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Jan 6, 2010

The Economist Bill Gerge on leading in a crisis

CNBS : Hot Premiers - Originals tech. Week Includes

CNBC Originals Tech Week Includes Hot Premieres
This week, go inside the hottest businesses in tech, with more than 20 hours of revealing programming, including 2 highly anticipated CNBC Originals premieres. See the story behind the AOL Time Warner merger, once proclaimed the deal of the century, now considered the worst in history. Then, meet the new breed of entrepreneurs cashing in on the Apps business. CNBC Originals Tech Week. Go Inside.

» Tonight: Watch the premiere Marriage From Hell

» Slideshow: TOP 10 Best (and Worst) Mergers of All    Time

How much do you know about Macintosh?
» Take the Quiz

Forbes . com : E-Commerce Newsletter, January 06,2010

Google Conquers Time
Quentin Hardy
Real-time search, translation, location--everywhere?

Murdoch 1, Google 0
Oliver J. Chiang
The Internet giant released new tools that give news publishers more control over the search engine. Digg Bets Big On A New API
Taylor Buley
The social media company aims to make developing for its platform easier.
The Pirate Bay's Heir Apparent
Andy Greenberg
As the world's biggest file-sharing sites clean up or shut down, all eyes are on Isohunt.
King of Pop Tops Search Engines
Oliver J. Chiang
Michael Jackson was the most-searched phrase in 2009.

News Financial & Forex Info: CFTC Release 5770-10

Release: 5770-10
For Release: January 6, 2010

CFTC Seeks Public Comment on Revised Petition From the Chicago Mercantile Exchange Involving Credit Default Swaps

Washington, DC – The Commodity Futures Trading Commission is requesting public comment on a revised petition submitted by the Chicago Mercantile Exchange (CME) in connection with credit default swaps (CDS) cleared by CME.
Specifically, CME is requesting that the Commission issue an order under Section 4d of the Commodity Exchange Act that would permit CME and futures commission merchants clearing through CME to commingle customer funds used to margin, secure, or guarantee CDS cleared by CME with other funds held in the segregated account.
The Commission posted CME’s original petition for a 30-day comment period on August 14, 2009, and received four comment letters. On December 21, 2009, CME submitted a revised petition that includes changes to its CDS clearing plans.
Comments regarding the revised exemption request should be submitted on or before February 19, 2010.
Comments may be submitted via email to All comments received will be posted on the Commission’s website.

MarketWatch: Personal Finance Daily

Personal Finance Daily
JANUARY 06, 2010

Wednesday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

January is the big time of the year for gyms and fitness centers, and that's no surprise given how overstuffed most of us come out of the holidays. But in the rush to keep our resolve to improve our physical health, many of us harm our fiscal well-being by rushing into contracts or memberships that cost us more than they should.

Health clubs can be pricey, especially when you are new and have to pay an initiation or entrance fee to start. That sets folks back nearly $800 for a year at the average exercise emporium.

But there are ways to cut those costs, and it starts with you doing a little legwork on your own by asking for guest or try-out passes to any facilities that look like they might be for you. You'll not only get a free workout or a greatly reduced rate for a month or so, but also you'll be far less likely to make a bad selection when you do settle on a winner -- which can really be expensive if you give up your routine before your year is out (as many do).

What we ought to focus on, though, is not the cost of that gym membership but the benefits to our bodies, which will pay off down the line in lower health-care outlays. Think of it as a return on investment.

-- Steve Kerch, assistant managing editor/Personal Finance


Six ways to cut the cost of a gym membership

Keeping a New Year's resolution to get in shape is no easy feat. The first hurdle often is finding a gym membership that's fiscally fit.
See Consumer Watch.

Calling an end to overpriced cell-phone service

Mobile phones may be almost indispensable to modern life, but they are costly, too -- far more than most people realize. These little gadgets pick your pocket while they sit in it, filching many thousands of dollars from you over the years.
See Brett Arends.


The top and bottom on jobs

The rankings are out when it comes to the best and worst jobs. Also, Dr Pepper is bringing back Gene Simmons and Kiss as it buys its first Super Bowl commercial.
 Listen to Radio Report.

Quarterly planned job cuts fall to 9-year low

Planned job reductions fell in the fourth quarter to the lowest level in more than nine years, according to a tally kept by outplacement firm Challenger Gray & Christmas.
See Economic Report.


