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Nadita File – 03/26/2014

 

Good evening everyone, thanks for watching Nadita File where the spin starts here :)

 

Breaking News : Chess reported it has been three days since the muslide hit Washington state.  It is confirmed 24 deaths and 176 people still missing including children and infants.  Rescue team will continue the search. 

 

Missing Airplane :  Zulumon reported a satellite captures images of 122 objects in Indian Ocean.. might be from missing plane.  Malaysia said it’s the most credible lead so far.  12 Planes, 2 ships from 6 countries are taking part in the search.  Chinese ships are expected to arrive and help with the search.  Boeing and Malaysia Airlines are facing potential lawsuit over flight 370.  It is rumored Chicago based law firm filed petition for discovery.  Rep. Pete King slams Malaysian govt for missing plane investigation, he felt the plane was gunned down as the route was changed and the plane went south, therefore they also should search Indonesia and look at Singapore flight information.  

 

Ukraine Crisis : Umbertino can’t believe Russia accuses Ukraine barring cabin crews of Aeroflot from leaving aircraft.  Russia says decision poses safety threat.  Little obe is in Brussels today trying to solidify broad-based support against Russia.  Little obe dismisses Russia as a “regional power”.  Senate set to vote today on sanctions against Russia and aid for Ukraine.  The house has already approved its version of the bill.  World Bank warns of risks for Russia’s economy.

 

SgtFuryUSCZ  heard secret service says 3 agents were sent home from Amsterdam for misconduct on Sunday.  Reports say one agent was found intoxicated at a hotel. 

 

Dow slipped 98 points on the slipping slope.  King Digital prices IPO at $22.50/share, values “Candy Crush” maker at $7 billion. They sold 22.5 million shares raising $500 million.  After opening, King Digital is the worst IPO debut in 2014, it’s currently trading lower than IPO price.  IPO expected this week : TWOU, HIVE, AGTC, BRG, CBS.  There are 54 IPOs so far in 2014, 13 are trading below their offer price.  7 are in the biotech/pharma space.  Neopolitan feels lucky not buying Nissan as it recalls over 1M+ vehicles for software issue which could prevent passenger airbag from deploying.  Various late model : Altima, Sentra, Leaf, Infinity models affected by recall.  Facebook’s Zuckerberg continues buying spree and this time he is buying virtual reality goggles maker Oculus for $2B in cash and stocks.  He says he doesn’t see facebook becoming a hardware company.   He feels Oculus has the chance to create the most social platform ever.  It could change the way we work, play and communicate.  Oculus raised more than $2.4 million in kickstarter campaign to fund development of its firt immersive gaming product, The Oculus Rift.  Ruport Murdoch appoints eldest son Lachlan as non exec co-chairman. 

 

Lady Grace’s daddy heard as obamacare rolls out, some people who have started process of enrolling in Obamacare will get more time to finish beyond March 31 deadline. Saint reported Fed will probably wait at least 6 months after QE ends to hike rates.  Bullard said unemployment expected to fall below 6% by year-end.  Chess  reported all America survey said only 28% of those without stocks think it’s a good time to invest.  54% of those with more than $50,000 in the market think it’s a good time to invest.  A majority believe people are poor because of circumstances outside their control.  Respondents were split on whether the wealthy have earned their riches. Overall support for raising the minimum wage is 63%, 70% believing it will raise prices and 45% thinking it will cost jobs. 56% said it would be ok to have a store that sells pot in their town.  48% would want it in their neighborhood, only 34% would invest in a pot business.

 

From dinar land : Vietnam1969 has his handful to handle alien’s attack to disrupt the upcoming elections.  Stealthwarrior is tightening up the border control while sandfly patrols the air of Baghdad. He stated that he is running out of patience with the aliens and planning to attack soon.  Waterman13 heard despite the good gesture from KRG regarding the oil export, the agreement has not been finalized yet.  Boosterbglee reported member of parliament said delay of budget approval will hurt Iraqi people and also will cause inflation and pressure on currency.  Iraq can’t run the country without an approved budget which is the first since 2003.  Most emergency funds are exhausted.   Again and again, parliament officials have been calling and pushing CBI to start the implementation of project zero and revaluation of dinar.  Calkid11 is not happy the parliament bans Al Iraqiya to broadcast live events of parliamentary sessions. Nothing surprises about lawrenceofdinaria who gets his hands on everything Iraq develops as he branches to handle projects of bridges and highways.  Genx4me is happy Iraq is opening its door for tourism especially in Ur region.  Thriver can’t believe Israel navy sinks suspected Gaza smugglers’ boats as Israel and Egypt imposed naval blockade on Gaza to prevent terrorism.

