A B C D E F G H I J K
  HISTORICAL NEXUS: WORLD EVENTS, TOP NEWS AND CATEGORIES: 1-JAN-12 - 10-APR-12
From 01-Jan-12
To 10-Apr-12 OK
Days 101 OK
News Items 560 Copyright © 2011-2012 by Macroknow Inc. All Rights Reserved.
Date News Categories Authors Title X World Event Source/Link Item
1-Jan-12 GOV OIL JUST Venezuela Ordered to Pay ExxonMobil in Assets Dispute Venezuela was ordered to pay Exxon Mobil $908 million in a legal dispute regarding the nationalizing of Venezuela's oil assets; Exxon Mobil had sought $7 billion VOA News-Reuters 1
2-Jan-12 PRO LAW Palko Karasz; Melissa Eddy Opposition Protests Constitution in Hungary Hungary: tens of the thousands protest the new “majoritarian” Constitution which gives the government anti democratic control over the news media and over the courts NYT 2
2-Jan-12 DEBT GOLD JOBS Niki Kitsantonis In Greece’s Sour Economy, Some Shops Are Thriving Greece: pawnshops and gold dealers are thriving while Greece's economy is shrinking, employees are being laid off en masse, and 1-in-4 small businesses are closing; some gold dealers buy gold teeth; some 80% of pawnshops and gold dealers were found guilty of tax evasion NYT 3
3-Jan-12 BANK DEBT BUS E. Scott Reckard Bank of America severing some small-business credit lines Bank of America is reportedly squeezing, calling or severing loans to small businesses; alternatively, it is reportedly demanding much higher interest rates Los Angeles Times 4
3-Jan-12 M&A ENER Total expands its position in the USA, entering the Utica Shale formation in Ohio Total E&P USA, Inc. agreed to enter into a Joint Venture with Chesapeake Exploration, L.L.C., a subsidiary of Chesapeake Energy Corporation and affiliates of its partner EnerVest Ltd.; Total to acquire a 25% interest in Chesapeake’s and EnerVest’s liquids-rich area of the Utica shale play in the state of Ohio, USA; the transaction is valued at $2.33 billion. Total 5
3-Jan-12 JOBS Dominic Laurie European Grads Target China Job Market for Employment European graduates are seeking jobs in China. Jobless rates for 16-25-year-olds by country: UK, 1 in 5; Spain, 2 in 5 VOA News 6
3-Jan-12 M&A ENER Athabasca Exercises its Option to Sell its Interest in the MacKay River Oil Sands Project Athabasca Oil Sands Corp. to sell its 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Limited, a subsidiary of PetroChina International Investment Limited; the deal is valued at $680 million (Cdn.) in cash Athabasca Oil Sands Corporation 7
3-Jan-12 FIN Sree Vidya Bhaktavatsalam; Christian Baumgaertel (ed.) Pimco Total Return Saw $5B in ’11 Withdrawals Pimco Total Return Fund had $5 billion in client redemptions in 2011 [source: Morningstar Inc.] Bloomberg 8
3-Jan-12 REL GOV VIO Edward Wong Violent Clashes Reported in China Over Mosque Demolition China: violent clashes between Muslims protecting their mosque and authorities that want to demolish it NYT 9
4-Jan-12 BANK FIN DEBT Nicole Bullock Citigroup raises $2.5bn in bond offering 3-Jan-11: Citigroup sold $2.5 billion of debt;  Financial Times 10
4-Jan-12 GOV BANK DEBT Federal Reserve offers $3 billion in 28-day term deposits through its Term Deposit Facility Federal Reserve to offer $3 billion in 28-day term deposits through its Term Deposit Facility Federal Reserve Board 11
4-Jan-12 AOG WEATH FIN Natural Disasters Make 2011 a Record Year for Insurance Loss Global economic losses from natural catastrophes: record $380 billion in 2011, up from $220 billion in 2005 [Munich Re]. Death toll from natural catastrophes in 2001: ~27,000 (15,840 caused by Japan's earthquake and tsunami). ENS 12
5-Jan-12 BANK JOBS Mark Scott European Banks Prepare More Job Cuts Planned job cuts: Société Générale, ~880 “voluntary departures” and 700 layoffs; Royal Bank of Scotland, 2,000 jobs; Crédit Agricole, 2,350 jobs; BNP Paribas, 1,400 layoffs; Credit Suisse, 3,500 jobs; UBS, 3,500 jobs NYT-DealBook 13
5-Jan-12 M&A AUTO Mark Scott Fiat Increases Stake in Chrysler Fiat acquired an additional 5% of Chrysler, increasing its stake from 53.5% to 58.5% NYT-DealBook 14
5-Jan-12 REL VIO Series of blasts leaves scores dead in Iraq: At least 70 killed and more than 100 wounded in the latest attacks in mainly Shia areas across the country Iraq: a series of bomb attacks targeting Shia pilgrims killed ≥70 people Al Jazeera-Agencies 15
5-Jan-12 ECON OIL MIL Iran blasts West's embargo as 'economic war': Ban would stop Tehran's exports to Europe, but official says it could "very easily replace these customers" Iran: the European Union announced a preliminary agreement to ban oil imports from Iran (according to Reuters, the EU imports 18% of Iran's oil output); Iran accused the West of waging "economic war" on Iran; Iran threatened in Dec-2011 to shut the Strait of Hormuz Al Jazeera-Agencies 16
5-Jan-12 PRO OIL VIO Nigeria police crack down on fuel protests: About 300 people wounded and 19 others arrested and later released by police in the northern city of Kano Nigeria: police cracked down on protesters demonstrating against soaring fuel prices; ~300 people were injured Al Jazeera-Agencies 17
5-Jan-12 RE DEBT MKT Amy Hoak 30-year fixed-rate mortgage at record low: Housing market showing signs of improvement, economist says The average rate on 30-year fixed-rate mortgages matched a record low of 3.91% for the week ending 5-Jan-12 [source: Freddie Mac] MarketWatch 18
5-Jan-12 BANK DEBT Bob Lawless Bankruptcy Filings Down 11.7% in 2011 U.S. bankruptcy filings in 2011: 1,379,000 (down 11.7% YOY) [see also Total Bankruptcy Filings Decrease 12 Percent In 2011, Commercial Filings Fall 19 Percent, American Bankruptcy Institute, 4-Jan-2012, http://www.abiworld.org/AM/Template.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=64959] Credit Slips 19
6-Jan-12 VIO Erika Solomon. Contributors: Alistair Lyon; Khaled Yacoub Oweis Suicide bomb kills 25 in Damascus: Syrian TV Syria: a suicide bomber killed ~25 people in Damascus Reuters 20
6-Jan-12 NATO VIO Laura King 8 NATO troops killed in 24 hours in southern Afghanistan NATO’s International Security Assistance Force (ISAF): 8 NATO troops were killed in 24 hours Washington Post: Los Angeles Times 21
6-Jan-12 GOV BANK DEBT Mark Scott European Banks Stash Extra Cash With Central Bank European banks deposited €455 billion ($578 billion) into the European central Bank (ECB) a record high since 1999 implying a significant reduction in short-term bank-to-bank lending NYT-DealBook 22
7-Jan-12 MIL VIO Kenya: Airstrikes Kill 60 Islamic Militants in Somalia Kenya: airstrikes killed ≥60 al-Qaeda militants in Somalia; warnings of potential terrorist attacks issued for Kenya VOA News-AP-AFP 23
7-Jan-12 M&A HEAL Bristol-Myers Squibb to Acquire Inhibitex Bristol-Myers Squibb to acquire Inhibitex in a transaction valued at ~2.5 billion Bristol-Myers Squibb 24
8-Jan-12 TECH Nick Wingfield A Tech Show Loses Clout as Industry Shifts Las Vegas: The International Consumer Electronics Show, 10-13-Jan-2012 [http://www.cesweb.org] NYT 25
9-Jan-12 PRO ECON OIL 3 Killed in Nigeria Fuel Price Protests Nigeria: tens of thousands of Nigerians protested soaring fuel prices (fuel prices doubled in 1 day); clashes with police killed at ≥3 people VOA News 26
9-Jan-12 SCIE RES NUC Iran Starts Uranium Enrichment Underground Iran initiated a program to enrich uranium to 20% purity at the underground Fordo complex (nuclear weapons require 90% purity) VOA News-AFP-Reuters 27
9-Jan-12 REL ECON POL Pope Benedict XVI Address to the Diplomatic Corps Pope Benedict's annual “State of the World” address to the members of the diplomatic corps accredited to the Holy See: "Truly the world is dark wherever men and women no longer acknowledge their bond with the Creator and thereby endanger their relation to other creatures and to creation itself. The present moment is sadly marked by a profound disquiet and the various crises – economic, political and social – are a dramatic expression of this. Here I cannot fail to address before all else the grave and disturbing developments of the global economic and financial crisis. The crisis has not only affected families and businesses in the more economically advanced countries where it originated, creating a situation in which many people, especially the young, have felt disoriented and frustrated in their aspirations for a serene future, but it has also had a profound impact on the life of developing countries."
CatholicCulture.org 28
9-Jan-12 GOV BANK DEBT Jack Ewing Swiss Central Bank Chief Resigns After Uproar Philipp M. Hildebrand, head of the Swiss central bank, resigned; Mrs. Hildebrand apologized to the Swiss people and to her husband: “I failed my husband by not considering the perception of a ‘conflict of interest’ created by my purchase of dollars. My husband is a man of the utmost integrity, and I deeply regret that my actions might have led anyone to question this" [Reuters] NYT 29
9-Jan-12 Gov Bank DEBT Consumer Credit - G.19 Federal Reserve Statistical Release: consumer credit outstanding surged to $2,477.7 billion (up $20.4 billion MOM; up an annual rate of 10.4%) in Nov-2011 Federal Reserve Board 30
10-Jan-12 NUC GOV POL Doomsday Clock moves to five minutes to midnight The Bulletin of the Atomic Scientists to move the clock hand one minute closer to midnight; reasons include: "failure to act on the Comprehensive Test Ban Treaty by leaders in the United States, China, Iran, India, Pakistan, Egypt, Israel, and North Korea and on a treaty to cut off production of nuclear weapons material continues to leave the world at risk from continued development of nuclear weapons. The world still has approximately 19,500 nuclear weapons, enough power to destroy the Earth's inhabitants several times over" Bulletin of the Atomic Scientists 31
10-Jan-12 GOV BANK DEBT Reserve Bank income and expense data and transfers to the Treasury for 2011 The Federal Reserve Board: the Reserve Banks paid ~$76.9 billion of their 2011 net income (estimated at $78.9 billion) to the U.S. Treasury Federal Reserve Board 32
10-Jan-12 VIO Bomb Kills 35 in NW Pakistan Pakistan: bomb killed ≥35 people near a bus terminal VOA News-AP-Reuters 33
10-Jan-12 ECON Chris Oliver Chinese trade surplus widens to beat forecast China: General Administration of Customs: China's trade surplus rose to $16.52 billion in Dec-2011; but dropped to $155.14 billion (down 14.5% YOY) in 2011 MarketWatch 34
11-Jan-12 VIO NUC WWW Scott Shane. Contributors: Steven Lee Myers; David E. Sanger; Alan Cowell; Rick Gladstone Adversaries of Iran Said to Be Stepping Up Covert Actions Iran's adversaries reportedly "accelerating covert campaign of assassinations, bombings, cyberattacks and defections" NYT 35
11-Jan-12 REL LAW Supreme Court upholds 'ministerial exception' in landmark victory for religious freedom Catholic World News: "the US Supreme Court ruled that religious bodies should set their own standards for hiring ministers, free from government interference" CatholicCulture.org-Catholic World News 36
11-Jan-12 GOV FIN DEBT Deborah Levine Treasurys gain after record-setting auction The U.S. Treasury Department sold $21 billion in 10-year notes at a yield of 1.90%, an all-time record low MarketWatch 37
11-Jan-12 PRO VIO Assad Rallies Syrians; Western Journalist Killed Syria: thousands of Syrians rally in Damascus in support of President Bashar al-Assad; Assad claimed his government will defeat a "conspiracy" against Syria; the UN estimates the death toll from the uprising at 5,000 people
VOA News-AP-AFP-Reuters 38
11-Jan-12 VIO REL Craig Whitlock Video appears to show troops urinating on corpses Video on the Internet "purports to show Marines in combat gear urinating on the corpses of three Taliban insurgents" Washington Post 39
11-Jan-12 GOV POL VIO Ralph Nader Iran: The Neocons Are At It Again Ralph Nader: "The same neocons who persuaded George W. Bush and crew to, in Ron Paul's inimitable words, "lie their way into invading Iraq" in 2003, are beating the drums of war more loudly these days to attack Iran" Nader.org 40
12-Jan-12 BANK DEBT RE Mortgage Rates Continue Trend of Record-Breaking Lows Freddie Mac: Primary Mortgage Market Survey: mortgage rates easing to all-time record lows in week ending 2-Jan-2012; 30-year fixed-rate mortgage (FRM) averaged 3.89% ; 1-year Treasury-indexed ARM averaged 2.76% Freddie Mac-PR Newswire 41
12-Jan-12 BANK FIN JOBS RBS group announces strategic and organisational changes in its investment banking/wholesale business Royal Bank of Scotland to cut ~3,500 over 3 years (in addition to a ~2,000 reduction in staff in RBS Global Banking & Markets (GBM) in 2011H2) Royal Bank of Scotland 42
12-Jan-12 GOV BANK DEBT 12 January 2012 - Monetary policy decisions ECB to keep the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 1.00%, 1.75%, and 0.25% respectively European Central Bank 43
12-Jan-12 VIO GOV NUC IRGC Condemns Assassination of Iranian Scientist 11-Jan-2012: Mostafa Ahmadi Roshan, an Iranian university professor and deputy director of Natanz nuclear enrichment facility, was killed in a bombing; the assassination is blamed on the "Zionist regime and its sympathizers in the White House and the West" FARS News Agency 44
12-Jan-12 POL MON Chris Cillizza; Aaron Blake President Obama raised $68 million in fourth quarter Amounts raised by President Obama’s campaign for his 2012 re-election campaign: total of almost $141 million, including $42 million in 2011Q4 ($24 million was also raised for the Democratic National Committee (DNC) during 2011Q4). Governor Mitt Romney raised $24 million in 2011Q4. Washington Post 45
12-Jan-12 BUS MAN JOBS Supplier Responsibility at Apple Apple Supplier Responsibility: 2012 Progress Report: Apple's Supplier Responsibility team conducted 229 audits in 2011 (up 80% YOY): overall practice in compliance statistic: 74% (working hours, 38%; wages and benefits, 69%) Apple 46
13-Jan-12 RES GOV DEBT Moritz Kraemer; Frank Gill Standard & Poor's Takes Various Rating Actions On 16 Eurozone Sovereign Governments Standard & Poor's Ratings Services announced rating actions on 16 members of the European Economic and Monetary Union (EMU or eurozone): S&P "lowered the long-term ratings on Cyprus, Italy [from A/Watch Neg/A-1 to BBB+/Negative/A-2], Portugal, and Spain [from AA-/Watch Neg/A-1+ to A/Negative/A-1] by two notches; lowered the long-term ratings on Austria, France [from AAA/Watch Neg/A-1+ to AA+/Negative/A-1+], Malta, Slovakia, and Slovenia, by one notch; and affirmed the long-term ratings on Belgium, Estonia, Finland, Germany [affirmed at AAA/Watch Neg/A-1+], Ireland, Luxembourg, and the Netherlands" Standard & Poor's 47
13-Jan-12 BANK FIN JPMorgan Chase Reports Fourth-Quarter 2011 Net Income of $3.7 Billion, or $0.90 Per Share, on Revenue of $22.2 Billion; Full-Year 2011 Record Net Income of $19.0 Billion, or $4.48 Per Share, on Revenue of $99.8 Billion JPMorgan 2011Q4 results: total net revenue, $21,471 billion (down 18% YOY); net income $3,728 billion (down 23% YOY); provision for credit losses, $2,184 billion (down 28%); headcount, 260,157 (up 8% YOY); 2011 results: total net revenue, $97,234 billion (down 5% YOY); net income $18,976 billion (up 9% YOY); provision for credit losses, $7,574 billion (down 54%); headcount, 260,157 (up 8% YOY) [reported basis] JPMorgan Chase & Co. 48
13-Jan-12 GOV BUS Anjana Pasricha India Allows Single Brand Retailers to Open Fully Owned Stores India: the Indian government to allow foreign companies to open 100%-owned single-brand stores VOA News 49
13-Jan-12 PRO VIO Thousands Rally in Syria as Arab League Chief Warns of Civil War Syria: ~20,000 demonstrators protested against President Bashar al-Assad; soldiers reportedly killed ≥1 person; a Russian vessel carrying ammunition from Russia to Syria was intercepted VOA News-AP-AFP-Reuters 50
13-Jan-12 GOV BANK DEBT Margit Feher ECB Overnight Deposits Again Hit Record High 12-Jan-2012: Euro-zone: banks' overnight deposits with the European Central Bank (ECB) hit an all-time record of €489.906 billion ($627.77 billion) European Central Bank 51
14-Jan-12 ACC Cruise ship runs aground in Italy 13-Feb-2012: Luxury cruise ship Costa Concordia ran aground off Italy's coast: 3 people were killed; 69 were missing CBC: AP 52
14-Jan-12 VIO REL Blast kills Iraqi Shia pilgrims in Basra Iraq: a suicide attack killed ≥53 Shia Muslim pilgrims in Basra Al Jazeera-Agencies 53
14-Jan-12 ELITE ECON FIN Shaila Dewan; Robert Gebeloff Among the Wealthiest 1 Percent, Many Variations U.S.: the top 1% of earners receives almost 20% of America's pretax income, about double their share 30 years ago; they pay just over 25% of all federal taxes [source: Tax Policy Center]; they received 22% of their income from capital gains (vs. 2% for everybody else) NYT 54
15-Jan-12 VIO SEC Michael S. Schmidt; Duraid Adnan. Contributor: an Iraqi employee of NYT Police Officers Are Killed in Insurgent Attacks in Iraq Iraq: car bombs and gunmen targeted a police compound; 9 people, including 5 police officers, were killed NYT 55
15-Jan-12 VIO Pakistani Intelligence: Taliban Leader Believed Killed in US Drone Strike 12-Jan-2012: Pakistan: a bomb killed ≥16 people; a U.S. drone strike may have killed Pakistani Taliban Hakimullah Mehsud VOA News-AP-FP 56
15-Jan-12 PRO REL Tom Kington Vatican protesters evicted by police Rome: demonstrators aiming to set up a protest camp in St Peter's Square were evicted by police The Guardian 57
16-Jan-12 WWW China’s Internet Population Hits 513 Million China: China Internet Network Information Center: China's Internet population rose to 513 million in 2011 (up 12% YOY) VOA News 58
16-Jan-12 M&A OIL Will Kennedy (ed.); Stephen Cunningham (ed.) Pembina Pipeline Buys Canada's Provident for $3.1 Billion Pembina Pipeline Corporation to acquire Provident Energy Ltd. for $3.1 billion in shares [see also Pembina' news release, http://pembina.mediaroom.com/index.php?s=10336&item=109859] Bloomberg-Businessweek 59
16-Jan-12 WWW SEC Amy Tiebel. Contributor: Ian Deitch Hackers disrupt Israel airline, stock market sites Saudi Arabia: "group-xp," a hacker network in Saudi Arabia, reportedly attacked the websites of the Tel Aviv Stock Exchange and El Al Israel Airlines AP 60
16-Jan-12 VIO REL Car Bombs Kill At Least 12 in Iraq Iraq: car bombings killed ≥12 people, including women and children; many attacks have targeted Shia citizens VOA News-AP-AFP-Reuters 61
16-Jan-12 MKT MON Julia Werdigier London Wants to Tap Chinese Currency Market U.K.: the government plans to create a Chinese currency hub in London; according to George Osborne, the chancellor of the Exchequer, "there is scope for substantial expansion of the renminbi market in the coming years" -- the renminbi's share of the global foreign exchange market in Jun-2011 was 0.9%, China’s share in worldwide trade in 2010 was 11% NYT-DealBook 62
16-Jan-12 REL BANK FIN L'Osservatore Romano questions ratings downgrade L'Osservatore Romano questioned Standard & Poor's decision to downgrade 9 EU countries’ credit-worthiness Vatican Radio 63
17-Jan-12 ECON RE Keith B. Richburg National Economy Maintained Steady and Fast Development in the Year of 2011 China’s GDP grew by 9.2% in 2011 (YOY quarterly growth; 2011Q1, 9.7%; 2011Q2, 9.5%; 2011Q3, 9.1%; 2011Q4, 8.9%); total investment in fixed assets (excluding rural households) in 2011 grew by 23.8% (a real growth of 16.1%). Other 2011 statistics: total investment in real estate grew by 27.9% (a real growth of 20.0%); the balance of broad money (M2) at yearend 2011 grew by 13.6% YOY; the per capita disposable income of urban households grew by a nominal 14.1% (a real growth of 8.4%) National Bureau of Statistics of China 64
17-Jan-12 GOV BANK DEBT Bank of Canada maintains overnight rate target at 1 per cent The Bank of Canada to keep its target for the overnight interest rate unchanged at 1.0%; the Bank Rate and the deposit rate to set set at 1.25% and 0.75%, respectively; Canada's GDP grew by 2.4% in 2011; the Bank of Canada projects it will grow by 2.0% in 2012 and 2.8%t in 2013 Bank of Canada 65
17-Jan-12 ECON Bank of Canada maintains overnight rate target at 1 per cent Canada's GDP grew by 2.4% in 2011; the Bank of Canada projects it will grow by 2.0% in 2012 and 2.8%t in 2013 Bank of Canada 66
17-Jan-12 PRO Max Chafkin. Contributors: Alexandra Beggs; Mark Guiducci; Jaime Lalinde; Elizabeth Nicholas; Rebecca Sacks; Kaitlin Sanders Revolution Number 99: An Oral History of Occupy Wall Street Feb-2012: Vanity Fair: collection of historical fragments and comments about the genesis of the Occupy Wall Street movement Vanity Fair 67
17-Jan-12 M&A BANK Acquisition of Aircraft Leasing Business from the Royal Bank of Scotland Group plc Sumitomo Mitsui Financial Group to acquire the aircraft leasing business of the Royal Bank of Scotland for ~$7.2 billion Sumitomo Mitsui Financial Group 68
17-Jan-12 BANK FIN Citigroup Reports Fourth Quarter 2011 Net Income of $1.2 Billion or $0.38 per Share1, Compared to $1.3 Billion or $0.43 in Fourth Quarter 2010  Citigroup 2011 results: revenues, $78.4 billion; net income, $11.3 billion (up 6% YOY). 2011Q4 results: revenues, $17.2 billion (down 7% YOY); net I\income, $1.2 billion Citigroup 69
17-Jan-12 BANK FIN Wells Fargo Reports Record Quarterly And Full Year Net Income: Q4 Net Income Of $4.1 Billion; Q4 Revenue Of $20.6 Billion Wells Fargo 2011Q4 results: revenue, $20.6 billion (up 20% annualized QOQ); record net income, $4.1 billion. 2011 results: revenue, $80.9 billion (down 5% YOY); record net income, $15.9 billion (up 28% YOY) Wells Fargo 70
17-Jan-12 BUS FOOD JOBS Kraft Foods Takes Steps To Position Company For Successful Spinoff Kraft Foods to terminate 1,600 positions in North America throughout 2012 Kraft Foods 71
18-Jan-12 BANK FIN Goldman Sachs Reports
Earnings Per Common Share Of $4.51 For 2011
Goldman Sachs Group, Inc. 2011 results: net revenues, $28.81 billion (down 26%); net earnings, $4.44 billion (down 47%). 2011Q4 results: net revenues, $6.05 billion; net earnings, $1.01 billion Goldman Sachs 72
18-Jan-12 PRO BUS LAW Major Websites Protest US Anti-Piracy Legislation with Blackout Major websites, including Wikipedia and Google, protested The Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA) under consideration in the U.S. Congress; the film and music industry support anti-piracy legislation VOA News 73
18-Jan-12 ACC Desperate Cruise Ship Search Suspended UPDATE: Official report regarding luxury cruise ship Costa Concordia which capsized after hitting rocks off Italy's coast on 13-Feb-2012: ≥11 people were killed; 20 are still missing VOA News-AP-AFP-Reuters 74
