Wednesday, August 22, 2012

DailyMarkets.com - Sugar Struggles As Prices Fall Below 20 Cents

DailyMarkets.com - Sugar Struggles As Prices Fall Below 20 Cents

Sugar Struggles As Prices Fall Below 20 Cents

Posted: 22 Aug 2012 07:11 AM PDT

Wednesday, August 22, 2012
Sugar prices appear oversold after falling over 4 cents per pound over the past 4 weeks. However, any bounce may be short-lived while the Brazilian harvest is under way and hedge selling is prevalent.
Fundamentals
Sugar futures have not been very sweet for commodity bulls lately, as prices continue to hold near 2-month lows. Prices have fallen just over 4 cents per pound over the past 4 weeks. Harvest conditions in Brazil, the world’s largest Sugar producer, have … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Iceland Holds Rates, Sees Tightening As Economy Improves

Posted: 22 Aug 2012 06:26 AM PDT

    The Central Bank of Iceland kept interest rates unchanged but said the recovery of the domestic economy continues to gain momentum, despite a weaker global outlook, and it would be necessary to tighten policy further as spare capacity disappears.
    The Icelandic central bank, which has already raised its benchmark overnight lending rate by 100 basis points to 6.75 percent this year, said the degree of tightening of interest rates towards “normalisation” would depend on … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

You Can’t Give Away Free Food OR Free Water

Posted: 22 Aug 2012 05:42 AM PDT

I posted recently about how you apparently can’t give away free food to poor children in Philadelphia or distribute free food to the homeless in Houston without a permission slip from the government.  Here’s another story about a Phoenix woman who was told by a city official that she was violating city code by giving away free bottled water in the downtown area without a permit during 112-degree heat.   

HT: Warren … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

David Skeel: Respect For The Rule Of Law

Posted: 22 Aug 2012 05:32 AM PDT

If we do not have the courage to enact laws and then mandate that they are upheld, what type of future will we have? Not the future that we could have and should have. I have tried to address this topic regularly here at Sense on Cents.
A few months back, I highlighted a clip from Barron's that I found quite chilling:

When countries improve rule of law, property rights, and investor protections, and when regulation becomes more transparent and corruption reduced, there are major … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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