text:
AUSTIN, Texas--(BUSINESS WIRE)-- Forestar Group Inc. (NYSE: FOR) will release its results for third quarter 2012 on November 7.
The company will host a conference call on November 7, 2012 at 2:00 p.m. ET to discuss results of third quarter 2012.
To access the conference call, listeners calling from North America should dial 1-800-901-5213 at least 15 minutes prior to the start of the call. Those wishing to access the call from outside North America should dial 1-617-786-2962. The passcode is Forestar. Replays of the call will be available for two weeks following the completion of the live call and can be accessed at 1-888-286-8010 in North America and at 1-617-801-6888 outside North America. The passcode for the replay is 71438673.
The conference call may also be accessed through Forestar Group's Internet site, www.forestargroup.com, by clicking on "Investor Relations – Investor Events".
About Forestar Group
Forestar Group Inc. operates in three business segments: real estate, mineral resources and fiber resources. At the end of second quarter 2012, the real estate segment owns directly or through ventures almost 145,000 acres of real estate located in eight states and twelve markets in the U.S. The real estate segment has 16 real estate projects representing approximately 27,600 acres currently in the entitlement process, and 72 entitled, developed and under development projects in seven states and eleven markets encompassing almost 15,600 acres, comprised of almost 24,000 planned residential lots and over 2,400 commercial acres. The mineral resources segment includes approximately 729,000 net acres of oil and gas mineral interests, with approximately 594,000 acres of fee ownership located principally in Texas, Louisiana, Alabama, and Georgia and over 135,000 net acres of leasehold interests principally located in Kansas, Oklahoma, Nebraska, and North Dakota. These leasehold interests include approximately 6,000 net mineral acres in the core of the prolific Bakken and Three Forks formations. In addition, the mineral resources segment owns a 45% nonparticipating royalty interest in groundwater produced or withdrawn for commercial purposes from approximately 1.4 million acres in Texas, Louisiana, Georgia and Alabama and about 17,800 acres of groundwater leases in central Texas. The fiber resources segment includes the sale of wood fiber and management of our recreational leases. Forestar's address on the World Wide Web is www.forestargroup.com.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are typically identified by words or phrases such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast," and other words and terms of similar meaning. These statements reflect management's current views with respect to future events and are subject to risk and uncertainties. We note that a variety of factors and uncertainties could cause our actual results to differ significantly from the results discussed in the forward-looking statements, including our ability to achieve the synergies and value creation contemplated by the merger with Credo, our ability to promptly and effectively integrate Credo's businesses, and the diversion of management time on merger-related matters. Other factors and uncertainties that might cause such differences include, but are not limited to: general economic, market, or business conditions; changes in commodity prices; the opportunities (or lack thereof) that may be presented to us and that we may pursue; fluctuations in costs and expenses including development costs; demand for new housing, including impacts from mortgage credit availability; lengthy and uncertain entitlement processes; cyclicality of our businesses; accuracy of accounting assumptions; competitive actions by other companies; changes in laws or regulations; and other factors, many of which are beyond our control. Except as required by law, we expressly disclaim any obligation to publicly revise any forward-looking statements contained in this news release to reflect the occurrence of events after the date of this news release.
Forestar Group Inc.
Anna E. Torma, 512-433-5312
Source: Forestar Group Inc.


text:
Date(s) - 28/01/2021
11:30 am - 8:30 pm
Oscars is located in the heart of McLaren Vale and prides itself on offering a relaxed dining experience while serving delicious and fresh food, accompanied with our local wines, beers and ciders.
?Oscars offers an extensive Mediterranean style menu that caters for each individual.
?Open 7 days, for lunch and dinner.?
Oscars Restaurant in McLaren Vale

subset: commoncrawl


text:
4chan rushes to WikiLeaks' defense, forces Swiss banking site offline: The forces of Anonymous have taken aim at several companies who are refusing to do business with WikiLeaks. 4chan's hordes have launched distributed denial-of-service attacks against PayPal, Swiss bank PostFinance, and other sites that have hindered the whistleblowing site's operations.
Did the FCC just bless a capped, two-tier Internet?: Wall Street analysts and ISPs see dollar signs in the FCC's newly announced support for "usage-based pricing" and its openness to "managed services." But Netflix and other Internet innovators are terrified of the coming tollbooths.
Google serves hot Gingerbread, unveils Android 2.3 and Nexus S: Google has launched Android 2.3 and announced the Nexus S, a new unlocked Android phone that it developed in collaboration with Samsung.
First look: Android 2.3 Gingerbread tour in screenshots: Ars gives you an early look at the Android 2.3 user interface in this screenshot tour.
Can we transport food like Internet data? Foodtubes says yes: Can we transport our food the way we transport water, energy, and even Internet data? The United Kingdom's Foodtubes project says we can, with big payoffs for the environment and global economy.
Google launches eBookstore with choice of sellers and devices: Google has officially thrown its hat into the e-book sales ring with the US launch of its eBookstore. Out of the gate, Google is offering 3 million titles and compatibility with most popular devices, except for Amazon's popular Kindle.
FBI alert over Barbie Video Girl causes child porn panic: The new Barbie Video Girl, with its built-in camera and LCD on the back, is apparently great for child pornographers. The FBI has issued an alert on the doll, which caused a furor in the media and among parents.
Season one of Walking Dead is over; where did it get us?: Season one's final episode of Walking Dead put an unsatisfying conclusion to a wildly uneven season of television. The zombies are scary, the cast is talented, but the writers don't seem to understand what to do with either. With source material this strong, that's inexcusable. Warning: spoilers inside.
Faking Pharaohs Gold: a sordid tale of real piracy: Two guys in Las Vegas and Latvia thought they were going to corner the market on bootlegged slot machines, but the Department of Justice was on to them all along. We look at a case where real IP pirates got some real justice. Why can't it always be this way?
WikiLeaks mirrors multiply as main funding source gets cut off: WikiLeaks may have 99 problems, but a mirror ain't one. Hundreds of new mirrors have popped up after the site put out a call for help, though a number of funding freezes could still throw a wrench into WikiLeaks' future plans.
Listing image by Flickr user kyz


