It had been a while since I bogged. We took a trip last week which was eventful. We had a lot of fun. A lot had happened this week in the Wall Street. CEMJQ is still going strong and broke a Dollar mark this week. I think it’s still going to gain and will go to $ 2. OPC showed some strength on Wednesday and I thought the sleeping giant is finally waking up but looks like it’s going back to $ 2 mark. I am glad I took out some cash off the table. I am still optimistic about this stock. TPUT is a big disappointment. The stock just about wiped out. I am stuck and can’t do much right now. I am glad I made a few dollars in FLEX and IMGG. This is helping my portfolio to not look so bad. Let’s see what happens in the coming weeks.
TEHRAN, Iran – Hard-liners attacked senior pro-reform leaders in the streets as tens of thousands marched in competing mass demonstrations by the opposition and government supporters. Opposition protesters, chanting "death to the dictator," hurled stones and bricks in clashes with security forces firing tear gas. The opposition held its first major street protests since mid-July, bringing out thousands in demonstrations in several parts of the capital. In some cases only several blocks away, tens of thousands marched in government-sponsored rallies marking an annual anti-Israel commemoration.
TEHRAN, Iran – Hard-liners attacked senior pro-reform leaders in the streets as tens of thousands marched in competing mass demonstrations by the opposition and government supporters. Opposition protesters, chanting "death to the dictator," hurled stones and bricks in clashes with security forces firing tear gas. The opposition held its first major street protests since mid-July, bringing out thousands in demonstrations in several parts of the capital. In some cases only several blocks away, tens of thousands marched in government-sponsored rallies marking an annual anti-Israel commemoration.
WASHINGTON – President Barack Obama is sitting down for interviews with five television networks this afternoon, a highly unusual schedule even for a president who regularly uses the media to get his message across. Obama will be taping interviews with ABC, CBS, NBC, CNN and Univision that will be shown during the networks' Sunday morning talk shows. The only network missing from the lineup is Fox News, which has refused to carry Obama's last several prime time news conferences. Obama also is visiting David Letterman on Monday, the first appearance ever by a sitting president on Letterman's "Late Show." White House aides say Obama agreed to the interviews in order to reach as many people as possible with his health care reform message.
BRUSSELS – The head of NATO called Friday for the U.S., Russia and NATO to link their missile defense systems against potential new nuclear threats from Asia and the Middle East, saying that the old foes must forget their lingering Cold War animosity. Secretary-General Anders Fogh Rasmussen appealed for unity a day after the U.S. shelved a Bush-era plan for an Eastern European missile defense shield that has been a major irritant in relations with Russia. "We should explore the potential for linking the U.S., NATO and Russia missile defense systems at an appropriate time," Fogh Rasmussen said. "Both NATO and Russia have a wealth of experience in missile defense. We should now work to combine this experience to our mutual benefit," he said.
WASHINGTON (AP) -- Forty-two states lost jobs last month, up from 29 in July, with the biggest net payroll cuts coming in Texas, Michigan, Georgia and Ohio. The Labor Department also reported Friday that 27 states saw their unemployment rates increase in August, and 14 states and Washington D.C., reported unemployment rates of 10 percent or above. The report shows jobs remain scarce even as most analysts believe the economy is pulling out of the worst recession since the 1930s. Federal Reserve Chairman Ben Bernanke said earlier this week that the recovery isn't likely to be rapid enough to reduce unemployment for some time.
- Oil prices weakened Friday, dampened by concerns that a recovery in U.S. demand may be slower than expected and as stockpiles of refined products continued to rise. By mid-afternoon in Europe, benchmark crude for October delivery was down 47 cents to $72.00 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 3 cents to settle at $72.47 on Thursday. Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore, said oil prices were held back by a slide in regional stock markets and a stronger U.S. dollar. U.S. government data also indicated that economic recovery would be slow, which may mean less demand for energy in the near term by the world's largest crude user.
- WASHINGTON (AP) -- Regulators have proposed rules to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning "flash orders," which give some traders a split-second edge in buying or selling stocks. The changes, which are open to public comment for 60 days, could eventually be adopted by the agency, possibly with revisions. The credit rating industry was widely faulted for its role in the subprime mortgage debacle and the financial crisis. The five members of the Securities and Exchange Commission voted at a public meeting Thursday to propose rules that could reshape an industry dominated by three firms: Standard & Poor's, Moody's Investors Service and Fitch Ratings. Their practices would be opened wider to public view and subject to some restraints.
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