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"Arise and take our stand for freedom as in the olden time." Winston Churchill
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United Nations
UN Climate Talks: Beyond Farce
If the second time is farce, what is the 19th? The U.N.'s "Conference of the Parties" is holding its 19th session of global warming talks in Warsaw. The purpose of these talks is to produce agreements. The purpose of the agreements is to transfer your money to someone else. The Warsaw event was scheduled to end yesterday, but no agreement had been reached–the horror!–and it was feared the talks might »
132 Countries Storm Out of U.N. Global Warming Talks: Not Offered Enough Money
The modern "environmental" movement has little or nothing to do with the environment, and a great deal to do with the real green stuff: money. One hundred thirty-two governments are in a huff because their latest attempt at extortion has failed: Poor countries pulled out of the United Nations climate talks during a fight over transferring wealth from richer countries to fight global warming. Wait! How would giving corrupt third »
Latest from the Climate Fail Files
With all the fun watching Obamacare collapse, we've hardly had time to take note of the climate change circus tent collapsing around its tentpoles at the latest UN climate summit taking place over in Poland right now. First, Japan has essentially said "Goodbye to all that" in announcing that it is repudiating its Kyoto Protocol target of a 6 percent reduction in greenhouse gas emissions below 1990 levels (a target »
Poles Rally Against Global Warming Power Grab
The U.N. is holding its latest global warming conclave in Poland. Big mistake. Yesterday more than 50,000 Poles turned out in Warsaw, in conjunction with National Independence Day, for an anti-U.N. rally. David Rothbard, president of Committee For a Constructive Tomorrow, addressed the crowd and a national television audience. Anthony Watts reports on the inspiring event: As more than 50,000 enthusiastic Poles gathered in downtown Warsaw on Monday to celebrate »
A UN postscript
While the rest of us tuned out of the Iranian production starring Iranian President Hassan Rouhani following Rouhani's speech before the UN General Assembly last week, Claudia Rosett stayed with it. She notes: With Iran pushing toward nuclear breakout ability at home, while peddling what some have dubbed "charm" abroad, there were plenty of odd moments as Iran's President Hassan Rouhani swept through the United Nations in New York last »
What Netanyahu said
I don't trust and don't want to rely on news accounts of important speeches such as Iranian President Hassan Rouhani's and President Obama's at the UN last week, or Israeli Prime Minister Netanyahu's at the UN today. I linked to the full text version of both Rouahani's and Obama's speeches last week and took a look at them here (Rouahani) and here (Obama). The Office of the Israeli Prime Minister »
The short ride from "Soft Power" to No Power
It requires little discussion to show that the U.N. approved resolution on chemical weapons in Syria is a joke. As Brett Schaefer and Baker Spring point out, the resolution is toothless because it fails to establish a direct enforcement mechanism for assuring the complete application of Chemical Weapons Convention requirements in Syria. The resolution provides that in the event of non-compliance with its terms, the Security Council will impose undefined »
Our sucker-in-chief's U.N. outing
President Obama addressed the United Nations today. It's a fool's errand if you think about it, and Obama's remarks were duly foolish. He began by assuring the world of America's near-pacifism and lack of seriousness when it comes to fighting terrorism. Obama cited our retreat from Iraq and Afghanistan, new limitations on the use of drones, and his "diligent" work to close Gitmo. The world already understands how ineffectual you »
A thin case for action
I have been trying to keep up with the best articulation of arguments for and against our taking military action against the Syrian regime. I find myself agreeing with arguments on both sides, including Paul Mirengoff's here, though not strongly. I'm ambivalent. President Obama got us into this mess with his big mouth. For a handy reminder, check out this New York Times account of how we got here. "We »
The Three Rings of the Climate Circus
Late next month the UN's Intergovernmental Panel on Climate Change (IPCC) will begin releasing its massive Fifth Assessment Report (AR5 in the trade), starting with the report of Working Group I, on the science of climate change. The reports of Working Groups II and III will dribble out in 2014. In previous assessment reports, the entire report with the findings of all three working groups came out at once. I »
Samantha Power's unprecedented confirmation conversion
In 2003, Samantha Power wrote in the New Republic: We need: a historical reckoning with crimes committed, sponsored, or permitted by the United States. . . Instituting a doctrine of the mea culpa would enhance our credibility by showing that American decision-makers do not endorse the sins of their predecessors. When Willie Brandt went down on one knee in the Warsaw ghetto, his gesture was gratifying to World War II »
A problem from hell revisited
President Obama's nominee to serve as our ambassador to the United Nations is the vile Samantha Power, Pulitzer Prize-winning author of A Problem From Hell. I think the title of her book is a case of projection. At her confirmation hearing today, she was questioned about a statement from her 2003 New Republic article in which she wrote that American foreign policy needed "a historical reckoning with crimes committed, sponsored »
Lindsey Graham is in the tank for Samantha Power, naturally
I always expect the worst from Lindsey Graham, and he rarely disappoints. Today, Graham strongly backed Samantha Power for the U.N. ambassador post. But that wasn't the worst. The worst was his statement that Power "will be a strong supporter of our close friend and ally Israel." As I said, Graham rarely disappoints. I wonder what evidence Graham would cite in favor of his claim that Power, with her record »
Samantha Power, hater of Israel
Earlier today, I described Samantha Power, President Obama's nominee for ambassador to the U.N., as "virulently anti-Israel" and "Israel hating." These are harsh words. Even some good faith supporters of Israel may consider them unfair. But let's look at Power's harsh words about Israel. For example, as I noted in this post: Power has expressed outrage at the way Israel has treated the U.N.'s faux peacekeepers in South Lebanon, the »
Soft Power finds a perfect home
It was always just a matter of time until President Obama, once elected to a second term, handed a major position to his favorite foreign policy analyst, Samantha Power. Now, with Susan Rice moving from the U.N. to the White House as National Security Adviser, Obama is set to nominate Power as ambassador to the U.N. Power's selection for a highly visible position had to await Obama's second term because »
Did Boston Have It Coming? The United Nations Says Yes
Early this morning, Scott linked to this article by Anne Bayefsky. I want to give it some further attention. Anne pointed out, and responded to, a repellent column in Foreign Policy Journal by a man named Richard Falk, titled "A Commentary on the Marathon Murders." You almost have to read it to believe it, but here are a few excerpts: [T]he neocon presidency of George W. Bush was in 2001, »


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Stat Chat: I'll Take That
Looking ahead to the matchup against the Aggies, many critics have denounced the defenses for both squads, predicting a shootout in Atlanta. However, playing No. 1 Florida State and playing against Johnny Football and Texas A&M will be different. The biggest separation between the two teams is that Florida State hasn't played a "bad" game all year. The Aggies have played two...and they happen to be the last two games they've played.
Texas A&M averages a whopping 43.6 points per game this season, the sixth highest total in the FBS. Further analysis of the team's recent play, however, shows that this is not the same high flying offense audiences have gawked at all year. The Aggies averaged 49.2 points per game before scoring a total of 31 points against LSU and Missouri the past two contests. Manziel scored at least two touchdowns in each of the first 10 games, but has scored only two in the last two games combined, while also throwing two interceptions. The defenses for the Tigers 1 and Tigers 2 are solid, but Alabama and Auburn have equally stingy defenses and the Aggies scored a combined 83 points on the Crimson Tide and Tigers 3.
Where the game could be decided in Atlanta is the turnover battle. Duke's improved defense the second half of the season was showcased nationally in the first 15 minutes of the ACC championship. The Blue Devils forced two turnovers in the first half, allowing only 17 points to Heisman finalist Jameis Winston. The Aggies turnover ratio is only 1.05-to-1, but 12 of the team's 21 total turnovers have come in the past five games. Duke has forced 12 of the team's total 26 turnovers during that same span.
