Morning Journal--Obama's foreign policy

 News on Stocks in Our Portfolios

           
FactSet (FDS): Q4 EPS of $1.14 misses by $0.09. Revenue of $213.1M (+7% Y/Y) misses by $0.21M.

Walgreen (WAG): FQ2 EPS of $0.96 beats by $0.02. Revenue of $18.65B misses by $0.07B

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ParkerVision (PRKR): Q4 EPS of -$0.07 misses by $0.01. Shares -0.9% 

Economics

   This Week’s Data

            The International Council of Shopping Centers reported weekly sales of major retailers up 1.4% versus the prior week and up 2.3% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 0.7% versus the similar time frame last month and up 2.9% on a year over year basis.

            February housing sales were up slightly but less than expected.  However, building permits were up 4.6% much stronger than anticipated.

            http://www.calculatedriskblog.com/2013/03/housing-starts-increase-to-917-thousand.html

   Other

            Thoughts on money and what it is and is not (medium):

            http://pragcap.com/some-monetary-lessons-from-cyprus

            Key risks to China’s growth (medium):

            http://pragcap.com/the-key-risks-to-chinas-economic-growth

            An interesting chart on employment (short):

            http://www.zerohedge.com/news/2013-03-19/fomcs-two-handed-economy

Politics

  Domestic

Codify the use of drones (medium):

http://www.washingtonpost.com/opinions/charles-krauthammer-codify-the-drone-war/2013/03/14/5dd87058-8cd6-11e2-9f54-f3fdd70acad2_story.html

Obama’s golf vacations (short):

http://michellemalkin.com/2013/03/18/dodge-of-the-day-carney-obama-vacations/

  International

            Kim Jong Un does the impossible (medium):

            http://www.nationalreview.com/articles/343314/win-missile-defense-rich-lowry

            Obama sends best wishes to the Iranian people (video):

            http://www.powerlineblog.com/archives/2013/03/analyze-this-7.php