How underwear may support the economy

A market analyst tells how to keep from losing your skivvies in 2010. Andrew O'Day has the chilly details.
 Listen to Radio Report.

Fairholme's Berkowitz is Morningstar's manger of the year

Amid the havoc that stock mutual funds suffered in the past two years, some have emerged as winners. In the eyes of investment-research firm Morningstar Inc., Fairholme Fund tops them all.
See Fund Watch.

Markets appear to have become more worried about inflation

Now for an update from the war between inflation and deflation: Inflation is gaining the upper hand.
See Mark Hulbert.

Peering into a 'conventional' crystal ball

With a new decade at hand, it's time to close the books on 1999-2009, which will enter history books as the worst ever for stocks by some measures. It's such a departure from historic norms that I feel pretty comfortable with my first prediction for 2010: The new decade will be better for stock investors.
See Smart Money.

Are foreign stocks the way to go in 2010?

Jonathan Auerbach, managing director of Auerbach Grayson, discusses the performance of foreign stocks in 2009 and their outlook for 2010. He talks with Kelsey Hubbard about which overseas funds are a good bet for investors.
 Are Foreign Stocks the Way to Go in 2010?


The road ahead for drivers

The U.S. auto industry has closed the books on one of its worst years since the Great Depression. Now what?
See Eyes on the Road.


Profiting from a mortgage crisis

Mortgage-technology specialist Lender Processing Services has a booming foreclosure-processing business, and it has other services that should help it in better times.
 Watch Video Report.

Mortgage-application volumes fall over holidays, data show

Applications filed for mortgages dropped during the week of Christmas compared with the week before, and then remained nearly flat the week of the New Year's holiday, the Mortgage Bankers Association reported Wednesday.
See Economic Report.

Get the latest news on our mobile site:


Trend TV  is a great instrument that gives you access to educational seminars streaming live just for traders. This on the house preview includes the following titles:

- Basic Indicators to Analyze Markets
- Using Predicted High and Predicted Low to Trade Intraday
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I recommend you tune in to watch these 4 seminars today. Remember, they’re on me!

Enjoy, while I keep looking around for more good values for you, the trader.

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Trader's Blog

January 06, 20010
In 20010, it is important for all traders newbies and experience traders to follow Trader's Blog an important instrument that will keep you updated with the recent news and analysis on stocks, bonds, ETFs, Options, and much....much more ....

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January 6, 2010
A Note to Bernanke: Sorry Ben, More Bureaucracy Isn't the Answer

By Martin Hutchinson, Contributing Editor, Money Morning

U.S. Federal Reserve Chairman Ben Bernanke's latest thesis is that the home mortgage bubble had little to do with record low interest rates, and was actually much more a problem of regulation.

It sounds plausible - until you give it some real thought. After all, I believe that humanity has already tried a system with tight, vigorously enforced regulations, and no price mechanism.

It was called the Soviet Union.

Let me explain...

Hutchinson on...
- Don't Be Fooled by the Housing Market's False Bottom
- What the Government Isn't Telling You About the New Healthcare Bill

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Would You Like to Be My Partner?

By Porter Stansberry, Guest Columnist, Money Morning

I'd like to make you a business offer. Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment.

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in - as long as it's legal. But I can't give you any capital - you have to come up with that on your own. And I won't give you any labor - that's definitely up to you. What I will do, however, is demand that you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business.

That's my role: to tell you what to do.


Investment News Briefs

Money Morning Staff Reports

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.

Kraft Raises Cash Bid for Cadbury; Google Phone Sales Begin; Automakers See Strong U.S. Sales Gains; Whitney Slashes Goldman Forecast; Gulf Infrastructure Gets a Boost; Construction Collapse; IT Obstacle

  • Kraft Foods Inc. (NYSE: KFT) has agreed to sell its DiGiorno and Tombstone pizza brands to Nestle SA (OTC ADR: NSRGY) for $3.7 billion, using all the net proceeds from the sale to boost the cash portion of its offer for Cadbury PLC (NYSE ADR: CBY) . In related news, Warren Buffet's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) voted against Kraft's offer to issue up to 370 million shares for the Cadbury acquisition, saying it would change its vote if the transaction doesn't "destroy value for Kraft shareholders." Berkshire's stake of more than 9% in Kraft makes it the food maker's largest shareholder. Nestle, meanwhile, formally took its name out of the running of any possible bidders for Cadbury in a terse statement.

