3.27 Eurozone industrial orders dropped 34% in January. The most on record. Hong Kong exports dropped 23% in February, and 21.8% in January. US unemployed rose to a record 5.56 million.
April, 2009
4.08 Family Dollar rose 33.3% to 1.992 billion.
4.09 Canada trade surplus 3.4 billion. UK February exports 18.9 billion pounds, imports 26.2. Bank of England interest rate 0.5% since 10.08. Japan may announce $154 billion stimulus package. Bank of Korea freezes interest rates at 2%. Japan automakers increase 2-10%. Swiss Bank decreasing work force from 76,200 to 67,500 in 2010. German wholesale prices dropping 1% per month.
4.15 Li & Fung, a Wal-Mart supplier, dropped 10%. Ebay selling Skype. CSX share earnings drop from .85 to .62. 1st quarter drop, 17% to 2.25 billion. US job claims 610,000 for week ended April 11. ComScor said Google has 63.7% of US search market, Yahoo 20.5%, and MSFT 8.3%. March housing starts 510,000 with declines in multi-family units. Sony cuts 2,000 jobs.
4.17 Hilton acquired Starwood Hotels expansion info. Eli Lilly rose 5% in first quarter.
4.20 Bank of America first quarter net profit, 4.2 billion. Oracle Corp. buying SUN Microsystems for 7.4 billion or 5.6 billion net of Sun's cash and debt. Average UK house 222,007 pounds. Wells Fargo bought 2 insurance companies. Exxon Mobil moves above WalMart.
4.21 Caterpillar first quarter net loss $112 million compared to profit of 922 million in 2008. DuPont income 0.48 billion compared to 1.19 billion in previous quarter. Bank of Canada interest rate 0.5%. Japan's trade surplus 11 billion yen in March, 82.11 in February. US jobless claims for week ending April 19, 639,000 - 27,000 more than previous week.
4.24 Continuous claims 6.137 million. Oil inventories for 4.12 - 307.9 Mbbl.
4.27 BP first quarter profits down to 2.56 billion from 7.1 billion last year - dividends increased to 0.14 per share. USX net sales are one-half of a year ago.
From USA.gov website: GSA (General Services Administration) will spend $5.5 billion on over 250 construction projects in all USmillion regions. Purpose: Greening, jobs, reinvest in public buildings. Also building an Office of High Performance Buildings for $4 million. Since March 6 weekly amounts available from 16 billion to April 17 .69 billion were distributed and requested at 3.3billion to 14.2 billion. Total stimulus plan = $787 billion, of it 288 billion is for tax benefits, 55.5 billion is for is for making work pay tax credit. OM&B (Office of Management and Budget). 2 billion alloted to control crime and improve Criminal Justice System State 60% 1.2 billion, local 40% 800 million. Total available for highways $26,660 million: anywhere 17,862 million; urban 4,341 million; suburban 3,022 million; mandatory transportation enhancements 799 million; rural 634 million. Enhancements + sidewalks, bike paths, and beautification.
4.30 Platinum production 404,000 ounces from 613,000 1st quarter of last year. Bank of Japan rate 0.1%.
May, 2009
5.01 Jobless claims 631,000. Japan tobacco declined 6.5% Japan unemployment rate 4.8% in March. H1N1 virus infected 331 across 11 countries.
5.06 Crude oil inventory 374.7 million barrels. Las Vegas Sands reports loss of 0.14 per share.
5.07 Bank of England rate 0.5%. Total unemployment claims 6.35 million. Credit card loan decline 9.7%. GM revenues decline to 22.4 million from 42.4 million last year. ABC's This Week stated March jobless claims were 633,000.
5.08 US unemployment rate rose to 8.9% in April. Euro stocks raising 2-3% per day.Orient related stocks gaining 1-3% per day.
5.12 Most major companies dropped 8-10%. German wholesale prices drop 8%. Trade deficit widens from 26 billion to 29 billion in February. Ford offering 300 million shares of common stock for retiree healthcare trust and general expenses. BNY Mellon Bank offering sales of 1 billion of common stock using some of its proceeds to repurchase its prefered stock. Anadarko & Xerox offering 30 million shares for general expenses and it closed $750 million of senior unsecured notes due in 2014.
