Tuesday, September 11, 2012

Stock futures signal firmer open

Stock futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 and Dow Jones up 0.2 percent, with Nasdaq 100 futures 0.1 percent higher at 0859 GMT.

European equities <.fteu3> eased on Tuesday, with investors taking profits after a rally to 13-month highs on concerns about the strings that Germany may attach to the euro zone bailout fund and the chance the United States may not deliver widely awaited stimulus.

July U.S. international trade numbers will be released on Tuesday at 1230 GMT, with September U.S. IBD consumer confidence numbers due at 1400 GMT.

Package delivery companies FedEx Corp and United Parcel Service Inc have received approval to provide express-package services in some cities of China on their own, the country's State Postal Bureau (SPB) said on its website last week.

Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the United States, J.P. Morgan's chief economist Michael Feroli said in a note to clients on Monday.

Zynga Inc's chief marketing officer resigned on Monday, becoming the latest senior executive to depart the struggling social games company behind popular Facebook Inc games such as Farmville.

Security software maker Palo Alto Networks , which went public in July, promised shareholders continued revenue growth after it beat fourth-quarter revenue and earnings estimates on rising demand for protection against network security attacks.

The board of General Growth Properties Inc on Monday rejected activist investor Bill Ackman's call for the company to consider selling itself, saying its shareholders would be best served by the company sticking to its current business plan.

Wall Street stocks fell on Monday, with the Dow Jones industrial average <.dji> off 52.35 points, or 0.39 percent, at 13,254.29, the Standard & Poor's 500 Index <.spx> down 8.84 points, or 0.61 percent, at 1,429.08, and the Nasdaq Composite Index <.ixic> off 32.40 points, or 1.03 percent, at 3,104.02.

(Reporting by Tricia Wright; Editing by Catherine Evans)

Source: http://news.yahoo.com/wall-street-drops-fed-tech-sector-weighs-000217158--sector.html

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Monday, September 10, 2012

Japan to buy disputed islands, angering China

FILE - In this Sept. 2, 2012 file photo, the survey ship Koyo Maru, left, chartered by Tokyo city officials, sails around Minamikojima, foreground, Kitakojima, middle right, and Uotsuri, background, the tiny islands in the East China Sea, called Senkaku in Japanese and Diaoyu in Chinese. Japan's government says it has decided to purchase several disputed islands from their private owners in a step that is likely to anger China. Chief Cabinet Secretary Osamu Fujimura said Monday, Sept. 10 that Japan plans to buy the three uninhabited islands from a Japanese family it recognizes as the owner. (AP Photo/Kyodo News, File) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCE

FILE - In this Sept. 2, 2012 file photo, the survey ship Koyo Maru, left, chartered by Tokyo city officials, sails around Minamikojima, foreground, Kitakojima, middle right, and Uotsuri, background, the tiny islands in the East China Sea, called Senkaku in Japanese and Diaoyu in Chinese. Japan's government says it has decided to purchase several disputed islands from their private owners in a step that is likely to anger China. Chief Cabinet Secretary Osamu Fujimura said Monday, Sept. 10 that Japan plans to buy the three uninhabited islands from a Japanese family it recognizes as the owner. (AP Photo/Kyodo News, File) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCE

(AP) ? Japan's government said Monday it has decided to purchase several disputed islands, prompting China to angrily warn of "serious consequences" if it proceeds with the plan.

Chief Cabinet Secretary Osamu Fujimura said Japan will buy the three uninhabited islands in the East China Sea from a private Japanese family it recognizes as the owner. China and Taiwan also claim the islands, which are part of what Japan calls the Senkakus and China the Diaoyu group.

Fujimura said the decision to nationalize the islands reflects Japan's desire to create a "stable and secure" environment, not to anger China.

"We hope there will be no misunderstandings," he said.

China's Foreign Ministry responded swiftly, saying Beijing would not "sit back and watch its territorial sovereignty violated."

"China strongly urges Japan to immediately stop all action to undermine China's territorial sovereignty and return to a negotiated settlement to the dispute. If Japan insists on going its own way, it will bear all the serious consequences that follow," the ministry said in a statement.

It did not specify the possible consequences.

State-run China Central Television reported that Foreign Minister Yang Jiechi summoned the Japanese ambassador to protest the plan.

