Almanacs “U.S. futures climb after Bullard call for MBS buys - Investors Business Daily” plus 4 more |
- U.S. futures climb after Bullard call for MBS buys - Investors Business Daily
- The Almanac - Nov. 23 - Post Chronicle
- A scientist's view of change - High County News
- SHP boys make CCS Division II water polo history with title - The Almanac Online
- SHP girls win CCS polo title but M-A is upset again - The Almanac Online
U.S. futures climb after Bullard call for MBS buys - Investors Business Daily Posted: 23 Nov 2009 05:58 AM PST NEW YORK (MarketWatch) -- U.S. stock futures and a broad swathe of commodities moved higher on Monday, as comments from a Federal Reserve member who will vote next year caused investors to exit the greenback to reinvest elsewhere. "Just like that, the U.S. dollar has given back all of last week's modest gains and then some and gold is rising to another fresh record high in response," said Peter Boockvar, equity strategist, Miller Tabak & Co. S&P 500 futures rose 10.70 points to 1,100.8 and Nasdaq 100 futures climbed 15.5 points to 1,779.0. Futures on the Dow Jones Industrial Average rose 87 points to 10,390.00. U.S. stocks by and large lost ground last week, with the Nasdaq Composite retreating 1% and the S&P 500 losing 0.2%, on concerns over the prospects for the U.S. consumer. But markets were in a more optimistic mood Monday in the run-up to the key post-Thanksgiving shopping period. A 35-year study suggests that the best strategy of trading during the Thanksgiving week is to start the week long and exit into strength on Friday, said Eric Lantegine of Ticonderoga Securities, citing the Stock Traders Almanac of Hirsch & Hirsch. Meanwhile, Federal Reserve Bank of St. Louis President James Bullard said Sunday that the U.S. should continue buying mortgage-backed securities past the first quarter of 2010, when asset purchases are due to end. See Bullard story. That contrasts with what European Central Bank President Jean-Claude Trichet has been saying, as the euro-zone central bank on Friday announced its first step in making it tougher for commercial banks to get loans. "Bullard's comments are of interest since he is often considered, including by us, as having a hawkish slant," said Julian Callow, chief European economist at Barclays Capital. "He has clearly injected a new idea into the markets by suggesting that it might be pragmatic to pursue a 'pilot light' program of asset purchases beyond the full limit being reached." The euro climbed 0.8% to $1.4977. A weak dollar has helped most other asset classes, as traders borrow against the low-yielding greenback to reinvest elsewhere in what's known as the carry trade. Gold futures surged, rising $18.30 an ounce to $1,165.10 an ounce. Other commodities also were stronger, with oil futures adding $1.50 a barrel. See special report on gold. The moves come ahead of existing-home sales data for October, due at 10 a.m. Eastern, which may show a rise to 5.74 million from 5.57 million. There's also an auction of $44 billion worth of two-year notes. On the corporate front, IT products distributor Tech Data (TECD) reported a near tripling of its quarterly profit though sales dropped by 8%. Tech Data shares rallied5.1% in pre-market action. After the close of trade, Hewlett-Packard (HPQ) and Analog Devices (ADI) will release quarterly reports. Cadbury (CBY) rose to a record high in London as a flurry of weekend press reports suggested a bidding battle between Hershey (HSY), Kraft Foods (KFT) and Nestle (NSRGY). See Cadbury story. Ciena (CIEN) won the auction for some of Nortel assets, outlasting Nokia Siemens Networks, for $769 million. See Ciena story. Foreign markets were strong, with the Hang Seng up 1.4% in Hong Kong and the pan-European Dow Jones Stoxx 600 up 1.6% in early afternoon action. See Also
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The Almanac - Nov. 23 - Post Chronicle Posted: 23 Nov 2009 04:39 AM PST Today is Monday, Nov. 23, the 327th day of 2009 with 38 to follow. The moon is waxing. The morning stars are Venus, Mars, Saturn and Mercury. The evening stars are Neptune, Jupiter and Uranus. Those born on this date are under the sign of Sagittarius. They include Franklin Pierce, 14th president of the United States, in 1804; U.S. outlaw Billy "The Kid" Bonney in 1859; Mexican artist Jose Clemente Orozco in 1883; actor Boris Karloff in 1887; Romain de Tirtoff, the fashion designer and artist known as Erte, in 1892; comic actor Harpo (Adolph Arthur) Marx of the Marx Brothers in 1888; and actress Susan Anspach in 1939 (age 70). -0- On this date in