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Central bankers rethink their devotion to slaying inflation

"A subtle shift in monetary policymaking is afoot with a new generation of central bankers, striving to secure global economic recovery, prepared to challenge the old doctrine of inflation-fighting at all costs. Policymakers from the U.S. Federal Reserve to the Bank of Japan have reconsidered or relaxed their inflation targets and have given more emphasis to economic growth. With the financial crisis having starkly exposed central banks' failure to stave off danger, and policymakers having responded by flooding world markets with trillions of dollars in cheap funding, a small run-up in inflation may no longer be the anathema it once was." Continue reading →

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Going for gold? Don’t forget the vault

"Investors in Asia are increasingly dealing with a seemingly anachronistic problem: finding a place to stash their bars of gold. Gold is a popular choice for those seeking to diversify their holdings and spread risk but it isn't the most mobile of assets. Still, gold has been moving east, and that has created opportunities for security companies in Singapore, Hong Kong, and Shanghai -- financial hubs where the metal's popularity is soaring. Security companies are busy ordering two-ton steel doors and sophisticated monitoring systems, and hiring more armed guards as they expand their high-security vault capacity in Asia." Continue reading →

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If your going to drug up these kids in grade school , then you better do as Wayne suggests. Because these kids will return for pay back!!

Heres the question. Why do these kids come back to schools and commit these atrocities? Its simple, Pay back, for the way they were treated with drugs during elementary school.  We’re a stupid country , and there is no cure for stupid.   Fight fire with fire!  And stop drugging these kids. Its to bad they [...]

Continue ReadingIf your going to drug up these kids in grade school , then you better do as Wayne suggests. Because these kids will return for pay back!!

Why Milk Prices Could More Than Double After January 1

"Come Jan. 1, there is a threat that milk prices could rise to $6 to $8 a gallon if Congress does not pass a new farm bill that amends farm policy dating back to the Truman presidency. Without last-minute Congressional action, the government would have to follow an antiquated 1949 farm law that would force the government to buy milk at wildly inflated prices, creating higher prices in the dairy case. Milk now costs an average of $3.65 a gallon. Higher prices would be based on what dairy farm production costs were in 1949, when milk production was almost all done by hand." Continue reading →

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China’s state-run TV broadcast of ‘V for Vendetta’ shocks viewers

"China’s state-run television network shocked viewers by broadcasting 'V for Vendetta', an anarchist-themed film showing an uprising against an authoritarian government. Chinese Internet users expressed surprise after watching the broadcast, circulating subversive lines from the movie including: 'The people should not be afraid of the government, the government should be afraid of the people.' The film was once banned in mainland China, the state-run China Youth Daily reported, and was not shown in Chinese cinemas." Continue reading →

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China arrests nearly 1,000 doomsday ‘cult’ members of ‘Almighty God’

"The Christian-inspired group 'Almighty God' has been accused of spreading doomsday rumours apparently linked to the ancient Mayan Long Count calendar and urging followers to slay the 'red dragon' of communism, state media reports said. Close to 1,000 followers of the sect, which state-run media labels an 'evil cult' – the same description it applies to the banned Falun Gong group – have been held in a nationwide crackdown that began last week, state-run CCTV reported." Continue reading →

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Greece: Crony Capitalists Will Squeeze You and Freeze You

"The household price for heating oil in Greece reached 1,266 euros per 1,000 liters (264 gallons) in the second quarter of 2012, surging 48 percent from a year earlier, according to the International Energy Agency. Greeks pay both excise and value-added taxes on heating oil that can make up 42 percent of the total cost. Greece’s oil prices are high because of laws that protect the country’s two refining companies and prevent competition, said Pavlos Eleftheriadis, a lecturer in law at the University of Oxford in England, who studies monopolies. 'The Greek political system works for the insiders,' said Eleftheriadis, a native of Greece." Continue reading →

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Ecuador Central Bank President Resigns After Admitting Fake Degree

"The president of Ecuador’s central bank, Pedro Delgado, resigned late Wednesday after admitting he faked having a university degree. Mr. Delgado, a cousin of President Rafael Correa, also resigned from his administrative posts with other state agencies. 'I committed an error, a serious error 22 years ago. I made a mistaken decision in order to reach an academic goal. I made mistake and I am paying the price now,' he said." Continue reading →

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Merry Christmas! Annual “Buy Michigan” Issue

  We usually send our Annual Buy Michigan Issue earlier in the season but a “lame duck” this year caused the delay. However, these Michigan business may be patronized year round not just during Christmas. Buying Michigan not only helps our economy but also helps our fellow Michigan business owners But before we get to …

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Robert Parker’s wine ‘bible’ moving to Singapore

"Influential US wine critic Robert Parker is moving the headquarters of his newsletter to Singapore after selling a major stake to investors based in the city-state, a report said. Parker told the Wall Street Journal he intends to step down as editor-in-chief of The Wine Advocate and phase out its print edition, giving oversight to his Singapore-based Asia correspondent, Lisa Perrotti-Brown. 'The Asian market has come of age in the last decade or so, and it would be unrealistic not to expect to be part of it,' he said. He declined to name his new investors but described them as 'young visionaries' in financial services and information technology based in Singapore." Continue reading →

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