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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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TAG Oil Ltd. (TAOIF: OTCQX International) | TAG Oil’s Ngapaeruru-1 Well Intersects Oil and Gas Shows in Source Rock

Category : Stocks

< ?xml version="1.0" encoding="UTF-8"?>

TAG Oil’s Ngapaeruru-1 Well Intersects Oil and Gas Shows in Source Rock

PR Newswire

VANCOUVER, May 14, 2013

VANCOUVER, May 14, 2013 /PRNewswire/ – TAG Oil Ltd. (TSX: TAO) and (OTCQX:
TAOIF), reports that TAG’s 100%-controlled Ngapaeruru-1 exploration
well has reached a total depth of 1417 meters after successfully
drilling through the Waipawa and Whangai source rock formations, the
main objective of the well.

Excellent mud gas shows – which indicate the presence of gas zones or
soluble gas in oil – were recorded between the intervals of 1140 -
1295m (155m gross hydrocarbon column). Preliminary gas ratio analysis
interprets a predominantly wet gas / oil signature. All data has now
been forwarded to independent laboratories for expert analysis.

In addition, TAG Oil cut and recovered sidewall cores over 14 separate
intervals within the 155 meters of potential unconventional oil and gas
pay, sampled total organic content (TOC) and acquired in-situ gas analysis at depth. Detailed petrophysical evaluation is now
underway with a full suite of unconventional logs to ascertain source
rock quality, fracture identification, geochemistry, and rock moduli
data. This data is critical to determining the most suitable completion
method and production testing of the Ngapaeruru-1 well, as well as to
better understanding the long term feasibility of TAG’s East Coast
Basin opportunity.

“Our team did an excellent job drilling this first ever unconventional
target in the East Coast Basin,” commented Drew Cadenhead, TAG’s Chief
Operating Officer. “Diligence and communication made certain that the
occasionally tricky drilling conditions in this Basin were handled as
planned: safely, efficiently, and with no environmental incidents. The
fact that early mud-log analysis has returned wet gas and oil
indications is both encouraging and very exciting. We’re looking
forward to more detailed results once analysis of the data acquired
from the Ngapaeruru-1 well is complete.”

Ngapaeruru-1 is located in TAG’s 100%-controlled Petroleum Exploration
Permit 38349 in the East Coast Basin of New Zealand. The Ngapaeruru-1
well represents New Zealand’s first test directly targeting the
naturally fractured Waipawa and Whangai formation source rocks which is
believed to contain a significant oil and gas resource.

For further information on the Ngapaeruru-1 exploration well and TAG
Oil’s unconventional prospects please visit:
http://www.tagoil.com/20130422-TAG-Oil-First-Oil-And-Gas-Exploration-Well-East-Coast-Basin.asp

TAG Oil Ltd.

TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian-based production and exploration company with operations
focused exclusively in New Zealand. With 100% ownership over all its
core assets, including extensive oil and gas production infrastructure,
TAG is enjoying substantial oil and gas production and reserve growth
through development of several light oil and gas discoveries. TAG is
also actively drilling high-impact exploration prospects identified
across more than 2,984,171 net acres of land in New Zealand.

In the East Coast Basin, TAG is exploring the major unconventional
resource potential believed to exist in the source-rock formations that
are widespread over the Company’s acreage. These oil-rich and naturally
fractured formations have many similarities to North America’s Bakken
source-rock formation in the successful Williston Basin.

Cautionary Note Regarding Forward-Looking Statements:

Statements contained in this news release that are not historical facts
are forward-looking statements that involve various risks and
uncertainty affecting the business of TAG. Such statements can be
generally, but not always, identified by words such as “expects”,
“plans”, “anticipates”, “intends”, “estimates”, “forecasts”,
“schedules”, “prepares”, “potential” and similar expressions, or that
events or conditions “will”, “would”, “may”, “could” or “should” occur.
All estimates and statements that describe the Company’s objectives,
mudlog gas readings, oil indicators, drilling, goals and or future
plans with respect to the drilling in the East Coast Basin
forward-looking statements under applicable securities laws and
necessarily involve risks and uncertainties including, without
limitation: risks associated with oil and gas exploration, development,
exploitation and production, geological risks, marketing and
transportation, the risk associated with estimating undiscovered
original initially-in-place, availability of adequate funding,
volatility of commodity prices, environmental risks, competition from
others, and changes in the regulatory and taxation environment. Actual
results may vary materially from the information provided in this
release, and there is no representation by TAG Oil that the actual
results realized in the future will be the same in whole or in part as
those presented herein.

