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Sunday, May 15, 2011

What are Forex Currency Prices?

Currency is the basic unit used mainly for the exchange of goods and services. There are several different currencies used all around the world. All the countries in the world have their own currencies. There are currencies as strong as US dollar and as weak as Zimbabwean dollar. The value of a currency is necessary for forex trading.
Change in World Economy
Balancing Money and the Earth
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Previously the currencies of the world were valued on the basis of their comparison to the price of gold. The price of gold in the international market was a determinant factor in deciding the price of the currency. To maintain the price of their currency states were bound to keep reserves in the form of gold. To make it simple we can say that in the past the more gold reserves a state had the higher the price of its currency would gain.
What Laid the Foundations of Forex

With the passage of time world economy has witnessed many changes. The end of Barton Wood system changed world’s reserve system. The growth of economy required the change in world’s reserve system.

The reserved system which lied previously on gold was replaced with US dollar. Some countries are using Euro as their reserves. However most of the states have a dollar based reserve system.
The Currency Prices

The prices of foreign currencies are referred to as forex or FX in international market. The currency exchange is also known as foreign exchange. These currencies are compared mainly in pairs. The aim is to determine which currency has more value as compare to the other currency. The major pairs are US dollar against the Japanese yen, and/or the British pound against the European euro. US, Britain, Japan, Europe and some other states fall into the category of great economic zones. The currencies of great economic zones are needed worldwide for trade. The Australian dollar, Swiss franc, and Canadian dollar also fall in the category currencies of great economic zones. Hence, the forex currencies of these states are traded in the international banks.
Why Forex is Necessary

What are Forex Currency Prices

The forex is vital for many reasons. The forex currencies are necessary for international trade and commerce. Several banks and other financial institutions trade these currencies for their own benefits.

Not all the currency pairs are as strong as the pair of US dollar and Japanese yen. There weak currency pairs also exist. The pairs of US dollar and Polish zloty and Japanese yen and Thai baht are examples of weak pairs.
Currency Pairs

There is another category of currency pair, which is not used in forex as much as the strong pairs or to some extant the weak pairs. These currency pairs are known as exotic pairs. The currency pairs discussed so far are traded widely. The currencies of rest of the countries are traded for some specific purpose.

Tourists or businessmen, who need these currencies, either get them in exchange of their own currencies or trade them vis-à-vis dollar. In this method of exchange a currency is valued in dollar, and the buyer gets the currency of his need according to its value in dollar.

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Saturday, May 14, 2011

Clearwire ditches plans to produce phones, satisfied Sony Ericsson drops logo lawsuit




We thought Clearwire might have had a chance at legal victory against Sony Ericsson, but the wireless carrier has apparently dropped out of the ring. Clearwire told a federal court it no longer plans to produce a smartphone
-- which basically nullified Sony Ericsson's worry that upcoming Clearwire handsets would oh-so-similar swirling orb logo. As a result, Sony Ericsson's reporting today that it's dropped the trademark infringement lawsuit, which sounds good for all involved, except it leaves Clearwire not producing much of anything now.

Friday, May 13, 2011

Logitech Revue price drops to $199 on Amazon


While we wait for the OTA update that will bring Android 3.1 to existing Google TV devices, Logitech's Revue -- check the official blog post linked below for some of the features being added -- has apparently already received its price cut and CrunchGear points out it is currently available for $199 on Amazon.
As we noted a couple of weeks ago when the company announced weak sales and a plan to drop the price to $249, getting the price under two bills was probably as important as smoothing out the software experience. Of course, after Google I/O we wonder if anyone interested in Google TV is still jonesing for a launch device (even with the promise of updated software and Android Market access in the future) when something newer and better is likely on the way. After all, you can get Honeycomb on a T-Mobile G1 now, but that doesn't mean you would want to do it.

Wednesday, May 11, 2011

How to Make and Lose a Fortune in Forex?

If you are looking for an online job on internet then you should consider online trading. You can earn a remarkable amount of money by forex trading. When it comes to the fastest, efficient and the most workable online trading then forex trading is the answer. Forex trading offers many benefits for traders if they get enough learning of forex trading before officially starting it. A number of features of forex trading make it is the most suitable tool to generate online money.
Useful Information about Forex Trading Market

When you consider working as a forex trader, you should gather some authentic information about forex trading market to work as an effective forex trader. Following is the useful information for you to get a quick start as a forex trader with full confidence.
Timings of Forex Market

Timings of Forex Market

Forex market remains open 24 hours a day around the world and it starts working from Sunday (afternoon/evening) till the following Friday (afternoon/evening). You can work online from anywhere in the world and become a day trader.
Risk Probability

Forex market is risky for amateur traders, but still if you learn before start working as a forex trader then you can trade effectively with low risk.
Amount of Investment

You can start your forex trading account will a very little amount of investment. This is because the technological advancements that have made it is easier for home based small investors to start online trading with only few hundred dollars.
Forex Pips

Forex market allows you to take a start with little investment and you can easily find brokers regardless of the amount you can invest. A number of brokers are always available to offer you their services.
Price Actions

You should be aware of the changes occur in price. It is obvious that you cannot know about the exact change in price but you can predict these price actions by using any analysis method.

Price actions are the reasons for the continuous working of forex market and without price fluctuations there will be no forex trading.
Currency Market

Currency Market

If you decide to trade in currency market then you can generate profit by the fluctuations occur in price. On the other hand, if you decide to trade in shares and stocks, then you have to rely only on the rising of market.
Dummy Trading Accounts

You can take a start with a dummy forex account. These accounts are being offered by the online forex brokers. You don’t have to invest real money unless you feel sure about your success in forex trading.

It is recommended to you to learn forex trading or take a course of forex trading before starting it officially. After that you should choose a system and try to stick with that system. Be persistent and train yourself to bear the ups and down of forex trading. You also have to learn from your mistake if you want generate real profits. For online trading, it is highly important for you to find an authentic website. Search a reliable forex trading system that you feel is suitable for your personality type and for your lifestyle.

Monday, May 9, 2011

WatchESPN app is now on Android, go-anywhere live TV streams still restricted to just a few providers



The WatchESPN app is now available for Android devices, bringing the same live video streams of ESPN channels it featured at its debut on iOS last month. The interface appears to be equivalent, however running it will require the installation of Adobe AIR on your Android 2.2 or higher device (no tablet optimizations yet and there's no Honeycomb mention in the press release after the break,
but it's probably on the list after the iPad-optimized version drops later this month). The downsides are still the same however, only TV subscribers to ESPNNetworks enabled providers (Time Warner Cable, Bright House or Verizon FiOS TV) can stream everything (ESPN, ESPN2, ESPN3 and ESPNU) while those with just FiOS internet can access ESPN3, and all others are locked out entirely. If you have the right service plan, click the market link below to download the app (there's another app in the market called Watch ESPN Free, but we'd probably avoid that for now) for free.Continue reading WatchESPN app is now on Android, go-anywhere live TV streams still restricted to just a few providers

Saturday, May 7, 2011

Tips and tricks ? Speed up your computer and security

Tips and Tricks
by ekai
Tips and tricks ? Speed up your computer and security
There are many things where computer breaks down. You need some tips and tricks to look after your computer in proper way. Here are some tips regarding computer’s speed and security. You need security to protect your computer from other users to keep your privacy.

