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Tracked by: 0 Boarder
Poverty still plagues U.S. cities: survey
WASHINGTON (Reuters) - Most U.S. mayors and city officials say poverty is a growing problem, with many families unable to get by, according to a survey released on Monday.
Some 90 percent of city officials in the National League of Cities survey of mayors and leaders of towns of 30,000 people or more say that during the last decade poverty rates have either increased or stayed the same in their towns.
About a third of those participating consider poverty "a severe or serious problem" in their cities.
"More than four decades after the United States government declared `war` on poverty, the `official` 2008 poverty rate is 12.3 percent, not even 2 percent less than the 1967 figure of 14.2 per cent," the report said, adding:
"The federal poverty threshold, on which the national poverty rate is determined, however, is viewed as outdated by many, used since the 1960s and based on economic data from the 1950s based on food consumption being one third of one`s annual expenses."
Most respondents said the federal government`s poverty income threshold is significantly lower than what it takes to survive in their cities. While the federal government considers a family of three with an income below $17,170 impoverished, 30 percent of those surveyed said a family needs at least an income of $30,000 to get by in their cities.
Single-parent families, low-wage workers and senior citizens are most likely to be poor, and one-third of survey participants said that poverty is geographically dispersed throughout their cities.
While eight in 10 of those surveyed said that reducing poverty is a responsibility of city government, most also said that economic conditions beyond the cities` control are their biggest barrier to ending it.
...
In reply to:
One begger adds another beggar
Posted by :
sambala
Treasury, as part of swift implementation of bailout, issues interim rules on hiring of money managers and conflicts of interest. 
Tracked by: 6 Boarders
amarw........
If you predict raly of 2400 and sensex fall 2400....
Still you are there means you are not in stock market
but in LEISURE or any Multi plex...
Trade first and then take lossed on the stupid calls.
You will realise pain of those who follows such non sense calls....
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by :
amarawargaonkar
Dear Lalit,
Stock market is not for you better sit out and enjoy the fire works from the side.
Don`t blame kalidasji you probably only read the heading of the message and bought.
If you had read all the messages of Kalidasji you would have known how bearish he is on overall markets.
Aapla paisa aaple doke lavun bazaarat lavaycha ugach dusryachya navane boomb maru nay.
Regards,
Amarawargaonkar
Tracked by: 108 Boarders
How do you say bear market will end soon?
I think even price wise correction is not complete. We are still at PE 15 which is the __right__ PE. Neither too cheap not too expensive.
We will go to 2800-3200. Unless we go there, I do not think we can call ourselves bottomed out....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear Vicku,
Many thanks for compliments. Bear market is likely to
end soon. if it does in near future, then I will be able
to see the next peak very clearly with my EWT telescope.
As soon as I see the peak, I will start a new thread here
which may read like....................................
WILL NIFTY CROSS 7000 BEFORE 2009 END ?
Thanks again
Tracked by: 0 Boarder
Step 1: Instal a dartboard
Step 2: Secure the darts safely in your hand
Step 3: Blindflod yourself real tight (mae sure not a single ray of light can reach you)
Step 4: Take a blind shot at the dartboard
Result: You will beat the median expert poll with a proability of 0.793 :-)...
In reply to:
3600 gone , what NEXT ? 2755 or 4405?
Posted by :
Lalitdeshpandey
Dear Boarders and Moderators,
Most popular and live thread ,WILL Nifty Hit 3600 and Sensex 12000???
now 3600 gone , what NEXT ??
2755 or 4405 ?????
It would be of much help if few of experts can post their logical views.
(Views backed by TA or Logic )
I reuest all experts to share, including MMB Team, Udayan Mukherji, Emkay stock and most popular NIFTY MASTER, Kotak Investments...
Thanks,
lalit.
Tracked by: 108 Boarders
Dear raj_tibs,
Thanks for the quick response. Actually the long options are available in Indian infoline trader terminal but not on ICICI Direct. I am somehow not very comfortable with India infoline, that is why I enquired.
Regards....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
Dear Osteoporous,
Just guessing.. you need to have the contract notes... Each FnO contract you enter into is unquely identified by the NSE! So i guess some redress should be possible.. If not with NSE, in the court of law.
Regards,
Tracked by: 0 Boarder
Dear Boarders and Moderators,
Most popular and live thread ,WILL Nifty Hit 3600 and Sensex 12000???
now 3600 gone , what NEXT ??
2755 or 4405 ?????
It would be of much help if few of experts can post their logical views.
(Views backed by TA or Logic )
I reuest all experts to share, including MMB Team, Udayan Mukherji, Emkay stock and most popular NIFTY MASTER, Kotak Investments...
Thanks,
lalit....
Tracked by: 0 Boarder
Treasury, as part of swift implementation of bailout, issues interim rules on hiring of money managers and conflicts of interest....
In reply to:
One begger adds another beggar
Posted by : sambala
Citigroup discloses complaint against Wachovia, Wells Fargo, seeks more than $60 billion in damages.
Tracked by: 108 Boarders
Watch Fuld getting ragged (rapped? raped?!!) by the US lawmakers :-)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear fmcgbites,
Look at Gold market now, probably you will understand the GAME better!
Those TOM and HARRY were not BUYing all stocks when market was around 6000.
Those TOM and HARRY have hoarded those stocks when market was around 2000-3000 level. Then they PUMP the market to higher level knowing fully well about sub prime crisis in Apr 2007. :):)
That is one of the favourite way of making MONEY... PUMP and DUMP!
Gud luk & happy investing! :)
Tracked by: 0 Boarder
Citigroup discloses complaint against Wachovia, Wells Fargo, seeks more than $60 billion in damages.
