BULLS MAKING SEISMIC CALL?

For believers in a “great rotation” from bonds into equities, Thursday’s leap by the S&P 500 into record territory could well be the trigger for a seismic shift in investors’ portfolios.

INTERESTING POINT OF VIEW: Why the world needs reckless bankers

Conventional wisdom has it that the financial crisis originating in the US proves that the “Anglo-Saxon” financial model is too dangerous and too deeply flawed to have much to teach the rest of the world. If it were any good, after all, how could we have suffered the spectacular near-collapse of the US and UK banking systems?

But the prestige of the Anglo-Saxon financial system soared in the 1990s at least in part because the “other” main banking model seemed to have failed so spectacularly in the country that was long considered its greatest exponent.

Read the rest.

FOR THE 'Good thing it's not Bush' department: FBI Pursuing Real-Time Gmail Spying Powers as “Top Priority” for 2013

“REPEAT AFTER ME, Cyprus is (was) not a tax haven.”

A CYPRUS Q&A at the WSJ.

A CLEAR EXPLANATION: Everything you need to know about the Cyprus bailout, in one FAQ.

SO MUCH FOR 'NO NUKES': The Future of Nuclear Power Runs on the Waste of Our Nuclear Past

America alone produces about 2,000 metric tons of nuclear waste annually and our best solution for disposing of it: bury it deep in the Earth. However, a pair of MIT scientists believe they've found not only a better way of eliminating nuclear waste but recycling the deadly detritus into enough clean electricity to power the entire world until 2083. Win, meet win.

WSJ:

Spain’s making the most of the clement conditions in the bond market.

On Tuesday, the country announced plans to sell three longer-dated bonds at a special auction this week. Unlike scheduled auctions, Thursday’s sale would not have a set size, enabling Spain to take advantage of the recent rally in its debt and raise as much money as it deems fit.

At the same time, if demand is tepid, Spain wouldn’t face the scrutiny that would accompany a conventional auction. Spain normally gives a target range of how much money it aims to raise at an auction, so by not disclosing the size in advance, Spain is giving itself enough room to manoeuvre if conditions suddenly worsen

To be sure, the auction announcement isn’t a complete surprise. The Spanish Treasury indicated in its 2013 strategy in January the option to conduct special auctions, outside of its regular schedule, to provide liquidity to certain nonbenchmark bonds in order to improve the functioning of the market. Thursday’s auction will be the first such auction.

Still, the timing represents an opportunistic move on Spain’s part. For investors sitting on piles of cash who need to generate returns, Spain appears to be a more attractive bet than Italy, for now.

THE ECONOMIST:

THERE are two ways to look at Spain’s economy. One is to see it as a landscape blasted by the triple shock of the property crash, the financial crisis and the travails of the euro zone. In this Spain banks are in ruins, the recession drags on and the unemployment rate tops 25%. House prices are still far below what they were in 2007. Reyal Urbis, a big property company, went bust last month.

But anyone surveying the wreckage will notice that parts of corporate Spain are not only still standing but gleaming and growing.

Keep reading.

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ALFREDO PASTOR: Reasons to Believe Spain's Recovery Is Not Far Away. Let's hope he's right…

WHY BOB GELDOF —and a host of others— is wrong about Africa aid.

TEN incredibly simple things you can do to protect your privacy.

