Jones, Bibb, North Metro Gwinnett, North Fulton, Houston, A Cat. Six Fail Storm by Soylent Green is People From the FDIC: State Bank and Trust Company, Pinehurst, Georgia, Assumes All of the Deposits of the Six Bank Subsidiaries of Security Bank Corporation, Macon, Georgia The six bank subsidiaries of Security Bank Corporation, Macon, Georgia, were closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

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Bank Failures 59 through 64: Six Bank Subsidiaries of Security Bank Corporation, Macon, Georgia

Exchange-traded funds (ETFs) that use leverage or perform inversely (opposite) to an index or benchmark they track are growing in number and popularity. The controversy and danger surrounding these products was featured in recent articles in the Wall Street Journal (“FINRA Urges Caution on Leveraged Funds,” by Daisy Maxey), and InvestmentNews (“Leveraged ETFs: Handle with care”), and in Regulatory Notice 09-31 published by the Financial Industry Regulatory Authority (FINRA).

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Leveraged and Inverse Exchange-Traded Funds (ETFs) Are Dangerous to Investors Financial Health

The NSW Government’s decision to consolidate 160 of its agencies into 13 super-departments has not spooked the departments from one cluster, according to their chief information officers. (Merge image by scazon , CC2.0 ) The unconcerned cluster, Human Services, will be formed by rolling together the Departments of Community Services (DoCS); Ageing, Disability and Home Care (DADHC); Housing; Juvenile Justice; and Aboriginal affairs into one unit.

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NSW human services CIOs stand firm

Just last week, I was moaning and groaning like a whiny little so and so that SSD hard disks were too expensive. “If Intel brought down its prices by half,” I complained, “I’d have to say I would seriously look at buying one of its top of the line SSDs, but that’s unlikely to happen.” Little did I know that my wish would be granted, and in spectacular style. Just five days later, on Wednesday this week, Intel issued a press release noting it would shortly start selling what it said were the industry’s first 35 nanometre SSDs, simultaneously lowering prices “by up to 60 per cent”.

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Blog: I’m taking all the SSD credit

The corporate media – after ignoring the fact that high frequency trading skews the market – is now starting to spotlight it. Bloomberg interviewed the former head of Nasdaq, who says that high frequency traders account for 73% of the volume on the stock market, and skews the market when it gets out of balance. The New York Times hits the issue pretty strongly, writing: Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed

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Corporate Media Spotlights Distortion of Market by High Frequency Trading

The National Broadband Network fibre request for tender issued last week by Tasmanian state-owned energy company Aurora is for an estimated $3 million purchase, new tender documents revealed this week. In an addendum to the RFT in which Aurora had answered potential bidders’ questions about the work, the question was asked: “Estimated budget for this purchase?” The answer given by Aurora: “Estimated at AU$3.0m”. In an interview with ZDNet.com.au published this week Tasmanian Premier David Bartlett said the tender released was for “thousands of kilometres” of fibre

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Tassie NBN fibre tender worth $3 million

The good Backlit keyboard Multi-touch touchpad Excellent design The bad Multi-touch pad still needs some work Design Coated in piano black, with extremely deep set, blue reflective particles and with trims of silver, the new Asus U series manages to evoke a sensation of stylishness right out of the box. Opening to the inside, you’d swear you were presented with the PC equivalent of the MacBook. Chiclet-style keys, a backlit keyboard and a multi-touch touchpad with lights that follow the touch of your finger are the orders of the day.

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Review: Asus U80V

Former Telstra boss Ziggy Switkowski has taken aim at his recently departed successor, saying Sol Trujillo had managed to make enemies of both the Howard and Rudd governments. But Switkowski is confident new CEO David Thodey is taking the right path in restoring the telco’s relationship with government. Switkowski, who headed Telstra for six years up until Mr Trujillo took over in 2005, said the American’s strategy was never going to work.

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Switkowski slams Trujillo’s adversarial approach

From Jonathan Weil at Bloomberg: Accountants Gain Courage to Stand Up to Bankers (ht James, Michael) The scope of the FASB’s initiative, which has received almost no attention in the press, is massive. All financial assets would have to be recorded at fair value on the balance sheet each quarter, under the board’s tentative plan. This would mean an end to asset classifications such as held for investment, held to maturity and held for sale, along with their differing balance-sheet treatments.

