Wednesday, March 11, 2009

Hillary Clinton relishes her job, but misses 'daily pleasures'

US Secretary of State Hillary Clinton, reflecting on her life in the public spotlight, said Saturday she misses ordinary pleasures but has no regrets about her choice of public service.
"It's very hard to go out shopping and just enjoy yourself out with your friends; it's hard to go out to a restaurant and have just a meal with some people you want to talk to without being recognized," she said during an interview on a popular women's programme on the Turkish channel NTV.

The former First Lady even answered questions about her marriage to Bill Clinton and the scandal of the Monica Lewinsky affair that overshadowed his presidency in the late 1990s.
When asked if it was love or friendship which enabled her to get past her husband's adultery, she answered smiling: "Oh, love! And forgiveness, and friendship, and family."
"You know, family, faith, friends are the core of my life and I don't know anybody whose life is smooth sailing. If you meet such a person, I want to know them, because I've lived a long time and I have yet to meet that person."

She added: "I sacrificed a lot of my privacy which I regret, I wish I did not have to."
After leaving the White House, she was elected US senator from the state of New York and last year lost her bid for the Democratic Party's presidential nomination to Barack Obama.
After Obama's election victory in November, she accepted his offer to become the US secretary of state -- a high-profile position on the world stage with little privacy.
She admits it is the ordinary things of life she misses.
"I like sitting in sidewalk cafes and coffee shops and watching people. That's impossible for me now. I enjoy shopping and I am not actually able to shop.... So it's the little daily activities and pleasures that you may not be able to enjoy quite as much."
Still, she added she had no regrets about her career choice.
"But there are a lot of benefits because I do feel that I can help people.... So I lose something but I gain something. That's kind of life, you know. You can't have everything, you have to make some choices, and I am very excited that I get a chance to serve my country in working with President Obama."

[SigmaForex Funding Methods]


Safety of funds plays an important role in any type of business; we make our best efforts to ensure protection of customers’ money.

Minimum deposit required for funding new accounts:
Our accounting department is ready to help you fund your new account or add funds to an existing account. For Standard Dealing Desk Accounts the minimum deposit is $ 500, and for the No Dealing Desk Accounts the minimum deposit is $ 2000.
Deposit instructions:
You must open a web account and associate it with your live account to insure security of transactions in your account

How to do so?
1. Open web account
2. Login and associate your Live Trading Account with your Web Account
3. Login to your Web Account and click 'Make a Deposit"

Deposit methods
1- Bank wire transfer
A wire transfer is a transfer of money from one bank account to another. The actual transfer is done by the bank, and neither the sender nor the recipient of the money sees or touches the actual funds.
Deposit Time
1-5 business days SigmaForex does not guarantee deposit times in the event of a margin call

Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.
Withdrawal Eligibility
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Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.
2- E-gold payments
Open www.e-gold.com- Create new e-gold account - Issue transfer request from your e-gold account to SigmaForex e-gold account.
Deposit Time
Immediate deposit SigmaForex does not guarantee deposit times in the event of a margin call
Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.

Withdrawal Eligibility
Immediate availability
Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.

You do not have an account yet?
Open Live Account

Hamas's popularity rises after Israel's Gaza war

Hamas's popularity among Palestinians has risen sharply since a three-week Israeli war in January devastated the Islamist-ruled Gaza Strip, an opinion poll released on Monday showed.
If an election were held today, Hamas leader Ismail Haniyeh would beat Mahmoud Abbas, the Western-backed Palestinian president and leader of Fatah who advocates a peace deal with Israel.
The face-to-face poll of 1,270 people by the Palestinian Centre for Policy and Survey Research was conducted on March 5-7 in the West Bank and Gaza Strip, as the factions tried to reach agreement on a unity government with Egyptian mediation.
Hamas, which Western powers shun as a terrorist organization, won a Palestinian parliamentary election in 2006 and seized control of the Gaza Strip the next year after fighting with Fatah.
Israel responded by tightening its blockade of the coastal enclave, increasing hardships for its 1.5 million residents.

The January war, which Israel launched with the stated aim of stopping cross-border rocket fire by militants, killed some 1,300 Palestinians, destroyed 5,000 homes and left much of Gaza's governmental and economic infrastructure in ruins.
"Despite the visible increase in the popularity of Hamas and Haniyeh," the pollsters reported, the overwhelming majority, 71 percent, believes Palestinians are worse off than they were before the war.
The survey said Haniyeh would garner 47 percent support, beating Abbas with 45 percent, if a presidential election was held today. Three months ago, Abbas received 48 percent and Haniyeh 38 percent.
But if the competition were between Haniyeh and Marwan Barghouthi, the popular Fatah leader currently imprisoned by Israel, Barghouthi would win by 61 percent to 34 percent, the survey showed.
Fatah, however, remains the most popular faction with 40 percent of overall support, compared to 42 percent last December, it said. The popularity of Hamas in the same period increased from 28 percent to 33 percent in the latest poll.
The most important priority for Palestinians today, in the eyes of 46 percent of the sample, should be the unification of the West Bank and the Gaza Strip.
Nearly two-thirds believe a Hamas victory in presidential and legislative elections would lead to the tightening of the Israeli blockade of the Gaza Strip, whereas nearly as many believe a Fatah victory would mean the end of the blockade.
Respondents in Gaza in particular believe a Hamas victory would perpetuate the blockade and the rift in Palestinian ranks.


