Saturday, December 31, 2011

Recommended Resource ? Finance Without Fear | StrategyDriven

29 Dec 2011

Finance Without Fear: A Guide to Creating and Managing a Profitable Business
by William S. Hettinger and John Dolan-Heitlinger

About the Reference

Finance Without Fear: A Guide to Creating and Managing a Profitable Business by William S. Hettinger and John Dolan-Heitlinger unveals the mysteries of financial statements in this easy-to-understand, example filled book. William and John arm leaders with the knowledge of what is in each financial statement, how statements relate to each other, and, more importantly, how business operations impact reported financial outcomes.

Benefits of Using this Reference

StrategyDriven Contributors like Finance Without Fear because it imparts the appropriate level of financial report understanding needed to be a successful executive or manager while not requiring the reader to be a CPA. Additionally, the illustrative examples relating business operations to financial statements clearly conveys the relationships and importance of strategic and day-to-day decisions to the financial well-being of the organization.

StrategyDriven Contributors believe it is vitally important for all executives and managers to understand how operational decisions impact financial performance and its conveyance in financial statements. Likewise, it is critical that these leaders be able to draw conclusions about business operations from their financial statements. While newly ascending managers may not have this knowledge, they should seek and be provided this information early in their management careers. Finance Without Fear can be used to impart such knowledge; making it a StrategyDriven recommended read.

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Source: http://www.strategydriven.com/2011/12/29/recommended-resource-finance-without-fear/

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Japan: Kashima Antlers Nike shirts 2012

Japanische Club Kashima Antlers haben ihren neuen 2012 Nike Shirts gestartet. Der Club ist in Kashima basierte und da die J-League der Gr?ndung, werden sie als Japans erfolgreichster Verein mit 7 gewonnen Meistertiteln werden.

Kashima Antlers Nike Shirts 2012 300x123 Japan: Kashima Antlers Nike shirts 2012

Die neue Kashima Antlers Heimtrikot ist haupts?chlich rot mit dunkelblauen Details. Es hat einen runden, blauen und roten Kragen. Das neue Ausw?rtstrikot Design verf?gt ?ber ein blaues Hemd, die diagonal ist mit dem oberen Teil des T-Shirt mit blauem Streifen w?hrend der untere Teil des Hemdes ist einfach blau aufgeteilt.

Schlie?lich nutzt der Verein die neue dritte T-Shirt das gleiche Design wie das der weg Shirt ist aber haupts?chlich wei? mit blauen Streifen.

Lixil, Club Sponsor hat sein Logo auf der Oberseite mittleren Teil des T-Shirt mit dem Spieler Nummer featured gerade unter.

This entry was posted in fussball trikots 2010 2011 and tagged Japan: Kashima Antlers Nike shirts 2012. Bookmark the permalink.

Source: http://www.fussballtrikots1.com/blog/2011/12/japan-kashima-antlers-nike-shirts-2012.html

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North Koreans' Tears, Sadness Upon Kim Jong Il's Death (Time.com)

Ever since North Korea announced the death of Kim Jong Il, the wailing has come nonstop. From the woman in black on television, who announced that the Dear Leader had slipped these surly bonds of earth, to those who have gathered daily since then to moan and wail and beat their chests in agonized sadness, the North Koreans have shown that they do public grief better than anyone else.

And make no mistake: they have just begun to weep. On Dec. 28, when Kim Jong Il's funeral takes place in Pyongyang, the masses will be bawling and howling. They'll cry like few men (or women) have cried before. As the rest of the world has watched these scenes, most people are asking a very reasonable question: Are these people nuts? (See photos of Kim Jong Il lying in state.)

After all, it's not as if they had been living somewhere else when tens if not hundreds of thousands of their fellow North Koreans died of starvation in the late 1990s, the direct result of the ludicrous economic policies put in place by the Dear Leader. They walked past the corpses every day. "Everyone knew what was going on," says Kim Shin-yong, who defected from the North in 2002. Nor are they unaware that thousands of others have been flung into the country's notorious political prisons, many for no other reason than being related to somebody who had somehow offended the regime. Yet out they've come, crying their eyes out for a leader who is a sure-shot first-ballot entrant into the Despots Hall of Fame.

Why do they do it? The answer, as is usual in the Democratic People's Republic of Korea (DPRK), is complicated. Many psychologists who view these scenes from afar consider them legitimate. Raised in isolation and fed an unrelenting diet of personality-cult-driven propaganda for their entire lives, a people can feel rudderless and grief-stricken when they hear that Kim has joined his late father, the Great Leader Kim Il Sung, in the afterlife. Scott Atran, a psychologist at the University of Michigan, notes accurately enough that the people of North Korea were told from Day One that virtually everything they have came from the Dear Leader, "and they have no alternative form of reality." And mass grief, though particularly intense in North Korea, isn't wholly unique. Chinese of a certain age recall that when Mao Zedong died in 1976, many Chinese were shocked into tears that the father of their country was no longer with them.