 

From rumor land :  Kaperoni believes the world bank is right when it’s stated GOI has interfered with revaluation of dinar.  Jester feels not too many pieces left to put in.  Millionday thinks Maliki gets a warning and stern, they must move forward and get the money rolling.  TerryK thinks rv is on the way.  Tim724 thinks Iraq is showing us their hand as far as currency reform within the framework of monetary reform.  Exogen thinks the rate on the bonds has been locked at CME at $3.71 for close to 2 weeks now.  The delays in Iraq are done in conjunction with the UST & IMF, but time is running out fast.

 

Pattyangel reported global arctic once again is sweeping through the east, bringing blizzard warning in effect for Massachussets and Main.  Cape Cod area could get 10 inches of snow and Eastern Maine up to 6 inches.  She thinks spring is still shy in some areas :)

 

The spin stops here J  send your comments to #naditafile,  Dinar Thug is next… Good night everyone :)

Edited by Nadita
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Nadita, as we all await for the RV your spins keep us very hopeful. Thank you . :bravo: :bravo:

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Doctor of Current Events:

 

You were up late again with "all the news that's fit to print." :reading-newspaper:

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What got to me was the cheap 5 thousand dollar pay out this airline wanted to pay for each passenger!

 

Sounds like a refund on the price of the ticket! LOL

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Nadita, as we all await for the RV your spins keep us very hopeful. Thank you . :bravo: :bravo:

Saint,

 

Good to see you.. I will spin you alright lol   Glad you like the spin.. 

Thanks for the "Spin"....Nadita, and thanks for the lol this morning...Thuggie!!!  :D

Boost,

 

Only Thuggie can do that lol

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Thanks Nadita, your posts keep us hanging in.   Can't wait for the next one to post. 


Nadita ----------------BTW--------------Welcome Back!!!!!!

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Thanks Nadita, I am holding up my Margarita and saying thanks for another great spin

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0,,16736911_303,00.jpg

 

Ouch!! And don't say that I'm a dummy.  :facepalm1:

Neo,

 

You might be no dummy but just double checking.. you sure it's not you..? :)

Thanks Nadita, your posts keep us hanging in.   Can't wait for the next one to post. 

Nadita ----------------BTW--------------Welcome Back!!!!!!

Thanks, Nam :)  glad I have been missed lol

Doctor of Current Events:

 

You were up late again with "all the news that's fit to print." :reading-newspaper:

Chess,

 

I was busy all day and had to finish it for ya :)

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    • By Nadita
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      Good evening everyone, thanks for watching Nadita File where the spin starts here
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      Rodandstaff takes a deep breath when he hears Pentagon confirms its attempt last month to free American hostage Luke Somers from Yemen failed because he was not present at the targeted location.  33 year old Somers is the only American among about a dozen hostages held by al qaeda’s Yemeni offshoot.  Al Qaeda released a video Wednesday showing Somers on camera for the first time and says he will be killed in three days unless Pres. Obama meets their demands.
       
      Genx4me says a prayer for Ibolya Ryan, 47 years old American teacher from Colorado that was stabbed to death by a woman in Abu Dhabi.  UAE police arrest a woman.  The suspect is also believed to have been plotting to bomb another American’s house.  Interior Minister Saif Bin Zayed Al Nahyani says the attacker targeted her victims based on their nationality in an attempt to create chaos and terrorize the country. 
       
      Pres. Putin is not a happy camper today during his speech to the nation.  He was defiant on his speech accusing the west meddling in Russian affair.  Putin promises amnesty for whomever bringing money back to Russia without questions asked how they get the money.  Ruble has lost 40% of its value in the last few months.
       
      Dow is down 12 points today. Gold closed at $1,203, silver at $16.47, copper at $2.91.  Crude oil – WTI closed at $66.56 and Brent at $69.29.  Natural gas at $3.67.  Is copper a good investment? copper is down 6% this month and rebounds from low.  Copper is used in many things.
       