[SigmaForex Withdrawal Methods]

To withdraw funds from your account Please make sure that you have sufficient funds in place to cover the the necessary margin required for your open positions, after your requested withdrawal.

No requests for transfers to persons other than the account holder will be processed.
SigmaForex may require further identification or documentation in order to complete your request.
Please Note that transfer fees and bank charges may apply, and depend on the form of transfer.
Please note that we try to process the withdrawal request quickly. However, it may take up to 5 business days, depending on the method of transfer.

Your withdrawal from sigma account will be in an efficiently, secure and fast, you can withdraw money from your SigmaForex account at any time.

Withdrawal steps:

1. Login to your web account
2. Choose your withdrawal method
3. Fill the withdrawal form and write down the withdrawn amount

Gaza aid convoy pelted with stones in Egypt

A British convoy led by MP George Galloway with medical relief for Gaza was pelted with stones and vandalized in the Egyptian town El-Arish on Sunday, an organizer said.
he convoy, which set out from London last month carrying relief supplies valued at one million pounds (1.4 million dollars), arrived in El-Arish, about 45 kilometers (28 miles) from the Rafah passage to Gaza, on Saturday.

"It's an absolute disgrace," convoy organizer Yvonne Ridley told AFP. "The power was cut. During cover of darkness members of our convoy were attacked with stones.
"Vandals also wrote dirty words and anti-Hamas slogans," she said. "Several people in the convoy were injured in the attack."
A security official told AFP that during a power cut, which is a frequent occurrence in the town, children had pelted the convoy with stones.
The convoy is expected to head to Rafah on Monday after a dispute arose between organizers and Egyptian officials, who had welcomed the activists, over the inclusion of non-medical aid in the convoy.
Egyptian officials have said they would allow medical relief through the Rafah passage but non-medical goods such as food would have to pass through Israel's crossings with the Palestinian enclave.
"George Galloway is still in negotiations," Ridley said. "What we have agreed to do is to separate the medical aid from the non-medical aid. The non-medical will go into Gaza via the Egyptian Red Crescent."

Ten Libyan trucks carrying medicine were allowed to transfer their aid to Gaza on Sunday, a border official said.
Egypt opened the Rafah crossing to aid and Palestinian wounded during Israel's 22-day war in Gaza in December and January, which killed 1,300 Palestinians and 13 Israelis, but has since closed it to aid.


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European banks eye capital and gird for loan losses

European banks shored up their stockpile of capital on Monday amid concerns about a rising flood of bad loans from the spreading economic storm.
Banks around the region already have taken billions of Euros in write downs on their investments in complex structured credit products, but the financial crisis is increasingly spreading to the real economy, creating a double-whammy for earnings as companies cut borrowing and struggle to repay business loans.
Swedish financial group Swedbank scrapped plans for a dividend for 2008 due to a worsening economic environment, particularly in the Baltic states and Ukraine, where sharp recessions are likely to lead to a big increase in loan losses.

Swedbank Chairman Carl Eric Stalberg said the bank was very well capitalized and markets initially cheered the move to bolster the capital base, though worries about the outlook in eastern Europe weighed.
"Things have got so bad in the Baltics that they have got to do this, and that is negative," said Henrik Schmidt, analyst at Keefe Bruyette & Woods.
Swedbank made a six-fold increase in loan loss provisions in the fourth quarter mainly due to contracting Baltic economies.
Investors have also worried about eastern Europe business at other lenders, such as Italy's UniCredit and Germany's Commerzbank, which on Monday said it was pumping 4 billion Euros (3.64 billion pounds) into recently acquired Dresdner Bank to shore up its regulatory capital. Another big player in emerging markets, HSBC, was also under pressure on Monday, losing 11 percent as short sellers dumped the stock in anticipation of buying it back after the bank completes its $17.7 billion rights issue.
"With HSBC there are worries about credit quality ... There is not a whole lot that is bright news out there anywhere today," said Bernard McAlinden, strategist at NCB Stockbrokers.
"There are doubts everywhere that policy response cannot actually stabilize the global economy," he said.
Even a more optimistic outlook by the chief executive of Germany's biggest bank, Deutsche Bank, was unable to cheer the European banking sector, with the DJ Stoxx sector index down 4.7 percent at 12:36 p.m. British time.
Deutsche's Josef Ackermann said the positive business trend his bank had seen in January had continued last month.
"By the end of January, we had revenues of 2.8 billion euros. February largely confirmed this development," Ackermann told German business daily Handelsblatt.
Shares in Belgium-based Fortis gained 27 percent after the Belgian government and BNP Paribas revised the terms of the break-up of the financial group.
Meanwhile, the European Union is set to back the International Monetary Fund's (IMF) call for a doubling of its funds as a growing number of countries turn to it for help, ahead of the G20 summit.
Last week, the IMF acknowledged its warnings before the crisis were insufficient.
CAPITAL HEADACHE
Lenders and their national governments are still fretting about how best to tackle the capital problems at the heart of the financial crisis that are sapping confidence and keeping banks from lending, compounding the slump.
Financial officials are trying to hammer out a common approach.
Top executives of leading U.S., Japanese and European banks will meet in London this month to discuss regulation and other issues key to the future of the financial system, two industry sources said.
The British government will host the meeting on March 24, after a gathering of Group of 20 (G20) finance ministers in London this weekend and ahead of a summit of G20 leaders there on April 2, according to the sources who declined to be identified because the meeting has not been made public.
The meeting was expected to discuss capital adequacy guidelines and other regulatory issues, the sources said.

