text:
Posted by JewishJournal.com
I can't feature this video on our home page yet because it's only in Hebrew and French (no English) but this hip-hop version of 'Hatikvah' by Francky Perez et Broadway is stunning.
Stay tuned for a subtitled version in two weeks, Francky says.
Meanwhile, here are my subtitles:
Hatikvah, English:
As long as in the heart, within,
A Jewish soul is yearning,
And to the edges of the East, forward,
An eye gazes towards Zion,
Our hope is not yet lost,
The hope of two thousand years,
To be a free nation in our land,
The land of Zion and Jerusalem
Hatikvah, transilterated:
Kol od baleivav p'nimah
Nefesh y'hudi homiyah
Ulfa'atei mizrach kadimah
Ayin l'tziyon tzofiyah
Od lo avdah tikvateinu
Hatikvah bat sh'not alpayim
Lihyot am chofshi b'artzeinu
Eretz tziyon viyrushalayim
Francky Perez raps:
If you knew how I love her, you'd see how I feel
If you know where I'm from then you know what Is-real
If you've bled like we've bled, died like we've died
Seen what we've seen and cried like we cried.
You know how we love her, treat her like a son does his mother
Or a father does his son, and the brothers do each other
For every stone we move, and all the land we lose
As life get hot like the desert sands in June
And everywhere is the same, and the only real change is
Everyday new faces that feel the same hatred
It's like we're caught in the Matrix, we need The One to save us
The can bomb us, the can kill us, but they will never break us
The beach air is so clear, and the sand is like cotton
In a land that's been foresaken but has never been forgotten and
I turn to the East and pray as the sun warms my skin
The voices of my elders and the places they have been
We have overcome the wait, overcome our fate
Underestimated and overcome the pain
5000 years of history, whether you know it or not
That's why we defend the Land like it's all that we've got
'Cause it's the only safe place to raise my kids
The family how can it be so hard to let us live
They welcome me with open arms, even though times are hard
As peace is like a memory that drifts between the songs
We built this city out of blood, made buildings out of mud
That's why I wrote this song—for respect and out of love
For my descendants, every like every sentence
It's time for us to celebrate our independence
This is God's city, Jerusalem—Yerushalayim
The only place where we live without the fear of dying
Doctor, mothers, sons, prophets and teachers
Believe is what we do—od lo avda tikvateinu
—The Web Guy
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March 30, 2008 | 11:58 pm
Posted by JewishJournal.com
Some Jews want the Catholics to remove from their liturgy a prayer that calls for the conversion of the Jews.
The over-hyped and amateurish 'Fitna' video asks Muslims to strike certain verses from the Koran.
What's next, censoring the Aleinu?
Ooops, been there done that!
Missing from most contemporary recitations of the Aleinu prayer are these lines, thanking God because he didn't make us like the other Nations . . .
. . . for they bow to vanity and emptiness
and pray to a god which helps not
This was considered anti-Christian by European religious authorities and Jews themselves removed the offending lines.
Later, however
Many learned rabbis tried to prove how wrong the accusations against this prayer were, based on the facts that the phrase found to be offending is found in Isaiah,20 that the composition of the prayer was pre-Christian. If Rav (not Joshua) was the author, it was written in a non-Christian country. The censors remained adamant and renewed their attacks in 1716 and again in 1750. The vehement opposition to this phrase resulted in it being deleted from the Ashkenazic prayer books. The Sephardim, especially of Oriental countries, retained it, and in recent years it has been restored to many Ashkenazic prayer books at the insistence of many authorities, especially Rabbi Yehoshua Leib Diskin.
All religions have 'difficult texts.'
We have to acknowledge and learn to accept them as products of their times, not hide them, destroy them or pretend they're not part of the canon.
Phone call for Mr. Amalek!
—The Web Guy
March 30, 2008 | 12:48 am
Posted by JewishJournal.com
Does that look familiar? It's the Shema, in Greek. On a gold scroll.
And not only is it the Shema in Greek, it's from 300 C.E. and it's from Austria.
All this comes from a recent archeological find from Austria.
Archaeologists from the Institute of Prehistory and Early History of the University of Vienna have found an amulet inscribed with a Jewish prayer in a Roman childâs grave dating back to the 3rd century CE at a burial ground in the Austrian town of Halbturn.
This amulet shows that people of Jewish faith lived in what is today Austria since the Roman Empire. Up to now, the earliest evidence of a Jewish presence within the borders of Austria has been letters from the 9th century CE. In the areas of the Roman province of Pannonia that are now part of Hungary, Croatia and Serbia, gravestones and small finds attest to Jewish inhabitants even in antiquity.
Jews have been settling in all parts of the ancient world at the latest since the 3rd century BCE. Particularly following the second Jewish Revolt against the Roman Empire, the victorious Romans sold large numbers of Jews as slaves to all corners of the empire. This, coupled with voluntary migration, is how Jews also might have come to present-day Austria.
Childâs grave
The one or two year old child, which presumably wore the silver amulet capsule around its neck, was buried in one of around 300 graves in a Roman cemetery which dates back to the 2nd to 5th century CE and is situated next to a Roman estate ("villa rustica"). This estate was an agricultural enterprise that provided food for the surrounding Roman towns (Carnuntum, Györ, Sopron).
The gravesite, discovered in 1986 in the region of Seewinkel, around 20 kilometres from Carnuntum, was completely excavated between 1988 and 2002 by a team led by Falko Daim, who is now General Director of the Roman-German Central Museum of Mainz, with the financial backing of the Austrian Science Fund FWF and the Austrian state of Burgenland. All in all, more than 10,000 individual finds were assessed, most notably pieces of glass, shards of ceramic and metal finds. The gold amulet, whose inscription was incomprehensible at first, was only discovered in 2006 by Nives Doneus from the Institute for Prehistory and Early History of the University of Vienna.
The inscription on the amulet is a Jewish prayer is:
Hear, O Israel! The Lord is our God, the Lord is one.Greek script, Hebrew language
Greek is common with amulet inscriptions, although Latin and Hebrew and amulet inscriptions are known. In this case, the scribe's hand is definitely familiar with Greek. However, the inscription is Greek in appearance only, for the text itself is nothing other than a Greek transcription of the common Jewish prayer from the Old Testament (Deuteronomy, 6:4): "Hear, O Israel! The Lord is our God, the Lord is one."
Amulet to protect against demons
Other non-Jewish amulets have been found in Carnuntum. One gold- and three silver-plated amulets with magical texts were found in a stone sarcophagus unearthed west of the camp of the Roman legion, including one beseeching Artemis to intervene against the migraine demon, Antaura. Amulets have also been found in Vindobona and the Hungarian part of Pannonia. What is different about the Halbturn gold amulet is its Jewish inscription. It uses the confession to the center of Jewish faith and not magic formulae.The gold-plated artefact from Halbturn can be viewed from 11 April 2008 onwards as part of the "The Amber Road â Evolution of a Trade Route" exhibition in the Burgenland State Museum in Eisenstadt.
Adapted from materials provided by University of Vienna.
Jews, Jews, everywhere, and not a drop to drink!
—The Web Guy
March 27, 2008 | 12:33 pm
Posted by Jay Firestone
Purim may be over, but the holiday is most likely still in our systems. For me, the Purim hangover is never easy. My body aches thanks to several consecutive sets of hora dancing. My stomach aches from an overdose of flour, eggs and raspberry preservatives. But most of all my head is throbbing â the result of listening to the megillah-reading, while seated adjacent to many annoying children armed with groggers.
Itâs a hangover of the worst kindâ¦and Iâm not sure Torah can provide any comfort.
For a more detailed analysis I went to the one of the biggest parties in the city, The Wild Wild Westwood Purim Party hosted by the UCLA Chabad and neighboring collegiate Chabads, to find out how LA Jews were preparing themselves for what is likely to be a very brutal bokar.
A shocking discovery, it seems as though UCLA has a mysteriously large number of students who are âof age.â And none of them seemed to care about feeling sick the next morning.
Thatâs how I knew that many of them were under 21.
Because as someone whoâs been âlegalâ for the past 2 years, its virtually impossible to drink without the ensuing repercussions. It seems that my search for a remedy to the holiday sickness will remain unanswered.
A week later, my body, stomach and head still hurt. I need a severe detoxâ¦a break from regular food and beverage. Maybe a four-cup minimum for by alcohol consumptionâ¦thank god for Passover.
March 25, 2008 | 10:19 pm
Posted by JewishJournal.com
CAPTION: A series of cartoons in the America volume of âFar Country, Neighbor Countryâ saying the reason Arab terrorists hate the U.S. and carried out the Sept. 11, 2001 attack is because âJews use money and public discussion as weapons to make WASPs do what they want.â
Jewish Journal World Headquarters, located in twin office blocks on Wilshire Boulevard in Los Angeles 's KoreaTown, is a shifting mosaic of ethnicities and lifestyles—the Mexican taco truck out front, Korean banks and Realtors, a minyan on the 12th floor, here a latte, here some kimchee, felafels and sushi, lawyers and traders, cube farmers in regalia, and all the smokers clenched outside, like shunned weasels.