      Pampers and plastic going different direction.  Credit Suisse upgraded pampers maker Procter & Gamble (PG) to buy with target price $120.  BMO downgrades Tupperware (TUP) to underperform with price target $63.  BOA also upgrades Regency Centers Corp (REG) to buy with new target price to $67 from $62.  Costco is up but Walmart got downgraded by UBS.
       
      Avago Technologies (AVGO)also gets a lift from Brean Capital to buy with price target at $122.
      Whereas Capital One initiates overweight for CSI Compressco (CCLP) with price target $30, the stock is trading at $20.92.
       
      Apple (AAPL) is on the rise as Piper Jaffray raised it to buy with new target price of $150.
      Hawaiian Electric (HE) sizzles at trading today, gaining 14%, closing at $32.22.
       
      Energy lagging today, weighing on Dow. Increase of production and soft demand make the oil price drop.  Exxon (XOM) and Chevron (CVX) didn’t slip and slide much at trading today.
       
      Despite income has not increased for middle class in 10 years, auto sales surged in November at 17.2M.  Are Americans levering themselves with 9 year loan, lower interest rates to 0% to 1.9% interest rate.  29% of auto sales is leasing.  Homes and cars are selling must be easy credits??
       
      Was Sony an easy target? Sony’s lack of security makes them easy target for hackers.
       
      ECB Draghi says risks to economic outlook on downside, forecasts suggest lower inflation.  2014 GDP growth forecasts cut to 0.8% outlook for modest recovery still in place.  He is looking at impact of oil on econ trends which forecasts 2015 GDP cut to 1%.
       
      World of ETFs : S&P500 is up 19%, Germany EWG is up 14% since its low last year.  Brazil EWZ up 3% from its low.  Russia RSX flat as economic headwinds brings Russian market near 52 week low, no upside momentum any sooner.  EEM is up 10%.
       
      From Dinar Land :  Sixty countries met in Brussels, Belgium to find ways to counteract ISIL.  In addition to military efforts the participants discussed ways to cut off financing and supporting those who are actually fighting ISIL on the ground such as Iraqi security forces, Kurdish peshmerga and Kurds in Syria as well as groups of rebels that collectively referred to as Free Syrian Army.  The meeting shows how dangerous ISIL can be with more groups in Syria, Egypt, Libya, Lebanon and other countries in Middle East pledged allegiance to caliph of Baghdadi which expanded from 7th through 10th centuries when Arab muslims were considered the strongest and most dominant in the world.  PM Abadi was one of the most dignitaries attending the conference.  He made an outstanding speech stating Iraq is determined on defeating terrorists and liberating all areas overrun by ISIL. 
       
      PM Abadi also met with Saudi Foreign Minister Saud al-Faisal in Brussels during the conference.  Both  pledged to improve their relationships and join efforts to defeat ISIL.  Faisal accepted an invitation to Baghdad.  Saudi Arabia has not have an ambassador in Baghdad since Saddam Hussein invaded Kuwait in 1990.
       
      In Anbar province a prominent tribal leader reported that Iraqi security forces backed by tribal fighters and airstrikes led by Sandfly attacked ISIL terrorist units in the Hit area putting to sleep at least 16 and wounding scores.  Among the dead  was an Egyptian leader within ISIL ranks.  Six vehicles and shelters were destroyed.  Wasit province said they arrested 73 suspected criminals who are sleeping cells.  Kurdish fighters in the embattled Kobani said they repelled two offensives by ISIL killing and wounding a significant number.
       
      The Ministry of Interior said it will publish the names of 26 officers relieved from their duty lately.  The statement stated the changes are not meant to punish anyone but rather to bring change and young blood to the ranks of leadership of the army and other posts.
       
      Iran is denying that it conducted airstrikes against ISIL in Iraq.  US said there is no coordination with Tehran to launch airstrikes and flight paths of the US led coalition so not to cross those Iranian warplanes.  Military analyst said Iran is keeping an eye on a 25 mile wide stretch along its border with Iraq and the airstrikes are limited to those areas.  They added the commanders in both camps are aware of the airstrikes and their timing in order not to cross path.  Iraq welcomes any country willing to join the fight against terrorists.  US said Iran should not further inflame sectarian tensions.
       
