Using anecdotes, personal stories, and his expert opinions and insights, Pound will take this issue on with his usual straight talk and candor.
With doping charges leveled at athletes in baseball, cycling, and in the Olympics, cheating has, to many onlookers, become the norm in pro sports. He went on to win four medals–a gold, a bronze, and two silvers–at the 1962 Commonwealth Games in Australia.
Richard W. He is a past president, director, and executive committee member of the Canadian Olympic Committee.. No longer an issue that can be ignored by any country or any sport, doping is, according to Dick Pound, “one of the most important and difficult problems that sport will have to overcome in the future.” The chair of WADA, Pound is the authority in the world on doping in sports, and a passionate and outspoken advocate for upholding the ideals of fair play in an intensely competitive environment. Fighting for a doping-free culture in the world of sports is Pounds cause célèbre. Pound is the founder and chair of the World Anti-Doping Agency (WADA), an independent foundation created in 1999 to promote and coordinate the fight against doping in sport internationally. He served as the Chair of the Coordination Commission for the 1996 Olympic Games, and as a director of the Organizing Committee for the 1988 Olympic Winter Games in Calgary, Alberta. Inside Dope goes beyond the world of sports to touch on much broader social issues. Professional sports, leagues, and athletes are now being thrust into the doping spotlight that has been shone on Olympic athletes for years. It was partly because of Pound’s investigation of the Salt Lake City bribery scandal that new regulations and an ethics watchdog to oversee interaction between IOC members and bidding cities were created. He was also Chairman of the IOC Television Negotiation Committee (1983-2001), and Chairman of the IOC Marketing Committee until 2001, in the process making the IOC one of the most successful sport organizations in the world. TIME called “the relentless Dick Pound” the “prime mover in freeing the Olympic world from the taint of illicit, performance-enhancing drugs, and he isn’t going to stop until he has all the world’s sports in the tent.”
Pound has been a member of the International Olympic Committee (IOC) for over 25 years and has served as a member of the IOC Executive Board, vice-president, and acting president. Inside Dope puts the issue of doping in sports into context: why it has become such a problem; the role of drug companies, big business, doctors and trainers; testing and the battle to stay ahead of the users; WADA as the world’s watchdog; standards and the future of doping and sports. In 1999, he was made the seventeenth chancellor of McGill University.
For more information visit http://www.researchandmarkets.com/reports/c46048
DUBLIN, Ireland–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/reports/c46048) has announced the addition of Inside Dope: How Drugs Are the Biggest Threat to Sports, Why You Should Care, and What Can Be Done About Them to their offering.
Born in Canada in 1942, Pound began his athletic career as a competitive swimmer. At the 1960 Olympic Games in Rome, he was a double Olympic finalist, finishing fourth in the 400 meter medley relay and sixth in the 100 meter freestyle. With implications far beyond the sports arena, Inside Dope examines the genesis of doping in sports as well as in the world of doctors and trainers; drug testing and the battle to stay ahead of users; drug companies and big business; and the role of the World Anti-Doping Agency (WADA) as watchdog.
Recently, there has been much controversy over the issue of doping in sports, and the BALCO scandal has brought it to the forefront. In 2005, he was named by TIME magazine as one of the TIME 100, the world’s 100 most influential people. He is currently a partner in the law firm Stikeman Elliott. Written by a former Olympian, an IOC official, and a passionate advocate of fair play in sports, this eye-opening book takes a candid look at testing standards and the future of doping and sports and the larger issue of how doping affects the public perception of athletes.
An IOC insider speaks out on creating a drug-free sports culture
Pound was educated in Montreal, receiving degrees in commerce and law from McGill. Doping goes to the core of the ideals that we hold about sports, our heroes, and what parents want for their children References : https://www.m88u.com/m88-vn.html
When picking your teams it is often easy to just go for a team to win and forget about the other result, a draw. Looking back on it if i was a neutral then i probably wouldn’t have picked them. It’s easy to have have a blinkered view when it comes to your team.
DON’T ADD TEAMS WHO’S ODDS ARE TOO SHORT
BET FOR ENJOYMENT
BET ON WHAT YOU KNOW
If you aren’t enjoying betting on sporting events then you are doing it for the wrong reasons. The cold, hard fact is that if you’re betting on accumulators then it’s pretty likely that you’re going to lose, however, if you follow the steps above then i believe you will eliminate some of the most common mistakes made when making your selections. If you feel the need to bet on quite a few teams then i’d suggest a low stake as the chances of winning are incredibly small.
DON’T CHANGE YOUR MIND
Now most online bookmakers will guarantee the best odds so i don’t pay too much attention when i read that. Don’t get sucked in by this as they are just as likely (or unlikely) as everyone else to pick a winning accumulator. There are my top 10 tips for gambling on football accumulators. What this is, is a few tips on what to do and what not to do when betting on football accumulators, no guarantees, no 99.9% accuracy nonsense, just things that in my opinion you NEED to know and realise before even attempting to place your bet. It’s not a way to make an extra income (although it does feel great when you win) If the enjoyment has gone then it only spells trouble.
DON’T IGNORE THE DRAW
If a team is 1/7 to win then i don’t even consider it as there is absolutely no value in them. If you can’t walkaway then you shouldn’t be betting.
Now let me start by telling you that this isn’t some great fool proof betting system that never fails as they simply don’t exist. Feel free to leave any comments below.
KNOW YOUR BOOKMAKERS
Now and again you will see ex footballers giving their advice on who to pick and who to stay clear of. Back your own judgement, nobody elses.
KNOW YOUR LIMITS
DON’T ADD TOO MANY TEAMS
When betting on football i only bet on teams and leagues that i know about. A pointless bet in my opinion.
It’s easy to get carried away when filling out your betting slip as you watch the odds rise, sometimes you almost convince yourself that you can’t lose. If you do lose your money then walkaway, it’s as simple as that. Just because they used to play the game means nothing. I always pick a 4 team accumulator of 4 draws amongst my bets as the odds for a match finishing all square rarely goes below 2/1.
DON’T LET THE HEART RULE THE HEAD
DON’T LISTEN TO THE “EXPERTS”. So there it is. It’s pointless me betting on the Argentinian league or the Brazilian league as i wouldn’t have a clue what i was doing, So i just normally stick to the English leagues, as it’s easier for me to spot a bet that i think is good value.
If you look through the paper and fancy a certain team then make sure you pick them. I tend to stick with 4 or 5 teams at the most, even then it’s hard enough. They add very little to your overall winnings and there is always the chance that they can let you down and not even win at all. The chances are that if you don’t they will win and the team you chose in their place at the last minute will let you down. Set yourself a limit before you start betting, a figure that you know you can afford to lose. You can often talk yourself around to the idea of betting on someone else, and in my experience it only leads to disappointment. The reason for this is i have included them before and they have been the only team to let me down on more than one occassion. Also if you don’t fancy a team in the first place then don’t change your mind. Go with your initial instinct.
I make a point of never including my beloved Stoke City in any of my accumulators. Gambling to me is a form of entertainment, just like going to the cinema is for other people. I thank you for reading and i hope you found this hub helpful. What i pay attention to is their special offers when signing up and what they offer customers on a regular basis. When there is money at stake you want to know that you can get hold of the company in question and get the help you require.
Ok so this is an obvious one but it’s so easy to get caught up in the moment. Also it’s good to scour the internet to see what people make of a certain bookmakers customer service help lines
It could work out okay but it’s a much more competitive marketplace right now. I’d look to start buying stocks in energy, food, and titanium.
Jack Ablin, chief investment officer at Harris Private Bank: MAKER
Wayne Rogers, Wayne Rogers Company: No, I like Nextel Partners (NXTP). Housing remains very strong despite one bad report. The politicians are going to chew it up.
Neil Cavuto: I’m hearing that from a lot of young people today.
Jonathan Hoeing: It has been a laggard. Look, I love the nostalgia of the floor, but we’re in the 21st century, folks, and this is a smart move for the NYSE. So what stocks should you buy now to help you retire rich? Time to get more for your money. And I think some of their revenue is suspect.
Head to Head
Jack Ablin: All of the management care companies are buying PBMs right now. but it’s ready to bounce back. It’s the world’s largest cell phone provider. There has been a sea change there. This is a company that really is a kind of work in progress.
Wendell Perkins: You are looking at about a 25 percent discount to the market and there are very low expectations built in. What’s coming next for the stock market? Answers from great minds: Jim Rogers, Gregg Hymowitz, Dani Hughes and Bob Froehlich. I’m a flag-waving proud American but the opportunities are not going to be here. I just see the bond market putting the 10 year bond at 4.25 percent. The Cost of Freedom will start Saturday at 10 a.m. Do the arithmetic. That is what you trade. Every day there is going to be bad news and good news. I can buy the Tribune at the same price and I have some real growth opportunity long term.