What do the Korean bank people on our floor think of us? Most of the Koreans that come here are Christians, and we are truly exotic to them. I always smile at the bank reception lady and once I brought them some mis-delivered mail. She smiles back.
I hope they don't learn about the Jews from a top-selling series of comic books meant to teach world history to Korean kids.
A South Korean comic book has been defined as anti-Semitic in a U.S. State Department report. The book is from a series called "Distant Countries and Neighboring Countries" and is about the U.S.
In a report on contemporary global anti-semitism submitted to the U.S. Congress on Saturday, the State Department said the book "recycles various Jewish conspiracy theories, such as Jewish control of the media, Jews profiting from war, and Jews causing the September 11, 2001 World Trade Center attacks."
The series, written by Rhie Won-bok, a professor at Duksung Women's University, was designed to teach youngsters the history and culture of other countries in comic book format. The "best-selling" children's book series sold more than 10 million Korean-language copies, according to the report.
The report cited two examples of anti-Semitism in the book. One comic strip shows a newspaper, a magazine, a television, and a radio, each with a Star of David, and is captioned, "In a word, American public debate belongs to the Jews, and it's no exaggeration to say that [U.S. media] are the voices of the Jews."
Another strip shows a man climbing a hill and then facing a brick wall inscribed with a Star of David and a STOP sign. The caption reads, "The final obstacle [to success] is always a fortress called Jews."
The author later acknowledged his mistake and pledged to write "in a more responsible way," the report said.
Yikes! Koreans in Korea hate Jews? Did they ever meet any Jews?
The community here in KTown has reached out to us and vice-versa.
It's hard to hate people you know.
-- The Web Guy
March 24, 2008 | 12:33 am
Posted by JewishJournal.com
An Israeli government task force headed by Cabinet Secretary Oved Yehezkel is looking at new paradigms in Israel-Diaspora relations.
One plan floated at a recent meeting, according to Haaretz, is for a government-funded central Web site meant to serve as a worldwide Jewish portal. This is exactly wrong.
Thankfully, not everyone at the meeting drank the koolaid.
"There's no chance that this project gets off the ground," said one of the participants in the meeting who wished to remain anonymous. "This idea is too pretentious and it goes against the entire nature of the internet. If this will be a site devoted to government hasbara, people will treat it as such and it won't be popular. If this will be a site that provides surfers with the freedom to exchange opinions and publish material, there will be a lot of things that the government and the Jewish organizations won't be able to live with, and they will need to use a censor."
Anonymous knows the Web, or at least reads this blog.
Such policy needs to be changed. Websites funded with taxpayer or community money not only have a responsibility to provide decent resources but also a responsibility to link to, share resources with, and assist others. They must become the hubs of the virtual community, and regardless of their real-world importance, online they must re-earn their credentials though cooperation with the community. A new initiative in policy planning for the Jewish community is needed.
The only unified approach that can possibly work is sharing resources, sharing servers, sharing admins, etc., like a little hasbara community garden, where people could grow their own sites, without top-down supervision.
The strength of the Internet is its two-way nature; it's a read/write medium. As I've said before, it's the uploads, stupid.
But listen to another task force member quoted in the article:
Moti Friedman, the director of the Herzl Museum who also developed Web sites for the Jewish Agency and was one of the officials who sat in on the meeting, said he believes the project is practical.
"It fulfills a need that is there," Friedman said. "People want a place on the internet that they can interact with Jews from around the world and where they can find "high quality" work by Jewish artists, instantly. [They want a] place where it would be possible to read articles by A.B. Yehoshua, Elie Wiesel, and Bernard-Henri Levy."
I don't know the color of the sky on Moti's planet, but here on Terra (we like to call it olam hazeh), where the sky is blue, his idea of what readers want bears little relation to reality, and I have the logs to prove it.
—The Web Guy
March 23, 2008 | 6:22 pm
Posted by JewishJournal.com
As Osama al-Nabi threatens the Pope, Benedict XVI steps up and baptizes Italy's most prominent Muslim in special Easter ceremonies despite the threats.
As the same death-worshipping mobs threaten mayhem because of a Danish movie no one has seen, the film's Web hosting company takes the film's Web site off line "while Network Solutions [the host] is investigating whether the site's content is in violation of the Network Solutions Acceptable Use Policy."
Thank God The Vatican doesn't depend on NetSol.
As for the rest of us, we have nothing to fear but fear itself.
—The Web Guy
March 18, 2008 | 9:31 pm
Posted by The Web Guy
Just found this online.
Online Antisemitism 2.0. "Social Antisemitism" on the "Social Web" by
Andre Oboler:
Around 2004, changes in technology created Web 2.0.[1] As technology adapted, so did online antisemitism. With the new "social web" came a new "social antisemitism." This Antisemitism 2.0 is the use of online social networking and content collaboration to share demonization, conspiracy theories, Holocaust denial, and classical antisemitic motifs with a view to creating social acceptability for such content.
This phenomenon is spreading antisemitism and acceptability of antisemitism in new and increasingly effective ways. Social pressures are key to understanding Antisemitism 2.0, which is a combination of the technology and the emerging social environment.
The main threat posed by Web 2.0 to the Jewish people and their supporters is the creation of a culture where antisemitism has social acceptability, particularly among young people, resulting in the lowering of resistance and the establishment of hate networks.
To challenge Antisemitism 2.0, the Jewish community must as a strategy begin to engage online as an online community made up of individuals and organizations. The community has the talent to combat antisemitism online, but only if it is recognized, trained, funded, and given a shared sense of ownership in the fight against this newest manifestation of antisemitism.
After a lot of stuff you're familiar with if you're reading me here, he says:
How can the community more effectively combat online antisemitism and particularly Antisemitism 2.0? The primary requirement of any successful strategy is that it be communitywide and community based. A strategy of cooperation between organizations and individuals is needed, along with an infrastructure to facilitate such cooperation. As the Jewish sage Hillel said two thousand years ago, "Do not separate yourself from the community; and do not trust in yourself until the day of your death."[49] Both organizations and individuals need to take this into account, as any attempt-by either individuals or organizations-to assert dominance or authority is doomed to fail in a Web 2.0 world.
Zionism on the Web, an organization run through voluntary effort and with a zero budget, is able to compete with the likes of Wikipedia for rankings and prominence in Google and is often able to outrank sites such as the Israeli Foreign Ministry or the Jewish Agency. This is largely because policy prevents those large organizations from taking the "community approach."
Such policy needs to be changed. Websites funded with taxpayer or community money not only have a responsibility to provide decent resources but also a responsibility to link to, share resources with, and assist others. They must become the hubs of the virtual community, and regardless of their real-world importance, online they must re-earn their credentials though cooperation with the community. A new initiative in policy planning for the Jewish community is needed.
We make our little stand online here at JewishJournal.com and on YouTube.
How about you? Anyone linking up these P2P hasbara efforts? Funding them? Recognizing them?
—The Web Guy
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December 8, 2012
Ryan Bartow TigerIllustrated.com
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WASHINGTON (AP) — Scientists will be testing therapies that could protect people who are susceptible to Alzheimer's disease but are not yet showing symptoms of dementia.
One international study announced Tuesday will track whether an experimental drug can stall the disease in people who appear healthy but are genetically destined to get a type of Alzheimer's that runs in the family. If so, the results could be evidence that regular Alzheimer's is also preventable.
A second study will test whether a nasal spray that sends insulin to the brain helps people with very early memory problems, based on separate research linking diabetes to an increased risk of Alzheimer's.
Researchers note that Alzheimer's starts ravaging the brain at least a decade before memory problems appear.
"Once the train leaves the station of degeneration, it might be too late to stop it," Dr. Reisa Sperling of Harvard Medical School said. "We need to define the critical window for intervention."
Already, 5.4 million Americans have Alzheimer's or related dementias. Barring a research breakthrough, those numbers will jump by 2050, when up to 16 million Americans are projected to have Alzheimer's.
There is no cure, and the five medications available today only temporarily ease some symptoms. Finding better ones has been a disappointing slog: Over the last decade, 10 drugs that initially seemed promising failed in late-stage testing, Sperling said.
Moreover, scientists still don't know exactly what causes Alzheimer's. The chief suspects are a sticky gunk called beta-amyloid, which makes up the disease's hallmark brain plaques, and tangles of a protein named tau that clogs dying brain cells. One theory: Amyloid may kick off the disease while tau speeds up the brain destruction.
Previous studies of anti-amyloid drugs have failed, but that new international study will test a different one, in a different way: About 300 people from a huge extended family in Colombia who share a gene mutation that triggers Alzheimer's in their 40s will test an experimental drug, Genentech's crenezumab, to see if it delays onset of symptoms. The study also will include some Americans who inherit Alzheimer's causing gene mutations.


text:
The open layout and black-and-white color scheme gives this kitchen the elegance of an old Hollywood movie. Minimizing the use of upper cabinets makes room for windows on two sides of the room and allows a mosaic tile backsplash made of white stone and glass to decorate the cooking wall. The only upper cabinets sit on either side of the cooktop. They come down all the way to the counter, creating a more traditional look that resembles furniture. The black kitchen island makes up for any lost work space, and the dramatic Calacatta marble pattern of the laminate countertop adds posh environment. Olive-hued paint and beige tile floors bring in subtle neutral colors and warmth that keeps the kitchen from feeling too harsh.
