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Saturday, July 27, 2013
Friday, July 26, 2013
GLOBAL MARKETS-Dollar hits five-week low on Fed caution, Wall St sags
* Dollar hits five-week low vs basket of currencies
* Wall Street opens lower as profit taking sets in
By Leah Schnurr
NEW YORK, July 26 (Reuters) - Wall Street sagged on Friday
as a slew of corporate earnings prompted investors to take a
pause, while the dollar fell to a five-week low on speculation
the U.S. Federal Reserve will underline next week its intention
to keep interest rates low for a long time.
Moves by Fed officials to soothe concerns about its stimulus
withdrawal plans have seen the dollar tumble this month as
equities markets have recovered.
Last month the Fed said it expects to start slowing down the
pace of its $85 billion in bond purchases later this year. Fed
Chairman Ben Bernanke has since stressed that the timeline is
not set in stone and could change if the economic outlook
shifts, comments that soothed Wall Street and the bond market.
Setting the greenback on its latest fall was a Wall Street
Journal report published online Thursday that the Fed may debate
tweaking its forward guidance message to hammer home its signal
that it will not be raising rates any time soon.
Focus is now on next week's two-day policy meeting. The
dollar's slide began on July 10, when minutes of the Fed's June
meeting gave investors second thoughts about when the bank would
start reducing stimulus.
"Folks are just treading water. They just want to see the
big numbers next week to get some directional guidance," said
Samarjit Shankar, director of market strategy at BNY Mellon in
Boston.
As well as the Fed's policy meeting on Tuesday and
Wednesday, next week features a round of economic indicators,
culminating in the U.S. government's report on non-farm payrolls
on Friday.
Against a basket of currencies the dollar was down
0.4 percent. The greenback earlier hit 81.548, its lowest since
June 20 and just above chart support at 81.506 - its 200-day
moving average.
The dollar's weakness left the euro at a five-week
high of $1.3296.
U.S. stocks were lower about an hour after trading started
as investors took in earnings results from big names including
Amazon.com (NasdaqGS: AMZN - news) and Starbucks.
With the S&P 500 up about 18 percent for the year, Friday
also provided an opportunity for some minor profit taking.
For the week, the S&P is down about 0.5 percent, its first
down week in five, but the benchmark is up 4.7 percent so far
this month, its best month since January. The Nasdaq is up 5.5
percent for July so far, its best monthly gain in a year and
half.
"There were two days this week, Tuesday and Wednesday when
we came strikingly close to the 1,700 (on the S&P 500) but
didn't quite move up. There is profit taking here and there as
we face this resistance," said Randy Frederick, director of
derivatives at the Schwab Center for Financial Research in
Cincinnatio, Ohio.
The Dow Jones industrial average slipped 92.00
points, or 0.59 percent, to 15,463.61. The Standard & Poor's 500
Index fell 8.30 points, or 0.49 percent, to 1,681.95. The
Nasdaq Composite Index was off 11.28 points, or 0.31
percent, to 3,593.91.
SUPER MARIO
The pan-regional FTSEurofirst 300 fell 0.2 percent
and was facing the prospect of its first weekly drop in over a
month. World stocks slipped 0.3 percent.
Nevertheless, it was a milestone day for Europe, marking one
year since ECB President Mario Draghi's "Whatever it takes"
speech that turned the tide in the euro zone debt crisis.
Italy and Spain have seen their 2-year bond yields fall from
5 and 6.4 percent, respectively, before Draghi's speech to under
2 percent, saving them immense amounts in interest payments.
"Draghi's speech was a real game changer. Investors'
perception of the euro zone dramatically changed, and many
people stopped shorting Europe. The systemic fears about
Europe's debt crisis are gone," said Pierre-Yves Gauthier, head
of strategy at AlphaValue, in Paris.
With both the Fed and the European Central Bank meeting next
week, plus some significant political events in Europe including
Spanish prime minister Mariano Rajoy facing questions in a
corruption scandal, BNP Paribas (Milan: BNP.MI - news) economist Ken Wattret said
investors were likely to remain cautious.
"You look at the equity markets and the data in the U.S. and
Europe has been good yet we are flat, so that probably tells you
that we have had a good run and there is a bit of a pause going
on," he said.
Gold slipped but was still on course for a third
weekly gain. Spot gold fell 0.5 percent on the day to
$1,326.70 per ounce as buyers cashed in on the day's $1,340
peak, around $150 up from the three-year low hit on June 28.
Source: http://news.yahoo.com/global-markets-dollar-hits-five-151017538.html
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Slumping Federer loses to Brands at Swiss Open
GSTAAD, Switzerland (AP) ? His game inconsistent and his new racket not offering much help, Roger Federer lost yet again to a player way down in the rankings.
The Swiss star fell 6-3, 6-4 to Germany's Daniel Brands in the second round of the Swiss Open on Thursday, the third straight tournament in which he made a startling exit.
Playing on clay and before home fans, Federer was troubled by the serve and big forehand of his 55th-ranked opponent.
"I wasn't consistent enough in the end," said Federer, who failed on five break-point chances. "He was serving well and I couldn't do enough with my return."
Federer's other losses in the past month were to No. 116 Sergiy Stakhovsky at Wimbledon and No. 114 Federico Delbonis at Hamburg, Germany.
The top-seeded Swiss is now ranked No. 5, his lowest in a decade since he started his run of 17 Grand Slam singles titles at Wimbledon in 2003.
Federer saved a first match point by serving an ace when trailing 5-3, and a second in the next game with a forehand winner. Brands, who took a set off Federer in a second-round loss at Hamburg, then ended the 65-minute match with a service winner in the thin mountain air.
"For sure the altitude has helped me," Brands said. "I served well and put pressure on him from the very beginning."
The 31-year-old Federer was returning to Gstaad for the first time since he won the title in 2004 and where he debuted on the ATP Tour in 1998 as a 17-year-old ranked No. 702.
Federer rarely loses an opening match. This defeat ranks alongside that of his round-of-64 exit in straight sets at Indian Wells, Calif., in March 2007 to Guillermo Canas of Argentina, then ranked No. 60.
Federer was hoping to tune his game in Gstaad and Hamburg after his second-round exit at Wimbledon. After a three-week break, he returned in Hamburg, testing his new racket yet citing back pains that limited his movement. He lost there in the semifinals.
