Saturday, August 31, 2013

China official manufacturing PMI rises to 51 in August

Growth in China's manufacturing sector picked up further in August, with the official purchasing managers' index rising to 51 from July's 50.3, better than expectations and further evidence of a stabilization ...

by via Yahoo! Finance: Top Stories

Verizon nears $130 billion wireless deal, to finance about $65 billion: sources

The boards of Verizon Communications and Vodafone Group Plc are expected to vote this weekend on a $130 billion transaction, funded by about $65 billion of debt, to give the U.S. telecom giant complete ...

by via Yahoo! Finance: Top Stories

Verizon near $130B wireless deal and plans to finance about $65B, Reuters says

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Ford recalls 370,000 Lincoln, Mercury, and Ford sedans, Reuters says

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Delta, Virgin get initial antitrust approval for venture, WSJ says

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Verizon nears $130 billion wireless deal, to finance about $65 billion: sources

Verizon Communications is near a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group Plc and plans to raise about $65 billion to fund the purchase, ...

by via Yahoo! Finance: Top Stories

ZTE Corp. increases lobbying amidst blacklisting, Bloomberg says

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Coca-Cola Femsa acquires Spaipa S.A. Industria Brasileira de Bebidas in Brazil

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Suntech announces developments in restructuring process

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Isis reports interim Phase 2 data on ISIS-APOCIIIRx

See the rest of the story here.



Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active traders, and corporate executives informed on what's moving stocks. Sign up for a free trial at theflyonthewall.com to see what Wall Street is buzzing about.

by via theflyonthewall.com

Ford recalls 370,000 Lincoln, Mercury, and Ford sedans

Ford Motor Co is recalling about 370,000 model year 2005 to 2011 Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Car sedans in the United States and Canada to fix a steering shaft issue, the ...

by via Yahoo! Finance: Top Stories

Syria: Senior US officials to hold unclassified conference calls with Republican and Democrat senators (ForexLive)

Calls to be made Saturday afternoon



Just out on Reuters









Originally Published on FX Times



by InformedTrades via InformedTrades

Journal from the battlefield; Tales of the ever swinging ES Futures

Hey everyone :tiphat:



Through this journal it is my intention first and foremost to keep track of my progress. Besides that I will discuss and reflect on psychology, strategy and backtesting, and my interest in fallacies.



Over the past weeks I have dived into the S&P futures market yet again, after 4-5 months of strict focus on the forex markets(which I still update on my blog).



I used to try and swing trade the ES futures on tick charts - with trades lasting on average a few minutes. Back then I felt rather certain that I was just about to have my breakthrough, that my equity curve would start rising somewhat consistently. This didn't happen however, and I would often have a small win one day just to have a small loss the next - overall a progress that seemed somewhat arbitrary.



Things that worked well 'back then' :



-Slavishly keeping to trading plan(see my blog)



Things that presented difficulty :



-Being to eager to close trades(limiting risk too much)



by supertramp via InformedTrades

Friday, August 30, 2013

[video] "Behind the Biz" with CNBC's Brian Sullivan (CNBC)




by InformedTrades via InformedTrades

[video] "Behind the Biz" with CNBC's Becky Quick (CNBC)




by InformedTrades via InformedTrades

[video] "Behind the Biz" with CNBC's Steve Liesman (CNBC)




by InformedTrades via InformedTrades

[video] The Best Advice from CNBC HQ -- "Behind the Biz" with the CNBC Interns (CNBC)




by InformedTrades via InformedTrades

Gold Broke Through $1,400; What's Next? (Kitco NEWS)




by InformedTrades via InformedTrades

Regulators Agree on Global Swap Rules Ahead of G20 Summit

Finance watchdogs on Friday laid out joint rules for the $630 trillion derivatives industry that was at the core of the 2007-09 credit meltdown, in a report to the most powerful economies in the world.

by via Yahoo! Finance: Top Stories

The Jobs That Could Save the Middle Class

If you’re a teacher or electrician, there’s a lot riding on your shoulders. The U.S. economy has stagnated because there aren’t as many well-paying middle-class jobs as there used to be.

by via Yahoo! Finance: Top Stories

Microsoft Gives ValueAct President Option to Join Board

Microsoft Corp said it signed an agreement with ValueAct Capital Management LP that provides the activist shareholder's president Mason Morfit an option to join Microsoft's board after the technology company's ...

by via Yahoo! Finance: Top Stories

Would A Shopping Cart Mirror Showing Your Fat Face Make You Buy More Vegetables?


Could you look yourself in the eye, then load your grocery cart up with root beer and ice cream bars? No, literally. Stakeholders ranging from from physicians to grocers want Americans to buy (and eat) more fresh produce and less junk food, but how can they do that without a complete overhaul of the food system? With gentle nudges.

Maybe the nudge mentioned in the title of this post isn’t so gentle. Cornell University researchers came up with the idea, but haven’t fully implemented it yet. The theory behind it is that people might glimpse themselves in the mirror, suddenly remember that they’re fatter than they would like to be, and make healthier food choices. This theory remains unproven, but one weight control researcher who is not part of the project spoke to the New York Times in praise of it. “For those who are overweight, it might elicit the sense of, ‘Oh, I need to lose weight’,” he speculates. “Or, ‘I don’t like to see myself because I’m so big,’ which might lead to choosing healthier food.” Or covering up that mirror with a great big frozen pizza box. One of those.


