Friday, January 25, 2013

Capital Business ? Tablet sales forecast leaps again


Apple CEO/FILE

Apple CEO/FILE

WASHINGTON, Jan 24 ? Global tablet computer sales are expected to hit 145 million this year, a research firm said Wednesday in the latest upgrade of the sizzling segment.

ABI Research said it raised its forecast due to ?a combination of new market entrants, more affordable choices for consumers, and increased adoption by business audiences.?

?The rate of innovation is slowing as tablet vendors augment their product portfolios to meet the needs of market audiences,? says ABI?s Jeff Orr.

?The late 2012 launches of Apple?s iPad mini and a variety of slates based on Intel architecture and new Windows operating systems will only begin to show their progress this year.?

ABI said North America will account for just over 50 percent of worldwide sales.

Business sales are expected to account for 19 percent of the total, as corporate customers look to newer models aimed at their users.

Sales data from 2012 are still being compiled, but some forecasts indicated the total number of tablets sold would be around 126 million.

Author: AFP
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Source: http://www.capitalfm.co.ke/business/2013/01/tablet-sales-forecast-leaps-again/

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Japan envoy says new PM wants to improve China ties

BEIJING (Reuters) - A Japanese envoy carrying a letter from new prime minister Shinzo Abe told his Chinese hosts on Wednesday that Japan wants to improve bilateral ties, strained by a dispute over a group of uninhabited islands in the East China Sea.

A spokesman for Natsuo Yamaguchi, head of New Komeito, the junior partner in Japan's ruling coalition, would not disclose the letter's contents nor say explicitly who it was for.

But he told Tang Jiaxuan, a former Chinese foreign minister and head of the China-Japan Friendship Association, Yamaguchi had high hopes for the visit.

"He said that Prime Minister Abe hopes strongly to improve Japan-China relations, and hopes for peace between the countries and in the region. Japan and China have a strategic relationship and he is looking at the big picture," New Komeito lawmaker, Makoto Nishida, told reporters in Beijing after the meeting.

Tensions over the islands, known as Senkaku in Japan and Diaoyu in China, have flared in recent months, one of several maritime territorial disputes involving China that have worsened as Washington seeks to shift its security focus to Asia.

"If we move in the same direction together, the challenges will become opportunities. We are looking for a win-win relationship. This is important to China," Nishida paraphrased Tang as saying.

The islands issue was not discussed specifically, he said.

While Yamaguchi does not have a formal position in the government, he is leader of relatively dovish New Komeito, which joined the Liberal Democratic Party in its return to power last month. LDP leader Shinzo Abe became prime minister.

Violent anti-Japanese protests broke out across China last September after the Japanese government purchased three of the islands from their private Japanese owners.

Some Japanese businesses were looted, Japanese citizens were attacked and Japanese auto and other manufacturers reported considerably lower sales in China in the following months.

In recent weeks Japanese military planes have scrambled numerous times against Chinese planes approaching airspace over the islands. Chinese planes have also been launched to shadow Japanese planes elsewhere over the East China Sea.

China insists the islands are its territory and that it will brook no dispute over this.

"The Diaoyu Islands issue concerns China's territorial sovereignty and the feelings of the Chinese people," Foreign Ministry spokesman Hong Lei said at a regular briefing earlier in the day.

(Additional reporting by Ben Blanchard; Editing by Louise Ireland)

Source: http://news.yahoo.com/japan-envoy-says-pm-wants-improve-china-ties-180340338.html

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Thursday, January 24, 2013

What is Driving Stocks Higher? - Zacks Investment Research

Stock market investing these days is more like fishing in an aquarium than baiting the hooks out on the vast seas.

Why?

Because investing success happens more because the aquarium's caretaker (aka the Fed) wants you to succeed, and less because your positions were sharply chosen. The Fed feeds mortgage and treasury markets money each month to make sure stock prices grow and you keep invested.

This article shows you a little how that process worked in January.

