Obama Much-vaunted Asia ‘pivot’ Runs Out Of Steam

The celebrated Brooklyn school that President Obama visited Friday might never have existed if Bill de Blasio had been mayor four years ago. Though this years mayoral front-runner joined Obama and Mayor Bloomberg in toasting the Pathways in Technology Early College High School, he has challenged some of the Bloomberg policies that led to the schools creation. The much-touted P-Tech, which Obama wants to clone across the nation, opened in 2011 in what had been Paul Robeson High School as part of Bloombergs effort to replace large, struggling schools with small, theme-based academies. Charles Dharapak/AP President Obama, accompanied by Education Secretary Arne Duncan (right) laughs as he visits a classroom at Pathways in Technology Early College High School, also known as P-Tech, in Brooklyn on Friday. De Blasio has questioned that policy and says hell impose a moratorium on school closings as mayor.
Source: http://www.nydailynews.com/news/politics/de-blasio-nixed-p-tech-article-1.1497293

Follow @TIMEPolitics Deny, deny, deny. Thats what New Jersey Gov. Chris Christie is doing about his alleged hug with Obama last year when the president arrived atAtlantic City International Airport to tour the devastation from Hurricane Sandy, six days before Election day. The potential Republican 2016 presidential candidate made a point to clear up the misconception in an interview with ThePhiladelphia Inquirerpublished Sunday, discussing the approaching one-year anniversary of the storm. It was a handshake like you would shake hands with anyone, he said. It was a perfectly natural, casual, normal type of greeting between two people.
Source: http://swampland.time.com/2013/10/27/chris-christie-i-never-hugged-obama/

The plan meets Republican opposition, divides Democrats and comes under a firestorm of lobbying from businesses and the health care industry. It dies in the Senate. (PAUL J. RICHARDS/AFP/Getty Images) 1997 Clinton signs bipartisan legislation creating a state-federal program to provide coverage for millions of children in families of modest means whose incomes are too high to qualify for Medicaid. (JAMAL A.
Source: http://www.huffingtonpost.com/2013/10/26/obama-health-care_n_4165939.html

Peter King: Obama should ‘stop apologizing’ for NSA

16 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This story is part of Barack Obama The Oval David Jackson, USA TODAY 10:34 a.m. EDT October 27, 2013 President Obama and National Security Adviser Susan Rice, who is heading up a Middle East policy review at Obama’s direction. (Photo: Jim Watson, AFP/Getty Images) Tags Iran SHARE 67 CONNECT 56 TWEET 16 COMMENTEMAILMORE While Iran’s nuclear program, Syria’s chemical weapons and the peace process between Israelis and Palestinians remain priorities, President Obama and his team appear to be developing a lower key Middle East agenda. “We can’t just be consumed 24/7 by one region, important as it is,” said National Security Adviser Susan Rice in an interview with The New York Times. Rice, who is heading up a Middle East policy review at Obama’s direction, said: “He thought it was a good time to step back and reassess, in a very critical and kind of no-holds-barred way, how we conceive the region.” That could mean less emphasis on Egypt, which remains under military rule, http://www.obamastudentloanforgiveness.net/ as well as nations like Libya, Tunisia and Yemen. Former Vice President Dick Cheney, speaking on ABC’s This Week, said he is concerned that the Obama administration will “pivot to Asia,” and short-change the Middle East at a critical time.
Source: http://www.usatoday.com/story/theoval/2013/10/27/obama-susan-rice-middle-east-new-york-times-interview/3280451/