Scott Bleier: We have passed the washout phase. You don’t trade the volume.
Wendell Perkins: It’s just not the right time to own utilities at all.
Neil Weinberg: We all know about the problems in the Middle East, but Asia has been getting worse and worse over the past few months. They’ve got strong cash flow and a 3 percent or so dividend yield. I would buy hard assets. There is institutional buying. The housing market is going to melt down and take the economy with it.
Gary B: General Motors (GM) has been hated, despised and ridiculed… He owns the stock in his fund, but Jonathan says don’t put any money down on this one. The problem with this company is that it relies on steel for it’s cans.
So would killing the death tax be bullish for stocks?
Dani Hughes: I can’t really speak for my entire generation, but I really think that Social Security as it stands now, is just not a reality.
Neil Cavuto: Should you just pretend Social Security doesn’t even exist to have a better chance of retiring rich? The president’s plan for private accounts in Social Security is on life support. Their ability to price their goods has gone down. They’ve got strong results. A company that doubled the earnings, doubled the revenue, and the stock fell seven points today. And I think it’s one to own right here. 17 cents last year, 27 cents this year. I see 4 percent growth. We want capital spending. We’d be in a lot of trouble.
A quality company in a bad industry that’s being totally politicized. That has gotten us out of this recession and would keep us going.
Jonathan Hoenig: I don’t think you’re going to get it. There is no other way to describe it. That is one possibility. It’s not the end of the world. I agree with Gary B. But this money is passed on. I don’t think you should invest blindly though. On one side, it’s being pummeled by over zealous regulators and, on the other side, it’s being pummeled by companies like Google who are going to compete with it on software.
Terry Keenan: If the deficits get bigger.
Jonas Max Ferris, MAXfunds.com: That is exactly my big problem because Jonathan, at the core, is right that it’s communist to tax somebody, because they are rich, to redistribute wealth. Now we have to pay the price. And many say that would impose a huge burden on individuals and small business owners as well.
Neil Cavuto: If you had invested in an index, something, what would it be?
Dani Hughes: Well, agreed. Steel, Chrysler and you would’ve had nothing to show for it. You have an entry price on a stock or you can say all stocks that you are going to look at are fundamentally good, and you are looking for volume and institutional support. ET with “Bulls Bears.”
Stock of the Week
Ray Lucia: It’s actually very simple. Pfizer might just make a break through in cancer or with an antidepressant. That’s short term and 36 percent is historically very high. People like Jim should not get Social Security. Dani, what are you buying?
Wendell Perkins: But the problem with the stock is you have to pay 15 times earnings. They just don’t. Ford (F), IBM (IBM), eBay (EBAY), Apple (AAPL), JPMorgan (JPM), are falling off the map here.
Bulls Bears | Cavuto on Business | Forbes on FOX | Cashin’ In
Gregg Hymowitz: A lot of young people today are born out of a certain sense of self-reliance. That is not about entrepreneurship. I like to see a stock doing well with not a lot of buzz out there, and not many people on board.
Scott: DRS Technologies (DRS) looks like a company ready to merge. Let’s get Jonathan’s pick in here. Dividends, stocks, bonds, working a job, inheriting money, simplify the tax code, and that is the solution.
Terry Keenan: The sales tax is double taxation just as much as the estate tax.
Tobin’s prediction: Get the good stuff! Buy Fortune (FO) sell Bud (BUD)
I’m a Maker too. If you raise the retirement age there’s still going to be some money in the bank for my kids and my grandkids.
Terry Keenan: You said last week that you had been shorting some stuff and we didn’t find out what, but are you still short?
Wendell Perkins, JohnsonFamily Mutual Funds: This is the Chicago-based publisher of newspapers, broadcasting, television stations. It takes people hundred of millions of billions of dollars to figure out how much taxes they owe. If you need another reason to dump it, look at what you are paying in gas because SUV sales are in the tank.
Jonathan Hoenig: What about the wealth he’s created?
Elizabeth MacDonald: It’s a ‘fraidy cat market right now and it’s the time to buy. We’re in a bear market. Invest it first before you pay your other bills. In stocks it’s price, price, price. This is the stock now that I think investors can get more comfortable with because we understand the pieces.
Elizabeth MacDonald: I still like ADP and I would buy Paychex too.
Terry Keenan: In your own backyard, Jonathan. The Chinese are right to be angry. If you want to buy a company that could be taken over, have a back up plan in case it doesn’t happen. We are so dependent on China for cheap goods and we also want to make China our number one customer. READERS OF “Cost of Freedom Recap” MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
Mike Ozanian: The problem now is that Bush is being stabbed in the back by his fellow Republicans who are too timid to make the 2003 tax cuts permanent. Many times in history, the market has done nothing.
Victoria Murphy, staff writer: I am worried about the economy and have some long term numbers that support that concern. You have to invest in things that actually pay you to wait.
Jonathan Hoenig: I think it’s saying ‘stay away.’ JPMorgan yields less than 4 percent.
Bob Froehlich: Here’s the thing we’re going to have going for us though is that corporations are flushed with cash and I think they’re using that cash to do two things: one – to pay dividends because now the dividend yield is above 2 percent, and two — the merger and acquisition boom. I think you won’t have to worry about Social Security.
Bulls Bears | Cavuto on Business | Forbes on FOX | Cashin’ In
Gregg Hymowitz: I don’t understand. I don’t think they are going to do that. The stock is really cheap at around $10.
Bulls Bears | Cavuto on Business | Forbes on Fox | Cashin’ In
Wayne, Jonathan, and Wendell are back to tell us what stocks they have been buying for themselves with their own dough in this tough market.
This stock is a little more fully valued. It’s worked in a lot of other countries.
Elizabeth MacDonald: You are talking about a problem with Japan and China and Japan is the biggest trader with China. Before you were telling everyone to ship their money overseas. It seems like every time the market breaks, JPMorgan is hitting a new 52-week low.
Jonathan Hoenig, Capitalistpig Asset Management: The Cubs don’t look that great and everyone I know reads the ‘Sun Times’. There’s been a shift in how companies advertise. You have to be in places like China, Latin America and South America. I don’t think there are a lot of people who own the first three stocks we mentioned for thirty years. We should not be paying taxes upon death. I don’t think the next big thing is the Internet. L-3 Communications (LLL) made a run for DRS early last year and I think they are going to make another one. Take your money out. For the week of April 18 – 22, EBAY went down 1.4 percent.
Bill Baldwin, editor: ADP has lead a charmed life of 40 years. Is anyone ever going to pay tax on his $40 billion?
Bill Baldwin: MAKER
DISCLAIMER: THE FOLLOWING “Cost of Freedom Recap” CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. Earnings are coming in at double digit above first call forecasts.
Jonas Max Ferris: And the tax should be brought to everybody because it is an income tax, not just someone who has $3 million. Just buy a little bit of everything.
It’s Merger Mania! The “Bulls Bears” pick the companies that could be bought out and make the stock skyrocket.
Jonathan Hoenig: The answer to everybody’s problem is always ‘screw the rich a little bit more.’
Jim Michaels: I disagree, the Mideast is the focus of everything right now. We’re changing the deal.” What the hell kind of government is that?
Gary K: My pick is Activision (ATVI), the second largest video game maker in the U.S. As long as you have a balanced portfolio and some things outside the U.S. There are a number of possibilities, but you cannot attack the problem in isolation. Usually when stocks get cut in half, it’s better to be buying than selling.
It’s been a crazy couple of weeks for stocks. We’ve been talking about China for the last 15 years and really only in the last 2 years have we seen some real movement.
Neil Cavuto: He’s talking about long term.
Bob Froehlich: That’s a critical issue because people are still thinking that it’s the government that’s going to take care of me. Interest rates are now going up, oil prices are going up, inflation is going up. I think the wind is at the back of the sector.
Victoria Murphy: Asia is so important to our economy. You don’t want to invest everything overseas, but you want to have some of your assets invested so that it gets the best tax treatment.
100 shares of each since 1975: Wal-Mart (WMT), Johnson Johnson (JNJ) and Altria (MO) now total: $3.3 Million. It’s a very good quality company. Especially if you don’t think that interest rates will climb significantly from here, which we don’t. That’s one reason I don’t like it. selects stocks set to take charge as new leaders of the market.
Tobin Smith: We’ve hit the bottom for 2005. The ten-year treasury has come off its highs. Their growth is going to be primarily in Europe and overseas.
Jim Michaels: BREAKER
Terry Keenan: Wayne, we have your pick. That’s where the upside is going to be. GM is currently at very long term support line and now’s the time to buy. They are not going to upset this by getting adventurous.
