Translate

Search This Blog

Search Tool




Apr 27, 2010

NFA: NFA permanently bars Chicago forex firm AVS Carter Financial, Inc. and sanctions its principal. April 27th 2010



For Immediate Release
For More Information Contact:
Larry Dyekman (312) 781-1372 begin_of_the_skype_highlighting              (312) 781-1372      end_of_the_skype_highlighting, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335 begin_of_the_skype_highlighting              (312) 781-1335      end_of_the_skype_highlighting, kwuertz@nfa.futures.org


NFA permanently bars Chicago forex firm AVS Carter Financial, Inc. and sanctions its principal
April 27, Chicago - National Futures Association (NFA) has permanently barred AVS Carter Financial, Inc. (AVS Carter Financial) from NFA membership. AVS Carter Financial is a Commodity Trading Advisor located in Chicago, Illinois. Shahzad Akram, the firm's sole principal, is also barred from NFA membership for a period of two years. Akram must pay a fine of $5,000 if he reapplies for NFA membership after the expiration of the two-year bar. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in August 2009 and a settlement offer submitted by AVS Carter Financial and Akram.
The Panel found that AVS Carter Financial used a misleading website as well as misleading customer account documents and account statements. As alleged in the Complaint, all of the U.S. customers with whom NFA spoke expressed confusion regarding the non-regulated "AVS Carter" entity they were doing business with as well as which entities were actually regulated. Only AVS Carter Financial was regulated by the Commodity Futures Trading Commission and NFA. The Panel also found that Akram failed to supervise AVS Carter Financial's promotional material and website.
Along with the permanent bar, AVS Carter Financial must also deactivate, if it has not done so already, all of its websites that promote the firm and websites over which the firm has control.
The complete text of the Complaint, respondents' Answer and Decision can be found on NFA's website (www.nfa.futures.org).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.

FOX BUSINESS: The Federal Open Market Committee Meeting: Focus on Words, Not Action. April 27th, 2010

FOMC Meeting: Focus on Words, Not Actio


When the Federal Open Market Committee issues its statement Wednesday to conclude the two-day meeting which began at 2 p.m. Tuesday, the focus again will be on words not actions.
The target fed funds rate was pegged at 0-0.25% in December 2008 and has stayed at that level for 16 months, longer than the 15-month stretch from July 2006 through September 2007 when the rate was stuck at 5.25%.

In the last several meetings, analysts have looked closely to determine whether the monetary policymakers would drop language that economic conditions “are likely to warrant exceptionally low levels of the federal funds rate for an extended period.”

Since the conclusion is a logician’s “if-then” clause, it might be more appropriate to focus on the “if,” that is the FOMC assessment of the economy.
That assessment will come in two parts: a paragraph within the closing statement, delivered Wednesday, and the economic forecasts developed by each of the FOMC members.
The FOMC statement has been slowly turning positive and Wednesday’s prose will likely continue that trend.
In its last two statements, the FOMC dropped references to the housing market. Following the December 2009 meeting, the committee said, “The housing sector has shown some signs of improvement over recent months” in its overview of the economy.

That line – and all reference to housing – was dropped from the statement which followed the two-day meeting in January and remained out of the statement following the March meeting although the Committee said “housing starts have been flat at a depressed level.”

