US government funding 'shadow' networks
Jan-03-2012--The Obama administration is funding so-called "shadow" internet and cell phone networks, which allow activists to operate independently of government controls.
The "shadow" networks are portable kits that fit in suitcases, which could maintain ad-hoc computer networks useful to activists in places where internet is either inaccessible or being monitored.
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Iran risk accounts for up to $15 of oil price
Jan-03-2012--Oil jumps nearly 3% on rising US-Iran tension, but political risk is the only real major support for oil right now. Record bets against the euro, meanwhile, trigger a bounce back above $1.30.
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Oil Rises to Six-Week High
on Global Manufacturing Expansion
Jan-03-2012- Oil climbed to a six-week high after manufacturing in the US and Asia expanded in December and as concern persisted that further sanctions against Iran may disrupt shipments.
Futures gained as much as 4 percent on the first day of trading this year as the Institute for Supply Management’s U.S. factory index rose more than expected, adding to increases in China and India.
An Iranian military official warned the U.S. against sending an aircraft carrier back to the Persian Gulf.
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Oil above $111 on Iran, China, US data
Jan-03-2012--LONDON - Crude oil rose above $111 a barrel on Tuesday as tension between Iran and the United States stirred fear of a possible disruption to oil supplies from the Middle East and as Chinese and US data showed
economic activity increasing. Military exercises in the Gulf by Iran and the movement of U.S. naval vessels in the area has raised fears of a confrontation between Tehran and Washington that could cut off oil exports from the region.
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Dollar Falls; Euro Tops $1.30
Jan-03-2012--NEW YORK—The dollar extended a decline after stronger-than-expected manufacturing data in the US added to better economic reports from Asia and Europe, giving equity markets a lift at the start of the new year. In recent trade, the euro was at $1.3049 compared with $1.2960 late Monday. The dollar was at ¥76.69, compared with ¥76.92, while the euro was at ¥100.07 compared with ¥99.46. The pound traded at $1.5647 from $1.5542, while the dollar bought 0.9324 Swiss franc from 0.9372 franc.
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Fed to forecast rates for years ahead
Jan-03-2012--The US Federal Reserve will start to publish forecasts of its own interest rates for years into the future, in a permanent shift in how the world's most important central bank conducts monetary policy.
The Fed will replace its current guidance of exceptionally low interest rates “through mid-2013” with interest rate forecasts from each Fed policymaker for both the end of 2012 and the “next few calendar years” after that. All 17 members of the rate-setting Federal Open Market Committee will also forecast when they expect interest rates to rise for the first time.
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The euro is a buy, says Jim Rogers
Jan-03-2012--Jim Rogers says despite his doubts over the EU, the euro is very oversold. The veteran investor says he may actually add more of the single currency to his portfolio, while shorting European stocks.
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A decade of the euro
Jan-03-2012--On new year's day 2002 euro notes and coins hit the streets for the first time.
They were introduced with much enthusiasm and optimism as a currency that people could actually spend in the shops. Previously-from the start of 1999 --it had been used by the world's financial markets as an accounting currency.
The idea was to lower borrowing costs and make trade and tourism easier, boosting growth and Europe's clout in the world.
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UN says chronic hunger on the rise
Jan-03-2012--The UN organisation tasked with ending famine and hunger has a new leader.
José Graziano da Silva has been outlining what needs to be done to help nearly a billion starving people. His agency, the UN's Food and Agriculture organisation, says eradicating hunger is now one of the main global challenges, and da Silva admits the organisation has its work cut out.
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Coalition to pull $30B
in gear from Afghanistan
Jan-03-2012--KABUL, Afghanistan As the pace of the drawdown of U.S. troops from Afghanistan picks up in 2012, military planners are trying to figure out how to ship huge quantities of alliance vehicles, weapons and other equipment out of the mountainous, landlocked country.
The operation requires the removal of $30 billion worth of state-of-the-art military gear by the end of 2014, when U.S. and other coalition troops are to end their combat role, a senior U.S. official said Tuesday.
Most of the American equipment will be shipped to military depots in the United States for refurbishment and then redistributed to bases around the country. Some assets will go to bases in Europe, primarily Germany, or in Asian nations like South Korea.
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Chaplain To Elite -
Vital Inside Info for 2012 - Pt. 1 & 3
Jan-03-2012--Lindsey Williams "2012 - Beginning of the End"
And remember, although the elite have their plans for 2012,
God is the one who is ultimately in control!
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PRECIOUS-
GOVERNMENT MORTGAGE RELIEF
Gold extends gains on data,
US easing hopes
Jan-03-2012--SINGAPORE - Gold edged higher on Wednesday, extending a 2.4-percent rise in the previous session on encouraging economic data from the United States and Europe, as well as expectations of further monetary easing in the United States.
* Spot gold inched up 0.2 percent to $1,606.09 an * Spot silver was little changed at $29.62, retaining
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Construction Spending in US Climbs 1.2%
Jan-03-2012--Construction Spending in US Climbs
Recent gains in the housing market, spurred in part by mortgage rates near record lows, are helping the construction industry recover from the 18-month recession that ended in June 2009. Public expenditures also climbed during the month, a sign that budget constraints may be easing.
Private construction spending climbed 1 percent in November from the prior month to $522 billion, the highest level since December 2009. Homebuilding outlays increased 2 percent, including a 2.6 percent gain in home improvement. Expenditures on single-family and multifamily housing also improved.
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