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rickyw
    24-Feb-2011 22:19  
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Thanks...finally there is good news...

bsiong      ( Date: 24-Feb-2011 22:16) Posted:

U.S. Initial Jobless Claims Fell 22,000 to 391,000 Last Week

 

 


 
 
bsiong
    24-Feb-2011 22:16  
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U.S. Initial Jobless Claims Fell 22,000 to 391,000 Last Week

 

 

 
 
krisluke
    24-Feb-2011 21:58  
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DJ BEFORE THE BELL -2: US HOT STOCKS TO WATCH
| 24 Feb 2011


Among the companies whose shares are expected to actively trade in Thursday's session are Priceline.com Inc. (PCLN), Polypore International Inc. (PPO) and E*Trade Financial Corp. (ETFC). 

Priceline.com's fourth-quarter profit jumped 73% as a surge in international bookings fueled top-line growth and margins surged. Shares rose 4.7% to $445.99 in after-hours trading as core earnings topped analysts' estimates and the company gave upbeat guidance. 

Polypore International swung to a fourth-quarter profit after a year-earlier quarter that included hefty restructuring and impairment charges, as revenue increased. Shares jumped 12% to $55.50 after hours as the results beat analysts' estimates.

E*Trade said Citadel LLC, its largest shareholder and bondholder, plans to sell at least 24 million of the hedge fund's shares in the online brokerage, or the majority of its equity stake in the company. Shares fell 2.7% in after-hours trading, to $16.20. 

Whiting Petroleum Corp. (WLL) swung to a fourth-quarter profit, meeting analysts' estimates, as the company benefited from higher oil prices. But shares fell 3.6% to $61.22 after hours as the oil-and-gas producer reported a profit of $66.2 million, or 56 cents a share, compared to analysts' recent forecast of 85 cents a share on $405 million in revenue. 

AXT Inc.'s (AXTI) fourth-quarter earnings rose 76% on stronger revenue, though the bottom line and its earnings outlook for the current quarter fell short of analysts' estimates. Shares fell 8.5% to $7.65 in after-hours trading. 

Calumet Specialty Products Partners LP (CLMT) said it plans to sell at least 4.5 million shares in an offering to the public, the latest company looking to tap equity markets for capital. Shares dropped 5.4% to $21.34 after hours. 


Watch List: 

Avago Technologies Ltd.'s (AVGO) fiscal first-quarter profit soared as the semiconductor designer saw demand surge in the wireless communications, wired infrastructure and industrial and automotive markets. Core earnings topped analysts' estimates and the company's guidance was in line with Wall Street's views. 

Brookdale Senior Living Inc.'s (BKD) fourth-quarter loss narrowed on improving fundamentals for the senior-housing operator.

CME Group Inc. (CME) raised its quarterly dividend 22%, according to a release Wednesday. 

Essex Property Trust Inc. (ESS) Wednesday raised its annualized dividend 0.7%, the 17th consecutive annual increase by the West Coast apartment owner. 

Exco Resources Inc. (XCO) swung to a fourth-quarter loss absent a $224 million year-earlier divestiture gain, offsetting a big jump in revenue. The natural-gas producer's results missed expectations. 

Genco Shipping & Trading Ltd.'s (GNK) fourth-quarter earnings fell 1.9% despite better-than-expected revenue growth as the dry-bulk shipper reported higher operating and interest expenses. 

Google Inc. (GOOG) has penalized Overstock.com Inc. (OSTK) in its search results after the retailer ran afoul of Google policies that prohibit companies from artificially boosting their ranking in the Internet giant's search engine. 

Granite Construction Inc. (GVA) swung to a fourth-quarter loss on a big restructuring charge as the civil contractor and maker of construction materials reported continuing weakness in its key construction segment. 

H& R Block Inc. (HRB) said it expects a " near break-even" fiscal third-quarter bottom line on a continuing-operations basis as tax-return preparation so far this season rose from a year ago. The company also said it expects revenue to total about $850 million. Analysts polled by Thomson Reuters most recently expected 15 cents of earnings and $883 million in revenue. 

Jack in the Box Inc.'s (JACK) fiscal first-quarter earnings rose 34% on lower restaurant expenses and gains from selling company-owned locations, as comparable sales at its namesake restaurants returned to growth. 