After this week’s session – and in the wake of strong reports on both existing and new home sales – the committee could return to its upbeat assessment of the housing market. That could color its view of the economy overall and affect the timetable – real or imagined – of its plans to act on interest rates.
Part of the interpretation will depend on how much of the improvement in housing – which has extended to housing permits and starts in recent months – the FOMC attributes to the home-buyer tax credit and whether it believes the uptick in housing will be lasting.
The Ben Bernanke-led FOMC, as the Alan Greenspan-led FOMC did before it, contributed through interest rates. Greenspan’s Fed held rates down as the Bernanke Fed did but the current Fed took it one step further by plunging headlong into the Mortgage Backed Securities market.
The results may not have been the same.
During the Greenspan credit easing, as the target Fed Funds rate dropped from 6.50% to 1.00% from January 2001 to June 2003, the nation’s homeownership rate grew from 67.5% to 68.0% and continued to climb to a peak of 69.2% by the end of 2004. In the Census Bureau’s most recent report, for the first quarter of this year, the homeownership rate is down to 67.1%, the lowest levels first quarter 2000.
As Greenspan brought the Fed Funds rate down, the average rate for a fixed rate loan (tracked by Freddie Mac) went from just over 7% to about 5.25%. Demand for mortgage for home purchase jumped. The Mortgage Bankers Association purchase mortgage index went from about 285 to 425.

Indeed, though the Federal Reserve’s MBS purchase program has helped rates go down and stay down; home purchase activity has not followed. The average rate for a 30-year fixed rate loan was as high as 5.59% last June. By December it was 4.71% and most recently 5.07%. According to the MBA, demand for purchase mortgages (measured by the four-week moving average of the purchase mortgage index) moved from 265 last June to as high as 288 by late October and most recently is down to 236.
It’s not wonder the FOMC has not pointed to housing as a measure of its own success.
There are, though, some positive movements – in addition to home sales in economic data for the FOMC to chew on:
  • Payrolls in March showed a solid 162,000 increase (including 48,000 government jobs).
  • The Institute of Supply Management’s manufacturing and non-manufacturing indexes for March both improved over February, the last data points before the March FOMC meeting.
  • The National Association of Home Builders Housing Market Index was stronger in April than it had been in March
  • New orders for non-defense capital goods – a measure of business confidence – were stronger in March than in February.
  • Initial claims for unemployment insurance, after some stutter steps at the end of March, are lower than they had been ahead of the March FOMC meeting, a suggestion of a strengthening labor market.
Indeed, what the FOMC may have to be concerned about is deflation as prices for wholesale and retail goods – absent weather effects on food – have been essentially flat, reacting to weaker consumer demand and a general resistance to price increases. This in turn squeezes profit margins and slows hiring.
That the FOMC is not likely to act on the target Fed Funds rate is a near unanimous conclusion among economists who are now only about whether the Committee will abandon the “extended period” language.
Before the FOMC can make any serious editorial changes though, it has to get past three constraints:
  • low rates of resource utilization
  • weak inflation trends tending to deflation and
  • a stable long term outlook for inflation.
The numerical forecasts from the Fed governors are unlikely to significantly change those constraints.
That the FOMC has put no timetable on plans for changing rates was evident from the minutes of the last meeting which said a change in policy was “contingent on the evolution of the economy rather than on the passage of any fixed amount of calendar time.”
Mark Lieberman is the senior economist for the Fox Business Network. Prior to joining FOX, he served as first vice president and manager of economic analysis and research at Washington Mutual in New York. Before that, he served as senior vice president at Dime Savings Bank of New York (which was later acquired by Washington Mutual), where he specialized in credit and risk management. He is a member of the Executive Committee of the New York Association for Business Economics. He has a degree in Economics from the Wharton School of the University of Pennsylvania.
Follow Mark on Twitter at foxeconomics: http://twitter.com/foxeconomics

RTTNews: Evening Market Wrap. April 27th, 2010

Evening Market Wrap Tue Apr 27 17:03 2010 

Commentary

Apr 27, 2010 Stocks Close Sharply Lower On European Debt Concerns - U.S. Commentary Stocks fell by significant margins on Tuesday, as concerns regarding overseas financial stability rocked the markets after Standard and Poor's cut its credit rating on Portugal and Greece. The major averages all closed in negative territory, pulling back well off their recent highs. Full Article

