http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Mon 18th February 08
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
The US closed for the next session and it's Monday so the action is slow so far. All Ords currently -0.7% with sectors mixed. IT is out in front, +2.1% followed by Utilities, +1.4%. At the red end, Financials are doing yet another plunge, -2.8% and miners are -0.5%.
The Big 2 are down: BHP -1.3% and RIO -1.7%. Golds are dithering: Newcrest +1.4%, Newmont -0.7% and Lihir +0.9%. Tentative buying in the juniors.
Oils energetic: Woodside +2.1%, Santos +3.4% and Caltex -0.4%.
Mixed & muddled today. All Ords closed -0.8% with Financials at one end, -3.1% and Energy at the other, +1.1%. The remainder of the sectors had minor gains or losses.
Reasonable volume on the miners: BHP -0.3% and RIO -2.3%. Golds didn't see much uplift: Newcrest -2.6%, Newmont -0.4% and Lihir +1.4%. Juniors mixed.
Oils did ok: Woodside +1.8%, Santos +4.3% and Caltex +1.3%.
Asia also mixed ranging from China +1.4% to Honkers -0.9%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
ANZ Drops as CEO Says Credit `Bloodbath' Cuts Profit
Feb. 18 (Bloomberg) -- Australia & New Zealand Banking Group Ltd. fell to a 2 1/2-year low in Sydney trading after Chief Executive Officer Michael Smith said the ``bloodbath'' in debt markets will erase profit growth this year.
``Credit costs are going up, well above underlying earnings growth,'' said Smith, who joined ANZ from HSBC Holdings Plc last year, in a webcast briefing. The Melbourne-based bank, Australia's third largest, will also take a $200 million charge for derivatives linked to U.S. debt insurer ACA Capital Holdings Inc.
Feb. 18 (Bloomberg) -- Australia & New Zealand Banking Group Ltd. fell to a 2 1/2-year low in Sydney trading after Chief Executive Officer Michael Smith said the ``bloodbath'' in debt markets will erase profit growth this year.
``Credit costs are going up, well above underlying earnings growth,'' said Smith, who joined ANZ from HSBC Holdings Plc last year, in a webcast briefing. The Melbourne-based bank, Australia's third largest, will also take a $200 million charge for derivatives linked to U.S. debt insurer ACA Capital Holdings Inc.
Brown's Government Starts Work to Nationalize Northern Rock
Feb. 18 (Bloomberg) -- Prime Minister Gordon Brown's government will introduce a law today to nationalize Northern Rock Plc after the Treasury rejected a private rescue for the only U.K. bank to suffer a run on deposits in a century.
Shares of the Newcastle-based bank will be suspended, and an independent panel will determine how to compensate shareholders.
The first bank nationalization since 1984 will damage the credibility that the Labour government has established for managing the economy since it took office a decade ago. It will leave Treasury officials responsible for 113 billion pounds ($222 billion) of Northern Rock assets and 6,500 employees.
Darling's legislation will give the government sweeping powers to seize any other bank that runs into trouble. That authority, the Treasury said, would expire in a year and will be used only to preserve the stability of the financial system or the interests of taxpayers.
Feb. 18 (Bloomberg) -- Prime Minister Gordon Brown's government will introduce a law today to nationalize Northern Rock Plc after the Treasury rejected a private rescue for the only U.K. bank to suffer a run on deposits in a century.
Shares of the Newcastle-based bank will be suspended, and an independent panel will determine how to compensate shareholders.
The first bank nationalization since 1984 will damage the credibility that the Labour government has established for managing the economy since it took office a decade ago. It will leave Treasury officials responsible for 113 billion pounds ($222 billion) of Northern Rock assets and 6,500 employees.
Darling's legislation will give the government sweeping powers to seize any other bank that runs into trouble. That authority, the Treasury said, would expire in a year and will be used only to preserve the stability of the financial system or the interests of taxpayers.
short EURJPY 158.28
got stopped out at break even and call it a day. Very tight range, bullshit trading.
Holidays are natures way of telling you to think about something different.
What we have here is an email that was circulated this past weekend from my boss. It was in response to a code question regarding Compact Fluorescent Light bulbs that came up in his work. He contacted the manufacturer, and got the following response.
What we have here is an email that was circulated this past weekend from my boss. It was in response to a code question regarding Compact Fluorescent Light bulbs that came up in his work. He contacted the manufacturer, and got the following response.
QUOTE
Dear Master of Slappy,
Thank you for taking time to contact GE Lighting and I will be glad to
answer your questions.
1. I don't believe the lamps are counterfeit. Most light bulbs are not
required to be UL rated since they can only operate in another product
(fixture). The fixture would be rated. Only products with a "plug" are
required to be UL rated. The only exception to this is Compact
Fluorescents. They are UL rated because they are self ballasted lamps. The
listing is on the base of the lamp.