The crisis is continuing to keep regulators busy.
Iceland's financial watchdog said on Monday it had taken over investment bank Straumur Burdaras, the last major Icelandic bank left standing after the country's financial collapse in October.


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Nothing comes between us and you, we rely on your business; therefore, you can rely on ours, which means that we will be working hard on our behalf to make certain of your success.

Reliability Is Natural For Us, Our Services and Products Natural For You.

We care to make you feel secure with us, and that is a priceless service that will bring in continuous benefits for both of us. Which is why we have created the Trio contest, it is the First and the Only Tri contest in the World wide Financial Market called Forex.

TRIO Contest divides into 3 Main contest stages,

1. Elite Competition
Every game is new business opportunity (Elite Contest)
2. Oriental Competition
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3. Post-Graduate Competition
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Politicians are scared of saying sorry': Another Labour minister urges Brown to apologize for economic crisis

Gordon Brown faced fresh pressure to apologize over his handling of the economy today after a government minister admitted British politicians did not know how to apologize.
Foreign Office minister Lord Malloch-Brown said ministers were probably reluctant to apologize because opponents would then 'descend on them' urging further concessions.
But the minister said politicians of both major parties should apologize for light-touch regulation in the City which led to 'exuberant capitalism'.
The prime minister has steadfastly refused to apologize for the recession or to admit his policies made the downturn worse.

Shadow chancellor George Osborne said: 'Yet another senior minister has now said Gordon Brown should say sorry for the economic mistakes he made during the 10 years he was Chancellor, yet the Prime Minister still insists he has "nothing to apologize for".'
Lord Malloch-Brown's comments came on BBC Radio 4's Start the Week program.
He said: 'As someone rather new to British politics I have to say probably, and probably I'll regret saying it, I just cannot get over the fact that British politicians don't know how to say sorry.
'I think they don't know how to say sorry because the people who demand they say it then descend on them and jump all over them and don't accept the apology, but use it to sort of force further concessions.'
He went on: 'You've seen Alistair Darling, the Chancellor, come pretty close (to apologizing).'


[SigmaForex Bonus Revolution]

Have you ever imagined that even the hardest times can lay your interest?

You may now wonder and asking yourself how it can be done while we live the toughest time in our economic world. All imagine that we have reached the top of the crisis and will remain there for a cloudy time, which has been specified predictably by the economic experts.

But what if you have the key for passing by all that?

Actually the key solution is within your hands! But what happened is that you have got blinded with the shock of unexpected financial crisis that extends its arms to hold the entire economic world for a not specified time. All what you need is some confidence and a helping hand guiding you to a real bright path.

Almost all successful people have learned how to make their own interest even from their own loss! Just some confidence and resistance, and above all the choice of the right hit at the right time. It is a common goal for money makers to have a continuous ability of preserving their financial status. So, stop thinking of the goal only and start thinking of the way you are going to do it, and ask yourself how can I still make the amount of money I was doing before even in the worst time in economic history?

One of the most necessary steps in your thinking and performance is not to take a long time in thinking and planning to be able to catch the chances available in the market, especially at this time. This doesn't mean to be rash, but to be selective and have the deepest insight.

In reversing the situation for the sake of your own interest, SigmaForex has strived to think and produce the best solution for money makers in FOREX through it's three types of accounts.

The motto of SigmaForex is "Not only physical power that can make you win, it is the power of mind that helps you the most to make the best living in all its sides".
The second step you need to go through after thinking is to apply the principle of "use the useless for your usefulness", by catching the best chances available. And here in speaking about the chances, Sigma Forex offers three unique business accounts with three bonus budgets existed nowhere else and we called it"The Bonus Revolution"

Enter Now The Bonus Revolution

Tuesday, March 10, 2009

Dow Jones valuations are just getting tougher

With the Dow Jones Industrial Average firmly under 7,000, the US stock market is now well below its early-1995 level, adjusting for changes in nominal GDP.
That suggests it is cheap, assuming growth prospects are as good as they were back then. But there is a risk to such a an analysis: too much fiscal and budgetary stimulus could bring on growth-stultifying inflation.

