Tesla Motors has been upgraded to outperform by Webush Securities,with a price target of $240.00.Their cost structure in batteries beats the competition,said analyst Craig Irwin.I see them cutting their battery cost in half.If they can do it,they've got a winner,and that's why I'm raising it.*
Ths MSCI Asia Pacific index was up 0.80% in early Thursday trading,responding to President Barack Obama's signing of a bill that resolves the recent budget impasse and government shutdown for the next few months at least,averting the prospect of an unprecedented default.*
The trajectory for the market is onward and upward,said Andrew Economos of JP Morgan Asset Management.What we're doing is buying enough time for markets and economies to take hold.What the emerging markets are thinking is,we've got to reduce our dependence on America.
I think the dollar stays here;I don't think it gets stronger.If you have a weakening currency,you buy exporters;if you have a strong currency,you buy importers.It's a big,level one switch in assets,a re-risking.*
Caroline Kennedy has been unanimously confirmed by the US Senate to be Ambassador to Japan.It is the first time the late President John F. Kennedy's daughter,a sentimental favourite of many Americans,has held a government post.*
Tesla Motors(TSLA)
Wednesday, October 16, 2013
Wednesday, October 9, 2013
A New Era in US Coast Guard-RCMP Integration
From September 4-6,the Royal Canadian Mounted Police unit in Sault Ste Marie,Ontario and the US Coast Guard station Sault Ste Marie,Michigan conducted joint law enforcement patrols along the St.Marys River,the RCMP said.Several vessels were stopped and boarded by specially trained and designated members of the USCG and RCMP.Shiprider removes the jurisdictional roadblocks that characterise international borders.*
Criminals can no longer exploit jurisdictional weakness at the border,said Commander Ryan Griffen,US Coast Guard.The Shiprider program is another innovative partnership that contributes to enhance our efficiency and provides a better use of our mutual resources.*
Exercises such as the one performed in the past few days demonstrate that removing the maritime barrier leads to successful law enforcement and increased security for all of us,added RCMP Assistant Commissioner Todd Shean.*
The Shiprider program,officially known as the Integrated Cross-Border Maritime Law Enforcement Operations,ICMLEO,was finalised in June after a pilot period from 2005-10.It involves RCMP and USCG members riding on each other's patrol boats and having arrest powers in both countries,principally to seamlessly respond to elusive smugglers of drugs,weapons and humans.It is in effect in the Great Lakes and Vancouver,British Columbia areas.
See also the companion post in my blog Extra Content.
Criminals can no longer exploit jurisdictional weakness at the border,said Commander Ryan Griffen,US Coast Guard.The Shiprider program is another innovative partnership that contributes to enhance our efficiency and provides a better use of our mutual resources.*
Exercises such as the one performed in the past few days demonstrate that removing the maritime barrier leads to successful law enforcement and increased security for all of us,added RCMP Assistant Commissioner Todd Shean.*
The Shiprider program,officially known as the Integrated Cross-Border Maritime Law Enforcement Operations,ICMLEO,was finalised in June after a pilot period from 2005-10.It involves RCMP and USCG members riding on each other's patrol boats and having arrest powers in both countries,principally to seamlessly respond to elusive smugglers of drugs,weapons and humans.It is in effect in the Great Lakes and Vancouver,British Columbia areas.
See also the companion post in my blog Extra Content.
Saturday, October 5, 2013
Wednesday, October 2, 2013
The Next Crisis:CEOs Plead With President,Congress
A group of CEOs met with President Barack Obama and Members of Congress Wednesday in an effort to educate them about what would happen if the nation defaults on its debt,a prospect that will be realised on October 17,if Congress doesn't raise the debt ceiling.Among those participating were Lloyd Blankfein of Goldman Sachs and Jamie Dimon of JP Morgan Chase.
They shouldn't use the US failing on its obligation to meet its debt as a cudgel,Mr.Blankfein said.There's no precedent for default.We really haven't seen this before,and I'm not anxious to be part of the process witnessing this.*
The CEOs had a grim feeling following their meeting with Republicans in Congress.Congress is completely out of touch with Wall Street and the general economy,according to Bloomberg TV contributor Dawn Kopecki.They have no idea how bad it would be if the nation defaults on its debt.Mortgage rates will start widening.You're not dealing with business school graduates down in Washington,D.C.,Ms.Kopecki said.
The debt ceiling issue is legislatively separate from the budget impasse that has shuttered the federal government for more than two days now.It is related,howvever,by the fact that some House Republicans intend to use it as a political tactic,just as they are using the government shutdown,regardless of the harm it causes.
The chaos partly reflects the internecine conflict going on within the Republican party between moderates and the far right;and,some say,the leadership style of a president who didn't negotiate enough early on.It's resulted in dysfunction on a grand scale.
They shouldn't use the US failing on its obligation to meet its debt as a cudgel,Mr.Blankfein said.There's no precedent for default.We really haven't seen this before,and I'm not anxious to be part of the process witnessing this.*
The CEOs had a grim feeling following their meeting with Republicans in Congress.Congress is completely out of touch with Wall Street and the general economy,according to Bloomberg TV contributor Dawn Kopecki.They have no idea how bad it would be if the nation defaults on its debt.Mortgage rates will start widening.You're not dealing with business school graduates down in Washington,D.C.,Ms.Kopecki said.
