Sunday, December 2, 2012

Obama cranks up "fiscal cliff" pressure, Boehner says talks stalemated (reuters)

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Source: http://www.artstorm.biz/469-operating-a-web-site-with-joomla.html

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Source: http://lawson84.typepad.com/blog/2012/12/operating-a-web-site-with-joomla-graphic-of-business.html

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Year-End Investing: Risk On vs. Risk Off | Breakout - Yahoo! Finance

Pop Quiz: What do the Biotech (XBI), Consumer Discretionary (XLY) and Financial (XLF) sectors have in common?

Answer: 1) They are all high-beta, and 2) Paul Schatz, president of Heritage Capital thinks you should own all three groups.

First a definition then we'll get to Mr. Schatz's explanation. Beta is a measure of stock or sector's price movement relative to the stock market as a whole. High-beta stocks typically move in the same direction as the market only more so. In a falling market investors want to sell beta, in a rising market the opposite is true. Being long beta is tantamount to being in a "risk-on" posture.

By inference Schatz thinks the market is poised to go higher, but there's a catch.

"To me we're in a rental period," he explains in the attached video. "I'm not into owning any of these names or sectors or the market."

Related: Don't Bet Against a Santa Claus Rally: Detrick

The key words are "rent" and "own." Like so many grinding their way through the last few years, Schatz has found that the best opportunities involve playing the emotions on the Street rather than a pure fundamental approach. It's not that Schatz is a gun-slinging trader. He's just pragmatic.

Schatz's outlook over the near term is higher but the magnitude of the rally depends on the nature of the move. He has two scenarios. His most bullish take is that the current rally is on its last legs leaving us poised to revisit November lows. If so, investor skepticism will lead to a 2 - 4 month rally that could see the S&P 500 top out somewhere over 1,500, if not more.

Related: Seller's Remorse Will Drive Stocks Higher Through Year End: Kilburg

Should the market not see any pullbacks and the current rally extends 2 - 4% higher from current levels, Schatz sees nothing less than a collapse to below the lows of last June sometime in the first quarter of 2013. Such a scenario means stocks would drop 10% before it's worth nibbling on the long side for the long or short term.

As for things Schatz would hang onto for longer than 4 - 6 weeks, he says one of his biggest positions remains long-term U.S. Treasuries (TLT). As screwed up as the country may seem, owning our debt remains as "risk-off" as you can get.

Source: http://finance.yahoo.com/blogs/breakout/end-investing-risk-vs-risk-off-153530380.html

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Saturday, December 1, 2012

New iMac Teardown - Business Insider

Summary

iFixit is a private company located in San Luis Obispo, California. The company runs a website, ifixit.com, which sells products for repairing Apple products and publishes guides for taking apart and repairing a variety of... More ?

Source: http://www.businessinsider.com/new-imac-teardown-2012-12

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Mixed Reports As Sports Providers Visit Rec Board

By Ron Bukley at November 30, 2012 | 12:05 am | Print

Mixed Reports As Sports Providers Visit Rec Board

Some Royal Palm Beach youth sports are flourishing, while others are still recovering from economic challenges that had parents cutting back on participation, according to providers who spoke at the Nov. 19 meeting of the Royal Palm Beach Recreation Advisory Board.

The most positive outlook came from Mal Hasan, president of Royal Palm Beach Youth Soccer, who said the league had just completed its fall season with a record number of participants.

?Normally, we would offer a recreational and competitive program. This season, we introduced an all-star program for our rec members,? Hasan reported. ?From the under-10 through under-18 teams, we were able to put together nine all-star teams, a boys and girls team for each age group, [and] an extra girls team in the under-18 group because there was such high demand and so much talent.?

In addition to the regular recreation season, these kids met as an all-star team once or twice a week to practice. ?We decided that at some point during the season, we would send these kids off to participate in a recreation tournament somewhere else in the state,? Hasan said.

The tournament they located was in Cocoa Beach, where seven of the nine teams participated in the finals and five won the championship. ?I think that speaks volumes for the recreation program itself, and if we were able to do that pretty much in a trial run, we really look forward to the upcoming season,? he said.

The past season had 473 members in the recreational program, and 34 in the competitive program. Hasan, who also coaches the Royal Palm Beach High School boys soccer team, said the league is developing a feeder program that will help players develop their skills.

?We would like our recreation program to be the feeder system for the program as a whole, as opposed to these other clubs that go around recruiting from city to city bringing in teams from other clubs,? he explained.

Hasan anticipates the spring registration to top 500. ?I?ll be a little disappointed if that?s not the case,? he said. ?Everybody is very excited after this fall season.?

Royal Palm Beach Youth Soccer?s spring season will tentatively start with practice on Feb. 18 and the first games on March 2. It will run until the end of May.