While turnovers may turn in the Blue Devils' favor, the squad will have to limit big plays from the Texas A&M offense. In Duke's three losses, the defense has given up 18 touchdowns, 15 of which were scored from 10 or more yards away. Those 18 scores have also gone for an average of 23.6 yards per touchdown. With ALL-SEC wide receiver Mike Evans, the Aggies have more than just big rushing plays from Manziel. Evans averages 20.3 yards per reception and has 12 touchdowns on the year. Translation: Duke's defense will have to keep Evans in check in order to maintain defensive success.
All of the talk about Texas A&M's high powered offense and the team's experience playing SEC defenses has overshadowed the quality play of Duke's defense this season. If the Aggies plays like they have in recent weeks, don't be shocked if this game becomes a low-scoring affair in a hurry.


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they are completely different thing.
one makes midi songs, the other allows you to put original REAL songs into a game
they are completely different thing.
one makes midi songs, the other allows you to put original REAL songs into a game
Anthrax (Among the Living pls) [x] YESSSS THANK YOU
Moar Metallica (Kill 'em All) []
Rust in Peace [x]
Anvil [X]
The Saints (first album pls) []
The concept is similar in that it allows users that are not developers at HMX to develop song charts and distribute them online. I think the similarities end there, though. The RBN is ridiculously deeper than the GHWT song creator.
WGG Radio- SgtDill- Sting never saw a song where he didn't think, "You know, I think it would be better with 2 more minutes of chorus at the end."
Yeah this is really not like the song creator in GH4 at all. Completely different.
RBN is more like ITUNES in a creative sense. GHWT's music "maker" involves a very small set of prerecorded noises to self-edit. The latter is far from creative.
Been a member since here 21 August 2008.
1000+ songs... Expert everything except keys or pro guitar/bass.
It's been a long run, but it's been fun.
It's the answer the same problem, but different solutions. The problem is that people like making custom songs and their is only so much dlc we can release at a time.
GH answer is lets give them the ability to make the songs on disc with prerecorded sounds and mash them together to make a song. Positives: Tech is on disc, anyone can do it, and songs are free. Negatives: Songs sound like ringtones.
Harmonix's is lets give them the ability to put their own songs in the game made with real instruments using the same ramifications and tech they use. Positives: actual songs and can make an indie band gain more fans. Negatives: Cost, buy the tech, musical talent, ability to understand what your doing when you chart, and not anything goes.
So what I'm trying to say the two things are very different and are not comparable.
Way better, I really don't like gh4 though
It will be completely different from GH4's music studio. First of all It won't be free. If you go to http://creators.rockband.com/ and look under the Review tab you will see in small print that it says that a membership will be $99/year. Secondly you will have to own the rights to the track, so you can't just download someones song and use it. It will also have to be approved by the community or the song won't be released. It will only be for Xbox Live and only select songs will be available for the PS3.
Last edited by guarf1; 08-24-2009 at 03:16 PM.
What do you think makes it 10x better? The fact that we don't make our own music and steal someone else's just to chart 'em?
Last edited by Oddbrother; 08-29-2009 at 01:38 AM.


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Who are the Open Source All-Stars?
As I watched the opening of last night's All-Star Game, I could not help but think of an article I read several days before where the inventor of DNS, a man named Paul Mockapetris, was telling us how serious we should be taking the DNS security issue that had been announced.
Paul who? Well, that was my response. Sure, I knew someone or a group of someones had invented DNS, but I had never heard of Paul Mockapetris before. And sitting watching last night's All- Stars, I was struck by how many of them I had never heard of either, many of them the current players. Sure, I could tell you why Cal Ripken was standing there but I had never heard of Luis Aparicio.
Similarly, I know who Paul Vixie (BIND) is, but I had never heard of Mark Fedor (SNMP) until I worked for him. Larry Wall (Perl and others) is almost a household name, but how about Eric Allman (sendmail)?
So it got me thinking. Who are some of the All-Stars of the Open Source world? Who are the real giants? I do not think that anyone would argue about including Linus Torvalds, but what about our friend Paul Mockapetris, or is his involvement overshadowed, as one commentator said, by the efforts of Paul Vixie, who actually implemented the solution. Does Vint Cerf belong on the list? DARPA? Dennis Ritchie? Yukihiro "Matz" Matsumoto?
Let me know your thoughts and I will compile the list and then we can turn it loose to the voters. Who are the All-Stars of Open Source? Both yesterday and today.
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
what about. . . .
wow, this list is ridiculously short. It needs to include not only the great programmers but also the greatest friends of open source (and not just gpl)
- i'll agree with everyones choice of stallman. there from the start.
- how about zimmerman (PGP)? the first man to take on the U.S. and win
- his (zimmerman's) attorney (and gpl3 author) eben moglen
- tridge (also mentioned) is a wildly obvious choice
- linus - he totally belongs. if you include the gpl (esp v2) as part of open source you have to count linus. He is one of the strongest supporters of the value of open source and gplv2
- de Icaza his work on 'MS' technologies has been invaluable to the open source community
- de Raadt. Very coarse personality and views, but a staunch support of open source
- andrew morton
- alan cox
- jeremy allison
- terpstra
- ibm
Mark Fedor
You work for the SNMP guy? Tell him I have a foot that wants to be put in his arse, and that it belongs to the leg of a large scale admin.
On the other hand, the stuff that he must have been smoking would be truly off this planet, so I wouldn't want to harsh his buzz, man.
Past tense, and SNMP is now in version 3 and he hasn't had his hand on it since v1. And interesting guy.
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
I'd second Torvalds, Matz, and Cerf...and would add John "Maddog" Hall, Guido Van Rossum, Mark Shuttleworth, Ian whassisname from Debian, Bob Young.
my honorable mentions would include Woz, Randall Schwartz, Bill Joy, Stallman (even tho' he'd hate to be on this list).
my three cents and 12 names.
Bill Joy too may hate to be on this List
Bill Joy too might hate to be on this list. Below is a small piece of an interesting quote from an article I read from salon.com.
Intriguingly, Joy doesn't subscribe to the fundamental credo of the Linux movement -- the belief that the strength of open-source software is its ability to tap the energy and enthusiasm of a vast network of volunteer programmers. Linux is built on an egalitarian ethic: Perhaps not every programmer will write great code, but together, all those eyeballs and all those keyboard-pounding fingers will incrementally make their way toward greatness.
But Joy doesn't believe that having more programmers equals better code.
"Most people are bad programmers," says Joy. "The honest truth is that having a lot of people staring at the code does not find the really nasty bugs. The really nasty bugs are found by a couple of really smart people who just kill themselves. Most people looking at the code won't see anything ... You can't have thousands of people contributing and achieve a high standard."
The full chapter of the article can be read from the link below.
All good
Certainly all those names occurred to me as well. Randall was my introduction to Perl (as he was for most people) as well as what not to do when doing security audits. I would include in that vein Garfinkle and Spafford - visionaries both.
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
Parochial Australian
I call for Andrew Tridgell to make the list if not because he's an Aussie then for his great marketing plan.
Before the days of GNU licenses, businesses insisting on paying for samba could contact pizza joints in his home town.
Where would we be with out him?
Certainly Andrew has earned consideration. Samba is a major addition to the fold.
