Obama Demands Syria Action, Diplomacy With Iran

Presidents Obama and Clinton Obama will speak a week before the opening of health care exchanges Some Republicans are trying to block funding for the plan Hillary Rodham Clinton will introduce the two presidents before the forum SHARE 111 CONNECT 34 TWEET 52 COMMENTEMAILMORE Facing a pivotal time for his signature health care law, President Obama will promote the program during a forum Tuesday hosted by predecessor Bill Clinton in New York City. Obama will speak at the Clinton Global Initiative exactly one week before the opening of new health insurance marketplaces; the administration needs most uninsured Americans to sign up for health insurance because it is essential to the overall financing of the plan. Some congressional Republicans, meanwhile, are trying to eliminate funding for “Obamacare,” threatening to block any new government spending plan unless that happens. The standoff could lead to a shutdown of the government after the fiscal year ends on Monday night. The Affordable Care Act “is a train wreck, and it’s going to raise costs,” said House Speaker John Boehner, R-Ohio. “It’s destroying American jobs, and it must go.” Obama’s appearance at the Clinton Global Initiative also comes two decades after President Clinton proposed his own national health care plan during a speech to Congress on Sept.
Source: http://www.usatoday.com/story/news/politics/2013/09/23/obama-clinton-health-care-plan-republicans/2857715/

Obama, Clinton to launch healthcare campaign push Tuesday

And we should say so clearly. Arab states, and those who have supported the Palestinians, must recognize that stability will only be served through a two-state solution and a secure Israel,” he said. Obama addressed the situation in Egypt, where the military ousted democratically-elected Islamist President Mohamed Morsi. Noting that the U.S. was criticized by all sides, he said Washington’s approach reflects a larger point about U.S.
Source: http://www.voanews.com/content/obama-to-discuss-iran-syria-in-general-assembly-address/1755779.html

Obama Says Iran Must Match Words With Verifiable Action

But first, Obama will go before the U.N. Tuesday morning for a speech focused on the Middle East, in what deputy national security adviser Ben Rhodes called an update of Americas approach, how we see our interests, how we prioritize our policies going forward. But as much credit as the White House can claim for Obamas recalibrating the situation with Assad, no one believes he meant to get rebuffed quite so definitively by Congress or give Vladimir Putin quite so dominant a role. And no one believes he meant to give Rouhani an opportunity to praise American restraint and facilitate more conversations by having to put the attack on hold. Aaron David Miller, a former top Middle East policy expert at the State Department, applauded Obama, crediting a combination of fortuna which is critically important to the success of any president combined with a certain degree of prudence on view publisher site his part, and ineptitude for creating a situation thats got a lot more cause for optimism now than anyone would have guessed at in early August. ( Also on POLITICO: Reporter denies writing article linking Syrian rebels to chemical attack ) I dont want to turn these guys into Metternichs, Bismarcks, Talleyrands, Miller said. This was more like a Marx Brothers movie. While Obamas openness to negotiations appears to have caught Rouhanis attention, there are worries in the foreign policy community that the takeaway in Tehran will be that hes not actually willing to use force, and is willing to pursue a process that most expect Assad and Putin will fill with delays, excuses and deceptions.
Source: http://www.politico.com/story/2013/09/barack-obama-iran-syria-solution-97245.html

That history will set the stage for Tuesday’s event. “The format of their conversation is designed to foster an enthusiastic and candid discussion between our current president and the last president to make tackling healthcare a priority, who share a deep passion for improving the quality and cost of care for American families and businesses,” a White House official said. Hillary Clinton, who is a potential presidential candidate in 2016 and served as secretary of state during Obama’s first term, will introduce the two men. Obama dubbed the former president his “secretary of explaining stuff” during the 2012 campaign. Clinton’s aggressive outreach on behalf of Obama is credited with helping him vanquish Republican candidate Mitt Romney and win re-election.
Source: http://www.reuters.com/article/2013/09/24/us-obama-healthcare-idUSBRE98N00020130924?feedType=RSS

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Gps Forex Robot 2 A Scam? Should I Try It. Read This First