5.13 S&P banks index 127. GM tumbled 20.14 %. Petroleum reserves 375.3 billion barrels. Olympus, world's largest endoscope manufacturer rose 12.83% Hitachi tumbled 10.76%. Rising Australian companies start to lower. US is in the lead with the recession. Daewoo, Hyundai, and Samsung down 1.63, 0.2, 2.42 respectively. Companies selling shares to pay off debts. 3M selling 600 million common stock to its US defined pension plan completing contributions in 2009. Freddie Mac requesting 6.1 billion from US Treasury.
5.15 GM slips 4.96%, WalMart 1.86%. German GDP dropped 3.8%. French contracted 1.2%.
5.18 Eurostat Euro trade balance 0.3 billion euros in March, 1 billion euros in February, compared to a deficit of 2.3 billion euros last year.
5.19 AT&T showing weakness. Bank of America up 9.93%, GM up 8.28%, American Express up 7.84%, JP Morgan Chase up 6.73%, Home Depot up 6.64%, Caterpillar up 5.71%, Alcoa up 5.09%, Amex securities up 6.07%, KBW Bank up 7.53%, Philadelphia housing up 6.58%, Philadelphia oil service index up 5.41%, China stocks up 3-8%, Euro and GB indexes up 0.5 to 2.0%. American cos. dropped back to Monday's readings. London Stock exchange acquisited by Borsa Italiana. German producer price index April -1.4%, March 0.7%. Bank of England rate 0.5%. Producer price inflation 0.5%. Crude oil stockpiles 378.6 Mbbl.
5.20 'Gold usually moves opposite to the dollar because of its hedge appeal.' HP laying off 6,400. Deere sales down 17%. Target into a decline with sales increase. Housing starts very low.
5.21 Unemployment rate passes 9%. President Carter or Kennedy said it shouldn't pass 5% because it could create hardships. Jobless claims fell to 631,000 for week ended 5/16.
5.22 Japan's overnight call rate 0.1%. Unemployment 6.6 million compared to a 40-year average of 1.5 million and recession peak of 2.6 million. Housing starts 458, 000 with 40-year average of 1.5 million and recession low of 850,000.
5.26 US has loaned GM 45 billion who will also receive loans from Canada. Canada unemployment claims 65,300.
5.27 Consumer confidence in May 54.9. Nikon trimming work force by 1,000. Auto Zone advancing.
5.28 Market up, jobless rates decline. Jobless claims 623,000 for week of May 23. Continuing claims 6.788 million. Crude oil inventories368.5 mbbl. Japan jobless rate 5%. US consumer confidence 67.9.
June, 2009
6.1 The economy and most major stocks are improving dramatically. GM has filed for bankruptcy under Chapter 11 with 82.29 billion in assets and debts of 172.81 billion as of March 31. US and Ontario contributing 9.5 billion owning 12% of GM. Magna, a canadian auto parts maker is taking over Opel, the german division of GM. Goldcorp planning a private offering of about 750 million of notes due in 2014. Average UK house GBP155,600 in May. Prudential Financial selling 1.25 billion of common stock. Sun Trust Bank offering 1.4 billion as well as an offer to buy $1 billion of outstanding securities. Tenet Healthcare offering 450 million of notes due 2019. US will own about 60% of GM, the rest owned by UAW retiree healthcare fund, Canada, and some bondholders of the old GM. US putting 49.4 billion into GM. Chrysler operating under solvency. GM also selling UK's Vauxhall.
6.2 Nuke threat slows S. Korea's advance. Many US stocks rose 2-6%. Magna may also buy GM Saturn unit.
6.3 Dow 8,741, S&P/TSX 10,589, Nikkei 9,742, S&P/ASX4,017, Hang Seng 18,756, Sensex 14,871, Shanghai 2,779. Futures still on the decline. Some investors taking profits on the recent highs, but majority inclined to beleive the stimulus is working. Investors closely monitoring the volatile market data as 'Dow nearly breaks its 200-day moving average forming a 'Doji' (reversal candlestick pattern), and the 14-day RSI shows the index approaching overbought levels, and, Dow converges with Dow Transportation average, which the Dow theory considers a continuation of the trend.' Pending home sales rose 6.7%. Bombardier's first quarter net income was 158 million compared to 229 last year. Oil 67.54, copper 2.775, gold 976.50, crude oil reserves 363.1 mbbl.May unemployment fell by 532,000 jobs with revised decrease of 545,000 for April.
