Stock Computer

How to Save Your Retirement

2008-11-11T07:29:00.000-08:00

With the risk to your destination No. 1 grows, you can ask what they do now. Walter Updegrave, retirement expert, takes your questions.

Without doubt, recent months have space as the most tumultuous - and scariest - times that I've seen in more than 20 years I am at Money magazine. We have seen that the events up to now there have been almost unthinkable: the stock market fluctuating wildly and governments around the globe, the extraordinary measures to unlock the frozen credit markets. And it is still unclear if the economy and the markets will hit bottom.

Given the unprecedented degree of anxiety and uncertainty, it is no wonder that the readers of my Long View column in Money and my Ask the Expert column on CNNMoney.com have flooded me with retirement planning issues. These five general cover your biggest worry.

I should be less money in my 401 (k)?

Question: I am a contribution of 15% of my salary to my 401 (k). With the crisis, which is a tribute to the stock market, it would be a good idea to reduce my contribution to 10% and the additional 5% somewhere else? - Verona, Savannah, Ga.

A. I can understand why you tried to scale back. But reducing your 401 (k) contributions now would be a mistake.

To start with, you will have the task of lucrative tax benefits. You do not pay income tax on your 401 (k) contributions, or on your investment gains until you withdrawals. Plus, if your company fits what you save, you'll be away for free money. With a match from 50 ¢ to the dollar, you will have the task of an immediate 50% return on your contribution. This is a great time to everyone, but especially today. (For more information about how 401 (k) s work, you will find in the Ultimate Guide to Retirement)

And honest. Ask yourself whether you end up saving the 5% you planning to divert. Without the comfort of a 401 (k) 's salary deductions, good intentions can save too often succumb to the temptation to spend. By waiving tax exemption, the game and the automatic savings, you will almost certainly end with a smaller nest egg when you retire.

This is an important point. The debt ratio, that the government takes to deal with the current crisis will strain the federal budget in the coming years, raising the possibility of reductions in programs like Social Security and Medicare. Your retirement security depends more than ever on how successful you are in managing your 401 (k). This is not the time to back - with one possible exception.

With the swelling ranks of the unemployed, it is especially crucial that an emergency cushion three to six months living in a high-Hidden Stash safe as a bank account or a money-market funds. If you do not have a reserve, with the construction of a pronto. In the ideal case, you'd do this by tightening spending. But if it is not possible, you may need funds to save less in your 401 (k). I can not stress enough, however, that such a step should be for a limited duration. Once your emergency fund, bump your 401 (k) contributions, where they were before, if not higher, to lost ground.

Is my pension safe?

Question: Is the crisis impact on my defined benefit pension plan? I am 55 and was always willing to sign it. - Lynn, Hephzibah, Ga.

A. The fact that the stock market is reeling does not mean that your employer can slash your pension or take it away from you. With a traditional defined-benefit pension, the size of your check is based on the number of years you worked and your salary. Once you have vested, your employer must give you the retirement you deserve.

Europe markets down ahead of expected US sell-off

2008-11-11T07:24:00.000-08:00

Europe's markets before the U.S. Open; Russian markets exposed to excessive losses

LONDON (Reuters) - European stocks traded sharply lower Tuesday before the expected losses on Wall Street despite concerns about the global economy following Down Beat corporate news in the U.S., Asian markets closed sharply lower.

The FTSE 100 index of leading British shares was 124.42 points, or 2.8 percent to 4279.50, while Germany's DAX was 151.85 points, or 3.0 percent lower at 4873.68. France's CAC-40 index was up 111.73 points or 3.2 percent lower at 3394.02.

U.S. stock futures to a lower start on Wall Street, the following Monday 74 point decline. Dow Jones Industrial futures shed 187 points or 2.1 percent to 8,700, while Standard & Poor's 500 futures fell 17.20, or 1.9 percent at 910.00.

The newest jitter have been stoked by a run of disappointing corporate news in the U.S. Earlier, home builder Toll Brothers Inc. said it could not project a profit for 2009 and Starbucks Corp. reported earnings that missed Wall Street expectations.

With the government and bond markets closed for Veterans Day, no economic reports are scheduled. Instead, investors will examine the reports earnings for direction during the session. And Toll Brothers and Starbucks reports noted the still existing problems in two of the market to the largest areas of concern: housing and consumption.

Their problems come in the wake of the announcement on Monday by electronics retailer Circuit City Stores Inc. that it has application for insolvency protection.

Investors are also speculations about the fate of the car manufacturer General Motors Corp., Chrysler and Ford Motor Co. after the automobile manufacturers met with legislators last week in the hope of securing financial aid. Shares of GM, which announced a 2.5 billion U.S. dollars in the third quarter loss on Friday and warned that it could cash in the next year, plunged 23 percent Monday to levels not seen since shortly after the Second World War.

The run of bad news from the U.S. so far this week has more than offset any relief on Monday the announcement by China that it is to boost its economy with a near 600 billion U.S. dollars package between now and the end of 2010 .

"Investors' enthusiasm quickly faded after corporate news, a reminder that the U.S. economy is in a state worse," said Stephen Lewis, an analyst at Monument Securities.

Concerns about the global economy are having their toll on oil prices as traders price in lower demand. By early afternoon London time, the cost of a barrel of oil was $ 2.64 cents to 59.77 U.S. dollars, to further selling of heavyweights BP PLC and Royal Dutch Shell, increased by 3 percent and 2 percent.

In Europe, financial stocks were particularly strong with Swiss bank UBS AG increased by 6 percent and Deutsche Bank 3.6 percent lower, and the alliance just 4.5 percent down.

Russian equities have a big blows Tuesday, forcing regulators to trade for one hour for excessive losses. The MICEX was 8.3 percent to 680.1 points by 12:30 clock (0930 GMT).

Earlier, Tokyo Nikkei 225 index fell 272.13 points or 3 percent to 8809.30, while the benchmark Hang Seng in Hong Kong lost 703.73 points or 4.8 percent to 14040.90.

Elsewhere in Asia, China's Shanghai Composite Index fell 1.7 percent to 1843.61, while Australia tumbled index 3.6 percent and the Indian SENSEX fell 5 percent. Markets in Singapore, Taiwan and South Korea were also hit with heavy selling.

The losses in Asia are in stark contrast to Monday, when trading was rejuvenated by China's 4 trillion yuan (586 billion U.S. dollars) stimulus package. Other countries, including the United States and Great Britain

These Are Good Times for Hard-Money Lenders -- Jack M. Guttentag

2008-11-11T07:19:00.000-08:00

Like all disasters, the financial crisis has its share of beneficiaries who profit from it. The hard-money lenders, which lend strictly on the basis of collateral, have benefited from the financial meltdown. These non-institutional lenders require much less paperwork than institutions, because they do not have to worry about whether or not borrowers can afford the payments, or whether they are creditworthy. They do not bother with income, employment, credit or reports.

If the debtor can not pay, the hard-money lenders get their money back through foreclosure. They are typically 30 percent to 35 percent down, to ensure that enough capital to cover expenses foreclosure. Interest rates are much higher than those of institutions, and the conditions are short.

The earliest of the 19 mortgage banks Century focused entirely on safety. By necessity, they were hard-money lenders. There was no way to document any income in those days, and credit-reporting has not yet emerged.

Financings over the decades

Over the decades, credit underwriting came increasingly to stress the capacity of borrowers to repay their mortgages, especially as their incomes relative to their costs and their willingness to repay their credit as of record. Rules, as both the ability and willingness to pay had to be documented came to fill many pages of underwriting manuals. As collateral were less important, deposit requirements declined, and in many cases completely disappeared.

Hard-money loans today is a throwback to the days before the ability and willingness of mortgage borrowers to repay were important parts of the loan underwriting.

The financial crisis has been good for hard-money lenders because they have loans with less than full documentation of income and assets extremely difficult to obtain from institutional lenders. Here is a recent example from a letter I received:

"I have my residence for 300,000 U.S. dollars in 2005, to pay all cash, but now I need 80,000 U.S. dollars to repair and can not find a loan. I live from the income from other properties, myself, but I show very little On my income tax returns, because most of it is shielded from depreciation and interest costs. None of the lenders I have to be give me a loan. "

Before the crisis, these borrowers would have no difficulty in finding a "stated income" loans, which means that, if the borrower said, but his income was not required to be documented. Indeed, the stated-income loans was developed to meet the needs of precisely this type of borrower. The interest rate would have only 25 percent to .5 percent higher than the rate for a loan fully documented.

But as underwriting rules relaxed during the go-go years from 2000 to 2006, stated income loans came to be called liars' loans, because they so often used to create the conditions for mortgage borrowers, they could not afford. The presumption was that rising prices at home they can to refinance to a lower rate or later, if necessary, to sell the house at a profit. Instead of the actual revenues that are not documented, said income often reflects income that does not exist.

Since the financial crisis and Foreclosures mounted hostility against liars' loans grew. The term has hold between regulators, legislators, and even many credit providers that any mortgage borrowers should be required to document their ability to back number

Meet the one stock-fund manager

2008-11-11T06:47:00.000-08:00

SAN FRANCISCO (Germany) - For a brief, shining moment last week, Tom Forester ran the only stock funds with a positive return for the year.

It is best not to judge fund managers to short-term outcomes, but shocking in this market climate, who can even approach break is probably worth a closer look.