But as Jane Bolton, a psychiatrist, wrote last year in Psychology Today, "a lot of misunderstanding happens around the act of crying," and in North Korea, is that ever true. There are reasons other than grief that enter into play that, to put it politely, would not be a factor elsewhere. Cheong Seong Chang, a longtime North Korea watcher in Seoul, notes that mid-level party officials, if they are seen to be wailing louder than co-workers, "might get promoted." (See 10 things you didn't know about North Korea's new leader Kim Jong Un.)

And it's what happens to that other guy -- the guy stupid enough not to be wailing in public -- that provides the real motivation. Scholars of the system in North Korea say that if you are out and about and happen upon a group of criers, you'd best be seen crying too -- particularly if there are cameras rolling. As Lee Sung Yoon, a researcher for the National Asia Research Program, told CNN recently, "If you're not devastated by the news, you might get in trouble."

North Korean defectors say you can eliminate the might from that sentence: the country, they claim, has a network of domestic informants that makes the old East German Stasi look like amateurs. The fact that the Dear Leader could preside over a famine like the one in the '90s and not have the regime even wobble shows just how tight a grip the government has on its benighted population.

The question -- almost unknowable from the outside -- is, What happens behind closed doors? Are the Koreans still crying? North Korea watchers observe that there is less intensity to the public displays of grief this time than when Kim Il Sung, the founder of the DPRK, died in 1994. They further note that the population is not quite as ignorant of the outside world today as it was back then. Modern technologies (cell phones and DVDs from South Korea and China) find their way into the country these days. Thousands defected in the wake of the famine, and many figured out ways to get messages back to friends and relatives about what life is like in China -- or in South Korea, if they are lucky enough to make it that far. (See pictures of the busy life of Kim Jong Il.)

Still, clues about what North Koreans actually think are maddeningly elusive. You take them where you can and try to fit them into the puzzle. Consider this: I spent a few days visiting a new university just outside Pyongyang about two weeks before Kim Jong Il died. The school is attended by elite kids, many of them connected to senior levels of government or the military. Some of the faculty and administration of this experimental new school -- all of whom are foreigners -- were on campus when the announcement of Kim's death came. I asked one person how the students had reacted to the news. Was there wailing, gnashing of teeth, rending of garments? "They were quiet, definitely," this person said. "But there was no crying."

None? "No. None that I saw."

Which was a relief to hear. The kids who attend this school are anything but stupid. They know a bit about the outside world, but they are also very much products of the regime. That there wasn't a damp eye in the house is not, frankly, what I was expecting to hear. Remember that the next time you see news footage of what one friend of mine in Seoul calls "the great North Korean wailing contest." Not everything is as it seems in North Korea, and they're not as nuts as they look.

See TIME's 2011 Person of the Year: The Protester.

See TIME's Top 10 Everything of 2011.

View this article on Time.com

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Source: http://us.rd.yahoo.com/dailynews/rss/nkorea/*http%3A//news.yahoo.com/s/time/20111229/wl_time/08599210315800

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Feds chasing fast-moving Hollywood arsonists

The federal Bureau of Alcohol, Tobacco, Firearms and Explosives has joined California fire investigators searching for arsonists torching cars at the height of arson season: New Year's. More cars burned Saturday morning.

New Year's is high time for serial arsonists, research shows, and Hollywood firefighters are seeing that phenomenon first hand as they chase potential copy-catters who continued to set cars ablaze Saturday morning.

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Since Thursday, suspected arsonists have set at least 30 car fires in a compact area of densely-developed Hollywood and West Hollywood, including around the famed Laurel Canyon area, where a car parked in front of a home once occupied by the late Doors' frontman Jim Morrison burned Friday morning, setting part of the home aflame.

Police say they have two people in custody, but the fire-setting continued Saturday morning.

Fire officials said the fires could be the work of a serial arsonist or a copycat culprit traveling between scenes on a motorcycle or even a bicycle. Saturday's fires came even as the fire department urged locals to keep their eyes open and stay vigilant.

So far, investigators have scant evidence to go on, as the perpetrators have for the most part appeared to have avoided video surveillance cameras. A $35,000 reward has been posted to entice residents with information about the fires to come forward.

While no one has been hurt, several homes and carports have sustained serious damage, raising the alarm at the federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), which has sent agents to Hollywood.