The US Treasury sold $24 million in 10 year notes in August in line with market rates amid tapering expectations. The high yield reached 2.62%, but the bid-to-cover ratio fell to 2.54. In Great Britain, Claimant Count Change The number of Britons claiming unemployment benefits continued to fall in August, down by 29,200, far better than the 14,300 drop projected by analysts. This time, another decline resource of 21,200 is expected. More in Great Britain, Average Earnings Index Also in the UK, Unemployment Rate remained 7.8% in August, in line with market predictions. The rate is expected to remain unchanged.
Source: http://www.fxstreet.com/analysis/forex-daily-outlook/2013/09/11/

Forex Card: Best Choice for Foreign Trips

This is a risk management technique that has stood the test of time not only in forex markets, but in other financial markets as well. Another key feature of the robot is that the trading results must be verifiable. This robot has had its results published on Myfxbook.com, which is an independent forex service provider that millions of traders use to track their own trading results. Many traders are familiar with Myfxbook.com and the way users must provide Myfxbook.com with permission before their accounts can verified on the site. Users must provide their account number as part of the verification process.
Source: http://www.sbwire.com/press-releases/gps-forex-robot-2-a-scam-should-i-try-it-read-this-first-326024.htm

Japan will have two long weekends in a row while China and Korea will also have holidays next week. The euro’s rally against the yen has also cooled off. It slipped to 132.47 yen from a 16-week high around 133.37. The Australian dollar fell 0.6 percent to $0.9267, after data showed a surprise drop in Australia’s payrolls and a rise in the jobless rate to a four-year high. “The dismal reading signifies a further deterioration in the local labour market and signals the need for the RBA to remain accommodative for the near-term,” said David de Ferranti, market analyst at FXCM. The New Zealand dollar had a better luck, however, after the Reserve Bank of New Zealand said interest rates will probably need to rise next year.
Source: http://www.reuters.com/article/2013/09/12/markets-forex-idUSL3N0H80PH20130912

FOREX-Dollar under duress as markets temper Fed taper view

“Markets are positioned for the Fed to taper… any attempt to reduce stimulus from the current $85-billion-per-month will probably be done modestly,” said Niels Christensen, FX strategist at Nordea. A Reuters poll on Monday showed economists expect the Fed to announce a moderate reduction to its $85 billion monthly asset-buying programme by some $10 billion. The euro was down 0.1 percent at $1.3257 but still well above the seven-week low of $1.31045 hit last Friday.
Source: http://uk.reuters.com/article/2013/09/11/markets-forex-idUKL5N0H71YH20130911

FOREX-Yen struggles vs euro, dollar as Syria tensions subside

President Barack Obama pledged on Tuesday to explore a diplomatic plan from Russia to take away Syria’s chemical weapons, although he voiced skepticism about it and urged Americans to support his threat to use military force if needed. A string of solid data out of China this week reinforced expectations that the world’s No. 2 economy is stabilizing after slowing for more than two years. The euro was down 0.1 percent at 133.07 yen, having hit a an intra-day peak of 133.36 yen, its highest since May 22. Sterling rose 0.2 percent to 158.20 yen. Better-than-expected economic data and improving market sentiment has helped the single currency lately, but analysts at Morgan Stanley warned the euro’s strength could be short-lived and they remain sellers on any rallies.
Source: http://in.reuters.com/article/2013/09/11/markets-forex-idINL2N0H71F620130911

FOREX-Dollar trades near two-week low on Fed outlook

Mumbai: Forex card is like a prepaid card. Forex card can be used abroad to pay bills in restaurants, tourist places and shopping malls instead of cash. It is also possible to draw foreign currency with this card. HDFC, State Bank of India, ICICI Bank, Standard Chartered bank and Axis bank are issuing Forex cards. Few banks are also offering single card for several currencies. ING Vysya bank is offering multiple Forex card for four currencies. Axis bank also introduced co-branded travel card for students. Form A2 has to be used for applying to Forex card. It is also required to submit the passport copy along with the application. The maximum amount for which the card is needed has to be informed to the bank. The money paid to the bank will be saved in the card and the card can be used immediately. Card holder on tour to foreign countries can deposit a maximum of $10,000 dollars and those who are travelling abroad for business purposes can deposit up to $25,000 in the card Many may feel that it is not necessary to take Forex card as they are having debit and credit cards. But there is a difference between them. Service charges up to three percent are collected every time debit or credit cards are used. If the cards are used in foreign countries without informing the bank, the cards may get blocked. Whenever debit or credit cards are used abroad, banks collect 2.5 to 4 percent conversion charges.
Source: http://www.aegindia.org/2013/09/forex-card-best-choice-for-foreign-trips/2132041.html