18-Jan-12 GOV BUS OIL Laura Payton Keystone XL pipeline proposal rejected – for now; TransCanada will apply again, CEO says The U.S. government rejected an application by TransCanada to build the Keystone XL pipeline CBC News 75
18-Jan-12 HEAL VIO Gilda Sedgh et al. Long-Term Worldwide Decline In Abortions Has Stalled: Plateau Coincides With Slowdown In What Had Been A Steady Increase In Contraceptive Use New research from the Guttmacher Institute and the World Health Organization (WHO): "Between 1995 and 2003, the overall number of abortions per 1,000 women of childbearing age (15–44 years) dropped from 35 to 29; . . . the global abortion rate in 2008 was virtually unchanged, at 28 per 1,000" [Gilda Sedgh et al., Induced Abortion: Incidence and Trends Worldwide from 1995 to 2008, The Lancet, 18-Jan-2012] Guttmacher Institute; WHO 76
18-Jan-12 POL MON Wayne Barrett. Contributors: Jillian Anthony; Irina Ivanova; Clarissa León; Nicole Marsh; Kyle Roerink Is Gingrich’s Hard Line on Palestine Paid for by Sheldon Adelson? Wayne Barrett, on the linkage between big money and politics: Newt Gingrich flipped from "moderate" on the Middle East to "saber-rattling hawk" after Sheldon Adelson injected a multi-million dollar donation; concern: "The linkage between campaign contributions and compromised candidates has grown so familiar that it no longer shocks, and indeed rarely even interests, most of us" The Daily Beast 77
19-Jan-12 BUS FIN LAW Eastman Kodak Company and Its U.S. Subsidiaries Commence Voluntary Chapter 11 Business Reorganization Eastman Kodak Company and Its U.S. subsidiaries file for voluntary Chapter 11 business reorganization Kodak 78
19-Jan-12 BANk FIN Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion, or $0.15 Per Diluted Share; Full-Year 2011 Net Income of $1.4 Billion, or $0.01 Per Diluted Share Bank of America 2011 results: total revenue, net of interest expense (FTE basis), $94.426 billion (down 15.2% YOY); net income, $1.446 billion (up from a loss of $2.238 billion in 2010); provision for credit losses, $2.934 (down $5.129 billion in 2010). 2011Q4 results: total revenue, net of interest expense (FTE basis), $25.146 billion (up 10.9% YOY); net income, $1.991 billion (up from a loss of $1.244 billion in 2010) Bank of America-Business Wire 79
19-Jan-12 BANK FIN Morgan Stanley Reports Full Year and Fourth Quarter 2011 Morgan Stanley 2011 results: net revenues, $32.4 billion (up 3.2% YOY); income, $4.2 billion (down 6.7% YOY) Morgan Stanley 80
19-Jan-12 BANK FIN DEBT John Glover; Abigail Moses; Paul Armstrong (ed.) Banks Flush With ECB Cash Outperform Sovereigns Banks with an ECB lifeline outperform sovereigns; according to Bloomberg, euro governments are expected to borrow ~$2 trillion in 2012 Bloomberg 81
19-Jan-12 BANK DEBT RE 30-year Fixed-rate Mortgage Averages 3.88 Percent Freddie Mac: 30-year fixed-rate mortgage fell to 3.88%, an all-time record low Freddie Mac-PR Newswire 82
19-Jan-12 HEAL RES David Brown Government survey finds that 5 percent of Americans suffer from a ‘serious mental illness’ National Survey on Drug Use and Health (NSDUH):~20% of American adults suffer some sort of mental illness; ~5% suffer from a serious disorder; ~4% of adults contemplate suicide each year Washington Post 83
19-Jan-12 VIO Suicide Bomber Kills 7 in Southern Afghanistan Afghanistan: suicide car bomber killed 7 people, including 2 children; NATO vehicles targeted; the Taliban claimed responsibility  VOA News 84
19-Jan-12 JUST WWW Justice Department Charges Leaders of Megaupload with Widespread Online Copyright Infringement  U.S. Justice Department and FBI charged: "Seven individuals and two corporations have been charged in the United States with running an international organized criminal enterprise allegedly responsible for massive worldwide online piracy of numerous types of copyrighted works through Megaupload.com and other related sites, generating more than $175 million in criminal proceeds and causing more than half a billion dollars in harm to copyright owners. . . This case is part of efforts being undertaken by the Department of Justice Task Force on Intellectual Property (IP Task Force) to stop the theft of intellectual property" FBI 85
19-Jan-12 PRO JUST WWW AnonymousWiki Anonymous: "Popular file-sharing website megaupload.com gets shutdown by U.S Justice - FBI and charged its founder with violating piracy laws. Four Megaupload members were also arrested. . . We Anonymous are launching our largest attack ever on government and music industry sites. Lulz. The FBI didn't think they would get away with this did they? They should have expected us. . ."; several websites were taken down, including: justice.gov, usdoj.gov, copyright.gov, universalmusic.com Anonymous 86
19-Jan-12 BUS TECH FIN IBM Reports 2011 Fourth-Quarter and Full-Year Results IBM 2011 results: revenue, $106.9 billion (up 7%, up 3% adjusting for currency); net income (GAAP), $15.9 billion (up 7%). 2011Q4 results: revenue, $29.5 billion (up 2%, 1% adjusting for currency YOY); net income (GAAP), $5.5 billion (up 4% YOY) IBM 87
19-Jan-12 BUS TECH FIN Patrick Darling Intel Reports Record Year $54 Billion in Annual Revenue Up 24 Percent, $2.39 in Annual EPS Up 19 Percent Intel Corporation 2011 GAAP results: record revenue, $54 billion (up 24%); record net income, $12.9 billion (up 13%). 2011Q4 GAAP results: revenue, $13.9 billion (up 21% YOY); net income, $3.4 billion (up 6% YOY) Intel 88
19-Jan-12 BUS TECH FIN Microsoft Reports Record Revenue of $20.9 Billion in Second Quarter Microsoft Q2 (ended 31-Dec-2011) results: revenue, $20.89 billion (up 5% YOY); net income, $6.62 billion $6.63 billion (down 0.15% YOY) Microsoft 89
19-Jan-12 BUS TECH FIN Google Announces Fourth Quarter and Fiscal Year 2011 Results Google 2011 GAAP results: revenues, $37.905 billion (up 29.3%); net income, $9.737 (up 14.5%). 2011Q4 GAAP results: revenues, $10.584 (up 25.4% YOY); net income, $2.705 (up 6.4% YOY) Google 90
19-Jan-12 GOV BANK DEBT New York Fed Sells $7.014 Billion in Face Value of ML II LLC Assets  New York Fed to sell $7.014 billion in face value of assets Maiden Lane II LLC [AIG assets] portfolio to Credit Suisse Securities (USA) LLC Federal Reserve Bank of New York 91
19-Jan-12 REL FREE Pope to US bishops: Defend the Churches’ place in public square Pope Benedict's to US bishops: " . . . it is imperative that the entire Catholic community in the United States come to realize the grave threats to the Church’s public moral witness presented by a radical secularism which finds increasing expression in the political and cultural spheres. The seriousness of these threats needs to be clearly appreciated at every level of ecclesial life. Of particular concern are certain attempts being made to limit that most cherished of American freedoms, the freedom of religion. Many of you have pointed out that concerted efforts have been made to deny the right of conscientious objection on the part of Catholic individuals and institutions with regard to cooperation in intrinsically evil practices. Others have spoken to me of a worrying tendency to reduce religious freedom to mere freedom of worship without guarantees of respect for freedom of conscience."
Vatican Radio 92
20-Jan-12 BUS TECH FIN GE Reports 4Q’11 Operating EPS of $0.39, Up 11%; Industrial Segment Revenues of $26.8B, Up 10%; Industrial Segment Organic Revenue Up 5%; Infrastructure Orders Up 15%; Largest Infrastructure Backlog in GE History at $200B; Record Industrial CFOA of $5.5B in 4Q; FY‘11 of $12.1B; GE Positioned to Deliver Double-Digit Earnings Growth in 2012 GE 2011 results: revenue, $147.3 billion (down 2%); net earnings attributable to the company, $14.151 billion (up 22%). 2011Q4 results: total revenues, $37.973 billion (down 8%); net earnings attributable to the company, $3.730 billion (down 18%) General Electric 93
20-Jan-12 VIO MIL EDU Edward Cody; Kevin Sieff France halts training after Afghan soldier kills 4 French troops Afghanistan: an Afghan soldier targeted his trainers and killed 4 French soldiers; France suspended its training operation in Afghanistan Washington Post 94
20-Jan-12 ACC MIL Afghan helicopter crash kills NATO troops Afghanistan: a NATO CH-53 Sea Stallion helicopter crashed killing 6 American soldiers Al Jazeera: Agencies 95
20-Jan-12 BANK JOBS Fabio Benedetti-Valentini; Frank Connelly (ed.) Paris Banking Job Cuts Reflect Wilting Ambitions France: top 3 corporate-and-investment banking (CIB) units – BNP Paribas SA, Societe Generale, and Credit Agricole – to cut 1,800 jobs at home Bloomberg 96
20-Jan-12 PRO VIO Nada Bakri Self-Immolation Is on the Rise in the Arab World Desperate lives in the Arab world have pushed many to self-immolate: 107 Tunisians attempted to kill themselves by self-immolation in the 6 months since the self-immolation of Mohamed Bouazizi, a fruit vendor, on 27-Dec-2010 [the trigger of the Arab Spring] [source: BBC]; 5 young men self-immolated in Morocco on 18-Jan-2012; others attempted self-immolation in Tunisia, Jordan, and Bahrain NYT 97
20-Jan-12 MEDIA POL Rachel Streitfeld; Paul Steinhauser Gingrich delivers show-stopper at beginning of South Carolina debate House Speaker Newt Gingrich, responding to CNN Chief National Correspondent John King's question about open marriage: "I think that the destructive, vicious, negative nature of much of the bews media makes it harder to govern this country, harder to attract decent people who run foe office, and I am appaled that you would begin a presidential debate on a topic like that. I'm not finished. . . To take an ex-wife and make it two days before the primary a significant question in a presidential campaign is as close to despicable as anything I can imagine" CNN 98
21-Jan-12 VIO At Least 131 Dead in Nigeria Bombings Nigeria: bombings in Kano killed ≥131 people; Boko Haram claimed responsibility  VOA News 99
21-Jan-12 MIL POL Amir Oren U.S. Chief of Staff: U.S. and Israel have shared understanding of Mideast security U.S. Chief of Staff General Martin Dempsey in Israel to “advance a shared understanding of the security situation in the region," including especially Iran Haaretz 100
21-Jan-12 GOV Muslim Brotherhood tops Egyptian poll result: Brotherhood's Freedom and Justice Party wins 47 per cent of seats, with al-Nour party coming in second, officials say Egypt: result of the election for the lower house of parliament: the Freedom and Justice Party (Egypt's Muslim Brotherhood) won 47% of all seats; the Islamist Salafi al-Nour party won 24% of all seats; the liberal al-Wafd party won ~7% of the seats; other political parties won 22% of all seats Al Jazeera-Agencies 101
21-Jan-12 VIO Deadly bus explosion hits Syria's Idlib Syria: bus transporting prisoners exploded killing 14 people; the attack may not have been deliberately targeted Al Jazeera-Agencies 102
21-Jan-12 VIO MIL Dan Morse. Contributors: Uthman al-Mukhtar; Asaad Majeed 4 Iraqi troops killed in attack in Fallujah Iraq: gunmen targeted an army checkpoint in Fallujah and killed 4 soldiers Washington Post 103
22-Jan-12 PRO GOV Libya's No. 2 Leader Resigns After Benghazi Anti-Government Riot Libya: anti-government riot; the deputy head of Libya's National Transitional Council (NTC) Abdel Hafiz Ghoga resigned VOA News-AFP-Reuters 104
22-Jan-12 VIO MIL Somalia Drone Strike Kills al-Qaida Operative Somalia: drone-fired missiles killed an al-Qaeda operative VOA News-AP-AFP-Reuters 105
22-Jan-12 LAW WWW MON Sarah McBride; Lisa Richwine; Jasmin Melvin; Diane Bartz; Jonathan Weber (ed.); Maureen Bavdek (ed.) Epic Clash: Silicon Valley Blindsides Hollywood on Piracy U.S.: amounts spent on influencing policy during 1998-2011: technology companies (including computer and Internet companies), $1.2 billion; entertainment companies (including Hollywood movie studios), $906.4 million. Entertainment companies support SOPA and PIPA; technology companies do not. NYT: Reuters 106
23-Jan-12 ELITE ECON POL Samantha Tonkin Majority of Global Experts Now Fear Looming Geopolitical Disruption as World Leaders Head to Davos Davos-Klosters, Switzerland: World Economic Forum’s 3rd Global Confidence Index: "54% of global experts expect a major geopolitical disruption over the next 12 months, up from 36% last quarter. . . A consistent 60% of respondents said they lacked confidence in the state of global governance, signalling little trust in political leadership to deal with global risks" World Economic Forum 107
23-Jan-12 ELITE POL The Great Transformation – Shaping New Models 25-29 January 2012: World Economic Forum’s Annual Meeting 2012: "The Great Transformation: Shaping New Models" World Economic Forum 108
23-Jan-12 M&A OIL ENER Apache to Acquire Cordillera Energy Partners III LLC for $2.85 Billion Apache to acquire Cordillera Energy Partners III LLC for $2.85 billion Apache 109
23-Jan-12 POL VIO Philip Weiss Assassination has been a trusty tool in Zionism’s rightwing movement Philip Weiss on assassination as a "trusty tool" of radical Zionism. Atlanta Jewish Times publisher Andrew Adler reportedly suggested that the Mossad assassinate Barack Obama; Adler reportedly apologized Mondoweiss 110
23-Jan-12 POL VIO Atlanta Jewish Times publisher resigns over Obama assassination column Andrew Adler, the publisher of the Atlanta Jewish Times has resigned; according to JTA, in a 13-Jan-2012 column, Adler outlined "possible responses by Israel to Iran's acquiring a nuclear weapon," including "the go-ahead for U.S.-based Mossad agents to take out a president deemed unfriendly to Israel . . ." JTA 111
23-Jan-12 GOV OIL Hossein Jaseb; Justyna Pawlak. Contributors: Robin Pomeroy; Mitra Amiri in Tehran; David Brunnstrom; Adrian Croft; John Irish; Alexei Anishchuk; Ari Rabinovitch; Jeffrey Heller; Nidhi Verma; Steve Gutterman; Rachelle Younglai; Andrew Quinn; Fredrik Dahl; Alastair Macdonald; Robert Woodward (ed.) WRAPUP 3-Iran slams EU oil embargo, warns could hit U.S. EU to embargo Iranian oil effective 1-Jul-2012; response from an Iranian foreign ministry spokesman: "European Union sanctions on Iranian oil is psychological warfare"; options contemplated by Iran include: closing the Strait of Hormuz; curbing oil exports to EU countries Reuters 112
23-Jan-12 PRO LAW Abortion opponents urged to unite behind eventual GOP nominee at annual ‘March for Life’ rally Thousands of abortion opponents joined the “March for Life” to mark the 39th anniversary of the Roe v. Wade decision legalizing abortion Washington Post: AP 113
23-Jan-12 M&A GOLD Pan American To Acquire Minefinders And Create The Leading Geographically-Diversified Silver Producer Pan American Silver Corporation to acquire the Minefinders Corporation for ~$1.5 billion Pan American Silver Corporation 114
23-Jan-12 POL REL MON Nicholas Confessore. Contributor: Jeremy W. Peters ‘Super PAC’ for Gingrich to Get $5 Million Infusion Sheldon Adelson and his wife Dr. Miriam Adelson reportedly contributed a total of $10 million to the super PAC "Winning Our Future." Sheldon Adelson is in the "gambling/leisure businesses"; he is a billionaire of Jewish provenance; his wife is an an Israeli physician [source: Wikipedia,   http://en.wikipedia.org/wiki/Sheldon_Adelson]. Sheldon Adelson reportedly said at the Taglit Birthright event: “Read the history of those who call themselves Palestinians, and you will hear why [Newt] Gingrich said recently that the Palestinians are an invented people" [source: Revital Blumenfeld, "Sheldon Adelson to Birthright group: Gingrich is right to call Palestinians 'invented people,'" Haaretz, 26-Dec-2011, http://www.haaretz.com/news/diplomacy-defense/sheldon-adelson-to-birthright-group-gingrich-is-right-to-call-palestinians-invented-people-1.403671] NYT 115
24-Jan-12 GOV POL ECON The 2012 State of the Union: An America Built to Last President Obama: The 2012 State of the Union Whitehouse.gov 116
24-Jan-12 VIO Baghdad car bombs kill 14, injure dozens Iraq: a series of car bombings in Baghdad killed 14 people; Iraq death toll to date from violence: ≥170 CBC News: AP 117
24-Jan-12 POL MON Romney Tax Returns Show 2-Year Income of $45 Million Mitt Romney likely to pay $6.2 million in taxes on $45 million in income over tax years 2010-2011 [effective tax rate of ~13.8%]; Newt Gingrich and his wife paid $994,708 in federal tax on an adjusted gross income of $3,162,424 in 2010 [effective tax rate of ~31.7%] NYT 118
24-Jan-12 GOV ECON World Economic Outlook Update: Global Recovery Stalls, Downside Risks Intensify IMF: World Economic Outlook Update: "The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated. Global output is projected to expand by 3¼ percent in 2012 . . . —a downward revision of about ¾ percentage point relative to the September 2011 World Economic Outlook (WEO)." IMF 119
24-Jan-12 M&A BUS SPX Announces Definitive Agreement to Sell its Service Solutions Business to Robert Bosch GmbH for $1.15 Billion SPX Corporation to sell its Service Solutions business to Robert Bosch GmbH for $1.15 billion in cash SPX Corporation 120
24-Jan-12 GOV ECON Michael Kitchen Japan posts first annual trade deficit since 1980 Japan posted its 1st annual trade deficit since 1980; causes include a strong yen, natural disasters, and increased energy imports  MarketWatch 121
24-Jan-12 VIO SEC Peter Heinlein Nigeria Police Investigating Kano Attacks 20-Jan-2012: Nigeria: bomb attacks targeting the police in Kano killed 185 people; Boko Haram fighters suspected VOA News 122
24-Jan-12 BUS TECH FIN Apple Reports First Quarter Results: Highest Quarterly Revenue and Earnings Ever Apple 2012Q1 results: revenue, $46.33 billion (up 73.3% YOY); net profit, $13.06 billion (up 117.6% YOY) Apple 123
25-Jan-12 FIN POL MKT Alan Greenspan Meddle with the market at your peril In an opinion piece in the Financial Times, Alan Greenspan, former chairman of the federal Reserve, defended "free-market capitalism" Financial Times-Opinion 124
25-Jan-12 BANK FIN MON Mark Scott European Banks Push to Meet Capital Goals European financial institutions raised ≥€40.7 billion ($52.8 billion) in new capital in 2011Q4 (estimates by Citigroup) NYT-DealBook 125
25-Jan-12 PRO David D. Kirkpatrick. Contributor: Mayy El Sheikh Egyptians Gather on First Anniversary of Revolt Egypt: ~100,000 Egyptians demonstrated in Tahrir Square to mark the first anniversary of the Egyptian revolution NYT 126
25-Jan-12 GOV BANK DEBT Federal Reserve issues FOMC statement of longer-run goals and policy strategy Federal Open Market Committee (FOMC), on principles regarding its longer-run goals and monetary policy strategy: "inflation at the rate of 2 percent . . . is most consistent over the longer run with the Federal Reserve's statutory mandate. . . FOMC participants' estimates of the longer-run normal rate of unemployment had a central tendency of 5.2 percent to 6.0 percent . ." Federal Reserve Board 127
25-Jan-12 GOV BANK DEBT Federal Reserve issues FOMC statement FOMC to keep the target range for the federal funds rate at 0%-0.25% and currently anticipates economic conditions are" likely to warrant exceptionally low levels for the federal funds rate at least through late 2014" Federal Reserve Board 128
25-Jan-12 MKT GOLD Myra P. Saefong Gold ends atop $1,700, first time in over 6 weeks  NYMEX-Comex: gold for Feb-2012 delivery settled at $1,700.10/oz. (up 2.1%) MarketWatch 129
25-Jan-12 ELITE FIN Adrian Monck To Serve Society Better, Capitalism Needs a Redesign World Economic Forum’s 42nd Annual Meeting in Davos-Klosters: leaders agreed "Capitalism needs to serve society better" World Economic Forum 130
26-Jan-12 WWW FREE POL Tweets still must flow Twitter: "Starting today, we give ourselves the ability to reactively withhold content from users in a specific country — while keeping it available in the rest of the world. We have also built in a way to communicate transparently to users when content is withheld, and why. . . if and when we are required to withhold a Tweet in a specific country, we will attempt to let the user know, and we will clearly mark when the content has been withheld" Twitter Blog 131
26-Jan-12 BUS TEL FIN Best-Ever Mobile Broadband Sales and Strong Cash Flows Highlight AT&T's Fourth-Quarter Results; Stock Buyback Begins on Previous 300 Million Share Authorization AT&T 2011Q4 results: revenues, $32.5 billion (up 3.6% YOY); net loss attributable to AT&T, $6.7 billion. Full year 2011: revenues, $126.7 billion (up 2.0% YOY); net income attributable to AT&T, $3.9 billion (down 80.4% YOY) AT&T 132
26-Jan-12 M&A BUS Amgen to Acquire Micromet Amgen to acquire Micromet (a biotechnology company) for $1.16 billion Amgen 133
26-Jan-12 ELITE FIN HEAL Foundation Commits $750 Million to Global Fund The Bill & Melinda Gates Foundation gave $750 million through a promissory note to the Global Fund to fight AIDS, tuberculosis and malaria (annoucement made at the World Economic Forum in Davos, Switzerland) Bill & Melinda Gates Foundation 134
26-Jan-12 VIO REL New church attacks in northern Nigeria; thousands of Christians flee  22-Jan-2012: Nigeria: bomb attacks targeted 2 churches; up to 35,000 Christians have reportedly fled the Muslim area following a Boko Haram ultimatum CatholicCulture.org 135
26-Jan-12 VIO MIL Sayed Salahuddin Bomber targets NATO convoy in Afghanistan; 3 killed Afghanistan: a suicide bomber targeted a NATO convoy; 3 civilians were killed Washington Post 136
26-Jan-12 VIO Dan Morse and Asaad Majeed Bombs kill 2 policemen and their families south of Baghdad Iraq: 3 bombs targeting the homes of 2 policemen killed 9 people, including 2 babies  Washington Post 137
27-Jan-12 VIO REL Dan Morse; Aziz Alwan Bomb kills dozens in Baghdad Shiite district Iraq: a suicide bomber killed at least 31 people in a Shia neighborhood Washington Post 138
27-Jan-12 PRO VIO Alice Fordham; Colum Lynch. Contributor: Leila Fadel Violence surges in Syria as U.N. Security Council meets 26-Jan-2012: Syria: shelling by government increased; 62 people were reportedly killed across Syria Washington Post 139
27-Jan-12 BUS AUTO FIN Ford Posts 2011 Pre-Tax Operating Profit Of $8.8 Billion; One-Time Special Items Contribute To $20.2 Billion Net Income Ford 2011Q4 results: revenues, $34.6 billion (up 6.5% YOY); net income after tax, $13.615 billion (up from $190 million in 2010Q4). Full year 2011: revenues, $136.3 (up 12.7% YOY); net income after tax, $20.213 (up 208% YOY) Ford 140
