mardi 30 août 2011

Shaw Capital Management Financial News: Warning to Victims: 8 charged in alleged $40 million fortune-telling scam

http://shawcapitalmanagementfinancialnews.com/


FORT LAUDERDALE, Fla. — Prosecutors say a family amassed $40 million in a fortune-telling scam, warning victims that if they didn’t follow their advice, terrible things would happen to them or their loved ones.
Details spilled out in federal court Friday after eight people were arrested earlier this week.
Assistant U.S. Attorney Laurence Bardfeld said victims who were going through vulnerable phases forked over cash, gold coins and jewelry. The defendants promised victims they wouldn’t spend the money, but then refused to return it.
The Sun Sentinel reported that one victim, a bestselling author, gave an estimated $20 million.
Citing “several sources,” the newspaper identified that victim as Jude Deveraux, author of dozens of New York Times bestsellers.
‘Operation Crystal Ball’
Authorities started investigating in 2007 after a victim complained about losing $3,000.
The Sun Sentinel said other alleged victims included a person from Japan who handed over $496,000.
According to NBCMiami, the multi-agency, multi-state investigation was dubbed “Operation Crystal Ball.”
An attorney for one family member said the clan provided counseling for victims who had nowhere to turn.
The Associated Press and msnbc.com staff contributed to this report.

jeudi 25 août 2011

Blog-Shaw Capital Management News: U.S. Air Force’s Second Missile Warning Satellite Completes Major Environmental Test at Lockheed Martin

http://blog.shawcapitalmanagement-news.com/2011/08/17/blog-shaw-capital-management-news-u-s-air-forces-second-missile-warning-satellite-completes-major-environmental-test-at-lockheed-martin/


SUNNYVALE, Calif., Aug. 16, 2011 /PRNewswire/ – Lockheed Martin (NYSE: LMT) has successfully completed acoustic testing of the second Space Based Infrared System (SBIRS) geosynchronous (GEO-2) spacecraft.
The U.S. Air Force’s SBIRS satellites provide the nation with significantly improved missile warning capabilities and simultaneously support other critical missions including missile defense, technical intelligence and battlespace awareness.
During acoustic testing, the fully integrated GEO-2 spacecraft was paced through the maximum sound and vibration levels expected during launch into orbit. Acoustic and pyroshock testing are among several critical environmental test phases that validate the overall satellite design, quality of workmanship and survivability during space vehicle launching and on-orbit operations. GEO-2 will now undergo thermal vacuum testing, which will validate its performance at temperature extremes greater than those expected during on-orbit operations.
“SBIRS GEO-2 is progressing very smoothly on the path to delivery, and successful acoustic testing of the space vehicle is indicative of the team’s increasing expertise in fielding SBIRS spacecraft,” said Col Scott Larrimore, Chief of the U.S. Air Force’s SBIRS Space Division.  ”Our dedicated government and industry SBIRS team is focused on executing an efficient and thorough environmental test phase and ultimately delivering the much needed capabilities SBIRS GEO-2 will bring to our warfighter.”
The first geosynchronous (GEO-1) SBIRS satellite was launched May 7, and has since reached orbit, deployed its instruments and activated its sophisticated infrared sensors. GEO-1 is performing as expected, and is now undergoing early orbit testing. GEO-2 is on track to be delivered and available for launch in spring 2012.
“Leveraging expertise gained from GEO-1, our SBIRS team executed a very smooth acoustic testing phase on GEO-2,” saidDave Sheridan, Lockheed Martin’s SBIRS deputy program director. “We understand the importance of the SBIRS system and are committed to delivering GEO-2 efficiently and affordably for our customer.”
The SBIRS team is led by the Infrared Space Systems Directorate at the U.S. Air Force Space and Missile Systems Center.Lockheed Martin is the SBIRS prime contractor, with Northrop Grumman as the payload integrator. Air Force Space Commandoperates the SBIRS system.
Lockheed Martin’s original SBIRS contract includes HEO payloads, two geosynchronous orbit (GEO) satellites, as well as ground-based assets to receive and process the infrared data. The team is also under a follow-on production contract to deliver additional HEO payloads and the third and fourth GEO satellites, and associated ground modifications.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s 2010 sales from continuing operations were $45.8 billion.

