Tag Archives: George Soros

News, Politics, Government

More Pain For Bill Ackman On Herbalife: George Soros Joins Carl Icahn Going Long

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By Agustino Fontevecchia, Forbes Staff

Another day, another blow for Bill Ackman.  The billionaire hedge fund manager has added one more adversary betting against his highly publicized $1 billion short of Herbalife, as reports suggest legendary investor George Soros has taken a sizeable position in the nutritional supplements company.  The stock, which has already doubled this year, took off again on Wednesday, further squeezing Ackman’s probably losing short position. …read more

Source: FULL ARTICLE at Forbes Latest

Articles of Interest

“Brother Roger” And The Racial Agitators

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By Cliff Kincaid

Roger Ailes Fox News “Brother Roger” and the Racial Agitators

When conservatives complain about Al Sharpton, they usually note his relationship to NBC news or his hosting a show on MSNBC. But a new book says the racial agitator and Democratic Party politician has considerable clout with Fox News, and in fact played a role in getting conservative Glenn Beck fired from the channel.

Fox News host Tucker Carlson says “people like Jesse Jackson and Al Sharpton do not deserve to be called civil rights leaders. They are not. They are hustlers and pimps who make a living off inflaming racial tensions.”

However, The Zev Chafets book, Roger Ailes: Off Camera, has some revealing passages about the clout that Sharpton and Jackson have with the chairman and CEO of Fox News. It says Ailes took a phone call from Sharpton after Beck, then a Fox News host, staged a rally at the Lincoln Memorial 47 years to the day after Martin Luther King, Jr. delivered his “I have a dream” speech at the same location. Beck’s “Restoring Honor” rally, designed to pay tribute to America’s military personnel and restore traditional values, was strongly attacked by figures such as Sharpton and George Soros-funded groups like Media Matters, then campaigning to have Beck fired from Fox News.

Chafets says Reverend Alveda King, a national pro-life leader, delivered a conservative “I have a dream” message of her own at the Beck-sponsored rally that was “infuriating to many viewers” and Ailes as well. “Ailes didn’t like it much, either,” he reports. However, the book doesn’t explain why Ailes took issue with the rally or the speech.

The book adds, “When Al Sharpton called him [Ailes] to complain, Sharpton was surprised to hear Ailes say he would ‘take care’ of it.” The passage is included in the context of Ailes making a decision that “he would have to get rid of Glenn Beck” and telling Howard Kurtz, then a media reporter with The Daily Beast, that “he was turning down the partisan heat at the network” and was pursuing “a more moderate tone” in programming.

Kurtz, who was recently hired by Fox News, is described by Michael Clemente, Fox’s executive vice president of news, as “the most accomplished media reporter in the country,” despite a series of embarrassments over erroneous and controversial columns and media appearances that resulted in his firing from The Daily Beast.

While the Chafets book is considered sympathetic to the chief of the Fox News Channel, it notes that Beck’s firing followed his strong criticism of billionaire George Soros and a vigorous campaign by various left-wing groups against him.

Chafets also points out that then-Rep. Dennis Kucinich (D-OH), another liberal recently hired as a Fox News commentator, is a member of the “roster of Friends of Roger” and an old “buddy” of Ailes.

Accuracy in Media chairman Don Irvine noted that Kucinich was “one of the most liberal members of Congress until he lost his seat after redistricting in 2012,” and that he was “the latest in a string of liberals at Fox, including former Sen. …read more

Source: FULL ARTICLE at Western Journalism

Articles of Interest

Trayvon Martin Protest Leaders Revealed

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By Breaking News

Trayvon Martin Protest 7 SC Trayvon Martin Protest Leaders Revealed

Dream Defenders, the main group that has been agitating the protest movement surrounding the Trayvon Martin case, was spawned by activists employed by a who’s who of the race-hijacking radical left.

From the socialist-oriented SEIU union to ACORN to Occupy to a litany of George Soros-funded organizations, the deep connections behind Dream Defenders raises questions about the motivation of an organization that claims to be a grassroots effort working to oppose racism.

