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Dec 19, 2012

FGC BOLSA -FGC FINANCIAL MARKETS and MarketClub have teamed up with a special promotion for the holidays approach (December 19,2012)

 Dear Friends

We have teamed up with our friends at MarketClub to extend our best wishes to you as the holidays approach and help you prepare for the upcoming trading season.

While this time of year can be hectic, we believe MarketClub can help give you and your trading the peace of mind you’ve been looking for. MarketClub offers everyday traders just like you, powerful, easy-to-use online trading tools that can help give you confidence and a fresh start for the upcoming trading year. For a limited time, they are offering our readers a special Holiday Discount!

You’ll be able to use their Smart Scan tool to filter potential big trades, organize your watch lists with their intuitive Portfolio Manager, and use their amazingly simple, yet effective, entry and exit signals – the “Trade Triangles”.

The even more amazing part is, on top of the discounted price, MarketClub is allowing you to try all of their tools for 30 days, for only $8.95! You will have unlimited access to all of the tools above and MUCH more for 30 days. You can back-test their signals, scan for trades and potentially make enough to pay for the full subscription!

When you decide to stay after the 30 days, you’ll be renewed at the special holiday rate of $399 for a year! This reduced rate saves you nearly 45% over the course of a year compared to a monthly plan, giving you more money to put towards 2013!
We think it’s the best gift of all, confidence in your own trading.

If you have any questions about the MarketClub service or are ready to take advantage of this holiday rate, click here or call Melissa at 1-800-538-7424 x 106 and tell her I sent you!

The special membership offer is only a call or click away, so get your trading off to a great start in 2013 using this special holiday offer!

Happy holidays and all our best,

            Fernando Guzmán Cavero

DealBook P.M. Edition (December 19, 2012).: 2 Former UBS Traders Exposed in Rate-Rigging Case

Wednesday, December 19, 2012
2 Former UBS Traders Exposed in Rate-Rigging Case As the Justice Department announced its case against UBS, prosecutors also took aim at two former UBS trader at the center of the rate-rigging scheme, the first criminal action against individuals tied to the broad investigation.
UBS Pays $1.5 Billion Over Rate Rigging The Swiss banking giant announced a record settlement with global authorities, including $1.5 billion in fines, for its role in a plan to manipulate interest rates. Two former traders were also charged with criminal conspiracy.
UBS E-Mails Show How Traders Manipulated the System Colorful e-mails released by regulators show the close relationship between UBS traders and employees at other banks and brokers involved in the setting of the yen-denominated Libor.
    Ally Repays Last of Debt Borrowed Under FDIC Guarantee Ally Financial, the former GMAC, said Wednesday that it had repaid $4.5 billion in debt that was guaranteed by the FDIC after the 2008 financial crisis.
    Morgan Stanley Reaches Out After Sandy Hook Massacre Morgan Stanley, where three employees lost family members in the Sandy Hook Elementary School shooting, has donated $150,000 to charities honoring the victims. In addition, about 1,400 employees have made pledges, contributing just over $1 million in total.
    $3.13 Billion Specialty Insurance Deal The Markel Corporation, a specialty insurer, on Wednesday said it had agreed to acquire a rival, Alterra Capital, for $3.13 billion.
    S.E.C. Moves Against Day-Trading Broker The Securities and Exchange Commission has revoked the license of a Canadian brokerage firm over failing to prevent overseas day traders that used its system from manipulating stocks in the United states.
    Knight Capital and Getco to Merge The $1.4 billion deal will give Getco, the privately held high-speed trading firm, a public listing in a new holding company.
    A General Motors plant in Hamtramck, Mich.
    U.S. to Sell Stake in G.M. in 15 Months as Bailout Winds Down The Treasury Department said on Wednesday that it plans to sell off its entire stake in General Motors.
    Buzz Tracker
    Kodak to Sell Patents for $525 Million Eastman Kodak on Wednesday announced that it had sold its sizable patent portfolio to a consortium led by Intellectual Ventures and the RPX Corporation. Company officials have considered the sale a crucial step toward rebuilding, Andrew Martin reports in The New York Times.
    Economic Reports Data to be released on Thursday includes weekly jobless claims, final third-quarter G.D.P., existing home sales for November, the Philadelphia Fed index, and leading economic indicators for November.
    In the United States On Thursday, the Insurance Institute for Highway Safety will release its 2013 list of the safest vehicles.
    Overseas On Thursday, the Bank of Japan will issue a decision on interest rates.
    Quotation of the Day
    "Putting the captain caos [sic] outfit on as we speak"
    A UBS trader in e-mails that discussed manipulating interest rates.