Wayne Rogers, Wayne Rogers Company: If they put Jonathan and me on some of their programs, we could probably help their earnings, but I don’t know. The largest titanium company in the world is in Russia, and in order to get around tariffs, it needs to buy an American company. I’m looking at thousands of stocks and to me the utilities still have the bid. It’s putting money into circulation. Once someone clicks on it, the company can easily see how many sales the advertising produces. (Activision closed on Friday at $14.63.)
Scott: Computer games are a huge business. This economy is so powerful. The SP has not moved an iota in the last 6 years. But the problem is that we can’t afford at this point in time to dump a tax that raises $30 billion a year. economy is healthy. Those are 30 companies. Make the tax cuts permanent and reform Social Security. So we may be due for a rally. To me the death tax is a disgusting, un-American policy that should be put to death.
Wayne Rogers: Jonas, with all do respect, you are beating a dead horse here. Housing is the only thing that’s kept our economy going. What do you think?
Jim Rogers: Bob, there’s no question we’ve had a big pounding in the market in the last two weeks. Listen, I got trapped in a couple of things. What’s hurting the stock market, which looks six months out, is that politicians and people who want to run for office are taking a wrecking ball to it. It doesn’t make parts of computers, it makes parts of power equipment. It’s not going to stop us in our tracks. Japan, China and the United States. We can deal with it. Bob, what do you think happens?
Bulls Bears | Cavuto on Business | Forbes on FOX | Cashin’ In
Wendell’s buying: Tribune (TRB)
Friday’s close: $37.26
Jim Rogers: That’s going to be the case for the next seven, eight, nine years. It’s just a bear market.
Bill Baldwin: BREAKER
Dani Hughes: Jim’s right about NYSE; but I say buy Archipelago (AX).
Terry Keenan: And Wayne, General Motor’s (GM) management even called the health care situation there a crisis. Are we twisting your arm here? Would you really be steering clear of almost all stocks right now?
Wayne Rogers: Yes, I like all those, except I think you have to protect yourself with a stop, which I did with CME. But taxing income is fair. This could be like the big cultural revolution! Things could get out of control.
Jim Rogers: NYSE merger spells its demise; sell Archipelago (AX).
Pat’s prediction: Buy The MERC (CME)! It sold off for stupid reasons
Herman Cain: Call me the Bulldog! I’m in between these bulls and bears. You have to start early and you have to save. They’re very smart about that stuff.
$3.3 million on an investment of less than $14,000. Ford is a bad business. The stock has potential over time.
Jonathan Hoenig: U.S. I like and own Allegheny Technologies (ATI), which is also a large producer of titanium. And the American entrepreneur has well overcome the bad things that Bush has done. In particular, tech has been the most despised and that’s where I’d look to buy. Now’s the time to start buying undervalued stocks. Just take a look at how much money you’d be retiring with if you’d sat on a 100 shares of each of these stocks for the last 30 years:
Dagen McDowell: You do away with it, you have wealth and power, economic and political power, concentrated over years in the hands of a very few people. (Friday’s close: $39.41)
Jonas Max Ferris: Why should income be tax-free? Why should he be allowed to amass $40 billion, tax-free?
Elizabeth MacDonald: Mike is absolutely right. And those are the things that will make your decision easier.
Quentin Hardy: If China does invade Taiwan, China loses all of its trading around the world. More big companies are advertising on Google because they can immediately see the payoff. I think Microsoft is a victim of its own success. You have to see them make a base at some point to see institutional buying is coming into them before you touch them.
More for Your Money
Terry Keenan: And it might benefit from the turmoil at Morgan Stanley (MWD).
Dagen McDowell: I was talking about good businesses. It was one of the worst massacres in history. Just like sports. I was in India last week. This is what’s hurting the market.
Wayne Rogers: I like this stock. We have Japan saying that it’s two biggest threats are China and North Korea and we have demonstrations against Japan.
Gary K’s prediction: The Dow falls to 9,000 before it climbs to 11,000
Dagen McDowell: But that is the danger, Wayne, that you might not get a fair price because you have competitors being eliminated, and certainly some big investors are worried about that right now.
Gary B’s prediction: Despite big losses, Delta (DAL) doubles in 1 year
Will killing the death tax once and for all breathe new life into the stock market?
Wendell Perkins: I am happy with that from a total return perspective. But the year after that, it comes back in full force: 55 percent, unless the law is changed. (Google closed on Friday at $215.81.)
Tobin: Google looks good. You do away with that tax and you’re going to have more and more money concentrated in the hands of folks who are already rich. They will help us cut through the hysteria and tell us what’s really happening with your stocks. But first, we need to drop just a touch more. I don’t see it.
Jonathan Hoenig: Wayne, institutional buying, insider selling. Smith, columnist for RealMoney.com; Pat Dorsey, director of stock research at Morningstar.com; Tobin Smith, editor ChangeWave Investing; Scott Bleier, president of HybridInvestors.com; Gary Kaltbaum, president of Kaltbaum Associates; and Herman Cain, CEO of The New Voice.
Neil Cavuto: I thought he was very clear on that Gregg.
Elizabeth MacDonald, senior editor: I think that Jim is right. I think it’s recognized in the price of the stock already. And now you’re saying the U.S. If you are a good value player, which we are, I think it’s a great core holding.
Terry Keenan: Some of the banks are. Jonathan, I’m long your Duke Energy (DUK). I’m using the same strategy as Pat mentioned earlier. This is just a hiccup because gas prices went through $2/gallon. The reason this economy is going strong is because people took $600 billion out of their houses last year. What the Japanese did in China is unforgivable. That’s a problem right there. It’s a competition around education and around getting great jobs going around this country.
David Asman: I’ve got to give a caveat. It has been sort of death for a lot of people until the Thursday rally. And the only reason that housing has kept going is because of low interest rates. Buying an American company, such as Steel Dynamics, is one way to do that. What do you think about the stock and the other big auto stocks?
Dani Hughes: You always have to pay yourself first. We’ve seen the low for the year. (Herman owns this stock and is on its board.) And let’s not forget that the Dow did break below 10,000 and then rallied back against some very big economic odds.
Neil Weinberg, senior editor: I’ll tell you about the big picture. It is America. Like Southern, Duke (DUK), Allegheny (AYE), Black Hills (BKH), these, to me, are strong stocks.
Bob Froehlich: I’m sending my money overseas to China Mobile (CHL). But the market is going to be down this year and it’s going to be worse next year. Terrorism is a loser’s game. I like Automatic Data Processing (ADP). It has no dividend, so it’s a little bit of a stretch. Whatever it might be.
Dani Hughes: Absolutely. You’ve got the Chinese having these major demonstrations. Cap gains are taxed that way. We had huge amounts of money spent in 2003 and 2004 by the government to win an election. Jim, should people just write off Social Security when they make plans to retire rich?
Jim Michaels: MAKER
Question: “How will the NYSE merger with Archipelago affect the way investors buy and sell stocks?”
Wayne’s buying: Nextel Partners (NXTP)
Friday’s close: $22.76
Terry Keenan: You haven’t seen that yet? We have six or seven Dow components down double-digit percentages.
Any time you can buy a fine company in a great industry at a knock down price, you’re silly not to do it.
Terry Keenan: The volume is not as important to you.
Wayne Rogers, Wayne Rogers Company: Well, first I look at the technical part. This could be a takeover candidate for a company like Humana.
Terry Keenan: You making any money this week?
Dagen McDowell: Guess what? Paris Hilton and Nicky Hilton don’t earn the money they get from the Hilton family. but that doesn’t mean there aren’t good opportunities here in the U.S.
Wayne Rogers, Wayne Rogers Company: Well, both are both political statements. They could be some great power. They should pay more.
Mike Ozanian: I like Del Monte Foods (DLM). I think it comes from the socialist mentality that peoples’ wealth is the government’s, and it’s theirs to divvy up and hand out however they see fit. The future is producing power.
Gregg Hymowitz: Commodities are going up because the economy is improving. The change in the deal has to be phased in. The economy is doing ok. Could GM be a time bomb lurking over the whole market?
Dani Hughes: I agree with Gregg. And if you’ve been holding on to some big, old tech like Microsoft (MSFT) or Cisco (CSCO), you can start to sell if we snap back. Inflation remains low, long term interest rates remains low. Why pay them at death? The only explanation is so the government can line its pockets at our heir’s expense. I like Whirlpool (WHR). The greatest opportunities are not going to be in the U.S. your stocks?
Gregg Hymowitz: I’m trying to make constructive changes to the system that’ll help in the next 15 years. Ask yourself, is this a good business? Is this company competing and being competitors and innovating and growing? Does it have great products and services? It is one big question and a lot of little ones to answer.
FOX on the Spots
Ray Lucia: If you want to add an extra 20 percent to your slice of pie, Carnegie Mellon did a study. I am recommending a stock today that I have held for a while, and it’s holding, but would I go out and plunge in? No.