Parker House Door
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The Boys & Girl From County Clare
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British filmmaker John Irvin directs the musical comedy drama The Boys From County Clare. Set in the late '60s, the story involves a pair of rival brothers reuniting for the All-Ireland Traditional Music Competition in County Clare, Ireland. As defending champion John Joe (Bernard Hill) gets his local Celtic band ready to compete, his estranged brother, Jimmy (Colm Meaney), blows into town from Liverpool with his own band. John Joe's pianist, Maisie (Charlotte Bradley), isn't happy to see Jimmy, who had left her years ago to raise their daughter, Anne, all by herself. Now the town's star fiddle player, Anne (Andrea Corr of the Irish pop group the Corrs) goes against her mother's wishes in order to seek romance with Jimmy's flute player Teddy (Shaun Evans). The Boys From County Clare was shown at the 2003 Toronto Film Festival. ~ Andrea LeVasseur, Rovi
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Quest For Camelot
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For this feature-length foray into Arthurian animation, screenwriters Kirk DeMicco (A Day in November), William Schifrin (Townies), Jacqueline Feather (Dancing in the Dark), and David Seidler (Tucker, Dancing in the Dark) adapted The King's Damosel (1976) by British novelist Vera Chapman. The 85-minute tale follows independent, strong-willed Kayley (Jessalyn Gilsig voice, with the singing of Andrea Corr), who hopes to follow the path of her late father, Sir Lionel (Gabriel Byrne), a brave Knight of the Round Table who died defending his king against the evil Ruber (Gary Oldman). Some years later, when Ruber is joined by sidekick Griffin (Bronson Pinchot), the two manage to acquire and then lose Excalibur, the legendary magic sword of King Arthur (Pierce Brosnan with Steve Perry singing). Preparatory to his invasion of Camelot, Ruber first kidnaps Kayley and her widowed mother, Lady Juliana (Jane Seymour, Celine Dion singing). Making an escape, Kayley travels through the haunted Forbidden Forest, where she meets Garrett (Cary Elwes, Bryan White singing), a bitter blind man assisted by his silver-winged, seeing-eye falcon, Ayden. Once King Arthur's stable boy, Garrett dreamed of becoming a knight, but after he was blinded by a fire, he ran away to live in the Forbidden Forest. When Garrett learns Kayley is the daughter of the knight who trained him to fight, he agrees to help Kayley search for Excalibur. Falling in love with Kayley, Garrett soon finds the courage to start anew. With the blessing of Merlin (Sir John Gielgud), the couple sets out to save Camelot. Along the way, they meet the two-headed dragon, Devon (Eric Idle) and Cornwall (Don Rickles), a dragon duo delivering dotty dialogue replete with riotous riffs and cinematic references (to such films as Dirty Harry and Taxi Driver). Yet another supporting character is Bladebeak, a cutting-edge hybrid possibly fashioned to illustrate the axiom, "Don't count your chickens before they're a hatchet." Following the live-action/animation combo of Space Jam, this is the first fully animated feature from the L.A.-based Warner Brothers Feature Animation unit, and the film began production May 26, 1995 in L.A., expanding operations February 11, 1996 with a sister studio in London: a 20,000-square-foot facility in London's Covent Garden district. The new UK unit shared production duties on Quest for Camelot, receiving storyboards from L.A., animating with both computers and traditional techniques, and digitally transmitting completed art back to L.A. for ink and paint. At the London WBFA studio, John McKenna (previously head exec of the London City Ballet and Disney's London studio manager) initially supervised a staff of 73 (including 50 artists from the British animation talent pool) that expanded to 350. The film eventually employed over 600 staffers as it ran through a variety of working titles (The Quest for the Grail, The Quest, The Quest for Camelot). Songs by Grammy-winners David Foster and Carole Bayer Sager include On My Father's Wings, (Kayley), I Stand All Alone (Garrett), The Prayer (Juliana), and If I Didn't Have You (Devon, Cornwall). The director of Quest for Camelot is Frederik Du Chau, who attended film school in his native Belgium, entered the industry via commercials and TV series, worked for Disney France, made his own animated short (The Mystery of the Land), drew Disney projects at Baer Animation, co-directed for Sony Wonder, directed The Land Before Time 3, joined Chuck Jones Productions, and was developing his own animated project for Warner Bros. when he was asked to direct Quest for Camelot. ~ Bhob Stewart, Rovi
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The Commitments
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"The Irish are the blacks of Europe, Dubliners are the blacks of Ireland, and the North Siders are the blacks of Dublin ... so say it loud -- I'm black and I'm proud!" Or so Jimmy Rabbitte (Robert Arkins) tells his slightly puzzled friends as he tries to assemble a rhythm & blues show band in a working class community in Dublin in Alan Parker's film The Commitments. Jimmy is a would-be music business wheeler and dealer, and he's decided what Dublin needs is a top-shelf soul band. However, top-shelf soul musicians are hard to find in Dublin, so he has to make do with what he can find. However, after a long round of auditions, Jimmy makes two inspired discoveries: Deco (Andrew Strong), an abrasive and alcoholic streetcar conductor who nevertheless has a voice like the risen ghost of Otis Redding, and Joey "The Lips" Fagan (Johnny Murphy), a horn player who knows soul music backwards and forwards and claims to have played with everyone from Wilson Pickett to Elvis Presley. Before long, the band -- called the Commitments -- is packing them in at local clubs. But do they have what it takes to make the big time? Based on the novel by Roddy Doyle, who also co-wrote the screenplay, The Commitments is sparked by fine performances by its young cast and enthusiastic performances of a number of '60s soul classics; the cast, who play their own instruments, reassembled the band for a concert tour after the film became a hit. ~ Mark Deming, Rovi
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That's all from us here at Markets Live for Tuesday, we'll be back bright and early tomorrow morning.
Tomorrow will be a big day for earnings with CBA, CSL, Computershare, Goodman Fielder, Leighton Holdings, Oz Minerals, Primary Health Care, Southern Cross Media and WorleyParsons reporting, among others.
Mizuho Financial has approached ANZ to buy its 39.2 per cent stake in PT Bank Pan Indonesia (Panin) valued around $570 million, sources told Reuters, as the Japanese bank seeks to step up its Southeast Asian expansion.
Mizuho, Japan's second-biggest bank by assets, made the approach to ANZ last month and the discussions are at an early stage, one of the sources told Reuters. It was unclear whether the talks would result in a transaction.
The discussions come as Mizuho tries to build its footprint in Southeast Asia, where it lags its Japanese rivals in expanding in the fast-growing region. ANZ chief executive Mike Smith said previously that he would be open to selling some Asian bank stakes in the wake of new capital rules proposed by Australian regulators.
ANZ has been the most aggressive of Australia's top four banks to push into Asia, investing in 15 countries in the region from Malaysia to China. Many of ANZ's Asian bank stakes are minority holdings and it therefore would be required to hold more capital under Australia's proposed regulations.
It was a good day for blue chip stock holders:
- Rio: +1.3%
- Westpac: +0.3%
- Fortescue: +0.2%
- Woolworths: +0.9%
- Wesfarmers: +1.2%
- Telstra: +0.2%
Here's how the sectors performed:
- Consumer staples: +1%
- Energy: +1%
- Financials: +0.8%
- Industrials: +1.8%
- Materials: +0.9%
- Health: +2.9%
The market has finished higher, with the benchmark S&P/ASX200 jumping 49 points, or 1 per cent, to 5157.7. The broader All Ords rose 47.8 points, or 0.9 per cent, to 5141.6.
Ford says its committed to Australia after a multi-million dollar launch of its new line of cars.
The company, which recently announced it will close its Australian factories in 2016, revealed its new line up at an extravagant presentation on Tuesday at Sydney's Fox Studios.
Ford Australia and New Zealand CEO Bob Graziano said the launch was to demonstrate the company's commitment to the two countries.
''What we've tried to do is demonstrate the commitment and the level of investment that we've made in Australia over the last six years,'' Mr Graziano said.
Ford's decision to end its Australian manufacturing operations will mean the closure of two plants in Victoria and the loss of 1200 jobs.
But Mr Graziano said that about 1100 Ford engineers will continue to work in Australia in its product development centres in 2016 and beyond.
Many online shoppers will continue to buy from overseas retailers despite the Australian dollar's recent fall.
Just over 80 per cent of Australians have bought goods online from overseas, and 48 per cent say they will not alter their buying habits because of the weaker exchange rate, according to a survey of 1,000 Australians commissioned by non-bank lender Aussie.
The Australian dollar has lost more than 14 US cents since April, making imported goods dearer.
The Aussie currently sits between 91 and 92 US cents, after spending much of the last two years above parity with the US dollar, peaking in July 2011 above 110 US cents.
''It is interesting to see that the falling dollar has not perturbed too many shoppers,'' Aussie consumer finance products senior manager Liam Janke said.
''We recently ran a Facebook promotion to find Australia's smartest online shopper, and were surprised at the disparity in pricing between overseas and Australian sites and also between the overseas sites themselves.''
