Sunday, January 30, 2011

Capitalist Pig Bob thinks Obama's Kowtowing to Enemies has Backfired; Suddenly Chavez and Gaddafi Emerge as Quotable Dictators on Foreign Policy ..

CARACAS (AFP)--Venezuelan President Hugo Chavez spoke on Sunday with his Syrian counterpart,  Bashar al-Assad, and Libyan leader Muammar Gaddafi about the political crisis in protest-hit Egypt.  

Chavez told his Syrian and Libyan counterparts by phone that Caracas backs a "peaceful solution" as protests shook the Middle Eastern nation for a sixth day, pressing for the resignation of Egyptian President Hosni Mubarak.

The Venezuelan president "trusts that the situation will find on its own the road to harmony, justice and wellbeing," a statement from his office said.

"I am very worried," Chavez said earlier on VTV state television. "The situation in Egypt is very complicated, I do not want to weigh in because of the sovereignty of each country."

Gaddafi told Chavez, an elected populist-socialist, it was "disgusting to see U.S. meddling and its seeking to take control," the Venezuelan leader said.

The Libyan leader spoke by telephone with Mubarak on Saturday, the fifth day of protests calling for the end of Mubarak's regime, the Libyan news agency Jana reported.

Gaddafi, 68, has privileged relations with the 82-year-old Egyptian head of state, whose country has tens of thousands of expatriate workers inside Libya.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 30, 2011 21:05 ET (02:05 GMT)- - 09 05 PM EST 01-30-11

PBOC's Decision to Use Currency Swaps next Month Could Signal Benchmark Interest Rates Will Go Higher; Inflation Poses Intricate and Sensitive Problems ..

BEIJING (Dow Jones)--China's central bank said Sunday it aims to keep interest rates appropriate and handle liquidity properly in a bid to stabilize price increases, while also for the first time praising the yuan exchange rate reform carried out since mid-last year as having had a positive impact on the real economy.

The comments made by the People's Bank of China in its fourth-quarter monetary policy indicate Beijing's dedication to use all kinds of policy tools, including possible rate increases and faster yuan appreciation, to curb inflation, although it didn't elaborate on its plans on further reforming interest and exchange rates.

The report came after PBOC Governor Zhou Xiaochuan warned earlier Sunday that the central bank must be vigilant on inflation and may need to tighten reserve requirements further to address rapid capital inflows.

Speaking to Dow Jones Newswires on the sidelines of meetings in Kyoto, Zhou said Chinese price growth slowed slightly in December, though stronger than many had forecast, and signalled it had more room to climb.

"Inflation is still higher than many people expected. It may be still going up a little, so we should keep vigilant on that," Zhou said. Asked whether China needed to tighten banks' reserve requirements further to tackle rapid capital inflows, amid already excessive liquidity conditions, Zhou said: "Maybe we need to continue our efforts."

China's consumer price index rose 4.6% from a year earlier in December, down from 5.1% in November, which was the fastest rate in more than two years. Inflation has eaten into savings deposits at banks, as the one-year benchmark deposit rate stands at only 2.75%.

In 2010 overall, the CPI climbed 3.3%, above Beijing's official target of around 3%. The government has raised its target to 4% for 2011, tacitly acknowledging the limits of its ability to constrain prices.

The PBOC said in the report that it aims to "handle properly the liquidity and maintain reasonable and appropriate interest rate levels in a bid to create a sound monetary environment for stabilizing prices, managing inflation expectations and regulating the real estate market."

The PBOC didn't say what interest rate levels are deemed appropriate. But it pledged to "further promote the role of interest rates as a leverage in adjusting general demand and managing inflation."

The PBOC earlier this month raised China's reserve-requirement ratio for banks, following six such raises and two increases in benchmark interest rates last year. The government also raised the down payment for second-home purchases and launched trials on a real estate tax in Shanghai and Chongqing cities in a bid to cool the high property prices.

However, PBOC warned that potential risks for pushing prices up further can't be ignored, as developed nations are expected to keep super-loose monetary policies for the near term, while domestic labor costs and resources prices have kept rising.

The central bank reiterated it will further improve the yuan exchange rate mechanism and increase exchange-rate flexibility.

It also for the first time praised the reform since June 19 last year, when China pledged to increase its currency's trading flexibility and effectively ended a two-year-long peg to the U.S. dollar, as "having had generally positive impact on the real economy."

