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North Korea reports nuclear fusion success***my input;"wouldn't that be a kick in the ass!!"***
By John Sudworth
BBC News, Seoul
North Korea has announced that it has made significant progress towards the development of thermo-nuclear power.
It is a claim that is likely to be met with some scepticism.
Despite hopes that the technology can produce large quantities of cheap, clean energy, no country has so far succeeded in making it work.
North Korea is one of the world's poorest countries and struggles to generate enough electricity for lighting and other basic needs.
The statement, carried by North Korea's official state media, said the country's scientists had succeeded in carrying out nuclear fusion.
Laboratory demonstrations of the process, known to release large amounts of energy, are nothing new.
But the North Koreans appear to be claiming to have gone much further, by building what they describe as a "unique thermo-nuclear reaction device".
'Highly unlikely'
The dream of overcoming the huge technical challenges to make nuclear fusion commercially viable has so far eluded scientists in Europe, America and China, but they continue to try because the prize is so great: a cheap and abundant source of energy with little environmental impact.
North Korea's claim that it has completed the fundamental research, putting the technology within its grasp, will be dismissed as highly unlikely unless concrete evidence is produced.
Pyongyang says its latest scientific breakthrough coincides with the birthday of the country's founder, and eternal president Kim Il-sung - not the first time it seems that the laws of nature have been bent in his honour.
According to official biographies, when his son, the current leader Kim Jong-il was born, a new star appeared in the sky.
http://news.bbc.co.uk/2/hi/asia-pacific/8676678.stm
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Thanks, That never came across the major wires. Doesn't show in my Schwab news or heck even Google news. :-/ have to watch it here.
RPC nice call. Looks really good here. e/m
AKRX still in here, hoping they pr that FDA approval. Going for a new high again.
CMSI up 125% from yesterdays call. Glad I called I just forgot to buy it. DOPE!!
Watching CMSI. Volume alert.e/m
Budget Deficit in U.S. Widened to $82.7 Billion in April
May 12, 2010, 2:15 PM EDT
MORE FROM BUSINESSWEEK
May 12 (Bloomberg) -- The U.S. reported a budget deficit for April, the second such shortfall since 1983 for the month that typically sees an increase in income tax payments.
April marked a record 19th straight monthly shortfall, highlighting the challenges facing the Obama administration. Deterioration in the government’s balance sheet in coming years raises the risk of higher interest rates even as an improving economy helps generate taxable income.
“We’re not going to see the deficit come down until economy gets healthier,” Gary Thayer, chief macro strategist at Wells Fargo Advisors LLC in St. Louis, said before the report. “We still have some important problems with the economy. There’s still a tendency by policy makers and lawmakers to address the problem with additional spending.”
The government’s April budget deficit compares with a median forecast of $57.9 billion, according to a Bloomberg survey of 30 economists. Projections ranged from deficits of $20 billion to $90 billion.
For the fiscal year to date, the budget deficit totaled $799.7 billion compared with $802.3 billion during the same period last year.
The non-partisan Congressional Budget Office, in a report issued May 10, projected an April deficit of $85 billion. “The decline in non-withheld individual income tax receipts and the increase in individual refunds were partly offset by higher revenues from other sources,” the CBO said in the report.
Revenue Declines
Revenue and other income fell 7.9 percent to $245.3 billion in April from $266.2 billion the same month last year, the Treasury said.
Corporate tax receipts totaled $77.1 billion for the year to date, an increase of 8.9 percent. Individual income tax collections were down 11.6 percent so far this fiscal year to $500.8 billion.
Spending for the entire government for April jumped 14.2 percent from the same month a year earlier to $328 billion.
Outlays by the Social Security Administration rose to $437.7 billion for the fiscal year to date. Spending by the Department of Health and Human Services, which administers the Medicare and Medicaid programs, rose to $504 billion.
Defense Spending
Spending by the Defense Department rose to $396.5 billion. Defense Secretary Robert Gates said last week that he’s directing the military services in their fiscal 2012 budgets to cut spending on bureaucracy and infrastructure and transfer the savings to weapons and personnel accounts.
Spending on TARP, the emergency financing program organized to rescue banks and other firms, fell to $6.5 billion so far this fiscal year.
The Obama administration forecasts a $1.6 trillion budget deficit in the current fiscal year that began Oct. 1. President Barack Obama’s debt commission met April 27, the first of a series of meetings aimed at producing a plan to reduce the deficit.