Mr Janke said the price of goods bought online can still be roughly half of that of goods bought instore.
China is set to overtake the United States as the world's largest net oil importer from October.
Next year, China's net oil imports will exceed those of the United States on an annual basis and the gap between them will continue to widen, the US Energy Information Administration (EIA) said.
China is already the biggest energy user in the world and the second-largest oil consumer after the United States.
The shift has been driven by steady growth in Chinese demand, increased oil production in the United States, and stagnant or weakening demand in the US market, the EIA said in a report today.
US annual oil output is expected to rise 28 per cent between 2011 and 2014 to nearly 13 million barrels per day, while Chinese production is forecast to grow by six per cent over the period, and will stand at just a third of US production in 2014, the EIA said.
The Commonwealth Bank is facing stiff competition to keep its top spot as the ASX200's most valuable company in terms of market capitalisation.
The recent good run on the market has been largely pushed by the mining sector, and BHP is charging to reclaim its title at no.1.
BHP shares have surged 14.6 per cent since the start of May, while CBA has lagged behind, adding just 2 per cent.
CBA's market cap is now around $120.2 billion, with BHP's local listing nipping at its heels at $118.1 billion. (BHP is a dual-listed company – combining its Australian and London market caps it is worth $189.4 billion)
Much of BHP's rise has been attributed to a jump in metal prices, especially iron ore.
Iron ore has defied many analysts' expectations of a slip under $US100 per tonne in the September quarter. Since May, it has picked up off a low of $US110.40 per tonne and is now holding strong at $US138.70.
Below you can see BHP has far outperformed CBA and the rest of the ASX200 since the beginning of May.
BHP v CBA v ASX200.
The dull chief executive is emerging in banking, the Wall Street Journal writes:
Out of the ashes of the financial crisis, a new breed of banking leader is rising: the dull chief executive.
Large banks, burned by years of scandal, often with swashbuckling CEOs at the helm, are turning to new bosses who sport well-polished veneers of boringness. The goal is to avoid further controversy.
Royal Bank of Scotland Group this month became the latest lender to subscribe to this strategy. The bank, 81%-owned by the U.K. government, replaced its CEO Stephen Hester with a little-known New Zealand-born retail banker, Ross McEwan.
By picking a low-key insider, RBS followed Barclays, Citigroup and Deutsche Bank. All three moved away from the mold of banking chiefs who were perceived as aloof and all-too-eager to clash with regulators, politicians and their own board members.
"Humility and high levels of self-awareness are now desirable," says Jamie Maxwell-Grant, a consultant at recruiter Korn/Ferry International who oversees a battery of psychometric tests that the headhunter administers to would-be chiefs of top banks. "Five years ago they were not necessarily sought-after attributes."
In case you missed this one earlier, it's quite amazing.
Being fired is unpleasant when done compassionately. But imagine getting the sack in front of an audience of about 1000 colleagues.
That's what happened to an employee at AOL, when the company's chief executive, Tim Armstrong, lost his cool during a major conference call.
Mr Armstrong was reportedly not pleased about the employee taking his photo. So, in a snap decision, he fired him.
What Tim said: 'Abel, you're fired. Out!'
Listen to Tim Armstrong, chief executive of US media giant AOL, fire an employee for allegedly taking a photo of him during a conference call with thousands of people.
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Here's a quick look at how markets around the region are performing:
- Nikkei: +1.7%
- Shanghai: flat
- Taiwan: +0.8%
- South Korea: +1.1%
- Singapore: +0.3%
- New Zealand: +0.1%
Australian banks' credit ratings would be cut by up to two notches and house prices would fall by as much as 25 per cent if China's economy were to slow sharply, Standard & Poor's says.
In a new report assessing how Australia's financial system would respond to a "hard landing" in China, the credit rating agency S&P says a dramatic slowing in Asia's growth engine would have severe ripple effects for the domestic economy.
It sees a hard landing – where growth slows from about 7.5 per cent now to 5 per cent – as unlikely, attaching only a 5 per cent probability to this scenario occurring.
If growth did slow this sharply, however, it says Australian banks would face credit rating cuts because of their heavy exposure to the domestic economy and the $1.2 trillion mortgage market.
So what's really troubling Joe Hockey's belief system and delaying the release of election policy costings – Treasury's estimates or internal Coalition differences on the policies to be priced? Michael Pascoe asks:
The Coalition has had Treasury's best fiscal guess for 11 days now. As everyone knew, the official PEFO numbers are virtually the same as those used in the Economic Statement on August 2. A difference of $9 million in the forecast 2014-15 deficit is less than a makeover for a marginal electorate's rugby league or AFL ground.
Hockey was getting his denial in early when he declared he didn't believe the ES figures and, therefore, he can't believe the PEFO figures either. If the man who would be Treasurer doesn't believe his department's best efforts, one might assume his first big slash at the Canberra public service will be to sack the entire Treasury and put government bean-counting out to tender – departmental secretaries come much cheaper in Mumbai.
While the PEFO numbers are apparently not to be believed, education spokesman Christopher Pyne said last night that Joe Hockey and finance spokesman Andrew Robb would consider the numbers and subsequently release their costings "in plenty of time" – but they've effectively been looking at those numbers for the better part of two weeks and looking won't make the arithmetic change.
Some more on CSL, whose 3 per cent rally is helping keep the ASX above water.
The Melbourne company is set to release its earning report tomorrow, which is expected to reveal a 20 per cent rise in net profit after tax.
CIMB Securities analyst Derek Jellinek says while that number is strong, he doesn't think that's driving up the company's stock:
- Expectations as far as CSL is concerned is double digit growing. I mean it's not really a shocking surprise.
- Gains are more likely due to health stocks being heavily sold off in the past few trading sessions, with CSL coming off losses of 1.2 per cent on Monday, and 1 per cent on Friday.
- They are all catching up a bit. Primary is up 5 per cent, Ramsay is up 1.5 per cent, Ansell is up 1 per cent.
Despite investors expecting a strong result, Jellinek expects a tougher year ahead for CSL. He says the company is likely to face increased competition from Baxter which is set to fully come back on line in the blood plasma market:
- [CSL has] a good solid cash flow, they have double digits earnings growth, you have had Baxter out of the market due to capacity constraints, which have given them an uplift, so they are taking more share, which is good.
- But it's going to be getting harder for them. I mean, fiscal 14 we are all looking for double digit growth, but its low, it's 10 to 12 [per cent]. They can't keep cycling 20 per cent growth, and Baxter is coming back on line.
- They have high hurdles in front of them, but they are a good operator.
Australian shares have shaken off their slow start, buoyed by a better-than-expected earnings season so far, with CSL shares and the big banks underpinning the market.
The ASX200 has bounced back strongly from a trough of 4632.3 points hit on June 25, but worries about slowing growth in China and uncertainty about the US Federal Reserve's stimulus program have been weighing on investors.
"The reporting season is driving the market at the moment, rather than overseas leads, and mostly they're exceeding expectations," says Michael Heffernan, senior client adviser and economist at broker Lonsec.
Earnings from major companies have been relatively close to expectations so far, but the market will continue to monitor reports from bluechips including Commonwealth Bank and Wesfarmers which are all due to report later this week, for cues on domestic growth.
Blood products maker CSL is up 3 per cent as analysts say investors are expecting a strong result and are positioning themselves ahead of the earnings report due tomorrow.
Westpac, National Australia Bank and Macquarie are among banks that made preliminary bids for Lloyds Banking's Australian assets, two people with knowledge of the matter said.
The indicative offers for Lloyds International, which includes its Capital Finance and BOS International units, were due yesterday and the sale may fetch more than $1 billion, said the people, asking not to be identified because the details are private.
Britain's biggest mortgage lender, part-owned by the UK government, is off-loading assets it no longer considers essential as it shrinks its balance sheet after a government bailout in 2008. Lloyds said on June 20 it was making ''significant progress'' in strengthening its capital position. European banks are bolstering their balance sheets through asset sales as they try to meet stricter capital rules.
BP is suing the US government over a decision to bar the oil giant from getting new federal contracts to supply fuel and other services after the company pleaded guilty to manslaughter and other criminal charges related to the 2010 Gulf of Mexico oil spill.
BP is seeking an injunction that would lift an order by the Environmental Protection Agency that suspends the company from such contracts.
The Houston Chronicle reported overnight that the suspension by the EPA was first issued in November 2012 and it only affects new federal contracts.
The company was ineligible for new contracts worth up to $US1.9 billion ($2.09 billion) to provide fuel to the federal government this year because of the suspension. BP has been a major supplier of fuel to the US military.
The newspaper reported the company said in court papers filed in Houston federal court that the EPA's decision to suspend the company from such contracts and its continued enforcement of that order is arbitrary, capricious and ''an abuse of discretion''.
Ross Gittins on country life versus city life:
Gittins: Country versus City
The Ipsos research firm's latest Mind and Mood report has tried to measure the differing conditions and problems in the country compared to the city.
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Business confidence has fallen to an eight-month-low and business conditions remain weak despite the decline in the Australian dollar and falling interest rates, a monthly survey has found.
Confidence among firms was pulled down to their lowest level since November by weakness in business activity and profitability, and was particularly poor in mining, the NAB's monthly business survey released today reported.
