NEWS PAPER OR MEDIA ARTICLES, ANYTHING INTERESTING

[early birds]

In Reply To: veeone's post @ May 23 2013, 09:09 AM

we've seen many of our manufacturer suffering since AUD/USD hit through the parity till these days.
and RBA try to be a gentleman walk along side of those big mobs---FED, JGB. ECB, PBOC eg.....
so we've been robbed time after time. i can't understand why RBA didn't follow what Swiss bank did a while ago??
this FORD news will hit home hard i guess!!

but that will knock the AUD down much futher!! just little too late!!

[early birds]

In Reply To: veeone's post @ May 23 2013, 09:09 AM

we've seen many of our manufacturer suffering since AUD/USD hit through the parity till these days.
and RBA try to be a gentleman walk along side of those big mobs---FED, JGB. ECB, PBOC eg.....
so we've been robbed time after time. i can't understand why RBA didn't follow what Swiss bank did a while ago??
this FORD news will hit home hard i guess!!

but that will knock the AUD down much futher!! just little too late!!

[veeone]

FORD is this morning expected to announce the closure of its Broadmeadows production line and possibly its Geelong engine plant.

An announcement is due at 9:15 am, and a press conference at 10:45 am.

Ford Australia brand communications manager Neil McDonald said he could not comment.

"I'm not in a position to comment on that. We have a 10:45 am briefing in Melbourne."
http://www.frasercoastchronicle.com.au/new...geelon/1879230/

[veeone]

Nothing official yet but rumours that FORD Australia is closing up its production here in Oz!!
Lot of jobs that will be and ongoing ructions for suppliers etc if true!! V1

[wolverine]

In Reply To: moosey's post @ May 13 2013, 05:05 PM

Implications for NBN one would think.

[moosey]

http://www.heraldsun.com.au/business/break...o-1226641319565

Samsung announces 5G data breakthrough

• From: AAP
• May 13, 2013 3:25PM

SAMSUNG Electronics says it has successfully tested super-fast fifth-generation (5G) wireless technology that will eventually allow users to download an entire movie in one second.The South Korean giant says the test has witnessed data transmission of more than one gigabyte per second over a distance of two kilometres.

The new technology, which will not be ready for the commercial market before 2020 at the earliest, will offer transmitting speeds "up to several hundred times faster" than existing 4G networks, it said in a statement on Monday.

That will permit users to "transmit massive data files including high quality digital movies practically without limitation", it said.

"As a result, subscribers will be able to enjoy a wide range of services such as 3D movies and games, real-time streaming of ultra high-definition (UHD) content, and remote medical services," it added.

Samsung said it had found a way to harness millimetre-wave bands which have proved to be a sticking point for the mobile industry to date.

The test used 64 antenna elements, which the tech titan said overcame the issue of "unfavourable propagation characteristics" that have prevented data travelling across long distances using the bands.

One of the most wired countries on earth, South Korea already has around 20 million 4G users.

[myshares]

For a bit of fun...

check out your lost money

http://www.treasury.wa.gov.au/cms/content.aspx?id=563

[veeone]

Tesla Shorts Run for Cover as Stock Doubles: Mover
Motors Inc. (TSLA) the maker of electric cars run by billionaire Elon Musk, rose 11 percent after an analyst said that investors who'd expected the stock to decline had to buy it. Tesla gained $7.36 to a record $76.76 at the close in New York. Its market capitalization totaled about $8.9 billion, ranking it between the $7.9 billion value of Turin, Italy-based Fiat SpA (F), the majority owner of Chrysler Group LLC, and Japan's Mazda Motor Corp. (7261), at $10.5 billion.
Covering of short positions is "a big part of" Tesla's gain, Elaine Kwei, said a New York-based analyst at Jefferies Group who rates the shares a buy, in a phone interview yesterday. "This has been such a polarizing stock. There's still much skepticism and doubt around electric vehicles, and a lot of people didn't expect the company to get this far."
Currently, investors have a short interest in 41 percent of Palo Alto, California-based Tesla's float, or shares available to the public, according to data compiled by Bloomberg. The shares had the sixth-highest short interest among Nasdaq-listed stocks as of the April 30 settlement date. Short sellers profit from price declines by selling borrowed securities and replacing them with stock bought at lower levels.
The surge in shares of the automaker named for inventor Nikola Tesla came after the company this week reported its first quarterly profit, which also beat estimates. Consumer Reports magazine yesterday also said Tesla's Model S sedan, with a $69,900 base price, scored 99 out of 100 points in its evaluation, ranking among the best cars it has tested.

