Thursday January 26th, 2012 21:03 Wall Street falls after weak housing data (Reuters)

NEW YORK (Reuters) – Wall Street is set for a slightly lower open on Thursday, giving back some of the gains from the previous session, when the Federal Reserve boosted equities by saying it was likely to keep interest rates near zero until at least late 2014.

At 4:21 a.m. ET, futures for the S&P 500, Dow Jones and Nasdaq 100 were down between 0.1 and 0.3 percent.

The FTSEurofirst 300 (.FTEU3) index of leading European shares was up 0.3 percent at 1,042.50 points, with miners higher on stronger copper prices, which were boosted by the Fed’s statement, as were oil prices.

The euro was near five-week highs at $ 1.3110 though little changed on closing New York levels.

U.S. initial jobless claims are seen correcting up to 370,000 from 352,000 the week before, mostly from the smaller seasonal factor in the week ended January 21 after a reading where claims sunk to a nearly 4-year low. Claims just dropped 50,000 as they worked their way back from a reading that historically sees a rise in the first week of a new year. The data is due at 8:30 a.m ET.

The transportation sector could be a big wildcard for December durable goods, but is seen exerting only a modest drag, pulling the headline down to a 2.0 percent gain from 3.7 percent the month before, according to a Reuters poll of 69 economists.

Starbucks (SBUX.O), the world’s biggest coffee chain, reports quarterly results and may offer an early read on the success of its lightest yet “Blonde” roast coffee and an update on its recently introduced K-cups for Green Mountain’s (GMCR.O) popular Keurig one-cup brewers.

Other companies reporting include Caterpillar (CAT.N), the world’s largest maker of earth-moving equipment and telecoms heavyweight AT&T (T.N).

Big profits from Apple (AAPL.O) and a promise from the Federal Reserve to keep rock-bottom rates for at least two more years powered the U.S. stock market higher on Wednesday.

The Dow Jones industrial average (.DJI) rose 0.7 percent, the Standard & Poor’s 500 Index gained 0.9 percent, the Nasdaq Composite Index (.IXIC) ended 1.1 percent higher.

Stanley Black and Decker (SWK.N) shares slipped 1 percent after the bell following the release of its results.

(Reporting by Brian Gorman. Editing by Jane Merriman)


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Monday January 23rd, 2012 13:48 The Unbearable Wrongness of Roe

39 years ago, the Supreme Court delivered a radical, legally untenable, immoral decision. It has forfeited its entitlement to have its decisions respected, and followed, by the other branches of government, by the states, and by the people.

Today, thousands of people at the March for Life in Washington, D.C., are commemorating the thirty-ninth anniversary of a legal and moral monstrosity, Roe v. Wade, and its companion case, Doe v. Bolton. The two cases, in combination, created an essentially unqualified constitutional right of pregnant women to abortion—the right to kill their children, gestating in their wombs, up to the point of birth. After nearly four decades, Roe’s human death toll stands at nearly sixty million human lives, a total exceeding the Nazi Holocaust, Stalin’s purges, Pol Pot’s killing fields, and the Rwandan genocide combined. Over the past forty years, one-sixth of the American population has been killed by abortion. One in four African-Americans is killed before birth. Abortion is the leading cause of (unnatural) death in America.

It is almost too much to contemplate: the prospect that we are living in the midst of, and accepting (to various degrees) one of the greatest human holocausts in history. And so we don’t contemplate it. Instead, we look for ways to deny this grim reality, minimize it, or explain away our complacency—or complicity.

It is important, however, to view reality with eyes wide open, focus clear, and gaze not averted. On this thirty-ninth anniversary of Roe and Doe, I would like simply to set forth what Roe and Doe held, in as clear-headed and straightforwardly descriptive legal terms as possible, and to lay out its human and moral consequences. My brief tour of Roe’s unbearable wrongness begins with Roe’s radicalism—its extreme holding creating a plenary right to obtain or commit abortion—proceeds with Roe’s legal untenability, and concludes with Roe’s immorality and the moral problem of our seeming passivity and quiescence in response to the greatest legal and moral wrongs of our age.