(Photo by Hulton Archive/Getty Images) 1945 President Harry Truman calls on Congress to create a national insurance program for those who pay voluntary fees. The American Medical Association denounces the idea as “socialized medicine” and it goes nowhere. (Photo by Keystone/Getty Images) 1960 John F. Kennedy makes health care a major campaign issue but as president can’t get a plan for the elderly through Congress. (Photo by Keystone/Getty Images) 1965 President Lyndon B. Johnson’s legendary arm-twisting and a Congress dominated by his fellow Democrats lead to creation of two landmark government health programs: Medicare for the elderly and Medicaid for the poor.
Source: http://www.huffingtonpost.com/2013/10/27/democrats-health-care_n_4167840.html

decision two years ago to stay away from the Syrian conflict and the recent quick rush to the sweet talk from Iran on that countrys nuclear program. Faith Rattled Those are critical issues to the Saudis, to the Qataris, to the Jordanians, to others in the Arab League that I think rattled their faith in the administrations ability to protect them in a very dangerous world, Rogers said. Saudi Arabia refused to accept the membership of the United Nations Security Council it won earlier this month, citing issues including Syrias civil war that it said show the world body is incapable of resolving conflicts. The councils style, working mechanisms and double standards prevent it from ending the turmoil in Syria and the Israeli-Palestinian conflict, the Saudi Foreign Ministry said in a statement on the state-run Saudi Press Agency. The body has also failed to rid the Middle East of weapons of mass destruction and nuclear arms programs, it said. Lack of Confidence Speaking today on ABCs This Week, former Republican Vice President Dick Cheney also was critical of Democrat Obamas policies, saying the Middle East no longer has confidence in the U.S., whereas its presence in the region was enormously important for decades.
Source: http://www.bloomberg.com/news/2013-10-27/king-says-obama-should-stop-apologizing-for-nsa-phone-intercepts.html

King, the former chairman of the House Homeland Security Committee, suggested France and Germany shouldn’t act so indignant about NSA surveillance in their countries. “And the French are someone to talk. The fact is, they’ve carried out spying operations against the United States — both the government and industry,” King said. “As far as Germany, that’s where the Hamburg Plot began, which led to 9/11. They’ve had dealings with Iran and Iraq, North Korea — the French and the Germans, other European countries.” Aaron Blake covers national politics at the Washington Post, where he writes regularly for the papers Post Politics and The Fix blogs. A Minnesota native and graduate of the University of Minnesota, Aaron has also written for the Minneapolis Star-Tribune and The Hill newspaper.
Source: http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/27/peter-king-obama-should-stop-apologizing-for-nsa/

The Chinese believed that the entire purpose was to confront and contain their countrys geopolitical rise. And who could blame them, given the drumbeat of US policy pronouncements expressing concern about China? Indeed, in the weeks that followed the initial announcement of the pivot (which came just as the 2012 US election campaign was getting under way), China-bashing by American officials got worse. A perfectly normal extension of the US-Philippines security agreement turned into an occasion to bemoan Chinas claims on what former US secretary of state Hillary Clinton called the West Philippine Sea. In this environment, the Chinese perceived a routine decision to send US marines to train in Australia as another link in the chain meant to hold China down.
Source: http://gulfnews.com/opinions/columnists/obama-much-vaunted-asia-pivot-runs-out-of-steam-1.1247835

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The Nasdaq Omx Group Management Discusses Q3 2013 Results – Earnings Call Transcript

: Approximately 1,680,900 shares changed hands, a 966.1 percent increase over its 65-day average volume. The shares fell $3.39 or 23.8 percent to $10.86. First Business Financial Services Inc. : Approximately 49,300 shares changed hands, a 1,240.4 percent increase over its 65-day average volume.
Source: http://www.businessweek.com/ap/2013-10-23/nasdaq-stocks-posting-largest-volume-increases

The ones that would face the axe would be the ones that carry only one of their acquired products. Wednesdays trading Dell Inc. (NASDAQ:DELL)is an international IT company. In Wednesdays trading,Dell Inc.
Source: http://nysepost.com/why-does-dell-inc-nasdaqdell-want-to-cut-down-on-distribution-centers-10592

B Communcations Ltd. fell 15.1 percent to $18.94. Abaxis Inc. fell 14.9 percent to $32.40. Monarch Casino & Resort Inc.
Source: http://money.msn.com/business-news/article.aspx?feed=AP&date=20131023&id=17030359

