Rob Kirby Exposes Blythe Masters Dissimulation
Send this English witch back to Cambridge where she belongs before she destroys the USA, which is why MI6 planted her here!! She is one of the leading financial demons of the world, if not the leading financial demon. Makes Blankfein look honest.
Jack Tramiel Dies -Commodore Computer
I met Jack and was good friends with his head of design, a gentile. He was one greedy, smart and talented Hebrew, and a ruthless business person. I was never a Commodore fan as his market was gamers and home hobby types and you could not do serious work on his computers. He really did not like engineers. He lacked the elegance of design of Steve Jobs so I never thought to buy his firm’s stock. Jobs would at least pick up the lunch bill and liked Engineers. The Hebrews do have a genius for making money and exploiting gentiles. I suppose it goes back to Joseph in Egypt and his grain corner.
Jack lived like a King, and I can’t say that about any of the people who designed his products. Some did okay by owning stock but he was not generous with stock options grants like Jobs. Jobs paid the market price for engineering talent much like Larry Ellison does. I suppose Larry as an ex Designer himself understood their value.
Well I hope he repented before he died. These Hebrews don’t take their money into the next life, eh. A great American on many levels, as he was an innovator. Sad he used his talents to promote the Shoah Myths.
GFMS Gold Propaganda Line
Anglo-Zionists Gloat they are the Worlds Pimps and Are Proud of it!!
Again the damnable Anglo-Zionist Illuminati death cult that rules the USA and is trying to take over the globe right in your face in the Hebrew Times of New England, er New York. The English and their first cousins the Hebrew!!
Louis Lanzano/Associated Press
Jason Itzler, who calls himself the “King of All Pimps,” is awaiting trial.
Mark Elias/Associated Press
Sydney Biddle Barrows, the Mayflower Madam, captured headlines in the 1980s.
Boeing 737 Max Lined Up to Crush Airbusted
Boeing made the right design decision here, although a bit late in the game. The Europeans make airBuses that fly sometimes. In the USA we make aircraft and jet airliners. Must have been an Englishman who thought up the name Airbus. I’m sure the Chinacomms are trying to liberate the Boeing plans as I type.
Asian Americans Keep USA at forefront of 8 nm race and Memristor Race
Not a European-American in the bunch of leading ISPD papers this year. The Asians are the only ones willing to put in 80 hour work weeks for 80k-100K a year a PHD in engineering gets which what my friends who are European-Americans who teach at UC Berkeley tell me has happened. Although Caltech still has a large number of German and Russian-Americans.
Now I was reading some fundamental research on cancer vaccines last night. Of the 13 authors on this one major paper, 7 were Anglosaxon Americans, 4 were Hebrew-Americans and 2 were European-Americans. Clearly the ‘money’ is in the AMA- American Murder association, not physics and the Anglo-Zionists who want to eternal life in this world to avoid hell in the next world for making hell on earth with their ‘law’ , ‘finance’ and pseudo-crap medicine are going to make sure the goyim never get a peak at those results.
Anglos are not particularly good at mathematics or music never producing world class mathematicians or musicians like the French or Germans or Russians, etc.
Anglo-Zionist medicine is largely a death cult these days, and one used to play god and cook up every weird animal-human thing in the lab using gene splicing and dosing up toxic vaccines for Blacks like Bill Gates and his Anglosaxon-Royal bride.
At UC Berkeley and Caltech there were hardly any Anglo professors that were leaders in math and physics and they were far crazier than say Ed Teller the famous Hebrew-American who invented the Nuclear bomb who as actually a pretty nice guy when you staked him up next to Anglo nut jobs like Clark Kerr.
The Anglos and their kin are not going quietly from the leadership positions in this country, but under their leadership which has been purely satanic since 1913, America has gone to hell in a hand basket. I have no intention for voting for Mittens Pratt or the hater of Christians sent from the English to destroy us, the Black-Hebrew, Barak Obummer. Anglosaxon A or Anglosaxon B, or Engbrew A or Engbrew B is the choice again for us in the USA. Obama mother is a Dunham after all. Try not to spit on any Dunhams if you should meet them, they can’t be all bad. I once met a moral Armstrong, which hardly made up for the other 99 satanic Armstrong kin. The Anglo-Zionist leadership model is a failure in everything. I’m tired of it.
Solar Cell Wars- Chinacomms Cheat, Americans Compete and Innovate
Sivaram’s book on CVD is the gold standard. It’s quite lucid. My money is on him not the Chinacomm, ripoff artists. The Christ hating communist party must come down in both the USA and Peking. Bring the Emperor back, China was better run under him.