Forester eponymous Forester Value Fund (NASDAQ: FVALX - News) lost 2.9% this year from 6 November, according to fund tracker Lipper Inc. In comparison with the average large-cap value rivals slumped 38.1%.

"It was one of those years where you just do not buy and hold," said Forester. "You have to be opportunistic."

Forester Perhaps the best opportunity this year came because of what he did not even financial stocks. He bypassed the big mines in this difficult sector, while investment in defensive consumer staples and pharmaceutical shares in support of the portfolio.

Lately, however, the fund manager, according to the U.S. market has been improved. Consequently, he is a danger in the company, the other perhaps still cautious, but if he sees greater potential for appreciation.

"I have to buy the things that get click on most," he said. "I am now switching into equities, a little risky, but more on the head as a result."

In addition, Forester said that his company evaluation criteria, which hinges largely on a stock price-to-earnings, price-book value and dividend yield.

"I'm basically a low P / E buyer," he said. "Low-valuation stocks usually get the best performance over a full market cycle. After they beaten until they do not go so far, and if the market rises they usually upwards more."

Valero Energy
Oil refiner Valero Energy Corp. (NYSE: VLO - News) is a typical example. Forester watched the shares fall, a victim of the rapidly falling oil prices and consumer demand.

But the fund managers saw a camp that he believed was oversold, and he began building a position in the mid-teens. Shares of Valero closed Friday at 19.24 U.S. dollars, up 3.9%.

"This path has been exaggerated," he said. "They buy the oil, refine it and sell the refined product. Anyone who makes a stable propagation is a much safer pick."

Daimler
A car manufacturer shares might not seem much to offer for a future today, but considers Forester Daimler AG (NYSE: SGI - News) an exception.

Shares of German firm were destroyed together with its partners in Detroit and Tokyo, but Forester said he is confident that upscale Mercedes-Benz driver will not abandon their vehicles, even in a slowing economy.

"Mercedes' clientele is not so economically sensitive," he said.

But why, with the market full of bargains, it would Forester is a car company?

"I was looking for something that was incredibly beaten, but still relatively stable revenues and is a strong company," he said.

A dividend yield approaching 10% are not violated. "Even if it was dead money for awhile, the yield pays you to wait," said Forester.

Shares of Daimler bottomed at $ 24 in late October from a peak of about 109 U.S. dollars a year ago; Forester was a buyer at 26 dollars. On Friday, the stock closed up 6.7% to 32.91 U.S. dollars.

Symantec
Software giant Symantec Corp. (NasdaqGS: SYMC - News) is another of the Forester's favorites.

Symantec sells the Norton brand and other computer security products, the company will purchase "in good times or bad," said Forester. "It's mission-critical stuff. You're not going to let your Internet firewalls and security."

Forester began in Symantec to buy over 12 dollars

Banks Mine Data and Pitch to Troubled Borrowers

2008-10-27T07:39:00.000-07:00

Three years ago, she became ill with cancer and ran up $50,000 on her credit cards after she was forced to leave her accounting job. She filed for bankruptcy protection last year.

For months after she emerged from insolvency last fall, 6 to 10 new credit card and auto loan offers arrived every week that specifically mentioned her bankruptcy and, despite her poor credit history, dangled a range of seemingly too-good-to-be-true financing options.

"Good news! You are approved for both Visa and MasterCard -- that's right, 2 platinum credit cards!" read one buoyant letter sent this spring to Ms. Jerez, offering a $10,000 credit limit if only she returned a $35 processing fee with her application.

"It's like I've got some big tag: target this person so you can get them back into debt," said Ms. Jerez, of Jersey City, who still gets offers, even as it has become clear that loans to troubled borrowers have become a chief cause of the financial crisis. One letter that arrived last month, from First Premier Bank, promoted a platinum MasterCard for people with "less-than-perfect credit."

Singling out even struggling American consumers like Ms. Jerez is one of the overlooked causes of the debt boom and the resulting crisis, which threatens to choke the global economy.

Using techniques that grew more sophisticated over the last decade, businesses comb through an array of sources, including bank and court records, to create detailed profiles of the financial lives of more than 100 million Americans.

They then sell that information as marketing leads to banks, credit card issuers and mortgage brokers, who fiercely compete to find untapped customers -- even those who would normally have trouble qualifying for the credit they were being pitched.

These tailor-made offers land in mailboxes, or are sold over the phone by telemarketers, just ahead of the next big financial step in consumers' lives, creating the appearance of almost irresistible serendipity.

These leads, which typically cost a few cents for each household profile, are often called "trigger lists" in the industry. One company, First American, sells a list of consumers to lenders called a "farming kit."

This marketplace for personal data has been a crucial factor in powering the unrivaled lending machine in the United States. European countries, by contrast, have far stricter laws limiting the sale of personal information. Those countries also have far lower per-capita debt levels.

The companies that sell and use such data say they are simply providing a service to people who are likely to need it. But privacy advocates say that buying data dossiers on consumers gives banks an unfair advantage.

"They get people who they know are in trouble, they know are desperate, and they aggressively market a product to them which is not in their best interest," said Jim Campen, executive director of the Americans for Fairness in Lending, an advocacy group that fights abusive credit and lending practices. "It's the wrong product at the wrong time."

Compiling Histories

To knowledgeable consumers, the offers can seem eerily personalized and aimed at pushing them into poor financial decisions.

Like many Americans, Brandon Laroque, a homeowner from Raleigh, N.C., gets many unsolicited letters asking him to refinance from the favorable fixed rate on his home to a riskier variable rate and to take on new, high-rate credit cards.

The offers contain personal details, like the outstanding balance on his mortgage, which lenders can easily obtain from the credit bureaus like Equifax, Experian and TransUnion.

"It almost seems like they are trying to get you into trouble," he says.

The American information economy has been evolving for decades. Equifax, for example, has been compiling financial histories of consumers for more than a century. Since 1970, use of that data has been regulated by the Federal Trade Commission under the Fair Credit Reporting Act. But Equifax and its rivals started offering new sets of unregulated demographic data over the last decade -- not just names, addresses and Social Security numbers of people, but also their marital status, recent births in their family, education history, even the kind of car they own, their television cable service and the magazines they read.

During the housing boom, "The mortgage industry was coming up with very creative lending products and then they were leaning heavily on us to find prospects to make the offers to," said Steve Ely, president of North America Personal Solutions at Equifax.

The data agencies start by categorizing consumers into groups. Equifax, for example, says that 115 million Americans are listed in its "Niches 2.0" database. Its "Oodles of Offspring" grouping contains heads of household who make an average of $36,000 a year, are high school graduates and have children, blue-collar jobs and a low home value. People in the "Midlife Munchkins" group make $71,000 a year, have children or grandchildren, white-collar jobs and a high level of education.

Profiling Methods

Other data vendors offer similar categories of names, which are bought by companies like credit card issuers that want to sell to that demographic group.

In addition to selling these buckets of names, data compilers and banks also employ a variety of methods to estimate the likelihood that people will need new debt, even before they know it themselves.

One technique is called "predictive modeling." Financial institutions and their consultants might look at who is responding favorably to an existing mailing campaign -- one that asks people to refinance their homes, for example -- and who has simply thrown the letter in the trash.

The attributes of the people who bite on the offer, like their credit card debt, cash savings and home value, are then plugged into statistical models. Those models then are used for the next round of offers, sent to people with similar financial lives.

The brochure for one Equifax data product, called TargetPoint Predictive Triggers, advertises "advanced profiling techniques" to identify people who show a "statistical propensity to acquire new credit" within 90 days.

An Equifax spokesman said the exact formula was part of the company's "secret sauce."

Data brokers also sell another controversial product called "mortgage triggers." When consumers apply for home loans, banks check their credit history with one of the three credit bureaus.

In 2005, Experian, and then rivals Equifax and TransUnion, started selling lists of these consumers to other banks and brokers, whose loan officers would then contact the customer and compete for the loan.

At Visions Marketing Services, a company in Lancaster, Pa., that conducts telemarketing campaigns for banks, mortgage trigger leads were marketing gold during the housing boom.

"We called people who were astounded," said Alan E. Geller, chief executive of the firm. "They said, 'I can't believe you just called me. How did you know we were just getting ready to do that?' "

"We were just sitting back laughing," he said. In the midst of the high-flying housing market, mortgage triggers became more than a nuisance or potential invasion of privacy. They allowed aggressive brokers to aim at needy, overwhelmed consumers with offers that often turned out to be too good to be true. When Mercurion Suladdin, a county librarian in Sandy, Utah, filled out an application with Ameriquest to refinance her home, she quickly got a call from a salesman at Beneficial, a division of HSBC bank where she had taken out a previous loan.

The salesman said he desperately wanted to keep her business. To get the deal, he drove to her house from nearby Salt Lake City and offered her a free Ford Taurus at signing.

What she thought was a fixed-interest rate mortgage soon adjusted upward, and Ms. Suladdin fell behind on her payments and came close to foreclosure before Utah's attorney general and the activist group Acorn interceded on behalf of her and other homeowners in the state.

"I was being bombarded by so many offers that, after a while, it just got more and more confusing," she says of her ill-fated decision not to carefully read the fine print on her loan documents.