NYT Afternoon Update (December 19, 2012).: Obama to Give Congress Plan on Gun Control Within Weeks

The New York Times
December 19, 2012

Afternoon Update


Obama to Give Congress Plan on Gun Control Within Weeks

President Obama said he would submit broad new proposals no later than January and would commit his office to overcoming political opposition in the wake of the school shootings in Newtown, Conn.

House Democrats Call on Boehner to Take Up Gun-Control Issue

House Democrats called on House Speaker John A. Boehner to bring a ban on high-capacity ammunition magazines to a vote by Saturday as a first step in a broader effort to reign in guns next year.

3 State Department Resignations After Libya Attack Report

The resignations on Wednesday came less than a day after a report blamed management failures for a lack of adequate security at the American mission.

U.S. to Sell Stake in G.M. in 15 Months as Bailout Winds Down

The Treasury Department said on Wednesday that it plans to sell off its entire stake in General Motors.

BBC Abuse Scandal Report Finds 'Chaos' but No Cover-Up

An inquiry concluded on Wednesday that confusion and mismanagement lay at the heart of the decision to cancel a broadcast that would have exposed years of sex abuse by Jimmy Savile.

Video: Outcry Over Instagram Policy

TimesCast Media+Tech: New terms of service at Instagram result in online reaction. | Viral video Nyan Cat inspires a pop-up shop. | David Pogue reviews two Android cameras in 60 seconds.

The Conversation

The Newtown Aftermath

Brooks and Collins on the prospects for better gun control and better mental health care in the wake of the Sandy Hook massacre.

F.T.C. Broadens Rules for Online Privacy of Children

Under the revision, companies must obtain parental consent before collecting details that could be used to identify, contact or locate a child, including photos, videos and audio recordings.

UBS Pays $1.5 Billion Over Rate Rigging

The Swiss banking giant announced a record settlement with global authorities, including $1.5 billion in fines, for its role in a plan to manipulate interest rates. Two former traders were also charged with criminal conspiracy.

Knight Capital and Getco to Merge

The $1.4 billion deal will give Getco, the privately held high-speed trading firm, a public listing in a new holding company.

Kodak to Sell Patents for $525 Million

The company had once valued its portfolio of 1,100 digital imaging patents at $2.6 billion.

A Massacre Reverberates in TV and Movie Studios Where Violence Is Bread and Butter

The recent killings are reverberating in film and TV programming and promotional decisions.

MarketWatch | Wall Street at Close Report (December 19, 2012).: U.S. stocks retreat as cliff tensions rise House Speaker John Boehner: House will pass plan B Thursday.

By Kate Gibson, MarketWatch 

NEW YORK (MarketWatch)U.S. stocks on Wednesday fell sharply after a two-session rally as negotiations to avoid deep spending cuts and tax hikes seemed to hit an especially rocky spot. 

President Barack Obama told a news conference that Republicans find it “very hard” to say yes to him, while a spokesman for House Speaker John Boehner, the top Republican in Congress, called the White House “irrational.”

But Tim Leach, chief investment officer at U.S. Bank Wealth Management, said such heated back-and-forth is to be expected. “The tension is going to rise, and we’re probably going to experience some of those uncomfortable silences from both parties. That is going to raise anxiety in the marketplace,” said Leach. 

Reuters Enlarge Image
House Speaker John Boehner and President Barack Obama. 
Retreating from a two-month high, the Dow Jones Industrial Average DJIA -0.74%  fell 98.99 points, or 0.7%, to 13,251.97. 

The S&P 500 Index SPX -0.76%  shed 10.98 points, or 0.8%, to 1,435.81, with telecommunications hardest hit among its 10 industry sectors. 

General Motors Co. GM +6.63%  jumped 6.6% after the auto maker said it would buy 200 million shares of its stock from the U.S. Treasury, part of the government’s plan to sell all of its stake in the firm.