Other factors that could cause actual results to differ from those
contained in the forward-looking statements are also set forth in
filings that TAG and its independent evaluator have made, including
TAG’s most recently filed reports in Canada under National Instrument
51-101, which can be found under TAG’s SEDAR profile at www.sedar.com.

TAG undertakes no obligation, except as otherwise required by law, to
update these forward-looking statements in the event that management’s
beliefs, estimates or opinions, or other factors change.

SOURCE TAG Oil Ltd.

See the article here: TAG Oil Ltd. (TAOIF: OTCQX International) | TAG Oil’s Ngapaeruru-1 Well Intersects Oil and Gas Shows in Source Rock

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ZE PowerGroup Inc. Wins Data Management House of the Year for Fifth Consecutive Year

Category : Stocks

RICHMOND, BRITISH COLUMBIA–(Marketwired – May 15, 2013) - ZE PowerGroup Inc. (ZE) is pleased to announce it has been named the Energy Risk ‘Data Management House of the Year’ for the fifth consecutive year for its flagship product the ZEMA Suite. ZE received the award last night at the Energy Risk annual awards ceremony in Houston, Texas, held at the Hilton Post Oak.

Follow this link: ZE PowerGroup Inc. Wins Data Management House of the Year for Fifth Consecutive Year

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Strategist predicts end of Bitcoin

Category : Business

Bitcoin is getting a lot of attention right now. But someone will eventually build a better virtual currency, says global risk strategist Ian Bremmer.

See the original post here: Strategist predicts end of Bitcoin

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Orofino Gold Corp (ORFG: OTC Pink Current) | Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

Category : Stocks, World News

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Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

PR Newswire

LAS VEGAS, May 10, 2013

LAS VEGAS, May 10, 2013 /PRNewswire/ – Orofino Gold Corp. (PINK OTC: ORFG)
(“Orofino Gold” or the “Company”) is pleased to announce that it has
Gold development projects in Colombia, a current hot spot for large
Gold/Copper porphyry systems, with the occurrence of the very high
grade gold vein systems in the central part of the Senderos de Oro
project and with many small scale grinding and amalgamation mills
in-place.

Orofino Gold is planning to design a central processing and recovery
facility that is modular in design and will be capable of processing
enough high grade material to produce up to100, 000 ounces of gold
annually while the Company continues to explore further the potential
Primary Porphyry target.

The company has reviewed several engineering and design firms with gold
production design facilities, fabrication, and operational expertise
and is reviewing a short list prior to engaging the design team.
Orofino intends to continue the relationships currently enjoyed with
government agencies, the local communities, as well as current
production teams and will involve these groups in all major processing
and production planning decisions.

Forward-Looking Statements

These statements are not guarantees of future performance and involve
certain risks and uncertainties that are difficult to predict. Actual
results could vary materially from the description contained herein due
to many risk factors that affect the industry the Company operates in
and other risk factors listed from time to time in the Company’s
Securities and Exchange Commission (SEC) filings under “risk factors”
and elsewhere. The forward-looking statements contained in this press
release speak only as of the date on which they are made, and the
Company does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this
press release.

SOURCE Orofino Gold Corp.

Visit link: Orofino Gold Corp (ORFG: OTC Pink Current) | Orofino Gold Corp: The Company targets improved State of the Art Gold Recovery Systems

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Grillit, Inc. (GRLT: OTC Pink Current) | /CORRECTION – GRILLiT®, Inc. Announces Grand Opening Of Pembroke Pines Restaurant Location