Other nudges try to get more fresh foods in carts without making anyone feel bad about themselves. It’s tricky. One method that has worked is a simple social norms campaign. When researchers put a sign in every cart spelling out how many pieces of produce other customers usually buy on each shopping trip and what types are the most popular, produce sales surged. A series of green arrows on the floor pointing to the produce section? That encouraged shoppers to go there, browse, and buy more produce. Another method marked off the front half of shopping carts as designated for fresh fruits and vegetables.


The problem is that nudging people means not metaphorically hitting them over the head. When researchers combined two strategies–say, putting a social-norms placard in each cart as well as marking the path to the produce section on the floor–


You might not realize it given the massive amounts of shelf space and special displays devoted to salt-laden snacks and fizzy sugar water in your neighborhood grocery store, but the profit margin for supermarkets is higher for fresh food than for most other things in the store. While participants in these various “nudge” studies bought more fresh produce, they still spent the same amount of money. That could mean shoppers are buying less crap and more fruit. That’s good news for grocery stores, businesses with a tiny profit margin, as well as…well, pretty much everyone else.


Incidentally, when I sat down to write this post, I felt compelled to get a peach out of the refrigerator.


Nudged to the Produce Aisle by a Look in the Mirror [New York Times]






by Laura Northrup via Consumerist

TSX closes lower

Manulife private pool amends investment strategies

Wall Street Falls, Heading for Worst Month Since May 2012

U.S. stocks dipped in weak volume on Friday, with the S&P 500 on track for its worst month since May 2012 as investors held off making large bets before a long weekend with the situation in Syria still uncertain.

by via Yahoo! Finance: Top Stories

CFTC Commitments of Traders: Big bets on gold and big bets against CAD (ForexLive)

Futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, August 27, 2013:


  • EUR net long 40k vs long*37k prior

  • JPY net short 78K vs short 72K prior

  • GBP net short 38K vs short 40K prior

  • AUD net short 71K vs short 63K prior

  • CAD net short 25K vs short 10K prior

  • CHF net long 1k vs long 1K prior

  • Dollar Index net long 12K vs 12K prior


CAD is the number that jumps out as the market piled into bets against the loonie after months of hibernation. In the lining of the report, gold longs continue to accelerate to +97K from +73K last week and +56K the week before.



Speculative gold longs CFTC – latest is 97K











Originally Published on FX Times



by InformedTrades via InformedTrades

Regulators commit to OTC derivatives reforms

Italy's Banca Marche put under special administration

Italian lender Banca Marche has been placed under special administration by the Bank of Italy, becoming the biggest casualty so far of an extended round of balance sheet inspections by the central bank. ...

by via Yahoo! Finance: Top Stories

[video] When One Trade Ends, Another Begins (Vic Noble)




by InformedTrades via InformedTrades

Have A Very Hyundai Christmas, In Late August

Maybe they sent out the wrong mailing at the wrong time. Maybe they’re planning way ahead. Or maybe Gabriel’s local Hyundai dealership is putting whatever random crap gets people to open messages from them in the subject lines of their e-mails. In Gabriel’s case, it worked. He opened it.


hyundai_christmas


“You think Costco is bad with Christmas creep?” he wrote when he forwarded us this e-mail. “My Hyundai dealer has apparently already given my Christmas present!”


It’s not a very good present, either. The opportunity to book a service appointment? Nobody asks Santa for that.






by Laura Northrup via Consumerist

Apple rolls out iPhone trade-in program in U.S. stores

Apple Inc has launched a trade-in program in its U.S. retail stores for older models of its iPhone as it gears up for the launch of a new version of the smartphone, it said on Friday. Apple will give customers ...

by via Yahoo! Finance: Top Stories

Wall St. extends losses as Kerry speaks on Syria

U.S. stocks extended losses on Friday as U.S. Secretary of State John Kerry said the U.S. is not alone in its will to act following the Syrian chemical weapons attack. The Dow Jones industrial average ...

by via Yahoo! Finance: Top Stories

Exclusive: America Movil says has no intention of raising KPN offer

Carlos Slim's telecoms company America Movil said on Friday it had no intention of raising its 7.2 billion euro offer for Dutch peer KPN after a company foundation told the Mexican firm to make a higher ...

by via Yahoo! Finance: Top Stories

Trial date of November 25 set for U.S. challenge to AMR-US Airways merger

A federal judge on Friday set a tentative November 25 trial date for the U.S. government's legal challenge to the merger of American Airlines and U.S. Airways Group Inc . Judge Colleen Kollar-Kotelly, ...

by via Yahoo! Finance: Top Stories

GE plans to exit U.S. retail lending

General Electric Co plans to spin off the U.S. consumer lending operations of its finance arm GE Capital, as the conglomerate moves to focus on its core industrial operations, a person familiar with the ...

by via Yahoo! Finance: Top Stories

America Movil threatens to abandon KPN takeover bid

America Movil threatened to abandon its 7.2 billion euro bid for Dutch telecommunications group KPN on Friday after a company foundation told the Mexican firm to make a better offer or it would veto the ...

by via Yahoo! Finance: Top Stories

Analysis: As a credit crisis hangover ebbs, company debt costs to rise

It's taken nearly five-years, but one of the most persistent bond market dislocations left behind by the financial crisis has finally dissipated, likely signaling that the days of super-cheap corporate ...

by via Yahoo! Finance: Top Stories

Power company Longview seeks bankruptcy, blames Siemens

Longview Power LLC filed for Chapter 11 bankruptcy on Friday and blamed a unit of Germany's Siemens AG for glitches at Longview's $2 billion West Virginia power plant that left it unable to pay its debts. ...

