News on Permanent Portfolio Fund (PRPFX)Sunday April 20th 2014
Latest news for Permanent Portfolio(PRPFX) (See analysis on PRPFX)
Aggregared News for Permanent Portfolio(PRPFX) from various sources[video] 'Hedge your bets' amid geopolitical turmoil: Pro
Is the 'Permanent Portfolio' Permanently Broken?
[at TheStreet] - Mutual funds and exchange-traded funds based on the concept of a 'permanent portfolio' face rough sledding because of the prospects for bonds and gold.
COLUMN-Circuit breakers investors can use for a debt default
[Reuters] - In times of calamity, every portfolio needs a set of circuit breakers. And, as Congress speeds toward the debt-ceiling barrier, it is a good idea to consider some inverse exchange-traded funds that move ...
Gold Rises to One-Week High as Fed Maintains Stimulus
[at Bloomberg] - Gold rose to a one-week high in London after the Federal Reserve maintained the pace of U.S. bond purchases, boosting demand for the metal as a store of value. Silver and palladium advanced.
Gold Jumps Most in 15 Months as Fed Refrains From Taper
The Permanent Portfolio Proves to Be a Valid Strategy
Essential Reading: 'Deep Risk' By William Bernstein (Plus Q & A With Author)
Gold Bulls Bet Right as Prices Rally Most Since ’11: Commodities
[video] Stocks little changed at open
Can Morningstar Pick Winning Funds?
Latest business news
Sunday April 20th 2014: Latest financial news from the worldGM to battle VW in China with $12 billion investment and new plants
U.S. car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market. GM expects its China sales to expand 8-10 percent this year, in line with the overall growth of the Chinese market, where foreign firms, such as Volkswagen AG , and domestic players like SAIC Motor Corp vie for more market share. In total we are investing $12 billion between 2014 and 2017," Matt Tsien, president of GM China, said at the Auto China show in Beijing. GM plans to build five more plants in China next year, as part of its efforts to ramp up manufacturing capacity there by 65 percent by 2020, executives said on Sunday.
Pipeline delay gives boost to Obama's political base
By Jeff Mason and Steve Holland WASHINGTON (Reuters) - The latest delay to a final decision on the Keystone XL oil pipeline will reinforce a White House strategy to energize President Barack Obama's liberal-leaning base before fall elections in which Democrats risk losing control of the U.S. Senate. Environmentalists, worried about the project's effect on climate change, have put enormous pressure on the president to reject the pipeline from Canada's oil sands, staging demonstrations outside the White House and protests in states where he travels. A decision to approve it now could have prompted that vocal group, which was instrumental in electing Obama in 2008 and 2012, to sit out the November 4 congressional elections. The State Department's announcement on Friday that it would give government agencies more time to study the project was seen by strategists from both parties as a move to prevent that and boost Obama in the eyes of his supporters.
Pfizer considers $100 billion bid for AstraZeneca: report
U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, Britain's Sunday Times reported. The paper cited senior investment bankers and industry sources saying that informal conversations about a deal had taken place between the two but that no talks were currently under way after AstraZeneca resisted the approach. Pfizer and AstraZeneca both declined to comment on the report to Reuters. AstraZeneca, Britain's second-biggest pharmaceuticals group, has been frequently touted as a potential takeover target as it wrestles with patents expiring on a number of best-selling drugs, leaving future growth uncertain.
Wall Street Week Ahead: Spring fever brings hope for U.S. earnings
By Chuck Mikolajczak NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T , are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results.
Lexus aloof from China production while Nissan, Honda step in
By Yoko Kubota BEIJING (Reuters) - The head of Lexus, the premium brand of Toyota Motor Corp , said on Sunday an emphasis on quality had kept it from manufacturing in China. Unlike German peers Audi, Volkswagen AG's luxury division and BMW , Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.
Barclays planning exit of some commodities markets: FT
(Reuters) - Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial Times reported on Sunday. The UK bank is expected to announce the changes on Tuesday, which include heavy cuts to its global commodities trading staff, the newspaper reported. The FT said Barclays is making the move because conditions in the commodities markets have grown unfavorable recently. Barclays declined to comment.
Brazil´s president also responsible for refinery deal: ex CEO
Brazil´s President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday. Rousseff chaired the board of Petrobras in 2006 when it approved the purchase of Pasadena Refining System Inc, near Houston. Its high cost and losses later incurred at the refinery have put Petrobras at the center of a growing political scandal that began with bribery accusations and was fanned by the arrest of a former director in connection with a money-laundering case. The fall-out could complicate a re-election bid in October by Rousseff, who has said she was not informed of two clauses in the refinery contract that made it an onerous deal for Petrobras.