Roe’s Radicalism

Start with Roe’s radicalism, a radicalism that we may no longer grasp because it has become so familiar. Roe created a constitutional right to obtain or commit an abortion of a human life—that is, to terminate the life of a human embryo or fetus. It is important to be clear-sighted about this: abortion kills a living human embryo or fetus. What distinguishes “abortion” from (say) miscarriage is the specific intention to kill a living fetus. What was alive before has been deliberately killed. Abortion takes a life. Further, the life taken is human life. There is really no doubt about that as a matter of biology. The embryo or fetus belongs to the species homo sapiens. It is a separate, living human being that is killed by abortion.

To be sure, that human being is killed at an early stage in its life cycle, and for a substantial part of that time could not live without direct biological connection to his or her mother (the person in whom Roe vests the right to terminate that human life). But that does not make the human embryo any less alive, any less human, or any less a separate life from the mother. It just makes the unborn baby more vulnerable and dependent.

The right created by the Supreme Court in Roe is a constitutional right of some human beings to kill other human beings. I do not mean for my description to be provocative, but simply direct—blunt about facts. One need not presume that the human fetus has a right not to be killed in order to recognize that, as a descriptive matter, Roe creates a right for one class of human beings to kill other human beings.

Roe, coupled with Doe, creates a plenary right to kill the embryo or fetus for essentially any reason, at any time throughout all nine months of pregnancy. Distilled to its essence, Roe created a “trimester” framework for abortion. In roughly the first three months of pregnancy, the right of abortion is avowedly plenary: abortion may be had for any reason. In the second three months, government may regulate abortion to protect the life or health of the mother, but again the right to have an abortion remains plenary. In the final three months—after the point of “viability,” when the human fetus could live on his or her own outside the mother’s womb—Roe says that abortion can be restricted or prohibited . . . except where abortion is necessary to protect the “life or health” of the pregnant woman.

This is a big exception. And here is where Doe steps in. On its face, Roe might appear, to the unwary or uninitiated, “moderate”—its trimester-balancing framework a measured, reasonable-sounding, proportionate act of judicial legislation concerning abortion. It is Doe that does a lot of the work, through an indirect and ultimately disingenuous definition of the “health” reasons that always may justify a woman’s decision to have an abortion and trump any interest of society in protecting fetal human life, even when the child could survive outside the mother’s womb. Doe holds that relevant “health” considerations justifying late-term abortions include “all factors—physical, emotional, psychological, familial, and the woman’s age—relevant to the well-being of the patient. All these factors may relate to health.” (Doe’s understanding of “the patient” did not include the fetus; Roe held elsewhere that the human fetus has no legal rights that any person is bound to respect.)

Roe then cross-referenced Doe’s stylized definition of health and incorporated it into the main holding. The result is that an abortion may be had, under Roe and Doe, for essentially any reason, throughout all nine months of pregnancy, up to the point of birth.

Nothing in any of the Court’s later abortion cases alters this definition of “health” or the right to abortion throughout pregnancy. Planned Parenthood v. Casey, the 1992 case reaffirming Roe, tinkered slightly with the trimester framework and the point at which “viability” occurs but did not change Roe’s (and Doe’s) holding that abortion may be had for any reason, before viability, and for any “health” reason throughout pregnancy. The partial-birth abortion cases carried this understanding forward, holding that the state may not prohibit the abortion method of inducing birth and killing the fetus on the way out of the birth canal (Carhart I [2000]), unless an equally effective, equally “healthy” method of killing the fetus is available (Carhart II [2007]).

I suspect that if more people understood Roe’s and Doe’s actual holding fewer would support that constitutional regime. Roe was a truly extreme decision, creating an effectively unrestricted constitutional right to abort a living human being for any reason the mother might have, throughout pregnancy right up to the point of birth.

Roe’s Legal Untenability

This brings us to Roe’s utter indefensibility as a matter of constitutional law. If the U.S. Constitution actually protected such an extreme personal legal right to kill the human fetus, that would be troubling enough, but the trouble would be with the content of the Constitution. The further problem with Roe is that it has absolutely no basis in the text, structure, or history of the Constitution. No rule or principle of law fairly traceable to the text, discernible from its structure, or fairly derived from evidence of intention or historical understanding of an authoritative decision of the people, remotely supports the result reached in Roe. In terms of fair principles of constitutional interpretation, Roe is perhaps the least defensible major constitutional decision in the Supreme Court’s history.


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Friday January 20th, 2012 06:34 Rick Perry to Drop Out of Presidential Primary and Endorse Newt Gingrich

With the South Carolina primary set for Saturday and his prospects fading quickly, Rick Perry has decided to step out of the race for the GOP nomination for President in 2012. CNN is reporting that Perry will hold a press conference at 11AM on Thursday in South Carolina to formally announce his decision and to endorse former House Speaker Newt Gingrich.