Category : Stocks, World News

< ?xml version="1.0" encoding="UTF-8"?>

/CORRECTION – GRILLiT</p> <div class="tweetthis" style="text-align:left;"><p> <a target="_blank" rel="nofollow" class="tt" href="http://twitter.com/intent/tweet?text=Grillit%2C+Inc.+%28GRLT%3A+OTC+Pink+Current%29+%7C+%2FCORRECTION+%E2%80%93+GRILLiT%C2%AE%2C+Inc.+Announces+Grand+Opening+...+http%3A%2F%2Fpennystockpaycheck.com%2Fnews%2F%3Fp%3D104393" title="Post to Twitter"><img class="nothumb" src="http://pennystockpaycheck.com/news/wp-content/plugins/tweet-this/icons/en/twitter/tt-twitter-micro3.png" alt="Post to Twitter" /></a></p></div> </div> </div> <div class="post-103753 post type-post status-publish format-standard hentry category-business tag-environment tag-hospitals tag-hse tag-lost tag-nuclear tag-nuclear-power tag-public tag-radioactive tag-risk tag-science tag-the-guardian" id="post-103753"> <div class="post_top"> <div class="post_title"> <h2><a href="http://pennystockpaycheck.com/news/?p=103753" rel="bookmark" title="Permanent Link to Radioactive materials lost in more than 30 incidents over past decade">Radioactive materials lost in more than 30 incidents over past decade</a></h2> </div> <div class="post_top_data"> <p class="post_author">Posted by <span>admin</span> | Posted on 06-05-2013</p> <p class="post_cats">Category : <span><a href="http://pennystockpaycheck.com/news/?cat=57" title="View all posts in Business" rel="category">Business</a></span></p> <p class="post_tags">Tags: <span><a href="http://pennystockpaycheck.com/news/?tag=environment" rel="tag">environment</a>, <a href="http://pennystockpaycheck.com/news/?tag=hospitals" rel="tag">hospitals</a>, <a href="http://pennystockpaycheck.com/news/?tag=hse" rel="tag">hse</a>, <a href="http://pennystockpaycheck.com/news/?tag=lost" rel="tag">lost</a>, <a href="http://pennystockpaycheck.com/news/?tag=nuclear" rel="tag">nuclear</a>, <a href="http://pennystockpaycheck.com/news/?tag=nuclear-power" rel="tag">nuclear power</a>, <a href="http://pennystockpaycheck.com/news/?tag=public" rel="tag">public</a>, <a href="http://pennystockpaycheck.com/news/?tag=radioactive" rel="tag">radioactive</a>, <a href="http://pennystockpaycheck.com/news/?tag=risk" rel="tag">risk</a>, <a href="http://pennystockpaycheck.com/news/?tag=science" rel="tag">science</a>, <a href="http://pennystockpaycheck.com/news/?tag=the-guardian" rel="tag">the guardian</a></span></p> </div> </div> <div class="entry"> <p> <div><img alt="" src="http://hits.guardian.co.uk/b/ss/guardiangu-feeds/1/H.25.4/84870?ns=guardian&pageName=Article%3Aradioactive-materials-lost-30-incidents%3A1903594&ch=Environment&c3=Guardian&c4=Nuclear+waste+%28environment%29%2CNuclear+power+%28Environment%29%2CEnvironment%2CUK+news%2CWorld+news%2CHospitals%2CSociety%2CScience&c5=Society+Weekly%2CUnclassified%2CNot+commercially+useful%2CEnergy%2CEthical+Living&c6=Terry+Macalister&c7=2013%2F05%2F05+07%3A00&c8=1903594&c9=Article&c10=News&c13=&c19=GUK&c47=UK&c64=UK&c65=Radioactive+materials+lost+in+more+than+30+incidents+over+past+decade&c66=Environment&c72=&c73=&c74=&c75=&h2=GU%2FEnvironment%2FEnvironment%2FNuclear+waste" width="1" height="1" /></div> </p> <p>Health and safety watchdog admits firms and hospitals have mislaid dangerous substances that could be used by terrorists</p> <p>Radioactive materials have gone missing from businesses, hospitals and even schools more than 30 times over the last decade, a freedom of information request to the UK’s health and safety authorities has revealed.</p> <p>Nuclear experts have warned that some of the lost material could be used by terrorists and said there should be a crackdown by the regulators to ensure such “carelessness” is brought to a speedy halt.</p> <p>Among the big names that have lost potentially dangerous materials are Rolls-Royce at a site in Derby, the Sellafield nuclear plant in Cumbria and the Royal Free hospital in London. Some organisations have been prosecuted but others have got away with little more than a warning notice, papers released by the Health and Safety Executive (HSE) reveal.