"The yuan exchange rate reform will have a greater impact on efforts to adjust the structure of China's foreign trade and its overall economy and to upgrade Chinese industry," the PBOC said.

It added that exporters' capability to cope with exchange-rate fluctuations has improved, but said it will further boost innovation on tools to manage exchange-rate risks.

As part of the efforts, China said Sunday it will allow banks to trade currency swaps for corporate clients from March 1, extending the use of the financial derivative beyond the interbank market in a move that facilitates corporate foreign hedging as Chinese trade continues to expand and cross-border investments accelerate.

The announcement comes as Beijing stepped up efforts to let the yuan be used more widely outside China as it aims to become less dependent on the dollar for trade and investment.

The PBOC monetary report expects this year's money supply growth at around 16%. But it said it needs to gauge liquidity by focusing more on the country's total financing, than simply looking at loan growth. It mentioned that other types of financing, such as trust loans and companies' bond and stock issuance, should be taken into consideration, too.

The PBOC reiterated it will follow a "prudent" monetary policy in 2011 and that such a stance helps prevent asset price bubbles and manage inflation expectations.

-Victoria Ruan contributed to this article, Dow Jones Newswires; 8610 8400 7799;

--Owen Fletcher, Natasha Brereton and Jean Yung also contributed to this article.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 30, 2011 09:16 ET (14:16 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 09 16 AM EST 01-30-11

Thursday, January 27, 2011

Upcoming Earnings Releases ..

Monday Jan. 31st Before Market Open:
After Market Close:

Tuesday February 1st Before Market Open:
After Market Close:

Wednesday February 2nd Before Market Open:
After Market Close:

Thursday February 3rd Before Market Open:
After Market Close:

Friday February 4th Before Market Open:
After Market Close:
None worthy of mention.   

Cable TV is not Going Away; so Says TWX's Britt ..

NEW YORK (Dow Jones)--Time Warner Cable Inc.'s (TWX) fourth-quarter profit climbed 22%, continuing a trend of strong financial growth despite sluggish subscriber results, and the cable giant announced a 20% increase in its quarterly dividend.

With growth lagging in the cable business, the industry's attractive cash flows from its consumer subscription business have become a focus for investors. As a result, Time Warner Cable--the only major, publicly traded cable operator that isn't family-controlled--has shone, with its stock gaining more than 50% since it started paying a quarterly dividend a year ago, coupled with a $4 billion share-repurchasing plan unveiled in November.

While the company lost customers in the quarter, with declines coming primarily from less-affluent and video-only customers, its total subscription revenue grew 5% due to price increases and growth in higher-end subscriptions. Meanwhile, its operating income rose 12% and its free cash flow was up 58%, capping a year in which its free cash flow rose 19% to $2.3 billion.

On a conference call with analysts following the release, Time Warner Cable Chief Operating Officer Robert Marcus said the company expects double-digit growth in operating income and free cash flow in 2011.

The company's chief executive, Glenn Britt, said raising its dividend is part of the company's effort to "be the open, transparent, shareholder-friendly company that our shareholders expect." Many firms are taking measures to return capital to shareholders as corporate cash piles sit near record levels.

Shares of Time Warner Cable were trading up 1% to $68.78 in early Thursday trading.

Sanford C. Bernstein & Co. analyst Craig Moffett noted that the company's annual dividend of $1.92 per share is only slightly higher than its quarterly free cash flow of $1.82 per share, arguing that the company has plenty of leeway to return more cash to shareholders. So far, it has spent roughly $750 million on buybacks since it began repurchasing its shares late last year.

Strategically, Time Warner Cable faces headwinds from rising competition and programming costs, waning growth prospects in the U.S. pay-television market and continued weakness in employment and housing in the U.S. economy.

Also, the rise of online video service alternatives from the likes of Netflix Inc. (NFLX) and Hulu LLC has investors on edge about the financial future of the traditional pay-TV industry.

Time Warner Cable and other cable companies have acknowledged the risks posed by online video, but they have said there's little sign of consumers replacing pay-TV service with broadband-only subscriptions and concerns about such a phenomenon gaining traction are overblown.

On Thursday, Britt said online video subscription services may have better user interfaces than traditional pay-TV services, but he said that they depend on cable's broadband infrastructure and questioned their long-term prospects for delivering value to consumers. He also said that cable set-top boxes could be replaced in the future by connected mobile devices.