China Continues to Do Fantastic Job Cloning USA Advanced Weapon Systems
I hope Prince Charles’ and Al Gore’s Briefcases are checked before they head to Hong Kong or Shanghai!!
Graphene composite beats copper for cooling chips
Mozambique the New Anglo-Zionist Oil Frontier
The Ascendence of Sociopaths in US Governance-Doug Casey
Oil Specs Greenlighted as Gold Slammed Again
The ECB slease,..er ease.
Banksters Back to Subprime Game!!
Obummer Wants Race War on European -American Christian Men
Today’s Unspun News
U.S. Stocks Advance Amid Alcoa’s Unexpected Profit
U.S. stocks advanced, snapping a five-day decline for the Standard & Poor’s 500 Index, after Alcoa (AA) Inc. reported an unexpected first-quarter profit.
Alcoa, the first company in the Dow Jones Industrial Average to report quarterly results, rallied 7.7 percent. Bank of America Corp. and General Electric Co. added at least 1.7 percent, pacing gains among the biggest companies.
The S&P 500 increased 1 percent to 1,372.62 at 9:43 a.m. New York time. The benchmark measure for American equities had fallen 4.3 percent over the past five days. The Dow average advanced 108.76 points, or 0.9 percent, to 12,824.69 today.
“Alcoa helped dampen the dark mood in the market,” said Frederic Dickson, who helps oversee $28 billion as chief market strategist at D.A. Davidson & Co. in Lake Oswego, Oregon. “It’s always nice to see the first company out of the box with an earnings surprise. It’s time to see how this progresses and reassess when to put some money back in.”
The S&P 500 (SPX) yesterday capped its longest losing streak since November as a disappointing jobs report and a surge in Spanish and Italian bond yields fueled concern about global growth. The index has risen 9.1 percent in 2012 amid better- than-estimated economic data and corporate earnings.
While S&P 500 per-share profit growth slowed to 0.8 percent during the first three months of the year from 4.9 percent in the fourth quarter, it will accelerate to 8.3 percent during all of 2012, according to analyst estimates compiled by Bloomberg.
“This earnings season could be a major positive catalyst,” Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research, said in a telephone interview from Cincinnati. “We’ve had a strong selloff ahead of it. Should earnings come in slightly better than expected, that could turn out to be one of those buying opportunities.”
Alcoa climbed 7.7 percent to $10.04. The earnings were “driven by higher-than-expected profitability from every operating segment,” Brian Yu, an analyst at Citigroup Inc. in San Francisco, said in a note. “Good cost control likely played a major role.” The stock dropped 48 percent in the 12 months through yesterday, the biggest decline in the Dow.
Some of the largest companies rallied today. Bank of America added 2.9 percent to $8.79. GE (GE) gained 1.7 percent to $19.06.
Owens-Illinois Inc. (OI) climbed 10 percent to $24.22. The biggest maker of glass bottles said first-quarter earnings will rise more than 35 percent from a year earlier on good manufacturing performance and greater-than-planned production rates.
Nokia Oyj (NOK) tumbled 14 percent to $4.33. The mobile phone maker, which is a year into an alliance with Microsoft Corp. to try to win back market share lost to Apple, cut its profit forecast for its handset division.
On top of earnings data, investors will also watch the Federal Reserve’s Beige Book business survey. Fed Bank of Atlanta President Dennis Lockhart said while last month’s jobs report was disappointing, it doesn’t alter his view that the U.S. economy is growing moderately and he would be “reticent” to support additional asset purchases, or quantitative easing.
The Fed’s imminent conclusion of a program to reduce borrowing costs may hurt U.S. stocks as much as earlier rounds of bond buying did, according to Michael Hartnett, chief global equity strategist at Bank of America Corp. (BAC)’s Merrill Lynch unit.
The S&P 500 fell in 2010 and again last year within the Fed’s final three months of bond purchases, or quantitative easing. This time, the central bank is buying $400 billion of Treasury notes and bonds to replace shorter-term holdings in what’s known as Operation Twist.
A “bad Goldilocks” backdrop may lead to a stock-market slump this quarter as the Fed wraps up the program, Hartnett wrote yesterday in a report that featured a similar chart. In this case, “the economy is neither cold enough to provoke further policy stimulus nor hot enough to provoke big buying of equities” as well as commodities, the New York-based strategist said in a video. Any second-quarter drop probably will end with the S&P 500 between 1,300 and 1,350, he wrote.