</p> <p>Missing items include a 13kg ball of depleted uranium from the Sheffield Forgemasters steel operation in 2008, plus small pellets of extremely radioactive ytterbium-169 from Rolls-Royce Marine Operations.</p> <p>The Royal Free hospital lost caesium-137 – used in cancer treatment – which a report into the incident accepted had “the potential to cause significant radiation injuries to anyone handling [it] directly or being in the proximity for a short period of time.”</p> <p>In another case, at the site of the former atomic energy research station at Harwell near Oxford, cobalt-60 was “found in a tube store under a machine during clearance,” according to the HSE.</p> <p>The oil services firm Schlumberger also “temporarily lost” caesium-137 radioactive materials on a North Sea platform, while Southampton General hospital could not locate an “unsealed source” of iodine-131 in February last year.</p> <p>John Large, an internationally renowned consultant to the nuclear industry, said it was disturbing that losses of the magnitude detailed were happening so frequently.</p> <p>“The unacceptable frequency and seriousness of these losses, some with the potential for severe radiological consequences, reflect poorly on the licensees and the HSE regulator, whose duty is to ensure that the licensee is a fit and competent organisation to safeguard such radiological hazardous materials and substances. I cannot understand why it is not considered to be in the public interest to vigorously prosecute all such offenders.</p> <p>“Clearly these organisations have been careless and wanting in their duty to safeguard and secure these radioactive substances, some of which remain extremely radiologically hazardous for many years – such slack security raises deep concerns about the accessibility of these substances to terrorists and others of malevolent intent.”</p> <p>The HSE said it always considered all enforcement action against those involved, up to and including prosecution, but its final decision rested on issues including the likelihood of securing a conviction and the public interest. “Prosecutions have been undertaken successfully by HSE in the case of Schlumberger and the Royal Free hospital,” it said in a statement.</p> <p>By contrast, the universities of York and Warwick received “written advice” and an “improvement notice” respectively over the loss of radioactive materials used for demonstrations in their science departments. Loreto high school in Manchester is being investigated by the HSE over the loss of an americium-241 radioactive source and four small mineral samples.</p> <p>In February of this year the Sellafield nuclear plant pleaded guilty at Workington magistrates court to sending several bags of radioactive waste to the wrong facility.</p> <p>The company was prosecuted by the Environment Agency and the Office for Nuclear Regulation after four bags of mixed general waste, such as plastic, paper, tissues, clothing, wood and metal, from normal operations in controlled areas of the site were sent to Lillyhall landfill site in Workington. The bags should have been sent to the Low Level Waste Repository at Drigg, Cumbria, – a specialist facility which treats and stores low-level radioactive waste consignments.</p> <p>Large, who led the nuclear risk assessment team for the raising of the damaged Russian nuclear submarine Kursk in 2001, said in a number of cases publicised through the FoI disclosure people seemed to have been potentially put in danger. “The licensed use of such radioactive sources requires the licensee to be a fit person and demonstrate competence and each of the sources is accompanied by ‘cradle to grave’ documentation that requires a prearranged and managed storage/disposal route – these safeguards have clearly failed and the workforce and, indeed, members of the public may have been placed at radiological risk.”