The market reacted 72 hours ago from it. SPX fell 25 points when Israel and Hamas escalated their military confrontation on Tuesday, with Israel carrying out extensive air attacks in response to heavy rocket fire and authorizing a major call-up of army reserves for an extended campaign against militants in Gaza.
(Reuters) - German politicians reacted angrily on Wednesday to news of a suspected U.S. spy in the defense ministry, which came days after the arrest of a German foreign intelligence agency worker as a suspected CIA informant.
Merkel has already said the arrest last week of a low-level official of Germany's foreign intelligence agency, known as the BND, for spying for the United States would, if confirmed, be a "serious case". But she also says it will not affect transatlantic free trade talks.
The chancellor faces political fallout for not criticizing President Barack Obama sufficiently for alleged surveillance in Germany by the U.S. National Security Agency, which targeted her mobile phone for eavesdropping.
The 31-year-old BND agent arrested last week admitted to passing documents to a U.S. contact, including details of a parliamentary committee's investigation of former U.S. intelligence contractor Edward Snowden's allegations of American spying in Germany.
The CIA and other U.S. government agencies declined to comment on the cases. However, U.S. officials acknowledged to Reuters that the CIA had been involved in recruiting the BND official as an informant, and did not dispute German media reports that his initial recruitment occurred two years ago.
Prophecies are best left to prophets....
GS, MS, ALK in 2012-13 to be specific.
No one who frequents this forum needs to be reminded of your idiocy.
You become more desperate for attention as each day passes.
You are only qualified to perform one task in our society.
Do not ignore your career opportunities as a gibberish language instructor.
The inflation reported is for the previous twelve months.
The markets a forward looking.
Inflation expectations are increasing.
Please leave the prophecies to me....
There is not an Information blackout on this news. The N.Y. Times reported that Netanyahu, would not rule out a ground invasion to stop the barrages of rockets from Palestinian militants. The subject is a false supposition.
What did you know about the Skylark Trojan or yesterday's admittance by world's largest software maker that identified at least another 4.7 million infected machines from the MSM?
1 hour ago in the online version of the N.Y. Times
Israeli Leader Says He Feels No Pressure to Quit Bombing Gaza
By ISABEL KERSHNER, FARES AKRAM and RICK GLADSTONEJULY 11, 2014
JERUSALEM — Brushing aside criticism of Israel’s four-day-old aerial attacks on Gaza, Prime Minister Benjamin Netanyahu said Friday he felt no international pressure to quit the operation and would not rule out a ground invasion to stop the barrages of rockets from Palestinian militants.
“We are weighing all possibilities and preparing for all possibilities,” Mr. Netanyahu told reporters at a news conference in Tel Aviv. Mr. Netanyahu, who has spoken with the leaders of the United States, Russia and the United Nations among others since Israel began the aerial assaults, said the Israelis had hit more than 1,000 targets in Gaza and still had more to go.
“No international pressure will prevent us from striking the terrorists who are attacking us,” Mr. Netanyahu was quoted by news agencies as saying.
Who was behind Shylock Trojan?
An operation was conducted at Europol's European Cybercrime Centre at The Hague in Netherlands, and saw investigators from the NCA, the FBI and from law enforcement agencies in Netherlands, Turkey and Italy work together to coordinate the action in their respective countries. Law enforcement agencies from Germany, Poland and France also took part in the mission, albeit by operating from within their own countries.
" According to former Met Police Computer Crime Unit detective , Adrian Culley ; "The Shylock attack had a not-insignificant amount of social engineering associated with it. Only time will tell to what degree this executive action has disrupted and/or dismantled the operation."
MSM's reluctance to expose a meaningful threat to personal financial security continues.
Yesterday the world's largest software maker identified at least another 4.7 million infected machines.
~You have had a great deal of difficulty understanding why this rally continued~
A summation that incongruously fails to recognize that hyperinflationhyenas is FOS.
Shall we revisit this question?
Portugal's central bank has assured investors today that their country's financial system is sound.
A #$%$78 billion rescue program by the EU and the IMF in 2011 for nearly bankrupt Portugal was formally concluded in May.
