Saturday, September 3, 2011
Dynamic Wealth Management Headlines:Apple rumored to be working on iOS-powered HDTVs for late 2011
http://dynamicwealthmanagement-updates.com/2011/08/dynamic-wealth-management-headlinesapple-rumored-to-be-working-on-ios-powered-hdtvs-for-late-2011/
Dynamic Wealth Management Headlines: Germany requests urgent UNSC meeting on Syria
http://dynamicwealthmanagement-updates.com/2011/08/dynamic-wealth-management-headlines-germany-requests-urgent-unsc-meeting-on-syria/
Closed-door consultations requested after human rights groups says attack by Syrian forces on Hama leaves at least 80 people dead.
UNITED NATIONS – Germany has requested that the UN Security Council meet on Monday to discuss the worsening violence in Syria, a spokesman for the German mission at the United Nations said.
The request came after human rights groups said 80 people had been killed in the Syrian city of Hama when government troops stormed in on Sunday to crush protests amid a five-month-old uprising against President Bashar Assad.
Germany holds the rotating Security Council presidency until midnight on Sunday, then India takes over for the month of August.
German spokesman Alexander Eberl said his mission had asked the Indian mission to schedule closed-door council consultations for Monday and it was likely to take place in the afternoon, New York time.
Italy also reportedly called on Sunday night for an emergency UN Security Council meeting on Syria, urging European envoys in Damascus to meet Monday.
“We request that the United Nations Security Council hold an urgent meeting and adopt a very firm position,” Italian Foreign Minister Franco Frattini was quoted by AFP as saying in an interview to public broadcaster RAI.
Practical council action on Syria has been paralyzed for weeks by disagreements within the 15-nation body.
Western European countries circulated a draft resolution on June 8 that would condemn the Syrian crackdown on protesters, but Russia and China, both allies of Damascus, have threatened to veto it.
Temporary council members Brazil, India, Lebanon and South Africa have also said they do not support the resolution. They say they fear that even a simple condemnation could be the first step towards Western military intervention in Syria, as happened in Libya in March.
Meanwhile, the Muslim Brotherhood on Sunday accused the Alawite elite of waging sectarian warfare on Sunnis by attacking Hama.
“Syria is witnessing a war of sectarian cleansing. The regime has linked its open annihilation with the crescent of Ramadan. It is a war on the identity and beliefs of the Syrian nation … on Arab Muslim Syria,” it said in a statement.
The statement comes after US President Barack Obama said he was appalled by the Syrian government’s use of violence against its people in Hama, and promised to work with others to isolate Assad.
“The reports out of Hama are horrifying and demonstrate the true character of the Syrian regime,” Obama said in a statement released by the White House. “Syria will be a better place when a democratic transition goes forward. In the days ahead, the United States will continue to increase our pressure on the Syrian regime, and work with others around the world to isolate the Assad government and stand with the Syrian people.”
Dynamic Wealth Management News Updates
http://dynamicwealthmanagement-updates.com/
http://www.jpost.com/MiddleEast/Article.aspx?id=231855
Closed-door consultations requested after human rights groups says attack by Syrian forces on Hama leaves at least 80 people dead.
UNITED NATIONS – Germany has requested that the UN Security Council meet on Monday to discuss the worsening violence in Syria, a spokesman for the German mission at the United Nations said.
The request came after human rights groups said 80 people had been killed in the Syrian city of Hama when government troops stormed in on Sunday to crush protests amid a five-month-old uprising against President Bashar Assad.
Germany holds the rotating Security Council presidency until midnight on Sunday, then India takes over for the month of August.
German spokesman Alexander Eberl said his mission had asked the Indian mission to schedule closed-door council consultations for Monday and it was likely to take place in the afternoon, New York time.
Italy also reportedly called on Sunday night for an emergency UN Security Council meeting on Syria, urging European envoys in Damascus to meet Monday.
“We request that the United Nations Security Council hold an urgent meeting and adopt a very firm position,” Italian Foreign Minister Franco Frattini was quoted by AFP as saying in an interview to public broadcaster RAI.
Practical council action on Syria has been paralyzed for weeks by disagreements within the 15-nation body.
Western European countries circulated a draft resolution on June 8 that would condemn the Syrian crackdown on protesters, but Russia and China, both allies of Damascus, have threatened to veto it.
Temporary council members Brazil, India, Lebanon and South Africa have also said they do not support the resolution. They say they fear that even a simple condemnation could be the first step towards Western military intervention in Syria, as happened in Libya in March.
Meanwhile, the Muslim Brotherhood on Sunday accused the Alawite elite of waging sectarian warfare on Sunnis by attacking Hama.