mardi 23 août 2011

FINANCIAL NEWS: Shaw Capital Management Financial News: Gold Extends Rally to Record as Fed to Maintain Low Rates Through Mid-2013

http://www.zimbio.com/shaw+capital+management/articles/_X_mEsR1KG_/FINANCIAL+NEWS+Shaw+Capital+Management+Financial


http://www.bloomberg.com/news/2011-08-09/gold-extends-advance-to-record-as-equity-oil-rout-spurs-demand-for-haven.html
By Debarati Roy - Aug 9, 2011 1:04 PM PT
Gold futures advanced, extending a rally to a record for the second straight day, as the Federal Reserve pledged to keep its benchmarkinterest rate low at least through mid-2013.
Gold retreated from the settlement after equities rallied as investors studied today’s Fed policy statement. The metal has jumped 45 percent in the past year following bond buybacks by the central bank during two rounds of so-called qualitative easing, combined with the lowest borrowing costs ever.
“The anxiety premium for gold remains,” Adam Klopfenstein, a senior strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview. “People are disappointed that there was no mention of QE3, but the statement shows that the government is not willing to go too excessive to stimulate the economy.”
Gold futures for December delivery advanced $29.80, or 1.7 percent, to close at $1,743 an ounce at 1:49 p.m. on the Comex in New York. Earlier, the price reached a record $1,782.50. The metal topped $1,780 in electronic trading after the Fed statement and traded at $1,740.10 at 4:03 p.m.
Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent. The Federal Open Market Committee discussed a range of policy tools to bolster the economy and said it is “prepared to employ these tools as appropriate.”
U.S. Debt
Yesterday, gold surged 3.7 percent, the most since March 2009, afterStandard & Poor’s cut the U.S. credit rating by one level from the top AAA grade. The S&P announcement spurred a rout in global equities and stoked concern that the U.S. may lapse into another recession.
Silver futures for September delivery fell $1.497, or 3.8 percent, to close at $37.883 an ounce on the Comex.
Platinum futures for October delivery climbed $32.80, or 1.9 percent, to $1,756.40 an ounce on the New York Mercantile Exchange. For the first time since 2008, gold traded at a premium to the metal used mostly in catalytic converters in vehicles. This year, platinum has dropped 1.2 percent, while gold has surged 23 percent.
Palladium futures for September delivery advanced $6.05, or 0.8 percent, to $734.55 an ounce on the Nymex.
To contact the reporters on this story: Debarati Roy in New York atdroy5@bloomberg.net
To contact the editor responsible for this story: Steve Stroth atsstroth@bloomberg.net.

Shaw Capital Management Financial News

http://www.widepr.com/company_profile/5722/shaw_capital_management_financial_news.html


About Shaw Capital Management Financial News

Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Before Shaw Capital launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).

Today, virtually all investors faced with the challenge of managing a significant pool of capital can access open architecture advice.

A true open architecture firm is completely independent of the rest of the financial services industry and accepts compensation only from its clients.

In addition, open architecture firms must make the financial commitment to hire only the most experienced advisors, and those advisors must apply their experience to the issues that will most affect their clients' wealth.

Matters like asset allocation and manager search are simply too important to be left in the hands of young analysts.

