancer patients and worsened kidney damage.

Resveratrol is currently being tested in at least two dozen clinical trials to gauge its effects on human health. It’s also packaged as a natural supplement, with $34 million in U.S. sales last year, according to the Nutrition Business Journal….”

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LaFerrari Hybrid

The Geneva auto show has debuted some fancy cars, but this electric Ferrari is super hot! For only 1 million Euros you can get on the waiting list and enjoy things like an iPad inside beyond the obvious features of this iconic brand.

Full article and video

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Documentary: 97% Owned

A documentary presenting serious research and verifiable evidence on our economic and financial system. 97% owned is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of central banks and the money creation process.

With money driving almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down?

Political philosopher John Gray, commented, “We’re not moving to a world in which crises will never happen or will happen less and less. We are in a world in which they happen several times during a given human lifetime and I think that will continue to be the case”

If you have decided that crisis as a result of the monetary system is not an event you want to keep revisiting in your life-time then this documentary will equip you with the knowledge you need, what you do with it is up to you.

[youtube://http://www.youtube.com/watch?v=XcGh1Dex4Yo 450 300]

Cheers on your weekend!

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Who Will Smoke Who in the Summer of Sam ?

The past four spring/summer sessions have brought a correction to the market place.

Look it up.

Will it happen again?

All speculation at this point.

However,  i like many have said expect the S&P to rise to 1560ish. You were warned at 1370 that if you went short you would die a slow death.

At any rate, it is time to sell into strength and take down some hedges for your safety.

The market in pictures:




The S&P

images (17)



images (10)


[youtube://http://www.youtube.com/watch?v=qtFBRJFN3p8 450 300]

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Represent with Integrity

[youtube://http://www.youtube.com/watch?v=NjrCZj0VNIU 450 300]

Link for iPhone users: http://www.youtube.com/watch?v=NjrCZj0VNIU

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