Wall Street soars following U.S. Fed's tapering decision

U.S. stocks surged Wednesday after the Federal Reserve announced a modest reduction in its monetary stimulus program following its two-day policy meeting.The Dow Jones Industrial Average skyrocketed 292.71 points, or 1.84 percent, to 16,167.97. The S&P 500 rallied 29.65 points, or 1. 66 percent, to 1,810.65. The Nasdaq Composite Index leapt 46.38 points, or 1.15 percent, to 4,070.06.Both the blue-chip Dow and S&P 500 ended at record highs.Kenneth Polcari, director of NYSE Floor Operations at O'Neil Securities,post lift Inc., told Xinhua Wednesday that he was not surprised with the market reaction, citing that the tapering amount came in as expected and the Fed vowed to keep the ultra-low interest rates in place in a very long time, which would boost the economy.The U.S.tire changer central bank announced Wednesday that it will cut back its pace of bond purchases, the third round of quantitative easing program, by 10 billion U.S. dollars starting in January, with a 5- billion-dollar cut each from the purchases of mortgage-back securities and Treasury bonds.Moreover, the market welcomed the central bank's projection that the U.S. economy and the labor market would continue to improve.The Fed expected the gross domestic product of the United States to advance between 2.8 percent to 3.2 percent next year, versus September's projection of a growth at 2.9 percent to 3.1 percent. The unemployment rate is now expected to average between 6.3 percent and 6.6 percent by the end of 2014, compared with an earlier range of 6.4 percent and 6.8 percent.

Positive economic data added optimism to the market's rally. U. S. privately-owned housing starts climbed 22.7 percent in November to a seasonally adjusted annual level of 1.091 million, the highest since February 2008, said the Commerce Department Wednesday. Meanwhile, housing permits dropped 3.1 percent last month.In corporate news, shares of AMC Entertainment Holdings rose 5 percent to 18.90 dollars after its first day of trading on the New York Stock Exchange Wednesday. Its initial public offering price is 18.00 dollars a share.The CBOE Volatility Index, widely considered as a fear gauge of the market, slumped 14.87 percent to end at 13.80.In other markets, oil prices rose Wednesday on positive economic data. Light, sweet crude for January delivery gained 58 cents to settle at 97.8 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery moved up 1.19 dollars to close at 109.63 dollars a barrel.Gold futures on the COMEX division of the New York Mercantile Exchange inched up Wednesday, with the most active gold contract for February delivery up 4.9 dollars to settle at 1,235 dollars per ounce.The U.S. dollar rose against most major currencies Wednesday after announcement of the Fed's tapering decision.In late New York trading, the euro fell to 1.wheel balancer3751 dollars from 1.3767 dollars in the previous session, and the dollar bought 103. 60 Japanese yen, higher than 102.67 yen of the previous session.

The Ranger R710 Rim Clamp Tire Changer Machine Review

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GEOPOLITICAL AGENDA CAUSES SUSPICION FOR TPP

The TPP has been envisioned as "a high-standard, comprehensive and forward-looking trade agreement that aims to address the challenges of the modern economy."Termed as "the agreement of the 21st century" by its proponents, the TPP is very ambitious. When negotiations have concluded,modern lighting it could potentially create a free-trade bloc that will comprise some 40 percent of the global economy, according to leading economists.It aims to reduce tariffs on goods and services to close to zero among disparate economies, and address issues beyond traditional trade and investment, such as labor and environment standards, intellectual property and competitive advantage of state-owned enterprises.As the leading drive force for the negotiation, the United States has insisted on addressing all these so-called 21st century issues, and asked its TPP partners to commit themselves to a high- standard agreement.However, different economic interests and diverse levels of economic growth inevitably make the negotiations very difficult from the very start.Given the complexity of the pact and the political pressure governments face in winning domestic approval, most analysts had long viewed the goal of cutting a deal by the end of this year as unrealistic. They predict that hard haggling lie ahead even in late January next year.

In a recent interview with Xinhua, Sarah Tong, senior research fellow at the East Asian Institute of National University of Singapore, compared TPP with Regional Comprehensive Economic Partnership(RCEP), the free trade pact among 10 ASEAN countries and its FTA partners of Australia, China, India, Japan, South Korea and New Zealand to be concluded by the end of 2015.She noted that the RCEP comes to economies in the Asia-Pacific region as something more natural and something easier to understand, which offers members tangible benefits in such spheres as supply chains and regional economic integration.As economies in the region have achieved a lot in bilateral trade pacts and regional economic integration, what they need to do is further integration, namely to add all things up and, in the process, address the inconsistencies, she said.By comparison, TPP seems to have taken a top-down approach, in which objectives are set first, then deduction is performed to leave out what is unattainable at the moment or allow members to opt out of some of their obligations. Therefore, TPP faces much greater difficulties,nitrogen generator & inflator machine she added.To John Franklin Copper, professor emeritus of international studies at Rhodes College, Memphis, Tennessee, TPP differs from other trade arrangements in that it aims at fair trade or management of trade, instead of merely dealing with free trade."The TPP seems to be trying to regulate trade, and more regulate financial transactions and things that are connected to trade somehow."