27-Jan-12 M&A CHEM Eastman to Acquire Solutia; Raises Outlook for 2013 EPS to Greater Than $6 Eastman Chemical Company to acquire Solutia Inc. for a total transaction value of ~$4.7 billion, including the assumption of Solutia’s debt Eastman Chemical Company 141
27-Jan-12 PRO MIL Egyptians Participate in 'Second Day of Anger' 26-27-Jan-2012: Egypt: demonstrators protest demanding the army transfer power to civilians VOA News 142
27-Jan-12 ECON Gross Domestic Product: Fourth Quarter And Annual 2011 (Advance Estimate) BEA: annual rates of increase of U,S, real GDP: 2.8% QOQ in 2011Q4; and 1.7% YOY in 2011 Bureau of Economic Analysis 143
27-Jan-12 M&A FIN Seonjin Cha; Taejin Park; Chitra Somayaji (ed.) Hana Financial Wins Approval to Buy Lone Star Stake in Korea Exchange Bank 26-Jan-2012: Korea: The Financial Services Commission (Korea) approved Hana Financial Group Inc.'s acquisition of a 51% stake in Lone Star Funds' Korea Exchange Bank (KEB) in a transaction valued at 3.9 trillion won ($3.5 billion) Bloomberg 144
28-Jan-12 VIO REL David Kerr Military archbishop: US invasion led to fewer Iraqi Christians According to U.S. Military Archbishop Timothy P. Broglio, one of the legacies of America's invasion of Iraq in 2003 is the substantial decrease in the Catholic population of Iraq -- from over 800,000, to less than 150,000; Catholics were protected under Saddam Hussein -- they no longer are Catholic News Agency 145
28-Jan-12 VIO REL Mary Abdelmassih Over 3000 Muslims Attack Christian Homes and Shops in Egypt, 3 Injured Egypt: >3000 Muslims attacked Copts in a village; Coptic homes and shops were looted then torched Assyrian International News Agency 146
29-Jan-12 GOV BANK DEBT Peter Eavis U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom Exposure of 5 large American banks to Italy, Spain, Portugal, Ireland and Greece: >$80 billion; ~$50 billion after adjusting for financial insurance against default (using credit-default swaps) and other credit protection NYT-DealBook 147
29-Jan-12 M&A OIL Exxon Mobil to Sell Its Japanese Arm for $3.9 Billion TonenGeneral Sekiyu to acquire ExxonMobil’s shares in ExxonMobil Yugen Kaisha for ~$3.9 billion Exxon Mobil-Business Wire 148
29-Jan-12 VIO OIL Kareem Fahim; Ellen Barry. Contributors: Huwaida Saad; Alan Cowell Syria Targets Rebels Based in Suburbs of Damascus Syria: Syrian forces clashed with rebel forces; Syrian authorities said a “terrorist group” blew up a gas pipeline NYT 149
29-Jan-12 PRO VIO Police Kill 4 in Bangladeshi Protests Bangladesh: Bangladesh Nationalist Party activists demonstrated for the reinstatement of a caretaker voting system; police fired at protesters killing ≥4 people VOA News-AP-AFP-Reuters 150
30-Jan-12 PRO More than 400 arrests as Occupy protest resurfaces in Oakland, breaking lull 29-Jan-12: Occupy Oakland protesters clashed with police; police arrested more than 400 people; protesters accused the police of using illegal tactics Washington Post-AP 151
30-Jan-12 PRO VIO Is Syria descending into civil war? 26-27-Jan-12: Syria: violent anti-government protests: ~120 people were reportedly killed Al Jazeera 152
30-Jan-12 GOV DEBT Deborah Levine U.S. 5-year yields hit record low on Europe woes U.S. yields on 5-year notes fell to an all-time record low of 0.71%; investors are concerned, among other things, about delays of a bailout deal for Greece MarketWatch 153
30-Jan-12 WEATH Cold Weather Kills 36 Across Europe Cold weather killed 36 people in Eastern Europe; many of rhe dead were homeless VOA News-AP-AFP 154
30-Jan-12 M&A TECH ABB to acquire Thomas & Betts for $3.9 billion to become major player in North American low-voltage products market ABB to acquire Thomas & Betts for $3.9 Billion ABB 155
31-Jan-12 JUST POL Charlie Sullivan Why are so many Americans in prison? U.S.; the incarceration rate is 743 per 100,000 Americans (a world record); 40% of the prison population is African-American (blacks make up only 12% of America's population) Al Jazeera 156
31-Jan-12 SEX Dwight Garner When to Quote Poetry or Moan Like a Moorhen New translation by A. N. D. Haksar of Vatsyayana's Kama Sutra NYT 157
31-Jan-12 BUS FIN WWW Amazon.com Announces Fourth Quarter Sales up 35% to $17.43 Billion; Kindle Device Sales Nearly Triple During the Holidays Amazon.com 2011Q4 results: net sales, $17.43 billion (up 35% YOY); net income, $177 million (down 58% YOY). Full year 2011: net sales, $48.08 billion (up 41% YOY); net income, $631 million (down 45% YOY) Amazon.com 158
31-Jan-12 M&A BUS ThyssenKrupp and Outokumpu to combine their stainless steel businesses to create a new global leader ThyssenKrupp to sell its Inoxum unit to Outokumpu (Finland); Inoxum is valued at ~€2.7 billion; ThyssenKrupp will obtain a 29.9% stake in the new company ThyssenKrupp 159
31-Jan-12 BANK FIN Santander Financial Report: January-December 2011 Santander 2011Q4 results: gross income, €11.008 (up 3.7% YOY); attributable profit to the Group, €47 million (down 98% YOY). Full year 2011 results: gross income, €44.262 billion (up 5.3% YOY); attributable profit to the Group, €5.351 (down 34.6% YOY) Banco Santander 160
31-Jan-12 GOV DEBT The Budget and Economic Outlook: Fiscal Years 2012 to 2022 Congressional Budget Office (CBO) projection: U.S. federal budget deficit to reach $1.1 trillion in FY2012, if current laws remain unchanged (7% of GDP) Congressional Budget Office 161
31-Jan-12 MKT RE Home Prices Continued to Decline in November 2011 According to the S&P/Case-Shiller Home Price Indices S&P/Case-Shiller1 Home Price Indices: 10- and 20-City Composites (non-seasonally adjusted) for Nov-2011: both down 1.3% MOM; down 3.6% and 3.7% YOY, respectively S&P/Case-Shiller 162
31-Jan-12 BUS OIL FIN Exxon Mobil Corporation Announces Estimated Fourth Quarter 2011 Results ExxonMobil 2011Q4 results: total revenues and other income, $121.609 billion (up 15.6% YOY); net income attributable to ExxonMobil (GAAP), $9.4 billion (up 1.6% YOY). Full year 2011:  total revenues and other income, $486.429 billion (up 26.9% YOY); net income attributable to ExxonMobil (GAAP), $41.060 billion (up 34.8% YOY) Exxon Mobil-Business Wire 163
31-Jan-12 MKT RE 2012 Home Prices Off to a Rocky Start According to the S&P/Case-Shiller Home Price Indices S&P/Case-Shiller1 Home Price Indices: "As of January 2012, average home prices across the United States are back to the levels where they were nearly a decade
ago – in early 2003." The indices peaked in Jun/Jul-2006. The peak-to-current (Jun/July 2006 to Jan-2012) decline in the indices is 34.4%. 10- and 20-City Composites (non-seasonally adjusted) for Jan-2012: both down 0.8% MOM; down 3.9% and 3.8% YOY, respectively.
S&P/Case-Shiller 164
1-Feb-12 BUS WWW FIN Evelyn M. Rusli Facebook Files for an I.P.O. Facebook filed for an I.P.O.; the company wants to raise $5 billion; it's value is estimated at $75 billion-$100 billion NYT 165
1-Feb-12 VIO Scores killed in Egypt football violence Egypt: football violence; ≥73 people were killed Al Jazeera-Agencies 166
1-Feb-12 PRO VIO Syria toll mounts amid Russian veto threat Syria: violent clashes leave ≥68 people dead according to the Local Co-ordination Committees (LCC) Al Jazeera-Agencies 167
1-Feb-12 BUS JET JOBS David Koenig American Airlines aims to cut 13,000 jobs American Airlines to cut ~13,000 jobs (15% of its workforce) Fox News: AP 168
1-Feb-12 BUS TECH JOBS Steven D. Jones Microsoft Cuts 200 Marketing Jobs Microsoft cut ~200 marketing jobs; Microsoft reportedly has ~6,000 marketing employees WSJ 169
1-Feb-12 M&A MKT LAW Mergers: Commission blocks proposed merger between Deutsche Börse and NYSE Euronext The European Commission blocked the proposed merger between Deutsche Börse and NYSE Euronext; together th2 exchange would control >90% of global trade in European financial derivatives -- "a quasi-monopoly" Eurpean Commission 170
1-Feb-12 POL MON Evan Carmi; Matthew Ericson; David Nolen; Kevin Quealy; Michael Strickland; Jeremy White; Derek Willis Election 2012: The 2012 Money Race: Compare the Candidates U.S. presidential campaigns: amounts raised to date: all candidates, $186 million; Barack Obama, $139,526,311; Mitt Romney, $57,112,767; Ron Paul, $26,104,721; Newt Gingrich, $12,733,254 NYT 171
1-Feb-12 LAW RES David S. Law; Mila Versteeg The Declining Influence of the United States Constitution (February 1, 2012) [New York University Law Review, Vol. 87, No. 3, June 2012; Washington University in St. Louis Legal Studies Research Paper No. 11-09-01; Virginia Public Law and Legal Theory Research Paper No. 2011-39] David S. Law and Mila Versteeg on The Declining Influence of the United States Constitution: "In this Article, we show empirically that other countries have, in recent decades, become increasingly unlikely to model either the rights-related provisions or the basic structural provisions of their own constitutions upon those found in the U.S. Constitution. . . We find some support in the data for the notion that the Canadian Charter of Rights and Freedoms has influenced constitution-making in other countries." Social Science Research Network 172
2-Feb-12 GOV BANK DEBT Chairman Ben S. Bernanke The Economic Outlook and the Federal Budget Situation: Before the Committee on the Budget, U.S. House of Representatives, Washington, D.C. Chairman Ben S. Bernanke, on the economic outlook and the federal B\budget: " . . . risks remain that developments in Europe or elsewhere may unfold unfavorably and could worsen economic prospects here at home. . . The Committee (FOMC) now anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate at least through late 2014. . . The federal budget deficit widened appreciably with the onset of the recent recession, and it has averaged around 9 percent of gross domestic product (GDP) over the past three fiscal years. . . As we have seen in a number of countries recently, interest rates can soar quickly if investors lose confidence in the ability of a government to manage its fiscal policy. Although historical experience and economic theory do not indicate the exact threshold at which the perceived risks associated with the U.S. public debt would increase markedly, we can be sure that, without corrective action, our fiscal trajectory will move the nation ever closer to that point. . . " Federal Reserve Board 173
2-Feb-12 BANK FIN Deutsche Bank reported net income of EUR 4.3 billion for the full year 2011 Deutsche Bank 2011Q4 results: group revenues, €6.9 billion (down 7% YOY); net income, €186 million (down 69% YOY). Full year 2011 results: group revenues, €33.2 billion (up 16% YOY); net income, €4.3 billion (up 87% YOY) Deutsche Bank 174
2-Feb-12 BUS FIN MON Isabella Steger Venture Capitalists Flock to China, Leave Europe Behind Dow Jones VentureSource: venture capital equity financing received by companies in 2011: globally, $49 billion; U.S., $32,6 billion (up 10% YOY); China, $6 billion (up 8% YOY); Europe, $6.1 billion; UK, $1.7 billion (down 32% YOY) WSJ 175
2-Feb-12 PRO UN Palestinian Protesters Throw Shoes at UN Chief Gaza strip: Palestinian protesters throw shoes at United Nations Secretary-General Ban Ki-moon and his convoy VOA News-AFP-Reuters 176
2-Feb-12 ACC Scores missing in Papua New Guinea sinking A ferry, MV Rabaul Queen, sank off Papua New Guinea's coast with ~350 people on board; 238 survivors have been recovered  Al Jazeera: Agencies 177
2-Feb-12 PRO VIO David D. Kirkpatrick. Contributor: Mayy El Sheikh Clashes in Egypt as Mourners Unleash Fury Over Soccer Melee Egypt: thousands of protesters in several cities demand the military cede power, following football violence; violent clashes with police were reported NYT 178
2-Feb-12 PRO VIO William Ide Self-Immolations in China's Tibetan Areas Mark Shift in Tibet Movement Tibet: since Mar-2011, ≥16 Tibetans, mostly monks and nuns, have self-immolated in protest of Chinese government policies VOA News 179
2-Feb-12 GOV BUS FIN Damian Paletta With Tax Break, Corporate Rate Is Lowest in Decades The ratio of total corporate federal taxes paid to profits earned from activities in the U.S. in FY2011 fell to 12.1% -- down from 25.6% for the time period from 1987 to 2008 WSJ 180
3-Feb-12 BANK FRAUD LAW Edward Wyatt S.E.C. Is Avoiding Tough Sanctions for Large Banks An analysis by The New York Times of S.E.C. investigations indicates that "the agency has repeatedly allowed the biggest firms to avoid punishments specifically meant to apply to fraud cases"; the S.E.C. has not been using its enforcement powers -- large financial institutions were granted beneficial waivers after these settled fraud cases NYT 181
3-Feb-12 VIO CNN Wire Staff Iran's leader: War would be detrimental to U.S. Israel agitating for possible airstrikes against Iranian nuclear sites; Ayatollah Ali Khamenei: "The war itself will be 10 times as detrimental to the U.S." CNN 182
3-Feb-12 PRO VIO Deadly clashes in Egypt over football riots 2-Feb-12: Egypt: thousands protested demanding retribution for the deaths of 72 people killed in football violence; 5 were killed in violent clashes with authorities Al Jazeera-Agencies 183
3-Feb-12 PRO SEC Scott Shane. Contributors: Somini Sengupta; Nicole Perlroth F.B.I. Admits Hacker Group’s Eavesdropping Anonymous posted a recording of a conference call between the FBI, Scotland Yard and other police agencies about their investigation of Anonymous, Lulzsec, Antisec, and other groups [see http://www.youtube.com/watch?v=M6DfI0GBbjE]; other hacking activities reported NYT 184
3-Feb-12 GOV RES SPACE Iran to Set up Base for Satellite Launch Iran's Space Agency (ISA) to set up a base for launching satellites FARS News Agency 185
4-Feb-12 PRO MIL VIO Anthony Shadid. Contributors: Nada Bakri; Hwaida Saad; David D. Kirkpatrick Death Toll Is Said to Rise in Syrian City of Homs Syria: military forces assaulted Homs; the death toll is reportedly 260 NYT 186
4-Feb-12 PRO GOV Alexander Kolyandr; Gregory L. White. Contributors: Anna Masterova; Olga Padorina; Nonna Fomenko Thousands Rally Against Putin Moscow, Russia: >100,000 protested against election fraud and Prime Minister Vladimir Putin; also, tens of thousands of pro-Putin Russians protested against "lackeys of America" WSJ 187
4-Feb-12 UN Margaret Besheer Russia, China Veto UN Resolution on Syria U.N.: Russia and China vetoed a draft resolution backing an Arab League call for Syrian President Bashar Assad to resign VOA News 188
4-Feb-12 PRO VIO Riots in Egypt Continue: At Least 12 Dead, 2,500 Injured Egypt: protesters and police clashed; ≥12 people were killed VOA News-AP-AFP-Reuters 189
4-Feb-12 PRO GOV James Brooke Pro- and Anti-Putin Rallies Draw Mass Turnouts in Moscow Moscow, Russia: pro-Putin and anti-Putin rallies draw 138,000 and 100,000, respectively VOA News 190
4-Feb-12 PRO SEC Annie Gowen. Contributors: Michael Bolden; Carol Morello; Martin Weil; Clarence Williams Occupy D.C. camp raided by police Washington, DC: the police raided the Occupy D.C. camp in McPherson Square; Occupy protesters are part of a movement demonstrating against "economic inequality" Washington Post 191
4-Feb-12 MIL MAN Iran Starts Mass-Production of Naval Cruise Missile Iran to mass-produce a naval cruise missile (Zafar) FARS News Agency 192
4-Feb-12 PRO GOV WWW Peter Andrews Department of Homeland Security website hacked by Anonymous Homeland Security Department’s website, DHS.gov was reportedly taken down by Anonymous hacktivists RT: Reuters 193
5-Feb-12 VIO Karzai Condemns Deadly Car Bombing in Southern Afghanistan Afghanistan: a suicide car bombing at a police station in Kandahar killed 9 people; according to a U.N. report, >3,000 civilians were killed in Afghanistan in 2011 (up 8% from 2010) VOA News 194
5-Feb-12 VIO OIL  Oil Pipeline in Niger Delta Attacked by Militants 4-Feb-2012: Niger Delta, Nigeria: The Movement for the Emancipation of the Niger Delta (MEND) attacked an Italian-owned pipeline VOA News 195
5-Feb-12 HEAL CNN Wire Staff. Contributor: Dave Alsup Nearly 500 on 2 cruise ships stricken by Norovirus FL, U.S.: 499 cases of Norovirus were reported on 2 Princess Cruises ships CNN 196
5-Feb-12 PRO GOV Protesters attack 7 Syrian embassies around world in wake of bloody crackdown Protesters attacked 7 Syrian embassies around the world Fox News: AP 197
6-Feb-12 AOG QUAK 43 Killed in 6.8-Magnitude Philippines Earthquake Philippines: 6.8-magnitude quake killed ≥43 people VOA News-AFP-Reuters 198
6-Feb-12 ACC Pakistan: Nine die as Lahore factory collapses Lahore, Pakistan: a factory collapsed killing ≥9 people BBC News 199
6-Feb-12 GOV Diamond Jubilee: Queen celebrating 60-year reign U.K.: the Queen marks the 60th anniversary of her accession to the throne BBC News 200
6-Feb-12 GOV DEBT JOBS Niki Kitsantonis; David Jolly Greece to Eliminate 15,000 Government Jobs Greece to cut 15,000 government jobs in 2012; Greece needs €130 billion ($170.5 billion) in new bailout funds to avoid default in Mar-2012 NYT 201
6-Feb-12 GOV Scott Stearns US Closes Syria Embassy, Says UN Veto Emboldens Assad The U.S. closed its embassy in Syria VOA News 202
6-Feb-12 BANK BUS DEBT Mark Scott Europe’s Banks Reluctant to Lend to Companies in Need of Cash European credit crunch: banks are reluctant to lend to cash starved companies. Jonathan Loynes: “There’s a lack of business confidence across Europe”; insolvency is expected to increase by 12% in 2012 in the Eurozone NYT-DealBook 203
6-Feb-12 BANK MON LAW Giles Broom; Frank Connelly (ed,) Baer Slides as Swiss Bank Expects U.S. Fine on Taxes: Zurich Mover U.S.: 11 Swiss financial institutions are being investigated for alledgedly helping Americans hide money from the IRS Bloomberg 204
6-Feb-12 ELITE MON Maria Di Mento; Caroline Preston. Contributor: Caroline Bermudez Most-Generous Donors Gave More in 2011 but Still Lag Their Pre-Recession Pace The Chronicle of Philanthropy: the top 50 wealthy donors in America gave a total of $10.4-billion in 2011 (up from $3.3-billion in 2010); the median gift from donors was $61 million (down from $74.7 million in 2007). The top 5 donors in 2011 and the total amounts they committed are: 1. Margaret A. Cargill, $6 billion; 2. William S. Dietrich II, $5 billion; 3. Paul G. Allen, $372.6 million; 4. George Soros, $335 million; 5. Michael R. Bloomberg, $311.276 million. The Chronicle of Philanthropy 205
7-Feb-12 PRO GOV DEBT Greek Police Clash with Austerity Protesters Greece: thousands of workers protested the latest austerity measures imposed by creditors (EU, ECB, and IMF) VOA News-AP-AFP-Reuters 206
7-Feb-12 M&A BUS Mark Scott Glencore to Buy Remaining Stake in Xstrata for $41 Billion Glencore International to acquire the remaining stake in Xstrata it does not own for $41 billion NYT-DealBook 207
7-Feb-12 M&A BANK LAW Steven M. Davidoff Goldman, on Both Sides of a Deal, Is Now in Court El Paso shareholders have sued Goldman Sachs regarding a potential conflict of interest in a 2-sided transaction involving Kinder Morgan and El Paso – a combination and a potential spinoff NYT-DealBook 208
8-Feb-12 GOV ENER EDU Harper's 'strategic partner' China yields investment deal China: Canadian Prime Minister Stephen Harper and Chinese Premier Wen Jiabao reached agreements in a range of sectors, including energy and education CBC News-The Canadian Press 209
8-Feb-12 M&A GOV BANK New York Fed Sells $6.2 Billion in Face Amount of
Maiden Lane II LLC Assets; New York Fed Loan to be
repaid in full 
The Federal Reserve Bank of New York sold assets with a current face value of $6.2 billion from its Maiden Lane II LLC (ML II) portfolio through a competitive process to Goldman Sachs & Co. The remaining outstanding balance of the loan from the New York Fed to ML II to be repaid in full. Federal Reserve Bank of New York 210
8-Feb-12 GOV MIL Nirmala George India Upgrades Military to Match China India has acquired a nuclear-powered submarine from Russia; India has decided to buy 126 fighter jets from France and to get a retrofitted Soviet-built aircraft carrier Time: AP 211
9-Feb-12 BUS TECH FIN Lenovo Reports Third Quarter 2011/2012 Results Lenovo Group 2011/2012 Q3 results: sales, $8.4 billion (up 44% YOY); profit attributable to equity holders, $153 million; worldwide market share, 14.0%; market share in China, 35.3% Lenovo Group 212
9-Feb-12 BANK FIN Credit Suisse Group reports 2011 net income attributable to shareholders of CHF 1,953 million, Core Results pre-tax income of CHF 2,749 million, return on equity of 6.0%, underlying* return on equity of 7.3% Credit Suisse 2011Q4 results: net revenues, CHF 4,473 million (down 35.7% YOY); net loss attributable to shareholders of CHF 637 million (down from a profit of CHF 841 million in 2010Q4). Full-year 2011 results: net revenues, CHF 25,429 million (down 17% YOY); net income attributable to shareholders of CHF 1,953 million (down 62% YOY) Credit Suisse 213
9-Feb-12 GOV BANK DEBT Bank of England maintains Bank Rate at 0.5% and increases size of Asset Purchase Programme by £50 billion to £325 billion The Bank of England’s Monetary Policy Committee to keep the official Bank Rate paid on commercial bank reserves at 0.5%; and to increase the size of its asset purchase programme, financed by the issuance of central bank reserves, by £50 billion (15.4%) to £325 billion Bank of England 214
9-Feb-12 M&A BUS TECH Oracle Buys Taleo: Adds Leading Talent Management Cloud Offering to the Oracle Public Cloud Oracle to acquire Taleo Corporation (provider of cloud-based talent management) for ~$1.9 billion, net of Taleo’s cash and debt Oracle 215
9-Feb-12 GOV LAW Joseph I. Sen Lieberman (sponsor) Bill Text: 112th Congress (2011-2012) S.2038.ES U.S.: The House of Representatives approved Bill S.2038: `Stop Trading on Congressional Knowledge Act of 2012' or the `STOCK Act' (417-2, 14 not voting); the bill seeks "To prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes" The Library of Congress-THOMAS 216
9-Feb-12 GOV BANK DEBT Federal Reserve Board announces agreement in principle with five banking organizations regarding the issuance of monetary sanctions The Federal Reserve Board reached an agreement in principle with 5 banking organizations regarding the issuance of monetary sanctions totaling $766.5 million "for unsafe and unsound processes and practices in residential mortgage loans servicing and foreclosure processing." Total amounts of the monetary sanctions: Bank of America, 175.5 million; Wells Fargo, $87 million; JPMorgan Chase, $275 million; Citigroup, $22 million; Ally Financial, $207 million. Federal Reserve Board 217