"I'm happy that I was able to play because I've had problems for some time now, already in Hamburg," Federer said. "But it didn't get worse during today's match."
Brands broke Federer to lead 4-2 in the opening set when he put away an overhead at the net. But the 26-year-old German closed the first set with two aces, among his 11 for the match. Federer immediately lost serve in the second set by netting a backhand volley and saved three break-point chances to avoid trailing 3-0.
Federer is to return next month at the Montreal Masters and then defend his Cincinnati Masters title before the U.S. Open begins Aug. 26.
Two other seeded players were ousted in the second round: Third-seeded Janko Tipsarevic of Serbia lost to Robin Haase of the Netherlands 6-2, 6-2; and eighth-seeded Roberto Bautista Agut of Spain retired with a back injury against Victor Hanescu of Romania while trailing 7-6 (2), 3-2.
Also, Marcel Granollers of Spain defeated Federico Delbonis of Argentina 6-2, 7-5.
Source: http://news.yahoo.com/slumping-federer-loses-brands-swiss-open-163745983.html
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Key molecular pathways leading to Alzheimer's identified
[unable to retrieve full-text content]Key molecular pathways that lead to late-onset Alzheimer's disease have been identified by neuroscientists. The findings present a new approach to Alzheimer?s research and highlight several new potential drug targets.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/CejopCNEoik/130724133035.htm
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Pet pig Nemo's lymphoma treatment makes research history
By Yasmeen Abutaleb
WASHINGTON (Reuters) - When George Goldner went to feed his six pet pigs earlier this year, his 730-pound (331-kg) companion Nemo was acting strangely. Nemo had suddenly stopped eating and laid in the mud.
So Goldner loaded Nemo into a trailer and drove more than two hours to Cornell University Hospital for Animals (CUHA) in Ithaca, New York. There he learned his four-year-old Hampshire pig had what doctors believed was the blood cancer B-cell lymphoma.
The hospital's researchers told Goldner they had never seen a pig treated for cancer. But that did not deter Goldner, a self-described animal lover, who asked doctors to devise a way to treat his pig based on their knowledge of cancer in dogs and humans and not worry about costs.
Now, four months after Goldner first rushed to the hospital, Nemo has made history as the first known pig to undergo lymphoma treatment - and successfully - leaving researchers with hope for advancements in treating cancer in large animals.
"Before when large animals were diagnosed with cancer, it was pretty much impossible to treat them," said Emily Barrell, a resident who picked all of Nemo's chemotherapy drugs and delivered them. "Now we have a model to base it on."
Because pigs have necks bigger than many humans, their veins are difficult to access, Barrell said, making it impossible to deliver many of the aggressive drugs needed for chemotherapy.
Doctors at CUHA consulted with researchers in other fields before implanting a vascular access port, which is a small metal port with a silicone cover, directly under Nemo's skin behind his ear.
The port contained a catheter that ran through a jugular vein in his neck, allowing Nemo to receive the sort of cancer treatment administered to dogs and humans.
Nemo is now believed to be in remission, Barrell said, and will return home in September if everything goes according to plan.
Goldner and doctors at CUHA declined to specify how much Nemo's treatment cost. The cost of chemotherapy for an average-sized golden retriever is $4,000-$5,000 from start to finish, Barrell said, and Nemo is seven or eight times the size of that.
"There were two choices: One was to let him die and the other was to give it a shot," Goldner said in an interview. "Now I think (Nemo) is definitely bound to provide some help."
Though some may criticize the cost of treating such large animals, Barrell said it has become common practice for cat and dog owners to pay for cancer treatment, and it is up to owners to decide how much they are willing to pay.
"This is exactly the type of clinical veterinary research we should be doing to treat disease in other animals," said Justin Goodman, director of laboratory investigation at animal rights group PETA.
Nemo's appetite is back and he's treated like a "big star" at CUHA, Goldner said.
"(Nemo) is a really special story about people being innovative and owners being dedicated," Barrell said.
(Reporting By Yasmeen Abutaleb; Editing by Karey Van Hall and Cynthia Osterman)
Source: http://news.yahoo.com/pet-pig-nemos-lymphoma-treatment-makes-research-history-182857612.html
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Wednesday, July 24, 2013
COMEX Gold Inventories Plummet: Shorts May Be Forced To Cover ...
We have covered the rapidly declining COMEX gold inventories in previous articles, and the story seems to be getting old, but COMEX gold continues to drop with registered gold inventories hitting their lowest levels ever. Additionally, total COMEX gold has now dropped under 7 million total ounces or by almost 40% since the beginning of the year (we started 2013 with around 11 million total ounces).
This is something that should be very relevant to investors who own physical gold and the gold ETFs (GLD, PHYS, and CEF) because any abnormal inventory declines may signify extraordinary events behind the scenes that would ultimately affect the gold price.
(click to enlarge)
As you can see on the chart above, both registered and eligible gold stocks have been declining significantly since the beginning of 2013, and they continue to decline at rapid levels. We will take a closer look at these numbers but let us first explain the COMEX a little more for investors who are unfamiliar with it.
Introduction to COMEX Warehousing
COMEX is an exchange that offers metal warehousing and storage options for its clients. The list of their silver warehouses can be found here and their gold warehouses can be found here. In the case of silver and gold, the metal is stored at these official warehouses on behalf of banks and their clients and can be used to settle futures contracts, transferred between clients, or withdrawn from the warehouse. This offers large holders of precious metals a convenient way to store their metal with minimal storage fees - very convenient indeed if you hold large amounts of gold or silver and you don't want to store them in your basement.
Silver and gold stored in these warehouses can fall into two categories: Eligible and Registered.
Eligible metals are those that conform to the exchange's requirements of size (1000 ounce bars for silver and 100 ounce bars for gold), purity, and refined by an exchange approved refiner. Eligible metals are stored at COMEX warehouses on behalf of banks or private parties, but are not available for delivery for a futures contract.
Registered metals are similar to eligible metals except that these metals are also available for delivery to settle a futures contract. COMEX issues a daily report on gold, silver, copper, platinum, and palladium stocks, which lists all the metal that is currently stored in COMEX warehouses and how much eligible and registered metal is present.