Jonathan Hoenig: To me, price is everything. I think the next big thing is phone text messaging.
Neil Cavuto: Gregg, what are you buying?
Check out the $10,000 Cashin’ In Challenge at: www.foxnews.com/challenge
Neil Weinberg: The stock market is very worried right now because it does look six months out. I don’t know where you step in and how you determine this is the right price. The P.E. You just have to step aside and let stocks go through the process. That’s what makes the market.
Dani Hughes: Over the long term, we don’t know what’s going to happen in China. It’s at 52-week lows. Wendell the stock is down about 10 percent so far this year. And you have an ordinary income rate that’s 35 percent. The gaming business is smoking and Electronic Arts (ERTS) looks like a good buyer for them. that we’re going a little lower. L-3 Communications closed at $70.92 on Friday.)
Tobin: DRS is expensive! The only way you’ll make money from this stock is if it’s bought out
Terry Keenan: Jonathan, we are not moving anywhere close to simplification even in this administration, that’s for sure.
Jonas Max Ferris: Doesn’t the government protect people with assets more than people who don’t have assets? They target wealthy people who own businesses, not people in trailer parks. I like it.
Jim Rogers: Thirty years ago you might’ve bought U.S. And here is an option: just let them put all the money in municipal bonds and they would never pay tax.
Bob Froehlich: The market is going up. So you can’t invest blindly and I agree with Dani, start early.
This stock is part of the drug group. They one-upped Japan recently. It’s top heavy and brain damaged and has a record that you can’t really trust. NASDAQ, actually (NDAQ) which is a publicly traded company, has been strong lately and we’re seeing a lot of consolidation with the exchanges buying each other. That is not American.
Bob Froehlich: One more hike Fed is done. And always know your exit strategy before you make your investments.
Neil Weinberg: I would say that the problem of people’s sentiments getting out of control, is in the far east. IT IS FOX NEWS’ POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. Plus, Allegheny is low in cost and high in productivity. So what do you tell them?
Dani Hughes: I am buying eBay (EBAY) because eBay is a lifestyle changing company. This is a group that’s had just terrible performance over the last several years, but finally this appears to be the right time, the right price, and we think Tribune has very interesting opportunities out a year or so. I think that Microsoft has masterfully gotten around the regulating issues. (Original Investment: $13,838)
Wayne Rogers: I haven’t seen it in a number of these stocks. I think it’s good. If you want to do the math — 6 percent of the world’s stock market is represented by emerging markets. You’re going to have to replace that somehow unless, of course, Jonathan is in favor of these massive deficits. You can’t beat that.
Gregg Hymowitz: What’s the multiple?
The stock is too rich for my blood. If I knew, I wouldn’t be sitting here talking to you all. And that’s what you advocate Gregg.
Wendell Perkins: It will cause interest rates to rise and that will have a negative impact on the stock market. Now many say to save the system they’ll likely raise the retirement age and possibly cut benefits, especially for those considered “well-off”. There’s a lot more coming for this company. The death tax is a terrible taxation. It has lots of debt and very little assets to make revenue.
Ray Lucia: 73 percent of all the benefits are already pre-funded. We’re going to get some correction, but when you look at business fundamentals, there’s strength in a lot of businesses. Then big moves up. At some point that should be reflected in equity prices.
Tobin: I’m also looking at steel and alloys. You’ve got to replace it somehow. Oil’s come off its highs. We still have terrorists and Islamic fascists killing and raping women, killing gay people, burning people alive. That’s really low and dirt cheap. This is a ‘government run amuck’ issue. Present a solution, for goodness sakes. It’s best known for its diodes that produce light. The reason the market is worried is because interest rates are going up. This is a stock with very good upside. And I would buy airlines.
In Focus: Is Our Economy Still Booming or Going Bu$t?
Victoria Murphy: We want spending from companies. The Dow lost 500 points during the six trading days from April 12-20.
Dani Hughes: Ah, you’ve got me. Microsoft’s stock is where it was six years ago! I think that greatly understates the future of Microsoft which is moving away from Windows and Office and getting into mobile phones, games and less sexy software that runs servers. The death tax is thievery. It has weathered two wars, corporate scandals and a terrorist attack. That’s made you money.
Dagen McDowell, FOX Business News: Jonathan, the estate tax is America. The drug group, in general, is cheap relative to the SP. I did not short that.
Scott’s prediction: Tech isn’t wrecked; LSI Logic (LSI) up 30 percent by fall
Wendell Perkins: Let’s step back a bit. Commodities have tripled.
Gary B. And if you look at the cost savings they are driving through; the integration of JPMorgan and Bank One, $340 million of costs that have stripped out. But what everyone else is saying does make sense though. We still have terrorists trying to get control of Iraq. Also look to get rid of stocks of car companies and auto parts. The numbers are great. stocks, because right now few of them have bids that I am seeing.
Neil Cavuto: So what are you doing?
Wayne Rogers: Still short on a number of stocks, yes. If anything goes wrong it’s very vulnerable. Twenty years from now, you’re going to have to be outside the U.S. You’re target price is what I bought it for 7 years ago!
Neil Cavuto: A lot of people at Fox ask me, they must think I’m Jim Rogers or something, and they say, “I just want to invest in an Index Fund and park it for seven, eight, nine years.” And Gregg is right. I think it might be the story behind the story.
Jim Rogers: The deal they made with me and with everyone else is, “Give us your money, we’ll put it aside for you, and we’ll give it back to you.” And now after 30 years they’re going to say, “Wait a minute. The second reason is they don’t pay a dividend. And Microsoft has promised to buy back $30 billion in stock, which is a big boost to shareholders.
Wayne Rogers: I wish I knew. It’s at 11 times earnings and it’s a global financial play.
Jim Rogers: Commodities. It’s too weak for me.
Wendell Perkins: We think the banking industry is attractive and that JPMorgan is a great name.
Neil Cavuto: Have you given up on Social Security?
David Asman: You think it can go to $48 in 12 months. Drive out of this one, particularly if you have a profit. The company has come back very strongly. As Tom Friedman says in the latest book the world is becoming flatter and Jonathan is right — you will see more and more combinations of these exchanges and it will be much easier. One of the things that you can do to retire rich is to make sure you have your asset allocation right. They do payroll services processing and brokerage services processing.
Question: “What would you say is the one most important thing to look at before buying a stock?”
Neil Cavuto: What do you like Jim?
Neil Cavuto: You’ve obviously been following my daughter around because that’s all she’s been doing. I’m counting on myself.
Wayne Rogers: You and I have talked about catching a falling dagger — it’s crazy. Like Wayne, I like to see a combination of factors. It’s not that difficult to retire rich 20 years from now as long as you’re a big global investor. You’re going to make money on the cap appreciation and the 4 percent dividend yield.
Jim Rogers: Certainly anyone under 40 years old should forget Social Security because it’s not going to be there no matter what happens in their lifetime.
Jonathan Hoeing: The breadth has been terrible and before I get aggressive about putting new money to work, I am supporting existing positions. Dani, you don’t like China Mobile, right?
Victoria Murphy: I agree that Google is stiff competition for Microsoft. Why would you ever invest your lower yielding investments in your tax-exempt account as opposed to investing your higher growth investments, i.e. Last week, video game retailers GameStop (GME) and Electronics Boutique (ELBO) merged. You can’t just say we’re going to do away with the death tax.
Stock Smarts: Kill the Death Tax?
What happens next?
Gregg Hymowitz: I agree with you. There is no direction or information in any of this.
Jonathan Hoenig: That has been earned.
Jonathan Hoenig: Unfortunately, the death tax is levied against the rich. We have to figure out how to control spending.
Reminder: We’ll be back at our regular day and time next week. I like the stock. I think this economy is turning into an intellectual property economy and a financial servicing economy as we outsource manufacturing jobs over seas. So for the last 15 years you’ve been better off being a U.S. I think Jonathan has been right on the utilities. If people can put aside their money for 35-40 years and then the government can say, “Just because you’ve been successful we’re not going to give you the money.” That is outrageous. There are bigger issues.
Cavuto on Business
Dani Hughes: I’m not counting on it. But I still believe this is still the greatest country to invest in.
Terry Keenan: We’re increasingly becoming a country where you punch the time clock and earn wages rather than unearned income, that income is being taxed with higher FICA taxes and higher Medicare taxes.
Quentin Hardy, Silicon Valley bureau chief: George Bush has put the economy on steroids. (DRS Technologies closed on Friday at $44.75. No, I’m just kidding. Jimmy is here and I thought that would get a rise out of him. Now they’ve got competition from Paychex, which use to be just with small companies but now wants to be with big companies.
Mike Ozanian: I don’t like it. The Dow was down about 150 points in the final hour and then rallied in the last few minutes limiting the day’s loss to 60 points.