Dream Defenders has been leading Martin protests since the onset and has been credited with agitating for George Zimmerman’s arrest.

The group was behind the protests that blockaded the Sanford Police Department, demanding the police chief be fired for failing to bring charges against Zimmerman, who was acquitted of second-degree murder Saturday.

The small Community Relations Service at Eric Holder’s Justice Department facilitated a meeting between Dream Defenders and city officials that resulted in a Justice review of the police department.

Read More at WND . By Aaron Klein.

Related posts:

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  2. Lies The Media Told Me: The Truth In The Trayvon Martin Case Like ForgeryGate, the mainstream media has covered up, ignored, and…

…read more

Source: FULL ARTICLE at Western Journalism

Articles of Interest

Video: “Progressive Insurance” Lady Not Funny!

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By Wild Bill for America

Bill exposes Progressive Insurance as one of America’s most rabidly liberal businesses.

Related posts:

  1. Progressive Insurance Not A Friend Of Most Americans Peter Lewis, the Chairman of Progressive, supports George Soros’ agenda.……
  2. Liberalism Is A Regressive Rather Than A Progressive Ideology Hear about Bill Whittle’s trip to Oberlin College in Ohio….

…read more

Source: FULL ARTICLE at Western Journalism

Business, Finance, Occupation & Industry

1 Dividend Stock Every Investor Should Own

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By John Maxfield, The Motley Fool

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It’s easy to lose sight of the purpose of investing. Despite what CNBC might lead you to believe, investing is not about adroitly maneuvering in and out of the market on a daily, if not hourly, basis trying to beat the pros. The only one that gets rich when you do this is your broker — ever wonder why brokerage commercials show people with home offices far nicer than yours?

The true purpose is instead much more pedestrian in nature — as billionaire George Soros has been known to say, “If investing is entertaining, if you’re having fun, you’re probably not making any money.” First and foremost, the purpose of investing is to preserve your hard-earned capital against inflation. And beyond this, it’s to generate a respectable return.

So how do you go about doing this?

Most people think the way to do so is to pick great stocks. I would agree, with a caveat.

Picking individual stocks that don’t put your capital at undue risk while also offering a reasonable return is hard. Anybody who leads to you believe otherwise has no idea what they’re talking about. What do you think the world’s greatest investors do all day? Here’s a hint: They don’t have day jobs — or, rather, their day jobs revolve exclusively around investing.

It’s easy for people like Peter Lynch, the longtime manager of Fidelity’s Magellan Fund, to proclaim that you should “invest in what you know,” or for Warren Buffett, the greatest investor of all time (click here to see Buffett’s 10 largest stock holdings), to quip that you should “be fearful when others are greedy and greedy when others are fearful,” but the fact of the matter is that these guys didn’t get rich by following cliches. They got rich by spending countless hours studying the companies behind the stocks they invested in — or, perhaps more importantly, didn’t invest in.

With this in mind, here’s something else Lynch has said: “If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” I don’t know if you play poker, but your odds aren’t very good if you don’t know what’s in your hand.

If you nevertheless want to go down this path, subscribe to our Stock Advisor newsletter service. That’s a shameless pitch, I know. But hear me out. It’s run by demonstrated winners who, as far as I can tell, spend the vast majority of their waking hours reading up on, researching, and thinking about great companies. And they have the results to back it up. Since starting the service in 2002, their picks have returned 105%, outperforming the S&P 500 by 69%.

In the event you’re not convinced — and given my obvious bias, I couldn’t blame you — here’s what I recommend: Buy index funds, and exchange-traded funds in particular (click here to

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The 4 Favorite Stocks for Short-Sellers

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By Dan Caplinger, The Motley Fool

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Most investors own stocks in the hopes of seeing them rise in value over the years. But for short-sellers, betting against stocks is the name of the game, and profits come when share prices fall.