text:
21 July, 2009 | (01 hr)
Sign In to access this Webcast
Economic recoveries have historically relied on the use of overtime, as companies look to rebuild their output without demolishing their bottom line. Mature workers have so far faced fewer layoffs than their younger colleagues, which means that more of the recovery will be on their shoulders. Given the steep recovery now needed, however, can employers count on the productivity of mature workers when they work overtime? Are they mentally and physically fit enough for the tasks at hand? This webcast will help participants to learn from The Conference Board's Mature Workforce Initiative how to assess, motivate, and monitor the productivity of their older workers.
This webcast will discuss:
- Recent published research on the impact of overtime on health, safety, and productivity
- The varying risks and rewards of older workers working overtime
- The realities that should underlie companies' overtime policies
Harris Allen, Ph.D.
Harris Allen, Ph.D., is principal of Harris Allen Group, LLC, an independent consulting firm in Brighton, Massachusetts, that promotes strategy development and performance improvement in the area of health and productivity. He is also a lecturer in the department of epidemiology and public health...Full Bio
Thomas J. Slavin
Christopher Woock
Christopher Woock is a former Researcher in the Human Capital Program and a former labor economist at The Conference Board. His research explores the links between human capital and business performance, including assessing the implications of labor market trends for talent management strategies;...Full Bio
Linda Barrington, Ph.D.
Linda Barrington, Ph.D. is Executive Director of the Institute for Compensation Studies in the ILR School at Cornell University.
Dr. Barrington has published academic articles in the Review of Economics and Statistics, the Journal of Economic History, and the Histori...Full Bio


text:
Hillard Rogers is 79-years-old and has been a survivor of prostate cancer...not just once...but twice! He was first diagnosed with prostate cancer at the age of 69 following a routine physical in which his doctor did a PSA. "My doctor called me and said that my PSA test was high and that I had cancer." Hillard made an appointment to see John Sheldon, M.D., a radiation oncologist at Research Medical Center. "Dr. Sheldon made me feel comfortable and took as much time as I needed in order for me to understand what was going to happen."
For the next seven weeks, Hillard went through the standard course of external beam radiation therapy. Hillard is a big Chiefs fan and looked forward to his daily treatments. "Every day, I felt like I was going home, from the greeting that I received when I walked into the door, to the warm and friendly radiation oncology staff that I could laugh and joke around with. I especially liked it on football days when he would come in with his Chiefs jersey on and the staff would be dressed in red and Chiefs scrubs."
Over the next eight years, Hillard did very well. He went to the doctor to get his PSA level checked every year just to make sure he was still cancer-free. It was at one of these visits that his PSA was found to be elevated once again and the cancer had returned. With the second diagnosis of prostate cancer, the prognosis for Hillard was more serious. Hillard, once again turned to Research and Dr. Sheldon for treatment. "I wasn't worried...worrying would only make matters worse. I continued with my daily routines and didn't miss a day of work!" This time, Dr. Sheldon recommended the high-tech treatment of salvage brachytherapy, involving the implantation of radioactive seeds into the prostate gland. Success was achieved, as Hillard's PSA level dropped to zero, and remains there.


text:
Remember the Tlingit paddlers who lost their canoes on a recent journey through Southeast? High winds and rough seas capsized the watercraft, dumping hand-carved, red cedar paddles into the ocean.
The canoes were found, and later, some of the paddles. They had a homecoming of sorts a few weeks ago in Yakutat, where they were made. The northern Southeast town is on the eastern edge of the Gulf of Alaska.
A half-dozen students sit and stand around a workbench in the Yakutat High School shop. They're in a youth arts program that's part of the community's annual tern festival.
Each holds an angled cedar plank rough-cut into the shape of a ceremonial dance paddle. A pile of raw boards sits on the bench, surrounded by dark, dusty pieces of crumpled sandpaper.
While an adult volunteer uses a power tool to remove the roughest edges, the teens smooth and shape each piece by hand.
Ninth-grader Jasmine Long, working with sandpaper, already has some experience.
"They had a canoe trip recently over to Wrangell and I helped them with those paddles. And I enjoyed it so much I thought I'd come back and do this one," she says.
"I was thinking of (painting on) an eagle, since that's my moiety, and a bear," she adds.
Watching the work is Doug Chilton, who led the paddle-carving effort for the Wrangell journey.
"This is an introduction stage for the next generation," he says.
The Juneau-based master carver, who's also the tern festival's featured artist, moves in to advise the students. Then he steps back, letting them get a feel for the wood on their own.
"These ones are little miniature dance paddles. And we'll introduce them to the actual usable paddles that we use. Then I can get them into a canoe. And that's where I'm at. That's what I love doing," he says.
Chilton is president of the One People Canoe Society, which promotes the traditional mode of travel, along with cultural awareness and community-building.
The recent canoe convoy from Juneau to Wrangell helped celebrate the rededication of the community's Chief Shakes Tribal House.
That put Chilton – and some others – in the midst of some very rough seas.
"Bad weather's bad weather. We got inside the safety boat, try to make sure everybody's inside where it's safe and we just kind of kept an eye on it through the window," he says.
Two canoes and a couple dozen paddles were lost to the wind and waves.
"There's not really a lot you can do other than just be sad. It was pretty quiet there for a while after the canoe broke loose. Once it went over we knew the paddles were gone," he says.
"It was heartbreaking. Our spirits got lowered quite a bit," says Cynthia Petersen, business manager for Yak-Tat Kwaan, the Native corporation that cosponsors tern festival events.
She watches over the sanding students as she talks about being on board the ill-fated Yakutat canoe.
"A lot of us thought that our ancestors gave us so much to begin with, that they were just taking our paddles as part of it. And for eight of them to get returned, when we had eight paddlers on the journey from Yakutat, was amazing," Petersen says.
And there the paddles are, one broken and others battered – laid out on a nearby shop workbench.
Chilton walks over to the pile.
"This is one of the paddles that was returned to us. And you can see how the edge is busted off. The Fish and Game officer that brought these to us said they had to wait for this one because there was a bear chewing on it," he says.
More than a dozen Yakutat paddles are still missing. But those recovered have some time in the water.
Chilton and others in the One People Canoe Society head to Washington's Olympic Peninsula later this summer for what's called the Intertribal Canoe Journey and Potlatch.
After that, the paddles return to Yakutat, and the sponsors who helped fund the Wrangell trip.
"It's interesting. They went on their own journey and they came back," Chilton says.
Back in the high school shop, Jasmine Long continues smoothing the edges of her ceremonial dance paddle. She's been involved in dance groups in the past and is working on returning.
"I've been going to the practices and I've been trying to get back into it."
She says it feels good to create a paddle she'll use.