IN MEMORIAM, 9 YEARS AFTER

Eva Belén Abad Quijada, Spain, 30 years old

Óscar Abril Alegre, Spain, 19 years old

Liliana Guillermina Acero Ushiña, Ecuador, 26 years old

Florencio Aguado Rojano, Spain, 60 years old

Juan Alberto Alonso Rodríguez, Spain, 38 years old

María Joséfa Alvarez González, Spain, 48 years old

Juan Carlos Del Amo Aguado, Spain, 28 years old

Andriyan Asenov Andrianov, Bulgaria, 22 years old

María Nuria Aparicio Somolinos, Spain, 40 years old

Alberto Arenas Barroso, Spain, 24 years old

Neil Hebe Astocondor Masgo, Peru, 34 years old

Ana Isabel Avila Jiménez, Spain, 43 years old

Miguel Ángel Badajoz Cano, Spain, 34 years old

Susana Ballesteros Ibarra, Spain, 42 years old

Francisco Javier Barahona Imedio, Spain, 34 years old

Gonzalo Barajas Díaz, Spain, 32 years old

Gloria Inés Bedoya, Colombia, 40 years old

Sanaa Ben Salah Imadaquan, Spain, 13 years old

Esteban Martín De Benito Caboblanco, Spain, 39 years old

Rodolfo Benito Samaniego, Spain, 27 years old

Anka Valeria Bodea, Romania, 26 years old

Livia Bogdan, Romania, 27 years old

Florencio Brasero Murga, Spain, 50 years old

Trinidad Bravo Segovia, Spain, 40 years old

Alina Maria Bryk, Poland, 39 years old

Stefan Budai, Romania, 37 years old

Tibor Budi, Romania, 37 years old

María Pilar Cabrejas Burillo, Spain, 37 years old

Rodrigo Cabrero Pérez, Spain, 20 years old

Milagros Calvo García, Spain, 39 years old

Sonia Cano Campos, Spain, 24 years old

Alicia Cano Martínez, Spain, 63 years old

José María Carrilero Baeza, Spain, 39 years old

Álvaro Carrion Franco, Spain, 17 years old

Francisco Javier Casas Torresano, Spain, 28 years old

Cipriano Castillo Muñoz, Spain, 55 years old

María Inmaculada Castillo Sevillano, Spain, 39 years old

Sara Centenera Montalvo, Spain, 19 years old

Oswaldo Manuel Cisneros Villacís, Ecuador, 34 years old

Eugenia María Ciudad-Real Díaz, Spain, 26 years old

Jacqueline Contreras Ortiz, Peru, 22 years old

María Soledad Contreras Sánchez, Spain, 51 years old

María Paz Criado Pleiter, Spain, 52 years old

Nicoleta Diac, Romania, 27 years old

Beatriz Díaz Hernandez, Spain, 30 years old

Georgeta Gabriela Dima, Romania, 35 years old

Tinka Dimitrova Paunova, Bulgaria, 31 years old

Kalina Dimitrova Vasileva, Bulgaria, 31 years old

Sam Djoco, Senegal, 42 years old

María Dolores Durán Santiago, Spain, 34 years old

Osama El Amrati, Morocco, 23 years old

Sara Encinas Soriano, Spain, 26 years old

Carlos Marino Fernández Dávila, Peru, 39 years old

María Fernández del Amo, Spain, 25 years old

Rex Ferrer Reynado, Phillipines, 20 years old

Héctor Manuel Figueroa Bravo, Chile, 33 years old

Julia Frutos Rosique, Spain, 44 years old

María Dolores Fuentes Fernández, Spain, 29 years old

José Gallardo Olmo, Spain, 33 years old

José Raúl Gallego Triguero, Spain, 39 years old

María Pilar Gamiz Torres, Spain, 40 years old

Abel García Alfageme, Spain, 27 years old

Juan Luis García Arnaiz, Spain, 17 years old

Beatriz García Fernández, Spain, 27 years old

María de las Nieves García García-Moñino, Spain, 46 years old

Enrique García González, Dominican Republic, 28 years old

Cristina Aurelia García Martínez, Spain, 34 years old

Carlos Alberto García Presa, Spain, 24 years old

José García Sánchez, Spain, 45 years old

José María García Sánchez, Spain, 47 years old

Javier Garrote Plaza, Spain, 26 years old

Petrica Geneva, Romania, 34 years old

Ana Isabel Gil Pérez, Spain, 29 years old

Óscar Gómez Gudiña, Spain, 24 years old

Felix González Gago, Spain, 52 years old

Ángelica González García, Spain, 19 years old

Teresa González Grande, Spain, 38 years old

Elías González Roque, Spain, 30 years old

Juan Miguel Gracia García, Spain, 53 years old

Javier Guerrero Cabrera, Spain, 25 years old

Berta María Gutiérrez García, Spain, 39 years old

Sergio de las Heras Correa, Spain, 29 years old

Pedro Hermida Martín, Spain, 51 years old

Alejandra Iglesias López, Spain, 28 years old

Mohamed Itaiben, Morocco, 27 years old

Pablo Izquierdo Asanza, Spain, 42 years old

María Teresa Jaro Narrillos, Spain, 32 years old