Oracle Corp. ORCL +3.68%  climbed 3.7% a day after the software company reported profit and sales that surpassed Wall Street’s expectations. Read: Oracle on hiring spree, sees ‘budget flush’ 

The Nasdaq Composite Index COMP -0.33%  shed 10.17 points, or 0.3%, to 3,044.36.
Decliners outran advancers on the New York Stock Exchange, where nearly 751 million shares traded. Composite volume exceeded 3.8 billion. 

The price of oil rose for a fourth session, with crude futures CLF3 +1.67%  up $1.58, or 1.8%, to settle at $89.51 a barrel on the New York Mercantile Exchange.

Dan Pfeiffer, the White House communications director, said President Obama would veto a tax and spending plan offered by Speaker Boehner. See: What’s in Boehner’s ‘Plan B’ — and what’s not.
“The proposal from the Ohio Republican would give millionaires a tax break of $50,000, while eliminating tax cuts that 25 million students and families struggling to make ends meet depend on,” Pfeiffer said in a statement.

Equities furthered their fall after Boehner said the House would vote Thursday on his plan B, which would hike tax rates on income over $1 million, instead of the $400,000 threshold proposed in Obama’s latest offer. 

“Everything is vulnerable in the face of the fiscal cliff. With all aspects of the economy, any momentum we see today would be gone tomorrow if we go over the cliff,” said Elizabeth Ptacek, senior credit real-estate analyst at KeyBank. 

Ahead of the market open, the government reported construction on new homes fell 3% while building permits climbed 3.6% in November.

“Most were expecting a slight decline, and this was more than we expected. But I don’t think it changes the story, reflected in the permit data, that bodes well for construction in coming months,” Ptacek said. 

Kate Gibson is a reporter for MarketWatch, based in New York. Follow her on Twitter @MWKateGibson.

BIV | Today's Business News (December 19, 2012).: Unions condemn TransLink’s decision to purchase new SeaBus from Holland


Unions condemn TransLink’s decision to purchase new SeaBus from Holland

TransLink has announced a new replacement SeaBus is to be built by a company in the Netherlands, and local unions are ... READ MORE

Mining and Energy


HD mining won't replace all of its Chinese workers until 2026

HD Mining, the Vancouver-based miner that in early October sparked controversy and legal actions with its plan to bring in up to 2,000 Chinese miners for its proposed $300 million coal mine, won't ... READ MORE

Economy and Finance


Vancouver more expensive than Manhattan: study

For the second year in a row, Vancouver has the dubious honour of being ranked as the most expensive city in North America in terms of ... READ MORE

More News...


B.C. infrastructure giant makes acquisition

Coast Capital to lease new Surrey headquarters

Technology gifts most popular among B.C. adults

NYT | Opinion Today (December 19, 2012).: The Opinion Pages | The Conscience of a Liberal: That Old Sick Feeling e

The New York Times

December 19, 2012

Opinion Today

Dietary Seat Belts

Dietary Seat Belts

Preventing chronic diseases is not a matter of technology or of miracles, but of policy.
At Year's End, News of a Global Health Success
Opinionator | Fixes

At Year's End, News of a Global Health Success

The stunning drop in global child mortality is proof that poor countries are not doomed to eternal misery. Here's how it happened.
The Newtown Aftermath
The Conversation

The Newtown Aftermath

Brooks and Collins on the prospects for better gun control and better mental health care in the wake of the Sandy Hook massacre.
Op-Ed Contributor

The Puzzle of Black Republicans

Representative Tim Scott will become a South Carolina senator, but modern black Republicans have been more tokens than signs of progress.

Op-Ed Contributor

The Emperor of All Identities

Google's aim isn't only to sell ads, it's to collect personal data: yours.
Op-Ed Contributor

Obama's Weakness on Treaties

Rejection of an accord on disabilities wasn't just Republicans' fault.
Prison Could Be Productive
Room for Debate

Prison Could Be Productive

How can incarceration change so that people are improved by the experience, rather than harmed and hardened?
Why Gun 'Control' Is Not Enough
Opinionator | The Stone

Why Gun 'Control' Is Not Enough

A close look at the pro-gun stance leads to the conclusion that the United States should ban private gun ownership entirely, or almost entirely.
Haggling Over Hagel

Haggling Over Hagel

Chuck Hagel is the wrong man to be U.S. secretary of defense -- at least from Israel's perspective.