Fujimura said the decision to buy the islands was made at a meeting of Cabinet ministers who are involved in the purchase plans. The full Cabinet, led Prime Minister Yoshihiko Noda, is expected to approve the decision on Tuesday.

Supporters think having the government own the islands will strengthen Japan's claim and control over them and send a tougher message to China.

Under the nationalization plan, the islands are to be left as they are now. China does not recognize the Japanese family's deed to the islands as legitimate.

In April, the outspoken nationalist governor of Tokyo announced that he was hoping that his city would buy the islands and push for their development, a move that would have inflamed relations with China even more.

The dispute has long been a flashpoint in Japan-China relations, and has been heating up in recent months.

Earlier this month, the city of Tokyo sent a team of experts to waters around the islands to survey fishing grounds and possible sites for development, a move that was strongly criticized by China. Activists from Japan and Hong Kong briefly set foot on the islands last month, and hundreds of Chinese have held street protests in various cities in recent weeks.

The dispute over the islands boiled over into a major diplomatic tiff between the two neighbors after a Sept. 7, 2010, incident in which a Chinese fishing boat collided with Japanese coast guard ships near the islands. The fishing boat captain was arrested and later released.

___

Associated Press writer Louise Watt in Beijing contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-09-10-Asia-Disputed%20Islands/id-d6261912d8934e41913edfd56c2d08be

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Sleepy Taiwan isles face dicey $2 billion makeover

BEIGAN, Taiwan (AP) ? Cheng Yu-lan, an elfin-looking woman of 55, surveys the terraced courtyard outside her deserted Matsu tea shop and considers the $2 billion bonanza about to wash over the offshore Taiwanese archipelago ? a bonanza that seems set to change the lives of its 7,000 people beyond all recognition.

In early July, some 3,000 Matsu residents voted 57 to 43 to permit casino gambling in this onetime Cold War flashpoint, immortalized during the 1960 American presidential campaign when John F. Kennedy and Richard M. Nixon traded barbs over possible American aid in the event of an attack from mainland China, just 16 kilometers (10 miles) to the west.

Their votes were clearly influenced by the promises of American businessman Bill Weidner, who pledged not only to build a new casino, but also a world-class tourist resort, a vastly expanded airport, a 3-kilometer (2-mile) bridge linking Matsu's two main islands, a university designed to train some of the 5,000-people needed to run the facilities, and perhaps most alluring of all, a monthly payment of 80,000 New Taiwan dollars ($2,666) for every Matsu resident five years after the casino opened.

For a place with just the barest patina of industry and agriculture, a place with just the barest patina of anything at all in fact, except for heart-stopping natural beauty and the presence of tens of millions of increasingly prosperous Chinese consumers just across the waters of the East China Sea, the choice might have seemed clear.

"Of course I voted in favor," said a wizened looking woman who identified herself only by her surname, Lin, as she lazily prepared hong dzao, a sorghum-based sauce that is a staple of local cooking. "With all this money how could I not?"

But to Cheng and other Matsu natives ? even people who voted "yes" ? the issue is anything but simple, complicated by serious concerns over the environment, and the possible introduction or drugs and organized crime into their placid island home.

"To say whether this project is either good or bad is very difficult," said Cheng, proudly showing a visitor the traditional southern Chinese furniture she has painstakingly assembled in her dimly lit tea shop. "There are both pros and cons, good points and bad."

Weidner's head of Asian operations, Hong Kong-born Eric Chiu, acknowledges Cheng's worries, but says that he and the company he represents will safeguard Matsu's traditional culture even as they develop a world-class casino and resort complex that will attract visitors from all over Asia.

"The key to this project is good management," he says. "And we will provide that management."

Weidner's Matsu development is part of an overall effort by international gaming moguls to take advantage of the seemingly insatiable demand of Chinese nationals with increasing amounts of disposable income to try their luck at casino gambling. The practice is banned within China itself, but in places like the former Portuguese colony of Macau, Chinese high rollers and slot machine addicts alike are betting billions of dollars annually.

Matsu's proximity to 40 million people in northern Fujian and southern Zhejiang provinces ? to say nothing of the 23 million in Taiwan itself ? make it a natural to join the list, Chiu says. He says he expects the project will draw a million visitors during its first year of operations ? still 4? years off based on the year and a half needed for Taiwan's legislature to iron out oversight details, and the additional three years required to complete construction. By year five, he says, the Matsu venture will be hosting about 4.5 million visitors, about 70 percent from mainland China. Monthly payments of NT$18,000 to each of Matsu's 7,000 residents will begin in year one, he says, rising to the NT$80,000 figure in year five, based on the expected arrival figure of 4.5 million.

