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Aug 2, US-living on borrow time from debt disaster
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teeth53
Supreme |
02-Feb-2014 17:51
Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/101380351 Global investment bank Goldman Sachs stands accused of deliberately exploiting the sovereign wealth fund of Libya in order to make " substantial" profits of $350 million, according to a legal filing with London's high court seen by CNBC. Libyan Investment Authority (LIA), set up in 2006 to manage the country's oil wealth, claims that the bank knew of the fund's lack of financial expertise but encouraged it to enter a number of complex financial derivative transactions earning Goldman Sachs a " very large" premium. A spokesperson for Goldman Sachs told CNBC that the claims were " without merit" and that it would defend them vigorously. (Read More: Goldman's big Utah bet pays off handsomely) |
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teeth53
Supreme |
02-Feb-2014 17:49
Yells: "don't learn through life, learn to grow with life " |
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Goldman Sachs sued for $1 billion by Libya wealth fund  
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teeth53
Supreme |
02-Feb-2014 11:52
Yells: "don't learn through life, learn to grow with life " |
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Alan Greenspan, Bernanke?s predecessor created the bubble.- stepped down from Fed, many suggested he was the greatest Fed chairman ever. Ben managed to stop it. - It took a few years before his legacy was revealed to us, and few would describe him in such gushing terms today. It may be even longer before history gives us a meaningful view of what Bernanke achieved. My suspicion, however, is that history will recall him with kindness. These views and comments are those of the author alone and do not necessarily reflect the view of The Share Centre, its officers and employees |
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teeth53
Supreme |
02-Feb-2014 11:44
Yells: "don't learn through life, learn to grow with life " |
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Memories of Bernanke. S& P500 was@about1,280 the day before his 1st term started in Feb 2006. Today, it's hovering around 1,700. Of course, it's hardly been a smooth ride up. Fed Reserve Chairman Ben Bernanke delivered his monetary policy and the economic outlook to the Senate Banking Committee. One key points Bernanke made, data has been ?mixed? and ?way too early? to make a judgement on when the central bank will slow down the pace...
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teeth53
Supreme |
02-Feb-2014 11:18
Yells: "don't learn through life, learn to grow with life " |
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Another flop venture by Goldman Sachs. Denmark think  is rotten.... http://finance.fortune.cnn.com/2014/01/31/goldman-sachs-denmark/?iid=H_MKT_News Having go for none  govt help. More clean energy, thought Danes, is  a  victory. Even since  Goldman-Sachs help to hide Greece country huge debt problem from Euro leaders before Greece join EU. Then.... Then someone got wind of the fact that the largest investor in the deal was going to be Goldman Sachs, that Goldman Sachs. Since then, all heck has broken loose in Copenhagen. There has been a public outcry against the deal, mostly because of Goldman's (GS) involvement. One protestor called the investment bank " completely criminal." And Danes seemed to have found all types of evidence to back that up. Articles in the Danish press have accused Goldman of causing the financial crisis and " profiting from cluster bombs," which a MarketWatch article says are unpopular in Denmark, but I guess popular somewhere else. About 200,000 people signed a petition to stop the deal. And a national poll found that 68% of Danes were against it. |
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teeth53
Supreme |
01-Feb-2014 00:17
Yells: "don't learn through life, learn to grow with life " |
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teeth53
Supreme |
30-Jan-2014 13:58
Yells: "don't learn through life, learn to grow with life " |
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Korean start CNY with news on new unclear plant construction. South Korea, ranks fifth globally in nuclear power generation. No. 1 reactor (R) and No. 2 reactor of state-run utility Korea Electric Power Corp (KEPCO) are seen in Ulsan, about 410 km (255 miles) southeast of Seoul, September 3, 2013. REUTERS. South Korea approved on Wednesday a $7 billion project to build two nuclear plants. Greenlight for the plants comes only two weeks after Asia's fourth-largest economy announced a policy shift to cut its reliance on nuclear power to 29 percent of total power supply by 2035, down from a planned 41 percent by 2030. State-run utility Korea Electric Power Corp (KEPCO). Led consortium won a contract in 2009 to build four nuclear reactors in the United Arab Emirates and started construction in mid-2012. Over the next two decades, its state-run industry were builds at least 16 new domestic reactors and is pushes for overseas sales. SAFETY CONCERNS An anti-nuclear power group said by backing more plants the govt was not taking into