Fast back to December 5, 1996. The Standard and Poor's 500 Index closed at 744.38. That evening, Fed Chairman Alan Greenspan decried the market's "irrational exuberance". On the S&P's close of 700.82 on Monday, the market is clearly exuberant no more.
It is not, however, exceptionally low. Greenspan announced a new easier monetary policy to Congress later in early 1995. That day, the Dow Jones average, which had been generally rising since 1990, first reached 4,000. Adjusting for the 95pc increase in nominal GDP since that time would give an equivalent Dow level today of around 7,800. That suggests that current levels are only somewhat below their long term trend, and that the 1996-2007 period represented a lengthy bubble.
As for the S&P 500, Standard and Poor's currently projects 2009 earnings on the index of $48.10. Over the 20-year period to 2008, it traded at an average of 19.4 times earnings. That would imply a current value of 933.14. That 20-year period however includes the 12-year bubble. Taking a longer-term average of around 15 times earnings gives a valuation of 721.5 - again, just slightly above the current level.

So, based on 1995 stock prices and long-term earnings considerations the market is just below a middling valuation. However that assumes US growth and earnings prospects are as good today as they were in 1995, or over the long-term average.
That's where doubts creep in. If the exceptional monetary stimulus since September produces inflation, which needs to be squeezed out, or the unprecedentedly large budget deficits in fiscal years 2009 and 2010 "crowd out" private investment, then growth and earnings prospects for the next few years would be below average.


[SigmaForex Funding Methods]


Safety of funds plays an important role in any type of business; we make our best efforts to ensure protection of customers’ money.

Minimum deposit required for funding new accounts:
Our accounting department is ready to help you fund your new account or add funds to an existing account. For Standard Dealing Desk Accounts the minimum deposit is $ 500, and for the No Dealing Desk Accounts the minimum deposit is $ 2000.
Deposit instructions:
You must open a web account and associate it with your live account to insure security of transactions in your account

How to do so?
1. Open web account
2. Login and associate your Live Trading Account with your Web Account
3. Login to your Web Account and click 'Make a Deposit"

Deposit methods
1- Bank wire transfer
A wire transfer is a transfer of money from one bank account to another. The actual transfer is done by the bank, and neither the sender nor the recipient of the money sees or touches the actual funds.
Deposit Time
1-5 business days SigmaForex does not guarantee deposit times in the event of a margin call

Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.
Withdrawal Eligibility
Immediate availability

Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.
2- E-gold payments
Open www.e-gold.com- Create new e-gold account - Issue transfer request from your e-gold account to SigmaForex e-gold account.
Deposit Time
Immediate deposit SigmaForex does not guarantee deposit times in the event of a margin call
Fees
None
SigmaForex will not be held responsible for charges or fees assessed by going through an intermediary bank.

Withdrawal Eligibility
Immediate availability
Restrictions
The account holder name of the funds must always match the name listed as the customer on the trading account.

You do not have an account yet?
Open Live Account

Dollar higher as yen wanes

The dollar rose against major rivals on Monday, while the yen weakened on news of a record current account deficit in Japan, the world's second biggest economy after the United States.
The European single currency fell to 1.2626 dollars in London trade, from 1.2652 dollars late in New York on Friday.

Against the Japanese currency, the dollar rose to 98.70 yen from 98.27 yen on Friday.
Traders were reluctant to drive the US currency down far against its major rivals given deep worries about the health of the euro zone and Japanese economies, market-watchers said.
"With the global economic outlook remaining rather bleak, it's going to be that fight for the safer havens that will continue to dominate market direction in the near term and so long as there's nothing better out there then the dollar may end up holding its ground," said CMC Markets analyst James Hughes.

The yen meanwhile declined on news that Japan posted a current account deficit of 172.8 billion yen (1.8 billion dollars) in January -- the largest since comparable records began in January 1985.
The data means "it's difficult for the yen to strengthen further," Koji Fukaya, senior currency analyst at Deutsche Securities, told Dow Jones Newswires.
Historically, Japan has run a large surplus in its current account thanks to brisk foreign demand.
But the global crisis has prompted consumers to tighten their purse-strings in the United States and Europe, prompting Japanese companies such as Toyota and Sony to launch a wave of job cuts.

The yen, once seen as a safe haven in the global financial crisis, has lost some of its allure in the eyes of investors because of the rapid deterioration of the Japanese economy.
"Fundamentally, we believe that sustained yen strength is over for now," Standard Chartered analysts wrote in a note.
Elsewhere on Monday, the European Bank for Reconstruction and Development (EBRD) urged the European Union to ease euro entry rules so as to help crisis-hit eastern European countries.
"The European Commission should send a clear signal of solidarity to eastern European countries," EBRD head Thomas Mirow told the German business newspaper Handelsblatt in an interview published Monday.
The euro was changing hands at 1.2626 dollars against a level of 1.2652 dollars reached late on Friday, at 124.45 yen (124.35), 0.9033 pounds (0.8986) and 1.4619 Swiss francs (1.4654).
The dollar stood at 98.70 yen (98.27) and 1.1593 Swiss francs (1.1579).
The pound was at 1.3958 dollars (1.4076).
On the London Bullion Market, the price of gold rose to 938.10 dollars an ounce from 936 dollars an ounce on Friday.