Time Warner Cable lost 78,000 customers in the quarter, while its video subscriptions declined by 141,000, reflecting rising competition from satellite operators and telecommunications companies. It added 94,000 broadband subscribers and 72,000 digital-phone subscribers, while so-called triple-play subscribers--which get video, broadband and phone service--increased by 72,000.

The company reported a fourth-quarter profit of $392 million, or $1.09 a share, up from $322 million, or 91 cents a share, a year earlier. Excluding the tax gain and other effects, per-share earnings climbed to 99 cents from 93 cents as revenue rose 5.9% to $4.8 billion.

Analysts had expected earnings of $1 a share on revenue of $4.75 billion.

-By Nat Worden, Dow Jones Newswires; 212-416-2472;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 27, 2011 10:26 ET (15:26 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 10 26 AM EST 01-27-11

Wednesday, January 26, 2011

MicroStrategy (MSTR) Closed for Purchase, thank you.

We have performed a PETA on MSTR. All current POTC subscribers have received it.

If you're not a subscriber yet, please use Paypal in the right margin for subscription options. You'll be on your way to an educational experience in aggressive trading. Our team's goal is suggesting well thought out trades with strict % entry limits as well as strict profit & loss exposure.

Thank You to ALL current subscribers; Welcome to ALL new. 

Tuesday, January 25, 2011

Donkey Frank Pushes for Bigger Govt as Elephants Stomp ..

WASHINGTON (Dow Jones)--The public fight over funding to implement last year's financial reform law began in earnest Tuesday, offering a preview of budget negotiations that will take place in the coming weeks.

U.S. Rep. Barney Frank (D., Mass.), an architect of the financial law passed last summer, said Tuesday budget cuts to financial regulators in Washington would make it impossible to implement new regulations on the derivatives market.

Frank blasted Republican lawmakers for threatening to reduce funding for the Commodity Futures Trading Commission and the Securities and Exchange Commission to 2008 levels. He said the cuts would prevent the CFTC from expanding its ability to regulate the derivatives market, which Frank called "probably the single most dangerous aspect of the financial system."

"The CFTC will not be able to carry out the responsibilities given to it," Frank said.

But key Republican lawmakers said the agencies could not be exempt from fiscal belt-tightening.

"All branches of government--including Congress--have to tighten their belts and find ways to make their money go further," said Scott Garrett of New Jersey, chairman of the House Subcommittee on Capital Markets, in a statement. "A dramatic spending increase to fund the SEC and CFTC, as envisioned by the authors of the Dodd-Frank legislation, would further the mindset that our nation's problems can be solved with more spending, not more efficiency."

Meanwhile, Spencer Bachus, the Alabama Republican who chairs the House Financial Services Committee, questioned whether more funding for the SEC would have the desired effect.

"Past experience indicates that a few investigative reporters have been more effective than the many employees at the SEC in addressing and exposing financial wrongdoing," Bachus said in a statement.

Frank was the lead House of Representatives sponsor of the Dodd-Frank financial reform bill, which relies on the SEC and CFTC to write 152 new rules that supporters say will reduce the risk of another financial crisis.

But the last Congress failed to give those agencies more funding for their increased workloads. So far, the SEC has finalized major rules for one financial sector: asset-backed securities. The agency has deferred action on seven sections of the law "due to budget uncertainty."

Republicans now control the House and are expected to push for cuts on non-defense spending. GOP lawmakers also have said they are worried the agencies are moving too quickly to implement the rules, a concern shared on Wall Street.

Some pieces of Dodd-Frank, such as the new Bureau of Consumer Financial Protection, aren't subject to the GOP's proposed cuts. But the SEC and CFTC need Congress to approve their funding in order to keep running.

With funding at 2008 levels, the SEC "would have to cut off hundreds of staff," said Rep. Maxine Waters of California, the ranking Democrat on the House Subcommittee on Capital Markets.

The Democrats also raised concerns that budget cuts would hamper upgrades to the SEC's information-technology capabilities. In all, they said the SEC and CFTC were about $257 million short of what they need for the current fiscal year. Frank said that number might look like "significant savings," but was not significant in the context of the long-term deficit.

"The majority party is basically resisting any increase in funding for the cops on the financial beat," said Rep. Carolyn Maloney of New York, the ranking Democrat on the House Subcommittee on Financial Institutions.