That's a very compelling lure in an area decimated by the withdrawal of upward of 90 percent of the Cold War military garrison of more than 10,000, demobilized in the wake of the gradual decrease in tensions with China that began in the early 1990s.

Together with Kinmen ? also known as Quemoy ? Matsu is one of the two island territories chockablock that Nationalist leader Chiang Kai-shek retained when he retreated to Taiwan following his defeat on the Chinese mainland at the hands of Mao Zedong's Communists in 1949.

Its onetime frontline status is memorialized today in the shape of countless monuments to the bygone days of military confrontation: Tunnels for protecting vital military equipment, anti-aircraft machine guns placed on strategic hilltops, pillboxes overlooking likely routes of enemy egress, tanks and armored personnel carriers dotted around the hilly landscape.

With the military garrison now only a shadow of its former self, Matsu today exists largely on the proceeds of a modest tourism industry ? the county government says annual arrivals are 100,000 ? and the manufacture of a sorghum based liquor, which unlike the gaoliang produced on fellow offshore territory Kinmen, has only limited popular appeal.

Matsu's relative backwardness is plainly evident on the island of Beigan, ground zero for Weidner's proposed casino.

Beigan has little in the way of commerce ? no department stores, no supermarkets, no markets at all in fact ? only a couple of panel trucks that sell fruits and vegetables imported from mainland Taiwan. It boasts neither hospitals, clinics or even doctors, except those serving the needs of its few remaining soldiers. Its airport, which caters to three daily propeller flights from Taipei, is a leisurely two-minute walk from the somnolent village of Tangci, where the best food is probably found on the depleted shelves of the single convenience store, and the few retail outlets inhabit a complex of decaying concrete structures that are most notable for their low-wattage gracelessness.

What Beigan does have is spectacular beauty. From the 220-meter (670 feet) summit of Mt. Bi, a visitor looks down on the airport's single runway jutting out into the azure blue of the East China Sea, and beyond it, a fetching stretch of golden beachfront lying just below the verdant promontory selected as the site of the Weidner casino. To the south, a rocky coastline intersects with the picturesque village of Chin Be, where several of the original stone homes have been converted into tony bed and breakfasts, overlooking the Min River estuary and the wind farm-dotted hills of southern China's Fujian province.

Zheng Yu-zhe, a 23-year-old guide at the small military museum adjacent to the proposed casino site, said it is preserving this environment that convinced him to oppose the project.

"Beigan is known for its traditional Fujian architectural style," he said. "But if you build the casino project you will have to do all kinds of land reclamation and it will ruin the environment. So I voted against."

Land reclamation is certainly part of the project, says Chiu. He says it will be necessary to expand the Beigan airport so it can accommodate hundreds of thousands of annual travelers from China, Taiwan and beyond.

"We are thinking big," he says. "We want to create a Mediterranean of Asia resort in Matsu. A destination resort."

That kind of thinking is music to the ears of county magistrate Yang Suei-sheng, whose modest office on Nangan island, Beigan's southern neighbor, and the designated destination for Weidner's proposed 3-kilometer bridge, has become a beehive of activity for the casino project.

Asked why it is Weidner and not the Taipei government that will be shelling out the $400 million needed for the airport extension and the $200 million needed for the bridge, he just shrugged his shoulders and laughed.

"The government doesn't have any money," he said. "If you wait for them to pay for this it could take another 100 years."

Cheng says it is the bridge and airport expansion that most resonated for local residents when they voted to support the project ? even more than the obviously appealing promise of NT$80,000 per month.

"The bridge and the airport will make things so convenient around here," she said. "Much more convenient than ever before."

But despite voting "yes" herself Cheng says she still worries about the impact of the project on Matsu's young people, fearing that they may end up dealing cards, or partaking in other supposedly disreputable professions associated with the gambling industry, or even worse, being exposed to crime and drugs.

"Of course our young people will have jobs now," she says. "But it will not come without a price."

