Wall Street finally advanced by Lenka Filipova

Wall Street has finally finished this trembling January with a high success as investors lessen their worries about the bonds and in addition to this their optimism grew radically due to the awareness that the cuts by the Federal Reserve will actually help to improve economy.Even the Dow Jones industrials has increased by more than 200 points despite of the fact that it lost 190 points firstly. It rose to 12,650.36, that is by 1.67 percent.MBIA Inc, a bond insurer, tried to calm the whole situation down on Thursday when its chief Gary Dunton reassured investors that the company is able to maintain its AAA credit rating.According to Ryan Detrick, a strategist at Schaeffer's Investment Research in Cincinnati, it is a really sufficient relief that the Federal Reserve acted as Wall Street desired. It followed the MBIA requirements and thus it lessen all the fears if possible and existing investors.The prices of government's bond have plummeted too. The 10-years Treasury note's yield decreased form 3.63 percent to 3.59 percent on Wednesday.It has been reported by the Commerce's Department's personal consumption that there has been a continuing downturn in economy since the end of 2007. It has been mostly visible in striking news about the drop in consumer spending. It reached its weakest performance in December that is however regarded to be the most flourishing shopping season.A recovery was noticed on Thursday's stock due to gains in ruined sectors like financials and home builders. Thus the sellers of a stock "short" bet should know that their price will decline and the price of those who are pushed to engage in and buy the stock is expected to rise.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Federica Paddeu

Chris Cantell Discusses Markets: Baffling day ended in higher stocks by Lenka Filipova

Due to investors' decision to buy into a stock market, Wall Street achieved blandly better. The investors overcame the stress resulting from the gradual losses in last three days and acted directly on Thursday to finish fitful trading.As a result of former market crisis concerning the recession, there were plenty of people hoping to buy a huge amount of valuable stocks at low prices. Just before Thursday, the Dow Jones Industrial average relinquished everything it had gained in previous gains. Thus, it lost 4.26 percent, which is a drop by 543 points.Despite the fact the market finally resulted in a growth, the trading was enormously baffling because of all the declines from January, downswings in the home prices in December, and of course the disappointment of Cisco Systems Inc. performance. The most important indexes were dangling the whole day.Thanks for the slight rise in the dollar, finally after a few month decline, the investors should no longer falter and buy stocks abbot.One of the explanations to Thursday waggling is that former negative market information has raised the possibility of the Federal Reserve cutting the interest rate. As Dennis Lockhart told, the Atlanta Fed president, "the Fed's focus, religiously, is n the general, the real economy." What is more, it is recognized as seamy that the stock market gives forth economic declines rather than doing it vice versa. The investment strategy for ING Investment management Brian Gendreau explained that stocks did worse during times of slow growth than they did during recession.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Katarina Rastocna

ECB Faces The Highest Inflation Since 1994! by Milota Sidorova

According the expectations, European Central Bank (ECB) made decisions to avoid the inflation risk that threatened eurozone last month, reaching the maximum for last 14 years.European †Central Bank, established in 1998, with its headquarters in german Frankfurt is responsible for monetary policy of eurozone. Its primary task is to assure the relative price stability, briefly spoken & keep the lowest inflation index as possible. Despite of present almost 4 percent maximum, the bank initially declared the promise of only 2 percents acceptable. †Although the unemployment in 15 member state eurozone declined down to a record low of 7.2 percent, the indexes ( purchasing managers index & PMI and service index ) reached their lowest points for more than last three years. Falling retail sales and consumer sentiment imply the worries of following house loan crisis in U.S. market last September."Inflation will remain uncomfortably high for the ECB," declared Michael Hume, European economist at Lehman Brothers. He suggested that ECB was firmly on hold for the time being with the weak growth outlook compensating for those inflation figures.The current ECB president Jean-Claude Trichet at the press conference pointed out, that the wage negotiations over the eurozone could cause sustained price hikes if excessive demands were forced through.In Maccario Aurelio' s (UnicCredit Group) opinion ECB needs to elegantely step away form its rate hike threats and towards a neutral stance. Holger Schmieding suggests that this is an example of "Stagflation Lite", that is an economy term for unstable combination of stagnating activity and inflation. ECB' s establishing declaration pointed out list of other aims, such as regional monetary policy, a conduction of foreign exchange operations †and the exclusive right to authorize the issuance of euro banknotes.

related story: http://news.yahoo.com/s/afp/20080207/ts_afp/ecbeurozonebankrateforexmoney_080207131426;_ylt=AhO4kemPwkhlww66FLLnOySs0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Katarina Rastocna

Recession possible also in other countries by Martina Harvanova

The financial turmoil the United States are currently facing seems not to affect just the North-American world's leader, but its consequences touch another countries' environment as well. Not talking about developing countries such as China or India which are nowadays experiencing their welfare and boom mainly in outputs and economy, the biggest countries of the world with the greatest influence are overcoming a shaking and or possibly a slump in the economic area. Canada seems to be the next one to worry about how to forestall the recession.All the concerns about the possible recession came to the evidence last year. Before that the boom in construction was high, what ensured the expansion in providing the mortgages. But the current situation indicates that the rate of home construction started to slow down, the prices for the houses lowered. Consequently there is a need to guarantee for the mortgage with a higher value than just the house and the conditions for providing of mortgages tightened. Mortgage business belongs to one of the strongest ones in the northern continent, what is related to the life style of Americans to live in debit constantly. Indebtedness of households has rapidly grown in the recent past. While at the beginning of 90s it represented 80 per cent of their earnings, at the rise of new decade the percentage reached the figure of 100. Nowadays it's even more staggering - the indebtedness is on the level of 130 per cent. As you can see, according to the situation on the mortgage or building market, the possible scenario of the US recession seems to be really likely to happen.The only way how to solve the unpleasant situation is to force the government to take the needed steps to avert or at least to soften the recession. Hopefully, the worsening conditions in the North America won't have any deep influence on the European market.

related story: http://news.yahoo.com/s/ap/20080204/ap_on_en_tv/super_bowl_ratings;_ylt=AjHMDwnDHo4fyOzrcMR8jf2s0NUE

by Martina Harvanova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Incomes Outrun Forecasts by Jana Passova

