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Well, the moment of truth finally came for investors today, but they didn't get the news they wanted. After several volatile sessions, which saw the Dow Jones Industrial Average fluctuate by  more than 100 points for several consecutive...
Well, the moment of truth finally came for investors today, but they didn't get the news they wanted. After several volatile sessions, which saw the Dow Jones Industrial Average fluctuate by  more than 100 points for several consecutive sessions on little more than hunches about Fed action, the blue chips hovered at breakeven for most of today but tumbled after Fed Chairman Ben Bernanke spoke, finishing down 206 points, or 1.4%. In official remarks this afternoon, Bernanke said the Fed planned to begin reducing the $85 billion monthly stimulus program and fully taper it by the middle of next year if the job market continues to improve according to the Fed's projections, which call for the bond buying to end once the unemployment rate hits 7%. The rate is currently at 7.6%. The central bank also sounded optimistic about the recovery in general, saying there were fewer risks than there were a year ago and that the labor market has continued to improve. Today's news will hopefully put an end to the market's obsession with the stimulus taper as the program should come to an end as the economy improves. The Fed's current policy is not without consequence, hurting savings rates and weakening the dollar, and an economy that no longer needs the monetary crutch shouldn't have it. Telecom stocks fell harder than the rest of the Dow 30 as Verizon and AT&T finished down 2.9% and 2.5%, respectively. There was no specific news out on either company, but the two stocks are the Dow's biggest dividend payers, and the Fed's announcement pushed the 10-year Treasury yield up 6% to 2.31%, making dividend stocks less appealing. Bond yields rose as investors sold on the news that the Fed may cut its treasury purchases, but that makes the fixed income stream more competitive with high dividend yields. The two telecoms may also be reacting to DISH's decision to back away from its pursuit of Sprint, the nation's No. 3 wireless carrier, paving the way for Softbank to purchase 78% of the company, which will give it much-needed capital. Boeing shares were also down more than most today, falling 1.8%. A United 787 Dreamliner jet ran into oil filter problems during a flight from Denver to Tokyo yesterday and had to stop in Seattle. Though the problem was unrelated to the battery fires that caused the planes to be grounded earlier this year, any mechanical malfunction will not help the Dreamliner's image. Separately, Boeing won several orders at the Paris Air Show yesterday, including commitments for 102 extended 787 jets.   Boeing operates as a major player in a multitrillion-dollar market in which the opportunities and responsibilities are absolutely massive. However, emerging competitors and the company's execution problems have investors wondering whether Boeing will live up to its shareholder responsibilities. The Fool's premium research report on the company provides investors with the must-know issues surrounding Boeing. They'll be updating the report as key news hits, so don't miss out -- simply click here now to claim your copy today.
20 minutes ago
Hey guys paris blew my mind Unbelieveble xx
Hey guys paris blew my mind Unbelieveble xx
about 2 hours ago
Flooding once again in Bry sur Marne yesterday after a hard rain. Exceptional? If only. What used to be a rare occurrence has become both predictable and frequent.
Flooding once again in Bry sur Marne yesterday after a hard rain. Exceptional? If only. What used to be a rare occurrence has become both predictable and frequent.
about 2 hours ago
Paris Cowan has joined the reporting team at  iTnews.com.au . The announcement: Haymarket Media has welcomed former Intermedium online editor Paris Cowan to the team of journalists covering enterprise technology at iTnews.com.au. Paris h...
