Re: OT: You're right, NOYB


*JimH* wrote:
> <atl_man2@xxxxxxxxx> wrote in message
> news:1133898057.355240.17420@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> >
> > *JimH* wrote:
> >> <atl_man2@xxxxxxxxx> wrote in message
> >> news:1133892918.315639.152960@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> >> >
> >> > Doug Kanter wrote:
> >> >> Some of the numbers actually do seem to be improving.
> >> >>
> >> >> December 6, 2005
> >> >> Productivity Rise Is Fastest in Two Years
> >> >> By VIKAS BAJAJ
> >> >>
> >> >> Productivity rose at its fastest pace in two years in the third
> >> >> quarter,
> >> >> far
> >> >> more quickly than earlier predicted, as output rose and labor costs
> >> >> fell,
> >> >> the government reported today.
> >> >>
> >> >> The report eased some economists' fears of rising inflation.
> >> >>
> >> >> As a measure of how much the economy produced per hour of work,
> >> >> business
> >> >> productivity rose 4.7 percent outside the farming sector from July to
> >> >> September, compared with an earlier reading of 4.1 percent, the Labor
> >> >> Department reported. Real hourly compensation, which adjusts wages and
> >> >> other
> >> >> benefits for inflation, fell 1.4 percent, unchanged from previous
> >> >> estimates.
> >> >>
> >> >> Also today, the Commerce Department said factor orders bounced back in
> >> >> October, rising 2.2 percent, from a decline of 1.7 percent the month
> >> >> before.
> >> >> And the National Association of Realtors said an index that measures
> >> >> pending
> >> >> home sales for existing homes fell 3.2 percent after a decrease of 1
> >> >> percent
> >> >> in September, providing more evidence of a housing slowdown.
> >> >>
> >> >> The Labor Department's report indicates that the productivity boom of
> >> >> the
> >> >> last several years may have more steam left in it than Alan Greenspan,
> >> >> the
> >> >> Federal Reserve chairman, and other economists believed. Typically,
> >> >> productivity tends to slow in the latter parts of an economic
> >> >> expansion
> >> >> because businesses have wrung out most of the efficiencies from their
> >> >> operations and have to compete more aggressively for a thinning supply
> >> >> of
> >> >> employees.
> >> >>
> >> >> For workers, however, the report shows that the rise in energy costs
> >> >> wiped
> >> >> away any advantage they received in the form of higher wages, at least
> >> >> for a
> >> >> time. Before adjusting for inflation, hourly compensation rose 3.7
> >> >> percent.
> >> >>
> >> >> Unit labor costs, which gauge how much compensation it takes to
> >> >> produce
> >> >> one
> >> >> unit of output, fell 1 percent in the quarter, twice as much as
> >> >> previously
> >> >> expected.
> >> >>
> >> >> From 2000 to 2004, productivity gains averaged 3.28 percent a year,
> >> >> far
> >> >> higher than the average of 2.14 percent for the last 45 years. Those
> >> >> gains
> >> >> are one of the mains reasons cited by Mr. Greenspan and other policy
> >> >> makers
> >> >> for the ability of the United States economy to achieve long periods
> >> >> of
> >> >> growth in recent years without causing significant inflation.
> >> >>
> >> >> Compared with the third quarter of 2004, productivity in the most
> >> >> recent
> >> >> quarter grew at a rate of 3.1 percent, real hourly compensation rose
> >> >> 1.2
> >> >> percent and unit labor costs were up 1.8 percent, much closer to the
> >> >> recent
> >> >> trend.
> >> >>
> >> >> Some economists noted that the report allays concerns about broader
> >> >> inflation outside of the recent spike in energy prices, which in the
> >> >> case
> >> >> of
> >> >> gasoline prices have already fallen back down.
> >> >>
