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

De Blasio has questioned the Bloomberg policies that led to the creation of P-Tech, which is lauded by President Obama. 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

Sent! A link has been sent to your friend’s email address. 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.
Source: http://www.usatoday.com/story/theoval/2013/10/27/obama-susan-rice-middle-east-new-york-times-interview/3280451/

“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. He joined the Post in 2010.
Source: http://www.washingtonpost.com/blogs/post-politics/wp/2013/10/27/peter-king-obama-should-stop-apologizing-for-nsa/

Obama to talk health care law Wednesday in Boston

And, while growing signs of impatience with North Korea have been welcomed as a harbinger of an eventual policy shift, fresh thinking in China has not been sufficient to forestall US efforts to step up military cooperation with South Korea and Japan. But perhaps China does not need to do anything to change US policy again. Since Obamas re-election, there appears to have been a pivot away from the pivot, towards something that can be described only as retro. US Secretary of State John Kerrys effort to jumpstart the Arab-Israel peace process was a laudable initiative. But, if the Arab Spring has taught us anything, it is that the Middle Easts real fault lines have little to do with Israel and much to do with the Arab worlds deepening secularist-Islamist divide and growing sectarian struggle between Shiites and Sunnis. Israel is but a small part of this overall pattern.
Source: http://gulfnews.com/opinions/columnists/obama-much-vaunted-asia-pivot-runs-out-of-steam-1.1247835

Mitt Romney in 2006 signed the Massachusetts health care reform into law. Obama on Wednesday is expected to discuss the ongoing efforts to fix the link problems plaguing the HealthCare.gov website, the official said. The administration has touted Massachusetts’ health care law as the model for the Affordable Care Act. Officials point to that state’s experience showing how many consumers sign up for insurance only as a deadline approaches. They point out that today, 97% of Massachusetts residents have insurance. Also this week, administration officials and Cabinet secretaries will continue a series of appearances across the country to push enrollment in 10 areas with the highest rates of the uninsured.
Source: http://www.kcci.com/news/health/health-care-reform/obama-to-talk-health-care-law-wednesday-in-boston/-/21920556/22657294/-/nx6egtz/-/index.html

Uk Gold Exports To Switzerland Surge As Investors Sell Etfs

Through the end of September, the two ETFs were neck and neck with inflows, each taking in about $3.7 billion. To help expand the Core ETFs, BlackRock also doubled down on its distribution partnership with Fidelity Investments in March. Rawson said. Since the introduction of the Core series in October 2012, its market share has essentially been flat, falling only 0.05% a month, according to Morningstar. The Core products are great, but quite frankly, I don’t feel they are a better long-term option than other products already available, said James Osborne, president of financial planning firm Bason Asset Management, who primarily uses Vanguard ETFs. The primary goal of the Core series is to capture the increasing number of buy-and-hold investors discovering ETFs, said BlackRock spokeswoman Christine Hudacko.
Source: http://www.investmentnews.com/article/20131020/REG/310209984

We see this fund as potentially being part of a core holding in a portfolio. The index includes companies such as Air Products and Chemicals Inc. (APD), Dover Corp. (DOV), Emerson Electric Co. (EMR), McGraw Hill Financial Inc.
Source: http://www.investmentnews.com/article/20131020/REG/310209998

We have two emails per day – London and New York headlines (sent at approx 6am and 12pm GMT). Pretty much everything you need to know about beyondbrics is in our About this site page. But briefly: There is an overall beyondbrics RSS feed , as well as feeds for all our countries, tags and authors. Learn more in our full RSS guide . All posts are published in UK time. Get in touch with us – your comments, advice and even complaints.
Source: http://blogs.ft.com/beyond-brics/2013/10/18/newplat-etf-big-in-s-africa-but-price-takes-a-bruising/

At the beginning of the year, Italian stocks had a cyclically-adjusted price-to-earnings (P/E) ratio (CAPE) of 8.4, well under the historic average of 21.8 for that market. The CAPE uses an average of earnings over a business cycle. It is less prone to large swings because it uses several years’ worth of earnings data. This indicator was popularized by Yale professor Robert Shiller, who demonstrated that CAPE can be used to develop long-term market forecasts.
Source: http://finance.yahoo.com/news/no-1-ranked-international-etf-023000038.html

Buying in Asia shot higher in the second quarter of the year after a sharp drop in gold prices, which spurred consumer demand. Given the outflows from ETPs, strong demand in Asia and refining capacity in Switzerland, it is possible the metal is headed for Asia through Switzerland, Barclays Capital analyst Suki Cooper said. Investors are dumping gold due to fears that a withdrawal of US monetary stimulus measures will ease fears over soaring inflation and take pressure off long-term interest rates, lifting the opportunity cost of holding non-yielding gold. Rising prices of stocks and other assets have also been offering investors better alternative investments to http://www.etftradingsignals.com gold, analysts say.
Source: http://main.omanobserver.om/?p=22877