Elizabeth MacDonald: When Quentin refers to Bush putting the economy on steroids he’s talking about the $7 trillion record deficit that Greenspan is right to be frightened about. Wouldn’t they be open to what Jim says, which is investing some of their own money, if not through their own, then through Social Security?
Jonas Max Ferris: Bill Gates has yet to pay tax on most of his wealth and without an income tax for his heirs, that would be tax-free and dividends would be tax-free. They are acting like a child, kicking and screaming to get attention saying “look, we have a nuke”. Obviously, we have North Korea with a very crazy leader who is very unpredictable and could start a war at any time. While I was there the Prime Minister of China was there, talking about how China and India should work together. It shows that managers have done a great job at cutting costs, but that can only last for so long. Everybody knows the problem. I own and recommend both DRS Technologies and L-3 Communications. stocks have to stand up and show leadership. So companies aren’t making money on selling things, they are making money off of financing. We really don’t have inflation or deflation worries. They’re a company that is facing increased competition from Asian manufacturers. This country is not built on past income. We can get 10, 15 percent on the stock over the next year or 4 percent dividend yield. equity markets are the place to be.
Mike Ozanian, senior editor: We are in a boom. Elliot Spitzer is hanging CEOs. It is income and should be taxed across the board as income.
Brenda was joined by: Gary B.
Question: “I bought Ford (F) in 2003 at $7.32. (Friday’s close: $27.22)
Gary B. I know in your funds you own a ton of banks in almost every one of the JohnsonFamily Funds. I especially like eBay (EBAY).
Jim Rogers: No, of course not. Their prices are increasing and that’s not a good sign.
Then, on this past Thursday, a gain of 206 points, which is the biggest single day gain in about 2 years.
Wayne Rogers: Wait a minute, Dagen. What is a fair price? It is a bid and an ask. Right now they are yelling at the Japanese because they feel that they haven’t apologized enough for the atrocities during World War II. It’s yesterday’s story. That would be great for the market.
Jim Rogers: Once again Gregg is not good for my nervous system. What they are projecting looks very good to me. It is taxing the heirs who receive it. China is the third largest trader in the world, behind the US and Germany. They just came off of a great quarter but he’s hiring timidly because he’s worried that his clients are going to cut back on spending.
Flipside: Biggest Foreign Threat to Your Money Is Not the Mideast!
Pat Dorsey: Earlier this week, when stock were selling off, I was getting excited, because I was starting to see a lot of bargains. They had a loss three years ago. (Steel Dynamics closed on Friday at $29.85.)
Gary K: I think the steel play is over. I am not as impressed by that as I am by institutional buying.
Wayne Rogers: I think it’s been already recognized. Government book keeping is so crooked that you can’t tell what’s a deficit and what’s not a deficit.
Neil Cavuto: Patience pays. GM has major problems and they have institutionalized the problems, and they have to have some way to correct this or it will never come back.
Neil Cavuto: Really?
On Friday: another wild one. It was in Forbes back in November. (General Motors closed on Friday at $26.74.)
The stock has dropped almost 75 percent from its top, so there’s very little risk if you buy now. This stock’s already been hammered and economic growth has peaked.
Jim Michaels: The Chinese are in the middle of the biggest boom in the history of the world. You are also looking for a base or a trend in the stock. But if you’re going to invest and make money in this market, you’ve got to really do your homework. We have too many people who are paying attention to the daily happenings in the news and losing sight of the big picture. They didn’t come from the Depression so Social Security hasn’t meant as much. I would get my money out of the country. It has to be done in conjunction with some other things.
Neil Cavuto: So they recognize that. The equity markets in the last 6 years have done nothing. companies means the U.S. This is a way to make sure tax is paid on it by generations to come.
Jonathan Hoenig: It is terrible. I’d be out there making money.
Neil Cavuto was joined by Jim Rogers, President of JimRogers.com; Gregg Hymowitz, Founder of Entrust Capital; Dani Hughes, CEO of Divine Capital Markets; Bob Froehlich, Vice Chairman of Scudder Investments; Ray Lucia, “Ray Lucia Radio Show” host.
Terry Keenan: Isn’t it going to be harder, Wendell, to amass a fortune like the Hiltons or other big, wealthy families given the tax rates we have right now?
Dani Hughes: You have to educate yourself too. Where is the growth in profits going to come from?
Gregg Hymowitz: Everyone always wants to get their money out of this country. Let me say this: Think condos, because after this automation is done, there’s going to be no people, no trading floor, and lots of condo space.
Wendell Perkins, JohnsonFamily Mutual Funds: If you look at what JPMorgan Chase announced with regards to earnings, earlier this week, they were actually fairly impressive. Also, it’s important to buy the takeover target at a cheap price, and Allegheny is not cheap right now.
Elizabeth MacDonald: I don’t like Del Monte. You have a 15 percent maximum tax bracket for capital gains and dividends. All the basics are right except for oil prices. There are some good stocks out there to buy right now, like International Game Technology (IGT) and eBay (EBAY). We’re dealing with it the way we should, with a combination of others.
Gregg Hymowitz: I don’t know how anyone quite frankly can time the equity markets. I don’t think you should rely on seeing anything from Social Security. That’s what happened this past week.
Gregg Hymowitz: You know Bob, they’ve been saying that for a long time but in the last 15 years the international markets have paled in comparison to the equity markets in the U.S. This stock is going to $40. It is the answer to every problem. But this is not terribly dangerous. With these stocks you’re paying for growth, but there’s no growth. So while you’re waiting you still earn a good tax advantage yield. It’s got low debt, so it’s actually a triple A rated company.
David Asman: The target price is $38, that a 40 percent rise. I’d steer clear of Tribune. The jobless recovery is a thing of the past. One reason this could be taken over is that a lot of foreign companies with a lot of cash are looking to get around tariffs. Why do you like it?
David Asman: What about North Korean nukes?
Jonathan Hoenig: That is good. is 50 times earnings. If you want to retire rich as an American investor the only thing you should be doing is investing outside the United States. That damages everybody else.
Jonathan Hoenig: Hopefully it will be faster and more efficient. For the last 6 years you’ve done squat. investor than being a global investor.
Dagen McDowell, FOX Business News: Wayne, you have to step back and decide fundamentally if this is a good business. We’ve owned this stock for about 13 years now. There are trade winds blowing out there. They aren’t day to day but are very relevant. Don’t rely on someone else taking care of your retirement for you.
Wendell Perkins, JohnsonFamily Mutual Funds: This is the key issue here. A company pays for a link. We look at the Dow. The investment banking business is very strong, commercial business is very strong. We pay taxes our whole life. It is not taxing the person who made it. Ford has been losing market share to foreign competitors for decades. People are richer and they are getting richer every day. We’re talking about tariffs against China. The government is in a huge deficit. People should start saving as soon as they can.
Gary Kaltbaum: I’m in the exact opposite camp! We topped out months ago and still have a lot more to go. 63 percent of profits of SP 500 companies are coming from financing activities. They’re going to debase the currency. And the biggest problem with this country is every different type of income stream is taxed differently. As for the Chinese, looking at the long picture, they have acted very responsibly. I’ll pass.
Jack Ablin: MAKER
Jim Michaels: Government spending is stimulating the economy right now. It’s not a bad word. It built a base below $200 and is showing strength while the rest of the market has been tailing off. I think the profit bubble is only short term.
Forbes on FOX
Wendell Perkins: That’s why I think this is a very interesting time to own this. But they account for 70 percent of the land and 85 percent of the people. As far as Islamic fascism is concerned, it’s an awful thing but it’s not going to stop our lives or undermine our economy permanently. The business is great. We are trading in a global market and you have to realize that if you haven’t already.
Neil Cavuto: Big moves down. The economy can stand on its own two feet. When Caterpillar (CAT) reported last week, it showed that there was amazing strength in China and North America. This is definitely a buying opportunity. Smith: Over the next few months, we’re going to go up. Now you can start to buy. Buy now and follow it to $250. Earnings growth of 17 percent, the company earned $2.6 billion before charges, which is quite impressive. I’ll tell you that. Does that bother you? Some of the big wigs are selling million of dollars of the stock.
Gregg Hymowitz: I’m not from Carnegie Mellon, but that to me makes no sense. The real problem with the market is the hedge fund managers who are giving us massive volatility. It’s got a business that’s got high costs, low margins, long-term problems like pension liabilities. This is a company to go with. Bear markets have sharp rallies that make you feel good and then a few days later they bury you. Wayne mentioned Duke and utility and energy have been a profit center, but we have to see a little ‘oomph’ from U.S. It doesn’t take a lot of ad revenue increase in order to get investors enticed.
Gregg Hymowitz: What I advocate is this: multimillionaires, notwithstanding that they’ve paid into the system, at the age of 68 should get less money or possibly no money.