text:
CONCORD, N.C. (Sept. 22, 2012) – Fans interested in attending Bojangles' Pole Night at Charlotte Motor Speedway on Oct. 11 can now purchase a limited-edition collectible ticket featuring four of NASCAR's greatest racers.
The ticket, of which only 2,500 were printed, pays homage to NASCAR Hall of Famers Bobby Allison and Cale Yarborough and future Hall of Famers Jimmie Johnson and Mark Martin. All four NASCAR icons are three-time winners of the Bank of America 500, which is scheduled for Oct. 13.
Allison and Yarborough dominated the 500-mile race in the 1970s, with one of the two drivers celebrating in Victory Lane five times in nine years. Allison won back-to-back in 1971 and '72, while Yarborough took home the Bruton Smith trophy in 1973. Allison won his third and final Bank of America 500 in 1978, followed again by Yarborough in 1979. In what proved to be the final NASCAR victory of his career, Yarborough picked up his third Bank of America 500 win in 1985.
The 1990s belonged to Martin, who notched all three of his wins in Charlotte's fall classic within a six-year period, in 1992, '95 and '98. Martin has long said Charlotte Motor Speedway is one of his favorite tracks.
"That place means a lot to most of the NASCAR folks because it's kind of a home track," Martin said. "The track meant a lot to me because I was so comfortable on it and it was one of the earlier big speedways that I got to drive on."
The track is also special for Johnson, who became only the fourth driver to ever win three Bank of America 500s with a win in 2009. Johnson's first two Bank of America victories came in Saturday night showdowns in 2004 and 2005.
"Charlotte Motor Speedway has made a lot of history over the years, and these four drivers have been a huge part of that," said Marcus Smith, president and general manager of Charlotte Motor Speedway. "We're proud to honor their accomplishments with this limited-edition ticket and we look forward to writing more history during the Bank of America 500 race weekend here at the greatest place to see the race."
If either Johnson or Martin manages to win the 2012 edition of the Bank of America 500, they will move to the top of the all-time win list for the annual October event at Charlotte Motor Speedway, making the limited edition ticket even more collectable.
"Charlotte's always been one my favorite tracks and it's a tough place to win," said Martin. "I've been fortunate to have some success there, particularly in October, and man, it would mean a lot to become the only driver to win four times at the 500. For right now, though, that's pretty good company to keep with two hall-of-famers and Jimmie Johnson."
Fans interested in purchasing the limited edition ticket featuring Allison, Johnson, Martin and Yarborough can call 1-800-455-FANS (3267). The tickets are $20.
The Chase for the Sprint Cup heads to Charlotte Motor Speedway for Bojangles' Pole Night on Oct. 11. All 12 Chase contenders, as well as the rest of the NASCAR Sprint Cup Series field, will battle for the top starting spot in the Bank of America 500, the only Saturday night race in the Chase.
Also part of Bojangles' Pole Night is the NASCAR Whelen Southern Modified Tour, which makes its second trip to Charlotte Motor Speedway for the UNOH Southern Slam 150. That race will be held on the frontstretch quarter-mile and will serve as the season finale for the stars of the touring modified division.
Bojangles' Pole Night will also feature the return of the Better Half Dash, with the ladies of NASCAR battling on the frontstretch quarter-mile in a charity Bandolero race. Proceeds from the 25-lap shootout benefit Motor Racing Outreach and Speedway Children's Charities.
On Oct. 12 the NASCAR Nationwide Series returns to Charlotte for the Dollar General 300. Ricky Stenhouse, Jr. will look to continue his pursuit of a second series championship as he battles Elliott Sadler, Sam Hornish, Jr., Danica Patrick and the rest of the NASCAR Nationwide Series competitors.
Finally, on Oct. 13, the NASCAR Sprint Cup Series takes to Charlotte Motor Speedway for the 52nd running of the Bank of America 500. Who will leave Charlotte as the front runner in the Chase for the Sprint Cup? You've got to be there to find out.
To purchase tickets, call the Charlotte Motor Speedway ticket office at 1-800-455-FANS (3267) or visit www.charlottemotorspeedway.com. To stay up to date with everything going on at the greatest place to see the race, log on to www.charlottemotorspeedway.com or connect with Charlotte Motor Speedway on Twitter at www.twitter.com/CLTMotorSpdwy or on Facebook at www.facebook.com/charlottemotorspeedway.
Get 2 FREE stocks valued between $2.50-$1,400 when you open and fund a Webull brokerage account or earn 5% annual interest rate at Worthy.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of SpeedwayMedia.com.


text:
FLOR500, Florida, Wildflower, Art, Nature, History, Eco-art, FIU, VIVA Florida, Garden, Artists, Engaged Creativity, Environment, participatory art,artists, artist, FLOR500 is a participatory art, nature, and history project that marks the importance of the moment when the history of Florida changed forever and gives a glimpse of what its landscape was like 500 years ago. Developed by Xavier Cortada, director and artist-in-residence of FIU's College of Architecture + The Arts' Office of Engaged Creativity, the project commemorates Florida's quincentenary in 2013. LIST OF REGIONS AND THEIR COUNTIES Region 1 Northwest Florida (1 -60) Bay, Calhoun, Escambia, Gulf, Holmes, Jackson, Liberty, Okaloosa, Santa Rosa, Walton, Washington Region 2 : North Central Florida (61-120) Alachua, Baker, Bradford, Columbia, Dixie, Franklin, Gadsden, Gilchrist, Hamilton, Jefferson, Lafayette, Leon, Levy, Madison, Suwannee, Taylor,Union, Wakulla Region 3 Northeast Florida (121-180) Clay, Duval, Flagler, Nassau, Putnam, St. Johns Region 4 Central West Florida (181-240) Citrus, Hardee, Hernando, Highlands, Hillsborough, Pasco, Pinellas, Polk Region 5 Central Florida (241-300) Lake, Marion, Orange,Seminole, Sumter Region 6 Central East Florida (301-360) Brevard, Indian River, Martin, Okeechobee, Osceola, St. Lucie, Volusia Region 7 Southwest Florida (361-410) Charlotte, Collier, DeSoto, Glades, Hendry, Lee, Manatee, Sarasota Region 8 Southeast Florida (411-500) Broward, Miami-Dade, Monroe, Palm Beach
Print Page | Contact Us | Report Abuse | Sign In | Register
|Membership Management Software Powered by YourMembership :: Legal
©2008-2014 Xavier Cortada. All text content, videos, and images are the property of Xavier Cortada.
Any reproductions, revisions or modifications of this website without expressed consent of Xavier Cortada is prohibited by law.


text:
New Fishing Agreement Between Georgia, South Carolina Takes Effect
OutdoorHub 06.28.12
As a result of South Carolina's recently revised fishing laws, development of a new reciprocal agreement with Georgia was necessary and will go into effect July 1.
Georgia and South Carolina's reciprocal freshwater fishing license agreement allows anglers to fish on border waters with a valid fishing license from either state. Border waters include the Chattaooga River to Lake Hartwell and downstream waters such as lakes Russell and Clarks Hill, and the Savannah River.
"Anglers as well as state officials on both sides wanted to continue the fishing license agreement and keep fishing regulations as similar as possible on border waters," explains John Biagi, Chief of Fisheries Management, Georgia Department of Natural Resources' Wildlife Resources Division. "To minimize confusion, Georgia sport fishing regulations will largely mirror South Carolina laws on border waters."
Notable changes to fishing regulations covering border waters include:
- a limit of 10 striped bass or hybrid bass or combination on Lakes Hartwell and Clarks Hill, only three may be over 26 inches;
- the limit for trout is 5; and
- the limit for white bass is 10
Anglers should note that South Carolina's new fishing laws for crappie and bream are different than Georgia's regulations. (You can keep more in Georgia – 30 and 40 respectively.)
For more details, visit www.gofishgeorgia.com/fishing/regulations.


