Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below is a guest contribution by Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors.The odds of winning tonight’s Mega Millions jackpot are 1 in 175,711,536. This remote chance hasn’t stopped people from lining up to buy a ticket, as the “what-if-I-win” idea seems so thrilling.
Global ticket sales broke records in 2012, hitting $34.7 billion internationally, thanks to the strength of foreign markets and a rebound at the domestic box office. Overall, the box office rose 6 percent last year, according to a state of the movie industry report released Thursday by the Motion Picture Association of America.
By Andrew Sachais:A few days ago I appeared on the George Jarkesy show and recommended his listeners take a look at Freeport-McMoRan Copper and Gold Inc. (FCX). I intend for this article to be the look they were hoping for. This company trades at the will of its macro environment, thus calling for a macro picture to be painted.
Peter Fuhrman submits:How’s this for a monetary paradox: the world’s fastest-growing major economy, the second-largest economy in the world, with more billionaires than any country except the US, has a currency whose highest denominated bill is worth less than that of any developed country in the world, as well as many of the poorest ones. We’re talking, of course, about China. The largest denominated bill is the red 100 yuan note.
Justin Trudeau made an assured and predictable start to his career as Liberal leader in the House of Commons today, attempting to make Canada’s middle class a battleground between the Grits and the Harper government.
A former software engineer for Motorola was found guilty Wednesday of stealing trade secrets from the US technology firm just before she tried to leave the country for China, the Justice Department said.Hanjuan Jin, a naturalized US citizen born in China, was acquitted however in a bench trial on charges of economic espionage.Officials said Jin had more than 1,000 Motorola proprietary documents when she was stopped by US customs officials as she attempted to travel on a one-way ticket to China in February 2007.