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Bloomberg’s Weil on Proposed New FASB Mark-to-Market Initiative

The NAR reports: Existing-Home Sales Up Again Existing-home sales – including single-family, townhomes, condominiums and co-ops – increased 3.6 percent to a seasonally adjusted annual rate of 4.89 million units in June from a downwardly revised pace of 4.72 million in May, but are 0.2 percent lower than the 4.90 million-unit level in June 2008. … Total housing inventory at the end of June fell 0.7 percent to 3.82 million existing homes available for sale, which represents a 9.4-month supply at the current sales pace, down from a 9.8-month supply in May.

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Existing Home Sales increase in June

If you’re new here, you may want to subscribe to our RSS feed or daily email newsletter. | Sourced From Stockhouse.com |Proposed “green” protectionism is drawing the ire of nations all over the world[Editor’s note: the following article first appeared on the website Bullion Bulls Canada on July 5.]With the United States being the last major nation to accept global warming as a genuine threat to our species, it is hardly surprising that its proposed “green” protectionism is drawing the ire of

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Carbon-tax “protectionism” to start global trade war?

In today’s Twisted Wire, Tasmanian Premier David Bartlett explains his vision for a broadband enabled Tasmania, that will “leapfrog every other nation on earth”. On this week’s podcast you’ll hear: Tasmanian Premier David Bartlett General manager Telecoms for Basslink, Michael Coates iiNet chief regulatory officer Steve Dalby Former Neighbourhood Cable CTO Garth Freeman He says his government’s foresight in keeping electricity in state hands provides the access to the infrastructure to make this possible, and that’s why Tasmania is first cab off the rank with the new NBN

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Blog: Tasmanian Premier Bartlett talks NBN

by Andrew Gavin Marshall Featured WriterDandelion Salad July 22, 2009IntroductionHumanity is on the verge of entering into the most tumultuous period in our history. The prospects of a global depression, the likes of which have never been seen before; a truly global war, on a scale never before imagined; and societal collapse, for which nations of the world are building totalitarian police states to control populations; are increasing by the day.

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Global Power and Global Government: Evolution and Revolution of the Central Banking System, Part 1 by Andrew Gavin Marshall

Mundet announces the first winner of its national Centenario promotion — Julissa from Calexico, California. This contest commemorates the 100+- year heritage of Mundet, offering exciting prizes under special gold bottlecaps that can be found on Mundet Manzana Verde (Green Apple) and Sidral (Original Red Apple) Mundet bottles. Mundet, the delicious apple-based soft drink which has been a part of the Mexican heritage since the early 20th century, is celebrating its 100+-year heritage with an ex

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Mundet, the Wonderful Apple Soft Drink, Announces the First Winner of Its Centenario Promotion

On July 21, 2009, the Securities and Exchange Commission (“SEC”) filed a Complaint against Morgan Keegan & Company, Inc. in the United States District Court for the Northern District of Georgia for misleading investors about the liquidity risks of auction rate securities that it sold. Morgan Keegan sold approximately $925 million of auction rate securities between November 1, 2007 and March 20, 2008 after it knew the market for such securities was deteriorating and it had decided to stop supporting the market, according to the SEC.

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SEC Charges Morgan Keegan with Fraud in the Sale of Auction Rate Securities

In 1933, the American advertising industry proudly and publicly boasted that Hitler was copying their American propaganda techniques. After Hitler and Goebbels gave a bad name to propaganda, Freud’s nephew – psychologist Edward Bernays – simply re-branded propaganda as “public relations” and “professional journalism”. As veteran reporter John Pilger writes : Bernays, described as the father of the media age, was the nephew of Sigmund Freud

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In 1933, the American Press Was Proud that Hitler Adopted Its Propaganda Methods. Nothing Has Changed.

