বৃহস্পতিবার, ৮ আগস্ট, ২০১৩

Florida Agriculture Financial Management Conference

Orlando, Fla. ? The executive committee of the annual Florida Agriculture Financial Management Conference has officially announced the dates for this year?s conference on October 21 ? 22, 2013 at the Omni Orlando Resort at Champions Gate. Some of the nation?s leading agricultural and economic experts will be in Orlando to address financial strategies impacting one of Florida?s primary industries. A portion of the funding for the conference is provided by the Florida Department of Agriculture and Consumer Services through a USDA Specialty Crop Block Grant.

Conference attendees will learn best practices to help their businesses move to the next level. Educational sessions will cover topics such as economic forecasting, risk management, banking and lending trends, business succession planning, regulatory issues, compliance measures surrounding the Patient Protection Affordable Care Act, and external factors influencing cash flow.

Event organizers have maintained their commitment to offer a high-quality experience and affordable pricing at one of central Florida?s premier golf and recreational resorts. Regina Thomas, co-chair of the conference noted, ?It?s very important that we?re able to offer registration and accommodations at a reasonable price that is attractive to farmers and agricultural producers. Our focus is on mentoring agribusinesses to grow in an industry that has seen rapid change. We want to help them diversify and stay ahead of the curve.?

People who should attend the conference include agribusiness owners and operators, accounting managers, chief financial officers, controllers, attorneys and certified public accountants. For more information or to register, please visit www.fafmc.org.

In addition, corporate sponsorship packages are now available and include registration for four attendees, introduction of speaker(s) at one session during the conference, recognition at the Monday evening cocktails & hors d?oeuvres reception, signage prominently displayed at conference, collateral distribution, digital attendee contact list, display table in exhibition area, exposure via electronic/website promotions, and logo recognition in the brochure. Contact Karen Keene at kkeene@deanmead.com for sponsorship details.

Source: http://southeastagnet.com/2013/08/08/florida-agriculture-financial-management-conference/

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সোমবার, ২৯ জুলাই, ২০১৩

Treasury's Lew: Congress needs to pass debt limit

Treasury Secretary Jacob Lew: He says that just "negotiating over the debt limit, after 2011, would introduce this notion that somehow there's a question about whether or not we're going to pay our bills." He says Congress should return from the August recess and raise the debt limit so "there's no uncertainty about America's ability to pay its bills."

WASHINGTON (AP) - Congress needs to raise the debt limit and take away the "cloud of uncertainty" about the nation's ability to pay its bills, Treasury Secretary Jack Lew said in an interview broadcast Sunday.

"The fight over the debt limit in 2011 hurt the economy, even though, in the end, we saw an extension of the debt limit. We saw confidence fall, and it hurt the economy," Lew said on NBC's "Meet The Press." Congress needs to do its job. It needs to finish its work on appropriation bills. It needs to pass a debt limit."

Senior lawmakers on Capitol Hill are trying to come up with must-do legislation to keep federal agencies running after Sept. 30 and prevent the possibility of a government shutdown.

At issue is what is normally routine: a plug-the-gap measure to fund the government for a few weeks or months until a deal can be worked out on appropriations bills giving agencies their operating budgets for the full 2014 fiscal year, which begins Oct. 1.

However, some Democrats don't want to vote to continue to fund the government at new, lower levels mandated by the automatic, across-the-board spending cuts known as sequestration. And some conservatives are making a last stand against President Barack Obama's new health care law. In addition, Senate Democrats are resistant to a $20 billion spending cut sought by many Republicans.

The issue has divided Republicans between those who think it's appropriate to use the threat of a government shutdown as a negotiating tactic, and those who don't.

Rep. Peter King, R.-N.Y., said Republicans should be searching for ways to de-fund or repeal the Obama health care act. But he called threatening to shut down the government "terror politics" and said the strategy wouldn't work. Others have worried that the gamesmanship could cause Republicans to lose control of the House.

Some observers say it's an idea doomed to fail anyway, since Obama brings both a veto pen and the White House podium to the battle.

"We should not be closing down the government under any circumstances," King said Sunday on CNN's "State of the Union."

Sen. Mike Lee, R-Utah, has taken just that tack, rounding up fellow conservatives to pledge to oppose any budget extension that funds implementation of the health care law. Sunday, he said it was unfair to implement a law that many Americans don't want and that still has wrinkles that need to be ironed out.