Oleksandr Kladkovoy, Ukraine, 56 years old

Laura Isabel Laforga Bajón, Spain, 28 years old

María Victoria León Moyano, Spain, 30 years old

María Carmen Lominchar Alonso, Spain, 34 years old

Myriam López Díaz, Spain, 31 years old

María Carmen López Pardo, Spain, 50 years old

María Cristina López Ramos, Spain, 38 years old

José María López-Menchero Moraga, Spain, 44 years old

Miguel de Luna Ocaña, Spain, 36 years old

María Jesús Macías Rodríguez, Spain, 30 years old

Francisco Javier Mancebo Záforas, Spain, 38 years old

Ángel Manzano Pérez, Ecuador, 42 years old

Vicente Marín Chiva, Spain, 37 years old

Antonio Marín Mora, Spain, 43 years old

Begoña Martín Baeza, Spain, 25 years old

Ana Martín Fernández, Spain, 43 years old

Luis Andrés Martín Pacheco, Spain, 54 years old

María Pilar Martín Rejas, Spain, 50 years old

Alois Martinas, Romania, 27 years old

Carmen Mónica Martínez Rodríguez, Spain, 31 years old

Míriam Melguizo Martínez, Spain, 28 years old

Javier Mengíbar Jiménez, Spain, 43 years old

Álvaro de Miguel Jiménez, Spain, 26 years old

Michael Mitchell Rodríguez, Cuba, 28 years old

Stefan Modol, Romania, 45 years old

Segundo Víctor Mopocita Mopocita, Ecuador, 37 years old

Encarnación Mora Donoso, Spain, 64 years old

María Teresa Mora Valero, Spain, 37 years old

Julita Moral García, Spain, 53 years old

Francisco Moreno Aragonés, Spain, 56 years old

José Ramón Moreno Isarch, Spain, 37 years old

Eugenio Moreno Santiago, Spain, 56 years old

Juan Pablo Moris Crespo, Spain, 32 years old

Juan Muñoz Lara, Spain, 33 years old

Francisco José Narváez de la Rosa, Spain, 28 years old

Mariana Negru, Romania, 40 years old

Ismael Nogales Guerrero, Spain, 31 years old

Inés Novellón Martínez, Spain, 30 years old

Miguel Ángel Orgaz Orgaz, Spain, 34 years old

Ángel Pardillos Checa, Spain, 62 years old

Sonia Parrondo Antón, Spain, 28 years old

Juan Francisco Pastor Férez, Spain, 51 years old

Daniel Paz Manjón, Spain, 20 years old

Josefa Pedraza Pino, Spain, 41 years old

Miryam Pedraza Rivero, Spain, 25 years old

Roberto Pellicari Lopezosa, Spain, 31 years old

María del Pilar Pérez Mateo, Spain, 28 years old

Felipe Pinel Alonso, Spain, 51 years old

Martha Scarlett Plasencia Hernandez, Dominican Republic, 27 years old

Elena Ples, Romania, 33 years old

María Luisa Polo Remartinez, Spain, 50 years old

Ionut Popa, Romania, 23 years old

Emilian Popescu, Romania, 44 years old

Miguel Ángel Prieto Humanes, Spain, 37 years old

Francisco Antonio Quesada Bueno, Spain, 44 years old

John Jairo Ramírez Bedoya, Colombia, 37 years old

Laura Ramos Lozano, Honduras, 37 years old

Miguel Reyes Mateos, Spain, 37 years old

Marta del Río Menéndez, Spain, 40 years old

Nuria del Río Menéndez, Spain, 38 years old

Jorge Rodríguez Casanova, Spain, 22 years old

Luis Rodríguez Castell, Spain, 40 years old

María de la Soledad Rodríguez de la Torre, Spain, 42 years old

Ángel Luis Rodríguez Rodríguez, Spain, 34 years old

Francisco Javier Rodríguez Sánchez, Spain, 52 years old

Ambrosio Rogado Escribano, Spain, 56 years old

Cristina Romero Sánchez, Spain, 34 years old

Patricia Rzaca, Poland, 7 meses

Wieslaw Rzaca, Poland, 34 years old

Antonio Sabalete Sánchez, Spain, 36 years old

Sergio Sánchez López, Spain, 17 years old

María Isabel Sánchez Mamajón, Spain, 37 years old

Juan Antonio Sánchez Quispe, Peru, 45 years old

Balbina Sánchez-Dehesa France, Spain, 47 years old

David Santamaría García, Spain, 23 years old

Sergio dos Santos Silva, Brazil, 28 years old

Juan Carlos Sanz Morales, Spain, 33 years old

Eduardo Sanz Pérez, Spain, 31 years old

Guillermo Senent Pallarola, Spain, 23 years old

Miguel Antonio Serrano Lastra, Spain, 28 years old

Rafael Serrano López, Spain, 66 years old

Paula Mihaela Sfeatcu, Romania, 27 years old

Federico Miguel Sierra Serón, Spain, 37 years old

Domnino Simón González, Spain, 45 years old

María Susana Soler Iniesta, Spain, 46 years old

Carlos Soto Arranz, Spain, 34 years old

Mariya Ivanova Staykova, Bulgaria, 38 years old

Marion Cintia Subervielle, France, 30 years old