9-Feb-12 PRO MIL VIO Scores killed' in shelling of Syria's Homs Syria: government forces shelled Homs for the 6th day in a row; according to the Local Co-ordination Committees 110 people were killed in Homs  Al Jazeera-Agencies 218
9-Feb-12 PRO GOV JOBS General strike enters second day in Israel 8-9-Feb-2012: Israel: general strike involving ~500,000 people to force the government to hire workers and provide good working conditions Al Jazeera: Agencies 219
9-Feb-12 GOV BANK DEBT Greece Reaches Accord on Austerity Demands Greece reached an accord on international creditors' austerity demands; to avoid default in Mar-2012, Greece needs a $172-billion bailout from the European Union, the ECB and the IMF VOA News 220
9-Feb-12 GOV BANk DEBT 9 February 2012 - Monetary policy decisions The Governing Council of the ECB decided to keep the interest rate on the main refinancing operations, the interest rates on the marginal lending facility, and the deposit facility unchanged at 1.00%, 1.75%, and 0.25%, respectively European Central Bank 221
9-Feb-12 JUST BANK FRAUD Federal Government and State Attorneys General Reach $25 Billion Agreement with Five Largest Mortgage Servicers to Address Mortgage Loan Servicing and Foreclosure Abuses – $25 Billion Agreement Provides Homeowner Relief & New Protections, Stops Abuses U.S.: the federal government and state attorneys general reach $25 billion agreement with the 5 largest mortgage servicers to address mortgage loan servicing and foreclosure abuses; the 5 largest mortgage servicers include: Bank of America Corporation, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. (formerly GMAC). [See Financial Fraud Enforcement Task Force, http://www.stopfraud.gov/.] U.S. Department of Justice 222
10-Feb-12 PRO VIO DEBT Athens clashes over Greece eurozone austerity deal Greece: protesters clashed with police in Athens over austerity measures imposed by eurozone ministers; austerity measures include: cut of 15,000 public-sector jobs, weakening of labor laws, decreasing the minimum wage by 20%; Greece's unemployment rate is >20%. BBC News 223
10-Feb-12 PRO VIO Blasts in Aleppo as 'tanks mass outside Homs'  Syria: explosions in Aleppo killed 28 people Al Jazeera-Agencies 224
10-Feb-12 JUST REL Nirmala Carvalho Gujarat massacre: government to rebuild more than 500 places of worship India: Gujarat High Court ruling regarding >500 places of worship destroyed during the 2002 riots (>1,000 people were killed): the government of Gujarat will have to compensate and rebuild the destroyed properties AsiaNews.it 225
10-Feb-12 RES BANK DEBT Italian Banks Downgraded; S.&P. Cites Lending Risk Standard & Poor’s (S&P) downgraded 34 Italian financial firms, including UniCredit, Intesa Sanpaolo, and Banca Monte dei Paschi di Siena NYT: Bloomberg 226
11-Feb-12 PRO LAW WWW Dave Lee Acta protests: Thousands take to streets across Europe Europe: thousands of people protested against the Anti-Counterfeiting Trade Agreement (ACTA). BBC News 227
11-Feb-12 PRO LAW WWW Stop ACTA Open Rights Group, London, UK: "The Anti-Counterfeiting Trade Agreement is an international agreement, negotiated in secret. It is supposed to tackle large-scale counterfeiting. But its overly broad definitions, harsh punitive measures and lack of democratic validity make it a danger to how our Internet is governed and to freedom of expression and privacy online." According to ORG: "ACTA has no democratic credibility"; "ACTA threatens your privacy and freedom of speech"; "ACTA would be a hindrance to innovation"; "ACTA could hurt developing countries." Open Rights Group 228
11-Feb-12 VIO A Terrorist Group Assassinates Brigadier General Dr.  Issa al-Kholi in Damascus Syria: an armed terrorist group is targeting Syrian intellectuals and medical and technical cadres; the group assassinated Director of Hamish Hospital in Damascus, Brigadier General, Dr. Issa al-Kholi; others assassinated include a professor at al-Baath University,an engineer and nuclear specialist, the head of Thoracic Surgery Department at Homs National Hospital, a teacher at the National Center for Excelled Students in Homs . . . [SANA] Syrian Arab News Agency 229
11-Feb-12 GOV FIN DEBT Harry Papachristou; Matt Robinson; Michael Roddy (ed.) It's bailout or chaos, PM Papademos tells Greece Greece: Prime Minister Lucas Papademos, to Greek lawmakers: back the financial bailout or condemn Greece to "uncontrolled economic chaos and social explosion" Reuters 230
11-Feb-12 PRO GOV DEBT Andrei Khalip
Lisbon Protests: More Than 100,000 Rally Against Austerity In Portugal Lisbon, Portugal: >100,000 protesters (300,000, according to organisers) rallied against austerity measures Huffington Post: Reuters 231
12-Feb-12 GOV NUC Christopher Leake; Damien Gayle Have they now got nukes? New Iran fear as it warns West: We've made a major breakthrough 11-Feb-2012: Iran: President Mahmoud Ahmadinejad, at a rally of tens of thousands of Iranians in Tehran: ‘Within  the next few days the world will witness the inauguration of several big new achievements in the nuclear field" Daily Mail 232
12-Feb-12 PRO VIO DEBT Niki Kitsantonis; Rachel Donadio. Contributors: Julie Creswell; Elisabetta Povoledo Greek Parliament Passes Austerity Plan After Riots Rage Greece: financial bailout: the Greek Parliament approved harsh austerity measures imposed by creditors (European Commission, ECB, IMF); more than 80,000 people demonstrated against financial capitulation; violent riots were reported in many cities NYT 233
12-Feb-12 PRO GOV REL Al-Qaida Leader Voices Support for Syrian Uprising 11-Feb-2012: Al-Qaeda leader Ayman al-Zawahiri urged Muslims to support anti-government rebels in Syria and "called on Syrians not to rely on the West or Arab governments" VOA News-AP-AFP-Reuters 234
12-Feb-12 PRO GOV POL Robert Berger Palestinian Hunger Striker Stirs Emotions Protesters support Khader Adnan, a Palestinian prisoner from Islamic Jihad who has been on a hunger strike for 58 days! VOA News 235
13-Feb-12 BANK JOBS ANZ announces changes in Australia to respond to emerging business environment ANZ to reduce employment in Australia by ~1,000 permanent employees (ANZ employs ~24,000 staff in Australia and 49,000 world-wide). ANZ CEO Australia Philip Chronican: “A different and very difficult environment is now emerging for banks globally. . . we are also having to adapt our business to the new conditions and become leaner, more agile and more customer-focused so we ensure the bank remains strong and can grow and invest for the future. At the same time, we know we have to keep working hard to become a better bank. . ." Australia and New Zealand Banking Group Limited 236
13-Feb-12 VIO POL Israeli envoys targeted in India and Georgia Israel's embassies on high alert: Israeli diplomats have been targeted by car bombs in India and Georgia Al Jazeera-Agencies 237
13-Feb-12 RES GOV DEBT Rating Action: Moody's adjusts ratings of 9 European sovereigns to capture downside risks Moody's Investors Service downgraded the sovereign debt ratings of 9 EU countries, including Italy, Malta, Portugal, Slovakia, Slovenia, and Spain; the ratings for Austria, France, and the U.K. were changed to negative Moody's Investors Service 238
13-Feb-12 GOV FIN Greg Robb Obama sends $3.8 trillion budget to Congress; GOP: Obama breaks 2009 pledge to halve deficit by end of first term President Barack Obama's budget request for FY2013 is $3.8 trillion (23% of the U.S.’s GDP) [see http://www.state.gov/documents/organization/183755.pdf] MarketWatch 239
13-Feb-12 PRO VIO DEBT Niki Kitsantonis; Rachel Donadio. Contributors: Dimitris Bounias; Stephen Castle; Melissa Eddy  Athens Shaken by Riots After Vote for Austerity Greece: austerity measures imposed on Greece by creditors triggered massive protests (80,000 demonstrators), riots, vandalism, and looting; ~150 stores were vandalized and looted, and ~45 buildings, including banks, were torched NYT 240
13-Feb-12 BUS BANK RES Kevin Roose Wall Street’s Reputation Still Falling Harris Interactive: The 2012 Harris Poll Annual RQ Study: key survey findings: the financial sector is the 3rd lowest ranked sector by reputation (the 2 lowest ranked sectors are government and tobacco); the reputations quotients (RQ) of Bank of America, Berkshire Hathaway, Wells Fargo, JPMorgan Chase and Goldman Sachs fell significantly NYT-DealBook 241
14-Feb-12 M&A BUS RE Stefan Nicola; Nicholas Comfort; Reed Landberg (ed.) Patrizia Immobilien Shares Gain $1.89 Billion LBBW Deal: Frankfurt Mover A group led by Patrizia Immobilien AG to acquire LBBW Immobilien GmbH (Landesbank Baden-Wuerttemberg’s real estate unit) for €1.44 billion ($1.89 billion) Bloomberg 242
14-Feb-12 GOV WWW LAW Online surveillance bill tabled in House Canada: proposed "protecting children from internet predators act" was tabled by Stephen Harper's Conservative government; the bill would permit police and intelligence agencies to access Canadians' electronic communications without a warrant CBC News 243
14-Feb-12 BUS JOBS MetLife Says Derivatives Lifted Its Quarterly Profit MetLife to shut and eliminate most of the 4,300 jobs in its mortgage origination business NYT: Bloomberg News 244
15-Feb-12 PRO MKT WWW Lee J NASDAQ website taken offline by hackers Hackers using the handle L0NGwave99 have reportedly taken down NASDAQ's website Cyber War News 245
15-Feb-12 M&A BUS FOOD Kellogg Company Announces Agreement to Acquire Procter & Gamble's Pringles Business Kellogg to acquire Procter & Gamble‘s Pringles business for $2.695 billion Kellogg-PRNewswire 246
15-Feb-12 BANK FIN Fourth Quarter 2011 Results BNP Paribas 2011Q4 results: revenues, €9.686 billion (down 6.1% YOY); net income attributable to equity holders, €765 million (down 50.6% YOY). Full year 2011: €42.384 billion (down 3.4% YOY); net income attributable to equity holders, €6.050 billion (down 22.9% YOY). BNP Paribas 247
15-Feb-12 BUS FIN MetLife Announces Fourth Quarter and Full Year 2011 Results MetLife 2011Q4 results: total operating revenues, $16.405 billion (up 19% YOY); net income, $1.125 billion (up from $51 million in 2010Q4). Full year 2011: total operating revenues, $65.384 billion (up 27% YOY); net income, $6.713 billion (up from $2.668 billion in 2010Q4). MetLife 248
15-Feb-12 ACC Prison fire in Honduras leaves at least 300 dead, official says Honduras: prison fire killed ≥300 inmates Los Angeles Times: AP 249
15-Feb-12 VIO REL Sharqia: Church and homes set on fire by some 2,000 Muslim extremists Egypt: ~2,000 extremists, mainly Salafists, set fire to the Church of St Mary and St Abram in a village north-east of Cairo; peace was mediated by the Muslim Brotherhood's Freedom and Justice Party AsiaNews.it 250
15-Feb-12 SCIE NUC Iran Touts Uranium Enrichment Advances Iran unveiled a new generation of centrifuges to speed up uranium enrichment and Iran-produced fuel rods FARS News Agency 251
15-Feb-12 RES BANK DEBT Rating Action: Moody's Reviews Ratings for European Banks Moody's Investors Service announced rating actions affecting 114 financial institutions in 16 European countries: the following were placed on review for downgrade: (i) the standalone credit assessments for 99 financial institutions; (ii) the long-term debt and deposit ratings for 109 institutions; (iii) the short-term ratings for 66 institutions. The distribution of the headquarters of the financial institutions affected by this announcement, by country and rank, is as follows: Italy (24), Spain (21), France (10), UK (9), Austria (8), Denmark (8), Germany (7), Netherlands (6), Portugal (6), Sweden (5), Slovenia (4), Switzerland (2), Belgium (1), Finland (1), Luxembourg (1), Norway (1). Moody's Investors Service, Inc.,  252
15-Feb-12 RES Bank DEBT Announcement: Moody's Reviews Ratings for Banks and Securities Firms with Global Capital Markets Operations Moody's Investors Service announced a review of 17 banks and securities firms with global capital markets operations; the long-term ratings and standalone credit assessments  for Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Royal Bank of Canada were placed under review. Moody's Investors Service, Inc.,  253
15-Feb-12 GOV ECON LAW Paul Kane Negotiators reach deal; vote expected soon on $150B economic package U.S.: Comgressional negotiators approval a $150-billion economic package extending a payroll tax holiday and unemployment benefits Washington Post 254
15-Feb-12 ELITE BANK VIO Margaret Kimberley Freedom Rider: Greece: Your Money or Your Life Margaret Kimberley: "Greece’s plight proves the Lords of Capital have no more use for democratic facades. The Greeks will be forced to surrender to “the free movement of capital” and take no actions that would “influence the management or control of companies.” For the people’s purposes, the Greek state has ceased to exist. “The sad truth is that citizens of supposedly democratic countries live in dictatorships of, for, and by the rich."" Black Agenda Report 255
16-Feb-12 REL FIN MEDIA Pope Warns Against The Power Of Finance And Of The Media 15-Feb-2012: Pope Benedict XVI, on the force of evil: "two great powers which are good and useful in themselves but easily open to abuse: the power of finance and the power of the media. Both are necessary, both are useful, but so subject to misuse that they often go against their true goals. . . we see how the world of finance can dominate mankind. Possession and appearance dominate and enslave the world. . . Finance is no longer a tool to promote well being and to support the life of man, but a force that oppresses him, one which almost has to be worshipped. . . Be non conformists. What counts is not possession but existence. . . we have a great need of information, knowledge about the truth of the world; but there is a power of appearance which in the end counts even more than reality itself. . . Man no longer pursues the truth but wants above all to appear . . . there is a Christian non conformism. . .  We want not appearance but truth, and this will give us true freedom." Vatican Information Service 256
16-Feb-12 GOV FIN DEBT Ylan Q. Mui Consumer agency wants oversight of debt collectors, credit bureaus The Consumer Financial Protection Bureau (CFPB) proposed to oversee debt collectors, credit bureaus, and credit reporting agencies (Experian, Equifax and TransUnion) Washington Post 257
16-Feb-12 BUS AUTO FIN GM Reports 2011 Net Income of $7.6 Billion GM 2011Q4 results: revenue, $38.0 billion (up 3% YOY); net income attributable to common stockholders, $0.5 billion (up 0% YOY). Full year 2011: revenue, $150.3 billion (up 10.8% YOY); net income attributable to common stockholders, $7.6 billion (up 61.7% YOY) General Motors 258
16-Feb-12 BANK FIN 2011 Activities and Results; Regularity Information Societe Generale 2011Q4 results: net banking income, €6.010 billion (down 12.4% YOY); group net income, €100 million (down 88.6% YOY). Full-year 2011: net banking income, €25.636 billion (down 3.0% YOY); group net income, €3.385 billion (down 39.1% YOY) Societe Generale 259
17-Feb-12 M&A OIL Encana and Mitsubishi enter into partnership for development of Cutbank Ridge undeveloped lands in British Columbia Encana-Mitsubishi partnership: Mitsubishi to acquire a 40% interest in the partnership for C$2.9 billion; the partnership to hold ~409,000 net acres of Encana's undeveloped natural gas lands in the Cutbank Ridge in British Columbia Encana-Business Wire 260
17-Feb-12 GOV ECON Paul Kane; Ben Pershing Congress passes extension of payroll tax cut U.S.: Congress passed a $150 billion economic package extending a payroll-tax cut and unemployment benefits through the end of 2012 Washington Post 261
17-Feb-12 VIO SEC Carol Cratty Police: Suicide attack on U.S. Capitol foiled U.S.: alleged suicide attack on U.S. Capitol foiled CNN 262
17-Feb-12 M&A BUS FIN Steven Crabill (ed.); Christian Baumgaertel (ed.); Josh Friedman (ed.) Goldman Sachs, Advent to Acquire TransUnion for $3 Billion Advent International Corp. and GS Capital Partners (a Goldman Sachs Group Inc. private equity unit) to acquire TransUnion Corp. (credit bureau) for $3 billion Bloomberg-Businessweek 263
17-Feb-12 MKT OIL Light Sweet Crude Oil (WTI) Futures CME Group: NYMEX: light sweet crude oil futures, Mar-2012 delivery: $103.24 (up 0.9%) CME Group 264
17-Feb-12 VIO REL Ali Afzaal. Contributors: Saud Mehsud; Jibran Ahmad; Qasim Nauman; Sanjeev Miglani (ed.)
Suicide bomber kills 26 in NW Pakistan, ignites protest Pakistan: a suicide bomber targeted a Shia mosque and killed ≥26 people Reuters 265
17-Feb-12 PRO GOV LAW Quinn Norton Anonymous Promises Regularly Scheduled Friday Attacks In protest against ACTA, the Antisec wing of Anonymous attacked a Federal Trade Commission (FTC) webserver (business.ftc.gov, consumer.gov and ncpw.gov); Anonymous also plans to attack government and corporate sites under the theme of #FFF (Fuck the FBI Friday) WIRED 266
17-Feb-12 ELITE ECON JOBS Edward Cody Spain faces unemployment pain after embracing austerity in European crisis Spain: a consequence of austerity measures imposed by creditors on Spain: unemployment rates in 2012: total, 21.6%; 24 or younder, 46.4% [source: Eurostat] Washington Post 267
17-Feb-12 BUS TECH SEC Nick Wingfield; Somini Sengupta Drones Set Sights on U.S. Skies U.S.: new federal law allows use of drones for commercial purposes, including policing, reconnaissance, monitoring, and surveillance; the market for drones is estimated at $5.9 billion NYT 268
17-Feb-12 PRO GOV Palestinians rally in support of hunger strike prisoner Gaza and the West Bank: thousands rallied in support of Khader Adnan on the 62nd day of a hunger strike; Adnan is protesting his detention by Israel BBC News 269
18-Feb-12 REL Composition Of The College Of Cardinals Pope Benedict XVI celebrated the 4th ordinary public consistory of his pontificate, and created 22 new cardinals; the College of Cardinals has now 213 members, distributed as follows: Europe 119, North America (U.S.A. and Canada) 21, Latin America 32, Africa 17, Asia 20 and Oceania 4 Vatican Information Service 270
19-Feb-12 GOV ECON OIL Najmeh Bozorgmehr Tehran halts oil sales to UK and France Iran stopped oil sales to France and UK – this is a retaliatory strike against the EU's oil embargo on oil purchases from Iran Financial Times 271
19-Feb-12 VIO CNN Wire Staff. Contributors: Rey Rodriguez; Victor Badillo 38 killed in Mexican prison riot Mexico: prison riot killed ≥38 people CNN 272
19-Feb-12 VIO Deadly suicide bomb attack in Baghdad Iraq: suicide car bomb attack killed ≥15 people in Baghdad Al Jazeera-Agencies 273
19-Feb-12 PRO GOV DEBT Greeks rally against austerity steps Greece: hundreds of protesters protested deep budget cuts imposed by creditors, including a 22% cut in the minimum wage and a 12% cut in pensions of more than $1,700/month Al Jazeera: Agencies 274
19-Feb-12 VIO Syrian Forces Clamp Down on Damascus Syria: Syrian forces deployed forces in a Damascus neighborhood; activists reported 14 people were killed throughout Syria; SANA repoted 12 security personnel were also killed VOA News-AP-AFP-Reuters 275
20-Feb-12 UN Darfur Rebels Kidnap 50 UN Peacekeepers The Justice and Equality Movement (JEM) abducted ~50 UN peacekeepers VOA News-AFP-Reuters 276
20-Feb-12 M&A BUS OIL URS to Acquire Flint Energy Services for C$1.25 Billion; Will Significantly Expand URS Presence in Fast-Growing Segments of North American Oil and Gas Industry, Particularly in Unconventional Oil and Gas Extraction URS to acquire Flint Energy Services for $1.25 billion, and assume ~$225 million in Flint debt URS 277
21-Feb-12 GOV BANK DEBT David Mchugh. Contributors: Derek Gatopoulos; Elena Becatoros; Sarah di Lorenzo; Don Melvin; Paul Wiseman Greece bailout wards off Europe meltdown European ministers agreed to an extra €130 billion ($172 billion) bailout package for Greece funded by the EU and the IMF; Greece's first bailout package in 2010 was for €110 billion ($146 billion); the total bailout per capita is ~€22,000 ($29,000); private bondholders' losses on Greek bonds are estimated at >70%  AP 278
21-Feb-12 M&A BUS ENER Fortis Inc. To Acquire Ch Energy Group, Inc. For Us$1.5 Billion Fortis Inc. to acquire Ch Energy Group, Inc. for $1.5 billion, including the assumption of ~$500 million of debt Fortis 279
21-Feb-12 REL US apologises for Afghan 'Quran incident' Afghanistan: hundreds of Afghans protested against US forces burning copies of the Quran Al Jazeera-Agencies 280
21-Feb-12 FIN MON Mark Scott BC Partners Raises $8.6 Billion Fund London, U.K.: BC Partners raised €6.5 billion ($8.6 billion);   NYT-DealBook 281
21-Feb-12 MKT OIL Light Sweet Crude Oil (WTI) Futures CME Group: NYMEX: light sweet crude oil futures, Mar-2012 delivery: $105.84/barrel (up 2.5%) CME Group 282
21-Feb-12 PRO VIO Edward Yeranian Activists: Syrian Forces Kill 63 as Red Cross Seeks Daily Truce Syria: Syrian security forces reportedly killed 63 people in Homs and northern villages; the distribution of civilian deaths since Mar-2011 is as follows: Homs 2,400; Daraa 715; Idlib 603; Damascus 551; Hama 460; Deir Ezzor 169; Latakia 156; Aleppo 49; Banias 13; Tartous 6 [source: Syrian Observatory for Human Rights] VOA News 283
21-Feb-12 BANK MON David Enrich Top Banks in EU Rush for Safety WSJ: as of 31-Dec-2011, the top 8 European banks held ~$816 billion (up 50% YOY) in cash and deposits at central banks WSJ 284
21-Feb-12 BUS FIN Walmart reports Q4 EPS from continuing operations of $1.51; Walmart U.S. delivers positive traffic and positive comp sales in Q4 Walmart 2012Q4 results: net sales, $122.3 billion (up 5.8% YOY); income from continuing operations attributable to Walmart, $5.194 billion (up 3.4% YOY). Full-year 2012 results: consolidated net sales, $443.9 billion (up 5.9% YOY); income from continuing operations attributable to Walmart, $15.766 billion (up 2.7% YOY) Walmart 285
21-Feb-12 GOV SEC Alexis Madrigal Who Do You Trust Less: the NSA or Anonymous? Alexis Madrigal: "Intelligence officials seem to be polishing up their case to take on Anonymous like a 'stateless' terrorist group" The Atlantic 286
21-Feb-12 PRO GOV A Guest Anonymous message to the United States. Game Over Message from Anonymous to the United States government: "We now see that you have publicly labeled Anonymous as leaderless terrorist organization that poses as a high threat to national security. . . On 12.21.2012 we seek to put and end to corruption world wide. A time to end censorship. A time to end tyranny. A time to leak it all."