text:
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than President Obama's—particularly since Romney has opted not to commit to include any Democrats in his administration. Here are some possibilities for Romney appointees to those key Cabinet positions that guide economic policy, and a couple of new ones Obama might make if he is re-elected.
Romney Cabinet: Vice President
The outlook Paul Ryan (left) would bring to a Romney Cabinet includes such diverse author influences as Ayn Rand (although of late he has distanced himself from her religious views, her fiscal principles are still very much in evidence) and the Austrian economist Friedrich Hayek, author of The Road to Serfdom.
Among the mentors who have shaped Ryan's view of both politics and economics are the libertarian Rich Hart, an economics professor who discussed not just economics but politics with the future VP candidate. Hart, who according to a Los Angeles Times report jokes that he is a member of a group of faculty at Miami University of Ohio that's "to the right of Attila the Hun," opposes the minimum wage and believes that public schools fail inner-city kids.
Others who have influenced Ryan's beliefs to one degree or another include the late Rep. Jack Kemp, R-N.Y., although he, says a Newsmax report, unlike Ryan, did not espouse government cuts or tough love for the poor. There's also former education secretary and drug czar Bill Bennett, who served under Reagan and the first Bush in those posts, respectively; Sen. Marco Rubio, R-Fla., a champion of supply-side economics; and Stanford University economist John Taylor, who has served in three Republican administrations. Romney Cabinet: Department of Treasury
Who would Romney choose to head the Treasury Department instead of Tim Geithner? Speculation runs rife that it could be anyone from former World Bank President Robert Zoellick (left), who has already been offering Romney guidance on foreign policy, to Sen. Rob Portman, R-Ohio, who served as Office of Management and Budget (OMB) director under George W. Bush. But Portman's accession to a Treasury slot rather than retaining his seat in the Senate could jeopardize Republican legislative goals should outcomes continue to depend on a few senators' votes either way—so Portman could opt, or be opted, out of eligibility.
Another likely possibility is Glenn Hubbard, dean of Columbia University's business school, who served as chairman of the Council of Economic Advisers early under George W. Bush and also helped to orchestrate the 2001 and 2003 Bush tax cuts. A recent profile of Hubbard in The New York Times, titled "Romney's Go-To Economist," says that Hubbard not only assisted in the drafting of Romney's economic and tax policies, he also gave his stamp of approval to those he did not originate.
Hubbard's elevation to head Treasury could mean he would be out of the running to chair the Federal Reserve—a post that comes up in 2014—so, depending on his preferences, he, too, might bow out. If so, Treasury could end up being run by Mike Leavitt, former Utah governor and Health and Human Services secretary under President George W. Bush. Leavitt, a fellow Mormon, is currently heading Romney's transition team, but has been mentioned as a possible candidate for Treasury secretary—although chief of staff could be more likely.
Obama Cabinet Changes: But What About…
With Geithner (far left) departing even if President Obama wins a second term, some names are being bandied about for his replacement in a Democratic administration. They include Erskine Bowles, of Simpson-Bowles fame; Bowles formerly served as White House chief of staff to President Bill Clinton. (There is a chance that Romney could opt for Bowles as well, since his hand on the deficit reduction plan was so heavy—it would give a nod to bipartisanship.)
Another mention as a replacement in a second Democratic term, according to The New York Times, is Laurence Fink, CEO of BlackRock (Jamie Dimon, CEO of JPMorgan Chase, was reportedly also on the list at one point, but now apparently has been crossed off).
But the favorite, according to The Times, is Jacob Lew, Obama's chief of staff. Lew, a former lawyer and career technocrat, put in a brief stint as CEO of Citigroup's Alternative Investments unit, but other than that is not known for having a business background. Romney Cabinet: Department of Labor
Currently headed by Hilda L. Solis, Labor could be in for a major shakeup as well. One of the splashier names being bruited about as her possible successor in a Romney administration is Scott Walker (left), governor of Wisconsin, who made headlines by tangling with public worker unions in an effort to control the state's budget. Former Sen. Jim Talent of Missouri, co-chairman at the lobbying and public strategy firm Mercury Public Affairs, has also been mentioned in connection with the job.
Another possibility, and one less politically fraught, is that of William Kilberg, lead counsel for Boeing, who also chairs the Labor Policy Committee for the Romney campaign.
Kilberg has taken on the National Labor Relations Board on Boeing's behalf after the NLRB filed suit claiming that Boeing opened a new plant in Charleston, S.C., to retaliate against union workers in the Puget Sound area for striking. He has also served as legal counsel for the Department of Labor.
Romney Cabinet: Federal Reserve
Glenn Hubbard (left), already mentioned as a possibility for Treasury secretary, could end up running the Fed instead when Ben Bernanke's term as chairman ends in 2014. In his previous role in the Bush administration, Hubbard advocated financial deregulation. He has also been criticized for being too chummy with the industries about which he studies and writes. Both could possibly count as strikes against him for this position.
Another possibility is Martin Feldstein, professor of economics at Harvard University, who used to chair Reagan's Council of Economic Advisors and who has not hesitated to voice his low opinion of Bernanke's use of QE. A Feldstein appointment would place the Romney administration firmly in the camp of anti-inflationism, while also bolstering support for Romney's tax plan.
John Taylor, whose mentoring influence on Ryan has already been noted, is another contender for the slot, and supposedly a top one. With previous service on the White House Council of Economic Advisers and as under secretary of Treasury for international affairs, Taylor is experienced in public policy. He was also the originator of the Taylor Rule, used to set interest rates. And he too is critical of Bernanke's tactics to combat the financial crisis.
One more name that has come up as a candidate, if an outside one, for Fed chief is Gregory Mankiw, professor of economics at Harvard. A couple of Mankiw's more controversial beliefs are, according to The Blaze, that economic inequality is natural and outsourcing is good. Obama Cabinet Changes: And Just in Case…
Of course, with Ben Bernanke's recent announcement to friends, if not to the public, that he won't serve a third term even if Obama is re-elected, change will apparently come to the Fed regardless of the election's outcome. Lawrence Summers, says The New York Times, is at the top of the list. Treasury secretary under Clinton and director of the National Economic Council for Obama, Summers is thought to offer follow-through on Bernanke's policies.
If not Summers, then who? Janet Yellen, vice chairwoman of the Federal Reserve, would be the first woman to run the Fed if chosen, and she too could offer continuity. Economist Alan Krueger also gets a mention; he served for a short time as an assistant secretary of the Treasury for economic policy under Obama.
And since it will be a year till Bernanke steps down, one more possibility is being offered: Tim Geithner. After a year out of Treasury, the theory goes, Geithner may be ready and willing to take on the Fed. He's already put in time, after all, as president of the Federal Reserve Bank of New York during the financial crisis. Romney Cabinet: Council of Economic Advisers
Presently chaired by Alan B. Krueger (left), Obama's council is bound to transform dramatically if it becomes a Romney council.
Romney's current economic advisors include the aforementioned Glenn Hubbard, Jim Talent and Gregory Mankiw, another former chairman of the Council of Economic Advisers under Bush; Vin Weber, who served in Congress from 1983–1993 and now works as a lobbyist; and American Enterprise Institute Senior Fellow Kevin Hassett, who has served as economic advisor to George W. Bush in 2004 and to John McCain during his presidential bids in 2000 and 2008.
Hubbard, Mankiw, Hassett and Talent have all advocated for Social Security privatization, although Talent has since backed off.
Hubbard and Mankiw, as previously mentioned, have already served in the capacity of chairman and are being considered elsewhere. But Stanford University economist John Taylor, likely to serve on the Council, could also be tapped to chair it, as could Hassett.
A Romney council could contain any or all of these, and perhaps include as well any candidates for other financial posts who do not make the final cut. Romney Cabinet: Department of Housing and Urban Development
Who might replace Secretary Shaun L.S. Donovan as head of HUD? A couple of possibilities include Sen. Richard Shelby (near left) of Alabama, the ranking member of the Senate Committee on Banking, Housing and Urban Affairs, and Rick Baker, former mayor of St. Petersburg, Fla., who currently serves Romney as urban policy advisor. Baker, according to Forbes, is a big proponent of downtowns, which could mean making urban revitalization a priority.
Another name being floated is that of former Rep. Rick Lazio, R-N.Y., who advises Romney on housing. While still in Congress, Lazio chaired what was at the time the House Banking Committee's Subcommittee on Housing and Community Opportunity, and according to some Republican sources, his position as a former legislator could be a plus. Of course, sources also say that a mayor on the way to the top or a housing commissioner with a solid reputation could also be tapped for the position.
There simply hasn't been a whole lot of chatter, at least in some circles, over who could take on the post, given the possibility that Romney could just opt not to appoint anyone. That would follow through on a previous statement that he'd shut down the department altogether as a budget-cutting measure. Some feel it unlikely that Romney will go that far, considering that his father used to hold the post.
Romney Cabinet: Office of Management & Budget
Jeffrey Zients, acting director, could be replaced by former Congressional Budget Office chief Douglas Holtz-Eakin (left). The latter served from August 1989 to July 1990 as senior staff economist on the first President Bush's Council of Economic Advisers. He was chair of the economics department at Syracuse University from 1997 to 2001, and in 2009 Holtz-Eakin served on the Financial Crisis Inquiry Commission, appointed by Senate Minority Leader Mitch McConnell.
Should the helm not fall to Holtz-Eakin, former Rep. Jim Nussle of Iowa, who was director of OMB under George W. Bush and also chaired the House Budget Committee, could get the nod—or instead, perhaps, former Sen. Judd Gregg of New Hampshire could be Romney's pick. Gregg previously served as chairman of the Senate Budget Committee, and also works with the deficit-reduction advocacy group Fix the Debt.
One last possibility—Portman might choose this (or be chosen for it) over Treasury. The fact that he's already sung this song might make him more, or less, anxious for an encore.
Romney Cabinet: U.S. Trade Representative
Ambassador Ronald Kirk could see himself replaced by Dave Heineman (left), governor of Nebraska and, according to Omaha.com, the first governor to endorse Romney. Heineman's name has also been mentioned as a possibility for secretary of commerce.
Even though he's not being discussed for this slot, in favor of the headier role at Treasury, Rob Portman formerly held this post—and he was on the short list for vice presidential candidates before Romney chose Ryan. So Portman might have a bit of influence on Romney's selection process.
Whoever comes to the office under a Romney administration will be tasked with getting tough on China, if Romney follows through on campaign promises—to label China a currency manipulator and to pursue unfair trade practices claims.
However, Romney's own investments through blind trusts include a number of Chinese companies, and his criticism of China for stealing American jobs has been tarnished a bit by the revelation that when he was still in charge at Bain Capital, according to a Forbes report, he invested $14.2 million in Global-Tech, a Chinese company that depended on the outsourcing of U.S. jobs for its success.
That could make it just a bit challenging for Romney's trade rep to follow through on his tough trade talk on China, whoever he selects.
Please check out AdvisorOne's Election Impact 2012 home page for complete advisor-related election coverage, including:


