ProShares Trust Ultrashort 20+ Year Treasury EFT
Raw Story: Cantor could rake in windfall if debt ceiling isn’t raised
"In theory there is no difference between theory and practice. In practice there is." - Yogi Berra
May 2011 was the 315th consecutive month to have a global temperature above average.
Number of people filing initial unemployment claims dips by 1,000 to 428,000 in the latest week, government says.
“This is the first counterterrorism strategy that focuses on the ability of Al Qaeda and its networks to inspire people in the United States to attack us from within..."
• A zeroing in on the organization’s senior leaders.
• Enhanced cooperation with allies and partners to defeat the extremist scourge.
• A sustained effort to restore America’s image and leadership in the world.
“...individuals, sometimes with little or no direct physical contact with Al Qaeda, who have succumbed to its hateful ideology.”
“We intentionally do not use ‘global war on terror’: We’re in a war with Al Qaeda.”
Markets also welcomed Greece's approval of austerity measures Wednesday, which aim to keep the country from defaulting.
Oil for August delivery slipped 2 cents to $94.75 a barrel.
"I think we really need to call sin. sin."Okay, based on the last line alone, I will wager that he is gay.
"I think what you clearly say is what is the understanding of god's word on homosexuality...barbarians need to be educated, need to be disciplined. Just because someone feels it or thinks it doesn't mean that we are supposed to go down that road."
U.S. pending home sales rose a stronger-than-expected 8.2 percent in May, but a glut of unsold properties remained a drag on the housing market.
While Rep. Michelle Bachmann, R-Minn., has forcefully denounced the Medicaid program for swelling the "welfare rolls," the mental health clinic run by her husband has been collecting annual Medicaid payments totaling over $137,000 for the treatment of patients since 2005, according to new figures obtained by NBC News.
The clinic, based in Lake Elmo, Minn., describes itself on its website as offering "quality Christian counseling" for a large number of mental health problems ranging from "anger management" to addictions and eating disorders.
The $161,000 in payments from the Minnesota Department of Human Services to her husband's clinic appear to contradict some of Michelle Bachmann's public accounts this week when she was first asked about the extent to which her family has benefited from government aid. Contacted this afternoon, Alice Stewart, a spokeswoman for Bachmann, said the congresswoman was doing campaign events and was not immediately available for comment.
Greece's vote Wednesday follows a debate of whether the country should adopt severe spending cuts and tax increases, in exchange for a financial aid package from the European Union and the International Monetary Fund.
The National Association of Realtors will release its May pending home sales data at 10 a.m.
Oil for August delivery gained 87 cents to $93.76 a barrel.
Brixton has degenerated into a disregarded area inhabited by London's new robot workforce - robots built and designed to carry out all of the tasks which humans are no longer inclined to do. The mechanical population of Brixton has rocketed, resulting in unplanned, cheap and quick additions to the skyline.
The film follows the trials and tribulations of young robots surviving at the sharp end of inner city life, living the predictable existence of a populous hemmed in by poverty, disillusionment and mass unemployment. When the Police invade the one space which the robots can call their own, the fierce and strained relationship between the two sides explodes into an outbreak of violence echoing that of 1981.
Most recently, China's top auditor said that loose lending standards and a sharp rise in local government borrowing (for building projects, of course) may have created a mountain of debt that cannot be repaid...
What's happening in China should sound familiar because it is reminiscent of what happened here in the US. Confronted by an economy that couldn't deliver real wealth to the people, our bureaucrats loosened borrowing standards in the 1990s.
Mr. Monakata is one of the very few people still living in the bucolic countryside just outside the 12.5-mile radius exclusion zone surrounding the crippled Fukushima Daiichi nuclear plant, where three reactors exploded after the March 11 earthquake and subsequent tsunami.
In the small city of Date, 35 miles from the plant, the anxiety is palpable – especially among parents of young children.
...the city will issue individual radiation detectors to all school-age children...
Safety inspectors have rejected 266 of 2,000 food samples they have tested since March.
...Greece's parliament will vote Wednesday on a five-year budget plan.
Investors will get the S&P Case-Shiller home price index for April at 9 a.m. ET...
...consumer confidence survey for June...
Oil for August delivery edged higher 30 cents to $90.91 a barrel.
