27 September 2013 - 6:24 am
Detailed negotiations over Iran’s nuclear programme will start in Geneva next month, it was announced on Thursday, following a meeting in New York that included one of the few encounters between senior US and Iranian officials since the 1979 Islamic revolution.
US secretary of state John Kerry sat next to his new Iranian counterpart Mohammad Javad Zarif at a meeting on the sidelines of the UN which also brought together the other powers involved in talks over Iran’s nuclear activities.
The meeting completed an intense week of diplomacy at the UN by Iran which has insisted it wants to “jump-start” negotiations and said it hopes to secure a deal within six months.
Catherine Ashton, the EU’s foreign policy chief who chaired the meeting, said detailed talks would be held on October 15 and 16. Iran has been negotiating about its nuclear programme – which Tehran says is solely for peaceful, civilian energy purposes but which many governments believe is a prelude to building a weapons – with the powers known as the E3 plus 3, which comprises the US, UK, France, Germany, Russia and China. >> Read More
24 September 2013 - 12:31 pm
An apex body of American manufacturers has launched a massive anti-India campaign just ahead of Prime Minister Manmohan Singh’s United States visit, protesting India’s allegedly discriminatory trade practises.
The National Association of Manufacturers (NAM) is launching digital and print advertisements in New York and Washington, in major publications like POLITICO, Wall Street Journal, The Washington Post, Financial Times, Roll Call and The Hill.
“Manufacturers and Congress Agree: India must play fair on trade,” one of the advertisements said. The total amount being spend by NAM on this campaign is not clear.
“At a time when Washington can’t agree on much, there is overwhelming bipartisan opposition to India’s discriminatory trade practises, with over 170 house members and 40 recently signing letters urging Secretary (John) Kerry to take action,” NAM said in statement.
The move comes after a series of campaign urging the Obama Administration to press India on addressing concerns over several Indian trade and business policies.
Singh is scheduled to meet US President Barack Obama at the White House next Friday during which economic issues are expected to be a major topics of discussion, according to White House officials.
Through its campaign, NAM has urged the Obama Administration to raise their concerns at the highest levels of the Indian government and to coordinate closely with the European Union and other like-minded economies. >> Read More
30 August 2013 - 11:39 am
The Central Intelligence Agency has grown rapidly in recent years to devour the largest share of the $52.6bn annual US intelligence budget, according to an unprecedented breakdown of funding for the country’s array of spy agencies.
Details were published by the Washington Post newspaper – the latest disclosure about US intelligence based on documents leaked by Edward Snowden, the former spy agency contractor-turned-whistleblower, now residing in Russia.
The total amount of US spending on intelligence has been published since 2007, after Congress overcame lengthy opposition from the agencies for any level of disclosure. The spending is contained in the Pentagon budget.
However, the US has never published a breakdown of each agency’s budget, and how each spends the money allocated to it by Congress.
“They must be pulling their hair out at all the 16 agencies about this – this is the family jewels,” said Gordon Adams of American University in Washington, who is a former US government budget official. >> Read More
From the Times:
Although the officials cautioned that Mr. Obama had not made a final decision, all indications suggest that the strike could occur as soon as United Nations inspectors, who are investigating the Aug. 21 attack that killed hundreds of Syrians, leave the country. They are scheduled to depart Damascus, the capital, on Saturday.
Ahead of the British House of Commons vote, the Obama administration had already signaled they would go without U.K. support in Syria if necessary. >> Read More
Jeff Bezos, the billionaire founder of online retailer Amazon, has agreed to buy the Washington Post newspaper for $250m.
The surprise deal is the biggest venture so far into the news business by Mr Bezos. The billionaire, whose fortune is estimated at $22.5bn by Forbes, already owns a stake in Business Insider.
Mr Bezos said: “Our duty to readers will continue to be the heart of the Post, and I am very optimistic about the future.”
The acquisition comes as sales of the Washington Post decline alongside those of many rival newspapers.
Donald Graham, the chief executive of The Washington Post Group, said he decided to
Sell only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post (after a transaction that would be in the best interest of our shareholders).
Jeff Bezos’ proven technology and business genius, his long-term approach and his personal decency make him a uniquely good new owner for the Post. >> Read More
I hope the Fed knows what it is doing.
It has chosen to tighten monetary policy even though core PCE inflation is actually lower right now than it was when the Fed previously thought it dangerous enough to launch further QE. America is one shock away from a slide into outright deflation, and the eurozone is half a shock away.
Anyone who still thinks the Fed has not just tightened significantly – or that markets have overreacted – should read this lament by St Louis Fed chief James Bullard in the Washington Post:
This was tighter policy. It’s all about tighter policy. You can communicate it one way or another way, but the markets are saying that they’re pulling up the probability we’re going to withdraw from the QE program sooner than they expected, and that’s having a big influence.
Here is M1 money to cheer you up: >> Read More
Hackers have accessed designs for more than two dozen major U.S. weapons systems, according to a devastating classified report from a Pentagon advisor seen by the Washington Post.
Although the report from the Defense Science Board did not identify the hackers, senior military and industry officials with knowledge of the breaches say they come primarily from China, according to Ellen Nakashima of the Post.
A public version of the report released in January warned of an “existential cyber attack” with “potentially spectacular” effects.
Some of the more disturbing leaks include designs for cutting edge jets, missile systems, and electronic warfare technology.
Here’s a partial list of compromised designs: >> Read More
The Washington Post has obtained footage of hedge funder Paul Tudor Jones from a panel discussion at the University of Virginia last month with fellow fund managers John Griffin and Julian Robertson.
During the panel discussion, PTJ made some comments that the biggest killers to trading success are divorce and women having babies.
Here’s what he does when on of his manager’s is going through a divorce:
“… Like, one of my No. 1 rules as an investor is as soon as my manager, if I find out that manager is going through divorce, redeem immediately. Because the emotional distraction that comes from divorce is so overwhelming. The idea that you could think straight for 60 seconds and be able to make a rational decision is impossible, particularly when their kids are involved. You can automatically subtract 10 to 20% from any manager if he is going through divorce.”
Watch the video below: Don’t Miss to WATCH
It seems as if those engaged in food fraud just want to keep escalating their game. First we were horrified by horse meat and fake tuna,then dog meat, but now it’s gotten worse. Much worse. In China, the food fraudsters have take things to an entirely new level by mixing rat, fox and mink meat with gelatin additives and passing it off as lamb. You may want to avoid that food cart next time you’re in Shanghai. From The Washington Post:
BEIJING — Chinese police have broken up a criminal ring accused of taking meat from rats and foxes and selling it as lamb in the country’s latest food safety scandal. The Ministry of Public Security released results of a three-month crackdown on food safety violators, saying in a statement that authorities investigated more than 380 cases and arrested 904 suspects.
Among those arrested were 63 people who allegedly ran an operation in Shanghai and the coastal city of Wuxi that bought fox, mink, rat and other meat that had not been tested for quality and safety, processed it with additives like gelatin and passed it off as lamb. >> Read More