2. In order to get the most efficient operation and longest life possible
from our Compact Fluorescent bulbs, please note the following situations,
specifically #6, which may affect the life of Compact Fluorescent Lamps
(CFLs) and in some cases cause immediate failure. Reviewing these ma
help you to determine if you may need to select another bulb for your
needs. The first 3 caution statements are normally found on the back of
the packaging, but due to some recent changes in our packages, may be
found inside the packaging. Using a CFL in those situations, or any other
situation warned against on the package, will void the warranty.
1) They should not be used on dimmers unless the specific bulb is noted
on the package as a "dimming CFL".
2) They should not be used on electronic timers. Manual timers (the dial-
types that use push-in clips or tabs to set the timer) are "mechanical"
and only serve to turn the circuit on or off. This is the only type of
timer that is acceptable for CFLs.
3) They should not be used on photocell devices or fixtures (dusk-to-dawn
or motion sensing).
4) While they can be used in enclosed OR recessed fixtures, they should
NOT be used in fixtures that are BOTH enclosed AND recessed.
5) If a CFL is used outdoors, you MUST make sure it is approved for
outdoor use, and verify the lowest operating temperature for the area
where the product is being used. If the lamp or package does not state it
can be used outdoors, then it is not approved for outdoor use, even in an
enclosed fixture.
6) Compact fluorescent light bulbs work best if they are left on for over
15 minutes each time they are turned on. Warm-up will probably not be
noticeable from a user stand point, but the lamp needs to warm-up in order
to reach the point of most efficient operation. Frequently switching them
on and off will shorten the life of the product. If the life of the lamp
is shortened significantly, you will not reap the financial benefits
(includes energy and life of lamp), that are common to CFL lamps. Thus,
applications such as a closet, pantry, bathroom, laundry room, etc., are
not optimal. Incandescent and halogen lamps are still most efficient for
these environments.
7) While we offer one CFL for ceiling fans, applications where there is
vibration present (such as a ceiling fan or garage door opener) can damage
the electronics in the ballasts of all other CFLs. The ceiling fan CFL
should not be used on a garage door opener, which offers much greater
vibration than a ceiling fan. To view this bulb, please go to the
following link and click on Consumer Products:
http://www.gelighting.com/na/
Now click on "Ceiling Fan" in the Decorative column on the left side of
the page.
Now click on "Compact Fluorescent" in the Lamp Type column, again on the
left side of the page. You will see two bulb selections. They are the same
bulb, but the top listing is the "2-pack".
I hope you find this information very helpful. Thank you again for
visiting GELighting.com and your interest in our products. Please contact
us again should you need further assistance. Have a nice day.
Sincerely,
Julie
GE Internet Response Team
Thank you for taking time to contact GE Lighting and I will be glad to
answer your questions.
1. I don't believe the lamps are counterfeit. Most light bulbs are not
required to be UL rated since they can only operate in another product
(fixture). The fixture would be rated. Only products with a "plug" are
required to be UL rated. The only exception to this is Compact
Fluorescents. They are UL rated because they are self ballasted lamps. The
listing is on the base of the lamp.
2. In order to get the most efficient operation and longest life possible
from our Compact Fluorescent bulbs, please note the following situations,
specifically #6, which may affect the life of Compact Fluorescent Lamps
(CFLs) and in some cases cause immediate failure. Reviewing these ma
help you to determine if you may need to select another bulb for your
needs. The first 3 caution statements are normally found on the back of
the packaging, but due to some recent changes in our packages, may be
found inside the packaging. Using a CFL in those situations, or any other
situation warned against on the package, will void the warranty.
1) They should not be used on dimmers unless the specific bulb is noted
on the package as a "dimming CFL".
2) They should not be used on electronic timers. Manual timers (the dial-
types that use push-in clips or tabs to set the timer) are "mechanical"
and only serve to turn the circuit on or off. This is the only type of
timer that is acceptable for CFLs.
3) They should not be used on photocell devices or fixtures (dusk-to-dawn
or motion sensing).
4) While they can be used in enclosed OR recessed fixtures, they should
NOT be used in fixtures that are BOTH enclosed AND recessed.
5) If a CFL is used outdoors, you MUST make sure it is approved for
outdoor use, and verify the lowest operating temperature for the area
where the product is being used. If the lamp or package does not state it
can be used outdoors, then it is not approved for outdoor use, even in an
enclosed fixture.
6) Compact fluorescent light bulbs work best if they are left on for over
15 minutes each time they are turned on. Warm-up will probably not be
noticeable from a user stand point, but the lamp needs to warm-up in order
to reach the point of most efficient operation. Frequently switching them
on and off will shorten the life of the product. If the life of the lamp
is shortened significantly, you will not reap the financial benefits
(includes energy and life of lamp), that are common to CFL lamps. Thus,
applications such as a closet, pantry, bathroom, laundry room, etc., are
not optimal. Incandescent and halogen lamps are still most efficient for
these environments.