...
In reply to:
One begger adds another beggar
Posted by : sambala
Citi: Wells Fargo blocked from buying Wachovia
NEW YORK - The fight over control of Wachovia intensified Saturday, as a judge temporarily agreed to block the sale of the bank by Wells Fargo, Citigroup announced in a news release
State Supreme Court Justice Charles Ramos issued the order blocking the sale of Wachovia Corp., which Wells Fargo & Co. had agreed to purchase in a $14.8 billion deal.
Citigroup Inc. accused Wells Fargo of trying to cut off its earlier takeover offer of Wachovia`s banking operations for $2.1 billion in a deal struck with the assistance of the Federal Deposit Insurance Corp. On Friday, four days after that deal was struck, Wells Fargo said it was buying Wachovia.
The litigation pits two of the largest remaining financial institutions against one another as the ongoing credit crisis leads the federal government to arrange marriages and sales among banking entities.
Wells Fargo, Wachovia and Citigroup did not immediately respond to messages left late Saturday seeking comment about the temporary order blocking the sale.
The FDIC said Friday that it "stands behind its previously announced agreement with Citigroup." It also said it would review all proposals and work with regulators of all three institutions to resolve the tug-of-war.
Citigroup says it has an exclusivity agreement that bars Wachovia from talking with other potential buyers. Its shares fell sharply after the surprise announcement of the Wells Fargo-Wachovia agreement.
Tracked by: 108 Boarders
Dear Osteoporous,
Just guessing.. you need to have the contract notes... Each FnO contract you enter into is unquely identified by the NSE! So i guess some redress should be possible.. If not with NSE, in the court of law.
Regards,...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : osteoporous
Dear raj_tibs
I have a query on the long contracts. In the present financial turmoil 3 years is quite a long time. What happens if the brokerage firm through which I bought a 3 yr long option does not survive? How are the investor s interest protected in such a hypothetical (but probable) case? Could you throw some light?
Thanks & regards.
Tracked by: 108 Boarders
Dear BSR,
Quote:
Latest BS views say Limited Downside and Sharp Upside Movements! :)
Let us hope better sense prevails among those Big Players!
Unquote:
If the BS views are saying limited downside and sharp movements means That markets will bedoing the opposite ... is that correct..?
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear fmcgbites,
Latest BS views say Limited Downside and Sharp Upside Movements! :)
Let us hope better sense prevails among those Big Players!
Firm Support for Nifty around 3450 just like 9800 currently for DOW!
Those FIIs just need to stop that MAD SELLing for one or two days to get those Swift Movements!
Gud luk & happy investing! :)
Tracked by: 108 Boarders
Hi shakti,
The day Nifty lifts 200 points and dow 300 points, I will
take it as a signal of new Bull race. That day, I will start
a new thread and close this one....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
shakal140
Yes, both targets achieved...close the thread
atleast now, pray the markets go up!!
Tracked by: 108 Boarders
Dear Hsnmf,
My god, How come you made these losses, is it entirely in F & O ? or in Cash segment also..?...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hsnmf
My losses since January 2008. I don`t know what to do......
(75,996.59) September
2,001.97 August
31,590.12 July
(102,509.70) June
(37,439.67) May
39,519.15 April
(68,353.29) March
(13,233.85) Feb.
(118,205.02) Jan.
(342,626.87)
Tracked by: 108 Boarders
Dear raj_tibs
I have a query on the long contracts. In the present financial turmoil 3 years is quite a long time. What happens if the brokerage firm through which I bought a 3 yr long option does not survive? How are the investor s interest protected in such a hypothetical (but probable) case? Could you throw some light?
Thanks & regards....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
BSR,
Just formulated my strategy if it falls further..
I have some sold 4300 puts (jun 2010) that are highly illiquid (sold long time back).
I think i will defend them.
So i am planning to pick 5 nifty stocks, and invest about 2-3 times my notional losses over the next few months (and use those shares as margin)...
Also hoping, that within 2 years, will get an opportunity to use the flip cash to 2 lots of futures strat...
What are your views on the stratgy (given that the puts i sold was a bad decision)
regards
Tracked by: 0 Boarder
NOW SEBI chief is acting in haste...THE FM `s yes man -sebi chief and gov RBI are TAKING A DANGEROUS MOVE. again allowing inv thru P -note and hiking crr is not good idea. at least on one front we were heading in right direction- taming inflation slightly...that will again rise. WE need some very good economist like for gov REDDY and
PM manmohan sg to come togather leaving aside CHIDAMBRAM AND THE NEW GOV RBI who seem to hv little exp in these dire situation....
In reply to:
CAPITAL PRESERVATION !!!
Posted by : ravipratap61
I have certain observations:
experts:do not time the mkt(WRONG)
FACT:time the market
experts: buy good company at any price(wrong)
FACT: even midcap at low price will give better return and even larsen,ABB,siemens,ril,sbi IF bought at 21000 will not give u any return in five years.
EXPERTS: invest in SIP(wrong)
fact : investments at low mkt will give u always far better return than SIP.
EXPERTS :invest for long term(wrong)
FACT: always get in at better valuaion and enter at low valuation and make money. THIS may happen in a year in a mnth or EVEN A DAY .
WHY WAIT FOR 2-3 YEAR WHEN U R CERTAIN OF PROFIT IN A DAY OR MONTH.
EXPERTS:buy good company and stick for 2-3 years( wrong)
FACT: scenerio changes so rapidly that in months industry outlook changes. real estate was hot now ice cold, IT was solid getting stone,
banks under danger...suddenly maruti and hero honda flying...so ride the wave and make money and get out quickly or u will be holding a dead chicken.
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