"I understand that there's some in the Washington establishment, some from both political parties, that weren't happy with me over this," Lee said on "Fox News Sunday." "And in this instance, I'm going to take that as a compliment, an indication that I'm doing something right.

"The fact is that we can delay this bill. And if we can delay it, we can stop its consequences, at least for now."

Lew maintains that the president won't negotiate over the $16.7 trillion debt limit.

"The mere fact of negotiating over the debt limit, after 2011, would introduce this notion that somehow there's a question about whether or not we're going to pay our bills, whether or not we're going to protect the full faith and credit of the United States," Lew said on ABC's "This Week with George Stephanopoulos."

"(Congress) has to stop looking for what's the last possible moment," Lew told "Fox News Sunday." "They should get back after they take their time off in August and they should finish their work and get it done so that there's no uncertainty about America's ability to pay its bills."

That contrasts with remarks made last month by House Speaker John Boehner.

"If we're going to raise the debt limit, then we've got to do something about what's causing us to spend more money than what we bring in," Boehner, R-Ohio, said on CNBC last month. "So guess what? We're going to have a debate, and we're going to have a negotiation."

Separately, Lew said no federal bailout is in the works for the city of Detroit, which recently filed for bankruptcy protection. Pressed as to why the government chose to bail out big banks, the auto industry and others, but isn't assisting the city, Lew said on CNN's "State of the Union" that the government has been giving Detroit technical advice and has made resources available to help take down blighted properties through federal programs.

But Lew said that the situation during the financial crisis that warranted the other bailouts was "unique," and that the current problems that Detroit has with its creditors, "it's going to have to work out with its creditors."



The Chicago Tribune contributed to this report.

Original Print Headline: Lew urges accord on debt limit

US & World

As Bulger's defense begins: Will he testify?

Lawyers for James "Whitey" Bulger acknowledged he ran a lucrative criminal enterprise that took in millions through illegal gambling, extortion and drug trafficking.

U.S. says Mideast talks to resume

The U.S. on Sunday announced the resumption of Israeli-Palestinian talks following years of stalemate, after Israel's Cabinet agreed to release 104 Palestinian prisoners convicted of deadly attacks.

Source: http://www.tulsaworld.com/article.aspx/Treasurys_Lew_Congress_needs_to_pass_debt_limit/20130729_13_A5_CUTLIN307465?rss_lnk=16

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শুক্রবার, ২৬ জুলাই, ২০১৩

Mobile boosts Baidu's second-quarter revenues; buy-outs grip sector

By Paul Carsten and Lee Chyen Yee

BEIJING/SINGAPORE (Reuters) - Revenues from Baidu Inc's mobile services surpassed 10 percent of its quarterly total for the first time in the April-June period, dispelling fears that China's largest Internet search was losing market share to rivals.

Baidu has invested in location-based services, apps and online videos to make money off smartphone users as it looks to diversify its revenue stream and fend off increasingly stiff competition in the search market from rivals like Qihoo 360 Technology Co Ltd.

Investors had not expected these investments to boost revenues so soon, analysts said.

"Baidu said they were monetizing... but that was something the Street didn't factor in for the second quarter and especially for the third quarter," said Michael Clendenin, managing director of China-based advisory firm RedTech Advisors.

Baidu shares rose 12 percent in after-hours trade after it surprised investors with a higher-than-expected revenue forecast of $1.422 billion to $1.46 billion in the third quarter. Its second quarter revenues rose 28 percent from the previous quarter to $1.23 billion, in line with expectations.

"Our investments in mobile are already beginning to bear fruit," Baidu's Chief Financial Officer Jennifer Li told an analysts' briefing. "Mobile revenue for the first time accounts for over 10 percent of total revenue."

The company declined to disclose the percentage of its first-quarter revenues that came from mobile services.

ACQUISITION MANIA

China's mobile Internet market is expected to double to about 300 billion yuan ($48 billion) in 2014 from 150 billion yuan in 2012, with the number of active mobile Internet users rising to 749 million from 521 million during the same period, according to research firm Analysys International.

The growth potential in the mobile market has boosted total acquisitions, inclusive of net debt, in China's Internet sector to $1.6 billion so far this year, which is more than the $1.1 billion in the whole of 2012 and $900 million in 2011, according to Thomson Reuters data.

Potential targets like Sohu.com Inc, Kingsoft Corp Ltd, Jiayuan.com International Ltd and Ctrip.com International Ltd are also enjoying a boost to their valuations.

The average twelve-month forward price-to-earnings ratio for the four companies was 24.35, compared to the Chinese Internet sector's average of 19.24, Thomson Reuters data showed.