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
Of course you should include
Of course you should include Stallman in the very first place!!! GNU/Linux wouldn't even exist as an idea if it wasn't for him. Torvalds... oh well, he is a hell of a good programmer, but not an OpenSource fighter at all... I'd include him in Programming All Stars, not in Free Software All Stars ;)
Who said anything about Free
Who said anything about Free Software All-Stars? The article is about Open Source All-Stars.
I would argue that Marc Andreesen belongs in the group. While Mosaic itself wasn't open source it led to Mozilla and ultimately Firefox.
Also a good point
I certainly did not. And I would agree that Marc is a worthy candidate.
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
Of course!
Now how could I forget Richard Stallman. I had his quote on my door for years..."Free as in Free Speech, not free beer."
I agree that Linus is a controversial figure. Much like Pete Rose. Your mileage will vary. (Let's not have a Pete Rose fight here - but if you want to discuss Linus's value, go for it.)
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
Te guy who started it all,
Te guy who started it all, and found the money to fund it. Virtually all of the projects that led to the development of personal computing and the internet were his projects:
"Joseph Carl Robnett Licklider (March 11, 1915 – June 26, 1990), known simply as J.C.R. or "Lick" was an American computer scientist, considered one of the most important figures in computer science and general computing history."
News to me
Sounds like someone to consider then. I have never heard of him, but then, that does not make his contributions any less valid.
David Lane, KG4GIY is a member of Linux Journal's Editorial Advisory Panel and the Control Op for Linux Journal's Virtual Ham Shack
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Quote & Headlines
Market Currents
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Brazilian Equities Eye World Cup VictoryVikash Jain • Dec 6, 2011
Brazil's Stock Market StrugglesBespoke Investment Group • May 5, 2011
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Red Across All Asset ClassesBespoke Investment Group • Thu, Nov 21
There are no Transcripts on EWZ.
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EWZ vs. ETF Alternatives
EWZ Description
The iShares MSCI Brazil Capped Index Fund (the "Fund") seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil 25/50 Index (the "Underlying Index").
See more details on sponsor's website
See more details on sponsor's website
Country: Brazil
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Emerging Markets, Countries
- All
- | Earnings
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- | On the move
Friday, Dec 64:48 PM
Tuesday, Dec 34:18 PMTime to panic over Brazil?
- "Brazil's capital markets appear to be suffering from a sudden flight of capital," says Michael Shaoul, warning of a danger of "abrupt collapse in investor confidence ... Brazil should be watched closely in the days ahead."
- The Bovespa slid another 1.75% today, but more alarmingly, the country's 10-year yield spread (vs. the U.S.) shot to its highest level since the summer of 2009.
- This morning, Q3 GDP was reported to have contracted by 0.5%, worse than expectations. From Capital Economics: "Brazil is not particularly attractive to foreign firms ... Woefully low domestic savings mean that Brazil relies on attracting foreign capital in order to fund investment projects. But with the current account already in a significant deficit, there is little scope for running up an even larger external deficit to fund investment."
- Off 1.3% today, the iShares MSCI Brazil Index ETF (EWZ) is down 20% YTD.
- ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Tuesday, Dec 34:18 PM| 2 Comments -
Tuesday, Dec 38:56 AMBrazil Q3 GDP slips 0.5%
- Brazil's Q3 GDP contracts 0.5%, missing estimates of a 0.3% contraction, and the worst performance since 2011 Q3. On a Y/Y basis, the economy grew 2.2%. The decline in Q3 was led by agriculture, which fell 3.5%. Investment also declined 2.2%.
- The news adds to complications for President Rousseff who is up for election next year. Her government has already slashed by nearly half its forecast for robust 4.5% growth in 2013.
- The central bank last week continued its rate-hike cycle, but gave indications a pause could be coming soon, and the slow GDP report is unlikely to change that view.
- Brazil ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Tuesday, Dec 38:56 AM| Comment! -
Monday, Dec 27:44 AMBrazil PMI slips into contraction territory
- Brazil's November PMI slips to 49.7 from 50.2 previously, the move into contraction territory led by New Orders which stayed below 50 for the 5th consecutive month.
- "The only good news was that the measures of inflation included in the PMI report also lost momentum: firms saw input prices rising at the slowest pace since June and output prices climbing at the weakest rate since May," says HSBC's Andre Loes.Brazil's central bank raised the Selic 50 basis points to 10% late last week - but a tweak to the statement has some economists predicting just one more rate hike for this monetary tightening cycle (the Selic was 7.25% in April).
- Brazil ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Monday, Dec 27:44 AM| Comment! -
Friday, Nov 291:27 PM
Thursday, Nov 284:06 PMBrazil PPI logs first month-over-month decline since February
- Producer prices fall in Brazil from September to October, registering their first M/M decline (-0.37%) since February.
- In annual terms, factory gate prices rose 5.18% last month, significantly below the 5.81% growth observed in September.
- See also: Brazil central bank hikes benchmark rate
- ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Thursday, Nov 284:06 PM| Comment! -
Wednesday, Nov 275:42 PMBrazilian central bank hikes benchmark rate to 10%
- Brazil's central bank has hiked the country's benchmark rate by another 50 bps to 10%.
- The bank has now raised the rate by 275 bps since April, as it contends with high inflation and widespread fears of additional credit downgrades.
- Brazil ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Wednesday, Nov 275:42 PM| Comment! -
Thursday, Nov 217:40 AMPessimism on Brazil's Rousseff soars to record
- Fifty-one percent say they are pessimistic about the president's policies, up from 22% when she took office in January 2011, according to a Bloomberg survey. Only 10% say the country can avoid a credit rating downgrade in the next year. Compared to other major global markets, Brazil - says the survey - is expected to offer one of the worst opportunities over the next year.
- Moody's last month followed S&P in lowering it credit outlook on Brazil to stable from positive, citing the 59% debt-to-GDP ratio compared to 45% median for other countries with the same rating.
- The central bank has boosted the benchmark Selic rate by 225 basis points since April to 9.5%, and shows no sign of stopping this month.
- That's a lot of bad news and bad sentiment. In the meantime, the stock market has fallen and can't get up. EWZ is off 15% YTD and about 40% from 3 years ago (and down 0.4% premarket). Opportunity?
- Brazil ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Thursday, Nov 217:40 AM| Comment! -
Monday, Nov 1810:26 AMCiti cautious on Brazilian retail sector
- Initiating cautious coverage on 8 Brazilian retail sector names (7 Holds, 1 Sell), Citigroup says multiples look expensive considering macroeconomic headwinds - among them rising inflation and interest rates coupled with a high level of consumer indebtedness.
- "Slower demand presents top-line risks for Brazilian retailers exposed to the mid- and lower-income segments. Moreover, inflation could push operating expenses up while rising interest rates pressure financial costs for leveraged companies."
- The central bank hiked the Selic for the 5th straight meeting last month and gave no indication it's going to break the string in November.Brazil ETFs: EWZ, BRF, BZF, BRXX, EWZS, BRAQ, BRAZ, BZQ, BRAF, UBR, BRZU, FBZ, BRZS, DBBR
Monday, Nov 1810:26 AM| Comment! -
Friday, Nov 154:22 PM
Friday, Nov 84:27 PM
Sunday, Nov 37:25 PMBrazil state lender to reduce loans
- "By April or May, when credit rating agencies visit Brazil, fiscal accounts will have improved," Bloomberg says, summing up comments from Guido Mantega, Brazil's finance minister.
- In an effort to address concerns about the country's budget deficit, Mantega says Brazil's state lender BNDES will cut lending by a fifth in 2014.
- Next year, the development bank will give out around $66.6B in new loans, slightly less than it provided in 2012.
- Both S&P and Moody's have cut their outlook on the country this year amid concerns about rising debt levels tied to public lending.