Arson studies show that the majority of arson fires are set by thrill-seeking youths, even as the number of arson cases in larger US cities declined by 13 percent from 2010 through the first half of 2011, according to the newest FBI crime statistics. The numbers of arson fires historically goes up as a new year beckons, according to the US Fire Administration.

Given its long history of destructive wildfires, California is well-positioned to track arsonists. It has spearheaded the implementation of a national arson registry, similar to the sex offender registry, to track people convicted on arson charges after they're released.

Amid news that the car-burning rampage continued Saturday morning, Angelenos fervently debated what kind of perpetrators could be setting the fires. Some have speculated it's the work of homeless street people, while others have suggested eco-terrorism.

?I'm not even sure how it would be possible for a single individual to cover the area with a car ? it has to be two or more people working together,? suggested Los Angeles Times reader Adrianna Belle on the newspaper's website. ?These fires also seem too low-rent for the environmental terrorists, who, like most terrorists, want the most bang for their buck. If they ever blow [stuff] up, it's usually something big, like an entire dealer's lot filled with cars. Really, though, it's most likely one deranged individual with?a jones for setting fires. Even if they wanted help to stop a compulsion, where would they go??

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/J_ZLHKifz28/Feds-chasing-fast-moving-Hollywood-arsonists

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Jobless claims show labor market improving

By Msnbc.com staff and wire

New claims for jobless benefits jumped for the first time in four weeks, the government reported Thursday, but the overall trend for the labor market remains positive going into the new year.

The Labor Department said?seasonally adjusted initial claims rose 15,000 to 381,000 in the week that ended Dec. 24, up from a revised 366,000 the prior week.The four-week moving average, considered a more accurate gauge of labor market trends, fell 5,750 to 375,000, however.

Despite the increase in the latest week's data, jobless claims remain below 400,000, a key signpost for economists showing that layoffs have tapered off, although hiring still is lackluster.

"We've seen a pretty strong trend in claims recently. This finally shows they're correcting to a sustainable downtrend," Gennadiy Goldberg, interest-rate strategist at 4CAST, told Reuters.

Hiring has improved in recent months. Employers have added an average of 143,000 net jobs a month from September through November. That's almost double the average for the previous three months.

Next year should be even better. A survey of 36 economists by the Associated Press this month found that they expect the economy will generate an average of about 175,000 jobs per month in 2012.

More small businesses plan to hire than at any time in three years, a trade group said earlier this month. And a separate private-sector survey found more companies are planning to add workers in the first quarter of next year than at any time since 2008.

In November, the unemployment rate fell to 8.6 percent from 9 percent. Still, about half that decline occurred because many of the unemployed gave up looking for work. When people stop looking for a job, they're no longer counted as unemployed.

The pickup in hiring reflects some modest improvement in the economy. Growth will likely top 3 percent at an annual rate in the final three months of this year, economists expect. That would be better than the 1.8 percent growth in the July-September quarter.

Still, Europe is almost certain to fall into recession because of its financial troubles. And without more jobs and higher incomes, consumers may have to cut back on spending. Both could drag on growth next year.

Congress removed one potential threat last week when it agreed to extend a payroll tax cut and to keep emergency unemployment benefits for two additional months. Both programs were scheduled to expire at the end of this month. Economists worried that ending the tax break and the extended unemployment benefits program would have left Americans with less money to spend.

The Associated Press and Reuters contributed to this report.

CNBC's Rick Santelli analyzes this week's jobless claims, coming in at 381,000 - up 15,000 from last week. Santelli also weighs in on currencies, specifically the euro vs the dollar.

Source: http://bottomline.msnbc.msn.com/_news/2011/12/29/9797222-jobless-claims-show-labor-market-improving

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Oil Prices Ready for Annual Gain in Spite of Slip Today

Excerpt from:??CFDs & Spread Bets
.
December 30, 2011

Spread bets and CFDs on oil prices

Oil prices are losing ground today, but it is quite likely that the commodity will close out the year with a gain. Risks to oil demand on a global scale are being considered as the eurozone's problems indicate slowing growth. Additionally, developments in Iran could affect global oil demand.

So, even though gold prices (equities are mixed) and the US dollar is lower, oil prices are struggling today. This is not a normal state of affairs, since oil normally moves in tandem with gold prices and inversely to the greenback.

For now, oil prices are weak. However, if the US economy shows recovery and picks up, that could mean better oil demand. And, of course, if Iran does disrupt supplies, it could mean higher prices due to increased scarcity. It looks to be an interesting few days for oil prices once the new year begins.

Topic Tags: ?CFDs, gold, Iran, oil prices, Spain, spread bets, spread betting, US dollar


Source: http://blog.gftuk.com/public/item/272432

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