Data brokers and lenders defend mortgage triggers and compare them to offering a second medical opinion.

"This is an opportunity for consumers to receive options and to understand what's available," said Ben Waldshan, chief executive of Data Warehouse, a direct marketing company in Boca Raton, Fla.

Among its other services, according to its Web site, Data Warehouse charges banks $499 for 2,500 names of subprime borrowers who have fallen into debt and need to refinance.

Representatives of these data firms argue that their products merely help lenders more carefully pair people with the proper loans, at their moment of greatest need. The onus is on the banks, they say, to use that information responsibly.

"The whole reason companies like Experian and other information providers exist is not only to expand the opportunity to sell to consumers but to mitigate the risk associated with lending to consumers," said Peg Smith, executive vice president and chief privacy officer at Experian. "It is up to the bank to keep the right balance."

Decrease in Mailings

In today's tight credit world, the number of these kinds of credit offers is falling rapidly. Banks mailed about 1.8 billion offers for secured and unsecured loans during the first six months of this year, down 33 percent from the same period in 2006, according to Mintel Comperemedia, a tracking firm.

Countrywide Financial, one of the most aggressive companies in the selling of subprime loans during the housing boom, says it sent out between six million and eight million pieces of targeted mail a month between 2004 and 2006. That is in addition to tens of thousands of telemarketing phone calls urging consumers to either refinance their homes or take out new loans.

Even with the drop-off over the last year in such mailings, lenders continue to be eager customers for refined data on consumers, say people at banks and data companies. The information on consumers has become so specific that banks now use it not just to determine whom to aim at and when, but what specifically to say in each offer.

For example, unsolicited letters from banks now often state what each person's individual savings might be if a new home loan or new credit card replaced their existing loan or card.

Peter Harvey, chief executive of Intellidyn, a consulting company based in Hingham, Mass., that helps banks with their targeted marketing, says the industry's newest challenge is to personalize each offer without appearing too invasive.

He describes one marketing campaign several years ago that crossed the line: a bank purchased satellite imagery of a particular neighborhood and on each envelope that contained a personalized credit offer, highlighted that recipient's home on the image.

The campaign flopped. "It was just too eerie," Mr. Harvey said.

The Holdup at Online Banks

2008-10-27T07:27:00.000-07:00

At a time of uncertainty in nearly every market, I'm a big fan of online savings accounts, many of which are paying 3% to 4% interest right now. But they have a frustrating quirk: Transferring money between a savings account at one bank and a checking account at another easily takes two days -- and sometimes as many as four.

This delay has become more apparent and more irritating during the continuing financial crisis, as consumers seek two basics: safety and yield. (Yields on these savings accounts have tended to be higher than those on money-market accounts.)

Online accounts, like all bank accounts, are protected by the Federal Deposit Insurance Corp. up to $250,000 per account holder. Offerings from HSBC Holdings PLC's HSBC Direct, Emigrant Bank's EmigrantDirect and First National of Nebraska Inc.'s FNBO Direct typically have low minimum-balance requirements. They can be good places for holding your cash reserves or earning interest on money set aside for tax payments or tuition, especially since interest-bearing checking accounts and traditional bank savings accounts typically pay well below 1% interest.

But in a remarkably interconnected, instantaneous world, where a debit-card purchase shows up in our bank accounts right away, it's equally remarkable that online transfers can be so slow.

Here's the hitch: Funds transferred between two different banks or a bank and a brokerage firm aren't really sent "online" in the way we have come to expect. Instead, these large transfers move in steps. Banks have slowed down the process further to reduce the chance of fraud, even though such fraud is fairly rare. (Years ago, Congress forced banks to speed up the clearing of checks and the availability of deposits, but it hasn't addressed electronic payments.)

You may have seen this when you tried to move money to or from a brokerage account. I ran into it most recently when I went to my ING Direct savings account first thing on a Monday morning to transfer money for a new car to my Bank of America checking account. While it showed up as "pending" on Wednesday, it wasn't mine to spend until Thursday.

What happens during that time? ING sends transactions in batches during the day to an automated clearinghouse, which sorts them and moves them to the receiving bank in a matter of two to four hours, according to Arkadi Kuhlmann, chief executive officer of ING Direct USA, a unit of ING Groep NV, and Elliott C. McEntee, chief executive of Nacha, the Electronic Payments Association, a not-for-profit group that oversees the automated clearinghouses.

In many cases, the receiving bank gets the transfer the same day. Under rules established by Nacha, money that moves on Monday should be available by the end of Tuesday. If the transfer slips to early Tuesday morning, the money should be available first thing Wednesday morning.

But the money isn't always available that quickly. Bank of America Corp. says such transfers typically take two to three days. EmigrantDirect says on its Web site that transfers take two to four days, while HSBC Direct says customers should expect transfers to take up to three days. The industry calls this a "three-day good funds model," says David Goeden, an HSBC executive vice president in personal financial services. That is, the bank wants to make sure our funds are good before it lets us have them.

The slowdown for deposits is even worse. I sign in to ING Direct to transfer funds for free to and from my Bank of America checking account. That's because Bank of America charges me $3 to transfer to another bank, which it says is typical in the industry. Because ING doesn't know if the transfer is good until the money is there, it holds deposits for five business days -- a whole week in civilian time -- before making them available, though they will start to earn interest sooner.

The banks say they want to avoid fraud, such as transfers from bad accounts, or when someone else gets hold of your online sign-on name and password and tries to move your money somewhere else. According to numbers compiled by the American Bankers Association, about $969 million was lost to fraud in 2006, the most recent year available, out of about $41.7 trillion in checking-related transactions, a number kept very low in part because of aggressive risk-management practices. But even when attempted fraud is factored in, more than 99.9% of checking transactions are good.

Here's what you can do if you want to transfer money between institutions:

Plan ahead and send transfers early in the day to have a better chance of a faster transaction.
Ironically, you can move your money faster with an old-fashioned paper check. See if your money-market account offers check-writing privileges, or open a small checking account at the same bank as your online account. Transfers within the same bank usually happen the same day.
If the transactions take longer than two business days, complain to the bank where the transfer originated. Nacha doesn't regulate how long a bank can hold onto a deposit "pulled" from another bank to be sure the funds are there. But it does have rules, and can assess fines, if funds "pushed" from another bank aren't credited quickly.
Hang on. Europe already has a much faster system, and systems to speed up the process here are under development, though they won't be ready for at least a couple of years.

Credit Deals for the Creditworthy

2008-10-27T07:26:00.002-07:00

These days, borrowers with solid credit scores can find attractively competitive terms. But move quickly: Yardsticks of creditworthiness are changing.

The credit crisis has given Scott Briggs and his wife, Catherine, unusual leverage in their search for a new home. In October, to get the best deal on a 30-year fixed mortgage for a home in Austin, Tex., the couple persuaded the seller to agree to an unusual contingency clause in the contract of sale that let them back out, without penalty, if they couldn't get a mortgage carrying a 5.875% interest rate and no more than one point in closing fees.

The couple -- he is a partner at Ascend, a jet hangar manufacturer, and she is a pharmaceutical sales rep -- have near-perfect credit scores. Adding to their bargaining power, they plan to put 20% down on the four-bedroom, two-bath home in downtown Austin that they covet. They're also pitting two lenders against each other. "With rates bouncing around, we want to get the lowest rate possible," Scott says. Keith T. Gumbinger, vice-president of HSH, a mortgage market analyst, says that's smart: "There are a lot of hungry mortgage originators, so great credit-quality borrowers are in the driver's seat."

Though the lending spigot has slowed to a trickle for consumers with dicey finances, those with stellar credit, ready cash, and a little creativity can use the turmoil to their advantage. The yardsticks of creditworthiness are changing. Two years ago borrowers with a score of 650 out of 850 qualified for the most competitive interest rates. Today, they need at least 750 for the best deals. Also, experts once advised consumers to keep their credit-card balances below 35% of their credit line to maintain a high credit score; now 20% is the maximum allowed for a top score.

Cash Cushion

Recessions tend to make consumers want to shore up personal balance sheets. One strategy for stockpiling cash is to tap a home equity line of credit (HELOC). Sure, falling housing prices mean fewer of these credit lines are being given, and many borrowers are seeing their home equity credit lines cut back or eliminated. But those who can still tap their HELOC can use it to build up cash and, in rare cases, make a little money. If your HELOC rate is 5% or lower, consider drawing down that cash and buying a one-year certificate of deposit that's yielding north of 4%, says John Ulzheimer, president of consumer education at Credit.com. You'll also get a tax deduction, which can help make up for the difference. "If HELOC rates go up, pay down the money and you are off the hook," he adds. The main point is to gain access to cash, with the arbitrage a side benefit.

With the housing market weak, consumers may want to pad their cash cushion before the financing window closes. Scott Gale of Irvine, Calif., drew $480,000 out of his HELOC in July, just in case he needs extra money for his residential development business. Gale, who has a top credit score and no credit-card debt, split the money between CDs and high-yield bonds. "I'm not planning to touch the money for at least 18 months, but it is good to know it is available for my business," Gale says. (He hopes the high-yield markets will stabilize by the time he needs the money and deliver a nice return on his investment.) A month after Gale tapped his HELOC, he got a letter from his lender saying that the remaining credit line was shuttered due to market conditions.