      The head of Nahrain Bank, Abdul Mohsen al-Munthiri said Iraq is fortunate enough to have several options when faced with challenging circumstances.  He projected Iraq will work on creating industries and agricultural projects in near future.  The private sector will play a major role in the next phases.  He concluded that all Iraqis have the responsibility and duty to help increase revenues.
       
      US Energy Information Admin said Iraq is seeking to increase its electric power generation to 27,000 megawatts by end 2015.  The current five year plan calls for budget $27B in power generation projects.  South Korean and Chinese companies are expected to lead in this field.
       
      Regional and international companies are watching the developments between GOI and KRG.  There is growing interest in investing and getting involved in Kurdistan projects.  There are plenty of infrastructure building projects that it needs especially with many displaced people will reside permanently in the region. 
       
      Financial experts in Iraq expect to see reductions in the budget that will affect every employee working in government institutions.  An employee at the ministry of construction and housing said her monthly salary was cut by $100, the deduction comes from bonuses not from basic salary.  Similar deductions are to be expected across the board.
       
      Lebanese authorities reported they detained the wife of the founder of ISIL and her son.  ISIL has twenty Lebanese security forces hostages, so the wife and her son may be used as a bargaining chip for their release. 
       
      Oil Minister Adel Abdul Mahdi declared a comprehensive deal has been reached between KRG and GOI.  KRG will give GOI control of 250,000 bpd and export 300,000 bpd through the Turkish Ceyhan pipeline and terminal.  In return, GOI will give KRG $13B per year in addition to an immediate $1B to pay salaries.  Abdul Mahdi said the deal proves that oil belongs to all Iraqis and will unite the country in their fight against the terrorists.  OPEC countries are nervous as some of them, just like Iraq depend largely on oil exports.  As oil prices continue to plunge, Iraq and OPEC are scrambling to generate income from other sources and tighten their expenses.  One expert who remains anonymous said this is a healthy wake up call forcing the bureaucrats to get off the behind.
       
      After a week full of diplomacy visits by Pope Frances and Pres. Putin.  Turkey finally agreed to let US and NATO countries to use its southern airbases to launch airstrikes against ISIL on condition US will establish safe zone in northern Syria bordering Turkey.
       
      French oil giant TOTAL said it has discovered new reserves of oil and gas near the city of Erbil in Kurdistan region.  This is a second discovery in the same area in two years. 
       
      As oil prices plunges, Iraqi officials are working hard to find ways to save money especially foreign currency.  Several ministries are getting rid of excessive red tape and streamlining their operations electronically.  Council of Ministers agree to cut minister’s salaries by 50% that applies to deputy ministers and other top officials.  This effort will not affect the poor and the  needy.
       
      From Rumor Land :  Backdoc is interested in December 12th as a day of completion concerning the laws in time for them to complete the budget and holiday.  TerryK thinks parliament is still in session.  Exogen says global banking and financial instruments are currently being calibrated.  Poppy3 says time will tell but it will not be long in his book. Shredd doesn’t know if CBI going with managed float or market driven float. Tim724 says banking laws will make all the difference for Iraq, to bring them in compliance with IMF and propel their economy using international standards of operations.  Angelquest thinks it’s done but not sure.  Millionday says they are amending the banking laws in a hurry and CBI is in the final stages.  Backdoc thinks Iraq needs to get international rate to recruit new business.
       
      The spin stops here  send your comments to #naditafile,  Dinar Thug is next, good night everyone
    • By Nadita
      Nadita File – 11/28/2014
       
      Good evening everyone, thanks for watching Nadita File where the spin starts here J
       
      Fighting ISIS : Thriver reported Austrian police arrest 13 people suspected of recruiting young people to fight with jihadist groups in Syria.  Arrest follow police raids on mosques, apartments and prayer rooms in Vienna and other major cities.  Austrian authorities investigating more than 150 people believed to have joined jihadist groups in Iraq and Syria.
       
      Other News : Watercop heard former RB Ray Rice wins appeal of indefinite suspension by the NFL, players’ union says.  Judge found that the NFL overstepped its authority in modifying Rice’s two game suspension after a video of him punching his then fiancée was made public.  Rice was released by the Ravens shortly after the video came out.
       
      A-J516 reported from Austin, TX that investigagors are examining motives of gunman who tried to set Mexican consulate on fire. Gunman fired more than 100 rounds at downtown buildings before he was killed.  Austin police official says it’s unclear whether the man took his own life or was shot by police.  Bomb squad determined that suspicious objects in the man’s car and on his body were not explosives.
       
