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Saturday, June 8, 2013
Friday, June 7, 2013
Nikkei slumps as yen firms, Asian shares ease before U.S. jobs
By Chikako Mogi
TOKYO (Reuters) - The Nikkei entered bear market territory on Friday as the yen rose against the dollar on concerns that the key U.S. jobs data will disappoint, while wary investors awaiting clarity on the Federal Reserve's stimulus sent Asian shares to six-month lows.
Worries the nonfarm payrolls will undershoot expectations prompted investors to cut heavy bets that had been profitable for months, particularly those seeing the U.S. currency rise against the yen on a firming U.S. economy, and those buying Japanese stocks on hopes a weaker yen will underpin the Nikkei.
The benchmark Japanese stock average plunged as much as 1.9 percent to a fresh two-month low, having shed 20 percent from a 5-1/2 year high reached two weeks ago. The broader Topix index shed as much as 2.4 percent.
Asian shares failed to capitalise on an overnight gain in Wall Street as investors sought to square their positions before the payrolls data that may shed clues over whether the Fed could start tapering its stimulus programme in coming weeks.
Economists expect 170,000 jobs to have been added to the U.S. economy in May and the unemployment rate to hold at an almost 4-1/2-year low of 7.5 percent.
"Selling pressure will probably be restrained ahead of the employment data out of the U.S. tonight as it could very well go either way," said William Leys, premium client manager at CMC Markets.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 percent to its lowest since late November.
Australian shares dropped 0.7 percent to a fresh 4-1/2-month low while a tumble in heavyweight Samsung Electronics drove Korean shares down 1.4 percent. Hong Kong shares were down 0.5 percent.
After recovering to a high of 97.52 earlier, the dollar was back down 0.5 percent against the yen at 96.44, following a more than 3 percent plunge overnight to a seven-week low of 95.90 yen. The dollar index, measured against a basket of six major currencies, eased 0.11 percent but held its lowest since February 25 of 81.077 hit on Thursday.
BLAME RISING YIELDS
Market volatility reflects a retracement from excessive fears about the reduced Fed stimulus and high expectations for Japan to end deflation and boost growth, analysts said.
The recent pull-back in global financial markets was sparked more than two weeks ago when Fed Chairman Ben Bernanke suggested the U.S. central bank could start paring massive bond purchases as soon as the Fed's next few meetings if the economy improves further.
Takao Hattori, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities in Tokyo, said market players may be shifting their focus to higher yields, with U.S. yields rising on speculation about an eventual unwinding of the strong U.S. stimulus, while Japan's bold monetary stimulus has helped eased appetite for safe-haven German bonds. Japanese government bond yields have also faced upward pressures.
"Recent yield increases have brought about an unintentional tightening environment, lessening the degree of effectiveness from monetary stimulus provided by major central banks. This may be starting to unnerve markets," Hattori said.
Corrections have been far deeper for Japanese stocks and the yen as the Nikkei had surged over 80 percent from mid-November to last month's peak, while the yen had slumped 30 percent against the dollar in the same period, when speculators boosted their bets that Prime Minister Shinzo Abe will pursue strong reflationary policies. The Bank of Japan's unprecedented stimulus unveiled in early April had strengthened such bets.
The turmoil accelerated and crushed Japanese stocks as "Abenomics" -- monetary easing, fiscal spending and growth strategies -- failed to live up to blown-out market expectations for bold growth-spurring steps, triggering a wave of yen selling and Nikkei buying, all weighing on broader Asian bourses.
"It's not what Abe has announced that I am sceptical about. It's the way that policy is being directed and executed. It's the fact that Abe's 'three arrow' policies have been directed more towards changing expectations than reality," Robert Rennie, head of currency strategy at Westpac, said in a note.
Some analysts pointed to markets responding too negatively to the impact from potential Fed tapering.
Credit Suisse said in a research note that three key differences from stock corrections in past cases of Fed stimulus reduction suggested investors may be too pessimistic this time.
In previous cases, stock valuations were high, European risks were heightening and U.S. recovery was poor. Now, stock valuations are lower, European risks are lessening and the U.S. economy is improving. "We continue to suggest investors buy markets closer to trough valuations," it said.
The dollar steadied against the euro at $1.3251 after the common currency spiked to a three-and-a-half-month high of $1.3306 on Thursday, drawing support from the European Central Bank's decision to leave interest rates unchanged and as ECB President Mario Draghi said further monetary support was unlikely in the near future.
Draghi said the ECB was technically ready for negative deposit rates - the rate it pays commercial banks to hold their money - but there was no reason to act right now.