The slow down can be caused by many things in a computer. The registry keeps track of all system settings, software installation and drivers so the age of windows operating system is one cause. Install a good registry cleaner is the cure of this problem. There are softwares available such as Ccleaner. The Ccleaner will help increase your computer speed. This software is free. Just click on the registry button then it will list your problems after scanning. There will be a button “fix”. To fix all the issues just click that button. In case there is need to reinsert registry the Ccleaner will create backup. So if you are cleaning your drive with Ccleaner you will not come along any new issue.
You must not let your hard drive go full. It can also cause low speed of your computer. Windows need space for virtual memory as well as programs loading and installing. The virtual memory is a selected portion of the hard drive called page file. There is a free program from windows which is called as page defrag. It defrags the page file or the virtual memory. Defragging will speed up as you defrag the files together. It will speed up your access and your computer start up.
You must update your computer program files and your operating system to keep computer as secure as possible. Windows come with auto update feature. So when you turn on your computer, windows take care of the operating system. You need to left click the start button then on to left click the control panel icon. It will take you to the windows security centre. You must make sure that auto update is checked inside the box. The auto update will be on the left of auto updates.
There is an easy way to make sure your software programs all have the latest security patches too! With sequoias personal software inspector or PSI which is free for your own personal use. After installing Sequoia PSI 1- just left click the green button start scan, 2- left click on the blue solution button this will take you to the link then click open to allow it to install the patch, 3- continue with any other blue solution buttons, then rescan your pc.
Malware protection and removal are two big parts of a great anti-spyware program,
the cleanup has to be precise or your computer will have problems and the spyware will remain. One of the best anti-malware programs for detection and cleanup is Malware-Bytes Anti-Malware and also offers a protection mode if you have the pro version. Even the free version of Malware-Bytes Anti-Malware has outstanding removal and detection.
Luis Posselt has several years of experience in fixing computers and provides helpful tips and advice together with a whole Computer Solution Repair for homes and businesses. He has run his company Dallas Computer Repair for over 3 years now. For more information and details please visit http://www.spectraelite.com/

Article from articlesbase.com

FIFA 11 Ultimate Team – How to Keep the Fitness Method! – Squidge’s Tips & Tricks – Episode 1 – Gameplay/Commentary Get this to 300 Likes? COMMENT AND LIKE! ENJOY!!! A series by Squidge giving you different tips and tricks on ultimate team. This episode giving you his tips on ultimate team! Make sure you subscribe to Squidge :) Directors Channel (Subscribe to him!!!) www.youtube.com Subscribe to me aswell (SASportsGaming) www.youtube.com Follow me on Twitter!!! twitter.com twitter.com

Best of Forex Trading Tools

The introduction of Forex trading tools have made this business more simple and easy to understand for newbie’s. Actually, none of the device can be considered as ideal for the sake of currency trading. Nonetheless, the professional in this field have developed couple of practical instruments that offer a comprehensive idea about the currency market.
Tools Helps to Make Good Profit



The more skilled traders in this professional have accepted the fact that right t use of Forex trading tools will bring substantial earnings.
Forex Trading Tools Update the Knowledge of Traders

Forex Trading Tools

The Forex trading entails the swapping of international currencies and also earning money through this practice. The market of Forex trading has been scattered on geographical basis and is illustrated by large investments. The Forex trading tools facilitate the trader in getting the latest information about the market trends; hence he/she can earn more profits.
Tools Provide Daily Summaries of Important Currencies

The most vital characteristics of Forex trading tools are to supply the reviews of main currencies on daily basis. These also provide weekly reviews of the currencies besides the other main updated information about the market. This aids the traders in understanding the most recent situation of the currency market through which they evaluate the market stipulation. By having a thorough knowledge about the currency market, the traders can forecast the potential tendencies and invest accordingly.

In this regard couple of mechanical softwares has been launched as Forex trading tools. The development in technology has invented certain softwares that gather all the essential details robotically and save this information for the trader.
Easy to Analyze Currency

Currently the task of evaluating the currency has become very simple. In this regard, the novice traders particularly use these gears in practical and useful manner. These software tools can be downloaded from internet for an insignificant cost. Now you can access the latest market situation just with few mouse clicks.
Forex is One of the Biggest Trading Markets

Numerous currencies are traded on daily basis in Forex trading market. It is therefore, not an easy job to maintain the record of whole trade with the alteration in rates of different currencies.

As a vigilant trader, one must be aware of the most recent happening in the currency market. This purpose can solely be achieved with the help of Forex trading tools. It provides an immediate access to the trading reviews; else it would not be easy to acquire these reviews.
The Updated Information Makes the Decision Easier

If the trader has information about the prevailing rates as well as the daily and weekly reviews, he/she can take more appropriate decision. There are couple of more tools that assist trader to keep an eye on rates of interest.

These tools also provide them complete accessibility to the dictionary as well as the monetary almanac. All these gadgets are mandatory for Forex trading.
The Forex Trading Tools are Available at Your Home

Forex trading tools are within the reach of traders

Now these Forex trading tools are within the reach of traders in their own homes. The biggest benefit of Forex trading is flexibility of time, because the currency market is open 24 hours a day. The trading activities can be performed with the help of internet and the cash can also be relocated automatically with the help of electronic machines

If you have PC as well as the internet at your place, you will have an easy access to the Forex tools and the foreign currencies for trading. There are plentiful companies on internet that offer the functional gadgets, such as comprehensive market study for easy trading.
Online Tools Help in Saving Money

These online tools can be downloaded from internet free of cost. If a trader would like to save cash, he/she can utilize these online tools. These online companies issue financial reports and also have various discussion forums

The existing Forex graphs as well as the other covert trading information unearthed by the internet companies are also very helpful for the investors. The combinations of one’s skills with the Forex trading tools will surely make him/her triumphant.

Friday, May 6, 2011

“Currency Manipulation” Will Continue, Despite G20



Last month, the G20 finally agreed on the specific factors that would be used to determine whether a country was manipulating its currency. Despite being watered-down (by the usual suspects), the so-called “scorecard” is nonetheless extremely substantive. Unfortunately, the resolution will be backed only by “peer pressure,” rather than any kind of real enforcement mechanism, which means that in practice it is basically worthless.


While the proximate goal of the resolution is to eliminate exchange rate manipulation, it’s ultimate goal is to minimize the risk of another economic/financial crisis. Towards that end, a country’s “budget deficit levels, the external imbalance and private savings rates” will be closely scrutinized, and will be warned if any of these factors reach levels that are deemed to be unsustainable. The idea is that an early warning system will prevent the global economy from reaching a point of disequilibrium that is so severe that crisis would be impossible to avert.

Of course, the problems with this program are manifold. First of all, there are no concrete numbers. For example, it’s not clear how large a country’s national debt or trade deficit has to reach before it receives a phone call and slap on the wrist from the G20. In fact, you could argue that the same imbalances that precipitated the crisis are largely still in place, which means that some countries should have been warned yesterday.

Second, there is no meaningful enforcement mechanism. That means that countries that disregard the resolution don’t really have anything to fear, other than the wrath of investors. In other words, if governments and Central Banks know that they can manipulate their exchange rates with impunity, what’s to stop them? Look at Japan: its public debt is the highest in the world. It runs a perennial trade surplus. Its citizens are notorious savers. And yet, when the Yen rose to a record high, which you might expect from such an imbalanced economy, the G7 (in this case) took the unusual step of pushing the Yen down. I’m not saying this wasn’t the right thing to do, but what kind of signal does this send to other rule breakers.

While all emerging market countries took an active interest in exchange rates (and seek to exert some control over their currencies), China is certainly Public Enemy #1, and is the clear target of the “currency manipulation” talk. To its credit, the People’s Bank of China (PBOC) has permitted the Chinese Yuan to appreciate 20% against the Dollar (probably 30% when inflation is taken into account) over the last few years. Meanwhile, both internal government statisticians and the IMF expect its current account surplus to narrow to a mere 5% in 2011, as its economy slowly rebalances.

In this sense, I think China is a case in point that the best enforcement mechanism is reality. Specifically, China has reached a point where it cannot continue to pursue an economic policy based on exports, without spurring inflation and causing the inefficient allocation of domestic capital (such as in real estate). It must raise interest rates and accept the continued appreciation of the RMB is an unavoidable byproduct.

The same goes for other countries that attempt to hold their currencies down. If they can get away with it, then so be it. If not, I can guarantee that it won’t be the G20 that forces them to change.

Does Japan’s “Triple Disaster” Threaten the Dollar?