Stocks Climb On China As Bonds Fall; Oil Declines

Cabot is an oil and gas exploration and production company focused on North America. The company reported second quarter revenue of $449.7 million, an increase from $265.7 million the previous year. Quarterly net income increased 148% to $89.1 million, primarily due to increased efficiency in its Marcellus Shale drilling program. Cabot Oil & Gas Corporation has a market cap of $16.39 billion; its shares were traded at around $38.89 with a P/E ratio of 78.40 and P/S ratio of 11.10.
Source: http://www.forbes.com/sites/gurufocus/2013/09/10/stocks-with-greatest-net-guru-buys-orcl-cog-syk-lnc-slb/

For Freeport McMoran Copper and Gold ( FCX ), go 50% long at $31.54 and 50% long at $30.44, with a stop at $29.73 (risk of approx. 4.1%). For Air Products and Chemicals Inc. ( APD ), go 50% long at $104.08 and 50% long at $102.44, with a stop at $97.43 (risk of approx. 5.6%).
Source: http://www.forbes.com/sites/tomaspray/2013/09/10/materials-breakout-watch-these-stocks/

Russia sold its first sovereign bonds in euros, along with dollar debt, raising 725 million euros ($962 million) from seven-year securities and $6 billion in bonds due in 2019, 2023 and 2043. South Africa sold $2 billion of 12-year bonds in overseas debt markets after boosting the size of the offering. The yen slid 0.8 percent to 100.39 per dollar and 0.9 percent versus the euro, while the U.S. currency was down 0.1 percent at $1.3270 per euro.
Source: http://www.bloomberg.com/news/2013-09-09/asian-futures-climb-before-china-output-data-as-oil-slips.html

Tech stocks: HP sliding, Activision on the rise

“And financials are big contributors in terms of dividends for the Euro STOXX 50 index,” he added. SocGen expects financial stocks to contribute 30 percent of all Euro STOXX 50 dividends in 2015, up from 27 percent now. Buying stocks for their dividends has been an increasingly popular theme in the past year-and-a-half as investors look for bond-like investments in equities, and this trend is likely to continue even as bond yields in some developed markets rise. European equity income funds have 134 billion euros ($178 billion) in assets and have grown faster than the rest of the industry since the start of 2012, Lipper data showed. INSURERS VS BANKS While insurers and banks both offer a dividend yield – which compares the size of the payout to the share price – of around 4 percent, Thomson Reuters Datastream showed, some equity good stock buys fund managers who focus on dividend said they considered insurers the better bet for the moment. They said insurers were further ahead in the process of fixing their balance sheets and had a better record of sustaining high dividend payouts, while banks face further reviews on their capital position and political pressure to hold off from paying a dividend.
Source: http://www.reuters.com/article/2013/09/10/markets-europe-stocks-insurers-idUSL6N0H13CK20130910

Financial stocks to lead European dividend rebound

(Photo: Paul Sakuma, AP) SHARECONNECT 9 TWEET COMMENTEMAILMORE It should be a busy day in the tech industry, headlined by Apple’s expected unveiling of the next iPhone . Let’s take a look at the tech stocks to watch for Tuesday. HP shares slip. HP joins Alcoa and Bank of America in the Dow shakeup. In a statement, The S&P Dow Jones Indices cited “the low stock price of the three companies slated for removal” and an interest in diversification.
Source: http://www.usatoday.com/story/tech/2013/09/10/tech-stocks-hp-activision/2791809/

Obama To Grant Six Interviews On Eve Of Syria Speech

United Nations Ambassador Samantha Power argued the administrations case for military action before the generally liberal Center for American Progress in Washington Friday the kind of audience that now finds itself allied with the conservative tea party movement on Syria. On Saturday, Secretary of State John Kerry flew to Lithuania, where he met with European foreign ministers, who agreed with the US that the Aug. 21 alleged chemical attack said to have killed more than 1,400 people appears to have been the work of the Syrian regime. Want your top political issues explained? Get customized DC Decoder updates. Sec.
Source: http://www.csmonitor.com/USA/DC-Decoder/2013/0907/Protesters-outside-the-White-House-Obama-team-makes-case-for-attacking-Syria

