Wednesday, October 31, 2012

A Ray of Hope

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Monday, October 29, 2012

Gaston College to hold small business seminars | Denver Weekly ...

LINCOLNTON ? The Small Business Center at Gaston College will hold two seminars in November to help local people start or strengthen their businesses.

? Marketing II ? Targeting for Results: This seminar will help business owners identify marketing tools relative to business needs, including demographic, location and advertising selection. 6:30-9 p.m. Oct. 29. At the Lincoln Campus, Room LC 125.

? Marking III ? Great Expectations: This seminar will help business owners understand creating a realistic marketing plan to match the company?s resources. 6:30-9 p.m. Nov. 5. At the Lincoln Campus, Room LC 125.

? Tax issues: A local accountant will discuss financial statement formulation and terminology, self-employment and payroll taxes, tax theory and forms and aspects of interacting with your finance and accounting professional. 6:30-9 p.m. Nov. 12. At the Lincoln Campus, Room LC 125. q

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Source: http://denverncweekly.com/business/2012/10/gaston-college-to-hold-small-business-seminars/

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Thursday, October 25, 2012

Sports journalists join 'Discerning Voters' to back President Mahama

Discerning Voters, a group of independent professionals of the National Democratic Congress, on Tuesday stated their commitment to rally undecided voters to ensure victory for the party in the December 2012 polls.

?We are committing to win 80% of undecided voters for the President through an ongoing peaceful, yet robust and massive strategy that will change the dynamics of Ghanaian politics.?

The Discerning Voters said this at a media briefing to inaugurate the Group in Accra.

Mr Yaw Ampofo Ankrah, a sports journalist and the Convener of the group noted that the group was inspired by President John Mahama's sense of maturity, humility, competence and continuous dedication to the needs of Ghanaians.

?If there ever was a man who has made such tremendous impression and impact as President of his country in just four months, then that man is President John Mahama, and surely this man deserves to continue in office as our President?

He noted that the group had begun massive campaign in villages to inform the electorate about what the NDC had to offer, adding ?we want to encourage you to join us to stand up for Ghana, stand up for truth and stand for President John Mahama?.

According to Mr Ampofo Ankrah, the decision to campaign for the NDC was not instigated by any form of financial gains, as speculated among a section of the public.

?So confident are we in the Better Ghana Agenda that many of us have resigned from our jobs and put our businesses on hold to ensure this humble desire by President Mahama to continue to save the ordinary Ghanaians??

Nana Yaw Agyemang, a television sports commentator, who also declared his support for President Mahama, stated that he had a mind of his own and therefore decided on what he considered to be right.

?I cannot be pushed around by anybody, neither can anyone influence me to do anything, but this is to set an example for those who are afraid to declare their stand. I believe President Mahama is the best person to lead the country.

Source: http://www.modernghana.com/sports/425838/2/sports-journalists-join-discerning-voters-to-back-.html

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Budget deficit nearly doubles year-on-year in September | Economy ...

The national budget deficit reached P34.854 billion in September, nearly twice the P18.501 billion a year earlier, as the government continued to spend for programs and boost revenues, the Department of Finance (DOF) reported Wednesday.

This brings the deficit in the first nine months of 2012 to P106.05 billion, well below the government's deficit ceiling for 2012 of P279 billion, or 2.6 percent of GDP, for this year.

Its current fiscal position gives Philippines enough space for to finance its projects, said Finance Secretary Cesar Purisima.

In September, revenues increased by 0.9 percent?to P105.309 billion, while expenditures rose 14.1 percent to P140.163 billion.

In the first nine months of the year, ?government raised P1.118 trillion in revenues ? 10 percent more than it raised in the same period in 2011; expenditures, meanwhile, grew by 14.5 percent to P1.225 trillion from P1.070 trillion.

?With the higher expenditure growth due to improving absorptive capacities of departments and agencies, we are again confident that government spending will again contribute significantly to economic growth in the third quarter,? said Budget Secretary Florencio Abad.

Collections

The Bureau of Internal Revenue took in P71.036 billion in September, a 6.7-percent rise from P66.547 billion int eh same comparable period. In the nine months to September, the BIR?s collections climbed by 12.6 percent to P772.468 billion from P686.260 billion.

BIR Commissioner Kim Henares said the bureau will likely reach an unprecedented P1 trillion in collections in 2012, though its actual target of P1.066 trillion will be harder to reach.

?Our aggressive efforts to improve tax compliance [have] consistently generated fiscal space to provide funding for the Aquino administration?s spending priorities,? said Purisima.

The Bureau of Customs also showed an improvement in its collections last month, with P23.208 billion or 2.6 percent higher year-on-year from P22.408 billion.

In the first nine months to September, the BOC?s collections increased by 9.8 percent to P213.656 billion from P194.607 billion.

The BOC?s target for 2012 is P347 billion.

Purisima said he hopes the Senate will approve a measure that would bring revenues from sin taxes to at least P40 billion a year.

?We have no reason to doubt the pronouncements of the acting chair of the ways and means committee, Senator Frank Drilon, that the Senate will maximize the health and revenue impacts of the reform of excise taxes on tobacco and alcohol,? he said.

The Senate will resume discussions on the bill next month. ? BM/VS, GMA News

Source: http://www.gmanetwork.com/news/story/279525/economy/finance/budget-deficit-nearly-doubles-year-on-year-in-september

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What They Think: Congressional Leaders Weigh-In on Science

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Source: http://www.labspaces.net/124774/What_They_Think__Congressional_Leaders_Weigh_In_on_Science

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Wednesday, October 24, 2012

Asian shares subdued by earnings caution

TOKYO (Reuters) - Asian shares were lacklustre with the corporate reporting season getting underway in the region, as investors stayed cautious after global shares faltered overnight on weak earning reports and outlook.

