California Refiners Ration Gasoline as Prices Near Record
By Lynn Doan – Friday, Oct 5, 2012
“We’re really sort of shell-shocked,” said Tom Robinson, president of Santa Clara, California-based Robinson Oil Corp., which operates 34 Rotten Robbie convenience stores. “If you’ve been in California long enough, you know how volatile our market can be. But to see prices go up $1 a gallon since Monday -- I’ve never seen that before.”
http://www.firstenercastfinancial.com/n ... ear-record
Calif. gas prices equal all-time high
By GILLIAN FLACCUS | Associated Press, 10/6/2012
LOS ANGELES (AP) — Saturday's price, the highest in the nation, equaled the record average high for California set in June 2008 of $4.61.
http://news.yahoo.com/calif-gas-prices- ... 15507.html
Draghi helps out Obama campaign
By Robin Harding in Washington September 6, 2012
Barack Obama’s chances of re-election as US president rose on Thursday and the words that did it were not his but Mario Draghi’s.
Long before Mr Obama stood up to accept the Democratic nomination in Charlotte, North Carolina, the head of the European Central Bank had sketched out a new plan to buy the bonds of troubled eurozone countries.
That will not move the polls; it will not move a single vote. But Mr Draghi has lowered the gravest of risks to Mr Obama: a pre-election meltdown in the eurozone that would have blown up banks, pulverised Wall Street, and routed a fragile US economy back into recession.
If that happened, it would not be Mr Obama’s fault, but he would get the blame. Just as the failure of Lehman Brothers doomed his rival John McCain in 2008, a eurozone implosion would create economic odds too great for Mr Obama to surmount.
http://www.ft.com/intl/cms/s/0/bc1cf132 ... z261Uy9nmA
Fed risks political fallout from QE3
By Robin Harding and James Politi in Washington September 14, 2012
Mitt Romney, the Republican candidate, duly opened fire on Friday after the Fed began an open-ended third round of quantitative easing (QE3), under which it will buy $40bn of mortgage-backed securities a month.
http://www.ft.com/intl/cms/s/0/b7de9070 ... z26Vualgix
Marc Faber: Fed's QE forever is ludicrous; no country has become rich from consumption
Source: BI-ME , Author: Constantine Gardner Fri September 14, 2012
"Asset prices will go up and the money will flow to the Mayfair Economy," he said, defining the latter as an "economy of the rich people whose assets prices go up and whose net worth increases" without any trickle down benefit to the real economy.
What you have is a small economy that is booming and the majority of the economy is being damaged by QE, Faber explains.
Faber sees the Fed's monetary policies over the last 15 years as mainly responsible for the various asset bubbles (Nasdaq, real estate etc...) leading to the subprime crisis in 2007. "The money printers and the neo-Keynesians interventionists are responsible for the crisis, reckons Faber, and people should know this."
Dr Bernanke's attempt to boost growth and reduce unemployment will end up, according to Dr. Faber, in a fiscal Grand Canyon with never ending deficits, the majority of the economy being damaged, the man in the street facing higher prices and losing his job.
http://www.bi-me.com/main.php?id=59324& ... cg=4&mset=
What Does an 8.3 Percent Unemployment Rate Mean for the Election?
By: Jon King | August 5, 2012
Many pundits (including this one) have made the point that if the unemployment rate is at 8% or higher that the president will have an uphill battle to win the election.
The reason why 8% is such a hurdle is that no modern president has ever won re-election when unemployment was over 8%. Actually, if one wants to take an even more skeptical view, they could say that no president since Roosevelt has won re-election with unemployment over 7.2%.
http://newstalkkgvo.com/what-does-8-3-u ... -election/
Fact Check: Labor Secretary Solis Misleads on Jobs Revisions
by Joel B. Pollak 5 Oct 2012
Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.
The BLS reported that while only 114,000 jobs were created in September--which would have translated into a rise in unemployment from 8.1% to 8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is the fastest in nearly three decades, and was unexpected even in the rosiest predictions.
One reason for the rise was an upward revision of 86,000 to the July and August jobs numbers--all of which came from a 91,000 increase in the estimate of public sector jobs. Private sector job estimates were actually revised downward by 5,000.
In addition, the BLS reported a large rise in the number of part-time jobs, adding 600,000 jobs to the total--a dramatic increase of 7.5%, not explained by any other economic indicators--and raising questions about whether the government had changed the way it counted part-time workers.
http://www.breitbart.com/Big-Government ... Questioned
So this year we saw the last crazy before Robert Mueller’s leaving. The big plot – North Korea nuclear war crisis, the bird flu in China, Boston bombing. It ended with Snowden’s case in June.September should be the last month for Robert Mueller in his FBI office. (Sep. 2001 – Sep. 2011) His term has been extended for two more years. He has to finish Kat Sung before he leaves the office. (#694)
Embassies to close in Muslim world this Sunday
The Associated Press Aug 2, 2013
"Current information suggests that al-Qaeda and affiliated organizations continue to plan terrorist attacks both in the region and beyond, and that they may focus efforts to conduct attacks in the period between now and the end of August," the statement said.
http://www.cbc.ca/news/politics/story/2 ... rning.html
Mueller stepped down on September 4, 2013, and was replaced by James Comey.
Bernanke blasted after surprise no-taper decision
Many blamed Bernanke and fellow members of the Federal Open Market Committee (FOMC) for having since May repeatedly suggested a September taper of the quantitative easing (QE) program.
http://news.yahoo.com/bernanke-blasted- ... 56277.html
Oil falls as US shows signs of patchy growth
PAMELA SAMPSON 9/26/2013
BANGKOK (AP) — Oil prices fell again Thursday amid worries about the U.S. economy and signs of a slowdown in demand.
http://news.yahoo.com/oil-falls-us-show ... nance.html
In Autumn, a gas price fall
Per-gallon fuel costs expected to drop 40 to 45 cents by Halloween
By Gary Richards Mercury News 9/22/2013