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We've talked a few times about the ridiculously unsupported and unsupportable claim by Robert Levine that the "tech industry" (by which he means "Google") is somehow destroying culture by "free riding" on content. There are so many things wrong with this argument that it would take an entire book to debunk them one by one. But, as

Read more: Techdirt.

KUALA LUMPUR/TEHRAN (Reuters) - More evidence emerged on Tuesday of the crippling impact of new sanctions on Iran, with international traders saying Tehran is having trouble buying rice, cooking oil and other staples to feed its 74 million people weeks before an election.

Only in...Paraty

Brazil's hippie-posh colonial-era coastal getaway is the only place to rent the villa of a Brazilian prince, roam the streets caked in mud and more.

Read more: WSJ.com: World News

European leaders have muddled through, and have brought the euro zone this far into 2012 without disaster. A sense of moderate optimism has even suffused financial markets. But plenty of risks remain.

Read more: WSJ.com: World News

AMMAN (Reuters) - Armored forces loyal to President Bashar al-Assad thrust deeper into the central city of Homs on Wednesday, firing rockets and mortar rounds to subdue opposition districts, activists said, a day after Russia said Assad wants peace.
The broadest measure of China's global trade surplus fell to an eight-year low in 2011, providing China with a stark counterpoint to the long-standing U.S. argument that the yuan is undervalued.

Read more: WSJ.com: World News

African nations are sacrificing billions of dollars in potential trade each year to inefficient border crossings and discordant regulations, the World Bank said.

Read more: WSJ.com: World News

Mad dash for ca$h

"The report released yesterday by bankruptcy trustee James Giddens said employees began dipping into client cash five days before MF filed for bankruptcy on Oct. 31. A shortfall that began on Oct. 26 ballooned to nearly $1.2 billion amid growing pressure to keep the firm afloat."

Read more: Implode-Explode Heavy Industries news feed

Bank Indonesia unexpectedly cut its benchmark interest rate to a record-low 5.75% in the face of easing inflation and expectations that economic growth will slow this year due to global weakness.

Read more: WSJ.com: World News


Growth stocks are defined as companies with high rates of change of earnings growth of 15% to 20% or better. Growth stocks offer the potential for share prices to rise in lockstep with their profit growth in the long run.
AMMAN (Reuters) - Syrian forces thrust into the rebellious city of Homs on Wednesday, killing dozens of civilians by the accounts of opposition activists, and Turkey appeared to be preparing a new push against President Bashar al-Assad.
A high-rise building boom in Cambodia's capital city, Phnom Penh, derailed by the 2008-2009 financial crisis, is starting up again.

Read more: WSJ.com: World News

BRUSSELS/ATHENS (Reuters) - Greek political leaders said they had clinched a deal on economic reforms and spending cuts needed to secure a second bailout, but euro zone finance ministers demanded more measures and a parliamentary seal of approval before providing the aid.
It appears that technologically clueless, reactionary politicians blaming the internet for terrorism and demanding ways to censor content are not just limited to US Senators named Lieberman. Nope, it appears that some elected officials over in the UK Read more: Techdirt.

Anticipated deep budget cuts for U.S. unmanned space programs are prompting protests from scientists on both sides of the Atlantic and pushing Europe to cooperate with Russia on future Mars exploration.

Read more: WSJ.com: World News


In a moment of surprising clarity this morning (or perhaps driven by simple ulterior motives as his favorite bank may well be unprepared to cover even this moderate cash payment from existing

Read more...
With gold trading roughly $30 higher and silver breaking solidly above the $34 level, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management, to get his take on where he sees gold and silver headed from here. Embry told KWN this will be, by far, the strongest year for gold during this entire bull market. Here is what Embry had to say about the situation: “The fact that sentiment is so poor with gold at these levels just indicates that people don’t realize what’s really unfolding.  I think the price action to begin the year has been exemplary.  It was interesting as gold was getting a head of steam going last week, out comes that bogus jobs report that led to the one day reversal in gold and silver.”

Read more: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/7_Embry_-_Golds_Rise_Will_Shock_Market_Participants_This_Year.html

Italian Prime Minister Mario Monti warned that European leaders must take concrete steps to fuel the continent's economic growth or risk threatening its future.

Read more: WSJ.com: World News

Simmering discontent among Greek politicians on Friday tested a deal reached just a day earlier to support austerity policies demanded by the government's international creditors.

Read more: WSJ.com: World News

Six Spanish banks they would set aside €11.8 billion among them in additional provisions for property risk and €5.6 billion more as an extra buffer to comply with a new government plan to clean up the financial sector.

Read more: WSJ.com: World News


UPDATE: Ironic timing...*VENIZELOS SAYS GREECE FACES CHOICE OF STAYING IN EURO OR NOT,  *GREEK DEBT SUSTAINABILITY NO WAY NEAR 120%, DE JAGER SAYS, and *ECB SHOULD CONTRIBUTE

Read more...

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