Rep. Michele Bachmann kicked off her presidential campaign on Monday in Waterloo, Iowa, and in one interview surrounding the official event she promised to mimic the spirit of Waterloo's own John Wayne.
The only problem, as one eagle-eyed reader notes: Waterloo's John Wayne was not the beloved movie star, but rather John Wayne Gacy, the serial killer.
Why 30 years? Because that’s how long it will take for experimental energy systems like hydrogen power, cellulosic ethanol, wave power, algae fuel, and advanced nuclear reactors to make it from the laboratory to full-scale industrial development.
Thirty years from now, for better or worse, the world will be a far different place: hotter, stormier, and with less land (given the loss of shoreline and low-lying areas to rising sea levels). Strict limitations on carbon emissions will certainly be universally enforced and the consumption of fossil fuels, except under controlled circumstances, actively discouraged. Oil will still be available to those who can afford it, but will no longer be the world’s paramount fuel.
In economic news, U.S. consumer spending stagnated in May, according to a government report, while a reading on Midwest manufacturing rose slightly.
Excessive borrowing by authorities to fund infrastructure and other projects has sparked concerns among China's leadership about the risks the loans pose to the financial stability of the world's second largest economy.
By the end of last year, local governments had 10.7 trillion yuan ($1.65 trillion) of debt, the National Audit Office (NAO) said in a statement, or about 27 percent of China's 2010 GDP of 39.8 trillion yuan.
"The ability of some areas and industries to repay debt is weak and potentially risky," the NAO said.
...having been heavily in debt and locked in a bitter divorce battle with his estranged wife Jamie.
The latest images reveal that the newly confirmed tribe grows corn, peanuts, bananas and other crops.
When missionaries contacted the tribe in 1987, 45 Indians died of common diseases that they had never encountered and thus had no tolerance for, including the flu.
...Republican leaders in New Hampshire hope to repeal the state law allowing same-sex marriage – right around the time of New Hampshire’s first-in-the-nation presidential primary election.
Elected judges in Iowa who upheld that state’s law have been defeated at the polls. Voters in Maine repealed a law allowing same-sex marriage. And in California, the legal fight over the Prop. 8 ballot measure banning same-sex marriage continues – most recently involving questions over whether a gay judge can fairly hear the case.
...(On gay marriage) Gallup...pushed through the majority mark to 53 percent this year.
Could an exodus of gay people from the rest of the US to the Empire State sap the will (and pocketbooks) of campaigns to legalize marriage in, say, Missouri or Minnesota or Kansas?”
...investors awaited personal income and spending data.
European stocks were mixed ahead of the debate on the austerity package for Greece
Oil for August delivery slipped 36 cents to $90.80 a barrel.
Speaking to Fox News Sunday, Bachmann said that if she were elected president she would back an amendment to define marriage as "between a man and a woman."Also -
Bachmann, who has placed first and second in the latest polls of 2012 Republican candidates, will formally declare her candidacy Monday in Waterloo, Iowa, where she was born.
In the moments following the bill's passage, Dolan and DiMarzio also joined other Catholic bishops in New York to release a statement opposing the decision.
"The passage by the Legislature of a bill to alter radically and forever humanity’s historic understanding of marriage leaves us deeply disappointed and troubled," the bishops said.
"We worry that both marriage and the family will be undermined by this tragic presumption of government in passing this legislation that attempts to redefine these cornerstones of civilization."
The statement was also signed by Howard J. Hubbard, Bishop of Albany; Edward U. Kmiec, Bishop of Buffalo; Terry R. LaValley, Bishop of Ogdensburg; Matthew H. Clark, Bishop of Rochester; William F. Murphy, Bishop of Rockville Centre and Robert J. Cunningham, Bishop of Syracuse.
It is still unclear whether any of the bishops plan to deny communion to any Catholic politicians such as Cuomo and Republican Sen. Mark Grisanti who supported the gay marriage bill.
The plant is designed to withstand waters up to 1,014 feet above mean sea level, according to the OPPD. The river currently stands at 1,006.3 feet and is not expected to exceed 1,008 feet, the Power District said.
Another stereotype is that gay relationships aren't as real or long-lasting as heterosexual ones.
Research has found that to be untrue. Long-term studies of gay couples indicate that their relationships are just as stable as straight pairings.