Economic News

Apr 27, 2010 Consumer Confidence Rises To Highest Level Since September 2008In a positive sign for the economic outlook, the Conference Board released a report on Tuesday showing that its consumer confidence index increased by much more than expected in the month of April, rising to its highest level in well over a year. The Conference Board said its consumer confidence index rose to 57.9 in April from a revised 52.3 in March. Full Article
Apr 27, 2010 S&P Slashes Greece's Debt Ratings To Junk, Cuts Portugal's Ratings In a sign of continued concerns about the Greek debt crisis, Standard and Poor's said Tuesday that it is lowering its ratings on Greece's debt to junk status, slashing its ratings to BB+ from BBB-. S&P that the downgrade to junk results from its updated assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to put the public debt burden onto a sustained downward trajectory. Full Article

Corporate News

Apr 27, 2010 Ford Posts $2.09 Bln Profit In Q1Automaker Ford Motor Co. (F) on Tuesday reported a profit for the first quarter compared to a loss in the year-ago period, reflecting strong sales amid a recovery in the global economy and higher profits at its finance arm. Looking ahead to fiscal year 2010, the company raised its outlook, saying it now expects to deliver "solid profits" in the year with positive automotive operating-related cash flow. Full Article
Apr 27, 2010 DuPont Q1 Profit More Than Doubles; Lifts FY10 EPS ViewScience and technology company EI DuPont de Nemours & Co. (DD) on Tuesday posted significantly higher profit for the first quarter, helped by higher sales volume, selling prices, currency benefits and lower raw material costs. The quarterly results came in above the Street view. In addition, the company raised its earnings forecast for fiscal 2010, above consensus. Full Article
Apr 27, 2010 Office Depot Posts Lower-Than-Expected Q1 Profit; Shares FallShares of Office Depot Inc. (ODP) fell over 13% in Tuesday morning trade after the office products supplier reported a lower-than-expected profit for the first quarter. However, the turnaround from a loss in the prior-year quarter reflected solid performance from its International business and the absence of prior year's restructuring related charges. Full Article
Apr 27, 2010 3M Q1 Profit Surges On Strong Sales; Raises FY10 EPS OutlookDiversified technology company 3M Co. (MMM) Tuesday reported over 79% increase in profit for the first quarter, as each of the company's six business segments posted double-digit sales growth and higher operating income margins. Adjusted earnings and sales easily topped Wall Street expectations. Further, the company raised its full-year earnings forecast. Full Article
Apr 27, 2010 Avery Dennison Turns To Q1 Profit, Beats EstimateTuesday, Avery Dennison Corp. (AVY) reported a swing to profit for the first quarter of 2010 from a loss last on higher revenues, as well as the absence of goodwill, indefinite-lived intangible asset impairment and restructuring charges recorded in the year-ago quarter. Full Article
Apr 27, 2010 FPL Group Q1 Profit Rises; Backs FY10 Adj. Earnings ViewElectricity producer FPL Group, Inc.(FPL) Tuesday said its profit for the first quarter rose from last year, helped mainly by lower expenses and higher power utilization at Florida due to unreasonably cold weather. On an adjusted basis, earnings came in above Street estimates. Full Article
Apr 27, 2010 Fortune Brands Sees Higher Q1 Profit; Raises Low End Of FY10 Adj. EPS ViewFortune Brands, Inc. (FO), a maker of distilled spirits, home and security, and golf products, Tuesday said it expects first-quarter 2010 results to be substantially higher than the year-ago quarter. The company also lifted the bottom end of its adjusted earnings per share outlook range for fiscal year 2010. Full Article
Apr 27, 2010 Valero Energy Slips To Loss In Q1; Sees Profit In Q2Oil refiner and marketer Valero Energy Corp. (VLO) on Tuesday reported a net loss for the first quarter compared to a profit in the year-ago period, hurt by heavy maintenance at its key refineries and lower margins. Looking ahead, the company said it expects to be profitable in the second quarter as its refineries resume production and reflecting favorable sour crude discounts and good margins. Full Article