With auto sales stagnant, car buyers can also find bargains. Frank Luppino, who owns a specialty lighting company in suburban Chicago, purchased a 2008 Chevrolet Avalanche in October for $14,500 off the list price. His high credit score of 801 out of 850 allowed him to get the rate on the dealer-financed loan cut from 5.5% to 4.9% just by asking for the best possible offer. "It was done in less than 10 minutes," he says.

World markets slump as Nikkei hits 26-year low

2008-10-27T07:26:00.001-07:00

World markets slump again as Tokyo's Nikkei falls to 26-year low on surging yen LONDON (AP) -- European stock markets fell heavily Monday after the Nikkei index in Japan closed at its lowest in 26 years as the financial crisis raised recession fears and drove up the yen, piling the pressure on the country's exporters.

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Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 -- the lowest since October 1982 -- with exporters like Toyota Motor Corp. and Sony Corp hit hard. The losses came despite a report that the government was considering massive capital injection into struggling banks in a bid to calm jittery financial markets.

"Worries about the impact of the surging yen on Japanese export earnings have hit the Nikkei hard," said Julian Jessop, chief international economist at Capital Economics.

"This in turn has led to sharp falls in European markets even when, as on Friday, the U.S. had closed higher the day before," he added.

Benchmarks in Britain, Germany and France trading down more than 4 percent. The FTSE 100 index was 190.97 points, or 4.9 percent, lower at 3,693.39, with heavyweight oil stocks BP PLC and Royal Dutch Shell down 5.1 percent and 4.7 percent respectively as oil prices continue to plummet despite last week's decision by the OPEC oil cartel to cut production.

Germany's DAX was down 200.24 points, or 4.7 percent, at 4,095.43 despite an 80 percent rise in the share price of Volkswagen AG following news that Porsche AG wants to increase its stake in the car manufacturer.

France's CAC-40 was the worst performing European index, down 216.34 points, or 6.8 percent, at 2,977.45, with car manufacturers heavily sold off after gloomy updates last week. Renault SA shares were 8.7 percent lower, while Peugeot SA shares were down 7.3 percent.

Dow futures were down 268 points, or 3.2 percent, at 7,994. Standard & Poor's 500 futures were down about 4 percent.

Mounting concerns about the yen and the effect of the financial crisis on currency markets prompted the world's seven leading industrial nations to issue a statement Sunday warning about the "recent excessive volatility" in the value of the Japanese currency, which is rising against the U.S. dollar towards the 90 yen level and near 13-year highs.

"We continue to monitor markets closely, and cooperate as appropriate," the G7 said.

The statement has raised the prospect of coordinated intervention to stem the yen's appreciation and could be the precursor to joint interest rate reductions too to help calm markets and provide some impetus to the stalling global economy. The U.S. Federal Reserve is already expected to cut its benchmark interest rate a half percentage point to 1 percent at a two-day meeting that ends Wednesday.

"The G7 statement has increased the chance of early coordinated rate cuts this week," said Hans Redeker, global head of FX strategy at BNP Paribas.

The yen has appreciated in part because it is seen as a safe haven for investors fleeing turmoil elsewhere because many think the Japanese economy will be less hit by the global recession.

The euro and the pound continued to drop, with the pound 3.0 percent lower at $1.5464 and the euro down 1.3 percent down at $1.2461. The euro is under pressure from fears about banks' exposure to emerging markets and expectations the European Central Bank will cut interest rates.

Economic data this week is likely to further stoke concerns about the global economy. Earlier Monday, the well-respected Ifo Institute in Germany reported that its main activity index fell to a five-year low 90.2 in October.

Monday's sharp stock market declines in Asia came amid another round of government measures to boost markets. In South Korea, the central bank slashed its key interest rate Monday by three-quarters of a percentage point -- its biggest cut ever -- to prevent Asia's fourth-largest economy from lurching into recession, while Australian and Hong Kong central bankers injected funds into their markets to ensure liquidity.

In mainland China, the benchmark index slumped to its lowest level in more than two years as investors reacted to dismal earnings reports. The Shanghai Composite Index lost 6.3 percent, or 116.27 points, to 1,723.35. It is now down about 72 percent from its peak about a year ago.

Hong Kong's Hang Seng Index tumbled 12.7 percent to 11,015.84, its lowest close in more than four years and biggest daily decline since 1991.

In the Philippines, the key index plummeted 12.3 percent to 1,713.83 points, triggering a circuit-breaker that automatically halted trading for 15 minutes.

Only South Korea's market managed to eke out gains, perhaps in part because of the big rate cut there. The benchmark Kospi ended 0.8 percent higher at 946.45.

In Europe, the International Monetary Fund said Sunday it had reached a tentative agreement to provide Ukraine with $16.5 billion in loans and announced that emergency assistance for Hungary had cleared a key hurdle.

In oil, crude prices weakened after OPEC's move to cut production in an attempt to halt the declines. Light, sweet crude for December delivery was down $1.95 to $62.20 a barrel. Oil prices have plunged more than 57 percent from a record $147.27 in mid-July.

AP reporters Jeremiah Marquez in Hong Kong and reporters Tomoko A. Hosaka in Tokyo, Elaine Kurtenbach in Shanghai, Hrvoje Hrankski in Manila and Kelly Olsen in Seoul contributed to this report.

Stocks improve after home sales show surprise gain

2008-10-27T07:25:00.001-07:00

Stocks improve as new home sales show unexpected increase; investors look to Fed action NEW YORK (AP) -- Stocks have regained ground from early losses after sales of new homes showed an unexpected increase in September.

While median home prices have dropped to the lowest level in four years, investors are pleased that the market is beginning to chip away at an inventory glut.

The market is also getting a lift from the start this week of the government's stock purchases in major banks -- an effort to stabilize the banking system.

The Dow Jones industrials, which had been down more than 100 at the open, were down 16 at the 8,362 level, a dip of about 0.19 percent. The Standard & Poor's 500 index is down 0.30 percent, while the Nasdaq composite index is down 0.44 percent.

September new home sales rise by 2.7 percent

2008-10-27T07:21:00.000-07:00

New home sales post unexpected increase as prices fall to lowest level in 4 years WASHINGTON (AP) -- Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years.

The Commerce Department reported Monday that sales of new single-family homes rose by 2.7 percent last month to a seasonally adjusted annual rate of 464,000 homes. Economists had expected sales would drop from the August level.

The median price of a new home sold in September declined by 9.1 percent from a year ago to $218,400, the lowest price level since September 2004, a period when home prices were rising rapidly as the country experienced a five-year housing boom.

India to cut interest rates 100 basis points in emergency

2008-10-21T05:53:00.000-07:00

20 Bank of India announced that with immediate effect from the country's benchmark interest rates - repo rate down 100 basis points to 8.0 percent for the first time since 2004 to cut interest rates. This is to cope with the global financial turmoil triggered by a substantial cooling of economic risk.

Since October 11, India's central bank has twice cut the commercial bank reserve ratio, the cumulative decline to reach 2.5 percentage points to 6.5 percent, which is equivalent to a total liquidity of the financial system to release at least 200 million.

Earlier this month, IMF and Goldman Sachs, among others, have announced that the downturn on India's economic growth is expected. Goldman Sachs report released last week, is expected to India in March next year as the fiscal year, economic growth 7.5 percent, as previously expected 7.8 percent. The 2009 fiscal year is expected to grow by 7% to 7.2% previously expected.

The United States has plunged into recession as U

2008-10-21T05:50:00.000-07:00

Intermittent financial turmoil is to worsen the economic outlook. We judge that the global Great Depression will not occur, the United States had been in a U-recession in the second half of next year and will face many difficulties.

U.S. Treasury Lehman Brothers not to lend a helping hand can be said to be a major mistake, as the fourth-largest U.S. investment banks, hedge funds in the Lehman Prime Brokerage, money market operations and credit default swaps (Credit DefaultSwap), and other business Have a higher market share, led to the bankruptcy of its money market into chaos and affect the real economy. Governments and central banks continue to introduce measures to prop no significant results, mainly due to its market participants worried about the general loan crisis is far from meeting come to an end, financial institutions are now disclosed the loss of just the tip of the iceberg, and therefore confidence in the market to enable the rapid deterioration in the credit business On the brink of failure. In addition, as we have repeatedly stressed that the liquidity and payment crisis at the same time, the policy introduced by the timeliness is very important European and American authorities late measures therefore less effective.

In the first half of this year due to the U.S. economy and export tax rebates, but the effect disappeared after the tax rebate will be even more sluggish domestic demand, the global economy faster than expected decline in exports to the United States also faces a severe test. The housing market is still faced with a large number of confiscated homes to be put in the market arising from the supply of heavy pressure from the recent financial market turmoil has undoubtedly exacerbated the adjustment in the property market have a negative impact.

Our evidence shows that the model, in the second quarter this year, the actual price higher than the balance of the potential value of about 21.5 percent, is expected to actual housing prices will peak in 2006 dropped 40% in order to bottom, there are still about 15% decline in the space of the depression continues to be The job market as a result of a number of financial institutions and the collapse of the merger and a marked deterioration in the previous month. Second loan crisis of the U.S. economy in the near future to face the destructive power of leverage, medium and long-term global economy is facing a re-balance the general trend and therefore more likely to have a recession rather than the U-V or W-type recession.

