Uptown Passover

This Passover, we’re taking our seder “uptown”. Hope your Pesach is as funky fresh as can be!

This song and all Six13 songs are completely a cappella — created with nothing but the human voice.

Speaking of which, we released our brand new album TODAY! It’s called Six13, Vol. 6: Thirteen. It We’re extremely proud of it and hope you’ll buy one at Aderet Music or download it on iTunes!


Succinct Summation of Week’s Events 3.3.15

Succinct Summations week ending April 3rd

Positives:

1. Initial jobless claims fell to 268k, the lowest level in 15 years.
2. Euro-area economic sentiment rose to 103.9, the highest level in nearly four years.
3. Pending homes sales increased 3.1%, the highest reading since June 2013 and above the 0.3% expected rise.
4. Personal income rose 0.4%, better than the 0.3% expected rise.
5. S&P/Case-Shiller home price index rose 0.87% and 4.56% y/o/y, in line with expectations.
6. Markit manufacturing came in at 55.7, slightly better than the 55.3 expected.
7. The S&P 500 finished the quarter in the green for the ninth consecutive time.
8. Unemployment came in at 5.5% and wages rose 0.3% m/o/m and 2.1% y/o/y.

Negatives:

1. NFP came in at 126k vs expectations of 245k, the lowest number since December ‘13
2. US Private Payrolls added 189k jobs in March vs the 225k expected.
3. The Dallas Fed Manufacturing Index fell from -11.2 to -17.4 in March.
4. Consumer spending rose 0.1%, up from the -0.2% fall in February, but below the 0.2% expected change.
5. ISM manufacturing fell to 51.5, below the 52.5 expected and the slowest expansions since May 2013.
6. Construction spending fell 0.1% m/o/m, in line with expectations.
7. January and February payroll were revised lower by almost 70k.

Strong dollar and low oil price lead to disappointing US jobs figures

First rate rise by Fed not expected until later in year as non-farm payrolls report shows only 126,000 jobs added in March after year of 200,000-a-month rises

US employers created the smallest number of jobs for more than a year in March, fanning fears that a strong dollar and weak oil price are taking their toll on the world’s largest economy.

Much weaker than expected employment figures pushed back traders’ bets on an interest rate rise from the US Federal Reserve from this summer to later in the year. Some analysts said the central bank could even wait until 2016 to tighten policy.

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Greece says it will make €460m bailout repayment to IMF on time

Athens moves to quell fears of a default after a series of contradictory statements by saying it is ready to make the repayment on time on 9 April

Senior Greek officials are racing to calm fears that the debt-laden country will fail to make a crucial repayment next week – a move that could push the nation into default and create mayhem in the financial markets.

Ahead of a 9 April deadline to pay €460m (