text:
I Remember the Savior
1. I remember the Savior on this holy day.
I think of his love as I ponder and pray.
Of bread and of water I humbly partake,
Remembering Jesus died for my sake.
2. I think of his hands, nailed and bleeding for me
As he hung, crowned with thorns, in great agony.
"Forgive them," he prayed, "they know not what they do."
Oh, Father, grant me a forgiving heart, too.
3. I remember his love and the life that he gave
So willingly, selflessly, mankind to save.
Dear Father, I ask thee to help me each day
Remember my Savior and follow his way.
Text: Laurie Sowby
Music: Laurie Sowby
Artist: Sowby
Album: Music Published in the Church Magazines: New Era
Composition Date: 1983-04-01
More Info: New Era


text:
Hedge funds post strong January gains on macro shifts
Hedge funds posted strong gains in January as the resolution of the US fiscal cliff and investor optimism regarding the European banking and sovereign debt crisis drove gains across all hedge fund strategies to begin 2013, according to data released by HFR.
Hedge funds posted strong gains in January as the resolution of the US fiscal cliff and investor optimism regarding the European banking and sovereign debt crisis drove gains across all hedge fund strategies to begin 2013, according to data released by HFR.
The HFRI Fund Weighted Composite Index rose by 2.8%, the seventh gain in the last eight months and the strongest monthly gain since January 2012. Fund of Hedge Funds gained 2.5%, their third consecutive gain and sixth in last seven months.
Equity Hedge led all strategies as global equity markets rallied across nearly all regions, with the HFRI Equity Hedge Index gaining 3.7% for January. Gains were also distributed broadly across Fundamental Value, Growth and Quantitative Directional strategies, with these returning 4.5%, 3.8% and 3.8%, respectively. Short-selling strategies were the lone sub-strategy to decline in January, losing 3.7%.
Fixed income-based Relative Value Arbitrage (RVA), the leading area of strategy performance in 2012, extended recent gains as the HFRI Relative Value Index gained 2.5% in January, the strongest monthly gain since September 2010. Significantly, RVA gains also occurred through an environment of increasing yields in most developed markets globally. Event Driven (ED) strategies also posted strong gains as activist positioning in Herbalife and other dynamic M&A situations contributed to performance, with the HFRI Event Driven Index advancing 2.2%, the eighth consecutive monthly gain for the Index and the strongest month since January 2012.
Currency volume soared in January in response to catalysts of inflation targeting by the Bank of Japan and falling sovereign yields across Italy, Spain and Greece driving the euro to a 14-month high against the US dollar. The HFRI Macro Index gained 1.6%, only the second monthly gain in last six months and the strongest gain since April 2011, with positive contributions across Quantitative, Discretionary, Commodity, Currency and Emerging Markets exposures. The HFRI Macro Systematic Diversified/CTA Index gained 1.9%, improving on a disappointing decline of 2.5% for 2012, while the HFRI Emerging Markets Index gained 3.4%, improving on last year's gain of 10.3%.
"Hedge fund performance in January reflects an important shift in the driver of financial market performance from the macro and political uncertainty which dominated 2012 to fundamentally driven, mean-reverting factors including growth, earnings and relative valuation," said Kenneth Heinz, president of HFR.
"Macro risks have been reduced, but not eliminated, creating a compelling environment for hedge fund performance as investors remain sensitive to these risks, but are also increasing opportunistic with regard to positioning and performance generation. This shift toward fundamentals and increasing risk tolerance is likely to provide a powerful catalyst to hedge fund performance in 2013."