While analysts have been busy dissecting the implications of the natural disasters that ravage(d) Japan for forex markets, the focus has naturally been directed towards the Yen. Given all the rumors about the liquidation of foreign (i.e. Dollar-denominated) assets, it’s also worth examining the potential impact on the Dollar. In a nutshell, Japan’s holdings of US Treasury Securities are extensive, and even a partial unloading could have serious
implications for the world’s de facto reserve currency.
As I explained in my previous post, the Yen rose to a record high (against the Dollar) following the earthquake/tsunami/nuclear crisis because of rumors that Japanese insurance companies and other financial institutions would begin repatriating all of their foreign assets in order to pay for rebuilding. (For the record, it’s worth pointing out again that this has yet to take place, and any repatriation is probably related to the approaching fiscal-year end. Thus, the Yen is being propelled by speculation/short squeeze. Period.)
Indeed, Goldman  Sachs has estimated that the rebuilding effort will probably cost around $200 Billion. A significant portion of this will no doubt be covered by the payout of insurance claims. How insurance companies will make their claims is of course, unknown. However, consider that Japanese insurance companies have insisted that they have ample cash reserves. In addition, Japan has what is perhaps the world’s most solid earthquake reinsurance (basically insurance for insurers) program, which means primary insurance companies can basically pass these claims up the chain, perhaps all the way to the government.
As for whether the Bank of Japan will sell some its $900 Billion in Treasury holdings, this, too appears unlikely. First of all, the Bank of Japan is doing everything in its power to soften the upward pressure on the Yen, which would not be consistent with selling any of its Dollar-assets. Second,  the Financial Times has further argued that they will be especially unlikely to sell US Treasury securities, because they would lose money on (US Dollar) currency depreciation. Besides, any assets that are sold now to pay for rebuilding would probably need to be repurchased later in order to restore balance sheet equilibrium.
While I am on the topic, I want to draw attention to a recent Treasury report that documented the overseas holdings of Treasury securities. The major surprise was China, whose holdings were revised upwards to $1.18 Trillion (from $892 Billion), which means it is well-entrenched as the most important creditor to the US. However, this was offset by a 50% drop in the Bank of England’s holdings, caused perhaps by a change from US debt to British debt.
As I have written in the past, it seems unlikely – for political, economic, and financial – reasons that China will move to pare its Treasury holdings in a significant way. Simply, it has no other viable options for investing the foreign exchange reserves that it is forced to accumulate because of the Yuan-Dollar peg. Other doomsdays have speculated that the crisis in the Middle East will end the “petro-Dollar” phenomenon, whereby oil exporters settle their bills almost exclusively in Dollars and use the proceeds to buy Treasuries. While US influence in the Mid East may indeed wane further as a result of the ongoing political turmoil, I don’t think this will force a change to the PetroDollar phenomenon, which is due as much to unavoidable trade surpluses as it is to settling oil transactions in US Dollars.
There is certainly some concern about what will happen when the Fed wraps up QE2 later this year and stops buying Trreasury securities. Two prominent investment companies (PIMCO and Vanguard) have warned that this will cause bond prices to fall and interest rates on debt to rise rapidly. While this is certainly possible, demand for Treasuries will remain strong for as long as the current risk-averse climate remains in place. In addition, given that the US Treasury is not in danger of defaulting anytime soon, yields reflect expectations for inflation and interest rates more than supply/demand for the bonds themselves. Finally, when the Fed stopped buying mortgage backed securities in 2010, mortgage rates fell, contrary to expectations.
In short, the Dollar might continue to fall against the Yen as speculators cover their short positions, but not because of any fundamental reasons. On an aggregate basis, the never-ending string of crises won’t cause the Dollar to collapse. If anything, it might even bring some risk-averse capital back to the US and re-affirm the Dollar’s status as global reserve currency.

Tuesday, May 3, 2011

How to Trade In 2011?

Kuninaka Ryoko
One of the basic and foremost instincts of a human being is to earn more and more profits. Making a profit greatly depends upon market conditions and general tactics. There are some useful steps which if being followed will help a lot, in understanding  the chemistry of these marketing conditions and to get some consistent profits from forex trading.

Day Traders

Most of us prefer being day traders, and it is the utmost desire and necessity to earn some profit by the end of the day. Being an efficient day trader, for instance, one should have in mind the average daily range for each of major currency pairs. In the last three months, most of the leading pairs have noticed their averages fall quite rapidly as indicated by the Average True Range indicator.
So, if the same trend continues, it leads to smaller and smaller trading range at the end of each day.

Necessary Precautions

As for those who don’t know, by the end of December 2010 the average range of the GBP /USD pair was 135 points at the time of writing. People, who enjoy early morning breakouts, must be cautious about trading early in the morning by taking in consideration of overnight trading points range. Moreover, if the range is between 30 to 60 points and breakout takes place, then there is plenty of room for the price to move strongly in the expected direction. This is the same situation when the trading range was in excess of 200 points, and we were sure about the price heading towards the right destination.

Longer Term Trades

Long term trades are always more reliable than the short term trades. Most of the traders are busy trying to get quick profits. However, it is quite a known fact that trading ranges are quite minor now a day’s for major pairs. Usually most of us are far much better off trading the four hour and daily charts. The overall trend, forex trading system uses the daily chart and the four hour chart for pinpointing entry and exit points.

This has worked marvelously for quite a long time, and there is nothing stopping forex from being more profitable in the upcoming years.

Making Money Is Simple

Making Money Is Simple
The major pairs will always confirm very well to technical analysis on these longer time frames. Overall it is a lot easier and quite efficient way to make money. You simply need to come up with a straight-forward trading system that can detect one or two high probability trading opportunities every week.
The crust of the whole scenario is that let the previous and bygones be left aside, there are still plenty of opportunities to make money from forex trading in 2011. This is true if you enjoy the bounty of trading the longer term charts. However, short term trading can also be fruitful despite the narrow trading ranges. We have to look a bit deep and find the right method, which leads to efficient trading.

Forex Becomes A Mass Movement


The market isn’t getting any more efficient is the first warning essential for all future forex traders The fashion among retail investors these days is to trade foreign exchange Before the trend catches on to you as well, note the fact that the FX market is unpredictable now, making it impossible to capitalize the same as an easy money generator.To confirm the same the test of an efficient market, volatility ratios, can be done. Thank you for reading about foreign exchange and foreign exchange.




The process involved is basic. If markets are to be efficient, past price movements shouldn’t predict future movements, but this is just one of the conditions. For this scenario the rise in volatility is proportionate to the square root of time, hence the volatility of fortnightly change is the same as the square root of two multiplied by the weekly volatility.



If we test the volatility of actual to random walk, we can see whether a price follows random walk or not. A higher random walk volatility than actual volatility translates into falls in one period leading to rises in the eventual period.



The ratio of actual to random walk volaitility for three main exchange rates can be seen in my chart. The pound may rise for a few weeks but would fall because of reversion is the suggestion here Further your knowledge on foreign exchange at currency conversion calculator.



Nevertheless, the ratios touch one, as close as 12 percent of it. One could easily lose fortunes bettinf on the inefficiency since it is so little. The diminishing profit making became staple of Forex trading in the 1990s since investors started wising up to the momentum effects.



One can see deviations over a short period of time from the random walk. Anticipating surprises better than the market can lead to a person making money even from a random walk. Our data findings show a roughly random rate move for foreign exchange over a 17 year period. The efficiency of a market would be brought down in extremely short periods.



For traders, knowing news like the US dollar turning absolutlely worthless in an years time would be priceless. It would have been possible to make money by purchasing the dollar at its lower point because it over reacted and then mean reverted.



But this is not an inefficient market. The profits made from purchasing dollar at its low point aren’t risk free ones but instead a reward for taking the crash risk. The predominant character in exchange rates over the years is the variation in crash risk.



It is obvious that the

Monday, May 2, 2011

Sri Lanka HNB Assurance March net up 23-pct

May 02, 2011 (LBO) - Sri Lanka's HNB Assurance's profits in the March 2011 quarter rose 23 percent to 24.7 million rupees from a year earlier and gross written premium rose 27 percent to 684 million rupees interim accounts showed.


The firm reported earnings of 55 cents for the quarter. The first quarter numbers of insurers do not have profits from the life business, which is calculated at the end of each year.

It is also issuing rights to expand capital.

After 99.7 million rupees ceded to re-insurers (102 million rupees last year) the firm had 584 million rupees of net written premium.

The firm paid 198 million rupees in net claims and benefits net.

source - www.lbo.lk


Osama and Al Qaeda

The Long Road to Abbottabad




Details of each operation and the instructions on how to reorganize after success or failure provide fascinating insight into their training and understanding of guerrilla operations. Occasional glimpses of Sun Tzu and Che Guevara's teachings come through.
GUEST BY SHAUKAT QADIR

(May 02, Islamabad, Sri Lanka Guardian) Al Qaeda took birth in late 1982 (not 1988/89, as usually stated, because 1989 was when it actually acquired the militant traits it is now famous for) in Kuwait, the birthplace of Osama bin Laden’s (its founder; OBL) father, ostensibly as a charitable organization to assist Muslims suffering all over the world. Very quickly, however, OBL realized that the way to ‘help’ oppressed Muslims was to arm them to rebel against the oppressor(s). Since 1989 witnessed the Soviet invasion of Afghanistan and OBL was one source for funneling arms to Afghan freedom fighters, Al Qaeda suddenly began to receive massive funding from all over the Arab World. He also swiftly entered the arena of gun-running.