- Brazil ETFs - EWZ, BRF, EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU
Sunday, Nov 37:25 PM| Comment! -
Wednesday, Oct 239:52 PMBrazil taps the global bond market for $3.2B
- Taking advantage of the quick change in sentiment towards emerging markets in general and Brazil in particular, the Brazilian government today issued $3.2B in bond dues 2025. The paper was priced to yield 4.305%. About one billion of the total will be fresh cash for the government, the rest will pay off existing debt.
- With developed market interest rates on the rise this summer, few had interest in emerging market debt, but the last several weeks have seen the taper delayed, the nomination of Janet Yellen to lead the Fed, and a sharp drop in interest rates. With U.S. rates looking like they're staying lower for longer, emerging market yields - no matter the risk (Brazil's credit rating outlook was lowered from positive to stable by Moody's this month) - become more enticing.
- Also helping is a Brazilian central bank refocusing on inflation - it hiked its benchmark rate to 9.5% this month and gave every indication 10% is coming in November.
- Brazil ETFs: EWZ, BRF, EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU, BZF.
Wednesday, Oct 239:52 PM| Comment! -
Thursday, Oct 1011:36 AMBrazil's central bank again hikes rates
- It's the 5th consecutive rate hike for the central bank, which raised the benchmark Selic 50 basis points to 9.5%. No changes were made to the accompanying statement, implying #6 is coming at November's meeting.
- Economist consensus has rates at 9.75% by year's end, and many foresee double-digits in 2014. The most recent CPI data has annualized inflation at 5.86% - lower than a couple of months ago - but still well above the 4.5% marking the top end of the target level.
- The Bovespa is lagging most major markets today, +0.5%.
- Other ETFs: EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU, BZF.
Thursday, Oct 1011:36 AM| Comment! -
Thursday, Oct 31:10 PMMoody's warns on Brazil
- Moody's cuts its outlook on Brazil's Baa2 credit rating to Stable from Positive, citing deterioration in key credit metrics, an economy unable to break out of a slow-growth phase, and "deterioration in reporting quality of the government accounts."
- The government's debt-to-GDP ratios and the country's investment-to-GDP ratios are weaker than those of sovereigns with just a Baa rating, says Moody's. "Even though there are signs that the Brazilian economy may be starting to recover, Moody's view is that, if and when the upturn materializes, it is unlikely that it will be strong enough to restore a positive trend in Brazil credit metrics, a condition necessary to merit a positive outlook on the country's sovereign rating."
- ETFs: EWZ, BRF, EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU, BZF.
Thursday, Oct 31:10 PM| Comment! -
Tuesday, Oct 110:37 AMBrazil PMI no longer in contraction territory
- Brazil's PMI edges up to 49.9 in September from 49.4 previously. New orders and export orders both remained in contraction territory, but at a slower pace of decline, and output rose for the first time in three months.
- Input prices however, accelerated sharply amid the decline in the real (BZF), with the index jumping to its highest level in nearly 5 years.
- Brazil ETFs: EWZ, BRF, EWZS, BRAF, BRXX, UBR, BZQ, BRAZ, BRAQ, BRZS, BRZU.
Tuesday, Oct 110:37 AM| Comment!


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Archive - Wednesday, 25 July 2012
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On this day:
Displaying 1 to 50 of 94
Yorkshire to face Sussex in Friends Life t20 semi-finals
YORKSHIRE booked their first Friends Life t20 Finals Day appearance with a stunning display of power hitting against Worcestershire in tonight's quarter-final at Headingley. read more
Yorkshire book first Friends Life t20 Finals Day outing
YORKSHIRE beat Worcestershire by 29 runs in the quarter-finals of the Friends Life t20 at Headingley. read more
York bins row latest
THE public were not consulted on the removal of hundreds of litter bins around York because they would have inevitably debated the decisions, the council has said. read more
Catholic martyrs remembered at ceremony in York
AN Earl and the leader of a popular York uprising against the Government, will be among Christians whose deaths will be remembered at a special service next month. read more
Fire crews tackle large blaze at North Yorkshire chicken farm
DOZENS of firefighters are tackling a blaze at a massive chicken farm in North Yorkshire. read more
York City goalkeeper Ingham targets second successive promotion
MICHAEL INGHAM reckons York City can go into the new season with high hopes of securing brilliant back-to-back promotions. read more
Minstermen heed lessons to thrill Mills
A THRILLED York City boss Gary Mills said his team's first half performance at Gateshead was the best his side had been "for a long, long time". read more
Games fever gets a grip on school
Olympic mania hit a North Yorkshire school as it hosted a week of sporting activities. read more
Wold Top Brewery
A FAMILY-owned microbrewery is using all its family members to expand the business as it evolves. read more
Blacksmiths Arms, Huntington
THE Blacksmiths Arms in Huntington was taken over by Ana and Don Mattless in February, and is now hoping to be recognised in The Press Business Awards 2012. read more
Bucking beer trend as UK ale sales dip
SALES of ale have struggled in the second quarter of the year, according to the British Beer & Pub Association's (BBPA) Beer Barometer. read more
Review: Ryedale Festival, Roderick Williams/Susie Allan; Sledmere House
Evenings don't get much better than this: a programme of English song from the finest English recital baritone of his generation, in an exquisite country house with views over a distantly grazing herd of deer, and weather warm enough to encourage interval drinks to be taken alfresco. read more
Mick Hucknall, York Barbican, April 12, 2013
MICK Hucknall, long-standing frontman of Simply Red, will play the York Barbican on April 12 as part of his first solo tour, American Soul, next year. read more
Gateshead 0, York City 2
JAMIE REED and trialist Dominic Knowles displayed the striking options available to York City boss Gary Mills after both scored in a 2-0 win at Gateshead. read more
Richard Buck fast track to glory hinges on Rooney's performance
FOUR-TIME Olympic gold medalist Michael Johnson believes City of York Athletics Club ace Richard Buck can be part of an unlikely Team GB 4 x 400 metres relay medal hunt at London 2012 – but only if star turn Martyn Rooney can deliver a world-class display in the capital. read more
Foss League: Stamford Bridge close gap at top
Champions Stamford Bridge made the most of leaders' Woodhouse Grange's inactivity to move within a point of the Foss Evening Cricket League summit. read more
Top players fall in York Open Bowls tournament
THERE were notable casualties in the opening rounds of the mixed pairs event in the 45th York Open Bowls tournament, which is being played all this week. read more
Junior cricket final
THE final of the Stephensons Estate Agents Junior Charity Cup, a part of the range of York Charity Cricket Cups competitions, will be between Osbaldwick and either The Retreat or Heworth II at Osbaldwick Cricket Club tomorrow starting at 6.15pm. read more
Pilmoor League: Proudley-led win eases drop fears for Newburgh
AWARE that defeat would mean the end of their stay in the Pilmoor Evening Cricket League first division, Newburgh toppled Crayke. read more
Tykes hoping to break Twenty20 curse
Yorkshire are on the verge of breaking their Twenty20 hoodoo. read more
Knights' U18s eye top finish