[SigmaForex Withdrawal Methods]

To withdraw funds from your account Please make sure that you have sufficient funds in place to cover the the necessary margin required for your open positions, after your requested withdrawal.

No requests for transfers to persons other than the account holder will be processed.
SigmaForex may require further identification or documentation in order to complete your request.
Please Note that transfer fees and bank charges may apply, and depend on the form of transfer.
Please note that we try to process the withdrawal request quickly. However, it may take up to 5 business days, depending on the method of transfer.

Your withdrawal from sigma account will be in an efficiently, secure and fast, you can withdraw money from your SigmaForex account at any time.

Withdrawal steps:

1. Login to your web account
2. Choose your withdrawal method
3. Fill the withdrawal form and write down the withdrawn amount

Barclays hit by toxic loan fears

shares fell again today ahead of what are expected to be difficult negotiations with the government over whether it will be allowed to participate in the asset protection scheme and at what cost.

Shares in the bank were down by more than 10% by lunchtime as analysts drew parallels with the amount of loans Lloyds put into the APS scheme at the weekend. Barclays reportedly has a much larger exposure than its rival to at risk loans.
Lloyds, in total, injected £260bn of loans into the Asset Protection Scheme in a deal thrashed out last week. As a result it will be 77% owned by the government.
Most of the risky loans came from Lloyds' recent acquisition, HBOS, but analysts were still shocked that Lloyds itself had sheltered £44bn from its own loan book under the APS.
Reports today suggested Barclays is still mulling the possibility of joining the APS, but its final decision will depend on what is in its shareholders' best interest.

It refused to join the last government bail-out of the bank sector, raising money instead from a group of Middle East investors. But the bank was criticised for the move, as it ended up paying more, even though it kept the UK government off its share register.
Weekend reports suggested Barclays may be considering putting up to £150bn in to the scheme, but is concerned about the harsh terms and conditions attached to Lloyds' participation.


[SigmaForex Customer Support Area]

Customer satisfaction is number 1

It's a well known fact that no business can exist without satisfied customers, Sigma support you with all your needs that have been chosen according to your demands.
Our slogan is to achieve the maximum level of satisfaction for our customers for that we built customer support which is availble 24/7 to be reached for all clients at any time.

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Barack Obama to reverse George Bush's stem cell funding ban

Barack Obama today plans to lift George W Bush's restrictions on federal funding for stem cell research, the latest reversal of policies implemented by his predecessor.
The long-promised move, coming nearly two months into his term, will allow a rush of research aimed towards finding better treatment for ailments from diabetes to paralysis. But it has sparked firece opposition from pro-life groups.
Obama also plans to make a broad declaration that science — not political ideology — would guide his administration.

"I would simply say this memorandum is not concerned solely — or even specifically — with stem cell research," said Harold Varmus, chairman of the White House's Council of Advisers on Science and Technology and a Nobel Prize-winning biologist. He said it would address how the government uses science and who is advising officials across federal agencies.
The proposed changes, which Obama is due to sign around noon mean that stem cell scientists, who until now have had to rely on private donations, can apply for government money for the research, just like they do for studies of gene therapy or other treatment approaches.
At the same event, the Mr Obama intends to announce safeguards through the National Institutes of Health so science is protected from political interference.
Embryonic stem cells are master cells that can morph into any cell of the body. Scientists hope to harness them so they can create replacement tissues to treat a variety of diseases — such as new insulin-producing cells for diabetics, cells that could help those with Parkinson's disease or maybe even Alzheimer's, or new nerve connections to restore movement after spinal injury.
The research is controversial because days-old embryos must be destroyed to obtain the cells. They typically are culled from fertility-clinic leftovers otherwise destined to be thrown away.
"I believe it is unethical to use human life, even young embryonic life, to advance science," said Tony Perkins, president of the Family Research Council, a conservative organization that opposes the move.

"While such research is unfortunately legal, taxpayers should not have to foot the bill for experiments that require the destruction of human life," said Mr Perkins. "I urge President Obama to direct funding not only to the best science, but also to the surest common ground — research using adult stem cells and stem cells created by reprogramming."


[SigmaForex Trio Contest]

SigmaForex Ultimate Forex Monthly Champion Double your pleasure, Double your fun and Double your FUNDS.

SigmaForex has exactly what it takes to give you the ultimate forex trading experience and what it needs to make it more successful, more attractive, and more effective.SigmaForex Practice Competition

Let us show you that if you're not utilizing SigmaForex services, you're missing the boat…and potential profits! Every Service taken on is given the time, skill necessary, and awareness to detail to produce the results that your satisfaction demands.