The Yawning Loophole in the Gun Laws

To strengthen the country's porous gun laws, Congress must subject all buyers to background checks.

President Obama Offers a Deal

The president has offered to give away a lot, both politically and substantively, but it should be his last offer because Speaker John Boehner keeps saying no.

Why We Need Sandy Relief Now

If Congress doesn't move swiftly to provide a full package of funds to help the Northeast region recover, the nation's overall fiscal condition will suffer.

The Opinion Pages

Read the full opinion report, including editorials, columns, op-eds and Opinionator. Go to the Section »
Is the Second Amendment Absolute?
Taking Note

Is the Second Amendment Absolute?

Even rights granted by the Constitution are not totally exempt from limitations.
That Old Sick Feeling
The Conscience of a Liberal

That Old Sick Feeling

Is Obama back to negotiating with himself?
The Will to Compromise

The Will to Compromise

The surprising plausibility of a fiscal cliff deal.
Exploring a Proposed Carbon Diet for American Power Plants
Dot Earth Blog

Exploring a Proposed Carbon Diet for American Power Plants

A proposal for getting the carbon out of American power plants affordably and under existing laws.

The Economist | Politics this week: Highlights of 2012 news coverage (December 19, 2012).

The EconomistPolitics this week

» The year saw opposition to the Assad regime in Syria escalate into full civil war. In the worst atrocity of the conflict so far, around 400 people were massacred in the opposition town of Daraya. The fighting reached Damascus, the capital, and the rebels gained control over large parts of the country. Turkey, which is sheltering thousands of refugees, occasionally exchanged artillery fire with Syria. The death toll this year is at least 30,000.
» Egypt, the font of the Arab spring, was plagued by further sporadic violence, including at a football match in February at which 74 people died in riots. Muhammad Morsi won a presidential election to become the first elected Islamist head of state in the Arab world. He proposed a new constitution that critics say is excessively Islamist and endangers minorities.
» The post-revolution National Transitional Council in Libya handed power over to an elected congress, though factional fighting continued. On September 11th the American ambassador was killed in an attack on the US consulate in Benghazi by armed militants.
» An air strike by Israel that killed the head of Hamas's military wing helped spark a week-long war in which 140-plus Palestinians in Gaza and six Israelis died, before Egypt brokered a ceasefire. Two weeks later Khaled Meshal, an exiled leader of Hamas, paid his first visit to Gaza since his movement took over in 2007.
» Myanmar continued along its reform path, holding elections that returned Aung San Suu Kyi to parliament. She was allowed to travel abroad for the first time in 24 years; Barack Obama became the first American president to visit Burma. The Burmese spring was marred, however, by deadly ethnic rioting between local Buddhists and Rohingya Muslims in Rakhine state.

Always in the bleak midwinter
» South Korea affronted North Korea in the summer by suggesting the Hermit Kingdom would gradually reform and become more open under Kim Jong Un. Pyongyang retorted that this was "ridiculous" and "a foolish and silly dream".
» A lingering constitutional row in Pakistan came to a head when the Supreme Court sacked Yousaf Raza Gilani as prime minister for not following its order to reopen a corruption case against the president, Asif Ali Zardari.
» The ECB's move was designed with Spain and Italy in mind. Spain had already requested help to shore up its struggling banks. Mariano Rajoy's government also contended with a surging independence movement in Catalonia; an election in the autonomous region proved inconclusive.
» The run-up to June's election in Greece produced a few jitters when left-wing parties threatened to tear up the country's bail-out agreement if elected. Markets breathed a sigh of relief when the centre-right New Democracy formed a coalition government.
» After three weak and divided years in office, the ruling Democratic Party of Japan lost an election. The winners were the Liberal Democratic Party, which ruled for most of the half century up to 2009. Shinzo Abe returned to his old job as prime minister; his previous one-year term is widely considered a disaster.
» America was much unchanged after November's general election, despite a record $2 billion spent on the presidential race that saw Barack Obama re-elected. The Republicans kept control of the House of Representatives and the Democrats the Senate; for the first time white men will no longer form the majority of the Democrats in the House (they still account for around 85% of the Republicans).