Premium car brands eye China's secondhand market
By Edward Taylor and Jan Schwartz BEIJING (Reuters) - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW , Audi and Mercedes-Benz: the second-hand premium car market. China's auto market is the world's biggest and is set to grow between 8 percent and 10 percent this year, fuelled by increasingly affluent buyers, who use them for the daily commute, with some opting for luxury brands as a status symbol. We have 290 dealers who offer certified pre-owned Audis," Rupert Stadler, chief executive of Volkswagen's premium brand, Audi, said during the Auto China show in Beijing. "In China, we have some dealers that sell between 1,500 and 3,000 cars." Audi, which expects China to contribute 40 percent of its sales by 2020, plans to train 40,000 to 50,000 new sales staff a year by 2017 to meet growing demand for brand-new and used cars, he said.
Mercedes, BMW chase ultra rich clients with new high end cars
Premium auto maker BMW unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine. Ian Robertson, BMW Group's board member responsible for sales and marketing said the car is being presented the Auto China show in Beijing as a way to test customer opinion in the world's largest car market. Around half of tall the 7-series flagship models made by BMW end up being sold in China, Robertson said. BMW Group's sales in China are up 25 percent in the first quarter.
South Africa's 'spaza' shops suffer as big retail rolls in
By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping center and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of "spaza" shops - the informal stores that dot township corners - Grace barely manages to keep afloat as more of her neighbors head to the mall. Grace has been running the shop with her husband since 1993, the year before South Africa's first all-race elections.
Study: Fuels from corn waste not better than gas
WASHINGTON (AP) — Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change.
Documents detail another delayed GM recall
DETROIT (AP) — General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents released Saturday.
Automakers unveil China-focused models in Beijing
General Mills scraps controversial new legal terms
NEW YORK (AP) — General Mills is scrapping a controversial plan to strip consumers of their right to sue the food company.
Dealer wanted in US for art fraud nabbed in Spain
MADRID (AP) — A Spanish businessman suspected of having dealt in millions of dollars of fake art has been arrested during Easter festivities in southern Spain, officials said Sunday.
GM boosting China production capacity to 5 million
'Capt. America' tops box office for third week
Big names among prospective Buffalo Bills buyers
BUFFALO, N.Y. (AP) — Hall of Fame quarterback Jim Kelly is prepared to make a bid to buy the Buffalo Bills. Donald Trump's on board, too.
5 features an Amazon phone might offer
NEW YORK (AP) — A report this week in The Wall Street Journal that Amazon is planning to release a smartphone has prompted industry analysts and technology blogs to muse about what the device might offer.
Health care site flagged in Heartbleed review
WASHINGTON (AP) — People who have accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's vulnerability to the confounding Heartbleed Internet security flaw.
How to Find Your Business Leadership Blind Spots
Leaders need to provide an opportunity for others to offer additional input and, in particular, dissenting views. Often, the final moments of discussions are the richest, as people will wait until that time to surface what is really important to them.
General Mills Reverses Controversial Lawsuit Policy
General Mills has reversed a new policy that sparked outrage among consumers. General Mills last week revealed a new rule that prevented people from joining class action lawsuits if they "joined [its] online communities." Such actions might include entering a General Mills-sponsored contest, subscribing to newsletters or liking the company on Facebook. Under the new terms, those who violated the rule would be limited to arbitration or informal negotiations as a means of conflict resolution. ...
Change Management: 4 Factors That Distinguish Successes From Failures
By Judith E. Glaser Many MANAGEMENT GURUS, ACADEMICS and CEOs are writing on change, yet there is a difference between theory and actual change. If you are entrusted to make change happen, run a division, have a strategic HR role or are in the C-suite, think about what it takes to facilitate change. When successful change occurs, employees feel like authors not objects of change. They feel fully invested, accountable and energetic about the future, regardless of challenges. ...
Why Progressives Should Think Twice About Embracing Uber and Lyft
St. Louis is already a city that has lost so many good-paying blue-collar jobs. Lyft and Uber are part of the Walmartization of America: part-time workers earning fast-food wages. These drivers are in a very real sense akin to scab workers, and like the companies they drive for, represent regression and not progression.
Thomas Piketty On 'Capital In The 21st Century'
Economist and author Thomas Piketty sits down with HuffPost DC Bureau Chief Ryan Grim and 'The Other 98%' Communications Director Alexis Goldstein to break down his latest opus on inequality, 'Capital In The 21st Century.'