history: In 1889, the first jukebox was placed in service in the Palais Royal Saloon in San Francisco. In 1890, the independent Grand Duchy of Luxembourg was separated from the Netherlands. In 1919, the first play-by-play football game radio broadcast in the United States took place during a game in which Texas A&M blanked the University of Texas 7-0. In 1936, Life magazine made its debut. In 1943, the U.S. Marines took control of the Gilbert Islands from Japanese forces following a fierce 76-hour battle. In 1945, World War II rationing ended in the United States on all foods except sugar. In 1954, China announced it had convicted 11 U.S. airmen and two civilians of espionage. In 1980, an earthquake in Naples, Italy, killed 4,800 people. In 1992, the United States lowered its flag over the last U.S. base in the Philippines, ending nearly a century of military presence in its former colony. Also in 1992, country music legend Roy Acuff, who rode the "Wabash Cannonball" to fame and fortune, died of congestive heart failure at age 89. In 1993, U.S. President Bill Clinton signed legislation repealing U.S. sanctions against South Africa. In 1996, a hijacker forced an Ethiopian jetliner to fly until it ran out of fuel. The aircraft crashed into the sea, killing 125 of the 175 people on board. In 1997, Britain's Prince Charles appointed former British Prime Minister John Major as the legal and financial protector of Princes William and Harry. Princess Diana, the boys' mother, died in a car accident almost three months earlier. In 2001, Israelis killed Palestinian leader Mahmoud Abu Hudnud, head of the extremist group Hamas, in a helicopter attack in Jerusalem. In 2002, the Bush administration eased anti-pollution regulations that required older coal-fired refineries to upgrade facilities with modern clean air equipment in an effort to spur expanded construction of power plants. In 2003, an early morning dormitory fire at a Moscow university killed at least 18 students and injured 80 others. In 2004, the U.S. Government Accountability Office agreed to investigate allegations of irregularities in the Nov. 2 presidential election. The House Judiciary Committee reportedly received 57,000 election complaints. Also in 2004, in the disputed Ukraine election, the day after opposition leader Viktor Yushchenko declared himself the winner election officials declared that the Kremlin-backed Prime Minister Viktor Yanukovych was the real winner. In 2005, John Bolton, U.S. ambassador to the United Nations, warned the United Nations that unless steps were taken to stay relevant and rid itself of corruption and incompetence, the United States is likely to begin bypassing the organization. In 2006, Alexander Litvinenko, the former Russian spy who defected to Britain, died in a London hospital, three weeks after his alleged poisoning. Friends and others blamed the Russian government and President Vladimir Putin. Also in 2006, the last of 23 coal miners killed in an underground gas explosion at Ruda Slaska, Poland, was removed by rescue workers. In 2007, more than 150 passengers and crew from the cruise ship Explorer escaped injury after their vessel hit an iceberg off Antarctica and sank a few hours later. Confident they would soon be rescued, as, in fact, they were, some passengers were reported floating in lifeboats in an icy sea telling Titanic jokes. In 2008, U.S. President-elect Barack Obama began nominating members of his Cabinet with attention first to economic matters, choosing Timothy Geithner to be treasury secretary. Obama also selected former Treasury Secretary Lawrence Summers as the head of the White House Economic Council. -0- A thought for the day: there's a proverb that says, "Before you trust a man, eat a peck of salt with him." (c) UPI This content has passed through fivefilters.org. | |
A scientist's view of change - High County News Posted: 23 Nov 2009 03:56 AM PST Of Rock and Rivers: Seeking a Sense of Place in the American West Ellen Wohl shudders when she sees houses built on gently sloping benches at the mouths of mountain clefts. She knows that such sites, with their incredible views, were created by past landslides, and hence are risky places to build. Wohl is a geomorphologist, a scientist who studies the physical forms of the planet and the processes that shape them. She can read the story behind the shape of the landscape. Her latest book, Of Rock and Rivers, is a valuable addition to the growing shelf of essays and memoirs written by scientists. Books like these -- more personal than the "hard science" found in professional publications -- are