Jim Michaels: Who are they going to throw their nukes at? They are surrounded by hostile and powerful countries. They’ve got there nationalistic sensibilities. This is not a time to panic; just know how to play the volatility. But Wendell, with all due respect, how do you know this is the time? You are right it has been terrible the last three or four years and this is another falling dagger to me. There have been great winners over the past few years but if you look at the broader equity markets, again the SP has done nothing for the last 6 years now. You are absolutely right, but the issue here is, is this good or bad for the stock market? Ultimately this is a bad decision for the stock market if we can’t fund it.
Bob Froehlich, what do you make of this notion that the sooner we get the psyche past us that Social Security might not be guaranteed, the more likely we’re to do what Dani said, which is to start looking after ourselves?
Jonathan Hoenig, Capitalistpig Asset Management: It would be bullish for stocks, it would be bullish for America. Certainly you invest overseas. Dani is potentially safe. I got stopped out of three or four stops in the last decline, and then I got hurt on one way where they reported huge earnings. After the terrorist attack of 9/11 we lost almost a trillion dollars in the week after. (Allegheny Technologies closed on Friday at $24.31.)
Pat: This does not have a pretty balance sheet. Buy financial stocks!
Jonathan Hoenig: The money in the government’s hand is dead wood.
Jim Rogers: Because guys like Gregg want to make it an emotional issue when it really shouldn’t be an emotional issue.
Wayne Rogers: The guys that run companies sometimes don’t know what the heck their own stock is doing. You are betting a lot of money on the sector.
Neil Cavuto: Well, I think he’s like 10 or 20 years away from retirement. This country is not built on passing wealth from generation to generation. The chart looks good. Plus, Google is going to make more money on cell phone searches and has 25 new products in the pipeline.
Terry Keenan: The chart is not as nice, though, as some of your others in the last couple of months.
Bob Froehlich: I agree with Jim Rogers. One company we like is Citigroup (C). It’s normal.
Terry Keenan: OK. We have paid taxes on this money.
Wendell Perkins: No, no, what needs to happen is the death tax should be repealed, but we have to figure out a way to cut spending. Who cares?
Terry Keenan: Google (GOOG), Genentech (DNA) going the other direction.
Bill Baldwin: Complaining that Cree has a problem of declining prices is like saying you never should have bought Dell Computer 12 years ago because prices of PCs weren’t going up.
Gregg Hymowitz: Zinc. But I don’t know what the heck he knows about Alabama.
Neil Cavuto: The New York Stock Exchange. We know we’re going to have enough money to cover 73 percent of the benefits. You have to pay yourself first. By the way, he’s been retired for like 30 years already.
Jonas Max Ferris: Simple solution; tax all income as income. They are doing this so that we’ll pay them off. Jim and I are safe. They have a customer base of 200 million subscribers. More importantly, look at earnings. It shouldn’t affect guys like you who are a year or two away from retirement.
Jonathan Hoenig: It’s the strongest thing I can find. I don’t hear the idea you have.
Jim Michaels, editorial vice president: The big picture is the economy is very strong. But Alabama is just such a fantastic part of the country that I do think this is a place to be right now. I don’t think Carnegie Mellon lies.
Gregg Hymowitz: Hillary’s not a Dem lock in ’08; many challengers.
Victoria Murphy: I think Cree’s future is going to Asia. It has a dead overhang. It’s not a military conflict. You have to have the guts to stand up and say ‘I’m not going to take it anymore.’
Terry Keenan: Wayne, let’s talk about the stock market this week, with or without the death tax. It’s very earnings driven and very fundamentally driven. They have a 65 percent market share. This is revolutionary. This is the real hot spot.
Bob Froehlich: Well, I’ll answer Gregg’s question. If you want to make an economic statement, the death tax produced $25 billion in revenue for the government. The program needs some fixes. Also you get a dividend. I agree with Jim for once that there was probably an oversold condition now in the equity markets. Then I thin you everything in sight because we’re at the end of a drop.
Jonathan Hoenig: Wendell, I use the Tribune as toilet paper.
o CAREMARK RX (CMX)
The Informer: Brave Buys$!
Pat: I like Steel Dynamics (STLD), which is a low cost producer of steel and is twice as efficient as rival, Nucor (NUE). There’s been no group more bulletproof than defense. It also happens to be one of your most recent buys in the challenge. I like Activision as a takeover play, but from a technical standpoint, the stock looks ugly.
Neil Cavuto: Well, we do because we started the lead for this segment with that.
Terry Keenan: Wayne, I think you have liked Chicago Mercantile Exchange (CME) in the past. Now is the time to show some calm. This is an income to heirs and should be taxed as income like lottery winnings or gambling.
Bill Baldwin: I’m fascinated with Cree (CREE), which is a semiconductor company. We lost almost a half a trillion dollars in economic growth. Southern Company (SO) is a big name in the index and all the sector plays. What’s going on?
Victoria Murphy: I like Microsoft (MSFT). I think it’s foolish to write them off. And the death tax is the best example of double taxation. That is a win.. Dividends are taxed this way. China and Japan are now fighting. equity markets. I had an interesting conversation with the CEO of Sybase, a billion dollar software company. Stuff is leaving China’s ports so fast that there aren’t enough ships to carry it. Let’s face it, bear markets happen. The Iraq election is going down in history as a really major change. That’s amazing. Only a spike in oil prices could take us lower. It’s pharmacy benefits, which means healthcare cost containment, is a strong theme that has government backing.
Dagen McDowell: We don’t have a way to pay for this. The Fed isn’t helping out the banks here. Do you like Archipelago (AX)?
Neil Cavuto: So why is this whole thing frittering away?
Trading Pit: Market Madness
Bob Froehlich: You should have some exposure to commodities but you also have to have exposure to the market. That’s not going to go on. It is in his only favorite sector, I think, utilities.
Ray Lucia: Death tax survives; but only affects 1 percent of Americans.
Bob Froehlich: This is long term. This company has the potential to make markets move. You just can’t invest in these large indexes and just think you’re going to get a return.
Gary B: Google (GOOG) is ready to take charge. The SP 500 is moving 1 percent-2 percent a day. We have China and Taiwan fighting. Jonathan, what is the market telling us about the financial stocks?
Cashin’ In Challenge
Jonathan Hoeing: Wendell, what is the market missing here? I mean, you spin a great story, but from Bank of New York (BK) to Deutsche Bank (DB), Wachovia (WB), these stocks are super weak. It’s down 40 percent. We have some cranky baby boomers who are going to be retiring soon.
Terry Keenan: Wayne, who is more American here? Jonathan or Dagen?
David Asman, host: What happens if China invades Taiwan?
Jonathan Hoenig, Capitalistpig Asset Management: The three most important rules in real estate are location, location, location. If you invest your stocks in your personal account, and your bonds and your fixed income inside your IRA’s and your 401k’s, you end up with about 20 percent more money. Eventually there might only be two or three big global trading platforms. It goes away completely in 2010. I own it.
Tobin: General Motors is dead. We have to think intelligently about this issue.
Terry Keenan: Wendell is back and he says you can bank on JPMorgan Chase (JPM) as a buy for Monday morning. And I would stay there. This demand from U.S. I don’t know what’s going on. They anticipate double earnings this year. Not just about stocks and bonds but real estate and tax issues.
Wendell Perkins: Perhaps.
Neil Cavuto: But does your generation truly feel that the president’s plan, where you can invest part of it, is a waste of time?
o PFIZER (PFE)
Last week’s pick from Charles Payne was eBay (EBAY). Over the past four years, sales at SP 500 companies have gone up 12 percent but profits have gone up 93 percent. If you have to have an alternative source of revenue, and we discussed this in the past, we have talked about having a national sales tax. As long as they have that potential safety net, if you will, they’ll always put that off. Things are going very well.
Jonathan’s buying: Southern Company (SO)
Friday’s close: $33.00
The death tax is being phased out under President Bush’s tax cuts. And right now they are still blowing up trucks but the public is no longer with them. But the Thursday’s gain, took some of it away. We have a $400 billion budget deficit. That’s something we should worry about
With the advance of new technologies, there are new challenges we must face.”
External sites are not endorsed by CNN Interactive.
While Hong Kong officials argue that cyber casinos are taking the funds needed to improve the quality of life for Hong Kong’s citizens, Lambe, a Hong Kong native, asserts that the tussle for takings is simply a commercial issue.
However, the government admits that the existing gambling ordinance is inadequate to challenge the latest breed of casino.
According to the Hong Kong Home Affairs Department, the only legal gambling outlets are the racing activities organized by the Jockey Club and the Mark 6 lottery.
The Hong Kong Jockey Club, which is also the leading source of charitable funding in the territory, experienced an 8 percent fall in betting turnover last year — a fall that the club is attributing to illegal gambling and Internet betting.