Apr 27, 2010 Cummins Q1 Profit Soars On Key International Markets Strength; Lifts FY10 Sales OutlookEngine and power generation equipment maker Cummins Inc. (CMI) Tuesday reported a surge in profit for the first quarter, helped mainly by higher demand for its trucks, construction, mining and distributed power generation equipments in China, India and Brazil. Further, the company lifted its sales guidance for fiscal year 2010. Full Article
Apr 27, 2010 Automatic Data Processing Q3 Profit FallsAutomatic Data Processing, Inc. (ADP) on Tuesday reported a decrease in third quarter profit, but beat Street view by a penny, as number of employees on the clients' payrolls continued to decline. However, the company recorded a 3% growth in quarterly revenues. Looking ahead, Automatic Data Processing also updated its earnings and revenue guidance for fiscal 2010. Full Article
Apr 27, 2010 Stanley Black & Decker Posts Q1 Loss On Merger Related ChargesTools and engineered security solutions provider Stanley Black & Decker (SWK) Tuesday reported a loss for the first quarter, driven primarily by one-time charges associated with the merger with Black & Decker Corporation. On an adjusted basis, earnings came in above Wall Street consensus. Revenues for the period grew 38% due mainly to the inclusion of Black & Decker's results. Full Article
Apr 27, 2010 HCP Q1 FFO Climbs, Adj. FFO Misses Estimates; Lifts FY10 ViewTuesday, HCP, Inc. (HCP), a real estate investment trust of health-care properties, reported an increase in funds from operations, or FFO, for the first quarter, helped by higher rental revenues and interest income, as well as impairment recoveries. Adjusted FFO, however, was flat with the previous year and came in below Street view. Full Article
Apr 27, 2010 Estee Lauder Q3 Profit More Than Doubles; Revises FY10 ViewBeauty and personal care products maker Estee Lauder Companies Inc. (EL) Tuesday reported a more than two fold rise in its third-quarter profit, reflecting strong sales across product categories and geographic regions. Adjusted earnings were up year-over-year and came in above analysts' forecast by a penny. Full Article
Apr 27, 2010 IBM Boosts Cash Dividend By 18%; Extends Stock BuybackTechnology giant International Business Machines Corp.'s (IBM) board on Tuesday boosted its quarterly dividend payment by 18%, and expanded its stock repurchase program with $8 billion in additional funds. The company's board of directors declared a regular quarterly cash dividend of $0.65 per common share, up 10 cents from the prior dividend of $0.55 per common share. Full Article
Apr 27, 2010 Western Union Q1 Profit Declines; Hikmet Ersek Named CEOMoney transfer and bill payment services provider Western Union Co. (WU) reported Tuesday a 7% year-over-year decline in profit for the first quarter as the revenue growth was more than offset by a drop in margins. Earnings per share for the quarter declined 6%, but came in line with analysts' expectations. Full Article
Apr 27, 2010 UPS Q1 Profit Rises On Higher Sales, Margin ExpansionUnited Parcel Service, Inc. (UPS), the world's largest package delivery company, reported Tuesday a higher first-quarter profit, reflecting mainly revenue growth and margin expansion in all of its three segments. The Atlanta, Georgia-based company noted that the quarterly results exceeded its expectations and set a strong foundation for the rest of 2010. Full Article
Apr 27, 2010 Daimler Posts Q1 Profit; Sees Higher Revenue, Unit Sales In FY10German automaker Daimler AG (DAI) reported Tuesday a profit for the first quarter, compared to prior year's loss, reflecting mainly strong growth in unit sales and revenues across most of its divisions. Further, the company said it projects higher revenues and unit sales in the year 2010. Full Article

Forex Top Story

Apr 27, 2010 Dollar Jumps After Greece, Portugal Downgrades The dollar rallied versus most majors on Tuesday, boosted by its safe haven appeal after Standard & Poor's downgraded Greece's debt to junk. Renewing fears that Greece's problems may spread to its vulnerable neighbors, the ratings agency also downgraded Portugal's debt. Full Article