News Corp. finish of 2007 was really successful. On Dec. 13th the company successfully joined with the Wall Street Journal and a parent of newspaper Dow Jones & Co. Management of the company sees its future optimistic. They don't expect any problems in the television advertising market. On a conference with analysts was also mentioned that pricing of entertainment and sports was holding strong constantly. There is no more fear of a recession of economic or strike by writers in Hollywood.Net income for the second quarter of 2007 was 832 million dollars, 27 cents per share compared with 2006 it means increase about 10 million dollars and 26 cents per share. These results are higher than analysts would expect. The company Î≥s income raised 9.5 % to 8.6 billion dollars. The forecast of analysts was somewhere around 8.3 billion dollars. The News Corp. is obviously doing better than expected. This is outcome of higher advertising activities at the Fox News channel and the Fox television network. Earnings by 299 million dollars brought investments in ITV. Operating income at cable networks, including sports and international channels raised to 337 million dollars. Also movie studio didn't get behind. The profit around 14 % came from the film "Alvin and the Chipmunks" and shows from own TV production. The income of the company increased Fox Interactive Media as well. They finished with 22 million dollars improvement. And also MySpace fulfilled 1 billion income target.Someone could expect that the other plans of News Corp. cover buying Yahoo. Nothing like that is going to happen. The company is not interested. In January they promised to give away free parts of the Web side of the Wall Street Journal for Web viewers. News Corp. has big plans in Europe with German pay-television broadcaster as well.

by Jana Passova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Expensive glow by Claudia Sonea

Jewelry will get more and more expensive, but look at the bright side oil and base metals fell due to a possible US recession that become more obvious after an unexpectedly sharp fall in January's ISM non-manufacturing survey. Precious metals have gotten to record hights like platinum that hit a record $1,809 a troy ounce on continuing concerns about production in South Africa, according to Tuesday reports. However, it eventually settled to $1,763 a troy ounce- slipping 1.5 per cent on profit-taking. Most of the concerns appeared after last week's electricity supply crisis in South Africa. Although power has been restored to mines, it was working only at 90 per cent of normal requirements, thus the mining companies have been unable to resume production at full capacity and the outlook for the country's platinum output remains uncertain as power supply remains an issue. On the other hand gold consolidated below $900, to $891.70 a troy ounce, after on Friday it reached $936.50. Anyway, you could skip buying jewels for now, but you desperately need gas, to get to work, to do your shopping and that is why the news that Nymex March West Texas Intermediate crude oil fell $1.35 to $88.67 a barrel while ICE March Brent lost $1.36 at $89.11 a barrel on recession fears, will really make you gasp in contempt. Furthermore, the US weekly inventories data released today is expected to show further proves of demand softening. A preliminary poll created by analysts working for Reuters said that refineries will reduce consumption for a fourth week and therefore refinery utilization will drop to 84.8 per cent. If US crude stocks are expected to rise 2.2m barrels, the distillate stocks are more likely to continue their seasonal decline with a fall of 2.1m barrels and gasoline inventories were expected to rise for a thirteenth week with an increase of 1.9m barrels. Another sector that suffered set backs was the trade in base metals due to severe winter weather and power supply disruptions. Jiangxi Copper, China's largest producer by volume, revealed that the recent snowstorms forced them to stop all production activities. Why would that be so bothering, for example Chile's Collahuasi copper mine, which produces 8.2 per cent of the country's copper, after an earthquake struck the north on Monday, continued its activity unharmed. John Hill stated that metal markets will suffer due to fears of US stock market and economy recession and the latest reports (zinc dropped 3.9 per cent to $2,372.5 a tonne; aluminium lost 1.6 per cent to $2,623.5 a tonne; and nickel eased 1.1 per cent to $26,800 a tonne) might just confirm it.

related story: http://news.yahoo.com/s/ft/20080205/bs_ft/fto020520081602316808;_ylt=AvUeS__64tMruEBd_GXqZWCs0NUE

by Claudia Sonea for SigEx Telecom (http://sigex.com)

SigEx Telecom is quickly becoming the leading telebroadcasting communications provider allowing people to easily talk, view, upload and share video clips through free online TV broadcasting, free unlimited global calls, websites, blogs, video-mails and SMS. SigEx Telecom captures many add-on services for its clients generating royalties and fees in a broad spectrum of marketing services including public relations and promotions.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.
Edited by: Katarina Bosanska

Disappointment instead of growth on Wall Street by Ivana Bruderova

Tuesday 5, 2008 began on Wall Street with terrifying news. Dov Jones Industrials recorded 370 points down which is the biggest drop for Dov Jones in almost a year. Instead of month of growth expected by analysts, the first days of February brought no positives. Some of them are talking about nail "into the coffin" from investors.The ISM's sector of activity dropped bellow 50, which is level of contraction. According Bernard Baumwohl, managing director of the Economic Outlook Group LLC , rapide decline of this sector in January showed how much some investors underestimated the real situation. Americans are spending money mainly to necessary services such as health care or transportation.Federal Reserve's last month lowering of rates also didn't mean significant change. Analysts claim lowering 1.25% came too late, because it takes several months to see the effect.It seems almost everyone on Wall Street reported losses. In the worst situation are banks including those the largest.A price of oil declined $1.61 to 88.41 a barrel on New York Mercantile Exchange. Dov Component Citigroup fell $2.17 to $27.05, Bank of America Corp. fell $1.66 to $42.37 and other large banks are in similar situation.Contrariwise, shares of entertaining corporations such as Time Warner and Disney rose from 2 to 4.8%. Dollar also rose against the other major currencies, while price gold fell.The European markets also reported declines, Britain's FTSE 100 fell 2.63 %, Gemany's Dax index fell 3.36%, Hong Kong Hang Seng index fell 0.89% , Japan's Nikkei stock and France's CAC-40 retreated too.

by Ivana Bruderova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Economic slowdown shortens U.S. Service sector by Zuzana Zelenakova

