With everyone’s attention turning to the debt ceiling X-Date of October 17 (or sooner now that the Pentagon is once again spending money like a drunken sailor following the recall of 400,000 workers or half of the total number fuloughed), some are wondering why is the stock market not reacting more violently. The generic response that has formed is that despite all the feamongering by Obama and the Treasury, even crossing the X-Date will hardly result in the apocalyptic outcome that so many predict as the Treasury can “prioritze payments”, i.e., paying some bills and not others, which as we explained before, means paying down debt obligations first, and everything else - whose non-payment does not constitute an event of default under US debt - last. In other words, if the US were to merely live within its means, it should have no problem remaining current on its interest expense even if that means slashing most other government programs.
Continued
Renault on Tuesday launched the second phase of its giant low-cost car factory in Morocco, whose opening last year sparked anger in France, amid opposition to the so-called “delocalisation” of manufacturing.
The second stream at the plant outside Tangiers, which will produce the Dacia Sandero model, will allow the French carmaker to double output at what it says is the biggest factory of its kind in Africa. Production is due to reach 340,000 vehicles in 2014.
(via .:Middle East Online::Second phase of North Africa’s biggest car factory opens in Morocco :.)
#NYSE : $UA · Under Armour, Inc.
40.4% gain 3-months : 56.35 -> 79.11 0.1% gain 2-weeks : 79.0 -> 79.11
1,154,500 median volume (3 months) …max: 5,778,100 …avg: 1,260,723 …min: 475,400
70.1% daily positive gains (47/67 days)
Adobe (ADBE) is expected to report FQ3 2013 earnings on September 17th after the close. The information below is derived from data submitted to the Estimize platform by a set of Buy Side and Independent analyst contributors.
For nearly a quarter century Molecular Biology of the Cell has been the leading cell biology textbook. This tradition continues with the new Fifth Edition, which has been completely revised and updated to describe our current, rapidly advancing understanding of cell biology. To list but a few examples, a large amount of new material is presented on epigenetics; stem cells; RNAi; comparative genomics; the latest cancer therapies; apoptosis (now its own separate chapter); and cell cycle control and the mechanics of M phase (now integrated into one chapter).
The hallmark features of Molecular Biology of the Cell have been retained, such as its consistent and comprehensive art program, clear concept headings, and succinct section summaries. Additionally, in response to extensive feedback from readers, the Fifth Edition now includes several new features. And for the first time, Molecular Biology of the Cell now contains end-of-chapter questions. These problems, written by John Wilson and
Furloughed federal workers protest outside the U.S. Capitol $24 billion dollars is the answer. The 16 day long government shutdown over financing a healthcare reform for America's poorest citizens, that almost crashed the economy, cost the American Taxpayer $24 billion dollars. This was published in an estimate by Standard and Poor's. Another way to look at this is, it cost $1.5 billion dollars a day. The shutdown had a large affect on the economy, and it was estimated that fourth quarter GDP growth will be reduced from 3% to 2.5%. A breakdown of losses: $3.1 billion was lost to government services according to research firm IHS. $152 million was lost each day to travel spending by the U.S. Travel Association. $76 million per day was lost because the National Parks were closed. $216 million per day was lost in contractor wages in the D.C. area alone. The shutdown affected hundreds of thousands of federal workers. It affected small businesses and stalled many business loans. It put a halt on tourism in many areas and affected military families who rely on child services. Many federal workers will receive furloughed pay, but contractors will not. Financial predictions expect this to affect spending during the holidays. It is still amazing that our politicians would be so irresponsible to let the U.S. government shutdown for over two weeks. The future does not look promising either. The decision made last week to reopen the government is not a solution to the problem but merely a delay until January when the fight over spending and the debt ceiling will come down to another deadline. Hopefully our leaders in Washington can figure this out before then, as usual I am skeptical.
http://aclassasset.blogspot.com/2013/10/how-much-did-that-shutdown-actually-cost.html
“The entry of these leading financial institutions indicates the increasing attractiveness of the emerging consumer segment – the millions of people eager to join the middle class but who are not there yet,” said Andrew Kuper, LeapFrog Investments’ president and founder.
“There are 1.9 billion emerging consumers in LeapFrog’s target regions, and their spending power is forecast by McKinsey & Co to rise from $2 trillion today to $5 trillion in the coming decade. Financial services are crucial springboards for households and businesses, but access is very limited. LeapFrog backs the best companies to serve this vast and untapped market.”
Dominic Liber, who leads LeapFrog’s investments in Nigeria, said,
“Nigeria and the broader West African region have been priorities for LeapFrog from the start, and via this new fund we expect to be making new investments in leading Nigerian financial service companies.”
Canadian Solar Inc. (NASDAQ:CSIQ) has run into a major double top from 2010. This is a classic swing trade short as a pull back is now expected. The s…
Canadian Solar Inc. (NASDAQ:CSIQ) has run into a major double top from 2010. This is a classic swing trade short as a pull back is now expected. The stock has run from $1.95 to $33.25 in less than a year. This is an epic move of 1600%. A likely pull back target would be $26.00. Gareth Soloway InTheMoneyStocks.com
SanDisk Corp (NASDAQ:SNDK) is a leading flash storage technology company that is coming under some selling pressure during today’s trading session. SN…
SanDisk Corp (NASDAQ:SNDK) is a leading flash storage technology company that is coming under some selling pressure during today’s trading session. SNDK stock is trading lower by 0.95 cents to $61.34 a share. Day traders should watch for important intra-day support around the $60.45 level. This is a level where the stock could stage a near term bounce. Nicholas Santiago InTheMoneyStocks.com
Philadelphia Gas Works is being sold as advised by Lazard Ltd. The administration of Philadelphia Mayor Nuttter continues to build a case for the sale of the Philadelphia Gas works. They released a cost benefit analysis showing how the sale would be good for the taxpayer. This new report was completed by financial advisory firm Lazard. The report estimates that the sale of PGW will be for between $1.45 billion and $1.9 billion. This sale will yield a net profit for the city of between $422 million and $872 million after PGW's debts are paid. Budget Director Rebecca Rhynhart claims the report is a conservative estimate of the value of PGW. She bases this on the opportunities that exist for new business opportunities and rate increases in the future. Mayor Nutter would like the money from this sale to go towards the city's pension system which is currently underfunded. Critics of this sale point out that the sale of PGW will lose the city $18 million in a year. Rhynhart claims that this will be made up for by additional room in the budget from the now funded pension funds.
http://aclassasset.blogspot.com/2013/10/philadelphia-sells-philadelphia-gas.html
This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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