If You Support Legal Marijuana, Memorize These 13 Stats
Regardless of your feelings about legalizing marijuana, it's hard to deny that legal weed would be a bonanza for cash-strapped states, just as tobacco and alcohol already are. With Colorado and Washington starting to tax and regulate recreational weed sales, and medical marijuana legal in 18 other states, we can finally start to put some hard numbers on the industry's value. Numbers like: $1.53 billion: The amount the national legal marijuana market is worth, according to a Nov. 2013 report from ArcView Market Research, a San Francisco-based investor group focused on the marijuana industry. ...
What Type Of Pot Smoker Are You?
Like snowflakes or THC crystals*, no two pot smokers are truly the same. But even in a group as diverse as marijuana users, certain patterns do emerge. For example, does your pot use lead to endless pontification? You might be what we call the philosopher smoker. Or does your mind wander alone when you're stoned? If so, you're probably more the loner-artist type. Being as it's 4/20 weekend, what better time to discover where you land on the stoner spectrum? Take our quiz below to find out. Quiz widget by *OK, OK, THC crystals tend to look pretty uniform up
Women in Business Q&A: Samantha Nicholson, Co-Founder and SVP of Salmon Social
Samantha is the co-founder and SVP of Salmon Social, a new social media app. Samantha graduated with a degree in advertising from the University of Colorado with a minor in international media. Throughout her college career, she worked with various professionals from advertising agencies including Crispin, Porter + Bogusky and Victors and Spoils. Her senior campaign created for Luna Bar is launching Summer of 2014. After graduation Samantha obtained a job at a Silicon Valley company. ...
Small Business Owners: How Many Missed Taking the Small Business Health Care Tax Credit?
A Kentucky professional who owns his own business found that he missed getting the Health Care Tax Credit. For the past four years! Since the credit is worth 35 percent of what he is paying in health insurance, his business lost out on about $40,000.
5 Lessons Startup Founders Can Learn from Salsa Dancing
Whether you're launching a startup or taking up salsa dancing, you're going to have your work cut out for you. These lessons will come in handy while you're still fumbling around in the dark -- and even help you find your groove.
How Good Do You Want to Be?
I recently picked up a copy of Paul Arden's 2003 book, It's Not How Good You Are, It's How Good You Want to Be. Arden, who died in 2008, was a renowned advertising genius who worked for Saatchi & Saatchi in the U.K. for many years, and had a great sense of humor, strong opinions, and the simple genius to write this straightforward book about how to make the most of yourself.
Encouraging Self-Employment Should Be a Focal Point of the New Small Business Administrator
Our nation's smallest businesses -- the self-employed and micro-businesses -- represent the heart and soul of America's middle class. Yet, America's small businesses face critical challenges that prevent them from opening, growing and expanding.
Is the Stock Market Rigged?
How Marketing Leaders Can Secure a Seat in the C-Suite
"CEOs are from Mars; CMOs are from Venus." That is one of my favorite lines from the former CEO of Eloqua, Joe Payne. And ten years after the birth of marketing automation, there is still plenty CMO turmoil and distrust in the executive suite. The abundance of data, coupled with the accessibility of data, only makes things worse for marketing leaders. What can you do to earn your stripes in the C-suite? Here are some things to consider: Recognize that data is the new black. Just 10 years ago, decisions were driven by the hunches of "the smartest folks
Instagram for Business: Engaging Content Ideas
Creating a Kinder Earth
100 Days to Define Branding
"What is that?" -- or a polite nod -- are common reactions when I explain that over the past eight months I've been working toward my Master's in Branding at the School of Visual Arts (SVA) in New York City. I get it; the word "branding" has become business jargon. It is a misunderstood discipline that is, in fact, more than just the creation of a logo. A brief history of branding: The word brand has Germanic origins and translates as "burn" or "burning." As a verb it means, "mark permanently with a hot iron" and as a noun, a
Three Ways to Be a Game Changer
5 Acronyms Entrepreneurs Can't Afford to Forget
How Not to Waste Money With FaceBook Ads
While contacting companies to help redo our kitchen and bathroom I came across something which I found fascinating yet frustrating at the same time. My husband and I contacted two companies that we already knew of for quotes on our project. They are both companies that are well known in their area and friends and family have all used them. But we wanted a number of quotes from people that carry different products and from different areas and didn't know where to start. I came across one company via Facebook. They showed in my feed as a sponsored post more
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