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Asymmetric Effects of Trade Balance Relative to Savings Rates and the Real Effective Exchange Rate

Asymmetric Effects of Trade Balance Relative to Savings Rates and the Real Effective Exchange Rate: Markov-Switching Approach This study aimed to investigate the effect of nonlinear savings rate on Iran’s trade balance using the Markov-switching approach during 1393-1360. The results show that savings rates have a negative effect in the first regime and The second …

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Why Are Investors In Like With Facebook Again?

Why Is Facebook CEO Mark Zuckerberg Smiling? Maybe because someone might be willing to pay $100 to send him a message. If you’re a casual observer of the stock market, the last time you tuned in to what was happening with Facebook’s stock was probably last May. In those days after the company’s long-anticipated initial public …

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Cigarette Makers Frustrated As Product Approvals Stall

A clerk prices cigarettes at Discount Smoke Shop in Ballwin, Mo. The Food and Drug Administration, which must approve all new tobacco products or any changes to existing brands, has not cleared any products since assuming that responsibility in 2009. It’s been only a few years since Congress granted the federal government the power to …

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Businesses Sue Government Over Birth Control Mandate

The Hobby Lobby chain of arts and crafts stores has gone to court to block a provision of the administration’s health law that requires employers’ health plans to pay for contraceptives. When Congress passed the Affordable Care Act in 2010, few would have predicted that one of the most contentious provisions would have to do …

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10 Market Insights

1. The four trading fears 95% of the trading errors you are likely to make will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table – the four trading fears 2. The proverbial empathy gap You may already have some awareness of much of what you need …

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The Appeal of Master Limited Partnerships to Investors

The master limited partnership’s (MLP) lineage dates back to 1981, when exploration and production outfit Apache Corp (NYSE: APA) consolidated 33 of its oil and gas operations into this structure. In the mid-1980s, the universe of publicly traded partnerships differed dramatically from the options available to today’s investors. With no limitations on what assets and …

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US and Russian Geopolitical Battle will Decide Fate of Czech Nuclear Power Plant

The upgrade of Temelin, a nuclear power station, has become the backdrop of a power struggle between the Unites States and Russia. Worryingly, a discussion on Czech energy policy is being silenced by the competition of foreign strategic interests. As Germany and other European states turn away from nuclear power, the Czech Republic is looking …

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Oil Industry Cycles Offer Good Investment Opportunities

Investing for me is about identifying long-term trends, and then investing in companies whose business I understand, that will benefit from those trends. For more than a decade, my own investment strategy has focused on two major trends: (1) I believe that as the massive demographic of Baby Boomers moves into post-retirement, a tremendous amount …

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Coal Loses Crown As King Of Power Generation

Georgia Power’s coal-fired steam-turbine electric generating Plant Bowen in Euharlee, Ga., seen in 2009. The utility is planning on shuttering 15 coal- and oil-fired generating units at its facilities. Just a few years ago, Georgia Power generated nearly three-fourths of its electricity with coal. Last year, for the first time, natural gas edged out coal, …

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Greek parliament passes new tax increases

Austerity measures have triggered mass protests in recent months The Greek parliament has approved a series of unpopular tax rises aimed at boosting revenue in line with Athens’ commitments to international creditors. The measures, approved overnight, introduce a new top tax rate of 42% for Greeks earning more than 42,000 euros (£34,700; $56,000) a year. …

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New Charging Algorithm can Extend Battery Life for Electric Vehicles

new charging algorithm could extend battery life for the first all-electric, battery-powered locomotive in the US. Batteries for Norfolk Southern Railway No. 999, just like automotive batteries, are rechargeable until they eventually die. A leading cause of damage and death in lead-acid batteries is sulfation, a degradation of the battery caused by frequent charging and …

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Can Hugo Chavez’s New Term of Government Start without Him?