6.4 Dow 8,675, S&P/TSX 10,290, Nikkei 9,692, Hang Seng 18,418, Sensex 15,008, Taiwan 6,786, Jakarta 2,033. Bank of Canada interest rate 0.25%. Oil 67.80, gold 971. Japanese spending plunged 25.3% in first quarter following a 17.3% decline in last three months of 2008. Economists were expecting a 30% drop. Global rejection of the Manifest Destiny continues to erode the framework of the world's economy. New jobless claims 621,000 last week, continuing claims fell to 6.735 million.
6.5 Dow 8,750, Nikkei 9,768, S&P/ASX 3,971, Hang Seng 18,674, Sensex 15,104, Jakarta 2,079. Dow and S&P500 broke above their 200-day moving average, a good sign. Oil 69.50, Gold 982.30. Canadians lost 42,000 jobs in May. Unemployment rate 8.4%. Labor Department says US lost 504,000 jobs in April with unemployment rate of 9.4% in May. Magna's deal with Opel hindered by Opel's pension obligations.
News
ADVFN Friday, March 13, 2009
DOW 7,188.53, NASDAQ 1,43.45, S&P 500 752.66 Light Sweet crude 47.40
Time Warner appointed Google Inc Executive Tim Armstrong as Chairman and CEO of it's AOL unit replacing Randy Falco who along with President and COO Ron Grant plans to leave the company after a transition period.
Commerce Dept. said trade deficit narrowed to $36.0 billion, was 39.9 billion in December.
Canada trade deficit rose to C$993 million in January compared to 700,000 in previous month. India bank rates between 6 and 8%.
Chinese economy rising after Chinese Premier Wen Jiabao allocated 595 billion yuan for stimulus moves. Gold close to 1,000 per ounce.
ADVFN Thursday, March 12
DOW 6,978.58, NASDAQ 1,375.3, S&P 500 728.35
Dollar 97.48 yen, Euro $1.2828, Sterling $1.3851, oil under $43, gold over 900.
With imports stopped US Crude supply still rose 700,000 barrels, analysts expected 1m barrel decrease.
ADVFN Wednesday, March 11
Dow, 6990.69, NASDAQ 1384.67, S&P 500 730.67
Dollar Index fell to 88.627, Euro $1.2679, Dollar 98.70 yen, gold 895.90, Copper 1.68, silver 12.54.
US Light Crude $45.71, Global oil consumption per year 84.27 mb/y.
Contract value for 30 CS100 aircraft is about $1.53 billion or 51 million per aircraft.
Australia S&P/ASX500 3,244, All Ordinaries 3,199, Malaysia's KLSE 855, Singapore's Strait Times Index 1,505,
Taiwan's Weighted Index 4,760, S&P/TSX 7,880.41
ADVFN Tuesday March 10
DOW 6,797.54, NASDAQ 1,328.79, S&P 500 705.22, dollar sterling 1.3875,crude oil 47.07
S&P/ASX 200 3,184.50, Ordinaries 3,143.20, Nikkei 225 7,054.38, TOPIX 703.50, Hong Kong Hang Seng 11,694.05, South Korea KOSPI 1,092.20, China Shanghai 2,158.57, Singapore's Strait Times 1,485.75, Taiwan 4,671.02.
Dow Chemical bought Rolm & Haas (ROH) for 15.4 billion, now world's leading specialty Chemicals and Advanced Materials Company.
ADVFN Monday, March 16
DOW 7,267.70, NASDAQ 1,421.73, S&P 500 763.00 S&P TSX 8,366.42
Oil 46.25, Gold 930, Silver 13.22, Platinum 1,063.60, Sterling $1.40.
ADVFN Tuesday, March 17
DOW 7,210.60, NASDAQ 1,416.51, S&P 500 758.15,
S&P/TSX 8,348.68, German DAX 3,983, French CAC 2,742, Swiss 4,780.
Gold 916.50, oil 47.35, Nikkei 225 7,949, TOPIX 762, Japan METI 106.4, AustraliaS&P/ASX 200 3,452, Seoul KOSPI 1,164, $= 1,408.50, Hong Kong Hang Seng 12,878
America's oil stockpiles increasing, double expectation at 749,000 barrels.