Political News

Apr 27, 2010 Obama Calls Together Budget Deficit Reduction Commission President Barack Obama Tuesday convened the first meeting of a bipartisan commission aimed at coming up with solutions for the nation's rising budget deficit and debt. Speaking in the Rose Garden flanked by Alan Simpson, the Republican co-chairman of the commission, and Erskine Bowles, the Democratic co-chairman, Obama laid much of the blame for the nation's debt and deficits on policies enacted before he had taken office. Full Article
Apr 27, 2010 U.S. Wants Sanctions Resolution Against Iran Passed Rapidly The United States wants to have a sanctions resolution against Iran passed by the U.N. Security Council by the end of the month, as the Obama Administration intensified its effort to get the Security Council slap fresh sanctions against the Islamic Republic. Full Article
Apr 27, 2010 Reid Takes Aim At GOP For Blocking Debate On Financial ReformSenate Majority Leader Harry Reid, D-Nev., said Tuesday that the Republicans are "blocking open debate" on holding Wall Street accountable with their recent vote to block debate on financial regulatory reform. "The American people undeniably demand that we protect them from a Wall Street run wild," Reid said. Full Article
Apr 27, 2010 Kohl Unveils Extension Of Antitrust Criminal Penalties Enforcement And Reform ActSenator Herb Kohl, D-Wis., unveiled a bill to permanently extend the Antitrust Criminal Penalties Enforcement and Reform Act (ACPERA) of 2004 Monday. The extension is intended to encourage participation in the Justice Department's Antitrust Division's leniency program. Full Article
Apr 27, 2010 McConnell Says Financial Reform Legislation Not "Ready For Primetime"Senate Minority Leader Mitch McConnell, R-Ken., spoke on the floor of the Senate Tuesday, saying that the financial regulatory reform bill that Senate Democrats tried to bring up for debate Monday evening isn't ready for such a debate. "Last night, the Democrat Majority forced a vote on a bill that wasn't ready for primetime," McConnell said. Full Article

The Washington Post: The Dow Jones industrial average lost 213.04 points.By Dina ElBoghdady. April 27th, 2010

The Washington Post



Washington Post Staff Writer
Tuesday, April 27, 2010; 5:19 PM 



Stocks tumbled Tuesday in a global sell-off after Standard & Poor's downgraded the credit ratings of Greece and Portugal.

The Dow Jones industrial average lost 213.04 points, or 1.9 percent, to close at 10,991.99, while the broader Standard & Poor's 500-stock index fell 28.34, or 2.3 percent, 1183.71. The tech-heavy Nasdaq dropped 51.48, or 2 percent, to 2471.47.
Overseas markets also took heavy losses Tuesday, with London's FTSE and the Dax in Germany both down more than 2 percent.
S&P lowered Greece's debt to junk status and knocked down Portugal's rating by two steps.
In the event of a restructuring or default, S&P estimates that investors would recover 30 to 50 percent of their money. It also said it believes the government's policy options are narrowing because of Greece's weakening economic growth prospects.
"The downgrade results from our updated assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to put the public debt burden onto a sustained downward trajectory," said S&P credit analyst Marko Mrsnik said in a statement.
The downgrade caused yields on bonds issued by the two countries to soar in trading Tuesday afternoon.
The financial troubles of Greece, specifically the possibility of a downgrade of its debt, have spooked the broader markets for months. The fear is that if Greece defaults on its debt, other debt-ridden European countries will follow suit, and the contagion would destabilize the euro and the global economy at large.
Last week, Greek authorities requested aid from the Eurozone and the International Monetary Fund. The three-year, $60 billion rescue package is expected to take a few weeks to hash out.

The Wall Street Journal: Dow Industrial end Below 11,000. April 27th, 2010

The Wall Street Journal

Dow Industrials
End Below 11000

A downgrade of Greece's credit rating to "junk" status sent stocks to their worst one-day loss in more than two months. The Dow Jones Industrial Average snapped a six-session winning streak.