TPP is widely believed the economic pillar of U.S. President Barack Obama's pivot to Asia, which, with its pronounced military presence in the region, has led to increased suspicion over its intention. Some western media put it more bluntly as "having the political purpose of countering the growing influence of China."Lisa Brandt, trade policy analyst at the European Center for International Political Economy, said in an article that TPP would have economic benefits. But it is also underpinned by geopolitical ambitions."The United States is keen to promote stability in the region and establish a set of rules that can serve as a future template for international economic relations."Her views were echoed by Professor Copper, who noted that TPP is viewed by some as part of the Asian pivot."Since the Asian pivot is really a strategic idea, of the military thought. It means it's missing the economic aspect to it. And the TPP is the economic side..amino resin.Some said that the Asian pivot will not work without TPP."However, Many Asian economies are reluctant to choose sides between major powers in the region. When geopolitical consideration outweighs economic reality, TPP would lose appeal to its potential members. As Professor Copper noted, "Asians do not think of balance of power as the United States do...They are thinking of it more in economic terms than military power relations."

Facebook Is A Fundamentally Broken Product That Is Collapsing Under Its Own Weight

"I would expect that next year, people will share twice as much information as they share this year, and [the] next year, they will be sharing twice as much as they did the year before," he said. The New York Times called it "Zuckerberg's Law," a playful homage to Moore's Law, named after Intel co-founder Gordon Moore, who said, "The number of transistors incorporated in a chip will approximately double every 24 months."In 2011, Zuckerberg reiterated his theory on sharing, saying that it was still growing at an exponential rate.And Zuckerberg is right about that.But the exponential growth of sharing may not, actually, be helping Facebook. And with the explosion of dedicated mobile sharing apps, the industry may be evolving in ways that Zuckerberg never foresaw.Specifically, Facebook is now trying to cram so much "sharing" through a single service that it is overwhelming many of its core users. Meanwhile, companies like Snapchat, WhatsApp,tire changer WeChat, Line, Twitter, and Instagram (which Facebook owns), are now cleaving off types of user-sharing that Facebook would like to have owned.The amount of sharing that Facebook is trying to cram through its News Feed is now starting to turn into a problem for Facebook, argues freelance analyst Benedict Evans. We spoke with Evans last week about mobile messaging apps and Facebook, and he had a very pessimistic view of the latter.In August, Facebook revealed that "every time someone visits News Feed there are on average 1,500 potential stories from friends, people they follow and Pages for them to see, and most people don’t have enough time to see them all. These stories include everything from wedding photos posted by a best friend, to an acquaintance checking in to a restaurant." 

Let's say the average Facebook user is awake for 17 hours a day. To consume all that stuff, they would take in 88 new items per hour, or 1.5 things per minute. That's just not possible.Facebook knows it has a problem. It planned a major redesign that gave users more control over the News Feed. But it was scrapped when the first batch of users showed low engagement with the new design.It's also talking about trying to tweak what stories show up in your News Feed to cut back on what it considers to be low-quality content.To Evans, this is evidence that Facebook's core product, News Feed, is "broken.""The problem they’ve run into, the problem of sharing, of Zuckerberg's law," says Evans, "is that the News Feed has turned into a black hole and collapsed under its own weight."Facebook started off as a place to keep track of what your friends are up to, but because there's so much stuff flowing through the News Feed, you could easily miss what your friends are doing. He points out that today, you could post that you're getting married, but only half of your friends might see that posting because of the News Feeds' algorithms."That’s a product problem," says Evans. "There's so much noise in the News Feed,Household scissors they broke the product." Facebook can come up with algorithms to surface the best material, but Evans says it's just "a hack." The deeper problem is that the "underlying product is broken.uv resin"Evans presents an analogy to explain Facebook's New Feed problem: "If you have 1,500 emails coming in every day, you wouldn't say, 'I need better algorithms.'"But, Zuckerberg's Law suggests we're not getting rid of anything on Facebook. Instead, we'll have more stuff. By this time next year we could have 3,000 posts, links, videos, status updates, etc., all flowing through the News Feed. It's a struggle to sort through 1,500; how will Facebook deal with sorting through 3,000?

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Verizon LTE getting AWS upgrades, even as execs admit to some performance 'hot spots'

Verizon Wireless Monday continued to maintain that it has the "largest and most reliable 4G LTE network" in the U.S. despite the recent admission by some company executives of some dents in the armor.Verizon Communications CEO Lowell McAdam told analysts a week ago that "there are certain hot spots that, frankly, the network hasn't performed at the level that we would like it to." In October, Chief Financial Officer Fran Shammo acknowledged that Verizon's 4G LTE network had "a little bit of a speed issue" in New York, San Francisco an Chicago,China visa service forcing the company to revert some customers to 3G speeds that can be 10 times slower than 4G.Clawfoot tub accessoriesRoot Metrics, which compares network performance of various carriers, detected a 20% cut in Verizon data upload speeds in Chicago and San Francisco from the first half of 2013 to the second half, said CEO Bill Moore.All other measures, including downloads, email, Web searches and texting, Verizon's performance was the same in the first and second halves of this year.Moore said in an interview that the latest Root Metrics findings should not lead any smartphone user to "lose sleep or to consider switching providers." He said there's an "ebb and flow" of network speeds as carriers, like Verizon, add new technology.