Source: http://news.yahoo.com/sleepy-taiwan-isles-face-dicey-2-billion-makeover-075536494--finance.html

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Saturday, September 8, 2012

Syrian state TV says second bomb explodes in Damascus

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Magic store owner gets 2 yrs; made cash disappear

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Forget four years ago: We&#39;re worse off than in 2011 - Fortune Finance

FORTUNE -- There's a lot of debate about whether or not we are better off than we were four years ago. But here's one thing that we can say for sure after this month's weak jobs report: Compared to a year ago, we are most certainly worse off.

Start with the headline number. In August, employers added 96,000 workers to their payrolls. That's actually better than a year ago, if only slightly. But that's only one month. What really matters is the trend, which is down.

QUIZ: Are you better off?

Over the past six months, the economy has added an average of 97,000 jobs a month. At this time a year ago, the six-month average was 136,000, meaning the economy was growing 40% faster than it is today.

For the whole year, the economy has added an average of 139,000 jobs a month. That's better, but still worse than a year ago when that figure was 143,000.

What's more, those numbers come from the survey of employers. When the Labor Department asks individuals, the picture we get is a good deal worse. Go by that survey, which many say does a better job of capturing new businesses and the self-employed, and the economy's gains plummet to an average of just 6,000 jobs a month since March, or nearly one-sixth fewer than we were adding in the same time a year ago.

MORE: Throwing cold water on the government's employment numbers

Secondly, the wage picture isn't improving either. The industry with the biggest hiring jump in August was restaurants, which are jobs, but not high paying ones. Employment in the manufacturing industry, on the other hand, dropped by 15,000. A year ago, the economy was still adding manufacturing jobs.

As a result, the average hourly wage for all workers fell in August by a penny to $23.52. That was up $0.40 from a year ago. But at just 1.7%, it's not much more than inflation. And it's less than the $0.49 increase we had a year ago. Of course, that's not a big drop in wage growth, but it's significant nonetheless. Higher wages means that employers are eager to add workers. That's clearly still not the case. And even if that's only slightly less so than a year ago, remember we're another year into the official recovery. Demand for workers should be significantly stronger at this point, not slightly worse.

MORE: Obama answers his critics

Then there are temp workers. Most economists believe temporary hires are a good indication of where the job market is headed. It's a way for employers to dip their toe in the water, and many of the jobs lead to permanent positions. A year ago, companies were adding temp workers, nearly 21,000 in August alone. That's not the case any more. Last month, employers cut the number of temp workers they had working for them by nearly 5,000.

Overall, you could still make the case that we are better off than a year ago. The number of unemployed people in the country, at least just counting those looking for work, is down 1.3 million in the past year to 12.5 million. And the unemployment rate dropped a full percentage point to 8.1%.

MORE: Why good jobs numbers won't last

But in the same time, the pace of people dropping out of the workforce is up too. That number rose by 2.7 million in the past year, or a half a million more than a year before that. Yes, some of those people voluntarily retired. But a good percentage of those people have just given up. That's probably the best gauge of optimism in the economy that there is. If you don't believe you can land a job, you basically don't believe in the economy. And as long as the number of people who lose faith in the economy is rising, it's hard to make the case that we're better off.

Source: http://finance.fortune.cnn.com/2012/09/07/worse-off-in-2011/

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Tips To Make Your Joomla Websites SEO Friendly - Nathan - Typepad

Internet-and-Businesses-Online:CMS Articles from EzineArticles.com

Tips To Make Your Joomla Websites SEO Friendly

Everybody wants CMS nowadays, Joomla is one of them & it is required to make a website as per the guidelines of the SEO techniques, so that the respected website can rank better in Google or any other search engine. Here you will get top quality SEO tips to make your Joomla hosted website a SEO friendly.

Internet-and-Businesses-Online:Spam-Blocker Articles from EzineArticles.com

Tips on How to Avoid Spam Emails

Nobody likes to find spam or any unwanted emails in their inbox. The problem is however that so many business men need the customers email addresses so that they can tell them as much as they can about their goods and services. So what should an affiliate marketer do about this situation?

Self-Improvement:Positive-Attitude Articles from EzineArticles.com

Who Said Changing Was Hard?

Often times what makes change hard is that resistance piece. Yes, even if we really want to change, we are resistant to it. Why?

Source: http://www.cursebuster.vpanelhosting.net/wordpress/?p=1785

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