by via Yahoo! Finance: Top Stories

Ansaldo Breda says ready for legal action over rail deal

Train manufacturer Ansaldo Breda, a unit of Italian defence company Finmeccanica , said it was ready to take legal action against Dutch railways group Nederlandse Spoorwegen for cancelling a 300 million ...

by via Yahoo! Finance: Top Stories

What To Binge-Watch If You’re Staying In This Holiday Weekend


Sad that the summer holiday season is ending? Or maybe you’re burned out and cash-poor from going out too frequently? If you’re stuck inside this weekend, you might as well close the curtains, crack open some snacks and binge-watch entire seasons of shows like Orange Is the New Black, The Fall, and Vikings. The folks at AVclub.com have curated a list of 26 shows you could cram into a weekend (not at once, unless you are able to watch several TVs simultaneously without losing your grip on reality), along with info on where to stream each show. [AVclub.com]



by Chris Morran via Consumerist

Woman Shocked To Find Funeral Home Put Her Son’s Ashes In Walmart Bag Inside Urn


While we might not be aware of where our mortal remains reside after we’re gone, one young man’s mother is upset that a funeral home confined his ashes to a plastic Walmart shopping bag. She discovered the bag job a year after he passed away, and calls it a “disrespectful” move on the part of funeral home.


WCPO.com spoke to the mom, who said that from the age of 15, her son had said he wanted to be cremated. So when he passed away at the age of 17 last September from cardiomyopathy, the family knew exactly how to handle his remains. Unfortunately, what his mother envisioned and what she found were two different things.


“I just wanted to hold my baby one last time. So I opened the urn, and found a Walmart bag in the urn. The funeral home had put my son’s ashes in a Walmart bag,” she told the station.


But the county coroner/funeral director at the Kentucky funeral home in question says the family had asked for the remains to be divided into four, something he usually doesn’t do. No bags were provided for the inside of the containers, which didn’t seal. So, he says, he “used the bags that I had” to keep the ashes from spilling. He adds that he trimmed off any logos or print, but the young man’s mom says she could still tell it was Walmart.


The woman’s ex-husband isn’t bothered by the funeral home’s decision, and still keeps his son’s ashes in the Walmart bag.


“It could have been [bad judgment to use the Walmart bags],” he admits. “Was anything done maliciously? No…It may have been a split second lack of judgment, but they were also looking out for our best interest because the containers we provided did not seal.”


The boy’s mother isn’t satisfied with that explanation, and took the ashes to another funeral home to have them transferred to a clear plastic bag. She’s contacted the Kentucky Attorney General’s office and the Board of Embalmers and Funeral Directors to file complaints.


“I don’t care who you are, it’s not right to put a human person’s ashes in a Walmart bag…It is still disrespectful. You don’t do that to a parent who has lost their child. You don’t do that to anyone. I just want to make sure that this never happens again to another person,” she said.










Amelia woman shocked after finding son’s ashes in Walmart bag [WCPO.com]






by Mary Beth Quirk via Consumerist

Even The Tooth Fairy Isn’t Immune To Inflation


Attention, all you Tooth Fairies out there: The kids you’re visiting are talking on the playground about what kind of haul you’re putting under pillows, and that’s not good for you. Inflation is hitting bedsides across the land, as kids are getting an average of $3.70 per tooth, a 23% spike over last year. All because parents don’t want their child to be the one with the smallest dental payout. [via the Associated Press]






by Mary Beth Quirk via Consumerist

Kellogg’s Crunchy Nut Loses One Ounce, Box Gets Taller

I wish I could lose 7% of my body mass and get taller at the same time, but I’m out of luck…because I’m not a box of cereal. Reader Panda discovered that this amazing change has come to Kellogg’s Crunchy Nut cereal. It was hit by the Grocery Shrink Ray, but at the same time sustained a hit from the Box Growth Ray. Which might be a thing.


In all of these photos, the older, larger box is on the right.


crunchynut


The box does become just a bit more slender to make up for the increase in height.


crunchynut-side


Oh, well. You won’t miss one fewer bowl of cereal in the box, will you?


crunchynutshrinkage






by Laura Northrup via Consumerist

Americans Think They Earn More Than They Do

Nearly 60% of Americans say they’re earning more money now than they were five years ago, according to a new Gallup poll. But the most reliable data show that incomes have been falling, not rising.

by via Yahoo! Finance: Top Stories

‘Housing Bubble’ Deflated By Rising Rates

As home loan applications slide and mortgage rates rise, the housing recovery is showing its age.

by via Yahoo! Finance: Top Stories

Apple’s Late Entry to Music Streaming Could Still Outplay the Field

The streaming music business is bracing for the entry of a brand-new player — but one that may become an instant giant.

by via Yahoo! Finance: Top Stories

Wall Street Lower in Volatile Trade After Kerry speaks on Syria

U.S. stocks extended losses on Friday as U.S. Secretary of State John Kerry said the U.S. is not alone in its will to act following the Syrian chemical weapons attack.

by via Yahoo! Finance: Top Stories

Krispy Kreme Punished After Earnings Fall Short

When your stock is up 148% since the start of 2013 and 216% in the past year, you can't afford missteps, even minor ones, and still expect forgiveness. That was clear with Krispy Kreme Doughnuts (KKD), whose shares were slumping … Continue reading →

by via Yahoo! Finance: Top Stories

Are McDonald’s Mighty Wings To Blame For Higher Chicken Prices?


Even though you can get chicken wings at any number of restaurants and bars across this great nation — and they are incredibly easy to cook at home — some people are still excited by the notion that they’ll be able to get “Mighty” wings from McDonald’s starting next week. But are these wings going to cause the price of chicken to soar?