We expect GDP growth this year, the United States may be 1.4 percent, the contraction in the economy will continue to 3-4 quarter; next year before the economy has taken a low after the high pattern of economic growth throughout the year -0.5% to 0%. However, loan-to-time crisis caused by financial turmoil and the impact on the real economy are less than 70 years ago to the economic crisis, the Great Depression and will not repeat itself. From a long-term productivity of the U.S. economy, even though since 1960 has experienced an economic recession 7th, long-term productivity as the technology continues to progress to maintain high-speed growth, productivity growth is also present at the upstream stage, reflecting the tenacity of the U.S. economy still has not caught Devastated the L-type situation or a recession.

Recently, the U.S. Treasury Department plans to use its 700,000,000,000 U.S. dollars to save the city money in the 250,000,000,000 U.S. dollars into 9 financial institutions, which means that the United States to rescue the market from a single program of the Sweden-based banks to deal with non-performing assets-to Finland (the nationalization of the way) and Sweden-a combination of approaches to national credit replacement business credit in order to pay down the credit crisis. At present, the United States market, the success of large-scale issuance of treasury bonds to rescue the market still doubts the United States is extremely concerned about the increased financial burden, but we think the market is anticipating is not as bad as the U.S. government will not bankrupt. To ensure the orderly operation of financial markets in the United States, the normal operation of the currency market, the U.S. government to financial institutions and the security of the total capital injection of about 1,000,000,000,000 U.S. dollars, while the United States will continue to issue bonds in order to save the market to raise funds as the main source of its The United States will certainly have a negative impact on the financial situation. However, because the United States non-governmental net assets is still a very substantial, but the government put out a bill in the city held a number of contingent liabilities (Contingent liability) of the potential loss is not high. As a result, the current financial situation (as at October this year, the U.S. national debt is about 10 trillion U.S. dollars, accounting for 72% of GDP, the debt held by the public for 6,000,000,000,000 U.S. dollars, about 60% of the total debt), to save City, the bill posed by the financial pressure was not as expected by the market so huge. When the loan-to-time after the storm, which is expected to bring more investment income. From a historical experience shows that the President of the United States of a financial package to the U.S. financial situation played a very important role, the incoming President of the United States the next fiscal program will be able to gradually reduce the fiscal deficit to achieve budget balance and even the key.

6 months in the future may be the low round of the economic cycle. In addition to the above has not at the end of the financial turmoil, export slowdown, the decline in consumption, housing prices fell and the job market are weakening the U.S. economy is facing many obstacles.

Although the U.S. market because of the enormous financial burden and the negative attitude towards the U.S., we continue to believe that dollar will remain strong. The reasons are: First, the U.S. current account deficit improved, but with the drop in oil prices, current account balance will be further narrowing of the U.S. dollar in favor. Second, the slowdown in the United States on the major developed countries the negative impact is gradually spreading, a process that usually have a time lag of about a year.

Europe, Japan and emerging markets exacerbated the deterioration of the economic outlook next year, will face even greater risks, or it will become an important support strong dollar. Thirdly, the European benchmark interest rates with the U.S. federal funds rate compared to a larger rate cut is still room for interest rate differential and interest rates were often the reverse relationship between the dollar positive. In addition, the carry trade positions large-scale activities to support the dollar in the short term. Unless the United States for the rescue package to issue bonds to raise funds blocked by the U.S. authorities to have printed money to solve the debt problems of the substantial depreciation of the dollar.

U.S. dollar got the high record

2008-10-21T05:49:00.000-07:00

Monday, Dikaigaozou dollars, a record high. Lowered the minimum dollar index 81.97, the highest touch on the location of a new high of 83.23, K on a tip-off land hatched in the Line, the show is still in the U.S. are on the rise. Information on the surface, the current global focus of attention remains and the subsequent financial crisis brought about by the financial turmoil, but as early as turmoil seems to have eased, Europe and the United States is preparing for major international summit convened to discuss further the resolution of the crisis Programs and methods.

If you handle it properly, it will further ease market fears. Governments of the global initiative to rescue the market has not fundamentally ease the panic mood of investors, in addition to a global recession fears on the more intensified, the international financial markets, the continued instability in the near future, and is considered the current hedge the currency is U.S. dollars More favored by investors. As the international community to the global credit crisis eager to find a solution to the problem, the U.S. dollar in the past one or two months in support of the subject is obvious.

Today, signs that the market may be worried about the global economy into recession, hedge sentiment in the recent sharp rise against the dollar as investors demand more strongly. Although the U.S. economy may be leading all the way down, but the Fed has been and is likely to cut interest rates to the fact that the dollar should be regarded as favorable factors. In view of the dollar value of available storage features, combined with the dawn of the hedge emotional or dollar influx of capital flight, economic uncertainty will only increase in the dollar benefit, not only because the U.S. has a low-yielding currencies, but also because the U.S. to play International reserve currency.

At present, hedge sentiment seems to linger much meaning. At present, the global economy may be at the edge of recession, its duration and scope is unclear. Technically, the dollar index to record high, the upward trend has not reduced, the current state average on-line system to continue to support long array index, MACD is still in a strong technical development of the region, believe that the dollar is still strong in a short-term.

Dutch government to inject large blood transfusion 10,000,000,000 euros to ING for helping the Asian financial crisis

2008-10-21T05:43:00.000-07:00

The Government of the Netherlands announced on the 19th to the nation's largest financial group ING Group (ING) injection of 10,000,000,000 euros (1 euro approximately 1.34 U.S. dollars) to strengthen its core assets to weather the financial crisis.

Netherlands Ministry of Finance announced on the same day, the Government will be 10 euros per share price of ING Group to buy a particular stock, stock that can be used as the central bank approved a Netherlands-core assets. Government's special shares yield no less than 8.5 percent, ING can be 15 euros per share repurchase price of those shares.

As the support of the ING Group of the "conditions", the ING Group will appoint two members of the board of supervisors, their major investment and income distribution, and so on hold veto power in decision-making.

ING said on the 17th, due to investment losses and asset write-down, the group estimated that third-quarter loss will be 500,000,000 euros. This is a group of the 50-year-quarter loss of face for the first time.

Earlier this month, the Dutch government decided to "well-run, the essence of health," but the financial crisis in the Netherlands have encountered temporary difficulties in financial institutions with a total of 200 billion euros in financial support. Netherlands 19, said the Ministry of Finance, the Netherlands International Group, in line with the conditions.

Let it be known that the Taiwan subsidiary of ING Min

Taiwan's "China Times" published yesterday in the news section reported that the AIG Group of the United States following the outbreak of the financial crisis, the Dutch ING Group, also one-quarter of a loss for the first time, so this is the largest in Taiwan, a subsidiary of ING's ING Antai Life Insurance, prepared Concern.

This, ING Antai Life: "a very solid company, will have no effect"; and ING Antai Life Insurance in Taiwan, a subsidiary of the way it is used to operate independently, operate and the rights and interests of policy holders are not subject to Dutch financial group ING changes Impact.

Transnational Financial Group overseas on fire, a subsidiary of the island can only be busy fighting. ING Group in the loss of information disclosure, yesterday (20) morning, a number of policy holders will have to call customer service center, asked whether the rights and interests will be affected; it is understood that so far, the majority of policy holders are still quite rational, No reports of panic wave of prematurely terminated.

U.S. economy to develop new models and new global financial market will lead to gold

2008-10-21T05:33:00.000-07:00

Today's financial market fundamentals have not an important economic indicators and significant financial events, is a rare calm day, Recently, the focus of today's market it is difficult to capture, so far have not caused by financial market volatility, are not clear The news is expected to have an impact on the market. Nevertheless, I still would like to have been announced so far to do some finishing, in order to look forward to the future trend of the market some guidance.

Federal Reserve Chairman yesterday in the National Assembly Budget Committee on the economic outlook and financial markets at the hearing stressed that Congress should consider a second round of economic stimulus plan to promote U.S. economic recovery as soon as possible, and the previous economic stimulus plan in March of this year is determined by the For the American people 100,000,000,000 U.S. dollars of direct tax return policy to stimulate the consumer market back to the obscure. So even if the U.S. government is prepared to take the second round of economic stimulus plan, which may include the main elements of this?

First of all personal income tax relief for the public policy of the General Assembly should not become a second round of a major economic stimulus plan, because this is the last major economic stimulus plan, but in such a situation, whether personal or corporate tax relief The economy is unlikely to have played a role in the promotion of good, they will be more accidents will save up to be the worsening of the crisis. Most of the people of the United States in the current liabilities, less savings and more, the average consumer would like to stimulate the expansion of consumer driven demand, economic growth this path may be some difficulties.

The main demand from the consumer, trade and investment, the next step the United States is expected to promote policy needs to focus on government-led international trade and domestic investment in public infrastructure services, which may be directly caused by the U.S. trade account to a larger change; likely The promotion of domestic medical and health system reform, and so on, then more people in the United States for more public services.

Tell You How Credit Cards Work

2008-10-15T09:49:00.000-07:00

Low Interest credit cards are exactly what their name suggests. They charge low rates of interest (APR). The APR is calculated in the same way as with other credit cards; this facilitates an easy comparison for an individual who is planning to switch over to these cards. Low interest credit cards are favored by individuals who habitually carry their monthly credit card balance forward. Low interest rates can lead to significant savings on financial charges.

