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WASHINGTON (Reuters) - White House hopeful Mitt Romney widened his lead over rival Newt Gingrich to 11 percentage points in Florida, according to Reuters/Ipsos online poll results on Saturday, up from 8 points a day earlier, as he cemented his front-runner status in the Republican nomination race.
"Regulators haven't been able to keep up with price manipulation in the commodities markets or any other market. Why do games persist? The short answer is because they can, and because they can be very profitable in the short run."

Read more: Implode-Explode Heavy Industries news feed

WASHINGTON/MEXICO CITY (Reuters) - The IMF is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the plan faces roadblocks from the United States and other countries.
As we've been discussing, there's been a lot of misinformation flying around concerning ACTA -- especially in the EU, where it has not yet been officially voted on. While we've tried to explain some of the problems with the agreement, there is still plenty of

Read more: Techdirt.

At the World Economic Forum, Bill Gates plans to exhort wealthy donors—especially governments—to keep funding a range of projects in the developing world, from tuberculosis drugs to maternal care and vaccines.

Read more: WSJ.com: World News

KABUL (Reuters) - Taliban fighters in Afghanistan have been enraged by a video which shows U.S. marines urinating on three corpses, believed to be insurgents, and some say they do not understand their leadership's relatively measured response to the tape.
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LONDON (Reuters) - Oil giant BP will likely agree to pay the U.S. Department of Justice $20-$25 billion next month to settle all civil and criminal charges around the Deepwater Horizon rig blast and Gulf of Mexico oil spill, a leading industry analyst predicted on Thursday.
Hungary's prime minister met EU officials in Brussels in an effort to mend strained relations and win financial backing for his indebted country from the EU and IMF.

Read more: WSJ.com: World News


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Submitted by Charles Hugh Smith from Of Two Minds

One Dam Metaphor for the 2012 Global Financial

Read more...

William Cohan has been on a tear lately. Lehman, Goldman, MF Global — he has been shooting at all of the big targets.

Last week, he took aim at the “Kangaroo Court” that passes for “Wall Street Justice.” He was of course referring to the FINRA system of arbitration. Cohan called it “the largest ongoing abdication of legal rights in America today“:

“Probably unbeknownst to the millions of people who interact

Read more...
Uhuru Kenyatta, Kenya's richest man and a presidential aspirant, resigned as finance minister four days after the International Criminal Court charged him with inciting political violence after the 2007 elections.

Read more: WSJ.com: World News

Consumers and service providers in the euro zone head into February more upbeat about their prospects, suggesting the currency area's economy may be stabilizing.

Read more: WSJ.com: World News

LISBON (Reuters) - Portugal clinched a deal on ambitious labor market reforms this week and carried out its biggest debt sale since seeking a 78-billion-euro bailout, but the challenges for the second-most risky country in the euro zone may be shifting up a gear.
France suspended its training and combat support operations in Afghanistan and threatened to pull all French troops from the country after four of its service members were killed by an Afghan soldier. Six U.S. troops were also killed in separate incident.

Read more: WSJ.com: World News

DHS Attacks Constitutional Right to Anonymity

Anonymous political speech has a special place in American history.

As leading economic blogger Tyler Durden points out:

Anonymity is a shield from the tyranny of the majority. it thus exemplifies the purpose behind the bill of rights, and of the first amendment in particular: to protect unpopular individuals from

Read more...


Via Peter Tchir of TF Market Advisors,

 

The market is back to being excited and bullish.

Yesterday’s announcement

Read more...
Nigerian President Goodluck Jonathan retired his top police officer and six of his deputies on Wednesday, in the wake of deadly attacks by an Islamist insurgency group.

Read more: WSJ.com: World News

Delhi High Court has postponed until early February hearings on petitions by Google and Facebook to quash criminal proceedings against them in a widely-watched Web censorship case.

Read more: WSJ.com: World News

(Reuters) - Starbucks Corp's reported a quarterly profit that topped Wall Street's view after global economic worries failed to weaken demand for drinks and other products from the world's biggest coffee chain.

Some mainstream market analysts chimed in after the serial S&P ratings downgrades of nine Eurozone countries, and specifically the one-notch downgrade of France from AAA to AA+ (ratings outlook still negative), to say that the market had already "priced them in" and therefore they are really no big deal. S&P had put all of these countries on negative watch back in December before the latest and unsurprisingly innocuous EU Summit, so the downgrades were no surprise.

Here are just two examples of a very pervasive and perverse logic

Read more: Implode-Explode Heavy Industries news feed

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