Today's Intel

Tuesday, May 15, 2012

BLOOMBERG

Manufacturing in the New York region expanded more than forecast in May as shipments surged and new orders improved.

International demand for U.S. financial assets rose in March as investors continued to seek safety from the debt crisis in Europe. Net buying of long-term equities, notes and bonds totaled $36.2 billion during the month, compared with net purchases of $10.1 billion in February.

The consumer-price index, a measure of the U.S. cost of living, was unchanged in April, restrained by a drop in energy prices and supporting the view of some Federal Reserve policy makers that inflation will ease.

Investments by Chinese firms rose to $7.8 billion last year, exceeding for the first time the $7.4 billion poured in by U.S. and other foreign funds, according to the Asian Venture Capital Journal.

Greece will hold new elections after President Karolos Papoulias failed to broker a governing coalition following an inconclusive May 6 vote, raising concern it may exit the euro.

Humans are using resources at such a pace they need another world to meet demand for land to grow crops and forests and raise animals, WWF International said. People required 18.2 billion hectares (45 billion acres) of land by 2008, with 12 billion productive hectares available, WWF said today in its biennial Living Planet report. About 55 percent of land needed was for forest to absorb carbon dioxide emissions.

AP Top Stories

The top U.S. commander in Afghanistan, Marine Gen. John Allen, is likely to leave to become the chief allied commander in Europe early next year as the war effort moves toward its final phase.

A New York Times/CBS News poll shows the possible political perils of President Obama's recent announcement that he supports same-sex marriage. Most of those polled say the president's position will not impact how they vote. But among those who say it will influence their choice, 26 percent said they are less likely to vote for Obama as a result, while 16 percent say they are more likely to.

Smoke from one of several Arizona wildfires that has shrouded the Phoenix area was expected to be cleared by winds Tuesday as firefighters worked to contain another blaze in the northern part of the state that has forced residents from their homes in a historic mining town.

Greek politicians failed to agree to a government at talks on Tuesday, nine days after an inconclusive election, one of the party leaders present at the latest meeting said.

An EU helicopter gunship swooped over the Somali coast to strike at a pirate stronghold Tuesday in a major escalation of an international effort to protect vital shipping lanes.

Syria's anti-regime revolt entered its 15th month amid relentless violence that has killed more than 12,000 people and growing fears by Arab countries that a UN-backed peace plan will fail.

Francois Hollande was sworn in as president of France on Tuesday with a solemn vow to find a new growth-led strategy to end the debt crisis threatening to unravel the eurozone.

Mitt Romney is set to pick up more delegates in the Oregon primary. He is only 171 short of the 1,144 he needs to wrap up the GOP presidential nomination, and 25 are at stake in Oregon.

The number of long-term unemployed workers aged 55 and older has more than doubled since the recession began in late 2007, and getting back to work is increasingly difficult.

U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.

U.S. consumers barely increased their spending on retail goods in April. The weak gain was affected by cheaper gas prices and possibly a mild winter.

BBC

California Governor Jerry Brown unveils a plan of tax hikes and spending cuts to tackle the cash-strapped state's yawning $15.7bn budget gap.

A free trade agreement between the US and Colombia takes effect five years after being signed, with Colombian flowers the first goods to be sent.

US Republican presidential candidate Ron Paul is to end active campaigning, a statement says, and will not campaign in states yet to hold primaries.

A retinal implant - or bionic eye - which is powered by light has been invented by scientists at Stanford University in California. Implants currently used in patients need to be powered by a battery. The new device, described in the journal Nature Photonics, uses a special pair of glasses to beam near infrared light into the eye.

Brazil says it will lift millions of children in its impoverished north and north-east out of poverty by expanding its social welfare programs.

EU naval forces conduct their first raid on pirate bases on the Somali mainland, saying they have destroyed several boats.

A hundred couples marry in an officially sanctioned mass ceremony in Nigeria - in an effort to provide stable homes for Muslim divorcees and widows.

Ratings agency Moody's has cut the credit ratings on 26 Italian banks, including Italy's largest lenders Unicredit and Intesa Sanpaolo.

Thousands of Palestinians rally to mark the anniversary of the "Nakba" or Catastrophe in 1948, when they fled their homes after the creation of Israel.

WND

Polls released over the last few weeks shows most Americans believe a global conflict is raging between Islam and the West.

A group of homeschool students won first place this year's Envirothon at the high school level for the fourth straight year.

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