Article: Sabi and Microsoft Launch Unique Interactive Drawing and Education Game for Children

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Sabi and Microsoft Launch Unique Interactive Drawing and Education Game for Children

Sabi Inc., a Seattle-based startup company, and Microsoft Corp. announce the launch of ItzaBitza, a unique, engaging interactive drawing and reading game for children age 4 and older.

Article Link: http://www.istockanalyst.com/article/viewarticle.aspx?articleid=2794463

Article: Microsoft Introduces Updated Windows Live Services

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Microsoft Introduces Updated Windows Live Services

• REDMOND, Wash., Nov. 13 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced the next generation of Windows Live, an integrated set of online services that make it easier and more fun for consumers to communicate and share with the people they care about most.
• The release also includes Windows Live Essentials, free downloadable software that enhances consumers' Windows experience by helping them simplify and enjoy digital content scattered across their PC, phone and on Web sites.
• "Think of Windows Live as the single place where people using our e-mail, messaging and photo-sharing services can stay connected," said Chris Jones, corporate vice president of Windows Live Experience Program Management at Microsoft.


Article Link: http://www.istockanalyst.com/article/viewarticle.aspx?articleid=2794441

Euro dips below $1.25

11/11/08

FRANKFURT, Germany (AP) — The euro drifted below $1.25 on Wednesday, dragged down by worldwide economic gloom and falling equity markets, before staging a slight recovery.

The 15-nation currency dropped to $1.2481, a level last seen in October 2006, before recovering to $1.2578 in European morning trading. That compared with its level of $1.2531 in New York late Tuesday.

The British pound slipped to $1.5392 from $1.5401, while the dollar edged up to 97.80 Japanese yen from 97.68 yen.

"Falling equity markets and global economic gloom mean traders are continuing to favor the greenback as a currency of choice," said analyst James Hughes of CMC Markets in London.

He said the pound could face pressure from economic reports due later Wednesday: the Bank of England's quarterly inflation report and new unemployment figures. Both could have a bearing on the bank's interest rate course.

"Clearly, monetary policy remains in focus so anything that points toward yet more cuts at the start of next month will have the potential to heap yet more pressure on the pound" and send it lower, he said.

Last week the Bank of England lowered its interest rate to 3 percent, a 50-year low. The European Central Bank cut its rate to 3.25 percent.

Lower interest rates can help prompt economic activity, but also typically drive investors away from a currency as they seek higher returns elsewhere.

Courtesy: pounds-euros-dollars | associatedpress | guardianuk

Daily Letter

The Letter was last Updated:         11/10/08 23:55 ET


Market View          ==        NEUTRAL

Stocks finished lower again today after a late day rally attempt failed to push the major indices into the green.
The Dow ended 2% lower while the S&P closed 2.2% below its previous close. News about a new government
program to limit foreclosures gave a little boost to battered stocks but investors quickly sold into strength and
raised more cash. Volume was higher than the previous day but still below average for this time of year.
Everyday now we hear more talk about bailouts and more companies trying to get capital from the government
to be able to survive the current crisis. But it remains to be seen if there will be enough money to supply all the
current demand. So far the US Dollar is holding up pretty well as investors repatriate their money to the US
from emerging markets and foreign governments still willing to buy US debt.

Read our previous day commentary.

Daily performance of our Model Portfolio.



Recommended Stocks and ETFs (by Sector, Industry, or Country)

1. TECHNOLOGY

AMZN  ADBE

2. HEALTHCARE

AMGN

3. SMALL CAPS

UWM

4. FINANCIALS

MA  XLF

5. CONSUMER PRODUCTS

AVP



Investing Tip Of The Week

How to buy a stock or ETF? When establishing a new position, never invest all the money you are allocating
for the stock all at once. Even the greatest traders can’t predict the exact bottom and most likely it will go lower
after you buy. We recommend buying half the position or less at first, and then after a couple of weeks, if the
stock is up or down slightly, then buy some more. If the stock moves considerably lower (around 8-10%) after
you buy it, then you should sell. If the stock breaks out (up more than 5%) right after you buy it, then wait for
the first pullback and buy more.





Notes on how to read our Stock Newsletter:
1. We update our letter every night after the market close (except for the trading updates during the day), usually around 23:00 ET or earlier.
2. Our Stocks and ETF recommendations are not meant to be used for Day Trading purposes. We won't try to call the market direction for one
particular day.
3. Our market view reflects our sentiment on the overall market. It can be one of three states: BULL, BEAR, or NEUTRAL. We only recommend
buying stocks when the sentiment is BULL. BEAR means that we recommend selling stocks and staying in cash (or short stocks in some
occasions). When we are neutral on the market, it usually means that the sentiment is changing and we will indicate if it is positive or
negative in our commentary but we don't recommend buying at that point.
4. Our stock and ETF picks will be colored in Black, Red, or Green. Black means that we like the stock and we don’t think it is necessarily
cheap or overpriced. In that case, we recommend buying on light pullbacks. Red means the stock is overpriced in the short term and we don’t
recommend starting a new position. However, color Red doesn't mean we recommend shorting or selling an existing position. Green means
that the stock is at an attractive level to buy, either because it has pulled back to support levels, or it is bottoming out from a steep decline.
5. When we drop a stock or ETF from our list, we usually are recommending that you sell the stock



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Dollar Versus the Euro

Dollar little changed versus euro after China plan
Reuters, Monday November 10 2008
By Vivianne Rodrigues

NEW YORK, Nov 10 (Reuters) - The U.S. dollar was little changed against the euro on Monday after falling earlier in the session as news of a large economic stimulus package from China made some traders more willing to take on risk.

