MICHELE BACHMANN: 'I Saw The Bin Laden Photos. I Am Convinced We Got Our Man.'

Michele Bachmann is satisfied the United States Navy SEALS successfully killed Osama bin Laden.

The U.S. House Intelligence Committee Member saw the photos at CIA headquarters in Langley, VA and tweeted that she was "convinced" the man pictured was the al Qaeda leader.

She would like to see the Obama administration release the DNA information to the public.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/0Bi7BR9g_sA/michele-bachmann-osama-bin-laden-photos-barack-obama-2011-5

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What If Warren Buffett Is Right About Gold?

'For all the gold that's ever been mined, you could buy every acre of farmland in the United States and 10 companies the size of Exxon Mobil, and you?d still have $1 trillion left over. Would you rather have a shiny cube of metal, 67 feet on a side or trillions of dollars of assets that actually produce wealth?' asks Buffett.

Source: http://blogs.forbes.com/greatspeculations/2011/05/11/what-if-warren-buffett-is-right-about-gold/

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Repairing Your Credit

There are lots of tools you may need to take into consideration to help you rebuild your credit standing. These tools provide various sorts of rewards, at varying price ranges too. They’ll also probably have various payoff for your credit which can quite well be helpful in rebuilding your credit. It will be ideal to [...]

Source: http://www.legaldebthelponline.com/2011/05/10/repairing-your-credit/

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Government Debt Consolidation Programs

Free government debt consolation programs are a cash advance granted by a financing unit that is linked with another credit policy such as equity home loans. Long-term basically implies that unlike normal debt consolidation loans where the borrower may settle the finances in whole, there are scheduled intervals which are created for them to make [...]

Source: http://www.legaldebthelponline.com/2011/05/10/government-debt-consolidation-programs/

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Daily ETF Roundup: GDX Tumbles On Gold?s Weakness, UUP Rises

American stock markets tumbled in Wednesday trading as severe weakness in the commodity and natural resource sector dragged down a variety of other equities on the day. The Dow finished down 130 points while the S&P 500 and the Nasdaq lost 1.1% and 0.9%, respectively. However, these losses paled in comparison to a number of commodity products which tumbled significantly on the day, including all of the energy commodities, most of the softs, as well as the precious and industrial metals. The biggest individual losers were, by far, RBOB gasoline (down 7.2%) and silver (down 8.3%), suggesting that the losses were widespread and went beyond safe havens and into other commodity sectors as well.  

Thanks to this sharp move lower, a number of investors are growing increasingly concerned about the stock market and its fortunes during the summer period, with many calling for a continued pullback in the weeks ahead. ?The correction in commodities over the past week is the first shaking of the tree that should not be ignored and will be the precursor to a painful 10%-plus correction in stocks over the next few months,? said Peter Boockvar, equity strategist at Miller Tabak & Co. ?Both rallied hand in hand since late August and thus won?t be separated in market action.? Due to predictions like these, the U.S. dollar soared against major rivals in Wednesday trading, breaching through the $75 mark on the U.S. dollar index. This also caused more traders to pile into T-Bills and other government related assets; yields fell below the 3.2% mark on the ten year note while the 2 year hit a 0.55% level.

One of the biggest winners in the ETFdb 60 was the PowerShares DB US Dollar Index Fund (UUP), which rose by 1.0% in Wednesday trading. Investors bought up U.S. dollars across the board against the greenback’s major rivals, including nearly a two cent surge against the euro and a one cent gain against the Australian dollar. These gains came thanks to a number of issues, the most significant of which was high inflation readings in both Germany and China, two important economies that may have to reconsider their current monetary policies in the near future in order to combat these price increases effectively. Additionally, heavy selling in equities and commodities further increased the demand for the dollar as traders sought out risk free assets such as U.S. T-Bills in order to weather today’s storm, adding to the gains for the world’s reserve currency of choice [see more on UUP's fact sheet].

One of the biggest losers in the ETF world was the Market Vectors Gold Miners ETF (GDX), which fell by 3.3% on the day. Demand for gold miners dried up in Wednesday trading as gold continued to show weakness, falling below the $1,500/oz. mark before rebounding to 1,502/oz. to close out the day. This represents a nearly 1% loss for the metal on the day, and since many of the miners are also located outside of the U.S. the strengthening dollar further added to these woes, causing most gold miners to sink in today’s session. It has been a rough couple of sessions for gold miners, as GDX is now down 5.7% over the past week and close to 10% over the past one month period [see holdings of GDX here].

Disclosure: No positions at time of writing.

Click here to read the original article on ETFdb.com.

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Don?t Expect Google Chrome OS on Tablets Anytime Soon

Google raised some eyebrows last month when it made changes to Chrome OS’s source code.

Despite recent indications that Google is preparing Chrome OS for tablets, Google says that it is “fully focused on notebooks” for the foreseeable future.

Google raised some eyebrows last month when it made changes to Chrome OS’s source code. It added multiple references to touchscreens and tablets, including a new touch-optimized tab page. The idea of a Chrome OS tablet isn’t new though; Google even made mocks of such a device in February 2010.