Stock Market Off To A Mixed Start As Debt Talks Continue In Washington; Wells, Jpmorgan Report

More than 14.3 million Tweeter shares, representing less than $1 million, traded in the most activity the stock has seen since 2007, according to Bloomberg News . The stock is traded over the counter and not on an exchange. Finra halted trading in Tweeters stock on Friday, citing widespread misunderstanding. Trading resumed early Tuesday, and the stock promptly plunged — from about a nickel a share to about a penny. Tweeters stock was down $0.037, or 73%, to $0.014 on Tuesday. It’s unclear who may have made and lost money on the short-lived rally. According to securities filings, Tweeter’s top two shareholders were Weston Presidio, a private equity firm with offices in San Francisco and Boston; and Samuel Bloomberg, who was the company’s chairman.
Source: http://www.latimes.com/business/money/la-fi-mo-twitter-tweeter-stock-market-confusion-20131008,0,7496169.story

Billy Hayes, general secretary of the Communication Workers Union, described the sale as “a tragedy” and said that despite the free shares for employees, a ballot next week was likely to back industrial action. “Vince Cable, one of the cleverest men in British politics, has made one of the stupidest decisions he is ever likely to make as a politician,” he told the BBC. SHARE 12 CONNECT 23 TWEET 1 COMMENTEMAILMORE Copyright 2013 The Associated Press. All rights reserved.
Source: http://www.usatoday.com/story/money/markets/2013/10/11/uk-royal-mail-stock-market-debut/2964973/

Is Q4 Stock Market Volatility Over?

Yet ever since its spin-off from Cadbury Schweppes five years ago, Dr. Pepper Snapple Group (NYSE: DPS ) has outperformed PepsiCo (NYSE: PEP ) and Coca-Cola (NYSE: KO ) , despite being an underdog. Dr. Pepper Snapple Group has a market valuation of $8.8 billion. This is much smaller than its mammoth rivals Pepsi at $122.8 billion and Coca-Cola at $164.9 billion. Valuation measures also suggest that Dr.Pepper is undervalued in comparison to its competitors.
Source: http://www.fool.com/investing/general/2013/10/10/let-the-stock-market-decide-your-favourite-soft-dr.aspx

10, 2013. World stock markets were boosted Friday Oct. 11, 2013 by a glimmer of progress in resolving the U.S. budget row that has threatened to leave the U.S.
Source: http://www.washingtonpost.com/business/stock-market-off-to-a-mixed-start-as-debt-talks-continue-in-washington-wells-jpmorgan-report/2013/10/11/59236c1a-327c-11e3-ad00-ec4c6b31cbed_story.html

Turns out the stock market rises when catastrophic debt default is off the table

The pace of companies reporting third-quarter earnings is also picking up this week, giving investors better insight into how corporate America is doing. Yum Brands, the owner of KFC, Taco Bell and Pizza Hut, was the biggest decliner in the S&P 500 index after its earnings fell short of Wall Street’s expectations. The discount retailer Family Dollar also slumped after giving hot buy in april a cautious earnings forecast for next year. “It looks like there has been some disappointment in the early earnings already,” said Colleen Supran, a principal at San Francisco-based Bingham, Osborn & Scarborough, an investment adviser and asset management company. Yum Brands slumped $4.82, or 6.8 percent, to $66.48.
Source: http://www.masslive.com/business-news/index.ssf/2013/10/stock_market_ends_mostly_higher_with_sig.html

Stock market ends mostly higher with signs of compromise on government debt limit

This is the Standard & Poor’s 500 index for the last three days: It turns out, taking the threat of exploding the entire economy off the table is really good for the stock market. Who knew? Neil Irwin is a Washington Post columnist and the economics editor of Wonkblog. Each weekday morning his Econ Agenda column reports and explains the latest trends in economics, finance, and the policies that shape both.
Source: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/10/turns-out-the-stock-market-rises-when-catastrophic-debt-default-is-off-the-table/

