GOP Presidents Have Been the Worst Contributors to the Federal Debt (Atlantic Politics Channel)

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Nintendo first-half loss halves compared with year earlier

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Italy bans Novartis flu vaccines pending tests

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Begin Day Trading Forex | All About Finance

Posted by Todd Watson on October 24th, 2012Rating 9.0 ?Outstanding

This is an obsession. Here is a totally open field that almost anyone can exploit. It use to be for the mega rich people, the large corporations and banks. They're trading foreign currency?s.. Can you imagine this is a 1.2 trillion dollar a day being traded. That?s 1.2 TRILLION a day. Now with the web you you can also trade the foreign currency?s. You can set up an account with as little as $300.00 up to whatever. Regular accounts generally start with $3000.00.

You're able to leverage you funds 100 to 1. SO you will be controlling 10,000.00 or one lot in currency?s for $1,000.00 and for every pip on movement you can make $100.00. With the mini account you'll control 1 tenth of rather a lot. $1000.00 for $100.00 and your pip is worth $1.00. Just so you will understand a pip is what an increment movement in a currency is. You buy it if you suspect it will go up and sell it if you believe it will go lower. Naturally there are charts and all sorts of strategies to say what is going to happen. It just takes learning the in?s and out?s, ups and downs.

There are a lot of different currency?s but here are the main ones that are traded. USA/YEN USA/Japanese GBP/USA British Pound USA/EURO USA/EU Buck is Western european USA/CHF Swiss Franc USA/CAD USA/Canadian EURO/YEN There are no commissions and no fees only narrow Dealer spreads. These spread vary dependent on the trades. Major pairs are 3 to 5 pips. You'll discover more about all of this when you start out. The smartest action to take is to begin with a demo account or what we call a paper account where you do everything as though it was real cash but it's only on paper. So you get to learn the in?s and out?s and learn how to read the charts and how to understand the elementals.

These are the world events that effect the currency?s. There are numerous different strategies. Each have their strength?s and weaknesses. They each handle different ways at looking at the charts and their movements. Desire some concepts? There are Scalping trades, surfing charts, sailing and a lot more. It?s fun and exciting, and infrequently a drag. Often you will win 100 to 500 pips. Then there are times you may lose pips too. You will never win all the time. But thats where there account management comes in. You learn how to control your risk taking.

Typically the largest sin or failure comes when you let your emotions become involved. EVEN the big shots sometimes let their feelings get embroiled. Most the time it doesn't work and will cost you. So with good account management understanding the various charts you can take $300.00 and change it into $6000.00 in 6 months or less.

Todd Watson trades in Forex, tests Binary Options and is always hunting for the next best Forex strategy.

Under Topics: day trading, finance, foreign currency, forex,

Source: http://www.vvy.in/finance/begin-day-trading-forex/43343/

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Budget carrier easyJet wins London to Moscow route

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Ex-Goldman director gets two years for insider trading

NEW YORK (Reuters) - Disgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to only two years in prison, a much lighter sentence than U.S. prosecutors had demanded, even though the federal judge who imposed it on Wednesday called his insider trading crimes "disgusting" and "a terrible breach of trust."

Gupta was also ordered to pay a $5 million fine. He was convicted in Manhattan federal court last June for leaking Goldman Sachs boardroom secrets to Raj Rajaratnam, the hedge fund manager at the center of a U.S. government crackdown on insider trading over the past four years.

Some legal experts said the sentence came as a surprise, while others said the judge struck a fine balance.

U.S. District Judge Jed Rakoff told a somber courtroom audience, including Gupta's wife and four adult daughters, that the illegal sharing of corporate secrets at the height of the 2008 financial crisis "was the functional equivalent of stabbing Goldman in the back."

Gupta, 63, gave no visible reaction to the sentence, which was given at the end of a 30-minute statement in which the judge spelled out the businessman's "extraordinary" philanthropy over decades that stood in stark contrast to his crimes.

Bill Gates, Microsoft Corp's co-founder, and former United Nations Secretary-General Kofi Annan were among 400 friends and luminaries who had written letters to the judge urging leniency.

During Gupta's trial, the court heard how Gupta had tipped off his then friend and business associate Rajaratnam between September and October of 2008. Within minutes of a conference call of members of Goldman's board on September 23, 2008, Gupta told Rajaratnam that influential investor Warren Buffett was infusing $5 billion into the investment bank. Rajaratnam traded on the information as the market was closing.