</p> <p>He added: “Some of these lost radioactive sources are very persistent, for example the Royal Free hospital’s lost caesium-137 has a radioactive decay half-life of around 30 years, so it remains radio-toxic for at least 10 half-lives or about 300 years, and the unsealed source of iodine-131 lost by Southampton hospital is extremely volatile, easily breathed in and reconcentrated by the thyroid gland, presenting a cancer risk, and certainly not amenable to release into the atmosphere of a public place such as a hospital.”</p> <div> <ul> <li><a href="http://www.guardian.co.uk/environment/nuclear-waste">Nuclear waste</a></li> <li><a href="http://www.guardian.co.uk/environment/nuclearpower">Nuclear power</a></li> <li><a href="http://www.guardian.co.uk/society/hospitals">Hospitals</a></li> </ul> </div> <div><a href="http://www.guardian.co.uk/profile/terrymacalister">Terry Macalister</a></div> <p> <div><a href="http://www.guardian.co.uk">guardian.co.uk</a> </p> <div class="tweetthis" style="text-align:left;"><p> <a target="_blank" rel="nofollow" class="tt" href="http://twitter.com/intent/tweet?text=Radioactive+materials+lost+in+more+than+30+incidents+over+past+decade+http%3A%2F%2Fpennystockpaycheck.com%2Fnews%2F%3Fp%3D103753" title="Post to Twitter"><img class="nothumb" src="http://pennystockpaycheck.com/news/wp-content/plugins/tweet-this/icons/en/twitter/tt-twitter-micro3.png" alt="Post to Twitter" /></a></p></div> </div> </div> <div class="post-101072 post type-post status-publish format-standard hentry category-business tag-change tag-coca tag-cola tag-distributes tag-enterprises tag-jobs tag-planned tag-products tag-risk tag-warns" id="post-101072"> <div class="post_top"> <div class="post_title"> <h2><a href="http://pennystockpaycheck.com/news/?p=101072" rel="bookmark" title="Permanent Link to Coca-Cola warns of possible job cuts">Coca-Cola warns of possible job cuts</a></h2> </div> <div class="post_top_data"> <p class="post_author">Posted by <span>admin</span> | Posted on 23-04-2013</p> <p class="post_cats">Category : <span><a href="http://pennystockpaycheck.com/news/?cat=57" title="View all posts in Business" rel="category">Business</a></span></p> <p class="post_tags">Tags: <span><a href="http://pennystockpaycheck.com/news/?tag=change" rel="tag">change</a>, <a href="http://pennystockpaycheck.com/news/?tag=coca" rel="tag">coca</a>, <a href="http://pennystockpaycheck.com/news/?tag=cola" rel="tag">cola</a>, <a href="http://pennystockpaycheck.com/news/?tag=distributes" rel="tag">distributes</a>, <a href="http://pennystockpaycheck.com/news/?tag=enterprises" rel="tag">enterprises</a>, <a href="http://pennystockpaycheck.com/news/?tag=jobs" rel="tag">jobs</a>, <a href="http://pennystockpaycheck.com/news/?tag=planned" rel="tag">planned</a>, <a href="http://pennystockpaycheck.com/news/?tag=products" rel="tag">products</a>, <a href="http://pennystockpaycheck.com/news/?tag=risk" rel="tag">risk</a>, <a href="http://pennystockpaycheck.com/news/?tag=warns" rel="tag">warns</a></span></p> </div> </div> <div class="entry"> <p>Coca-Cola Enterprises warns that 288 jobs are at risk across the UK, due to a planned change in the way its distributes its products.</p> </p> <p>Visit link: <a target="_blank" href="http://www.bbc.co.uk/news/business-22251764#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa" title="Coca-Cola warns of possible job cuts">Coca-Cola warns of possible job cuts</a></p> <div class="tweetthis" style="text-align:left;"><p> <a target="_blank" rel="nofollow" class="tt" href="http://twitter.com/intent/tweet?text=Coca-Cola+warns+of+possible+job+cuts+http%3A%2F%2Fpennystockpaycheck.com%2Fnews%2F%3Fp%3D101072" title="Post to Twitter"><img class="nothumb" src="http://pennystockpaycheck.com/news/wp-content/plugins/tweet-this/icons/en/twitter/tt-twitter-micro3.png" alt="Post to Twitter" /></a></p></div> </div> </div> <div class="post-100304 post type-post status-publish format-standard hentry category-stocks category-world-news