Retail was the only industry that reported a lift in confidence, following improved July sales figures.
The softness in the economic indicators pointed to further signs that Australia's growth was "grinding lower", NAB said.
"We see GDP growth softening to 2.2 per cent in 2013, before rising to 2.6 per cent in 2014, and a significant deterioration in the labour market is expected this year (unemployment above 6 per cent and next. Our forecasts have been revised a touch lower – with downside risks building."
Australia's plans to boost borrowings to a record to cover a budget blowout are being backed by demand from investors that drove yields to an all-time low at auction.
The government sold $700 million of 2015 notes on August 9 at 2.4218 per cent, the least ever in data from the Australian Office of Financial Management that stretch back to 1982. The auction was held four days after the Canberra-based AOFM projected it will sell $60 billion of bonds in the 12 months ending June 30, the most ever for a fiscal year.
Lower borrowing costs will help whoever wins next month's elections meet pledges to return the budget to surplus, with Prime Minister Kevin Rudd trailing opposition leader Tony Abbott in opinion polls. Australian bonds have delivered the only gains this year among 11 top-rated sovereign markets after the Reserve Bank cut interest rates to a record low to help the economy cope with the end of a record mining boom.
''There is still demand out there for Australian government paper,'' said Sally Auld, an interest-rate strategist at JPMorgan Chase. ''Our fiscal metrics still look pretty solid. Given the uncertainty in the macro economy here, it's probably going to be a little bit difficult for borrowing costs to rise significantly.''
Stockland is to sell its strategic 14.9 per cent stake in retirement rival, FKP Property, with the cash of about $475 million, to be used for new developments across the business, including the residential communities.
Stockland bought an initial 5 per cent interest in FKP in October 2008 for about $2 a share, but after a serises of capital raisings from both companies over the years, the shares held were now 322 million.
FKP is trading at $1.50 and last week said it was planning to divest its other commercial and development assets to focus on being a ''pure play'' retirement owner and operator.
The news was made today at a briefing by the Stockland chief executive Mark Steinert when he delivered the group's full year result.
The property developer has seen its net profit fall almost 80 per cent due in part to weakness in the housing market and a major writedown.
Gold has taken a breather after a steep rise, but is still trading near three week highs.
The recent rally has stemmed from the release of strong Chinese factory data on Friday which pushed up metals prices, St George Bank economist Janu Chan said.
Spot gold eased 0.2 per cent to $US1332.56 an ounce in early trade, not far from a three-week high of $US1,343.06.
Macquarie Bank analysts said solid consumer demand in the Asian power house had also supported gold.
''There's no stopping the Chinese shopping when it comes to gold jewellery, July's government data shows,'' Macquarie said in a research note.
''Although down from April's peak, adjusting for seasonal patterns demand is firm at a much higher level than a year ago. This is very supportive for the gold price.''
But Macquarie division director Martin Lakos said he didn't see the beginnings of another gold rush.
''It's obviously had a bit of a rebound, but we're not all that positive about the short-term outlook for gold,'' Mr Lakos said.
''If you extrapolate a little bit out, the markets are looking at QE tapering in the US. If there is a perception that US bond rates are going to rise modestly, that's going to add support for the US dollar. That's not positive for gold.
''I'm certainly not taking away the positive, it's oversold, it could rally a bit from here. But a $US20 move on a $US1300 price is not a pretty big move. If it was to rally and sustain a rally of another $US100-$US150, that's 10 per cent, you'd be having a look at that definitely. And with QE and inflation, all the right reasons for being in gold have dissipated at the moment.
Financial services rather than mining is likely to be where most of Australia's rich will earn their wealth over the next five years.
Oliver Williams, an analyst with WealthInsight, said financial services is becoming the new bastion for Australia's wealthy.
"Although Australia's established multimillionaires, such as Gina Rinehart and Clive Palmer, still have large stakes in the mining sector, most of the country's emerging millionaires are profiting from financial services."
WealthInsight estimates that by 2017 there will be 402,000 millionaires in Australia, a 33 per cent increase on 2012. The majority of these 100,000 new millionaires will earn their wealth from financial services.
At the end of 2012 there were 302,000 millionaires in Australia, defined as those with net wealth of at least US$1 million excluding their primary residences. They collectively hold US$900 billion, or 15.5 per cent of the total individual wealth in Australia. The number of multimillionaires, defined as those with more than US$30 million, is estimated at 2,740 in 2012.
Up to 100 new jobs will be created with Jetstar maintenance and training facilities for the Boeing 787 Dreamliner to be based in Melbourne.
A 787 flight simulator is among equipment that will be installed at the Qantas Group's Airport West training centre as part of a $100 million investment.
The first 787 will be delivered by the end of September. Qantas CEO Alan Joyce said Victoria had beaten other states to win the new facility.
Some of the $100 million has been contributed by the state government, but Victorian Premier Denis Napthine would not reveal the government contribution.
Mr Joyce said the jobs will include crew trainers, simulator instructors and engineers and will be highly paid and highly skilled, he said.
Here's a look at Roy Morgan Research's monthly business and consumer confidence figures for July, ahead of NAB's business survey release at 11.30am.
There's some good news in the survey for business, with confidence among the 2681 firms interviewed rising for the first time in fourth months. The index rose to 117.3 in July from 112.7 in June and 113.8 in May.
Roy Morgan's communications director Norman Morris said there were a few factors that underpinned the lift in business confidence:
- an increase of 5.2% in the ASX 200 over the month
- the end of the government wrangling with the electing of Kevin Rudd as PM
- the abolition of the carbon tax
- the continual decline in the value of Australian dollar
Consumer confidence also rose, from 114.6 in June to 116.2 in July.
The report found that the finance and insurance sectors was the most confident, followed by the education and training sectors and the information media and telecommunications industries.
The manufacturing and construction industry registered below average confidence levels, while the retail sector - which has struggled with cautious consumers saving rather than spending - declined to its lowest level for the year.
One sacred and immutable law of business journalism is to bear in mind that nobody ever thought they were paid too much, writes BusinessDay's Michael West.
This axiom, this universal truth, extends to perks, lurks and tax breaks, too. To be deprived of something you may not have deserved in the first place still hurts; even the talk of it rankles.
The sense of entitlement to middle-class welfare is precisely one of these things. Yesterday's story canvassed research from actuary Geoff Dunsford.
Dunsford had identified four ways in which middle-class retirees obtained a benefit from taxpayers; a benefit which was proportionately more generous for the executive than the clerk.
Amid the avalanche of hip-pocket response which thundered in, Dunsford's findings were hardly challenged in specific terms. Rather, it was this writer's apparent failure to recognise how executives contributed in other ways to society – and the conclusion that Australia may have the most generous middle-class welfare system in the world thanks to superannuation "reforms" – which were the subject of disgruntlement.
The independent Treasury and Finance department report on the state of the nation's finances has forecast a deficit of $30.1 billion for 2013-14 – the same figure as the federal government's Economic Statement released earlier this month.
The Pre-Election Economic and Fiscal Outlook, which is released as part of the Charter of Budget Honesty, also predicts a deficit of $24 billion deficit for 2014-15.
PEFO is slightly more optimistic about the forecast surplus in 2016-17 – the year Labor projects it will be back in black – putting the surplus at $4.2 billion as opposed to the $4 billion announced on August 2.
Changes to the underlying cash balance since the economic statement largely reflect updated assumptions of a slightly lower exchange rate, a higher European carbon price and revised dividend estimates for government business enterprises.
The euro area is turning into more of a help than a hindrance for the world economy.
With data this week predicted to show the 17-nation bloc is growing again after an unprecedented six quarters of crisis- driven contraction, economists from Barclays Plc to JPMorgan Chase say such stabilization will restore the region as a prop, if not a powerhouse, for international demand and financial markets.
''We're not expecting a boom in Europe, but there is a momentum shift, and you're going to feel it in markets and the world economy,'' said Joseph Lupton, a senior global economist at JPMorgan Chase in New York who also has worked at the Federal Reserve. ''There's a change in perception from when people didn't see a way out of the crisis to now seeing growth.''
Lupton estimates the euro area accounts for a fifth of global gross domestic product, so a one per centage point home- grown improvement in its economy this year will be enough to boost GDP growth elsewhere by 0.7 percentage point over four quarters.
That will offset the drag of China's slowdown, with likely winners including nearby trade partners such as the UK and eastern European nations, as well as Taiwan, Mexico and Brazil, according to JPMorgan Chase. It forecasts the euro-area economy will grow 1.3 per cent in 2014 after shrinking 0.5 per cent this year, with imports expanding 3.7 per cent after two years of declines.
Here's a quick glance at how the major reporting companies have done today:
- Domino's: Trading halt
- Bradken: +8.2%
- Stockland: -1.7%
Game over for shorts, Bell Potter's Charlie Aitken proclaims in reaction to yesterday's strong JB Hi-Fi results:
- One thing that is becoming more and more obvious is that shorters don't get everything right. In fact, like all of us, they get some things spectacularly wrong. Of the 3 large cap results yesterday, the best one came from the stock with the biggest open short position, JBH.