This information allows investors insight into how much metal is currently backing COMEX futures contracts, what large gold and silver owners are doing with their metals, and how many clients are requesting delivery of their metals. There is a lot more to glean from this information but for the purpose of this article we will focus on the gold drawdown.
Gold Continues to Leave the COMEX
Before we look at the numbers we have to give a plug to the folks at troyozgold who provided important data that helped to contribute to this article. Their site is free to use and provides investors with terrific information about COMEX inventories, ETF inventories, and a lot of other data about everything related to the gold and silver markets - investors should check it out.
Let us now take a deeper look at the gold draw-downs being seen in the COMEX warehouses.
(click to enlarge)
As you can see in the chart above, we have been seeing consistent declines in gold inventories for the last six months and last week continued this decline. In the reporting week ending on 7/19, gold stocks dropped by 120,723 ounces for the week which left COMEX inventories at a new yearly low of only 6.99 million ounces - the lowest it has been since the beginning of 2006.
But what may be more important to investors is that registered gold stocks have dropped to their lowest levels since data has been published - pre-2002 levels.
(click to enlarge)
Keep in mind that registered gold is the only gold available for delivery at the COMEX - eligible gold is stored but is not available for delivery. This means that COMEX participants are demanding more gold for delivery, even as other COMEX gold holders are preventing their gold from being eligible to fulfill delivery on settled gold contracts.
As we have mentioned before, we do not know why gold is leaving the COMEX - but we do know it is still leaving in ever increasing quantities. The steep and sustained nature of this decline suggests that it is not a haphazard event - multiple players are withdrawing their gold in large amounts and there must be a significant reason why they are doing it.
Debunking the Negative Gold Sentiment Explanation
Some may suggest that gold stock declines are due to negative investor sentiment about gold. The argument is that investors are no longer interested in gold so there is no need to own or keep it at the COMEX - they can just sell it on the market and move their investment dollars elsewhere.
The first problem with this argument is that the declines started way before the gold price started to drop. Why wouldn't we have seen the start of this decline in 2011 after the $1900 gold high? Why not in 2012 when the gold price dropped 20% from its highs? This type of gold stock decline has not been witnessed in prior periods with similar price drops, so it doesn't seem to have much weight behind it.
The second problem with this argument is that we are just not seeing the same decline in COMEX silver. We know that investors that buy physical gold and store it at the COMEX are the same investors that buy physical silver and store it at the COMEX - so why not see the same declines in COMEX silver especially since it is more costly to store silver than gold? If the above argument were correct, we would expect investors to be removing their COMEX silver too, which is not what we are seeing.
This suggests that there is something specific regarding gold that is causing such large inventory declines. Our belief is that the reason for this large decline in gold stocks is because it is being used to satisfy gold demand outside the United States. Foreigners demand both gold and silver, but their gold demand is much greater than their silver demand and thus we see the significant decline in gold stocks that is not matched by a similar decline in silver stocks.
What does this Mean for Gold Investors
This is extremely bullish for investors in physical gold and the gold ETFs (GLD, CEF, and PHYS). As COMEX gold stocks drop, there is less gold to satisfy outstanding contracts which may cause a major problem in the future if these stocks are not replenished or the number of outstanding contracts does not decline. While we don't expect a COMEX default (though we cannot rule it out), we do expect the price to rise significantly if stocks continue to decline - rather than a default we see a large price rise to replenish COMEX inventories.
Additionally, we know that demand for physical gold across the world has been very strong - if this gold is being used to meet demand outside the United States then we may not have much longer before COMEX gold cannot be used to fulfill this demand. This is very bullish because if whoever is using COMEX gold to meet their physical demand no longer has it as an option, demand will have to come from elsewhere - which will push up the price.
Finally, we know that many hedge funds and retail investors have heavily shorted gold, anticipating prices below $1000. Unfortunately for them, we believe that the physical market is very tight and this physical market stress is about to push the paper price of gold much higher and cause many of these shorts to scramble and cover. The physical market may be much slower to affect price with the large volumes of paper gold being traded, but when it does catch up to the price the result is often violent moves.
As a gold investor, it is difficult to think of a better situation to own physical gold than when gold inventories are dropping to unprecedented levels and large short positions exist amongst investors who really have little knowledge of the gold market. For those investors seeking much higher returns, we suggest considering gold miners such as Randgold (GOLD), Goldcorp (GG), and Alamos Gold (AGI), though for the more conservative investors gold seems like a very good value at these prices.
Disclosure: I am long SGOL, AGI, PSLV, GOLD, GG, SIVR. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Portugal president approves reshuffle, ending government rift
LISBON |
LISBON (Reuters) - Portugal's president approved on Tuesday the promotion of junior coalition party leader Paulo Portas to deputy prime minister and a wider government reshuffle as proposed by premier Pedro Passos Coelho to ensure the ruling coalition's unity after a rift.
The promotion of Portas, who leads the rightist CDS-PP party, from foreign minister to deputy prime minister coordinating talks with Lisbon's EU and IMF lenders has been a key condition to heal the rift which earlier this month had threatened to derail Lisbon's bailout.
President Anibal Cavaco Silva on Sunday ruled out a snap election and said the government should stay until the end of its term to make sure Portugal exits the bailout as planned, cooling weeks of political turmoil.
The president's office said in a statement that Rui Machete from the main ruling Social Democratic party, who has served as deputy prime minister in a previous government, was appointed foreign minister.
In another change reinforcing CDS-PP presence in the government, the premier replaced Economy Minister Alvaro Santos Pereira, an independent, with Antonio Pires de Lima, an economist and politician from Portas' party.
A new ministerial post, for environment, territorial management and energy was created by narrowing the functions of Agriculture Minister Maria Assuncao Cristas, who is also from CDS-PP. Environmental expert Jorge Moreira da Silva, from the premier's party, will fill the new post.
The new ministers will be sworn in on Wednesday.
Portas has objected to some austerity policies and some investors fear his promotion may conflict with the continuity of bailout austerity policies under new Finance Minister Maria Luis Albuquerque, appointed earlier this month to replace Vitor Gaspar, the architect of Lisbon's budget consolidation drive.
Albuquerque was previously treasury secretary and Gaspar's close collaborator.
