Fed closes chapter on easy money..the gravy train has ended

•October 31, 2014 • 8 Comments

NA-CD269A_FEDBO_G_20141028151808

http://online.wsj.com/articles/fed-ends-bond-buys-sticks-to-0-rate-for-considerable-time-1414605953

The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact even though the central bank said it helped accomplish its goal of reducing unemployment.

The move and the Fed’s accompanying assessment of current conditions were a vote of confidence in the U.S. economy, which many economists peg to have grown at an annual pace near 3% or more in the third quarter. That’s a much better performance than in Japan or Europe and a hopeful sign for the world economy when growth in China appears to be flagging.

“There has been a substantial improvement in the outlook for the labor market since the inception of [the] current asset-purchase program,” the Fed said in its policy statement, released Wednesday after a two-day policy meeting. “Moreover, the [Fed] continues to see sufficient underlying strength in the broader economy to support ongoing progress toward maximum employment in a context of price stability.”

The program ends with mixed reviews. While it clearly didn’t cause the inflation outbreak some predicted, it also didn’t clearly lead to a surge of economic output or hiring.

If all goes as they expect, officials will now turn their attention in the months ahead to discussions about when to start raising interest rates and how to signal those moves to the public before they happen. For now the central bank stuck to an assurance that it will keep short-term interest rates near zero for a “considerable time.” Many investors and Fed officials expect no rate increases until the middle of next year.

Plenty could go wrong and drive the Fed to tear up its plans. Twice before officials declared they would stop printing new money to buy bonds, only to restart the process when growth, hiring and inflation appeared to sag. One official, Minneapolis Fed President Narayana Kocherlakota, dissented from the Fed statement Wednesday because he wanted to keep the bond program going.

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its all over..for now..never say never..it can come back..in the end we have witnessed the most blatant money printing event the world has ever seen..making “money” out of thin air..

“officials will now turn their attention in the months ahead to discussions about when to start raising interest rates and how to signal those moves to the public before they happen”

put the seatbelt on..

401

Saudi regime sentences two more pro-democracy protesters to death

•October 31, 2014 • 6 Comments

279880

http://english.al-akhbar.com/content/saudi-regime-sentences-two-more-pro-democracy-protesters-death

A court in Saudi Arabia has sentenced two more people to death in connection with pro-democracy protests that began three years ago in the Qatif district of eastern Saudi Arabia, official media said.

The latest convictions followed last week’s death sentence against prominent cleric and pro-rights advocate Sheikh Nimr al-Nimr, a driving force behind the peaceful demonstrations.

The Specialized Criminal Court, that Human Rights Watch deemed as “flawed” and repeatedly urged Saudi authorities to abolish, issued the latest verdicts “as a deterrent to others,” the Saudi Press Agency said late Tuesday.

A third person was jailed for 12 years.

SPA did not name the accused, who were tried on charges including “participating in protests and marches that caused riots” in the Eastern Province community of Awamiya.

They were also accused of “chanting slogans hostile to the state,” the “intent to overthrow the regime,” “attacking” security forces, and stealing medical supplies from a pharmacy to treat people injured during protests.

The Eastern Province of Saudi Arabia, where the vast majority of the dictatorship’s oil reserves lie, was one of the regions that had joined the “Arab Spring” in 2011, to demand its political rights, and end the injustice and discrimination its people suffer at the hands of the sectarian and oppressive Saudi regime.

The protests started when activist in the province demanded the release of nine prisoners, known as “the forgotten prisoners,” who had been at the time detained for 16 years.

The Saudi regime responded to the peaceful protests by terrorizing the people of Qatif and Awamiyah, killing more than 20 people and wounding at least 58 others between 2011 and August 2012. The number of people detained in Saudi prisons exceeded 1042, of whom 280 remain in prison, including 24 children and 5 who were sentenced to death for “using violence against the police.”

Protests escalated after the kingdom’s intervention in neighbouring Bahrain to support a the monarchy against an uprising led by the Shia majority.

Tension rose further in July 2012 when security forces arrested the Nimr, who was shot and wounded.