U.S. stocks will probably see a short-term relief rally before extending their retreat next week, according to the head of technical analysis at Credit Suisse Group AG.
The S&P 500 may climb as much as 1.7 percent to 1,382 today or tomorrow after the gauge’s decline reached a support level at 1,357, London-based David Sneddon wrote in e-mailed comments today. The measure will then be poised to drop more than 3 percent next week to the 1,339 low from March 6, he said.
“With a classic bearish momentum and on-balance volume divergence reinforcing the more bearish scenario, we expect further weakness to extend,” Sneddon wrote in a note dated yesterday. So-called on-balance volume shows a security’s momentum by looking at the relationship between price and the number of transactions taking place.
Summer gas prices will climb 6%, Energy Department forecasts
JPMorgan Restricts New Student Lending to Bank Customers
JPMorgan has been paring back student loans, which comprise a small part of the estimated $1 trillion market and the company’s $2.27 trillion balance sheet. The student-lending portfolio shrank 15 percent since 2009 to $13.4 billion as of Dec. 31 as bad debts almost doubled. Uncollectible loans climbed 72 percent since 2009 to $434 million last year, according to the bank. JPMorgan made $300 million of student loans in 2012, down from $1.9 billion in 2010 and $4.2 billion the prior year.
Profit Drop at U.S. Banks Imperils Rally
..Loans at the top 25 domestically chartered commercial banks rose 0.4 percent in the quarter through March 28, slowing from 1 percent growth in the previous three months, according to the Federal Reserve. Loans fell to $4.04 trillion from a peak of $4.24 trillion in the fourth quarter of 2008, according to the Fed. The U.S. economy expanded 2 percent in the first quarter, according to estimates from 72 economists surveyed by Bloomberg.
“There will be times in this cycle, like this quarter, when GDP growth and loan growth don’t necessarily track each other,” Foran said in an interview. “It’s a complete reversal of the fourth quarter, when capital markets were weak and loan growth was strong.”
The results may disappoint investors who piled into banking stocks on a bet the industry was inexpensive and set to benefit from a strengthening economy, he said.
The KBW Bank Index (BKX) of 24 companies climbed 26 percent in the first quarter, led by Bank of America Corp.’s 72 percent gain and Regions Financial Corp.’s 53 percent. Financial services topped all sectors in the Standard & Poor’s 500 Index. (SPX)
Over the past five trading days ending yesterday, the KBW Index fell 6.4 percent. That may mean fewer investors sell shares if first-quarter results disappoint, Kovalski said.
Still, lenders are cheaper than they were last year, as measured by the ratios of their stock prices to earnings estimates over the next 12 months and to book values. The price- to-earnings ratio for the KBW Index was 10.8 as of yesterday, down from 13.7 on April 11, 2011. The ratio of price to tangible book value, a measure of what investors are willing to pay for a company’s equity after removing intangible items such as goodwill, stood at 1.22 compared with 1.53 a year earlier.
Investors will get a first look at results when JPMorgan and Wells Fargo (WFC) kick off earnings, about an hour apart, on April 13. Citigroup Inc. (C) is set to announce results April 16, followed by Goldman Sachs Group Inc. (GS), Bank of America and Morgan Stanley.
JPMorgan, the largest and most profitable U.S. lender, may say net income fell 19 percent, adjusting for one-time items, from the same period a year earlier to $4.53 billion, according to the average estimate of 19 analysts surveyed by Bloomberg. Earnings per share will fall to $1.18, the analysts estimate. Revenue at the New York-based bank is projected to fall 4.1 percent to $24.2 billion….
U.S. Import Prices Jumped 1.3% in March on Fuel, Materials
Prices of goods imported into the U.S. rose more than forecast in March, reflecting higher costs for fuel and industrial materials such as metals.
The 1.3 percent gain in the import-price index was the biggest since April 2011 and followed a revised 0.1 percent drop in February that was previously reported as an increase, Labor Department figures showed today in Washington. Economists projected the March gauge would increase 0.8 percent, according to the median forecast in a Bloomberg News survey. Prices excluding fuel climbed 0.5 percent, also the most in 11 months.
Even with the jump from a month earlier, import prices over the last year posted the smallest gain since November 2009, indicating slower global growth may help temper inflation pressures. Federal Reserve policy makers said last month that higher fuel prices will prove temporary, allowing them to stick to plans to keep interest rates low at least until late 2014.