YORK City Knights Under-18s will be looking to end their mini-campaign on a high when they travel to Halifax tonight (8pm). read more
Christine Elliott
ELLIOTT Christine On Thursday, July 19th, aged 63 years. Latterly of Haisthorpe House, Holgate. Funeral service to be held at York Crematorium on Friday, August 3rd, at 12.20pm. read more
Bethany Rose Wishart
BETHANY ROSE WISHART Happy 18th Birthday Bethany. Have a lovely day. Lots of love always. Mum, Dad, Hayley, Haydn, Clod, Cleo and Monty. xxxx read more
Dorothy Wood
WOOD Dorothy July 25th 2011 Treasured memories of a dearly loved wife and mother. Memories are all we have left, Of one of the dearest, And one of the best, Stretch forth your hand and through the depths of dark another hand shall touch your finger tips. Loving you always Albert and John. read more
Christine POTTS
POTTS Christine Julie (nee Randles) On July 18th after a 4 year courageous battle with breast cancer, Christine aged 57 passed away peacefully at home surrounded by her family. Loving wife of Keith, mother of Shan and Ceri, sister to Debbie, Nick and Carole. Funeral Service to be held at St. Botolphs Church, Bossall on Friday July 27th at 11.30am followed by a Private Cremation. Family flowers only please donations may be given for St. Leonards Hospice. Christine, Keith, Shan and Ceri please request bright colours to be worn pinks and purples. read more
Vincent O'Donnell
O'DONNELL Vincent John (Vinny) Our moments together were precious and few but I cherished them all more than you knew, I loved you then and I love you still, I love you my Vincent and I always will. Forever Melisa. read more
stephen adair
ADAIR Stephen Time may wipe out many things But this, it wipes out never, The memory of those happy days when we were all together. From, Mum, Dad and Michael. xxx read more
Bethany Rose Wishart
BETHANY ROSE WISHART Happy 18th Birthday Bethany. Lots of love Granny & Grandad. xxx read more
doreen rogers
ROGERS Doreen (nee Barthel) On July 16, in York Hospital, aged 84 years. A very dearly loved and treasured friend of Shirley, Margaret and Maurice Turner and a loved wife of the late Major Leonard Rogers. Funeral service to take place at St. Oswald's Church, Fulford, on Friday, July 27 at 1.00p.m., followed by interment at Fulford Cemetery. Donations to be shared between the R.S.P.C.A., York and The Cats Protection League, York, a plate will be provided at church. Flowers may be sent to J Rymer Funeral Directors. Tel. 01904 624320. read more
June Lauren Wilson
WILSON June Laureen (nee Eshelby) Died peacefully after a long illness bravely borne on July 21st. Cherished wife of the late Alex Wilson, beloved mother of Shirley and Laureen, loving grandmother of Thom. Funeral service to be held on Monday, July 30th in St. Mary's Church, Strensall, at 2.00pm, followed by interment in Strensall Cemetery. Family flowers only please, donations in lieu to Bransby Rest Home for Horses. A plate will be provided at the service. All enquiries to J. Rymer Funeral Directors Tel. 01904 624320. 'May the Lord bless and keep you till we meet again.' read more
Ann Wardman (Rennison)
WARDMAN Ann (nee Rennison) After a long illness, Ann aged 68 years of Newton on Ouse, died peacefully in hospital. Thanks to staff at St. Monicas, who took such good care of her. Ann touched the hearts of so many and will be sadly missed. Funeral service at Newton Church on Monday, July 30th at 11.00am. Always in our thoughts and forever in our hearts. Mary and Charles Carroll and families. read more
Doreen Close
CLOSE Doreen Jim and family would like to thank relatives, friends and neighbours for their kind messages of sympathy and many cards following the loss of Dot. Thanks to Rev. Derek Baily for a comforting funeral service, also to the Co-op Funeral Services for their care. Finally, thanks to all who made donations to St. Leonard's Hospice of £200. read more
Woman, 50, faces murder bid charge
A WOMAN who allegedly stabbed another woman in the back in an attack on the outskirts of York has denied charges of attempted murder. read more
Dennis Rollins presents Griots T' Garage, Harrogate Festival, July 26
YOU will hear Dennis Rollins's trombone tomorrow night at the Old Swan Hotel, Harrogate, but he will not be playing it live in his Griots T' Garage show. read more
Performers fight street café scheme
STREET artists and performers in York say plans to put tables and chairs in King's Square will bring an end to decades of tradition in the city centre. read more
Drax to ramp up biomass conversion after Government subsidy announcement
DRAX could become a predominantly biomass-fuelled generator of electricity in about five years, it has said after the Government published its final decisions on support levels for biomass. read more
Don't push out all the great buskers
I WAS surprised reading your reporting of York's new chocolate attraction's application to put chairs in King's Square that there was no mention made of the disastrous impact this will have on the high-quality street shows that have been taking place in the square for the past 30 years (The Press, July 20). read more
Not Disneyland at all
I READ Gillian Holmes' letter likening the planned restoration of All Saints' Church in York to Disneyland with dismay (Letters, July 20). A little over a week ago we attended vespers there, this service being faithfully reproduced from services in use 800 years ago. read more
Tipping points...
I WAS interested and amused by Sue Nelson's experience in Cape Cod recently (The Press, July 23) as my wife and I have had similar occurrences on visits to America – twice. read more
Cash is only a drop
BIG news yesterday morning – we are all bringing the country down by paying cash for services. Exchequer Secretary David Gauke is clutching at straws. Should we not ask the EU to give us an account of what they are wasting on our behalf – trillions. read more
This gun tragedy
HOW sad that yet again people have been killed in the USA by a random shooter. I thank goodness for the gun laws that operate in the UK and wish there were more control here. read more
Norton trainer John Quinn on course to celebrate Yorkshire Summer Festival
The latest round of the Yorkshire Summer Festival takes place at Doncaster tomorrow evening and Norton trainer John Quinn has every chance of getting in on the act. read more
The right arms
The representation of York's arms which you provided to illustrate the letter from Father Stephen on July 20 may well be a traditional usage of the arms, but they are not the official Arms of the City. read more
City's litter duty
HAVING been nominated for a Community Pride Award eight years ago for my litter-picking efforts, which still continue, I have been struck by letters in The Press recently criticising the cleanliness of the city and in particular the council's decision to remove a large number of street litter bins. read more
Displaying 1 to 50 of 94


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text: The title should say it all. I have camped all over Europe and the UK and this place was the worst. 1. It is overpriced - It cost 31 Euros for one night (2 people, small tent, small car) 2. It is noisy - near a main road, gardeners start about 7am 3. There is little privacy from other tents... More


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Tower design True-Air Allergen reducing air cleaner will clean a large room up to 160 square feet (13 x 12 average size). Never touch a dirty filter again - just vacuum the permanent HEPA grade filter clean. Low maintenance expense as you never have to buy replacement filters. Ultra quiet 3 speed motor. Use in upright position or on it's side for placement virtually anywhere in the home. Effective at removal of virtually all air borne allergens - including mold spores , pollen, pet dander.