Paris Cowan has joined the reporting team at  iTnews.com.au . The announcement: Haymarket Media has welcomed former Intermedium online editor Paris Cowan to the team of journalists covering enterprise technology at iTnews.com.au. Paris has spent the past few years honing her skills as a journalist and online editor at Intermedium and has developed strong connections with IT executives across the public sector. She will now join iTnews’ editorial team, based in Sydney, reporting in to Editor Charis Palmer. “Paris impressed us with her maturity and solid track record of interviews with senior public sector IT professionals,” said Palmer said. “She’s clearly worked hard to build up a following of readers in a relatively short time period, and we felt the iTnews audience would enjoy her style.” Group Online Editor Brett Winterford said readers can expect the iTnews team to continue to break the most important stories in Australia’s tech industry – exemplified by winning Best News Coverage at this year’s Lizzies. Haymarket also plans to continue to expand the breadth and depth of iTnews’ awards, research and event programs. The iTnews editorial team now includes Paris Cowan, 2013’s Best New Journalist Allie Coyne, Ry Crozier, Charis Palmer and Brett Winterford on a full-time basis, plus a string of regular contributors including New Zealand-based Juha Saarinen. Paris starts on July 8, 2013. Source: iTnews.com.au media release The post Paris Cowan joins iTnews.com.au appeared first on mUmBRELLA.
about 2 hours ago
“WHAT happened here?” asked my colorist with candid alarm when I sat in her chair at the beauty salon. I explained that, to save money, I’d dyed my own hair from a store-bought kit. My colorist, Kim, is French, living in Los Angele...
“WHAT happened here?” asked my colorist with candid alarm when I sat in her chair at the beauty salon. I explained that, to save money, I’d dyed my own hair from a store-bought kit. My colorist, Kim, is French, living in Los Angeles. As she initiated triage on my tresses, we laughed about the unnatural hue I’d subjected my hair to: a purply red that you pretty much only see on elderly French women—the kind who still wear leather pants, don’t skimp on war paint, tan too much on the Cote D’Azur, and consider themselves foxy as all get-out (and more power to them). What to call this particularly French color? Rocker Rouge? Passion Pourpre? Leave a comment here if you have an apt name. (Obviously the woman in the photo is neither old nor French, but, admit it–you have seen this hair color on a woman huffing a smoke at a cafe. Non?
about 2 hours ago
Rap
John Monopoly (@John_Monopoly) is a key figure to what was the start of Kanye West career. 15 years ago, he and Don C founded Hustle management with Kanye in the group “Go Getters”. Years later, Yeezy blew up to stardom and J...
John Monopoly (@John_Monopoly) is a key figure to what was the start of Kanye West career. 15 years ago, he and Don C founded Hustle management with Kanye in the group “Go Getters”. Years later, Yeezy blew up to stardom and John Monopoly was still involved for a great deal of success before parting ways for a few years and exploring other endeavors. Now, the mogul is back with his Clique and decided to speak on his first time hearing him being shouted on “I AM A GOD”, as well as managing Chi-town street rap star King Louie. Read below. “Monop’ in this bitch, get a change of climate…” How’d you feel about that line and Kanye shouting you out? [Laughs] Yeah, it definitely caught me by surprise. Don C had told me that he said it at the MET Gala, but I hadn’t heard it until the other day. So, when I heard it I was really excited and just happy to know that you know me and my bro were back, getting you know, getting the work. You know how artists can be. And that’s not necessarily with business, that’s just with us being where we need to be, just to be clear. So with that said, what’s you relationship like between you and ‘Ye now? I mean that’s my brother, you know. You know, we’ve done some stuff together, I’d rather not say really what’s going on as far as our business or whatever we’re doing. It’s just I think we were apart for a while, and now I think we’re kind of moving in the direction to be back in the original—. I mean, I don’t know. I mean that’s just my brother, and we were apart for a while, and we’re not really apart like that no more. I’ll just say it like that. Congrats on King Louie’s Yeezus feature. Yeah, King Louie, yeah absolutely. Thanks. He’s prominently featured on the album and you know we [both] were blessed to go to Paris a couple of times and work with ’Ye. He ended up on the “Send It Up” record and it’s been getting like rave reviews, really killing Chicago. We’re getting calls from all over about it, so it’s a true blessing. I