Though Federal Reserve tried to prevent USA economy from slumping into recession by cutting interest rates several times the attempt failed. It became obvious after the U.S. service sector, that means its banks, travel companies, stores and others, contracted on Tuesday for the first time in almost five years. For the investors it was bad news as they started to believe that the Fed's move saved the situation. But they figured it out and chose the safety of government backed projects. That resulted in stocks decline and bonds increase. Analysts predict January will be marked in the future as the beginning of the recession and guess how severe it will be. It does not matter whether it is moving company, clothing store, restaurant, water park or holiday resort. They have all experienced the drop in business. In particular, they were forced to cut jobs. In simple words, the U.S. economy has several problems, falling stocks market, high oil prices, stiffer competition, slow sales and lower customer demand. Ordinary citizens feel the impact too. Ryan Kaminski, 31 who owns a Mexican restaurant said the customers are fewer now and it gets worse every day. This year' sales have have fallen by 15 percent as compared to the previous year. Mr. Kaminsky said he and his family had to cut their expenses too. "We've cut out eating out and we didn't go on vacation last year. It's getting bad."

related story: http://news.yahoo.com/s/ap/20080205/ap_on_bi_ge/economy;_ylt=AkkdE5lioRkJA4iDvI9343qs0NUE

by Zuzana Zelenakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Does The Economy Growth Really Causes The Inflation Risk? by Milota Sidorova

All day long, the Wall Street waited for Fed official declaration concerning a possible recession on Wednesday.A quite controversial report came out. Despite of slow economy growth, the inflation risks have risen.September's housing crisis brought huge recession to the global market, and forced Fed to cut benchmark interest rates up to the 3 percent. Six month later, in the beginning of the year, the sluggish growth is expected to point to the planned 2.7 percent by 2009. Philadelphia Fed President Charles Plosser assures the press about clear way without complications. Follow up speech slightly admits, that the only possible risk of recession, could be the housing market.Seems logical, until the newt declaration comes out & the central bank must lower the inflation risks.According the report, The Federal reserve had left a key interest unchanged on Wednesday as the economy signaled that it was on track for a soft landing in which growth slowed enough to restrain inflation.Bob Murphy, a PhD in economics from New York University, and the author of Minerva called that a crazy idea. In his article he explains, that the only possible reason for inflation is the dollar supply. It means, not the increasing number of products, labor support is the cause of growing prices, but the Central Bank's strategy, literally, if they print out more dollars, the prizes will grow consequently with rising inflation risks.Maybe, it's good to point out the mechanism, instead of barely taking impacts.To a question of the future rate cuts, Richmond Federal Reserve Bank President Jeffrey Lacker proposed a gloomy answer. "We may cut interest rates again, we may not -- there's a lot of speculation about that," he declared.He admitted the possibility of trimming interest rates further to deal with declining output in the economy.

related story: http://news.yahoo.com/s/nm/20080206/bs_nm/usa_fed_dc;_ylt=AqTao_Qs8OvT4QqMZEy1_Qys0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Does The Economy Growth Really Causes The Inflation Risk? by Milota Sidorova

All day long, the Wall Street waited for Fed official declaration concerning a possible recession on Wednesday.A quite controversial report came out. Despite of slow economy growth, the inflation risks have risen.September's housing crisis brought huge recession to the global market, and forced Fed to cut benchmark interest rates up to the 3 percent. Six month later, in the beginning of the year, the sluggish growth is expected to point to the planned 2.7 percent by 2009. Philadelphia Fed President Charles Plosser assures the press about clear way without complications. Follow up speech slightly admits, that the only possible risk of recession, could be the housing market.Seems logical, until the newt declaration comes out & the central bank must lower the inflation risks.According the report, The Federal reserve had left a key interest unchanged on Wednesday as the economy signaled that it was on track for a soft landing in which growth slowed enough to restrain inflation.Bob Murphy, a PhD in economics from New York University, and the author of Minerva called that a crazy idea. In his article he explains, that the only possible reason for inflation is the dollar supply. It means, not the increasing number of products, labor support is the cause of growing prices, but the Central Bank's strategy, literally, if they print out more dollars, the prizes will grow consequently with rising inflation risks.Maybe, it's good to point out the mechanism, instead of barely taking impacts.To a question of the future rate cuts, Richmond Federal Reserve Bank President Jeffrey Lacker proposed a gloomy answer. "We may cut interest rates again, we may not -- there's a lot of speculation about that," he declared.He admitted the possibility of trimming interest rates further to deal with declining output in the economy.

related story: http://news.yahoo.com/s/nm/20080206/bs_nm/usa_fed_dc;_ylt=AqTao_Qs8OvT4QqMZEy1_Qys0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Still that economy! by Barbora Misakova

There is one sphere where is not important if you like America or not & economy. In economy it is not important if you like US dollar or if you use it, if you are investing your money in some American shares or if you are just watching how the situation develops. Every economic move in America is narrowly connected to us and our economy. American economy is still the most powerful economy in the world, and if there is a problem, we can expect problems too. We all know about the American Wall Street crisis this year and those who are economic experts or at least read about this topic a lot know, how difficult and long-range process it is to put the economy to the previous and healthy level. Situation on Wall Street these days is not as good as it was, but some of the indexes had increased a bit. Last week the Dow index increased 0.27 percent, the Standard & Poor's 500 index rose just 0.23 percent but Nasdaq composite index decreased 0.79 percent. All these indexes sharply decreased this year and there is no sign it is going to be better. Even Hans Olsen, chief investment officer in JPMorgan's private client services, claimed it could fall even further. Generally stock markets fall 30 percent and it depends on this year's economy if the stock indexes will rise or fall again. Some analysts say, it can even fall another 15 percent if the economy is weak. There are tree basic problems & housing market, inventories and cash-strapped consumers and with it connected inflation. The biggest problems are with housing market & existing home sales slipped by about 1 percent. Another difficulties are with inventories. They are at very high levels what is caused by very weak demand. Problems with consumers' spending and income are another problem & they both are expected to rise by 0.2 percent while the inflation presents constant problem. It seems this year won't be as trouble free as we want.

