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Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us Today's WrapUp by Ike Iossif 02.03.2004  Mon   Tue   Wed   Thu   Fri   Archive "Summary for Trading Week Ending 01-30-2004" Last week's action resulted in a rather mixed picture, which in my view calls for a "neutral" bias this week. First of all, NASDAQ did close below 2105, which was negative, but the SP didn't close below 1122, which was positive. The McClellan Oscillators got to oversold territory, which means a bounce should be imminent--a positive--but the rest of the indicators didn't come even...

Home  l  Broadcast  l  Market Monitor  l  Top 10  l  Storm Watch  l  Sitemap  l  About Us   Today's WrapUp by Jim Puplava 02.02.2004  Mon   Tue   Wed   Thu   Fri   Archive Storm Clouds, Crises and Opportunities in EnergyNothing surprises the markets more than when the unexpected occurs. Surprise earnings, missed estimates, a sudden downturn or upturn in the economy or a geopolitical rogue wave such as the events of 9-11 can turn the markets around rather suddenly. Markets thrive on certainly and come unglued when events change or when the unexpected arrives. Economists, analysts, and investors prefer linear trends that...

WASHINGTON (Reuters) - The U.S. Labor Department on Tuesday defended Bush administration plans to change overtime rules, and labor groups said the proposed changes threaten to cut paychecks of millions of Americans. Labor Secretary Elaine Chao said the administration wants to change the 1938 law to ensure an additional 1.3 million low-wage workers can claim overtime pay. Updating the law to better define who is eligible for overtime would also help cut down on litigation in pay disputes, Chao told a Senate panel. But Richard Trumka, secretary treasurer of the AFL-CIO, the nation's largest labor federation, said 8 million workers...

Sitting with the metal Richard Russell Dow Theory Letters Dec 22, 2003 Extracted from the Dec 19, 2003 issue of Richard's Remarks Gold --Back in 1947 when I graduated from college it was hard, ridiculously hard, to find a job. Millions of WWII vets had come back into the economy, and we were all looking for work. I was a pretty good artist, and I was lucky enough to find a job working for a textile company, designing and selling textiles. This was a company run by two brothers and their brother-in-law. During the Depression these guys would travel...

<p>Child-support advocates such as Geraldine Jensen can't wait for Congress to pass the Welfare Reform bill, which is expected to contain stronger child-support collection initiatives.</p> <p>The House as well as Senate chambers are paving the way to pass a sweeping welfare bill that would call for an increase in child-care spending and stringent child-support programs. The legislators are amending and reauthorizing the Welfare Reform Act of 1996.</p>

NEW YORK - After the price of gold bottomed at $255.95 per ounce on April 2, 2001, the shiny yellow metal began a steady ascent--hitting $382 on Feb. 5, 2003. A decline in central bank selling and worldwide gold production, as well as geopolitical instability, global terrorism, a prolonged bear market in stocks and a weakening U.S. dollar have all played a role in thrusting bullion up 50% from its low to its high earlier this year. Click here to profit from our Monday morning FREE e-mail dispatch "Forbes Newsletters' Stock of the Week." Gold-mining stocks have done even better....

<p>Supervisors sit behind bulletproof glass at the D.C. Department of Motor Vehicles inspection station. That might appear unnecessary, since they don't accept cash. But, it seems fitting to longtime residents. "Oh, they harass us," said one cab driver of DMV's Soviet-style inspection facility. "We won't go down there. We pay people to take our cabs through." To ensure they pass, the cabbie confided, "They put a twenty in the ashtray."</p>

Police said Brian P. Harrell, 24, was arrested Friday in Athens after being stopped about 1:30 a.m. while driving without his headlights on. Harrell - who has worked for two weeks as coordinator for the Chatham County State Court's newly developed DUI program - said he had been drinking but "not much," police said. Tests indicated Harrell's blood-alcohol level was 0.13. The limit in Georgia is 0.08. The State Court DUI program is a pilot project intended to help offenders avoid incarceration by following probation. AP-ES-03-26-03 0923EST

CAPE CANAVERAL, Fla., Feb. 7 (UPI) -- NASA on Friday released an image taken about a minute before shuttle Columbia broke up over Texas last Saturday, killing its seven-member crew. The grainy black-and-white picture, taken by an Air Force tracking camera at Kirtland Air Force Base in New Mexico as part of a routine exercise, shows a difference between the shuttle's left and right wings, but nothing that clearly indicates left wing structural damage to an untrained eye, said shuttle program manager Ron Dittemore. Air Force photographs of the shuttle showing left wing damage was reported by Aviation Week and...

