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Tuesday, May 29, 2012

Daily Alert: Economy


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May 29, 2012
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PRESENTING: Jim O'Neill's Huge Presentation On The Global Economic Outlook And World Financial Markets PRESENTING: Jim O'Neill's Huge Presentation On The Global Economic Outlook And World Financial Markets
by Sam Ro on May 29, 2012, 10:31 AM
43 awesome charts.


These Four Days Are Going To Be Huge These Four Days Are Going To Be Huge
by Joe Weisenthal on May 29, 2012, 5:53 AM
A jam-packed shortened week.


PETER SCHIFF: Here's What The US Will Look Like If I Were King PETER SCHIFF: Here's What The US Will Look Like If I Were King
by William Wei on May 29, 2012, 12:26 PM
"What am I not gonna cut?"


ART CASHIN: You Can't Rule Out The Possibility Of A Horrible Jobs Number This Friday ART CASHIN: You Can't Rule Out The Possibility Of A Horrible Jobs Number This Friday
by Sam Ro on May 29, 2012, 12:58 PM
A possible market stunner.


People Don't Want To Pay For Feature-Rich Versions Of Stuff They Already Own People Don't Want To Pay For Feature-Rich Versions Of Stuff They Already Own
by Chris Dixon on May 29, 2012, 9:18 AM
The rise of the experience economy.


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Cheat Sheet - Mitt’s Lame Massachusetts Record

The Cheat Sheet

Today: Facebook Stock Falls to New Low , Syrian Diplomats Expelled , 5.8 Quake Shakes Italy
Cheat Sheet: Afternoon

May 29, 2012
LACKLUSTER

Romney loves to attack Barack Obama’s record of job creation as president. Too bad Mitt’s record as Massachusetts governor pales in comparison, says The Daily Beast’s Michael Tomasky.

MARK AS SPAM

What’s worse than your stock tumbling after going public? Your stock tumbling some more. Facebook shares slid another 5 percent Tuesday, dropping the social network’s value about 21 percent since going public on May 18. The stock closed at $28.84 for the day, down from an IPO of $42. As for Zuckerberg’s personal life, things couldn’t be better. He’s just off a honeymoon in Rome with his Facebook-official wife, Priscilla Chan, and the two made a surprise—and accidental—cameo in a Chinese documentary.

Red Alert

Kofi Annan began negotiations in Syria on Monday in an effort to save his peace plan, while Russia, one of Syria’s allies, said the government should take most of the blame for the violence in Houla. The United Nations envoy will meet with Syrian President Bashar al-Assad on Tuesday, in a trip that was planned before the violent massacre took place on Friday. “I urge the government to take bold steps to signal that it is serious in its intention to resolve this crisis peacefully, and for everyone involved to help create the right context for a credible political process,” Annan said. Separately, Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, claimed that he has prepared military options for the crisis in Syria. Meanwhile Australia, Canada, Germany, Spain, France, Britain, and Italy all announced Tuesday that they would expel all Syrian diplomats immediately, a move coordinated with the U.S.’s hardline action.

DEADLY

A 5.8-magnitude earthquake hit northern Italy early Tuesday morning, killing at least 15 people and injuring another 200. The quake is the second to hit the region in nine days, after 6.0-magnitude earthquake struck on May 20 and left seven people dead and destroyed hundreds of buildings. Tuesday’s earthquake caused many more buildings damaged by the May 20 earthquake to collapse. Thousands of people were already sleeping in tents after their homes were destroyed, and Tuesday’s quake sent even more panic across the region.

WORLD TRAVELER

Despite tensions with Burmese President Thein Sein, Democratic leader and activist Aung Sung Suu Kyi is making major strides in her new parliamentary role. The long-time political prisoner arrived in Thailand on Tuesday night—her first trip away from Burma in 24 years—where she is scheduled to meet with migrant workers, Burmese war refugees, and leaders at the World Economic Forum on East Asia. She’ll return to Burma before traveling to Europe in mid-June to formally accept the Nobel Peace Prize she was awarded 21 years ago.


TARGET
Al Qaeda’s No. 2 Afghan Killed
By NATO airstrikes.
YIKES
Radioactive Bluefin Tuna Enters U.S.
Contaminated after Japan nuclear crisis.
MIAMI ZOMBIE
Bath Salts Had Role in Face-Eating?
Attacker identified as Rudy Eugene, 31.
UNCONTAINED
NM Fire Nears State Record
Torched 152,000 acres by Tuesday.
Keeping Distance
Obama Won’t Appear With Maher
Super PAC chief slams Mitt for embracing Trump.
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