| Obama, Clinton woo Hawaii Democrats
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Israel: We Pray for Victims of London Terror Attack
London's Mayor Ken Livingstone responded to today's horrific terror bombings by stating: "I want to say one thing, specifically to the world today - this was not a terrorist attack against the mighty and the powerful, it was not aimed at presidents or prime ministers, it was aimed at ordinary, working-class Londoners, black and white, Muslim and Christian ... young and old ... that isn't an ideology, it isn't even a perverted fate, it is an indiscriminate attempt at mass murder." "They seek to divide London, they seek Londoners to turn against each other ... this city of London is the greatest in the world because everybody lives side by side in harmony. Londoners will not be divided by this cowardly attack." Livingstone has long had a problematic history regarding terrorism.
Clinton and Obama address economic fears
For those voters who consider Obama as a glamorous IPO with the high-flying potential like another Google, they jump onto the bandwagon in fear that they might miss the chance to get rich quick. Who knows what eventually could turn out, just like so many fancy stocks during the dotcom craze days eventually turned into dogs and lemons in the aftermath of the dotcom meltdown. Obama might just become another Crispy Cream, which had so much anticipation and later so mcuh disappointment. .
European Stocks Recover as Bid Talk Picks Up
Barclays Wealth Research said in a monthly investment strategy report the chances of this happening had risen to close to 50:50. But it added: "However, it is looking increasingly as if any slowdown will be short-lived." "Europe cannot escape the effects of a U.S. recession, if there is one. Consequently, we expect pressure on the ECB to cut interest rates to build," it said. While Barclays said it was still too early for the European Central Bank to cut rates at its meeting on Thursday -- in-line with a Reuters poll of 83 economists -- Barclays said the ECB may well cut rates in spring. The Reuters poll showed the ECB would likely cut rates in the second quarter as inflation fears ease and follow up with another cut by year-end as an economic slowdown threatens to grip the region.
MIdget Eagles shine at scholarship tournament
Five members of the Squamish Eagles Midget hockey club did not disappoint after being chosen to represent the Greater Vancouver Canucks in an annual scholarship tournament on Saturday (Jan. 26). The Midgets joined forces with regional rivals to form the team and win the 31st annual Pacific Coast Amateur Hockey Association Midget Scholarship Tournament. The tournament is meant to promote and reward scholastic achievement and sportsmanship, and one player from each team was chosen for a $500 Vancouver Canucks Special Bursary Award. Goalie Brett Miller, forwards Oliver McQuaid and Keegan Moore, and defencemen Dylan Ackerman and Jesse Anderson represented the Squamish Eagles, which contributed more players than any other team. With their stellar play, the Canucks won the Fred "Cyclone" Taylor Memorial Cup for the first time since 1999.
Greenspan says economy on the edge of recession
Washington: Former Federal Reserve Chairman Alan Greenspan said the US economy is on the verge of its first recession in six years as falling home values hurt consumer spending. "We are clearly on the edge," Greenspan told a group of energy-industry executives on Thursday at the Cambridge Energy Research Associates' 27th annual CERAWeek conference in Houston. He reiterated comments from last month that the odds of an economic contraction are "50 per cent or better." Greenspan's view has evolved from a year ago, when he saw a one-in-three chance of a recession, citing slowing profit growth and becoming one of the first economists to warn of the risk. Now, Wall Street firms including Merrill Lynch & Co. and Goldman Sachs Group Inc. are forecasting a contraction in the aftermath of the worst housing downturn in a quarter century.
Legg Mason Partners Launches 130/30 U.S. Large Cap Equity Fund
NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- Legg Mason, Inc., a leading global asset manager, today announced that it has entered the 130/30 retail and institutional funds marketplace by launching the Legg Mason Partners 130/30 U.S. Large Cap Equity Fund. The fund is subadvised by Batterymarch Financial Management, Inc., which in 2007 introduced a 130/30 U.S. Large Cap separate-account strategy for institutional investors. The new fund will be an important product focus for Legg Mason's funds distribution arm, directed at individual investors as well as 401K and other defined contribution programs. The Legg Mason Partners 130/30 U.S. Large Cap Equity Fund, which began trading on November 8, 2007, may be appropriate for retail investors who seek additional return from active managers, want to diversify their portfolios and understand the risks and rewards associated with shorting.
Dollar marginally firmer at noon
THE Australian dollar was marginally firmer at noon as weaker than forecast retail sales and building approvals data dampened inflationary expectations and pulled the currency off its morning highs ahead of today's interest rate announcement. Still, the currency is tipped to surge to $US0.9200 in the event of a hawkish monetary policy statement from the Reserve Bank of Australia (RBA). At 12pm AEDT, the dollar was trading at $US0.9051/56, up from yesterday's close of 0.9047/52. During morning session, the domestic currency traded between a low of $US0.9054 and a high of 0.9088. The local unit was subdued after residential building approvals for December fell 16 per cent, which was much greater than market forecasts of a 3.5 per cent slump. Meanwhile, retail sales for the same period grew by a 0.5 per cent, which was less than market forecasts of 0.6 per cent, the Australian Bureau of Statistics reported.
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