Short-selling has always had a somewhat questionable reputation among mainstream investors, with many companies prevailing on those negative attitudes to blame short-sellers for share-price declines. But often, short-sellers direct their efforts at companies that are fundamentally weak, and as a result, watching the short-interest figures that stock exchanges provide can clue you in to stocks that are especially risky or are facing major obstacles.

With that in mind, let’s look at the four S&P 500 stocks that have the highest percentage of their available share-float sold short, according to the latest available figures from S&P Capital IQ.

J.C. Penney , short position: 55.5% of float and 25.6% of outstanding shares
This retailer’s recent travails are well known, as J.C. Penney tried and failed to transform itself from a coupon-driven discount retailer to a more attractive destination for shoppers. With the Ron Johnson experiment having backfired, the company has recently started to move back toward its original focus, albeit trying to hang onto some of the progress it has made with store renovations and in-store specialty shops. Despite recent news that George Soros has taken a substantial position in the stock, short-sellers think that the retailer is doomed to eventual failure as its competitors have already taken advantage of its weakness.

GameStop , short position: 38.1% of float and 37.2% of outstanding shares
GameStop has seen its stock rise sharply recently, hitting five-year highs as bullish investors look forward to a new wave of video game consoles expected to hit the market in the near future. Yet even though new consoles will drive sales for GameStop in the short run, short-sellers are focused on longer-term challenges to the retailer’s business model. With increased digital distribution from gamemakers and other measures that make reselling old unwanted games more difficult, GameStop could lose a big portion of its used-game inventory, which is a major profit center for the company.

First Solar , short position: 30.4% of float and 21% of outstanding shares
The solar industry has been hit hard by overcapacity, but First Solar shocked bears earlier this month with guidance on sales and earnings that was far above what industry analysts were expecting. Moreover, its purchase of TetraSun will help First Solar boost the efficiency of its solar modules, an area in which the company has long lagged some of its competitors. Short-sellers are feeling the squeeze as a result of much higher share prices recently, although the stock still trades well below its levels from early 2011. It’ll be interesting to see whether they’ll give in and cover their positions in light of the news.

U.S. Steel , short position: 29.4% of float and 29.3% of outstanding shares
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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Billionaire George Soros' 10 Largest Stock Holdings

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By John Maxfield, The Motley Fool

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The famed hedge fund manager George Soros, known for breaking the British pound in 1992, shocked the world on Friday by announcing a 7.91% stake in J.C. Penney . The news sent shares of the ailing retailer sharply higher, making it the best-performing stock on the S&P 500 that day.

Besides throwing J.C. Penney a much-needed lifeline in the equity markets — its shares are down nearly 50% over the past year alone — the move reaffirms one of Soros’ central tenets: “The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”

The stake, valued at $295 million, makes J.C. Penney the third largest holding of Soros Fund Management, the privately owned hedge fund that’s largely responsible for managing its founder’s wealth. It also adds to an increasingly diverse portfolio of stocks. Among the fund’s other large holdings are companies as disparate as AIG , Johnson & Johnson , and Google :

George Soros’ 10 Largest Stock Holdings | Create infographics

This is contrarian investing at its best — and particularly Soros’ three largest holdings, all of which have run into hard times over the past few years.

The Motley Fool’s chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: “The Motley Fool’s Top Stock for 2013.” Just click here to access the report and find out the name of this under-the-radar company.

The article Billionaire George Soros’ 10 Largest Stock Holdings originally appeared on Fool.com.


John Maxfield has no position in any stocks mentioned. The Motley Fool recommends and owns AIG, Google, and Johnson & Johnson and has options on AIG. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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News, Politics, Government