Nothing comes between us and you, we rely on your business; therefore, you can rely on ours, which means that we will be working hard on our behalf to make certain of your success.

Reliability Is Natural For Us, Our Services and Products Natural For You.

We care to make you feel secure with us, and that is a priceless service that will bring in continuous benefits for both of us. Which is why we have created the Trio contest, it is the First and the Only Tri contest in the World wide Financial Market called Forex.

TRIO Contest divides into 3 Main contest stages,

1. Elite Competition
Every game is new business opportunity (Elite Contest)
2. Oriental Competition
A Virtual World with Live Pictures (Oriental Contest)
3. Post-Graduate Competition
Opening a new page in your Life (Post-Graduate Competition)

Bank of America to participate in US Treasury's Making Home Affordable plan

Bank of America has announced that it will participate in the Making Home Affordable plan based on program guidelines released by the US Department of the Treasury, extending new foreclosure prevention and refinancing options to eligible customers across the US.

While the company becomes operationally ready, Bank of America said that it will extend its foreclosure sale moratorium for borrowers that potentially qualify for the program.
The company will offer the refinancing options available under the plan to customers with loans owned by Fannie Mae and Freddie Mac. Under the Making Home Affordable program, these agencies will provide loans as high as 105% of the property's value. The company will offer the Home Affordable Modification program for its own loans and loans it services for Fannie Mae and Freddie Mac, as well as for all other investors unless their servicing contracts prohibit it.

Barbara Desoer, president of mortgage, home equity and insurance services at Bank of America, said: "The affordability focus of the new loan modification plan is consistent with Bank of America's streamlined loan modification program launched last year. We have confidence in this new plan as it broadens the opportunity to help more homeowners."


[SigmaForex Bonus Revolution]

Have you ever imagined that even the hardest times can lay your interest?

You may now wonder and asking yourself how it can be done while we live the toughest time in our economic world. All imagine that we have reached the top of the crisis and will remain there for a cloudy time, which has been specified predictably by the economic experts.

But what if you have the key for passing by all that?

Actually the key solution is within your hands! But what happened is that you have got blinded with the shock of unexpected financial crisis that extends its arms to hold the entire economic world for a not specified time. All what you need is some confidence and a helping hand guiding you to a real bright path.

Almost all successful people have learned how to make their own interest even from their own loss! Just some confidence and resistance, and above all the choice of the right hit at the right time. It is a common goal for money makers to have a continuous ability of preserving their financial status. So, stop thinking of the goal only and start thinking of the way you are going to do it, and ask yourself how can I still make the amount of money I was doing before even in the worst time in economic history?

One of the most necessary steps in your thinking and performance is not to take a long time in thinking and planning to be able to catch the chances available in the market, especially at this time. This doesn't mean to be rash, but to be selective and have the deepest insight.

In reversing the situation for the sake of your own interest, SigmaForex has strived to think and produce the best solution for money makers in FOREX through it's three types of accounts.

The motto of SigmaForex is "Not only physical power that can make you win, it is the power of mind that helps you the most to make the best living in all its sides".
The second step you need to go through after thinking is to apply the principle of "use the useless for your usefulness", by catching the best chances available. And here in speaking about the chances, Sigma Forex offers three unique business accounts with three bonus budgets existed nowhere else and we called it"The Bonus Revolution"

Enter Now The Bonus Revolution

Sunday, March 8, 2009

Chavez threatens Polar with expropriation

Chavez threatens to expropriate Venezuela's largest food producer if president 'mocks' him

CARACAS, Venezuela (AP) -- President Hugo Chavez on Friday warned Venezuela's largest food producer that its entire operations could soon be expropriated amid a personal spat between Chavez and its president.
Chavez accused Empresas Polar president Lorenzo Mendoza of personally "mocking" him, "attacking the government and disrespecting the country" -- which Chavez said he considers grounds for expropriation. It was not clear what statements he was referring to.
"I'm going to take away all of Polar from you, down to the last plant you have," Chavez said in a televised speech.
If he were to follow through on that threat, his government would become the biggest player in Venezuela's food industry -- potentially a key step in his plan to institute socialism.

Chavez has accused Polar and other companies of evading price caps on basic foodstuffs by producing less of those items, flouting new regulations that require price-controlled items to comprise at least 70 percent of their output. The rules aim to inflation, with food prices soaring 40.1 percent in Caracas and annual inflation reaching 30.1 percent last year, the highest in Latin America.
National Guard troops occupied a rice processing plant owned by a Polar subsidiary last week. Officials said they will to conduct a 90-day inspection to ensure the plant is producing enough price-capped white rice, as required under the new rules.