tag-corbett tag-forward tag-governor tag-lines tag-logistics tag-marine tag-port tag-press tag-release tag-risk tag-service tag-statement tag-terminal tag-vessel" id="post-100304"> <div class="post_top"> <div class="post_title"> <h2><a href="http://pennystockpaycheck.com/news/?p=100304" rel="bookmark" title="Permanent Link to Horizon Lines, Inc. (HRZL: OTCQB) | Governor Tom Corbett Welcomes Horizon Lines to Philadelphia">Horizon Lines, Inc. (HRZL: OTCQB) | Governor Tom Corbett Welcomes Horizon Lines to Philadelphia</a></h2> </div> <div class="post_top_data"> <p class="post_author">Posted by <span>admin</span> | Posted on 19-04-2013</p> <p class="post_cats">Category : <span><a href="http://pennystockpaycheck.com/news/?cat=3" title="View all posts in Stocks" rel="category">Stocks</a>, <a href="http://pennystockpaycheck.com/news/?cat=4" title="View all posts in World News" rel="category">World News</a></span></p> <p class="post_tags">Tags: <span><a href="http://pennystockpaycheck.com/news/?tag=corbett" rel="tag">corbett</a>, <a href="http://pennystockpaycheck.com/news/?tag=forward" rel="tag">forward</a>, <a href="http://pennystockpaycheck.com/news/?tag=governor" rel="tag">governor</a>, <a href="http://pennystockpaycheck.com/news/?tag=lines" rel="tag">lines</a>, <a href="http://pennystockpaycheck.com/news/?tag=logistics" rel="tag">logistics</a>, <a href="http://pennystockpaycheck.com/news/?tag=marine" rel="tag">marine</a>, <a href="http://pennystockpaycheck.com/news/?tag=port" rel="tag">port</a>, <a href="http://pennystockpaycheck.com/news/?tag=press" rel="tag">press</a>, <a href="http://pennystockpaycheck.com/news/?tag=release" rel="tag">release</a>, <a href="http://pennystockpaycheck.com/news/?tag=risk" rel="tag">risk</a>, <a href="http://pennystockpaycheck.com/news/?tag=service" rel="tag">service</a>, <a href="http://pennystockpaycheck.com/news/?tag=statement" rel="tag">statement</a>, <a href="http://pennystockpaycheck.com/news/?tag=terminal" rel="tag">terminal</a>, <a href="http://pennystockpaycheck.com/news/?tag=vessel" rel="tag">vessel</a></span></p> </div> </div> <div class="entry"> <p>< ?xml version="1.0" encoding="UTF-8"?></p> <p><head></p> <p></head></p> <div> <h1>Governor Tom Corbett Welcomes Horizon Lines to Philadelphia</h1> <h2>Ceremony at Packer Ave. Marine Terminal celebrates Horizon Lines calling in Philadelphia</h2> <p>PR Newswire</p> <p>PHILADELPHIA, April 18, 2013</p> <p></div> <p> <div> <p> <p><span>PHILADELPHIA</span>, <span>April 18, 2013</span> /PRNewswire/ –</p> <div class="tweetthis" style="text-align:left;"><p> <a target="_blank" rel="nofollow" class="tt" href="http://twitter.com/intent/tweet?text=Horizon+Lines%2C+Inc.+%28HRZL%3A+OTCQB%29+%7C+Governor+Tom+Corbett+Welcomes+Horizon+Lines+to+Philadelphia+http%3A%2F%2Fpennystockpaycheck.com%2Fnews%2F%3Fp%3D100304" title="Post to Twitter"><img class="nothumb" src="http://pennystockpaycheck.com/news/wp-content/plugins/tweet-this/icons/en/twitter/tt-twitter-micro3.png" alt="Post to Twitter" /></a></p></div> </div> </div> <div class="post-97652 post type-post status-publish format-standard hentry category-business tag-britain tag-comment-is-free tag-currencies tag-david-cameron tag-economy tag-editorials tag-euro tag-europe tag-rise tag-risk tag-the-guardian tag-world-news-2" id="post-97652"> <div class="post_top"> <div class="post_title"> <h2><a href="http://pennystockpaycheck.com/news/?p=97652" rel="bookmark" title="Permanent Link to Yield swerve: Tokyo’s answer to the inflation crisis | Editorial">Yield swerve: Tokyo’s answer to the inflation crisis | Editorial</a></h2> </div> <div class="post_top_data"> <p class="post_author">Posted by <span>admin</span> | Posted on 05-04-2013</p> <p class="post_cats">Category : <span><a href="http://pennystockpaycheck.com/news/?cat=57" title="View all posts in Business" rel="category">Business</a></span></p> <p class="post_tags">Tags: <span><a href="http://pennystockpaycheck.com/news/?tag=britain" rel="tag">britain</a>, <a