Lithia Motors Inc. (LAD) said its fourth-quarter new vehicle same-store sales rose 34.4%, with used vehicle retail same-store sales up 21.1%, in results that easily beat analysts' expectations. 

Limited Brands Inc.'s (LTD) fiscal fourth-quarter profit jumped 27% as the specialty retailer posted a double-digit increase in same-store sales and expanded gross margins. 

MasTec Inc.'s (MTZ) fourth-quarter earnings more than doubled on strong sales growth, as it gave an upbeat outlook. 

QEP Resources Inc.'s (QEP) fourth-quarter profit fell 44% as the exploration company reported higher expenses and saw natural gas prices decline, while the year-ago period also benefited from a gain from discontinued operations. 

Tenaris SA (TS, TEN.MI), which makes pipes used by the oil and gas industry, said Wednesday its fourth-quarter profit rose 33% on higher Canadian and U.S. demand for its core tubes products despite lower prices. 

Transocean Ltd. (RIG) swung to a fourth-quarter loss on a more-than-$1 billion asset write-down charge, as the offshore driller's utilization rate and average daily revenue each declined from a year ago. 

Western Gas Partners LP's (WES) fourth-quarter earnings rose 14% as the natural-gas partnership's profit and sales growth came in better than expected.
 

 
krisluke
    23-Feb-2011 19:07  
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Barack Obama and Small Businesses



Obama says, US economy depends on success of Small Businesses

US President Barack Obama told a group of entrepreneurs and small business owners in Ohio that they are among the prime drivers of the US economy as he promoted his agenda to maintain government support for innovation and education.

Mr. Obama said that while the Federal government must get the US deficit under control, spending on education, infrastructure and research will help companies stay ahead of competitors around the World.

He told the business owners gathered at Cleveland State University he was there to hear their ideas for what the government can do to help them grow.

“The big companies generally get most of the attention in our economy,” Obama said in opening remarks before the audience broke up into smaller groups for meetings with Cabinet members and administration officials. “But it’s small businesses like yours that help drive America’s economic growth.”

The Cleveland event was part of Obama’s efforts to promote his budget priorities and economic policies, which face Strong headwinds from the Republicans in Congress.

Ohio is one of the States, including New Jersey and Wisconsin, where a Republican Governor is seeking to change the rules on collective bargaining for Public Employee Unions to cut projected deficits.

Speaking in a State hit hard by job losses, Obama said Cleveland was an example of how 1-time manufacturing centers can adapt to economic changes by building up new industries in sectors such as biotechnology and clean energy. “As the economy changed a lot of people wrote off Cleveland as a shell of its former self,” he told the business leaders. “You have been working to reinvent the Rust Belt as the Tech belt.”

Ohio had a 9.6 percent unemployment rate in December, compared with a national average of 9% in January, according to the US Labor Department.

The Cleveland metropolitan area had an unemployment rate of 8.5% in December, according to the US Labor Department figures.

Today marks Obama’s 12th visit to Ohio since becoming President, reflecting the State’s economic and political importance to the President. —Paul A. Ebeling, Jnr. www.livetradingnews.com
 
 
krisluke
    22-Feb-2011 09:15  
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France Positive on G20



French Finance Minister says, G-20 financial Chiefs reached consensus

Finance ministers and central bank governors from 20 dominant economies reached consensus on several issues to look after Global economic imbalances Saturday, French Finance Minister Christine Lagarde said at a news conference.

After 2 days of debate on “mutual economic assessment of all economies,” “countries have reached compromises,” the Minister said.

“We agreed on a set of indicators that will allow us to focus, through an integrated 2 step process, on those persistently large imbalances which require policy actions,” said a communique released after the meeting.

According to Minister Lagarde, the indicators include some internal factors, such as public debt and fiscal deficits, private savings rate and private debt, and some external factors, such as trade balance and net investment income flows and transfers.

Following the list of imbalance indicators, the French minister said the next step is to agree by April on “indicative guidelines against which each of these indicators will be assessed,” taking due consideration of exchange rate, fiscal and monetary policies. National and regional situations will be taken into account in future discussions, the communique went on to say.