Filter Results |
Good air purifierPros: Permanent filter and I don't need to buy filter to replace. Cons: A little noisy. Did you find this review helpful? |
legitPros: when the sun shines through the window onto the floor, i can't see a single dust spec in the sunbeam when this filter is on low. it's been a great help in my basement. Cons: none Did you find this review helpful? |
Nice little filter for the pricePros: Wife and I needed a HEPA filter that would fit under our bed because the dust bunnies were appearing weekly and were huge. The filter has three settings and does an excellent job filtering so far. I usually have it set to Med during the day and Low "silent" at night. Great product. Cons: Plastic is quite malleable but seems durable none the less. Did you find this review helpful? |
Great FilterPros: This is the best air purifier available (for the money), I't quite, easy to clean, and great quality material, I've been using mine for 2 years straight non-stop (except when cleaning). I'm allergic to dust (I think everyone is), and pollen, my morning alarm used to be a sneeze, follow by another sneeze... Those days are now over. Cons: None... Other Thoughts: You can add additional Carbon Filter upfront to help reduce dust particles to get through, for an additional $7.00 a box (which will last for about 2 years), makes a huge difference. 0 out of 1 people found this review helpful. Did you? |
Does what it's supposed toPros: Able to stand it up or lay it on its side, depending on space availability. Runs pretty quite, unless turned up high (expected). Moves a decent amount of air to be so small. Cons: none Other Thoughts: Definitely a one bedroom purifier. Did you find this review helpful? |
Pros: Exactly what we need. This little eat 2 teaspoon dust(only) quietly at whisper clean mode every 2 weeks at New York City. easy clean, and Yes, It couldn't decrease our spring allergy symptom at all but absolutely can tell the difference of dust decrease over the table\TV\computer or in air. Cons: PRICE! Other Thoughts: give it 5 eggs, cause we wish it could be continue output, we might return to buy more when our old one died, but only until we found other replacements if they don't drop their price. Did you find this review helpful? |
Works like it's supposed toPros: Works like it is supposed to. Sort of a large vacuum that sucks up dust and what not all day long. I felt results the next morning, I am less stuffy than I usually am in the mornings. Cons: Loud on high, noise is significantly lower on medium. I don't mind the noise so not enough to subtract an egg. Other Thoughts: I clean this thing out about once every week. There is always a considerable amount of dust in the filter. I prefer it not having an ionizer, no ozone smell for me, thanks! Did you find this review helpful? |
AwesomePros: These things are small, but are powerful BUT silent. I put one in the bedroom and one in the livingroom, 2900sqft 2 story home. My wife stopped sneezing and was breathing better in an hour. Amazing Cons: The filters dont vaccuum themselves Did you find this review helpful? |
Has to be on max to really make a differencePros: Air is noticeably less "chunky" after having it going on max for a few hours Cons: poor airflow when on side Other Thoughts: Buy this on sale, turn it all the way up when you leave in the morning, and turn it back down when you come home, and it will work for you. 1 out of 1 people found this review helpful. Did you? |
Very disappointed!Pros: Fairly small, fits on a shelf or can be put upright. Cons: Doesn't do much. Other Thoughts: I bought this for my small bedroom where there's usually a lot of dust. After about a week, there's just as much dust on my furniture and computer. The dust filter has gathered VERY little dust. It has no ionizer so it's basically just a slow vacuum. I read some reviews and they were actually pretty good so I decided to go with this one but honestly, I regret my purchase. 1 out of 5 people found this review helpful. Did you? |


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A human cadaver is sacrificed in order to catch Pelant. watch
Bones fans will get a double dose of action this week.
The show will air a new episode on Monday (8/7c, Fox) before shifting into its new timeslot (Fridays at 8/7c) later in the week. And even though lead characters Dr. Temperance Brennan (Emily Deschanel) and FBI agent Seeley Booth (David Boreanaz) recently got married, executive producer Stephen Nathan insists the show is nowhere near finished.First Look: Bones' bachelorette bash"It is a new era, but we never thought [the wedding] was the end," Nathan tells TVGuide.com...read more
When the Bones producers announced at Comic-Con in July that Booth and Brennan would indeed tie the knot this season, many fans were surprised to learn how early in the season it would happen.
And they weren't alone! "I thought if we ever got married, it would be the series finale," star Emily Deschanel tells TVGuide.com...read more
The team plans to stage a human cadaver that's been willed to the Jeffersonian in a way that Pelant would stage a murder.
Irene in Time -- MoviesTrailer.org - Trailer (Flash)
Irene in Time -- MovieMaze.de - Trailer (Quicktime & Flash)
Irene in Time -- AZ Movies - Trailer (Flash)
more Andrew Leeds Clips & Interviews videos
A film about the complex relationships between fathers and daughters, and the potential lifelong consequences of those relationships.
more Andrew Leeds Movies videos
When a former Romanian Communist leader and suspected war criminal is discovered to be living in Los Angeles under a false identity, the NCIS: LA team must locate him before he disappears again. (TV-14 L, V) Also available on iTunes, Amazon Instant Video and VUDU
A human cadaver is sacrificed in order to catch Pelant. Also available on iTunes, Amazon Instant Video and VUDU
Jeff and Skye remain in hiding from the True Believers. Nate tries deciphering the copy of Kellian's manuscript but Cameron remains skeptical that Nate can uncover some answers. Also available on iTunes and Amazon Instant Video
In the series finale, Jeff makes Stuart an offer to exchange Nate for answers, but Nate convinces Jeff that they need to see this mystery through to its conclusion.
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Until CBS stops going for Broke, it may be hard for Mom, one of the season's more promising and pungent new comedies, to get the break it, and the title character, deserves. What's happening to CBS on Monday with its once-dominant comedy lineup is a slow-fade version of the freefall NBC experienced with its Thursday lineup in the wake of Friends. Holding on to shows too long (How I Met Your Mother, which could have wrapped this whole thing way earlier), promoting shows too soon with too little to offer (the shrill and increasingly charmless 2 Broke Girls), making odd decisions like keeping the award-winning Mike & Molly on the shelf in favor of an insta-dud like the abysmal We Are Men, this is one of those rare nights when CBS's programming acumen has mostly crapped out. (Monday's loss is, of course, Thursday's gain, with former Monday anchors The Big Bang Theory and, to a lesser degree these days, the played-out Two and a Half Men helping get early sampling for newbies The Millers and The Crazy Ones.)
David Boreanaz and Emily Deschanel have spent a week at Walt Disney's historic Golden Oak Ranch in Santa Clarita, Calif. But this is not a relaxing getaway for the Bones stars. They are here shooting scenes in which their characters, Special Agent Seeley Booth and Dr. Temperance Brennan, go undercover as their trashy alter egos Tony and Roxy to investigate a murder at a couples' retreat. During a break in filming, Boreanaz, sporting a tank top, red velour sweats and a thick gold chain, sits next to his leading lady, who is dressed down in tight blue slacks and oversize shades, to talk about the drama's ninth season. It's the year the crime-solving duo say "I do" in a guest-star-filled wedding (Ryan O'Neal and... read more
This summer, Bones creator Hart Hanson did something he hates doing: He gave viewers a huge spoiler.At Comic-Con in July, Hanson told thousands of gathered fans that -- despite the Season 8 cliff-hanger that saw Booth (David Boreanaz) turn down a long-awaited proposal from Brennan (Emily Deschanel) because of a threat from serial killer Christopher Pelant (Andrew Leeds) — Booth and Brennan will be getting married this season. "It was a sad enough season-ender that we wanted to tell people, 'You know what? This works out alright,'" Hanson tells TVGuide.com.Fall Preview: Get scoop on your favorite returning showsAs such, crafting the Season 9 premiere (Monday at 8/7c, Fox), which takes place a few months after where the finale left off, became a bit tricky. After all, before that happy day comes, Booth and Brennan have to work through the consequences of Booth's lie. "We had to figure out: 'How do we continue telling the story of these two people in an honest way?'" executive producer Stephan Nathan says... read more
Things could get a bit physical on Bones this season. The Fox drama has booked Ultimate Fighting Championship star Chuck Liddell to guest-star on the new season's fourth episode, TVGuide.com has learned exclusively. Fall Preview: Get scoop on your favorite returning showsBuilding off his real-life persona, Liddell will play a mixed martial artist considered to be the toughest guy in the world. However, his connection to the case of the week will provide some interaction with Booth... read more
The last season of Bones may have ended on a sad note for Booth and Brennan, but there are happy days ahead for the on-again, off-again couple.