Unemployment Claims -- Lower than Expected in Mid-January

Last week's unemployment claims recorded a low of 335,000, a full 10% lower than what the market was looking for. This represented a five-year low for claims -- good news for the U.S. economy. Companies work on a budget cycle, and January is a good hiring month.

The stock market has been seeing the jobs market and economy improvements coming, as stock prices have been going up for some time.

There is evidence of an improvement in the economy coming from this claims number. But broad improvement takes time for the fuller process to work. Unemployment is a lagging indicator. Its full effect should take place in a few months. Income from the freshly employed needs to come in the door; time must pass to pay down debts from the unemployment period; and for them to regain confidence. Getting a job also takes the worker off the state's unemployment claims budget; another benefit to the macro economy.

We think the decrease in claims is helped by a rise in housing starts.

More . . .

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Housing Starts - Strength in December

Housing strength is one good reason to explain why job losses are coming down. A boom-let in housing often helps smaller outfits. Buying, furnishing and remodeling a home is a domestic, locally-driven exercise. Housing activity makes the overall pie larger, because of these local idiosyncrasies.

There has been no strong macro recovery without a housing recovery taking root. The stock market is betting on this continuing. That is why we are seeing new 5-year highs on the stock market.

Private home starts and permits for December 2012 came out last week too. They were +30% stronger than last year at this time, which meant they were +200,000 units above last year. Permits were up +33% for the Midwest region. All of this is good news for both the regional Midwest and the national economies.

Housing activity is filling in the gaps in employment. We saw 903,000 permits issued, well above the 700,000 of last year. Further down the construction chain, we saw 954,000 housing starts, well above the consensus for 890,000 starts.

A major key to recovery here? -- The overall price structure in houses is starting to appreciate.

A price appraisal, for the first time in years, will show that a person is going to be able to profitably sell their house in a year or two.

What also helps housing starts are low mortgage rates, while housing helps bring the jobs back to the U.S. economy. Could housing starts fall back? We think the answer is "No". Not unless we see 2.5% to 3.0% interest rates arrive on the 10-year U.S. Treasury bonds too fast. Mortgage rates set up 1.5% above these rates.

In turn, mortgage servicers are one of the highest Zacks Ranked Industries.

Refreshing the Strength -- the Fed Buys $85 billion in Bonds Each Month

Don't forget this is happening. If Fed bond buying each month continues at its current rate, its balance sheet will swell to $3 trillion by the end of 2013, and $4 trillion in 2014. Mortgage rates are falling or stabilizing, in turn, which means more home building and more construction jobs. We, and the Fed, hope this ends in an economy with 6.5% unemployment. At this rate, the U.S. economy is knocking -0.5% a year in unemployment right now. That means we are a couple years away from getting there, since we are at 7.8% unemployment now.

What is supporting the housing and jobs recovery is Fed and ECB bond buying - This could lead to a hair trigger response, where the market dumps bonds very quickly once it stops.

Remember as you invest in these markets, the Fed's positions in Treasury and mortgage-backed securities are huge. There really isn't much of a competitive bond market. Concentration can counter worry on market price movement. In other words, the Fed is monopolizing these markets. New issuance is 80% to 90% Fed purchasing, and there is no limit to the balance sheet they can raise.

Does the Fed have the ability to pull back without disaster? We shall see. Our neutral view says two years out is where that tight moment could happen.

What To Do Next?

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As Chief Equity Strategist, John Blank, PhD, publishes weekly articles and monthly periodicals on the global financial markets for Zacks Premium subscribers and Zacks.com. He also appears on television channels such as CNBC and on a weekly Chicago radio talk show, Investing in Today's Markets, to discuss Zacks Macro, Zacks Market Strategy, and Zacks Consensus Strategy reports.

Source: http://www.zacks.com/commentary/25528/what-is-driving-stocks-higher

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No terrorist 'safe haven' in North Africa? That's a tall order.