We are proud of our role in leading the open architecture revolution, and look forward to introducing you to its benefits.
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Shaw Capital Management World Financial News:World Population Forecast to Hit 10.1 Billion by 2100, UN Says

http://pressreleaser.org/shaw-capital-management-world-financial-news-world-population-forecast-to-hit-10-1-billion-by-2100-un-says/1353144


“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.
FOR IMMEDIATE RELEASE
By Bill Varner - May 3, 2011 8:25 AM PT
The world’s population is likely to grow to 10.1 billion by the end of this century, from the current total of about 7 billion, according to the first United Nations forecast for the year 2100. The projection has “serious implications” for the ability to provide food, water, energy, education and employment for millions of people in the world’s poorest nations, according to Hania Zlotnick, director of the population division of the UN Department of Economic and Social Affairs, which released the report today in New York.
“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.
The UN presented three scenarios, including a less likely “high projection variant” that foresees an increase in the world population to 10.6 billion in 2050 and 15.8 billion in 2100. The lowest projection, also considered unlikely, is based on a reduction in the global birth rate and foresees a decline in the world population to 6.2 billion in 2100. “We are raising the alarm that even though the population of the world has reduced its growth rate enormously, current growth rates are too high,” Zlotnick said. “And you could have even more billions than our most likely scenario. That is where we see a danger.”
To contact the reporter on this story: Bill Varner at the United Nations atwvarner@bloomberg.net
To contact the editor responsible for this story: Mark Silva in Washington atmsilva34@bloomberg.net

jeudi 18 août 2011

Shaw Capital Management Financial News: Gold Extends Rally to Record as Fed to Maintain Low Rates


Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent.
http://www.bloomberg.com/news/2011-08-09/gold-extends-advance-to-record-as-equity-oil-rout-spurs-demand-for-haven.html
By Debarati Roy - Aug 9, 2011 1:04 PM PT
Gold futures advanced, extending a rally to a record for the second straight day, as the Federal Reserve pledged to keep its benchmarkinterest rate low at least through mid-2013.
Gold retreated from the settlement after equities rallied as investors studied today’s Fed policy statement. The metal has jumped 45 percent in the past year following bond buybacks by the central bank during two rounds of so-called qualitative easing, combined with the lowest borrowing costs ever.
“The anxiety premium for gold remains,” Adam Klopfenstein, a senior strategist at MF Global Holdings Ltd. in Chicago, said in a telephone interview. “People are disappointed that there was no mention of QE3, but the statement shows that the government is not willing to go too excessive to stimulate the economy.”

Gold futures for December delivery advanced $29.80, or 1.7 percent, to close at $1,743 an ounce at 1:49 p.m. on the Comex in New York. Earlier, the price reached a record $1,782.50. The metal topped $1,780 in electronic trading after the Fed statement and traded at $1,740.10 at 4:03 p.m.
Fed policy makers left the target interest rate in a range of zero percent to 0.25 percent. The Federal Open Market Committee discussed a range of policy tools to bolster the economy and said it is “prepared to employ these tools as appropriate.”

U.S. Debt
Yesterday, gold surged 3.7 percent, the most since March 2009, afterStandard & Poor’s cut the U.S. credit rating by one level from the top AAA grade. The S&P announcement spurred a rout in global equities and stoked concern that the U.S. may lapse into another recession.
Silver futures for September delivery fell $1.497, or 3.8 percent, to close at $37.883 an ounce on the Comex.

Platinum futures for October delivery climbed $32.80, or 1.9 percent, to $1,756.40 an ounce on the New York Mercantile Exchange. For the first time since 2008, gold traded at a premium to the metal used mostly in catalytic converters in vehicles. This year, platinum has dropped 1.2 percent, while gold has surged 23 percent.
Palladium futures for September delivery advanced $6.05, or 0.8 percent, to $734.55 an ounce on the Nymex.
To contact the reporters on this story: Debarati Roy in New York 
To contact the editor responsible for this story: Steve Stroth 

mardi 16 août 2011

Shaw Capital Management World Financial News:World Population Forecast to Hit 10.1 Billion by 2100, UN Says

http://pressreleaser.org/shaw-capital-management-world-financial-news-world-population-forecast-to-hit-10-1-billion-by-2100-un-says/1353144