Frank said he will soon begin pushing the funding issue with GOP lawmakers in the House and the Senate.

-By Ryan Tracy, Dow Jones Newswires; 202-862-9245,

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 25, 2011 16:14 ET (21:14 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 04 14 PM EST 01-25-11

Some Clarity for For-Profit Schools Expected and We Are Paying Attention; Click Chart Below for Statistics ..

New York (Dow Jones)--The U.S. Department of Education will issue clarifications on a series of higher-education regulations it released last fall, succumbing to pressure from colleges that say the rules are too complex to be implemented as published.

The agency will release "Dear Colleague" letters in an attempt "to answer questions we've heard about the regulations," deputy under secretary James Kvaal said. The topics to be addressed will include incentive compensation and state authorization, two particularly thorny issues for for-profit colleges.

"Dear Colleague" letters are published by members of Congress and various agencies to garner support for various initiatives, to alert employees of maintenance outages in government buildings, and to clarify rules soon to be put on the books.

The Education Department in late October issued 13 new rules, set to go into effect in July, addressing issues such as how colleges should measure a credit hour and possible punishment for misrepresenting information about a school's credentials.

Some of those rules aren't being challenged. But schools say it's unclear who is restricted from receiving bonuses under the incentive-compensation rule, which is intended to ensure recruiters don't enroll underqualified students to meet bonus targets. Many say they don't know whether the rule also would apply to football coaches who bring in top athletes or even chief executives who improve student retention and graduation rates. And state authorization, which would change the way state governments review school programs, could put a heavy burden on schools with online operations across the country.

The Association of Private Sector Colleges and Universities, a for-profit college-trade group, filed a federal lawsuit Friday requesting the Education Department be barred from implementing the rules as scheduled, at least until it addresses some of the trade group's concerns. The group, known as Apscu, represents more than 1,500 career colleges and took particular issue with the incentive compensation, state authorization and misrepresentation rules.

Meanwhile, the Education Department is scheduled to release the 14th and final rule, dubbed "gainful employment," some time this quarter. That regulation could punish certain programs for graduating students with high debt loads, an attempt at ensuring they train their students for legitimate jobs.

That rule has been the most controversial, and its issuance was delayed after the Education Department received more than 90,000 public comments in response to an early proposed version.

-By Melissa Korn, Dow Jones Newswires; 212-416-2271;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 25, 2011 12:40 ET (17:40 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 12 40 PM EST 01-25-11

Monday, January 24, 2011

Japan 1 France: 0 - Exchanges Stuck until G-20 ..

TOKYO (Dow Jones)--Japanese Finance Minister Yoshihiko Noda said Tuesday he has no specific opinion yet on whether major economies should tighten checks on commodities trading--something France, as chair of the Group of 20 industrial and developing nations is calling for to bring more transparency to global commodities markets.

Japan's Economy Minister Kaoru Yosano, meanwhile, rejected a French proposal for a tax on financial transactions as a way to head off another global financial crisis.

Coming ahead of next month's meeting of G-20 finance ministers and central bank chiefs in Paris, the comments by senior Japanese officials suggest caution toward how they should respond to France's ambitious agenda.

French President Nicolas Sarkozy has announced "various issues" he wants on the G-8 or G-20 agendas, including the commodities market and foreign exchange, Noda said at a news conference following a regular Cabinet meeting.

"We will closely study the current situations beforehand, and consider how Japan should respond, and we want to sort out our thoughts" ahead of the G-20 leaders summit later this year, Noda said.

At a separate news conference, Yosano brushed aside the idea of taxing global financial transactions.

"Such a tax could lead to duplicated taxation, and that's a big defect. The tax is fundamentally unfair," he said.

Although Yosano isn't expected to participate in any G-20-related meetings, his view could influence government discussions, as he is a trusted tax-policy advisor to Prime Minister Naoto Kan.

Noda's caution toward commodities may partly reflect the fact that Japan's finance ministry has no control over commodities market regulation, which is under the jurisdiction of the trade and agriculture ministries. Together with the Financial Services Agency, these ministries also oversee trading of complex financial products linked to commodities, known as derivatives.

"Commodities regulation isn't something the Ministry of Finance can decide on its own," an FSA official told Dow Jones Newswires.