Part 1 By Andrew Gavin Marshall Global Research | Humanity is on the verge of entering into the most tumultuous period in our history. The prospects of a global depression, the likes of which have never been seen before; a truly global war, on a scale never before imagined; and societal collapse, for which nations of the world are building totalitarian police states to control populations; are increasing by the day. The major global trend forecasters are sounding the alarms on econo

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Global Power and Global Government: Evolution and Revolution of the Central Banking System

Nock was an individualist, writes Frank Chodorov, and he got that way not as the result of study but by force of temperament. As he would put it, the “furniture” of his mind was so arranged because no other arrangement would fit his mind. A man thinks what he is, Nock would say, and no amount of education can make him think otherwise; the only function that education can perform is to give him the tools with which to bring out of him what “he already knows!” He would have no truck with the doctrine of environmentalism, which he described as a false god set up by self-appointed and self-centered priests

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Gentle Nock at Our Door

Who could possibly claim that buying up drivable used cars at prices far in excess of their market value, for the express purpose of destroying them, will be beneficial for the economy or the planet? You guessed it: a combination of economy-saving politicians and earth-saving green activists are peddling the wonders of a new government program popularly known as “Cash for Clunkers.” The Consumer Assistance Recycle and Save Act of 2009 has the two ostensible goals of jump-starting the stalled automobile industry and combating global warming (or climate change, or whatever they’re calling it these days) by replacing old, gas-guzzling smog machines with new, more fuel-efficient, cleaner cars

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Green Baptists Preach Salvation by Breaking Car Windows

21 July, 2009 — The Wolf Report: Nonconfidential analysis for the anti-investor1. DragonFaced with the dramatic decline in direct foreign investment [26% Jan-Feb 09 vs Jan-Feb 08], declining exports [-21% Jan-Feb 09 vs Jan-Feb 08], declining profits [as much as -50% in shipping and containerization], China announced a stimulus program of some 4000 billion yuan aimed at creating a domestic market capable of absorbing and reproducing surplus accumulation at a profitability sufficient to … well, to

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The Wolf Report: China, Paper, Scissors, Tiger, Dragon By S. Artesian

Trade finance is the method importers and exporters of commodities and goods use to finance their business. Basically, trade finance has been in existence for many thousands of years – and one can trace the roots of trade finance and structured trade finance right back to the early days of China and the silk route, Mesopotamia and Europe.

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Importance of Trade Finance & Structured Trade Finance for Importers and Exporters of Commodities?

The Herald Tribune has a series of article on mortgage fraud in Florida (ht Ed) Here are the first three in the series: ‘Flip that house’ fraud cost billions Fraudulent property flipping ran rampant during this decade’s housing boom, with $10 billion in suspicious deals in Florida alone, a Herald-Tribune investigation has found. The deals — many of them inflated sales among friends, family and business associates — drove up property values and tax bills during the boom, fed bank bailouts and failures after the boom, and fueled the foreclosure wave that has gutted property values

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Mortgage Fraud in Florida

If there’s anyone suited to ‘make accounting sexy’ its Francine, known for her trademark stilettos as she covers conferences in the legal, accounting and compliance community, including FEI’s Current Financial Reporting Issues conference … described the new email service to me yesterday as follows: “We’ve provided a menu of our most frequently requested categories of SEC Web site documents for investors, issuers, the securities industry, accountants , law firms and other …

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FEI Financial Reporting Blog: Accounting Gets Its Own Tabloid; SEC …

George Bush’s Sex Education Failure by Melissa McEwan – The Guardian (UK) / Common Dreams Teenage pregnancies and STDs in the US are on the rise again, thanks to George Bush’s abstinence-only obsession “The data presented in this report indicate that many young persons in the United States engage in sexual risk behaviour and experience negative reproductive health outcomes.” That is the very clinical and polite way a new Centre for Disease Control and Prevention reporton the rise. in

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Republican Politics: "The Key Is To Lie First"

Will Sugar Fundamentals remain in their current bullish trend? The world’s leading sugar traders, producers, consumers and fund managers will meet in Singapore to address this key question, and discuss current sugar prices, trends and market prospects at the 7th World SugarTrade Summit on September 29-30, 2009. Visit www.cmtevents.com for more information Singapore ( PRWEB ) July 21, 2009 — The 7th World SugarTrade Conference convenes in Singapore on September 29-30, 2009 to make sense of t

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7th World SugarTrade Meets in Singapore and Shares Groundbreaking Insights Set to Alter Direction of Global Sugar Marketplace