Based on his opinion of the state of the Obama adminsitration, fmr. NYT Executive Editor Bill Keller needs someone to fill in some blanks, primarily between his ea...
Almost two weeks ago, I noted that the New York Times seemed shocked, shocked that Sarah Palin had suddenly turned into an anti-establishment conservative populist in a Labor Day weekend speech in Iowa. The Gray Lady wasn’t the only media outlet who missed, well, almost all of Palin’s political career. Salon’s Justin Elliott was so stunned...
Two new pieces of the puzzle here, one published 10 days ago and the other just this afternoon. We already knew that Border Patrol agent Brian Terry was murdered in December with two AK-47s sold by the ATF through the F&F operation. That’s what broke the scandal open, of course — American law enforcement gunned down with weapons ingeniously...
He’s got a deficit-reduction package that can’t clear the House, thanks to massive new tax hikes that everyone knows are a deal-killer. He has a jobs package that can’t clear the Senate. What’s a President to do? Threaten a ve...
The vote’s on Friday. Hillary, Tony Blair, and other diplomats have been frantically negotiating with them for the past week to get them to reconsider — but so far, Abbas won’t bend. Gosh, I wonder w...
A good poll for Romney, a mediocre one for Perry, and pure devastation for Bachmann. She was at 13 percent in early August, shortly before Perry jumped in, and 10 percent in late August. Now she’s tied with Cain and Gingrich for fourth place, a good eight points behind, um, Ron Paul. Game ov...
A good poll for Romney, a mediocre one for Perry, and pure devastation for Bachmann. She was at 13 percent in early August, shortly before Perry jumped in, and 10 percent in late August. Now she’s tied with Cain and Gingrich for fourth place, a good eight points behind, um, Ron Paul. Game ov...
The Great Britain pound posted the fourth straight weekly decline against the US dollar and the Japanese yen as the fundamental data signaled that the nation’s economy is stagnating, prompting the speculation the UK central bank will be required to embark on a quantitative easi...
The Canadian dollar jumped today, reaching the highest level in two weeks against its US counterpart and the Japanese yen, as foreign investors bought more Canadian securities than was predict...
The Australian dollar advanced today against the US dollar and the euro as the Asian stocks climbed, but the currency is still heading to a weekly decline as concerns about the European economy sapped appeal of higher-yielding currenci...
The South African rand dropped today as the optimism about the European banking system quickly waned, spurring investors to draw money out of riskier asse...
The US dollar fluctuated as the mixed fundamental data left Forex traders uncertain will the US economy face recovery or recession. The currency was falling yesterday, but at the start of today’s trading session the dollar rebound...
The Swiss franc rose today even after the Swiss National Bank left the benchmark interest rate at zero at pledged to maintain the peg of the nation’s currency to the eu...
The Russian ruble climbed today, rebounding from the lowest level in eight months against the US dollar, as crude oil gained and the European Central Bank announced its plans to boost liquidity, bolstering risk appeti...
The South African rand strengthened today as the European Central Bank announced it’s planning to lend dollar to the European bank in an effort to support the European banking system and to boost liquidi...
The Canadian dollar fell today, trading within one cent of parity with the US dollar, as copper and crude oil prices declined on the signs the global economic recovery is falteri...
The US dollar was performing terribly this week against both commodity and safe currencies among signs of economic growth and on speculation that the Federal Reserve will lag with an increase of the interest rates.The bad performance of the US currency against its safe-haven counterparts was expected, but the drop versus currencies linked...
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A little more than two years ago, the Icelandic Kronur was one of the hottest currencies in the world. Thanks to a benchmark interest rate of 18%, the Kronur had particular appeal for carry traders, who worried not about the inherent risks of such a strategy. Shortly thereafter, the Kronur (as well as Iceland’s economy and banking...
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Over the last year and increasingly over the last few months, Central Banks around the world have taken center stage in currency markets. First, came the ignition of the currency war and the consequent volley of forex interventions. Then came the prospect of monetary tightening and the unwinding of quantitative easing measures. ...
Over the last three months, the Euro has appreciated 10% against the Dollar and by smaller margins against a handful of other currencies. Over the last twelve months, that figure is closer to 20%. That’s in spite of anemic Eurozone GDP growth, serious fiscal issues, the increasing likelihood of one or more sovereign debt defaults,...