A thrilling week at Wall Street

A very difficult and thrilling week is beginning at Wall Street. After it recovered from the losses two weeks ago now the answers for decisive questions are expected. In Monday night president Bush will make his State of Union Address. If the proposed $150 billion tax rebate is not approved by Congress, the market will be worried about American's spending again. In Wednesday, Federal Reserve will finished it's meeting and released it's decision if cut the rates again or not. At last in Friday the investors will receive data, how the economy fared in January. The largest bank on Wall Street, Dov Jones reported losses 8% since the beginning of the year and this January could be the worst since 1960 for them. "If we are not at a bottom we are probably very close," said Antony Conroy managing director and head trader for BNY ConvergEx Group. But he believes, there is no reason to be afraid of total recession because the market is mercurial and many important data and answers just have been expected. This week,many large companies will report their earnings such as American Express Co. MacDonald's Corp., Verizon, Exxon Mobil Corp., Starbucks Coffee. Co., homebuilders Centex Corp. and Pulte Homes Inc. as wall as the Internet companies Yahoo Inc. and Google Inc. On Monday are expected data of December new home sales,on Wednesday the first estimate of four-quarter gross domestic home product and this are only few news the Wall Street is waiting for this week.. Since the World War II. there have been 11 recessions, lasting for 10 months but Wall Street needed six months to overcome it.

Edited by: Katarina Bosanska

These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

Bernake put & the biggest rate cut in last twenty years!Bernake put & the biggest rate cut in last twenty years!

After a shaky week for the US property market, an emergency U.S. interest rate cut fetched perceptions the Federal Reserve has a bias to it. The situation became worse, when sales of existing homes reached the bottom in last two years in July, and the new home sales fell down 22% on last year. It indicates bad news for the debt laden US consumer. Tuesday Jan 22, US central bank was obliged to make the biggest rate cut in last two decades, after huge losses in stock market on Monday. Morgan Stanley economists Richard Berner and David Grenlaw wrote on Friday, transmitted to Ben Bernake, the current chairman of the central bank, "Disclosures that unwinding of rogue trades also contributed to the weekend meltdown have nurtured perceptions that a new 'Bernanke put' has appeared," According to the Telegraph, there are two possible readings of the Fed's decision, either something unclear in the woodwork, or Wall Street's cheap money addicts had simply been handed one more fix for their catastrophic habit. Still there is a lot of critics by a virtue of Greenspan put, unofficial named according to the last Fed Chairman Alan Greenspan, who maintained the policy of lowering interest rates to help the markets stabilize. Federal Reserve aiming to avoid of an image of bailing out investors and an effort to help markets function smoothly had made firm steps from market turmoil from August. Bernake claimed on a central bank gathering, that it was not the responsibility of the Federal Reserve to protect lenders and investors from the consequences of their financial decisions. "But developments in financial markets can have broad economic effects felt by many outside the markets, and the Federal Reserve must take those effects into account when determining policy," he quoted Morgan Stanley's Andy Xie continues: "When inflation happens, central bank pampering is supposed to stop - like doting grandparents running out of money. However, a new trick is being discovered to fill the hole. The data-dependent Fed suddenly wants us to ignore current inflation and focus on a future with no inflation."

Edited by: Katarina Bosanska

These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

Treasury Secretary Paulson believes in increase of US economy

Economy of United States is one of the biggest and still fastest growing economy of the world. Now the major representatives face the dilemma of accepting or rejecting the stimulus package. The global economy was last weeks in a recession, which was caused by the sharp decline in US housing sector. This fact affected the whole world and, for sure, mainly the US monetary economy and financial institutions. Major representatives believe, that the economy of Us will be going on with its increasing trend, but they also know, that this is the time to implement emergency stimulus package. "I believe that the economy is going to continue to grow," said US Treasury Secretary Henry Paulson. Even though, he added: "We all acknowledge the risks to the downside, and the cost of doing nothing is too great. That is why it is so important that the Senate move very quickly to pass this bipartisan agreement." On Thursday, The White House and the leaders of the House of Representatives, come to agreement on a plan worth approximately $150 billion, that should be a stimulus to regenerate the US economy from the sharp decrease from the last weeks. The package is now being discussed in the Senate, where talks continue on whether to set the bill on or make some improvements. The representatives of Senate hope, that until February 15, the bill would be set forward for the president's signature to the White House.

Edited by: Katarina Bosanska

These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

The greatest fraud performed for no reason

Humans tend to behave after a strange manner time to time. As it is accustomed, everything we do is an action for a reason. Despite this generally known and accepted fact, there are always some exceptions. Just like in a recently investigated case in France. A trader of Societe Generale, one of the leading financial service groups in the euro zone, is accused of losing 4.9 billion Euros ($7.2 billion) through unauthorized dealing. The biggest-ever trading fraud by a single person is still being investigated, but so far some detected facts are staggering. The act of Jerome Kerviel began when he set up positions in futures linked to European stock indexes and then hedged them with fictitious trades. The entire fraud can have been performed as he hacked into computers and faked e-mails and documents to hide his trades as well as he exploited other weaknesses in controls. He took only four days off last August and postponed a vacation at the end of the year, Societe Generale said. Banks often make trading staff take time off so any concealed positions will become evident in their absence. The issue is deemed a proof of a clear fault in the bank's control systems and a need of tighter regulation of the state too, as both the bank officials and the president Sarkozy acknowledged. However, there is also another striking aspect of the case - the reason of Kerviel's step. As claimed by bank's CEO: "we don't know, we don't understand what drove him to do it." Kerviel's motivations are still quite unclear and therefore the event is a massive shock for the Societe Generale. In fact, the defendant didn't steal anything, take anything, he didn't take any profit for himself. Rather reserved and considerate Kerviel used to be a successful and hardworking employee and as his lawyer said the trader made profits for the bank through 2007and took risky positions like all traders. Our actions don't need to be done for a reason. Sometimes we behave somehow subconsciously, we simply want to achieve some position. Just like Kerviel, we need to prove our ability to reach a particular target or to show how efficient our work can be performed. This case unveiled our every-day behavior. It is just a common move accomplished in an extreme way.