According to Easybets.com CEO Tim Lambe, his site’s Asia-based gamblers spend more per bet than their American or European counterparts — especially punters from Hong Kong, Singapore and Taiwan.
Threat to revenues
Other governments with income streams from gambling will be watching developments with interest.
The department has introduced the gambling amendment to the Hong Kong Legislative Council, which is now studying the proposal.
In response, the government has amended an outdated gambling ordinance that would bar Internet bookmakers from Hong Kong, a lucrative market that online betting sites worldwide cannot afford to ignore.
Easybets.com, the online arm of a 25-year-old chain of traditional bookmakers, is aggressively expanding into Asia to push growth beyond its current turnover of $120 million to $150 million a year.
“It would be like charging an Italian for smoking dope in Amsterdam,” says Nadja Von Massow, spokesperson for the online gambling site SSP International.
Hundreds of offshore Internet bookmakers are offering discounted bets on Hong Kong Jockey Club races to attract Hong Kong’s wired gamblers. Authorities are worried because 11 percent of the government’s total tax take comes from the Jockey Club.
Thirty to 40 percent of the site’s customer base comes from Asia.
By CNN.com Writer
Kristie Lu Stout
HONG KONG, China (CNN) — The Hong Kong government is reacting to protect its gambling revenue as more punters switch from the racetrack to online betting.
“It’s a revenue problem. From 22 percent in October, the overall reach of the population going to gambling sites increased to 36 percent in November and to 41 percent in December.
“We see that there are inefficiencies in the ordinance to handle the Internet and technology improvements,” says a spokesperson from the Hong Kong Home Affairs Department.
SSP International Ltd.
The Hong Kong Jockey Club
Note: Pages will open in a new browser window
. But everything has to be open to competition to improve its services,” says Lambe.
New research from Internet measurement firm NetValue indicates a boom in Hong Kong user visits to cyber casinos.
“A new market is a medium which is not going to fall under restrictions made by single governments.”
During a Lunar New Year meeting last month, Hong Kong Jockey Club Chief Lawrence Wong singled out Antigua-based Easybets.com as a gambling revenue threat.
Jockey Club executive director of corporate development, Kim Mak, said: “These are companies that make no contributions to Hong Kong, they are in fact stealing the important community resources of Hong Kong people.”
“If they are worrying about revenue they should start thinking about improving the service or opening ways to legislation so they can tax revenues on offshore bookmakers.”
Internet gambling sites deny that it is illegal for them to take bets from Hong Kong punters.
It is worthy to mention that we have chosen contents relevant to this site and have summarized these alongside some of our inputs (Readers who wish to get a glimpse of the report details may visit http://www.pwc.com/gx/en/entertainment-media/pdf/pwc-playing-to-win.pdf.
Casino Revenue Figures – Actual and Estimates
Like any other business or going concern, casinos are also taxed by the Government. Apparently, crossing borders would be inevitable as business owners try to provide its local customers with as many players to play against. The saying “Different folks, different strokes” strongly applies.
3. Asia Pacific countries like Australia and South Korea have become major players as they accounted for 92% of the region’s casino revenues for 2008. Singapore is not to be left behind as it occupied the number three slot among the regions revenue contributor for the same year.
Many might be wondering whether a deal could possibly be forged between the popular social network Facebook and Harrahs. Government and Taxation
Everyone knows that Asia is being touted as the next global champion, thus it didn’t come as a surprise when PwC reported that the Asia Pacific Region industry players, specifically Macau, has already surpassed Nevada’s casino revenues in 2008. The first part contains discussions on land-based casinos while the second touches on online casinos.
4. Sports-betting has likewise become a big industry in the US.
Recession and US Casinos
Overall, it seems that growth of online casinos (including land-based ones) will be greatly influenced by Government’s laws and regulations on casinos and strategies on achieving revenue growth in the coming years. Whether or not it is ready to embrace gambling as a legitimate source of entertainment for mature and responsible adults still remains to be seen. Deal or no deal, social networks are bound to take on a major role in promoting online casinos. Too much imposition of taxes and stringent regulations may kill the industry. Of course we cannot discount the role of the general public in shaping the future of casinos worldwide. The recent economic recession has had negative repercussions on casino owners in Nevada and Atlantic City. Apparently, more and more casino business owners recognize the value of social utilities and their huge contribution to increasing customer base and revenues.
Rick is an industry veteran offering views and insights into the online casino world.
In the US, casino owners are experiencing a less than favorable output. PwC also reported major directions to be taken by online casinos within a four-year time frame. The company however came out with revenue figures derived from regulated online gambling. In the US, horse racing has evolved into a legal activity in various states. Cross-Border Gambling
The practice of keeping casino operations within territories or states are backed up by their respective governments however, this set up may not gain a strong foot hold in the coming years. We have gone one step ahead by digesting selected sections of the report and summarizing them for you. Below is a brief discussion of these directions including our views.
People have different perspectives about gambling. The company further estimates that this will reach US$156.8 billion or a hefty 56 percentage points increase by year-end 2014. Understandably, Government would want higher revenue from taxes however, it may be wise to temper its imposition of taxes (including regulations) if it wants the industry to thrive.
A few years ago, the UIGEA Bill was passed to control illegal online gambling although there are entities pushing for its repeal. This lengthy but must-read report discusses the land-based and online casino industry including players, trends, and revenue growth, to name a few. Poker for instance is viewed as game of strategy and entails analytical skills from among its players. Gaming businesses in UK also experienced the same heavy imposition of taxes. PwC reports that for 2009 alone, revenue derived from gambling worldwide was a whopping US$100.5 billion. The bottom line is each form of gambling draws varied reactions from multiple sectors of society. Probably for lack of reliable and credible sources, revenue figures from online gambling were excluded from the PwC report. On-line gambling in France for instance has blamed the French Government for its poor performance due to regulations and taxes. One proof is the growing number of Zynga poker fans who play poker for free via Facebook. For this reason, a premier gambling business in UK has decided to pull-out and relocate its head office offshore. The Social Network Bandwagon
By: Rick A
We will continue to keep track of interesting news and issues pertaining to online gaming laws and regulations so do follow us regularly on twitter @rCasinoReviews or simply subscribe to our RSS feed.
PwC’s report came out in two parts. Casino owners were not spared of the crisis. As a precautionary measure, the New Jersey government is reportedly preparing to submit an Online Gambling Bill which would help casinos outside of Atlantic City to obtain operating licenses. Lastly, forging ties with social networks have become a trend among casino owners as they recognize its valuable contribution to market presence and revenue growth. The Powerball multistate lottery in the US and selected provinces in Canada are gearing towards creating a poker network. His casino blog provides insider information about online casino and what players need to know.
1. Societal Views and Values
Price Waterhouse Coopers (PwC), one of the giants among accountancy firms worldwide has recently published a report on “Global Casino and Online Gaming Market to 2014″. On the other hand, table games in casinos are often times viewed as merely a game of chance and is unlikely to gain widespread acceptance compared with poker games. We can go on discussing a host of other forms of gambling and the public’s different views on these. While this site focuses on online casinos, a discussion on land-based casinos cannot be ignored at this point considering its huge operations and strong influence on its online counterpart. Casino owners, especially those operating within smaller states or regions would find ways to broaden its customer reach. It is interesting to note that apart from Harrahs, other online casino businesses have expressed growing interest in joining the social networking bandwagon. As expected, revenues took a nosedive.
Personally, I dropped out of high school, did the above for 11 years, and now have 5 university science degrees, including a Ph.D. all you do is sit and wait for accidents and injuries, so you can then take courses by correspondence or online while getting paid to be on call 24/7 living at the rig site (camp cook feeds you at the oil company’s expense).. in math. Not only did I get all of my degrees without student loans, but thanks to $350,00 per day pay, I had a significant amount of money for traveling to Asia for one on one martial arts lessons with several grand masters.
Consider this …
Go to B.C., take an industrial first aid course (2 weeks lessons, 3rd week is exams), then take a one day course “H2S Alert” … then go to work on northern B.C.’s oilfield oil drilling rigs (Fort Nelson – Fort Saint John) ..
It also will use the information to validate computer models designed to apply the results to other drop scenarios, since it’s not possible to replicate every possible accident in tests.
The new radar functioned as expected after launch on a Trident II missile from a Navy submarine, Edwards said. The test was conducted at Sandia’s 185-foot Drop Tower Facility, using the same handling gear a crane would use to move the weapon.
The first flight and drop tests for the latest variant of the W88 nuclear warhead are providing data for Sandia National Laboratories to validate designs, improve computer modeling and update component specifications.
The Critical Radar Arming and Fuzing Test (CRAFT) was the first flight test of a prototype radar for the W88 ALT 370. It also represented a milestone: the first flight test unit Sandia and its partners, Los Alamos National Laboratory (LANL), the Kansas City Plant (KCP) and Pantex, delivered to the Navy for full-scale testing under the program.