“Given what’s been driving import prices, which is the oil component, you’re likely to see a slight moderation or even greater moderation going forward,” said Jacob Oubina, a senior U.S. economist at RBC Capital Markets LLC in New York, who correctly forecast the March figure. “Import prices were certainly a problem for businesses in the last three months, but we’ve seen those pressures ease.”
Prices of imported consumer goods excluding autos were unchanged for a second month in March.
Projections for import prices ranged from a decrease of 0.3 percent to an increase of 1.3 percent, according to the Bloomberg survey of 48 economists. February import prices were initially reported as a 0.4 percent gain…
Alcoa Posts Surprise Profit After Aluminum Orders Climb
Alcoa Inc. (AA), the largest U.S. aluminum producer, reported an unexpected first-quarter profit after orders rose and it closed higher-cost smelting capacity. The shares advanced in German trading.
Net income fell to $94 million, or 9 cents a share, from $308 million, or 27 cents, a year earlier, New York-based Alcoa said yesterday in a statement. Profit excluding restructuring costs and other items was 10 cents a share, compared with the average estimate for a 4-cent loss from 19 analysts surveyed by Bloomberg. Sales rose 0.8 percent to $6.01 billion, beating the $5.77 billion average of 12 estimates. The shares rose the most in more than four months in New York.
The earnings were “driven by higher-than-expected profitability from every operating segment,” Brian Yu, an analyst at Citigroup Inc. in San Francisco who estimated a 6- cent loss, said in a note. “Good cost control likely played a major role.”
Alcoa, traditionally the first company in the Dow Jones Industrial Average (INDU) to report quarterly earnings, announced it would shut older plants in North America and Europe in January. Chief Executive Officer Klaus Kleinfeld is proceeding with an $11 billion joint venture in Saudi Arabia, which Alcoa says will be the world’s most efficient integrated aluminum plant.
Alcoa rose 6.8 percent to $9.94 as of 9:32 a.m. in New York. It earlier climbed as much as 7.5 percent, the biggest intraday gain since Nov. 30. The stock dropped 44 percent in the past year, the largest decline on the DJIA.
The company has rebounded from a fourth quarter in which it lost 3 cents a share, its first loss on an adjusted basis since 2009. Alcoa said yesterday its four units — alumina, aluminum, rolled products and engineered products — each recorded an operating profit after tax.
The rolled-products business, which processes aluminum used in cars and aircraft, saw earnings before interest, tax, depreciation and amortization per ton of metal rise 19 percent.
A jump in demand from planemakers rebuilding their fleets and auto manufacturers adapting to new fuel and emissions standards will help boost earnings in the next few years, said Lloyd O’Carroll, an analyst at Davenport & Co. in Richmond, Virginia.
“Aerospace, automotive, trucks and trailers, that’s what’s driving it,” he said.
Alcoa boosted its 2012 aerospace sales forecast by 3 percentage points to 13 percent to 14 percent. It projected U.S. auto sales will climb 7 percent to 12 percent.
The company’s production of primary aluminum rose 5.2 percent to 951,000 metric tons in the quarter, even with the smelter cutbacks. U.S. and Canadian aluminum producers’ shipments of extruded products, such as pipes and rods, rose 13 percent in the year through March 20 compared with the same period a year earlier, the Aluminum Association said April 9.
Alcoa in January announced the closure of plants in the U.S., Spain and Italy, cutting 531,000 tons of aluminum capacity. The company said last week it will reduce output of alumina, the raw material used to make aluminum, by 390,000 tons.
The cutbacks followed a decline in aluminum prices, which are down 23 percent on the London Metal Exchange in the past 12 months. The metal averaged $2,219 a ton on the LME in the first quarter, 12 percent less than a year earlier.
Global aluminum use will exceed supply by 2.1 million tons this year, assuming Chinese consumption of 17.6 million tons, according to Andrew Cosgrove, an analyst at Bloomberg Industries in Princeton, New Jersey.
Kleinfeld said yesterday on a conference call that Alcoa forecasts a deficit this year of 435,000 tons, or narrower than the 600,000 tons he projected in January.
Alcoa isn’t the only aluminum producer to have cut capacity this year. Norway’s Norsk Hydro ASA (NHY) shut a 60,000-ton line at its Kurri-Kurri smelter in Australia and cut 180,000 tons at a German plant in January.
Oleg Deripaska, the CEO and largest shareholder of Russia’s United Co. Rusal, said in December that falling metal prices may prompt smelters to shut down 3 million tons of capacity globally.
Alcoa’s announced cuts in capacity “may not be the end,” Kleinfeld said on the call. The company is still considering the future of its Point Henry smelter in Australia and its Brazilian smelters, he said.