The NYSE traded 678 million shares and the Nasdaq crossed 424 million. Decliners http://www.todayhotstocks.com led advancers by a slight margin on both exchanges. Click to Enlarge However, the Nasdaq is moving ahead with all of the gusto of a young bull. Its MACD indicator is not overbought despite the new 13-year high. Technology is the driving force behind the Nasdaq, as it is with the S&P 500 (not shown), which was up fractionally, closing at a new all-time high. Conclusion: The bull market is in full swing despite the ineptitude of politicians and their appointees.
Source: http://investorplace.com/2013/10/daily-stock-market-news-nasdaq-moving-ahead-gusto-young-bull/comment-page-1/

And just a few weeks ago, we won one of the largest switches of the year in Marriott, a $12-billion market cap company. And in addition to that, Fairchild Semiconductor, another billion-dollar-plus company which chose to switch to NASDAQ from our competitor. What you are seeing in many of our core businesses is a microcosm of our diversification strategy implemented at the corporate level, and there is no better representation of that than our Global Index business. We saw a strong revenue growth in both our index licensing business, which grew 20% and, the first time, has more than half of its licensed AUMs and products other than the queues.
Source: http://money.msn.com/business-news/article.aspx?feed=SALP&date=20131023&id=17028233

Nasdaq Third-Quarter Profit Rises 27% on Technology Sales

Although we have more to do to ensure they realize their full potential, our confidence has never been stronger. Todays earnings release is the first since Nasdaq halted trading for thousands of U.S. stocks for three hours on Aug. 22 after a flood of data from NYSE Arca, a rival market, exposed a software flaw in Nasdaqs conduit for disseminating prices. That prompted U.S. Securities and Exchange Commission Chairman Mary Jo White on Sept.
Source: http://www.bloomberg.com/news/2013-10-23/nasdaq-third-quarter-profit-rises-27-on-technology-sales.html

Morgan Stanley Tops Estimates On Stock Trading, Brokerage

“Exemptions from its provisions have been kept to a minimum. Under its terms, the operations of bank holding companies will not be prohibited, but they will be confined to banking activities and regulated in the public interest.” PROHIBITIONS AND EXEMPTIONS The 1956 Bank Holding Company Act is still in force, though its provisions were considerably weakened by the movement towards financial deregulation during the 1990s. Exemptions to the prohibition on mixing banking and nonbanking activities were widened considerably, allowing banks to engage in a much broader range of activities than before. Some of the largest banks in the United States, including Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America, now have physical BestETF`S software commodity trading arms or have sought permission to establish them, under various exemptions established by amendments to the law. Most of these physical trading activities have been approved under exemptions allowing activities which are “closely related”, “incidental” or “complementary” to banking. Goldman and Morgan Stanley also benefit from a grandfather clause that appears to exempt commodity trading activities they engaged in before 1997.
Source: http://www.reuters.com/article/2013/10/22/banks-commodity-trading-idUSL5N0IC11220131022

Through our knowledge and experience, we took up the challenge and introduced an ultra modern trading platform with an innovative method of online trading. GWAZY combines a new way of trading with the best of the best platform features and outstanding tools for traders”, said Mr. Johny Abuaitah, CEO of Windsor Brokers Ltd. About Windsor Brokers Ltd. Windsor Brokers Ltd. is licensed and regulated by CySec (Cyprus), EEA authorized by the FCA (UK), registered with the AMF (France) and BaFin (Germany).
Source: http://www.marketwatch.com/story/join-the-trading-revolution-trade-gwazy-2013-10-21

If you wish to view more, click the button below. The Financial Times Ltd 2013 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/0/d429ab60-3ac7-11e3-b234-00144feab7de.html Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others. The Financial Times Ltd 2013 FT and Financial Times are trademarks of The Financial Times Ltd.
Source: http://www.ft.com/cms/s/0/d429ab60-3ac7-11e3-b234-00144feab7de.html