ADVFN Wednesday, March 18
DOW 7,278.54, NASDAQ 1,454.56, S&P 500 768.05, S&P/TSX 8,365.63, Nikkei 7,9722, TOPIX 765, S&P ASX 200 3,446, Ordinaries 3,386, lt. sweet crude 48.14, Japan Bank 0.10%, KOSPI 1,170 Hang Seng 13,117, Fed. Fund Rate 0 to .25%,
IBM wants to buy Sun Microsystems, (JAVA) possibly $6.5 billion, oil inventory 749,000 barrels, looking for 1.2 million.
ADVFN Thursday, March 19
DOW 7463, NASDAQ 1,491.95, S&P 500 792.92, S&P/TSX 8,753.76.
Gold 950, Silver 13.27, copper 1.18, natural gas 3.70, crude oil over $50.
Fed pledges $1.27 trillion to Freddie Mac and Fannie Mae.
Asian oil $49.01, Nikkei 7,496, TOPIX 765, S&P ASX 200 3,480, Hang Seng 13,131, Shanghai 2,226, Singapore 1,585, Taiwan 5,036, Indonesia 1,342. China related shares up 2 - 12.55%. Jobless claims 646,000.
ADVFN Friday, March 20
DOW 7,425, NASDAQ 1,489.39, S&P 500 783.69, S&P/TSX 8,705.04.
FTSE (Footsy) 100 3,809.08, Tech Mark 1,106.82, FTSE 250 6,220.
Hang Seng 12,833, S&P/ASX 200 3,466, Ordinaries 3,405, KOSPI (Korea) 1,161.
Canada auto sales up 5.5% to 119,231 units.
Asian crude 51.61/b, Shanghei 2,281, Jakarta (Indonesia) 1,361, Singapore 1,597, Taiwan 4,962.
ADVFN Monday March 23
DOW 7,554.60, NASDAQ 1,508.30, S&P 500 797.27, S&P/TSX8,867.87, S&P/ASX 200 3,550, Ordinaries 3,483, Nikkei 8,215, TOPIX 792, Hang Seng 13,447, Shanghai 2,325, KOSPI (Korea) 1,180, Light Sweet Crude 52.66/b, Singapore 1,665, Indonesia 1,407, Taiwan 5,124, gold 947.50, US Purchasing 500 bn in toxic assets.
ADVFN Tuesday, March 24
DOW 7,675.10, NASDAQ 1,528.69, S&P 500 810.93, S&P/TSX 8,766.65.
FTSE 100 3,910.16, Tech Mark 1,129.66, FTSE 250 6,,,407.82.
Crude oil 53.54/b, crude inventory ^ 2 million barrels, motor oil 3.2 million.
Nikkei 88,488, TOPIX 813, Hang Seng 13,910, KOSPI 1,222, S&P/ASX 200 3,580, Ordinaries 3,517, Shanghai 2,338, Jakarta Indonesia 1,436.
AIG hearing set for March 25.
On March 25 Military Advanced Education announced Penn State World Campus, University Park, PA is one of the top "2008 Top Military-Friendly Colleges and Universities". ".....wherever they are in the world they can still be connected to Penn State through the World Campus." ".....Penn State has a long history of serving the distance needs of our military."
Penn State World Campus has 62 programs. The World Campus is the university's twenty-fifth campus. Penn State's Outreach serves more than 5 million people a year.
ADVFN Wednesday, March 25
DOW 7,808.43, NASDAQ 1,542.55, S&P 500 821.32, S&P/TSX 8,928.66.
FTSE 100 3,866, Tech Mark 1,123, FTSE250 6319.36.
New home sales rose 4.7% to an annual rate of 337,000. Expectations were it would fall to 300,000 from the 309,000 reported the previous month. Crude oil 53.98.
Nikkei 8,480, TOPIX 818, Hang Seng (Hong Kong) 13,622, Shanghai 2,292, Jakarta 1,423.
S&P/ASX 200 3,609, Ordinaries 3,546, Singapore 1,690, Taiwan 5,346.
ADVFN Thursday, March 26
DOW 7,794.26, NASDAQ 1,558.45, S&P 500 820.92, S&P/TSX 8,895.18.
German DAX 4,245, French CAC 2,891, Swiss 4,968, BSE Sensex 9,740, S&P/CNX Nifty 3,082.
US economy's worst performance since 1982 in last 3 months of 2008.
US Light crude oil 52.77, gold 936.70, Silver 13.44, copper 1.80.