In his statement on Wednesday, the judge said the tip "was not only overwhelming, but it was disgusting in its implications ... a terrible breach of trust" at a time when Goldman Sachs was in turmoil.

But the judge also said: "I have never encountered a defendant whose past history suggests such an extraordinary devotion ... to people in need."

Rakoff ordered Gupta to begin his sentence on January 8, 2013. He denied Gupta's lawyer's bid to have him freed on bail pending an appeal, which could last as long as two years.

The former Goldman director is the most influential corporate figure to be convicted in the wide U.S. probe of insider trading involving fund managers, traders, consultants and executives. He is a former global head of the McKinsey & Co management consultancy, and once sat on the boards of Procter & Gamble Co and American Airlines as well advising philanthropies including the Bill and Melinda Gates Foundation.

Gupta's sentence was less than the eight to 10 years sought by prosecutors, but more than the punishment of probation and community service in Rwanda that Gupta's lawyers had proposal. The judge dismissed that proposal as "a kind of Peace Corps for insider traders."

The sentence was also less than some other insider trading defendants who went to trial and received four, five and even 10 years imprisonment. Rajaratnam is serving an 11-year prison sentence, one of the longest for insider trading.

Assistant U.S. Attorney Richard Tarlowe on Wednesday argued for a sentence of at least eight years, telling the court "Mr Gupta knew as much about the sanctity of these types of corporate confidences as anybody, and that's what makes it so shocking."

New York securities class action and shareholder rights lawyer Mark Rifkin said the judge "understood both sides of the argument, and the relatively light sentence he imposed balances Gupta's misuse of his position against a lifetime of good work."

But Andrew Stoltmann, an attorney and investor rights advocate based in Chicago, wondered whether Gupta's "Mother Teresa-like halo" had warranted a sentence that was "little more than a slap on the wrist."

"He had such an important role at some of these companies that it is kind of the ultimate betrayal of trust."

When Gupta took his turn to address the court, he read for six minutes from a prepared statement, using bland language that stopped short of fully admitting his conduct, but apologizing to "extraordinary institutions and outstanding people" he knows and to his family.

"I feel terrible that they have been burdened with totally undeserved negative attention. I apologize to them and ask for their forgiveness."

Federal judges have wide leeway in sentencing, and Rakoff has a reputation for veering from guidelines designed for courts in handing down punishment. Gupta had faced a maximum sentence of 20 years for securities fraud and five years for conspiracy.

Gupta's lawyer, Gary Naftalis, arguing for a lenient sentence, said his client had suffered a "fall from grace of Greek tragedy proportions."

"This was an iconic figure who had been a role model for countless people around the globe," Naftalis said. "He is no more."

The case is USA v Gupta, U.S. District Court for the Southern District of New York, No. 11-cr-907.

(Reporting by Grant McCool; Editing by Martha Graybow, Matthew Lewis, Gary Hill)

Source: http://news.yahoo.com/ex-goldman-director-gupta-awaits-sentence-insider-case-040726889--finance.html

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Hey Facebook, Twitter is testing its own ?Like? button (and changing ?favorites? to ?Stars?)

Twitter has started rolling out changes to a select number of users today, including a new ?Like? button and a rebranded ?favorite? button that the company is now calling the ?Star? button.

A sprinkling of Twitter users have posted screenshots about the new Like and Star buttons, but the company hasn?t made an official announcement about them.

The features are very similar to some of the core mechanics of Facebook, which has always encouraged its users to ?Like? and share updates from friends. My guess is that Twitter wants to put more of an emphasis on its new activities stream, which currently shows you recent people who?ve followed you, liked your Tweets, or retweeted something you said. And with more users liking and ?starring? tweets, that stream could expand to show the collective activity from everyone you follow.

The new buttons would also probably bring Twitter closer to the?improved search and discovery it?s been targeting, as VentureBeat previously reported.

We?re reaching out to Twitter for official confirmation about the new buttons and to find out when it plans to roll out this update to all users. We?ll update this post with any new information.

Via TNW

Twitter bird image via zozain greetings/Shutterstock

Source: http://venturebeat.com/2012/10/23/hey-facebook-twitter-is-testing-its-own-like-button-and-changing-favorites-to-stars/

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