The attack on the gas plant in Algeria took place in the middle of a complex, sprawling desert region the size of the continental United States.?

By John Thorne,?Correspondent / January 22, 2013

French foreign legionnaires take position outside Marakala, central Mali, Tuesday.

Jerome Delay/AP

Enlarge

After more than a decade of interventions as far-flung as the Hindu Kush, the banks of the Tigris River, and the wadis of Yemen, Washington and its allies are suddenly staring at another remote Islamic militant "sanctuary" ? this time?the size of the continental United States.?

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?Terrorists should be on notice that they will find no sanctuary, no refuge, not in Algeria, not in North Africa, not anywhere,? said US?Defense Secretary Leon Panetta last Friday in London. He was speaking as?the Algerian army attacked Islamist militants holding dozens of foreign and Algerian hostages at a remote gas plant in the Sahara desert.

As violence surges in both Algeria and Mali, where France is leading an intervention against Islamists in the north, leaders are vowing to clean up North Africa. That?s easier said than done, say analysts, and would require far more than just hunting down fighters.

North Africa?s problems are manifold and interlinked. Widespread unemployment, corruption, poor governance, and lawlessness have offered Islamist militants a foothold. Frustrated young men make good recruits, while criminal networks can be tapped as sources of funding.

?It?s a mistake to put an anti-terrorism framework on a situation that is full of drug trafficking, human trafficking, and other problems,? says Amel Boubekeur, a North Africa expert at the Doha branch of the Brookings Institution, a foreign affairs think tank. Governments ?really need a broad picture of stabilizing the region.?

Vast region

The?region?at stake?is among the world?s more vast and complex.?It?s roughly the size of the continental US, stretches from the shores of the Mediterranean to the scrubland south of the Sahara, and takes in a dozen or so countries ? no one has yet defined a list. Some key ones, going counter-clockwise, are Libya, Tunisia, Algeria, Morocco, Mauritania, Mali, Niger, and Nigeria.

Their inhabitants include Arabs, Berbers, Tuareg, and sub-Saharan peoples. They live mainly around the fringes of the Sahara, and?within borders drawn by European colonizers. National identities have developed, but sometimes compete with ethnic and tribal ones.

Unemployment is high across the region. In many countries, people have fled the hinterlands to seek jobs in cities, which are increasingly sprawling and crowded. Governments often struggle to provide public services, hampered variously by empty coffers, corruption, or incompetence.

There are emerging but fragile democracies in Tunisia and Libya, where dictators were overthrown in 2011. Elsewhere, militaries sometimes influence politics; Mauritania and Mali have had three military coups between them in the past decade.

Ethnic tensions have boiled over in Mali, where Tuareg rebels have complained of under-development and demanded their own state. Things took a new turn last year when Islamists capitalized on a fresh Tuareg revolt to shove the Tuareg aside and seize Mali?s north for themselves.

The crisis triggered a military coup that unseated Mali?s president, currently replaced by an interim president pending elections. Two weeks ago, a sudden Islamist advance and a distress call from Mali prompted France to launch air strikes and send in ground troops to lead a military intervention.

France, Mali, and their allies can expect a long struggle, says William Lawrence, who heads the North Africa Project for the International Crisis Group, a Brussels-based think tank. Islamist militants ?have insinuated themselves into the fabric of the northern economy and politics,? Mr. Lawrence says. ?That?s going to be hard to unravel.?

Algerian civil war?

Islamist militancy in North Africa originated largely in the Algerian civil war of the 1990?s, which pitted the government against Islamist insurgents. A breakaway group has continued to stage bombings and kidnappings, and in 2007 renamed itself Al Qaeda in the Islamic Maghreb (AQIM).

Today AQIM operates both in Algeria and northern Mali, where it does a lucrative business in kidnaps for ransom. Across the region, other groups with similar ideologies have arisen. AQIM and two other such groups are currently holding northern Mali.