______________________________________________ Venezuela’s Chavez To Miss His Inauguration by KRISHNADEV CALAMUR President Hugo Chavez is too ill to attend his inauguration this week, the Venezuelan government announced Tuesday. In a letter to the National Assembly, Vice President Nicolas Maduro said the president’s medical team said Chavez’s recovery should be extended beyond Thursday – the day he is …

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5 Biofuel Trends to Watch Out for in 2013

Despite a relatively down year with respect to investment and production capacity expansion, the biofuels industry grew modestly in 2012, continuing a shift from first generation facilities to next generation, advanced biorefineries. Although it was a year of challenges for corn starch ethanol production in particular, the industry proved its mettle against persistent drought across …

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Energy Stocks to Keep on your Watchlist During the Global Market Lull

In the midst of a global market lull, many companies are sitting on their hands, argues Mark Lackey of CHF Investor Relations. That’s why he’s scoping out smart management that’s keeping busy and making great progress—whether or not the markets are quick to notice. Learn who’s getting a running start in the uranium, oil and …

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Why 2013 Will End in a Severe Recession

We have been hearing a lot about escaping the fiscal cliff, but our problem isn’t solved. The fixes to date have been partial and temporary. There are many painful decisions ahead. Based on what I can see, the most likely outcome is that the US economy will enter a severe recession by the end of …

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The Transition Beyond Strategic Nuclear War

The world is now well advanced in transition to the age beyond strategic nuclear weapons. It may be, from the standpoint of military descriptors, a transition to the age of cyber weapons. Equally, it may be too early to say. But rarely in history are such great watersheds so visible, except in hindsight; watersheds which …

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What Stands in the Way of Natural Gas Replacing Gasoline in the US?

The natural gas revolution has brought big changes to the U.S. energy scene. Natural gas prices, which used to move closely together with oil prices, have plunged in the last five years, as the following chart shows. One result has been the rapid displacement of coal by natural gas in electric power generation. According to …

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Blackstone Lists Several Events that could Surprise the Markets in 2013

Byron Wien, Vice Chairman at Blackstone Advisory Partners, one of the world’s largest investment firms, has 10 predictions that may surprise markets in 2013. Wien defines a “surprise” as an event which the average investor would only assign a one out of three chance of taking place but which he believes is “probable”, having a …

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Daily Natural Gas Update – 04.01.2013

In the last 6 weeks natural gas prices are down nearly $1 in the futures which would not be a big deal if we were talking about Crude oil but this actually represents greater than a 20% reduction in prices. To me this is great news because I think the deprecation represents a grand buying …

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Germany’s Housing Market Is Hot. Is It Overheating?

Few Western countries are as conservative about home ownership as Germany, where less than half the country’s citizens own property. German banks have tough lending rules. Would-be buyers are usually asked to provide hefty down payments to secure mortgages, meaning few Germans even think about buying a home until they are settled and financially secure. …

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Diminishing Prospects For The Long-Term Unemployed

The latest figures show December was another month of steady, moderate job growth. But for many people still struggling with long-term unemployment, the situation hasn’t actually changed much at all. For Alecia Warthen, the last eight months have been painfully stagnant. She was the first person in her family to finish college, after growing up …

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Are Wind Subsidies the Best Use of Taxpayers Cash?

The U.S. taxpayers are in better than $16 billion dollars now and just got hooked for another $12.1 billion more.  That’s $161,333 per for 75,000 jobs.  Admittedly, compared to some government subsidy deals this looks cheap. (Roll Eyes) Subsidizing wind energy surely should be at the end of the subsidy era.   The era is 20 years old …

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Do EVs Make Good Cents or Sense?

David Herron of Torque News stated in his article “60 kWh Tesla Model S rated at 208 mile electric driving range by EPA:” “The 85 kilowatt-hour Model S, $77,400 for 265 miles range, or $292/mile of range. The 60 kilowatt-hour Model S, $67,400 for 208 miles range, is $324/mile of range. The other electric cars …

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Iranian Gas and the Nabucco Pipeline Realities

The construction of the Nabucco pipeline from the Caspian region to Europe has been delayed.  Initially proposed in 2002, the construction of the pipeline was tentatively planned for 2009, which would have enabled it to deliver gas to the EU in 2011.  However, in May 2011 Reinhard Mitschek, the Nabucco Managing Director, commented “the timing …

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The Great Surgery of Iran’s economy

A memorable event took place in Iran’s economy in December of 2010. Iran’s President Mahmoud Ahmadinejad announced the launch of a project on subsidy reform (elimination of targeted subsidies), and called it a ‘great surgery’ on the weakened Iranian economy. In his TV speech, Ahmadinejad said that the elimination of subsidies in Iran will contribute …

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Iran’s economy can thrive without reliance on oil revenues: president