> >> >> "What this tells us is in terms of the fundamentals the road looks
> >> >> fine,"
> >> >> said Brian Bethune, an economist at Global Insight, a research firm.
> >> >> "It
> >> >> doesn't look like there are a lot of hazards on the way."
> >> >>
> >> >> Investors appeared to agree with that assessment; the Standard &
> >> >> Poor's
> >> >> 500-stock index was up 9.60 points, to 1,271.68, around midday.
> >> >>
> >> >> Mr. Bethune said a tamer inflation outlook should prompt the Federal
> >> >> Reserve
> >> >> to stop raising short-term interest rates soon after Ben S. Bernanke
> >> >> takes
> >> >> over from Mr. Greenspan as chairman in February. The benchmark federal
> >> >> funds
> >> >> rate on overnight bank loans sits at 4 percent today, and analysts
> >> >> expect
> >> >> it
> >> >> will reach 4.75 before the Fed stops.
> >> >
> >> > Stock markets falling, gas will go up due to higher crude prices........
> >> >
> >>
> >> Huh????
> >>
> >> The stock market is falling?
> >>
> >> As of 1:25 est Dow up some 74 points, NASDAQ up 17, S&P up 9.
> >>
> >> http://www.forbes.com/economy/
> >>
> >> Gas going up due to higher crude prices?
> >>
> >> http://www.forbes.com/home/feeds/ap/2005/12/06/ap2371889.html
> >>
> >> Where do you come up with these notions of yours? Do you read the news
> >> Kevin?
> >
> > I"m not Kevin. Now, Jim are you going to explain why it's okay for you
> > to post untrue and derogatory statements and questions about others,
> > but when they do it to you, it's so terrible that you threaten to
> > sue???
> >
> > As for crude prices:
> > http://abcnews.go.com/Business/wireStory?id=1374728
> >
> > which states:
> >
> > NEW YORK Dec 5, 2005 - Crude-oil prices spiked to settle near $60 a
> > barrel Monday amid reports that a snowstorm would hit the U.S.
> > Northeast, the world's largest heating fuel market, and boost demand
> > for crude oil and natural gas.
> >
> > What do you not understand about that?
> >
> > As for stocks, look what your beloved Fox News has to say:
> > http://www.foxnews.com/story/0,2933,177559,00.html
> >
> > Which says in part:
> >
> > NEW YORK - Solid employment data failed to extend Wall Street's rally
> > Friday as renewed interest rate concerns spurred profit-taking and left
> > stocks mixed. The major indexes also ended the week mixed.
> >
> > The Dow Jones industrial average lost 35.06, or 0.32 percent, to
> > 10,877.51. Broader stock indicators were higher. The Standard & Poor's
> > 500 index added 0.41, or 0.03 percent, to 1,265.08, and the Nasdaq
> > composite index rose 6.20, or 0.27 percent, to 2,273.37, a fresh
> > four-year high.
> >
> > Wall Street had a mild reaction to the Labor Department's announcement
> > that U.S. employers added 215,000 jobs in November, the biggest gain
> > since July. That bested economists' forecast for a 210,000 increase,
> > and October's growth of 44,000.
> >
> > While the job growth bolstered a brightening economic landscape, some
> > analysts are beginning to fear that the Federal Reserve may push
> > interest rates higher now that the economy appears to be unfazed by
> > hurricanes Katrina and Rita. Upbeat personal spending data sparked a
> > rally Thursday and sent the Dow Jones industrials climbing 106 points.
> >
> > Meanwhile, an approaching winter storm lifted crude futures a second
> > day amid expectations for the cold weather to drive heating oil demand
> > in the Northeast. A barrel of light crude rose 85 cents to settle at
> > $59.32 on the New York Mercantile Exchange.
> >
> > Now what don't you understand?
> >
>
> Why you post 1 to 4 day old news.
>
> In general the stock market is up significantly and oil prices have dropped
> significantly.
>
> Can you understand that Kevin?