“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.
FOR IMMEDIATE RELEASE
By Bill Varner - May 3, 2011 8:25 AM PT
The world’s population is likely to grow to 10.1 billion by the end of this century, from the current total of about 7 billion, according to the first United Nations forecast for the year 2100. The projection has “serious implications” for the ability to provide food, water, energy, education and employment for millions of people in the world’s poorest nations, according to Hania Zlotnick, director of the population division of the UN Department of Economic and Social Affairs, which released the report today in New York.
“Much of this increase is projected to come from the high- fertility countries, which comprise 39 countries in Africa, nine in Asia, six in Oceania and four in Latin America,” the report said.
The UN presented three scenarios, including a less likely “high projection variant” that foresees an increase in the world population to 10.6 billion in 2050 and 15.8 billion in 2100. The lowest projection, also considered unlikely, is based on a reduction in the global birth rate and foresees a decline in the world population to 6.2 billion in 2100. “We are raising the alarm that even though the population of the world has reduced its growth rate enormously, current growth rates are too high,” Zlotnick said. “And you could have even more billions than our most likely scenario. That is where we see a danger.”
To contact the reporter on this story: Bill Varner at the United Nations atwvarner@bloomberg.net
To contact the editor responsible for this story: Mark Silva in Washington atmsilva34@bloomberg.net

Shaw Capital Management Financial News: Wall St. Banks Expected to Post Weak 2nd-Quarter Results

http://tabosh.com/shaw-capital-management-financial-news-wall-st-banks-expected-to-post-weak-2nd-quarter-results/


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Shaw Capital Management Financial News: Wall St. Banks Expected to Post Weak 2nd-Quarter Results
Article by Shaw Financial
By ERIC DASHPublished: July 10, 2011Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter.But when the bank reports its second-quarter results this week, that hot streak will have come to an end. Analysts expect JPMorgan to count an almost 20 percent drop in its sales and trading revenues, reflecting a slowdown in investor activity and the dismal performance of its fixed-income and commodities groups.Bank of America, Citigroup, Goldman Sachs and Morgan Stanley are expected to report similar news. After helping prop up Wall Street during the financial crisis, core trading revenue is projected to drop, on average, by as much as 25 percent from the first quarter, according to Credit Suisse research.That will put further pressure on the banks’ growth prospects, which are already strained by stagnant loan growth and more stringent regulation. It is also prompting nearly every major Wall Street firm to contemplate another round of layoffs amid growing concerns that at least part of the weak results are permanent.”We are undoubtedly being impacted by lower levels of activity,” said William Tanona, a financial services analyst with UBS. “There is a lot of uncertainty out there.”Together, the five Wall Street banks are still going to take in more than billion from their core trading operations, largely from business done on behalf of clients. For example, the banks routinely help airlines hedge oil prices or bring together buyers and sellers of stock, bonds and other complex securities — often putting their own money on the line to facilitate a trade. But during the second quarter, the business was particularly hard hit.Trading volumes fell sharply as investors became unnerved by the running debt crisis in Europe, the political standoff over the debt ceiling in the United States, and lingering concerns over the anemic growth of the broader economy. Even when investors did place their bets, they were far more hesitant to take big risks — something known on Wall Street as lacking conviction. That meant the banks missed out on the lucrative fees they can generate by selling more high-octane products, like complex options and derivatives.Fixed-income traders, among the biggest moneymakers for Wall Street, faced a bruising market. In the commodities business, for example, oil, gold and other metals prices had been rising quickly during the early part of the year as investors anticipated high demand for materials to keep the global economy humming. But as cracks in the recovery kept surfacing, prices headed south — and traders raced to the sidelines. That left most Wall Street desks, which had stocked up on inventory to facilitate trades, holding losing positions.At JPMorgan, for instance, energy traders were having a gangbuster year, earning several hundred million dollars for its burgeoning commodities unit. Yet when the market turned in early May, they gave back some of those gains, according to market participants. Morgan Stanley, meanwhile, suffered tens of millions in losses on its interest rate desk when a bet on lower inflation turned against the bank’s position.Mortgage trading did not fare much better. After rallying from highly depressed values for much the last two years, mortgage-backed securities prices fell sharply during the second quarter. The reason? The government started dumping into the market its vast portfolio of mortgage bonds acquired from its rescue of the American International Group, and investors believed the outsize supply would cause values to plummet. (Only recently, when the Federal Reserve Bank of New York announced it was halting auctions of the A.I.G. mortgage bonds, did prices start to stabilize.)Although the banks have slowed the spill of red ink from troubled mortgages and other bad loans, they are struggling to increase revenue in their more traditional banking businesses, too.New financial regulations have chipped away at once-lucrative sources of income, like overdraft charges and credit card penalty fees. Starting this fall, banks are expecting to absorb a multibillion-dollar hit when they are forced to sharply lower the fees they charge each time consumers swipe their debit cards. Higher capital requirements, meanwhile, could further depress profits if some banks are forced to lighten their balance sheets or exit certain businesses altogether.