Many Americans have accused the CIA of training Osama. My view is that the accusation is not merited. However, there is little doubt that he received encouragement, support, funding and even arms for Afghan freedom fighters and that he was a CIA collaborator for some years.

OBL also actively collaborated by providing crucial intelligence obtained from Al Qaeda personnel in Kuwait, during ‘Desert Storm’. However, with continued American presence in Saudi Arabia, post Desert Storm, plus American arrogance demonstrated by their ignorance of, and lack of concern with, local customs and sensitivities were the beginning of the change in him. He began to find Americans offensive and the King (Abdullah) began to be viewed as an American lackey.

OBL began to gravitate towards the small group of dissidents who held the view that a King was un-Islamic and sought a return to the ancient Islamic democracy; the Khilafat. He became increasingly active with the passage of time and, when confronted with it, freely admitted to his activities. Due to his family connections, he was not imprisoned but his citizenship of Saudi Arabia revoked.

It was during his period in Sudan that he began focusing on the US as the object of his enmity. While his anti-US activities are on record, it is significant to note that there was considerable increase in contributions to Al Qaeda, including contributions by members of the royal family of Saud.

It was also in this period that OBL began to develop a strategic ‘world view’. He saw all governments of Muslim majority countries as American lackeys and referred to them as Kafirs (infidel). He began to think of himself as a man with a mission; he was going to bring revolutions in all Muslim countries to revert them into one united Caliphate and, simultaneously bring to its knees that giant of all Evil; the US.

It is important to point out that for any such strategic vision to work, it is essential to have undisputed control over a spatial territory; preferably a country. A nation state governed under strict and ‘true’ Islamic law, setting an example to the rest, a command, control, and communication infrastructure, where funds can flow in, where training can be provided for warriors to sally forth and instigate revolutions in other Muslim majority countries. He was going to be the Muslim Che Guevara. But how?

While he was considering his choice of country, fate took a hand and, without details irrelevant to this narrative, he found himself in Afghanistan for him; the Promised Land

How did Al Qaeda work?

In 1980, OBL offered to join the Afghan freedom struggle, but this was a stage when the Afghan struggle was still ‘pure’, unadulterated by non-Afghan fighters, except the Pashtun from Pakistan. Osama’s contributions in weapons and financial support were welcomed; he was not. Soon he began to realize that his person was too precious to waste. At some stage Abu Ayoub Al-Iraqi, joined Al Qaeda. He remained so far in the background that few know his name and few are aware of his contribution; but it was he who gave the practical shape to Al Qaeda’s role on Osama’s World Vision.

Al Qaeda’s function has been described as “centralized decision and decentralized execution”; I see it as a multi-national that has exported instability so as to create Caliphate(s) in Muslim majority countries through ‘outsourcing’. Al Qaeda has recruited Muslims from all parts of the world and sends out small bands of advisers; these could number from three to a dozen or so. While Osama retained the title of Amir, the leader, and was advised by a council, called Shoora, the real power has been wielded by the second tier leadership, responsible for planning and tasking. The second tier has traditionally been Arab, mostly Egyptians, with one known exception, the Pakistani, Khalid Sheikh Muhammed, credited with the 9/11 attack; but could he have planned it alone?.

9/11 as an example

Many journalists have written about the complications involved in planning this attack. Let us refresh our memory a little. Nineteen individuals from various Arab countries entered the US in four different groups. None of these groups were aware of the others or their role, except the coordinator, who also led one of the groups, Muhammed Atta.

For the attack(s) to create the impact envisioned, without a timely reaction, it was necessary to hijack four aircrafts taking off from different airports. The planes selected, had to take off within a total time interval not exceeding forty five minutes, from the first to the last, to preempt a timely response. For them to cause the destruction to the WTC, Pentagon, and (maybe) the White House, they had to be carrying a certain minimal payload of fuel otherwise the explosion would have been insufficient.

Khalid, the one credited with the 9/11 attack, was a mechanical engineer with a masters from North Carolina. He could certainly have helped work out the fuel payload requirements for the planes that were to turn into aerial bombs, but their flight direction, how far each could deviate from its flight path and for how long, before it would arouse suspicion, the level of training required in flying that would suffice for the hijackers, the kind of weapons that would get through the airport search machines all point to more than one ‘expert’; each one with the requisite knowledge of airport security, of flight schedules, flight paths and patterns, the time taken to arouse suspicion, the delay in scrambling aircrafts to respond to this threat.

There were so many factors to be vectored in for this attack to succeed that it is impossible for it not to have been planned by a group of at least three individuals, perhaps more whose variety of expertise could create the (near) perfect plan.

It is not only a probability but a virtual certainty that they never came together, nor did they provide the information knowing what it was for. They were all probably paid cash to provide bits and pieces from their own area(s) of expertise. And yes, with their help, even Khalid Sheikh could have masterminded the plan, though my gut feeling is still that the mastermind had to be a specialist and a purchasable commodity. But Khalid is claiming sole credit and, therefore, we will never know the truth.

But this isn’t an example of outsourcing! For that, we need to travel to Afghanistan and Pakistan. Examples could also be taken from other Muslim majority countries, but I will confine myself to the area I know.

Afghanistan

1996, when Osama landed in Afghanistan, Taliban was broke and also needed weapons. In early ‘90s, Eric Margolis reported that a kilo of paste fetched the Afghan farmer $ 1000. At Karachi it was worth $ 50,000, offshore New York, $ 250,000 and would be cut and recut to be sold in New York at a street value ranging from 3 to 5 million. Al Qaeda was already into gun running and moving into drug smuggling was no problem. Pakistan was, at that time, a staunch supporter and the CIA was also prepared to turn a blind eye, the US still had hopes of Taliban and UNOCAL with George H. W. Bush on its board was still investing in Taliban in hope of oil from Central Asia.

And so, Osama offered Taliban 50 per cent of the profits from drug smuggling and weapons at near cost price. Mullah Omer could not look a gift horse of this kind, in the mouth. In return, Osama got the country he had been craving for, an unchallenged base for Al Qaeda operations, and the country where stringent Islam would be practiced in letter and spirit, as a shining example for Muslim majority countries.

9/11 changed everything. Suddenly Pakistan became a US supporter, a US invasion was imminent and, when it came, Taliban, Osama, and Al Qaeda were on the run.

It might be of interest to draw the reader’s attention to some less well known facts. Post 9/11, the US demanded that Taliban hand over Osama, the Taliban reportedly refused, because when they asked the US to provide concrete evidence of Osama’s guilt, the US refused. The US refused, because there was no concrete evidence of his guilt. There never can be. Although Osama, in a video released to Al-Jazeera TV accepted responsibility for this attack, but that was in the future; and the video was never authenticated either, so no one is certain of his guilt.

Such operations are ordered through numerous cut-offs and conduits and if any of the hijackers had been captured alive, he certainly could not have gone beyond the curtain of Khalid Sheikh and Khalid has never pointed the finger at Osama. He claims sole responsibility. Most of the FBI and CIA knowledge of the functioning of Al Qaeda has come courtesy Jamal Al Fadl, a Sudanese who defected from Al Qaeda after embezzling $110,000, which he confessed before a court in the US. How much credence can be given to his testimony, is for the reader to judge

There were selective portions of al-Fadl's testimony that I believe was false, to help support the picture that he helped the Americans join together. I think he lied in a number of specific testimony about a unified image of what this organization was. It made al-Qaeda the new Mafia or the new Communists. It made them identifiable as a group and therefore made it easier to prosecute any person associated with al-Qaeda for any acts or statements made by bin Laden.[26]

What has gone virtually unreported is the fact that on a suggestion by a Pakistani official, Taliban agreed to hand over Osama to Saudi Arabia, but the King refused to accept him. The Taliban might even have agreed to hand him over to the International Criminal Court, but when the ‘war-time’ vacuous US president Bush was informed of the option, he just ordered the charge.