The “meeting was very cooperative” and full of “rich debate, deep discussion,” French Central Bank Governor Christian Noyer said at the same press conference. He noted that he hoped that some short term objectives could be achieved within a few months.

Besides the imbalance indicators, the finance ministers and central bank governors adopted a timetable for developing the Y 2011 action plan to implement a framework for strong, sustainable and balanced growth and monitor the commitments made in previous meetings.

As proposed by French President Nicolas Sarkozy, the meeting also agreed to enhance the role of the International Monetary Fund (IMF).

Future meetings are expected to identify coherent approaches and measures to deal with potentially destabilizing capital flows and Global liquidity, as well as to discuss financial safety nets and the role of the special drawing rights ( SDR), the communique noted.

Both the IMF and the World Bank will present reports to the next meeting in April, when the 2nd finance meeting under the French G-20 Presidency is set to take place in the United States.

The 3rd and final finance meeting will be held in October in Paris, when an ultimate Agenda will be set for the G-20 Summit scheduled for November in Cannes, France.
 
 
krisluke
    22-Feb-2011 09:13  
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USA Economic News This Week



On the Economic Front in the USA

The Economic Calendar this Week

February 22nd Tuesday

Case-Shiller 20-city, December (09:00): -2.4% expected, -1.59% pas

Consumer Confidence, February (10:00): 67.0 expected, 65.6 past, revised from 60.6.

February 23rd Wednesday

MBA Mortgage Index, 02/18 (07:00): -9.5% past

Existing Home Sales, January (10:00): 5.23M expected, 5.28M past

February 24th Thursday

Initial Claims, 02/19 (08:30): 410K expected, 410K past

Continuing Claims, 02/12 (08:30): 3900K expected, 3911K past

Durable Orders, January (08:30): 3.0% expected, -2.3% past, revised from -2.5%

Durable Orders ex Transports, January (08:30): 0.6% expected, 0.8% past, revised from 0.5%.

FHFA Housing Price I, December (10:00): 0.0% past

New Home Sales, January (10:00): 310K expected, 329K past

Crude Oil Inventories, 02/19 (11:00): 0.86M past

February 25th Friday

GDP – Second Est., Q4 (08:30): 3.3% expected, 3.2% past

GDP Deflator – Second Est., Q4 (08:30): 0.3% expected, 0.3% past

Michigan Sentiment – Final, February (09:55): 75.1 expected, 75.1 past
 

 
krisluke
    22-Feb-2011 09:04  
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Oil companies suspend operations in Libya



Oil companies suspend operations in Libya

BP, RDS-A

Muammar Gaddafi’s 40 yr rule in Libya appears increasingly fragile. Monday protests against his regime reached the capital, Tripoli, and the opposition claimed to have taken over Benghazi, the 2nd city.

Libyan leader Moammar Gadhafi has no been seen in public since last week as demonstrations continue across the Country.

Fitch, a ratings agency, Monday downgraded Libya’s long-term ratings to BBB from BBB+ and placed the country on watch for further downgrades.

The country’s ambassadors to the UK and India also reportedly resigned. The previous day Libya’s representative to the Arab League also resigned in protest at the government’s treatment of the protestors.

Much of the Libyan delegation to the United Nations accused the government of genocide and flying mercenaries into Tripoli

BP (NYSE:BP), the UK-based energy company, said Monday it suspended exploration work in the Libyan desert, and is evacuating families and non-essential staff.

BP has no producing assets in the country, and in December announced it was postponing “for operational reasons” plans to explore in the Gulf of Sirte near Benghazi.

Ian Smale, BP group head of strategy and policy, said: “Our number one concern is the safety of our people and the security and integrity of our operations.”
Statoil (OSL:STL) the Norwegian Oil company, reported Monday that it had closed its offices in Tripoli while Royal Dutch Shell (NYSE:RDS-A) said it was evacuating family members. A strike had stopped output at Libya’s Nafoora Oilfield, Al Jazeera reported.