dimanche 14 août 2011

Shaw Capital Management: Brazil’s Economy

http://www.sbwire.com/press-releases/sbwire-61845.htm
Seou, South Korea -- (SBWIRE) -- 10/29/2010 -- Brazil’s economy emerged from a deep but short recession in the second half of last year. The economy is expected to grow by at least 5.5% this year. But along with economic growth, expectations of higher inflation have also returned.

Shaw Capital Management Korea: Brazil’s Economy - The government’s target for annual consumer price inflation is 4.5%. To contain inflation Brazil’s central bank has raised banking reserve requirements on term deposits from 13% to 15%. In addition to the increase in reserve requirements, the bank also restored additional charges on cash and term deposits to 8% from 5% and 4%, respectively.

According to the Central Bank President Henrique Meirelles, the changes were necessary to neutralize the impact of excess liquidity brought by reserve requirement reductions made in 2008, amid the onslaught of the global financial crisis. However, for the central bank it would be a politically difficult task to raise interest rates in the run up to Brazil’s presidential, congressional and other elections in October.

Shaw Capital Management Korea: Brazil’s Economy - The government has launched a new investment trust to invest in the domestic Brazilian economy. BM&F Bovespa, the São Paulo equities and derivatives exchange is to raise its stake in the CME Group of Chicago, the world’s biggest exchange group, to 5% in an attempt to attract more institutional and retail investors to Brazil.

Shaw Capital Management Korea: Brazil’s Economy - The plan for the two exchanges is to work together to develop a new multiasset electronic trading platform based on the CME’s Globex system.

President Lula da Silva, the most popular President in Brazilian history, would like to see October’s presidential election as a plebiscite on his eight years in power. He is asking voters to transfer his success to Ms Dilma Rousseff, his chief minister, whose candidacy has been endorsed by his Workers’ party (PT).

Shaw Capital Management Korea: Brazil’s Economy - Ms Rousseff is further to the left than the present administration, but she has pledged not to make a sudden change of direction. The investors andvoters believe her so far.

We look forward to working with you and being the open architects of your financial well being.

Our goal is to provide consistent quality investment advice to our clients. Although the stock market provides many facets of opportunity for today's investor, there are always just a few stellar markets or niche companies at any given time. It is true that in a healthy market, investments yield favourable returns in a given growth area.

The key is to pick those investments that are driving the trends and will become tomorrow's brightest stars.

One problem is proper allocation of research resources. It is true there is power in numbers, and teams of researchers will generally spot and confirm trends that the individual investor would miss. But on the other hand, too broad of an effort will squander research resources and loose sight of those special investments in an overwhelming sea.

Developing Strategic Research Capital. By having broad and robust resources, then viewing and deploying those resources in a multi-dimensional fashion, a balanced research model is created yielding greater and more focused results. In short, Research Capital. To achieve this result, research is targeted to different dynamics of the market rather than a flat view of just general market trends.

Market trends are viewed across a broad spectrum for change and interaction with associated segments, and then for life and duration of changes.