href="http://pennystockpaycheck.com/news/?tag=comment-is-free" rel="tag">comment is free</a>, <a href="http://pennystockpaycheck.com/news/?tag=currencies" rel="tag">currencies</a>, <a href="http://pennystockpaycheck.com/news/?tag=david-cameron" rel="tag">david cameron</a>, <a href="http://pennystockpaycheck.com/news/?tag=economy" rel="tag">economy</a>, <a href="http://pennystockpaycheck.com/news/?tag=editorials" rel="tag">editorials</a>, <a href="http://pennystockpaycheck.com/news/?tag=euro" rel="tag">euro</a>, <a href="http://pennystockpaycheck.com/news/?tag=europe" rel="tag">europe</a>, <a href="http://pennystockpaycheck.com/news/?tag=rise" rel="tag">rise</a>, <a href="http://pennystockpaycheck.com/news/?tag=risk" rel="tag">risk</a>, <a href="http://pennystockpaycheck.com/news/?tag=the-guardian" rel="tag">the guardian</a>, <a href="http://pennystockpaycheck.com/news/?tag=world-news-2" rel="tag">world news</a></span></p> </div> </div> <div class="entry"> <p> <div><img alt="" src="http://hits.guardian.co.uk/b/ss/guardiangu-feeds/1/H.25.4/38190?ns=guardian&pageName=GUK%3AArticle%3Atokyo-answer-inflation-crisis-editorial%3A1889868&ch=Comment+is+free&c3=Guardian&c4=Japan+%28News%29%2CAsia+Pacific+%28News%29%2CWorld+news%2CEuro+%28Business%29%2CEuropean+Union+EU+%28News%29%2CEurope+%28News%29%2CBusiness%2CDavid+Cameron&c5=Unclassified%2CPolicy+Society%2CBusiness+Markets%2CNot+commercially+useful&c6=The+Guardian&c7=2013%2F04%2F04+09%3A01&c8=1889868&c9=Blog&c10=Editorial&c13=&c19=GUK&c25=Comment+is+free&c47=UK&c65=Yield+swerve%3A+Tokyo%27s+answer+to+the+inflation+crisis&c66=Comment+is+free&c72=&c73=&c74=&c75=&h2=GU%2FComment+is+free%2FComment+is+free%2Fblog%2FComment+is+free" width="1" height="1" /></div> </p> <p>The world must now pray that Japan’s plan comes off in what remains its second-biggest mature economy</p> <p>David Cameron once demanded a “<a href="http://www.telegraph.co.uk/finance/financialcrisis/8817322/Cameron-urges-big-bazooka-to-stem-eurozone-crisis.html" title="">big bazooka</a>” to solve the euro crisis. In the event, big enough blasts were fired to quieten market monsters, but never to finally silence them; lingering fear still haunts a continent. Japan’s very different crisis, however, has lingered for longer, for so long that it ought instead to be called a permanent stasis – since 1990 to be precise. Rock-bottom interest rates, a depressed yen, stimulus and austerity have all been tried in various combinations. The economy has disregarded the lot, remorselessly rolling from lukewarm recovery to fresh recession and back. But now Tokyo is letting rip with a new bazooka that is big by any standards.</p> <p>In accordance with wishes of Prime Minister Shinzo Abe, the supposedly independent <a href="http://www.ft.com/cms/s/0/81fbc13c-9cd6-11e2-9a4b-00144feabdc0.html#axzz2PUnixlyi" title="">Bank of Japan has explained how it will pursue inflation</a>. In an economy where falling prices have often been the norm, the stock of money will be doubled in 21 months, and the newly minted currency will be used in novel ways; specifically, to purchase government debt from – in the jargon – across the yield curve. Both elements represent a radical departure in their own right. <a href="http://blogs.ft.com/gavyndavies/2013/04/04/bank-of-japan-follows-the-fed-on-steroids/" title="">Nothing on this scale has been tried before</a>, not even when the world’s central bankers worked in panicked concert in 2008. And the whole world must now pray that the plan comes off in what remains its second-biggest mature economy: a recovered Japan really could boost a stagnant planet.</p> <p>But is that likely? It can’t be ruled out. This was not, as some said, a crude invitation to competitive devaluation: Tokyo is less concerned with the price of yen than with prices in Japanese shops. Even if trading partners cheapen their currencies in reply, it may be no bad thing. During the 1930s, beggar-my-neighbour policies cancelled out in terms of export sales, but the cheapening of currencies nonetheless helped ease debt deflation.