Edited by: Katarina Bosanska

These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

The greatest fraud performed for no reason

Humans tend to behave after a strange manner time to time. As it is accustomed, everything we do is an action for a reason. Despite this generally known and accepted fact, there are always some exceptions. Just like in a recently investigated case in France. A trader of Societe Generale, one of the leading financial service groups in the euro zone, is accused of losing 4.9 billion Euros ($7.2 billion) through unauthorized dealing. The biggest-ever trading fraud by a single person is still being investigated, but so far some detected facts are staggering. The act of Jerome Kerviel began when he set up positions in futures linked to European stock indexes and then hedged them with fictitious trades. The entire fraud can have been performed as he hacked into computers and faked e-mails and documents to hide his trades as well as he exploited other weaknesses in controls. He took only four days off last August and postponed a vacation at the end of the year, Societe Generale said. Banks often make trading staff take time off so any concealed positions will become evident in their absence. The issue is deemed a proof of a clear fault in the bank's control systems and a need of tighter regulation of the state too, as both the bank officials and the president Sarkozy acknowledged. However, there is also another striking aspect of the case - the reason of Kerviel's step. As claimed by bank's CEO: "we don't know, we don't understand what drove him to do it." Kerviel's motivations are still quite unclear and therefore the event is a massive shock for the Societe Generale. In fact, the defendant didn't steal anything, take anything, he didn't take any profit for himself. Rather reserved and considerate Kerviel used to be a successful and hardworking employee and as his lawyer said the trader made profits for the bank through 2007and took risky positions like all traders. Our actions don't need to be done for a reason. Sometimes we behave somehow subconsciously, we simply want to achieve some position. Just like Kerviel, we need to prove our ability to reach a particular target or to show how efficient our work can be performed. This case unveiled our every-day behavior. It is just a common move accomplished in an extreme way.

Edited by: Katarina Bosanska

These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

Letisku Stewart sa blyska na lepsie casy

Zda sa, ze medzinarodne letisko Stewart International Airport, nedaleko New Yorku, ma svetlu buducnost. Je sice este male a nerozvinute, no vdaka svojej vyhodnej pozicii by sa mohlo stat lakavym pre miliony cestujucich rocne. Uz teraz sluzi ako ventil popri zapchach na okolitych letiskach ako Kennedy International, Newark Liberty International a LaGuardia, a kompetentni veria, ze moze byt ekonomickym pohonom pre New York. Anthony Shorris, vykonny riaditel uradu leteckej dopravy, povedal: ,,Stewart moze byt akymsi signalom pre mnoho veci. Kotvou pre rast v Hudson Valley, vyrazne odlahcenie pre ostatne letiska, ako aj tvorcom stoviek pracovnych miest a ekonomickeho rastu." Urad leteckej dopravy prevzal letisko v novembri a chysta sa nan minut 500 miliionov dolarov v priebehu nasledujucich 10 rokov. Uz nastali aj povsimnutiahodne zmeny, ako napriklad nove siroke pristupove cesty veduce na letisko a priestor na 350 parkovacich miest, ktore sa uskutocnili v priebehu 3 tyzdnov, ci mnozstvo novych vozikov v hale pre vydaj batoziny. Generalna manazerka letiska, Diannae Ehler, povedala, ze s prichodom novych aeroliniek bude letisko sluzit trojnasobnemu poctu pasazierov ako v roku 2006. Podla slov cestujucich, aj ceny su omnoho vyhodnejsie ako na inych letiskach. Viac sa oplati odsoferovat 100 mil k letisku Stewart a letiet odtial, ako vyuzit sluzby ineho letiska, ktore je blizsie k ich domovu. Letisko taktiez vyvija velke biznis parky na vacsinovej, neletecky vyuzitej pode. Rozsirene biznis parky su umiestnene v prvom rade v meste, v Novom Windsore. Toto mesto ma za sebou usilovnu pripravu na rozvoj tychto biznis parkov, roznym vylepsovanim, ako aj zvacsovanim kapacit mestskeho kupelneho zariadenia. Obyvatelia Noveho Windsoru sa nevedia dockat blizkej spoluprace s medzinarodnym letiskom Stewart I. A., aby sa stali dolezitou linkou pre siet dopravy Spojenych Statov, klucovym aktivom Hudson Valley v state New York, ako aj zakladnou pre nove technologie.

Edited by: Katarina Bosanska

These news are brought to you by CantellTV, it's technology partner SigEx Telecom and it’s founder Christopher M. Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.