The ISM manufacturing survey (is) the second most important piece of economic data investors get on a monthly basis...
"There remains a lot of worry about Greece and any developments could change the market's direction quickly..."
Investors will get the S&P Case-Shiller home price index for April at 9 a.m. ET on Tuesday...
Famous Earthquakes are usually arranged by their magnitude on the Richter scale. In comparison, a tornado can rumble with Richter scale magnitude of 4.8, and a 1-megaton nuclear bomb can measure 7.5 on the Richter scale. The highest magnitude earthquake recorded to date - at about 9.6 - was the 1960 Chilean earthquake, in which a fault 621 miles(1,000 kilometers) long slipped 33 feet (10 meters). sourceLive Science: 75th Aftershock of Magnitude 6 or Higher Hits Near Japan
Cuomo signed the bill into law after the legislature cleared the way to legalize same-sex marriage with a 33-to-29 vote, the first time a state Senate with a Republican majority has approved such a bill.
The sources of the recent decline, including Greece's slow march toward a default on its debt, weak U.S. economic data and the creeping deadline to lift the U.S. debt ceiling, are far from being resolved.
...daily volume on the New York Stock Exchange, NYSE Amex and Nasdaq has averaged 7.22 billion shares.
That is down from the 7.94 billion shares traded daily during the first quarter...
The next two weeks, before quarterly earnings season starts in earnest, could be marked by wild swings like the ones seen recently.
Besides the weekly jobless claims numbers, housing and manufacturing data will attract the most attention next week.
...worries about the Italian banking sector and Greece's austerity plan...
Permanent bases: In the American way of war, military bases built on foreign soil are the equivalent of heroin. The Pentagon can’t help building them and can’t live without them, but “permanent bases” don’t exist, not for Americans. Never.
That’s simple enough, but let me be absolutely clear anyway: Americans may have at least 865 bases around the world (not including those in war zones), but we have no desire to occupy other countries. And wherever we garrison (and where aren’t we garrisoning?), we don’t want to stay, not permanently anyway.
The Democratic-dominated Assembly last week approved the bill, which would make New York the sixth and most populous state to permit same-sex marriages, and Gov. Andrew Cuomo (D) has promised to sign it.
"No one wants to be the 32nd vote..."
...(gay marriage legislation is) especially (popular) among younger voters..
The European Union pledged to extend aid to Greece, as long as the country introduces another round of tax hikes and spending hikes -- in an effort to help the debt-stricken country avoid a default.
The Commerce Department will release its final reading on first-quarter gross domestic product at 8:30 a.m. ET, as well as May durable goods orders.
Oil for August delivery gained 23 cents to $91.25 a barrel.
Osborn, 50, of the 2900 block of Coliseum Boulevard West, told police he did not belong in the outside world, could not get a job, support himself or get proper medical care for his depression, according to court documents.
About halfway between Severomorsk and the Norwegian border lies Andreeva Bay, an environmental nightmare where the waters are completely devoid of life.
Leaks from the region's largest nuclear waste storage facility mean no fish will ever swim in this fjord. Onshore, both the soil and the groundwater are badly contaminated.
On this vast site, 32 tons of highly radioactive waste with a high uranium content is stored in crumbling concrete bunkers and rusting tanks and containers - about a third of the nuclear waste mountain that can be found on the Kola Peninsula.
Initial filings for unemployment insurance climb by 9,000 in latest week to 429,000, Labor Department says.
Mr. Bernanke says the Fed asked the banks to “essentially do stress tests” – computer simulations – to see what would happen to their capital if Greece defaulted on its loans.
“And the answer is the effects are very small,” he said.
“The situation is similar in some sense, in that, with very few exceptions, the money market mutual funds don’t have much direct exposure to the three peripheral countries [Greece, Portugal and Ireland] which are currently dealing with debt problems,” he said.
By 2013, the Fed expects the economy to be operating at a faster pace.
...the Fed issued a dour assessment of the economy but gave no indication that any additional stimulus measures are in the works.
In a widely expected move, the Fed held its benchmark interest rate near zero percent, saying the economic recovery has been weaker than expected.
Oil for August delivery slipped $2.51, or 2.6%, to $92.90 a barrel.