After the sheikh’s conviction last week, his family accused the court of ignoring his “peaceful and non-violent approach,” saying the case had caused “social and political discontent.”

http://rt.com/op-edge/200467-saudi-cleric-execution-shiite-sunni/

Saudi Arabia, a key financier of jihadist groups fighting in Syria and Iraq, has used its vast oil wealth to promote the ideology of ultra-conservative Wahhabism in missionaries throughout the Muslim world over the past three decades. It has sought to promote a puritanical and rigidly exclusionist Islam that declares non-Muslims – and Muslims of minority sects – as infidels. The Kingdom is governed by a feudalistic, decadent monarchy bent on entrenching its own power and the uncontested legitimacy of the King as the de facto leader of Sunni Islam.

The rise of the Islamic State organization is the result of reckless Western and Gulf policies that have destabilized both Iraq and Syria. Because this group and their fellow travelers do not recognize the legitimacy of the House of Saud, the Kingdom has constructed a massive fence around its borders, in addition to taking measures to prevent domestic sympathizers from becoming politically active inside the country. Saudi Arabia has recently agreed to an American request that the Kingdom provide a base to train so-called “moderate” Syrian rebel fighters, in the name of fighting extremism.

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keep in mind they wont be killed because of any heinous crimes..they will be killed for not agreeing with the house of saud..another head bites the dust..

“last week’s death sentence against prominent cleric and pro-rights advocate Sheikh Nimr al-Nimr, a driving force behind the peaceful demonstrations.”

where is the outrage from obama, cameron or merkel?

” the Kingdom has constructed a massive fence around its borders, in addition to taking measures to prevent domestic sympathizers from becoming politically active inside the country.”

you cant kill an ideology out of peoples minds..

401

Alibaba founder Jack Ma tops China’s rich list

•October 31, 2014 • Leave a Comment

jack-ma.si

http://rt.com/business/200091-alibaba-china-rich-forbes/

The personal fortune of Jack Ma, the founder and executive chairman of Alibaba, jumped to $19.5 billion from $7.1 billion last year, after his e-commerce company conducted the world’s biggest IPO, Forbes magazine has said.

Alibaba, described as a mixture of Amazon, eBay and PayPal, raised almost $22 billion in a record initial public offering on the New York Stock Exchange in September.

Earlier this year Ma topped a similar list compiled by China-based luxury magazine Hurun, which estimated his wealth higher at $25 billion.

Jack Ma, a former English teacher, started Alibaba 15 years ago with $60,000 pulled together from his friends. The company is now valued at more than $240 billion dollars after listing in the US. Ma reaped more than $800 million from selling shares through the IPO, according to the company’s filings. Alibaba has more than 80 percent of China’s online e-commerce market.

The number of Chinese billionaires surged 44 percent in a year to 242 in 2014, according to the Forbes ranking. This year the richest Chinese had to make at least $700 million to get into the top ten.

Robin Li, head of the internet company Baidu, knows as the Chinese Google, came second in the Forbes list with $14.7 billion up from $11.1 billion in 2013. NASDAQ traded shares of Baidu hit record highs above $231 per share in September. Third place is taken by Ma Huateng of big Chinese online firm Tencent. His fortune jumped to $14.4 billion from $10.2 billion last year.

“The fortunes of Chinese web entrepreneurs are starting to surpass US tech icons like Paul Allen, Eric Schmidt, Jerry Yang and Sheryl Sandberg,” said Russell Flannery, senior editor and Shanghai Bureau Chief of Forbes Asia.

“That is telling us that China will compete with, if not surpass, the US for the lion’s share of new wealth to be made in an era when e-commerce and mobile services are going to become a lot more pervasive,” he added.

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jack ma..i wonder if hes related to the “li” clan?

“The number of Chinese billionaires surged 44 percent in a year to 242 in 2014″

401

Tunisia after igniting the Arab Spring sends the most fighters to Islamic State

•October 30, 2014 • Leave a Comment

tuni-MMAP-md

http://www.washingtonpost.com/world/national-security/tunisia-after-igniting-arab-spring-sends-the-most-fighters-to-islamic-state-in-syria/2014/10/28/b5db4faa-5971-11e4-8264-deed989ae9a2_story.html

Tunisian pastry chef Slim Gasmi died on a Syrian battlefield and was lionized with a hashtag: #martyrdomofabuqatada.

Gasmi, 28, had been trying to build a life for himself and his new fiancee in a working-class Tunis neighborhood, but a radical Islamist roommate persuaded him to travel to Syria to fight in that country’s civil war. By the time he was killed in April more than 1,500 miles from home, he had transformed into a warrior with a long beard and a nom de guerre, Abu Qatada, celebrated on a radical jihadist Twitter feed.

