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May 18, 2010




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Forbes Asia: Latest Stories.- Business to Eye Iran Sanctions Deal Closely. May 18th,2010

Latest Stories

Business to Eye Iran Sanctions Deal Closely

Business to Eye Iran Sanctions Deal Closely
World powers reach agreement to slap Iran with new sanctions. Meanwhile, the U.S. Congress works on Plan B.
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End Of The Free Market

End Of The Free Market
Ian Bremmer on how the U.S. needs China more than ever.
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Helping India Re-Organize

Helping India Re-Organize
Rakesh Mohan says over half of India will be urbanized in the next five decades.
Read More Read More

Method In North Korea's Madness

Method In North Korea's Madness
"Meltdown" author sees more trouble ahead.
Read More Read More

The Most Valuable Sports Team Brands

The Most Valuable Sports Team Brands
ManU gets knocked from the top of the global sports heap by a bunch of Yankees.
Read More Read More
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MarketWatch:: Personal Finance Daily. May 18th, 2010

Personal Finance Daily
MAY 18, 2010

Tuesday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

Is it time for a cash-only regime? Or should we teach our kids everything we can about the current financial system, including the use of credit, so they know how to protect their finances when they're out on their own?

Parents will have all kinds of answers to those questions. Read Ruth Mantell's story today for a look at what some financial experts have to say on the topic.

For my teenager, a debit card has proved very helpful in tracking spending, thanks to our bank's helpful monthly reports. But a credit card? Not likely. Not yet, at least. Still, we've talked extensively about credit -- mainly about the steep price of it.

But no matter your point of view on credit versus cash, failing to at least talk about credit cards -- or pretending they don't exist and won't tempt your child when he's off at college and then entering the work force -- is like playing with fire.

-- Andrea Coombes , Personal Finance editor

Should our kids carry credit cards?

There's never been a better time to teach your children how to manage money. As lawmakers debate how to reform the nation's banking system and news stories detail the travails of Americans who took on too much debt, parents can point to the current economy as a way to talk to kids about the risks of credit.
See story on should our kids carry credit cards?


Tips to keep your business safe from online criminals

A man walks into a bank with the intention to rob it. He slips a note to the teller who then turns to him and says, "You know you can do this online now." That punch line is how John Walp describes the cyber-threat epidemic.
See story on tips to keep your business safe from online criminals.


Commentary: Consequences of high volatility

That the market has experienced extraordinary volatility this month there can be no doubt.
See Mark Hulbert.

Commentary: Financial experts push the envelope on reform

As Securities & Exchange Commission Chairwoman Mary Schapiro talked Tuesday morning about "creating a system of high-quality, globally accepted accounting standards that benefit American investors and investors around the world," her audience was focused on better ways to skin the cat.
See MarketWatch First Take.

SEC to propose unified stock-halt system

In the wake of the stock market's recent one-day plunge, top regulators and stock-exchange officials are expected to propose the creation of a circuit-breaker system for all exchanges to halt or slow down trades during a massive market swing, according to people familiar with the measure.
See story on SEC to propose unified stock-halt system.

Commentary: 12 ways to cash in on the collapse of 'Eaarth'

Imagine a secret society, code name "Avatar 2154," based on the date of the "War of 2154" between the "Sec-Ops" armies from "Eaarth," funded by the "Resources Development Corporation," against the "Na'vi" indigenous tribes on the Pandora moon.
See Paul B. Farrell.

Managers pulled out of equities on growth shock: survey

Fund managers pulled out of equities and revised down their outlook for global growth in May, according to Bank of America Merrill Lynch's monthly fund managers' survey.
See story on managers pulled out of equities.


Commentary: Gas prices rise but don't always fall

The price of crude oil has fallen almost $18 to $70 a barrel -- the lowest level since last July -- yet gasoline prices have remained stubbornly high.
See Irwin Kellner.

BP ignored siphon-pipe suggestion weeks ago

An offshore-oil consultant suggested that BP PLC use a mile-long pipe to minimize damage from its big leak in the Gulf of Mexico weeks before the company reported some success with the technique.
See story on BP ignored siphon-pipe suggestion weeks ago.

Incumbents put to the test in Tuesday primaries

Voters went to the polls Tuesday in a handful of hotly contested primary races that will help gauge the depth of Americans' anger at Washington veterans, with the political careers of two of President Barack Obama's Senate allies on the line.
See story on incumbents put to the test in Tuesday primaries.

Measure banning bailouts to states is rejected

A measure that would prohibit taxpayer funds from being used to bailout state or local governments that are at risk of defaulting was rejected by the Senate on Tuesday.
See story on measure banning bailouts to states is rejected.

Housing starts up 5.8% but permits plunge 11.5%

U.S. housing starts increased for the second straight month in April, the government estimated Tuesday, but building permits fell sharply, casting doubts on the momentum of the housing recovery as a federal subsidy to stimulate buyers expires.
See Economic Report.

