Everyone from the Financial Times to Forbes.com to the Huffington Post decried the move. The Wall Street pundits mostly thought it was a dumb play by the Chase board from a self-interest perspective, one guaranteed to inspire further investigations by the government. Meanwhile, the non-financial press generally denounced the raise as a moral obscenity, yet another example of the serial coddling of Wall Street’s habitually overcompensated executive class.
“The network is similar to that of the narcotics trade,” Seremetis explained. “It is distributed via a sophisticated network that involves several mules who do the passing of the notes here in the tri-state area.”
The Secret Service warning says the bills contain a set of five different serial numbers and have two black 7s above the last zero on the lower right-hand corner, above the “100” mark on the back of the bill.
Gold Wars As Relevant As Ever (Taki T.)
These questions are as important as ever. Unfortunately, the amount of people looking for unequivocal answers remain limited. This is where the book “Gold Wars,” released by Ferdinand Lips in 2002, can help. The book provides answers by simply looking at history from a different angle than centralized governments used to teach us.
Dealerships say they have too many cars (Thomas C.)
Jackson called 2013 “the perfect year,” following the release of a better-than-expected profit report. The dealer chain earned 83 cents a share in the fourth quarter. But revenues of $4.52 billion for the quarter were lower than the projected $4.59 billion.
Nevertheless, Jackson said, “I’m optimistic about 2014. Industry sales will continue to grow 3 percent to 5 percent. We’ll break through 16 million units this year.”
Lottery win is retirement plan for 34% of poll respondents (westcoastjan)
“Rather, they should consider the CPP and QPP to be a supplementary component of their overall retirement income solution and focus on creating their very own personal pension plan by contributing to an RRSP on a regular basis,” he said.
The best plan is to have a diversified retirement nest egg, which can include the CPP, an RRSP, a work pension plan, a tax-free savings account and other forms of savings or income.
In Honduras, the level of large-scale deforestation per year more than quadrupled between 2007 and 2011, at the same time as cocaine movements in the country also showed a significant rise.
“A baseline deforestation rate in this region was 20 sq km per year,” said lead author Dr Kendra McSweeney from Ohio State University.
The point that most analysts miss is that our energy problem behaves very much like a near-term financial problem. We will discuss why this happens. This near-term financial problem is bound to work itself out in a way that leads to huge job losses and governmental changes in the near term. Our mitigation strategies need to be considered in this context. Strategies aimed simply at relieving energy shortages with high priced fuels and high-tech equipment are bound to be short lived solutions, if they are solutions at all.
Picking Cherries (Guy M.)
I’ve given up on civilized humans making any effort to take relevant action. Never mind our stunning myopia: The money to be made is clearly more important than the extinctions we cause, including our own.
Porter Stansberry: Are You Playing the Right Energy Trend? (Kevinoman0221)
Let’s just be clear about what happened: 10-year rates have gone from 1.6% last May to about 3% recently. Interest rates have almost doubled in less than a 12-month period. That is an enormous move. That changes the value of bonds significantly. It reduces the price almost by 50%. Folks who bought bonds that were yielding 1.6% have gotten killed. The Fed’s buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn’t matter whether unemployment goes up or down. It doesn’t matter whether inflation is higher or lower. Its influence on the market is dominant. You can’t expect the market to have the same price when the guy who’s buying $1 trillion ($1T)/year of bonds steps away from the market.
Gold & Silver
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