NYT: Afternoon Business Update, April 27th, 2010


 Afternoon BUSINESS Update

U.S. Judge Rejects Guidant Deal on Defibrillators

By BARRY MEIER
The Justice Department was faulted for its $296 million deal with the device maker.

Stocks Tumble After Greek Debt Is Downgraded

By JACK HEALY
U.S. and European markets were unnerved as the S.&P. downgrade raised concerns of a worsening debt crisis in Europe.

$2.1 Billion Profit for Ford in Quarter

By NICK BUNKLEY
The company reported its fourth consecutive quarterly profit, in large part a result of new products.

Apple Buys a Chip Maker Believed Behind the iPad Brain

By ASHLEE VANCE and BRAD STONE
The company, Intrinsity, is known for making fast chips for mobile devices.

In Shanghai, Bootleg Goods Are Moved to Secret Rooms

By DAVID BARBOZA
With Shanghai preparing for the World Expo, stores have moved bootleg DVDs and CDs to back rooms as China hides a trade that is usually out in the open.

The Wall Street Journal: : Senator Blasts Goldman During Hearing


Senator Carl levine in this short video not only called  Goldman Sachs a Shitty Deal , as  of course it  was, but makes Goldman's Executive  answer with a   trembling voice to  his direct inquiry.From these pages I applaud the energy and determination to defend the swindled by the deliberate and illegal method carried out by Goldman Sachs. against their clients.Senator Levine, not only protects citizens from the United States but to all who have been scammed by this neo-liberalism that has nothing to do with the capitalist system conceptualized from , Adam Smith, David Ricardo, Malthus  and in last century Friedrich Hayek.. 

My personal gratitude to you Senator Levine..
   Fernando Guzmán Cavero



Taken From The NewYor Times :During the Goldman Sachs hearings in Washington D.C. Senator Carl Levine gives an earful to the firm for marketing what it knew to be a bad deals.


MarketWatch: Personal Finance Daily. April 27th, 2010

MarketWatch
Personal Finance Daily
APRIL 27, 2010

Tuesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

One of the hardest things to come to grips with in difficult economic times is how to allocate scarce savings dollars, assuming you even have any dollars left over to save after all the monthly bills are paid. It's an especially thorny problem for families juggling retirement and college savings with rainy-day and home down-payment set asides.

And in this particular downtown you can add in another wrinkle -- school funds for midcareer adults. Because job losses have been so severe, and long-term unemployment the norm for so many, the pressure is on a lot of parents to put themselves through some sort of schooling again in order to give themselves an edge in today's job market.

While financial-planning experts generally agree it is best to focus on you first -- whether education or retirement -- it is often a guilt-laden experience for parents to put their needs ahead of their kids' -- especially when considering raiding the college fund that many may have started building at the time of the birth of their first child.

The saving grace: The kids have far more options, and a far longer time horizon, than their parents in these matters and may even benefit from having to fend a little more for themselves when it comes to paying for their education.

-- Steve Kerch, assistant managing editor

FAMILY FINANCE

Who gets dibs on the college fund, you or your kids?

As jobs remain scarce, parents may want to go back to school to bolster their résumé or try a new career. Many parents also want to save for their kids' education. The question is: Which investment makes more sense for families looking to spend each dollar as well as possible during these tough times?
See Diary of a Recession Baby.


Top money lessons for the early stages of life

There's a school of thought, made popular by Whitney Houston, that children are our future, that if you teach them well they'll lead the way -- fiscally that is.
See Kids & Money.


Saving up for baby

Having a baby changes everything, including your finances. And for parents-to-be in their 20s, the financial strain can be even more of a challenge.
See Family Finance.


ENTERTAINMENT & LEISURE

Shaken, not stirred

What's your favorite martini flavor? A new survey says the classic martini is getting some a-peel-ing competition. Join John Wordock and Ann Cates for money news you need to know.
 Listen to Radio Report.