- There are occasions when you are reading a results presentation and you simply can't compute why the given company has a massive open short position. Yesterday was one of those occasions for me when reading the JB Hi-Fi FY13 results and FY14 outlook comments.
- The only conclusion I can come to is the short position is a stale one based on a previous global and local view of electronics segment price deflation. JBH's numbers and growth outlook confirm that is a stale view and the conditions are clearly in place for the JBH shorts to be squeezed even harder.
- Shorters do have the "Keyser Soze effect". Their mere presence makes rational investors and usually rational analysts question whether the shorters have information they don't.
- However, as time goes on and the stock in question keeps rising on fundamentals, more investors analysts come to the view "the shorts know nothing" and it becomes like and episode of "the Empire strikes back" as the world squeezes the shorts.
Japanese Prime Minister Shinzo Abe is considering a corporate tax cut as a way to offset the potential economic drag of a planned two-stage hike in the sales tax, the Nikkei economic daily reported on Tuesday, citing government sources.
The prime minister has called for a study on lowering the corporate tax rate, one of the highest in the industrial world, as a way of attracting foreign investment, they added.
Abe, who is wavering on whether to proceed with the scheduled tax hikes, has instructed the government to hold meetings with business leaders and academics later this month to assess the impact on the economy.
A decision on whether or not to raise the sales tax is due in September or October. Should Abe decide to proceed, he may propose a corporate tax as well, the sources said.
The Department of Treasury and Finance expects the federal budget deficit to be $30.1 billion in 2013/14, unchanged from the government's own forecast.
Here's the full report on the Treasury's website.
Here's how the sectors have started:
- Consumer staples: -0.2%
- Energy: -0.2%
- Materials: +0.4%
- Property trusts: -0.9%
- Financials: flat
The market has opened flat, with the benchmark S&P/ASX200 adding 3.9 points, or 0.1 per cent, to 5112.6. The broader All Ords is up just 3.8 points, or 0.1 per cent, to 5097.9.
This may not come as a surprise to some, but Australia is the most expensive country for international students at an average cost of $US38,000 per year, ahead of the US and the UK, a HSBC study has found.
The average cost is calculated through a combination of university fees and living costs. The US had costs of $US35,000 while the UK had costs of $US30,000.
But the authors of the study said that Australia continued to remain one of the most popular destinations for international students. Their numbers could also be boosted by the falling Australian dollar and improved visa processing, they said.
"While Australia's education sector has taken a hit in terms of overseas student numbers, the proportion of international students in Australia remains strong, indicating many are looking past the cost impact to other factors such as quality of life and education and proximity to home," HSBC's head of retail banking and wealth management in Australia, Graham Heunis.
The optimism from the US and the stabilisation for China has seen commodities prices steadily rising over the past weeks as demand for industrial metals, iron ore and energy rise. Overnight, China iron ore gained 4.2% to $US138.70 a metric tonne
The ASX has managed to buck global trends over this time and seen plain sailing in the north direction for the last eight weeks, driven by mining stocks, IG's Evan Lucas notes:
- The percentage point gains from the intraday lows tell the story; BHP 21.66%, RIO 24.95%, FMG 50.17%, NCM 36.75%, WPL 15.58% and STO 16.64%. The ASX from the same point has rallied 10.28% and is now up 9.89% year-to-date
- Having seen a massive 'confession season' over the May to June months, the second blessing for these stocks over the coming weeks of earnings season is that the confession season has lowered consensus estimates and pricing.
- The likes of BHP and FMG have seen underlying commodity estimates lowered to US$120 a tonne in the case of iron ore, with industrial metal estimates as much as 15% lower than current trading prices. This other major point analysts are concentrating on is cost cutting and consolidation.
- In the case of BHP, only three weeks ago it released its fourth quarter sales and production numbers that saw a record iron ore number. That, coupled with a year-to-date iron ore price of US$131 a tonne (an US$11 plus side difference), means that the current rally is banking on an upside surprise.
- This move in BHP has put it back within striking distance of CBA's market cap and the top position as the largest listed company on the ASX, which currently sits at $118 billion.
Remember Bitcoin?
A New York regulator has announced a probe into virtual currencies like Bitcoin, saying they could be used by drug traffickers and gun runners and threaten US national security.
As part of the probe, according to a person familiar with the matter, the New York Department of Financial Services has sent subpoenas seeking information assistance from 22 companies investing or trading in Bitcoins, an online currency not tied to any one country or regulator that exploded in popularity earlier this year.
The subpoenas included major venture capital groups as well as money exchange and transfer firms that have adopted the virtual currency.
Benjamin Lawsky, state superintendent of financial services, said in the announcement overnight that while the state had an interest in supporting innovation in the financial sector, it had to "ensure that consumers and our national security remain protected".
Property developer Stockland has seen its net profit fall almost 80 per cent due in part to weakness in the housing market and a major writedown.
Stockland made a net profit of $104.6 million for the 2012/13 financial year, a drop of 78.5 per cent on the previous year.
But that result was skewed by a $355 million writedown in the value of the company's residential book.Underlying profit, which excludes the writedown, was $494.8 million, a fall of 27 per cent on the previous year.
Stockland chief executive Mark Steinert said the company had focused on reducing costs during a tough year.
"This has been a challenging year and we have responded with a number of important strategic decisions that position our business for stronger future returns," he said in a statement.
"We significantly restructured the business to reduce costs and improve core processes and skill sharing."
Mr Steinert said the company continued to face difficult conditions due to weak consumer confidence.
"In Australia business confidence remains low and consumer spending is relatively soft as households continue to de-leverage," the company said in its statement.
"We expect consumer sentiment will remain relatively subdued, however we do anticipate continued moderate economic growth."
Domino's Pizza has reported a full-year profit of $28.7 million for the 12 months to June 30, a 6.4 per cent increase from the previous corresponding year.
The firm declared a fully franked final dividend of 15.4 cents per share, at 30 per cent corporate income tax.
Domino's Pizza has gone into a trading halt ahead of an announcement by the company. The trading halt will remain in place until the commencement of normal trading on Friday.
Analyst rating changes:
- Newcrest Mining cut to neutral at JPMorgan, cut to sell at Deutsche Bank
- UGL cut to hold at Deutsche Bank
- McMillan Shakespeare raised to buy at Citi
- Fletcher Building cut to neutral at Credit Suisse
- Michael Hill International cut to neutral at Macquarie
What you need to know for this morning:
- SPI futures are 7 points higher at 5067
- The $A is lower at 91.49 US cents
- In New York, the S&P500 was 0.12% lower at 1697.37
- In Europe, the FTSE100 lost 0.14% to 6574.34
- China iron ore gained 4.2% to $US138.70 a metric tonne
- Gold rose 1.8% to $US1338 an ounce
- WTI crude oil rose 2.43% to $US105.97 a barrel
- Reuters/Jefferies CRB index up 1% at 288.24
Good morning one and all! Welcome to the Markets Live blog for Tuesday.
Contributors: Max Mason, Jens Meyer
This blog is not intended as investment advice
BusinessDay with agencies


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pyjamas is a port of Google's GWT to Python. It provides a stand-alone python-to-javascript compiler, an AJAX framework and library and a Widget Set framework that looks very similar to Desktop widget sets such as pyqt4 and pygkt2. With pyjamas, rich media applications can be written entirely
Copyright © 2013 Black Duck Software, Inc. and its contributors, Some Rights Reserved. Unless otherwise marked, this work is licensed under a Creative Commons Attribution 3.0 Unported License . Ohloh ® and the Ohloh logo are trademarks of Black Duck Software, Inc. in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.


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27.1°FFeels like 27.1°FClear
Meadowlands Racing and Entertainment Opening November 23 2013
"Before and After" Art Exhibit at hob'art gallery November 1 – November 24, 2013
Hoboken Girl Hoboken Favorites of 2012
Hoboken Girl's Guide to Vegetarian Menu Options in Hoboken (Part II)
Christin's Morning Spoon: Carpe Diem in Hoboken
Photo of the Day- Pier 11 Sunset in New York City
Catching Fire Trivia at Hoboken Village Pourhouse November 19th 8pm
The Cuban Happy Hour Specials Monday through Friday 4-7pm and Saturday Sunday 3-6pm
Hudson Taven to Host Special "Guest" DJ – DJ Kurt This Friday and Saturday and Next Weekend as well – November 15,16, 22 and 23
Pre Fixe Options at Hoboken's Zylo Thanksgiving Novemebr 28, 2013
Hoboken Election Results – Mayor Dawn Zimmer and City Council Sweep – Kids First Sweeps BOE
Hoboken Shelter's Silent Auction at Teak December 4, 2013
Barsky Gallery Opens Its Private Gallery Space For Upcoming Holiday and Corporate Events in Hoboken
Election Day Information – Vote in Hoboken today!
