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Sascha Opel: Gold`s Bull Market Is Just Beginning The Gold Report submits:In this update from Sascha Opel, former chief editor of the first newsletter about the German "Neuer Markt" (New Market), he gives us his current thoughts on the precious metals market. Sascha's company, Orsus Consult GmbH, publishes one of the most popular German newsletters on commodities and junior mining and exploration. The Gold Report: Sascha, we last interviewed you in May 2008. At that time you felt that we were beginning a period of re-establishing gold as currency. Would you review your thinking on this viewpoint for our readers?Complete Story » Seeking AlphaBuffett`s worst year Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire's worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire's insurance operations. CNNFebruary Wrap-Up: 252 Banks on FDIC Watch List, Gold Pull Back, Dow Declines (Again) The Sun submits: Friday, the Federal Deposit Insurance Corp. (FDIC) released its last quarter banking profile (PDF) of 2008 and the banking sector is still very weak, despite hundreds of billions of dollars of infusion from the government. At the end of 2008, a total of 252 banks were placed on the FDIC’s problem bank list, up from 171 institutions at the end of the third quarter.The combined assets at these troubled financial institutions also went up from $116 billion at the end of third quarter to $159 billion. At the same time, earnings at banks kept falling. According to the FDIC report, the banking industry reported its first quarterly loss of $26.2 billion in the four quarter since 1990, with full year net income falling to $16.1 billion, which is also the lowest since 1990. While net income fell sharply, loan loss provisions skyrocketed to $60.3 billion in the last quarter of 2008, more than twice the amount set aside in the same period a year ago. The only good news we c Seeking Alpha |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]