The MSCI index of Asia-Pacific shares outside Japan shed early gains on Tuesday to ease 0.1 percent, dragged down by a 0.3 percent decline in South Korean shares, while a 0.1 percent gain in Australian shares helped partially offset the downward pressure.

Seoul shares slipped ahead of quarterly results from domestic blue chip stocks, starting with POSCO , the world's fourth-biggest steelmaker, later in the day.

POSCO, in which Warren Buffett's Berkshire Hathaway is a shareholder, will kick off the earnings season for major Asian steelmakers. It is likely to post a third consecutive loss, dogged by weak China demand and prices.

Hong Kong markets were closed for a holiday and will resume trading on Wednesday.

"Everybody knows earnings will be weak, but if companies' guidance is more cautious than markets expect, then there is a risk that the downside may be tested," said Tetsuro Ii, CEO of Commons Assets Management.

"While excessive risk aversion has softened, there is nothing to be positive about the global growth slowdown," Ii said. But he added any dip in markets will be a buying opportunity.

U.S. stock futures were down 0.1 percent to hint at a soft Wall Street open, but European shares will likely rise, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open as much as 0.3 percent higher.

U.S. stocks were weighed on Monday by heavy-equipment maker Caterpillar Inc slashing its 2012 forecast, but they eked out gains in a late-day bounce.

Japan's Nikkei average trimmed earlier gains and was up 0.2 percent.

The share market's gains stemmed from the yen's weakening due to expectations that the Bank of Japan will opt to ease monetary conditions further when its monetary board meets to review policy on October 30.

The dollar rose to 80.02 yen, its highest since July 6. The yen weakened to a 5-1/2 month low of 104.59 yen against the euro and a 1-month low of 82.68 against the Australian dollar.

Traders have said that sentiment towards the yen has been turning around in recent weeks, and yen selling gained momentum on Monday after the dollar/yen broke key technical resistances.

"Generally speaking, expectations for a BOJ easing help push the dollar up against the yen, but the effect on the economy from easing is limited. It's more to do with recent market flows which have been pointing to a weaker yen," said Hiroshi Maeba, head of FX trading Japan for UBS in Tokyo.

Maeba said the dollar may be capped around 80 yen in the near term but support appeared firm at 79.60-79.70 yen, and he expects the dollar to reach 82 yen by the end of the year.

On Monday, a slew of economic reports offered the latest evidence that Japan, the world's third-biggest economy, was struggling to sustain its momentum in the face of global headwinds and cooling demand and investment at home.

FED SEEN ON HOLD

Several central banks hold policy meeting this week, including the U.S. Federal Reserve, the Bank of Canada and the Reserve Bank of New Zealand. All of them are expected to keep rates on hold but may offer dovish statements, Barclays Capital said in a research note.

"We recommend staying engaged in risky assets in FX, taking advantage of the low volatility conditions being supported by central bank policy," it said.

The Fed is likely to hold off from taking fresh steps, opting to review the impact of the quantitative easing undertaken last month and keep a low profile before the November 6 U.S. election.

The euro steadied to $1.3056, drawing support from expectations of bailouts for Spain and Greece in coming weeks and also on comments by European Central Bank policymaker Joerg Asmussen, who reiterated that the bank's commitment to do everything in its power to show the euro is irreversible.

U.S. crude rose 0.2 percent to $88.83 a barrel but Brent inched down 0.1 percent to $109.33.

Asian credit markets were subdued, with the spread on the iTraxx Asia ex-Japan investment-grade index widening by 1 basis point.

(Editing by Simon Cameron-Moore)

Source: http://news.yahoo.com/asian-shares-edge-higher-earnings-caution-caps-003350548--finance.html

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Apple Announces iPad Mini - Business Insider

Apple just officially announced its smaller version of the iPad called the iPad Mini.

The new tablet starts at $329 for the 16 GB Wi-Fi version and goes on sale November 2. Pre-orders begin October 26, the same day Microsoft's Surface tablet launches.

The iPad Mini will have a 7.9-inch display, which is a bit smaller than the 9.7-inch display on the full-sized iPad.?

As far as specs go, the iPad Mini has essentially the same guts as the iPad 2 in a smaller package.?

The iPad Mini does not have the high-resolution Retina display found on the iPhone and big iPad. There will also be models with cellular data connections to 4G LTE networks, just like the large iPad and iPhone 5.

Finally, the iPad Mini will have the same tiny Lightning dock connector first introduced in the iPhone 5.

Below you'll find the complete lists of specs and features on the iPad Mini.

Here are the details:

  • 7.2 mm thin.?
  • Weighs 0.69 lbs.
  • Comes in black and white.
  • 7.9-inch screen.
  • Comes with 16 GB, 32 GB, and 64 GB storage options.
  • Optional 4G LTE cellular data model.
  • The screen is not "Retina" like the full-sized third-generation iPad. Instead, it has the same resolution as the iPad 2.?1024 X 768 pixels.
  • Since the resolution is the same as the iPad 2, developers won't have to tweak their apps to fit the smaller screen.
  • 29.6 inches of display area on the screen.
  • Apple A5 dual-core processor. This is the same chip that was in the iPhone 4S.
  • FaceTime HD front-facing camera. 5 MP rear camera that also takes 1080p HD video.
  • 802.11 a/b/g/n 2.5 GHz Wi-Fi.
  • Lightning dock connector.?

Watch below to find out why you shouldn't buy into the iPad Mini hype:

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Source: http://www.businessinsider.com/apple-announces-ipad-mini-2012-10

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