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An assailant on a motorcycle attached magnetic bombs to the car of an Iranian university professor specializing in petroleum, killing him and wounding two others.

Read more: WSJ.com: World News


The final result for 2011 is in: hedge funds posted one of their worst annual performances ever, according to data released on Monday. The average hedge fund sank 4.8 percent in 2011, data compiled by Hedge Fund Research showed.
Read more...


From RanSquawk

  • Markets climb on the back of Fitch comments stating France should not expect a ratings downgrade throughout
Read more...
Way back in the beginning of 2008, we wrote about how the Indian government was demanding that various mobile suppliers provide backdoors so it could intercept emails and text messages. In 2010, we wrote about further demands to spy on Gmail and Skype. Finally, at the end of 2010, the fact that various providers were providing backdoors to the

Read more: Techdirt

At a recent campaign stop, a small business owner asked Mitt Romney for his opinion on SOPA, noting that it would likely kill her business. Romney responded without discussing the bills specifically, but said that he's totally against bills like this that just focus on "stopping bad acts," and that he wants politicians to focus on encouraging businesses to do good

Read more: Techdirt

Taiwan President Ma Ying-jeou's policy of economic opening to China has frustrated a key constituency: struggling middle and low-income workers, who could cost him elections this week.

Read more: WSJ.com: World News


2012 believers believe that cataclysmic or transformative events will occur in the year 2012. Skeptics, however, do not believe anything significant will happen.   via Related Articles Read more...

OJ Up.... Then Down


After soaring yesterday, Orange Juice is plunging today, which more than anything should remind us that despite all the "financial innovation" and Fed intervention and manipulation, there is

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My favorite line: "In a nutshell, complex systems arise spontaneously, behave unpredictably, exhaust resources and collapse catastrophically." I think this applies to everything, physical systems,

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  • Italy Is Biggest Risk to Euro, Says Fitch (WSJ)
  • Greek Bailout in Peril ( Read more...
Malaysian opposition leader Anwar Ibrahim was acquitted on sodomy charges after a two-year trial that has polarized this divided multiethnic nation.

Read more: WSJ.com: World News

BEIJING (Reuters) - Treasury Secretary Timothy Geithner appealed for Chinese cooperation on nuclear non-proliferation on Wednesday in Beijing, as he sought Chinese help on the White House's efforts to toughen sanctions on Iran.
``Led by Japan's $3 trillion and the U.S.'s $2.8 trillion, the amount coming due for the Group of Seven nations and Brazil, Russia, India and China is up from $7.4 trillion at this time last year, according to data compiled by Bloomberg. Ten-year bond yields will be higher by year-end for at least seven of the countries, forecasts show.''

Read more: Implode-Explode Heavy Industries news feed


Banco de Sabadell is erecting or completing these buildings, pictured, on land it owns or financed near Barcelona.MADRID—On a weedy dirt lot here, lender Bankia is pursuing its answer to a banking and property crisis that has left Spain with…
A national strike paralyzed much of Nigeria, with more than 10,000 demonstrators swarming its commercial capital to protest soaring fuel prices and decades of government corruption in the oil-rich country.

Read more: WSJ.com: World News


The January 2012 numbers for Social Security (SS) show a mixed picture. The results mirror what is going on in the economy. There is clear evidence that revenues at SS are recovering; there is

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Swiss National Bank President Hildebrand has resigned in the wake of a scandal involving currency trades, removing a bank chief who has generated both controversy and plaudits during his two-year tenure.

Read more: WSJ.com: World News


While Ireland's bond performance is often held up as evidence that living-standard-crushing austerity can indeed lead to positive developments, Citgroup's chief economist William Buiter suggests,

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Apparently insider trading for politicians and their family is not limited to the USA…. My kind of story in the  Read more...
While the debates about SOPA/PIPA have been raging all over the internet, and appearing regularly in all sorts of mainstream newspapers, they still have been almost entirely absent from TV news. We've discussed this in the past, noting that the major TV news players are all owned by media conglomerates who have been

Read more: Techdirt


I was shocked when I read this headline, and thought that it was from some conspiratorial (un-named) financial website. But it is actually true, Portugal’s PM suggested that the unemployed leave the country! If that is not a bad sign for the Euro-Zone, I do not know what is…  …

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