The wealth-management unit can earn a pretax margin of more than 23 percent by 2015 as interest rates and stock markets climb, Gorman said in June. The unit can achieve a 20 percent to 22 percent margin absent any changes in the broader markets, Gorman said. Third-quarter revenue from fixed-income sales and trading, run by Michael Heaney and Rob Rooney with commodity trading co-heads Colin Bryce and Simon Greenshields , was $835 million, excluding DVA. That compared with estimates of $975 million from JPMorgans Abouhossein and $1 billion from Credit Suisses Chen.
Source: http://www.bloomberg.com/news/2013-10-18/morgan-stanley-beats-estimates-on-stock-trading-brokerage.html

Paying Off Student Loans But Sallie Mae Reports Late

Of 1.27 billion borrowers from such colleges who began repaying their loans in fiscal 2010, 21.8% defaulted within three years. In contrast, 8.2% of students from private nonprofit schools defaulted, and 13% of borrowers from public schools defaulted in the same time frame. While that data could lead to an analysis of higher education and how http://www.obamastudentloanforgiveness.net/ prepared students are to handle debt, its important to note that the overall default rate has climbed in the past decade. For loans entering repayment in 2005, 4.6% defaulted within two years, and the rate has only gone up since. The lowest two-year default rate since 1987 was 4.5% of loans in fiscal 2003, as reported recently by the Department of Education.
Source: http://finance.yahoo.com/news/student-loan-default-rate-rises-190034141.html

Government Switches Student Loan Servicers: What You Need to Know

Bankruptcy Codes repayment rules. When they dont get full payments on student loans, lenders can add interest, late fees and other penalties to the bill. Do the math, and its easy to see why interest alone can cause a student-loan balance to grow by thousands of dollars. Consider a graduate-degree holder who owes $55,000 on private and federal student loans and cant afford to pay any so-called nonpriority unsecured debt (which excludes some taxes but includes consumer debt such as credit-card debt and medical bills) during a Chapter 13 cases repayment period. (Payment percentage rates vary widely, but it isnt uncommon for a borrower to pay nothing.) If $45,000 of that borrowers debt is a federal loan with 6.8% interest, and the borrower didnt make any payments on those loans, the balance would grow to $60,300 after five years, said Mark Kantrowitz, publisher of Edvisors.com, an education-finance information provider.
Source: http://blogs.wsj.com/bankruptcy/2013/10/01/how-bankruptcy-can-send-your-student-loans-soaring/

“Whether or not their loans are transferred, people should periodically check that their loan servicers’ records reflect what they expect.” Many services, like automatic payments and correspondence preferences, will not carry over to the new servicer. Loan status, such as forbearance and deferment , should not be interrupted by the transfer. “Pay a little closer attention,” Jarvis said. “Double check there isn’t any opportunity for error.” Borrowers can access their financial aid summary through nslds.ed.gov , and the loan details will list the servicer. Minsky recommended directly contacting the servicer with loan transfer questions.
Source: http://abcnews.go.com/Business/government-switch-student-loan-servicers/story?id=19975798

But is there any other lender, can I get out from Sallie Mae and may the payoff to someone else? Heather Don’t miss my free my weekday email newsletter with the latest tips and advice on how to beat debt and do better financially. Subscribe now. – Click Here Dear Heather, First off, I’m a huge fan of your approach and plan. Three cheers for you.
Source: http://www.huffingtonpost.com/steve-rhode/paying-off-student-loans_b_4057647.html

Student loan debit cards draw complaints, lawsuits [The Orange County Register]

He said the ATM had to be locked during certain hours because it was a free-standing kiosk, not bolted to the wall, that could be easily damaged without proper security. He said the school hired the company to supply debit cards because officials found that many students did not have bank accounts. Those students waited for their checks to be mailed, he said, and then paid high fees at check-cashing stores. This is not the first time that financial companies have been criticized for targeting college students for new business. After the recession, Congress passed a law to stop banks from aggressively promoting credit cards to students. The law was spurred by concerns that students were leaving college burdened not just with school loans, but also credit card debt.
Source: http://www.tmcnet.com/usubmit/-student-loan-debit-cards-draw-complaints-lawsuits-orange-/2013/10/07/7462528.htm