(Reporting By Andrei Khalip; Editing by Michael Roddy)
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Tuesday, July 23, 2013
LiveLeak app releases for Android
While Liveleak might be one of the more well-known video sites outside of YouTube, and the primary platform for sharing Russian dashcam videos, it has long lacked an Android app, and an iOS app, come to think of it. That's all set to change, with the Android app having been announced only hours ago.
The blog post claims an app for Apple devices is in the works, but that it might take longer. No particular time-frame is provided, and the blog posting is quite brief, with only one screenshot. As readers will notice, the official design is very much stuck in the Android 2.2/3 era.
So, we downloaded it to see just what's going on. The app feels more like a wrapper for LiveLeak's website than it does as a standalone, with video playback limited to any players installed on an Android device.
Running on Android 4.0, the app feels slightly fresher due to the font change, but the Internet's premier destination for Russian dashcam videos has a long way to go to have an app like the one YouTube has. The settings option in the lower right of our screenshots also did nothing at all, hence why this is a version 1.0 offering.
Source: LiveLeak
Gallery: LiveLeak Android app
Source: http://feeds.neowin.net/~r/neowin-all/~3/TSA6SZtguXU/liveleak-app-releases-for-android
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White House slams House GOP plan for immigrants
WASHINGTON (AP) ? A White House senior adviser is accusing the House GOP of "cruel hypocrisy" for contemplating legal status for unauthorized immigrants brought to the U.S. as children ? without also legalizing their parents.
Dan Pfeiffer (FI'-fer) says over Twitter that the plan boils down to allowing some kids to stay while deporting their parents.
Pfeiffer's comment Tuesday comes as the House Judiciary Committee prepares to convene a hearing on what to do about immigrants brought illegally to the U.S. as children. House GOP leaders have endorsed a path to citizenship for some of these immigrants.
But Democrats and immigration advocates say that's not enough. They are holding out for comprehensive legislation offering citizenship to all 11 million immigrants here illegally, like the Senate has passed. Many House Republicans oppose that approach.
Source: http://news.yahoo.com/white-house-slams-house-gop-plan-immigrants-145630831.html
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Moroccan king approves resignations, paving way for coalition talks
RABAT (Reuters) - The king of Morocco on Monday accepted the resignation of cabinet ministers from the junior party in the ruling coalition, the palace said, a move that opens the way for Prime Minister Abdelilah Benkirane to begin trying to form a new government.
Five ministers from the conservative Istiqlal party quit this month, arguing among other things that the senior partner, the Islamist Justice and Development party (PJD), was hurting the poor by reducing food and fuel subsidies too fast.
"The king has accepted these resignations and urged the outgoing ministers to remain in office until the appointment of others," said the statement, carried by the state news agency. "This will allow the prime minister to begin consultations to form a new coalition."
Benkirane has told local media that he will hold talks with all parties to seek a new coalition partner.
Morocco defused Arab Spring-style protests in 2011 with a combination of social spending, harsh policing and constitutional reforms that paved the way for the PJD to come to power.
However, last year the government agreed to implement economic reforms including deregulating many prices of staple goods in return for a two-year, $6.2 billion precautionary credit line from the International Monetary Fund (IMF).
Benkirane said last month that the IMF had criticised his government for being too slow to enact the reforms, which will mean pain for households used to subsidised oil, gas, sugar and other staples.
Nevertheless, the planned subsidy cuts have been delayed until after the current Muslim holy month of Ramadan.
Subsidies burned up 53.36 billion dirhams of public money in 2012, or 6.4 pct of Morocco's GDP, and the government has said it expects to cut this by a fifth.
Source: http://news.yahoo.com/moroccan-king-approves-resignations-paving-way-coalition-talks-061838698.html
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Dos a?os de la muerte de Amy Winehouse
Dos a?os de la muerte de Amy Winehouse
Casi dos a?os despu?s de su fallecimiento, Amy Winehouse sigue siendo uno de los grandes iconos de la m?sica soul.
22 de julio de 2013 a las 01:47 PM
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Sunday, July 21, 2013
Pet owner is fined ?50 by council after dog left hair in park - Daily Star
Tracey was shocked to receive a fine from the council
Tracey Hayes, 46, was slapped with the on-the-spot penalty by two council wardens who spotted the dog hair.
She was told she had committed an offence by brushing her golden retriever, Biskit, and German shepherd, Rocky, in Harrow Lodge Park, Hornchurch, Essex.
?Obviously this was all about the money and not cleaning up the environment?
Tracey Hayes
Mrs Hayes said: ?It seems a little crazy to me when you see the amount of litter in the park.
?I always leave the dogs? hair out in my garden for the birds and I haven?t met a single person to say anything against it.?
The mum-of-two said the park officers left without clearing away the hair, which she put in her car.
?Obviously this was all about the money and not cleaning up the environment,? she said.
Cllr Andrew Curtin, of Havering Council, said: ?Responsible dog owners groom their pets at home or in their garden, not in public spaces, and especially not in our parks.?
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Saturday, July 20, 2013
Australia to send refugees to Papua New Guinea
CANBERRA, Australia (AP) ? Australian Prime Minister Kevin Rudd has warned that all refugees who arrive in Australia by boat will be resettled on the island nation of Papua New Guinea as his government struggles to stem an influx of asylum seekers. The new policy was immediately condemned by human rights groups.
Rudd and Papua New Guinea Prime Minister Peter O'Neill signed an agreement in the Australian east coast city of Brisbane on Friday that will enable Australia to deport refugees to its developing neighbor in the southwestern Pacific Ocean.
"From now on, any asylum seeker who arrives in Australia by boat will have no chance of being settled in Australia as refugees," Rudd told reporters.
The move, described by Rudd as "very hard line," aims to deter an escalating number of asylum seekers who travel to Australia in rickety fishing boats from poor, war-torn homelands through other countries such as Indonesia and Malaysia.
The growing influx is a major political problem for Rudd's Labor Party, which is the clear underdog in elections expected within months.
The policy was condemned by refugee and human rights advocates.
"The new plans to resettle all asylum seekers that are found to be refugees in PNG shows not only a complete disregard for asylum seekers but absolute contempt for legal and moral obligations," Graeme McGregor, Amnesty International's refugee campaign coordinator for Australia, said in a statement.