For the initial years Musharaf continued to play both sides against the middle but the US was pressing hard and something had to give. Periodically, he would throw the US a bone to keep them off his back for a while. One such ‘bone’ for the US was the murder of Nek Muhammed in 2004, a member of the Wazir tribe, a veteran of the anti-Soviet war, who rose to prominence as a leader of his tribesmen amongst the Afghan Freedom Fighters, fighting once again to reclaim their country from another army of occupation, their erstwhile ally, the US. (Those readers interested in what happened in Pakistan can look up “Understanding the insurgency in FATA” under ‘selected articles’ on www,shaukatqadir.info.

This turned out to be disastrous and instigated the revolt in our tribal areas. However, it was not till Musharaf, bedeviled by another self-created judicial crisis by filing a reference against the Chief Justice, which was unanimously rejected by the Supreme Court, created another crisis to divert the attention of the international community; the ‘Lal Masjid’ (Red Mosque) episode in Islamabad in 2007, when Osama announced that, “Al Qaeda’s enemy number one was no longer the US; it was now Pakistan”.

By this time, Afghan Freedom Fighters had embraced the title of Taliban. Forgetting the oppression they had suffered in the last years of the Taliban, Taliban became the symbol of the Muslim David to the American Goliath; however, Taliban had divided into numerous factions; all loosely linked to Al Qaeda but not fully subservient to the so-called ‘mother’ organization.

Consequently, without going into details of the causes, only two Pakistani factions of the Taliban; Maulana Fazlullah’s in Swat and Baitullah Mahsud’s in South Waziristan responded to Osama’s call, while none of the Afghan Taliban did.

Since Swat shared no borders with Afghanistan, it was South Waziristan that became the base for Al Qaeda’s anti-Pakistan operations; though Fazlullah also received considerable support since, if the area under Al Qaeda could extend to the boundaries of Swat, they would be virtually within spitting distance of Islamabad.

This is where the example of ‘outsourcing’ begins!

Anticipating that Afghan Taliban might not be tied to his apron strings after witnessing how their Afghan brethren turned against them for obeying Osama’s Islamic injunctions, Osama was looking at a home in Pakistan, preparatory to taking it over; the only Muslim nuclear capable country in Osama’s lap, what a prize to aspire to!

Very carefully, under the skillful guidance of Ayman Al Zwahiri (in all likelihood, Ayoub Al-Iraqi remains the strategic brain of the organization, while Zwahiri has assumed operational control), roles were divided between the two Pakistani factions. To Fazlullah, closer to Islamabad fell the task of guerrilla warfare. To this end, a team of ten, under a Jordanian known only as Jabber was dispatched to Swat and over 1000 Tajik and Uzbek veterans followed as reinforcements.

Baitullah formed the base camp. This was the operating HQ, the command, communication, and control center, the safe haven through which monies, weapons, and explosives flowed, and the training area for acts of terrorism. Volunteers, usually young students of Madrassas (seminaries) were indoctrinated and brought here for training, many of them from as far as Southern Punjab. To Baitullah were dispatched twenty advisers, the leader’s name remains a mystery, though he is described as a tall, educated Arab, with a towering personality.

It was soon discovered that the Al Qaeda representation in Baitullah’s region was overkill. Baitullah was the astute leader but he was ably assisted by three very capable henchmen; Qari Raees, Hakeemullah (who later succeeded him), and Waheed. Very soon these three had divided responsibilities of different training camps, and administration, indoctrination as well as recruitment. The leader of the Al Qaeda advisers left after six months or so, and left behind three representatives for advice on tricky operations.

Baitullah was a wily individual who is reputed to always hedge his bets. Among the Mahsuds, his tribesmen, he was reputed to be a CIA agent. They offer the following facts as evidence: a) he had far more ready cash in dollars than any other, but this is inconclusive; b) that he had very sophisticated communication equipment---a question mark; c) that for many months the US drones would hit only those Mahsud militants who operated against the US in Afghanistan and opposed Baitullah’s decision to attack Pakistan; and that those hit by drones had invariable been visited by Baitullah on a pacifying mission (these stupid tribesmen aren’t that stupid, even they know about homing devices). Finally, the ISI had, on numerous occasions provided accurate actionable intelligence on Baitullah to the CIA requesting a hit, which never materialized. Until finally, he outlived his usefulness and was wiped out, long with his wife, by a drone.

When the Pakistan army recaptured Swat from Fazlullah they captured diaries of some Taliban leaders; among them was a diary of Muslim Khan, the spokesman for Fazlullah, the leader of the Taliban in Swat. I managed to lay my hands on some of them, including a diary of someone who styled himself as "Khalid bin al Walid" - an obvious pseudonym. While most of the diaries typically related the events of the day, a portion of each diary was dedicated as a training manual. And this is what made them so interesting. The diaries contain detailed instructions on how to conduct urban and rural guerrilla warfare. They included instructions on carrying out an ambush, how to evade one if possible and how to fight through one. They listed combatants under loose command structures for certain operations. The diaries included analyses of the successes and failures of operations, with notes on the casualties taken and inflicted. They record why a commander has been changed, occasionally for his inefficiency, but more frequently to find the most appropriate individual for each task.

Details of each operation and the instructions on how to reorganize after success or failure provide fascinating insight into their training and understanding of guerrilla operations. Occasional glimpses of Sun Tzu and Che Guevara's teachings come through. But what the diaries resemble most are the "training manuals" captured from the rebel Contras that Nicaragua took before the International Court of Justice to present its case against the US.

While fascinating, the diaries might not be a cause for surprise; except to wonder how they received such detailed training. The remaining instructions contained in the diaries of leaders as well as "soldiers" is certainly cause for concern. These instructions are exquisite in their detail on how to make explosive devices; many with the most innocuous components like sugar, cooking oil, aluminium, Vaseline, coffee, charcoal, salt and even black seed. In each case, other explosive components are included and in each case all composites are spelt out in milligrams - frequently with diagrams. Instructions on the use of TNT, RDX, and plastique are also included with a ratio for each component.

Instructions also detail how improvised explosive devices (IEDs) can be triggered; methods range from conventional fuses to improvised ones from rope soaked in fuel, to those made from a hand-wound wrist watch, an alarm clock and even a mobile phone. Instructions also include which devices can be used for which type of IED. They include how charges can be shaped for maximizing effect in a given direction and even instructions on biological precautions if there is prolonged exposure to certain chemicals - when to drink a glass of milk or a quart of yogurt. Needless to say, instructions also include details on the sensitivity of each kind of IED, what might trigger each prematurely and its lifespan. Everything necessary has been covered in the minutest detail imaginable, many of which were unknown to me until I read the diaries.

While all this information is available on the internet, it requires a specialist to understand and synthesize it. Often the diaries necessitate knowledge of chemistry, physics and biology and a combination of that knowledge would be developed for a specific purposes: training people to operate behind enemy lines and make do with whatever is available. Such information could also be gathered by a scientist in the pay of an organization like al Qa'eda. But even a chemist would need to be pointed in the right direction to collect the relevant information on physics and biology. This information had to come from an intelligence agency.

Similar material was recovered from South Waziristan, though in far lesser quantity, since the Mahsuds managed to escape across the Durand Line in far greater numbers. All captured Taliban from both areas tell the same story: “These were brought by a handful of people from Afghanistan (Al Qaeda advisers), photocopied and distributed to us. Our day started with a recitation of the Holy Quran and was followed by a two hour training session in combat and weapons. The rest of the day we studied these books (training manuals) and practiced them as well.”

I am certain that CIA has been guilty of many dubious acts and I have frequently accused them of such acts. However, it is my considered opinion that the CIA would, under no circumstances release such documents to a terrorist organization. There are, however, numerous ex-CIA Black Ops personnel sitting unemployed who might be for sale. There are also ex-CIA Black Ops operatives employed by Private Security Agencies like Xe. And Xe is for sale to the highest bidder. Take your pick!

How relevant is Al Qaeda today and in the future?

It seems however, that events in the Arab countries have overtaken us. The fire is spreading and, while it can be suppressed by force but only for a breathing space. It seems that Arab peoples want their freedom and their own brand of representative government; which might not be the Anglo-Saxon democracy but one that suits their psyche.