"We're not fooling you; they will be getting married this season," creator and executive producer Hart Hanson told a jubilant crowd at... read more
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In his yearly update to the Bradley County Commission, Smith estimates revenues of more than $19 million from 2012-16 from payments in lieu of taxes and Spring Creek developments.
"I've gotten calls from other county officials ... no one in Tennessee is (projecting) this kind of revenue in the next few years," Smith said.
Smith said of this projected revenue only $4,488,425 is already allocated for future projects.
Projected revenues from Wacker Polysilicon North America, Amazon and Spring Creek have increased over last year due to expansion of the projects.
Smith said the revenue from Amazon's expansion would begin to be collected this year.
The projected numbers also include revenues from P&G Duracell, Linde North America and an expected PILOT for expansion at Mars Chocolate North America.
"There are some areas that remain flat ... (but) we also have some good news on expansions," Smith said.
One area that remains flat is residential construction.
"Our residential building is not very strong," Smith said.
However, with new businesses coming in and current ones expanding, business building is where revenues are originating in the near future.
Smith said he hopes with business expansion, residential building will also pick up, stating this is where a lot of revenue growth in the past originated.
He projected it would be two to three years before there is a significant increase in this revenue.
While projected numbers look good, Smith cautioned the Commission that at least one more year of tough times is ahead.
"We're still in for another year to 18 months of tight, tight budgets," Commissioner Chairman Louie Alford said.
Smith said the projected revenue will give the Commission some options moving forward.
"We need to really sit down and plan how we are going to spend this, where it should be put," Alford said.
The new numbers and the final numbers for the 2012 budget year will be used to update the county's long-range plan.
Mayor D. Gary Davis pointed out the projected revenue is currently divided a number of ways for allocation. He said how the revenue is allocated could be changed in the future by the Commission.
There are also two projects that were not included in last year's projections because the Commission has not officially approved funding. These include funding for a veterans home and the new industrial park.
Several commissioners stressed that this was the first time they were seeing this information and there was no way they could have had this updated information before the wheel tax referendum.
Smith said exact numbers of the projects were being worked on as late as Friday.
During the report Smith also highlighted the county's accounts that had been transferred to CapitalMark.
"We were able to almost triple all of the county returns in these accounts," Smith said.


text: Trail along Eastern Oregon river is a gem Share this story email Share this story «Previous 1 of 2 Photos Next » Read the story «Previous Next » « » Outdoors Hiking North Fork John Day The Bigfoot Hilton, a dilapidated miners cabin shown near Sumpter, Ore., June 23, 2013, is the turnaround spot for a 5.2-mile round trip hike along the North Fork John Day River trail. The North Fork trail is one of the longer paths in northeastern Oregon, at a backpacker-friendly 25 miles, but itís also well-suited for day-hikers. (AP Photo/Baker City Herald, Lisa Britton)


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Barbara Corcoran's Tips for Home Buyers, Sellers
The Corcoran Group founder Barbara Corcoran on calls to eliminate the mortgage deduction and offers tips for those looking to buy or sell a home.
May 15, 2012
You're watching...
The Corcoran Group founder Barbara Corcoran on calls to eliminate the mortgage deduction and offers tips for those looking to buy or sell a home.
May 15, 2012
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-- fighting to -- the mortgage deduction at a time homeownership rates reach a fifteen year low.
For more I'm joined by real estate mogul Barbara quadrant founder of the Corcoran Group welcome back to the show Barbara that have -- Well do you agree with me.
A sort of I agree and that it's wildly unpopular idea that I don't think we'll go anywhere but there's a lot of talk also about people editing at slightly the second homeowners.
Can run very high price home I think that can go over.
But I also think it's -- -- as an incentive for buyers in any market house so.
Because I don't think it's less on the list as to why people buy and it's not it's not Panasonic plus when -- do the math on any given homeowner actually doesn't that.
It's always a little bit less of the benefit than they really perceived TP.
But what about people who are in homes now and want to hold on to them.
Those -- the people we're worried about here you're right to worry about -- and I have to say that these are exactly the people that should be shored up vs broken down and I do wholeheartedly agree that the market has.
Already turned the corner I don't know if you quite went that far but I believe it has filed just while having the momentum I think the -- we -- -- to slam somebody in the head.
Well I -- you to respond to something Paul O'Neill former secretary Treasury Secretary Paul O'Neill said on our show about that he wants to take away out a lot of deductions here's what he said.
I think fundamental reform of the tax system is what we need to do it needs to entice -- he's been clear -- An obvious to everyone no credit no deduction by unclear how many kids you have I don't care what you want.
A home mortgages that's between you and your family so no -- -- action we the people should not -- so I think anything we should use the tax code to raise money.
Not to re distribute much.
All right so we added to that which I thought was really interesting and something a lot of people are talking about now.
That everybody in every instance when they're buying home.
Should the 20% down -- you agree with that no I don't I mean it's very popular right now that people should be putting a chunk of change on the -- wouldn't buying.
But that eliminates probably 80% -- first time homebuyers.
What happened to the helping hand we always gave them just to get started in the business to get their first home I think that's essential.
And bankers to -- why can't -- for all kinds of products instead just one plain Vanilla mortgage well they do offer.
All kinds of product but why are they so tough.
On qualifying people because everybody is overreacting to the problems we had since some real estate bubble burst.
And now it's so difficult for any average showings but that's what some regulators are suggesting is that we go with the plain Vanilla mortgage that applies to everybody which makes no.
Sense at all because people situations are so very different and I think -- -- I think certainly you know that's something happened anything -- never passes Muster it never really happened to salon brave talk that doesn't amount to anything.
You know I mentioned before that homeownership rates are dropping -- -- there's a big debate in this country right now about the value homeownership isn't a good thing.
Of course it is but it's lost its shine for so many people it used to mean stability hasn't presented that to people in more.
Many people owe more on the mortgage of course you know that and they kids than the home is worth.
But what is happening now is people don't have any shame about saying they prefer to rent it to some flexibility and they feel like that he get in and out easily.
And they really don't want to -- -- house and -- cassette lost confidence in but I still think it's a single best thing to do.
And 80% of -- -- markets across America it's still cheaper alright now.
-- -- -- -- It's not just -- brains and the rents are only getting higher.
Exactly well OK we talked last time you said that you should look -- homes on the market.
That have been there for over six months and at least 25% over what you think you could afford and then go offer what you can afford you still believe and I.
Certainly do this nothing wrong with putting in a -- being the worst happens is you get to know if it's gonna her chick ego and make -- go home crying and I certainly get some -- got to put the offering for you.
But I think all of my -- homes by shopping over what I could afford and putting in -- the -- house that sat on the market before too long.
I wanted to get some -- -- -- viewers love that now people who are what most at risk right now probably sellers still nervous still don't know what to do.
I your tips include don't gut.
Yeah why.
Is you get the money back no reason 100 improvements which you really want to focus on the surface changes that all -- the house.
Make it look a little bit pretty and that's all the she won't get the cash back -- If they don't buy before yourself of course that's approaching mortgages and can't be that certain putting.
You -- -- I thought this was interesting you say good photos sell -- that's so true.
Because what we were looking we spent all -- time looking at the picture yet and it's a new carpet he'll know what you knowing drives -- -- the real -- what does it look like.
How much worked as -- Every when shops for themselves online if you pictures don't look -- nominal.
You're not gonna get -- shopping -- and of course inspections are G when I say that when you say that.
I mean somebody who really knows what they're doing -- When you get -- home inspection before you sell your home.
And you'll be so thankful because you could correct everything wrong as a -- is gonna make you double pay for it when they find out what's wrong.
-- -- I've seen that over and over again now.