But this narrative, of a commander in chief dependent on using the bully pulpit to save his presidency from a potentially crippling defeat, is only one way to think about the coming showdown in Congress. In fact, it might mischaracterize the way presidential power is exercised while overlooking other factors that ultimately will determine whether Obama succeeds in winning lawmakers support. That, at least, is the implication of a paper written by George C. Edwards III, a political science professor at Texas A&M University. The paper, Persuasion Is Not Power, was presented at the American Political Science Association meeting last weekend in Chicago.
Source: http://www.washingtonpost.com/politics/obamas-push-for-a-syria-strike-depends-on-many-factors-other-than-presidential-eloquence/2013/09/07/7869b884-17cb-11e3-961c-f22d3aaf19ab_story.html

Obamas speech is slated for Tuesday evening. Secretary of State John Kerry is also pushing the case, speaking in France on Saturday. A State Department official said Kerry also placed calls Saturday to top officials in the Arab League, Egypt, Mexico, Russia and Saudi Arabia, as well as the leader of the Syrian opposition forces, Ahmad Jarba. Aaron Blake covers national politics at the Washington Post, where he writes regularly for the papers Post Politics and The Fix blogs. A Minnesota native and graduate of the University of Minnesota, Aaron has also written for the Minneapolis Star-Tribune and The Hill newspaper. He joined the Post in 2010.
Source: http://www.washingtonpost.com/blogs/post-politics/wp/2013/09/07/obama-to-grant-six-interviews-on-eve-of-syria-speech/

Obama’s heartland overwhelmingly against Syria policy

Credit: Reuters/Grigory Dukor By Steve Holland and Anthony Boadle ST. PETERSBURG, Russia/BRASILIA | Fri Sep 6, 2013 11:13pm IST ST. PETERSBURG, Russia/BRASILIA (Reuters) – President Barack Obama promised on Friday to look into a report the United States spied on the leaders of Brazil and Mexico, allegations that have caused tensions in Washington’s ties to its two biggest Latin American partners. Obama met with presidents Dilma Rousseff of Brazil and Enrique Pena Nieto of Mexico during an international summit in Russia and discussed reports that the U.S. National Security Agency snooped on their personal communications and phone calls.
Source: http://in.reuters.com/article/2013/09/06/usa-security-snowden-brazil-idINDEE9840FY20130906

Petraeus backs Obama administration on Syria

Why get involved in another civil war we can’t shape or control? Why does America need to be the world’s policeman once more? Who are the good guys in this conflict? Congressman Elijah Cummings hunted for voters who supported President Obama’s Syria policy but found very few. Credit: Reuters Cummings is a key vote for the President when the House of Representatives votes on the Congressional resolution next week.
Source: http://www.itv.com/news/2013-09-06/obamas-heartland-overwhelmingly-against-syria-policy/

Obama: U.S. will probe reported NSA spying on Brazil, Mexico

Petraeus also said that the planned aerial assault “is necessary” to both enforce the international laws forbidding the use of chemical weapons and to “degrade the [Assad] regime’s overall military capabilities.” Petraeus statement was endorsed by Sen. John McCain (R-Arizona), who described the retired general as the most respected military leader of our time. The administration says the Syrian government was behind a chemical weapons attack on August 21. Though some in the military community have questioned just how effective Tomahawk missiles would be in impacting al-Assad’s military assets, Petraeus’s stamp of approval could give Republicans and Democrats in more conservative districts the necessary political cover to vote for a controversial resolution. Petraeus’ statement comes amid a renewed push by the White House to sell members of Congress on the administration’s plan. In addition to his scheduled address to the nation Tuesday evening, student loans Obama the President scheduled six interviews with major television outlets for Monday, including CNN’s Wolf Blitzer.
Source: http://politicalticker.blogs.cnn.com/2013/09/07/petraeus-backs-obama-administration-on-syria/