With this storm rising, there appears to be a growing concern in the west and particularly in the US that this will give birth to Islamic extremism. After years of accusing Pakistan of harboring Al Qaeda (only months ago, Ms. Clinton made another damning accusation while in Islamabad), we now hear that it is back in force in Yemen, Bahrain, and Iraq! Only on Iraq, I must point out that, while Saddam was a Sunni despot, there was never any question of Al Qaeda taking root there during his rule. It is there indeed, but only post the US invasion.

Numerous other fears are being expressed in relation to the gathering storm among Arab nations: it could fuel a sectarian war; it could give birth to Islamic extremism, and most of all, where would our flow of oil come from?

All these apprehensions have some grains of possibility. It is entirely possible that Islamists could take over. It is also possible that Iran, watching all this with hungry eyes might grab an opportunity that could trigger sectarian strife all over the Arab turbulent region. And any turbulence will hinder the flow of oil, though not for long. Oil is their sole source of income.

However, in my view, if there is a real fear of an Islamists takeover, it is confined to Saudi Arabia; which is why King Abdullah has ordered an immediate intervention in Bahrain and is pleading with Jordan to turn down demands for reform to a democratic kingdom. Saudi Arabia has hordes of OBLs still in hiding!

In this emerging scenario, how relevant is Al Qaeda? After all, its raison d’etre was based on two premises: that the present governments in all Muslim countries, beginning with Arabs are un-Islamic/oppressive and that they are pro-US. The revolution(s) sweeping across Arabia and Africa are based on the same reasons and, whichever form of government emerges in each country; Islamic or some form of representative democracy, it is certainly not going to be opening doors to Al Qaeda.

Our Taliban in Pakistan will make us sweat for some years yet and, if (rather when) reformation finally does sweep across the region, there might be a reformative revolution in Pakistan as well.

It seemed to me that even before Osama’s elimination, Al Qaeda has been in its dying throes; because of forces beyond its control. All the more reason then, for the US to pack up and quit Afghanistan. Their basic apprehension that a Taliban return in Afghanistan might herald the return of Al Qaeda seems to have disappeared. Other ghosts and specters now loom on the American horizon. Time to go chase them!



Shaukat Qadir is a retired brigadier and a former president of the Islamabad Policy Research Institute. He can be reached at shaukatq@gmail.com

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Sri Lanka Talawakelle Tea buoyed by rubber, hydro power

May 02, 2011 (LBO) - Sri Lanka's Talawakelle Tea Estates said March 2011 quarter net profit rose nine percent to 72 million rupees from a year ago with lower tea earnings offset by gains from rubber and hydro power.


Total group revenue of the firm, part of the Hayleys conglomerate, rose five percent to 743 million rupees from a year ago, a stock exchange filing said.

The results showed a reduction in costs with finance costs being halved. Basic earnings per share for the March 2011 quarter were 3.47 rupees against 2.51 rupees a year ago.

Revenue from tea during the quarter was static at 683 million rupees while profit fell 17 percent to 102 million rupees, with bad weather affecting the quality of tea made during the period.

Revenue from the group's rubber estates almost doubled to 19 million rupees with profit soaring 164 percent to 13 million rupees as the firm made gains on the global commodities boom.

Profits from mini-hydro power soared 319 percent to 29 million rupees during the quarter from seven million.
 
source - www.lbo.lk


Impact of Bin Laden’s Death in South Asia



Iraqis in Baghdad watch a news broadcast on Arabic satellite news channel Al-Arabiya showing an image which has been circulating on the internet and allegedly show the body of Al-Qaeda mastermind Osama bin Ladan. Sabah Arar /AFP - Getty Images

by Rahul K. Bhonsle


(May 02, New Delhi, Sri Lanka Guardian) The American forces fighting the global war on terror have achieved the most significant counter terror success in a decade, targeting and eliminating Osama Bin Laden in his lair in Abottabad close to Pakistan’s capital, Islamabad. The North Western region of the Sub Continent, spanning Afghanistan and Pakistan has been long suspected to be harbouring Bin laden and his coterie including his number two Ayman al Zawahiri. While they may have had limited contact with the world after 9/11 except for videos streaming at regular intervals, the influence of Bin Laden on the violent Islamic extremist movement has been seminal. He has been the symbol of Salafi radicalism spread across the World and his dreams of a Caliphate has inspired many from Bali to London and New York resulting in the death of thousands.

The American pursuit of Bin Laden is truly extraordinary and is a new chapter in counter terrorism history. The credit must go to President Barack Obama as the White House release indicates, the President chaired no fewer than five National Security Council meetings from the middle of March -- March 14th, March 29th, April 12th, April 19th, and April 28th before giving the final order for the operation on April 29th.

This was a no doubt a high risk operation, memories of the one launched in Iran by President Jimmy Carter in the same month April in 1980 and had led to a humiliating failure with Carter losing the Presidential elections may have haunted Obama. He faces his own test in November 2012. However given that the nature of operation was different and American Special Forces combat capability has considerably increased, the assurance of success was higher. This classic operation will be studied many times over by analysts and historians alike

What is likely to be the impact of elimination of Osama from the terrorist landscape? Firstly the Al Qaeda movement has lost its inspirational head, while the group and subsidiaries will continue to carry out terrorist attacks particularly in West Asia and North Africa, the larger traction for establishing a Caliphate has lost sting with impact felt in the long term. Secondly terrorism and terrorist attacks will continue as there are other dimensions to this phenomenon which has assumed hydra headed proportions. Thirdly, terrorism in Af Pak will not be impacted given that the two main groupings Taliban in Afghanistan and Tehreek e Taliban in Pakistan are not dependent on the al Qaeda be it for support, sustenance or ideology. Fourthly Lashkar E Taiyyaba which has India as the main target is unlikely to shift track, thus New Delhi will have to remain vigilant. Finally the al Qaeda particularly Ayman Zawahiri will order a retaliatory attack on America not just the main land but also assets across the World at large.

How would it impact Pakistan’s take on terrorism? Here again there is unlikely to be a shift in Pakistani policy of running with the hare and hunting with the hounds, in fact the Army and the ISI may take this as a humiliation and continue to remain uncooperative with the United States. So Bin Laden is gone but the world and the region will not be a safe place, not at least immediately. We have a long fight ahead of us and cannot let down our guard, for unlike the death of Hitler at the end of the Second World Way after his military had been defeated Bin Laden's forces are still in being and will carry on the biddings of their former master, eternal vigilance will therefore continue to be the price of liberty.

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John Keells Tea Market Report: Record tea crop in March

Brighter Nuwara Eliya BOP/BOPFs although lower to previous week is well above an average Western BOP/BOPFs selling above Rs 400. The plainer Nuwara Eliya's however were of a much weaker market.

The Sri Lanka tea crop for March at 33.3 Mkgs. is the highest on record surpassing the previous best of 32.4 Mkgs. in 2008. High and Medium elevations have recorded increases of 80 percent and 72 percent respectively compared to the corresponding months of 2010 with Low Growns recording a 50 percent increase. The phenomenal crop increases in March has helped, recoup the crop deficit of 9.3 Mkgs, as at end February in addition to registering a 2.9 Mkgs. surplus to end March. The main contributory factor for the High crop intakes from the High and Medium elevations in March was on account of useful and frequent rains experienced in the first quarter of the year which is a period normally associated with dry weather. With such high crops presently being experienced it is unlikely that we would see a rush in the months of April, May.

In view of high crops in March the weekly auction quantities in April continued to rise with the Ex Estate sale of May 11, exceeding the 1.8 Mkgs. The large crops coupled with a drop in product quality have taken a toll on prices at last week's Ex Estate sale comprising of 1.6 Mkgs. Both Western High Grown BOP/BOPFs met with lower demand with prices declining Rs 20 to 30 on average. Brighter Nuwara Eliya BOP/BOPFs although lower to previous week is well above an average Western BOP/BOPFs selling above Rs 400. The plainer Nuwara Eliya's however were of a much weaker market. Uva's too were much lower declining Rs 20 to Rs 30 with a fair weight remaining unsold. Best CTC PF1s were firm to a little irregular, whilst others tended lower. High and Medium types too were Rs 15 to Rs 20 easier.