For the introductory period, most low interest credit cards offer 0% APR; however, most credit cards offer 0% APR only for select situations such as balance transfers and major purchases. The introductory period offer can be used for consolidating multiple credit cards that charge high rates into a single low APR credit card. This helps people to reduce the financial charges associated with credit card debts and pay off the existing balances quickly.

Often, low interest rate credit card companies will waive the balance transfer fee upon a clients request. Thus, low interest rate cards with rates that can be up to 9 percentage points lower than those of other cards are a great way of saving for those inveterate shoppers who invariably end up with a monthly balance on their credit cards. It is also less taxing to take a cash advance with low interest credit cards. Individuals with poor credit scores may find themselves ineligible for low interest credit cards.

Low interest credit cards may or may not offer other advantages like cash back and travel insurance and should therefore be used with another card that does. This helps a card user to earn benefits from the other card which he may use when he does not intend to keep a balance; for other purchases, the low interest credit card can be used. It is advisable that the oldest extant credit card account that an individual has should not be closed for acquiring a low rate credit card; this is because maintaining credit accounts for long periods reflects well on the credit ratings.

There are several low interest credit cards available in the market. Individuals should do a thorough research to find a card that offers a perfect fit for their needs.

Loan tips guide for you,the American

2008-10-15T09:46:00.000-07:00

End of the month and running short of money to pay off your bills, unexpected expenditure or money required to repay a debt? Now all your worries can be resolved with the aid of instant cash available by virtue of payday loans. Payday loan as the name suggests is the cash given to make your payment at the very day. In current scenario when usually expenses are more than the earnings, payday loans are definitely a boon. But prior to taking a payday loan there are quite a few things that should be borne in mind. At first it is important to know that since payday loans are extremely fast, you should not rush to have one without deliberation.

You apply for the loan online and it might get approved that very day. As soon as the payday loan companies receive your information, they verify it. If the verification is positive, your loan is right on its way. So before applying you must have a clear idea of the APR, fees and the terms and conditions of the payday loan company you are applying in. Surf the Internet, hunt for more payday loan companies and compare the interest rates, fees and other services of these companies. If a company has concealed the interest rates, fees, penalty amounts etc., dont deal with it. According to law it is mandatory for the loan offering companies to inform the loan seekers of this relevant information beforehand.

To save yourself from being tricked it is always better that you make sure that the company is registered with the Better Business Bureau (BBB). Once you equip yourself with every piece of information, ponder over it and make a judicious move. Secondly do not wait for a check to arrive at your place. Mostly the payday loan companies electronically deposit the required cash into your checking account in a day or two. So it is better that you take care of your financial emergency quickly.

Though payday loan is extremely beneficial you should not forget that the cash so taken is to be returned with a high rate of interest and that too at your next salary day. So if you are burdened by financial crisis, payday loan is not a wise idea. In this case you should also avoid going with companies that stretch the loan payback date because you might then be charged exorbitantly in the form of interest and the loan repayment can become all the more difficult.

At the end of the day it is better that you work out other alternatives such as planning a budget at the commencement of a month, minimizing your expenditure as much as possible by saying no to every weekend party, unnecessary shopping etc. In making a budget you can take help of a non-profit group in your state. These organizations offer credit guidance to consumers and at times this service is provided free of cost. But if you still feel payday loan is the right choice then keeping the high interest rates in mind, borrow only the amount that you badly require, nothing more than that.

Load Cell Troubleshooting Tips

2008-10-15T09:44:00.000-07:00

The following four tests can be used to assist in troubleshooting load cells. A precision power supply and multimeter are necessary.

Test 1: Mechanical Inspection
Each load cell should be inspected for physical damage. A thorough inspection of the entire length of any cables should be done. Nicked or abraded cables can short out a load cell. Inspect for distortion or cracks on all metal surfaces. Flexure surfaces, if any, should be parallel to each other and be perpendicular to both end surfaces. If the load cell has been physically deformed (bent, stretched, or compressed from original configuration) it is non-repairable. Consult Measurement Specialists for load cell application information.

Test 2: Zero Balance (electrical output with no load)
Changes in the zero balance are usually caused by residual stress in the sensing area. Residual stresses result from overloading the cell, and /or from millions of cycles.
With a millivoltmeter, measure the load cell's output under a 'no load' condition, (no weight on the load cell). The output of a trimmed cell should typically be within +/- .1% of rated output. Always consult published specifications to obtain the correct values.
EXAMPLE: If the typical load cell output =2 mV/V and the typical power supply output =10V, then the full scale output would be =20 mV. Typical zero balance =+/-.1% of rated output. The zero reading should then be within +/- .02 mV.
If the output is greater than the zero balance tolerance, the cell is damaged but may still be useable. When the zero reading exceeds the zero balance tolerance but is less than 50% of the full scale output, the load cell may be electronically 're-zeroed' if the electronic readout with the cell allows it; however, there is no guarantee that the load cell will remain linear. If a load cell has more than 50% full scale zero balance shift, it may require 're-gauging'.

Test 3: Bridge Resistance
Out of tolerance bridge resistance values are usually caused by the failure of a compensating element. Another cause is a broken or burned bridge wire. These failures commonly result from electrical transients or lightening strikes.
TO TEST FOR BRIDGE RESISTANCE: Measure the resistance across each pair of input and output leads. The input and output resistance is typically 350 +/- 3.5 ohms, however, there are many variations, depending on each load cell's published specifications. Consult the published specifications of the subject load cell for proper values and tolerances. If these readings are 'out of spec', the load cell requires repair.

Test 4: Resistance to Ground
Current flow from the load cell's electronics to the load cell body is usually caused by water contamination within the load cell or its cable.
TO TEST FOR LEAKAGE: Connect all of the input, output, sense and ground leads together and measure the resistance between the load cell body and the leads with a megohmmeter. Make sure good contact is made with the metal load cell sensor. The reading should be at least 5000 Megohms. If the load cell fails this test, retest without the ground wire. If the load cell passes this test, a problem may exist with the load cell cable. If the test fails the load cell requires repair.

USA wants to ask China to buy the USA bond

2008-10-13T05:42:00.000-07:00

USA time is got on 10th , is is to rescue the whole world financial crisis, Washington holds a series of general of convention such as Secretary of the Treasure of G7 convention , Secretary of the Treasure of 20 countries Corp.s convention in USA , convention's major objective is to discuss an international actively rescuing the city scheme combinedly. Korea Republic "Korea daily " reveals evidence , USA will require that China buys a bond intensely on G20 convention.

On 11th local time is late , USA Ministry of Finance will hold Secretary of the Treasure of 20 countries Corp.s (G20) and the long centre every business joint meeting, include Korea Republic , Argentina , Aussie , Brazil , China , India , Indonesia , Mexico , Saudi Arabia , South Africa , Turkey and Europe centre line (ECB) etc. among them. "Korea daily " fit, on G20 convention, "USA will require that ample China of exchange cover scale buys a bond intensely".

At present, China holds 518,700,000,000 U. S. dollar USA government debt, is second biggest USA creditor countries , the sound rescuing a city in connection with requiring that Chinese skill displayed in making opening moves supports USA is ceaseless. Fu Rui Wei expresses former USA assistant trade representative on 8th , "China is an American bank now" , help USA to overcome the difficulty if China does not give hands this time, "USA may die very tragically ". The city expressing saving hoping that "the G20 country can approve G7 also on the occasion of the convening of G7 plans " USA Secretary of the Treasure Baoersen.

Five central banks debut "amounts boundless funds " pouring capital policy

2008-10-13T05:29:00.000-07:00

The whole world five big centres lines push "the boundless forehead " newly annotating the capital net message storing the line allying self with five big centres such as Europe and Japan etc. on 13th up for the strained situation , beautiful couplet improving the short-term international market U. S. dollar financing further enlarging "blood transfusion" dynamics once again.

The couplet stores joint statement up according to US and 4-big entreats besides, the Europe centre line , United Kingdom centre line and Switzerland centre line call for bid of the U. S. dollar carrying out fixed interest rate lasting for 7 day , 28 day and 84 day then. As long as banking institution providing the pledge reasonable and legitimate,the general but the boundless forehead field pats the U. S. dollar fund from centre line.

For supporting above-mentioned new country notes money to act, the beautiful couplet stores the U. S. dollar announcing three big cancel the person and above-mentioned centres go up exchanging forehead degree upper limit. Besides, Japan entreats a line also "to lead think about into similar measure ".

The declaration is announced , respectively big centre continues cooperating closely imminently , prepare to adopt a little necessary measure at any time , comes to be that the short term financing marketplace provides sufficient flowability.

As said or narrated above boundless forehead U. S. dollar exchanges a plan will continue for till next April 30.

European, Asian markets plunge on crisis fears

2008-10-06T09:42:00.000-07:00

European and Asian markets plunge as bailouts in US, Europe fail to ease financial fears

-- Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth.

nvestors took scant comfort from Washington's passage of a US$700 billion plan to buy bad assets from banks and other institutions to shore up the financial industry on Friday because of the uncertainty still hanging over the details of the deal and the degree to which it will help.