As the Dollar Strengthens, Gold and Crude Oil Drop in Tandem

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By Robert Lenzner, Forbes Staff I wanted to explain to myself why the price of gold took such a fast sharp plunge, and as the shiny metal is supposed to trade in inverse relation to the dollar, I ran off a chart comparing gold, oil and the dollar from 2003, when gold began its run at about $250 an ounce. As the price of gold rose in fits and starts to $900 an ounce in 2008– and then magically and steadily all the way to nearly $1900 an ounce in 2011– an incredible double when stocks were in the doghouse– the dollar also was in a swoon. Look at any chart and you will by staggered by dangerously steep decline of the dollar; In the meantime, though, crude oil acted like gold’s camp follower, trailing the price of gold as it made its ascent. The graph lines for gold and oil almost overlap as if they were commodity twins. Then, in the summer of 2011, the fantasies of gold enthusiasts came up empty– as the European fiscal crisis whacked the Euro– ant the coming austerity there and slow growth here meant very little inflationary pressure– while QE was working its magical potion on stock prices. The truth of the matter– looking back since summer of 2011 is that the dollar began strengthening– and that dynamic relationship between the dollar and gold was being reversed. A rising dollar since August, 2011 was to dampen enthusiasm for gold– and large owners like George Soros apparently chose to lighten up. In short gold was a fantastic play– $250 to $1850 in 8 years– as long as the dollar cooperated and weakened as Ben Bernanke added more and more paper money to the financial system. It took a while to sink in, but this week the damage came fast and furiously. The Gold Group will have to wait for the dollar to weaken again– and currently I’m not too sanguine about it.

From: http://www.forbes.com/sites/robertlenzner/2013/04/16/as-the-dollar-strengthens-gold-and-crude-oil-drop-in-tandem/

Articles of Interest

Loyal To The Left, Jim Wallis Supports Gay Marriage

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By David Fiorazo

Jim Wallis SC Loyal To The Left, Jim Wallis Supports Gay Marriage

In June of 2010, Reverend Jim Wallis was asked if he believed abor­tion and homosexuality were sins. Christian radio station GM Mike Le May got the answer loud and clear: Wallis shouted at him, called him a “right-wing Kool-Aid drinking Glen Beck follower,” and hung up the phone. I documented the divisive controversy that led to this exchange in my book, ERADICATE, in a chapter on social justice and the Bible.

On Monday, Wallis – being faithful to the Democratic Party platform – openly admitted to supporting same-sex marriage. Not surprisingly, a spokesperson for Wallis’ Sojourners magazine could not say whether or not Wallis believes homosexuality is a sin.

Appointed by President Obama to his White House faith council, some say Wallis is a progressive evangelical because his primary support is from leftists.

In 2011, it was revealed by investigative journalists that Wallis’ Sojourners magazine received hundreds of thousands of dollars from radical socialist George Soros. Why would an anti-American financier like Soros give large grants to Sojourn­ers?

Jim Wallis first denied the Soros connection, saying, “No, we don’t receive money from George Soros… Our money comes from Christians who support us and who read Sojourners.”

Soros is a corrupt billionaire from Hungary aiming to destroy America’s Christian ideals and freedoms that made us a great nation. His hatred for America fuels the financing (over $52 million) of left-wing media outlets and groups, including those promoting abor­tion, atheism, homosexual activism, socialism, and government expansion. It’s no wonder Jim Wallis tried to hide the truth.

George Soros is working to destroy America’s system of capitalism; this connection between Wallis and Soros should not be ignored.

On their website, Sojourners quotes people like Gandhi, the Dalai Lama, and new age leader Marianne Williamson and empha­sizes social justice, environmental activism, diversity, and amnesty for illegal immigra­nts.

Wallis seems to look at the Bible in light of the world around him rather than looking at the world in light of God’s Word. From his White House platform, Wallis attacks Republicans while calling himself a “nonpartisan evangelical minister” and is very popular among liberals who routinely vilify Christians for their involvement in political issues.

According to Wallis:

As more Christians become influenced by liberation theology, finding themselves increasingly rejecting the values of institu­tions of capitalism, they will also be drawn to the Marxist analy­sis and praxis that is so central to the social justice movement.

Early in his career, Wallis founded an anti-capitalist magazine called the Post-American, which identified wealth redistribution and government-managed economies as the keys to achieving social justice. He changed the name to Sojourners in the early 1970s. During his college years at Michigan State, Wallis joined the Students for a Democratic Society (SDS), a radical organization that aspired to overthrow America’s institutions. Wallis remains opposed to the free market system in America.

