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California Economic Outlook
California faces $16-B budget shortfall
California's budget deficit has swelled to a projected $16-B, larger than had been predicted, and forces severe cuts to schools and public safety if voters fail to approve tax increases in November, Gov. Jerry Brown said Saturday.
The Democratic governor said the shortfall grew from $9.2-B in January in part because tax collections have not come in as [...] 
ASEAN + 3 Lifts Cambodia Trade
ASEAN: Cambodia's trade with South Korea, Vietnam rises in Q-1
Bi-lateral trade between Cambodia and South Korea had rose by 35% in Q-1 of Y 2012, according to statistics of the Korea Trade and Investment Promotion Agency in Phnom Penh Saturday.
During the January-March period this year, the total trade reached US$160-M, + 35% at the same period last year, it said.
Cambodia's exports to S [...]
Asia Preview Gold, Silver, Oil Prices
US Gold futures prices finished pit trade Monday and tapped a 4.5 month low. Most markets were under selling pressure due to the heightened European Union debt and financial crisis.
Jun Gold last traded off 20.30 at 1,563.70 oz.
Spot Gold was last quoted off 16.40 at 1,564.50 oz.
Jul Comex Silver last traded off 0.485 at 28.405 oz.
The EU debt crisis intensified over the weekend, plus [...]
Auto Sector Points to Recovery
The real story in this year's rankings of automakers by their suppliers in the 12th annual study of OEM working relations is not their overall rankings, but rather the dramatic and continuing slide of Toyota and Honda, and the continuing improvement of Chrysler Group, General Motors and Ford since 2005.
While still in first and second place overall respectively in this year's rankings, Toyota [...]
John Mauldin: EuroCrisis and Global Economics
A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools.
- Douglas Adams, The Hitchhiker's Guide to the Galaxy
For quite some time in this letter I have been making the case that for the eurozone to survive, the European Central Bank would have to print more money than any of us can now imagine. That th [...]
Obama, USA and Oil Prices
The US is becoming the World's fastest growing Crude Oil producer
The United States has become the World's fastest growing Crude Oil producer under President Barack Obama, said a former White House "Green Jobs" advisor.
"We are now 80% energy independent when it comes to oil," Van Jones. "If you put 10 gallons of gas in your car, eight came from the United States. That's a huge development [...]
The Hot List BRFH, IDCN, AEMC, IZEA
IZEA, Inc. (PINK:IZEA), Barfresh Food Group Inc (PINK:BRFH), INDOCAN RESOURCES INC (PINK:IDCN), ARCHER ENTMT MDA CMNS (PINK:AEMC)
Another sell off over the Eurocrisis is providing plenty of mainboard opportunities however we are still looking for the Dow to hit 12,500 before we begin any real buying.
In the meantime BRFH, IDCN, AEMC, IZEA are worth a look
Barfresh Food Group Inc (PINK:BRF [...]
EuroCrisis Voters Reject Merkel and Austerity
Merkel's party lost an election in Germany's most populous state, helping the Social Democrats tighten their grip on the country's regional governments.
The SPD, the main opposition party nationally, increased its share of the vote in yesterday's ballot in North Rhine- Westphalia. Support for Merkel's Christian Democratic Union fell to its lowest level since World War II.
Euro-area industria [...]
Hollywood Box Office News: Scarlett Johanssen, Johnny Depp
Domestic Box Office Report: 'The Avengers' tops with $103.2-M, 'Dark Shadows' disappoints
The Avengers cracks the $1-B mark worldwide in just 19 days, the 1st film in history to hit $100-M in its 2nd weekend at the domestic box office; "Dark Shadows" opens soft a $28.8-M.
The Avengers broke another record by grossing $103.2-M during the weekend in North America, becoming the 1st film in his [...]
China Attempts Stimulus
China cuts reserve requirement ratio (RRR) by 0.5%
China will lower banks' reserve requirement ratio (RRR) by 0.5 percentage points starting 18 May, the country's central bank announced Saturday.
The cut, the 2nd of its kind this year, will lower the RRR for the country's large financial institutions to 20% and the medium- and small-sized financial institutions to 16.5%, according to the Peo [...]
