The city of Moore, Oklahoma, set geographically the region of south Oklahoma City, was hit hard by tornadoes recently.

   Recovery work round the clock, survivors treated at OU

   Tower Plaza caught fire.  Pictures of destruction in the area reminiscent of similar storms in 1974, thereabout, USA.


Apple, the computer builder, is being accused of tax related matters.  Heads of the organization are reported to be upcoming to be on the inquiry stand.

In Milwaukee, authorities are looking for a 22 year old female that went missing about 9 days ago.

In other places, family violence has broken into increased amounts, from what was extremely abnormal and rare, to a crime of almost regularity.

In China, per finance of chinanews.com, between 7 to 8% of restaurants serving rice and related products did not meet the standard for cadmium content.  Cadmium is a heavy metal, and too much Cadmium in the rice can be dangerous for health.

Relaxed control and innovation seem to be key themes of focus concerning the brokerage industry, respective to recent conferences.

"For the majority of Chinese investors, the capital market, "China Dream" is actually quite simple, that is, after a long bear market, A shares can perk up. WIN D statistics show that Shanghai Composite Index since the beginning of this year is down over 1%, Shenzhen Component Index this year is down nearly 1%. Looking at the world's major markets, Wall Street's Dow Jones Industrial Average, Nasdaq Composite Index and the S & P 500 index this year, respectively, gained 5.2 7%, 13.04% and 14.48%; three major indexes in Europe London's FTSE 100, France's CAC 40 and Germany's DAX since the beginning of this year, respectively, has risen by 11.58%, 7.59% and 8.26%, respectively. In the Asian market, the Nikkei 225 index this year has soared 35.52 percent, Hong Kong's Hang Seng Index gained 2.45 percent. That is, as of now, the A shares in the world's major markets which are still at the bottom of the trend. This is not hard to understand the eagerness of Chinese investors...

...On the other hand, the market is still anxiously waiting for Ping An Securities Hail Health Branch project sponsor and Guoxin Securities in the Lungi shares the project sponsor on the final disposition. Many industry insiders believe, in those cases, the treatment results will directly affect the progress since the IPO gate. In fact, the behavior of the A-share market in recent years, the endless stream of fraudulent listing, insider trading, and so on, has been a serious blow to investor confidence and affect the credibility of the regulatory authorities, in this case, there is an urgent need to regulators through their own re-positioning and re-positioning of the functioning of markets, investment and financing functions to achieve market balance and restore the confidence of investors. This work will not only involve a large number of stakeholders, and make moment by moment volatility in securities markets and the interference of all kinds of emergencies, must be a major challenge."
[...stock/2013/05-17/4827778.shtml] [translated using computer]

SFC in context

(Note 12/2024: portions of above article in original Chinese can be found at finance.eastmoney.com website .../a/20130517292221320.html)

Finance:
translated using computer, from 'Mo Zhang Nan: Fed brewing exit to increase the risk of global financial ', "The dawn of the new round of global interest rate cuts boom ", the Federal Reserve monetary policy shift is brewing, and started to exit the roadmap. "Exit strategy" does not start immediately, but the risk signal has begun to show the world and even China's financial risks are rising.
　　According to reports, the Fed has been in the planning exit strategy for debt purchase plan, and according to the job market and changes in inflation adjustment to the purchase plan. Affected by this, the market worried about the escalation of the U.S. dollar against other currencies strengthened across the central parity of RMB against the U.S. dollar is also a change in the trend of the number of daily limit for two consecutive days earlier, global financial markets began to shock. So, the Fed is brewing sorts "exit strategy" in the end? Compared to other developed countries, the U.S. economy has a comparative advantage of growth, future Federal Reserve monetary policy shift depends on the necessity and cost of long-term maintenance of low interest rates. With the U.S. economy endogenous power gradually increased and the U.S. Federal Open Market Committee (FOMC) internal concerns about large-scale asset purchase program to reduce the size of the asset purchase program or even ahead of the end of the probability of QE is on the rise.
　　September 14 last year, after the Federal Reserve meeting on interest rates in September, announced a month to buy $ 40 billion of mortgage-backed securities (MBS), decided to continue the implementation of the "reverse operation" sell short-term government bonds to buy long-term bonds and The federal funds rate unchanged at 0 to 0.25% of the ultra-low interval time limit is extended at least until mid-2015. But now it seems the need to maintain unlimited quantitative easing has been greatly reduced.

　　First, by four quantitative easing policy, the Fed launched a total of about $ 3.5 trillion of debt purchase scale, accounting for about 22% of GDP, the quantitative easing almost close to the limit. With the implementation of large-scale quantitative easing, the U.S. shadow banking system continue to pose a threat to financial stability, Bernanke said recently that the Bank of America financing market in the future may not be able to respond to the emergence of a large number of defaults.
　　Second, quantitative easing to stimulate the effect of diminishing marginal. QE1 launched the actual quarterly GDP growth from -3.3% to 2.2%, but after QE2 economy falling instead of rising, the actual quarterly GDP growth fell to 1.6% from 3.5% all the way, after the Federal Reserve for the introduction of 'reverse Action QE3 and QE3.5, but economic growth is still hovering at a low level of 1.5% and quantitative easing to stimulate the economy is not as effective.
　　Again, despite the automatic deficit reduction (fiscal archive) uncertainty, the U.S. mid-term prospects due to financial crunch has been a continuing impact, but because of austerity measures will continue for many years, therefore, the impact of cross period have been assessed in the short term do not have to worry too much about the impact of the fiscal cliff...." [cj/2013/05-20/4834846.shtml]

In the U.S., everyone from the lower Mid-Atlantic, to the Midwest, are anticipating news of, or preparing for tornadoes and their ramifications, generally, however slight or severe.

Several were killed and dozens injured in blasts occurring outside a government building in Dagestan.  Eruptions of violence involving bombings have occurred with marked media attention within the past few years.

The tolls are near or exceed a hundred people in incidents in Iraq.  Baghdad among the regions hit by violence.

Altogether, some say including Hezbollah, about 80 died in clashes in the Qusayr region.  The event has reports of involving Syrian objectives, and opposition to Syrian government.