account worries over safety. " In this sense, it shows the govt is ignoring concerns triggered by the Fukushima case, urging them not to use nuclear power," a rep of the Energy Justice Action grp. South Korea has 23 nuclear reactors, which generate about a third of its electricity and any move away from nuclear would mean it had to spend billions of dollars to pay for extra fossil fuel. On Wednesday, South Korea shut down one nuclear power plant due to a technical glitch, taking the number of reactors closed to four and increasing the risk of power shortages over winter. The new plants approved on Wednesday will be on top of five nuclear power plants already under construction and another four planned, including one that will be completed in July this year. But Seoul has faced public pressure to curb its use of nuclear power after Japan's Fukushima disaster and to rebuild confidence in the industry. Over  a scandal on parts supplied using fake certificates. http://www.thestar.com.my/News/World/2014/01/29/South-Korea-approves-7-billion-reactor-plans-in-boost-for-nuclear-power/ |
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teeth53
Supreme |
15-Nov-2013 21:09
Yells: "don't learn through life, learn to grow with life " |
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Yellen's defence of stimulus lifts FTSE Reuters ? 13 minutes ago Futures rising on Yellen testimony AP http://sg.finance.yahoo.com/news/ftse-rises-yellen-defends-stimulus-093400429.html |
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Peter_Pan
Supreme |
15-Nov-2013 19:23
Yells: "kopi-o siu dai mai hum!" |
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goodo goodo happi happi everybuddy huat huat
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aysaibey
Senior |
15-Nov-2013 18:15
Yells: "Listen to the Wind. - Kungfu Master." |
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Maybe the US need to be on steroids forever.  The only other solution is to get new blood. Which will see choose? New blood means new immigrants. Can restructure? Can . Canada and South America are still low lying friuts still be picked, Yellon.   
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teeth53
Supreme |
15-Nov-2013 17:32
Yells: "don't learn through life, learn to grow with life " |
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On Dr Janet Yellen. The benefits continue to outweigh the costs.
" It's important not to remove support, especially when the recovery is fragile," she said. " I believe it could be costly to withdraw accommodation or to fail to provide |
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teeth53
Supreme |
15-Nov-2013 17:29
Yells: "don't learn through life, learn to grow with life " |
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http://money.cnn.com/2013/11/14/news/economy/janet-yellen-confirmation-hearing/index.html?iid=Lead Smooth sailing for Yellen.......... |
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teeth53
Supreme |
03-Nov-2013 21:44
Yells: "don't learn through life, learn to grow with life " |
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http://sg.finance.yahoo.com/news/obamas-health-law-finally-gets-124027848--finance.html Americans see potential for winners and losers under health law, causing anxiety and confusion.Associated Press  - Americans start figuring out that President Barack Obama's health care law goes beyond political talk, and really does affect them. It's not whether an expert thinks something is a better insurance policy, it's whether people perceive it that way."
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teeth53
Supreme |
20-Oct-2013 12:41
Yells: "don't learn through life, learn to grow with life " |
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http://www.bloomberg.com/news/2013-10-18/fed-qe-taper-seen-delayed-to-march-as-shutdown-bites.html The Federal Reserve will delay the first reduction in its bond purchases until March after the govt shutdown slowed fourth-quarter growth and interrupted the flow of data, economists said. Policy makers will pare the monthly pace of asset buying to $70 billion from $85 billion at their March 18-19 meeting, according to the median of 40 responses in a Bloomberg News survey of economists. The 16-day budget impasse in Washington reduced growth by 0.3 percentage point this quarter, economists said in the survey. |
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teeth53
Supreme |
17-Oct-2013 22:51
Yells: "don't learn through life, learn to grow with life " |
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Economists are adding up the collateral damage from the budget battle, including one estimate of a $24 billion bite out of the GDP. » Read More http://www.cnbc.com/id/15837362 |
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teeth53
Supreme |
17-Oct-2013 22:48
Yells: "don't learn through life, learn to grow with life " |
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Wednesday voted to re-open govt and extend its borrowing through Feb 2014. This deal did nothing to resolve the underlying disputes that led to the crisis in the 1st place leading many to fear that the standoff may play out again in a few mths. The plan sets up a forum to try to forge a more permanent budget deal, but few expect it to succeed.