text:
General Atlantic Portfolio
Our portfolio companies are already on a strong growth trajectory — our goal is to enhance it. We have a solid track record of delivering strategic, practical and impactful support to our portfolio companies.
Saxo Bank ×
Saxo Bank is a provider of multi-asset electronic trading solutions for retail and institutional investors globally.
Global provider of technical information, decision‐support tools and related services to the energy, defense, aerospace, construction, electronics and automotive industries.
Please Note: General Atlantic originally invested in IHS on November 16, 2005. On June 21, 2010 General Atlantic exited IHS. On January 10, 2010, General Atlantic invested in Markit, which was acquired by IHS on July 21, 2016. General Atlantic subsequently became a shareholder in IHS Markit.
Chicago Board Options Exchange (CBOE) is the world's largest options exchange holding company.
TriNet ×
TriNet is a leading provider of human resources solutions.
Affinion Group ×
Affinion Group is a leading provider of loyalty and customer engagement solutions.
Zhongsheng ×
Zhongsheng is one of the leading national automobile dealership groups in China.
QTS Realty Trust is a leading provider of secure, compliant data center, hybrid cloud, and managed services.
Privalia ×
Acquired by Vente-Privee, Privalia is a leading private online sales club operating in Spain, Italy, Brazil, and Mexico.
Gilt Groupe ×
Acquired by Hudson's Bay Company, Gilt Groupe is a luxury lifestyle e-commerce retailer, offering its members special access to merchandise and experiences, many at insider prices.
IBS Software Services provides software products and services to travel, transportation, and logistics companies.
EXP provides engineering, architecture, design, and consulting services to the world's built and natural environments.
Alibaba ×
The largest Chinese e-commerce conglomerate with a portfolio of leading B2B and consumer internet businesses.
Amedes Group ×
Amedes Group is one of the leading providers of medical diagnostic services in Germany and Belgium.
Jubilant Life Sciences ×
Jubilant Life Sciences provides custom research, manufacturing services, and drug discovery and development services to the global pharmaceutical industry.
MedExpress ×
Acquired by Optum, MedExpress is an urgent care center that provides immediate walk-in treatment for illnesses and injuries, wellness exams, and employer health services.
BM&F Bovespa ×
The B3, formerly known as BM&F Bovespa, is the leading exchange in Latin America offering equities, indices, interest rates, agricultural commodities, foreign exchange futures, and spot contracts.


text:
Terms and conditions apply.
Product Description
The Lancester Sofabed is part of Alston's Aviator Collection, which offers a classic feel with a scroll arm and has a sharp finish to the sofa. The swatch offers a fresh injection of colour.
Key features include:
a choice of feet and leg finishes
10 year structural guarantee
10 year cold cure seat cushion guarantee
Product name Alstons Lancaster Three Seater Sofa/Sofabed
Pieces available / dimensions
3 seater sofa/sofabed H 970mm W 2120mm D 960mm
2 seater sofa/sofabed H 970mm W 1920mm D 960mm
2/3 seater sofabeds
Two fold slatted and
webbed metal action. Depth open 2280mm
Snuggler H 970mm W 1480mm D 960mm
Chair H 970mm W 1010mm D 960mm
Accent chair H 900mm W 850mm D 920mm
Swivel chair H 920mm W 790mm D 860mm
Ottoman H 420mm W 990mm D 580mm
Storage stool H 410mm W 640mm D 580mm
Footstool H 380mm W 640mm D 580mm
Choice of feet and leg finishes
Sofas, snuggler, chair & ottoman
Dark feet
Light feet
Accent chair
Dark legs
Light legs
Mattress options
Regal mattress (standard)
Single sided 'no turn' open coil spring interior mattress, including an additional top layer of foam fillings for improved levels of comfort. Hand made in the UK, tufted and covered in a woven damask ticking.
Mattress sizes:
2 seater 1800 x 1120 x 100mm
3 seater 1800 x 1320 x 100mm
Pocket mattress (upgrade)
For the ultimate in comfort our deluxe, double sided pocket spring mattress has quilted side edges, superior fillings, hand tufted felt washers and luxury ticking. Fully reversible.
Mattress sizes:
2 seater 1800 x 1150 x 100mm
3 seater 1800 x 1350 x 100mm
Based in Devon, Potburys of Sidmouth offers FREE delivery for furniture to mainland UK.
To place an order or for further information, please telephone: 01395 515555
- Alstons Lancaster Chair£0.00


text:
Ohio State University Reports More Mumps Cases< < Back to
Five more cases of mumps have been confirmed in an outbreak at Ohio State University, raising the total to 28.
Columbus Public Health reports all but five of those infected are students. One is a staff member, and another is a student's relative. Health officials say the other three cases involve people who don't study or work at Ohio State but have links to the university community.
Investigators are mapping cases to find links and determine how people became infected.
The confirmed cases involve 12 women and 16 men. They range in age from 18 to 48. Three of them were hospitalized for at least one day.
Ohio State employees and students who returned this week from spring break have been urged to take precautions to keep themselves healthy.


text:
Celestial Communications
Ventnor England United Kingdom Ventnor England United Kingdom
We asked people why they go on retreat, here's what they said:
To give my ego a break from all these construction projects. Layth
We believe human beings are innately wise, strong and kind. This wisdom, although not always experienced, is always present. Going on retreat is a beautiful way to reconnect to our basic sanity and health. Our aspiration at Retreat Guru is to inspire people to experience authentic retreats and reconnect with their innate wisdom, strength and kindness.