In other soccer news, Hasan noted that the Palm Beach Soccer League has asked RPB to host the playoffs for its competitive program, which features more than 60 teams in a single-elimination tournament.

?That?s something we hope to continue to do,? he said. ?The village has been very supportive of them, plus, we would like to think down the line in possibly hosting our own tournament, which would help generate additional revenue for the village and for our program.?

In summary, Hasan said the future looks bright for soccer in Royal Palm Beach. ?We have a really neat situation here in that we have all these kids starting in this program at 4 years old,? he said. ?We have a middle school coach here at Crestwood who?s involved with our recreation program, so we start them here, we send them to somebody in middle school who?s still part of us, and from middle school they go to the high school where I am the boys? coach.?

Parks & Recreation Director Lou Recchio added that the village has been working on taking over the multipurpose fields at Seminole Palms Park. This will add the flexibility of additional field space, allowing the village to host larger sporting events.

Tedd Kenny, president of the Youth Baseball Association of Royal Palm Beach, said his program has been undergoing a transition.

Kenny has been involved in local youth baseball for about 18 years and took over as president of the program last January. ?We?re trying to build the program back up to what it used to be just a few years ago,? he said.

The league recently finished its fall season. ?Things went fairly well,? Kenny said. ?Fall is an instructional season, focusing more on the kids who are moving from a younger age group to an older age group. The spring is when we have the competitive season that leads into all-stars and travel.?

Membership is up from fall 2011, when registrants totaled 272, compared with 295 for the season just completed. The program has 210 residents and 85 non-residents. Spring registration was also up, rising to 325 from 305 a year earlier, which Kenny attributed partly to adjusting prices to be more competitive with other leagues and focusing more on fun and learning.

?At some point there had been some focus on travel ball, and not really on recreational baseball and teaching the fundamentals,? he said, adding that the league does have five travel teams, accounting for an additional 60 youth who play outside the recreational league.

Registration for 2013 is now open, and Kenny anticipates tryouts in late January with the season opening Feb. 23. He expected registration to be about 350.

Royal Palm Beach Wildcats Football League President Mike Wallace said the league plays under Pop Warner Football League rules.

?We don?t make up things as we go. A lot of the rec football programs in Palm Beach County do that,? he said, pointing out that weight divisions are standard across the nation. ?Those rules are made by Pop Warner national up in Pennsylvania.?

The enrollment numbers were down to 211 in 2012 from 265 in 2011. ?Speaking with some of the other programs in the Treasure Coast Football Conference, they all had reductions also,? Wallace said. ?They kind of chalked it up to money and finances and the economy.?

The cheer program in 2011 had 115 girls. This year it ended at 67 after starting the season with 85. The league had three cheer teams, two of which were competitive and did well. The oldest group placed second in local competition, which sent them to Orlando last month for regional competition.

Football had eight teams this past season, down from 10 the previous season.

Most of the board members are new, and the league was left with outstanding bills from the previous year, but managed to finish with a balanced budget, Wallace said.

One of the things that he likes about Pop Warner Football is that the players also have to do well in school, he said. ?You have to show your coach your report card,? Wallace said. ?We?re one of the few sports programs that do that.?

Of the 278 kids in the program the past year, 24 were scholastic All-Americans, he noted.

News Royal Palm Beach

Source: http://gotowncrier.com/2012/11/mixed-reports-as-sports-providers-update-rpb-rec-board/

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World Maritime News - IMO: 2011 International Maritime Prize ...

IMO - 2011 International Maritime Prize Awarded to Former Secretary-General

Mr. E.E. Mitropoulos, Secretary-General Emeritus of IMO, Secretary-General of the Organization from 2004 to 2011, has been awarded the prestigious International Maritime Prize, for his significant contribution to the work of IMO.

IMO Secretary-General Mr. Koji Sekimizu presented the award, a sculpture in the form of a dolphin, to Mr. Mitropoulos, during a special ceremony at IMO Headquarters (on Tuesday, 27 November 2012), on the second day of the Maritime Safety Committee (MSC), 91st session.

Mr. Mitropoulos was nominated for the prize by the Government of Greece and has been recognized for his outstanding contribution to the purposes and functions of IMO during his long and distinguished career with the Organization, culminating in his eight-year stewardship as Secretary-General.