I'll be home for Christmas
» Mitt Romney picked off his challengers in a bruising round of primaries to become the Republican challenger in the election. His campaign was full of mishaps but the political lexicon was enriched by "Etch-a-Sketch candidate", "binders full of women", "the 47%" and "retroactive retirement". The highlight of the party convention was Clint Eastwood holding an imaginary conversation with a stool.
» There was significant political change in France when voters dumped Nicolas Sarkozy in favour of the Socialists' François Hollande. It was the first time the left had won a presidential election since 1988. Mr Hollande soon had to face up to tough choices on spending cuts that he avoided in the campaign. His approval rating sank to 35% after seven months in office, a record low.
» In other big presidential elections, Vladimir Putin vaulted back into office in Russia for a (non-successive) third term; Enrique Peña Nieto was victorious in Mexico; and Ma Ying-jeou was re-elected in Taiwan. Serbians turfed out Boris Tadic in favour of Tomislav Nikolic. To no one's surprise Gurbanguly Berdymukhamedov won again in Turkmenistan. All the other candidates were from his autocratic party; he got 97% of the vote.
» Hugo Chávez was returned to office in Venezuela's presidential ballot, but less than two months later he revealed that his cancer had returned and he anointed his vice-president as his successor.

O Star of wonder
» Xi Jinping emerged as China's new leader from its inscrutable process of selecting the general secretary of the Communist Party. Mr Xi's mysterious two-week absence from public view two months before his selection was never explained.
» Earlier China's elite was rocked by the biggest political scandal in decades when Bo Xilai was removed from the Politburo because of events stemming from the death of a British businessman. Mr Bo's wife was found guilty of murder at a speedy trial. The world was also enthralled by Chen Guangcheng's escape from house arrest. The blind civil-rights lawyer's arrival at the American embassy in Beijing caused a diplomatic spat, but he was eventually allowed to leave for the United States.
» A territorial dispute over the ownership of some rocky islands in the East China Sea produced a wave of anti-Japanese sentiment in China, and raised fears that sabre-rattling in the region could provoke a war. Business between the countries suffered.
» The once-hot BRIC economies cooled rapidly in 2012. India was criticised, notably by Barack Obama, for its perceived hostility to foreign investment. It proposed a budget laden with taxes aimed at overseas companies, but Parliament did pass a law that will allow foreign supermarkets to open shop.
» South Africans were shocked by scenes reminiscent of the apartheid era when police opened fire on striking miners at a platinum mine, killing 34 of them. The wave of unrest that followed the incident crippled the mining industry for several weeks.
» Britain's coalition government skidded in the polls, especially after it presented a budget that cut the top rate of income tax while increasing the tax burden on pensioners, which was soon dubbed a "granny tax". Those provisions stayed, but George Osborne, the chancellor, reversed some of his budget's other politically unpalatable measures, such as a "pasty tax". He kept his job in David Cameron's first cabinet reshuffle.

Joyful and triumphant
» Britain had its wettest summer in 100 years (which is saying something). Amid the gloom celebrations for the queen's Diamond Jubilee produced some sparkle for austerity-weary Brits, though it rained on the day and Prince Philip got a bladder infection. The queen was given a cameo (in a James Bond spoof) at the spectacular opening ceremony of the London Olympics, which were hailed as a great success. America's Michael Phelps added more medals to his haul and became the most decorated Olympian ever.
» Coalition casualties in Afghanistan were the lowest since 2008, though there was a rise of "green-on-blue" attacks by Taliban sympathisers in the Afghan forces against ISAF troops. In March an American soldier was charged with 16 counts of murder, including of nine children, after allegedly going on a shooting rampage in two villages.
» The International Criminal Court handed down its first-ever verdict and sentenced Thomas Lubanga, a Congolese warlord, to 14 years in prison. At a special court in The Hague Charles Taylor, a former president of Liberia, was sentenced to 50 years, the first African head of state to be convicted for war crimes.
» The top three internet search trends worldwide in 2012 on Google were "Whitney Houston", "Gangnam style" and "Hurricane Sandy". Other contenders included "Pussy Riot", "Trayvon Martin shooting", "The Hunger Games", "Skyfall" and "Kate Middleton pictures released".