Other companies with significant interests in Libya include Eni, the Italian oil and gas producer, Repsol of Spain and OMV, the Austrian industrial company. Wintershall, the oil and gas exploration arm of chemicals company BASF, said it was preparing to wind down Oil production in Libya and fly out International staff.
 
 
krisluke
    22-Feb-2011 09:03  
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US Market Sentiment + Bulls vs Bears



The US Market Sentiment + Bulls vs Bears

Are you watching the VIX?

Volatility is at the low levels it hit during the last 6 week. though there has been some volatile intra-day action in the last 3 sessions. Some believe it is a signal that the market may be ready for a pullback.

1. VIX: 16.43 -0.16

2. VXN: 17.9 -0.32

3. VXO: 14.37 -0.72

4. Put/Call Ratio (CBOE): 0.92 +0.2

Bulls ves Bears:

The Bulls are at: 52.2% vs 53.4% last week. The Bulls are being cautious in here, and below 55.1% hit a last month, as they move back from the markl considered Bearish.

For your reference: to be seriously bearish it needs to get up to the 60% to 65% level.

The Bears are at: 19.6% vs 23.3% last week. The Bears fell back in the Pit, and below the 28.3% mark hit last September. They hit 18.7% last April for their low.

For your reference: a move above the 35% mark considered Bullish, they hit a high on the growl run at 47.2%.
 
 
krisluke
    22-Feb-2011 09:01  
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Wall St Support and Resistance Levels



Support and Resistance

DJIA Close 12,391.25
Resistance

13,058 the May 2008 high

Support:

12,110 the March 2007 closing low

The 20 day EMA: 12,135

11,893 the March 2008 closing low

11,867 the August 2009 high

The 50 day EMA: 11,858

11,452 the November 2010 high

11,258 the April 2010 high

11,205 the April 2010 closing high

11,100 the July 2008 low

10,963 the July 2008 low

10,920 the May 2010 high

The 200 day SMA: 10,906

S& P 500 Close: 1343.01

Resistance:

1364 the March 2007 low

1370 the August 2007 low

Support:

1325-27 is the March 2008 closing low and the May 2006 peak

The 20 day EMA at 1316

1313 from the August 2008 interim peak

The 50 day EMA at 1284

1278 is the 127% Fibonacci extension of the August 2010 run

1275 is the January 2010 low

1227 is the November 2010 peak

1220 is the April 2010 peak

1185 from late September 2008

1174 is the May 2010 high, 78% Fibonacci retracement of April peak

1173 is the November 2010 low

1170 is the prior March 2010 high

The 200 day SM A: 1165

NAS Close: 2833.95

Resistance:

2862 the 2007 high

Support:

2825 the 2007 closing high

The 20 day EMA: 2780

2762 the February 2011 low

2735 the late 2007 interim peak

2729 the 127% Fibo extension of the August 2010 move

2725 the July 2007 interim high

The 50 day EMA: 2713

2688 is the recent January low

2676 is the January 2010 low

2593 is the November 2010 high

2580 the November 2010 closing high

2569 the November gap up point through the April 2010 high

2550 the June 2008 high

2540 the Gap Up mark from early November 2010

2535.28 the April 2010 intra-day high

2518 the interim high from April 2010

2511 the lower range of the November 2010 Gap Up mark

2482 the October 2010 high

2460 the November 2010 low.

The 200 day SMA: 2438
 
 
Hulumas
    20-Feb-2011 15:18  
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Day DREAM?

krisluke      ( Date: 20-Feb-2011 07:30) Posted:

3 digits cut ?

 

 
krisluke
    20-Feb-2011 14:13  
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with US dollars remain weak (tips 81 for neckline), most ang mios will continue to buy stocks and avoid bonds.

commodities: avoid, into bubbles liao ^^

properties: laggard continue in next 2-4 years ^^

technology: ? can be  suPer HoT though  ^^

oil and healthcare: quite hOt liao  ^^

ways to improve US dollars outlook include : GDP, FOREX TRADING,  BANK INTEREST RATE, WAR, ETC ^^
 
 
krisluke
    20-Feb-2011 09:03  
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U.S Presidents Day Holiday (mon), NYSE close.
 
 
krisluke
    20-Feb-2011 08:34  
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The Dow closed higher on Friday as it extends this winter's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this winter's rally, the January 2008 high on the weekly continuation chart crossing at 12,767 is the next upside target. Closes below the 20-day moving average crossing at 12,123 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 12,375. Second resistance is the January 2008 high on the weekly continuation chart crossing at 12,767. First support is the 10-day moving average crossing at 12,258. Second support is the 20-day moving average crossing at 12,123.
 
 
krisluke
    20-Feb-2011 07:41  
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earning annoucement ending soon...