In South Carolina, Gingrich has managed to mount a challenge to Mitt Romney, although Romney still holds a significant lead in the polls. Perry’s donors had recently given indications that they saw the writing on the wall and that the Texas Governor was not going to be in a position to capture the GOP nod.

After strong showings in Iowa and New Hampshire, Romney brought plenty of momentum and a huge war chest into South Carolina. But recent questions about Romney’s business dealings as well as his personal wealth and savvy tax avoidance have drawn the suspicions of wary voters. At a time when many voters are increasingly concerned about the cozy relationship between big business and big government, Romney seems to represent the worst case scenario.

But even with the recent dents to Romney’s image, it seems like his is going to be the only campaign that is going to be able to sustain a strong run throughout the primary season. Romney is the candidate who appeals to those who are holding onto a traditional view of government as primarily benevolent and well-meaning. Newt Gingrich’s supporters fall into the same broad category, but with slightly different values. It will be interesting to see if any of the GOP candidates will generate the broad-based appeal required to topple President Obama in 2012.


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Monday January 16th, 2012 23:21 His Precious Little Car

His precious car.
“Mary, don’t do it.”
One little door ding and I get this.
“Mary, I didn’t want to hit you but you know you deserved it.”
Deserved it?
“Mary, get out of the car now!”
He wants his baby back in the garage; I’ll put it back in the garage.
Mary! No!


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Sunday January 15th, 2012 18:00 Becoming a CNA

There are many careers in the medical field besides being a doctor.  Although that’s the most prevalent career shown in all different types of media – news, television and movies – it’s not the only thing out there.  There is an entire system to a hospital, and a system must run with many parts, not just a single part.  This is where certified nursing assistants come into play.

These personnel help nurses in any way that they can.  They are there when nurses need assistance of any kind and play a vital role in keeping a hospital running smoothly without any bumps.  You would probably be shocked at how important their role is, though it seems like they are low on the totem pole.  Without them I think it’s safe to say that the whole place would grind to a halt.

CNA training is affordable and achievable so if you’re looking for a way to break into the medical field but you don’t want to go through ten more years of school, you should really consider it.  CNA certification can be a tough process, but with perseverance you can definitely get through it and get started on your new and promising career.

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Friday January 13th, 2012 16:00 A Visit to Belhurst Castle in Geneva, New York

How many times can you honestly say you felt swept away? When was the last time you felt like you were living a page torn from some storybook fantasy? Take a visit to Belhurst Castle in Geneva, New York and you’ll feel all that and more!

I’d heard there was a castle not far from the city of Rochester, New York and nestled somewhere in Finger Lakes Region. Whether it was castle like I’d seen and visited in Europe or whether it was someone’s modern vision of the same was enough to pique my interest.

And yet there it was: Belhurst Castle is seamlessly integrated along the coast of Seneca Lake and sits comfortably alongside many other Victorian properties from Geneva’s golden age. The fact that a castle stands just minutes from downtown center of historic Geneva and is listed on the National Register of Historic Places just adds to the allure of this lakeside retreat.

Long Ago and Far Away

Construction of Belhurst Castle took four years (1885 – 1889) and according to its website, all the materials used to build and furnish the Castle were imported to Geneva from Europe and other locations abroad. The property that surrounds Belhurst Castle was originally the site of a Seneca Indian village and home to the Council of the Six Nations of Iroquois. In other words, this is an old property! In the early 18th century, the land was originally purchased by two 18th century land developers and began it’s transformation to we now see and enjoy today.

Since then the castle has changed hands many times and today it stands as a combination hotel-spa-restaurant.

Victorian is In

To be honest, the term “castle” is kind of misleading. Belhurst Castle doesn’t really seem like a castle per se. But then my frame of reference is every castle I’ve ever seen and/or visited in Europe. But why get caught up in the little things. My wife and I found ourselves enjoying the Belhurst Castle on a recent midweek getaway. The Castle offers 14 luxurious rooms, each with a different name and theme. Most with a lakefront view.

The adjoining Whitesprings Manor offers 13 more rooms and the spacious Vinifera offers two one-of-a-kind mega-suites that will surpass your wildest fantasy.