David Manne, executive director of Australia's Refugee and Immigration Legal Center, described it as "a fundamental repudiation of our commitment to protecting refugees."
Manne described Papua New Guinea as an unsafe country where violence is widespread and serious human rights abuses are a daily occurrence.
But Rudd said the policy met Australia's obligations under the United Nations' Refugee Convention. Papua New Guinea is a signatory of the same convention that sets out refugees' rights.
The rules will apply to asylum seekers who arrive from Friday.
Asylum seekers who arrive by boat would continue to have their refugee claims assessed in Australia and at detention camps in Papua New Guinea and Nauru.
Those who are found not to be genuine refugees could return to their home countries or another country other than Australia.
Australia would help genuine refugees settle in Papua New Guinea ? a diverse tribal society of more than 800 languages and 7 million people who are mostly subsistence farmers.
By Friday, 15,728 asylum seekers had arrived by boat this year. The arrivals are on track to exceed last year's total of 17,202 as well as the government's target of resettling 20,000 refugees a year.
Iran has become the biggest source country. Asylum seekers from Iran last year accounted for one in seven arrivals. This year, they make up one in three.
Indonesia has announced it will stop issuing visas on arrival to Iranians in a bid to stem the flow to Australia.
Amir Syamsuddin, justice and human rights minister, signed a decree on Thursday revoking the visa-on-arrival option for Iranians that has been in place since 2005, said Maryoto Hadi, spokesman for the immigration office. The new restrictions start Aug. 20.
Indonesia has granted visas on arrival to more than 60 countries, including Iran, in a bid to boost tourism by making it easier for foreigners from those nations to obtain visas for $25 at 15 airports and 21 seaports.
Rudd said his government would negotiate with other of its neighbors in a bid to restrict visa access from other asylum-seeker source countries.
Afghanistan, Sri Lanka, Pakistan, Vietnam, Iraq, Bangladesh and Myanmar are the next largest sources of asylum seekers arriving on Australian shores.
O'Neill set no limit on how many asylum seekers his country was prepared to accept.
"It is not going to be easy, but of course Papua New Guinea is blessed with a large land mass and a very small population so there is enough assistance that we can give to the Australian government," O'Neill said.
Australia is PNG's former colonial master and is now its largest source of foreign aid. In return for accepting refugees bound for Australia, Rudd said Australia will redevelop a hospital in PNG's second largest city reform the country's university sector.
The new policy echoes that of a previous Australian government that in 2001 has also pledged that asylum seekers who arrived by boat would never be accepted by Australia.
That policy all but stopped the asylum seeker traffic.
Some refugees spent years in an Australian-run detention camp on the tiny Pacific atoll of Nauru before Australia eventually resettled them because no other country would.
___
Associated Press writer Niniek Karmini in Jakarta contributed to this report.
Source: http://news.yahoo.com/australia-send-refugees-papua-guinea-095228523.html
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Andie MacDowell stars in Hallmark Channel show
FILE - This May 27, 2012 file photo shows actress Andie MacDowell during the 65th international film festival in Cannes, southern France. MacDowell stars in "Debbie Macomber's Cedar Cove," premiering Saturday, July 20, 2013 at 8 p.m. EST on the Hallmark Channel. (AP Photo/Joel Ryan, File)
FILE - This May 27, 2012 file photo shows actress Andie MacDowell during the 65th international film festival in Cannes, southern France. MacDowell stars in "Debbie Macomber's Cedar Cove," premiering Saturday, July 20, 2013 at 8 p.m. EST on the Hallmark Channel. (AP Photo/Joel Ryan, File)
FILE - This May 27, 2012 file photo shows actress Andie MacDowell during the 65th international film festival in Cannes, southern France. MacDowell stars in "Debbie Macomber's Cedar Cove," premiering Saturday, July 20, 2013 at 8 p.m. EST on the Hallmark Channel. (AP Photo/Joel Ryan, File)
This publicity photo released by Hallmark Channel shows Andie MacDowell, as Olivia Lockhart, a municipal judge, in "Debbie Macomber's Cedar Cove." The series debuts Saturday, July 20, 2013, on the Hallmark Channel. (AP Photo/Copyright Hallmark Channel, Katie Yu)
LOS ANGELES (AP) ? Life mirrored art when Andie MacDowell was offered the chance to star in a new Hallmark Channel series.
"Debbie Macomber's Cedar Cove," based on novelist Macomber's books, focuses on a judge who weighs putting her career ahead of her roots and family. MacDowell said taking the role appeared to mean she'd have to give work precedence over her role as a parent.
"When the script came to me, I wasn't sure if I wanted to do it," the actress said. "I love my work, but my kids come first, and I was finishing off my daughter's last year in high school."
She didn't want to leave her job as mom early, MacDowell said. But when her two daughters read the script and declared it perfect for her, she reconsidered. As luck would have it, the production was delayed and she was able to neatly balance home and acting.
MacDowell is enthusiastic about "Cedar Cove," which debuts at 8 p.m. EDT Saturday and represents the Hallmark Channel's first original prime-time series. Dylan Neal, Bruce Boxleitner, Teryl Rothery, Barbara Niven and Sarah Smythe are in the cast.
The series is a warm-hearted respite from the many dark and edgy shows on TV, MacDowell said.
"It's one of those stories that makes you feel good, classic Hallmark that makes you cry, makes you laugh," she said, adding that the title's fictional town is a "great character, and you enjoy being in the place."
As for her daughters, "they're both sprouting their wings and taking off," she said, with Rainey, 24, an actress and singer-songwriter and Margaret, 18, an actress and model.
MacDowell's son, Justin, 26, is pursuing a master's degree in English at the University of Montana.
___
Online:
http://www.hallmarkchannel.com
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Friday, July 19, 2013
Whirlpool profit surges as sales rebound, shares jump
By James B. Kelleher
CHICAGO (Reuters) - Whirlpool Corp
The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States.
Whirlpool shares jumped 6.1 percent at $126.63 in early trading.
Investors were searching for such signs of growth as China's economy continued to slow. Whirlpool, the world's largest appliance maker, and Swedish rival Electrolux AB
Whirlpool reported second-quarter profit of $198 million, or $2.44 a share, up from $113 million, or $1.43 share, during the same period last year.