The debt ceiling issue is legislatively separate from the budget impasse that has shuttered the federal government for more than two days now.It is related,howvever,by the fact that some House Republicans intend to use it as a political tactic,just as they are using the government shutdown,regardless of the harm it causes.
The chaos partly reflects the internecine conflict going on within the Republican party between moderates and the far right;and,some say,the leadership style of a president who didn't negotiate enough early on.It's resulted in dysfunction on a grand scale.
Wednesday, September 25, 2013
World Alert:Clams and Climate;Terrorist Funding
Clams are giving us information about what's happening in the ocean as a result of climate change.There's a lot of ups and downs in climate in particular places.You have to look at records in their totality,British scientists studying the clams say.Their research may become part of a UN report on climate change.
Clams are sensitive to climate change.They do not like warming temperatures and their reproduction is negatively affected by them,Antarctic research shows.*
The market for male skin care and grooming products in South Korea amounted to a fifth of the products' sales worldwide.It's because of the gangnam style movement and celebrity promotions in the country.The male skin care and grooming market is worth approximately 20 billion dollars globally.*
Al-Qaida affiliate al-Shabab's leader,Mukhtar Abu Zubeyr,or Godane,is blaming the Kenyan government and its Western backers for their deadly attack on Westgate Mall in Nairobi,whom he says have killed Somali women and children.There will be more such attacks,he warned.He is not a charismatic figure,but the 36 year old militant has a lot of power.He fought beside the Taliban when America invaded Afghanistan after the 9-11 attacks.
The charcoal industry in East Africa is possibly being exploited,along with ivory to fund the terrorism.The authorities are seeing increased elephant poaching since 2008 as the price of ivory soared.In the last 40 years,we've seen a steady level of poaching of ivory that has gone out from Kenya thorugh Somalia,and al-Shabab controls the border there,so it's a credible possibilty.*
Clams are sensitive to climate change.They do not like warming temperatures and their reproduction is negatively affected by them,Antarctic research shows.*
The market for male skin care and grooming products in South Korea amounted to a fifth of the products' sales worldwide.It's because of the gangnam style movement and celebrity promotions in the country.The male skin care and grooming market is worth approximately 20 billion dollars globally.*
Al-Qaida affiliate al-Shabab's leader,Mukhtar Abu Zubeyr,or Godane,is blaming the Kenyan government and its Western backers for their deadly attack on Westgate Mall in Nairobi,whom he says have killed Somali women and children.There will be more such attacks,he warned.He is not a charismatic figure,but the 36 year old militant has a lot of power.He fought beside the Taliban when America invaded Afghanistan after the 9-11 attacks.
The charcoal industry in East Africa is possibly being exploited,along with ivory to fund the terrorism.The authorities are seeing increased elephant poaching since 2008 as the price of ivory soared.In the last 40 years,we've seen a steady level of poaching of ivory that has gone out from Kenya thorugh Somalia,and al-Shabab controls the border there,so it's a credible possibilty.*
Wednesday, September 18, 2013
Microsoft's Era of Change
Microsoft is buying Nokia's devices and services unit for 7.1 billion dollars to accelerate the growth of their mobile business.The deal includes 10 years of access to relevant patents.
Nokia CEO Stephen Elop,who formerly worked at Microsoft,will return there-presumably to replace the retiring Steve Ballmer as CEO-and 32,000 other Nokia workers will be transferring to Microsoft as well.*
Ballmer and Microsoft have been laggards,said Matthew McCormick,portfolio manager at Bahl and Gaynor Investment Counsel.Ballmer's departure opens up so many doors.You're gonna see some capital return to shareholders,some new thought and leadership.We think there's gonna be more unlocking of value throughout the tech sector.
They need someone from the outside.They need to make a move.We have high expectations Microsoft is gonna do something big.
The tech sector has the best opportunity for growth going forward,and dividend growth.*
It's about accelerating our share position,to further accelerate our position with Windows phone,Mr.Ballmer said.Our partners in Windows phone have been nothing but enthusiastic.We're certainly focused on being a devices and services company.
Nokia accounts for over 80% of the Windows phone volume today.Its hardware,enterprise and distribution staff is truly world class.It's a big transformation,but that's how you have to be in the tech business,Mr.Ballmer noted.
Microsoft(MSFT)
Nokia CEO Stephen Elop,who formerly worked at Microsoft,will return there-presumably to replace the retiring Steve Ballmer as CEO-and 32,000 other Nokia workers will be transferring to Microsoft as well.*
Ballmer and Microsoft have been laggards,said Matthew McCormick,portfolio manager at Bahl and Gaynor Investment Counsel.Ballmer's departure opens up so many doors.You're gonna see some capital return to shareholders,some new thought and leadership.We think there's gonna be more unlocking of value throughout the tech sector.
They need someone from the outside.They need to make a move.We have high expectations Microsoft is gonna do something big.
The tech sector has the best opportunity for growth going forward,and dividend growth.*
It's about accelerating our share position,to further accelerate our position with Windows phone,Mr.Ballmer said.Our partners in Windows phone have been nothing but enthusiastic.We're certainly focused on being a devices and services company.
Nokia accounts for over 80% of the Windows phone volume today.Its hardware,enterprise and distribution staff is truly world class.It's a big transformation,but that's how you have to be in the tech business,Mr.Ballmer noted.
Microsoft(MSFT)
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