A large volume of 3.8 Mkgs. of Low Growns came under the hammer last week was the largest quantity on offer for 2011. There was widespread demand, however at lower levels. Hence prices declined Rs 5 to Rs 10 particularly for Pekoes and OPAs. Most BOP1s too declined at times fairly sharply. In the Small Leaf category the BOP SP continued to sell well, however the Below Best FBOPs and FBOPF1s and most Tippy varieties declined in value.

There was excellent demand from Russia, whilst Iran, Iraq, Libya, Syria and Saudi Arabia lent useful support.

Western Teas

Select Best BOPs declined Rs 20 to Rs 30, other good invoices shed Rs 10 to Rs 15, Below Best sorts eased Rs 10 to Rs 15 and more at times, plainer varieties shed Rs 10 to Rs 15 on average. Select Best BOPFs shed Rs 15 to Rs 20 on average, other good invoices declined Rs 10 to Rs 15 and more, Below Best sorts shed Rs 15 to Rs 20 and more as the sale progressed, plainer varieties eased Rs 15 to Rs 20 on average. Medium BOP/BOPFs declined Rs 20 to Rs 30 on average.

Nuwara Eliya Teas

Brighter BOPs declined Rs 20 to Rs 30, others were substantially lower. A few bright BOPFs sold well on special inquiry, most others declined substantially.

Uva Teas

BOPs declined Rs 15 to Rs 20 and more at times. BOPFs shed Rs 20 to Rs 30 on average. Udapussellawa BOPs eased Rs 20 to Rs 30 and more for the poor leaf sorts. BOPFs shed Rs 30 to Rs 40 on average.

CTC Teas

Select Best Low Grown PF1s were firm to marginally easier, others declined Rs 20. BP1s shed Rs 20 on average. High and Medium PF1s declined Rs 20 to Rs 25. BP1s eased Rs 10 to Rs 20 on average.

Low Growns

Fair demand. Select Best OP1s maintained last levels, selected clean invoices appreciated Rs 5 to Rs 10, Below Best and poor sorts were irregularly lower by Rs 5 to Rs 10 Select Best BOP1s shed Rs 20 to Rs 40, Best types were steady, Below Best and poor sorts were lower by Rs.5/- to Rs 10. Select Best OPs gained Rs 5 to Rs 10, however the Best and Below Best types declined Rs 5 to Rs 10 poor sorts declined Rs 10 to Rs 15. Select Best OPAs appreciated Rs 5 to Rs 10, Best types were mainly firm, Below Best and poor sorts were irregularly lower by Rs 5 to Rs 10. Select Best Pekoes appreciated Rs 10 to Rs 20 however the balance tended lower by Rs 5 to Rs 10. Shotty Pekoe1s eased Rs 10 on average, Best types too were lower by Rs 10 to Rs 15, Below Best and poor sorts were irregularly lower by Rs 5 to Rs 10. Select Best and Best BOP/BOP.SPs maintained last levels, Below Best and poorer sorts eased Rs 5 to Rs 10. A few well made wiry FBOPs advanced Rs 10 to Rs 15 and at times more, however the others remained firm. Best FBOPs gained Rs 5 to Rs 10, Below Best and poorer sorts met with irregular demand and were mostly lower by Rs 5 to Rs 10. Select Best FF1s maintained last levels, Below Best types eased Rs 5 to Rs 8, poorer sorts declined Rs 5 to Rs 10. Select Best tippy varieties met with good demand and advanced a few rupees above last, Below Best and Best types met with irregular demand, poorer sorts shed Rs 10 to Rs 20.

Off Grades

Select Best liquoring Fngs1s were lower by Rs 10 to Rs 15, while Below Best and poorer sorts depreciated by Rs 20 and more at times. Select Best and Best BMs depreciated Rs 5, while poorer sorts were lower by Rs 10 from last levels.

All BPs depreciated Rs 10 and more at times. All Low Grown Fngs depreciated Rs 10 to Rs 15. Select Best BOP1As along with the Best declined Rs 10 to Rs 15, Below Best too eased by similar margin, poorer sorts too were firm to lower by Rs. 10/- to Rs.20/-

Dust

Select Best Dust1s declined Rs 10 to Rs 15, while the Best Dust1s declined Rs 20 to Rs 30, Below Best types too declined Rs 30 to Rs 35, while the poorer sorts declined further. Clean secondaries shed Rs.25/- to Rs 30, while the balance declined further. Best Low Grown Dust / Dust1s eased Rs 20 to Rs 30, while the balance declined further.

source - www.dailynews.lk


The Ban Ki-moon conspiracy

by Izeth Hussain

(May 02, Colombo, Sri Lanka Guardian) Normally the use of the term "conspiracy" denotes that a writer has a penchant for the sensational and that he cannot be taken without reservations as a serious political analyst. But the plain truth is that conspiracies abound in the world of politics, and they certainly feature in international relations as well. The Ban Ki-Moon affair is pre-eminently one of which we can scarcely make sense except on the hypothesis of a conspiracy. The man was a bureaucrat for decades, and like outstandingly successful bureaucrats all over the world he had to be a conformist, an adept at toeing the line, incapable of thinking outside the box, and with inordinate respect for power and hierarchy. Furthermore, he was a South Korean diplomat for decades, which means that he would always have had to bear in mind that going up the ladder would have required that Washington had nothing against him. We must also bear in mind that after Boutros-Ghali the US resolved that no one would be tolerable as UN Secretary General unless he could be trusted to show respect for the power of the big big powers of the world, notably the US.

Ban Ki-Moon antics

How, then, has it come about that this little man has engaged in antics that have deeply upset us in Sri Lanka for several weeks? He may have been within his rights in appointing a three-member panel to advise him on alleged war crimes committed in Sri Lanka. But it is questionable whether he can go further, for which he has no UN mandate. Obviously, powerful forces are arrayed behind him, one of which is certainly the US as suggested by some seeming coincidences. Another is Britain, because it is known that where the American juggernaut goes, the British poodle follows. They are the forces in the conspiracy behind the Ban Ki-Moon antics, about which I believe there will be widespread agreement both within and outside Sri Lanka. But I want to go much further and suggest, heretically, that the other power involved in the conspiracy is India.

"  There are some things that we must bear in mind in relation to the Tamil Nadu factor in Delhi’s politics. India is not the conventional nation state which coheres for the most part around a major ethnic group. It consists of a huge multiplicity of ethnic groups, languages, religions, regional cultures etc, far more than in the case of Switzerland or any other country, so that Indian unity seems an anomaly. It has been plagued by what Indians used to call "  fissiparous tendencies"   right from the inception".
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At this point, I must state that no responsible Sri Lankan should do anything, particularly at this juncture, that could conceivably provoke anti-Indian hysteria in Sri Lanka. But, a realistic approach to the Ban Ki-Moon affair requires that India be regarded as a member of the conspiracy, at the very least as a possibility. We can take it that India has far more accurate and reliable information about what transpired in the final phases of the war than any other power. How, then, explain the thunderous silence over a long period from our most sympathetic, most reliable, and most powerful ally? The conclusion seems inescapable that India had found it politic to maintain that thunderous silence for reasons that it has chosen not to avow. I believe further that when those reasons are avowed, or they come to be understood, the international community as a whole – most certainly the Western powers – will regard the conspiracy as a benign one, with India’s role having behind it benign intentions towards Sri Lanka and the rest of the world.

The important point about the hypothesised partners to the conspiracy is that there is a convergence of interests that brings them together. All three are front-rank players in the new world order that is taking shape, together with Russia, China, Japan, Western Europe, and others such as notably Brazil to follow. Broadly speaking the new world order is to be established on democracy as the ideal form of governance, with a special focus on human rights. The problem about the new world order is that it has as its obverse side the new imperialism, a case which I have been arguing in earlier articles and which I cannot fully address here. In addition to being a front-rank player in shaping the new world order together with the US and Britain, India has a very special interest: it is to establish a stable and abiding political solution to Sri Lanka’s Tamil ethnic problem on the basis of devolution. We can take it that the US and Britain, as well as Western Europe, are deeply sympathetic towards that objective because it would be fully consistent with the new world order, while the others are probably ambivalent about it.

Human rights

I will now try to make sense of the Ban Ki-Moon affair in terms of the paradigm that I have very briefly sketched out above. The Westerners, who have been the most in earnest in improving human rights standards, have had much difficulty in utilising the UN for that and allied purposes, being sometimes forced to intervene in other countries without UN sanction. Russia and China can use their vetoes in the Security Council. Both countries have unsavoury human rights records, and both have serious minorities’ problems, Russia in particular having a grotesque record in Chechnya. In the Human Rights Council in Geneva also effective action can often be blocked by third world countries with unsavoury human rights records and which are not famous for fair and equal treatment of the minorities.

