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Texas May Start Hoarding Gold…Secession Next? – Yahoo! Finance (blog)

We all know the cliché: ‘Don’t mess with Texas.’ Well, a new piece of legislation is being proposed to send that message to Washington, when it comes to protecting Texas’ gold. A lawmaker has proposed a bill to create a Texas Bullion Depository, which would allow the state and its citizens to store gold bullion […]

Cypriot Finance Minister declines to comment on deal with Russia – Fox Business

MOSCOW –  Cypriot Finance Minister Michael Sarris declined to comment late on Thursday on whether he managed to secure a deal with Moscow after two-days-long talks. “No comment,” Sarris said when asked in his hotel lobby if a deal with Russia was secured. Sarris was meeting Russian Finance Minister Anton Siluanov on Thursday, after falling […]

Campaign Finance: Raise Spending Limits, Increase Transparency – The Atlantic

Campaign Finance: Raise Spending Limits, Increase Transparency – The Atlantic

Spending by super pacs was not just huge in the 2012 election, it was breathtaking: according to the Center for Responsive Politics, unregulated, often anonymous political donations by outside groups and donors totaled $622 million last year. As things turned out, the super-pac tsunami didn’t have much apparent effect on the election’s outcome. It did, however, […]

Senate Passes Bill to Finance Government and Soften Spending Cuts – New York Times (blog)

The Senate on Wednesday passed legislation to keep the government financed through the end of the fiscal year — and to take some of the sting out of across-the-board spending cuts coursing through the government. The bill, which passed 73 to 26, sticks to the hard cap of $984 billion for programs within Congress’s annual […]

Stockton Judge Rejects Creditor Reports on City Finance – Bloomberg

The judge who will decide whether Stockton, California, can remain in bankruptcy rejected two reports about the city’s finances by experts hired by creditors, saying they won’t help him in a trial that starts next week. U.S. Bankruptcy Judge Christopher M. Klein in Sacramento, California, said today he doesn’t need to hear the opinions of […]

Cyprus finance minister to stay in Russia ‘as long as it takes’ to reach deal – The Guardian

Russia and Cyprus were set to launch a second day of talks in Moscow on Thursday over a multibillion-dollar loan to help save the Mediterranean island from a financial crisis that could have a disastrous impact across Europe. The Cypriot finance minister, Michael Sarris, held inconclusive negotiations with top Russian officials on Wednesday, but said […]

Manappuram Finance Poised for Biggest Two-Day Plunge in a Decade – Bloomberg

Manappuram Finance Ltd. (MGFL) plunged for a second day after the Indian lender that accepts gold as collateral said falling prices of the yellow metal may trigger an increase in defaults and reduce fourth-quarter earnings. The shares dropped 11 percent to 24.6 rupees at 11:38 a.m. in Mumbai, extending yesterday’s 20 percent plunge. The stock […]

What aspects of personal and public finance should be taught in schools? – The Guardian

From the basics of choosing a lucrative bank account to playing the stock market, knowing how to manage your purse strings wisely is an essential life skill for any young person growing up in a nation still struggling to recover from a global economic crisis. Even Michael Gove agrees, adding personal budgeting and money management […]

Toward a National Weather Forecaster for Finance – Bloomberg

Toward a National Weather Forecaster for Finance – Bloomberg

At the time of World War I, many meteorologists had all but given up on the idea of accurate and scientific weather forecasting. Then a physicist and ambulance driver by the name of Lewis Richardson, in spare moments between terrifying bouts rescuing the injured, undertook a momentous project. His aim was to calculate, by simulating […]

The end of an era? – The Economist (blog)

PAUL KRUGMAN writes: Let me make a broader point: we’ve now seen three island nations around Europe become huge international banking hubs relative to their GDPs, then get into crisis because their domestic economies don’t have the resources to bail out those metastasized banking systems if something goes wrong. This strongly suggests, to me at […]