Alexandru Horatiu Suciu, Romania, 18 years old

Danuta Teresa Szpila, Poland, 28 years old

José Luis Tenesaca Betancourt, Ecuador, 17 years old

Iris Toribio Pascual, Spain, 20 years old

Neil Torres Mendoza, Ecuador, 38 years old

Carlos Tortosa García, Spain, 31 years old

María Teresa Tudanca Hernández, Spain, 49 years old

Jesús Utrilla Escribano, Spain, 44 years old

José Miguel Valderrama López, Spain, 25 years old

Saúl Valdez Ruiz, Honduras, 44 years old

Mercedes Vega Mingo, Spain, 45 years old

David Vilela Fernández, Spain, 23 years old

Juan Ramón Zamora Gutiérrez, Spain, 29 years old

Yaroslav Zojniuk, Ukraine, 48 years old

Csaba Olimpiu Zsigovski, Romania, 26 years old

SPEECHLESS: U.S. Ambassador Asks U.N. Colleagues to Stop Showing Up Drunk to Meetings. “We're not talking about cheerful, oops-I-had-a-glass-of-chardonnay-at-dinner drunk either. "There has always been a good and responsible tradition of a bit of alcohol improving a negotiation, but we're not talking about a delegate having a nip at the bar," one unnamed diplomat told the press, mentioning one incident where a delegate got so hammered that he barfed, though it's unclear where. Another explained, "On one occasion the note-taker who was meant to be recording the talks was so intoxicated he had to be replaced." One more unnamed diplomat said that delegates were showing up "falling down drunk."“

DIDN'T KNOW YOU COULD INOCULATE THAT: Hugo Chavez died of massive heart attack: top general - CBS News

President Hugo Chavez died of a massive heart attack after great suffering and inaudibly mouthed his desire to live, the head of Venezuela's presidential guard said late Wednesday.

"He couldn't speak but he said it with his lips ... 'I don't want to die. Please don't let me die,' because he loved his country, he sacrificed himself for his country," Gen. Jose Ornella told The Associated Press.

 

WILL 3D PRINTING change the world?

THIS IS COOL: Darpa Wants to Rethink the Helicopter to Make It Go Way Faster.

SPAIN probably won’t catch Italian flu, writes Hugo Dixon.

“TEN REASONS why I will not miss Chavez.“

DESCONSTRUCTING Venezuela's fabulous 5% economic growth.

THE NEW YORK TIMES on Chávez's death:

Mr. Chávez’s departure from a country he dominated for 14 years [1] casts into doubt the future of his socialist revolution. It alters the political balance not only in Venezuela, the fourth-largest supplier of foreign oil to the United States, but also in Latin America, where Mr. Chávez led a group of nations intent on reducing American influence in the region.

Mr. Chávez, 58, changed Venezuela in fundamental ways, empowering and energizing millions of poor people who had felt marginalized and excluded. But his rule also widened society’s divisions, and his death is sure to bring vast uncertainty as the nation tries to find its way without its central figure.

FIRST HORSEMEAT, NOW THIS: “Faecal bacteria found in Ikea chocolate cakes“. Way worse. Stick to the furniture, guys.

PICTURES of a time when flying was a luxury for a few. The page is in Spanish, but the images speak for themselves.

SPOT ON: The Google Glass feature no one is talking about.

WOW: “China’s foreign currency reserves, which have surged more than 700 percent since 2004, are enough to buy every central bank’s official gold supply -- twice.”

“DARK RUMBLINGS Of A Coup D'État In Spain”? This is totally nuts. Just one retired military speaking to an obscure publication, and suddenly we have a putsch? Nobody denies there are increasing tensions stemming from the awful economic situation. And politics is not exactly oil in a plate, with some corruption scandals (mostly alleged, so far) and territorial controversies. But anyone who has the slightest idea of what's really happening in Spain right now other than from reading blogs from San Francisco and living in mental images dated 4 decades ago can say with a clear mind that the army is about to take over. It's total utter rubbish.

Business Insider is not doing itself any favor by running these kind of trash.