The subsidiary, Alimientos Polar, denied any violations on Friday, insisting that its plant is producing nothing but the required white rice.
Empresas Polar, owned by the Mendoza family, is one of Venezuela's largest companies, with 30,000 employees and 17 plants that produce and distribute everything from rice to vinegar and beer.
Four unions representing Polar employees have published a statement criticizing the government's rice-plant takeover, a move they said threatens to "to turn us into workers for a single boss, the state."
Chavez ordered the expropriation of another rice-processing plant owned by Minneapolis-based Cargill Inc. earlier this week.


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Latin American stocks slip as Brazil output falls

Latin American stocks slip on record decline in Brazil output, US jobless data

SAO PAULO (AP) -- Latin American stocks dipped Friday as news of plunging industrial output in Brazil was balanced by a less-than-expected rise in U.S. unemployment.

Brazil's benchmark Ibovespa stock index fell 0.7 percent to 37,105. The national statistics agency reported a record 17.2 percent drop in industrial output in January as Brazil's cooling economy and tight credit conditions slash demand for cars, chemicals, steel and other products.
Brazil's currency strengthened slightly to trade at 2.37 reals to the U.S. dollar.
Mexico's IPC index lost 1.9 percent to 17,043. The peso strengthened nearly 2 percent to trade at 15.1 to the U.S. dollar, a day after Mexico's central bank vowed to sell $100 million in reserves at market rates every day through June 8 to boost the sagging currency.

Chile's IPSA slipped 1 percent to 2,360, while Argentina's Merval rose 1.1 percent to 965 and Peru's IGBVL gained 0.8 percent to 6,782.
Latin American stocks have been pummeled by the global economic crisis, which has dried up credit and slashed demand for many of the commodity exports on which the region's biggest companies rely. Mexico, which sends 80 percent of its exports to the U.S., has been particularly vulnerable to the recession north of its border.

In the U.S., the Dow Jones Industrial Average rose 0.5 percent to 6,627 in volatile trading, rebounding slightly from its lowest close since April 1997 on Thursday. The Labor Department on Friday said unemployment had reached a 25-year high of 8.1 percent in February as cost-cutting employers slashed 651,000 jobs, slightly fewer than some analysts had expected.
While big investors are still waiting for positive economic news to buy shares, "short" traders are driving the current market, selling borrowed stock to buy it back later in hopes the price will have declined -- ensuring markets stay erratic for the near term, analysts said.


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Telecom Argentina says 4Q profits fall 52 percent

Telecom Argentina says 4Q net income falls 52 pct as costs rise despite rate cap

BUENOS AIRES, Argentina (AP) -- Telecom Argentina SA said Friday that net income fell 52 percent in the fourth quarter as government caps prevented the company from raising rates even as inflation boosted expenses.

Profit dipped to 130 million pesos ($35.6 million) in the October to December period, from to 270 million pesos last year, Argentina's third-largest mobile phone service provider said. Analysts at the Buenos Aires-based consultancy Grupo SBS had predicted a 38 percent drop.
Regulations freezing mobile phone fees kept the Buenos Aires-based company from raising rates to keep up with soaring administrative, advertising and rent costs, a company filing said.

Operating costs rose 15 percent to $8.6 billion pesos in 2008, while sales rose just 10 percent, the company said.
Argentina's official inflation index reached 7.2 percent last year, although independent economists claim that yearly consumer price gains are closer to 20 percent, but have been underreported since 2007 to save the government money on inflation-linked bonds.
Telecom Argentina shares fell 0.5 percent to 5.37 pesos in Buenos Aires ahead of the earnings report. Telecom Italian and an Argentine investor group are majority shareholders in the company.


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Firms Slash Dividends, Saving Cash

Wells Fargo on Friday slashed its dividend to shareholders, joining other distressed banks. But yields from nonfinancial companies are crumbling too as the recession deepens, giving investors another reason to get out.
U.S. companies have already slashed $40.7 billion in dividends in 2009, topping last year's $40.6 billion in just over two months.
No bank now ranks among the top 30 dividend-paying companies in terms of total dollars. Financial companies pay out only 11% of dividend income vs. more than 30% before the credit crisis hit, says S&P analyst Howard Silverblatt.

Dividends among S&P 500 companies are on track to fall 22.6% in 2009, the most since 1938, with many more cuts likely. The pain has spread from shareholders in banks to investors in auto, consumer discretionary and other stocks.
Dividend cuts are taking a big toll on market sentiment, even though retailer Wal-Mart hiked its payout Thursday by 15%, says Kevin Gardiner, head of global equity strategy at HSBC.
"It's a contributory factor to weakness," he said. "There's the ongoing uncertainty about the financial sector. But the newest development in my conversations with investors is undoubtedly the decline in dividends. It's another development that undermines the valuation case of stocks."
As stock markets nose-dived last year, some Wall Street analysts touted high-dividend-paying companies.
The S&P 500 dividend yield -- payout divided by price -- soared to a 17-year high of 3.14% at the end of 2008 as the major averages plunged.
Even safe bets now seem at risk. The overall S&P 500 dividend yield is actually a little higher today than on Dec. 31, but only because overall stock prices have plunged faster than payouts.
Energy companies that hiked dividends as oil prices rose are one group being watched.
"Several of the big oil majors have gone out of their way to say they plan to maintain dividends," Gardiner said. "But we know what's happened to oil prices. So investors are asking about oil (dividends)."