related story: http://news.yahoo.com/s/ap/20080224/ap_on_bi_ge/wall_street_week_ahead;_ylt=As4drxCVs_mvWV9SKSBFz5as0NUE

by Barbora Misakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

Expensive glow by Claudia Sonea

Jewelry will get more and more expensive, but look at the bright side oil and base metals fell due to a possible US recession that become more obvious after an unexpectedly sharp fall in January's ISM non-manufacturing survey. Precious metals have gotten to record hights like platinum that hit a record $1,809 a troy ounce on continuing concerns about production in South Africa, according to Tuesday reports. However, it eventually settled to $1,763 a troy ounce- slipping 1.5 per cent on profit-taking. Most of the concerns appeared after last week's electricity supply crisis in South Africa. Although power has been restored to mines, it was working only at 90 per cent of normal requirements, thus the mining companies have been unable to resume production at full capacity and the outlook for the country's platinum output remains uncertain as power supply remains an issue. On the other hand gold consolidated below $900, to $891.70 a troy ounce, after on Friday it reached $936.50. Anyway, you could skip buying jewels for now, but you desperately need gas, to get to work, to do your shopping and that is why the news that Nymex March West Texas Intermediate crude oil fell $1.35 to $88.67 a barrel while ICE March Brent lost $1.36 at $89.11 a barrel on recession fears, will really make you gasp in contempt. Furthermore, the US weekly inventories data released today is expected to show further proves of demand softening. A preliminary poll created by analysts working for Reuters said that refineries will reduce consumption for a fourth week and therefore refinery utilization will drop to 84.8 per cent. If US crude stocks are expected to rise 2.2m barrels, the distillate stocks are more likely to continue their seasonal decline with a fall of 2.1m barrels and gasoline inventories were expected to rise for a thirteenth week with an increase of 1.9m barrels. Another sector that suffered set backs was the trade in base metals due to severe winter weather and power supply disruptions. Jiangxi Copper, China's largest producer by volume, revealed that the recent snowstorms forced them to stop all production activities. Why would that be so bothering, for example Chile's Collahuasi copper mine, which produces 8.2 per cent of the country's copper, after an earthquake struck the north on Monday, continued its activity unharmed. John Hill stated that metal markets will suffer due to fears of US stock market and economy recession and the latest reports (zinc dropped 3.9 per cent to $2,372.5 a tonne; aluminium lost 1.6 per cent to $2,623.5 a tonne; and nickel eased 1.1 per cent to $26,800 a tonne) might just confirm it.

related story: http://news.yahoo.com/s/ft/20080205/bs_ft/fto020520081602316808;_ylt=AvUeS__64tMruEBd_GXqZWCs0NUE

by Claudia Sonea for SigEx Telecom (http://sigex.com)

SigEx Telecom is quickly becoming the leading telebroadcasting communications provider allowing people to easily talk, view, upload and share video clips through free online TV broadcasting, free unlimited global calls, websites, blogs, video-mails and SMS. SigEx Telecom captures many add-on services for its clients generating royalties and fees in a broad spectrum of marketing services including public relations and promotions.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Disappointment instead of growth on Wall Street by Ivana Bruderova

Tuesday 5, 2008 began on Wall Street with terrifying news. Dov Jones Industrials recorded 370 points down which is the biggest drop for Dov Jones in almost a year. Instead of month of growth expected by analysts, the first days of February brought no positives. Some of them are talking about nail "into the coffin" from investors.The ISM's sector of activity dropped bellow 50, which is level of contraction. According Bernard Baumwohl, managing director of the Economic Outlook Group LLC , rapide decline of this sector in January showed how much some investors underestimated the real situation. Americans are spending money mainly to necessary services such as health care or transportation.Federal Reserve's last month lowering of rates also didn't mean significant change. Analysts claim lowering 1.25% came too late, because it takes several months to see the effect.It seems almost everyone on Wall Street reported losses. In the worst situation are banks including those the largest.A price of oil declined $1.61 to 88.41 a barrel on New York Mercantile Exchange. Dov Component Citigroup fell $2.17 to $27.05, Bank of America Corp. fell $1.66 to $42.37 and other large banks are in similar situation.Contrariwise, shares of entertaining corporations such as Time Warner and Disney rose from 2 to 4.8%. Dollar also rose against the other major currencies, while price gold fell.The European markets also reported declines, Britain's FTSE 100 fell 2.63 %, Gemany's Dax index fell 3.36%, Hong Kong Hang Seng index fell 0.89% , Japan's Nikkei stock and France's CAC-40 retreated too.

by Ivana Bruderova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Economic slowdown shortens U.S. Service sector by Zuzana Zelenakova

Though Federal Reserve tried to prevent USA economy from slumping into recession by cutting interest rates several times the attempt failed. It became obvious after the U.S. service sector, that means its banks, travel companies, stores and others, contracted on Tuesday for the first time in almost five years. For the investors it was bad news as they started to believe that the Fed's move saved the situation. But they figured it out and chose the safety of government backed projects. That resulted in stocks decline and bonds increase. Analysts predict January will be marked in the future as the beginning of the recession and guess how severe it will be. It does not matter whether it is moving company, clothing store, restaurant, water park or holiday resort. They have all experienced the drop in business. In particular, they were forced to cut jobs. In simple words, the U.S. economy has several problems, falling stocks market, high oil prices, stiffer competition, slow sales and lower customer demand. Ordinary citizens feel the impact too. Ryan Kaminski, 31 who owns a Mexican restaurant said the customers are fewer now and it gets worse every day. This year' sales have have fallen by 15 percent as compared to the previous year. Mr. Kaminsky said he and his family had to cut their expenses too. "We've cut out eating out and we didn't go on vacation last year. It's getting bad."

related story: http://news.yahoo.com/s/ap/20080205/ap_on_bi_ge/economy;_ylt=AkkdE5lioRkJA4iDvI9343qs0NUE

by Zuzana Zelenakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Does The Economy Growth Really Causes The Inflation Risk? by Milota Sidorova

All day long, the Wall Street waited for Fed official declaration concerning a possible recession on Wednesday.A quite controversial report came out. Despite of slow economy growth, the inflation risks have risen.September's housing crisis brought huge recession to the global market, and forced Fed to cut benchmark interest rates up to the 3 percent. Six month later, in the beginning of the year, the sluggish growth is expected to point to the planned 2.7 percent by 2009. Philadelphia Fed President Charles Plosser assures the press about clear way without complications. Follow up speech slightly admits, that the only possible risk of recession, could be the housing market.Seems logical, until the newt declaration comes out & the central bank must lower the inflation risks.According the report, The Federal reserve had left a key interest unchanged on Wednesday as the economy signaled that it was on track for a soft landing in which growth slowed enough to restrain inflation.Bob Murphy, a PhD in economics from New York University, and the author of Minerva called that a crazy idea. In his article he explains, that the only possible reason for inflation is the dollar supply. It means, not the increasing number of products, labor support is the cause of growing prices, but the Central Bank's strategy, literally, if they print out more dollars, the prizes will grow consequently with rising inflation risks.Maybe, it's good to point out the mechanism, instead of barely taking impacts.To a question of the future rate cuts, Richmond Federal Reserve Bank President Jeffrey Lacker proposed a gloomy answer. "We may cut interest rates again, we may not -- there's a lot of speculation about that," he declared.He admitted the possibility of trimming interest rates further to deal with declining output in the economy.