The interior design is one of lost aristocracy I suppose. High arched ceilings compliment stone work and design that you just don’t find anymore. Plush carpets and original antique furnishings kept me thinking that maybe King Henry the VIII or someone similar would be popping in for a visit.

Just Relax

The Isabella Spa and Salon shares the ground floor of the Belhurst Castle and offers a range of massage and other spa treatments. Meanwhile, inside the castle you’ll find two restaurants, a huge fireplace, a gift shop and lots of room to relax and recharge. In addition there are two restaurants – Edgars and Stonecutters – and each offers and a great selection of main courses and desserts. What is especially attractive is that visitors can enjoy the restaurants and spa without actually staying at the hotel.

So What are You Waiting for?

In the Fall of 2003, expansion began on the Belhurst property with the construction of a 30,000 square-foot facility adjoining the 1880′s Belhurst Castle. The addition includes a luxury hotel named the Vinifera Inn, a spectacular ballroom named the Meritage Ballroom, a bar/lounge named Stonecutters, and a retail shop / wine tasting room for visitors to sample Belhurst’s very own award-winning wine.

Belhurst Castle offers all the amenities that make it a perfect escape. With historic Geneva and Seneca Lake just minutes away there’s plenty to do and see.



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Tuesday January 10th, 2012 17:35 PokerRoom.com Revamped to Offer Cash Games to Players

PokerRoom.com has made a comeback and is once again offering players the chance to win big while playing poker online. As one of the original real money poker websites, players were able to experience the high quality poker playing experience for more than a decade.

Now, two years after the website closed players are finally able to log on to the website once again with the triumphant return of PokerRoom.com. Players are now able to log on to play cash games, free online poker games, and even become part of the online community for poker players to network with one another, get the latest poker news and get more than just a place to play poker online.

Cash poker games allow the players to become part of the game and control the stakes. Players can choose from games that are sit-and-go, determining when they are going to sit at the table and play and when they are going to get up and leave. Whether players choose the traditional Texas Hold’em games or something a little more old school, like Five Card Stud, the games can enable the players to control the bets that are made and up the excitement level with a little no-limit action.

PokerRoom.com has come back and has come back hot with the thousands of players that have signed up in the last two days since the opening of the website. Cash games, tournaments and the online poker community are just going to increase as more and more players catch on to the gem that is PokerRoom.com and sign up for the action.

For a limited time, players that sign up and make their first deposit to the online poker room will receive 100% deposit bonus, for deposits of $100, $500 and $1,000. Take advantage of the deposit bonus to build the bankroll and experience everything that PokerRoom.com has to offer.

 

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Tuesday January 10th, 2012 08:56 Shares, euro rise even though Europe worries weigh (Reuters)

TOKYO (Reuters) – Asian shares and the euro rose on Tuesday, but concerns over funding of euro zone sovereigns ahead of key auctions this week and of the debt crisis spilling into the wider financial system kept investors cautious about taking riskier positions.

MSCI’s broadest index of Asia Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.4 percent following a modest gain in global stocks as the materials sector (.MIAPJMT00PUS) outperformed after Alcoa Inc (AA.N), the largest U.S. aluminum producer, gave a positive outlook for world demand.

Alcoa, seen as a bellwether of broader economic growth because of aluminum’s role in producing many goods, on Monday posted a fourth quarter loss due to a steep plunge in aluminum prices, but its revenue beat expectations.

Alcoa partly helped lift Australian shares and also Japan’s Nikkei (.N225), which gained 0.4 percent. (.T)

China’s exports and imports grew at their slowest pace in more than two years in December as foreign and domestic demand ebbed, putting export growth in December at 13.4 percent compared with a year earlier.

But immediate market reaction was limited, with Hong Kong’s Hang Seng Index (.HSI) up 0.6 percent and Shanghai shares (.SSEC) up 1.5 percent.

With European woes overshadowing recent positive economic data from the United States, market players were looking for signs of how the euro zone debt crisis might affect Asian growth.

Chinese policymakers are expected to offer stimulus to underpin growth but downside risks remain that could make growth lower than the consensus forecast, such as side-effects from the slowdown in the property market, said Andrew Pease, Sydney-based chief investment strategist at Russell Investments Asia Pacific.

“It’s very hard to make a clear prediction until we start to see the shape of Europe,” he said.

“Asia being a high-beta market, if the world goes into a risk-off phase on the back of Europe, Asia will underperform. If Europe resolves its problems, Asia will outperform,” he said.