Britain's benchmark stock index, the FTSE 100, lost 220.11 to 4,760.14 -- a 4.42 percent fall. The declines were led by the banking industry, with the mining and oil industries also suffering drops. HBOS PLC's share price dropped 15.7 percent, while the Royal Bank of Scotland Group PLC fell 13.6 percent.

Germany's DAX index fell 4.22 percent to 5,552.27. France's CAC-40 index dropped 4.85 percent to 3,882.81. In Russia, the RTS stock index tumbled more than 7 percent in first 20 minutes of trading.

Over the weekend, many European governments moved to save troubled banks, and made more promises to protect depositors from the credit crisis.

Germany on Sunday agreed a 50 billion euros (US$68 billion) package to bail out Hypo Real Estate, the country's second-biggest commercial property lender, after a rescue plan by private lenders fell apart.

France's BNP Paribas SA committed to taking a 75-percent stake in troubled European bank Fortis N, and Sweden and Denmark followed Ireland and Britain in raising the amount of savers' deposits guaranteed by the government.

Britain's treasury chief Alistair Darling said he was "ready to do whatever it takes" to get the country through the credit crunch, and was looking at a "range of proposals."

But analysts said that, like the U.S. plan, the lack of detail in many of Europe's moves failed to restore investors' confidence, resulting in the stock market tumbles. "What the markets need are some more details about exactly when and how these plans are going to come in," said Richard Hunter, head of British equities at Hargreaves Lansdown Stockbrokers, "And they need some proof that some of these measures are taking hold."

Across Asia, all markets were also in the red. Tokyo's Nikkei 225 index fell to its lowest level in 4 1/2 years, sinking 4.25 percent to 10,473.09.

Hong Kong's Hang Seng index slid 5 percent to 16,803.76. Markets in mainland China, Australia, South Korea, India, Singapore and Thailand also fell sharply. Indonesia's key index plummeted 10 percent, it's biggest one-day drop ever.

In Russia, the RTS stock index tumbled more than 7 percent in first 20 minutes of trading.

"Everyone is losing confidence," said Mark Tan, who helps manage about $20 billion of equities and bonds at UOB Asset Management in Singapore. "The problem now is that the lack of foreign confidence could affect the Asian consumer, which would lead to a bigger slowdown in Asia than expected."

"This credit crunch looks like it's not going away any time soon," said Alex Tang, head of research at brokerage Core Pacific-Yamaichi in Hong Kong. "Apart from a credit crunch in Europe, investors are quite concerned about the worsening outlook on the U.S. economy."

Investors appeared spooked by a series of developments out of Europe over the weekend.

Belgian Prime Minister Yves Leterme said Sunday that France's BNP Paribas SA had committed to taking a 75-percent stake in troubled European bank Fortis NV. British treasury chief Alistair Darling also said he was ready to take "pretty big steps that we wouldn't take in ordinary times" to help the country weather the credit crunch.

The outlook for the U.S. economy darkened after figures released Friday showed that 159,000 jobs in the U.S. were lost last month, the fastest pace in more than five years.

Such concerns overshadowed any investor optimism over the U.S. House of Representatives' approval Friday of a massive bailout plan that will allow the U.S. government to buy distressed mortgages and securities backed by mortgages from banks and other financial institutions.

Investors questioned how long it would take for the package to unfreeze credit markets, restore bank lending and generally shore up the U.S. economy.

"The market had already figured in the package's passage," said Yukio Takahashi at Shinko Securities Co. in Tokyo. "There are strong doubts about its implementation."

Japanese financial companies and industries dependent on exports, such as steel, were especially hard hit Monday. Nippon Steel Corp. stock tumbled 9.8 percent, while Mizuho Financial Group was down 8.3 percent in morning trading.

Trading in mainland China resumed after a weeklong holiday break with the benchmark Shanghai Composite Index sinking 5.2 percent to 2,173 by midafternoon.

Banks and other financial shares saw heavy declines. Shanghai Pudong Development Bank fell 7 percent and Bank of China slipped 3.6.

Shares of Ping An Insurance Co. rose even after it said Monday it will record a US$2.3 billion loss on its stake in European bank Fortis in the biggest blow yet to a Chinese institution from the global credit crisis. Ping An's shares were up 1.6 percent.

U.S. stock index futures were nearly 2 percent lower, suggesting Wall Street would open lower Monday. The Dow Jones industrial average fell 157.47, or 1.5 percent, to 10,325.38 on Friday.

In currencies, the euro slid to US$1.3570 from US$1.3774 late Friday. But the dollar was weaker against the yen, falling to 103.66 from 105.30 yen late Friday.

Oil prices tumbled on speculation that slower global growth will cut crude demand. Light, sweet crude for November delivery was down US$3.23 to US$90.65 a barrel in Asian electronic trading on the New York Mercantile Exchange.

What's an Investor to Do Now?

2008-10-06T09:40:00.000-07:00

With financial markets in distress and the Dow tumbling below 10,000 for the first time in four years it's tempting to put your head in the sand -- or all your money under a mattress.

Rather than refusing to look at your statement, use this moment of fear and loathing of all things financial to your advantage:

Review your portfolio and see if you're really diversified across all asset types and global markets, as well as cold, hard cash. Not much is working now but diversification is one thing you can control.
Make sure your portfolio fits your time horizon. If you have 20 or more years before retirement, history suggests you will benefit from purchases made during the current market duress. (And I'm talking about long-term investing via a 401(k) or similar retirement program, not a short-term trade, which may or may not pan out in the next week.)
Know your risk profile. If you can't stomach the drama, maybe you're really not an "aggressive investor" after all.

Such advice may seem obvious to more sophisticated market players -- many of whom were anxious to "buy the dip" this morning, at least before the open. But with emotions running high, it's worth remembering what long-term investing is really all about.

Wall Street tumbles amid global sell-off

2008-10-06T09:38:00.000-07:00

Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. The Dow Jones industrials skidded more than 400 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain.

Investors around the world have come to the sobering realization that the Bush administration's $700 billion rescue plan won't work quickly to unfreeze the credit markets. Global banks, hobbled by wrong-way bets on mortgage securities, still remain starved for cash as credit has dried up.

That's caused stocks to plunge in the U.S., Europe and Asia, and drove investors to sink money into the relative safety of U.S. government debt. Fears about a global recession also caused oil to drop below $90 a barrel; and the benchmark index that gauges fear in the market jumped to the highest level in its 18-year history.

"The fact is people are scared and the only thing they're doing is selling," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "Investors are cleaning out portfolios and getting rid of everything because nothing seems to be working."

The selling was so extreme that only 98 stocks rose on the NYSE -- and 3,092 dropped. That's a telling sign considering the stock market is considered a leading economic indicator, with investors tending to buy and sell based on where they believe the economy will be in six to nine months.

Monday's steep decline on Wall Street indicates that investors are becoming more convinced that the country is leading a prolonged economic crisis that is spreading to other nations. Over the weekend, governments across Europe rushed to prop up failing banks, while the governments of Germany, Ireland and Greece also said they would guarantee bank deposits.

As the U.S. tries to shore up its battered banking system, the German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG. And France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.

The Fed also took fresh steps to help ease seized-up credit markets. The central bank said Monday it will begin paying interest on commercial banks' reserves and will expand its loan program to squeezed banks.

In midday trading, the Dow Jones industrial average fell 476.13, or 4.61 percent, to 9,849.25, dropping below 10,000 for the first time since Oct. 29, 2004. At one point, the Dow was down nearly 600.

Broader indexes also tumbled. The Standard & Poor's 500 index shed 53.12, or 4.83 percent, to 1,046.11; and the Nasdaq composite index fell 101.86, or 5.23 percent, to 1,845.53. The Russell 2000 index of smaller companies dropped 26.33, or 4.25 percent, to 593.07.

In Asia, the Nikkei 225 closed 4.25 percent lower. Europe's stock markets also declined, with the FTSE-100 down 5.20 percent, Germany's DAX down 7.07 percent, and France's CAC-40 down 9.04 percent.

The anxiety was again obvious in the credit markets. The yield on the three-month Treasury bill slipped to 0.42 percent from 0.50 percent late Friday. Demand for bills remains high because of their safety; investors are willing to take extremely low returns just to have their money in a secure place.

Investors also moved into longer-term Treasury bonds. The yield on the 10-year note fell to 3.49 percent from 3.60 percent late Friday.

