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Click here to visit the new home of Politics Daily!(Nov. 4) -- Four Loko, the "blackout in a can" beverage that's being blamed for a series of intoxication-related illnesses and hospitalizations across the country, is facing a growing clampdown on college campuses. But sales of the product -- made by beverage company Phusion Products -- are apparently on the rise. Several colleges have already banned the drink -- a trendy concoction of alcohol, a heavy dose of caffeine and sugared-up fruity flavors, sold in brightly colored cans. The University of Rhode Island is the latest, after 30 students fell ill or were injured during a campus concert ...
(Oct 18) -- Just because 71 percent of all tweets go unnoticed, that doesn't mean they don't contain valuable information. A new study from Indiana University claims that the emotions of the Twitterverse can predict stock market behavior two to six days in advance. From March to December 2008, researchers Johan Bollen, Huina Mao and Xiao-Jun Zeng monitored almost 10 million tweets from 2.7 million Twitter users under two Twitter mood-tracking devices -- OpinionFinder and Google Profile of Mood States algorithm. The algorithm monitors six characteristics -- happiness, kindness, alertness, ...
(Sept. 16) -- As the American economy shows some signs of pulling out of the worst economic downturn since the Great Depression, a host of dire statistics paints a less-than-rosy fiscal portrait for poor and middle-class citizens. Growing Poverty Rate The U.S. Census Bureau announced today that the poverty rate in America rose from 13.2 percent of the population to 14.3 percent. That means that 43.6 million people, a full one out of every seven U.S. citizens, now lives below the poverty line. For a family of four, that means an annual income of $21,954 or less. Growing Number of Uninsured In ...
(Aug. 20) -- Say it isn't so! A week after the obscure technical analysis indicator known as the "Hindenburg Omen" sent chills of fear of another stock market crash throughout the financial blogosphere, and just a couple of days since others began debunking it, the stock market took another turn for the worse, and low and behold ... the ill-fated signs of the "HO" appeared again. Or did they? According to The Street's Scott Eden, the answer is a definite, unfortunate yes. As he wrote on Friday: "Start stocking up on the canned goods -- the Hindenburg Omen is back. ... A second occurrence of ...
(Aug. 17) -- So ... the sky might not be falling after all? Last week, Surge Desk observed that the financial blogosphere, led by Zero Hedge's enigmatic pseudonymous author Tyler Durden, was starting to go into panic mode over a technical indicator aptly named the "Hindenburg Omen," which supposedly has the power to predict a stock market crash. Developed by blind mathematician James Miekka and named by his market technician friend, as the story has it, the indicator has recently languished mostly in obscurity -- until its five criteria were met at the close of the market on Friday. If the ...
Economic worries once again made gold a safe haven sought by risk-averse investors, driving the yellow metal to a new record high closing price of $1,248.70 an ounce. That was up $18.20, or 1.5 percent from Wednesday's settling price on the New York Mercantile Exchange, and it significantly overshadowed the last record close on June 8 of $1,245.60. The surge in gold prices came the same day the dollar fell and stock markets reacted with renewed volatility in response to news from the Labor Department that weekly claims for unemployment insurance unexpectedly rose, by 12,000 to a seasonally ...
NEW YORK (June 15) -- Industrial and technology stocks pulled the market sharply higher Tuesday after Boeing Co. said it was boosting production and an industry group forecast that demand for computers would increase. The Dow Jones industrial average rose 213 points to their highest close since May 19. Major stock indexes rose more than 2 percent. The advance was broad, but came on light trading volume. That's a sign that few traders are driving the market. Many are waiting to see whether the market will keep moving higher after weeks of erractic trading. Industrials made some of the ...
Jim Cramer, unlike Rush Limbaugh, cannot be written off as just another right wing talk show host reflexively opposed to all things Obama. Here's how he describes himself today.To be totally out of the closet, I actually embrace every part of Obama's agenda, right down to the increase on personal taxes and the mortgage deduction. I am a fierce environmentalist who has donated multiple acres to the state of New Jersey to keep forever wild. I believe in cap and trade. I favor playing hardball with drug companies that hold up the U.S. government with me-too products....But these are issues that ...
TIp to perfunction for this clip of Obama as investment advisor: Now I know what you're thinking: "What the hell is a profits to earnings ratio?" Well we're pretty sure he meant a price to earnings ratio, but I didn't go to Harvard, so who knows. They probably don't teach that stuff at Harvard Law anyway. Who has the time? But leave that aside, because that isn't even the important thing. The important thing is that possibly, just possibly, the White House is recognizing that the 1,000 point drop in the DJIA since stimulus bill was passed may be A Problem. Before the stimulus bill was ...
TheHill.comSenate Majority Leader Harry Reid (D-Nev.) said on Monday that the banking industry is "very close" to being stabilized and the nation's economy is starting to rebound."We tend to talk about the negative. ... Things are beginning to turn and I think the American people are going to feel that very soon," Reid said during an appearance on MSNBC's "Morning Joe" show.Of course as I'm writing this the Dow is down 105 at 7260 and dropping like a rock. This is a Dow level we haven't seen since the 1997. Which means we've just given up most of the Bush and Clinton boom. Is Harry Reid seeing ...
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