7) While we offer one CFL for ceiling fans, applications where there is
vibration present (such as a ceiling fan or garage door opener) can damage
the electronics in the ballasts of all other CFLs. The ceiling fan CFL
should not be used on a garage door opener, which offers much greater
vibration than a ceiling fan. To view this bulb, please go to the
following link and click on Consumer Products:
http://www.gelighting.com/na/
Now click on "Ceiling Fan" in the Decorative column on the left side of
the page.
Now click on "Compact Fluorescent" in the Lamp Type column, again on the
left side of the page. You will see two bulb selections. They are the same
bulb, but the top listing is the "2-pack".
I hope you find this information very helpful. Thank you again for
visiting GELighting.com and your interest in our products. Please contact
us again should you need further assistance. Have a nice day.
Sincerely,
Julie
GE Internet Response Team
Now I know why Fxfox was raging against tax havens:
http://www.bloomberg.com/apps/news?pid=206...J_vA&refer=home
"Germans watched the latest corporate scandal unfold live on the breakfast television shows."
"Zumwinkel, 64, resigned the next day as prosecutors investigated allegations that he evaded 1 million euros ($1.5 million) in taxes by transferring money to Liechtenstein."
"`A pronounced feeling of injustice is increasingly taking hold in Germany,''"
"Liechtenstein has been branded an ``uncooperative'' tax haven by the Organization for Economic Cooperation and Development."
" Zumwinkel received compensation of 3 million euros in 2006, according to Bonn-based Deutsche Post's annual report.
Zumwinkel first earned criticism in December when he exercised stock options and sold 4.73 million euros of Deutsche Post shares after Merkel and her coalition partners agreed to introduce a minimum wage for postal workers. "
"``I just can't understand the greed,'' said Aid Kfzavic, 26, a Frankfurt store detective who catches shoplifters at Saturn, a German electronics store. ``How many millions does Zumwinkel make? Why does he need more?''"
Cuz he's greedy, like Tangelo.
The rich can always evade taxes, while the populace will pay without any chance to escape.
http://www.bloomberg.com/apps/news?pid=206...J_vA&refer=home
"Germans watched the latest corporate scandal unfold live on the breakfast television shows."
"Zumwinkel, 64, resigned the next day as prosecutors investigated allegations that he evaded 1 million euros ($1.5 million) in taxes by transferring money to Liechtenstein."
"`A pronounced feeling of injustice is increasingly taking hold in Germany,''"
"Liechtenstein has been branded an ``uncooperative'' tax haven by the Organization for Economic Cooperation and Development."
" Zumwinkel received compensation of 3 million euros in 2006, according to Bonn-based Deutsche Post's annual report.
Zumwinkel first earned criticism in December when he exercised stock options and sold 4.73 million euros of Deutsche Post shares after Merkel and her coalition partners agreed to introduce a minimum wage for postal workers. "
"``I just can't understand the greed,'' said Aid Kfzavic, 26, a Frankfurt store detective who catches shoplifters at Saturn, a German electronics store. ``How many millions does Zumwinkel make? Why does he need more?''"
Cuz he's greedy, like Tangelo.
The rich can always evade taxes, while the populace will pay without any chance to escape.
Yesterday on Belgian Television they said the Belgian Taxcollector is going to abandon I think it was 100 million Euro in Taxes because they do not have the people nor the time nor the money to inforce these taxes.
The person responsible for the decision will have to explain before the interim emergency government why this is so.
His answer will be very simple is said : those taxes are uncollectable
Since ordinary persons get a visit from a bailif who takes everything except the table the bed and the TV ( yes the TV as been added to the list of necessities of life ) I wonder what kind of person can evade taxes long enough without anything to collect and then get acquitted .
I think they are talking incorporated businesses here
The person responsible for the decision will have to explain before the interim emergency government why this is so.
His answer will be very simple is said : those taxes are uncollectable
Since ordinary persons get a visit from a bailif who takes everything except the table the bed and the TV ( yes the TV as been added to the list of necessities of life ) I wonder what kind of person can evade taxes long enough without anything to collect and then get acquitted .
I think they are talking incorporated businesses here
Are the DOW futures really up 149 points?
QUOTE(aussiebear @ Feb 18 2008, 01:36 PM)
ANZ Drops as CEO Says Credit `Bloodbath' Cuts Profit
Feb. 18 (Bloomberg) -- Australia & New Zealand Banking Group Ltd. fell to a 2 1/2-year low in Sydney trading after Chief Executive Officer Michael Smith said the ``bloodbath'' in debt markets will erase profit growth this year.
Feb. 18 (Bloomberg) -- Australia & New Zealand Banking Group Ltd. fell to a 2 1/2-year low in Sydney trading after Chief Executive Officer Michael Smith said the ``bloodbath'' in debt markets will erase profit growth this year.
Aussiebear, when is the NAB gonna report? You know, about being caught with its pants around its ankles?
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