Businessweek recently made the case that McDonald’s plan to sell some 250 million wings during the upcoming offering is going to have an impact on the rest of the chicken market.


McDonald’s began testing the wings last year, and one analyst figures that the fast food chain began stockpiling wings around 18 months ago, which is around the same time as the wholesale price of chicken wings shot up around 200% in just a few months, peaking in early 2013 (right about the same time as two men in Georgia tried to cash in on the crazy wing prices by stealing $65,000 worth of frozen wings).


Since then, the wholesale price has dipped, but is still significantly higher than it was two years ago.


Usually, when there is a high demand for wings, the price of breast meat usually takes a tumble, but in the last year-plus, while wing prices were high, breast prices were inching upward and recently spiked in the spring.


Businessweek has an answer for that, pinning it on the rollout of chicken-filled McWraps in the spring of 2013.


In response to these claims, McDonald’s would only say, “We manage our grocery bill like a portfolio and use a customized approach for every commodity. Commodities vary year to year and it is business as usual for us in that space.”


McDonald’s plans to end the Might Wings promotion in November, at which point football season will be in full swing, so expect the price of wings to stay high until at least after the Super Bowl. Then maybe get yourself a chest freezer for the basement and stock up when prices hopefully bottom out in the spring.






by Chris Morran via Consumerist

Secrets of the World’s Best Amusement Park

This Labor Day weekend marks the unofficial end of summer and millions of Americans will take to the beaches and lakes across the country. Many more will flood the gates of the country's many amusement parks. Among those parks is one sitting on a spit of land on Lake Eerie. For the last 15 years, [...]

by via Yahoo! Finance: Top Stories

The Marilyn Monroe, Michael Jackson Business Advantage Miley Lacks

Though Marilyn Monroe passed away in 1962, she still has an advantage over today’s starlets like Miley Cyrus when it comes to her career. Yes, even postmortem. And we use Cyrus as an example because everyone is still talking about her weird, cringe-worthy, twerk-tastic VMA performance. Cyrus’ unexpected performance – similar to a Lindsay Lohan [...]

by via Yahoo! Finance: Top Stories

Jury Orders Domino’s To Pay $32M In Lawsuit Over Deadly Crash Involving Delivery Driver


A Texas jury is holding Domino’s Pizza partially responsible for a car accident involving a delivery driver that killed one woman and left her husband with brain damage. The victims’ family claimed that it was Domino’s fault that the driver was driving in a car with allegedly bald tires. The jury agreed, awarding the family $32 million and saying that Domino’s should have had inspection rules in place to keep such a vehicle off the road.


The jury says Domino’s was negligent, reports KFDM.com, and ultimately 60% responsible because it didn’t enforce its vehicle inspection policy with franchisees.


“Domino’s simply refused to enforce the basic safety rules for the safety of the vehicle, that gets back to the fact that we had a set of tires on this particular delivery vehicle that by everybody’s admission were unsafe, defective, dangerous.”said an attorney for the family, adding that the promise of delivery in 30 minutes is also to blame.


“We also learned that Domino’s enforces a tragically unsafe delivery method by providing bonuses and other incentives for fast delivery,” he said.


It was raining at the time of the accident, said the attorney, and the delivery driver reportedly hydroplaned into oncoming traffic, slamming into the couple’s vehicle.


A Domino’s spokesman issued a statement on the $32 million award, noting that while the company is sorry for the family’s loss, Domino’s shouldn’t be held responsible for the franchisee’s driver.


“First, our hearts go out to all involved in this tragedy. This was a terrible accident. What’s difficult to comprehend is the idea that a corporation is responsible for whether an independent franchise employee is driving on bald tires. The employee is in question did not work for us; he worked for an established independent franchise operation. Franchisors do not control the day-to-day operations of franchisees, especially to that minute level of detail. We are saddened by this tragedy, but do intend to appeal the decision.”


$32 Million Verdict Against Domino’s Pizza [KFDM.com]

SE Texas jury finds Domino’s partially responsible for deadly crash, awards $32M in lawsuit [Associated Press]






by Mary Beth Quirk via Consumerist

Industry remains too dependent on credit ratings: FSB

McDonald’s Strikes: A Sign the Labor Movement Is Staging a Comeback?

Labor organizer Kendall Fells who led striking workers in New York City during Thursday’s nationwide one-day strike of fast food workers, says it looks like the labor movement is getting a 'second wind.'

by via Yahoo! Finance: Top Stories

RadioShack Is Cleaning Up Its Stores in Bid to Revive Sales

Prototype stores have a cleaner look, a change from the tangled collection of cables, cords, adapters, and batteries that most customers associate with RadioShack.

by via Yahoo! Finance: Top Stories

Apple Announces Its iPhone Trade-In Plan — Get Up to $280 for an Old iPhone

Starting today, Apple is letting current iPhone owners trade in their older iPhones for up to $280 back in store credit toward the purchase of a new iPhone.

by via Yahoo! Finance: Top Stories

Now That You’re Done With Your Summer Travels, Gas Prices Are Lower Than Last Year’s

Year-over-year gas prices are lower heading into the Labor Day weekend, mostly because prices aren't taking off like they did last August.

Year-over-year gas prices are lower heading into the Labor Day weekend, mostly because prices aren’t taking off like they did last August.



After a summer during which the average gas price in the U.S. was frequently higher than what consumers paid 12 months earlier, the last few weeks have seen a leveling off of prices at the pump. In fact, the average price per gallon is the lowest it’s been in a few years. Of course, this happens after you spend your retirement savings driving the kids to Wally World for vacation.