Operational links to Al Qaeda?s central leadership are loose, says Lawrence. Overall, Al Qaeda today ?is not a top-down organization,? he says. ?There are branches in Yemen, the Gulf countries, North Africa, and so on. These gin up [their own] operations, which get blessed at some point.?

On the ground, militants? intents, membership, and loyalties aren?t always clear, and are subject to change. In a recent twist of Islamist soap opera, a powerful AQIM commander named Mokhtar Belmokhtar fell out with his superiors last year and set up his own group, ?The Masked Ones,? still pledging allegiance to Al Qaeda?s central leaders. (It?s unknown whether the sentiment is reciprocated.)

Mr. Belmokhtar has claimed responsibility for last week?s gas plant attack in Algeria, carried out with demands that France halt its intervention in Mali. Algerian forces gained control of the plant over the weekend, but not before at least 37 foreign hostages and one Algerian hostage had been killed, according to Algerian authorities.

As information on the attack and its victims seeped out of Algeria, British Prime Minister David Cameron called on Sunday for a ?global response.?

Gravy training

Western governments can start by avoiding past mistakes, says Mrs. Boubekeur, from the Brookings Institution. The US, for example, had poured millions of dollars into counter-terrorism training for the Malian and Algerian armies over the past decade, to mixed effect at best.

?What they didn?t realize is that for these armies, it?s only a way to get political backing ??it?s not about being efficient on the ground,? she says. Similarly, in some countries including Mali, much foreign aid cash has been milked away over the years to empower elites.

?The core issue is that this can?t only be about an anti-terrorism strategy,? Boubekeur says. ?It must be about building strong and accountable institutions.?

Lawrence, from the International Crisis Group, also stresses the need to address both Islamist militancy and the other problems that help fuel it. In this, North African governments have a crucial role to play.

?Local countries should decide what kind of response is needed,? he says. ?We?re in a saber-rattling moment, especially in Europe. That can lead to making mistakes.?

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/MeMML5k1nYs/No-terrorist-safe-haven-in-North-Africa-That-s-a-tall-order

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Infidelity In A Relationship - Save Marriage

Thursday, January 24th, 2013 at 12:10 am ?

lipstick_markIt is not uncommon for relationships to suffer from some kind of troubled times at one point or another. This is actually just part-and-parcel of being together and such problems can usually be resolved very quickly.

However, when one party in a relationship has crossed the boundary is being infidel to his or her partner, it can be very difficult for the couple to be like before. For a relationship to bounce back from an infidelity is really the hardest thing to deal with.

If you do not want to break up with your partner even after what he or she had done, there are actually ways in which you can patch things up again. But before doing that, you have to be absolutely sure that you do still love your spouse and want to remain married together. In fact, both parties have to be willing to resolve the issue before anything can be done.

What happens when one party is still mad about the infidelity and refuses to let go of the grudge, can the marriage still be fixed? I?m afraid that will be next to impossible as there will only be one party fixing the problem.

Regardless of whether both of you intend to fix the problem or otherwise, it is always best to spend some time away from each other first. That will allow both parties ample space and time to think things through carefully. Having a clear head is vital to the recovery process because you will need some careful planning first.

couple quarrelNevertheless, it is important to note that reconciliation is not likely to happen overnight or even a few days for that matter. It may not even happen until a few months later if the suffering party still cannot get over the betrayal. This is an important point to keep in mind because if you expect things to go back to normal very quickly, you are only heading for a huge disappointment.

Only when both of you feel that you have sufficient time to reconsider things and are ready to talk, should you arrange for a heart-to-heart meeting. However, if you have children, make sure they are not within earshot as such news might not be easy for them to handle.

Moreover, both of you must not be distracted when you are discussing and planning for your next step. Thus, ensure that you have a babysitter to take them out before you sit down and talk.

The first thing you should talk about is why did the infidelity take place in the first place. Find out if things could have been prevented and what part both of you play in the situation. Does he or she feel that you have been neglecting them or was it solely their lack of self control?

