Will Japan become inhabitable? If so, look out supply chain…..
Comments »Monthly Archives: June 2011
“Enough lines of cocaine for the entire U.S. Congress! “
Kill the Small Guy
House republicans serve their corporate masters by proposing a bill to “take specific aim at much smaller programs funding local food, rural development, child nutrution, conservation, sustainable agriculture (SARE) and fair competition rules for meat producers.”
Comments »DICK bove: FED Could Push U.S. to the Brink of a New Recession
bove is against raising capital requirements for banks. He further states that the liquidity from QE2 has not been put into society. This only drove up asset values according to bove.
Comments »Owners of Coal Companies Beware
some how i missed this article yesterday, but the EPA is proposing regulation that could cost coal companies many billions of dollars….
Comments »Lupe Fiasco: “The Root Cause of Terrorism”
“My fight against terrorism, to me, the biggest terrorist is Obama in the United States of America. I’m trying to fight the terrorism that’s actually causing the other forms of terrorism. You know, the root cause of terrorism is the stuff the U.S. government allows to happen. The foreign policies that we have in place in different countries that inspire people to become terrorists.”
Full article
War Footage From Libya
Fun Times in Yemen
apparently were stepping up drone bombing campaigns….for extra added fun perhaps we will use some depleted uranium…
Comments »Wholesale Inventories:Prior 1.1%, Market Expects +1%, Actual +0.8%
U.S. Regulators Looking Into Goldman Sachs for Violating Bribery Laws
GS and others are being looked over for potentially violating bribery laws in connection with Libya’s sovereign wealth fund.
Comments »The Bow Tie AKA Jim Rogers: U.S. Is Nearing an Even Worse Financial Crisis
Jim rogers says we can not print anymore and we can not quadruple our debt load; this will lead to a crisis if the debt ceiling is not agreed upon by law makers.
Comments »Fusion IO, FIO, A Memory Storage Company Pops and Drops for its IPO Debut
Apharma, A Susidiary of Pfizer, Halts Drug Sales of 3-Nitro
PETA Should Be All Over This
Upgrades and Downgrades This Morning
Upgrades
CIB – Bancolombia S.A. initiated with an Underperform at Raymond James
UTX – United Tech initiated with Outperform at William Blair
ADSK – Autodesk initiated with Sector Perform at RBC Capital Markets
MMM – 3M initiated with Outperform at William Blair
CMTL – Comtech Telecom target lowered to $28 at Needham
NDAQ – NASDAQ upgraded to Buy at Stifel Nicolaus
BRFS – Brasil Foods S.A. downgraded to Underperform from Market Perform at Raymond James
ELN – Elan upgraded to Buy from Neutral at UBS
WTR – Aqua America initiated with a Buy at Ladenburg Thalmann
OAS – Oasis Petroleum upgraded to Outperform from Market Perform at Wells Fargo
ABB – ABB Ltd initiated with Outperform at William Blair
TYC – Tyco initiated with Outperform at William Blair
CRZBY – Commerzbank AG upgraded to Hold from Sell at Citigroup
CXO – Concho Resources upgraded to Buy from Neutral at Lazard
ZRAN – Zoran upgraded to Outperform at Wedbush
AIG – American Intl initiated with a Buy at Deutsche Bank
ODFL – Old Dominion upgraded to Buy from Hold at Citigroup
SEE – Sealed Air upgraded to Buy from Hold at Jefferies
WBMD – WebMD Health upgraded to Strong Buy from Outperform at Raymond James
INXN – InterXion initiated with a Buy at The Benchmark Company
Downgrades
RIMM – Research In Motion downgraded to Hold from Buy at Citigroup
ICO – International Coal downgraded to Hold at Dahlman Rose
FN – Fabrinet initiated with a Neutral at JP Morgan
WLL – Whiting Petroleum downgraded to Neutral at Ticonderoga
DIS – Walt Disney downgraded to Neutral from Buy at Davenport
Comments »Gapping Up and Down This Morning
Gapping up
CNST +2%, ESIC +14.1%,TITN +7.1%, STO +1.7%, BP +0.9%, LFC +2.4%, AIG +4%, MW +1.2%, SEE +1.8%, GEF +1.0%, MW +0.9%, UHAL +4.3%, OAS +1.4%, ELN +5.1%, TOT +0.4%, RDS.A +1%,UHAL +4.3%, SJM +2.4%
Gapping down
FVE -7.2%, BRFS -1.0% PKT -3.2%, SEP -3.6%, AMLN -2.6%,
Comments »In Play and On The Wires
Appeals court skeptical of Obamacare
Comments »(CNN) — A federal appeals court in Atlanta was openly skeptical Wednesday that the sweeping health care reform law championed by President Barack Obama would survive constitutional scrutiny.
A three-judge panel heard arguments in a massive lawsuit brought by Florida and 25 other states.
The 11th Circuit Court of Appeals was the latest of three similar federal panels across the country to hear challenges by states and private groups to the Patient Protection and Affordable Care Act. Separate rulings from those courts in coming months will form the basis of a certain appeal to the Supreme Court, which could offer the final word on the landmark legislation, perhaps in time for the 2012 election year.
New jobless claims hold above 400,000
Comments »NEW YORK (CNNMoney) — The number of Americans filing for first-time unemployment benefits rose again and stayed above the 400,000 mark for the ninth consecutive week.
While a level below 400,000 is typically associated with payroll growth, claims have now topped this mark for the last nine weeks.
There were 427,000 initial jobless claims filed in the week ended June 4, the Labor Department said Thursday. That was up 1,000 from the week before, and slightly worse than the 423,000 claims economists surveyed by Briefing.com had expected.
Continuing claims — which include people filing for the second week of benefits or more — edged lower to 3,676,000 in the week ended May 28, a decline of 71,000 from the week before.
U.S. increases covert strikes in Yemen
Comments »WASHINGTON — The Obama administration has intensified the covert U.S. war in Yemen, hitting militant suspects with armed drones and fighter jets, The New York Times reported late Wednesday.
The accelerated campaign has occurred in recent weeks as violent conflict in Yemen has left the government in Sanaa struggling to cling to power, the Times said.
The report, posted on the newspaper’s website, said Yemeni troops that had been battling militants linked to Al Qaeda in the south have been pulled back to the capital. American officials hope the strikes will help prevent militants from consolidating power.
A drone strike by U.S. special operations forces on May 5 targeted U.S.-born Al Qaeda cleric Anwar al-Awlaki, but a malfunction caused rockets to miss him by a matter of minutes, two U.S. officials told The Associated Press. The officials spoke on condition of anonymity to discuss intelligence matters.