From this initial analysis comes the ability to focus resources on those segments and opportunities that will shine brightest and meet your investment goals. This is the result of a properly developed research program yielding the greatest return of Research Capital, in short a wealth of specific focused knowledge to provide the depth of advice you need to make the right decision.

At Shaw Capital Asset Management your investment is important to us. That same care in managing our Market Analysis Research Strategy provides you with the information you need to make the right choice. 

mercredi 10 août 2011

Shaw Capital Management Online

http://shawcapitalmanagementonline.com/index/


Welcome to SCM Online, your sleek and no-frills alternative to the oh-so-cluttered news blogs that currently tops the search results. As a debut post, let me give you a rundown on how this whole thing works.
SCM Online conveniently groups incoming news into three categories that proves to be the most significant ones for the online community in general:
Technology. Keep tabs on the heating competition between search engine giant Google and social networking star Facebook. (Occasionally, we feature certain websites or software products and do some pros-and-cons analysis. Otherwise, anything new and newsworthy concerning consumer gadgets and the collective web.)
Lifestyle. Useful health and diet tips for those conscious with their well-being, with lots of other cool and practical stuff for everyday life thrown in for good measure.
Finance. Daily reports on the state of the market, notable fluctuations on stock prices, commodity updates, scam MOs, and several business and political factors that comes in to play.
We do host a whole lot of other stuff outside of those categories but only if they are totally interesting, amusing or informational (we don’t want to overwhelm you with useless news!).
Above all, we welcome active participation from our visitors (yeah, you!), so if you find something interesting, erroneous, terrible or inspiring, feel free to leave your two cents.
Stay tuned!

lundi 8 août 2011

Shaw Capital Management World Financial News: Stock rebound unlikely this week as debt-ceiling debate heats up

http://world.shawcapitalmanagementfinancialnews.com/2011/07/18/shaw-capital-management-world-financial-news-stock-rebound-unlikely-this-week-as-debt-ceiling-debate-heats-up/


Investors may move money into cash and other assets perceived as safer. Meanwhile, earnings season will continue after a solid first week.

NYSE
Investors, frustrated by the lack of progress in the debate over raising the debt ceiling, could move into what are perceived as safer assets, such as cash. (Ramin Talaie, Getty Images))
U.S. stocks will be hard-pressed to turn the tide of recent selling this week as political jousting over raising the United States’ debt ceiling intensifies.
Investors, frustrated by the lack of progress in the debate between the Democrat-controlled White House and Senate and the Republican-majority House of Representatives, could move into what are perceived as safer assets, such as cash.
The benchmark Standard & Poor’s 500 index last week recorded its worst weekly loss in five weeks, dropping 2.1%. The Dow Jones industrial average fell 1.4% and the Nasdaq composite index declined 2.5%.
While the wrangling over the debt ceiling takes center stage, earnings season will continue to heat up after a solid first week.
According to Thomson Reuters data, 39 companies in the benchmark S&P 500 index have posted results, with 74% reporting earnings that topped Wall Street estimates. Companies in the index are forecast to show a 6.5% rise in profits over the second quarter of 2010 when all the reports are in.
Economic data on tap for the coming week include several reports on the housing market — June housing starts on Tuesday and existing-home sales on Wednesday. In addition, data is due on leading economic indicators for June. Economic reports over the last month have raised questions about the health of the U.S. recovery.
“The bigger picture is the economy is still a disaster,” said Joe Saluzzi, co-manager of trading at Themis Trading in New Jersey.
Saluzzi said people still are watching earnings for signs growth may be stagnating. Quarterly results are expected this week from Goldman SachsMorgan StanleyBank of America Corp.and American Express. Also on the calendar are earnings news from technology companies Apple Inc.Microsoft Corp.and Intel Corp.
“Let’s see what all the rest of these guys have. Let’s see if it’s still being driven by cost cuts or are they actually getting revenue gains. That is going to tell me a lot more than if they cut the debt deal,” Saluzzi said.
But the longer the debt ceiling question continues without a conclusion, the bigger the risk for further declines in stocks and for volatility to increase.