Last week, Baidu said it would buy app store 91 Wireless for $1.9 billion from NetDragon Websoft Inc and other shareholders. [ID:nL4N0FM0V5] In May, it said it would buy the online video business of PPS Net TV for $370 million.

Chinese rivals Tencent Holdings Ltd and Alibaba Group are also investing to stimulate revenue growth.

Tencent is eyeing Western game developers to create games for its popular WeChat app, said Steve Grey, an executive in charge of game production.

Alibaba this year bought stakes in Sina Corp's social-networking website Weibo and in navigation and maps firm AutoNavi Holdings Ltd. Qihoo 360, which also has an app store, is in talks to acquire Sohu's search engine in a deal that could give it almost one quarter of China's search market.

"They're all moving in the same direction, but on mobile they don't know what the proven business model is," said Elinor Leung, an analyst at brokerage CLSA. "So the way to do it is do everything and see which works out eventually."

The rush to expand into mobile means some companies may be overpaying for acquisitions, RedTech Advisors' Clendenin said.

He estimates Alibaba paid ten to eleven times Sina Weibo's projected 2014 sales for its share while the cost to Baidu could be 18 to 19 times the projected sales of 91 Wireless.

"With Baidu there wasn't really much left on the table. I think NetDragon knew they had an advantage," Clendenin said.

"They were one of the few girls left at the dance willing to go out with Baidu."

(Corrects paragraph 5 from shares closing 11 percent higher to shares rising 12 percent in after-hours trade)

(Additional reporting by Pete Sweeney in Shanghai; Editing by Miral Fahmy)

Source: http://news.yahoo.com/mobile-boosts-baidus-second-quarter-revenues-buy-outs-104200183.html

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বুধবার, ২৪ জুলাই, ২০১৩

The Statement Anthony Weiner Should Release (Atlantic Politics Channel)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/321536461?client_source=feed&format=rss

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Cross-Canada bike trip takes tragic turn as truck kills two cyclists in northwest Ontario

NIPIGON, Ont. ? Two cyclists on a cross-country group tour are dead after a collision on a stretch of the Trans-Canada highway north of Lake Superior in northwestern Ontario.

Police say a group of 25 cyclists was travelling eastbound on the highway west of Nipigon, Ont., on Tuesday, when two of them were struck by an eastbound pickup truck.

The group had set out from Vancouver last month on a Tour du Canada ride.

The victims have been identified as Robert Booth, 65, and Irene Booth, 69, from (the Township of North Glengarry) a community east of Ottawa.

After hitting the two cyclists, police say the pickup truck then struck two westbound vehicles ? one a pickup truck hauling a cargo trailer, the other a tractor trailer unit.

Our condolences go out to their families and friends

Police say the 66-year-old driver of the eastbound pickup and his passenger, both from Austin, Texas, and the two occupants of the tractor trailer were taken to hospital with unspecified injuries.

?Our condolences go out to their families and friends,? said a spokeswoman for Cycle Canada, a group that provides administrative support to the non-profit Tour du Canada.

The spokeswoman said the group was headed to Terrace Bay, Ont., on Wednesday.

Source: http://news.nationalpost.com/2013/07/24/cross-canada-bike-trip-takes-tragic-turn-as-truck-kills-two-cyclists-in-northwest-ontario/

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মঙ্গলবার, ২৩ জুলাই, ২০১৩

India Restricts Gold Imports Further

by Ana Komnenic
Mining.com

The Reserve Bank of India has added new restrictions on gold imports in an attempt to curb demand for the precious metal and reduce the country?s current account deficit.

Indian banks will now be required to set aside 20% of all imported gold for export purposes, The Times of India reports. The metal is to be held in bonded warehouses and banks may only import additional gold after they have exported at least 75% of those reserves.

The country?s current account deficit is nearly 5% and gold is a major driver behind that figure, second only to oil.

These restrictions add to a series of measures the Indian government has taken to reduce demand for the yellow metal, including import tariffs and bans on credit card purchases of gold on an installment basis.

Continue Reading at Mining.com?

Source: http://financialsurvivalnetwork.com/2013/07/india-restricts-gold-imports-further/?utm_source=rss&utm_medium=rss&utm_campaign=india-restricts-gold-imports-further

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Source: http://feedproxy.google.com/~r/collegehumor/videos/~3/dCgv2kXK73Q/skydiver-drop-kicks-baseball-player

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