Over the years, Jim Wallis has been pro-Vietcong and actually celebrated America’s defeat in Vietnam, stating:

I don’t know how else to express the quiet emotion that rushed through me

From: http://www.westernjournalism.com/loyal-to-the-left-jim-wallis-supports-gay-marriage/

News, Politics, Government

My Gold Guru Got It Right– and Then Wrong, as the Gold Craze Went Cold

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By Robert Lenzner, Forbes Staff My gold guru, Frank Giustra of Vancouver, Canada pushed me hard on gold from the summer of 2008 when it was selling at $900 an ounce– all the way up to $1900 an ounce in the summer of 2011– a hell of a run of accumulated gain of more than a double– while stocks floundered pretty badly. The gold story went like this; Ben Bernanke‘s policy of one QE after another– dramatically increasing the supply of greenbacks– was bound, sooner or later, to cause the dollar to face its own severe crisis of devaluation. Faith in the dollar was going to swoon badly– and then the late to the game investors would recognize that the only true protection against the denouement of paper currency was that precious metal gold. Giustra even believed that the panicky selling of dollars to escape its tarring and feathering would trigger a parabolic rise in the value of gold to some astronomically fantastic level– and then you were supposed to make your exit, selling to the crowd. Such noted hedge fund barons as George Soros and John Paulson signed onto this playbook to one degree or another. Family offices, public pension funds, fixed income advisors looking for an extra kick to their bond portfolios– and the many camp followers no matter how amateur trailed along, thinking to make a killing when gold shot through $200 an ounce to $5000 an ounce and tghen God knows where. Chinese banks, encouraged by the Communist government, allowed their banks to establish monthly gold accumulation plans as the way to stay ahead of whatever inflation hit the fastest growing economy in the world. Indian gold jewelry was hoarded while retail lenders offered credit to accumulators of silver, which was expected to move jointly with gold. Central banks in Asia and in Russia regularly purchased gold whenever the IMF scheduled auctions of its inventory. The tv networks were filled wit come-one advertisements to join the smart money. Then came the denouement in Europe, and pressure on the euro, while the Japanese economy languished and China appeared to be tightening up credit to avoid some kind of bubble. Gold retreated, advanced again, then retreated again– and seems stuck in a trading range between $1525 and $1650 an ounce. The dollar has not collapsed; rather it has gotten stronger as US treasuries are the safe haven of choice and are at record price levels as well as record low yields. Simultaneously, the shares of gold mining stocks have retreated due to the high cost of producing gold, political turmoil and strikes at major mines, and the need of governments like australia or Peru to seek high tax revenues from their mining giants. Desperately, the dreamers, the fantasists and the conspiracy end of civilization fanatics are looking for the new gold- Bitcoins, with staggering face values, or some new currency that will somehow have legs. It has been a great run. Even at $1550, the return since July, 2008 has been 67% over …read more

Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Is Caterpillar Digging Itself a Deeper Hole?

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By Rich Duprey, The Motley Fool

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Just days after announcing cuts of up to 300 employees at its South Milwaukee facility that it acquired from Bucyrus, heavy-equipment manufacturer Caterpillar laid off 460 workers at its Decatur, Ill., plant, again citing mining industry weakness. The Decatur plant is a manufacturing facility that runs a foundry, overhaul, and remanufacturing, and where the South Milwaukee layoffs have been deemed temporary, these are said to be permanent. All told, the company wants to eliminate about 2,000 jobs.

A deep hole
Caterpillar identifies coal, iron ore, gold, copper, and oil and natural gas as primary users of its equipment, so it’s easy to see why the equipment maker is taking it on the chin. Mining companies are abandoning the coal industry in droves.

Rio Tinto recently announced its intention to sell off its Australian coal assets while also seeking “strategic alternatives” for its copper and gold mines. Despite global financial turmoil, gold is incongruously slipping as a safe haven, as billionaire investor George Soros recently pointed out.