I'm not Kevin, but you are stupid:
Posted on Tue, Dec. 06, 2005



M O R E N E W S F R O M
· Biotech
· Verizon Communications
· Johnson Johnson
· Telecom
· Medicine
· Financial Markets
· Boston Scientific
· IT Services
· Medical Equipment
· Guidant
· Healthcare Industry




Stocks lower on oil prices, slower growth

A snowstorm threat pushed energy futures up, adding to fears of higher
interest rates.

By Christopher Wang

Associated Press


NEW YORK - Higher oil prices and news of slowing growth in the service
sector pulled stocks lower yesterday despite optimism over a $25
billion bid for Guidant Corp.

Crude-oil futures temporarily climbed past $60 per barrel, reinforcing
concerns that the Federal Reserve might continue to lift interest rates
to stem inflation.

A five-week market rally ended last week after government reports
painted a rosier picture of the economy than many analysts had
expected. That economic strength could justify more interest-rate
increases and halt Wall Street's year-end advance, said Bill Groenveld,
head trader at vFinance Investments Inc.

The Dow Jones industrial average lost 42.50, or 0.39 percent, to
10,835.01. The Standard & Poor's 500 index fell 2.99, or 0.24 percent,
to 1,262.09, and the Nasdaq composite index dropped 15.73, or 0.69
percent, to 2,257.64.

Forecasts for the Northeast's first big snowstorm triggered a run-up in
crude-oil prices. Light crude rose 59 cents a barrel to settle at
$59.91 on the New York Mercantile Exchange.

With little economic data expected this week, Wall Street may face
several days of profit-taking following a monthlong rally that boosted
the Dow about 7 percent from its October lows, said Michael Sheldon,
chief market strategist at Spencer Clarke L.L.C.

Sheldon said the market's advance could be derailed entirely by
escalating oil prices, higher yields on long-term bonds, and
indications that corporate earnings would fall short of expectations.
"But until we see several days of significant selling and increased
volume, we have to give the benefit of the doubt to the bulls," Sheldon
said.

The Institute for Supply Management said yesterday that its
nonmanufacturing index pulled back to 58.5 in November from an October
reading of 60. Economists thought service-sector activity would slide
to 59, but any level above 50 still implies growth.

Acquisitions led the day's headlines. Boston Scientific Corp. launched
a competing bid for rival Guidant of $25 billion, about $3.5 billion
more than Johnson & Johnson would pay for Guidant in a recently
reworked deal. The combined firm would be the world's biggest maker of
implantable heart devices. Guidant climbed $6.16, or 10 percent, to
$67.98, while Johnson & Johnson lost 16 cents, or 0.3 percent, to
$61.05, and Boston Scientific fell 98 cents, or 3.6 percent, to $26.35.

Verizon Communications Inc. said late Sunday that it might sell or spin
off its domestic phone and Internet directories business to focus on
broadband and wireless operations. Verizon dropped 16 cents, or 0.5
percent, to $31.71.

Department-store operator Sears Holdings Corp. has offered $718.5
million to buy up the remaining 46 percent of Sears Canada Inc. it did
not already own. The cash-for-stock deal is an 8.7 percent premium and
would give Sears control of about 435 Canadian facilities. Sears was
down $2.79, or 2.3 percent, at $116.71.

Liberty Media Corp. has agreed to acquire Provide Commerce Inc., an
online retailer of food and flowers, for $477 million, or $33.75 a
share. Provide gained $3.53, or 11.7 percent, to $33.76, and Liberty
fell 3 cents, or 0.4 percent, to $7.77.

Intel Corp. sank 53 cents, or 1.9 percent, to $26.90 after revealing
plans to spend more than $1 billion over five years to expand
operations in India and invest in local technology companies.

Declining issues outpaced advancers by a ratio of about 5-3 on the New
York Stock Exchange, where preliminary consolidated volume of 2.36
billion shares topped 2.18 billion Friday.

The Russell 2000 index of smaller companies fell 4.00, or 0.58 percent,
to finish at 686.57.

Japan's Nikkei stock average gained 0.84 percent. Britain's FTSE 100
lost 0.32 percent, Germany's DAX index fell 0.77 percent, and France's
CAC-40 was down 0.26 percent

.

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