text:
The singer was 17 when she first appeared on American Bandstand
When Dick Clark died last week at age 82, several stars shared personal memories of the man called "America's Oldest Teenager."
In the 1980s, Clark worked closely with the then-teenaged Debbie Gibson, asking her to appear on American Bandstand multiple times, and even having her host the American Music Awards in 1989. And after Gibson's teen pop star days were over, Clark remained close to Gibson, tapping her to co-host Dick Clark's American Bandstand 50th Anniversary Collection in 2007.
In an exclusive to PEOPLE, Gibson recalls her bond with Clark.
"The first time I met him was on a flight at the very beginning of my career. I turned to my mom and said, 'Oh, my God. It's Dick Clark.' Maybe it's because I was young – I think I was 16 – but I decided to go over and say hi to him. It's not like he would know who I was; I'd just be this random person coming up to him. But he couldn't have been more gracious. It turned out that he knew my music. I couldn't believe it!"
"I first did American Bandstand at 17, and it was very nerve-wracking. Doing [the show] was a major career turning point in my career. Mr. Clark knew this and came to my dressing room beforehand to put me at ease. He was so approachable and warm."
"There are a lot sleazy people in this business, and as a young girl, I had to learn pretty quickly how to identify them. I remember sitting with him at a piano, and he sat down next to me and just started talking. It was a very intimate moment, but it wasn't creepy at all. He was always a gentleman."
"I was more excited to do Bandstand than to do MTV! I knew what a big deal it was, and how much it meant to my career to be on his show. It was a sign that I had arrived when I was on Bandstand. It was really a jumping off point, to join his list of legends. He gave me his stamp of approval, which really helped my career in a big way."
"The biggest lesson I learned from him was how to juggle multiple projects. He was very busy, but he was a voice of calm, an example on how you could balance a career and family. I will always be grateful for that."


text:
Modern video's future: Video-on-demand Nirvana
October 4, 2018
October 4, 2018
With video now anytime, anywhere and viewable on any device, viewers are binge watching and sharing on social media like never before. New video distribution market entrants are driving this change to a large extent. It's safe to say change won't stop.
To remain competitive, not only will video service providers need to offer innovative new features but they also will have to optimize their cost structure. Can they do that in today's demanding environment? Can they be both feature rich and low cost?
We think so.
As cable executives ponder the future of video, it's useful to ask: "If you were starting from scratch, would you build a business based on linear video or video-on-demand (VOD)?" Most executives we've spoken with respond with an enthusiastic, "VOD!"
Let's imagine what a VOD Nirvana might look like:
This system recreates the linear experience, but with a number of advantages: specialized playlists (binge and theme experiences), customer playlists, support for ad insertion throughout the asset life and most importantly operations at a fraction of today's cost.
Today, Multiple System Operators (MSOs) operate three large video delivery platforms. In most cases, video is transcoded at least twice (Linear and VOD) and stored millions of times (once for VOD and millions of times for nDVR). In fact, the most popular 15 percent of unique programs recorded account for 66 percent of nDVR recordings.1 Separate content management is done for linear and VOD.
In short, linear TV ingest requires expensive, 24/7 operations with highly redundant, expensive video infrastructure. It's extra work.
Let's look at three top cable entertainment networks' linear channel groups—they occupy 17 video ingest streams given the various flavors and formats (HD and SD). Of the 1,500 total hours one channel broadcasts each week, only 1 percent are new.2 Ingest and delivery resources are mostly wasted, versus a VOD-only system that ingests once and plays out when needed.
While investment will vary depending on the blend of cDVR subscribers, linear channels and VOD assets, a sample MSO VOD system represents roughly 15 percent of total IP video capital costs and 30 percent of total video operating costs.3
This isn't an all-or-nothing proposition. Some channels would be easier to convert—starting with premium non-ad supported channels, pre-recorded content with ads and finally, channels with live content.
In just five years, close to half of Millennials' traditional TV viewing time has migrated to streaming or other activities.4 Traditional providers must follow the trend.
For customers, VOD Nirvana could be made to look just like today's user experience except with better video quality through non-real-time encoding. However, there is opportunity to enable new features like live TV pause, better trick play, bigger on-demand libraries and custom playlists. Customers could even be given the ability to watch shows ahead of the normal linear schedule. VOD Nirvana is a way to deliver the time-shifted content customers want both flexibly and cost effectively.
Programming rights and programmer business models can make sweeping changes in technology difficult. Rights to content differ across a programmer's portfolio. For instance, one production company may grant rights to leave an asset in VOD for up a year, while another may limit that to a much shorter time frame. Some programmers don't have rights to distribute all their linear content as VOD. Also, programmers will likely maintain dual delivery paths for some time.
Making the change to "VOD only" will require effort, so there must be a clear business case for the programmer.
To prove the business case for VOD Nirvana, testing based on data analytics will be required. Providers need to compare customers subjected to various ad and usage models against a control group of customers using today's infrastructure.
Potential programmer benefits are promising: advanced yield optimization; flexible business models (ad, no-ad premium, fast forward fees); programming via marathons, mood, genre and custom playlists; and higher quality due to non-real-time encoding. To not consider the benefits of a new model risks being left behind.
The time is now—for service providers and programmers. Consumers have spoken—and VOD is the wave of the future.
1 Cloud-Based DVR and Multiscreen Support Strategies – Optimizing Storage and Transcoding, Ludovic Milin and Carol Ansley, ARRIS, 2014
2 Source: Accenture Strategy analysis
3 Source: Accenture Strategy analysis


text:
Scientists reckon they've confirmed what caused an oceanic mass extinction during the late Cretaceous period, 93 million years ago, provoked by a sudden, and previously unexplained "anoxic event" which deprived bottom-dwelling species of oxygen.
According to a report in Nature, the cataclysm was provoked by massive undersea volcanic eruptions in a plateau under the present-day Caribbean which "devastated animals living on the sea-floor such as foraminifera, millimetre-sized creatures that lie at the bottom of the oceanic food-chain".
While scientists had previously suspected a volcanic link to the extinction, Steven Turgeon, a geologist at Canada's University of Alberta, said: "What was missing was a clear link in the sedimentary record."
To make the case, Turgeon and colleague Robert Creaser looked at levels of two isotopes of osmium in sedimetary shale samples from the sea bed off South America and from mountains in Italy. They found that in both cases "the ratio of osmium-187 to osmium-188 dropped dramatically just before the extinction event", indicating "a huge amount of molten magma, carrying a higher proportion of the heavier isotope, was discharged into the oceans".
The figures represent, Turgeon said, a sudden and "astounding" 3,000–5,000 per cent increase in global volcanic activity. The Caribbean plateau was "the only volcanic site large enough to spew forth that much magma in the geologically-fleeting space of a few hundred of thousand years", the researchers concluded.
Tim Bralower, a marine geologist at Pennsylvania State University, agreed the study has "nailed the coffin shut" on the matter of whether the plateau was the source of the event, but noted that it remained to be proved quite what drove the mechanism of extinction.
Nature notes: "One theory is that minerals in the magma fertilized the ocean and led to a huge bloom of creatures that then died and decayed, sucking up oxygen in the process."
Of the eruption itself, Bralower added: "We really don't know why then or why there." He suggested the cause of the big bang "may lie in the mantle, or perhaps even at the outer edge of earth's core", and concluded: "That is now the $64 million dollar question." ®