      Obama admin is preparing to transfer more detainees from Gitmo in coming weeks, according to WSJ.  Transfers follow defense secy Chuck Hagel’s resignation announcement last week.  Hagel has reportedly been criticized by Obama admin officials for moving too slowly to certify detainees for release.  Pres. Obama announced before taking office that he’d close Gitmo.  Gitmo now holds some 140 detainees, down from nearly 250 when Pres. Obama took office.  At its post 9/11 peak Gitmo held 800 terror suspects.  Captl1 finally understood why Hagel was fired.
       
      Iran’s leader says it is America that will be the loser if talks on Iran’s nuclear program do not yield results.  Ayatollah Ali Khamenei said Thursday he approves of plan to extend deadline on talks to spring-summer 2015.  Khamenei also warning Israel, saying the country will be more insecure each day, regardless of the outcome of the talks.  US and other world power want Tehran to curtail its enrichment of uranium in exchange for an easing of economic sanctions.
       
      Umbertino reported live from Guinea as French Pres. Francois Hollande arriving in the Ebola stricken nation of Guinea, becoming the first western leader to visit a country at the center of the ongoing Ebola outbreak.  Hollande says France has a duty to support Guinea, a former French colony.  France has pledged $125M to fight the virus in Guinea, with plans to open several treatment facilities and mobile health clinics.  More than 1,200 people have died from Ebola in Guinea.
       
      Treasury Inspector General for Tax Admin (TIGTA) report finds IRS issued $70M in bogus refunds in 2012 to prisoners who filed phony tax refund claims.  Report found more than 137,000 phony returns were filed using prisoners social security number in 2012, compared to 37,000 in 2007.  TIGTA conducted review after reports showed IRS was not doing enough to crack down on fraud and provide updates to congress, as required by the inmate tax fraud prevention act of 2008.
       
      Cook county, IL sues WF accusing the largest US mortgage lender of targeting Chicago area black, Hispanic and female borrowers for decades, with predatory and discriminatory lending aimed at maximizing profit.  Lawsuit is the latest accusing major banks of biased mortgage lending.  Cook county says damages may total $300M or more.
       
      The bull stayed steady on the slippery slope and closing at 17,828.  S&P500 is down 5 points at 2,067 and Nasdaq gains 4 points at 4,791.  Gold closed at $1,175, silver at $15.55 and copper at $2.85.  Crude oil closed at $66.15
       
      Wiljor can’t believe oil prices drop to 4.5 year low in wake of decision by OPEC not to cut production. Brent crude fell to $70.15 a barrel on Friday, the lowest price since May 2010.  On Thursday, the 12 OPEC members decided to maintain production at 30M barrels per day.  As OPEC holds, prices fold in Exxon (XOM) dipped 4%, closing at $90.54 and Chevron (CVX) also lost 5.4%, closing at $108.87.
       
      Solar stocks slump as cheaper oil will taper demand for solar.  Solar plays in electricity affectged by price of coal and natural gas.  Solar stocks closing down big today : First Solar (FSLR), Sun Power (SPWR), Sunedison (SUNE), SolarCity (SCTY), Canadian Solar (CSIQ).  Petrobas (PBR) is down 8%, closing at $9.72.
       
      Boosterbglee is smiling as JetBlue (JBLU) rallied 7.5% today, closing at $14.63.  Walmart (WMT) leads Dow higher today, closing at $87.54, gaining 3%.
       
      Gymrat76541 feels lucky as Liberty Global (LBTYA) shares spike more than 7% , closed at $51.98 at the news of joint venture with Vodafone (VOD) closed at $36.55
       
      From Dinar Land : Chess reported fierce fighting between Iraqi security forces backed by tribal fighters and ISIL in Ramadi as ISIL tried to take control of government buildings which no avail.  Anbar has to be deliverated or at least neutralized because of its proximity to Baghdad and pose a threat to Diyala, Kirkud and Salahaddin provinces.  ISIL cut all cell communication networks in city and that communications will not be allowed to return for obvious reason that their communication will be picked up by US. 
       
      Sandly will begin training a group of 4,000 people comprising of Christians, Yazidis and other minorities expressed their desire to fight alongside the security forces and are waiting to be trained and armed.
       