Sales at the maker of Whirlpool, Maytag and KitchenAid appliances rose 5.3 percent to $4.74 billion.
The mean of analysts' estimates was for net income of $189 million and revenue of $4.66 billion, according to Reuters data.
Also on Friday, Electrolux posted second-quarter earnings in line with analysts' expectations and reported the first rise in total industry shipments of appliances in Europe in six quarters.
The Swedish company forecast a rebound in demand for its products in Europe accelerating in 2014, and raised its outlook for the United States this year, citing the country's housing recovery.
David MacGregor, an analyst at Longbow Research, called the results from both consumer bellwethers "very encouraging."
For Whirlpool, the gains were led by big unit sales increases in Europe and Latin America, where revenue rose nearly 6 percent, and the United States, where revenue was up 5.1 percent.
Whirlpool's focus on margin improvement was reflected in operating profit in Europe and Latin America, which jumped 77 percent and 31 percent, respectively.
The Benton Harbor, Michigan-based company increased its full-year diluted earnings forecast to a range of $10.05 to $10.55 a share from $9.80 to $10.30.
(Additional reporting by Mia Shanley and Sven Nordenstam in Stockholm; Editing by W Simon and Jeffrey Benkoe)
Source: http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.html
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Microbes can influence evolution of their hosts
[unable to retrieve full-text content]Contrary to current scientific understanding, it appears that our microbial companions play an important role in their hosts' evolution. A new study provides the first direct evidence that these microbes can contribute to the origin of new species by reducing the viability of hybrids produced between males and females of different species.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/lfigNHiK1l8/130718142417.htm
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E. Texas physician's assistant pleads guilty to 2 counts of indecent exposure
HARRISON COUNTY, TX (KLTV)- A physician's assistant who worked in East Texas pleaded guilty on Wednesday in a Harrison County courtroom?to two counts of indecent exposure.
Investigators began looking into Christopher Magill after receiving multiple complaints from women alleging inappropriate conduct.?
The victims told authorities that during their exam, Magill would ask very personal questions that were unrelated to their medical complaints.
Each of the women told officials that Magill exposed himself in the exam room, after discussions with the patients on their personal lives.
One of the women stated Magill touched her breasts inappropriately during an exam for a completely unrelated illness.
Magill was sentenced to 18 months probation. He must also surrender his physician's assistant license and cannot work in that field again.
"We spent a lot of time speaking with the victims in this matter and talking to them about their wishes, and it was their main wishes that he gets help. The victims don't want to go through the trial process and have to testify to all of this. So he loses that time and effort that he put into that that way he can't be in a position," said Harrison County District Attorney Cike Solomon?
He must pay a $500 dollar fine, perform community service, and go through continued therapy. As part of the plea, a third indecency
charge and a charge of assault by physical contact were dropped.?
Copyright 2013 KLTV. All rights reserved.
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Thursday, July 18, 2013
Liquidmetal iPhone, iPad or iWatch teased in patent release http://wp.me/pj722-1dD7
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Source: http://www.facebook.com/SlashGear/posts/566011446771427
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If Facebook Was a Board Game
You probably use Facebook too much and don't play board games enough. That's not right! But what if Facebook was a board game instead? How would it work? Graphic designer Pat C. Klein imagined Facebook as a board game and came up with some clever Monopoly-style rules.
Source: http://gizmodo.com/if-facebook-was-a-board-game-822021323
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Sumeet Singh commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Place Your Call For EURUSD Friday's London Open Price
Afternoon guys
After a break of a few weeks due my own incompetency to perform multitasks - please accept my apologies again :( - we are back with our casual contest? "Forex Oracle of the Week", this case in EURUSD.
Rules:
1. Remember to place here you call for EUR/USD price for Friday July 19th 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).
2. Just place ONE forecast. example: EURUSD at 1.3010
3. All forecasts must be placed before Wednesday May 17th 12:00AM GMT or 13:00PM BST.
4. There will be a prize for the one of you that approaches the most to the open price. Does not matter if you got short or you exceeded the open price, the closest win. Using different words, the guy with less pips of difference with the open price, win.
5. In? case of multiple winners, the trader that made the call first wins
6. Only registered members can participate in the contest
?
And the prize?
By Anna Coulling
Here in the UK we have a product called Marmite. It is a deeply divisive food, which you either love or hate. Those who love it, cannot understand how anyone could live without it - and of course, the opposite is true for those who hate it!
This same sentiment could be applied to volume as a trading indicator.
In other words, you are likely to fall into one of two camps. You either believe it works, or you don't. It really is that simple. There is no halfway house here!I make no bones about the fact that I believe I was lucky in starting my own trading journey using volume. To me it just made sense, and the logic of what it revealed was inescapable. And for me, the most powerful reason is very simple. Volume is a rare commodity in trading - a leading indicator. The second, and only other leading indicator, is price. Everything else is lagged. +info.
Source: http://www.forexstreet.net/xn/detail/3252082%3AComment%3A553262?xg_source=activity
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Big surprise: White House immigration ?FACT? not so factual after all (Michellemalkin)
UK lawmakers urge caution in arms exports
LONDON (AP) ? Britain has issued more than 3,000 licenses allowing the export of arms and military equipment to countries where the U.K. has concerns about human rights, according to a report from lawmakers published Wednesday.
The House of Commons Committees on Arms Export Controls said the combined value of the individual export licenses came to more than 12 billion pounds ($18.1 billion). It urged the government to exercise more caution in approving applications for the export of arms to countries with authoritarian regimes.
Britain's Foreign Office has a list of 27 nations where the U.K. government has wide-ranging concerns about the human rights situation, including Myanmar, China, Iran, Iraq, Israel, Libya and Syria. According to the report, all but two of the 27 ? North Korea and South Sudan ? have valid export licenses in play. Among the countries of concern, the largest number of licenses were issued for exports to China, Saudi Arabia and Israel.
While it said many of the licenses were for items "not readily usable" for internal repression, the committees said a "surprisingly large" number of licenses were issued to exporters sending arms to countries where human rights are a concern.
The scale of the licenses "puts into stark relief the inherent conflict between the government's arms exports and human rights policies," said John Stanley, chairman of the committees.
