Bulgaria Feels Left Out; Protests Erupt
Fed Hits Panic Button: Monetary Base Goes Parabolic
Obama 2007: The American people have a right to know about and participate in the debate over U.S. foreign policy decisions and whether the nation uses military force.
Radiation Detected in Massachusetts Rain Water
Hedge Fund Bets $40 Million That Twitter Can Predict The Stock Market
“Last October, Johan Bollen and Huina Mao, professors of informatics and computing at Indiana University-Bloomington, caused a stir in the business world when they said Twitter could be used to predict the Dow Jones.
Paul Hawtin, a 28-year-old hedge fund manager, liked the idea so much that he’s now dedicating an entire hedge fund to it.
The original paper, entitled “Twitter mood predicts the stock market,” investigated whether “collective mood states derived from large-scale Twitter feeds” like OpinionFinder and Google-Profile of Mood States correlated with the value of the Dow Jones Industrial Average. What they found was that their algorithm not only paralleled market changes, it predicted them, with startling 87.6 percent accuracy.”
Read the rest here.
Comments »Cuomo Strikes Tentative Deal on N.Y. Budget With Big Cuts
Well hell, where are all the protesters? Cuomo is is cutting education, health care, and lowering taxes on high-income New Yorkers, and the people aren’t going bonkers in the streets and at the state capitol?
By NICHOLAS CONFESSORE and THOMAS KAPLAN
Published: March 27, 2011
Andrew M. Cuomo and leaders of the Legislature announced on Sunday the outlines of a $132.5 billion budget that would cut state spending, impose no major new taxes and begin a long-term overhaul of the state’s bloated Medicaid programs.
The agreement comes five days before the March 31 budget deadline, offering the prospect of Albany’s first on-time budget in five years, in what Mr. Cuomo and his counterparts in the Legislature said they hoped would signal a new day of responsible budgeting and effective government in a Capitol long criticized for its gridlock and dysfunction. The deal would end a temporary income tax surcharge on high-income New Yorkers, which some have called the “millionaire’s tax” even though it affects incomes starting at $200,000 annually.
Mr. Cuomo’s aggressive and strategic approach to negotiations appeared to have yielded significant victories, including a year-to-year cut of more than $2 billion in spending on health care and education, the two largest drivers of New York’s ever-growing budget. Mr. Cuomo and the Legislature also agreed to create a new Department of Financial Services by merging the existing state banking and insurance agencies, as well as other consolidations.”
Read the rest here.
Comments »Mining Companies May Not Meet Demand Despite Recent Expansion
Harry and David Edges Towards Bankruptcy
The maker of stupid gift baskets have fucked themselves for one final time. Only this time they will do so from bankruptcy court.
Comments »Global Quagmire to Slow Export Led Growth in America
Banks Resist Principal Write Downs for Home Owners
Depleted Uranium Bombs Dropped on Libya
Unrest in Syria (video)
[YouTube:http://youtu.be/HknkI0opFBA?a 550 400] [YouTube:http://youtu.be/IsiFxi9uRGg?a 550 400]
Comments »Correction: Radiation Levels at Fukushima Only 100,000 Times Normal
The sages at TEPCO put out a correction, saying radiation levels at plant no. 2 are 100,000 times normal and not 10 million.
Comments »Buffet on Social Networking IPOs: “Most of Them Will Be Overpriced”
The ECB Plans New Strategy For Irish Banks
Money Flow Shifts From Bonds to Equities
Caterpillar CEO Threatens to Leave Illinois
Comments »“I want to stay here. But as the leader of this business, I have to do what’s right for Caterpillar when making decisions about where to invest. “The direction that this state is headed in is not favorable to business and I’d like to work with you to change that.”
