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Dec 10, 2009

Is S&P 500 Getting Ready to Skyrocket or Collapse? By Adam Hewison

There’s no doubt about it, for the past four weeks the S&P 500 index has
been trapped in a trading range.
In my new video I show you a key level to watch this week. If this level
is broken, it will be a game changer for this index.
As always our videos are free to view and there is no registration

Enjoy the video and let us know what you think on our blog.
All the best,
Adam Hewison
Co-creator, MarketClub

The Economist: Business this week


Business this week
Dec 10th 2009
From The Economist print edition

Greece’s credit rating was downgraded to BBB+, with a negative outlook, by Fitch, the first time in a decade that the country has received a rating below A. The downgrade caused stockmarkets to fall amid fears of a potential wider fiscal crisis in the euro area. Investors were further perturbed when Moody’s cut its ratings for state-owned companies in Dubai, underlining the extent of the Gulf emirate’s debt woes. Worries were also raised about ballooning deficits in America and Britain, where governments have been urged to take action to get spending under control. See article
In his pre-budget report, Alistair Darling laid out plans to increase tax on middle-income earners and cap pay rises for public-sector workers in order to tackle Britain’s budget deficit, which is expected to reach £178 billion ($289 billion) this year. See article

The chancellor also imposed an immediate 50% tax (to last until April) on bank bonuses over £25,000 ($41,000). The tax will be paid by banks rather than individuals and covers employees of foreign banks working in Britain as well as British banks. City workers were not pleased; bank bosses warned of a brain drain. See article
Revised figures showed that Japan’s economy grew by 1.3% on an annualised basis between July and September, a much slower pace than the 4.8% estimated last month. Companies had not invested as much in new assets as had been previously thought. Meanwhile, the Japanese government agreed on the details of another round of stimulus spending of about ¥7.2 trillion ($82 billion).
Ireland’s finance minister unveiled huge public-sector pay cuts in a budget, which aims to reduce the government deficit from 11.7% of GDP this year to 2.9% in 2014. See article
Iceland’s economy continued to fare poorly, shrinking by 5.7% in the third quarter compared with the preceding three months.

Barack Obama said that opting either to reduce America’s deficit or invest in job creation was a “false choice”. The American president unveiled fresh proposals—a new stimulus package, some said—to boost employment. These include a tax incentive for companies that take on new workers, an idea that had been rejected because it could provide employers with a perverse incentive to sack staff and then re-employ them.

The Treasury Department extended the Troubled Asset Relief Programme until October 2010; it was due to expire this year. TARP was set up to bail out banks, but its remit has gradually widened, with Mr Obama now wanting it to provide loans to small businesses. A report from a congressional panel that monitors TARP said an effective assessment of the programme was hampered by the Treasury’s “failure to articulate clear goals or to provide specific measures of success”. Tim Geithner, the treasury secretary, told Congress that banks were returning the money they had obtained under the scheme.
New strategic alliances among carmakers highlighted the growing importance of the Asian market. Germany’s Volkswagen agreed to pay $2.5 billion for a 19.9% stake in Japan’s Suzuki, and General Motors announced a joint venture with SAIC, its Chinese partner, to produce small cars in India. Talks are continuing between PSA Peugeot Citroën and Mitsubishi, which could see the French carmaker take a stake of up to 50% in its Japanese counterpart. See article
It emerged that Rusal’s initial public offering in Hong Kong would be delayed until next year. The Russian aluminium company, which is controlled by Oleg Deripaska, was hoping to debut on Hong Kong’s stock exchange this month, becoming the first Russian company to list there. Despite Rusal’s recent debt-restructuring agreement with foreign creditors, stockmarket officials want more information about the loans the firm has attained from Russian banks.
The boss of TNT, a Dutch logistics company, said pressure from investors for it to split its well-performing express-delivery business from its mail division was “disruptive”. Two activist funds recently bought a 5% stake.

United Airlines placed its first order in 11 years for new jets: 25 Boeing 787 Dreamliners and 25 Airbus A350s. It is the first time United has bought wide-body long-range aircraft from the European group. The Dreamliner’s much-delayed maiden test-flight is due to take place by the end of the year.
Andy Harrison resigned as chief executive of easyJet, a pioneering low-cost airline in Europe, amid a boardroom battle over the company’s future strategy with Stelios Haji-Ioannou, its founder and biggest shareholder.

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mininginteractive:Tasman Metals LTD

‘The Tasman Metals Rare Earth Story'


Start of Drilling Immanent
Mark Saxon, Tasman Metals President & CEO stated:
“We look forward to commencing Tasman's first drilling program in the coming week on the Company's 100% owned Norra Kärr REE project. The project has never been drill tested, and the new information will provide the basis for future resource and metallurgical studies. The excellent infrastructure at site allows simple two wheel driving access all year round.”
Dear Friends:

Not much else to say other then:
Stay Tuned - - - for Chapter VI in the Tasman Metals Rare Earth Story!!!


Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Acronyms used:
REE rare earth elements, lanthanum to lutetium by atomic weight plus yttrium
LREE light rare earth elements, lanthanum to samarium by atomic weight
HREE heavy rare earth elements, europium to lutetium plus yttrium
TREO rare earth elements, calculated as oxides, including lanthanum to
            lutetium plus yttrium
HREO heavy rare earth elements, as per HREE above, calculated as oxides
LREO light rare earth elements, as per LREE above, calculated as oxides

Strategic Metals, Including Rare Earth Elements and their common usage:

MiningInteractive Videos

Stay tuned for the most recent updates on Tasman Metals and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058
Tom Corcoran
(604) 569-0800


Le Web: Social networking tool Stribe takes top honors in startup competition

Le Web: Social networking tool Stribe takes top honors in startup competition:
Stribe, a tool that helps build a social network around sites, won the top prize at the Le Web start-up competition in Paris today.
The French startup is trying to tackle the difficult problem of building social communities around content on a page, and outside of a social network. It’s a line of code that you add to your site, which creates an overlay that users can log into. They can see the most active users visiting the page and the most popular links people are sharing.
Stribe originally debuted at the TechCrunch50 conference in September where the team was criticized for not including a Facebook Connect integration so users could automatically log-in with their Facebook IDs. Stribe came back and launched that feature and is now a pretty slick tool that rests in a sidebar alongside any site.
So now, Facebook users can leave comments and chat with each other alongside a site. It’s like Google Sidewiki, but it isn’t part of a browser toolbar. Publishers choose whether to include it or not. If they do, it appears in all of their users’ browsers.  Kamel Zeroual, the co-founder and CEO of Stribe, said about 4,000 different web sites have asked them to install the service, which is still in beta.
The plan is to pursue a freemium model. It will be free to everyone, but if a publisher wants to brand it or give a special skin, they’ll need to pay extra.