Pastebin 287
21-Feb-12 EDU FREE WWW Al Baker; Kate Taylor. Contributors: William K. Rashbaum Bloomberg Defends Police’s Monitoring of Muslim Students on Web NY Mayor Michael Bloomberg defends the monitoring by police of Muslam students on the web; by contrast, Yale University’s president, Richard C. Levin, said in an e-mail: “I am writing to state, in the strongest possible terms, that police surveillance based on religion, nationality or peacefully expressed political opinion is antithetical to the values of Yale, the academic community and the United States.” NYT 288
21-Feb-12 M&A BANK ENER Wells Fargo Agrees to Acquire the North American Reserved-Based and Related Diversified Energy Lending Business of BNP Paribas Wells Fargo Bank to acquire the North American reserve-based and related diversified energy lending business of BNP Paribas; the BNP energy business has ~$9.5 billion of loan commitments, and ~$3.9 billion in loans outstanding Wells Fargo 289
22-Feb-12 RES GOV DEBT Paul Rawkins (Primary Analyst); Chris Pryce (Secondary Analyst); David Riley (Committee Chairperson) Fitch Downgrades Greece to 'C' from 'CCC' Fitch Ratings downgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) from 'CCC' to 'C' Fitch Ratings 290
22-Feb-12 M&A BUS OIL Mark Scott Shell to Buy Cove Energy for $1.6 Billion Royal Dutch Shell to acquire Cove Energy (oil exploration company) for £992 million ($1.6 billion) NYT-DealBook 291
22-Feb-12 PRO GOV BANK Contributors: Derek Gatopoulos; Elena Becatoros; Geir Moulson Greek Lawmakers Rush to Clear Promised Austerity Greece: >6,000 people protested against measures imposed by creditors (Eurozone and IMF) on Greeks NYT: AP 292
22-Feb-12 ACC Argentina train crash kills 49, injures hundreds Argentina: train crash in Buenos Aires killed 49 people and injured ≥550 CBC News: AP 293
22-Feb-12 PRO MIl VIO Syria Shelling Kills 19, Including 2 Western Journalists Syria: shelling of Homs killed ≥19 people, including 2 Western journalists VOA News-AP-AFP-Reuters 294
22-Feb-12 LAW BUS Jackie Calmes; John H. Cushman Jr. Contributor: John Harwood Obama Unveils Proposal to Cut Corporate Tax Rate White House: President Obama asked Congress to reduce the top corporate tax rate from 35% to 28% (25% for manufacturers) NYT 295
22-Feb-12 BUS TECH FIN HP Reports First Quarter 2012 Results HP 2012Q1 resuts: GAAP net revenue, $30 billion (down 7% YOY); GAAP net earnings, $1.5 billion (down 44% YOY) Hewlett-Packard Development Company-Martketwire via Comtex 296
22-Feb-12 MKT GOLD Gold Futures CME Group: NYMEX: settlement for gold futures, Apr-2012 delivery: $1771.30/oz. (up 0.7%) CME Group 297
22-Feb-12 PRO FIN DEBT Alain Badiou; Jean-Christophe Bailly; Étienne Balibar; Claire Denis; Jean-Luc Nancy; Jacques Ranciere; Avital Ronell Alain Badiou. Save the Greeks from their Saviors! [Translation into English by Anastazia Golemi and Drew S. Burk] Alain Badiou et al: "At a time when one Greek youth out of two is unemployed. Where 25,000 homeless wander the streets of Athens. Where 30% of the population has fallen under the poverty line and where millions of families are forced to place their children in the care of someone else in order for them not to die of hunger or cold, where refugees and the new poor compete for trashcans at the public dump, the “saviors” of Greece, under the pretext that “Greece is not trying hard enough”, impose a new aid plan that doubles the lethal administered dose. A plan that abolishes the right to work and reduces the poor to the most extreme misery, at the same time as it makes the middle class disappear. The goal is not about “saving” Greece. All economists worthy of this name agree on this point. It’s about gaining time in order to save the creditors at the same time it leads the country into deferred collapse. Above all it’s about making a laboratory of social change out of Greece that, in a second generation, will spread throughout all of Europe..." The European Graduate School 298
23-Feb-12 LAW FIN Ben Proress Regulators Adopt New Derivatives Rules The U.S. Commodity Futures Trading Commission (CFTC) to adopt new rules for the biggest players in the derivatives industry (swap dealers include big banks, brokerages, energy-trading firms, hedge funds, etc.); the size of the derivatives industry is estimated at $600 trillion NYT-DealBook 299
23-Feb-12 VIO Asaad Alazawi; Ernesto Londoño. Contributor: Aziz Alwan Scores killed in wave of al-Qaeda bombings across Iraq Iraq: bombings across Iraq targeted security forces and killed 55 people; the Islamic State of Iraq, a branch of al-Qaeda, claimed responsibility Washington Post 300
23-Feb-12 GOV ECON FIN Treasury Announces $3.6 Billion in New Markets Tax Credit Awards to Revitalize Low-Income and Distressed Communities The U.S. Department of the Treasury announced $3.6 Billion in New Markets Tax Credit (NMTC) awards "to revitalize low-income and distressed communities" U.S. Department of the Treasury 301
23-Feb-12 M&A BANK Citigroup Successfully Executes Sale of 9.85% Interest in HDFC Ltd. Citigroup Inc. sold its 9.85% interest in Housing Development Finance Corporation Ltd. (HDFC) in a transaction valued at ~$1.9 billion Citigroup 302
23-Feb-12 HEAL REL VIO Alberto Giubilini; Francesca Minerva After-birth abortion: why should the baby live? [J Med Ethics doi:10.1136/medethics-2011-100411] Alberto Giubilini and Francesca Minerva argue that "what we call ‘after-birth abortion’ (killing a newborn) should be permissible in all the cases where abortion is, including cases where the newborn is not disabled," because: "(1) both fetuses and newborns do not have the same moral status as actual persons, (2) the fact that both are potential persons is morally irrelevant and (3) adoption is not always in the best interest of actual people" Journal of Medical Ethics 303
24-Feb-12 GOV DEBT Howard Schneider Greece posts debt offer to investors on Web site Greece: the Finance Ministry made a bond exchange offer to investors: current Greek bonds can be swapped for (1) a 30-year note worth 31.5% of the bonds' face value, and (2) a short-term security worth another 15% backed by the euro zone Washington Post 304
24-Feb-12 FIN DEBT GOV Kevin Roose A.I.G. Buys $2 Billion in Maiden Lane Bonds AIG acquired almost $2 billion in bonds held in Maiden Lane II, a vehicle financed by the Federal Reserve Bank of New York as part of the financial bailout in 2008 NYT-DealBook 305
24-Feb-12 BUS FIN AUTO Volkswagen presents 2011 preliminary consolidated financial statements Volkswagen AG 2011 preliminary results: sales revenue, €159.337 billion (up 25.6% YOY); profit attributable to shareholders of Volkswagen AG, €15.409 billion (up 125.4% YOY) Volkswagen 306
24-Feb-12 PRO BUS JUST A Guest Geo Group Prison Industry Hacked & Defaced By Anonymous On #Fuckfbifriday Umad?? Anonymous hacked The Geo Group website: "As part of our ongoing efforts to dismantle the prison industrial complex, we attacked one of the largest private prison corporations in the US – Geo Group. Despite the well documented history of corruption, scandal, and atrocities that companies like GEO perpetuate each and every minute our friends are locked behind their prison walls, the private prison industry is still booming" [hashtags: #anonymous, #antisec, #fuckfbifriday, #occupywallstreet, #freeanons] [source: Pastbin]. The Geo Group 2011 results: revenue, $1.6 billion; net profit, $77.5 million [source: AFP, http://www.google.com/hostednews/afp/article/ALeqM5gBwPi3Q43wMi5Ab1AFaNymZ2-6sw]. Pastebin 307
24-Feb-12 PRO VIO REL Fresh Anti-US Protests Erupt in Afghanistan 21-24-Feb-2012: Afghanistan: thousands protest against burning of Qurans; ≥22 people, including 2 Americans, were killed VOA News-AP-AFP-Reuters 308
24-Feb-12 VIO MIL 7 al-Shabab Militants Killed in Somalia Airstrike Somalia: an airstrike killed 7 al-Shabab members; al-Shabab is linked to al-Qaida VOA News 309
24-Feb-12 BANK GOLD DEBT IMF Executive Board Approves Distribution of US$1.1 Billion Gold Sales Profits to Facilitate Contributions to Support Concessional Lending to Low-Income Countries The Executive Board of the International Monetary Fund (IMF) approved the distribution of SDR 700 million (~$1.1 billion) in reserves attributed to profits from IMF gold sales for IMF members to voluntarily support concessional lending to low-income countries (LICs) [2009-2010 gold sales: total proceeds, SDR 9.54 billion (~$14.8 billion); profit, SDR 6.85 billion ($10.6 billion)] IMF 310
24-Feb-12 M&A BUS OIL El Paso to Sell Exploration and Production Company Consortium led by Apollo Global Management to acquire EP Energy Corporation, an exploration and production unit of El Paso Corp., for ~$7.15 billion El Paso Corporation 311
25-Feb-12 ELITE BANK JOBS Mark Scott Lloyds Posts $4.4 Billion Loss for 2011 Lloyds Banking Group (largest bank in Britain; 41%-owned by taxpayers): lost £2.8 billion ($4.4 billion) in 2011 (down from a £320 million loss in 2010); paid £375 million in bonuses; and plans to terminate 15,000 jobs by 2014 (including 3,700 jobs terminated in 2010) NYT-DealBook 312
25-Feb-12 VIO REL At Least 17 Killed In Nigeria Violence Nigeria: bombings and shootings killed 17 people, including 5 worshipers VOA News-AP-AFP 313
25-Feb-12 VIO Edward Yeranian Car Bomb Detonates, Kills 26 as Yemen Swears in President Yemen: suicide car-bombing at the presidential compound killed ≥26 people VOA News 314
25-Feb-12 GOV POL ELITE Noam Chomsky The imperial way: US decline in perspective Noam Chomsky on the decline of the U.S.: "In the years of conscious, self-inflicted decline at home, "losses" continued to mount elsewhere. In the past decade, for the first time in 500 years, South America has taken successful steps to free itself from western domination, another serious loss. The region has moved towards integration, and has begun to address some of the terrible internal problems of societies ruled by mostly Europeanised elites, tiny islands of extreme wealth in a sea of misery. They have also rid themselves of all US military bases and of IMF controls. A newly formed organisation, CELAC, includes all countries of the hemisphere apart from the US and Canada. If it actually functions, that would be another step in US decline . . . The Arab Spring, another development of historic importance, might portend at least a partial "loss" of MENA. . ." Al Jazeera 315
25-Feb-12 BUS FIN Andrew Frye; Noah Buhayar; Dan Kraut (ed.) Berkshire Profit Drops 30% on Smaller Gains From Buffett’s Derivative Bets Berkshire Hathaway Inc. 2011Q4 results: net income, $3.05 billion (down 30% YOY); cash, $37.3 billion on 31-Dec-2011 (up 7% QOQ) Bloomberg 316
26-Feb-12 PRO VIO GOV Syria holds vote on new constitution Syria: Syrians voted on a new constitution; violence has reportedly killed >7,600 people Al Jazeera-Agencies 317
26-Feb-12 PRO MPOPPEL WikiLeaks begins publishing 5 million emails from STRATFOR [Via BNO News Wire Service] MPOPPEL: "WikiLeaks began publishing The Global Intelligence Files – more than five million emails from the Texas-headquartered "global intelligence" company Stratfor. . . Government and diplomatic sources from around the world give Stratfor advance knowledge of global politics and events in exchange for money. The Global Intelligence Files exposes how Stratfor has recruited a global network of informants who are paid via Swiss banks accounts and pre-paid credit cards. Stratfor has a mix of covert and overt informants, which includes government employees, embassy staff and journalists around the world. . ." Pastebin 318
26-Feb-12 PRO BANK GOV A Guest PROJECT MAYHEM 2012 LOLOKAUST: DHS, Y U NO LOL AT #PM2012? Project Mayhem 2012: "RU READY 4 TEH LOLOKAUST? . . . Imagine the corrupt start to Fear Us. Imagine corrupt Banksters start to Fear Us. Imagine corrupt Governments start to Fear Us. ✔ CHECK. Imagine corrupt Corporations start to Fear Us. . ." Pastebin 319
26-Feb-12 ACC 3 Via employees die in Ontario derailment Burlington, ON: Via Rail train derailment killed 3 Via employees; 32 people were injured CBC News-The Canadian Press 320
27-Feb-12 ELITE POL Memorandum: From: George Friedman; Date: Sat, 20 Feb 2010 09:41:03 -0600; To: Secure List;  Subject: Insight--for internal use only--On pain of agony; Internal use only. [See also on Twitter, 26-Feb-2012: WikiLeaks: "Kissinger believes that the Israelis are in a panic and will attack Iran" http://wikileaks.org/gifiles/docs/5509401_re-insight-for-internal-use-only-on-pain-of-agony-.html #iran #israel #gifiles.] George Friedman, Founder and CEO of Stratfor, on the "crisis of the elites": "One sense I'm getting here is that the American elite, along  with Europe's, China's and just about everyone but Russia's [h]is suffering from three problems: First, none are really aware of the political pressures on other elites. Second, they completely misunderstand the alienation of the publics, three, except for Volcker, they think this can be handled by the elites among themselves. We have a crisis of the elites, in my view."