related story: http://news.yahoo.com/s/nm/20080206/bs_nm/usa_fed_dc;_ylt=AqTao_Qs8OvT4QqMZEy1_Qys0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Where to? by Claudia Sonea

            The situation of markets is not at going to improve, at least that is what 16 percent of fund managers believe. Due to the fact that risk aversion among fund managers reached the highest level in more than seven years most of them neutralized their long equities, short bond strategy and get insurance in case of another sharp fall in equities over the next three months.             Merrill Lynch's latest monthly fund managers' survey showed that more than two-thirds of the asset allocators expected for the markets to deal with "stagflation" (above-trend inflation combined with below-trend growth). The protection taken against risk-averse led to a sharp rise in cash holdings, with a net 41 per cent of fund managers going for cash  (a level last seen in the aftermath of the 9/11 attacks). Everything was generated by the fears that economy will be, if it is not already, in recession. Furthermore, pessimism is generally remarked when it comes to earnings and margins, with a record of the survey participants expecting corporate profits to disappoint over the coming year.            David Bowers, independent consultant to the Merrill survey, states that global equities have become undervalued, according to participants that seem less and less interested in European equities for the first time in four years and warming to the US market. 10 per cent of fund managers would rather "overweight" the US equity market over the next 12 months and "underweight" European stocks in a global portfolio. 48 percent of fund managers believe equities were undervalued and bonds were overvalued.              They need to find something to rapport to, a catalyst and then a decision will be made and they will be able to head for a certain direction. Don't go away, fund managers are the trend setters, therefore it is crucial to know what they are doing.

related story: http://news.yahoo.com/s/ft/20080213/bs_ft/fto021320081734388187;_ylt=AmO1UTAMR_t7ZkiuJwFwzSys0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Iveta Nagyova

Aggravation of economy by Lenka Filipova

Chairman of the Federal Reserve Ben Bernanke appraised the nation's economy in pessimistic way. Even his future prognosis do not show any sign of sanguine days. He foretold that the Fed would continue in the cut-down of interest rate if the housing price decreased and credit crisis continued in malefic impact.However, Democrats reckoned the governmental effort as not sufficient enough as American people are still facing the threads of mortgages foreclosures.According to Bernanke, the overall view of economy is getting worse and worse, and unfortunately, this brings many aliasing sideways effects. Not only is economy doing badly, he also told that the financial flutter in housing market had caused notable derogation over past two years. As far as he is concerned, he does not expect any recession but rather languid rise "followed by a somewhat stronger pace of growth starting later this year". He concluded this upon the effects of the Fed's interest rate cuts and tax abatement of $168 billion.Bernanke's skeptic appraisal of economy brought about stocks rebate. The Dow Jones industrials lapsed 175.26 points at 12,376.98. The private economists judged his sense-making assessment as apparent signal of future rate cuts.Paulson, a chairman of the Securities and Exchange Commission, was forced to tell what are impending intentions concerning the trembling task of mortgage foreclosures. He admitted to continue in further encouragement of the mortgage industry to congeal rates minor mortgages for 5 years and prolong a reprieve to 30 days so that people with significant payment delay will find enough time to shape their loans in much more manageable way.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Iveta Nagyova

Bernanke discourages investors by Zuzana Zelenakova Federal Reserve Chairman Ben Bernanke stated on Monday that the current U.S. economy tendency will probably persist until later in the year. His comments have had rather significant impact on stock markets. Wall Street closed lower on Thursday. The Dow Jones industrial fell 1,40 percent, the Standard and Poor's 500 index declined by 1,34 percent and Nasdaq 1,74 percent. After several strong days on Wall Street and quite satisfying retail sales report it was not something investors were pleased to hear. Bernanke suggested that further interest rates cuts are possible. "He was more bearish on the economy than he was before," said Arthur Hogan, Jefferies & Co. market analyst. "To have the Fed come in and talk about how things could be getting worse, not better, kind of takes wind out of their sails." He was also concerned about the situation on the job market, because if the number of unemployed will soar it will inevitably affect the consumer spending and thus subsequently also economic growth. However, the Labor Department reported that the number of unemployed fell by 9,000 last week. On the other hand, the government reported that the nation's trade deficit declined by 6.9 percent to $58.8 billion and it is due to U.S. export increases. The U.S. good are cheaper now for foreign buyers, because the dollar is weak and it actually helps to prompt the economy like this. Unfortunately, higher oil prices prevent the trade deficit from narrowing further. On Thursday light, sweet crude oil rose from $2.19 to $95.46 per barrel. related story: http://news.yahoo.com/s/ap/20080214/ap_on_bi_st_ma_re/wall_street;_ylt=AhjBVSy_MxgV_tHGk0yf4C2s0NUEby Zuzana Zelenakovafor PocketNews (http://pocketnews.tv)PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.Edited by Iveta Nagyova

Federal Reserve Chairman Ben Bernanke stated on Monday that the current U.S. economy tendency will probably persist until later in the year. His comments have had rather significant impact on stock markets. Wall Street closed lower on Thursday. The Dow Jones industrial fell 1,40 percent, the Standard and Poor's 500 index declined by 1,34 percent and Nasdaq 1,74 percent.  After several strong days on Wall Street and quite satisfying retail sales report it was not something investors were pleased to hear. Bernanke suggested that further interest rates cuts are possible. "He was more bearish on the economy than he was before," said Arthur Hogan, Jefferies & Co. market analyst. "To have the Fed come in and talk about how things could be getting worse, not better, kind of takes wind out of their sails." He was also concerned about the situation on the job market, because if the number of unemployed will soar it will inevitably affect the consumer spending and thus subsequently also economic growth. However, the Labor Department reported that the number of unemployed fell by 9,000 last week. On the other hand, the government reported that the nation's trade deficit declined by 6.9 percent to $58.8 billion and it is due to U.S. export increases. The U.S. good are cheaper now for foreign buyers, because the dollar is weak and it actually helps to prompt the economy like this. Unfortunately, higher oil prices prevent the trade deficit from narrowing further. On Thursday light, sweet crude oil rose from $2.19 to $95.46 per barrel.    