      Calkid11 reported life from Sinjar that Canadian transport planes dropped Canadian and Australian relief supplies including drinking water, blankets and food rations on Mt. Sinjar where hundreds or may be thousands of Yazidis are still trapped.
       
      Genx4me attends the meeting with members of Human Rights Commission Salamah Khafaji said that political stability and outstanding policies of current government will prove to be the main factor in a military victory against ISIL.  She thanked US led coalition for their efforts in aiding Iraqis especially the displaced families.  She added Iraq needs to rebuild whatever was destroyed by the terrorists as soon as areas are liberated and secured.
       
      Drj was in the meeting with Minister of Oil Adel Abdul Mahdi’s comment mirrored Muna Al Ghourabi’s saying that Iraq must have a balanced strategy of promoting and creating industries and agricultural projects and that private sectors will play a major role in the development of Iraq’s industrial and agricultural projects. 
       
      Council of Ministers will submit a 108T Iraqi Dinars 2015 budget to the parliament as soon as the final touches are approved by the ministers.  House Speaker Jabouri said that House of Representatives expect the budget proposal to arrive on Saturday.
       
      Deputy of Minister of Housing and Construction said that they will build thousands of low cost housing units for the displaced, needy and families of fallen security forces members in Baghdad and other provinces.  The majority of these units will eventually be distributed for free, the rest will be on investment basis.
       
      The Chezh government offered to train Iraqi armed forces and supply the Kurdish peshmerga forces with advanced arms during a visit by Chezh Foreign Minister.  Chezh Ambassador to Iraq said his country and Czech companies are eager to get involved in Iraq’s rebuilding.
       
      French Ambassador also had a meeting with several Iraqi ministries to announce France and French companies are ready to participate in Iraq’s next phase of building.  The French expressed their interest to participate in several sectors including energy, telecommunications and heavy industries.
       
      From Rumor Land : Pepperoni on pizza thinks nothing is going to happen for the remainder of this year.  BGG says cabinet approves amendments to the draft 2015 budget.  Sounds like 2014and 2015 budgets are very close. WMAwhite in his opinion, feels everything is picking up speed.  Stryker believes Shabibi will see this through and has been communicating with the board of directors under an advisory position ever since he was accused.  Tman23 says KRG delegation led by Barzani along with their Finance Minister and Minister of Natural Resources will meet with PM Abadi, House Speaker Jabouri and Pres. Massoum on Sunday.
      The spin stops here J send your comments to #naditafile,  Dinar Thug is next, good night everyone J
       
    • By Nadita
      Nadita File – 11/26/2014
       
      Good evening everyone, thanks for watching Nadita File where the spin starts here J
       
      Fighting ISIS : A-J516 reported US military conducts ten airstrikes against ISIS in Syria since Monday.  Airstrikes near the strategic city of Kobani targeted ISIS fighting positions, tactical units and staging areas.  Separately, US and coalition partners led by Sandfly carried out seven airstrikes in Iraq that targeted ISIS vehicles, occupied buildings, fighting units and a checkpoint. 
       
      Chess heard Pres. Obama to hold talks at the White House next week with Jordan’s King Abdullah.  WH says the military campaign to counter ISIS in Iraq and Syria will top the agenda.  The leaders are also expected to discuss the ongoing civil war in Syria, which has led to a refugee crisis in neighboring Jordan. 
       
      Ferguson Crisis : Genx4me says a prayer for business owners and residents in Ferguson, MO boarding up windows and clearing debris after two nights of unrest following Monday’s grand jury decision not to indict officer Darren Wilson in the fatal shooting of 18 year old Michael Brown.  Authorities say there was relative calm in the St. Louis suburb Tuesday night.  Gov. Jay Nixon (D) crediting the ramped up presence and action of the Missouri National Guard.  Police say they made 58 arrests, mostly for failure to disperse, protesters set fire to a squad car and broke windows at city hall, according to authorities.  Meanwhile, Skrappyone heard protesters storm St. Louis City Hall on Wednesday, forcing police to lock down the building and call in reinforcements.  At least three people were arrested, including one on an assault charge.  The protesters were part of a group that marched and held a mock trail of Ferguson police officer Darren Wilson.
       