Verizon spokesman Tom Pica Monday described to Computerworld how the carrier is beefing up speeds over the carriers LTE network, which began rolling out about three years ago. The network is now deployed in more than 500 cities in 50 states, accessible to some 303 million people, according to a recent Verizon blog post. Fully two-thirds of all Verizon Wireless data traffic now rides on its 4G LTE.Verizon's goal is to make the LTE speeds for all its customers range from 5 Mbps to 12 Mbps on downloads and 2 Mbps to 5 Mbps on uploads.wheel alignerVerizon has launched a major upgrade program -- adding the AWS (Advanced Wireless Services) spectrum which Verizon first acquired from cable companies in 2012 -- to help with data demands in major cities.The AWS spectrum uses 1700 MHz for uplinks and 2100 MHz for downlinks tied into Verizon's earlier use of 700 MHz spectrum for LTE.AWS requires an AWS-ready smartphone, including the Verizon-sold Samsung Galaxy S4, Apple's iPhone 5C and iPhone 5S, along with the Droid Maxx, Ultra and Mini. Pica said a coming software upgrade will increase the list of AWS-ready smartphones and that 20% of Verizon LTE devices with be able to use AWS by year's end.Moore said Root Metrics has done LTE testing on a non-AWS phone over Verizon networks in New York City and found that speeds there have improved slightly in specific cell areas where AWS was added. He theorized that the addition of AWS is taking capacity pressure off of the older LTE network.

Economic miracle or stopgap people pleaser?

Japan's concerted efforts to escape from the doldrums of decades of deflation and reduce its public debt burden at twice the size of the nation's economy have been packaged into a well-publicized policy initiative spearheaded by Prime Minister Shinzo Abe and dubbed "Abenomics."The three-pronged strategy to kickstart the world's third- largest economy has involved massive amounts of fiscal stimulus and moves by the central bank to ease monetary policy to fortify expenditure by multi-sized corporations and emerging enterprises here, as increased deregulation has sought to encourage more investment in "special zones" by making more capital available to startups and businesses looking to relocate to, or expand in Japan.Investor optimism and appetite has been lifted to a degree on the back of the government's fiscal moves in twine with the Bank of Japan (BOJ) and has been reflected and bolstered by a relatively bullish stock market and underpinned by a consumer price index which indicates the nation is moving in the right direction away from deflation, as consumer costs chart an upward trajectory.But the road ahead remains a potentially fraught one for such an aggressive policy initiative, with the central bank under intense pressure to hit the government's 2 percent inflation target in 2014,knife sets meaning the BOJ will almost certainly have to roll out further fiscal stimulus measures to engineer the achieving of this target,MB STAR or risk losing investor confidence at a precarious time, as Abe seeks to hike the sales tax from 5 percent to 8 percent in April 2014 and to 10 percent a year later."But the questions on all economists' lips are, 'Is the embryonic uptick sustainable, have the right mechanisms been put into place to cushion the inevitable toll the tax hike will take and will Abe's third arrow -- structural reform -- the most critical prong in the Abenomics approach, be achieved in a pragmatic and sustainable manner to underpin the entire economic reformatory process?'" Sinclair said.

Sinclair intimated that the first two prongs of Abe's approach seemed to be hitting their targets, with massive amounts of quantitative easing being somewhat successful in buying up government debt and helping reverse the nation's decades-old deflationary cycle,garage equipments as well as weaken the yen and give a lift to export-dependent Japan, which relies on a weak yen to boost profits made overseas when repatriated into the Japanese currency.He added, however, that the realization of structural reform would be where the true miracle lies and, as yet, this remains to be seen.Abe's has embarked on an ambitious plan to revamp Japan's healthcare industry, energy industries and the IT industry in a bid to ensure a sustained economic growth through the waning effects of quantitative easing and beyond the inevitable downturn sparked by an increase in consumption tax that will curb consumer appetite to spend in the short term.Other endeavors include plans to augment engineering companies' abilities to export nuclear and high speed train technology abroad, as well as actively increase the number of female workers that comprise Japan's soon-to-be-dwindling labor force.The latter, recently dubbed "Womenomics," reflects a growing belief that female workers could be the key to the success of Japan's economic future.Abe has publicly stated that females in this country are Japan' s most "underused resource" and this demographic must be tapped for the future good of the country's economy.For this to happen there needs to be a huge ideological shift, right through the core consciousness of Japan Inc. -- the traditionally conservative domain of men -- and the lure of managerial-level positions in companies for women for this to take place. This, however, could be a paradigmatic shift in Japan's workplace that some economists and sociologists think could take decades.