Iranian President Mahmoud Ahmadinejad said Saturday that Iran’s economy can thrive without reliance on oil revenues, semi-official Fars news agency reported. Running the country without reliance on oil revenues is possible as long as cooperation and solidarity exist among Iranians, Ahmadinejad was quoted as saying. “The Iranian nation should move toward the summits of glory, …

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Inside the West’s economic war with Iran

In his first week as U.S. president, Barack Obama told Iran’s leaders he would extend a hand if they would “unclench their fist” and persuade the West they weren’t trying to build a nuclear bomb. So far, they have not. In response, the United States and the European Union this year took a step they …

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US and Iran May Collaborate on Afghanistan Issue

JTW Interview with Assoc. Prof. Selçuk Çolakoğlu, Director of USAK Center for Asia-Pacific Studies You recently attended a conference by the Delhi Police Group titled ‘Afghanistan: Good Neighbourly Relations’. Could you spell out some of the takeaways from the two-day meet? Conferences organised by the Delhi Policy Group are essentially ‘Track II’ meetings that bring …

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Basij Commander: Iran at Economic War with Enemy

Basij Commander: Iran at Economic War with Enemy Commander of Basij (volunteer) force Brigadier General Mohammad Reza Naqdi said enemies have waged an all-out economic war on the country, and stressed that the economy of resistance is the best way for Iran to win this war. “We are now in economic war with the enemy,” …

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Iran reviews privatization impact on its economy

Discussing different aspects of privatization process in Iran; Senior economic experts and officials gathered in Tehran to review the impact of the implementation of the policies outlined in the article 44 of the constitution, which focuses on privatizing Iran’s economy. Addressing the conference President Ahmadinejad said that starting the privatization process in the country was …

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The imagined Iranian threat in Latin America

Reading the text of a bill that was recently signed into law by U.S. President Barack Obama would instill fear in the hearts of ordinary Americans. Apparently, barbarians coming from distant lands are at work. They are gathering at the U.S.-Mexico border, cutting fences and ready to wreak havoc on an otherwise serene American landscape. …

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Iran’s historic baazar (In pictures)

                    The azure that dominates Shia architecture, the Persian calligraphy and the Zoroastrian symbols adorning walls all testify to the beauty lying just below the surface of old Tehran, where the Grand Baazar provides more than just solace from the capital’s frenetic pace. The monuments, mosques …

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Iran Eying Better Rank in Global Economy

Iranian President Mahmoud Ahmadinejad underlined Tehran’s determination to promote its rank in global economy, saying that the country enjoys the capability to stand among the top 8 world economies in the next few years. “The economy of Iran has the capability to become the 7th or 8th largest world economy in 15 years,” Ahmadinejad said …

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Mideast economic change may start in Iran

Two years after the Arab masses took to the streets, mayhem’s end is nowhere in sight. In Cairo, the Arab world’s heartbeat, Egypt’s first freely elected government relegated the economy to the back burner to pursue a politics of divisiveness. President Mohammed Morsi’s attempt in November to impose himself on the judiciary resulted in renewed …

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Four investor predictions and a wild card for 2013

     It’s that time again when pundits and guru wannabes of all stripes say how they think 2013 will turn out for the economy and markets. Here are my four best predictions, along with one big wild card. 1. The U.S. economy will continue to grow, albeit slowly, in 2013. Now that we’ve avoided …

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Why the US Oil Market will go from Strength to Strength in 2013

In a continuation of our series on the state of the oil industry we look at some of the other ramifications of what we are labelling the Oil Renaissance in the US, and around the world for that matter.  This phrase was first proposed regarding the potential Nuclear turnaround here in the US, where companies …

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China in Africa: Partners in the Year of the Snake

African exports to China have increased six-fold since 2000 alone, the bulk of it in oil, and this year, China surpassed the US and Europe as Africa’s largest trading partner. Starting from $11 billion in bilateral trade in 2000, Beijing racked up $160 billion dollars in trade with Africa by 2011, and for 2012 Chinese …

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Five Unlikely Energy Surprises for 2013

Many people trot out their predictions for the coming year right about now. I’m generally allergic to predictions and think rather in terms of probabilities. Naturally, the world we live in is far too complicated to yield anything approaching certainty concerning such matters as the future price and supply of energy, future economic conditions, and …

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Why Riyadh Cares about the “Fiscal Cliff”