related story: http://news.yahoo.com/s/ap/20080214/ap_on_bi_st_ma_re/wall_street;_ylt=AhjBVSy_MxgV_tHGk0yf4C2s0NUE

by Zuzana Zelenakova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Iveta Nagyova

Last year, the trade deficit eased by Zuzana Krskova

U.S. trade deficit dropped down in 2007 after setting records for five consecutive years.Thursday, the Commerce Department declared that the deficit declined to $711.6 billion last year, a drop of 6.2 percent. The trade deficit with China was the largest gap ever recorded with a single country. It was rising, jumping by 10.2 percent to $256.3 billion. The reason was that Chinese imports surged despite a string of high-profile recalls of tainted products."These numbers provide further evidence of China's consistent and deliberate efforts to violate our trade laws by doing everything from placing tariffs on our auto parts to misaligning their currency," said Sen. Debbie Stabenow, D-Mich. "There is no doubt, this unfair trade hurts American Businesses and hurts middle-class families."Lawmakers want to impose economic sanctions on China. They say, China is using unfair practiced like manipulating its currency to keeps its value low compare to dollar. It causes, that Chinese goods are cheaper in U.S. market and American goods are more expensive overseas.The deficit fell by 6.9 percent to $58.8 billion for December. It was unexpected plus to close out the year. Dollar decrease over past two years has helped to start strong increases in U.S. exports. Now, American goods are cheaper and more competitive in overseas markets now.The Labor Department reported the number of newly discharged workers filling claims for unemployment benefits fell by 9,000 to 348,000 last week. That was larger that it was expected by analysts.A World Trade Organization received complains from United States, European Union and Canada addressed to China's tax policies. They are claiming that China's taxes on auto imports are an unfair barrier against imports.$1.62 trillion is a number of last year's export, with an increase of 12.7 percent from 2006 with sales of American farm products, capital goods and autos and auto parts.The deficit with China is $256.3 billion, with Canada $64.2 billion, with Mexico $74.3 billion and with European Union $107.4 billion.

by Zuzana Krskova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Iveta Nagyova

Chris Cantell Discusses Markets: How To Survive by Kamila Moravcikova

Recession, or being close to recession, or something like a recession, inflation, rates, cuts, consumption, deficient consumption, crises, weak U.S. dollar, expensive oil, insufficient national output, Dow Jones index decreasing, Wall Street announcing bad news, etc. Words like those became common, you could find them in newspapers, TV news, everywhere. And now experts say that it's not only American economy that is not doing good, also the Americans feels that they are not doing good, they are not satisfied with current situation and worry about what can happen.I don't think it's such a surprise. When you are surrounded by bad news, nobody can expect you to be careless what's going on. And it's maybe even worse because of the fact that few years ago people wouldn't have imagined that they would worry about economics, about prices or being short of money. Have they done something wrong? They just wonder why yesterday it was so easy and favorable to borrow some money and today for some reason they have problems with paying their loans back. They work really hard, they got paid and they realize that their paychecks are not enough, that the prices of some products increased and only little money left to pay all the dues. And they are afraid of losing their jobs as their employers are affected by the recession or something like recession as well. Will they be able to pay for their insurance? Medical care? As millions other people all around the world, usual American doesn't understand exactly words like recession, or something like recession, inflation, consumption, etc. Unless you are an economist, it's difficult to understand all that thing called economy. And what's much more worse, maybe there's somebody who can explain to you what it's all about, but is there anybody who can explain how to survive it without any significant damage?

related story: http://news.yahoo.com/s/ap/20080217/ap_on_bi_ge/the_uneasy_economy;_ylt=Aj4xAg6nIyPlvlc87v1.kbKs0NUE

by Kamila Moravcikova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by: Katarina Bosanska

Economic plunge affecting everybody

by Martina Harvanova

The current bleak situation that has visited the United States and caused several fears about the domestic as well as global economy plunge seems to deteriorate even more than it did in recent months. †††The market that has recently overcome another stock fall is predicted to fall into wider troubles, as the Thursday's change is reported to reach a 143 points' loss in the Dow Jones industrial average. In addition, analysts claim the worst part of the recession will just occur in the following period. †Th mentioned average is in fact an index system maintained and reviewed by editors of The Wall Street Journal. Its main aim is to provide the public, investors, shareholders and other people engaged in the world of the US economy with the news of bold and heavy amendments in the business. The index adds and handles just a stock with an excellent reputation, monitors growth or decline of it in favor to †mostly give the investors the hottest information about their shares. The index serves as a measure to the entire US market covering such diverse industries as financial services, technology, retail, entertainment and consumer goods.The possibility of even deeper recession is most likely to effect exactly the markets of common consumer goods. The fears reflect the opinions and concerns of the entire public, no matter what age or social status. The impact of †the sharp loss in the stock market can't be ignored under any circumstances. For instance, the biggest loser among the 30 monitored corporations is General Motors Corp. with a fall of 4.9 per cent. The following consequences are foretold also by the company itself, as it said, "it will slash hundreds of jobs at its auto finance business." This branch isn't the only one that is up to face serious troubles. A chain of grocery supermarkets, Safeway Inc., has experienced a share's decline of 7.1 per cent, an change caused by weakening economy and high food prices.Every US citizen will face the recession, it will happen just in different measure and different ways and hopefully, the bad situation won't have an impact to the rest of the world in a large scale. However, the strongest and most unique nation ameds. Its singularity appear now in not very flattering way.

related story: http://news.yahoo.com/s/ap/20080221/ap_on_bi_st_ma_re/wall_street;_ylt=AmmZqMytKxVLJuN0QPoDGFas0NUE

by Martina Harvanova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.