Sandia will use vibration and shock measurements from the test to update specifications for components in the weapon, he said. Using an unarmed re-entry body, Sandia conducted the test in partnership with LANL, KCP and Pantex at Sandia’s 185-foot Drop Tower Facility, using the same handling gear a crane would use to move the weapon, making the test as realistic as possible.
The June CRAFT test was the first of several planned flight tests to demonstrate the upgraded system’s performance. Sandia and its partners are analyzing results to validate requirements and radar design.
Evaluating powerful batteries for modular grid energy storage
The two successful tests, which were conducted this summer, provide data for the program, the W88 ALT 370 (alteration), to move forward, said Tim Edwards, manager for the program’s technical basis and qualification activities.
Sandia National Laboratories performed a drop test for the W88 ALT 370 program, designed to replicate a crane accidentally dropping the re-entry body onto a concrete surface. It was the W88 program’s first abnormal drop test since the system’s original qualification test in 1987. CRAFT demonstrated how the radar performed during re-entry through plasma generated by the hypersonic speeds at which the warhead travels.
“The weapon is not required to function after that, just to stay safe,” Edwards said.
. An abnormal environment is one that is unexpected, such as an accident.
A month later, the first drop test of the W88 ALT 370 program mimicked a crane accidentally dropping the re-entry body onto a concrete surface to develop evidence that it would remain safe during an accident
(The asteroid that hit the planet 66 million years ago wiped out the dinosaurs because of very bad timing, researchers say.)
More From Newser
Somebody’s been watching Armageddon: American nuclear authorities say they have delayed getting rid of old warhead components because they could help protect the world from killer asteroids.
This article originally appeared on Newser: US Keeping Nukes in Case of …
Scientists believe it will be at least a century before any asteroids big enough to wreck the planet are close enough to worry about, but some researchers are worried about smaller asteroids and believe nuclear weapons could be an effective solution, the Atlantic reports.
Authorities say the warheads are being kept “pending a senior-level government evaluation of their use in planetary defense against earthbound asteroids,” reports the Wall Street Journal, which found the information “tucked away” on the 67th page of a Government Accountability Office report on the National Nuclear Security Administration.
Saying nukes are needed to defend the planet “may be an excuse for keeping the nuclear arsenal together,” he says. Asteroids?
A Malmstrom Air Force Base missile maintenance team removes the upper section of an ICBM at a Montana missile site. (AP Photo/US Air Force, John Parie)
But that runs the risk of having radioactive debris hit Earth, and a Purdue University professor tells the Journal that there are probably better ways to ward off asteroids, including a “gravity tractor” that could change their course.
The EGen truck represents a zero-emissions, no-transmission, noise-free, smooth-driving, electric vehicle that could significantly reduce vehicle operating costs for the transportation company.
The advantage of an electric power train is zero tailpipe emissions, which helps reduce particulates and nitrogen dioxide in the atmosphere, and also offers dramatically lower operating costs for the owner.
“Major transportation companies are always looking for sustainability as an integral part of operations,” said Steve Burns, CEO of [Workhorse Group Inc. For additional information visit http://www.workhorse.com.
Workhorse Group Inc. “We are encouraged by the positive feedback regarding the performance of our EGen Workhorse truck, and are thrilled that the electric vehicle is making deliveries to customers in the field.”
Two E-GEN Electric Workhorse Walk-in Trucks with small Onboard Generator are currently delivering in the field. (OTCQB: WKHS) announced today that it has delivered two EGen Electric Trucks with Onboard Generator to a Major Transportation Company, and deliveries are currently being made to customers.
“The E-GEN zero-emission driving experience has the potential to reinvent the local delivery vehicle,” continued Burns. AMP Workhorse E-GEN Trucks are designed to be cost effective, without the need for government voucher assistance.
“Based on deliveries made, the performance and handling of the E-GEN Workhorse truck has been outstanding,” said Burns. CINCINNATI, OH (PRWEB) April 28, 2015
Workhorse E-GEN electric trucks are designed to meet the needs and expectations of daily delivery duty cycles, as well as save delivery fleet buyers fuel and operational costs, dramatically reducing total cost of ownership over the lifetime of the vehicle.
Built on the new, narrow track W88 chassis, the E-GEN trucks come with a 60 kWh lithium ion battery pack featuring Panasonic 18650 cells that provide power to a 2200 nm (268 bhp) permanent magnet motor powerful enough to eliminate the need for a transmission. manufactures electric drive systems for medium-duty, class 3-6 commercial truck platforms. “With the capability of recharging enroute, via the onboard generator, in the event of an unusual event that requires more than the average route length on a given day, range anxiety is virtually eliminated. “The EGen onboard generator gives the truck many unique advantages over conventional gas and other typical electric vehicles.”
Workhorse Group Inc.
Workhorse Group Inc. Workhorse Group Inc., which purchased the assets of Workhorse Custom Chassis LLC from Navistar in March of 2013, can equip its Workhorse chassis with electric, gasoline, propane, or CNG engines. The EGen design keeps price low and eliminates range anxiety.
About Workhorse Group Inc.
For the original version on PRWeb visit: http://www.prweb.com/releases/2015/04/prweb12686007.htm
Contact: . The Workhorse Group, Inc. (OTCQB: WKHS), is the manufacturer of the E-GEN Workhorse truck
Om in ons appartementencomplex daadwerkelijk binnen die kritische zes minuten hulp te kunnen verlenen bij een hartstilstand, werd besloten een Automatische Externe Defibrillator (AED) aan te schaffen.’
‘Ik heb zelf niets gemerkt’
REGIO | 07 mei 2015
Gered door buren
Bijna elke etage van het complex beschikt nu over één of meerdere bewoners die kunnen reanimeren, er is een 24-uurs alarmtelefoon en iedere bewoner heeft een schema van waar in geval van nood de dichtstbijzijnde hulp is te verkrijgen. ‘Voor familie en vrienden waren het spannende momenten, maar zelf heb ik er niets van gemerkt,’ zegt Cees van Langen. Zij volgen elk jaar een herhalingscursus’, besluit Bos.
‘Op een dag keek ik naar Cees en dacht: “wat lig jij er raar bij,” vertelt Greta van Langen. De 65-jarige Purmerender overleefde een hartstilstand doordat hij werd gered door zijn AED-getrainde buren.. Vervolgens hebben we de buurman beurtelings gereanimeerd, totdat de ambulance ter plekke was,’ vervolgt Frank.
PURMEREND – Als er geen AED-kastje in appartementencomplex De Oeverlanden had gehangen, had Cees van Langen waarschijnlijk niet meer geleefd. Zijn vrouw Trudy, ook getraind in reanimatie en AED-gebruik, haalde ondertussen het AED-kastje. Verder werd een inwendige defibrillator onderhuids ingebracht. ‘Ik legde Cees op de grond en begon te reanimeren,’ vertelt hij. In paniek klopte ik bij onze buren Frank en Trudy aan voor hulp.’ Buurman Frank Bos, ervaren EHBO’er en AED-getraind, ondernam meteen actie.
Door Yara Hooglugt, Dichtbijredacteur
‘Het kan iedereen overkomen’
Het AED-kastje hangt inmiddels zo’n drie jaar in de hal van het complex en is een initiatief van bewonerscommissie De Oeverlanden. Cees bleek op drie plaatsen een verstopping te hebben, die met stents zijn verholpen. Met het verhaal van Cees willen zij benadrukken hoe belangrijk de aanwezigheid van een AED-kastje (Automatische Externe Defibrillator) is. Zonder hun snelle reactie en hulp had ik hier niet meer gezeten. Het was een dubbeltje op zijn kant, maar gelukkig is het allemaal heel goed afgelopen.’
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‘Dankzij dat AED-kastje en mijn buren bén ik er nog’, vertelt Cees. ‘Het overkomt jaarlijks vijftienduizend mensen, zowel jong als oud en altijd onverwacht. Het AED-kastje dat in zijn appartementencomplex De Oeverlanden hangt werd aangeschaft met ondersteuning van Wooncompagnie, huurdersvereniging De Vijfhoek en de bewonerscommissie. ‘Ik tennis weer en kan de wereld aan,’ zegt hij. Inmiddels voelt hij zich weer topfit. ‘Ik voelde meteen dat het foute boel was. ‘Inmiddels zijn veertien bewoners en één assistent getraind in de reanimatietechniek. ‘Wij constateerden dat het krijgen van een hartstilstand tegenwoordig niet meer aan leeftijd is gebonden is,’ stelt Frank Bos. ‘Nadat we Cees op het kastje aansloten, dienden wij twee maal een stroomstoot toe. ‘Dat allemaal dankzij Frank en Trudy