Politics

Obama, Gasoline and Oil Prices

Crude oil and motor gasoline prices rose in February 2012 in a strikingly similar way to the price increases during February 2011. In February 2011, West Texas Intermediate (WTI) and Brent crude oil spot prices rose by almost $8 per barrel and $12 per barrel, respectively. This February, WTI and Brent prices increased by $9 [...]

WikiLeak’s Julian Assange to Run for Office

After being abandoned by his government in a time of need, WikiLeaks founder Julian Assange is planning to run for election to the Australian Senate, the organisation announced Saturday on Twitter. Assange, an Australian citizen, is on bail awaiting a British court decision on his appeal against extradition to Sweden on sexual assault allegations. He [...]

George Clooney Arrested, War Crimes Continue in Sudan

George Clooney has been arrested in Washington D.C. by the Secret Service! It seems Mr. Clooney was involved in a protest against the war crimes being committed in Sudan. George was in good company as he was carted off as congressmen were amongst the dozen people arrested. George was demanding that humanitarian aid be allowed [...]

Commodity Wars: Wall Street vs. US Fed

JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) Wall Street vs. US Fed on Commodities Wall Street’s biggest banks are locked in a struggle with the US Federal Reserve over the right to retain Key elements of their commodity trading empires: warehouses, storage tanks and other hard assets worth billions of dollars. The [...]

G-20 All Talk No Action

Mexico’s Finance Minister Jose Antonio Meade said Friday the world needs Group of 20′s strong leadership, more decisive and timely response to the challenges the global economy currently faces. “The G-20 stands at the heart of the most critical economic challenges facing the World today,” said Mr. Meade at a seminar of the Institute of [...]

Read More » No comment February 26, 2012

USD/JPY to Fall This Week

Japanese authorities will continue to respond to excess volatility in currencies signaling readiness to intervene if speculators push up the yen too high again to deal a blow to the export-reliant economy. A senior Japanese Finance Ministry official said the upward pressure on the yen was easing and he saw nothing strange in the currency’s [...]

Read More » No comment February 26, 2012

Obama and $5 Gas Prices

$5.00 Gas hurts Obama’s relection chances Gas prices are rising faster than the US media can report the spike. The timing for US President Obama is not good at all. Some reporters say that the President has nothing to do with current spikes in prices at the gas pump, but he does and his political [...]

Read More » No comment February 24, 2012

Obama Continues Big Government Policies

President Obama hopes to give tax incentives to US manufacturers BA US President Barack Obama Saturday said that he wants to provide more tax incentives to US manufacturers to spur growth, while Republicans called the president’s most recent economic plan “a roadmap to Greece.” President Obama, speaking from a Boeing Co. (NYSE:BA) facility in Everett, [...]

Read More » No comment February 19, 2012

Deadly Dodd-Frank in Focus

Wall Street seeks to delay Dodd-Frank CFTC position limits rule Two Wall Street groups are working to have a federal judge to delay a US Commodity Futures Trading Commission rule that limits speculation, saying the regulation is already imposing “significant, irreversible costs.” The International Swaps and Derivatives Association Inc. and Securities Industry and Financial Markets [...]

Read More » No comment February 8, 2012

Soros Dumps Obama

Soros Shuns Obama George Soros, the billionaire investor who bankrolled Democratic groups during George W. Bush’s Presidency, has decided not to donate to the political action committee working to re-elect US President Barack Obama. He just isn’t giving to the political action committee working to re-elect President Barack Obama. Soros is joined by million-dollar donors [...]

Read More » No comment February 5, 2012

Investor Services

Private Equity Takes a Hit in Q1 2012

Most private-equity and hedge funds typically take 20 percent of investment gains as carried interest, on top of 2 percent of assets as a management fee to …