      Captl1 doesn’t feel good as he hears St. Louis county police say they are searching for an AR-15rifle stolen from one of the police cruisers set on fire during Monday night’s violence in Ferguson, MO.  Authorities say the high powered rifle is the only county police weapon taken in the disturbances.  Eleven police cars have been damaged or destroyed in the two nights of unrest in the St. Louis suburb. 
       
      Other News : Toyota Motor will recall 422,509 of its luxury brand Lexus vehicles in US to a possible fuel leak that increases the risk of fire.  The recall covers Lexus LS 2007-2010, Lexus GS and IS 2006-2011. Cynthia AH is going to take her car in.
       
      NHTSA demanding airbag maker Takata Corp. admit that its airbag inflators are defective and issue a nationwide recall by Tuesday.  In a letter to Takata, the NHTSA threatens the Japanese manufacturer with fines and legal action unless the company expands its recall from high humidity states to the entire country.  Takata maintains the airbag problems are caused by prolonged exposure to airborne moisture and that there is no need for a national recall.  Meanwhile, Boosterbglee reads safety regulators say at least two air bags have ruptures outside high humidity states.  Takata’s airbags have the potential to inflate with too much force, propelling metal shards into the passenger compartment.  The defective airbags have been blamed for at least five deaths and multiple injuries worldwide.
       
      Supreme Court Justice Ruth Bader Ginsburg undergoes heart procedure.  Court says the 81 year old justice had surgery Wed morning to place a stent in her right coronary artery.  The justice had some discomfort last night during routine exercise and was taken to the hospital.  She is expected to leave the hospital in the next 48 hours.
       
      Obama admin announces plans to cut levels of smog-forming pollution in the air.  EPA calling for a new, lower threshold for ground level ozone pollution of 65 to70 parts per billion.  Current standard of 75 parts per billion was put in place by Pres. Bush in 2008.  Health and environmental groups are backing the new standard, while industry groups say complying with stricter regulations would be too costly.
       
      People traveling ahead of Thanksgiving could face wintry weather, particularly in the NYC-Boston corridor.  National Weather Service says major northeast cities are likely to see moderate to heavy rain most of the day Wednesday, with a  threat of snow following.  Higher elevation areas west of the I-95 corridor could see as much as 6-12 inches before the northeastern exits Wednesday night. Winter storm causes hundreds of flights to be cancelled.
       
      Millionaire in training is taken a bit surprise as European Commission Pres announces $393B investment plan to stimulate the EU’s struggling economy.  Jean Claude Juncker says the five year plan would provide a kick start to the economy, with potential to create up to 1.3M new jobs.  Stimulus plan calls for a $26B loan fund for infrastructure projects across the continent.  Critic says the plan isn’t feasible, as the European Commission proposal calls for more than $300B in private investment. 
       
      Calkid11 gives two thumbs up for US special forces took part in a secret rescue to free eight hostages held by al qaeda fighters in Yemen.  The official said no Americans were among those rescued.  Yemeni officials says the OP took place I a vast al qaeda haven near the Saudi border.
       
      Uneek reported WHO says 600 new cases of Ebola were reported in West Africa this week, most of those in Sierra Leone.  WHO says infections appear to be stabilizing in Guinea and stabilizing or declining in Liberia but increasing in Sierra Leone. In all, WHO says 15,935 have been stricken with Ebola with 5,689 people dying.  Sierra Leone’s Minister of Information says the Ebola outbreak in the West African nation may have reached its peak and be close to slowing down.  Drj says the worst could be over with the imminent completion of two British built treatment centers.  However, WHO says infections are still increasing in Sierra Leone, which has more than 6,000 of Africa’s approx 15,000 reported cases. 
       
      Eburt smiles as he finds out smoking rate for adults in the US dipped below 18% for the first time last year, according to a government report.  CDC says 17.8% of adults described themselves as smokers, which translates to about 42M people nationwide.  Report released Wednesday finds smoking is more common among certain groups such as the poor, less educated, and gays and bisexuals.  Nation’s smoking rate had stalled at around 20-21%, until it started dropping a few years ago.
       
      Karsten can’t believe a rare wooly mammoth skeleton sells for nearly $300,000 at a British auction.  Auction House says the skeleton was one of the most complete examples of the ice age mammal.  The skeleton had been part of a private collection in eastern Europe. 
       