“Syria is witnessing a war of sectarian cleansing. The regime has linked its open annihilation with the crescent of Ramadan. It is a war on the identity and beliefs of the Syrian nation … on Arab Muslim Syria,” it said in a statement.
The statement comes after US President Barack Obama said he was appalled by the Syrian government’s use of violence against its people in Hama, and promised to work with others to isolate Assad.
“The reports out of Hama are horrifying and demonstrate the true character of the Syrian regime,” Obama said in a statement released by the White House. “Syria will be a better place when a democratic transition goes forward. In the days ahead, the United States will continue to increase our pressure on the Syrian regime, and work with others around the world to isolate the Assad government and stand with the Syrian people.”
By Josh Ong
Published: 08:20 PM EST
http://www.appleinsider.com/articles/11/06/21/apple_rumored_to_be_
working_on_ios_powered_hdtvs_for_late_2011.html
A new rumor claims Apple is readying an iOS-powered connected TV, possibly for release as early as this fall.
A former Apple executive, speaking anonymously, said the company plans to “blow Netflix and all those other guys away” by bundling Apple TV + iTunes inside a physical display, DailyTech reports. Apple is reportedly teaming up with a major supplier to provide the rebranded television sets, the source noted.
When questioned why an OEM would cut into its sales by providing Apple with units, the source said, “If you have to be competing with somebody, you want to be competing with yourself.”
The tipster indicated a planned fall launch, while noting that the product could get pushed to next year because of Apple’s “high standards.” A fall launch could coincide with the launch of the next-generation iPhone, as well as iOS 5 and iCloud.
“You’ll go into an Apple retail store and be able to walk out with a TV. It’s perfect,” the source said. According to the unverified report, the iOS-driven televisions would support third-party apps.
Rumors of an Apple Smart TV have existed for years, with Piper Jaffray analyst Gene Munster repeatedly forecasting the product. Munster has suggested that an Internet-connected TV from Apple may have a starting price in the range of $2,000.
Dynamic Wealth Management Headlines: With default looming, use financial caution
http://dynamicwealthmanagementreports.com/2011/08/dynamic-wealth-management-headlines-with-default-looming-use-financial-caution/
Chicago - How do you prepare for a financial cataclysm that may not happen?
That’s the question facing investors as an Aug. 2 deadline approaches for Washington to raise the government’s borrowing limit or risk a U.S. default on its debt.
Economists say a default could create a credit crisis similar to what happened after Lehman Brothers went bankrupt in 2008, causing interest rates to rise and harming the economy. But the reaction in the stock and bond markets has been muted.
In theory, Treasury bonds should have a higher yield when investors think there’s a greater risk they won’t get their money back, such as in the event of a U.S. government default.
So Wall Street appears to think a deal will be struck in time. But the alarming headlines are causing investors anxiety.
“We’re seeing clients growing nervous as they keep hearing about the deadline,” says Oliver Pursche, president of Gary Goldberg Financial Services in Suffern, N.Y. He says investors are asking him whether they need to change to their portfolios.
So what should you do if you’re worried about a default? Here are five things to keep in mind.
1. Don’t abandon your long-term plan.
Most investors who had diversified portfolios in 2008 and stuck with them have made up their losses, despite a 57 percent drop in the Standard & Poor’s 500 from its peak in October 2007 to the market bottom in March 2009.
Investors who panicked and withdrew their money from the stock market have found it tougher to recover.
“Don’t get waffled around emotionally by all of this short-term noise,” says Michael Farr, chief investment officer of Farr, Miller & Washington, an investment firm in Washington, D.C.
2. Be wary of bonds.
Conservative investors who sought to avoid the volatility of the stock market and flocked into bonds could get burned.
A default could drive up the cost of government borrowing for years and lead to higher interest rates for everyone else. If that happens, bonds would lose value because their prices move in the opposite direction of interest rates.
Even a brief default could be enough to hurt the credit rating of U.S. debt and usher in an era of higher interest rates, cautions Greg McBride, senior financial analyst for Bankrate.com.
If you want to position yourself for an impasse on the debt ceiling, consider Treasury bills with a maturity of six months or less. Look for those maturing sometime after August. Their short-term nature means their prices are less affected by an increase in interest rates. That’s because investors will receive their principal investment before there are larger changes in the economy. Investors also should steer clear of Treasury notes with a maturity of 10 years or longer because their prices may face steep price declines as interest rates climb. Bank CDs are another option, although the yields are minuscule.
3. Remember that rebalancing can be risky.
Adjusting your 401(k) retirement plan to shift money out of the stock market and into cash is always an option for nervous investors. But you should weigh the repercussions first.
If you pull money out of stocks now, you could miss a “relief rally” if the market climbs after a last-minute debt deal. Even if you’re correct and move your money before a decline in the market, you’ll need to get the timing right a second time when you shift back into stocks. Otherwise, there’s a good chance you’ll find yourself on the sidelines when market momentum shifts.