Posted by: Maria Vidlickova

Economic plunge affecting everybody by Martina Harvanova

The current bleak situation that has visited the United States and caused several fears about the domestic as well as global economy plunge seems to deteriorate even more than it did in recent months. The market that has recently overcome another stock fall is predicted to fall into wider troubles, as the Thursday's change is reported to reach a 143 points' loss in the Dow Jones industrial average. In addition, analysts claim the worst part of the recession will just occur in the following period. Th mentioned average is in fact an index system maintained and reviewed by editors of The Wall Street Journal. Its main aim is to provide the public, investors, shareholders and other people engaged in the world of the US economy with the news of bold and heavy amendments in the business. The index adds and handles just a stock with an excellent reputation, monitors growth or decline of it in favor to mostly give the investors the hottest information about their shares. The index serves as a measure to the entire US market covering such diverse industries as financial services, technology, retail, entertainment and consumer goods. The possibility of even deeper recession is most likely to effect exactly the markets of common consumer goods. The fears reflect the opinions and concerns of the entire public, no matter what age or social status. The impact of the sharp loss in the stock market can't be ignored under any circumstances. For instance, the biggest loser among the 30 monitored corporations is General Motors Corp. with a fall of 4.9 per cent. The following consequences are foretold also by the company itself, as it said, "it will slash hundreds of jobs at its auto finance business." This branch isn't the only one that is up to face serious troubles. A chain of grocery supermarkets, Safeway Inc., has experienced a share's decline of 7.1 per cent, an change caused by weakening economy and high food prices. Every US citizen will face the recession, it will happen just in different measure and different ways and hopefully, the bad situation won't have an impact to the rest of the world in a large scale. However, the strongest and most unique nation ameds. Its singularity appear now in not very flattering way.

related story: http://news.yahoo.com/s/ap/20080221/ap_on_bi_st_ma_re/wall_street;_ylt=AmmZqMytKxVLJuN0QPoDGFas0NUE

by Martina Harvanova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

How To Survive by Kamila Moravcikova

Recession, or being close to recession, or something like a recession, inflation, rates, cuts, consumption, deficient consumption, crises, weak U.S. dollar, expensive oil, insufficient national output, Dow Jones index decreasing, Wall Street announcing bad news, etc. Words like those became common, you could find them in newspapers, TV news, everywhere. And now experts say that it's not only American economy that is not doing good, also the Americans feels that they are not doing good, they are not satisfied with current situation and worry about what can happen. I don't think it's such a surprise. When you are surrounded by bad news, nobody can expect you to be careless what's going on. And it's maybe even worse because of the fact that few years ago people wouldn't have imagined that they would worry about economics, about prices or being short of money. Have they done something wrong? They just wonder why yesterday it was so easy and favorable to borrow some money and today for some reason they have problems with paying their loans back. They work really hard, they got paid and they realize that their paychecks are not enough, that the prices of some products increased and only little money left to pay all the dues. And they are afraid of losing their jobs as their employers are affected by the recession or something like recession as well. Will they be able to pay for their insurance? Medical care? As millions other people all around the world, usual American doesn't understand exactly words like recession, or something like recession, inflation, consumption, etc. Unless you are an economist, it's difficult to understand all that thing called economy. And what's much more worse, maybe there's somebody who can explain to you what it's all about, but is there anybody who can explain how to survive it without any significant damage?

related story: http://news.yahoo.com/s/ap/20080217/ap_on_bi_ge/the_uneasy_economy;_ylt=Aj4xAg6nIyPlvlc87v1.kbKs0NUE

by Kamila Moravcikova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

Last year, the trade deficit eased by Zuzana Krskova

U.S. trade deficit dropped down in 2007 after setting records for five consecutive years. Thursday, the Commerce Department declared that the deficit declined to $711.6 billion last year, a drop of 6.2 percent. The trade deficit with China was the largest gap ever recorded with a single country. It was rising, jumping by 10.2 percent to $256.3 billion. The reason was that Chinese imports surged despite a string of high-profile recalls of tainted products. "These numbers provide further evidence of China's consistent and deliberate efforts to violate our trade laws by doing everything from placing tariffs on our auto parts to misaligning their currency," said Sen. Debbie Stabenow, D-Mich. "There is no doubt, this unfair trade hurts American Businesses and hurts middle-class families." Lawmakers want to impose economic sanctions on China. They say, China is using unfair practiced like manipulating its currency to keeps its value low compare to dollar. It causes, that Chinese goods are cheaper in U.S. market and American goods are more expensive overseas. The deficit fell by 6.9 percent to $58.8 billion for December. It was unexpected plus to close out the year. Dollar decrease over past two years has helped to start strong increases in U.S. exports. Now, American goods are cheaper and more competitive in overseas markets now. The Labor Department reported the number of newly discharged workers filling claims for unemployment benefits fell by 9,000 to 348,000 last week. That was larger that it was expected by analysts. A World Trade Organization received complains from United States, European Union and Canada addressed to China's tax policies. They are claiming that China's taxes on auto imports are an unfair barrier against imports. $1.62 trillion is a number of last year's export, with an increase of 12.7 percent from 2006 with sales of American farm products, capital goods and autos and auto parts. The deficit with China is $256.3 billion, with Canada $64.2 billion, with Mexico $74.3 billion and with European Union $107.4 billion.

by Zuzana Krskova for PocketNews (http://pocketnews.tv)

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Aggravation of economy by Lenka Filipova

Chairman of the Federal Reserve Ben Bernanke appraised the nation's economy in pessimistic way. Even his future prognosis do not show any sign of sanguine days. He foretold that the Fed would continue in the cut-down of interest rate if the housing price decreased and credit crisis continued in malefic impact. However, Democrats reckoned the governmental effort as not sufficient enough as American people are still facing the threads of mortgages foreclosures. According to Bernanke, the overall view of economy is getting worse and worse, and unfortunately, this brings many aliasing sideways effects. Not only is economy doing badly, he also told that the financial flutter in housing market had caused notable derogation over past two years. As far as he is concerned, he does not expect any recession but rather languid rise "followed by a somewhat stronger pace of growth starting later this year". He concluded this upon the effects of the Fed's interest rate cuts and tax abatement of $168 billion. Bernanke's skeptic appraisal of economy brought about stocks rebate. The Dow Jones industrials lapsed 175.26 points at 12,376.98. The private economists judged his sense-making assessment as apparent signal of future rate cuts. Paulson, a chairman of the Securities and Exchange Commission, was forced to tell what are impending intentions concerning the trembling task of mortgage foreclosures. He admitted to continue in further encouragement of the mortgage industry to congeal rates minor mortgages for 5 years and prolong a reprieve to 30 days so that people with significant payment delay will find enough time to shape their loans in much more manageable way.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