Friends Trivia at Village Pourhouse Hoboken November 5th 8pm Hosted by Trivia AD
First Annual Baby Bazaar at the W Hotel in Hoboken, NJ November 3, 2013 10:30 am to 5:00 pm
Photo of the Day Hoboken Charter School Reopens – Rebuilt After Fire Last Year
Get Out The Vote Hoboken! – Justin Timberlake Weighs in Parody and Useful Voter Information
Hoboken Police Department Get new Vehicles and Uniforms
Hoboken Halloween Party Options on Halloween Day 10-31-2013
Fright Night Movies at Maxwell's in Hoboken Saturday November 2 8pm
Leading Hoboken Forward GOTV Rally Tonight 7-10pm for Mayor Zimmer and Team 10th and Willow
Edge Lofts in Hoboken Recieves LEED Platinum Certification – Congratulations
City of Hoboken: Progress Toward a More Resilient Future One Year After Hurricane Sandy
Help Rebuild Hoboken American Legion Post 107–Cocktail Party Benefit Sunday November 3rd 1-5pm
City of Hoboken Update on Sinatra Park and Dog Parks
Washington Street Shuffle – Poor Cat Designs Opens in Hoboken with Unique Jewelry Offerings
Chandelier Room Football Sundays in Hoboken – Doors Open at Noon


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yesterday I installed US 13.00.0.10. But I'm a bit disappointed about how US is working or maybe I expected something that US is not able/capable to provide:
- When storing a directory with text files in the locker, I'm still able to browse that directory using the windows explorer. The file contents is encrypted, but the directory, filenames and file types (i.e. extension) are still readable. I would have expected that access to everything inside the locker is restricted and that everything including directory, file names and file types are encrypted. Even more I thought that US has to be "active" and "unlocked" to get access to the files even when using another program. That's what I thought is meant by "explorer integration".
- When double clicking a file in the locker the content is decrypted to show the file with the corresponding program (in my case a .txt file is displayed with UES). But the file remains decrypted and IMHO this should be visible inside the locker with a different icon (yes, there is the "Status" showing that the file is open, but this column is outside the scroll region. At least the file gets automatically encrypted again when I close US or the inactivity period times out.


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Graham Charlton is Editor in Chief of the Econsultancy blog. He has worked in the digital industry for more than six years.
His pet topics include UX, CRO, and ecommerce in general. Add to that mobile, SEO, ill thought-out EU laws, the use of web technology offline,email marketing and that covers quite a bit.
He has written several best practice guides on ecommerce and mobile, with more to come.
Read more
Marissa Mayer, Google's vice president for search products and user experience, has revealed an interesting experiment carried out by the search engine a few years ago.
The goal of the experiment was to determine the ideal number of results to display in response to a search query. Google surveyed its users, who decided 30 results on a page would be best, rather than 10 or 20.
Read more...
by Graham Charlton 10 November 2006 10:56am 0 comments
ClickThrough Marketing has released a paid search keywords report for the finance sector, focusing on loans. It provides details on a number of searches for a range of keyphrases.
The report focuses on data from Yahoo UK searches for July 2006, and contains search engine key phrase data on 25 key types of loans including secured loans, unsecured loans, homeowner loans and personal loans.
by Graham Charlton 10 November 2006 10:40am 0 comments
Ben Hunt at webdesignfromscratch has posted an excellent article on current Web 2.0 design trends, giving some recommendations on features that make a website appealing and easy to use.
Ben gives some examples of good Web 2.0 sites, including LinkedIn, Mozilla.org, and Protolize, as well as some tips which we list after the jump...
by Graham Charlton 10 November 2006 09:52am 2 comments
In an attempt to gain advantages for its Zune music player over the almighty iPod, Microsoft has agreed a new deal with Universal Music.
This deal with give Universal a cut of the profits from sales of Microsoft's iPod rival, the Zune. In return, Microsoft will receive rights to distribute content to Zune's users for limited wireless sharing.
This could be a gamechanger for Apple, which has so far avoided cutting this sort of deal with content owners.
by Graham Charlton 09 November 2006 14:29pm 0 comments
A new Nielsen//NetRatings report has revealed that young people are the biggest spenders when it comes to online content, with the 16-24 year old age group leading the way.
Overall, UK internet users currently spend an average of £3 a month on downloading content, with videos taking 43% of the market.
by Graham Charlton 09 November 2006 13:11pm 0 comments
US startup Zvents, a site that allows users to search for events in their local area, has announced that it has raised $7 million in venture capital.
This has raised eyebrows in E-consultancy Towers, as it is a large sum of money for a site which currently covers only a small geographical area, and has established competitors in the market, such as Eventful.com, Meetup and Upcoming.
by Graham Charlton 09 November 2006 11:26am 0 comments
NTL Telewest has announced that it will change its name to Virgin Media early next year, after acquiring Virgin Mobile for £1 billion in April.
by Graham Charlton 08 November 2006 13:48pm 2 comments
A new kind of image search is being launched today by Riya, which will allow users to search for images using both text and images as queries.
Other image searches rely on text queries, which depend on the data attached to the image file. This is not necessarily a reliable way to search, which is where Like.com comes in.
And boy, the technology is stunning...
by Graham Charlton 08 November 2006 12:00pm 1 comment
Men who can't be bothered to go out shopping are helping to drive rapid growth in online retailing, according to a survey by the British Council of Shopping Centres.
FT.com reports that men have a 'hunter' approach to shopping – they know what they want and want to get it as quickly and painlessly as possible. Online shopping is the perfect way for them to do this.
by Graham Charlton 08 November 2006 10:57am 5 comments
Adam Lasnik describes himself as Google's first 'search evangelist', and he works to improve relations between the search engine and webmasters.
Adam's job is to help webmasters with ranking and indexing issues either through communication or other means. In an interview by Lee Odden from MarketingBlog.com, Adam talks about search engine marketing and has some tips for webmasters.
Some excerpts coming up…
by Graham Charlton 08 November 2006 10:05am 0 comments


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Long Pond Woods
Smithfield, Rhode Island 02833
Map This Location
Email: Use the online form to contact this property
Web Site: http://www.asri.org
Long Pond Woods, in Hopkinton, offers arguably the most challenging hiking of any Audubon Refuge. The 220 acres of rocky and steep terrain harbors dense groves of mountain laurel and rhododendron bursting with flowers in the spring and towering oaks and hemlocks. The view from a rock outcrop high above Long Pond is like no other in the refuge system. Trails connect to a system that goes into Connecticut.
Services / Features / Restrictions: Smoke Free, Attraction, Wildlife Refuge, No Pets, Smoke Free, Blackstone Valley and Northern Rhode Island, Bird Watching Trail, Hiking Trail, Wildlife Viewing
Handicap Service: Contact property for current services


text: Date: Description:HP BL280c G6 Intel® Xeon® X5672 (3.20GHz/4-core/12MB/95W) Processor Kit Manufacturer Part# 632696-B21 Note: We ship Part# 632696-B21 with the appropriate Voltage Regulator Module (VRM) and Heat Sink.(The full Processor Option Kit) Note: Newer Proliant servers have the VRM built into the system board. It is not replaceable and not included in the processor option kit. Specifications: CategoryProliant Processor Sub-CategoryIntel Xeon GenerationX5672 Part Number632696-B21 Products ID458131 Product TypeProcessor Processor CoreQuad-Core Clock Speed3.2 GHz QuickPath Interconnect6.40 GT/s L1 Cache256 KB L2 Cache1 MB L3 Cache12 MB 64-bit ProcessingYes Process Technology45 nm Processor SocketSocket B LGA-1366 Thermal Design Power95 W


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The southern edge of downtown Dallas has grown quiet and dank before tonights storm, and theres not a homeless person in sight. Most have sought cover in shelters, under bridges or in the construction sites that dot this side of town. But that doesnt stop Mike Faenza, on this blustery April night, from tracking down anyone left to the elements. The wiry-haired 57-year-old is the president and CEO of Metro Dallas Homeless Alliance, which on May 20 is scheduled to open one of the most progressive homeless centers in the country. Although The Bridge is the citys answer to homelessness, it is every bit Faenzas baby. But all his planning and politicking will mean nothing if he cant convince Dallas homeless population to choose his shelter... More >>>
4 Images


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Roses Color-Blocked Dress
Flirty, fun and accented with the color-blocking trend, our latest dress lets you have a sexy-and-you-know-it type of night. A cinched waist and a plunging neckline make this hot number a must for style-setters ready for attention.
• Stretch challis dress. V-neck. Sleeveless.
• Color-blocked design. Cross-over neckline with button closure. Cross-over detail at front skirt. Elastic waistband. Elastic panel at back neckline.
• Slips on
• Measures approximately 35" from shoulder to hem
• 90% Polyester, 10% Spandex. Contrast: 60% Polyester, 40% Spandex.
• Machine wash
Measurements taken from size medium
- Need Help?