While I see that as a temporary response to the currency destruction being engineered by central bankers — people only have their gold to sell to get cash, so it’s depressing the price — BHP Billiton is also looking to strip away things it now considers unessential to its main operations, and it has idled a number of coal mines and is looking to shed oil and gas assets because they’re deemed the easiest to get rid of. Cliffs Natural Resources is idling iron pellet facilities because of weakness in the steel industry.

Demand an answer
As I noted over the weekend, fourth-quarter coal consumption in the U.S. tumbled 11%, according to the Energy Information Administration, and production was down 12%. It’s not looking much better in steel.

The World Steel Association says that while China‘s crude steel production jumped nearly 10% in February, it was down almost everywhere else in the world, with the U.S. experiencing an 11.8% falloff, amounting to a 1.2% global increase in production. But with demand falling, we’re going to see weak pricing rule the day.

While natural gas prices have rebounded in recent weeks to above $4 per million Btus, they fell again last week, settling right at $4 at Henry Hub but down to $3.90 on the NYMEX. And as mild weather spreads across the country, it’s likely they’ll fall below that threshold again, even as the number of natural gas rigs in operation has dropped below 400 for the first time since 1999.

Strength in numbers
Joy Global is the world’s second largest mining-equipment manufacturer, and it relies even more so on the coal industry’s health than Caterpillar does, with two-thirds of its sales coming from coal miners. It cut several hundred jobs late last year, and in its first-quarter conference call in February, the equipment manufacturer pointed to a 27% decrease in books, as original equipment orders dropped 30% and it saw aftermarket orders cut …read more

Source: FULL ARTICLE at DailyFinance

Articles of Interest

What Difference Does It Make…?

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By Tom Ballantyne Jr.

Author’s Note – I began my most recent post with the following:

“I never imagined that I’d find myself quoting Bill’s one-time heart throb (okay, eons of time ago), but using her just happens to suit my purpose. (Guess Bill and I aren’t so different after all….)”


Due to an inadvertent title change (the title was to have been the same as this one’s), readers were no doubt puzzled by this. Hopefully, this will clear things up.


Anyone who registers even the faintest EKG response realizes that the “Mainstream Media” isn’t mainstream. So if you felt your not insignificant intelligence was being insulted…and therefore didn’t dive headlong into the piece, I’d ask you to reconsider, as I believe our perception of the establishment media (which almost no one in this audience either reads or watches) is at the very root of all that ails us…and I mean that with absolute sincerity!


Note that I did not say that the endangered media is the problem, but that our perception of it is. Hear me out….


Every national Conservative pundit I know, with the exception of Rush Limbaugh (who has famously – and accurately – dubbed them the “Drive-by” or “Endangered Media”), Michael Savage, and Joseph Farah (who both refer to them as the “so-called ‘mainstream’ media”), mindlessly refers to them as the “mainstream” or “MSM” – freely bestowing upon them the highest of both compliments and credibility!


Would we have called the Communists’ Pravda (far more conservative today than our own state-controlled press!) the Soviet Union’s “mainstream” media? Of course not! It was nothing more than a state-owned organ of propaganda…and while George Soros may not own the New York Times outright (or even in part), it is clear that he, his allies, and his pawns are in lockstep with its entire agenda. (Obviously everything I have said about the networks applies to the so-called “Newspaper of Record,” as well as to its counterparts from coast to coast – whose viewership and coffers are also universally, and happily, “on the brink.”)


To put this in perspective I will recount an experience I had last spring, when AZ State Representative Carl Seel took me by to introduce me to then Speaker of the House, Andy Tobin. It was a Friday afternoon, perhaps 2:00 or 3:00, and the Speaker had gone for the week, as it turned out. His secretary dutifully wrote down my name and phone number, however, promising to have him call me…which, of course, he never did. I knew little about the Speaker at that time, but have since learned all I need to know: he’s a “Republican” – not a Conservative, and a “politician” – not a Statesman, as best I can tell. (It’s difficult, of course, to know any of our “representatives” well when they refuse to respond to their constituents!


