| Hutton faces bloody battle against Murdoch
Giving the Murdochs a bloody nose will bring John Hutton, the Secretary of State for Business, plenty of cheers from the political sidelines.
BSkyB must sell most of ITV stake Labour gives Murdoch a bloody nose Read more of Damian Reece's commentGetting tough over competition issues with Rupert Murdoch's News Corporation and its associated companies, such as BSkyB, is perfectly laudable, as it would be with any company. Take on the Murdochs by all means, but choose your battles carefully. .
CFFEX approves 13 new members
The China Financial Futures Exchange (CFFEX) announced the fourth group of members on Monday. Including the 13 new members, the total number of CFFEX member brokers is now 52, accounting for about one third of all of China's futures brokers. Analysts believe continuous expansion of the membership indicates accelerated preparations for the launch of the country's first financial futures products based on the CSI 300 index. Two of the 13 new members - Donghai and Everbright - have been granted full clearing rights . Six of them are trading and clearing brokers: Topwin, Henan Wanda, Haitong, Shanghai Tonglian, Shanghai Zhonggu, and China Merchants. Five are trading members: Chuangyuan, Hengyin, SC, Zhujiang and Zhejiang Tiandi. As of yesterday, of the total 52 CFFEX members, seven are full clearing brokers, 27 are trading and clearing brokers, and 18 are trading members.
Tom Blumer's blog
I have referred to Mr. Wesbury's work frequently. That's because he has been, as he is today, a sober voice standing up to Old Media-driven economic hysteria with those stubborn things known as facts. Wesbury first caught my attention when he expressed alarm in late 2005 that 43% of the country thought we were in a recession -- not about to go into one, actually in one. That same poll metric reads 35% today. There wasn't a recession then, and odds are, as Wesbury notes, we're not near one now. Here are some snips from his Wall Street Journal column today, making a number of points about the current economy, and reminding us that inflation has not been relegated to irrelevancy. He doesn't extensively call out Old Media's gloomy economic coverage, but I don't doubt for a minute that he considers it a major negative factor (bolds are mine): It is hard to imagine any time in history when such rampant pessimism about the economy has existed with so little evidence of serious trouble.
US STOCKS-Futures point to flat open, Yahoo eyed
NEW YORK, Feb 11 (Reuters) -U.S. stock index futures were little changed on Monday as concerns about the health of the global economy nagged, while technology shares could be in focus with Yahoo Inc expected to reject a takeover bid from Microsoft Corp. Yahoo (YHOO.O: Quote, Profile, Research) was set to reject Microsoft's (MSFT.O: Quote, Profile, Research) unsolicited bid, now worth $42 billion, as too low, a source familiar with the situation said on Saturday in the first clear signal that the board might be prepared to negotiate and sell the company. In European trading, shares of Yahoo (YHOO.F: Quote, Profile, Research) rose 3.2 percent. Finance leaders from the Group of Seven major economies said at the weekend that the crumbling U.S. housing market had hurt the world economy and that conditions may worsen as debt-laden banks clamp down on credit.
Reflation Contemplation
High interest rates in the US, and lower rates at home, meant that the dollars invested by Beijing in the US earned the central bank more than it was paying out in local currency bills. But the monetary policy cycles have now abruptly reversed. Rates are falling in the US but rising in China, where the government is tightening credit to fight inflation and cool some sectors of the economy. As a result, China's central bank will be paying about 250 bps more on the bills it issues at home than it gets on US Treasuries... Simple mathematics suggests that Beijing is losing billions of dollars as a result, an amount amplified if the impact of China's appreciating currency is taken into account." January 31 - Bloomberg (Gavin Finch): "The Swiss franc rose to a record high against the dollar as widening financial sector losses and a decline in stocks prompted investors to sell higher-yielding assets...
Fed predictions help send oil briefly over $101
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Concern for young carers
Carly is great fun to be with, says Sophie, but when she is in one of her moods she slams doors, throws things out of the window and breaks her toys. Sophie also helps her mum out around the house. She cooks for the family - her favourite recipes are paella and lasagne. She says her mum is "very pleased to have me because if I was any different she wouldn't be able to cope". .
Your Comments : FIRCA to fix tax loopholes
Investors come here because there are investment opportunities and the opportunity to make a profit once all the taxes are paid.If Mr. Chaudhry is going to re-write the tax laws to minimise the returns investors get off their investment, they'll all just pack up and leave. Mr. Chaudhry and his Socialist tax policies are going to be responsible for a lot of grief. 31 days and 6 hrs agoSuggest removalPermalink Presi of Fiji says… Alot more people will likely loose their Jobs as Companies adapt to new policies set by Mahendra Chaudary and his Baini as if the Coup wasn't enough..... 31 days and 5 hrs agoSuggest removalPermalink Kai Loma of Suva says… It is about time that these so called investors are made to answer for their dealings.
Jeff Thelen's Blog
So, I go to a movie Saturday night. I have some friends in Waupaca and we always meet in Stevens Point, since that's half way between us. We don't get to see each other as often as we'd like, so we do a lot of catching up. We also like to pretend we're the cast of Mystery Science Theater 3000 and make fun of what we see on screen, if it's bad. And we're pop culture geeks so we talk about the actors, directors, special effects, etc. On top of that, my cell phone went off. I told the caller I'd call her back. But all of this happened BEFORE the movie, during the trailers, or previews of the upcoming films. Once the movie started we all hushed up, except for the occasional gasp. (we saw Sweeney Todd, which is really quite gross) Still, a man sitting directly in front of me turned around at the end of the last trailer and said, "OK, let's keep the comments to ourselves now that the movie is starting." I said "Yea, we planned on it once the movie started." After hearing the exchange, the group behind us (all adults) actually made several comments about the movie during the movie.
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