Obama administration to begin new student loan outreach

A link has been sent to your friend’s email address. 5 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs This story is part of Barack Obama Obama administration to begin new student loan outreach Jonathan Dame, USA TODAY Collegiate Correspondent 3:43 p.m. EDT September 27, 2013 The Department of Education is launching a new initiative this fall to make struggling student borrowers aware of the various federal repayment and forgiveness programs available to them. President Barack Obama speaks at Henninger High School in Syracuse, N.Y., Thursday, Aug. 22, 2013.
Source: http://www.usatoday.com/story/news/nation/2013/09/27/student-loan-outreach-obama/2884389/

Forex Asia

Yes, but not until the last minute No, we’re going over the edge Vote Copyright 2013 Forex Capital Markets. All rights reserved. Forex Capital Markets, Financial Square 32 Old Slip, 10th Floor, New York, NY 20135 USA. Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges .
Source: http://finance.yahoo.com/news/forex-eur-gbp-technical-analysis-082200681.html

budget standoff persists Markets Mon Oct 7, 2013 5:04am EDT (Removes reference to CFTC data which cited previous week’s numbers as issued on Friday. CFTC did not release data on http://www.etftradingsignals.com/ Friday) * Boehner’s uncompromising comments raise U.S. debt default fears * Dollar index stuck close to 8-month low * Safe-haven yen hits 5-week high vs dollar, Swiss franc up 0.4 pct By Anooja Debnath LONDON, Oct 7 (Reuters) – The dollar traded near an eight-month low against a basket of currencies, falling against perceived safe havens for investors like the yen and Swiss franc as a U.S. budget impasse showed no sign of breaking.
Source: http://www.reuters.com/article/2013/10/07/markets-forex-idUSL6N0HX0ZA20131007

Forex – NZD/USD lower as budget impasse hurts risk appetite

Foreign Currencies open little changed in the Far East after the European Currencies andJPY fell, and the Commodity Currencies* advanced Friday. The short-term outlook for theForeign Currencies is sideways. The medium-term outlook for most Foreign Currencies is slightly Bullish. TheHeffX-LTN short-term model is Long on all Foreign Currencies.
Source: http://www.livetradingnews.com/forex-asia-21-12496.htm

CORRECTED-FOREX-Dollar struggles as U.S. budget standoff persists

Innovation: Jannick Malling, Co-Founder and CEO at tradable 5. Risk Management: Jeff Wilkins, Managing Director at Think Liquidity 6. Autotrading: Leon Yohai, Founder and CEO at ZuluTrade 7. Sales: Luis Sanchez, Head of Institutional Sales for EU & US at Dukascopy Bank SA 8. Prime Brokerage: Mitch Eaglstein, Managing Director at Boston Prime 9.
Source: http://forexmagnates.com/meet-the-experts-forex-magnates-unveils-the-first-ever-interactive-forum-of-the-fx-industry/

Rupee, other forex manipulations face global regulatory probe

While rupee trades account for just about 1 per cent of the global market with a daily average turnover of just about $ 53 billion, nearly half of these trades take place outside India and in jurisdictions outside the direct regulatory supervision of regulators like the RBI and the Sebi. Amid a sharp plunge in rupee value till a few weeks ago, concerns were being raised about large NDF (Non Deliverable Forward) forex market trades in rupee outside India. According to BIS, the average daily foreign exchange market turnover in India stands at about $ 31 billion in 2013, which accounts for 0.5 per cent of the global turnover. However, the daily turnover of rupee trades stands at about $ 53 billion (accounting for a one per cent global market share ), which includes $ 50 billion worth trades in the rupee-US dollar transactions. A huge volume of rupee trades outside India was already a problem area and the latest global regulatory probe into the possible forex market manipulations have now added to the concerns of the Indian regulators, a senior official said, while adding that they would extend all possible support to the global regulatory authorities. Those looking into the matter mainly include Swiss Financial Market Supervisory Authority FINMA, UK’s Financial Conduct Authority (FCA), as also other regulators in Europe and the US, while they are also approaching Indian regulators like Sebi and RBI for the worldwide probe.
Source: http://economictimes.indiatimes.com/markets/forex/rupee-other-forex-manipulations-face-global-regulatory-probe/articleshow/23604005.cms