According to the U.S. Energy Information Administration, the average price per gallon currently sits at $3.55, $.13 lower than this summer’s peak in late July. In 2012, gas prices actually dipped during the middle of the summer, reaching around $3.40/gallon, but then began rising quickly in August. So between the current, somewhat flattened price, and last year’s rapid increase, folks getting out for one last road trip this International Bacon Day weekend are paying $.19 less per gallon on average than they did a year ago, and $.03 less than during the same time period in 2011.


Of course, GasBuddy.com’s historic chart of the last ten years of prices shows just how much prices have soared (and briefly, mercifully sank in 2009) since 2003.


A little bit of gasoline-scented nostalgia to make you pine for $1.70 gas.

A little bit of gasoline-scented nostalgia to make you pine for $1.70 gas.



It should be pointed out that we’re only talking about the national average gas price here, as retail prices vary widely depending on where you are. Many densely populated parts of the country, including New York and Connecticut, some major metro areas in the Great Lake states, and the California coast, are generally paying above the national average. Meanwhile, the areas where you’re most likely to find prices below the national average includes the cluster of Louisiana, Mississippi, Alabama, Arkansas, Tennessee and Missouri, along with South Carolina, Virginia, Texas, and parts of the Southwest.


gasbuddy2






by Chris Morran via Consumerist

Central Bank News Link List - Aug 30, 2013: Emerging markets plan joint offshore FX intervention-Indian official

Here's today's Central Bank News' link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don't miss any important news.



































































































































































































































































































































































































































































Go to Original Story



by InformedTrades via InformedTrades

Actual Living, Breathing Human Wins Publishers Clearing House Prize Of $5K A Week — Forever


Every time the doorbell rang when I was growing up, I knew without a doubt that it would be the prize crew from Publishers Clearing House on my doorstep with a big, fat check, and that I’d be able to keep myself in LEGO, Barbies and Pixie Sticks for a lifetime. But the actual odds of winning PCH’s “Forever” Prize — $5,000 per week for life — are about 1 in 1.215 billion.* As such, the doorbell usually heralded the Fuller Brush Man or one of my neighborhood pals, and I had to find money in the lemonade stand.


So just imagine the joy of a real, actual, living, breathing human who beat those seemingly insurmountable odds and had the real Prize Crew show up on his doorstep, complete with balloons, a giant check and smiling faces.


FOX 2 Now in Illinois says the 26-year-old man is the youngest person to ever win the Forever Prize, a fact that may have been lost on the fella during the hubbub. Of course, when confronted with 20 people, a ginormous check and a camera crew, anyone would be stunned.


His sister was on cue, however, screaming: “Are you kidding me?”


Nope. The man had ordered World War II magazine recently and entered the sweepstakes, and said he didn’t think he’d ever win. His mother had plenty to say, noting that her son had lost his job last year.


“It’s just that we live payday to payday,” she explained.


First things first: He’ll be buying a new car. Then, might we suggest, a large frame for that life-changing check?




*According to the official rules, as seen here.


Illinois mans wins Publishers Clearing House “Forever Prize” [FOX 2 Now]






by Mary Beth Quirk via Consumerist

Summer Wrap-Up: Market Volatility Could Last

'A return to volatility' is what Hank Smith, chief investment officer at Haverford, says is the stand-out theme of the season gone by, as the concept of the Fed tapering roiled stock, bond, currency, and commodity markets.

by via Yahoo! Finance: Top Stories

American Airlines and US Air Merger Will Be Approved: Najarian

American and US Air will likely be allowed to merge, albeit with major concessions, says Jon Najarian of OptionMonster.

by via Yahoo! Finance: Top Stories

Canadian economy slows in Q2

Outdoor Enthusiasts Flock to Cabela’s, Investors Follow

Americans love the outdoors so much that, even when indoors, they spend huge expanses of time and forests of money celebrating leisure time in the wild.

by via Yahoo! Finance: Top Stories

Thursday, August 29, 2013

[video] Monetizing Music - TIESTO (CNBC)




by InformedTrades via InformedTrades

[video] Monetizing Music - Armin van Buuren (CNBC)




by InformedTrades via InformedTrades

[video] Monetizing Music (CNBC)




by InformedTrades via InformedTrades

[video] Monetizing Music- AFROJACK (CNBC)




by InformedTrades via InformedTrades

Raiders Of The Lost Walmart Remain Lost In 2011

The Raiders of the Lost Walmart search the retail landscape without ceasing for the finest and least valuable retail antiquities. What items have they found recently that you should absolutely not ever buy?


Brian snapped this picture of some PC games that debuted in 2004 still on the shelves of his local Walmart.


everquestII


tribes


“Granted, at least Everquest II is still receiving new expansion packs,” he notes. “I guess their presence on the shelves is a testament to their long-lasting popularity!” That means that it has plenty of loyal players, but is anyone new picking up the game?