often the only channel through which scientists can make their work accessible to wider audiences. Few people have read Aldo Leopold's monographs on game management, but his land ethic, described in A Sand County Almanac, became part of the foundation of modern environmentalism. Mixing memoir and environmental history, much as Leopold did, Wohl leads us through her life and research. Raised in Ohio with a naive belief in the "pristine wilderness of the West," she adopted the West as her home. As a professor of geology at Colorado State University, she has worked throughout the arid Intermountain region. In a clearly written, sometimes lyrical style, Wohl describes how over 30 years, she has uncovered layer after layer of loss in the West. She relates the sorry history of streams dewatered and diverted, water contaminated and rivers degraded, from the damage caused by obvious physical changes to the chemical pollutants that invisibly poison wells. But she also learns "that knowledge alone is not enough." Politicians and the public repeatedly ignore scientific recommendations. Wohl warns that until we integrate what science has learned "into the everyday choices made by individuals and by society … we who live in the West will remain lost." And yet she continues to find hope in the resilience of rivers and landscapes. Despite evidence that might lead one to despair, Wohl believes that we can learn to live sustainably in the West. It is not only landscapes that change, Wohl writes. "We can change, if we choose." This content has passed through fivefilters.org. | |
SHP boys make CCS Division II water polo history with title - The Almanac Online Posted: 23 Nov 2009 03:35 AM PST By Keith Peters | Palo Alto Online Sports Sacred Heart Prep didn't win one invitational water polo title during the season. The SHP boys had two fifth-place finishes of note, but no significant hardware. The Gators, however, didn't care. "What doesn't kill you makes you stronger," said SHP senior David Culpan. "We used those losses to help us today. It worked out pretty well. This is what we worked so hard for." What the top-seeded Gators did accomplish during the regular season they achieved on Saturday in a 15-6 blasting of No. 2 Menlo School in the finals of the Central Coast Section Division II playoffs at Santa Clara University. Winning a third straight CCS title has been the goal all season for Sacred Heart Prep. The Gators made history by becoming the first Division II team to win three consecutive crowns. "This team wanted to make history," said SHP coach Brian Kreutzkamp, who has guided the Gators to three of their four section crowns. Not only did SHP make history, but it accomplished it with its best performance of the season. "That's the best we've played all season," Kreutzkamp said. Two earlier CCS matches allowed Kreutzkamp to rest his starters so they would be fresh against Menlo. "If anything, we were going to be fast today," Kreutzkamp said. "But I didn't think we'd be that fast." After a slow start that saw the Gators holding a 3-2 first-quarter lead, things began to click after that. "It all starts with Ben," Kreutzkamp said of his senior goalie, Ben Dearborn. "Once they (the Gators) saw Ben blocking balls, it allowed us to take more chances. He ran the offense and defense." Dearborn also had 15 saves, which ignited a blistering counter attack. The Gators went on an 11-1 run over the second and third quarters to grab a 14-3 lead and put the game out of Menlo's reach. Kreutzkamp figured eight of the 11 goals came on counters, where Dearborn acted as a quarterback and found his wide receivers at the other end of the pool for easy goals. Culpan had six of his seven goals during that time to hand Menlo one of its worst losses ever in postseason play. "When we get rolling, we're hard to stop," Kreutzkamp said. Kreutzkamp's game plan was to wear Menlo down in the first half and then attack in the final two periods. "It just came a little earlier," he said. "Those two (second and third) quarters were critical." Sacred Heart's other plan was to shut down Menlo junior scoring leader John Holland-McCowan. "All their offense is run through him," Kreutzkamp said. "Our plan was to double- and triple-team him and make others beat us . . . but, I wouldn't have expected this." Holland-McCowan was limited to a single goal with 3:33 left in the first quarter. That was it. Senior Chris Akin and sophomore Matt Hale both scored two goals for the Knights, but they needed much more. SHP junior Philip Bamberg scored four goals himself while senior Connor Still added two more.