Tunisia, a small North African country of 11 million people, has become the largest source of foreign fighters joining the Islamic State and other extremist groups in Syria and Iraq, according to estimates by the Tunisian government and private analysts.

As many as 3,000 Tunisians, most of them men under 30, have joined the battle, placing this popular Mediterranean tourist destination higher than even Saudi Arabia and Jordan on the list of the homelands of the 15,000 or so foreigners fighting with the Islamic State and other radical militant groups.

That flow of Tunisian fighters is partly an unintended consequence of the Arab Spring uprising in 2011 that overthrew longtime dictator Zine el-Abidine Ben Ali and touched off popular revolutions across the region.

The moderate, Islamist-led government elected after the revolution granted new religious freedom after a half-century of harshly enforced secularism, when the state banned women’s veils and almost all other displays of piety and jailed thousands of people it suspected of holding Islamist beliefs.

That freedom was quickly exploited by Islamist radicals, who killed two politicians and at least 25 police officers and soldiers, and used newly free mosques to incite a rising tide of violence that now reaches as far as Islamic State strongholds in Syria and Iraq.

Faced with sudden bloodshed in a country that had long been a calm, European-style oasis wedged between chaotic Libya and Algeria, the post-revolution government has struggled to balance religious freedom and public security.

Human rights organizations and lawyers say the government has overemphasized security, creating a climate of repression and anger that is fueling the flow of Tunisian fighters to the Islamic State.

“For many of these young men, death in Syria is a lot better option than staying here and going to prison, and being tortured and harassed,” said Marwen Jedda, a human rights lawyer who represents many Islamist clients.

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http://seeker401.wordpress.com/2014/10/29/tunisia-election-secularists-set-to-oust-ennahda-party/

i posted on the election result yesterday..and then i saw this article..i think it ties in..the screws might go back on as secularism is enforced again..and that might bring blowback..

401

PricewaterhouseCoopers and Google to help struggling firms..lol?

•October 30, 2014 • 4 Comments

pwc

http://www.theaustralian.com.au/technology/pricewaterhousecoopers-and-google-to-help-struggling-firms/story-e6frgakx-1227105477875

INTERNET behemoth Google and consulting giant PricewaterhouseCoopers will launch a joint assault to help companies struggling in the digital age, with hundreds already in sight.

Businesses, primarily in traditional sectors like retail, publishing, and entertainment, are struggling to counter the wave of customers migrating to online mediums.

Others are grappling with ways to derive more efficiencies from technologies such as cloud computing where customers pay only for what they used instead of dishing out large chunks of capital expenditure.

The five-year alliance is part of a global push by Google and PwC to create new products and services together in areas such as cloud computing and mobility.

They will help clients collaborate better both internally and externally with their clients by combining Google’s technology with PwC’s business transformation expertise.

“In professional services we’re seeing first hand the struggles businesses are going through in making themselves relevant in this new world,” said PwC Australia chief executive Luke Sayers.

PwC will also roll out Google Apps for Work for 45,000 employees in the US and Australia, including its 5000 local employees.

PwC has signed up for Gmail, Calendar, Drive and Docs, and will pilot the products with an initial 500 staff in Australia by December. It previously used IBM’s Lotus Notes for email.

Kevin Ackhurst, who oversees Google Australia’s Apps business, the partnership will take advantage of its strong footprint in retail, manufacturing, hospitality and government.

“Those are areas we’re starting to collaborate (together).

“We expect that the (business) opportunity relates to hundreds of customers across Australia,” Mr Ackhurst said.

The executives declined to put an estimated value on the addressable market size.

The company doesn’t reveal local figures but said Google Apps more than five million users worldwide.

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1 of the big 5 global accounting firms wants to help..please..the hypocrisy is overwhelming and fuck you google..cheers..

strange logo to..whats with the pink block?

401

October 2011: Wall Street Crisis – Christmas 2014

•October 30, 2014 • 1 Comment

NewYorkStockExchange

http://www.jessicaadams.com/2011/10/17/wall-street-crisis-christmas-2014

In October 2011 the steady transit of Pluto (global transformation) through Capricorn(corporations) continues. Wall Street is under occupation as I write this. The London Stock Exchange is also occupied by protesters. Meanwhile, global currencies are failing.

The chart of the New York Stock Exchange tells a major story about Christmas 2014, as I peer three years into the future. She was ‘born’ on 17 May 1792 at 12.00 LMT in New York, USA.