Pease said the current environment calls for a neutral stance in allocations and being opportunistic in hunting for bargains, such as a 10-15 percent drop in equities markets, or corporate credit.

He said investors should avoid markets that performed strongly in the past couple of years, such as U.S. Treasuries, and they should be cautious about commodities until China’s growth prospects are clear.

EURO VULNERABLE

The euro was up 0.1 percent at $ 1.2773, lifted by a short squeeze after hitting 16-month lows of $ 1.2666 on Monday, as players pared extremely bearish bets against the single currency ahead of key events in Europe this week. But the single currency remained vulnerable given no fundamental reasons for its recovery.

“EURUSD continues to trade below $ 1.2800, and prospects for EUR remain bleak,” analysts at BNP Paribas said.

Italian and Spanish debt auctions this week are the focus of the market as the two big euro zone economies are seen as most at risk from the crisis.

A plunge in euro zone government bond prices on concern about financing ability eroded capital at European banks which own large amounts of such bonds. Problems faced by a top Italian bank only underscored the difficulties of recapitalizing and raised fears about the debt crisis unsettling the financial system.

Shares of UniCredit (CRDI.MI), Italy’s largest bank by assets, plunged again on Monday as it began a rights issue to bolster its capital. Its stock has lost 45 percent since it priced the cash call at a big discount last Wednesday and its market capitalization has nearly halved.

The bank is the first big lender to tap the market to repair its balance sheet since new capital targets were imposed.

A meeting between the German and French leaders on Monday also added to jitters, as Chancellor Angela Merkel and President Nicolas Sarkozy warned Greece it won’t get more bailout funds until Athens agrees with creditor banks on a bond swap and pressed for an early deal to avert a potential default in the euro zone’s most debt-stricken nation.

Merkel and Sarkozy also said they aimed to wrap up negotiations among euro zone countries this month on a new fiscal pact tightening budget discipline, to be signed at the latest on March 1.

Asian credit markets were on the defensive side on Tuesday, with spreads on the iTraxx Asia ex-Japan investment grade index sticking to late Monday levels.

(Additional reporting by Ian Chua in Sydney; Editing by Richard Borsuk)


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Saturday January 7th, 2012 01:30 Unemployment Rate Drops to Lowest Level in Three Years on December Hiring

The overall unemployment rate for the U.S. has dropped to 8.5%, at least when calculated by the federal government. The December Jobs report revealed that employers added over 200,000 jobs and there were additional indications that hiring was continuing to gain momentum. Average hourly pay rose along with the average length of the work week for most employees. Of course, November and December are traditionally strong hiring months because of the holiday shopping season.

And while all the recent improvements in the employment numbers are a welcome change from years of Great Recession Pessimism, everything must be looked at within the larger context of a broken macro economic model. The U.S. debt load is continuing to skyrocket, as Europe sits on the precipice of outright failure of the Euro Zone. Unsustainable sovereign debt is a global epidemic that is continuing to play out.

The improvement in hiring over the last few months also must be considered within the context of an overall Labor Participation Rate that is the lowest at any time since 1984, when the population of the country was much smaller than it is today.

It’s also important to note that there were 42,000 new jobs added in December of 2010 and 2009 that were related directly to retail sales and shipping services like UPS, FedEx, etc. If you take that number into account, then it drops the overall number of new jobs created in December 2011 to 158,000, which is very close to the projected total for the month.

But back to the bright side, auto sales experienced their highest levels of performance of 2011 in November and December. So, there is some reason to believe that things can get better in the short term.


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Friday January 6th, 2012 21:58 Unlimited Coupons

If you’re like me, you like a good bargain.  Nothing fills me with more satisfaction and pride than knowing I paid less than everyone else for an item that everyone needs.  For instance, just yesterday I went to the grocer and spent around $100 less than the average person simply because I was diligent about my coupon use.  There is a lot of stuff to know about couponing, but Coupons printable is one of the best kept secrets.

Coupons can help you save untold amounts of money at the markets – but you need to have them.  Without a solid coupon strategy you are unfortunately going to be one of the sad majority that gives up more of their money than they actually have to.  There’s no reason to be one of these people!  Simple education will put you farther than 90% of people.  The real secret is in finding these priority coupons online.  You can even print them out, cut them up and bring them to the store to redeem them for vast amounts of items or money saved.  It’s so substantial sometimes that the grocer ends up owing YOU money!  Imagine that!  No wonder there are so many couponers out there – become one now!

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