Administration officials and Democrats in Congress are looking to the commission for recommendations on reducing the federal debt, which is currently projected to reach 90 percent of the economy by 2020. Interest payments are forecast to quadruple to more than $900 billion annually by that year.
Long-Term Borrowing
The Treasury is beginning to get a lift from an expanding economy as it emerges from the worst recession since the 1930s. The economy grew 3.2 percent from January through March, the third straight quarter of growth, helping the government to cut long-term borrowing for the first time since 2007.
Dealers in Treasury bills, notes and bonds anticipate the 2010 shortfall will be below the official $1.6 trillion White House forecast, and the Treasury indicated that tax revenue is increasing as the economy recovers. The U.S. last week announced plans to sell $78 billion in quarterly sales of notes and bonds, down $3 billion from three months ago.
I have to agree with you, why not let there be further analysis. I am guessing we will find out after the market closes though.
AKRX form 4 yesterday, Director added 16000 shares apx $40k worth.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7248769
AKRX nice find!! e/m
NLST up 25% already think it will go for more? The earnings were good but it must close to topping out, NO?
That is pretty crazy. I can't even imagine being on the floor for that.
Top 5 Companies in the Construction & Engineering Industry With the Best Relative Performance (GLDD, CBI, MTZ, FWLT, INSU)
Written on Tue, 05/11/2010 - 01:10
By Chip Brian
Below are the top five companies in the Construction & Engineering industry as measured by relative performance. Some analysts believe that stocks with better relative performance will tend to outperform stocks with low relative strength.
Great Lakes Dredge & Dock (NASDAQ:GLDD) ranks first with a gain of 12.05%; Chicago Bridge & Iron (NYSE:CBI) ranks second with a gain of 10.6%; and MasTec (NYSE:MTZ) ranks third with a gain of 9.14%.
Foster Wheeler (NASDAQ:FWLT) follows with a gain of 8.15% and Insituform Technologies (NASDAQ:INSU) rounds out the top five with a gain of 8.14%.
SmarTrend is bearish on shares of FWLT and our subscribers were alerted to Sell on May 04, 2010 at $29.09. The stock has fallen 9.2% since the alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/top-5-companies-construction-engineering-industry-best-relative-performance-g
I Completely agree!! We may see a dip here short term but that will be time to add more.
ASF running on "+" earnings. em
DTG at $50.28 I remember playing it at .70. I am getting the noose out now, feckit!! PUKE PUKE PUKE
add the p/e and wow. The longer the BOD takes the worse their chances are. imo
Now that's a chart. e/m
WOW!! Did I say your future spouse was lucky?...Can I have take backs!!
lol, Did I say you? I meant my dart board.
Thanks Langy, FTBK, Made my monthly quota in an hour. Got it off your post. Have a great week.
FTBK, I just sold. Made my monthly quota in an hour. Look at that biatch keep running. Have a great week.
FTBK I just shat myself!! I am up 10k in minutes
Sold 7.40
FTBK c'mon 7's!!!!e/m
stop moved up to 6.60
FTBK ran up so quick here I didn't get my sell in. HOLY SHNIKES
Just saw this sticky!! Congrats. I wish you all the best. Your man is a Lucky guy!! That's if you play for my team. If your on their team she is a lucky gal...........nothing is easy any more...anyways Congrats!!
FNSC $1.09 x$1.23
another small floater 8.15 million shares
FTBK (from Schwab)First Quarter Earnings Announcement Expected: Earnings will tentatively be announced Monday. Followed by a single analyst, forecast earnings are $-4.00. The mean has trended upward from the last estimate of $-10.86.
Buy at 5.40 sell at 6
That would bring the .10's imo. e/m
FTBK, Man that's a small float. Are earnings after the bell today?
#Outstanding Shares
4,725,076 as of MAR 10, 2010
2,105,014 Above Avg volume by 11am est.e/m
VSTNQ, Told ya so!!
VSTNQ hit 1.60's, I'm thinking she will try to hit the 1.82ish resistance very soon.
That must of been the dip before the run(the other day). Trying to scare for shares. Well let her run NOW!!! GLTA
VSTNQ to DA MOOOON!! lmao, I couldn't resist.
Dave is well, I just spoke with him on the phone earlier today(um yesterday). He is just getting some things in order. Said he'll be back on intermittently soon. I'm guessing a month or so. I'll tell him you asked about him. Take care Morning.
Do you think RMIX will go for the 200d ?