U.S. crude futures steadied at $94.81 a barrel while Brent was up 0.2 percent to $103.81.
(Additional reporting by Maggie Lu Yueyang and Thuy Ong in Sydney; Editing by Eric Meijer and Michael Perry)
Source: http://news.yahoo.com/asian-shares-steady-wall-street-gain-jobs-eyed-002424510.html
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Horse slaughterhouse accuses USDA of IRS tactics
ALBUQUERQUE, N.M. (AP) ? A southeastern New Mexico company's plans to convert a cattle plant into a horse slaughterhouse has hit another roadblock, this time over an environmental dispute that the company's attorney blames on the Obama administration putting politics over policy.
Blair Dunn, who represents Valley Meat Co. of Roswell in its more than yearlong effort to get approval to slaughter horses, says the U.S. Department of Agriculture keeps changing the rules because it opposes horse slaughter.
USDA officials referred questions to the Justice Department, which did not immediately respond to a phone call seeking comment.
Valley Meat's application to resume domestic horse slaughter has ignited an emotional, national debate over whether horses are livestock or domestic companions. The company wants to ship horse meat to countries where it is consumed by humans and sold for things like zoo food.
The issue has divided horse rescue and animal welfare groups, ranchers, politicians and Indian tribes about what is the most humane way to deal with the country's horse overpopulation and the rising number of neglected and starving horses as the West deals with persistent drought.
Since the company passed its inspection in late April, officials have been dragging their feet on giving the plant final approval to open by questioning whether it needs a permit under the federal Clean Water Act for discharging waste into water, Dunn said. The plant, he said, doesn't discharge anything into water, and such a permit was never needed during the 20 years the plant slaughtered cattle.
"If these were not requirements for a cattle facility, they cannot now suddenly become requirements for a horse facility," Dunn said in an email to David Glass, who is one of the attorneys representing the USDA against a lawsuit by Valley Meat over delays in approving its application.
Dunn compared the process to that of the Internal Revenue Service, which has been accused of subjecting conservative political groups to extra scrutiny when they applied for tax-exempt status.
"Should somebody be looking into whether or not there is direction from the White House to use/abuse USDA/EPA authority with regard to Valley Meat because they are on the other side of a political issue from the president?" Dunn said he wrote to Glass.
Dunn says Glass has not replied in writing but has left two voicemails saying the issue with the permit involves questions over whether the company needs the discharge permit as mandated by the Clean Water Act.
Glass, like the USDA, referred questions to the Justice Department's communications office, which did not immediately return phone calls.
The state Environment Department confirmed Valley Meat has a closed lagoon type system for its waste, and said to its knowledge the slaughterhouse has never had or needed the federal water discharge permit. Its current state permit for the lagoon is up for renewal.
The issue of whether the plant needs the federal permit was first raised by some of the groups opposed to congressional action in 2011 that restored USDA funding for horse slaughter inspections, essentially legalizing the practice that had been banned in 2006 when Congress cut the funding.
Front Range Equine Rescue and the Humane Society of the United States have filed notice of their intent to sue the USDA if it lets Valley Meat begin horse slaughter without the proper permits.
Department of Agriculture officials did not immediately respond to an email seeking comment on Dunn's allegations. But shortly after the latest inspection of the plant in April, Agriculture Secretary Tom Vilsack told The Associated Press the plant will open, unless Congress restores the ban on horse slaughter.
Dunn says the USDA is acting in bad faith, dragging its feet while it actively lobbies Congress to reinstate a ban.
The Obama administration's most recent budget proposal eliminates funding for inspections of horse slaughterhouses, which would effectively reinstate a ban on the industry.
Proponents of a return to domestic horse slaughter point to a 2011 report from the federal Government Accountability Office that shows horse abuse and abandonment have been increasing since slaughter was banned in 2006. They say it is better to slaughter the animals in humane, federally regulated facilities than have them abandoned to starve across the drought-stricken West or shipped to inhumane facilities in Mexico.
The number of U.S. horses sent to other countries for slaughter has nearly tripled since 2006. And many humane groups agree that some of the worst abuse occurs in the slaughter pipeline. Many are pushing for a both a ban on domestic slaughter as well as a ban on shipping horses to Mexico and Canada.
___
Follow Jeri Clausing at http://www.twitter.com/jericlausing .