WikiLeaks-The Global Intelligence Files 321
27-Feb-12 BANK FIN HSBC Holdings Plc 2011 Results – Highlights HSBC 2011 results: net operating income before loan impairment charges and other credit risk provisions, $72.280 billion (up 6% YOY)); profit attributable to shareholders of the parent company, $16.797 billion (up 27.6% YOY) HSBC 322
27-Feb-12 BANK JOBS Julia Werdigier HSBC Profit Rises on Demand From Emerging Markets HSBC plans to cut cost by yearend 2013, in part by terminating 30,000 jobs NYT-DealBook 323
27-Feb-12 GOV FIN DEBT Heiner Kiesel / mll; Ben Knight (ed.) Big majority for unpopular Greek rescue Germany: the Bundestag agreed to 2nd Greek rescue package worth ~€130 billion ($97 billion) Deutsche-Welle 324
27-Feb-12 VIO GOV LAW Scores reported dead in Syria violence Syria: violence throughout Syria killed reportedly >125 people, including ≥64 in Homs; despite the violence, 89.4% of voters in a referendum voted for a new constitution allowing for a multiparty system (57.4% of eligible voters voted) Al Jazeera-Agencies 325
27-Feb-12 PRO VIO Brian Padden Suicide Attack Kills 9 Amid Protests in Afghanistan Afghanistan: suicide car bombing killed ≥9 people; a series of attacks were triggered by the accidental burning of Qurans by U.S. soldiers VOA News 326
27-Feb-12 VIO REL Anne Look Christian Youths Kill 2 Muslims In Nigeria Church Bombing Revenge Nigeria: Christians killed 2 Muslims in revenge for a bombing by Islamists of a church in which 3 people were killed and a Christmas day bombing of a Catholic church that killed ≥37 people VOA News 327
28-Feb-12 BUS RES COMP IBM Research Advances Device Performance for Quantum Computing Scientists at IBM Research announced major advances in quantum computing device performance; using 3D superconducting qubits (research initiated at Yale University), IBM scientists were able to "extend the amount of time that the qubits retain their quantum states up to 100 microseconds," thus enabling "effective error correction schemes" and suggesting "broader engineering aspects for scalability" IBM 328
28-Feb-12 VIO REL Gunmen Kill 18 Shi'ites in NW Pakistan Pakistan: gunmen ambushed a bus and killed 18 of it's Shia passangers VOA News-AP-AFP-Reuters 329
28-Feb-12 PRO GOV St Paul's protest: Occupy London camp evicted London, UK: police and bailiffs evicted anti-capitalist protesters and removed tents from the Occupy London camp at St Paul's Cathedral BBC News 330
28-Feb-12 VIO EDU Sabrina Tavernise; Jennifer Preston. Contributor: Jess Bidgood Third Student Dies After Shooting at High School in Ohio 27-Feb-12: shooting rampage at a high school in Ohio killed 3 students NYT 331
28-Feb-12 MKT RE Home Prices Continued to Decline in December 2011 According to the S&P/Case-Shiller Home Price Indices S&P/Case-Shiller Home Price Indices: respective 10- and 20-City Composites (non-seasonally adjusted) for Dec-2011: down 1.08% and 1.11% MOM; down 3.99% and 4% YOY; drop from peak values, 33.76% and 33.80%. The 10- and 20-City Composites peaked in Jun-2006 and Jul-2006, respecively. S&P/Case-Shiller 332
28-Feb-12 GOV BANK FIN FDIC-Insured Institutions Earned $26.3 Billion in the Fourth Quarter of 2011; Full-Year Net Income of $119.5 Billion Is Highest Since 2006
FDIC insured institutions 2011Q4 results: net income, $26.34 billion (up 23.1% YOY); loss provisions, $19.548 billion (down 40.1% YOY). Full-year 2011 results: net income, $119.5 billion (up 39.8% YOY); loss provisions, $76.93 (down 51.3% YOY) FDIC 333
28-Feb-12 MKT Christine Hauser Dow Closes Above 13,000; First Time Since 2008 The Dow Jones industrial average (DJIA) climbed above 13,000 for the first time since 19-May-2008 NYT 334
28-Feb-12 MKT GOLD Gold Futures CME Group: NYMEX: settlement for gold futures, Apr-2012 delivery: $1788.40/oz. (up 0.76%) CME Group 335
28-Feb-12 PRO MIL VIO Liz Sly 13 Syrians die attempting to rescue foreign journalists from Homs Syria: security forces ambushed opposition activists who were trying to smuggle foreign journalists out of Homs; 13 activists were killed; violence reportedly killed a total of 102 people across Syria Washington Post 336
28-Feb-12 PRO SEC WWW Hackers reportedly linked to ‘Anonymous’ group targeted in global operation supported by INTERPOL Argentina, Chile, Colombia, Spain: 25 suspected members of Anonymous were arrested in an operation supported by INTERPOL INTERPOL 337
28-Feb-12 M&A GOV BANK New York Fed Sells Remainder of Maiden Lane II LLC Securities; Approximately $2.8 Billion Net Gain Generated for U.S. Public from the Portfolio The Federal Reserve Bank of New York to sell the remaining securities in the Maiden Lane II LLC (ML II) portfolio; the transaction will fully repay the $19.5 billion loan extended by the New York Fed to ML II and will generate a profit for the benefit of the public of ~$2.8 billion Federal Reserve Bank of New York 338
29-Feb-12 PRO GOV DEBT Raf Casert Unions protest on eve of EU summit Belgium, Spain, Greece: unions protest against unfair austerity measures imposed by creditors AJC: AP 339
29-Feb-12 ECON Gross Domestic Product: Fourth Quarter And Annual 2011 (Second Estimate) U.S.: real GDP increased at an annual rate of 3.0% (QOQ) in 2011Q4; and 1.7% (YOY) in 2011 (compared with an increase of 3.0% YOY in 2010) Bureau of Economic Analysis 340
29-Feb-12 GOV NUC FOOD US says N. Korea Agrees to Missile, Uranium Enrichment Moratorium North Korea "agreed to a moratorium on long-range missile launches, nuclear testing and uranium enrichment activities" in exchange for "food aid" VOA News 341
29-Feb-12 M&A CVC Capital Partners agrees acquisition of Ahlsell Funds advised by CVC Capital Partners to acquire Ahlsell (technical products wholesaler) from Cinven and Goldman Sachs Capital Partners for €1.8 billion CVC Capital Partners 342
29-Feb-12 MKT GOLD Myra P. Saefong; Sarah Turner. Contributor: Barbara Kollmeyer Gold drops over $77, posts monthly loss; Prices settle at lowest since late January; silver dives nearly 7% CME Group: NYMEX: settlement for gold futures, Apr-2012 delivery: $1,711.30/oz. (down 4.3%) MarketWatch 343
29-Feb-12 VIO Lisa Schlein More Than 1,000 Chadian Migrants Flee Fighting in Nigeria Nigeria: according to the International Organization for Migration (IOM), >1,000 Chadian migrants have fled from violence VOA News 344
29-Feb-12 GOV BANK DEBT Chen Zhi (ed.) ECB allots a further half a trillion euros to 800 banks The European Central Bank (ECB) injected >€0.5 trillion into 800 banks as part of its 2nd 3-year longer term refinancing operation (LTRO); the total LTRO amount injected by the ECB into financial institutions is >€1 trillion ($1.3 trillion) Xinhua 345
29-Feb-12 VIO China Accuses Ethnic Separatists in Xinjiang Killings China accused separatists in the Uighur region of killing ≥20 people; Uighurs accused China of "systematic repression" VOA News-AP-AFP-Reuters 346
29-Feb-12 AOG WEATH Phil Gast; Mariano Castillo. Contributors: Logan Burruss; Kara Devlin; Joe Sutton; Josh Levs; Michael Martinez Massive storm system claims at least 12 TN, IL, MO, U.S.: massive storm killed ≥12 people CNN U.S. 347
29-Feb-12 FIN MON Thomas P. DiNapoli (New York State Comptroller) Wall Street Bonuses Declined in 2011; Industry Profits Down by Half from Prior Year New York State Comptroller Thomas P. DiNapoli: the bonus pool for securities industry employees who worked in New York City in 2011 is estimated at $19.7 billion (down 14% YOY); the average Wall Street bonus is estimated at $121,150 (down 13% YOY); the profits for the broker/dealer operations of New York Stock Exchange member firms fell to ~$13.5 billion in 2011 (down 51% YOY) Office of the New York State Comptroller 348
29-Feb-12 M&A BUS AUTO GM and PSA Peugeot Citroën Create Global Alliance General Motors and PSA Peugeot Citroën to create "a long-term and broad-scale global strategic alliance"; GM to acquire a 7% equity stake in PSA Peugeot Citroën GM 349
29-Feb-12 GOV MEDIA SCIE Frozen out: Canada's government should free its scientists to speak to the press, as its US counterpart has [Nature 483,6(01 March 2012)doi:10.1038/483006a] Nature Editorial: "Since Prime Minister Stephen Harper's Conservative Party won power in 2006, there has been a gradual tightening of media protocols for federal scientists and other government workers. Researchers who once would have felt comfortable responding freely and promptly to journalists are now required to direct inquiries to a media-relations office, which demands written questions in advance, and might not permit scientists to speak. . . Policy directives and e-mails obtained from the government through freedom of information reveal a confused and Byzantine approach to the press, prioritizing message control and showing little understanding of the importance of the free flow of scientific knowledge." Nature-Editorial 350
1-Mar-12 PRO BUS LAW Peter Fedynsky Occupy Movement Turns Anger Towards Individual Corporations The Occupy Wall Street movement is targeting corporations it alleges are corrupt; also targeted is the American Legislative Exchange Council (ALEC) – an organization corporations are using to allegedly "get state legislators to vote their way on bills" VOA News 351
1-Mar-12 ELITE MON Mary Alice Salinas. Contributors: Leo Keyen (Hausa Service chief); Ibrahim Abdulaziz; Medina Dauda; Muhammed Salisu Rabiu; Zainab Babaji; Nasiru Batsari More Nigerians Slip Into Poverty, Particularly in North Nigeria: The National Bureau of Statistics on poverty in Nigeria: 97.6 million people (61% of Nigerians) earned <$1/day in 2010 (up 10% from 2004) VOA News 352
1-Mar-12 MKT OIL Light Sweet Crude Oil (WTI) Futures CME Group: NYMEX: light sweet crude oil futures, Apr-2012 delivery: $108.84 (up 1.7%) CME Group 353
2-Mar-12 GOV ECON OIL African leaders launch 'super port' project Kenya, South Sudan, and Ethiopia launched a $25 billion project to build a port, oil refinery, and rail network near Lamu Al Jazeera-Agencies 354
2-Mar-12 VIO Nigeria's MEND claims fatal attack on police Nigeria: Movement for the Emancipation of the Niger Delta (MEND) claimed responsibility for killing 4 police officers on 1-Mar-12 Al Jazeera: Agencies 355
3-Mar-12 AOG WEATH Tornadoes Kill Over 30 in US U.S.: tornadoes killed >30 people in midwest states VOA News 356
3-Mar-12 ACC OIL LAW BP announces settlement with PSC, subject to final written agreement, to resolve economic loss and medical claims from Deepwater Horizon accident and oil spill  BP reached a ~$7.8 billion settlement with the Plaintiffs' Steering Committee (PSC). Prior to this settlement, BP paid out: >$8.1 billion to individuals, businesses and government entities; ~$14 billion on operational response. BP 357
3-Mar-12 ACC At Least 8 Dead in Poland Train Collision Poland: head-on train collision killed ≥8 people NYT: AP 358
4-Mar-12 GOV MIL FIN Keith B. Richburg. Contributor: Zhang Jie China military spending to top $100 billion this year China: military spending to increase to ~$106 billion in 2012 (up 11% YOY). Defense budget as percent of GDP: China, 1.28%; U.S., >2%; UK, >2%. Washington Post 359
4-Mar-12 ACC MIL Brazzaville munitions dump blasts 'kill scores' Democratic Republic of Congo: explosions at an arms dump in Brazzaville killed ≥150 people BBC News 360
4-Mar-12 GOV Parisa Hafezi; Hashem Kalantari. Contributors: Mitra Amiri; Hossein Jaseb; Ramin Mostafavi; Parisa Hafezi; Marcus George; Mark Heinrich (ed.) Khamenei allies trounce Ahmadinejad in Iran election Iran: Clerical Supreme Leader Ayatollah Ali Khamenei loyalists won >75% of seats in parliamentary elections Reuters 361
4-Mar-12 RES GOV DEBT Moody's downgrades Greece after debt swap 2-Mar-2012: Moody's Investors Service cut Greece's local and foreign-currency bond ratings from Ca to C – the lowest possible rating Ahram Online: Reuters 362
4-Mar-12 VIO MIL Southern Yemen Fighting Kills 35 Soldiers, 20 al-Qaida Militants Yemen: car bombings and fighting between government troops and al-Qaida members killed ≥35 soldiers and 20 militants VOA News-AP-AFP-Reuters 363
4-Mar-12 ELITE FIN Matthew G. Miller; Peter Newcomb; Matthew G. Miller (ed.) Slim Tops Gates in Debut of Daily Billionaire Ranking 2-Mar-12: Bloomberg Billionaires Index, "a daily ranking of the world’s 20 wealthiest individuals": 1. Carlos Slim, $68.5 billion (telecommunications, Mexico); 2. Bill Gates, $62.4 billion (Microsoft Corp.); 3. Warren Buffet, $43.8 billion (Berkshire Hathaway Inc.). The total net worth of the 20 richest people is $676.8 billion. Bloomberg 364
4-Mar-12 GOV FIN MON Lingling Wei China's CIC Gets Injection: Government Provides Sovereign-Wealth Fund With $30 Billion in New Capital China: the government injected ~$30 billion of new capital into China Investment Corp. WSJ 365
5-Mar-12 GOV Anton Ponomarev Putin wins in landslide victory, opposition surrenders Russia: Vladimir Putin won the presidential election in Russia; in Moscow, over 100,000 people demonstrated in support of Vladimir Putin. Election results (99% of votes processed): Vladimir Putin, 63.82%; Gennady Zyuganov (Communist Party of the Russian Federation), 17.18%;  Mikhail Prokhorov, 7.77%; Vladimir Zhirinovsky, 6.23%; Sergei Mironov, 3.84%. Pravda 366
5-Mar-12 VIO MIL 106 dead in Yemen fighting between al-Qaida and army; 55 troops taken prisoner Yemen: Al-Qaida militants attacked army bases, killing 78 soldiers; 28 militants were also killed Washington Post: AP 367
5-Mar-12 VIO SEC Iraqi forces targeted in deadly attacks Iraq: a series of attacks on checkpoints in Haditha killed ≥27 members of Iraq's security forces Al Jazeera-Agencies 368
5-Mar-12 FIN MON GOV Noah Buhayar; Bei Hu; Andreea Papuc (ed.); Linus Chua (ed.) AIG Sells $6 Billion AIA Shares for $182.3 Billion Rescue American International Group Inc. (AIG) to sell $6 billion of AIA Group Ltd. shares to pay back the U.S. government; AIG received a $182.3 billion bailout San Francisco Chronicle: Bloomberg News 369
5-Mar-12 PRO GOV Ellen Barry; Michael Schwirtz. Contributors: David M. Herszenhorn; Glenn Kates; Anastasia Sadovskaya; David Carr from Moscow; Steven Lee Myers After Election, Putin Faces Challenges to Legitimacy Moscow, Russia: ~15,000 people protest against the government NYT 370
5-Mar-12 BANK GOV DEBT Nicholas Dunbar; Elisa Martinuzzi; Edward Evans (ed.) Goldman Secret Greece Loan Shows Two Sinners as Client Unravels The following are comments by Dr. Edward E. Ayoub, founder of Macroknow: (1) The article by Nicholas Dunbar et al. deals with the machinations and consequences of "Greece’s secret loan from Goldman Sachs Group Inc." (2) The consequences include: "On the day the 2001 deal was struck, the government owed the bank about 600 million euros ($793 million) more than the 2.8 billion euros it borrowed, said Spyros Papanicolaou . . ." (3) the machinations give flesh to Tanachic wisdom, such as: "The rich rule the poor and the borrower is the slave of the lender" [Proverbs 22:7] and "The LORD shall open unto thee his good treasure . . . and thou shalt lend unto many nations, and thou shalt not borrow. And the LORD shall make thee the head, and not the tail . . . " [Deuteronomy 28:12-13]. For more quotations on debt, see Ayoub's article – "Nothing But a Tail" – posted December 8, 2001, at http://www.mindhat.com/editorials-eea/op-ed-20011208.htm.]
Bloomberg 371
5-Mar-12 GOV MIL NUC Dana Milbank AIPAC beats the drums of war Dana Milbank: "Now Israel is moving toward a preemptive strike on Iran’s nuclear program, and American leaders are coming before AIPAC this week to give their blessings." Washington Post-Opinions 372
5-Mar-12 M&A GOV OIL Khushita Vasant India Raises $2.57 billion Via ONGC Stake Auction India: the government sold a 4.91% stake in Oil & Natural Gas Corp. for 127.7 billion rupees ($2.57 billion) WSJ 373
6-Mar-12 BANK DEBT RES Sarah Mulholland; Zeke Faux; Alan Goldstein (ed.) S&P Blocked by Banks in CMBS Market After Derailed Goldman Deal: Mortgages Five big banks – Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co., Deutsche Bank AG, and Morgan Stanley – dumped S&P’s credit ratings as they issued $11.3 billion of commercial mortgage bond market debt Bloomberg 374
6-Mar-12 LAW PRO Kim Zetter. Contributors: David Kravets; Ryan Singel LulzSec Leader Was Snitch Who Helped Snag Fellow Hackers A member of LulzSec (online name "Sabu"), who was "secretly arrested," reportedly helped authorities arrest other hacker members of the group. WIRED 375
6-Mar-12 BANK LAW DEBT Michael J. De La Merced Lehman Estate Emerges From Bankruptcy Lehman exits from Chapter 11; Lehman filed for bankruptcy on 15-Sep-2008 NYT-DealBook 376
6-Mar-12 FIN FRAUD JUST Clifford Krauss Stanford Convicted by Jury in $7 Billion Ponzi Scheme U.S.: R. Allen Stanford was convicted on 13 out of 14 counts of fraud in connection with a Ponzi scheme involving >$7 billion; Stanford was accused of defrauding ~30,000 investors in 113 countries NYT 377
6-Mar-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) lost 203.66 points (-1.57%), closing at 12,759.15 Yahoo! Finance: DJ 378
6-Mar-12 LAW PRO Six Hackers in the United States and Abroad Charged for Crimes Affecting Over One Million Victims: Four Principal Members of “Anonymous” and “LulzSec” Charged with Computer Hacking and Fifth Member Pleads Guilty; “AntiSec” Member also Charged with Stealing Confidential Information from Approximately 860,000 Clients and Subscribers of Stratfor FBI: "Five computer hackers . . . were charged today, and a sixth pled guilty, for computer hacking and other crimes. The six hackers identified themselves as aligned with the group Anonymous . . . and/or offshoot groups related to Anonymous, including “Internet Feds,” “LulzSec,” and “AntiSec.”" FBI 379
6-Mar-12 PRO SEX Gabe Joselow Nairobi Sex Workers Hit Streets to Demand Rights Kenya: sex workers demand respect for their basic human rights VOA News 380
6-Mar-12 MIL VIO Paul Joseph Watson Leaked Email: Pentagon Admits Plan To Direct Terror Attacks Inside Syria Wikileaks' Stratfor data dump: leaked email: US is preparing to “commit guerrilla attacks, assassination campaigns” to topple Assad Information Liberation 381
6-Mar-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) lost 203.66 points (-1.57%), closing at 12,759.15 Yahoo! Finance: DJ 382
7-Mar-12 VIO HEAL Will Englund Teens choosing death in Russia Countries with the highest teenage suicide rates: 1. Belarus; 2. Kazakhstan; 3. Russia; Russia's teenage suicide rate is ~5 per day (>4 times that of the United States) NYT 383
7-Mar-12 VIO MIL Six UK soldiers killed in Afghanistan explosion Afghanistan: an explosion killed 6 UK soldiers; the UK military death toll since 2001 is 404 BBC News 384
7-Mar-12 PRO GOV SEC Jaikumar Vijayan Anonymous takes down security firm's website, vows to fight on after arrests Undaunted, and, apparently, in a challenge to the FBI, Anonymous took down Panda Security's PandaLabs website Computerworld 385
7-Mar-12 GOV VIO Belen Fernandez [@MariaBelen_Fdez] A world map without Lebanon: Press reports indicate that Israel is planning another war against Lebanon Lebanon: response of Lebanese President Michel Sleiman to existential threats from Israeli Prime Minister Binyamin Netanyahu [as outlined in Daily Star, 24-Feb-2012]: "The statement from the [Lebanese] presidential palace mentioned that during a news conference in Switzerland, Netanyahu said it is not a secret that Israel will attack Lebanon, adding that it will do so with the support of the United States, the West and Arab states from the Gulf. He was also reported to have said that 'in the new world map there is no state called Lebanon'" Al Jazeera 386
7-Mar-12 PRO GOV Thousands march as South Africans strike South Africa: thousands of people protested against exorbitant e-tolling and "labour broking," a kind of "modern day slavery"; 25% of South Africa's labour force is unemployed Al Jazeera-Agencies 387
7-Mar-12 PRO REL A Guest Vatican.va TANGO DOWN Anonymous took down Vatican websites: "Anonymous has now decided to lay siege to your site in response to the doctrines, liturgies and the precepts absurd and anachronistic that your organization is for profit (Roman Apostolic Church) propagates and spreads worldwide. . . This is NOT intended to attack the true Christian religion and the faithful around the world, but to the corrupt Roman Apostolic Church and all its emanations." Pastebin 388
7-Mar-12 GOV REL Fredrick Nzwili South Sudanese face deadline to leave the north Sudan: ~500,000-700,000 people, mainly Christians, are being forced to move to South Sudan ENI News 389
8-Mar-12 GOV BANK DEBT Revenues Have Exceeded Investments, but Concerns about Outstanding Investments Remain U.S. Government Accountability Office (GAO): Report to Congressional Committees: CAPITAL PURCHASE PROGRAM [CPP]: Under the Troubled Asset Relief Program (TARP), Treasury had the authority to use a bailout fund of up to ~$700 billion buy or guarantee “troubled assets," including mortgages, mortgage-backed securities, and other financial instruments. Treasury disbursed $204.9 billion to 707 financial institutions from Oct-2008 through Dec-2009. As of 31-Jan-2012, Treasury received $211.5 billion in repayments and income from its CPP investments. As of 30-Nov-2011, Treasury estimated a lifetime gain of $13.5 billion for CPP. The number of institutions that exited CPP is 341. Of these: 43% (146 institutions) exited by fully repaying their investments; 11 institutions made partial repayments but remained in the program; 48% (165 institutions) exited CPP by exchanging their investments under other federal programs -- 28 through the Community Development Capital Initiative (CDCI) and 137 through the Small Business Lending Fund (SBLF) program! GAO 390
8-Mar-12 REL POL Documents: Pius XII Favored a Jewish Homeland in Palestine Documents reportedly reveal that Archbishop Eugenio Pacelli (future Pope Pius XII) favored a Jewish homeland in Palestine Zenit 391
8-Mar-12 ELITE MON Forbes Staff The World's Billionaires Forbes: the wold's 1,226 billionaires are worth a record $4.6 trillion. Net worth of the top 5 billionaires: 1. Carlos Slim Helou and family, $69 billion; 2. Bill Gates, $61 billion; 3. Warren Buffett, $44 billion; 4. Bernard Arnault, $41 billion; 5. Amancio Ortega, $37.5 billion. Forbes 392
8-Mar-12 M&A BUS Molycorp to Acquire Leading Rare Earth Processor Neo Material Technologies in $1.3 Billion Deal Molycorp, Inc. to acquire Neo Material Technologies Inc. for ~CDN $1.3 billion Molycorp 393
8-Mar-12 M&A BANK RE BNP Paribas sells a 28.7% stake in Klépierre S.A. to Simon Property Group BNP Paribas to sell a 28.7% stake in Klépierre S.A. to Simon Property Group for ~€1.5 billion BNP Paribas 394
8-Mar-12 GOV BANK DEBT Monetary policy decisions The Governing Council of the ECB to keep the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 1.00%, 1.75% and 0.25% respectively ECB 395
8-Mar-12 GOV BANK DEBT News Release - Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £325 billion The Bank of England’s Monetary Policy Committee: to keep the official Bank Rate paid on commercial bank reserves at 0.5%; and to continue with its programme of asset purchases totalling £325 billion financed by the issuance of central bank reserves Bank of England 396
8-Mar-12 GOV LAW SEC Bill Summary & Status: 112th Congress (2011 - 2012): H.R.347 H.R.347 "Federal Restricted Buildings and Grounds Improvement Act of 2011" (Public Law No: 112-98) was signed into law by President Obama [critics of this law contend that the bill "would severely limit the First Amendment rights of protesters"; see http://dailyagenda.org/2012/03/05/congress-votes-for-the-end-of-protest/] The Library of Congress: THOMAS 397
