Posts Tagged ‘News’
Daily Forex News Recap (12/30): Trio of Good US Data to End 2010, But USD Pressured
May 22nd, 2012 | 
Author:
www.fxtimes.com Summary We end the year with upbeat economic reports from the US on manufacturing, home sales and unemployment claims. While that helped the USD stem a sell-off vs the Yen, the USD remained pressured to end 2010, hitting record lows against the Swiss Franc and Australian Dollars. Let’s first start by taking a look at the data from today. Jobless Claims at 2 and a Half Year Low Initial jobless claims fell by 34K, down to 388K for the week ended December 25th. That’s the lowest level in nearly two-and-a-half years, and gives us an indication that the labor market is improving. There has been a pretty steady downtrend in jobless claims in the 4th quarter, after they have been moving sideways through the rest of 2010. A level below 400K could be consistent with an increase of 100K-150K non-farm payrolls per month. Such a pace would need to be kept up in order to try and shift the unemployment rate down. The focus on the December Non-Farm Payroll report on January 7th increases now. Chicago Business Barometer Hits 22-Year High Following the weekly jobless claims, which came out at 8:30AM ET, was the Chicago Business Barometer (formerly known as the Chicago PMI) at 9:45AM. The reading for the business index was a blow-out, soaring in December to 68.6 from 62.5. That’s the highest reading in 22 years and bodes well for the upcoming ISM Manufacturing and Services PMI reports next week. It was a much stronger than expected reading. Forecasts had called for a small …
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MissionIR News – Uranium Energy Updates Investor Community on Permitting Status of Goliad, Burke Hollow, and Channen Projects
Atlanta, GA (PRWEB) May 21, 2012
MissionIR would like to highlight Uranium Energy Corp., a publicly traded uranium production, development and exploration company operating North Americas newest emerging uranium mine. The companys fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of mine construction. The companys operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
In the companys news today,
Uranium Energy provided a progress report on its permits. The company reported recent correspondence whereby the regional EPA requested additional information from the Texas Commission on Environmental Quality (the TCEQ) regarding UECs aquifer exemption at its Goliad in-situ recovery (ISR) uranium project located in Goliad County in South Texas.
The company has received all of the required permits to begin construction at the Goliad ISR project. As previously announced, an aquifer exemption is required before uranium recovery activities can be initiated. Aquifer exemptions are issued jointly by the regional EPA and the State (TCEQ). TCEQ has earlier granted the Goliad project aquifer exemption, and has filed a request for EPAs concurrence. With the regional EPAs concurrence, UEC can initiate uranium recovery operations at the site.
In past reviews of aquifer exemptions, the EPA has made requests for additional information as part of its ordinary review process, and, as noted in its letter to the TCEQ, has issued more than 30 aquifer exemptions for in-situ uranium mining in Texas. The company will continue to work with the TCEQ and the EPA as the review process moves forward.
The company was also pleased to report receipt last week of the exploration permit for the new Burke Hollow project in Bee County. Exploration drilling, scheduled to commence this week, will extend and delineate mineralized zones discovered from historical drilling by a subsidiary of Total Minerals in 1993. The drilling program will also include a statistical grid covering the entire 17,510-acre property.
By about this time next month, UEC also anticipates receipt of the exploration permit for the companys newest project in South Texas, the Channen ISR project in Goliad County, with initial drilling to commence by the end of June. The drill program will initially consist of a statistical grid covering the entire 10,704-acre property.
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Kevin Faulconer talks San Diego pension reform with Fox News
Kevin Faulconer joins Fox & Friends co-host Eric Bolling to discuss the San Diego Comprehensive Pension Reform citizen’s initiative. The groundbreaking measure, which Faulconer co-authored, would end the City of San Diego’s controversial and underfunded pension system in its current form, reforming all City employee pensions and creating a fair, sustainable 401k-style retirement plan for new hires. The measure is expected to save up to billion that the City can reinvest in neighborhood services such as street repair, library operation, park maintenance and public safety. The initiative will appear on the June 5, 2012 ballot in the City of San Diego. More information: www.realpensionreform.com Aired Thursday, February 16, 2012 at 8 AM EST (5:45 AM PST).
