Debt Restructuring In Ukraine

February 10th, 2015

Debt on backSober Look:  Diplomatic efforts are once again under way to establish a more lasting ceasefire in eastern Ukraine via the “Minsk peace talks redux” (see story). While Angela Merkel’s diplomatic efforts should be applauded, chances for success remain poor. The Russian government simply has no incentives to stabilize the situation. Applying pressure on Western-backed Ukraine is part of Russia’s foreign policy with significant popular support. Read more…

Banking, Currency, Currency Wars, Economy, Government, Inflation/Deflation, Russia, World News

Greece Should Drop The Euro And Adopt The U.S. Dollar

February 10th, 2015

Eu and GreeceCharles Hugh Smith:  There is an undeniable internal logic to the idea that Greece should jettison the euro and adopt the U.S. dollar as its national currency.

Several astute readers pointed out that for Greece to renounce the euro and transition to a newly issued national currency (drachma) is fraught with numerous structural difficulties. It is not easy to issue and distribute enough new currency to grease commerce from a standing start. Read more…

Banking, Currency, Currency Wars, Economy, Europe, Today's Top News, World News

Silver Investing Grows, But Sellers Jump 83%

February 10th, 2015

SilverAdrian Ash: SILVER INVESTING sentiment amongst private individuals in the West fell near record lows at New Year 2015 as the metal’s strong price rally invited existing owners to sell, writes Adrian Ash at BullionVault.

That’s the conclusion of our new Silver Investor Index, launched today. Read more…

Investing, Silver

Oil Wars: Producing Oil At $20 A Barrel And Still Turning A Profit

February 10th, 2015

Oil leackingJames Stafford:  With crude oil prices collapsing and small American oil producers faced with grim choices for survival, the Darwinian nature of commodity market cycles rears its head, dictating that only the fittest will survive—and only the fittest of the fittest will thrive. As the herd of small companies that formed the backbone of the shale boom is culled, there emerges a new focus on junior players who are sitting on prime prospects where oil can be produced at $20 per barrel or lower and still turn a healthy profit at today’s prices hovering around $45 – $52 range. Read more…

Crude Oil, Economy, Investing, Technology, Today's Top News

Everyday Health Inc. Hires Michael du Toit As President

February 9th, 2015

Everyday Health Inc.On January 18, 2015, Everyday Health, Inc. entered into a letter agreement with Michael du Toit to become its President. Mr. du Toit, 62, is expected to start in his role as President in February 2015. On February 9, 2015, the Company issued a press release announcing the appointment of Mr. du Toit. Read more…

Healthcare, Material Events

Kemper Corp (NYSE:KMPR) Shuffles Board

February 9th, 2015

Kemper CorpOn February 4, 2015, the Board of Directors  of Kemper Corp (NYSE:KMPR) determined that two Board members, Wayne Kauth and Richard C. Vie, will not stand for re-election at the 2015 Annual Meeting of Shareholders, and will retire from the Board on May 6, 2015, the last day of the current term for all Board members. Read more…

Material Events

Levi Strauss & Co. Declares Dividend

February 9th, 2015

Levi-Strauss-Co1On February 4, 2015, the Board of Directors of Levi Strauss & Co. declared a one-time cash dividend of $1.33556 per share, for a total of approximately $50 million.  The dividend is payable to stockholders of record at the close of business on February 19, 2015. Read more…

Dividends, Manufacturing, Material Events

Privacy Is A Past Time: Samsung Admits Your Private Conversations Are Being Sent To An Internet Server

February 9th, 2015

Spying 2Paul Joseph Watson:  In responding to privacy concerns over their Smart TVs recording private conversations and sending them to a third party, SAMSUNG ELECT LTD(F) (OTCMKTS:SSNLF) admitted that voice data is “sent to a server” during the process.

We first reported on the issue three months ago in November, but the story went viral over the weekend after being picked up by numerous technology websites. Read more…

Consumer, Government, News Of The Weird, Technology

The Financialized Economy

February 9th, 2015

Stock MarketsGary Tanashian:  The ISM PMI reports for December and January showed deceleration in line with our view that a persistently strong US dollar would begin to eat away at US manufacturing, exporters and other companies that depend on significant foreign business.  But in an age where investors will bid up Twitter* (with its forward P/E of 141 and 30B market cap to 1.2B revenue) by 16% in a day, are we returning to the old days of ‘PE’s don’t matter’ with the hook or tout being ‘it’s all about ad revenue’? Read more…

Economy, Markets, Stocks

The Shift To Solar Power: 10 Of The World’s Largest Solar Farms

February 9th, 2015

solarAndrew Topf:  Solar power may have its critics, with many pointing out the intermittency limitation compared to traditional energy stalwarts like coal, oil and gas. But there is no denying that the photovoltaic (PV) industry is on the move, with many developed nations – notably China, Japan, Germany and the United States – making huge investments into ground- and roof-mounted solar panels. Read more…

China, Energy, Investing, Technology, World News

The Oil Price Plunge Claims Another 5,000 Victims

February 9th, 2015

Oil BarrelAndy Tully:  Yet another energy company is struggling to save money in the face of unexpectedly low oil prices. Weatherford International Plc (NYSE:WFT), one of the world’s largest oilfield services company, will cut 9 percent of its global workforce in the next two months to save more than $350 million a year. Read more…

Crude Oil, Economy, Energy, Mining, Today's Top News, World News

Troctolites Rock

February 9th, 2015

Troctolites RockRick Mills:  In 1993, Albert Chislett and Chris Verbiski of Archean Resources Ltd., discovered significant sulphide mineralization south of Nain, Labrador.

In August 1996 Inco Limited purchased the Voisey Bay property from Diamond Fields for $4.6 Billion. Read more…

Investing, Mining

Events Impacting Gold And Silver In The Week Of February 9th

February 9th, 2015

Silver and Gold:  In this article, we summarize which events in the week ahead could impact the gold price and silver price. At the bottom of the article we explain that these events are generally no fundamental drivers, but mostly the result of trading in COMEX futures. Read more…

Gold, Investing, Markets, Silver, Today's Top News

3 Keys to Making Money in a Down Market

February 9th, 2015

Stock Market 1Laurynas Vegys:  As everyone watching the sector knows, gold was down 1.7% in 2014. Major gold stock indexes performed even worse, as is to be expected given that mining stocks offer leverage to metals prices. Read more…

China, ETF, Gold, Investing, Precious Metals, Russia, Silver, Stocks, Today's Top News

Gold And Silver – Forget The News. Silver 12 – 14? Gold 1,000 – 1,100?

February 9th, 2015

Gold And Silver 2Edge Trader Plus:  How are all them facts and figures about gold/silver accumulation by China, Russia, India, et al, shortages at the COMEX, LMBA for delivery of the [non-existent]physical metal, drainage of GLD, unprecedented public demand for coins, accompanied by pretty graphs and charts, working out? Read more…

China, Gold, Investing, Russia, Silver, Stocks

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