8-Mar-12 PRO GOV LAW America's Authoritarian Turn: Speaking truth to power becomes a crime Adbusters Blog: "Ever since the rise of Occupy, corporatist authorities have been trying to figure how to squash our emerging social movement. . . Now they are trying the new tactic of “lawfare” – using draconian laws to squash free speech in a last ditch effort to put an end to people power." President Obama signed bill H.R. 347 into law on 9-Mar-2012. The bill "makes it a federal crime to disrupt “Government business or official functions” or to enter any building where a “person protected by the Secret Service is or will be temporarily visiting.” " Adbusters 398
9-Mar-12 GOV FIN DEBT Over 80% of Greek creditors accept debt swap Greece: 83.5% of Greece's private-sector bondholders agreed to a bond-swap deal; 83.5% corresponds to €172 billion out of a total of €206 billion MarketWatch 399
9-Mar-12 BANK FIN DEBT ISDA EMEA Determinations Committee: Restructuring Credit Event Has Occurred with Respect to The Hellenic Republic The EMEA Credit Derivatives Determinations Committee of The International Swaps and Derivatives Association, Inc. (ISDA) determined unanimously that "a Restructuring Credit Event has occurred with respect to The Hellenic Republic (Greece)" ISDA 400
9-Mar-12 VIO MIL Khaled Yacoub Oweis Syrian forces kill dozens ahead of peace mission Syria: Syrian forces subdued demonstrations against President Bashar al-Assad and killed ≥54 people Washington Post: Reuters 401
9-Mar-12 M&A BUS COMP Quest Software Enters Into Agreement with Insight Venture Partners to Become Private Company in Transaction Valued at $2.0 Billion Quest Software to be taken private by Insight Venture Partners in a transaction valued at $2.0 billion Quest Software 402
9-Mar-12 GOV BANK FIN Jaya Mohanty (Director) RBI Announces Reduction in the CRR Reserve Bank of India (RBI) to reduce the cash reserve ratio (CRR) of scheduled banks by 0.75% from 5.5% to 4.75% of their net demand and time liabilities (NDTL) effective 10-Mar-12 Reserve Bank of India 403
9-Mar-12 BANK LAW REL Tim Reid Banks foreclosing on churches in record numbers U.S.: banks are foreclosing on churches in record numbers; according CoStar, in 2011, 138 churches were sold by banks (up from 24 in 2008) Reuters 404
10-Mar-12 VIO MIL Death toll climbs after Israeli raids on Gaza Gaza: Israeli air strikes killed ≥15 Palestinians Al Jazeera-Agencies 405
10-Mar-12 PRO Russians Rally Against Putin, But in Smaller Numbers Moscow, Russia: ~20,000 protesters (down from >100,000 in the last democracy rally) demonstrated against President-elect Vladimir Putin VOA News 406
10-Mar-12 VIO MIL 10 Suspected Militants Killed in Yemen Raid Yemen: air strikes killed ≥10 suspected al-Qaida militants VOA News-AFP-Reuters 407
11-Mar-12 VIO MIL At least 39 militants dead in Pakistan gunfight: officials Pakistan: a gun battle killed ≥39 militants and 4 Pakistani troops The West Australian: AFP 408
11-Mar-12 VIO 15 Killed in Pakistan Funeral Blast Pakistan: a suicide bomber targeted a funeral attended by an anti-Taliban politician and killed ≥15 people VOA News-AP-AFP-Reuters 409
11-Mar-12 VIO MIL US Service Member Kills At Least 16 Afghan Civilians Afghanistan: a U.S. service member shot and killed at least 16 Afghan civilians  VOA News-AP-AFP-Reuters 410
11-Mar-12 PRO GOV DEBT Hundreds of thousands protest austerity measures in Spain Spain: hundreds of thousands of people protest against austerity measures in 60 cities across Spain  USA Today: AP 411
12-Mar-12 VIO REL Archbishop of Jos: Religious leaders must bring down tension in Nigeria 11-Mar-2012: Nigeria: a suicide car bomber attacked a Catholic church in Jos killing ≥10 people Vatican Radio 412
12-Mar-12 ELITE TECH MON Rob Cox The Ruthless Overlords Of Silicon Valley Rob Cox, on "the Overlords of Silicon Valley": "Though Silicon Valley’s newest billionaires may anoint themselves the saints of American capitalism, they’re beginning to resemble something else entirely: robber barons. Behind the hoodies and flip-flops lurk businesspeople as rapacious as the black-suited and top-hatted industrialists of the late-19th century." The Daily Beast 413
12-Mar-12 M&A BANK Unionbancal Corporation To Acquire Pacific Capital Bancorp UnionBanCal Corporation (UNBC) to acquire Pacific Capital Bancorp for $46 per share in cash (~$1.5 billion) UnionBanCal Corporation 414
12-Mar-12 REL Presentation Of Pontifical Yearbook 2012  The number of Catholics in the world increased from 1,181 million in 2009 to 1,196 million in 2010 (up 15 million or 1.3% YOY); over 2009-2010, the presence of baptised Catholics in the world has remained stable at ~17.5%
VIS News 415
12-Mar-12 VIO More Than 100 Dead in South Sudan Tribal Fighting South Sudan: death toll from tribal hostilities: ≥100 people VOA News 416
12-Mar-12 M&A BUS WWW David Barboza 2 Video Web Sites in China Plan a Merger China: Youku to acquire Tudou in a deal valued at $1.1 billion NYT-DealBook 417
12-Mar-12 M&A BUS HEAL Asahi Kasei Announces Agreement to Acquire ZOLL Medical
Japan/U.S.: Asahi Kasei Corporation to acquire ZOLL Medical Corporation for ~$2.21 billion Asahi Kasei Corporation 418
12-Mar-12 BANK MKT DEBT Susanne Walker; Dave Liedtka (ed.) Banks Buy Treasuries at Seven Times Pace in 2011 Banks purchased $78.2 billion of Treasuries and securities of agencies in Jan-Feb 2012 (up from $62.6 billion in all of 2011); total bank holdings of Treasuries reached $1.78 trillion Bloomberg 419
12-Mar-12 RES ECON EDU Michelle Kaske; Mark Tannenbaum (ed.) New York City Tops Global Competitiveness, Economist Report Says Top ranked cities for global competitiveness according to an Economist Intelligence Unit report commissioned by Citigroup Inc.: 1. New York; 2. London; 3. Singapore; 4. Paris and Hong Kong (tied). 120 cities were surveyed. According to the report, a joint Cornell University and Technion-Israel Institute of Technology campus is expected to generate $6 billion. Bloomberg 420
13-Mar-12 VIO Massacre' in Homs as Idlib endures assault Syria: death toll for "massacre" in Homs on 11-Mar-2012: ≥16 people (according to the Syrian Observatory for Human Rights); 45 people (according to the Local Co-ordination Committees) Al Jazeera-Agencies 421
13-Mar-12 VIO REL Imam dies in arson attack on Belgian mosque Belgium: arson attack on a Shia mosque killed its imam. Al Jazeera: Agencies 422
13-Mar-12 LAW DISPUTE SETTLEMENT: US, Japan and EU file disputes against China World Trade Organization (WTO): the U.S., Japan and the EU filed disputes against China regarding China's restrictions on export of rare earths, tungsten and molybdenum WTO 423
13-Mar-12 ACC 35 dead, nearly 200 missing in B'desh ferry capsize 12-Mar-2012: Bangladesh: a ferry capsized; at least 35 people were killed; >150 people are missing Hindustan Times: Press Trust of India 424
13-Mar-12 GOV BANK RES Federal Reserve announces summary results of latest round of bank stress tests The Federal Reserve announced results of the latest round of bank stress tests; the hypothetical stress scenario includes "a peak unemployment rate of 13 percent, a 50 percent drop in equity prices, and a 21 percent decline in housing prices"; 4 out of 19 banks failed the stress test; the 4 banks include Ally Financial Inc., Citigroup Inc., MetLife Inc. and SunTrust Banks Inc. [see also Ronald D. Orol, Citi among banks that fail Fed stress test, MarketWatch, http://www.marketwatch.com/story/citi-among-banks-that-fail-fed-stress-test-2012-03-13] Federal Reserve Board 425
13-Mar-12 GOV BANK DEBT Federal Reserve issues FOMC statement FOMC decided to keep the target range for the federal funds rate at 0% to 0.25% Federal Reserve Board 426
13-Mar-12 M&A BUS SEC Dell Announces Intent to Acquire SonicWALL, Inc. Dell to acquire SonicWALL, Inc. (network security and data protection) [the deal is valued at ~$1.25 biilion; see Michael J. De La Merced, Dell to Buy Security Services Provider for $1.25 Billion, NYT-DealBook, http://dealbook.nytimes.com/2012/03/13/dell-to-buy-sonicwall-a-security-services-provider-for-1-25-billion/] Dell 427
13-Mar-12 BANK FIN JPMorgan Chase to Increase Quarterly Common Stock Dividend to $0.30 Per Share; Board Authorizes $15 Billion Equity Repurchase Program JPMorgan Chase to increase quarterly dividend to $0.30/share; the bank's board authorized a $15 billion equity repurchase program JPMorgan Chase & Co. 428
13-Mar-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) gained 217.97 points (1.68%), closing at 13,177.68 Yahoo! Finance: DJ 429
13-Mar-12 MKT NASDAQ Composite NASDAQ gained 56.22 points (1.88%), closing at 3,039.88 Yahoo! Finance: NASDAQ 430
13-Mar-12 GOV LAW SEC Michael S. Schmidt New Interest in Hacking as Threat to Security U.S.: according to DHS, during the 5-month period ending Feb-2012, the number of reported attacks on computer systems increased to 86 (up from 11 YOY), and the number of hacking incidents increased to 50,000 (up from 40,000 YOY); the federal government is seeking increased authority to regulate infrastructure security NYT 431
13-Mar-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) gained 217.97 points (1.68%), closing at 13,177.68 Yahoo! Finance: DJ 432
14-Mar-12 GOV BANK DEBT Federal Reserve Board launches its Twitter channel Federal Reserve Board launched its official Twitter channel: @federalreserve Federal Reserve Board 433
14-Mar-12 GOV ENER J. Matthew Roney World Wind Power Climbs to New Record in 2011 Earth Policy Institute: the world total electricity-generating capacity inctreased to 238,000 megawatts in 2011 (up a record 41,000 megawatts YOY); China's total installed wind capacity increased to 63,000 megawatts in 2011 (up 18,000 megawatts YOY): China's wind capacity surpassed that of the United States in 2010 Earth Policy Institute 434
14-Mar-12 BANK JOBS Lloyds, RBS Announce 1,900 Job Cuts UK: Lloyds to cut 1,600 positions (part of a plan to cut 15,000 jobs); RBS to cut ~300 jobs NYT: Reuters 435
14-Mar-12 BANK ELITE PRO Greg Smith Why I Am Leaving Goldman Sachs Greg Smith resigned as a Goldman Sachs executive director and head of the firm’s U.S. equity derivatives business in Europe, the Middle East and Africa: "TODAY is my last day at Goldman Sachs. . .  I can honestly say that the environment now is as toxic and destructive as I have ever seen it. . . When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C. Blankfein, and the president, Gary D. Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fiber represents the single most serious threat to its long-run survival. . . Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence. . . It astounds me how little senior management gets a basic truth: If clients don’t trust you they will eventually stop doing business with you. It doesn’t matter how smart you are." NYT-Op Ed 436
14-Mar-12 BANK Lloyd Blankfein (CEO); Gary Cohn (President) Goldman Sachs responds to former exec Goldman Sachs: CEO Lloyd Blankfein and President Gary Cohn responded to Greg Smith's public resignation CNN Money 437
14-Mar-12 GOV FIN DEBT Stephen Castle With Details Settled, a 2nd Greek Bailout Is Formally Approved A 2nd bailout for Greece was formally approved; the bailout package is valued at €130 billion ($170 billion) NYT 438
14-Mar-12 LAW MON RES Ellen M. Ryan; Laura E. Simmons Securities Class Action Settlements: 2011 Review and Analysis The number of court-approved securities class action settlements in 2011 decreased to 65 (a 10-year low; down 25% YOY); and settlement funds in 2011 tumbled to $1.362 (down 58% YOY) [see also http://dealbook.nytimes.com/2012/03/14/court-approved-class-action-settlements-at-decade-low/] Cornerstone Research 439
14-Mar-12 BANK LAW FRAUD Matt Taibbi Bank of America: Too Crooked to Fail –The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out? Incredible article by Matt Taibbi on Bank of America: "The bank has defrauded everyone from investors and insurers to homeowners and the unemployed. So why does the government keep bailing it out? . . . Bank of America is now bigger and more dangerous than ever. . . Last year, the Federal Reserve allowed Bank of America to move a huge portfolio of dangerous bets into a side of the company that happens to be FDIC-insured, putting all of us on the hook for as much as $55 trillion in irresponsible gambles. . . The bank . . .  made a habit out of breaking the law and engaging in ethical lapses on a grand scale, all over the globe. . . Bank of America didn't pay a dime in federal taxes last year. . . They paid out $35 billion in bonuses and compensation that year. You do the math." Rolling Stone 440
14-Mar-12 GOV BANK DEBT Federal Reserve offers $3 billion in 28-day term deposits though its Term Deposit Facility Federal Reserve to offer $3 billion in 28-day term deposits through its Term Deposit Facility Federal Reserve Board 441
15-Mar-12 M&A BUS TECH Cisco Announces Intent to Acquire NDS San Jose, CA/London, UK: Cisco Systems Inc. to acquire NDS Group PLC (video software and content security solutions) for ~$5 billion Cisco 442
15-Mar-12 VIO MIL Death Toll Mounts as Syria Marks Uprising Anniversary Syria: Syrian forces continue to crack down on dissent; ≥23 were reportedly killed VOA News-AP-AFP 443
15-Mar-12 PRO EDU SEC Over 100 arrested at unruly Montreal anti-police protest Montreal: ~1,000 people demonstrated against police brutality and tuition hikes; violence and confrontation with police was reported; >100 people were arrested The Globe & Mail: The Canadian Press 444
15-Mar-12 GOV BANK DEBT IMF Executive Board Approves €28 Billion Arrangement Under Extended Fund Facility for Greece The Executive Board of the International Monetary Fund (IMF) approved a 4-year SDR 23.8 billion (~€28 billion, or US$36.7 billion) arrangement under the Extended Fund Facility (EFF) for Greece IMF 445
15-Mar-12 MKT Kate Gibson U.S. stock rise pushes S&P 500 past 1,400 – Dow industrials extend longest winning run in more than a year S&P 500 index soared past 1,400 for the first time since Jun-2008 MarketWatch 446
15-Mar-12 GOV BANK DEBT Vikas Bajaj. Contributors: Heather Timmons; Neha Thirani Bad Loans at State-Run Banks Add to India’s Woes India: Reserve Bank of India survey indicates that bad loans pose “the most significant risk to the financial system”; as percent of GDP, the government of India debt is ~69% NYT 447
15-Mar-12 ACC Swiss tunnel crash: What happened 14-Mar-12: Switzerland:  coach crashed in a tunnel killing 22 school children and 6 adults  BBC News 448
16-Mar-12 NATO ACC Hamid Shalizi; Jack Kimball. Contributors: Reuters TV; Jon Hemming; Ece Toksabay; Rob Taylor (ed.); Robert Birsel (ed.)
NATO helicopter crash kills 16 people in Afghanistan Afghanistan: A NATO helicopter crashed killing 12 Turkish soldiers and 4 Afghan civilians Reuters 449
16-Mar-12 M&A BUS MEDIA Bell to acquire Québec’s leading media company Astral Bell Canada to acquire Quebec's Astral Media for ~$3.38 billion Bell Canada 450
16-Mar-12 VIO GOV David Ignatius The bin Laden plot to kill President Obama Documents reportedly found in Osama bin Laden’s compound by U.S. forces on 2-May-2011 reveal that bin Laden was hatching a plot to kill President Obama and Gen. David H. Petraeus Washington Post 451
16-Mar-12 GOV SCIE TECH Choe Sang-hun; Steven Lee Myers. Contributor: William J. Broad North Korea Says It Will Launch Satellite Into Orbit North Korea annouced it will launch a satellite into orbit NYT 452
16-Mar-12 GOV BANK MON Nicholas Dunbar; Elisa Martinuzzi; Edward Evans (ed.) Italy Said to Pay Morgan Stanley $3.4 Billion Italy to pay Morgan Stanley $3.4 billion to cancel speculative derivative contracts from the 1990s  Bloomberg 453
17-Mar-12 REL Egypt's Coptic Christian Pope Shenouda III dies Egypt: Coptic Christian Pope Shenouda III died at the age of 88 BBC News 454
17-Mar-12 VIO GOV Deadly car bombs hit Syrian capital Syria: 2 car bombs targeting intelligence and security buildings in Damascus killed ≥27 people  CBC News-AP 455
18-Mar-12 MIL COMP WWW Ellen Nakashima U.S. accelerating cyberweapon research The Pentagon spends ~$3.4 billion per year on cybersecurity and cybertechnology; the budget of the U.S. Cyber Command in 2012 is $154 million Washington Post 456
19-Mar-12 RES MIL MKT Rise in international arms transfers is driven by Asian demand, says SIPRI [Trends in International Arms Transfers, 2011: Paul Holtom, Mark Bromley, Pieter D. Wezeman and Siemon T. Wezeman]
Stockholm International Peace Research Institute (SIPRI): the volume of worldwide arms transfers in 2007-2011 was 24% higher than in 2002-2006. The 5 biggest suppliers in 2007-11 were: 1. the United States (30% of international arms exports; up 24% between 2002-2006 and 2007-2011); 2. Russia (24%; up 12%); 3. Germany (9%; up 37%); 4. France (8%; up 12%); 5. the United Kingdom (4%; up 2%). The 5 largest recipients of arms in 2007-2011 were: 1. India (10% of global arms imports); 2. South Korea (6%); 3. Pakistan (5%); 4. China (5%); 5. Singapore (4%). China has become the 6th largest supplier of arms in the world; Chinese arms exports increased by 95% from 2002-2006 to 2007-11. Stockholm International Peace Research Institute 457
19-Mar-12 M&A BUS OIL Williams Partners Announces $2.5 Billion Acquisition to Establish Major Footprint in Liquids-Rich Area of Marcellus Shale; Plans Joint Venture to Pursue Utica Shale Opportunities Williams Partners L.P. to acquire Caiman Energy's wholly owned subsidiary, Caiman Eastern Midstream LLC, for ~$2.5 billion Williams Partners 458
19-Mar-12 M&A BUS TEL Zayo Group LLC to acquire AboveNe,t Inc. for ~$2.2 billion in cash Zayo Group 459
19-Mar-12 REL BANK Philip Pullella; Lisa Jucca Vatican bank image hurt as JP Morgan closes account JP Morgan Chase to close the Vatican bank's account; reason: lack of transparency at the Holy See's Institute for Works of Religion (IOR) [sources: Il Sole 24 Ore; Corriere della Sera; La Stampa] Reuters 460
19-Mar-12 BANK FIN JOBS Lauren Tara LaCapra; Alwyn Scott (ed.); Steve Orlofsky (ed.) Goldman Sachs cuts staff in annual review process Goldman Sachs Group Inc. to cut staff ($1.4 billion in annual cost savings were targeted in 2011). Goldman 2011 productivity statistics: revenue per employee, $865,195 (down 25% from 2005); profit per employee, $75,375 (down 71% from 2005). Reuters 461
19-Mar-12 RES GOV Investigation Ranks 50 State Governments for Corruptibility [See Caitlin Ginley, "50 states and no winners," http://www.stateintegrity.org/state_integrity_invesitgation_overview_story] State Integrity Investigation: "State governments are largely doing a poor job delivering transparency and accountability to their citizenry. Meanwhile, statehouses remain ripe for corruption and self-dealing." Center for Public Integrity 462
19-Mar-12 BUS FIN Apple Announces Plans to Initiate Dividend and Share Repurchase Program Apple announced plans (1) to pay a quarterly dividend starting 1-Jul-2012, and (2) to initiate a $10 billion share repurchase program starting 30-Sep-2012. The plans are expected to cost ~$45 billion over 3 years. Apple 463
19-Mar-12 M&A BUS United Parcel Service and TNT Express to Create a Global Leader in the Logistics Industry United Parcel Service, Inc. (UPS) to acquire TNT Express N.V. in a transaction valued at ~€5.16 billion ($6.77 billion) United Parcel Service 464
19-Mar-12 VIO GOV 5 Killed in Attack Near Somali Presidential Palace Somalia: al-Shabab attacked the presidential palace in Mogadishu and killed ≥5 people VOA News-Reuters 465
19-Mar-12 VIO Intense Fighting Rocks Syrian Capital Syria: rebels attacked an upscale area of Damascus; 2 rebels and a security force member were killed [source: SANA] VOA News 466
20-Mar-12 BANK JOBS Dawn Kopecki; David Scheer (ed.) JPMorgan’s Gulya Said to Leave as Equities Staff Shrinks JPMorgan Chase & Co. cut ~5% of its equities trading desk jobs; the bank's treasury and securities services division cut <1% of its staff (~100 jobs) in Jan-2012 Bloomberg 467
20-Mar-12 VIO Alice Fordham; Aziz Alwan Dozens killed in attacks across Iraq ahead of Arab League summit Iraq: a series of bombing and shooting attacks killed ≥49 people in 8 cities Washington Post 468
20-Mar-12 VIO REL DS Series of attacks in Iraq, dozens of dead. Church of St Mathew in Baghdad targeted Iraq: the Syrian Orthodox Church of St. Matthew in Baghdad was targeted in bombings by Iraqi extremists on 20-Mar-2012 -- the 9th anniversary of the U.S. invasion of Iraq AsiaNews.it 469
20-Mar-12 BUS FIN TECH Oracle Reports Q3 GAAP EPS Up 20% To 49 Cents; Q3 Non-GAAP EPS Up 15% To 62 Cents: Trailing Twelve Month Operating Cash Flow Up 35% To $13.5 Billion Oracle fiscal 2012Q3 results: total revenues, $9.0 billion (up 3% YOY); net income, $2.5 billion (up 18% YOY); operating cash flow on a trailing 12-month basis, $13.5 billion (up 35% YOY) Oracle 470
20-Mar-12 M&A BUS FOOD Glencore to Acquire Viterra Glencore International to acquire Viterra Inc. for C$2.6 billion in cash; Glencore agreed to sell certain assets of Viterra to Agrium and Richardson International Glencore 471
20-Mar-12 AOG QUAK Magnitude 7.4 - OAXACA, MEXICO Mexico: magnitude 7.4 quake hits Oaxaca [source: USGS] U.S. Geological Survey 472
20-Mar-12 GOV BANK FIN Federal Reserve System publishes annual financial statements Federal Reserve Banks 2011 combined annual financial statements: net income, $77.4 billion (down $4.4 billion or 5.3% YOY); total assets as of 31-Dec-2011, $2.919 trillion (up $491 billion or 20.2% YOY) Federal Reserve Board 473
21-Mar-12 GOV BANK LAW Edward Taylor; Gary Hill (ed.) Deutsche Bank Changes Legal Status of U.S. Unit Deutsche Bank changed the legal status of Taunus Corp, its U.S. subsidiary, to avoid the requirements of the Dodd-Frank Act [see Deutsche Bank: Annual Report 2011 on Form 20-F, as filled with the SEC, 20-Mar-2012, http://www.db.com/ir/en/download/SEC_Form_20-F_2011.pdf] NYT: Reuters 474
21-Mar-12 RES REL Dr. Gudrun Kugler (director of the Observatory) Report 2011 Dr. Gudrun Kugler, director of the Observatory on Intolerance and Discrimination against Christians: "Studies suggest that 85% of all hate crimes with an anti-religion background in Europe are directed against Christians . . ." Observatory on Intolerance and Discrimination against Christians 475
21-Mar-12 GOV FIN LAW William L. Watts Osborne cuts U.K. corporate tax, top personal rate U.K. to cut (1) the corporate tax rate from 26% to 24% in Apr-2012; and (2) the top marginal personal tax rate from 50% to 45% in Apr-2013 MarketWatch 476
22-Mar-12 VIO Suspect's killing ends French siege 11-22-Mar-2012: Toulouse, France: Gunman who allegedly killed 7 [3 French soldiers, 3 Jewish children and a rabbi] is shot dead Al Jazeera-Agencies 477
22-Mar-12 BANK DEBT Bank of America Outlines Limited Pilot Test of Mortgage to Lease Program Bank of America announced a pilot program to offer a limited number of mortgage customers (<1,000) facing foreclosure an opportunity to remain in their homes as tenants Bank of America 478
22-Mar-12 GOV MIL UN Security Council Condemns Mali Coup Mali: coup toppled President Amadou Toumani Toure's government VOA News 479
22-Mar-12 GOV POL ECON US Warns of Global Water Insecurity World Water Day 2012; the areas most  likely affected by water challenges over the next 30 years are North Africa, the Middle East and South Asia [source: Intelligence Community Assessment, Global Water Security, 2-Feb-2012, http://www.dni.gov/nic/ICA_Global%20Water%20Security.pdf] VOA News 480
23-Mar-12 REL Apostolic Journey to Mexico and to the Republic of Cuba (March 23-29, 2012) 23-29-Mar-2012: Apostolic Journey to Mexico and to the Republic of Cuba Vatican 481
