News Links 10/18/2011
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Die EMH, Blasen und die Geldpolitik, Teil 1 – Kantoos Economics
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Apple sells 4M-plus new iPhone models in 3 days – BusinessWeek
Apple says it sold more than 4 million units of the new iPhone model in three days. It’s selling more than twice as fast as the previous model did when it launched last year.
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Bank of America lending profit down, expenses rise | Reuters
Bank of America Corp posted a third-quarter profit on Tuesday, helped by accounting gains and asset sales, but the bank’s main businesses showed signs of weakness as lending profits dropped and expenses rose.
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AppleInsider | Rumor: Apple shipped 13M iPads in Q3, short of internal forecasts
A new report claims that Apple shipped a record-setting 13 million iPad units in the third quarter of calendar 2011, but suggests that sum did not meet the company’s internal goals.
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Whether or not iPad shipments fell short of Apple’s expectations, sales of 13 million units would be a record setting quarter for the company. That number would handily best the 9.25 million iPads the company sold in its previous June quarter. -
BBC News – Goldman Sachs makes $393m loss on eurozone impact
Goldman Sachs has reported a quarterly loss, after its trading was “significantly impacted” by the debt crisis in the eurozone and the wider global economic uncertainty.
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Inflation hits 19-year high of 5.2pc on higher energy costs – Telegraph
Inflation jumped to a 19-year high of 5.2pc in September driven by higher energy prices, underlining the squeeze on living standards and landing the Government with a bumper bill for increased state benefits.
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Jacques Delors, Pervenche Berès, Yves Bertoncini and Daniel Cohen argue that “to restore confidence, we need a financial surge of eurobonds in the short term and union bonds to cement the EU’s future”
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China’s economic growth slows | Business | guardian.co.uk
China’s rapid economic growth eased in the latest quarter to a still-robust 9.1% amid government efforts to prevent overheating.
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CPI v RPI inflation – Telegraph
CPI Inflation rose to 4.5pc in August, while RPI – which includes mortgage payment and is regarded as a more accurate gauge of the cost of living in Britain – rose to 5.2pc.
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El Paso CEO to get $95 million in exit pay: report | Reuters
El Paso Corp Chief Executive Douglas Foshee does not plan to stay at Kinder Morgan Inc after the pipeline company acquires his employer, a Wall Street Journal report said.
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FT Alphaville » Eventually, French Spreads Fail (E.F.S.F.) — redux
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Sean Parker: Facebook Power Users Have Gone to Twitter or Google+
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Kritik an der Finanzbranche: Professoren attackieren Wall Street | FTD.de
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Herman Cain’s Credibility: Questionable, but Will It Matter? | Swampland | TIME.com
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Bank Of America: You Can’t Be A Protestor & Customer At Same Time – The Consumerist
This weekend, a few Bank of America protesters in Santa Cruz, CA, attempted to enter a local branch to close their accounts. Only problem was, according to a BofA employee, “you can’t be a protester and a customer at the same time.”
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BP partner Anadarko to pay $4bn towards oil spill costs – Telegraph
ONE of BP’s partners involved in the Gulf of Mexico oil spill has agreed to pay $4bn (£2.5bn) towards clean-up costs and civil claims resulting from the accident.
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THE State’s holding in Bank of Ireland has dropped to just over 15pc after a billion euro investment by a Canadian investment firm.
Fairfax Financial Holding has reduced the Government-managed stake from 36pc after buying up 10.51 billion shares at 10 cents each.
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Just 1 in 7 U.S. Workers Are Normal Weight Without Chronic Health Issue – Real Time Economics – WSJ
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Dimitri B. Papadimitriou: Endgame for the Euro
The grand experiment of a unified Europe with a shared common currency has entered its endgame. If the current trajectory continues, the disintegration of the euro is inevitable. It’s certainly not too early to ask: What would a post-euro Europe look like… and what are the alternatives?
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Hussman Funds – Weekly Market Comment – Europe: Just Getting Warmed Up – October 17, 2011
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