| Asia buckles under U.S. recession fears
Rumors of an emergency FOMC meeting continued to do the rounds in Asia. "There's talk about a Fed meeting - that's what the futures people are telling us," said Ric Klusman at Aequs Securities. "But then again it makes sense for them to wait for the December CPI figures out tonight." Some analysts are saying that those betting on an emergency move seem bound for disappointment, since the official meeting date is too close. "The only other way in which they might get bailed out is if the Fed cuts by 75bps on January 30," said Matthew Johnson at ICAP Australia. "The Fed hasn't cut by 75bps since they moved to interest rate targeting in the early 1990s, and I don't think that they'll do so now." Other analysts suggest an emergency Fed rate cut won't calm market nerves, as these moves may do little to resolve the subprime loan problem fundamentally.
Japan's mini car boom sends Suzuki past Honda
Strange things are happening in Japan's domestic auto market. Despite a glut of models and Japan's economic recovery, regular car sales are still slumping—down 6.2% in October, the sixteenth consecutive year-on-year monthly decline. But perhaps of more interest is the growing role of kei or mini cars—low cost, tiny cars limited to 660cc engines and mass produced by just a few automakers, such as Suzuki, Mitsubishi and Daihatsu. Bucking the wider trend, through October, kei car sales rose 4.4% and are expected to break the 2 million sales barrier for the first time this year. Kei cars now account for 35% of unit sales in Japan's 6 million a year car market. One reason is price. Kei cars, already cheaper to produce, receive tax advantages from the government, and typically cost around a million yen ($9,000).
Well, That's Done
He doesn't mention that we have no 1st of 3rd basemen; he claims that the added year of expreience will make the bullpen competitive; and he compares our team to the Atlanta Braves, because of the Giants present rotatation. What gall, what a MAROON. He also says the team "will take a different TACT this year...". The correct expression is TACK. He makes no promises of anything else. Frankly, the guy's out of bullets and no one has told him... Twinfan, I would ease up on the speculation because odds are this IS the team you'll seee in April. Sabean as much as admits it. This team is going to suck ---monstrously. Oh, and as far as Rowland --- BFD!!! Posted By: pacificat | January 28 2008 at 03:10 PM .
Sensex slips in early trade
At 10:05 am, the Bombay Stock Exchange's Sensex was down 216 points or 1.19 per cent at 17,859.92
Bharti Airtel (down 2.53%), BHEL (2.48%), ICICI Bank (2.2%), HDFC (2.08%) and NTPC (1.91%) were the biggest index losers. Bajaj Auto (up 1.61%), Satyam Computer (1.61%), Infosys Technologies (1.17%), Wipro (1.02%) and Tata Consultancy Services (0.47%) were the major gainers. The National Stock Exchange's Nifty was down 61 points or 1.15 per cent at 5220.25.
“We had a gap up opening Tuesday, but lost around 1 per cent from the day's high. The discount in the Nifty February futures also widened to 20 points from 4 points. We will see profit booking coming at these levels, but Nifty might find support at 5150 levels," UTI Securities said in a note.
The brokerage recommends buying HCL Tech, Mphasis, Sasken, and Tech Mahindra expecting them to outperform the market in the near term.
Mickey Kaus
He actually received more votes than he bought, a noble feat in the straw poll. ... 10:13 A.M. ___________________________ Bush--You Asked for It, Yahoos! Is the recently announced Bush crackdown on employers of illegal immigrants 1) a desperate, Lindsey Graham-like make-up call to placate conservatives by enforcing existing laws (a possible trust-building precondition to winning some of them over to legalization of currently-illegal residents) or 2) a Leninesque attempt to heighten the contradictions and create pressure for legalization by demonstrating to business and the media that actually enforcing the existing immigration laws is intolerable? .
Profile: Guy Hands
He's invested in deals where others haven't seen value, and the whole nature of those investors is that sometimes they get it right and sometimes they get it wrong. Guy has obviously seen some value at EMI." The big question, as much for the listening public as for the rockers who have had it so good for so long, is where? Founded in 1931 as Electrical and Musical Industries, EMI has been one of the glories of the British entertainment scene, boasting on its roster the Beatles, Pink Floyd, Queen and the Sex Pistols. But the good times ended long ago, and the company's recent history has been a succession of crises. In 2001, it signed Mariah Carey, the five-octave human wonder, to a record breaking, five-album contract, but after her first effort flopped had to pay her £35 million to go away again.
Afghanistan:Manley Report
The trans-Afghan pipeline remains on hold until it can be built safely through Taliban territory. We find ourselves in a situation where, though we'd like to leave, if we cut our ties and left, the puppet would collapse. So before we leave we need to create an Afghan army that we can control from afar and that will prop up the Karzai government and secure the region for the US. But it seems we are having trouble finding Afghan recruits to replace us. But why should we be surprised? Afghanistan is a Muslim nation that has been invaded by infidels bent on imposing their godless values on the people. (Think of Britney Spears or Paris Hilton as poster girls for women's rights and freedoms.) Why would Muslims surrender their country to agents of the Great Satan? So of course they will fight us.
Fed predictions help send oil briefly over $101
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