Click here to continue reading at Mashable...

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LIVE: Google I/O Keynote, Day 2

Google I/O keynote day 2

Day 2 of Google's I/O developer conference kicks off in a few minutes here, and we're covering the keynote live.

Sundar Pichai, the senior vice president of Chrome, is expected to speak this morning, and we're probably going to see the first real Chrome OS notebooks, perhaps with a $20 per month installment payment plan.

We might also hear more about Google TV and some of its favored Web development technologies like HTML5.

Click here or refresh your browser for the latest.

9:25 AM PT: We're waiting for the show to start. They're playing the same unidentifiable techno music as they did yesterday.

9:30: Here's Vic Gundotra, the exec in charge of I/O. He leads Google's social initiatives, but we don't expect to hear anything new about them here today.

More than 60,000 simultaneous viewers watched I/O yesterday. Total uniques yesterday: over 600,000.

Gundotra calls the open Web "the only platform for all of us."

Now Chrome Senior VP Sundar Pichai is taking the stage as expected. This is the "Chrome keynote."

9:33. Momentum announcements. A year ago, 70 million users had Chrome as their main Web borwser. Now it's 160 million.

He's going through the history of Chrome, releasing every 6 weeks. Over 8 versions just in the last year.

A whole slew of new APIs in the last year. Focused on speed. 20% increase in JavaScript improvements. Security -- sandboxes to prevent plug-ins from affecting the rest of your computer.

Chrome OS head Sundar Pichai at Google I/O

HTML5 -- all modern browsers are now investing in HTML5.

Now it's Ian Ellison-Taylor, head of dev platform in Chrome.

It looks like this keynote is going to start off pretty geeky. Taylor is showing how to add speech attributes to a Web search box. Typing code on the screen.

One of the rules of keynotes is never do speech demos. But they're going to do it anyway!

It worked -- he searched for an actress and the Web site returned the right result. He says he's geniuinely surprised.

Speech in Google Translate as well.

Performance also important to Chrome, has been since the early days. He's showing a chart of Javascript performance, and says he hopes he never has to share this chart again -- Javascript is no longer the bottleneck it used to be. Chrome is focusing on other areas where there's room for improvement.

Graphics -- GPU acceleration.

This is something Microsoft has made a big deal about with Internet Explorer 9 and 10.

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LinkedIn Sets an IPO Price Range, but a Boost Is Likely

LinkedIn threw investors a bone on Monday, releasing the initial pricing range for its long-awaited IPO. The popular social networking firm, which gears itself toward business-related schmoozing and résumé-posting users opened the game with a pricing range of $32 to $35 a share. That would raise the company and its private investors around $273 million, assuming it launches at the high end of its initial pricing range and sticks with its current plan to float roughly 7.8 million shares in the offering.

However, Paul Bard, vice president and an IPO expert with Renaissance Capital, says investors will likely see LinkedIn raise both the number of its shares offered and increase the pricing range before its IPO debuts. LinkedIn currently has its IPO tentatively slated for May 18.

"I'm sure this deal will be heavily oversubscribed, so it won't be surprising to see its offering increased" Bard says. "This is an IPO that every growth [fund] manager will want to own. It's one of those must own stocks."

The Beginning of the Next Wave

Investors are salivating over social networking stocks. Just last week, Renren (RENN), a Chinese social networking giant, kicked off its IPO priced at $14 a share. Renren's shares rocketed as much as 71% to $24 a share on that first day of trading, before coming back to Earth to close at $18.01.

Renren's market cap is currently north of $4 billion and LinkedIn's valuation isn't too far behind. Based on its outstanding shares and the high end of its IPO pricing range, LinkedIn is currently valued at approximately $3.3 billion. Facebook, by comparison, has an estimated value of $50 billion, based on a recent investment involving Goldman Sachs (GS).

"LinkedIn will be one of the most exciting IPOs we have seen in some time and there will be a tremendous amount of enthusiasm for this company," Bard said. "It'll be the beginning of the next wave of Internet IPOs we'll be seeing over the next 12 to 18 months."

Since the start of the year, there have been 55 IPOs that have hit the market, excluding special purpose acquisition company deals. Of this group, technology IPOs accounted for 32.7% -- the largest slice of the pie -- according to Renaissance Capital's IPO data.

And while the average first day pop of an IPO stock has risen slightly to 11% this year, the market is far from returning to the go-go days 1999, near the height of the Internet bubble, when IPO's averaged nose-bleeder gains of 72% on their first days of trading.

Bard said institutional investors are probably keeping LinkedIn's investment bankers hopping, inasmuch as the social networking company is pushing to launch its IPO nine days after setting its initial pricing range. Typically, companies will usually wait at least two weeks from that point before floating an IPO, Bard noted.

"By the end of this week, we'll probably see a good indication if they're planning to bump up the pricing range," says Bard.


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Source: http://www.dailyfinance.com/2011/05/09/linkedin-sets-an-ipo-price-range-but-a-boost-is-likely/

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