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(Reuters) - A 5.9-magnitude earthquake struck near Bologna, Italy, on Sunday, according to the U.S. Geological Survey.


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The Moody’s Corporation (NYSE:MCO) downgrade.

Downgrades by rating agencies are a symptom

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picture of the internet

 

 

PC Housing, a short term housing provider based in

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(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.
NEW YORK (Reuters) - Blind Chinese dissident Chen Guangcheng arrived in the United States on Saturday and declared "equality and justice have no boundaries" after China let him leave a Beijing hospital to quell a sensitive diplomatic rift between the two countries.
Just before the Crisis erupted, in April 2010, with Greece falling into the troika’s embrace in May 2010, I had written an article (A New Versailles haunts Europe) to argue that Germany was about to commit the error that the winners’ of World War I had committed by imposing upon Germany the Versailles Treaty. It was [...]

Read more: Yanis Varoufakis

``While much has already been written on the topic of peak valuation, social bubbles popping, and the ethical social utility of yesterday's historically overhyped IPO, nobody has done an analysis of the actual stock trading dynamics as in-depth as the following complete forensic post-mortem by Nanex.''

Read more: Implode-Explode Heavy Industries news feed

NEW YORK (Reuters) - Blind Chinese dissident Chen Guangcheng arrived in the United States on Saturday after China allowed him to leave a hospital in Beijing in a move that could signal the end of a diplomatic rift between the two countries.
Known as an arch dove, in favour of looser monetary policy, Mr Posen had repeatedly called for more quantitative easing (QE) until he unexpectedly voted against an extension to the £325bn programme in April.

"I had been hopeful in the last few months that after we did an additional £125bn [of QE] that was getting close to enough. Now I'm debating whether I was premature to think that," he said yesterday .

Read more: Implode-Explode Heavy Industries news feed

NEW YORK (Reuters) - Blind Chinese dissident Chen Guangcheng arrived in the United States on Saturday after China allowed him to leave a hospital in Beijing in a move that could signal the end of a diplomatic rift between the two countries.
``Yesterday, we got the first piece of incremental data on easing from the Fed. The minutes suggested that several members are now considering bond purchases from the last meeting, in which only a "couple" were considering it. So in Fed-speak, that's an uptick in easing. The Philadelphia Fed data today was pretty bad and caused a spike in gold and silver. The more weak economic data becomes, the more likely we'll see the Fed ease''

Read more: Implode-Explode Heavy Industries news feed

ADEN, Yemen (Reuters) - At least 22 al Qaeda-linked militants and 12 Yemeni soldiers were killed in clashes and air strikes overnight during a U.S.-backed offensive against insurgents in the south of the country, officials said on Saturday.
Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News. Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world. Celente also discussed the difference between the current cycle and the 1970s. Here is what Celente had to say: “A lot of people are saying that, ‘The Gold bubble has burst,’ and I’m not one that believes that.  I’m a trends forecaster and my forecast is gold will continue to rise.  It may go down short-term, but long-term I’m bullish. And I don’t speculate in gold, I buy gold.”

Read more: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/19_Celente_-_The_Golden_Days_Are_Just_Ahead_&_A_New_Cycle.html

Given the insane hype surrounding the Facebook IPO, it should really have come as no surprise to anyone that it’s being perceived as a massive flop. (A search at the NY Times website turns up no articles about Cisco Systems 1990 Initial Public Offering (Feb 16, 1990 at a split-adjusted price of $0.06); it does turn up a story that references Cisco’s Restaurant, Bakery and Bar in Austin, TX). In fact, it

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(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones.
CAMP DAVID, Maryland (Reuters) - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.
This week's favorites post comes from Marietje Schaake, a Member of the EU Parliament, who has been called "Europe's most wired politician."

When Mike asked me to write a post about my favorite Techdirt posts of the past week, I was honored. Techdirt is one of the main blogs I read everyday to

Read more: Techdirt.

Why Foxes Are Better Forecasters Than Hedgehogs from The Long Now Foundation on FORA.tv

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From his perspective as a pyschology researcher, Philip Tetlock watched political advisors on the left and the right make bizarre rationalizations about their wrong predictions at the time of the rise of Gorbachev in the 1980s and the eventual

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Dr. Frankenstein’s Europe
By John Mauldin
May 19, 2012

 

 

 

 

 

There Is No Easy Grexit
A Rational Bank Run
Greek Fatigue
The Alligator of Bank Runs
Who Gets the Old Maid?
Atlanta, New York, Philadelphia, Italy, and Singapore

“Had I right, for my own benefit, to inflict this curse upon everlasting generations? I had before been moved by the

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Should federal officials lecture state lawmakers on policy? The general counsel for the Federal Housing Finance Agency, the regulator overseeing Fannie Mae and Freddie Mac, certainly seems to think so.

At issue are two bills backed by California Atty. Gen. Kamala Harris to set new rules for the foreclosure process. The bills ran into stiff opposition from lenders, so the top Democrats in the Assembly and state Senate moved them to a conference committee in the hope of working out a compromise that could keep them on track.

Read more: Implode-Explode Heavy Industries news feed

CHICAGO (Reuters) - Three protesters arrested on terrorism-related charges ahead of the NATO-summit considered targeting U.S. President Barack Obama's re-election campaign headquarters and the home of Chicago Mayor Rahm Emanuel, according to court documents released on Saturday.

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