Senate takes steps toward wrapping up bank bill this week

Democratic leaders took a major step pressing ahead with a bill to overhaul the U.S. banking system late Monday, setting the stage for a vote on final Senate passage of the legislation for as soon as Thursday.
See story on Senate takes steps toward wrapping up bank bill this week.

Gulf oil spill to be the subject of commission

The oil spill in the Gulf of Mexico will be the subject of a presidential commission similar to panels created to probe the space shuttle Challenger disaster and the nuclear accident at Three Mile Island, according to a report Monday.
See story on gulf oil spill to be the subject of commission.

MarketWatch: Industry Financial Services Top News

Senate rejects ban of naked credit default swaps By Ronald D. Orol MarketWatch
5/18/2010 9:18:00 PM

Senators reject an amendment to a sweeping bank reform bill that would have prohibited so-called naked credit default swaps. See full story
Geithner to push China on procurement rules

By Greg Robb MarketWatch
5/18/2010 7:14:00 PM

The Treasury secretary puts Chinese procurement rules as the top concern for U.S. policy makers in upcoming bilateral talks next week. See full story

Swiss banks' mantra of 'Go East' carries risks

By Agnese Smith MarketWatch
5/18/2010 7:01:00 PM

When it comes to private banking in Switzerland, which is under intense pressure to scrap its secrecy laws, the new mantra is: "Go East." But this enthusiasm toward emerging markets may set the Swiss on a new collision course with the international community. See full story

THE GATA DISPATCH: Rand Paul wins Republican Senate nomination in Kentucky. mMay 18th, 2010

Rand Paul wins Republican Senate nomination in Kentucky

By David Espo
Associated Press
via Yahoo News
Tuesday, May 18, 2010
WASHINGTON -- Political novice Rand Paul rode support from tea party activists to victory in Kentucky's Republican Senate primary Tuesday night, delivering a jolt to the GOP establishment and providing fresh evidence of widespread voter discontent in a turbulent midterm election season.
Paul had 59 percent of the vote -- with returns counted from 29 percent of the precincts -- to 37 percent for Secretary of State Trey Grayson, who had been recruited to run by the state's dominant Republican, U.S. Senate Minority Leader Mitch McConnell. ...
In Kentucky, Grayson had the support of McConnell as well as other establishment figures. But Paul countered with endorsements -- and the political energy that flowed along with them -- from tea party activists, former Alaska Gov. Sarah Palin, and Sen. Jim DeMint of South Carolina, a conservative eager to push his party rightward in advance of the broader fall campaign.
Eager to avoid long-term fallout from a bruising primary, GOP leaders set a unity breakfast for Saturday.
The Kentucky Senate seat is one of 10 or more that appear likely to remain competitive until Election Day, and one that Republicans can ill afford to lose if they are to make a serious run at challenging the Democratic majority. The seat is now held by Sen. Jim Bunning, but McConnell was so concerned about Bunning's ability to win a new term that he muscled the two-term lawmaker to the sidelines and recruited Grayson to run.
Paul, the son of Rep. Ron Paul, R-Texas, a former GOP presidential contender, entered the race with other ideas.

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Forbes: Final Glance: Finance Companies. May 18th, 2010

Associated Press

Final Glance: Finance companies

Associated Press, 05.18.10, 05:47 PM EDT

NEW YORK -- Shares of some top finance companies were down at the close of trading:
Bank of America ( BAC - news - people ) fell $.40 or 2.4 percent, to $15.95.

Citigroup ( C - news - people ) fell $.13 or 3.4 percent, to $3.73.
JPMorgan Chase ( JPM - news - people ) fell $.82 or 2.1 percent, to $39.02.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



stock traders Oct 2009 04 276
Euro Eats Away at StocksThe Dow dropped 115 points amid four-year lows for Europe’s besieged currency and a regulation-fueled wave of selling in the credit-card sector.

SEC Proposes Stock-Halt System

Regulators aim to introduce a system that would halt or slow down trades of a particular stock if its price moves 10% or more in a five-minute period.

H-P Beats the Street, Raises View

Hewlett-Packard reported strong second-quarter results driven higher by improved sales of PCs.

Not Your Grandfather’s FM Radio

WATCH FBN’s tech expert John Quain with the latest in mobile entertainment.

BBC: Business Update.- Euro plummets to new dollar low May 18th, 2010

Euro and dollar notes

The eurozone's single currency plummets against the US dollar, falling below $1.22 for the first time since April 2006.

Germany to ban some short selling
Germany's market regulator is poised to ban some forms of short-selling at 10 important financial institutions.

EU ministers back hedge fund curb
EU finance ministers reach broad agreement on the need to impose tighter regulations on hedge funds and private equity firms.

How much will it cost and is it profitable?
Thai woman waits for business at a stall Thai protests

The downfall of one of China's richest men
Economic cost of anti-government protests in Thailand



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