Gazprom and the Chinese National Petroleum Corporation have come to an agreement on the framework of gas deliveries to China; issues related to pricing still remain.  Apparently Russian Deputy Prime Minister Igor Sechin has said Russia could start gas deliveries to China in 2014-2015.  Russia has again raised the suggestion that member states of the Shanghai Cooperation Organization create an energy forum.  France's environmental minister, Chantal Jouanno, has initiated a probe to investigate the reports that nuclear waste from France has been occupying open air parking lots in Siberia.  Norway expects the average price of oil to increase next year as demand grows alongside economic growth.  A new gas extraction technique from the US used to tap into inaccessible reserves is about to hit Europe.  The EU Commissioner for External Relations and European Neighborhood, Benita Ferrero ...

TODAY: Did Clinton get what she wanted?; media reports possible silence for sanctions deal; START treaty progress.  Georgia accused of abetting al-Qaida; Putin 'satisfied' with job.  German official castigates Medvedev for investigation into Stalin-researching historian; the man of steel's grandson loses battle with newspaper; psychological perils of police force and military; mafia boss funeral. According to the Moscow Times, Hillary Clinton received a 'cool welcome' from Foreign Minister Sergei Lavrov on the crucial issue of sanctions on Iran, with Russia still resisting.  Clinton apparently 'brave-faced' it, saying, 'we did not ask for anything today. We reviewed the situation', and added 'Russia has been extremely co-operative in the work we have done together'.  Reports have circulated that the ...

The following is a press release being distributed today on behalf of the Mikhail Khodorkovsky defense team:

OVERWHELMING MAJORITY OF ITALIAN PARLIAMENT VOTE TO SUPPORT MIKHAIL KHORDOKOVSKY

Rome, September 23, 2009 - The Italian parliament today voted in favour of a motion urging the Italian Government "to activate all diplomatic channels, together with other European partners, to guarantee the respect for human rights and the right of defence for Mikhail Khodorkovsky and Platon Lebedev and for all Russian citizens". The motion, presented at the Lower Chamber by Pier Ferdinando Casini, leader of the Christian Democrat Party (UDC), received overwhelming support: out of 478 MPs attending the plenary session, 430 voted in favour. During the debate, Alfredo Mantica, Undersecretary of State for the Ministry of Foreign Affairs, expressed support for the motion on behalf of the Government and called for unanimous adoption

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Investing Without Trailing Stops: Here’s Why 75% of Stocks Are a Sucker’s Bet

by Alexander Green, Advisory Panelist

A couple weeks ago, I explained why it is imperative to run trailing stops behind your individual stocks.

Sell stops ensure that your capital is protected and your profits don’t slip through your fingers.

However, one subscriber took me to task, saying that a trailing stop guarantees you won’t “sell at the top.”

Quite true.

However, “selling at the top” and its corollary, “buying at the bottom,” are not realistic investment goals. Here’s why…

The Danger of Selling High and Buying Low

For one thing, you never know the top or the bottom until you’re looking in the rear view mirror. And given enough time, all-time highs and lows are usually exceeded.

For example, you may sell a stock at its 52-week high – not a good

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The final word is out. UBS is handing over information on roughly 5,000 accounts and the IRS will back off its fishing expeditions on the remaining ~42,000 accounts.

Frankly, I’ve written so much about the UBS mess over the last year that I am sick of it…and I’m sick of the greedy, crooked UBS bankers and staff that stupidly thought they could use Swiss bank secrecy laws to cover their illegal tax evasion advice, while running up fat fees for themselves and billions in deposits for UBS.

This thoughtless criminal activity not only added to the instability of UBS – already $50 billion in the hole because of bad investments exposed by the global recession – but their conduct needlessly called into question the admirable privacy policies and bank secrecy laws of the Swiss government.

Asking for it

UBS tarnished not only its own reputation,

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Brussels 30 June 2009 - Commissioner Piebalgs announced that microgeneration will be a key part of the EU's future energy mix at the launch of Micropower Europe in Brussels on Friday, together with Charles Bradshaw-Smith, President of Micropower Europe and Head of Innovation at E.ON.