The most important heavenly body in the entire chart is Ceres, a dwarf planet like Pluto, at 12 Cancer.

Ceres was reclassified as a dwarf planet in 2006, the same year that Pluto was demoted. She describes that part of you (and Wall Street) which starts out with total control, loses it, then is forced to compromise.

During the Wall Street Crash of 1929, Ceres at 12 Cancer was aspected by a range of transits.

WallStreetCrash1929

Does history repeat? Look at the road from November 12 2014 to Christmas. It is intense. It is stressful. And astrologers and astrologically savvy financiers should watch it carefully.

The trends  begin about six weeks before Christmas 2014. On 12 November, Mars is at 12 Capricorn. Juno is at 12 Leo. Vulcan is at 12 Scorpio. On 20 November, Uranus is at 12 Aries. On 26 November, Pluto is at 12 Capricorn, Uranus is at 12 Aries, Venus is at 12 Sagittarius. On 4 December, Ceres is at 12 Sagittarius, the Sun is at 12 Sagittarius, Uranus is at 12 Aries. On December 5, Mercury is at 12 Sagittarius, Uranus is at 12 Aries, Pluto is at 12 Capricorn. On December 20 (chart pictured below – click to enlarge). Venus is at 12 Capricorn, Pluto is at 12 Capricorn, the Moon is at 12 Sagittarius, Uranus is at 12 Aries, Pluto is at 12 Capricorn and Mars is at 12 Aquarius.

WallStreetDecember202014

Shall we take this apart? Okay. The New York Stock Exchange was born with major control issues around property. Land. Houses. Apartments. All forms of mortgages. Cancer has always ruled home and country. And that’s where Ceres is placed.

Ceres herself has traditionally been the enemy of Pluto. That’s what Roman history tells us. And at Christmas 2014, Pluto stands opposite her. This is a crisis.

What shape the crisis takes depends on our free will, as it always does in astrology. Is the coming crisis an issue for the USA as a whole? Yes. The USA Federal Constitution Chart shows natal Mercury (trade) very close to 12 degrees. He stands at 11 Virgo 55.

If you want to check that chart, the data is 17 September 1787, 4.00pm, Philadelphia, PA, USA.

The time for astrology-savvy financiers to act is now. Three years before it happens.

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thanks to platy for the link..

astrology buffs should be able to read this..i cant..but i do like to look at long term predictions..

“Ceres herself has traditionally been the enemy of Pluto. That’s what Roman history tells us. And at Christmas 2014, Pluto stands opposite her. This is a crisis.”

401

$40 billion: US space budget still exceeds the rest of the world combined

•October 30, 2014 • 4 Comments

NASA

http://rt.com/usa/199480-space-budget-nasa-report/

The United States spends on space programs – both civilian and defense-related – more than every other country combined, even though the NASA budget, which is a part of the program, has not grown in the recent years.

Last year the US spent about $40 billion on its space program, as China’s space budget, which is the second largest in the world, was about $11 billion in 2013; the next, Russia’s, was roughly $8.6 billion; and India’s, the fourth largest, was about $4.3 billion, says a new report by the Organization for Economic Cooperation and Development (OECD).

The report is a statistical overview of the global space sector and its contributions to economic activity, providing indicators and statistics based on both official and private data, in over forty countries with space programs.

The US space budget is divided between NASA and a number of other institutions such as the Department of Defense, Department of Energy, the Department of Transportation (Office of Commercial Space Transportation), the Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA), the Department of the Interior’s Geological Survey (USGS) and some others.

Last year NASA spent almost 18 billion of $40 billion counted by the OECD. The funding has been lowered since 2011, when the Shuttle program, operated 1981-2011, was stopped. The peak in US space spending was in 2009, when it invested $47.5 billion in exploration.

In 2014 over $5.1 billion was spent on scientific programs and over $5.2 billion for aeronautics, space technology and exploration. NASA scientific programs include Earth science ($1.785 billion), planetary science ($1.192 billion) and astrophysical programs ($659.4 million).

All these programs comprise numerous missions to study and explore the Earth, the Moon and planets of the Solar system. Some of the most famous are the Curiosity rover on Mars and the Cassini mission on Saturn. NASA takes significant part in International Space Station’s work as well.

However, NASA is often criticized for unreasonable spending.

Here: http://www.oecd-ilibrary.org/economics/the-space-economy-at-a-glance-2014_9789264217294-en

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now that is a black hole of taxpayers money..literally..

401

 
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