      Snowglobe heard Cleveland police say two officers told a 12 year old boy with a  pellet gun three times to show his hands before they opened fire, fatally wounding the boy.  Authorities released 911 audio recordings and a surveillance video of the incident, in which the two police officers were responding to a report of an armed man in a Cleveland Park.  Authorities say the officers shot 12 year old Tamir Rice after Rice reached into his waistband for what appeared to be a firearm.  Police have identified the officers involved in the shooting as 26 year old Timothy Loechmann and 46 year old Frank Garmback.  The incident is currently under investigation and the two officers involved have been placed on leave. 
       
      The bull climbed 12 points on the slippery slope to 17,827.  S&P500 gained 5 points to close at 2,072.  Nasdaq is also smiling today for gaining 29 points at trading today, closing at 4,787.  Gold closed at $1,190, silver at $16.29, copper at $2.97.  Crude oil closed at $72.82.
       
      Wiljor is doing happy dance as he finds out gas prices in some states are seeing $2.48/gallon.  America is producing 9M bpd.  It is estimated to produce 11M in 18 months.  Currently we are importing 2.9M from Saudi Arabia, lowest in 30 years. OPEC producers agree not to cut output.  The OPEC meeting will be one of its most crucial in recent years, with oil having tumbled to below $75 a barrel due to the US shale boom and slower economic growth in China and Europe. Could we see oil price at $65/barrel??
       
      Target and Walmart are downgraded.  United Technology (UTX) is upgraded by Wells Fargo, even after CEO Louis Chenevert is retiring which he holds the position as CEO for six years.  He will be replaced by Gregory Hayes.
       
      Pandora is downgraded by FBR.  Seadrill (SDRL) is trading near session low, down 22.79%, closed at $15.99.  Canadian Pacific (CP) gained 37.06% in one year, closing today at $209.88.
       
      GoPro(GPRO) rallied in the last two days of trading, closing at $79.05, gaining another 5.81%.  Black Friday definitely brings some good exposure for GoPro.
       
      From Dinar Land : Vietnam1969 reported  Kurdish fighters protecting Kobani fought ISIL aided by US led coalition airstrikes.  Kobani has become the war of will and perseverance as the lines have not moved much from both camps.  Heavy fighting between Iraqi security forces backed by volunteers and ISIL in the center of Beiji.  As reported before, Beiji has been liberated last week but the terrorists managed to sneak in four of the city’s 12 neighborhoods.  Beiji is also a major supplies and communications route for ISIL. 
       
      S.Fitz heard the office of Iraq’s President said in order to shift authority from central government to provinces will require to visit 120,000 laws and by laws that affect the structure of provinces’ institutions and transferring power from the federal government.  It is time consuming and labor intensive but it can be done.
       
      Nfire was with PM Abadi when he vowed to get to the bottom of Speicher massacre.  He instructed his office to create a special panel to deal with and assist the victims’ families.
       
      USA Rice Federation won the latest rice tender for the Iraqi market.  The Federation was awarded a contract for 120,000 metric tons of very high quality long grain rice. Thriver is smiling as commission check will be pretty fat for brokering the rice contract.
       
      Minister of Electricity vowed to solve the electricity crisis within a short period of time.  He said every residence, business and factory will enjoy uninterrupted power supply soon.  The ministry will repair and maintain every existing power plant and distribution center as soon as possible as security allows. 
       
      From Rumor Land : Poppy3 has a rumor that 44 countries coming in Saturday where going to be addressed by the new president of ISX.  If this turns out to be true, we will hear the rate soon.  Pepperoni on pizza brings breaking news of Shabibi’s acquittal of the charges and prison sentence.  Millionday says fair market value means the reality rate, as it is calculated for global trade with all countries.  Bob hears rumors of the return of former CBI governor Sinan Al Shabibi appear true today.  Stories are surfacing of an acquittal of all charges. Stryker says it sure looks like the budget may make it to parliament before the end of the month and be read, extending this session until it’s voted on and passed.  Backdoc thinks anything is possible at any time.  TerryK hears they may pull the trigger late tonight.
       
      From our own Adam Montana : When HCL is in place, with Abadi actually bridging the gap between the Sunnis and Shiites, the CBI will have no reason left to delay raising the value of the dinar and that means CHA-CHING J
      The spin stops here J send your comments to #naditafile,  Dinar Thug is next, good night everyone J
       
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