text:
Our beloved Bibi bag returns in an easy-to-wear style. Designed with an adjustable strap with two compartments, it is perfect for storing your essentials in style.
·Adjustable strap
·Zip fastening
·Length: 12.5cm, Width: 18cm
· Colour: Black
· Composition: 100% Cow Leather
· Lining: 100% Cotton
· Length: Not Applicable
· Wash Care: Do not wash
· Product Key: 01502998801
Whistles.com is currently operating as normal however some delivery times maybe slightly delayed due to carriers putting in place social distancing measures to keep their teams safe. Our stores and concessions are now temporarily closed. Any orders placed from 10th March 2020 may be returned for a full refund up to 60 days after being delivered.
|standard UK delivery
|3-5 working days
|next day UK delivery
|<1 day
|click & collect UK
|*Available in some locations
|European delivery
|3-5 working days
|Rest of World delivery
|4-7 working days
|US delivery
|4-8 working days
UK orders over £400 are entitled to free next day delivery. Please select this option at checkout when completing your order.
Next day delivery is available for UK orders placed Mon- Fri before 2pm. Any orders placed after 2pm will be delivered within 2 working days.
We deliver to over 50 countries worldwide. To find out more, please visit our delivery & returns page.
*Click & Collect is available from our open stand alone stores.


text:
Dan Smith
Standard Chartered
[email protected]
Gold is back in favor amid elevated inflation fears: Gold prices trended higher in August and September as central banks in Europe, Japan and the U.S. implemented QE to offset the weak economic backdrop. The U.S. dollar also weakened, which helped to boost the commodities complex.
Investors also remain keen buyers of gold. Major ETFs are up sharply since the start of August, rising 5.3%. U.S. net speculative positions are up 5% week over week (as of Oct. 8) and 46% month over month as of the latest data from Sept. 18. We expect gold prices to trend higher in the next six months. Investor appetite is likely to remain strong due to problems in Europe, and worries about inflation are elevated.
Base metals are turning higher, but face some headwinds: Base metal prices have trended higher in recent weeks as markets have reacted to aggressive plans by central banks to pump more money into the economy. However, worries about growth in China and Europe have created some headwinds.
Copper prices will be followed closely as a leading indicator for the rest of the [period]. For now, most fundamental data supports a mildly bearish view, although excess liquidity should be supportive at the margin. Consumption calculations for China point to a fall in demand in August after a strong year. Spot premia in Shanghai fell 26% in September, and stocks in bonded warehouses have been rising. Our local economists see continued weakness near term.
Despite this, we are not excessively bearish about China, as the government plans to boost infrastructure spending and demand growth is moderating, rather than collapsing. On a six-month view, we expect copper and base metal prices to trend higher, though we could see further weakness near term given the uncertain macroeconomic backdrop.
Guy LeBas
Janney Montgomery Scott
Gold bugs in the crowd have been quick to talk their own positions in the wake of Ben Bernanke's all-in speech at Jackson Hole (not to mention in the post-QE3 world). The chrysopoeic metal cleared an all-time nominal high of $1,774 just a few days after the Fed's move, though inflation-adjusted, we're still short of the 1980 peak.
The theory behind the bugs' argument is that Fed money printing is (a) debasing the value of the dollar relative to a "fixed" object like gold and that (b) the Fed money printing is generating inflation and increasing the value of real assets such as gold.
While the run up is likely more than just a pyrite rally, there are a range of factors driving demand for gold, some more structural and some more technical than the Fed argument. We cannot, however, ignore the fact that a number of other commodities have also seen substantial price movements since Bernanke turned the taps all the way to the left.
Basically, with negative real interest rates, real assets become attractively valued at nearly any price—until those negative real rates disappear. Under this expectation, there's a financial incentive for the U.S. investor base to borrow dollars and plow those funds into commodities on an ongoing basis though at least mid-2015.
Frank Holmes
U.S. Global Investors
The world's central bank leaders continue to spike the monetary punch bowl, with investors imbibing on gold once again
As Bank of America-Merrill Lynch says, "monetary policy is contagious." The Fed's money printing practice to help create jobs is only one part of the picture. Along with the growing U.S. monetary base, global liquidity has been growing every year for the past 12 years. As you can see, both of these factors have a close correlation to the rise of gold.
Buying continued in September, with gold lovers loading up on coins. According to Bloomberg, people purchased the most American Eagles from the U.S. Mint in eight months. Almost 70,000 ounces were sold last month—the most sold since January when the U.S. Mint sold 127,000 ounces.
Miners also attracted interest, with the FTSE Gold Mines Index experiencing a rise of 13.25%, and the NYSE Arca Gold Miners Index rising 12% during the month of September alone.
If you factor in only the Fed's program to purchase mortgages and Treasuries, Bank of America-Merrill Lynch says that over the next nine months gold could go to $2,000, and by the end of 2014, gold could be at $2,400.
This target doesn't take the Love Trade into consideration … The rupee's recent strength has helped to increase Indian gold demand with flows climbing to a five-month high, according to UBS. What's helped bring shoppers back to the market is the fact that the exchange rate is back to where the rupee was in April.
Investors now have two strong reasons to invest in gold: the Fear Trade, driven by an expanding monetary base, and the Love Trade, driven by rising gold demand in Chindia. If you're already sold on gold, make sure to maintain a modest 5 to 10% weighting in gold and gold stocks. J


text:
Also in Business Banking :
What is PesaLink?
PesaLink is an easy, affordable and instant bank to bank money transfer that enables customers to send from as low as 10/= to as much as 999, 999/=. It is available 24/7.
How do I access PesaLink?
By using CBA's:
- Mobile Banking (App and USSD)
- Internet Banking
- Branch
What are the PesaLink Features?
- Instant account to account transfer
- It operates 24/7
- It is affordable
- Accessible from all your bank channels
- Transaction amount limits are: Kes 10/= to Kes 999,999/=
How do I register for PesaLink?
To register, you will link your mobile phone number to your CBA bank account though the Link Phone menu on the PesaLink menu on your channel as explained below. This can also be done by filling in a registration form at any of the CBA branches.
How to Link your phone to your CBA Bank account
- Log into your CBA mobile app and select the PesaLink Menu
- Select the Link Your Phone Menu
- Select the account number to link
- Confirm default account (Y)
- Enter your pin number and submit
- You will receive confirmation sms from PesaLink and CBA for your registration
How do I send money through PesaLink
- Log into your mobile app, USSD or Internet Banking
- Select the PesaLink Menu
- Select the Pay to Phone or Pay to Account Menu option
- Enter recipient details
- Enter your pin number and submit
- You will receive a confirmation sms from PesaLink and CBA for your transaction
*** You can also make a PesaLink transfer through any of the CBA Branches.
How do I receive payments using my mobile phone number on PesaLink?
To receive payments one needs to have linked their phone number to a bank account. Money sent to the mobile number will be routed to the linked bank account in real-time.
In case of any queries, kindly get in touch with us via firstname.lastname@example.com or 0800720444/ 0711056444/ 0732156444.