Gold ETFs in India touch 40 tonne (40,000 kilo)

"The government's import restrictions are hurting the populace. The only organisation not worried, as of now, are gold backed exchange traded funds. Worried investors are veering towards the country’s 14 gold exchange traded funds (ETFs), which together have garnered 40,000 kilo of the precious metal. Gold ETFs debuted in India about six years ago. The first gold ETF launched in 2007 by Benchmark Mutual Fund (now Goldman Sachs) was followed by 13 others in quick succession. The 14 mutual fund houses present in this segment are managing gold assets worth nearly $2.2 billion (Rs 120 billion)." Continue reading

Continue ReadingGold ETFs in India touch 40 tonne (40,000 kilo)

Get ready for Washington’s “Automatic IRAs”

"The basic gist is that businesses with 10 or more employees would be required to start funding a new form of individual retirement account. While businesses that already have retirement plans would be exempt, it’s estimated the legislation would affect about 40 percent of the U.S. workforce. Employees would be automatically enrolled. What kind of investment choices would be offered? That’s not clear yet, though Mr. John — the initial creator — has said: 'There could be an R-Bond account at Treasury for first-time savers, but that money would be rolled into private sector accounts once the individual accounts reached a certain size.'" Continue reading

Continue ReadingGet ready for Washington’s “Automatic IRAs”

Get ready for Washington’s “Automatic IRAs”

"The basic gist is that businesses with 10 or more employees would be required to start funding a new form of individual retirement account. While businesses that already have retirement plans would be exempt, it’s estimated the legislation would affect about 40 percent of the U.S. workforce. Employees would be automatically enrolled. What kind of investment choices would be offered? That’s not clear yet, though Mr. John — the initial creator — has said: 'There could be an R-Bond account at Treasury for first-time savers, but that money would be rolled into private sector accounts once the individual accounts reached a certain size.'" Continue reading

Continue ReadingGet ready for Washington’s “Automatic IRAs”

Marijuana Fights Cancer and Helps Manage Side Effects, Researchers Find

"Cristina Sanchez, a young biologist at Complutense University in Madrid, was studying cell metabolism when she noticed something peculiar. She had been screening brain cancer cells because they grow faster than normal cell lines and thus are useful for research purposes. But the cancer cells died each time they were exposed to tetrahydrocannabinol (THC), the principal psychoactive ingredient of marijuana. Instead of gaining insight into how cells function, Sanchez had stumbled upon the anti-cancer properties of THC." Continue reading

Continue ReadingMarijuana Fights Cancer and Helps Manage Side Effects, Researchers Find

America’s Secret War in North Africa Behind Benghazi Attack

"Behind closed doors, President Obama had given his counterterrorism adviser, John Brennan, carte blanche to run operations in North Africa and the Middle East. In 2012, a secret war across North Africa was well underway. With JSOC, Brennan waged his own unilateral operations in North Africa outside of the traditional command structure. The aftermath of one of these secret raids into Libya would have grave consequences for all of them. SOFREP believes the Benghazi attack on 9/11/12 was blowback from the late-summer JSOC operations that were threatening the Al Qaeda-aligned militant groups (including Ansar Al-Sharia) in Libya and North Africa." Continue reading

Continue ReadingAmerica’s Secret War in North Africa Behind Benghazi Attack

Watch Iran’s $40-Million Oil Rig Collapse Into The Sea

"An Iranian oil rig that cost $40 million and weighs more than 4 million pounds sank in the Persian Gulf last week, news.com.au reports. Workers rushed to get off the rig—which belongs to Iran's Revolutionary Guard and took 30 months to build—as it disappeared into Iran's South Pars gas field in about 10 seconds. Last month Iran’s oil minister acknowledged in a report that oil sales were down 40 percent and income dropped 45 percent in the previous nine months, largely because of U.S. sanctions aimed at curbing the country's disputed nuclear program. Nevertheless, China has been purchasing more in recent months." Continue reading

Continue ReadingWatch Iran’s $40-Million Oil Rig Collapse Into The Sea

Homeland Security Watchdog OKs ‘Suspicionless’ Seizure of Electronic Devices Along Border

"The Department of Homeland Security’s civil rights watchdog has concluded that travelers along the nation’s borders may have their electronics seized and the contents of those devices examined for any reason whatsoever — all in the name of national security. The President George W. Bush administration first announced the suspicionless, electronics search rules in 2008. The President Barack Obama administration followed up with virtually the same rules a year later. Between 2008 and 2010, 6,500 persons had their electronic devices searched along the U.S. border, according to DHS data." Continue reading

Continue ReadingHomeland Security Watchdog OKs ‘Suspicionless’ Seizure of Electronic Devices Along Border

FEMA Camp Bill Is Resurrected

"It looks as if Representative Alcee Hastings, a Democrat from Florida, has decided to reintroduce his FEMA Camp bill. The latest iteration of this bill has been introduced as House Resolution 390 otherwise known as the National Emergency Centers Establishment Act. This bill would authorize not fewer than 6 military installations as sites for the establishment of national emergency centers to be run by FEMA under the command of the Secretary of Homeland Security." Continue reading

Continue ReadingFEMA Camp Bill Is Resurrected

Christopher Dorner Becomes First Human Target For Drones On US Soil

"It was revealed that Dorner has become the first human target for remotely-controlled airborne drones on US soil. A senior police source said: 'The thermal imaging cameras the drones use may be our only hope of finding him. On the ground, it’s like looking for a needle in a haystack.' Asked directly if drones have already been deployed, Riverside Police Chief Sergio Diaz, who is jointly leading the task force, said: 'We are using all the tools at our disposal.'" Continue reading

Continue ReadingChristopher Dorner Becomes First Human Target For Drones On US Soil