Courtesy: sneijers.net

Initial optimism quickly faded, however, as U.S. stocks surrendered early gains on concerns that China's plan may not be enough to help avert a global recession, helping the safe-haven yen regain some strength versus the greenback.
China launched an economic stimulus package on Sunday worth nearly $600 billion in what could mark the start of a round of big spending or interest rate cuts to stave off a recession in many countries.
"The initial reaction to the announcement … to read the full story, please follow this link:

Courtesy: UK Currency | Reuters

World Finance

Emerging economies want new role

The G20 says there must be a global solution to current problems

World finance chiefs are looking to increase the role of emerging nations, as part of reforms to tackle the current crisis.

Finance ministers and central bank presidents from the world's 20 major economies have been meeting at a G20 summit in Sao Paulo in Brazil.

World Bank President Robert Zoellick said countries see the need for better coordination towards economic issues.

"All of us know it's a meeting at a time of historic challenge," he said.

"The food and fuel crises of the recent years have now been supplemented by the blow of a financial crisis. Virtually no country has escaped... all countries are moving into a danger zone."

'Developing country voices'

Emerging nations want to see the G20 grouping - which includes the G7 and the BRIC countries (Brazil, Russia, India, China) plus others - enhanced and also elevated to a heads-of-state and heads-of-government level, above the present finance ministerial status.

In October Mr Zoellick said the G20 system was "too unwieldy". In Brazil, he has now said that a new grouping of nations must emerge.

"We need to modernise the multilateral system to bring in the important developing country voices such as Brazil... I think over the next two years we are going to see some real changes to the global system," he said.

Brazil and other emerging-market nations do not feel that under the current set-up they have sufficient representation within bodies like the IMF and the World Bank.

France is suggesting bringing emerging economies on board as members of the G8 club of industrialized nations.

'Real change'

Brazil's President Luiz Inacio Lula da Silva said there was acceptance the G7 group of elite nations was no longer capable of working alone.

"It is time for a pact between governments to build a new financial architecture for the world," he said.

"This is a global crisis and it demands global solutions."

He said nations must "avoid temptations to take unilateral measures," and stressed that "new universal mechanisms are needed" that have to be worked out in concert.

"The crisis gives an opportunity for real changes," he said, adding: "We cannot, we must not and don't have the right to fail."

On Friday the Bric nations had called for reform of institutions like the IMF to give more influence to developing economies.

China and the Gulf states have trillions of dollars in reserves that could help the IMF help smaller countries withstand the present turmoil.

Courtesy: Currency UK | BBC News

Euro Poll

Euro poll question revealed
 

Mr Brown will examine euro case next year

The referendum question the UK may use if a vote is held on joining the euro has been published by the government.

The question, revealed in the government's draft euro referendum bill, is: "Should the United Kingdom adopt the euro as its currency?"

Gordon Brown announced the paving bill in his pre-Budget report speech to MPs.

Downing Street on Thursday played down suggestions that the bill meant Tony Blair wanted a referendum on the same day as a general election.

Vote coincidence?

The chancellor announced in June that the UK had yet to meet his five economic tests for joining the single currency.

The government says the new bill gives "maximum flexibility" over holding a referendum if the tests are passed.

Ian Davidson, chairman of Labour Against the Euro, said the bill included a clause specifically stating that a euro vote could be combined with an election.

 

The MP warned: "Plans to hold a euro referendum on the same day as a general election are another sign of desperation by the euro enthusiasts.

"In their zeal to bounce Britain into the euro, they are willing to place at risk Labour seats and votes.

"A Labour Party seeking re-election would be deeply divided in a referendum, while the Tories would be handed the bonus of a campaign in tune with the majority of British voters."

'Ruled out'

But Downing Street said the government's stance had not budged since Mr Blair was questioned about the idea in May.

He had told reporters: "I have never had the idea of holding a referendum on the same day as the general election."

A Number 10 spokesman said: "The position has not changed. It is pretty categorical in terms of ruling it out."

The timing of the draft bill's publication has prompted Conservatives to accuse ministers of trying use the diversion of the pre-Budget report on Wednesday to hide the "controversial" wording of the referendum.

Tory constitutional affairs spokesman Alan Duncan said: "The government are back to their old tricks of trying to 'bury bad news'.

"The proposed referendum question breaches Electoral Commission guidelines on fair wording. It makes no mention that the pound would be replaced if people vote 'yes'.

"A fair question would make clear the implications for our existing national currency.

"The government are using sleight of hand to hide a euro referendum fix."

'Guidelines followed'

Mr Brown has said he will reveal in his Budget next year whether he thinks there is a case for another assessment of possible UK-membership of the euro according to his five economic tests.

In his statement on the single currency to MPs in June, Mr Brown said four of the five tests had yet to be met - the one relating to financial services being the only one to get the chancellor's approval.

But he said progress on passing two of the tests - on economic flexibility and convergence with the eurozone - would lead to the remaining two tests being satisfied.

The Department for Constitutional Affairs said the question had been drafted using Electoral Commission guidelines.

The Commission - which has a statutory obligation to assess the question - will formally review it when the bill is introduced into Parliament.

That would only happen if the Treasury decided its convergence criteria had been met and the economic conditions were right for Britain to lose to the pound.

Cabinet and then Parliament would then have to approve the decision before it went out to the British people.

 

Courtesy: Currency Dollar / Pound | BBC News