Archive for May 19th, 2010

David Charter TimesOnlineUK May 20, 2010 Shocked European ministers are preparing for emergency talks to shore up the euro after markets fell in reaction to panic measures in Germany. Angela Merkel stunned EU capitals by warning that the euro was in danger and triggered fears of a fresh financial meltdown by announcing a ban... »

The euro is under threat – along with our entire free-market system, By Edmund Conway TelegraphUK 19 May 2010 It is now accepted, even by Angela Merkel, that as Europe battles its financial crisis, the very fate of the euro is at stake. Her belated discovery of this home truth is welcome, but she... »

Bangkok is in flames as the government admits it lost control when protesters set fire to key buildings in the city following a day of running battles with troops which left 12 dead and 60 injured. Damien McElroy and Ian MacKinnon TelegraphUK 19 May 2010 Rioters set fires at the stock exchange, electricity headquarters,... »

By John Berlau CampaignForLiberty.com 05/19/10 There are many bad things contained in Chris Dodd’s “Restoring American Financial Stability Act,” the financial regulatory “reform” bill that after filibustering for three days — with the assistance of Nebraska Democrat Ben Nelson — Republicans agreed to let come to the floor for amendment and debate. On Monday... »

By: Bob Chapman GoldSeek.comWednesday, 19 May 2010 US MARKETS The initial official excuse for such a perceptions drop in the Dow was a wrong keystroke, which is ludicrous. Then there is the almost total control by Goldman Sachs of the market and control via the Supplementary Liquidity Provider. All they have to do is... »

by Tyler Durden ZeroHedge.com 05/19/2010 Earlier today we disclosed what were not one but several massive central bank interventions in the Euro-Swiss Franc exchange rate. The intervention was large enough to push the rate up by 300 pips, a gargantuan amount in a world where applied leverage is often in the thousands. The amount... »

By: Adrian Ash GoldSeek.com Wednesday, 19 May 2010 London Gold Market Report THE PRICE OF GOLD fell hard versus the surging US Dollar in Asia and London on Wednesday, falling to a 1-week low of $1202 an ounce as world stock markets and commodities also sank. Banned by German regulators from making “naked” bets... »

The US government has announced that it was nearly tripling the size of an area in the Gulf of Mexico that’s closed to fishing because of a massive oil spill off the coast of Louisiana. TelegraphUK 19 May 2010 The National Oceanic and Atmospheric Administration has closed nearly 46,000 square miles, or about 19... »

Scale of disaster apparent as no-fishing zone doubles and controversial dispersant is used Suzanne Goldenberg Guardian.co.uk Tuesday 18 May 2010 There was mounting evidence last night that the scale of the oil spill disaster in the Gulf of Mexico has grown beyond all the initial worst-case scenarios, as thousands of gallons of oil continued... »

By Robert Trigaux TampaBay.com May 18, 2010 A Moody’s report released Tuesday on the potential impact of the oil spill on Florida warns it could hurt the state on a major scale. “The state’s high dependence on tourism dollars and jobs is significant and a gradually worsening disaster associated with any part of Florida’s... »