Banks Hoard Cash

Wells Fargo (NYSE:WFC - News) said it will slash its dividend by 85% to save $5 billion annually. JPMorgan (NYSE:JPM - News), PNC Financial (NYSE:PNC - News), US Bancorp , HSBC (NYSE:HBC - News), Bank of America (NYSE:BAC - News) and Citigroup (NYSE:C - News) have all cut dividends. General Electric (NYSE:GE - News), whose debt-laden financial service unit is struggling, slashed its dividend on Feb. 28.
Auto giant General Motors (NYSE:GM - News), teetering on bankruptcy, is another prominent dividend cutter.
"We've had the carnage in the bank stocks, carnage in the preferred (shares) in bank and auto stocks; there's been just an endless drumbeat of bad news on the dividend front," said Joseph Battipaglia, market strategist for Stifel Nicolaus, "all because the recession is deeper and lasting longer."
He says many companies are making the right move by holding on to capital amid the deteriorating economy. But falling dividends are another reason for investors to exit the market, he adds.
"Investors are very worried about the ability of the companies they own to pay their dividends," added Battipaglia. "It's adding more downward volatility to the marketplace, even though there will be exceptions like Wal-Mart."

He says dividend-focused investors are usually a stabilizing force on the market.

"In the absence of that shock absorber, stocks become less attractive," Battipaglia added. "Some investors have already moved to the sidelines because of worries over earnings in the S&P 500 and the economy. They could be joined by another group of investors that thought they had pretty safe, dividend-paying investments to work through the recession."
Dividend-focused investors face a double whammy: falling company payouts and higher taxes courtesy of the Obama administration, says Battipaglia. The president's budget plan would hike the top rate on dividends and capital gains from 15% now to 20%.
Not all dividends are falling. Including its 15% hike, Wal-Mart says it'll return $4.2 billion to its shareholders this fiscal year.
But many companies are increasing dividends by pennies to look good. Silverblatt says 50 companies have hiked dividends in 2009 by a total of $2.2 billion.
Not Just Financials

"Companies aren't seeing a light at the end of the tunnel," Silverblatt said. "They're preserving cash, they're being prudent about it, they don't know where they're going."
Nonbank dividend cutters include Pfizer (NYSE:PFE - News), Dow Chemical (NYSE:DOW - News), CBS Corp. (NYSE:CBS - News), Carnival (NYSE:CCL - News), International Paper (NYSE:IP - News), Macy's (NYSE:M - News), Penske Automotive (NYSE:PAG - News), Constellation Energy (NYSE:CEG - News) and Motorola (NYSE:MOT - News).
"Thus far, most of the dividend cuts we've seen have two common threads -- they've been financial institutions or cyclicals," said Josh Peters, editor of Morningstar newsletter DividendInvestor.
"We may be hitting a crescendo of dividend cuts that tail off from here. If we see a lot more dividend cutting from here, it's going to come from where it's not expected. But it all depends on the course of the recession. If we spike up to double-digit unemployment, we may see another wave of dividend cuts."

High Yield, High Risk
Peters adds that among high-yielding companies, some investors have questioned the outlook for Caterpillar (NYSE:CAT - News) and DuPont (NYSE:DD - News).
A JPMorgan report out March 4 identified stocks that "could potentially be prone to a dividend cut." The study focused on "purely quantitative" or technical data.
Among the firms said to be at risk: AT&T (NYSE:T - News), Textron (NYSE:TXT - News) and DuPont.

The report cited several utilities: DTE Energy , PPL Corp. (NYSE:PPL - News) and Progress Energy (NYSE:PGN - News).

It also named Spectra Energy (NYSE:SE - News); Qwest Communications (NYSE:Q - News) and CenturyTel (NYSE:CTL - News) as well as Harley-Davidson (NYSE:HOG - News), Paychex (NasdaqGS:PAYX - News), Microchip Technology (NasdaqGS:MCHP - News), Leggett & Platt and Eastman Chemical (NYSE:EMN - News).
Telecoms are better positioned than many companies to weather the economic downturn, UBS analyst John Hodulik says, though they're losing residential customers to wireless and cable rivals at a high rate.
"With a number of large companies such as GE and JPMorgan having slashed their dividends, AT&T and Verizon (NYSE:VZ - News) will increasingly be seen as safe havens within an increasingly ugly storm," he said in a report.
AT&T's dividend yield is 7.1%; Verizon's is 6.4%. Those are among the highest in the S&P. But AT&T's stock has dropped 21% in 2009. Verizon is down nearly 20%.
The S&P 500 is down 24.3% year to date. High-dividend-paying, nonfinancial companies have lost a similar amount, says Justin Walters, co-founder of Bespoke Investment.


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