His notable achievements include:

? his commitment to the promotion of IMO as the only organization for the development and adoption of global maritime standards;

? his support for and encouragement of the effective participation in the Organization?s work by all sectors of the shipping and related industries and organizations representing civil society interests;

? his support for the Organization?s technical co-operation programme, which has better enabled developing States to adopt, implement and enforce the Organization?s instruments;

? his dedication to strengthening the governance and capacity of the Organization?s educational institutions, which have become firmly established global providers of high quality, advanced maritime training and education;

? his advocacy and foresight in working towards the establishment of a mandatory scheme for auditing member States? maritime administrations;

? his leadership in the wide and effective implementation of the 1979 Maritime Search and Rescue Convention and his tireless efforts to promote the establishment of the Global SAR Plan;

? his unstinting efforts to enhance environmental awareness and responsibility among all stakeholders and, in particular, to develop and adopt major amendments to existing IMO environmental treaty instruments;

? his success in instituting an international Award for Exceptional Bravery at Sea and the holding of parallel World Maritime Day events around the world;

? his success in rallying the global maritime community in support of seafarers through the launching of the ?Go to Sea!? campaign in 2009 and the denomination of 2010 as the international ?Year of the Seafarer?;

? his resolve to gain global support from all relevant stakeholders in response to the threat of piracy and armed robbery against ships;

? his humanitarian support for individuals and developing countries through, among other things, using his good offices to promote the release of detained seafarers and the establishment of funds to support the south east Asian tsunami victims and those of the Haiti earthquake;

? his determination and drive in establishing regional Maritime Rescue Coordination Centres and Sub-Centres along the coast of Africa; and

? his unstinting support for the advancement of women in the maritime sector,

International Maritime Prize

The International Maritime Prize is awarded annually by IMO to the individual or organization judged to have made the most significant contribution to the work and objectives of IMO.

Portrait of Mr. Mitropoulos unveiled

Also on Tuesday, a portrait of Mr. Mitropoulos was unveiled.

The painting, by marine artist Robert Lloyd, will be hung alongside the portraits of other former Secretaries-General of the Organization, at IMO Headquarters in London.

Mr. Efthimios Mitropoulos

Efthimios (Thimio) E. Mitropoulos was born in Piraeus, Greece, to a maritime family. He graduated from the Aspropyrgos Merchant Marine Academy in 1959.

Between 1959 and 1962, he served as apprentice, second and chief deck officer on merchant ships on voyages around the world and, in 1962, he entered the Hellenic Coast Guard Academy, graduating in 1964.

He then started his career as a commissioned Coast Guard Officer in Corfu, first and Piraeus, later. He retired with the rank of Rear Admiral.

During his service with the Greek Maritime Administration, he participated at meetings of the International Labour Organization (ILO), United Nations Conference on Trade and Development (UNCTAD), Organization for Economic Co-operation and Development (OECD) and the Consultative Shipping Group, while his association with IMO goes back to 1965, when he first represented Greece at the meeting of the Sub-Committee on Fire Protection in December of that year.

Between 1966 and 1977, he participated, initially as a member and later as Head of the Greek Delegation, in the work of various Sub-Committees and the Maritime Safety Committee of IMO (which he served also as vice-chairman and chairman of working groups). He also participated in the work of the Council and the Assembly as well as at the 1972 Collision Regulations and 1974 Safety of Life at Sea Conferences convened by IMO. He attended the Third United Nations Conference on the Law of the Sea (1975-1977) as the representative of the Greek Ministry of Mercantile Marine at the multi-ministerial Greek delegation.

Between 1967 and 1972, he laid the foundations for the establishment of what has now become Greece?s Joint Maritime and Aeronautical Search and Rescue Centre.

Between 1972 and 1976, he regularly lectured at the Hellenic Coast Guard Academy and the Greek Master Mariners? Centre of Superior Studies on shipping economics and policy and maritime safety/safety of navigation subjects, respectively.

Between 1977 and 1979, he was Harbour Master of Corfu, with responsibility for the sea area surrounding Corfu and all the nearby Greek islands.

He joined IMO in January 1979 as Implementation Officer in the Maritime Safety Division and, in October 1985, was appointed Head of the Navigation Section. In 1989, he was promoted to Senior Deputy Director for Navigation and Related Matters and, in May 1992, was appointed Director of the Maritime Safety Division and Secretary of the Maritime Safety Committee.

Between 1989 and 1998, he led IMO?s efforts to establish a global Search and Rescue (SAR) Plan through regional Conferences in Lisbon, Cape Town, Seoul, Valencia and Fremantle and a Conference in Florence to specifically consider SAR matters pertaining to Africa.

In May 2000, he was appointed Assistant Secretary-General retaining his duties as Director of the Maritime Safety Division.

In November 2003, Mr. Mitropoulos was elected Secretary-General for the period 2004 to 2008. In November 2006, the IMO Council renewed his mandate for another 4 years, concluding on 31 December 2011.

In June 2004, he was appointed Chancellor of the World Maritime University (Malmo, Sweden) and Chairman of the Governing Board of the International Maritime Law Institute (Malta).

IMO, November 29, 2012

Source: http://worldmaritimenews.com/archives/70238

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