  • As expected, Google Inc. (Nasdaq: GOOG) formally unveiled its self-branded smartphone, dubbed Nexus One. Manufactured by Taiwan's HTC Corp., the phone went on sale yesterday (Monday), with two versions: a $529 so-called "unlocked" phone gives users a choice of which wireless provider they want to use, and a $179 version that is subsidized by T-Mobile USA Inc. for consumers who sign a two-year contract. Verizon Communications Inc. (NYSE: VZ) and Europe's Vodafone Group PLC (Nasdaq ADR: VOD) will also offer the Nexus One this spring, Google said. The phone uses the latest version of Google's Android operating system, already available on multiple phones made by other manufacturers.

  • Ford Motor Co. (NYSE: F) , Toyota Motor Co. (NYSE ADR: TM), Honda Motor Co. (NYSE ADR: HMC) and Nissan Motor Co. Ltd. (OTC ADR: NSANY) all showed year-over-year December sales gains in the United States, showing further signs of stabilization in the auto industry. Ford was the big winner of the month, showing a 33% gain, with Toyota close behind at 32%. Honda and Nissan posted 24% and 18% gains, respectively. "Ford is suddenly becoming an acceptable buy for people who it wasn't before," IHS Global Insight Inc. analyst John Wolkonowicz told Bloomberg News . "Ford is a cool purchase now, which it didn't used to be. And that is huge." Meanwhile, General Motors Corp. (NYSE: GRM) posted a 7% gain in U.S. sales, and Chrysler Group LLC saw its December sales fall 4%.

  • Meredith Whitney, an analyst who runs an advisory group that bears her name , cut her earnings estimates for Goldman Sachs Group Inc. (NYSE: GS) for the second time in less than a month, again without explanation. She now expects Goldman to earn $5.50 per share for the fourth quarter, down from a previous estimate of $6. Whitney also expects Goldman's earnings per share (EPS) to be less for the full and subsequent two years. Shares of Goldman Sachs jumped $3.06, or 1.77%, to close at $176.14.

  • The six countries that make up the Gulf Cooperation Council (GCC) are expected to spend over $119 billion on infrastructure improvements in the next 10 years, according to an analysis by Kuwait Financial Centre 'Markaz' , a leading asset management and investment banking institution in the Arabian Gulf Region. The estimate is based on announced projects in Saudi Arabia, United Arab Emirates, Bahrain, Qatar, and Kuwait. About $109 billion will be spent on constructing new railways, including $60 billion on the Pan GCC railway. About $10.6 billion will be spent on building new roads. The council is projecting a population boom from an influx of expatriates and a strong 3% growth rate in its indigenous population will increase demand for transportation infrastructure through 2020.

  • A liquidity squeeze is dampening construction in the United Arab Emirates as the debt crisis in Dubai spreads caution throughout the rest of the gulf region. "Banks have started lending but they remain very cautious, granting loans with significant restrictions. While they were lending up to 95% of the value of the project earlier it has now been reduced to 65% or less," Rizwan Saajan, an official with building supplier Danube told Emirates Business, a Middle East business journal. Cement production by members of UAE Cement Producers Association (CPA) dropped by 34% in November 2009 compared to January 2009, said a senior official from the association. Industry officials told Emirates Business that it would take another 18 to 24 months for the situation to improve in the UAE. The situation is exacerbated by an increase in cement production capacity in Saudi Arabia, which is leading to fierce competition and lower pri ces.

  • New accounting rules required by the Emergency Economic Stabilization Act of 2008 could prove costly for many financial firms that have delayed upgrading their information technology systems, according to Boston-based financial systems consultant Jane M. Stabile. The rules requiring firms to apply the adjusted-cost basis of securities may seem relatively straightforward, but the deceptively complex nature of the process will pose challenges that exceed functionalities of many existing systems, said Stabile, principal of IMP Consulting. Implementing the changes "could take three to six months of planning and testing. To date we have not seen very much attention to this at the executive level within the financial services industry," she stated. She also cited a survey of financial services professionals that found fewer than 20% of the firms had allocated funds for making upgrades.

Forbes . com : Daily Opinions Wednesday 06, 2006

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