It is vital that you deal only with your spouse. This matter is between you and your partner so no third parties should be involved, be it a family member, friend or even the person whom your spouse had slept with. You need to know what had caused your spouse to stray and there is no point in bringing other people into the picture, that will only complicate matters.

During this first meeting with your spouse after the betrayal, you should tell him or her how you feel about the whole matter, from the day you discover the affair. It had been a difficult period and your spouse should know about the sufferings they have caused you.

After all that had happened, do you still think the marriage is worth keeping? If both of you agree that the relationship should not end, then it may be a good idea to seek professional help. A marriage counselor will be able to help both of you to work out a plan on what steps both of you should take from this point on.

Keep in mind that you should not hide your feelings and thoughts during your discussions with your spouse as well as with the marriage counselor. This will speed up the recovery process and lessen the sufferings.

Tagged with: Infidelity ? Save Marriage ? surviving infidelity

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Source: http://www.savemarriage.expertreviewslist.com/infidelity-in-a-relationship.html

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Wednesday, January 23, 2013

Band: Beyonce lip synced US anthem at inaugural

Beyonce sings the national anthem at the ceremonial swearing-in at the U.S. Capitol during the 57th Presidential Inauguration in Washington, Monday, Jan. 21, 2013. (AP Photo/Pablo Martinez Monsivais)

Beyonce sings the national anthem at the ceremonial swearing-in at the U.S. Capitol during the 57th Presidential Inauguration in Washington, Monday, Jan. 21, 2013. (AP Photo/Pablo Martinez Monsivais)

Beyonce sings the National Anthem at the ceremonial swearing-in for President Barack Obama at the U.S. Capitol during the 57th Presidential Inauguration in Washington, Monday, Jan. 21, 2013. (AP Photo/Evan Vucci)

(AP) ? Beyonce lip-synced the national anthem during her rousing performance at President Barack Obama's inauguration, according to the U.S. Marine Band.

A band spokeswoman told news outlets Tuesday that the band was notified at the last minute before the performance that Beyonce would use a pre-recorded voice track. Band members played their instruments live with no intonation problems in the chilly conditions ahead of the national anthem, the spokeswoman said.

"The entire performance was live except for the national anthem," Master Sgt. Kristin duBois told The New York Times and other outlets. "We don't know why. But that is what we were instructed to do so that is what we did. It's not because Beyonce can't sing. We all know Beyonce can sing. We all know the Marine Band can play."

All inaugural music is pre-recorded in case weather conditions or other circumstances could interrupt the program.

A representative for Beyonce did not immediately respond to requests for comment. Kelly Clarkson's representative said she sang live to perform "My Country, 'Tis of Thee."

Inaugural organizers also did not immediately respond to requests for comment on why the musical plans were changed at the last minute.

The use of a recording is typical in big events. In 2009, cellist Yo-Yo Ma was questioned about "hand-syncing" for Obama's first inauguration. Ma said instruments weren't functioning properly in 19-degree weather.

Even in good conditions, producing good sound can be a challenge in a large open space.

Some artists choose to lip-sync. Whitney Houston's memorable performance of the national anthem in 1991 at the Super Bowl was sung to a track.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-01-22-Inauguration-Beyonce%20Lip%20Sync/id-5a4960c32d3b4507a2ab52917cff36f8

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Yahoo Buys Snip.it, The Pinterest-Meets-News Startup, For $10 Million Plus Earnouts

The Snip.it teamWith Marissa Mayer at the helm, Yahoo is continuing to flex its M&A muscles, with a special focus on startups with smart teams that have made well-designed apps. The latest target: Snip.it, the San Francisco-based startup that created a web application for clipping news articles and arranging them in a visually compelling Pinterest-like format. The deal, which has been rumored to be in the works for several weeks now, was first reported this morning by AllThingsD's Liz Gannes and subsequently confirmed by both Yahoo and Snip.it this afternoon.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/cE94sPhIUBc/

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