“Meet the Experts”: Forex Magnates Unveils the First-Ever Interactive Forum of the FX Industry

In Asian trading Monday, NZD/USD dropped 0.22% to 0.8303. The pair is likely to find support at 0.8194, the low from October 2 and resistance at 0.8360, the high from September 24. Despite limited demand for some riskier currencies, NZD/USD advanced 0.45%. last week.
Source: http://www.moneycontrol.com/news/rupee/forex-nzd-usd-lower-as-budget-impasse-hurts-risk-appetite_964634.html

Twitter Plans $1b Stock Market Launch Under Twtr Symbol

Liquidity has tightened in the interbank market as Kenyan companies are paying their latest tax instalment, lifting the weighted average interest rate to 9.8 percent on Thursday, from a low of 6.3 percent on Sept. 6. Traders said they expected the shilling to trade in a range of 86.00-87.00 to the dollar in coming days with a bias to firming further, partly due to dollar inflows from foreign investors buying an extended 12-year infrastructure bond. On the stock market, the benchmark NSE-20 share index inched up 0.1 percent to 4,841.33 points, extending gains to a seventh straight session although it appeared to be losing momentum. “We expect the high inflation environment to impact local investors negatively,” said Silha Rasugu, an analyst at Genghis Capital. Equity Bank, the country’s largest bank by customers, rose 1.5 percent to 34.25 shillings a share, while Co-operative Bank of Kenya climbed 1.2 percent to 16.45 shillings.
Source: http://www.reuters.com/article/2013/10/04/kenya-markets-idUSL6N0HU27220131004

“You’ve got money: Hollywood scribe Ephron made a fortune on the stock market,” the network blared on its online site late today. Ephron had more than $10 million in stocks and real estate investments by the time she died at 71 in June 2012 of acute myeloid leukemia, the documents showed. Ephron was savvy enough to invest in Internet ventures early, before they became blockbusters, amassing $642,000 in Apple shares, over $110,000 in Google and $89,000 in Amazon, according to the documents. Plus, she made plenty of money writing and/or directing such romantic comedy hits as When Harry Met Sally …, Sleepless in Seattle, You’ve Got Mail, and Julie & Julia. Her property portfolio, including a Beverly Hills bungalow, an East Hampton mansion and a Manhattan co-op, totaled just above $12 million, while her personal belongings and cash totaled about $4 million, the documents show. The daughter and sister of Hollywood screenwriters, Ephron started out in New York as a journalist with a memorably droll, ironic style, then moved on to equal success as a scriptwriter and online later as a director.
Source: http://www.usatoday.com/story/life/people/2013/10/01/nora-ephron-was-boffo-in-stock-market-left-huge-estate/2905261/

The company expects its business to grow overseas, especially in places such as Argentina, France, Japan, Russia, Saudi Arabia and South Africa, the documents indicate. Goldman Sachs Group Inc. is spearheading Twitter’s offering with Morgan Stanley and JPMorgan Chase & Co. The same three banks led Facebook’s IPO. Bank of America Merrill Lynch , the corporate and investment banking division of Bank of America Corp., and Deutsche Bank AG are also underwriters. Twitter didn’t say if it will trade its stock on the New York Stock Exchange or the Nasdaq Stock Market.
Source: http://www.upi.com/Business_News/2013/10/04/Twitter-plans-1B-stock-market-launch-under-TWTR-symbol/UPI-81441380862800/