"The committees adhere to their previous recommendation that the government should apply significantly more cautious judgments when considering arms export license applications for goods to authoritarian regimes 'which might be used to facilitate internal repression' in contravention of the government's stated policy."
In response to the report, the British government stressed it takes its export responsibilities "very seriously" and that it has "one of the most rigorous arms export control regimes," under which licenses are not granted when there is deemed to be a risk that goods would be used for internal repression or to provoke or prolong conflict in the countries they are exported to.
The government added in a statement that all of the licenses highlighted in the committees' report had been "fully assessed" against a range of strident criteria to ensure goods would not be used for internal repression, to provoke or prolong conflict within a country, used aggressively against another country or risk Britain's national security.
The Committees on Arms Export Controls is made up of the House of Commons defense, foreign affairs, international development and business, innovation and skills committees.
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Tuesday, July 16, 2013
SupeRep, No.1 Catalog, Order Taking and CRM App: The First Mobile Sales Rep App on Windows Store
RA'ANANA, Israel, July 16, 2013 --
?
WRNTY Ltd. (www.WRNTY.com), the fastest-growing provider of apps for on-the-go sales teams announces the release of SupeRep??? for Windows 8.
WRNTY??? is addressing the growing demand from thousands of users to use a single device for SupeRep??? in conjunction with Windows Office and legacy applications. This applies to field sales reps using tablets and hybrid PCs as well as sales support and managers working on desktop PCs.
Since its launch in September 2011, SupeRep??? has grown exponentially to become App Store's #1 mobile sales rep app. It is now the first such solution available for Windows 8 on the Windows Store. ?
"Being the global leader in our field obligates us to keep up with the growing BYOD trend and provide our users with the freedom to choose their device. This is the first step toward fulfilling our commitment to support all major platforms including Android by the end of 2013," said Ofer Yourvexel, WRNTY's CEO.
The SupeRep??? for Windows 8 product launch movie can be found here:
http://www.wrnty.com/en/about/press-and-news/superep%E2%84%A2-available-for-windows-8/
To download SupeRep??? for Windows 8, click here
http://apps.microsoft.com/windows/en-US/app/0980d1ca-25cd-4b5a-927f-5f1057331a4c
About WRNTY
Established in 2006, WRNTY Ltd. is the leading provider of mobile sales apps for manufacturing, wholesale and retail. Its flagship product, SupeRep???, is a complete mobile, SaaS, cloud-based solution for sales reps encompassing catalog, order taking and CRM and employing tablets and PCs as the end-user interface. WRNTY's customers have reported upwards of more than 20% growth in sales by using SupeRep???.
SupeRep??? runs on iPad and Windows 8 and is coming soon to Android. For more information about WRNTY??? and SupeRep???, visit www.WRNTY.com.
For more information, please contact Mr. Omer Nuriel, Marketing Director, at: omer.n@wrnty.com / 1-800-644-9146
Article source and copyright ? PR Newswire Europe Limited, all rights reserved.
Trademarks, logos, pictures and other items may be copyright of firms mentioned in this article.
Source: http://feedproxy.google.com/~r/ITbriefing/~3/ZRg9AJ3CI0A/index.php
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How To Deal With Personal Finance Issues - Homesoon Accounting
For some people, a financial problem can lead to depression and even suicide. Don?t allow yourself to be like that. No matter what financial woes you are facing, there is always hope. There are many actions that can be taken to save more money and effectively manage your finances. Read the following tips to find out how to gain control of your finances.
Money management is key to success. Profits need to be protected and reinvested as capital in the business. Allocating profits into capital to build a larger foundation for growth is acceptable, however, managing those profits wisely allows you to see return from your investments. Choose how much of your profit will become capital and stick to the portion or amount.
The standard warranty is usually either 90 days or a year, which is plenty of time for most defective parts to quit on you. Extended warranties make someone a lot of money, but it isn?t you.
Tips Pay attention to trends when investing in forex. You need to know a lot of information, so you know how to sell high and buy low.
When working on personal finances, patience can help you save a lot. A brand-new electronic device, for instance, will entice some people into making an immediate purchase. It would help to wait a while, since electronics prices decrease as time passes. This will give you much more money to use for other things.
A good health insurance policy can save you from financial strife. It is inevitable that you will get sick some time or another. For this reason, it is important to be covered. Hospital and medical bills can climb as high as twenty thousand dollars or more in some instances. Paying for proper medical care is not possible without a good insurance plan.
Spread your purchases across several credit cards instead of using one that is nearing your credit balance limit. The payments on two smaller balances can be lower than trying to pay off a card that has reached its limit. This can serve as a great technique towards improving your credit score in the long run.
Tips Buying items on sale can add up to big budget savings. Stop loyal purchasing of certain brands and buy whatever you have a coupon for.
If collectors are harrassing you for repayment of debts, try and do some negotiating with them. Your debt was probably purchased for a small amount of money. By talking them down, you can pay less than what you originally owed while they still make a profit. Use this to your advantage and pay a lower price for that old debt.
Save money from each of your checks. It is easier to save money every week rather than waiting to see what you have left when the month is over. Setting this money aside right away, makes it out of sight and out of mind. It becomes easier to see what remaining amount you have to spend, therefore, you will be less likely to be tempted to use it on a whim. You will also not be giving yourself a chance to forget to set some money aside.
Tips The best way to stay one step ahead of financial problems is to advance plan for your future. It can be quite motivating to form a financial plan, as it provides you with concrete reasons for working harder, saving and avoiding needless spending.
Now that you?ve learned what to do about your finances, life should be getting good again. This should give you an idea on how you?re going to improve financially. Now that you have a shimmer of hope, share your insights ? and this article ? with friends who need some assistance too.
Source: http://www.homesoonaccounting.com/how-to-deal-with-personal-finance-issues-59.html
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Monday, July 15, 2013
Nissan's Datsun Readies for Comeback. Grand Unveiling in India Today
Nissan Motor Co's Datsun brand is all set to make a comeback in the Indian auto market after a gap of 33 years on Monday
The Japanese car maker is all set to pull the wraps off its new Datsun car, K2, as a concept in New Delhi at the hands of Carlos Ghosn, Head of Renault-Nissan.
Vicent Cobee, Corporate Vice-President of Nissan Motor's Datsun business unit, speaking to Business Line said, "India is probably the most competitive country in the world for the automotive industry. It does not cover 100 per cent of technology or components required to make a car but it is giving a good 97 per cent."