Brandon sent along this atlas from the shelves of his local Big Lots. Sure, Big Lots is a closeout retailer, and things probably haven’t changed that much since 2011, but maybe they have.


atlas


Finally, how’s our old friend the MobiBLU MP3 player doing? It cost $110 in April of this year, and at another store was down to $60. Frequent Raider Knah spotted one at his local Walmart this week and sent it in. How much is it now?


mobiblu_109


Well, that’s unfortunate. Wait a minute, though…how long has this player been sitting in the clearance aisle?


mobiblueprice


That’s even more unfortunate.






by Laura Northrup via Consumerist

Alleged Affair of Google Co-Founder Brin Raises Ethical Issues

Google co-founder Sergey Brin’s alleged affair with a Google employee is raising questions about potential conflicts of interest, damage to morale and the company’s relationship-conduct rules.

by via Yahoo! Finance: Top Stories

e3m granted registration exemption

Water, Water, Everywhere And Not A Drop To Drink (Unless You Like Swallowing Worms)


Residents of a northeast Oklahoma town are turning off the tap and reaching for bottled water after some unwelcome visitors decided to take a dip in the city’s filtering system: Little red worms have been found in the filtering system. As such, city officials are asking citizens not to drink the water or use it for cooking while the problem gets sorted out.


The worms range in length from a half-inch to an inch long, reports the Associated Press, and were found wiggling about in the drinking water supply this week. The water was temporarily turned off until yesterday, while workers cleaned, drained and then re-cleaned the water tower.


“We are still looking into this problem. I mean we need to get to the bottom of it and we will continue to investigate and do pretty much what we need to do to find out what happened here,” said a city councilman.


In the meantime, unless residents want a mouthful of worm surprise, residents are being warned not to use the water for anything that would go past your lips.


This kind of worm activity is common in the southeastern United States, said a spokeswoman for the Oklahoma Department of Environmental Quality, but it’s a bit odd to have it happening in Oklahoma.


Red worms are annoying, but don’t pose any health risks, say experts. Unless you freak out in the middle of swigging a glass full of worms and start choking in disgust. That could be dangerous.


Worms in the water: Oklahoma town can’t drink from tap [Associated Press]






by Mary Beth Quirk via Consumerist

Daily Forex Update: NZD/JPY (AutoChartist)

By: Dima Chernovolov



This technical analysis report is based upon a trade opportunity taken from Autochartist’s Market Reports.







Autochartist recently identified the daily Down Channel chart pattern on the NZD/JPY charts – as you can see from the following trade opportunity alert for this currency pair. NZD/JPY is expected to break this Down Channel and then to rise to the target level 77.58 in the next 2 trading days. Autochartist sets the stop-level for this forecast at 75.1065 (point A, the bottom of this chart pattern). This point was formed recently when the pair reversed up from the combined support area lying at the intersection of the strong support level 75.00 (which had previously reversed the pair sharply up in February and in June) and the 38.2% Fibonacci Retracement of the preceding weekly upward price impulse from November of 2011 (as you can see on the second chart below).






The following weekly NZD/JPY chart shows the aforementioned support levels:






To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on*‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.



















For further information on this and other Autochartist products visit www.autochartist.com







Originally Published on FX Times



by InformedTrades via InformedTrades

Jigsaw Trading - NinjaTrader Partner Presentations - 8/28/2013 (NinjaTrader, LLC)




by InformedTrades via InformedTrades

Wall Street Climbs on Rosy Data, Homebuilders Rally

U.S. stocks rose on Thursday as data pointed to better-than-expected economic growth while concerns over Syria receded as a potential Western military strike on the country appeared to be delayed for now.

by via Yahoo! Finance: Top Stories

Nasdaq Takes Some Blame for 3-Hour Breakdown

In a statement released Thursday, Nasdaq OMX Group said that a three-hour trading halt last week was partly the result of issues within the company's control.

by via Yahoo! Finance: Top Stories

Fast-Food Chains Aren’t as Rich as Protesters Think

Low-wage workers at fast-food restaurants are staging protests to demand a pay hike of as much as 100% — to $15 an hour. But the restaurant industry overall is a low-margin business.

by via Yahoo! Finance: Top Stories

Syria, Gold Prices and Asset Flows

By John Kosar, CMT Much of the financial media’s focus during this low-volume, last week of summer has been on what appears to be an impending US military response in Syria, and its potential effect on asset prices. One such … Continue reading →

by via Yahoo! Finance: Top Stories

Lottery Winner From 2006 Awarded Stolen $5 Million Prize


The lottery winner duped out of his prize by the sons of a convenience store owner will finally receive his $5 million. Back in 2006, a man in Syracuse, N.Y. won the huge prize in a scratchoff game, but the cashiers on duty, the store owner’s sons, told him that he had only won $5,000. They bought the ticket from him for even less than that, then did nothing. For six years.

Maybe they assumed that he would forget. When they came forward with the winning ticket in 2012, lottery officials sensed shenanigans and put out a press release intended to smoke out people who might know something. The real winner came forward, and the brothers were arrested. One of them was sentenced to 8.3 to 25 years in prison for possession of stolen property.


If you win a large lottery jackpot, the first thing that you should do, even before you make a generous donation to your favorite consumer affairs blog, is sign the back of the ticket. You also shouldn’t necessarily go back to the store where the ticket was purchased to cash it in, unless you want to share the good news. In New York, where this story happened, retailers can only give out prizes up to $600, and many stores set their own limits that may be lower. After all, even the busiest convenience stores don’t keep $5 million in cash on hand. If you do cash in a smaller ticket at a retailer, don’t let them charge you a ticket-cashing fee.


For larger prizes, you need to visit your nearest lottery customer service center. If the prize is big enough, you’ll also get a press conference with a ceremonial oversized check.


Robert Miles awarded disputed $5 million lottery ticket [Syracuse Post-Standard] (Thanks, Arlene!)






by Laura Northrup via Consumerist

South Africa Mining Strikes Loom (Kitco NEWS)




by InformedTrades via InformedTrades

Home Depot Frowns Upon Customers Having Sex In Display Sheds Despite “You Can Do It” Line


Home improvement aficionados might recall Home Depot’s old tag line, “You can do it. We can help.” That marketing message appears to have worked wonders for one couple, who allegedly took help in the form of a shed at Home Depot to well, do it. And by it we mean, you know (nudge nudge, wink wink), sexual relations.