SGG_SGG      ( Date: 18-Feb-2011 13:54) Posted:

Maybe BOSS can wait for 13k   Smiley

handon      ( Date: 18-Feb-2011 13:46) Posted:

BOSS predicted wrongly..... price to pay = bankrupt.... 


 
 
krisluke
    20-Feb-2011 07:37  
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GOP bill pairs budget cuts, regulatory rollbacks



The GOP-controlled House is using a catchall spending bill not just to cut President Barack Obama's budget but to assault his health care overhaul, global warming policy and efforts to clean up the Chesapeake Bay.

The House worked deep into Saturday morning toward a final vote to pass the bill, as Republicans won vote after vote protecting various industries from regulations Republicans deemed were a drag on business.

The measure faced a veto threat and implacable opposition from majority Democrats in the Senate even before the GOP amendments adopted Thursday, Friday and early Saturday morning pushed the bill further and further to the right on health care and environmental policy.

Changes rammed through on Friday would shield greenhouse-gas polluters and privately owned colleges from federal regulators, block a plan to clean up the Chesapeake Bay, and bar the government from shutting down mountaintop mines it believes will cause too much water pollution, siding with business groups over environmental activists and federal regulators in almost every instance.

The future of the bill is up in the air. Current funding runs out March 4, requiring a stopgap measure while the Senate works on its version. Then, Obama and the Republican House will have to hash out scores of differences. House Speaker John Boehner promises that any short-term measure to provide time for such talks will cut spending too, rather than maintain government operations at current rates as is traditional.

House conservatives had earlier forced GOP leaders to add cuts above those earlier planned. But they had less success in forcing additional cuts to the measure during floor debate in the face of resistance from the Appropriations Committee and its allies.

" The American people have spoken. They demand that Washington stop its out-of-control spending now, not some time in the future," declared Rep. Tim Huelskamp, R-Kan., one of the 87 newly elected Republicans who have moved aggressively to attack federal deficits and reduce government's reach.

A tea party-backed amendment to slash $22 billion on top of the $60-billion-plus worth of steep cuts already made by the measure failed almost 2-1.

The sweeping $1.2 trillion bill covers every Cabinet agency and would make cuts totaling more than $60 billion from them through the Sept. 30 end of the budget year, compared with last year's levels. The reductions are aimed at domestic programs and foreign aid, including aid for schools, nutrition programs, environmental protection, and heating and housing subsidies for the poor.

The Pentagon would receive a less than 2 percent increase while domestic agencies would bear slashing cuts of about 12 percent. Such cuts would feel almost twice as deep since they would be spread over the final seven months of the budget year.

The Obama administration upped the ante on Friday, warning that workers who distribute Social Security benefits might be furloughed if the GOP cuts go through.

Republicans recoiled, however, from some of the most politically difficult cuts to grants to local police and fire departments, special education and economic development. Amtrak supporters easily withstood an attempt to slash its budget.

About the only victory scored by Obama during the week came on a vote Wednesday to cancel $450 million for a costly alternative engine for the Pentagon's next-generation F-35 warplane. It was a top priority of Defense Secretary Robert Gates and passed with the votes of many GOP conservatives who opposed the $3 billion program, more than half of the 87 Republican freshmen elected last fall on promises to cut the budget.

Democrats overwhelmingly oppose the measure and Obama has threatened a veto if it reaches his desk, citing sweeping cuts that he says would endanger the economic recovery.

" The bill will destroy 800,000 American jobs," said House Democratic Leader Nancy Pelosi, D-Calif., citing a study by the left-leaning Economic Policy Institute. " It will increase class sizes and take teachers out of the classrooms ... It will jeopardize homeless veterans, make our communities less secure, threaten America's innovation."