SFX Entertainment misses beat in stock market debut

(Christopher Polk / Getty Images / September 29, 2013) Also By Ryan Faughnder October 9, 2013, 2:29 p.m. There wasn’t much to rave about on the first day of trading for electronic dance music promoter SFX Entertainment Inc. Sillerman, fell $1.11, or 8.5%, to $11.89 on Wednesday, after its initial public offering. The New York company sold 20 million shares at $13 a share, at the high end of its proposed range, raising $260 million in its IPO. PHOTOS: Hollywood Backlot moments The company, which puts on festivals and events including Tomorrowland, Sensation and Mysteryland, plans to use the money for acquisitions. SFX is in the process of completing four acquisitions, including a 70% stake in Made Event, which owns and produces the Electric Zoo Festival. SFX’s pro forma sales, which count revenue from planned acquisitions, was $238.6million in 2012, while its net loss was about $68 million.Sillerman is tapping into a market for electronic dance music that the company says will grow to $4.5 billion this year, citing the International Music Summit Business Report. SFX competes with Live Nation , which has been building its presence in the growing electronic dance music market. “The IPO was designed to give SFX the financial muscle to outbid Live Nation when trying to acquire major producers and promoters of live events,”said Sam Hamadeh, the founder and chief executive of PrivCo, in an email.”SFX’s weak IPO reception will impact SFX’s ability to use its hobbled stock to buy more music festival and other live events companies.” PHOTOS: Celebrities by The Times Sillerman, SFX’s chief executive and chairman, was responsible for the combining of the businesses that became Live Nation . UBS Investment Bank, Jefferies and Deutsche Bank Securities led SFX’s IPO. The shares trade on the Nasdaq stock exchange under the symbol SFXE. ALSO:
Source: http://www.latimes.com/entertainment/envelope/cotown/la-et-ct-sfx-entertainment-ipo-20131009,0,2993750.story

Again looking at the table, the first standard deviation of the VIX’s price for each of the twelve months ranges between $5 and $12, October and November are the only two that reach the double digits. This means that volatility of the VIX in October and November is the highest of any of the other months. December is a close third, also producing well above average volatility. Noteworthy as well and highlighted in yellow is the average VIX price in October and November. At over $22 versus an average closer to $20 over all the months, this shows that the monthly volatility is typically skewed toward the upside instead of the downside during these two months and also shows that October and November have historically had the most “fear” by market participants. The most recent VIX rally of the past two weeks didn’t even send volatility to its normal October reading of $23.30, barely even reaching into the $20s. For comparisons sake and to draw from a recent analysis I did comparing the 2011 debt ceiling debates to today, the VIX skyrocketed in 2011 to over $40 as it looked like a deal was not going to come out of Washington. History suggests that the volatility of the past few weeks may just be starting as the 4Q kicks off. Ways to Take AdvantageThe VIX table above was first provided to ETFguide.com readers on 9/26 in an article I wrote entitled, “Calm Q4 Ahead for Stocks?” when the VIX was trading around $14 and it was suggested to buy the VIX for an expected pickup in volatility.
Source: http://finance.yahoo.com/news/q4-stock-market-volatility-over-205738288.html

Paying Off Student Loans But Sallie Mae Reports Late

This fall, she and her daughter, Paige, are both adding debt to help pay for Paige’s freshman year at Saginaw Valley State University. “I owe about 40K, and now here I am having to borrow money to pay for my daughter’s education,” said Erica Murphy, a Taylor resident. “There should be a better, more affordable way to finance an education.” That’s the feeling of many who feel trapped into borrowing money by ever increasing college costs. “The price of tuition at big public schools is outrageous, and the price of books keeps climbing into the stratosphere,” said Will Huff, a graduate student at Arkansas Tech University. “I think the USA should find a way to lower the price of education, and by no means should the government profit off of the students.” The debt can be crippling to young graduates, keeping them from renting apartments, buying cars and beginning their professional lives, many said. Having a portion of that debt being tied to federal government profits is frustrating, they said.
Source: http://www.usatoday.com/story/news/nation/2013/08/25/student-loan-rates-will-feed-fed-profits/2696241/

“The borrowers are not in default because they want to be. We try to offer them solutions that make sense to them.” Perry said that those in debt are often looking for a way to get back in good standing. The collectors at Progressive serve as counselors to help them develop a payback plan, he said. Progressive collects on Perkins Loans, offered by the U.S. Department of Education, Stafford Loans, which are government guaranteed, and other loans.
Source: http://www.courant.com/news/aan-no-business-like-student-loan-business-four-companies-in-aberdeen-process-collect-loans-20131006,0,2468090.story

Suze Orman takes on the student loan view site… crisis

in Washington. Many student-loan borrowers who file for bankruptcy are hit by a problem: When they emerge from Chapter 13, their credit-card and medical debt is wiped clean, but their student-loan burden remainsand in many cases it has grown. The Wall Street Journal reported Tuesday that many people who file for Chapter 13 bankruptcy are restricted from making full monthly payments on their student loans during the cases three-to-five-year repayment period because of the U.S. 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.
Source: http://blogs.wsj.com/bankruptcy/2013/10/01/how-bankruptcy-can-send-your-student-loans-soaring/