Getting busy in public is frowned upon by law enforcement, and it’s probable that Home Depot would rather not have its buildings and shelters turned into hourly romp rooms. North Charleston police busted a bout of bunga bunga at a South Carolina Home Depot, arresting a couple for having sex inside a display shed at an area Home Depot, according to the Smoking Gun.


The twosome were nabbed just after 8:40 a.m. after calls went out to the cops “in reference to a male and female entering a display shed on the property, closing the door behind themselves and remaining inside,” as stated in the police report.


Police seem to have caught the duo in flagrante delicto, as they were “partially clothed” with the woman’s dress hanging at her waist and the man with his “pants down near his knees” and his naughty bits on display.


Using their cop-thinking hats, officials decided that “they were engaged in sexual intercourse within the shed.”


Both were arrested for disorderly conduct, and the man was also charged with indecent exposure for airing his genitalia to the world. Well yeah, once the shed door was opened. Before that it was just him, his lady friend and the shed’s four walls. So romantic.


Couple Arrested For Shacking Up At Home Depot [The Smoking Gun]






by Mary Beth Quirk via Consumerist

Lawsuit: Woman Died Because Walmart Didn’t Double-Bag Her Groceries


In April of 2010, a Nebraska woman picked up two 46-ounce cans and a two-pound bag of rice at Walmart. The cashier put all of these items in a single bag. The bag broke, causing an injury which became infected. The infection led to the woman’s death. Now her family is suing Walmart, as well as the companies that made and distributed the faulty plastic bag, for wrongful death.

According to her family’s attorney, the bag broke, and one of the cans fell on her foot, breaking a toe and cutting her foot. The wound became infected, and her condition declined. Antibiotics and two surgeries couldn’t save her, and she died.


The problem isn’t just that the bag was defective, you see: Walmart is named in the suit because they were allegedly “negligent” in not training their employees how to bag properly. Had her purchases been double-bagged, after all, the can probably wouldn’t have fallen on her foot. If the purchases had been put in multiple bags, the defective bag might not have broken at all.


Plattsmouth man sues Wal-Mart, says overfilled plastic bag led to wife’s death [Lincoln Journal Star]






by Laura Northrup via Consumerist

Why Wall Street Wants Larry Summers (and Why the Rest of Us Should Not)

On the surface the debate about the chairmanship of the Fed is about the merits of the two leading candidates, Lawrence Summers and Janet Yellen. But looks can be deceiving, say economists Laurence Kotlikoff and Jeffrey Sachs.

by via Yahoo! Finance: Top Stories

U.S. Will Not Sue Colorado, Washington Over Recreational Pot

The Obama administration has decided not to sue Colorado and Washington over new laws that legalized recreational marijuana, allowing the two states to carry on their experiment as long as they follow new federal guidelines, a U.S. Justice Department official said on Thursday.

by via Yahoo! Finance: Top Stories

OSFI to allow swaps for pension plans

[video] Guest Commentary: USD/JPY Consolidation Continues - Where Next? (Forex News by DailyFX)




by InformedTrades via InformedTrades

[text] Fast-food workers begin strikes across U.S. over wages | Reuters

http://www.reuters.com/article/2013/...97S05320130829



"Fast-food workers staged strikes at McDonald's and Burger Kings and demonstrated at other stores in sixty U.S. cities on Thursday in their latest action in a nearly year-long campaign to raise wages in the service sector. The strikes spread quickly across the country and have shut down restaurants in New York, Chicago, Detroit, Milwaukee, St. Louis, Raleigh and Seattle, according to organizers."



by InformedTrades via InformedTrades

Fiji holds rate, comfortable outlook for inflation, reserves

Fiji's central bank kept its Overnight Policy Rate (OPR) steady at 0.5 percent, saying the current accommodative policy stance remains appropriate to support domestic growth given the "comfortable outlook for foreign reserves and inflation."

The Reserve Bank of Fiji, which has maintained its rate since December 2011, said Fiji's economy had shown great resilience so far and was forecast to expand by 3.2 percent this year on the back of strong domestic consumption and investment.

Earlier this month, the central bank revised upward its 2013 growth forecast to 3.2 percent from 2.7 percent in the national budget, compared with 2012's estimated 2.2 percent growth. If the forecast rate is achieved, it will be the strongest growth rate since 2004.

Growth in 2014 and 2015 is forecast at 2.5 percent and 2.4 percent, respectively.

The central bank's mid-year survey showed improvements in business and investor confidence and indicates continued robust economic activity well into next year while the financial system remains "awash with liquidity" and lending rates are low, providing further impetus for economic activity.

The central bank noted that its twin objectives remained intact, with July's inflation rate rising to 1.9 percent in July from 1.5 percent in June, and foreign reserves of around $1.834 billion, sufficient for 5.1 months of imports.



www.CentralBankNews.info







Go to Original Story



by InformedTrades via InformedTrades

Moldova holds rate steady at 3.5%

Moldova's central bank held its basic rate steady at 3.5 percent for the fifth month in a row, along with its other main rates, the rate on overnight deposits and the overnight lending rate, at 0.5 percent and 6.5 percent, respectively.

The National Bank of Moldova last cut its rate in April by 100 basis points.

Last month the central bank said the main risks is was facing were from deflation from Europe, Russia and international food prices while inflationary pressures could arise from a recovery in domestic demand and higher oil prices.