- Customer Service


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The trend is setting in where many people are opting in for a home theatre system rather than assembling their own surround sound system. Manufacturers are unveiling stylish home theatre systems with a wide array of features as compared to earlier budget friendly models. Home entertainment in a budget Samsung has launched the HT D555 HTS which is a 5.1 channel DVD home theatre system that features four tall boy speakers. Let's take a closer look to see if it is a hit or miss. Pretty, plain and simple These keys are very responsive and have a blue LED lighting. On the bottom right of the player are the ports for mics, AUX and a bay that houses a USB port. This bay is concealed by a plastic flap, giving the player an all round clean, stylish, simplistic and sturdy look and feel. The player has all the connectivity options at the back with colour coded plugs for speakers, digital audio in, HDMI out, composite AUX in, component out and an FM antenna. Feature packed remote, similar to other Samsung devices This makes it easier to scroll through different content to access what you want. The Settings menu is pretty straight forward with options to tweak the display, audio, system and language. The aspect ratio is locked to 16:9 in the display menu so no tweaking can be done to change the ratio. We were pleasantly surprised to see that the player could read portable hard drives; usually these players can support USB flash drives up to a maximum of 8GB. Proprietary but easy to figure connects for speakers
Neat design and decent performance to go with it For a price of Rs. 5,000 more, the Sony BDV-E870 offers all these features as well as the ability to play back 3D content. We feel that since Blu-rays are becoming the norm these days, that would have been an interesting feature to add to the vastly populated home theatre system market. |
Samsung HT-D555 Home Theatre System
04 Jul, 2011, 4:48 pm IST | by
Aaron Almeida
Home Theatre Systems
1800 3000 8282, 18002668282
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Samsung HT-D555 , D555 , Samsung , audio system , speakers , home entertainment , 5.1 , DVD , USB , LED , DVDs , DivX , Xvid , MP3 , WMA , WMV , JPG , Home Theatre Systems , Samsung ,
How We Test
The Tech2 Labs receives many products every single week and each of them is tested with the utmost care and highest level of objectivity. There's a constant effort to reduce and totally eliminate subjectivity. Each product is tested according to set test processes so the same test scenario is used.
The ratings awarded to a product are derived from a number of tests and calculations, keeping certain important factors in mind. These factors consist of features, performance, quality and value for money. In case of software and some other categories, build quality might be replaced with ease of use or ease of installation. Products are compared with other products in a similar price range or product category.
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Shepherds Closet
LASALLE — All are welcome to the Shepherds Closet and Pantry lunch and grocery giveaway from 11 a.m. to 2 p.m. Sunday at Servant's Heart Outreach Ministry, 1119 Eighth St., in LaSalle.
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Use a Computer
The Berkeley Public Library maintains over 60 computers system-wide providing public access to the Internet as well as word processing, spreadsheet and database software (Microsoft Office.) The Library also provides a wireless connection at all Library locations.
Reserve a computer now
- More information about computers at the Berkeley Public Library.


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Open Daily
Holiday Hours
Style your space.
Your taste is unique and so is your home. So the way you choose to accessorize each room speaks volumes about your style.
Baroque Collection
The Baroque Occasional Table Collection features a unique mosaic tile inlay on all table tops for a beautiful and durable finish.
Casual Cottage Collection
A collection of clean, modern, cottage-styled accent furniture. These items can be mixed and matched to create your own special look.
Marlon Collection
The Marlon Collection offers a transitional look for your home. Spice up your decor with the Marlon Collection!
Norcastle Collection
With beautiful traditional styling and a rich dark finish, the Norcastle Collection takes sophisticated design to the next level.
The Watson Collection
The Watson occasional table collection adds a grand sense of sophistication that is sure to enhance any home's decor.
Rock Harbor Occasional
The Rock Harbor Occasional Collection is crafted in a casual style, distinguished by lines that complement the rich, rustic hickory finish. This collection is sure to bring out the best in your home.
Laney Collection
The sleek, straight lines of the Laney Collection form a design that uses metal and glass to create a sophisticated, contemporary collection, sure to enhance the look of any living area.
Medley Collection
The Medley collection inter-twines the beauty of the Marble marquetry and hammared metal tops with a cooper patina sparkle on the surface of the table tops. All tables boast twisted metal legs and a uniquely designed interlocking metal crossbrace.
Mountain Retreat
The Mountain Retreat Collection is simple, stylish and versatile. The rich cherry finish with charming rustic details give subtle style to a variety of decors.
Sutton's Bay Occasional
The Sutton's Bay Collection, is a new addition to the Michigan H.O.M.E.S Collection. These casual, clean, transitional Occasional Tables compliment the Desk and Entertainment Center in this collection.
Allure Collection
The Allure Collection brings a distinctive contemporary look with an unique urban feel!
Helix Collection
Retro styling and clean contemporary lines are offered in the Helix table collection. The unique form is designed to fit right in with today's stylish living spaces.
Manhattan Collection
The Manhattan Collection's transitional style will look great with any decor.
Annadale Collection
The Annadale Collection is the perfect mix of luxury and sleek styling. It's transitional design and sumptuous mahogany finish will enhance the look of your decor!
Ontario Collection
The Ontario Collection's sophisticated styling distinguishes the collection from any other collection. This collection will enhance any decor!
Sherwood Collection
The Sherwood Occasional Collection has a unique design made of twisted metal details and a nail head banding that is sure to enhance your decor!
Sedona Collection
The Sedona Collection offers a transitional rustic look that is sure to look great in any home. A smooth oak finish will enhance the beauty your home already has.
Attic Heirlooms Collection
The Attic Heirlooms Collection is inspired by time-worn, antique-finished pieces with unique characteristics.
Wave Collection
Fun and funky! What more can we say about the Wave living room table collection? Sleek and contemporary in design, these tables are the perfect compliment to the Wave upholstery collection. Optional stools, on casters, are not only visually exciting but provide extra seating when needed.
Roxboro Collection
The Roxboro Table Collection adds just the right touch to any contemporary setting. The eye-catching bent "X" motif of the legs and the alluring ebony finish add a unique styling element that will stand out in any room.
La Jolla Collection
The La Jolla Collection features a unique design, for a one-of-a-kind look with a warm latte finish that will warm up any decor!
Coronado Collection
The Coronado Collection was inspired by contemporary designs and offers unique and functional pieces making making it the perfect addition to today's modern lifestyle.
Metropolitan Collection
The Metropolitan Collection has distinctive contemporary styling with unique and useful features. A dark cherry finish will warm up your current decor.
Ice Collection
The Ice Collection adds contemporary styling with elegance that is sure to enhance any decor!
Bella Collection
The Bella living room table collection is perfect for most any setting. This collection is highlighted by the warm brown finish and beautiful faux travertine tops.
Sonoma Collection
The Sonoma Collection features a beautiful glass inset that will enhance your room. The transitional styling will look great with any decor!
Wealthy Collection
Designed for today's casual lifestyle, the Wealthy Occasional Collection. Finished in a dark cherry to fit most any room or style.
Prelude II Collection
The Prelude-II Collection offers a contemporary look and a warm cherry finish that is sure to spice up your decor!
Baker Collection
The Baker Collection offers clean lines with a sharp flair. The merlot finish will spice up any decor!
The Braden Collection
Contemporary occasional table group.
Montibello Collection
The Montibello living room table collection is perfect in almost any setting. Crafted from Asian hardwoods, the collection is highlighted with brown and pecan marble veneer tops.
Woodward Occasional Collection
The Woodward Avenue Collection of Occasional Tables is comprised of two end tables, a cocktail table & a sofa table. All pieces feature granite table tops & are finished in a beautiful coffee tone.
Edgemont Occasional Collection
The Edgemont Occasional Collection is crafted from bonded leathers which are hand-worked for an antique effect that will compliment any room.
Nassau Collection
If you are looking for furniture that is unique and modern, you will love the Nassau living room table collection. Contemporary styling with fluid curved bases and tempered glass tops.
Ino Collection
The Ino Collection delivers the right balance of softness, movement and transitional style. All pieces feature bottom shelves. The burnt umber finish and crackle glass top is sure to spice up your decor!
Mission Hills Collection
From the Mission Hills Collection comes a unique but simple updated design to complement your home. Beveled glass inserts on top create instant visual appeal.
Ellipse Collection
The Ellipse Occasional Table Collection takes style and craftsmanship to another level. Oval tempered glass tops sit on a concentric base in a Cherry finish.
Harmony Collection
The beauty of the Harmony collection lies in the designers' use of materials and creativity. Featuring a combination of thick oak table top frames surrounding quarried slate tiles in random natural earth tone colors. Hand-forged iron bases finished in a dark antique pewter tone create a profoundly unique look.
The Craftsman Collection
The Craftsman collection pairs clean lines with pure function in an accent table offered in four different finishes.
Durango Collection
The Durango Collection offers a sophisticated look with turned legs and a black ebony finish. The copper insert will add a splash of color to your decor!
Onslow Collection
The Onslow Collection will add flair to your decor with the ring shape and metal curve design. The warm espresso finish adds a smooth touch of warmth.
Brockland Collection
The Brockland Collection is beautifully accented with inlayed bands of mosaic wood block detailing sure to look great with any decor!
Valencia Collection
The Valencia Collection has a beautiful metal etched design in the table tops. The warm brown cherry finish will make this a one of a kind collection for your home!
Babette Collection
The stately presence and traditional styling of the Babette living room table collection are the perfect complement to the Babette sofa collection. Ornate carvings and gold tipping add a touch of elegance.
Mantera Collection
The old world design accented with traditional European flair brings the rich style of the Mantera table collection to life.
Callum Collection
The Callum table collection features a unique design and a rich finish to create a contemporary style, sure to add an air of artistic sophistication to your room. Ample storage and castered cocktail table add function.