Obama administration to begin new student loan outreach

There are some other lenders out there but essentially you’d be converting a federal loan with all the benefits into a private loan. With you having the ability to pay off the loans and being so close to eliminating them, I don’t think jumping to another lender makes sense. In the interest of life simplicity and and one less thing to worry about I’d payoff the loan as you plan and then circle back to deal administratively with the erroneous payment reporting if it appears on your credit report. The bigger issue here is if any payments were missed being applied correctly in the transfer and that’s what has caused the incorrect late payment reporting. I would hate to assume it’s just an oversight on Sallie Mae and miss a real missing payment.
Source: http://www.huffingtonpost.com/steve-rhode/paying-off-student-loans_b_4057647.html

How Bankruptcy Can Send Your Student Loans Soaring

Nasser says she might want to apply for a repayment or forgiveness program but doesn’t have the “slightest clue” where to start. “Especially if you are a first-generation student, you don’t ever go through a workshop that explains to you, this is how you are going to pay for college,” she says. By being proactive instead of reactive, the Department of Education hopes to help struggling students avoid defaulting or paying more than is necessary. Mayotte just hopes the e-mails and phone calls don’t get lost in transmission. “Borrowers that are past due get a ton of phone calls and they get a ton of mail, and a lot of the time they don’t answer the phone and they don’t open the mail,” Mayotte says.
Source: http://www.usatoday.com/story/news/nation/2013/09/27/student-loan-outreach-obama/2884389/

Recent reports show that Americans owe $1 trillion in student loan debt , that’s about $200 million more than they owe in credit card debt. The story worsens when you factor in interest rates and ramifications for not paying on school debt. “It’s a real travesty what is going on in our country with student loans and our children,” stressed Orman. “Students are paying more in interest on student loans than what they pay for a car or a mortgage, and those loans (auto and mortgages) can be discharged in bankruptcy,” said Orman. Unlike with most debts, the current federal law states that student loans cannot be dissolved or written off in a bankruptcy. This is a point of contention for Orman, who said “I couldn’t agree with Sen.
Source: http://www.cnbc.com/id/101085130

Trading In Junk Bonds Declines Most Since 2008: Credit Markets

The company has more than 90,000 agents and 6,300 offices around the world, but gets the bulk of its revenue from the U.S. In 2012, the company reported net income of $18 million on revenue of $143.7 million. Re/Max is one of several real estate-related companies to go public recently. Realogy Holdings, which operates real estate brokerages under brands like Century 21, Coldwell Banker and Sotheby’s International Realty, debuted in October. Real estate website operator Trulia Inc. went public in September and online real estate information company Zillow Inc.
Source: http://www.jsonline.com/business/national/remax-surges-in-1st-day-of-trading-on-the-nysee47a68ca42fc4e9080a0451160144999-226139181.html

RE/MAX Begins Trading on NYSE After IPO

Company executives includingChairman and Co-Founder Dave Liniger, Vice Chair and Co-Founder Gail Liniger, and Chief Executive Officer Margaret Kelly visited the trading floor towitness the stock opening. Source: RE/MAX Holdings. Noting the company’s 40-year history, Kelly said, “From just a single office in Denver, we’ve grown into a global real estate brand. And today, we’re proud to enter a new era of RE/MAX history as a publicly traded company.” The real estate brokerage filed its plans to go public back in August.
Source: http://www.fool.com/investing/general/2013/10/02/remax-begins-trading-on-nyse-after-ipo.aspx

It also gathers data on orders that are modified, canceled or filled. White said in April that the SEC needed to bring a sense of urgency to answering whether high-frequency trading, dark pools and the proliferation of complex order types harm retail investors or create an uneven playing field. Since then White has grappled with technology failures, including the Aug. 22 malfunction of Nasdaqs price feed that caused it to call a three-hour trading halt in thousands of stocks. White met with the chief executive officers of U.S.
Source: http://www.bloomberg.com/news/2013-10-02/sec-to-transform-high-speed-trading-debate-with-data-white-says.html

People were complacent. Credit Benchmarks Elsewhere in credit markets, IntercontinentalExchange Inc., best performing etfs the energy and commodity futures bourse that agreed to buy NYSE Euronext for $8.2 billion, plans to sell $1.2 billion of bonds to help finance the acquisition. The cost to protect against losses on U.S. corporate bonds fell as investors speculated the economic effects of the partial government shutdown will be limited. The Markit CDX North American Investment Grade Index, a credit-default swaps benchmark that investors use to hedge against losses or to speculate on creditworthiness, fell 1.7 basis points to 80.2 basis points as of 12:06 p.m. in New York , according to prices compiled by Bloomberg.
Source: http://www.bloomberg.com/news/2013-10-01/trading-in-junk-bonds-declines-most-since-2008-credit-markets.html