Creating more transparency in the commodities market is a priority for France this year as G-20 chair. Experts say the market is dominated by a handful of players, partly because of its opacity. France has partly been motivated by concerns that recent food and oil-price surges could snuff out a global economic recovery.

-By Takashi Nakamichi, Dow Jones Newswires; 813-6269-2782;

-Takashi Mochizuki contributed to this article

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 24, 2011 23:03 ET (04:03 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 11 03 PM EST 01-24-11

Yongding's Tough Rhetoric is Perhaps the Beginning of Two Dominant Global Currencies: Dollar & Yuan; POTC Believes the Euro Experiment will Fail ..

BEIJING (Dow Jones)--China shouldn't buy eurozone bonds until the region works out a permanent crisis resolution mechanism, to avoid the risk of "turning good money bad," a former adviser to the central bank said in an article published in a state-controlled newspaper Tuesday.

"As for the eurozone, while voicing its strong support, China must urgently seek clarification on whether its current holdings of periphery debt will be part of any restructuring plan," Yu Yongding, a senior researcher at the Chinese Academy of Social Sciences, a major government think tank, said in the article published in China Daily.

"The State Administration of Foreign Exchange's primary responsibility to the Chinese people is value preservation (of foreign exchange reserves)," Yu said, adding "the eurozone remains an attractive investment destination."

Yu also said China will reduce its purchases of U.S. Treasurys.

Latest data showed China's holdings of U.S. Treasurys fell $11.2 billion to $895.6 billion in November, following net purchases of more than $23 billion in October, its largest position in nearly a year. The data come after China's foreign-exchange reserves rose $199.3 billion in the fourth quarter, bringing total reserves at the end of 2010 to $2.85 trillion. China is the world's largest holder of foreign exchange and the largest foreign holder of U.S. Treasurys.

-Liu Li contributed to this article, Dow Jones Newswires; 8610-8400-7713;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 24, 2011 20:31 ET (01:31 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 08 31 PM EST 01-24-11

Municipals at a Short-term Trading Bottom? PMX Eyed ..

WASHINGTON (Dow Jones)--House Majority Leader Rep. Eric Cantor (R., Va.) said he doesn't support allowing states to seek bankruptcy protection and categorically ruled out any future federal bailouts of state governments.

Cantor said states already possess the tools necessary to balance their budgets, saying there was no case for federal involvement in the fiscal problems most states are facing.

"There will not be a federal bailout of the states," Cantor said at a Monday press conference.

Cantor is the latest Washington official to take a dim view of any further fiscal aid to state governments.

On Jan. 7, Federal Reserve Chairman Ben Bernanke ruled out a central bank bailout of state and local governments strapped with big municipal debt burdens, saying the Fed had limited legal authority to help and little will to use that authority.

Cantor, the number two Republican in the U.S. House of Representatives said states already have the ability to deal with the fiscal challenges they face. He said that could include re-entering negotiations with public-sector unions over collective bargaining agreements.

Former House Speaker Newt Gingrich said last week he believed legislation would be introduced in the coming months seeking to create a bankruptcy-type mechanism for state governments.

But the idea has yet to yield a public sponsor and has little support from senior policymakers. While legislation could be introduced, without Cantor's support the effort would have very little chance of moving forward in the House.

During the two years the Democrats controlled both chambers of Congress and the White House, they steered roughly $165 billion to state governments in fiscal aid.

Many states came to rely on the federal money to help them balance their budgets, as they are required to do by law.

With Republicans taking control of the House, that spigot has been turned off, raising the possibility states could have to consider other measures to deal with their long-term obligations.

The idea of legislation to allow states to seek bankruptcy, floated last week, riled state governments.

On Monday, Connecticut Gov. Dannel P. Malloy dismissed the plan as "crazy talk," a spokeswoman said. California State Treasurer Bill Lockyer also blasted the proposal, saying it was politically motivated.

"It's a cynical proposal intended to incite a panicked response to a phony crisis," Lockyer said during a conference call with reporters. "The truth is that no state wants to declare bankruptcy, no state needs to declare bankruptcy and no state would" because "it would severely injure a state's economy."

States typically finance infrastructure projects through the issuance of municipal securities, which are backed by a state's ability to tax its citizens.

Allowing states to declare bankruptcy was seen by some people as a way for Congress to allow states to get out of longer-term obligations, such as funding pension benefits.