As I left his office that day, and passed through the deserted anteroom, there on a …read more

Source: FULL ARTICLE at Western Journalism

Articles of Interest

Video: Progressive Insurance Not A Friend Of Most Americans

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By Gabor Zolna

Peter Lewis, the Chairman of Progressive, supports George Soros’ agenda.

Related posts:

  1. Progressive Vote Fraud And Intimidation Exposed Accuracy in Media’s Center for Investigative Journalism released a report…
  2. LNKD) will buy newspaper app Pulse. (WSJ)

    Carl Icahn signs a confidentiality arrangement with Dell Inc. (NASDAQ: DELL) and might push to replace its board. (WSJ)

    The White House admonishes China about widespread hacking of U.S. companies. (WSJ)

    The Cleveland Clinic sets a partnership with Community Health Systems Inc. (NYSE: CYH) to extend its brand beyond its medical center. (WSJ)

    Slow progress on the Keystone XL pipeline prompts U.S. refineries to use trucks to move oil from Canada. (WSJ)

    General Electric Co. (NYSE: GE) says CEO Jeff Immelt made $25.8 million last year. (WSJ)

    Growth continues to help Costco Wholesale Corp.’s (NASDAQ: COST) gross margins. (WSJ)

    The pace of company failures in Italy rises. (NYT)

    Regulators in the United Kingdom investigate possible irregularities in the Hewlett-Packard Co. (NYSE: HPQ) takeover of Autonomy. (NYT)

    Mexico may establish monopoly laws that would damage the telecom operations of Carlos Slim. (FT)

    GE says it plans to double sales in Africa. (FT)

    The sale of gold by George Soros shows its long-term bull run may be at an end. (Bloomberg)

    Filed under: 24/7 Wall St. Wire, Press Digest Tagged: COST, CYH, DELL, GE, GM, HPQ, LNKD, YHOO

    Read | Permalink | Email this | Linking Blogs | Comments

    …read more
    Source: FULL ARTICLE at DailyFinance

Articles of Interest

Tides Uses Tax Dollars To Turn America To The Left

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By Breaking News

Barack Obama American flag 2 SC Tides uses tax dollars to turn America to the Left

At the center of Washington, D.C., politics, a powerful group of left-wing activists has leveraged big money, high-level White House access and tax-code loopholes to create a lobbying organization dressed up as an educational nonprofit with the benign name of a laundry detergent.

The Tides Foundation is a favorite charity of such big-name liberal donors as Teresa Heinz Kerry (ketchup up heiress and wife of Secretary of State John Kerry) and Barbra Streisand. The two have given Tides more than $8.5 million over the years.

And Tides has a lesser-known benefactor: You. From 2009 to 2011, the most recent years for which data is available, the federal government has given Tides some $28 million in grants paid for by American taxpayers.

With offices in Washington, D.C., and Manhattan, the organization is headquartered in a nondescript peach-colored building on a hilltop in San Francisco’s tony Presidio district. Lucas Film is a next-door neighbor and the Golden Gate Bridge is a short jaunt away. Every year, from Tides HQ, the organization pushes $300 million through a network of hundreds of left-wing groups.

Tides says it’s working to “promote and support emerging social change and educational programs.” In fact, its programs are a checklist of liberalism’s most ambitious agenda: the Open Society Institute of George Soros, AFL-CIO, the Iraq Peace Fund, the Arab American Action Network, American Civil Liberties Union, the pro-Castro groups United for Peace and Justice and Center for Constitutional Rights, along with groups opposing free trade and gun ownership while advocating green energy and government-funded abortion.

Read More at watchdog.org . By Tori Richards.

Photo Credit: The US Army (Creative Commons)

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    Rerum Novarum is the basis for many “social justice” theories promoted by leftist and Marxist operatives in the church.

    Turkson, who is from Ghana, has taken “social justice” to the global level, arguing for a “global financial authority” to solve the world’s economic problems.

    For this reason, left-wing “progressives” backing Obama hope Turkson will be the next pope and use the Vatican in a global campaign against capitalism.

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    Source: FULL ARTICLE at Western Journalism