23-Mar-12 M&A BUS OIL Ian Austen Pengrowth Energy to Buy NAL Energy Pengrowth Energy to acquire NAL Energy in an all-stock transaction valued at CAD $1.3 billion NYT-DealBook 482
23-Mar-12 PRO REL FREE Barbara Bradley Hagerty Thousands Rally For Religious Freedom Nationwide "Stand Up For Religious Freedom" rallies: thousands of people rallied across the U.S. against a perceived threat to religious liberties NPR 483
24-Mar-12 PRO JUST Ovetta Wiggins Demonstrators at Freedom Plaza rally in memory of Trayvon Martin U.S.: people seeking justice demonstrate in memory of Trayvon Martin, a 17-year-old Floridian killed by a neighborhood watch volunteer on 26-Feb-2012; millions of people support Martin via social media NYT 484
24-Mar-12 MEDIA FIN LAW A Long Road to Regulating Derivatives New York Times Editorial: " . . . the multitrillion-dollar derivatives market is still dominated by a handful of big banks, and regulation is a slow work in progress. That means Americans, and the economy, remain at risk." NYT-Editorial 485
24-Mar-12 BUS WWW Quentin Hardy Just the Facts. Yes, All of Them. Factual, a Big Data company founded by Gilad Elbaz, aspires to collect/aggregate all the world's data for profit. NYT 486
24-Mar-12 PRO GOV MIL Shahar Chai Tel Aviv: 1,000 march against Iran strike Tel Aviv: ~1,000 Israeli protesters rallied against bombing Iran's nuclear facilities Ynet News 487
25-Mar-12 GOV LAW REL Islamists Win Majority on Egypt's Constitution-Drafting Panel Egypt: Islamists won a majority of seats on a 100-member constituent assembly; the assembly is tasked with drafting a new constitution VOA News-AP-AFP 488
25-Mar-12 GOV UN Robert Berger Israel to Block UN Mission on Settlements Israel to block a fact-finding mission of the United Nations Human Rights Council investigating the impact of Jewish settlements on the civil rights of Palestinians VOA News 489
25-Mar-12 ELITE RPIG ECON Steven Rattner The Rich Get Even Richer Steven Rattner, on income inequality: "The bottom 99 percent received a microscopic $80 increase in pay per person in 2010, after adjusting for inflation. The top 1 percent, whose average income is $1,019,089, had an 11.6 percent increase in income." NYT-Op Ed 490
25-Mar-12 ENER OIL ACC Gas leak incident at Elgin platform in the North Sea Natural gas is leaking at Total's Elgin offshore drilling platform n the North sea Total 491
26-Mar-12 VIO MIL At Least 5 Killed After Syrian Security Forces Shell Homs Syria: security forces reportedly bombarded Homs, killing ≥5 people VOA News-AP-AFP-Reuters 492
26-Mar-12 BANK LAW SEX Strauss-Kahn Receives Prostitution-Related Charges Charges were filed against ex-IMF chief Dominique Strauss-Kahn alleging he was involved in a French prostitution ring; apparently DSK attended orgies but did not know the orgies involved prostitutes NYT: AP 493
26-Mar-12 M&A BANK CaixaBank today approves an agreement of intent to merge with Banca Cívica, to create Spain’s leading financial group CaixaBank to acquire Banca Cívica in a share swap deal; the bank is valued at €977 million La Caixa 494
26-Mar-12 Bank DEBT BUS Robin Emmott; John O'Donnell. Contributors: Sakari Suoninen; Claire Davenport; Mike Peacock (ed.) Nervous Banks Hold Back Europe's Revival Strategy European banks are not lending, especially in Greece, Ireland, and Portugal; according to Mark Fielding, head of the Irish Small and Medium Enterprises Association, "Most small businesses feel almost hatred towards their banks" NYT: Reuters 495
26-Mar-12 VIO NATO Ernesto Londoño. Contributors: Karla Adam; Anthony Faiola; Craig Whitlock Afghan forces fatally shoot 3 NATO troops in Afghanistan Afghanistan: Afghan soldiers killed 3 NATO troops Washington Post 496
26-Mar-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) gained 160.90 points (1.23%), closing at 13,241.63 Yahoo! Finance: DJ 497
27-Mar-12 ECON The Conference Board Consumer Confidence Index® Decreases The Conference Board Consumer Confidence Index for Mar-2012 fell to 70.2 (1985=100) (down 1.4 from 71.6 in Feb-2012) Conference Board 498
27-Mar-12 HEAL Brigid Fitzgerald Reading Growth in World Contraceptive Use Stalling; 215 Million Women’s Needs Still Unmet Earth Policy Institute: ≥215 million women want to prevent or delay pregnancy but use no effective contraception; ~40% of all pregnancies are unintended; modern contraception methods include oral contraception (“the pill”), condoms, injections, intrauterine devices (IUDs), and sterilization [for more information, see World on the Edge: How to Prevent Environmental and Economic Collapse by Lester R. Brown at http://www.earth-policy.org/books/wote] Earth Policy Institute 499
28-Mar-12 M&A BUS Pentair and Tyco International's Flow Control Business to Combine in $10 Billion All-Stock Merger Pentair, Inc. and Tyco International Ltd. to combine Tyco's Flow Control business with Pentair in a tax-free, all-stock merger; the transaction values Tyco Flow at ~$4.9 billion Tyco-PRNewswire 500
28-Mar-12 M&A ENER ECO Samsung C&T Enters Europe’S Carbon Capture Race: Samsung C&T Investment Boosts 2Co Energy’S Flagship Ccs Project In The Uk Samsung Construction & Trading to acquire a 15% stake in 2Co Energy’s Don Valley Power Project – "one of Europe’s most advanced and economically viable Carbon Capture and Storage (CCS) projects"; the total investment in the power project is expected to be ~£3 billion ($4.75 billion) NYT: Reuters 501
28-Mar-12 RES GOV ELITE Dan Hind [author of "The Threat to Reason and The Return of the Public" and "Occupy movement and deliberative politics, Common Sense: Occupation, Assembly and the Future of Liberty"] The third British Empire – London is considered the "capital of capitalism" allowing foreign billionaires to stash tax free income offshore. Dan Hind, on the 3 British Empires, the first 2 being "deeply criminal projects . . . they relied heavily on profits from slavery and the sale of narcotics": Empire 1. "an Atlantic empire built on North American colonies and Caribbean possessions"; Empire 2. "an Asian empire, built on control of India and coercive trade with China"; Empire 3. "organised around the country's offshore financial infrastructure and its substantial diplomatic, intelligence and communications resources" Al Jazeera 502
29-Mar-12 PRO LAW JOBS Lauren Frayer. Contributor: Henry Chu In Spain, millions join strike to protest labor reforms Spain: millions of Spaniards protested against new labor laws favoring companies [dismantling of collective bargaining; low wages; job cuts] and other austerity measures imposed by lenders; violence against financial institutions was reported; ~25% of the Spanish workforce and almost 50% of people under 25 are unemployed Los Angeles Times 503
29-Mar-12 GOV MIl RES Ron Ben-Yishai Analysis: US thwarting Israeli strike on Iran Analysis by Ron Ben-Yishai alleging that the U.S. is leaking classified information to the media in order to hinder an Israeli strike in Iran; the leak operation is described as a "practical, targeted assassination of potential Israeli operations in Iran" Ynet News 504
29-Mar-12 ECON Gross Domestic Product: Fourth Quarter And Annual 2011 (Third Estimate) Corporate Profits: Fourth Quarter And Annual 2011 U.S.: real GDP increased at an annual rate of 3.0% (QOQ) in 2011Q4; and 1.7% (YOY) in 2011 (compared with an increase of 3.0% YOY in 2010) Bureau of Economic Analysis 505
29-Mar-12 BUS JOBS Best Buy Reports Fiscal Fourth Quarter and Full Year 2012 Results Best Buy: (1) to close 50 U.S. big box stores in FY2013; (2) to open 50 new Five Star stores in China also in FY2013; (3) to cut $800 million in planned cost by FY2015; and (4) to cut ~400 positions in corporate and support areas Best Buy 506
29-Mar-12 ELITE FIN MON Julie Creswell; Azam Ahmed Large Hedge Funds Fared Well in 2011 U'S.: top hedge fund managers earned $14.4 billion in 2011. Top 3 hedge managers: 1. Raymond Dalio, Bridgewater Associates, $3.9 billion; 2. Carl Icahn, Icahn Capital Management, $2.5 billion; 3. James Simons, Renaissance Technologies Corp, $2.1 billion [source: Stephen Taub, "The Rich List," AR Magazine, 29-Mar-2012, http://www.absolutereturn-alpha.com/Article/3001821/The-Rich-List.html] NYT-DealBook 507
29-Mar-12 GOV BANK FIN Kurt Achin BRICS Nations Inch Toward Development Bank New Delhi, India: Brazil, Russia, India, China, and South Africa (BRICS) proposed the formation of a "BRICS bank” that would protect developing economies from financial crises emanating from richer countries VOA News 508
30-Mar-12 PRO LAW MIL Israeli forces face Palestinian 'Land Day' protests Jerusalem: "Land Day" protest: ~15,000 Palestinians protested against Israeli discriminatory land policies  USA Today: AP 509
30-Mar-12 SEC WWW PRO Somini Sengupta Warned of an Attack on the Internet, and Getting Ready The Domain Name System has been preparing to protect the Internet's infrastructue, including root servers, against a possible Operation Global Blackout by Anonymous; there are 13 root servers worldwide NYT 510
30-Mar-12 SEC FRAUD FIN Meghan Kelly Over 50K Visa and Mastercard credit cards compromised, banks alerted Cyber-criminals reportedly stole Visa and Mastercard credit-card data: 56,455 cards are potentially compromised Venture Beat 511
30-Mar-12 REL FIN ECON Jews And Catholics: The Economic Crisis Is A Crisis Of Moral Values  27-29-Mar-2012: 11th meeting of the Bilateral Commission of the Delegations of the Chief Rabbinate of Israel and the Holy See’s Commission for Religious Relations with Jews: "while many factors contributed to the financial crisis, at its roots lies a crisis of moral values in which the importance of having, reflected in a culture of greed, eclipsed the importance of being; and where the value of truth reflected in honesty and transparency was sorely lacking in economic activity" VIS News 512
30-Mar-12 SEC Bruce Crumley French Anti-Terror Raids: A Sarkozy Election Gambit? 30-Mar-2012: France: The French National Police Intervention Group (GIPN) arrested 19 suspected "Islamist extremists" in multi-city anti-terrorism raids Time-Global Spin 513
30-Mar-12 GOV FIN DEBT James Kanter 30-31-Mar-2012: Copenhagen: European finance ministers agreed to establish an almost €800-billion bailout fund for the euro zone NYT 514
30-Mar-12 GOV FIN DEBT Barbara Kollmeyer Spain announces €27 billion deficit-cutting plan Spain: the Spanish government announced a €27 billion ($36 billion) deficit-reduction plan MarketWatch 515
30-Mar-12 HEAL RES Jon Baio Prevalence of Autism Spectrum Disorders — Autism and Developmental Disabilities Monitoring Network, 14 Sites, United States, 2008 CDC survey: Prevalence of Autism Spectrum Disorders (ASDs) among the 14 Autism and Developmental Disabilities Monitoring (ADDMs) sites in 2008: 11.3 per 1,000 (1 in 88) children aged 8 years (up 78% when compared with statistics for 2002) Centers for Disease Control and Prevention 516
31-Mar-12 VIO MIL Clashes in Yemen Leave 30 Dead Yemen: ≥30 people were killed in clashes between military forces and suspected al-Qaeda-linked militants VOA News-AP-AFP-Reuters 517
31-Mar-12 GOV ECON MKT Pliny Han (ed.) Rare earth association "to launch next month" China: China's rare earth industry association is due to be established 8-Apr-2012; the association will be supervised by the Ministry of Industry and Information Technology; China accounts for ~97% of the world's output of rare earth minerals [source: China Daily] Gov.cn 518
1-Apr-12 VIO Tribal clashes in southern Libya kill scores Libya: ≥147 people were killed in 1 week in clashes between Tobou fighters and Arab tribespeople Al Jazeera: Agencies 519
1-Apr-12 GOV NLD Claims Aung San Suu Kyi Election Win Burma: National League for Democracy: Nobel prize winner, Aung San Suu Kyi, won a seat in Burma's lower house of parliament VOA News-AP-AFP 520
1-Apr-12 VIO 3 Killed in Afghan Blast Afghanistan: a roadside bomb killed 2 local council members and a police officer VOA News 521
1-Apr-12 JOBS ECON Liz Alderman, Contributor: Maïa de le Baume Ranks of Working Poor Grow in Europe Poverty is spreading in Europe: "hundreds of thousands of people are living in campgrounds, vehicles and cheap hotel rooms. Millions more are sharing space with relatives, unable to afford the basic costs of living." In 2010: ~8.2% of workers in the EU lived at below the poverty level of ~$13,500; according to Eurostat, temporary jobs accounted for 50% of all job openings NYT 522
1-Apr-12 GOV BANK FRAUD As Foreclosure Problems Persist, Fed Seeks More Fines Federal regulators to crack down on 8 financial firms over home foreclosure practices; the 8 firms include: HSBC’s U.S. bank division, SunTrust Bank, MetLife, U.S. Bancorp, PNC Financial Services, EverBank, OneWest, and Goldman Sachs NYT 523
2-Apr-12 M&A BANK DBS To Acquire Pt Bank Danamon Indonesia Tbk To Become Fifth-Largest In Indonesia DBS Group Holdings Ltd. to acquire Asia Financial (Indonesia) Pte. Ltd. (a subsidiary of Fullerton Financial Holdings Pte. Ltd.), which holds a 67.37% stake in PT Bank Danamon Indonesia Tbk (Danamon) for a total consideration of IDR45.2 trillion (~$4.95 billion) DBS Group Holdings Ltd. 524
2-Apr-12 Law BANK CFTC Charges Royal Bank of Canada with Multi-Hundred Million Dollar Wash Sale Scheme – CFTC also charges that bank concealed material information from, and made material false statements to, a futures exchange U.S. Commodity Futures Trading Commission (CFTC) charged the Royal Bank of Canada (RBC) (1) "with conducting a multi-hundred million dollar wash sale scheme in connection with exchange-traded stock futures contracts"; and (2) "that RBC willfully concealed, and made false statements concerning, material aspects of its wash sale scheme from OneChicago, LLC, an electronic futures exchange, and CME Group, Inc." [RBC intends to vigorously defend is reputation; see "RBC Vigorously Rejects CFTC Allegations as Unwarranted," http://www.rbc.com/newsroom/2012/0402-cftc.html] CFTC 525
2-Apr-12 ACC JET Passenger jet crashes in Russia after take off killing 32, leaving 11 survivors Russia: UTAir ATR-72 jetliner crashed killing 32 people Pravda 526
3-Apr-12 M&A BANK Royal Bank of Canada to Acquire Full Ownership of RBC Dexia Investor Services Royal Bank of Canada to acquire the 50% stake that RBC does not already own in RBC Dexia Investor Services Limited from Banque Internationale à Luxembourg S. A. for total consideration of €837.5 million (C$1.1 billion) in cash Royal Bank of Canada 527
3-Apr-12 M&A BUS FOOD Molson Coors to Acquire Central and Eastern European Brewer StarBev Molson Coors Brewing Company to acquire StarBev L.P. for €2.65 billion ($3.54 billion) Molson Coors 528
3-Apr-12 RES BUS DEBT Rating Action: Moody's downgrades GE rating to Aa3, GE Capital to A1 Moody's Investors Service downgraded (1) the senior unsecured debt rating of General Electric Company (GE) to Aa3 from Aa2; and (2) the senior unsecured rating of its finance subsidiary, General Electric Capital Corporation, to A1 from Aa2. The rating outlook for GE and GECC is stable Moody's Investors Service 529
3-Apr-12 VIO MIL Matthew Rosenberg Taliban Attacks Kill 9 Afghan Police Officers 2-3-Apr-2012: Afghanistan: Taliban attacks killed 9 Afghan police officers; 14 are also missing NYT 530
4-Apr-12 BUS WWW JOBS Yahoo! Statement Yahoo! to eliminate ~2,000 jobs; employee transitions are expected to realize ~$375 million in savings per year Yahoo! 531
4-Apr-12 GOV BANK DEBT 4 April 2012 - Monetary policy decisions The Governing Council of the ECB to keep the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility at 1.00%, 1.75% and 0.25% respectively European Central Bank 532
4-Apr-12 VIO EDU Maria L. La Ganga; Victoria Kim. Contributors: Ashley Powers; Lee Romney; Matt Stevens Oakland college gunman sought to settle score, police say A South Korean national allegedly shot and killed 6 students and a secretary at Oikos University, a small Christian college Los Angeles Times 533
4-Apr-12 GOV MEDIA JOBS CBC to cut 650 jobs over next 3 years Canada: CBC/Radio-Canada to lose $115 million in funding over 3 years and to eliminate 650 jobs over the same period CBC News 534
4-Apr-12 M&A RES Graphics: Mergers and Acquisitions, Top Financial and Legal Advisers Mergers and acquisitions in 2012Q1: wordwide, $481 billion (down 34%): U.S., $146 billion [source: Thomson Reuters] NYT-DealBook 535
4-Apr-12 M&A BUS TECH EBX Group and IBM Announce Strategic Agreement IBM to acquires 20% of SIX Automacao's capital, a subsidiary of SIX Solucoes Inteligentes, an EBX Group technology company; IBM and EBX Group to collaborate on research, and to create Joint Industry Solutions Center at SIX Automacao; EBX Group to outsource IT operations to IBM for ~$1 billion over 10 years IBM 536
4-Apr-12 BUS FIN JOBS EBX Group and IBM Announce Strategic Agreement Brazil: EBX to invest $15.5 billion during 2011-2012 in Brazil, and to generate 20,000 jobs EBX 537
4-Apr-12 VIO Mohammed Yusuf Suicide Bomber Kills 8 in Somali Capital Somalia: a female suicide bomber targeted the Somali National Theater in Mogadishu and killed ≥8 people; the Islamist group al-Shabab claimed responsibility VOA News 538
4-Apr-12 GOV NUC VIO Catherine Hickley; Manuela Hoelterhoff (ed.) Nobelist Grass Says Nuclear-Power Israel Threatens Peace In the poem titled “What Has to Be Said,” Guenter Grass, the Nobel Prize winning author of “The Tin Drum," claims that Israel is threatening world peace [see http://www.sueddeutsche.de/kultur/gedicht-zum-konflikt-zwischen-israel-und-iran-was-gesagt-werden-muss-1.1325809] [for a translation of the poem, see Heather Horn, "Gunter Grass's Controversial Poem About Israel, Iran, and War, Translated," The Atlantic, 6-Apr-2012, http://www.theatlantic.com/international/archive/2012/04/gunter-grasss-controversial-poem-about-israel-iran-and-war-translated/255549/] Bloomberg 539
5-Apr-12 JUST BANK FRAUD Brady Dennis Judge approves foreclosure deal with banks U.S. District Judge Rosemary Collyer approved a $25 billion settlement between the government and large banks – Wells Fargo, Citigroup, Bank of America, JPMorgan Chase and Ally Financial "to overhaul the flawed and fraudulent foreclosure practices" [see 9-Feb-2012] [the banks do not admit wrongdoing; see http://www.nytimes.com/2012/04/02/business/fed-targets-eight-more-firms-in-foreclosure-probe.html] Washington Post 540
5-Apr-12 GOV BANK FRAUD Banks Always Win Editorial in the NYT titled" Banks Always Win": "Citing “unsafe and unsound” foreclosure practices, the Federal Reserve said recently that it plans to penalize eight financial firms . . . We’ll believe it when we see it. If recent history is any guide, regulators are more likely to offer the banks a way to avoid fines for harmful and egregious behavior. That means there will be no deterrent against future misbehavior." NYT-Editorial 541
6-Apr-12 BUS SEX Suzanne Daley. Contributors: Rachel Chaundler; Stefania Rousselle In Spain, Women Enslaved by a Boom in Brothel Tourism Spain: prostitution and trafficking of foreign women is booming in Spain; according to the U.S. State Department’s 2010 report on trafficking, 200,000-400,000 women were in the prostitution business in Spain and 90% were trafficked NYT 542
7-Apr-12 ELITE MON RPIG Natasha Singer In Executive Pay, a Rich Game of Thrones Data on 100 top-paid CEO's in 2011: median salary, $14.4 million (more than 318 times the average American salary); the aggregate salary of the 100 top-paid CEO's, $2.1 billion [source: Equilar]. According to a study by Emmanuel Saez (University of California, Berkeley): "In 2010, average real income per family grew by 2.3% but the gains were very uneven. Top 1% incomes grew by 11.6% while bottom 99% incomes grew only by 0.2%. Hence, the top 1% captured 93% of the income gains in the first year of recovery. Such an uneven recovery can help explain the recent public demonstrations against inequality" [see Emmanuel Saez, "Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2009 and 2010 estimates)", 2-Mar-2012, http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf]. NYT 543
7-Apr-12 VIO MIL Syria warned as daily death toll hits 100 Syria: according to activists, >100 people were killed, including ≥87 civilians CBC News: AP 544
8-Apr-12 VIO MIL 6 Colombian Soldiers Killed in FARC Ambush Columbia: rebels from the Revolutionary Armed Forces of Colombia (FARC) ambushed and killed 6 soldiers; 3 rebels were also killed VOA News-AP-AFP 545
8-Apr-12 REL Robert Berger Thousands of Christians Converge on Jerusalem for Easter Jerusalem: thousands of Christians celebrated Easter VOA News 546
9-Apr-12 M&A BUS WWW AOL And Microsoft Announce $1.056 Billion Patent Deal AOL Inc. to sell over 800 of its patents and related patent applications to Microsoft Corporation and to grant Microsoft a non-exclusive license to its retained patent portfolio for $1.056 billion in cash AOL 547
9-Apr-12 VIO Nigerian Easter Bombing Death Toll Rises to 36 Nigeria: a suicide car bombing near a church on 8-Apr-2012 killed ≥36 people; the Islamist group Boko Haram is reportedly suspected ("Boko Haram" means "Western education is a sin" in the Hausa language) VOA News 548
9-Apr-12 BUS TECH JOBS Tiffany Hsu Sony Corp. to cut 10,000 jobs, or 6% of global workforce Sony Corporation to cut 10,000 jobs (~6% of its global workforce) [Sony's net loss in 2011Q4 was $2.038 billion; sales and operating revenue was down 17.4%; see http://www.sony.net/SonyInfo/IR/financial/fr/11q3_sony.pdf] Los Angeles Times 549
9-Apr-12 AOG Rescue workers search for 135 missing in Pakistan avalanche 7-Apr-2012: Pakistan: a massive avalanche buried a military complex; ≥135 people, including 124 troops and 11 civilian contractors, are missing China Daily: AP 550
9-Apr-12 M&A TECH WWW Facebook to Acquire Instagram Facebook to acquire Instagram (photo-sharing app for mobile devices) for $1 billion in cash and shares of Facebook Facebook 551
9-Apr-12 ACC JET CNN Wire Staff. Contributors: Barbara Starr; Sandra Endo Navy begins compensation after crash 6-Apr-12: Virginia Beach, VA: an F/A-18 fighter jet crashed after experiencing a "catastrophic mechanical malfunction" CNN U.S. 552
9-Apr-12 VIO Blast Kills At Least 10 in Somali Town Somalia: a blast killed ≥11 people  VOA News 553
9-Apr-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) lost 130.55 points (-1.00%), closing at 12,929.59 Yahoo! Finance: DJ 554
10-Apr-12 VIO MIL Activists deny Syrian claim of pullout Syria: according to the Syrian National Council, 160 people were killed on 9-Apr-2012, and 1,000 people in 8 days Fox News: AP 555
10-Apr-12 VIO MIL Ahmed Al-Haj 127 killed in 2 days of clashes in southern Yemen 9-10-Apr-2012: Yemen: the death toll from clashes between al-Qaida-linked militants and the Yemeni military is 127 AP 556
10-Apr-12 VIO SEC Sayed Salahuddin Bomb attacks in Afghanistan leave at least 18 police, civilians dead Afghanistan: a series of suicide attacks killed ≥18 people, including police and civilians Washington Post 557
10-Apr-12 BUS TECH FIN Sony Announces Revision of Consolidated Forecast
for the Fiscal Year Ended March 31, 2012
Sony revised its consolidated net loss attributable to Sony Corporation’s stockholders for the FY ended 31-Mar-2012: from ¥220 billion (or ~$2.7 billion) (Feb-2012 forecast) to ¥520 billion (or ~$6.4 billion) (Apr-2012 forecast) Sony 558
10-Apr-12 MKT Sara Sjolin Europe stocks see steep falls on Italy, Spain France: CAC 40 lost 102.21 points (-3.08%), closing at 3,217.60. UK: FTSE 100 lost 128.12 points (-2.24%), closing at 5,595.55. [See also http://finance.yahoo.com/intlindices?e=europe.] MarketWatch 559
10-Apr-12 MKT Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA) lost 213.66 points (-1.65%), closing at 12,715.93 Yahoo! Finance: DJ 560