</p> <p>Big bazookas are hard to control, and those wielding the weapon could shoot themselves in the foot. Japan needs to persuade its people that prices will rise, but if expectations of excessive inflation are stoked, investors could take fright, causing borrowing costs to rise. It is a risk, though not one that aggressive monetary expansion in the US or Britain has yet seen realised; besides, risks simply have to be run if the alternative is permanent stagnation.</p> <p>The deepest doubts arise from Japanese demographics: the typical citizen is four years older even than in ageing Britain. The idea of cheap money is to persuade people to open their wallets, and spend their way to recovery, but in this sort of senior society, fear of inflation eating up pensions could convince people they need to save more and spend less. Let us hope not. Where Japan led, the world has followed since 2008. Fingers crossed that it can now lead the way to a solution.</p> <div> <ul> <li><a href="http://www.guardian.co.uk/world/japan">Japan</a></li> <li><a href="http://www.guardian.co.uk/world/asia-pacific">Asia Pacific</a></li> <li><a href="http://www.guardian.co.uk/business/euro">Euro</a></li> <li><a href="http://www.guardian.co.uk/world/eu">European Union</a></li> <li><a href="http://www.guardian.co.uk/world/europe-news">Europe</a></li> <li><a href="http://www.guardian.co.uk/politics/davidcameron">David Cameron</a></li> </ul> </div> <p> <div><a href="http://www.guardian.co.uk">guardian.co.uk</a> </p> <div class="tweetthis" style="text-align:left;"><p> <a target="_blank" rel="nofollow" class="tt" href="http://twitter.com/intent/tweet?text=Yield+swerve%3A+Tokyo%E2%80%99s+answer+to+the+inflation+crisis+%7C+Editorial+http%3A%2F%2Fpennystockpaycheck.com%2Fnews%2F%3Fp%3D97652" title="Post to Twitter"><img class="nothumb" 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href="http://pennystockpaycheck.com/news/?cat=3" title="View all posts in Stocks" rel="category">Stocks</a>, <a href="http://pennystockpaycheck.com/news/?cat=4" title="View all posts in World News" rel="category">World News</a></span></p> <p class="post_tags">Tags: <span><a href="http://pennystockpaycheck.com/news/?tag=forest" rel="tag">forest</a>, <a href="http://pennystockpaycheck.com/news/?tag=forward" rel="tag">forward</a>, <a href="http://pennystockpaycheck.com/news/?tag=gas" rel="tag">gas</a>, <a href="http://pennystockpaycheck.com/news/?tag=information" rel="tag">information</a>, <a href="http://pennystockpaycheck.com/news/?tag=press" rel="tag">press</a>, <a href="http://pennystockpaycheck.com/news/?tag=production" rel="tag">production</a>, <a href="http://pennystockpaycheck.com/news/?tag=risk" rel="tag">risk</a>, <a href="http://pennystockpaycheck.com/news/?tag=securities" rel="tag">securities</a>, <a href="http://pennystockpaycheck.com/news/?tag=statements" rel="tag">statements</a></span></p> </div> </div> <div class="entry"> <p>< ?xml version="1.0" encoding="UTF-8"?></p> <p><head></p> <p></head></p> <div> <h1>Richfield Oil & Gas Company has Placed Wasatch National Forest Well into Production</h1> <p>PR Newswire</p> <p>SALT LAKE CITY, April 3, 2013</p> <p></div> <p> <div> <p> </p> <p> </p> <p><span>SALT LAKE CITY</span>, <span>April 3, 2013</span> /PRNewswire/ — OTCQX: ROIL – Richfield Oil & Gas Company (“<span>Richfield</span>” or the “Company”), announced that it has placed its Wasatch National Forest #16-15 well in <span>Uinta County, Wyoming</span> into production.</p> <div class="tweetthis" style="text-align:left;"><p> <a target="_blank" rel="nofollow" class="tt" href="http://twitter.com/intent/tweet?text=Richfield+Oil+%26+Gas+Company+%28ROIL%3A+OTCQX+U.S.+Premier%29+%7C+Richfield+Oil+%26+Gas+Company+has+Place...+http%3A%2F%2Fpennystockpaycheck.com%2Fnews%2F%3Fp%3D97397" title="Post to Twitter"><img class="nothumb" 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