INVESTING

Six investing rules for a worst-case scenario

You need a whole new strategy. Are you ready? OK. First, let's assume you really are tired of the pain of fighting Wall Street. You are? Good. Then you've had an epiphany ... an awakening ... you've had one of those rare ah-ha! moments ... what Zen masters call enlightenment ... you finally see the light ... the futility of denying reality ... and as you see into this new reality, you surrender the fight, you accept these six secret wisdoms underlying your new investment strategy.
See Paul B. Farrell.


An investment portfolio for the truly paranoid

Only the paranoid survive, as Andy Grove once said. Today it seems like a lot of people are taking the advice to heart.
See Brett Arends.


The pitfalls of focusing on income

With interest rates at rock-bottom levels, retirees are leaving no stone unturned in a search for income-producing investments. But older adults should guard against becoming fixated on building a portfolio that kicks off a big stream of income, whether through interest on bonds or stock dividends.
See Investing.


CAREERS

Volunteering pays off in many ways

Americans are spending more time donating their time. And as Charlie Turner explains, volunteering benefits both the recipient and the giver.
 Listen to Radio Report.


REAL ESTATE

Home prices show year-over-year gain: S&P

Home prices fell 0.9% in February compared with January in 20 major U.S. cities, the fifth straight decline, according to the Case-Shiller home price index released Tuesday by Standard & Poor's. However, prices were up 0.6% in the past year, the first time since December 2006 that prices were higher than the year before. A year ago, prices were plunging at a 24% annual rate.
See Economic Report.


HEALTH

Using tape for muscle pain

Kinesthesiology is growing as a non-drug means to treat muscle inflammation using strips of colored tape. D.C.-based sports chiropractor Holly Moriarty demonstrates how to tape a patient.
 Watch Video Report.


The trapeze workout

A unique workout combines circus arts such as the trapeze with calisthenics for a strong core and upper arms.
 Watch Video Report.


The sun and your health

Skin types at the fair end of the spectrum are more susceptible to the burning rays of the sun -- and to a higher risk for cancers and premature aging of the skin. But a little sun exposure also releases endorphins and gives us needed vitamin D. Melinda Beck and Laura Landro debate how good or bad the sun is for you on the News Hub.
 Watch Video Report.


TECHNOLOGY

The skinny on touch technology

Imagine if you could dial a cell phone on a keypad displayed on your hand? It could happen sooner than you think. Simon Constable talks with Carnegie Mellon graduate student Chris Harrison, who is working to develop the technology with Microsoft.
 Watch Video Report.


Are netbooks losing their sizzle?

Pricier, more powerful notebook computers are sucking some of the steam from netbooks, the low-priced darlings that helped fuel sales for the PC industry in the past two years. Stacey Delo discusses the trend with Justin Scheck and Eric Savitz.
 Watch Video Report.

NYT: Breaking News Alert: Greek Debt Downgraded to Junk Status by Standard & Poor's. April 27th, 2010


Breaking News Alert
The New York Times
Tue, April 27, 2010 -- 12:00 PM ET
-----

Greek Debt Downgraded to Junk Status by Standard & Poor's

Greece's debt has been downgraded to noninvestment status by
Standard & Poor's amid mounting fears that the debt crisis in
Europe is spiraling out of control.

In a statement Tuesday, the agency said that it was lowering
its rating on Greece's debt three full notches, to BB+ from
BBB -- the first level of speculative, or junk, status.

The outlook is negative, meaning the agency could downgrade
the rating again.

Read More:
http://www.nytimes.com/2010/04/28/business/global/28rating.html?emc=na

The Wall Street Journal: Media and Marketing. April 27th, 2010

The Wall Street Journal: Economics News. April 27th, 2010




  • Home Prices Rise on Year

    U.S. home prices in February rose from a year earlier for the first time in more than three years, according to S&P Case Shiller. Consumer confidence rose in April.

Real Time Economics