18 October, 2014 by The TZ Newswire Staff Comments Off on Consumer Discretionary ETF: No. 9 Select Sector SPDR Over 2014’s First 9 Months
Consumer Discretionary ETF: No. 9 Select Sector SPDR Over 2014’s First 9 Months
By J.J. McGrath:
The Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLY) in the first three quarters of this year ranked No. 9 by returns among the Select Sector SPDRs splitting the S&P 500 into nine segments. On an adjusted closing daily share-price basis, XLY inched up to $66.69 from $66.59, an increase of $0.50, or 0.76 percent.
18 October, 2014 by The TZ Newswire Staff Comments Off on Wealth Inequality Is Not A Problem, It’s A Symptom
Wealth Inequality Is Not A Problem, It’s A Symptom
From Raúl Ilargi Meijer of The Automatic Earth
Wealth Inequality Is Not A Problem, It’s A Symptom
A comment on an article that comments on a book. I don’t think either provides, for the topic they deal with, the depth it needs and deserves. Not so much a criticism, more a ‘look further, keep digging, and ye shall find more’. And since the topic in question is perhaps the most defining one of our day and age, it seems worth it to me to try and explain.
18 October, 2014 by The TZ Newswire Staff Comments Off on Reading The Road Map To A Police State
Reading The Road Map To A Police State
Submitted by Aaron Tao via Ludwig von Mises Institute,
Rise of the Warrior Cop: The Militarization of America’s Police Forces, by Radley Balko, PublicAffairs, 2013
“There is no crueler tyranny than that which is perpetuated under the shield of law and in the name of justice.” —Charles de Montesquieu
18 October, 2014 by The TZ Newswire Staff Comments Off on Why Abenomics Failed: There Was A "Blind Spot From The Outset", Goldman Apologizes
Why Abenomics Failed: There Was A "Blind Spot From The Outset", Goldman Apologizes
Ever since Abenomics was announced in late 2012, we have explained very clearly (for example here, here, here, h
18 October, 2014 by The TZ Newswire Staff Comments Off on Companies look for more fairness as China eyes legal reforms at key meeting
Companies look for more fairness as China eyes legal reforms at key meeting
China is set to unveil key legal reforms this week that will try to limit the influence local officials have on court cases, a move being closely watched by company executives who hope it will make the legal system more impartial. The announcement is expected at the end of an Oct. 20-23 meeting of the ruling Communist Party elite, which has made the “rule of law” the theme of the gathering. The meeting, called a plenum, comes at a time when slowing economic growth in the world’s second-largest economy is raising the prospect of more commercial disputes.
18 October, 2014 by The TZ Newswire Staff Comments Off on Tesco accounting black hole to be less than originally stated: Sky
Tesco accounting black hole to be less than originally stated: Sky
The world’s third largest retailer, Tesco, will state next week that it overestimated earnings by less than the 250 million pounds which it previously announced, Sky news reported on Saturday, citing an unnamed banking source. Tesco was not immediately available for comment when contacted by Reuters on Saturday. Over the last year Tesco’s big out-of-town stores have lost favor as shoppers buy more produce locally and online, while discounters Aldi and Lidl and upmarket chains Waitrose and Marks & Spencer squeeze the middle ground.
18 October, 2014 by The TZ Newswire Staff Comments Off on Mind "The Asian Dollar Short" – Another Ticking Time Bomb Gifted By The Central Banks
Mind "The Asian Dollar Short" – Another Ticking Time Bomb Gifted By The Central Banks
Submitted by Jeffrey Snider of Alhambra Partners via Contra Corner blog,