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Daily Dispatches
Kevin Horrigan: A Wall Street Christmas story
Submitted by cpowell on Sun, 2006-12-17 19:50 Section: Daily DispatchesBy Kevin Horrigan
St. Louis Post-Dispatch
Sunday, Dec. 17 2006
http://www.stltoday.com/stltoday/news/columnists.nsf/kevinhorrigan/story...
The child snuggled on my lap, the lights of the tree twinkling in her bright eyes. "Grandpa," she said, "tell me a Christmas story."
The one about the baby in the manger, the angels, and the shepherds?
"Not that one."
Honest accounting would raise U.S. budget deficit by 81%
Submitted by cpowell on Sun, 2006-12-17 18:40 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
via San Jose (Calif.) Mercury News
Friday, December 15, 2006
http://www.mercurynews.com/mld/mercurynews/business/financial_markets/16...
WASHINGTON -- The federal deficit for 2006 would have been 81 percent higher than the $247.7 billion that was reported two months ago if the government had to use the same accounting methods as private companies.
Two Internet radio interviews for GATA Chairman Murphy
Submitted by cpowell on Sat, 2006-12-16 20:54 Section: Daily Dispatches8:37p ET Saturday, December 16, 2006
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed today on Jim Puplava's "Financial Sense Newshour." You can listen to it in the third hour segment here:
http://www.netcastdaily.com/fsnewshour.htm
Murphy was also interviewed yesterday by the Christian Financial Radio Network, and you can listen to it here:
http://podcast.streetiq.com/streetiq?ChannelID=3132&GUID=684168&Page=Med...
Weak dollar has mixed results for U.S. businesses
Submitted by cpowell on Sat, 2006-12-16 11:53 Section: Daily DispatchesBy Ashley M. Heher
Associated Press
via Journal Gazette and Times-Courier
Mattoon, Illinois
Friday, December 15, 2006
http://www.jg-tc.com/articles/2006/12/16/ap-state-il/d8m1dgr80.txt
CHICAGO -- A weakened U.S. dollar used to mean big money for domestic manufacturers such as Draper Inc.
Not anymore.
As late as 2004 employees at the Spiceland, Ind.-based company would study European currency shifts weekly. A weak dollar, which makes the company's blinds and projection screens cheaper for overseas customers, once led to a 40 percent boost in demand for its exports.
Barrick may bid for Freeport, CIBC research note says
Submitted by cpowell on Fri, 2006-12-15 21:10 Section: Daily DispatchesBarrick Gold May Bid
for Freeport-McMoRan,
CIBC Says
By Rob Delaney
Bloomberg News Service
Friday, December 15, 2006
http://www.bloomberg.com/apps/news?pid=20601082&sid=abYbt22t6fsk
TORONTO -- Barrick Gold Corp., the world's biggest gold producer, may make a bid for Freeport-McMoRan Copper & Gold Inc. to boost reserves and lower operating costs, CIBC World Markets Inc. said in a research note.
MineWeb covers Blanchard report on need to disclose central bank gold lending
Submitted by cpowell on Fri, 2006-12-15 09:03 Section: Daily Dispatches8:55a ET Friday, December 15, 2006
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich has written an excellent story about the Blanchard report on the need for transparency and accountability in central bank gold lending. You can find it here:
http://www.mineweb.net/gold_silver/522719.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Join GATA
Don't resent coin melting ban; it's a great victory for gold and silver
Submitted by cpowell on Thu, 2006-12-14 22:18 Section: Daily Dispatches10p ET Thursday, December 14, 2006
Dear Friend of GATA and Gold:
People are questioning the authority of the United States Mint to ban the melting and export of U.S. coins, as the Mint today proclaimed its intent to do in regard to pennies and nickels:
Most of the news stories on the subject seem not to have specified this authority, and neither did the mint's own statement, appended here.
GATA's international press release to publicize Blanchard report on gold lending
Submitted by cpowell on Thu, 2006-12-14 09:19 Section: Daily DispatchesGATA: Secrecy of Gold Lending
Condemned in New Study
International Press Release
via Business Wire
Thursday December 14, 2006, 8:30a ET
http://biz.yahoo.com/bw/061214/20061214005415.html?.v=1
MANCHESTER, Conn. -- (BUSINESS WIRE) -- Lending of gold by central banks depresses the price and the only possible reasons for the secrecy around it are manipulation of the gold market and the enrichment, through inside information, of the financial houses to which central banks lend their gold, a study by New Orleans coin and bullion dealer Blanchard & Co. has found.
In Beijing, U.S. delegation presses 'currency flexibility'
Submitted by cpowell on Thu, 2006-12-14 01:29 Section: Daily DispatchesPaulson Plans to Press China on Currency
By Joe McDonald
Associated Press
Thursday, December 14, 2006
http://news.yahoo.com/s/ap/20061214/ap_on_bi_ge/china_us_trade
BEIJING -- U.S. Treasury Secretary Henry Paulson said Thursday he would press Beijing over market access and its currency as he and top Chinese officials opened talks amid demands by American critics for quick action on trade disputes.
U.S. mortgage delinquency rate rises sharply
Submitted by cpowell on Thu, 2006-12-14 01:22 Section: Daily DispatchesLate Mortgage Payments Jump in Summer
By Jeannine Aversa
Associated Press
Wednesday, December 13, 2006
http://news.yahoo.com/s/ap/20061213/ap_on_bi_ge/late_mortgages
Late mortgage payments shot up in the third quarter as higher interest rates squeezed budgets and made it harder for homeowners -- especially those with weaker credit records -- to keep up with their monthly obligations.
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