" We have crisis after crisis after crisis and it has a corrosive impact on the economy."   " Most CEOs spoken. They said, U.S. is  seeing a slowdown in business because of this. |
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teeth53
Supreme |
17-Oct-2013 22:40
Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/101120175 Consensus maybe hard to come by, to  find in Washington these days. Down-to-the-wire budget and debt crises, indiscriminate spending cuts and a 16-day govt shutdown may not be enough to push U.S. economy back into recession. Washington's policy blunders in recent years have significantly slowed economic growth and kept roughly 2 million people out of work, according to recent estimates. Steep spending cuts are a big reason. But the governance-by-crisis also may be prompting businesses to sit on their cash rather than building new factories, buying more equipment and hiring more workers. Many corporate executives and economists seem to agree on one point: Biggest risk to the world's largest economy may be its own elected representatives. |
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teeth53
Supreme |
17-Oct-2013 12:58
Yells: "don't learn through life, learn to grow with life " |
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Updated 12:31 a.m. President Barack Obama signed a last-minute Congressional deal early Thursday morning to avert a damaging debt default and to reopen the government after a more than two-week shutdown. The Office of Management and Budget said previously furloughed federal workers should report to work Thursday morning and Congressional leaders began to appoint budget negotiators to find a longer term budget solution. U.S. House of Representatives voted to pass the stopgap bill shortly after 10 p.m. Wednesday. It got through relatively easily: 285 members voted for the legislation and 144 against it. After much opposition, House Speaker John Boehner was one of 87 Republicans to vote for the plan Representative Paul Ryan was among those who voted against it. The deal that emerged on Wednesday basically give Obama what he has demanded for months: A straight-forward debt limit hike and government funding bill. The deal extended U.S. borrowing authority until Feb. 7, although the Treasury Department would have tools to temporarily extend its borrowing capacity beyond that date if Congress failed to act early next year. It would also fund government agencies until Jan. 15. The deal includes some income verification procedures for those seeking subsidies under the healthcare law, but Republicans surrendered on their attempts to include other changes, including the elimination of a medical device tax used to help pay for it. The hawkish president of the Federal Reserve Bank of Dallas, told Reuters on Tuesday that " reckless" U.S. fiscal policy will likely force the Federal Reserve to stand pat on monetary policy this month rather than reducing bond purchases the central bank has used to help support the economy.
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teeth53
Supreme |
17-Oct-2013 08:41
Yells: "don't learn through life, learn to grow with life " |
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http://www.bloomberg.com/news/2013-10-17/senate-passes-accord-to-end-shutdown-as-house-set-to-act.html The Senate voted 81-18 to halt the 16-day government shutdown and raise the U.S. debt limit, moving one step closer to ending the nation?s fiscal impasse. The House of Representatives plans to vote later tonight and President Barack Obama supports the agreement. The Senate acted the day before U.S. borrowing authority was scheduled to lapse as Congress engaged in its fourth round of fiscal brinkmanship in less than three years. |
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teeth53
Supreme |
17-Oct-2013 07:59
Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/100968089 Senate Majority Leader Harry Reid and Republican leader Mitch McConnell announced the agreement on the Senate floor, where it was expected to win swift approval after a main Republican critic of the deal, Senator Ted Cruz of Texas, said he would not use procedural moves to delay a vote. Weeks of bitter fighting among Democrats and Republicans over President Barack Obama's signature healthcare reform law led to a partial government shutdown on Oct. 1, sidelining hundreds of thousands of federal workers. Cruz and other Republicans backed by the conservative, small government Tea Party movement want to repeal or delay the healthcare law. |
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