Oil revenue made up more than 90 percent of the total revenues for Saudi Arabia despite a steady decline in production. With a choppy 2012 drawing to a close, the Saudi finance minister said the kingdom had run a multibillion-dollar budget surplus. Despite a tense economic year, the ailing Saudi king, for his part, said …

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Syria’s Oil Now a Target of Civil War

It was only a matter of time before Syria’s oil industry, sagging as it may be, became a target in the country’s civil war, a conflict that is rapidly devastating Syria’s infrastructure and economy. The latest casualty is now Syria’s modest oil industry, already suffering from lack of modernization. In two separate incidents in the …

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What Investors Should be Looking out for in 2013

The lesson from 2012: We can ignore the Mayans, ZH and many other preachers of doom and gloom. Everything ends and the world will also end someday. We can’t get caught up in bear talk all the time and not live a normal life. This dysfunctional central bank liquidity fuelled market will again enter crisis …

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How Accurate are Long-Term Government Oil Forecasts, Can we Trust them?

[I]f you’re still operating under the assumption that the earth’s petroleum–or at least the cheap stuff–is about to run out, you’re not going to thrive in the new oil era. Technology is making it possible to find, produce, and refine oil so efficiently that its supply, at least for practical purposes, is basically unlimited. –Businessweek, …

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The Imperial Dream of the Muslim Brotherhood

The end will justify the means to unite the Islamic peoples into a world of virtue and prosperity to where the Muslim Brotherhood says that it will bring them.  Egypt is their launching platform.  The entire Islamic world is their objective. If they were running for office in the United States or any European country …

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U.S. Allies Ignore Washington’s Iran Sanctions

Since the U.S. began its “global war on terror” in late 2001 in the wake of al Qaeda’s U.S. attacks, two of its most stalwart Muslim allies have been Turkey and Pakistan. Since then Turkey has provided the Pentagon access to its massive aerial facility in Incirlik, a crucial component in both Iraq and Afghanistan, …

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Will Washington Now Hold Shell’s “Feet to the Fire?”

Environmental advocacy groups expressing concern over frontier oil developments in the Alaskan arctic started the New Year on news that Shell’s (NYSE:RDS.A) problems in the region continue. This week’s grounding of the drill ship Kulluk was evidence that working in the harsh arctic environment was “a monumentally bad idea,” said Greenpeace. The U.S.-based supermajor last year secured …

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Layoffs Have Slowed, Hiring Has Picked Up, But Jobless Claims Are Higher

There were 372,000 first-time claims for unemployment insurance last week, up by 10,000 from the week before, the Employment and Training Administration says. What’s more, that previous week’s total was revised up from the previous estimate of 350,000. The relatively negative news about jobless claims means that two out of this morning’s three employment-related reporters were …

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Was Boehner’s Fiscal Cliff End Run Past GOP The New Normal?

By letting the House take up the Senate’s fiscal cliff-dodging legislation that raises income tax rates on the wealthiest earners, Speaker John Boehner answered affirmatively a question that had been on many minds: Would he allow an up-or-down floor vote on a bill opposed by most fellow House Republicans? Until the New Year’s Day vote, …

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Argentina presses claim to Falkland Islands, accusing UK of colonialism

London (CNN) — Argentinian President Cristina Fernandez de Kirchner is once again calling on the UK to hand back the Falkland Islands — known in Argentina as Las Malvinas — accusing Britain of blatant colonialism. In an open letter to British Prime Minister David Cameron, which was published in the British press, she says that Britain …

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Cleaning House: Will Obama Go After the Big Boys?

The ban on BP (NYSE:BP) is only the tip of the iceberg. In the wake of oil spills, deaths, murky war contracts, sharing of government secrets and other lapses in ethics, Obama’s 2012 house-cleaning project will continue into the New Year. Cleaning up the messes of the past decade of contractual chaos in the US …

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Energy and Foreign Policy Predictions for 2013

The year 2012 helped bring answers to a few of the questions that loomed large for foreign observers when the year began. We now know who will lead the United States for the next four years. We have confirmation that the Muslim Brotherhood and its affiliated branches across the Arab Middle East remain the dominant, …

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Drinks, Diets And Meat: Hits Of 2012, Predictions For 2013

As the new year begins, we here at The Salt are looking back at the food topics that got you talking in 2012, and pondering which conversations will continue in 2013. (And, like many of you, we’re also firmly swearing off the holiday cookies.) So, instead, feast your eyes on this roundup of our top …

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