kind of want to properly thank ’Ye for looking out and Louie for being dope enough to even be considered because [he] is definitely talented enough to get the next one. How did the Louie connection with Kanye happen? Well, when I first signed Louie, I started playing him for people and when I decided that we were going to do some business I started telling my cousin Don, Don C, about you know, the new artist I was working with or whatever and him being, you know that’s like my real cousin, so it’s like we always support each other. And he made it a point to bring it to ’Ye early. Like this is something that I had announced I’m working on, and then he was a fan of Louie too, so it just made sense. He was like, “Yo I’m going to support you because you’re my cousin, but I’m also going to support you because he is the ill new dude.” So really this is all really speaks to Don making it a point to present Lou to ’Ye and then ‘Ye just being a visionary and having that ear, he identified the same things that I had identified in Lou, you know what I’m saying. So that’s really how it went down. What’s your situation with Lawless Management? Well I, I’ve separated myself from Lawless. I don’t have anything to do with Lawless anymore, but I wish them the best of luck. I still work with Louie in a management capacity, but yeah I don’t have anything to do with Lawless. But shout out to Katie, because Katie’s buzzing and I see her moving and I know she’s going to blow and I’m so happy for her. And Bird is starting to get some traction too, so I’m sure they’re going to be successful, and I wish the Lawless crew nothing but success. But yeah I don’t have anything to do with that situation. You’re 100% invested in your management company, “Hustle.” Right. And that’s that. Yeah, you know we’re at 15 years, we started the company in 1998, and we’re doing a big 15-year anniversary party. August 10th in Chicago. There’s going to be a lot of surprise guests, a huge event you know
about 2 hours ago
Club Guarani ( 2 – 0 ) Cerro Porteno , PAR on The 20th of June, 2013 at twenty past one Podcast:
Club Guarani ( 2 – 0 ) Cerro Porteno , PAR on The 20th of June, 2013 at twenty past one Podcast:
about 3 hours ago
Will Venable has been a top fifty fantasy outfielder thus far this year yet he continues to fly under the radar.Analysis:?Venable’s line this year looks like this- 10 HR, 9 SB, 26 R, 26 RBI, .228 BA. Yes, his average is not up to p...
Will Venable has been a top fifty fantasy outfielder thus far this year yet he continues to fly under the radar.Analysis:?Venable’s line this year looks like this- 10 HR, 9 SB, 26 R, 26 RBI, .228 BA. Yes, his average is not up to par with his career .251 mark but his BABIP this year is .050 points below his career average. As far as power/speed combos go only eight other players in baseball this year have at least 10 home runs and 9 stolen bases. With his numbers it is shocking to see him available in 85-97% of fantasy leagues considering he is on pace for a 20/20 season.Venable is currently outproducing Vernon Wells, Melky Cabrera, Josh Hamilton, Ichiro and Denard Span in roto leagues. Despite his production he continues to be passed on and looked over in the fantasy world. He is on pace for a career year in terms of home runs but his steals and runs are reliable while his batting average will pick up going forward. There aren’t many power/speed guys like this available on the wire but because he plays for the Padres he will continue to fly under the radar. Read more Will Venable news
about 3 hours ago
Sportivo Luqueno ( 0 – 0 ) Cerro Porteno Pf , PAR on The 20th of June, 2013 at quarter past one Podcast:
Sportivo Luqueno ( 0 – 0 ) Cerro Porteno Pf , PAR on The 20th of June, 2013 at quarter past one Podcast:
about 3 hours ago
Brian Butler is an LA based artist, filmmaker, musician and writer. In addition to his own practice, he is known for his collaboration with Kenneth Anger, an American underground experimental filmmaker, the director of the famous “Lu...
Brian Butler is an LA based artist, filmmaker, musician and writer. In addition to his own practice, he is known for his collaboration with Kenneth Anger, an American underground experimental filmmaker, the director of the famous “Lucifer Rising” and “Rabbit’s Moon”.   This time Brian Butler came to Paris to install his piece "The Bartzabel Working" at the Palais de Tokyo. It is a circle and triangle designed in the tradition of the late British occultist Aleister Crowley to evoke the demon of Mars. Brian activated the Work yesterday, on the 18th of June 2013, and it will be in full effect for the opening at the Palais tomorrow. Read more on Image Noire  Join our avant-garde fashion community Image Noire on Facebook PS. Good luck trying to get in to this event.
about 3 hours ago