In June the European Union reported that Portugal will remain under fiscal surveillance until 2045.
It is not supposititious of me to concluded that this subject is beyond the cognitive capabilities of today's yahoo financial SPY message board participants.
You post hundreds of messages on the yahoo financial SPY message board, most if not all, are filled with nonsense.
Why would anyone look to you for a logical assessment on any subject at all?
From the WSJ
Banks Face Added Capital Requirements
Basel Committee May Reduce Lenders' Latitude on Weighing Risk
By VIKTORIA DENDRINOU And DAVID ENRICH
July 6, 2014 8:22 p.m. ET
Global banking regulators are considering new measures that would make it harder for banks to understate the riskiness of their assets, including potentially ending the long-standing treatment of all government bonds as automatically risk-free, according to people familiar with the discussions.
The changes under consideration by the Basel Committee on Banking Supervision, the Switzerland-based group that sets global banking rules, could force banks to raise billions of dollars in extra capital.
In Belgium, KBC Groep NV, the country's biggest lender by market value, said in May that its risk-weighted assets had climbed by #$%$4.4 billion because it had stopped applying zero-percent risk weights to its portfolio of Belgian, Czech, Slovakian and Hungarian government bonds. KBC said it was asked to do so by Belgium's central bank.
Basel officials had hoped that increased regulatory scrutiny of how banks calculate their risk weightings would prompt the industry to change its practices voluntarily, but they haven't seen evidence of that happening, according to a person familiar with the committee's thinking.
That is an old news item. Carmen Segarra’s claim that she was dismissed for not withdrawing a critical finding about Goldman Sachs is not protected by federal law.
U.S. District Judge Ronnie Abrams in New York ruled in April that the assertion by Carmen Segarra that supervisors retaliated against her failed to fall within the whistleblower statute under which she filed her case.
Abrams’ ruling also recounts how, she as the judge had to disclose to the parties in the case that her husband, Greg Andres, a partner at the law firm Davis Polk & Wardwell in New York, was representing Goldman Sachs in an advisory capacity.
Yesterday in Bloomberg news.
Fed Chair Janet Yellen said at a press conference in Washington last week that the U.S. central bank is “using supervisory tools and regulations, both to make the financial system more robust and to pay particular attention to areas where we’ve spotted concerns, like leveraged lending.”
Speculative-grade loans have returned 2.3 percent this year, compared with 5 percent in all of 2013, according to the S&P/LSTA U.S. Leveraged Loan 100 index. The debt has returned about 99 percent since the end of 2008, the year Lehman Brothers Holdings Inc. collapsed, the index shows.
There may be more of a “crackdown” by regulators during the second half of this year, Brian Kleinhanzl, an analyst with KBW in New York, said in a telephone interview. Todd Vermilyea, a Fed regulator, said in May that standards “have continued to deteriorate in 2014” and that “stronger supervisory action” may be needed.
Financial institutions fight back.
Backroom deals could cripple bank regulation
By Patricia Ranald
Posted 9 hours 12 minutes ago
Secretive trade talks reveal a worrying push towards financial deregulation on a global scale. The Australian government should oppose this hidden agenda and ensure consumers are well protected, writes Patricia Ranald.
WikiLeaks has revealed yet another set of secret trade talks, this time between Australia, the US, Japan, the EU and 19 other governments, on proposals to radically deregulate financial services.
At a time when many governments are still attempting to re-regulate the financial sector after the disaster of the Global Financial Crisis (GFC), proposals in this document would prevent governments from protecting consumers and responding to future financial crises.
The leaked chapter aims to open up national economies to greater foreign investment in banking and financial services, with no limitations on levels of foreign investment or numbers of investors, and minimal levels of national regulation.
This contradicts the global trend in regulation of financial services. Deregulation of financial systems, especially in the US was a major cause of the GFC. This permitted banks and other financial institutions to operate without adequate consumer protections, to invent and invest in ever riskier financial products and to engage more easily in national and international mergers.
These changes spread toxic "sub-prime" mortgage investment securities from the US throughout the world and created banks that were "too big to fail".