Moldova's inflation rate eased to 4.3 percent in July from 5.5 percent in June, in line with the bank's forecast for this year. In 2014 inflation is forecast at 3.8 percent, below the bank's 5.0 percent target.

Moldova's Gross Domestic Product expanded by an annual 3.5 percent in the first quarter, up from a 2.5 percent contraction in the previous quarter.



www.CentralBankNews.info







Go to Original Story



by InformedTrades via InformedTrades

IIROC allows electronic disclosure

OFSI to allow swaps for pension plans

Bonds Will Bounce Back: Pimco

Behold the power of the financial media! In a new blog posting 'Inflection Points: Why Demand for Bonds Will Rebound' on Pimco's website, COO Douglas Hodge argues that the media are in part to blame for the recent rush out of bonds.

by via Yahoo! Finance: Top Stories

Why You Should Sell Gold as Soon as Missiles Fly in Syria: Najarian

'Gold was severely oversold at the end of Q2 (but), I believe it's getting overbought at this point,' says optionMONSTER's Jon Najarian.

by via Yahoo! Finance: Top Stories

Fed Tapering: Economy Without QE May Not Look Much Different, Here’s Why

Fed watchers have had their eye on September for the start of the central bank’s retreat from bond purchases. But reports now suggest that the turmoil in Syria and resulting market jitters, along with a mid-October debt ceiling deadline and an emerging market selloff, may delay the taper start date.

by via Yahoo! Finance: Top Stories

FSP issues shadow banking rules on securities, regulation

Global plans to strengthen the regulatory oversight of shadow banking are nearing completion as the Financial Stability Board (FSB) released two new policy frameworks covering securities lending and supervision.

The latest proposals are part of the international community’s efforts since the global financial crises to tackle the threat from shadow banking, the vast and largely unregulated world of hedge funds, money market funds and investment vehicles.

The financial crises revealed that shadow banking - roughly half the size of the regulated banking sector - posed a severe threat to financial stability, not only because of its size and global reach but also because it is part of a complex chain of financial transactions with banks and insurance companies.

“ Like banks, a leveraged and maturity-transforming shadow banking system can be vulnerable to “runs” and create contagion risk, thereby amplifying systemic risk,” said the FSB, the international body that monitors and coordinates global financial regulation on behalf of the Group of 20 (G20) leading economies.

Over the last two years, the FSB has been developing a string of policies aimed at reducing the risk from shadow banking by creating a monitoring framework to track the sector and strengthen the oversight and regulation of the shadow banking system.

"Most of these policy measures are now finalised and will be adopted by FSB members in an internationally-coordinated manner," said the FSB, adding that some of its latest proposals that cover minimum haircuts for securities financing transactions would be refined further to avoid any unintended consequences for the financial system.

The challenge for the FSP, along with the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO), has been to devise rules that limit the risks yet retain the benefits and don’t stymie future financial innovation.

"When implemented, this integrated set of policies should mitigate financial stability risks emanating from shadow banking. They should also limit the incentives of risky activities to move to the unregulated sector as tighter regulations on banks and other traditional market participants come into effect," the FSB said.



While off-balance sheet financial entities and various forms of securitization have been around for centuries, the current form of shadow banking first took off in the last decades as banks exploited regulatory gaps and used regulatory arbitrage to minimize cost.

Click to read the FSB’s latest policy recommendations for shadow banking.

www.CentralBankNews.info















Go to Original Story



by InformedTrades via InformedTrades

[video] Scalping with Michael Boutros on DailyFX Plus 8/29/2013 (Forex News by DailyFX)




by InformedTrades via InformedTrades

Football Fans Apparently Drowning Weekend Losses In Monday Pizzas


On Friday you’re sporting your Aaron Rodgers jersey and crowing about the many splendored glories of the Green Bay Packers. But on Monday, you’re warning coworkers not to even mention yesterday’s loss and drowning your sorrows in fast food and discreet bouts of weeping in the bathroom. Save the salads and quiet pride for the winners, it’s time to pile on the melted cheese until it covers your heart’s wounds and makes them whole again.


Does this sound familiar? Do you reach for the burger and fries after a disappointing weekend of football? Come here. Let’s all hug it out, because we’re not alone, says a very important, totally just-like-my-life study.


Researchers publishing a study in the journal Psychological Science (via WTOP.com) studied what people in 24 cities eat on a typical Monday and then compared it to Mondays after a football game, and found some pretty interesting stuff: In cities where the home team lost, there were a lot more people eating foods with saturated fats, with an increase of 16% on losing Mondays.


Winning cities didn’t need to eat their feelings on winning Mondays, it seems, as saturated fat consumption actually decreased by 9% from a normal Monday.


For cities without an NFL team or those that had a bye week, saturated fat and calorie intake just stayed the same for subjects. There doesn’t appear to be a part of the study that identifies far-flung fans cheering on their favorites miles from home, but anecdotally I can assure you I will murder a ginormous burger after the Packers lose (and refuse to speak to anyone, even to accept condolences).


Americans aren’t the only ones using food as coping mechanism — the researchers also checked in with subjects in France and asked them to write about their favorite soccer teams, and were given snacks afterward. People who bemoaned a loss in their scribblings usually chose candy and soda, while the high-flying fans relaying stories of big wins had a hankering for fruit.


Bottom line: Blame your team’s losing record on your expanding waist line.


*Thanks, Wayne!


Study: Losing sports teams make us reach for the saturated fats [WTOP.com]






by Mary Beth Quirk via Consumerist