"I think it's a way to attack public-sector employees because they don't like their politics," Lockyer said.

Municipal bond prices have seen little effect from the reports of the proposal.

Gary Pollack, head of fixed-income trading and research at Deutsche Bank Private Wealth Management, said there was little negative reaction by the markets when the bankruptcy idea was initially floated last week.

"It was just another negative headline in the [municipal bond] space. There's been a lot of dislocation in the [municipal bond] market," Pollack said.

He said that, in fact, there was some accelerated buying of municipal bonds towards the end of last week because the sector had been "beaten up" when compared to prices for Treasury bonds.

The market had very little expectation there would be a significant increase in defaults on municipal bonds, Pollack said.

"The majority of municipalities are going to be fine. For the most part they are cutting costs, reducing expenses and balancing their budgets," he said.

-By Corey Boles and Siobhan Hughes, Dow Jones Newswires; 202-862-6601;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 24, 2011 16:56 ET (21:56 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 04 56 PM EST 01-24-11

Sunday, January 23, 2011

Economic Forecasts out of China are Mixed ..

BEIJING (Dow Jones)--China's gross domestic product is expected to grow 9.8% and the consumer price index is likely to increase around 3.7% this year, China National Radio reported Sunday, citing a government think tank.

A forecast issued by the Economic Forecasting Institute of the China Academy of Sciences said China won't see serious inflation in 2011 and the inflation pressure will ease later in the year.

The report said domestic demand would become a major driver of the economy growth this year and the foreign trade growth and property price growth are likely to be slower than in 2010.

China's central bank has raised interest rates twice since October and raised the reserve requirements ratio seven times since last year amid concerns that excess liquidity would boost inflation.

China's CPI growth was 4.6% in December, slowing from a record high of 5.2% in November last year, and GDP growth stood at 10.3% in 2010, according to official data.

Newspaper website:

-By China Bureau, Dow Jones Newswires; 8621 6120-1200;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 22, 2011 22:44 ET (03:44 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 10 44 PM EST 01-22-11

Friday, January 21, 2011

Is AAPL Facing a Battery or Pentalobe Problem ..

SAN FRANCISCO (Dow Jones)--Apple Inc. (AAPL) is changing the design of its screws for the iPhone 4 in an effort to keep consumers of the popular smartphone from attempting to fix the device on their own.

The Cupertino, Calif.-based consumer electronics giant first used the design, called "pentalobe," in screws on its computers, said Kyle Wiens, chief executive of gadget repair site

Now, the company has begun switching out the screws on its latest iPhones, he said, forcing customers to find unusual screwdrivers in order to change a battery or tinker with the device's other parts.

"They don't want people fixing things," he said.

Apple did not immediately respond to a request for comment.

The move is not uncommon for the consumer electronics giant, which is more controlling and restrictive than other gadget makers. The company was frequently chastised for not offering replaceable batteries for its iPod music player after its release nearly a decade ago.

Instead of bowing to criticism, however, Apple expanded the strategy, making it harder to access batteries and other parts of its iPhone and recently even its computers.

"They only want authorized centers to repair these devices," said Kaufman Bros. analyst Shaw Wu.

Wiens, of, theorized the reason was more sinister than that, noting that making the battery harder to replace ties the life of the device to the life of the battery.

"The faster they can get someone to turn around and buy another phone, they'll make more money," he said.

A few screwdrivers for the new designs are already being sold on the Internet, including Wiens' site, with more likely to follow.

Apple shares closed down 1.8% at $326.72.

-By Ian Sherr, Dow Jones Newswires; 415-439-6455;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 21, 2011 17:11 ET (22:11 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 05 11 PM EST 01-21-11

Upcoming Earnings Releases ..

Monday before open:
after close:

Tuesday before open:
after close:

Wenesday before open:
after close:

Thursday before open:
after close:

Friday before open:

Thursday, January 20, 2011

ISRG's Trade Alert Closed, thank you.

Thanks to all who bought a subscription this week. Muchly appreciated as we are tireless in our educational and trading efforts.

Best Wishes as we continue trading small,
The Psychology of the Call team (POTC).

Tuesday, January 18, 2011

Google Trade Alert Closed from Purchase, thank you; ISRG tomorrow ..

The Psychology of the Call team (POTC) is working on another version of a Psychological Financial Fusion (PFF ratio) Trade Alert (TA) for GOOG.