The Cheapest Digital Single-lens Reflex Camera

2008-09-04T08:39:00.000-07:00

Type Digital single-lens reflex camera
Sensor 23.6 × 15.8 mm 10.2 effective megapixels CCD
Maximum resolution 3872 x 2592 pixels
Lens type interchangeable, Sony α / Konica Minolta A mount
Shutter electronically-controlled, vertical-traverse, focal-plane Shutter
Shutter speed range 30 ~ 1/4000 sec, with Bulb, 1/160 sec X-sync
Exposure Metering 40-segment honeycomb sensing system provides multi-pattern measuring
Exposure Modes full manual, Program Auto, Aperture Priority, Shutter Priority, ±2.0 EV, 1/3 EV Steps Exposure Compensation, 3 frames brcketting
Metering modes Multi-segment, Center-weighted, Spot
Focus areas 9-points center cross-hair sensor
Focus modes manual focus point selection, Spot AF, Continuous AF and AF Lock
Continuous Shooting 3 Frames Per Second, unlimited JPEG, up to 6 RAW
Viewfinder optical, spherical Acute Matte screen, 17.6mm eye relief, 0.83x magnification, dioptre adjustment, 95% frame coverage, pentamirror
ASA/ISO range Auto, 100, 200, 400, 800, 1600, 3200
Flash Manual Pop-up: Auto, Fill-flash, Rear flash sync, Wireless off camera flash (with Flash HVL-F56AM, F36AM), GN12 at ISO 100 (39 feet/ 12 meters)
Custom WB Auto, daylight, shade, cloudy, tungsten, fluorescent, flash, color temperature, custom
WB bracketing 3 frames
Rear LCD monitor 230k pixel, 2.7-inch TFT LCD
Storage CompactFlash I/II, Memory Stick PRO (with adapter), Memory Stick PRO Duo (with included adapter)
Battery 7.2V, 1600 mAh
Weight 545 g

Acer New 22" LCD Monitor

2008-09-04T08:28:00.000-07:00

Add more screen real estate to your computer's desktop with the 22-inch Acer AL2216Wbd LCD monitor, which features an elegantly sophisticated, stylish black casing. But more than just a monitor for your desktop or laptop PC, the AL2216Wbd is also an excellent choice for gamers with its blazing fast 5ms (millisecond) response time. It also offers a high level of brightness with a 300 cd/m2 rating and a 700:1 contrast ratio. Other features include a 1680 x 1050-pixel resolution, dual DVI and VGA inputs, VESA compatibility for wall mounting, and user friendly controls on the front.

The monitor's 5ms response time is essential for hard-core gamers, and it's also great for watching high-intensity action movies with fast movement. It offers a high level of brightness with a 300 cd/m2 (candela per square meter) rating and a 700:1 contrast ratio. (The higher the contrast ratio, the greater a monitor's ability to display subtle color details and not get washed out by ambient room light.) The screen also has a 170-degree horizontal and 160-degree vertical viewing angle.

The AL2216Wbd has a 22-inch screen (measured diagonally) that is framed by a thin, black bezel. The screen housing measures 20.2 inches wide by 16 inches tall. It sits upon a flat stand that measures 7.8 inches deep. Get just the right view with forward and backward tilting. The spare back includes just a power connector and the two video inputs: analog VGA and digital DVI with HDCP, which enables you to hook this monitor up to a cable or satellite set-top box for watching your favorite TV programs. It also supports Kensington locks for added security.

Asia/Pacific Market Stats

2008-09-01T06:05:00.000-07:00

Asia/Pacific Market Stats 2008-9-1

Morgan Stanley favors the Chinese animation market

2008-08-27T09:15:00.000-07:00

The Morgan Stanley research department's material demonstrated: China will realize the animation industry output value in 5~10 to account for the GDP proportion to achieve 1%, China's animation cartoon market possibly enters the high speed rise period. Morgan Stanley's reason is: China has below 300,000,014 years old the child, has surpassed the American total population. Because the Chinese children most are the only children, is in the family “young emperor” and “little princess”, its purchase ability does not allow to belittle.

　　For all this, the home biggest cartoon enterprise great dream cartoon group (next said that “great dream”) the chief executive officer king informs sues "First Finance and economics Daily paper": “China's cartoon industry must develop American and Japanese that degree, but also has a long way to go, this and we start late have the direct relation.”Because Disney already had over a hundred year history, Japan's animation industry already had also developed for several dozens years. The power of consumption has also affected the Chinese native place cartoon industry development. Demonstrated from Morgan Stanley's report data, Chinese animation profession year sales volume only then Disney Corporation year sales volume 10%. It is estimated that the Chinese child each month's average per person cartoon expends only has 5 Yuan, accounts for 7%~8% which food, clothes expend.

In addition, the domestic intellectual property protection aspect is short of does not favor the Mickey Mouse this kind of classical cartoon image the growth. The great dream was established in 2004, was the only 4 years. For all this, the great dream product "Rainbow Cat Blue Rabbit Seven Variant Biographies" once set the record of the national average viewing ratio to reach as high as 10% good results. At present the Chinese animation industry occupies GDP the percentage only to have 0.5%, but time 2004 is 0.07%. For the support nationality animation industry, the broad electricity bureau once issued the notice, from May, 2008, prohibits broadcasting the foreign cartoon prime time the limit to lengthen from 5~8:00 pm to 9:00 pm. Also stipulated that the domestically produced cartoon must account for each daily cartoon broadcast total quantity above 70%.

　　Will have the national policy support, Morgan Stanley's report has also let Wang Jing be confident to the great dream future. The king informs sues reporter a data: The Chinese animated cartoon output in the past 5 years, grew every year by 70% above speeds. But the great dream from 2005 to 2007 in these three years, the business income average growth rate is 516.54%.

　　Summarizes Disney and treasure of the American second big toyman child experience, Wang Jing believed that the great dream biggest profit will come from the cartoon animation derivative product. The king requests respectfully looks, covers company's cartoon image through the authorized way to 18 big professions under 700 stature professions, realizes broadcasts the way, the retail sales network and the authorized business complete animation industry value chain including the television station.

HUAWEI employed massive illegal staff and the service will be stopped in India

2008-08-27T09:00:00.000-07:00

August 26 news, the Indian government Department filed the charge the other day to Hua Wei, accused it to hire large quantities of Chinese staffs through the fraudulent method in India, this group of staffs legitimate work permit, simultaneously Hua Wei has not paid taxes for theirs income. reported according to the overseas media that Indian Labor Department minister to have issued the notice on this matter to HUAWEI, the Indian government has the possibility to order HUAWEI the closure related service. the India Labor Department indicated in this notice that Hua Wei the behavior has violated India's laborer law completely, it has hired the massive illegal staffs and evades taxes, belonged to the fraudulent practice.

The present Indian government was considering that to impose certain amount to HUAWEI, simultaneously will also order its termination related service the operation.

Network is slow, the trojan is annoys

2008-08-25T06:59:00.000-07:00

Since continuously, because have used the return to original state demon (is no matter my starting later has made anything, so long as starts computer, will return to a some preserved condition), but my each time backup will be after again initialize the system's maintenance will carry on immediately, therefore thought that own system will not have any question, therefore not too will pay attention (is not afraid any wooden horse), but the sudden network speed will be specially slow, but other website will be very actually normal, in I could not find the answer in the situation, several days looked up the wooden horse (usually not to install against wooden horse software, only installed anti-poison),Discovers 3 wooden horses unexpectedly!! After now eliminates, I visited the net foundation of the family mother current to be smooth.

The oil price falls, the US stock strong

2008-08-23T06:37:00.000-07:00

Because the oil price will slide to as well as Brother Leiman the rumor which will purchase will be stimulated the market human spirit, the US stock market strongly will Friday climb. The Federal Reserve President Bonake speech also reduced the investor to the inflation fear.

Up to closing, the Dow Jones Industrial Average rose 197.85 points, closes 11628.06 points, the increase scope is 1.73%. In the Dow Jones Index 30 ingredient stocks altogether has 28 stock rises, the financial stock collar rises, JP Morgan rose 3.9%, American Express rose 4.7%, the American flag group rose 3.9%, the American Bank rose 4.0%.

The Dow Jones Index altogether fell 0.4% this week, is worrying because of mortgage loan giant room US and the room Libya and US financial situation, but Investment bank Brother Leiman also fall into the difficult position, the US stock market falls largely in this week at the beginning. Leiman Brother (LEH) rose 5.0%, the market passed on a message a South Korean Bank to negotiate with Leiman, a negotiations both sides' option was purchases Brother completely Leiman by this family South Korea Bank.

Avalon Partners chief market economy scientist Peter - Cady Luo (Peter Cardillo) indicated that “Bonake speech market rise's primary cause, the market rise's primary cause was by no means Brother Leiman had possibly found the buyer.”what make market joyful is invests Master Warren - Buffett when accepts the CNBC interview to express that he thought the current stock market must be more attractive than one year ago, he also said that will not sell short US dollar. Dow Jones Index ingredient stock Boeing (BA) rose 3.2%.

According to “the Wall Street Journal” the report, Boeing called, if the Pentagon the enough time has not carried on the preparation for it, it will possibly withdraw from the accelerator project the bid. Northrop Grumman (NOC) and EADS set up together the Joint venture will be Boeing's in this project competitor. “the Wall Street Journal” also disclosed that Verizon (VZ) very quick will decide choice google (GOOG) will be its mobile phone searches the provider. Verizon rose 2.1%, the google rose 0.8%.

The Standard & Poor 500 indices rose 14.47 points, closes 1292.19 points, the increase scope is 1.13%; The NASDAQ composite index rose 34.33 points, to 2414.71 points, the increase scope is 1.44%. in the Standard & Poor 10 big tectonic plates the financial stock collar rises, the increase scope is 2.9%; The non-essential consumable tectonic plate rose 2.4%, the industry tectonic plate rose 1.5%.

The energy stock is the tectonic plate which falls only, the decline range is 2.4%. Crude oil stock after yesterday dramatic rise today recedes largely. the market delivers lightly, the New York Stock Exchange turnover is 3,744,000,000, the NASDAQ market turnover is 1,387,000,000. The New York Stock Exchange rises the stock by 24:9 to be in the lead in falls the stock, the NASDAQ market rise stock by 20:8 is in the lead in falls the stock.