The IMF’s Jose Vinals – in the background it says “financial stability”, so this is presumably a snapshot from his second career as a stand-up comedian. Meanwhile, in his main career, he apparently isn’t even able to get his facts straight. We are used to the IMF’s well-documented utter inability to forecast the future, but now they apparently can’t even forecast the past anymore…
Blankfein is trying to ride out a years-long bond-trading slump that’s been compounded by market swings and stiffer regulations — challenges that forced many competitors to scale back. He’s embarked on the biggest cost-cutting push in years, following his largest competitors who have turned to expenses as the only lever to pull in an environment of deteriorating revenue.
Two weeks ago, according to the survey data, Trump had a huge advantage in New York over his Republican rivals, and Clinton was leading Sanders by double digits. Today, the picture is virtually the same. According to the RealClearPolitics poll average, Trump is currently leading Kasich by about thirty percentage points, and Clinton is ahead of Sanders by twelve points. As the following charts demonstrate, this situation hasn’t changed much over the past few weeks: the lines showing the candidates’ poll numbers are basically flat.
Cancer Research Is Broken (jdargis)
Many science funders share Parker’s antsiness over all the waste of time and money. In February, the White House announced its plan to put $1 billion toward a similar objective—a “Cancer Moonshot” aimed at making research more techy and efficient. But recent studies of the research enterprise reveal a more confounding issue, and one that won’t be solved with bigger grants and increasingly disruptive attitudes. The deeper problem is that much of cancer research in the lab—maybe even most of it—simply can’t be trusted. The data are corrupt. The findings are unstable. The science doesn’t work.
One 49-year-old patient received a $210 refund in February after an appointment left her in tears. “It felt like they didn’t care and did not have her best interest at heart. Pt. stated she came to Geisinger b/c she trusted us, she has no trust now,” according to the financial authorization for the refund.
Apart from the silver chart setup, another bullish driver for precious metals is the price of the US dollar. As we will see below, the US dollar is looking quite bearish. How comes? A bearish US dollar is visible in the bullish chart setups of the major currency pairs: Australian dolllar, Canadian dollar, British Pound. More fundamentally, however, is the fact that the world is awash in US dollar, so at some point that has to reflect in precious metals and commodities.
So far, ISIS—which claims to have established at least three caliphate provinces in Wilayat Fizzan, Barqa and Tarabulus—has not yet taken control of a Libyan oil field. This has led to speculation over whether the group is seeking control or destruction. Destruction, however, is unlikely to be on the books. Militarily, ISIS does not have the capabilities in Libya to launch all-out offensives on these oil fields to gain control. Instead, the group is relying on scare tactics—and there is every indication that it’s working.
But the effects of the current El Niño have been exacerbated by global warming, a result of emissions of greenhouse gases by humans, said Jessica Blunden, a climate scientist with NOAA and lead author of the report.
El Niño is currently on its way out, and ocean temperatures in the tropical Pacific peaked in November, said Kevin Trenberth, a senior scientist at the National Center for Atmospheric Research.
Gold & Silver
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