Source: http://news.yahoo.com/horse-slaughterhouse-accuses-usda-irs-tactics-084339316.html
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Thursday, June 6, 2013
Samsung Galaxy S 4 Active official: water resistant, LTE-capable, coming to the US and Europe this summer
Samsung's gone official with the Galaxy S 4 Active -- once again, before the company's incoming UK launch event. With IP67 water and dust protection -- it'll survive three feet of water for up to 30 minutes -- as well as a 5-inch (TFT LCD) 1080p display (443 ppi), there's an unspecified 1.9GHz quad-core processor to do the heavy lifting. Alongside LTE radios and Android 4.2.2, the GS4 Active packs an 8-megapixel camera with LED flash, while the front-facer will take up to two-megapixel stillw.
Now, to match those outdoor protective credentials, there's also a water-resistant headphone socket, Samsung's 'glove touch' screen tech (meaning you'll be able to handle it with gloves) and a special 'aqua mode' setting for the camera to improve all those underwater shots you're bound to take with a submersible smartphone. (In fact, for meteorologists, there's even an outdoors-y barometer built in too.) The phone launches in the US (most likely on AT&T) and Europe this summer, in Urban Grey, Dive Blue and Orange Flare color options. We're still waiting on pricing, but Samsung promises that we'll be able to test it in the flesh at the aforementioned London event later this month.
Mat Smith contributed to this report.
Filed under: Cellphones, Mobile, Samsung
Source: Samsung Tomorrow
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/lrdw19LsscA/
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The Galaxy S4 Active Is An Outdoor-Friendly Addition To Samsung's Flagship Phone Family
After unboxing last week?s?Galaxy S4 Mini, Samsung is keeping the pedal pressed to the metal by announcing another new launch variant of its current flagship smartphone ? this time aimed at users who want their device to be made of slightly tougher stuff. Iterating its portfolio in this way is how Samsung squeezes the competition by making it harder for them to differentiate on price, size or special features like water-resistance. Sorry Sony.
The Galaxy S4 Active?is being badged as a phone for outdoorsy types ? hence it?s dust and water resistent to IP67 (one below the highest possible rating) and has a fully sealed design. This means it can be submerged in water one meter deep for up to 30 minutes, so great for dropping in puddles and streams, not so great for dropping when you?re scuba diving.
Although Samsung?s marketing material makes it sounds like a rugged phone, there?s no specific mention of impact resistance or especially toughened glass in the specs ? so if you?re after a phone to take to work on a construction site you?re probably better off with one of these bad boys?(having seen my TC colleague Chris Velazco do his best but fail to crack the CAT B15?s will by throwing it at some fake rocks). The thing is, truly rugged phones are necessarily chunky so there is always a trade off.
With the S4 Active you?re getting flagship smartphone power and looks in a slightly less fragile package than usual but not one that looks like it belongs on a building site. The S4 Active is 9.1mm thick and 151g heavy vs the S4?s 7.9mm and 130g. So, basically the S4 Active is a phone for Samsung fans who don?t want to have to worry about taking their expensive phone to the beach. Aside from its sealed design, the one notable hardware design change on the Active vs the S4 is the single home button being replaced by three physical keys: menu, home and back.
Under the hood, the Active has a?1.9GHz Quad-Core Processor, plus the same 2,600mAh battery as the S4. The 5.0?? Full HD TFT LCD screen?includes what Samsung calls its ?Glove Touch? feature, meaning it can be operated while wearing gloves ? a trick the company appears to have?borrowed from Nokia.
On the S4 Active?s rear is an 8 megapixel camera (the S4 has a 13MP lens) to which Samsung has added a new software mode ? called Aqua Mode ? to improve the clarity of underwater photography and video. The camera?s LED flash is also co-opted into acting as a torch via the shortcut of long pressing on the volume key.?So handy if you?re trying to stumble back to your tent in the dark.
Other software features include??S Travel (Trip Advisor)??? which offers ?travel assistance, local information, and recommendations? ? plus Samsung?s??S Translator? software for text or voice translation.
The S4 Active will go on sale this summer, initially in the U.S. and Sweden. Pricing has not been confirmed ? nor has specific market availability for the three ?colour options: grey, blue and orange.
Source: http://techcrunch.com/2013/06/05/samsung-galaxy-s4-active/
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Reunion Resort Orlando - ArticleSnatch.com
Just minutes away from Orlandos most popular attractions. Reunion resort, is the ultimate destination for adventure and relaxation. Situated on 2300 acres of beautiful landscape, the resort offers spacious villas and inviting home combined with exclusive amenities such as a 3 signature golf course, water park, Spa and fitness centre, exceptional dinning and more.