The soon-to-be-launched car is expected to be priced in the ?2-?4 lakhs range and is expected to invite direct competition from Maruti Alto 800 and Hyundai Eon.
Seeking to tap into the ultra-low cost car market, Nissan plans to expand its Datsun brand in emerging markets like India, Indonesia, South Africa and Russia, before moving onto other markets like Southeast Asia, Middle East and Latin America.
"We want to stay focused on four countries (India, Russia, Indonesia and South Africa) initially and make this project a reality. Of course, we will go beyond that because the emerging new middle-class will hopefully happen in many places," Cobee said.
Apart from the K2, the company also plans to roll out another model by 2014 end and the third model in 2016, according to Reuters.
To contact the editor, e-mail:
Source: http://au.ibtimes.com/articles/490241/20130715/nissan-motor-india-datsun-lowcost-launh-price.htm
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A stroke of luck - Shopkeeper wins Nestl? Community Fest raffle
Christopher Serju, Gleaner Writer
GOLDEN SPRING, St Andrew:"I FEEL good! I am happy because I just finished my house and I really needed a stove," Angella Allen told The Gleaner, having taken the top prize in the Nestl? Community Fest raffle held at the Golden Spring Community Centre, St Andrew, last Saturday.
Even though she had arrived home quite some time before, with no intention of heading back out, upon getting the phone call, Allen gladly left her mother in charge of the small shop she operates in New Garden, a community near to Golden Spring, and chartered a taxi to take her back to the venue she had left hours before.
The caller wanted to know if she could get back to the community centre before 8 o'clock, intimating that her small gamble in the day might have paid off in a big way.
As the vehicle zipped along the road, she recalled how the emcee had kept stressing that by purchasing at least $500 worth of Nestl? products, one would get a chance to enter the Nestl? Community Fest raffle. The prizes were a pressure cooker, a microwave oven, and the really big one, a four-burner gas stove, but Allen knew she had no chance of winning anything. So with nothing to lose, she bought six cans of Suppligen for the shop, hung around and chatted with friends for a while before heading back to relieve her mother.
Back at the venue, Allen quickly identified herself, and upon being called on stage, just couldn't believe when DJ Sparks advised her that she had, in fact, won a four-burner gas stove. Not until it was in her house and she was checking out the stove with her mother and son did it really sink in.
Pointing to the timing of the win, just after the completion of her house and now looking to furnish it, the shopkeeper related that having heard about the community fest well in advance, she had planned to visit but could not stay long to really enjoy the event because Saturday was usually one of the more brisk business days.
The short visit paid off, however, and she is looking forward to the next Nestl? promotion and will most definitely be there.
knowledge of cooking
Allen was just one of many winners on a day when residents of New Garden, Golden Spring, Boon Hall, Stony Hill, Lawrence Tavern, Temple Hall, Glengoffe, Unity, Border, and Mount James turned out for the culmination of Nestl?'s Knock at Your Gate competition.
Residents competed in netball, football, basketball, sprint races, dominoes, and arm wrestling, among other events. The MAGGI Mobile proved a big hit with householders who were impressive with their knowledge of cooking and nutrition, for which they won Nestl? products.
Stephen Summers, sales manager at Nestl? Jamaica, attributed the mobile's growing popularity to the fact that many times, participants surprised themselves upon recognising how much they actually knew about the different food groups and other aspects of proper meal preparation.
The knowledge exchange, he explained, was in keeping with the company's islandwide promotion aimed at creating shared values by educating customers about proper nutrition, health, and wellness. He said it was important that Jamaicans be able to make informed decisions in respect of how their hard-earned cash was spent in order to ensure they got maximum value.
Source: http://jamaica-gleaner.com/gleaner/20130713/news/news4.html
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san diego state and wawanesa insurance begin ... - Learfield Sports
SAN DIEGO - San Diego State Athletics and its multimedia rights partner, Learfield Sports? Aztec Sports Properties, announced today that Wawanesa General Insurance Company will be the Aztecs? newest corporate partner for the 2013-14 athletic season.
Headquartered in San Diego since 1974, Wawanesa extends its footprint in the community with its first-ever collegiate partnership and first-ever affiliation with the San Diego State Aztecs.
The partnership officially kicks off next month and continues through the next athletic season with benefits centered on football and basketball. Wawanesa will receive exposure through football and basketball radio broadcasts, website advertising on the official athletics? site GoAztecs.com and on-site fan activation at home football and basketball games.
?We?re excited to align with the Aztecs and enter the collegiate space for the first time,? said Wawanesa?s Vice President of US Operations David Fitzgibbons. ?There?s no doubt we?re looking forward to this partnership and how it can benefit San Diego State?s alumni, fans and campus community.?
The Aztecs? partnership will complement Wawanesa?s other sports sponsorships in the immediate area ? San Diego Padres broadcasts, Lake Elsinore Storm, San Diego Sockers and various community youth sports organizations in San Diego County.
?Wawanesa already has proven to be an involved company in our community and area sports landscape,? said San Diego State University Athletic Director Jim Sterk. ?We?re pleased to see them come on board as an Aztec athletic partner and believe strongly they will see tremendous value from this collegiate partnership. We?re certainly happy to have their support and commitment.?
Wawanesa General Insurance Company?s marketing, underwriting, claims processing, and policyholder services are all conducted from the headquarters on Friars Road, close to Qualcomm Stadium.
Wawanesa employs almost 600 local San Diego residents and is committed to delivering award-winning customer satisfaction every day. The company offers insurance for auto, home, condo and renters directly to consumers in California. Wawanesa maintains expense levels well below industry averages. These costs savings are passed on to consumers in the form of lower insurance rates.
Aztec Sports Properties, a property of Learfield Sports, secured the Wawanesa relationship on behalf of SDSU Athletics. Learfield Sports manages multimedia rights for more than 50 collegiate institutions and associations and titles the Learfield Sports Directors? Cup with NACDA and USA Today. For more about the company?s 40-year history and complete collegiate portfolio, visit www.learfieldsports.com.
Source: http://learfieldsports.com/2013/07/san-diego-state-and-wawanesa-insurance-begin-partnership/
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