Naked Shorts?

Tesla has more than doubled this year compared with a 15 percent increase in the Russell 1000 Index. Bearish investors have pared back bets against the electric-car maker as the stock rallied.
About 20 percent of the company's shares outstanding were borrowed and sold short on May 8, down from 23 percent three weeks ago, according to data compiled by Bloomberg and Markit, a London-based research firm. That compares with an average 3.1 percent for the Russell 1000 Index.
Shares on loan in Tesla reached a record 25 percent in September last year.
Musk said in an interview last week there are rumors some investors had a naked short position in Tesla. In a naked short sale, the seller doesn't borrow shares at the beginning of the process and can get caught needing to buy at ever-higher prices.
"You're not supposed to do that on the Nasdaq," Musk said on May 2 in Hawthorne, California. "If there's a naked short, oh my god, things could really go ballistic."
The gains in Tesla shares this week, along with SolarCity Corp. (SCTY), a solar power company also led by Musk, have raised his fortune to $4.5 billion, according to the Bloomberg Billionaires Index. SolarCity has the highest short interest among Nasdaq-listed stocks as of the April 30 settlement date.
http://www.bloomberg.com/news/2013-05-10/tesla-motors-short-covering-sustains-gains-mover.html

[triage]

Here's a couple of interesting tidbits coming out of the research labs.

First up, the American president who declared that we have nothing to fear but fear itself was spot on with regards the economy - behavioural economics has become a field in itself - and not too far wrong when it comes to some forms of illness.

http://www.sciencedaily.com/releases/2013/...30506095305.htm

When I read this article I immediately thought of those people who are blaming wind turbines for various malaises they are suffering, egged on by one or two activist gp's and by the enviro-luddite lobby. I remember reading of some research that shows that those people who live near wind turbines who financially benefit from them report far less illness that they attribute to the wind turbines than those who live near wind turbines and do not financially benefit. And of course there is the oddity that wind turbines have been a fixture in closely settled European communities for decades but there is no evidence of any clusters of illness to be found around those wind turbines. Drew Hutton and his ferals and arch-conservative coalition are also playing this game imo with regards the coal seam gas industry: if they keep screeching about how csg and fracking will cause sickness then sooner or later some individuals will begin seeing such effects.

Second up, this story is coming from the exact opposite angle: lower back pain is apparently one of the most common of disabilities around and due to its vagueness it is easily feigned and misdiagnosed. How often are sufferers accused of making it up or it being all in the mind. Well it seems that for a fair percentage of sufferers it may well be caused by a bacterial infection that can be relatively easily remedied with a course of antibiotics. So just as stomach ulcers often are as a result of bugs rather than stress so too in many cases lower back pain. If it is proven up it will likely be a major revolution in health care.

http://www.telegraph.co.uk/health/healthne...n-patients.html

It seems to me that two of the great advancements happening in medical science is the end of "average health care" (not sure of the exact term that is being used here) - where doctors treat patients on an individual basis rather than relying only on probabilities - and the acknowledgement that the human body is not a discrete entity but is more an ecosystem where the microflora are an integral component.

[veeone]

Real-estate Empire in Space
A long but interesting read!! V1

http://www.businessweek.com/articles/2013-...ire-in-space#p1