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SHP girls win CCS polo title but M-A is upset again - The Almanac Online Posted: 23 Nov 2009 03:35 AM PST By Keith Peters | Palo Alto Online Sports A third straight victory and a second straight loss. That was the bottom line for two top-ranked teams at the Central Coast Section girls' water polo championships on Saturday at Santa Clara University. No. 1 Sacred Heart Prep defended its Division II crown and captured its third consecutive section title with a 6-2 win over No. 3 St. Ignatius. And No. 1 Menlo-Atherton suffered its second consecutive overtime loss to St. Francis in the CCS finals, dropping a 12-11 heartbreaking match to the No. 2 Lancers. Sacred Heart Prep (22-8) was expected to win and did, with a dominating defense and just enough offense. "This is the one we've been talking about since last August," said SHP coach Jon Burke. "We talked about how this team really hadn't accomplished anything because we had lost a lot of players and this team was pretty young and new." But, as Burke said, the players worked hard, bought into the program and it all paid off with a third straight title. "This is huge for our program," said Burke, who loses only two seniors (Heather Smith and Lisa Rennels). "They earned this. This is what we focus on in the fall, getting to this game." And then making the most of the opportunity, which SHP did. "The field blocking was very effective," said Burke, who gladly accepted the ritual post-match dunking. "We tried to clamp down on their scorers. With this team, defense has been the main attack all season long." The Gators missed some early opportunities before sophomore Erin Sheridan scored on a breakaway with 2:54 left in the opening period. With just 52 seconds left in the quarter, SHP took advantage of a 6-on-5 situation with junior Emily Parsons finding the net. St. Ignatius got back a goal when junior Liz Rosen scored the first of her two goals with 3:32 remaining, but SHP's Heather Smith erased that and provided the eventual winning goal on another 6-on-5 advantage less than 20 seconds later for a 3-1 match. Sacred Heart Prep scored four of its goals on power plays, with Smith scoring three of them. The Gators' defense did the rest, with junior goalie Catherine Donahoe stopping 10 shots, most of them right at her. "We played great team defense," Burke said. "Every single time they took a shot it looked like we were taking the lanes away." While SHP was heavily favored, SI brought in plenty of momentum after knocking off No. 2 Castilleja in the semifinals. The final matchup also was the fourth of the season between SHP and SI. "They came into this game with great momentum," Burke said. "They played us hard in the WCAL semifinals and, it's hard to beat a team four times. We tried to get that out of the players' heads. This was just another game." Well, sort of. Burke did get pushed into the pool and the SHP girls got to hoist another trophy and pose for postgame photos. For Smith and Rennels, they're probably used to it by now. Both were on the past two championship teams. Smith said this title is the most special. "We kept losing people to Division I schools and I was skeptical we could do it again this year," Smith said. "And, it's my senior year and my last game." Smith said she did think the Gators had a decent chance, but a lot of things had to happen. "We spent a lot of time working on defense," she said. And it paid off. "For sure," she said. "It's real exciting." For Burke, the title was special, as well. "It gets harder every year to win," he explained. "Whether you're a first-time or second-time champion, you have to defend."
Division I The Bears came into the finals riding a 25-game winning streak and ranked No. 1 in Northern California. M-A hadn't lost since September. The Lancers came in ranked No. 3 in NorCal, and having been beaten by M-A in the finals of the Amanda MacDonald Invitational earlier this year. Menlo-Atherton grabbed a 9-8 lead on a goal by senior Anna Geiduschek with 1:40 left in regulation. The Lancers, however, took advantage of a 6-on-5 situation and and got a game-tying goal from Katherine Elward with 1:25 left to play. St. Francis took a 10-9 lead in the first overtime on one of seven goals by Hathaway Moore. M-A senior Becca Dorst tied the game at 10 in the second extra period but Moore fired in another goal that appeared to ricochet off the head of M-A junior goalie Emily Dorst, who finished with 15 saves. With only 43 seconds left to play and trailing by 11-10, a shot by Dorst was stopped. With time running out, M-A coach Chris Rubin had backup goalie Darya Sheikhrezai jump into the pool to stop the clock. It also cost the Bears a five-meter penalty shot, which Moore made for a 12-10 lead with 16 seconds left. Dorst scored with five seconds to play, but the Bears couldn't find a way to score again and dropped their second straight overtime decision to the Lancers in the CCS finals. For the Bears, it was another tough season-ending defeat, made tougher by the fact eight players will be graduating -- including starters Becca Dorst, Vanessa Lane, Heather Bogott, Anna Geiduschek, and Sarah Winters. This content has passed through fivefilters.org. |
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