In that context, the Advisory Panel’s Report can be seen as a brilliantly successful outcome of a strategy aimed at circumventing the UN, at least to an important extent. True, the Report does not have a UN mandate behind it, but it is in the public domain and Sri Lanka has been effectively put in the dock. Other countries can make up their minds about the validity or otherwise of the supposed findings in the Report, taking into account of course the response of the SL Government. It is not clear what kind of action could follow. What is clear, however, is that it would be foolish to underestimate the power that can be deployed by the rich and powerful countries of the world, bearing in mind the economic and other vulnerability of many of the Third World countries, and bearing in mind also that Russia and China have to give priority to their own interests which may sometimes require compromises with the West. It does not seem excessive therefore to say that an eagle is poised over Sri Lanka prepared to swoop and strike.

International community

I come now to India’s very special interest to which I alluded above. It arises out of the fact that what happens to the Tamils in Sri Lanka – what happens in a negative sense – causes a fall-out in Tamil Nadu. It can cause restiveness there, or go further to the making of demands that Delhi intervene to safeguard the legitimate interests of the SL Tamils. It can go even further than that and theoretically lead to demands for a separate Tamil Nadu state, or - according to a recent statement by an influential Tamil Nadu politician – to the demand that India take action to break up Sri Lanka as happened to Pakistan. India can, therefore, claim a legitimate interest in what happens to the SL Tamils. Most Sri Lankans would refuse to recognise that claim, but evidently the international community accepts it as shown for instance by the fact that the 1987 air-drop did not lead to condemnation of India for violation of international law and aggression against Sri Lanka. Only Japan made a mild demur by stating that India had ‘transgressed’ international law. A recent development should illuminate us about the legitimacy of the Indian claim: as a consequence of the earthquakes in Japan we are now concerned that nuclear reactors in South India can leak with terrible fall-out in Sri Lanka. We, therefore, could have a legitimate interest in a development within India. Likewise, we should accept that India could have a legitimate interest in what happens within Sri Lanka.

Some Sri Lankans have in recent times come to believe that the Tamil Nadu economy is booming so gloriously that most of the people there have lost all interest in what happens to the Tamils here. It may well be so, but sometimes what counts is not what the people want but what the politicians want. At the moment Jayalalitha, Karunanidhi, and other TN politicians are making escalating statements against Sri Lanka with the polls in mind. What really matters however is that Delhi has perforce to engage in futurological exercises to guess what could happen if Sri Lanka’s ethnic problem remains politically unsolved. It is normal in futurological exercises to extrapolate past and present trends into the future, which is recognised as a legitimate procedure because usually what has been happening continues to happen. But sometimes the totally unexpected erupts with terrifying force. The best example is of course that of the collapse of Soviet and East European communism, and the break-up of the Soviet Union. All the experts were confounded, except for just two who – as far as I know – correctly forecast what was going to happen – Patrick Moynihan in the US and Emmanuel Todd in France.

There are some things that we must bear in mind in relation to the Tamil Nadu factor in Delhi’s politics. India is not the conventional nation state which coheres for the most part around a major ethnic group. It consists of a huge multiplicity of ethnic groups, languages, religions, regional cultures etc, far more than in the case of Switzerland or any other country, so that Indian unity seems an anomaly. It has been plagued by what Indians used to call "fissiparous tendencies" right from the inception. The Kashmir problem and the separatist struggles in the North East have persisted for decades. Obviously, Pakistan would like to see the break-up of India, and so may other powers in time to come. It has to be expected therefore that any sense of alienation in Tamil Nadu over the treatment of SL Tamils, and the perception that India is not responding adequately, is not something that Delhi can ever afford to ignore. We must face up to two facts. India has a legitimate interest in how Tamils are treated in Sri Lanka, which I believe is recognised by the international community as a whole – though of course that legitimate interest can morph into bullying and unwarranted interference. The second fact is that it is not just any legitimate interest that we are concerned with here, but – since it concerns India’s survival as a unity – a vital and primordial interest.

Conspiracy

According to the argument that I have been developing above it would be mistaken to give primary importance to Ban Ki-Moon, a dancing puppet, rather than to those who could be manipulating the strings. I have hypothesised a conspiracy in which the actors are the US, Britain, and India. The US has been known to be supportive of the Ban Ki-Moon Panel for several weeks, and according to The Island reports of yesterday and today, April 29, the US and Britain assert the identical position that accountability and ethnic reconciliation have to go together and that action should be taken in pursuance of the Report. Most important of all is the Delhi Foreign Ministry statement (The Island of April 28) which included the following, "The issues raised in the report need to be studied carefully. As a first step, we intend to engage with the government of Sri Lanka on the issues contained in the report." Russia has declared that it would use the veto should it become necessary, but apart from that there appear to have been no international governmental reactions to the Report.

It would be to labour the obvious to say that we should now move seriously towards a political solution of the ethnic problem, with the concurrence of India – something which has to be handled diplomatically to avoid rousing anti-Indian hysteria. The 13th Amendment still seems to be valid under international law. In any case India wants a solution on the basis of devolution, and that seems to be the problem because the Government has given the impression that it has developed an allergy to devolution. Modifications of 13A may be possible, and so might other options. But it is not necessary to discuss them here because what is crucial now is to establish that the Government is really serious about reaching a political solution. This is crucial because the Government has also given the impression of prevaricating by talking for two years about a home-grown solution without doing anything about it. Such a solution – or at least a basis for talks – is already available in the form of the year 2000 devolution proposal which got the concurrence of the major parties. That provides the basis for a home-grown solution because it was not formulated under pressure from India or anyone else.

Charges and recriminations

If the reading provided in this article is correct, we can expect the pressure for an international inquiry – or indeed for any serious inquiry – to ease or cease altogether once the Government establishes its credibility about really moving towards a political solution. There are two major reasons for this. One arises from the fact that any serious enquiry necessarily has to be a very protracted one, leading to charges and counter-charges and recriminations, and possibly rousing undying hatreds. All that will necessarily mean that a political solution and ethnic reconciliation will have to go into abeyance for many years. Can anyone in his right mind be really confident about the eventual outcome? It could well be a further bout of war. Does the international community, by which I mean the UN membership as a whole, really want that for Sri Lanka, a small country that is incapable of harming any one but itself? It would surely make better sense to go for a political solution now, and some measure of ethnic reconciliation before holding a serious enquiry.

The second reason why we could expect an easing of pressure if we are seen to be moving seriously towards a political solution is that while the Ban Ki-Moon conspiracy can be seen positively in the context of moves to promote a New World Order, it can also be seen negatively as an exercise in the New Imperialism. The Sri Lankan media and the public have been relentlessly making charges of double standards, and there has been no reply at all. The ugly truth is that there is one law for the rich and powerful, and another for the poor and weak, and that surely is at the foundation of all imperialism past and present. It cannot be at the foundation of a New World Order worth the name. So, while the rich and powerful can very effectively deploy their power against small vulnerable countries such as Sri Lanka, they cannot do so with an easy conscience, at least not in the present case.

In the present case, it is crucial to draw a distinction between two categories of war crimes and human rights violations. One consists of what was done in Rwanda, Kosovo, and Darfur, where they were of so outrageous an order that no one with an average moral sense could object to international preventive and punitive action. The other consists of war crimes and human rights violations that take place inevitably in every large scale war. We should bear in mind what the greatest authority on war, Clausewitz, has to say on war in general: "Philanthropic people can easily imagine that there is a way of contriving to disarm and defeat the adversary without shedding too much blood. … It is an error which should be eliminated … We cannot introduce a principle of moderation into the realm of war without committing an absurdity. War is an act of violence and there is no limit to the manifestation of that violence." Jean Bacon, in a brilliant book the title of which I am not competent enough to translate accurately, provides that quotation from Clausewitz and adds about the rules of war, "In the course of the last two world wars, every solemn undertaking given by the great powers has been violated, without exception." So, let not the great powers of today be overly censorious about alleged war crimes in Sri Lanka. Let them be content if Sri Lanka now moves seriously towards a political solution.

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