If you have only a year until retirement or you find yourself fretting over your potential losses, playing it cautious may make sense.
“Pull back a little for peace of mind if you’re really worried,” says Tom Root, associate professor of finance and business at Drake University. “But if you have a long-term plan, stay with it.”
4. Check your emergency preparedness.
In a period of uncertainty, it’s important to make sure you have access to cash in case of an emergency. Investors should set aside money for emergencies in an easily accessible account, like a money-market savings account. It’s important not to have this money in an investment account because market volatility could leave you unprotected.
Ideally, a single-earner family should have enough cash set aside to cover six months or more of living expenses. A two-income family should have at least three to six months’ worth, says Justin Sinnott, a financial consultant for Charles Schwab Corp. in Seattle.
5. Watch for buying and selling opportunities.
This is a good time to remember Warren Buffett’s famous advice: “Be fearful when others are greedy, and be greedy when others are fearful.” As more fear creeps into the market with the deadline approaching, it may be a prime time to snap up bargain stocks.
And if steep cuts to government spending are part of an agreement on the debt ceiling, keep in mind the specific industries that could be hurt the most.
Goldman Sachs issued a note to investors last week listing companies that generate at least 20 percent of their revenue from government. Many are in the health care sector, both providers and equipment suppliers, plus defense contractors.
The turbulent market in the last three years has caused many investors to be overly cautious, says Erik Davidson, deputy chief investment officer for Wells Fargo Private Bank.
During the debt standoff, he says, investors should look for higher yields. In particular, the stocks of large companies are paying investors an average of 2 percent annually, and high-yield corporate bonds are paying an average of 7.26 percent.
Dynamic Wealth Management Headlines: HTC files another lawsuit against Apple
http://dynamicwealthmanagementreports.com/2011/08/dynamic-wealth-management-headlines-htc-files-another-lawsuit-against-apple/
Models hold up the latest smartphone by HTC, the HTC Evo 3D, during a press conference in Taipei yesterday.
Photo: Sam Yeh, AFP
The patent row between HTC Corp (???) and Apple Inc has escalated as the Taiwanese firm filed a new lawsuit against its archrival on claims that it violated HTC’s patents with iPhones, iPads, iPods and Mac computers.
HTC is seeking unspecified damages and a ban on the use of three patented technologies by Apple.
The Taiwanese firm, the world’s No. 5 smartphone brand, filed a complaint with the US International Trade Commission (ITC) and the US District Court of Delaware for patent infringements, the company said in a statement yesterday.
“We are taking this action against Apple to protect our intellectual property, our industry partners, and most importantly our customers that use HTC phones,” HTC general counsel Grace Lei (???) said in the statement. “This is the third case before the ITC in which Apple is infringing our intellectual property. Apple needs to stop its infringement of our patented inventions in its products.”
The patents at dispute cover a range of functionality in Apple’s Mac computers and mobile devices that are essential to the user experience, the statement said.
These include Wi-Fi capability that allows users to wirelessly network multiple devices at home, at work or in public; and processor communication technology that enables the seamless integration of a personal digital assistant and a cellular phone into a single device providing users with a true smartphone experience, it said.
HTC and Apple have tangled in a spate of lawsuits going back to March last year.
Apple filed its latest complaint against HTC with the ITC and District Court in Delaware last month in connection with five cases linked to the technology used in iPads and iPhones.
A few days later, the ITC gave an initial ruling on March last year’s case, finding that HTC had infringed upon two patents belonging to Apple — a verdict that HTC has said covered “two minor patents.”
The ITC will make a final ruling in December and HTC is expected to reach a settlement with Apple by then, or in the worse case face a ban to stop selling its smartphones in the US.
Apple has sued many rivals, including HTC and Samsung Electronics Co, over patent infringements in several countries. It has also been countersued by rivals.
HTC chief financial officer Winston Yung (???) said on Monday that the company has provisions set aside for the lawsuits.
He also reiterated CEO Peter Chou’s (???) views that the litigation was merely a “disturbance” on the company’s road to greater success, and that investors could be assured that HTC would not be put in a “dangerous situation.”
“We are fully prepared for any scenario,” Yung said.
Separately, HTC launched its first 3D smartphone in Taiwan yesterday.
The Evo 3D, which is already on sale in the US, carries a 4.3-inch touch screen and allows users to capture and play images that come across as being three-dimensional without the need for specially designed glasses.
The cellphone, which costs NT$21,900 (US$760), uses Google Inc’s Android 2.3 platform and enables users to browse 3D images or play games in 3D.
Shares of HTC closed down 3.14 percent yesterday at NT$801 on the Taiwan Stock Exchange.
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