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Drop in weekly jobless claims is bright news ahead of April unemployment report – Washington Post
 CBC.ca |
Drop in weekly jobless claims is bright news ahead of April unemployment report
Washington Post “If sustained, today's better-than-expected jobless claims suggest hiring may be gaining steam after a recent slowdown,” said Joe Manimbo, senior market analyst at Western Union Business Solutions. Manimbo said the report, coupled with a recent one … Jobless Claims in US Decline More Than Forecast US jobless claims tumble, service sector slows US Jobless Claims Fall To 365000 |
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Jobless Claims in U.S. Decrease to Lowest Level in a Month
San Francisco Chronicle Jobless claims fell by 27000 to 365000 in the week ended April 28, a one-month low, from a revised 392000 the prior period, Labor Department figures showed today in Washington. The median forecast of 46 economists surveyed by Bloomberg News called for … |
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Tags: Ahead, April, Bright, Claims, drop, Jobless, News, post, Report, unemployment, Washington, weekly | 
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Good news in bad economic news
Dr. Jim Denison, president of the Denison Forum on Truth and Culture, speaks spiritual truth to the issues of our day. Each weekday morning, he produces a short video on the day’s news. To learn more and see other resources, visit www.denisonforum.org. To read the most recent cultural commentaries: www.denisonforum.org Facebook: www.facebook.com Twitter: twitter.com
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President Obama News Conference
The President holds a news conference at the White House to answer questions about his vision for the nation’s economy and other topics. September 10, 2010.
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President Obama News Conference
The President holds a news conference at the White House to answer questions about his vision for the nation’s economy and other topics. September 10, 2010.
Video Rating: 3 / 5
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Paulson’s Trillions, TSA Whistleblower, 103 Yr Old Almost Evicted & More: Nightly News
On the economic front, former Treasury Secretary and former Goldman Sachs executive Hank Paulson came under fire after it was revealed that he had private meetings in 2008 with hedge funds where he reportedly hinted at a rescue of Fannie and Freddie. Whatever the facts prove to be in this specific case, it is all too clear that the concept of conflict of interests has little foothold in the incestuous crony-capitalist relationship between Wall Street and Washington. Meanwhile a notary set to be sentenced in a systematic foreclosure fraud case in Nevada was found dead. Despite the wider implications, authorities have disclosed that they are not investigating the death as a homicide. Tracy Lawrence, the notary, had pleaded guilty to a misdemeanor charge and faced up to one year in prison. Movers and Sheriff’s deputies in Atlanta, Georgia refused to evict a 103 year-old woman battling Deutsche Bank (serviced in turn by Chase) in court. After massive media attention and the honorable humanitarian refusal on the part of movers and deputies, the bank has reportedly backed off of the eviction as well. In other news, Queen Elizabeth II has threatened to deduct wages if members of her staff join the nationwide strikes taking place in the UK. Unions have urged these workers to walk out and join demonstrations over lost pensions and more. The Transportation Security Administration (TSA) has fallen into yet another scandal, this time accused of covering-up a sexual harassment case …
Video Rating: 4 / 5
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Kelvin Thomson MP: Melbourne Urban Sprawl ABC News Report 17/10/09
Kelvin Thomson, Member for Wills, told the Victorian National Parks Association Grassland Community Day that the Urban Growth Boundary extension proposal represents a further breach into Melbournes promised Green Wedges. The extension of the growth zone means that the sacrificing of inner suburban quality of life has been in vain. We are cramping in the inner suburbs and we have urban sprawl as well. We will have more communities isolated from reliable transport services and highly car dependent, as well as clogged congested inner suburbs streets. Like a man rapidly gaining weight who simply loosens his belt rather than confront his weight problem, Melbourne needs to ask itself, is a population of 5 million really going to give us a better city than one of 4 million?
Video Rating: 5 / 5
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The Story Behind the Recent Jobless Claims – U.S. News & World Report (blog)
 Bloomberg |
The Story Behind the Recent Jobless Claims
U.S. News & World Report (blog) While initial weekly jobless claims fell last week by 2000, the total number of claims was still well above what economists were hoping for. The upward spike in jobless claims, to 386000, stands in stark contrast to the 369000 at the time of the March … More Americans Than Projected Filed Jobless Claims Last Week Vital Signs: Jobless Claims Trending Higher Jobless claims suggest stumbling labor recovery |
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FX Math: Trading The Weekly Jobless Claims Numbers
Wall Street Journal (blog) When the weekly jobless claims report falls short of forecasts, the Australian dollar has weakened. When the data top forecasts, the currency barely moves. Bottom line: being short the Australian dollar ahead of the weekly claims report is at worse an … |
 CBS News |
OIL FUTURES: Crude Near Flat After US Jobless Claims
NASDAQ Broader markets were also pushed lower following the report on jobless claims. Dow Jones Industrial Average futures fell 21 points to 13019. Front-month May reformulated gasoline blendstock, or RBOB, recently traded 2.24 cents higher at $ 3.1781 a … Oil rises on US housing data, Fed optimism Oil Climbs on Home Data, Fed Vow NYMEX-Crude ends up as home sales data fuels optimism |