Wednesday, March 24, 2010

Euro, Stocks, Commodities Fall on Greece, Portugal Debt Concern

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2bXEc9CjsUk&pos=2
March 24 (Bloomberg) -- The euro slid to a 10-month low against the dollar, while stocks, commodities and Treasuries also retreated, as concern grew that Greece may default and Portugal's debt was downgraded by Fitch Ratings.

The euro weakened against 15 of its 16 most-traded peers at 11:57 a.m. in New York. The MSCI World Index of stocks in 23 developed nations slid 0.9 percent and the Standard & Poor's 500 Index fell 0.4 percent, retreating from an 18-month high. The Reuters/Jefferies CRB Index of commodities fell to a five-week low as oil slid 1.6 percent, copper dropped 0.9 percent and lead tumbled 3.5 percent. The yield on the benchmark 10-year Treasury note rose 8 basis points to a one-month high of 3.77 percent.

Friday, March 19, 2010

Rock star gone banker, Kiss founder loans 6 billion against life insurance at labor flat

http://www.businessweek.com/news/2010-03-19/kiss-s-simmons-says-wealthy-must-know-your-choices-update1-.html

"We have access to literally $7 billion to loan you against your life insurance policy at Libor flat," Simmons said, referring to the London interbank offered rate, a lending benchmark that was set at 0.278 percent today.

Sunday, March 14, 2010

‘Invisible Power’ of London Money Exposed as Mayor Fights Back

http://www.bloomberg.com/apps/news?pid=20601109&sid=aiIUZ7_eyGYk&pos=10

March 12 (Bloomberg) -- When money needs to talk in London, it's the lord mayor who speaks.

Nick Anstee, the 682nd mayor of the U.K. capital's financial district, is battling politicians from all parties who blame the bankers and brokers he represents for wrecking the country's economy. Taxpayers assumed more than 800 billion pounds ($1.2 trillion) of liabilities to bail out financial firms, and an election must be held by June.

"The taxpayer doesn't understand how critical the financial services industry is to them," Anstee, 51, said in an interview at his 252-year-old Mansion House residence opposite the Bank of England. "This absolutely overwhelming tide of negative attitudes has been brought about in taxpayers' minds."

City of London chiefs have championed trade and challenged politicians for centuries. They befriended William the Conqueror, helped overthrow King Charles I and one backed U.S. founding father George Washington. Yet the top lobbyist for Britain's financial services industry isn't well-known in the square mile he presides over and where 6,000 companies operate.

The lord mayor is an "invisible power" who Britons don't recognize as the representative of the banks they bailed out, said London Metropolitan University politics lecturer Maurice Glasman. He's campaigning to merge Anstee's government with that of Greater London Authority Mayor Boris Johnson, which was started in 2000 to represent the capital's 7.5 million people.

http://www.cityoflondon.gov.uk/Corporation/LGNL_Services/Leisure_and_culture/Local_history_and_heritage/Buildings_within_the_City/Mansion_house/index.htm

Sunday, March 7, 2010

My FX Book Releases Developer API

http://myfxbook.wordpress.com/2010/03/07/developers-api-and-new-language-released/ The API allows programmatic access to your account's data, allowing to create iPhone/Android applications, Facebook applications, customized widgets and more. The API area is accessible from the bottom menu (http://www.myfxbook.com/api) .

EES Forex is Financial Technology

EES Forex is Financial Technology




DEMINT: White House land grab

http://www.washingtontimes.com/news/2010/mar/02/white-house-land-grab/
You'd think the Obama administration is busy enough controlling the banks, insurance companies and automakers, but thanks to whistleblowers at the Department of the Interior, we now learn they're planning to increase their control over energy-rich land in the West.

A secret administration memo has surfaced revealing plans for the federal government to seize more than 10 million acres from Montana to New Mexico, halting job- creating activities like ranching, forestry, mining and energy development. Worse, this land grab would dry up tax revenue that's essential for funding schools, firehouses and community centers.