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Bernanke discourages investors by Zuzana Zelenakova

Federal Reserve Chairman Ben Bernanke stated on Monday that the current U.S. economy tendency will probably persist until later in the year. His comments have had rather significant impact on stock markets. Wall Street closed lower on Thursday. The Dow Jones industrial fell 1,40 percent, the Standard and Poor's 500 index declined by 1,34 percent and Nasdaq 1,74 percent. After several strong days on Wall Street and quite satisfying retail sales report it was not something investors were pleased to hear. Bernanke suggested that further interest rates cuts are possible. "He was more bearish on the economy than he was before," said Arthur Hogan, Jefferies & Co. market analyst. "To have the Fed come in and talk about how things could be getting worse, not better, kind of takes wind out of their sails." He was also concerned about the situation on the job market, because if the number of unemployed will soar it will inevitably affect the consumer spending and thus subsequently also economic growth. However, the Labor Department reported that the number of unemployed fell by 9,000 last week. On the other hand, the government reported that the nation's trade deficit declined by 6.9 percent to $58.8 billion and it is due to U.S. export increases. The U.S. good are cheaper now for foreign buyers, because the dollar is weak and it actually helps to prompt the economy like this. Unfortunately, higher oil prices prevent the trade deficit from narrowing further. On Thursday light, sweet crude oil rose from $2.19 to $95.46 per barrel.

related story: http://news.yahoo.com/s/ap/20080214/ap_on_bi_st_ma_re/wall_street;_ylt=AhjBVSy_MxgV_tHGk0yf4C2s0NUE

by Zuzana Zelenakova for PocketNews (http://pocketnews.tv)

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Where to? by Claudia Sonea

The situation of markets is not at going to improve, at least that is what 16 percent of fund managers believe. Due to the fact that risk aversion among fund managers reached the highest level in more than seven years most of them neutralized their long equities, short bond strategy and get insurance in case of another sharp fall in equities over the next three months. Merrill Lynch's latest monthly fund managers' survey showed that more than two-thirds of the asset allocators expected for the markets to deal with "stagflation" (above-trend inflation combined with below-trend growth). The protection taken against risk-averse led to a sharp rise in cash holdings, with a net 41 per cent of fund managers going for cash (a level last seen in the aftermath of the 9/11 attacks). Everything was generated by the fears that economy will be, if it is not already, in recession. Furthermore, pessimism is generally remarked when it comes to earnings and margins, with a record of the survey participants expecting corporate profits to disappoint over the coming year. David Bowers, independent consultant to the Merrill survey, states that global equities have become undervalued, according to participants that seem less and less interested in European equities for the first time in four years and warming to the US market. 10 per cent of fund managers would rather "overweight" the US equity market over the next 12 months and "underweight" European stocks in a global portfolio. 48 percent of fund managers believe equities were undervalued and bonds were overvalued. They need to find something to rapport to, a catalyst and then a decision will be made and they will be able to head for a certain direction. Don't go away, fund managers are the trend setters, therefore it is crucial to know what they are doing.

related story: http://news.yahoo.com/s/ft/20080213/bs_ft/fto021320081734388187;_ylt=AmO1UTAMR_t7ZkiuJwFwzSys0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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ECB Faces The Highest Inflation Since 1994! by Milota Sidorova

According the expectations, European Central Bank (ECB) made decisions to avoid the inflation risk that threatened eurozone last month, reaching the maximum for last 14 years. European Central Bank, established in 1998, with its headquarters in german Frankfurt is responsible for monetary policy of eurozone. Its primary task is to assure the relative price stability, briefly spoken & keep the lowest inflation index as possible. Despite of present almost 4 percent maximum, the bank initially declared the promise of only 2 percents acceptable. Although the unemployment in 15 member state eurozone declined down to a record low of 7.2 percent, the indexes ( purchasing managers index & PMI and service index ) reached their lowest points for more than last three years. Falling retail sales and consumer sentiment imply the worries of following house loan crisis in U.S. market last September. "Inflation will remain uncomfortably high for the ECB," declared Michael Hume, European economist at Lehman Brothers. He suggested that ECB was firmly on hold for the time being with the weak growth outlook compensating for those inflation figures. The current ECB president Jean-Claude Trichet at the press conference pointed out, that the wage negotiations over the eurozone could cause sustained price hikes if excessive demands were forced through. In Maccario Aurelio' s (UnicCredit Group) opinion ECB needs to elegantely step away form its rate hike threats and towards a neutral stance. Holger Schmieding suggests that this is an example of "Stagflation Lite", that is an economy term for unstable combination of stagnating activity and inflation. ECB' s establishing declaration pointed out list of other aims, such as regional monetary policy, a conduction of foreign exchange operations and the exclusive right to authorize the issuance of euro banknotes.

related story: http://news.yahoo.com/s/afp/20080207/ts_afp/ecbeurozonebankrateforexmoney_080207131426;_ylt=AhO4kemPwkhlww66FLLnOySs0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

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Baffling day ended in higher stocks by Lenka Filipova

Due to investors' decision to buy into a stock market, Wall Street achieved blandly better. The investors overcame the stress resulting from the gradual losses in last three days and acted directly on Thursday to finish fitful trading. As a result of former market crisis concerning the recession, there were plenty of people hoping to buy a huge amount of valuable stocks at low prices. Just before Thursday, the Dow Jones Industrial average relinquished everything it had gained in previous gains. Thus, it lost 4.26 percent, which is a drop by 543 points. Despite the fact the market finally resulted in a growth, the trading was enormously baffling because of all the declines from January, downswings in the home prices in December, and of course the disappointment of Cisco Systems Inc. performance. The most important indexes were dangling the whole day. Thanks for the slight rise in the dollar, finally after a few month decline, the investors should no longer falter and buy stocks abbot. One of the explanations to Thursday waggling is that former negative market information has raised the possibility of the Federal Reserve cutting the interest rate. As Dennis Lockhart told, the Atlanta Fed president, "the Fed's focus, religiously, is n the general, the real economy." What is more, it is recognized as seamy that the stock market gives forth economic declines rather than doing it vice versa. The investment strategy for ING Investment management Brian Gendreau explained that stocks did worse during times of slow growth than they did during recession.

by Lenka Filipova for PocketNews (http://pocketnews.tv)

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