Easily accessible from 1-4 Reunion Resort is located 6 miles from the entrance of Walt Disney World Resort , 20 mile Orlando International Airport , 60 mile east of downtown Tampa and 70 miles west of Cocoa Beach.
Accommodation: This luxury resort offers the comfort of a beautiful appointed 1-3 bedroom apartments of 3-8 bedroom vacation rental homes more than an average hotel room, most apartment and private homes border one the three on site championship courses and include living and dining with a private balcony or patio, fully equipped kitchen secluded master suite and additional bedrooms providing queen , two double or two single beds, housing keeping service is provided daily.
Leisure and Amenities
Surrounded by lush landscape, Reunion Resort features exclusive amenities and personalised service that caters for all your needs . A true gold destination. Reunion Resort is the only place in the world that feature 3 signature golf course designed by three legends, Arnold Palmer, Tom Watson, and Jack Nicklaus as well as Annika Sorestams and the one and only teaching facility ANNIKA Academy.
In addition to golf , world class amenities include the 5 acres Reunion Water Park complete with lazy river, slides and poolside food and beverage services. There are also bicycle rentals available, six lighted hydro grid tennis courts, ten community swimming pools, a fitness centre and a full service spa. Weather your on the way out on the course or looking a casual dinner. Reunion dinning has you covered with hearty fare at the clubhouse The Coves Caribbean poolside fare , Fresh Sushi at the Grande Lobby bar and upscale American dinning seasonally at Forte. Make sure to end the day on the rooftop bar, Eleven where extraordinary dinning meet casual nightlife with a nightly display of fireworks. Minutes away from the Central Florida excitement, but far away from anything ordinary. Reunion Resort is a destination for unparalleled luxury vacation.
Reunion Resort Is a five star exclusive Tour America resort for more information on this resort and all Orlando Holidays check out Tour America .ie Tour America are based in Dublins Abbey Street 62/62 and can be contacted at Telephone 01 817 3535
About the Author:
Travel writer from Dublin specialising in North American Holidays and Cruise Holidays.
Source: http://www.articlesnatch.com/Article/Reunion-Resort-Orlando-/4919639
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Wednesday, June 5, 2013
The Ins And Outs Of Whale Tour Business Marketing An Operative ...
To run a successful whale watching tour boat business, you need to find a way to make your tour boat company stand out, which of course is a difficult task. You need to be both unique and creative to draw attention to yourself, but luckily there are countless ways to accomplish this.
Getting upfront payments will save you a lot of headaches. Keep a close eye on your money and know where you stand financially speaking so you are always aware of what you are dealing with. This will help you to plan for your tour boat company?s future better.
When you are putting together your whale watching tour boat business, you?ll have to keep a certain numbers of employees. What is their skill set and ability to gel in with the environment as well as their actual utilization in the work process has all got to be looked into. You really don?t need to employ too many and then find that you are weighed down by paying a huge amount as wages. Hire as you go along and above all train and align them to the system so as to reduce chances of clash of personalities.
Partnerships can thrive provided both are on the same page in terms of goals and methods of reaching them. If the two partners are unconvinced about the other?s ability and way of working, it may amount to disagreement and sometimes a clash or dispute. Work this out beforehand to avoid unpleasantness.
Keep your work environment as organized as possible to be able to get work done efficiently without too many errors. A shabby place of work sends all the wrong signals to professionals visiting your venue and communicates lack of interest in the work. This is the last thing you?d want your investors or customers to see.
You can always improve your sales practices, even if you make a lot of revenue now. Put your employees through sales training periodically too keep them up to date on the latest sales strategies.
Try to separate family from your whale watching tour boat business. It can be a detriment to your business if you decide to work with family, and you don?t want to put yourself in a situation where you have to choose between the two.
To keep your tour boat company running smoothly, ensure that you have a means of communicating to the entire staff and keep them glued to every little development in the company. This builds cohesion of purpose and a feeling of unity. Every staff member begins to feel the pulse of change and growth much more. Keep updating the information and send newsletters or emails to ensure this.
Who doesn?t want to make it big? One who ventures into whale watching tour boat business does so for fortune and fame. How it comes about is through intense commitment to this goal. To achieve these goals some great planning and executing has to be carried out. To retain your energy levels despite facing odds and to keep badgering yourself to go on, is essential to make it big. Be stubborn enough not to let go of your dream and you?ll fulfill it for sure.
When you are dying to know more about the topic of whale watching tour boat, go ahead and visit Yahoo and search for whale watching long beach. You?ll be happy you did!
Source: http://hotarticledepot.com/the-ins-and-outs-of-whale-tour-business-marketing-an-operative-lead/
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