U.S. prepares for possible use of nukes in Iraq, expert says By PAUL RICHTER Los Angeles Times WASHINGTON -- As the Pentagon continues a highly visible buildup of troops and weapons in the Persian Gulf, it is also quietly preparing for the possible use of nuclear weapons in the potential war against Iraq, according to a report by a defense analyst. Although they consider such a strike unlikely, military planners have been actively studying lists of potential targets and considering options, including the possible use of so-called "bunker buster" nuclear weapons against deeply buried military targets, says analyst William M....

<p>COLUMBUS (AP) -- The state is considering tax increases to help balance its budget and has warned agency directors that more spending cuts also may be needed early this year, Gov. Bob Taft's budget director said.</p> <p>Any tax increases to help plug a hole in the current budget probably would be on alcohol or cigarettes, director Tom Johnson said Thursday. However, any tax, including sales and income taxes, could be considered for possible increases in the next two-year budget.</p>

Court of Appeals upholds Oregon's photo radar law 11/21/02ASHBEL S. GREEN The Oregon Court of Appeals on Wednesday rejected a constitutional challenge to the state's photo radar law. Christine Dahl, who received a photo radar citation in the mail from the Portland Police Bureau in March 2000, argued that the law required her to demonstrate she was not driving, in effect forcing her to prove her innocence. Such a requirement would be unconstitutional in a criminal case, but the Court of Appeals said it was allowable under the photo radar law because traffic tickets do not result in incarceration....

reparing to step down tomorrow after five years, the Commissioner of the Internal Revenue Service, Charles O. Rossotti, says the agency is steadily losing the war with tax cheats, especially the wealthiest and most sophisticated among them. The Bush administration, which has yet to name a replacement for Mr. Rossotti, recognizes that tax cheating is widespread but says the I.R.S. is getting the right amount of money in its budget. And the administration stopped Mr. Rossotti from speaking his mind to Congress, according to three senior I.R.S. officials. The officials said the oversight subcommittee of the House Ways and Means...

First let me say for the record that this is my first vanity post. I have made it a personal rule of mine not to do this more than once a year, so this is my one vanity post for 2002. It has been almost a year since the 9/11 attacks. We have had a lot of things thrown at us in the past 11 months. I'll assume that everyone here attended the School-of-the-Bleeding-Obvious, so I won't bother to list them all. But there have been three very important news stories that screamed "Hey, look over here! This is important!"...

LONDON, Ont. -- The adversarial terms "custody" and "access" will be eliminated from Canada's divorce laws in legislation to be introduced this fall.Martin Cauchon, the Justice Minister, said on Monday he intends to abandon the words because they create a "perception" of winners and losers.His changes to the Divorce Act will be coupled with increased counselling and mediation for divorcing parents that will focus on the best interests of their children."I want to focus more on services," stressed Cauchon, whose proposals are intended to walk a fine line between the competing interests of mothers and fathers.Sources said new terminology to...

The already depressed computer industry could take another hit if a new tax on desktop and notebook computers and on monitors is passed into law.The tax proposal, introduced by Rep. Mike Thompson (D-CA), would be used to pay for a federal program to administer the ultimate disposal of the machines. In a statement coinciding with the introduction of the "Computer Hazardous-Waste Infrastructure Program," or CHWIP, Thompson claimed that more than one-half billion personal computers will be thrown away in the U.S. alone between now and 2007. He offered no source for the figure.Referring to the existence of obsolete computers as...

For Immediate ReleaseMonday, July 15, 2002 Contact: Paul Wilkinson202-225-6168 Policy Chairman’s Child Support Enforcement Act to be Introduced News Conference: 11:45 a.m., Tuesday, July 16, Cannon Terrace, with Rep. Cox, Sen. Boxer Helps Families Owed Child Support WASHINGTON--House Policy Chairman Christopher Cox (R-CA) and Senator Barbara Boxer (D-CA) will join a group of parents and children owed child support Tuesday to introduce legislation that gives immediate relief to over two million families owed child support, and encourages delinquent parents to pay child support on time. “I’m pleased that the Association for Children for Enforcement of Support will be joining...

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'Internet sex' wife loses child custody Clare Dyer, legal correspondentThursday May 23, 2002The Guardian Two young children are to live with their father after their mother lost her battle for custody because she had used the internet to meet men for "social and sexual contact". The father, who lives in Hertfordshire but who cannot be named for legal reasons, won the right to have the boy and girl live with him in February. Yesterday, two of England's senior family judges upheld a county court judge's decision to let the children live with their father after hearing details about the mother's...

GOP grapples with budget Leaders give up after long night of talks Thursday, May 23, 2002 Lee Leonard Dispatch Statehouse Reporter Ohio House Republicans struggled mightily last night but failed to push through a Senate-passed bill to close a $1.77 billion gap in the $44 billion state budget over the next 13 months and get it to Gov. Bob Taft for his signature. House Speaker Pro Tempore Gary Cates adjourned the House shortly before 1 a.m., saying GOP leaders hoped to have the required 50 votes for passage by 10 a.m. today. They were said to be a half-dozen...