The president's resolve against the measure will only be stiffened after votes like a 240-185 tally to block Planned Parenthood from receiving any federal money, a big victory for social conservatives like Mike Pence, R-Ind., the amendment's sponsor.

Debate over the abortion issue grew intense Thursday night, when Rep. Christopher Smith, R-N.J., read a description of a graphic second-trimester abortion procedure on the House floor.

Rep. Jackie Speier, D-Calif., responded with an emotional speech disclosing having undergone an abortion as her 17-week pregnancy was failing. " For you to stand on this floor and to suggest as you have that somehow this is a procedure that is either welcomed or done cavalierly or done without any thought is preposterous," she said.

Foes of the Environmental Protection Agency won a 249-176 vote to block the agency from using its regulatory powers to curb greenhouse gases. EPA has already taken steps to regulate global warming pollution from vehicles and the largest factories and industrial plants and is expected to soon roll out rules that target refineries and power plants.

Republicans also prevailed in more parochial issues, with Rep. Tom McClintock, R-Calif., winning a close vote to block the government from removing hydroelectric dams on the Klamath River, while Robert Goodlatte, R-Va., won a 230-195 vote to block an EPA plan for cleaning up the Chesapeake Bay that would cut pollution from farms and municipalities throughout the Chesapeake watershed.

And Florida agricultural interests won a vote to block EPA rules issued last year aimed at controlling fertilizer and other pollutants that stoke the spread of algae in the state's waters.

// businessweek.com //
 

 
krisluke
    20-Feb-2011 07:30  
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3 digits cut ?
 
 
krisluke
    20-Feb-2011 07:06  
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In The Middle Of The Night, The GOP Passes An Austerity Budget That's A Total Joke

Last week Obama released his budget and it was widely panned for not being aggressive enough with cuts, and for leaving entitlements alone.

Now it's the GOP's turn, and at around 4 AM Saturday morning, the GOP-led House passed its budget. The vote was 235-189, and it came after a marathon session of proposed amendments.

The cuts are being characterized as " deep" because the bill that passed would eliminate $60 billion in spending from now until the end of the fiscal year.

Sorry, but $60 billion? That's a joke. Just like with Obama, the GOP isn't talking entitlements, or military spending, or really anything to severe.

The US government spends over $3 trillion per year. Wake us up when one side is actually doing something drastic.

For a guide to Obama's budget, see here >

chart

 
 
krisluke
    20-Feb-2011 06:39  
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Want To Know When US Stocks Will Fall? Just Use This Simple Chart

It was another semi-unbelievable week of machine-like advances in the stock market.

What will it take for stocks to fall?

Perhaps this chart, which we published earlier, will help. It shows the booms and busts of the Nikkei, and notes that peaks almost always coincided with tightening measures of some form.

If the US is Japan, then just wait for the Fed to move, or (perhaps more likely) the Congress to seriously turn off the stimulus tap. If history repeats, that's when we're going to fall.

 

japan nikkei


 
 
Laulan
    18-Feb-2011 14:01  
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It shows how human have reached the " peak of perfection" over a short period of less than a hundred year to make use of the bits and bytes turning them into formidable technology for communication, finance and weaponry.   I remembered when they introduced computers chips to Singapore 35+ years back, not much value was attached to these.

Compare to the timeless beginning of man, the time taken to this space age is so short. and I am wondering how much more super technology will be invented or discovered in the coming one hundred years.. 

iPunter      ( Date: 17-Feb-2011 08:14) Posted:



In this Internet age, print media is bound to suffer inevitable diminishing returns.

  As it becomes more and more easy for people of all stations and inclinations

          to be informed online, there soon will be only one fair and just world...

                And this itself is sufficient reason for humanity to be happy...  Smiley  


bsiong      ( Date: 17-Feb-2011 00:36) Posted:



 

 

  Borders Goes Bust: What's Next?


NEW YORK (TheStreet) -- Borders files for Ch. 11. Is this the final chapter

 

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SGG_SGG
    18-Feb-2011 13:54  
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Maybe BOSS can wait for 13k   Smiley

handon      ( Date: 18-Feb-2011 13:46) Posted:

BOSS predicted wrongly..... price to pay = bankrupt.... 

 
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