Now if you are buying in this market -- the -- early Easter right and it's not you know Placer of course you have to really pay attention to what the motivation to sellers is that seller.
Is rated it already committed to something else of course you could get a Greek deal there.
But -- -- truly motivated they have nowhere to go.
-- a good you still won't get a great deal on that and I think people don't understand your vote you need the facts of the marketplace for example how long -- that house been on the market.
Everyone knows asked that and it's certainly in guidance on enough -- important factor or -- -- what's.
Average per what's selling price in our neighborhood that's a great equalizer and the levels of the house and we'll make sure that you don't know -- -- Innuendo -- in this -- or in foreclosure in that neighborhood right.
You can just count the full closure signs -- -- is more than two -- three plots that market is still falling from them.
And while I know people say they want to wait.
Until the market stabilizes can you actually call it like.
You can't pinpoint where the market bottom is voluntary them a sure sign that the market's turned around is when you get over bidding.
And 25 the fifteen major markets right now -- appreciate it already by up to 15%.
And people are over bidding so really the bottom of the market if you're making me guess I would say those two months ago.
Wow so half of the markets.
We've got to watch him upon markets are already on the rise by a lot 12% plus hearing somebody -- something positive not just a positive tied in how I guess.
Guilty as charged Barbara Corcoran thanks for coming on -- thank you yeah.
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By Wallace Witkowski, MarketWatch , Saumya Vaishampayan
SAN FRANCISCO (MarketWatch) — U.S. stocks fell sharply on Tuesday hit by growing jitters over the budget impasse in Washington, with the partial government shutdown extending into a second week with few signs of a deal to end it or raise the nation's debt ceiling.
The Dow Jones Industrial Average /quotes/zigman/627449/realtime DJIA -0.66% dropped 159.71 points, or 1.1%, to close at 14,776.53, after touching an intraday low of 14,773.47. The biggest decliner was Visa Inc. /quotes/zigman/502306/delayed/quotes/nls/v V -1.08% , down 2%, with J.P. Morgan Chase & Co. /quotes/zigman/272085/delayed/quotes/nls/jpm JPM +0.43% and International Business Machines Corp. /quotes/zigman/230066/delayed/quotes/nls/ibm IBM -1.04% both finishing down about 1.8%.
The S&P 500 index /quotes/zigman/3870025/realtime SPX -0.38% fell 20.67 points, or 1.2%, to 1,655.45, extending prior-day losses that pushed the index to a four-week low. The worst performing sectors were telecom, materials, and consumer discretionary. Near the close, the S&P 500 traded as low as 1,655.03.
Obama looks to pressure GOP on budget
President Obama looked to raise pressure on Congress to end a week-old partial government shutdown as the House and Senate headed down separate tracks to break a stalemate on government spending and the nation's borrowing limit. Photo: AP.
The Nasdaq Composite /quotes/zigman/12633936/realtime COMP -0.14% dropped 75.54 points, or 2%, to end the day at 3,694.83, soon after touching an intraday low of 3,694.15, reflecting Tuesday's weakness in the technology sector.
The CBOE Volatility Index, or so-called "fear index," topped 20 for the first time since June and was up 5.4% at 20.45 in recent activity.
In a press conference , President Obama said he is happy to negotiate with House Republicans but not under the threat of keeping the government closed or not raising the debt ceiling. "We're not going to pay a ransom for America paying its bills," Obama said.
House Speaker John Boehner said Tuesday that Obama and Democrats need to negotiate over the U.S. debt ceiling and shutdown. "I'm not drawing any lines in the sand," he said in response to whether he wanted a specific amount of debt reduction. Obama and Boehner talked by phone on Tuesday and the president reiterated he will not negotiate over the shutdown or the debt ceiling.
Obama said Monday there are enough votes in the House to pass a debt-ceiling increase and end the shutdown without further concessions from Democrats, rejecting Boehner's assertion that the votes aren't there.
The House of Representatives isn't likely to pass a debt-ceiling increase this week , according to a report in Politico. A failure to raise the debt limit by Oct. 17 would mean the U.S. couldn't borrow money to pay its bills, triggering an unprecedented default, Treasury Secretary Jack Lew has said.
Stocks have been pretty resilient so far during the shutdown. Since the shutdown started on Oct. 1, the Dow industrials are off by 2.3%, the S&P 500 is down 1.6%, and the Nasdaq is off by 2%, with Tuesday's losses making up a big part of the month-to-date loss.
The continued rhetoric out of Washington is sapping optimism that the shutdown and debt ceiling are going to be resolved by Oct. 17, said Robert Pavlik, chief market strategist at Banyan Partners.
"There's not a lot of interest to buy when the rhetoric is negative and there's no soon end to it," Pavlik said. Also, taking away interest to buy is the S&P 500 dipping below its 100-day average.
Lacking optimism that there will be any resolution in Washington soon, there are very few investors willing to buy on the dips, he said. That waning optimism is having a particularly negative effect on so-called "momentum" stocks such as Facebook Inc. /quotes/zigman/9962609/delayed/quotes/nls/fb FB +4.96% , Priceline.com Inc. /quotes/zigman/90481/delayed/quotes/nls/pcln PCLN -0.24% , and Tesla Motors Inc. /quotes/zigman/118681/delayed/quotes/nls/tsla TSLA +5.60% , Pavlik said. Facebook closed down 6.7%, Priceline fell 4.2%, and Tesla dropped 4.6%.
"Clearly, everyone is waiting to hear some news out of Washington, D.C.," said Peter Sidoti, chief executive officer of Sidoti & Co. The shutdown "is overshadowing earnings and the underlying economy, which continues to get better," he said.
McKesson Corp. /quotes/zigman/247413/delayed/quotes/nls/mck MCK -1.00% shares closed up 3.2%, one of the top gainers on the S&P 500 after The Wall Street Journal reported that the company was in advanced discussions to buy competitor Celesio AG /quotes/zigman/422736/realtime DE:CLS1 -0.87% .
Shares of TripAdvisor Inc. /quotes/zigman/7619815/delayed/quotes/nls/trip TRIP -0.23% declined 5.5% for its fourth straight session of losses.
Declining stocks outnumbered advancers by more than four to one on the New York Stock Exchange and the Nasdaq. Composite volume topped 3.5 billion shares for NYSE-listed stocks and 2 billion shares for Nasdaq-listed stocks by the close.
A shutdown of a month or longer could prompt a 20% to 30% correction in the stock market , according to strategist Barry Ritholtz. A prolonged government shutdown could also push out expectations for a slowing of the Federal Reserve's monthly bond purchases, which could support stocks. Economists at Bank of America Merrill Lynch expect a shutdown of two weeks will shave 0.5 percentage points off fourth-quarter GDP.
In other markets, gold futures closed down slightly and crude-oil futures gained.
The dollar inched higher versus the yen, a day after hitting a nearly two-month low against the Japanese currency.


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DAYTON, Ohio - Regional officials are urging that Wright-Patterson Air Force Base stay split between two southwest Ohio congressional districts to maintain its clout in Washington.
On Tuesday, the Dayton Area Chamber of Commerce and the Dayton Development Coalition sent a letter to Gov. John Kasich and state legislative leaders. The groups expressed concern that redistricting could place the base within just one district. They say that could threaten efforts to protect Wright-Patt and its more than 27,000 workers.
TOLEDO, Ohio - A panel dominated by Republicans will begin the task of redrawing congressional district lines for the next 10 years.
What's known as the Ohio Apportionment Board meets for the first time Thursday. The board members are the governor, state auditor and secretary of state - who are all members of the GOP - plus one lawmaker from each party.