Our last TA could be viewed in the right margin, returning 1,000% on open (overnight), and 1,400% by close.

Though we do not expect to score those kinds of returns often, we have had more success calling GOOG than any other stock we've studied.

If you are a subscriber, Thank You. If you are not a subscriber yet, please use Paypal in the right margin and use the scroll feature for various  subscription options. Yearly makes the most sense, as trading is more a process in education than a one-shot deal. Though we are still offering individual TAs.

Our 11 Commandments help you better understand the science that must be followed in order to "stay in the game" and eventually make money consistently minus the emotions too many traders get caught up in. The new 2011 11 Commandments are sent to everyone who subscribes through Paypal.   

Thursday, January 13, 2011

Tech Giant and Philanthropist Steve Jobs in His Youth; Thoughts and Prayers Out to Him and His Family ..

Here is Jobs’ e-mail in full:


At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.


Capitalist Pig Bob wishes today's 'modern individual' would live by this wisdom, as Mr. Steve Jobs definitely has:
“If a man is called to be a street sweeper, he should sweep streets even as Michelangelo painted, or Beethoven composed music, or Shakespeare wrote poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to say, here lived a great street sweeper who did his job well.”
Martin Luther King, Jr.

Tuesday, January 11, 2011

The FOMC's Actions are Casting Reflections of Doubt ..

WASHINGTON (Dow Jones)--U.S. Federal Reserve Chairman Ben Bernanke, in a letter to Sen. Bernard Sanders, defended emergency actions the Fed took to stem the financial crisis and disputed allegations of conflict-of-interest issues at the Fed.

Sanders, an independent from Vermont and a vocal critic of the Fed, had argued in a recent letter that companies such as Goldman Sachs Group Inc. (GS) received low-cost loans from the Fed while senior executives from the company served on the Fed's regional boards of directors.

Bernanke, however, said the Fed's board of governors, not Federal Reserve Bank directors, made decisions about the emergency rescue programs.

"Federal Reserve Bank directors had no involvement in a Reserve Bank's decision to make credit available under any of these emergency lending facilities," Bernanke said.

Bernanke added that the lending facilities were all approved by the board of governors and weren't subject to approval or review by the Reserve Bank boards of directors.

"Only borrowers that met the strict and transparent eligibility requirements for each particular emergency lending facility were able to participate in the facility," the Fed chief said.

Bernanke added that the Fed is working with the Government Accountability Office on an audit mandated by the Dodd-Frank financial regulatory overhaul that requires the congressional watchdog too assess whether there were conflicts of interest with respect to the Fed's various rescue programs.

Sanders also argued that wealthy investors received cheap loans from the Fed during the financial crisis and asked why the Fed provided Term Asset-Backed Securities Loan Facility, or TALF, loans to hedge funds and other investment funds located in tax-haven countries.

Bernanke responded to that question by describing TALF as a crisis program designed to increase the flow of credit to U.S. consumers and businesses.

He added that about two-thirds of TALF loans by dollar amount have been repaid early, "likely as borrowers replaced the TALF financing with cheaper market financing or sold the securities financed by the TALF loans."

"All remaining TALF loans are current in their payments of principal and interest and all remain well collateralized," the chairman said.

Bernanke also said the Fed is required by law to provide most U.S. branches and agencies of foreign banks with access to Fed credit on the same terms as U.S. depository institutions.

Sanders also wanted to know why the Fed lent to the central banks of South Korea and Mexico, but Bernanke said the Fed didn't extend credit to those central banks. The Fed swapped U.S. dollars with the central banks of South Korea and Mexico for an equivalent amount of foreign currency at market rates and those swap lines "helped stabilize U.S. dollar funding markets both abroad and at home," he said.

Sanders on Tuesday said he was unhappy with Bernanke's response, arguing that Bernanke mostly avoided answering his questions.

"I called for clear responses to these reasonable concerns, but got none," Sanders said in a statement Tuesday. "I find it amazing, but not surprising, that Chairman Bernanke could write a six-page letter in response to questions I had regarding the Fed's emergency lending programs without directly answering a single one of my specific questions."

-By Maya Jackson Randall, Dow Jones Newswires; 202-862-6687;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires
January 11, 2011 15:38 ET (20:38 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 03 38 PM EST 01-11-11