ADVFN Friday, March 27
DOW 7,796, NASDAQ S&P 500 819.31.
German DAX 4,236, French CAC 2,863, Swiss 4,925, GBP $1.4444.
Nikkei 225 8,626, Hang Seng (Hong Kong 14,119, Gold $940.
Eurozone industrial orders dropped 34% in January, the most on record.
Hong Kong exports dropped 23% in February and 21.8% in January, alienating Wal Mart and Li &Feng.
US unemployed rose to a record 5.56 m. April's oil price 54/b.
ADVFN Monday 3/9/09
Euro $1.2641, gold 942.70, silver 13.23, copper 1.69
German DAX 3,620, French CAC 2,492, Swiss Market 4,289, Michelin 22.99 Euros
Dollar Index fell to 88.850 from 89.046 in late US trading
Icelandic government has taken over Straumur Burduras, the country's only remaining listed bank. The Icelandic Financial Supervisory Authority (FME) said it has closed the bank for business due to liquidity problems.
France Telecom 10.53 Euros US Light Crude $45.52, Oil for April deliver is $47.77 /b, Venezuela's oil minister visiting China presently supplying 300,000 bbl to China. China increased copper imports, stockpiling.
Russia unable to help their tycoons, stating it no longer has resources.
Capitulation point for 2008-40%. Lots of Short Sales.
March 23, 2009 Military Funeral Honors
This article is being rewritten. 3/31/09
With a shortage of available military personnel due to reduction of forces, the Mideastern War, and increased demand the Department of Defense acknowledged the Veteran Service Organizations (VSO) volunteer services for their members participation in Military Funeral Honors activities.
Several members of local VSOs completed the required AP3 training and received certification as authorized providers of Military Funeral Honors.
Firmscor News
March, 2009
Shop online at www.firmscorel.com/shop.aspx.
Issues
Finance and the Economy
The following article includes excerpts and reports from Dow Jones News, ADVFN Newsletter, ABC Round Table, and local news reports. It was prepared on Friday, March 6&7, 2009 by Vince Burke.
Sunday, March 1: Tax cut is favorable for 95 per cent of Americans; the stimulus bill was taking effect; and, 14,000 people lost their health care. The eminent commentator, Paul Harvey, passed away in his nineties.
Monday, March 2: DJIA 6905; NASDAQ 1093; S&P 500 716.70; 18.6 per cent this year, worst start to the year on record; AIG insurance gets an additional $30 billion, Citigroup $50 billion, and, Bank of America $45 billion. AIG stock is off 73% this year and 99% for the last twelve months. Spot Gold 954.50, Euro $1.2610, Dollar Y97.34 and C$1.28.
Tuesday, March 3: DJIA rose 60 to 6,823; Euro $1.265; Dollar Y98.07; UK Pound $1.41; and, Dollar C$1.28. AIG & HSBC suffer extreme losses. HSBC issuing $18 billion of discounted stock and it may be 12.58. Wall Street dropped to 9M per. GM, Ford, and Chrysler dropped 40 per cent. Australians are comfortable about decline. Bank of England announces it may purchase assets to strengthen money supply. Sweet crude oil is 41.57, after productivity dropped. US Oil Imports have fallen. US Crude inventories rose 900,000 barrels. Heating Oil rose to $1.19. Spain’s Iberdrola and Russia’s Inter Rao make energy deal for EU (European Union), Latin America, Russia, and the Commonwealth of Independent States. Australia Worldwide Exploration looking to buy in Europe, Australia, and New Zealand.
Wednesday, March 4: DJIA 6805; Euro $1.25; Dollar Y99.48; UK Pound $1.41; and, CHF (Swiss Franc) $1.18; and, C$1.30; and, Oil $43 a barrel. US lost 697,000 jobs in February, some estimate 640,000. Hungary Forint is dropping against the Euro. Hungary looking to buy government securities. Canada may require quantitative easing (government bailout). UBS Swiss Bank has new CEO. Heating Oil is $1.22. Vietnam buying Russian oil. US refineries reducing production in order to reach $40 target.
Thursday, March 5: GB Pound $1.40; Euro $1.25; DJIA 6,782; S&P 500 702.5; Dollar Y99.20; Euro Y124.10; Dollar CHF 1.18, C$1.286. GM and Ford dropped to $2.00 a share. Wal Mart jumped 51 per cent. It is believed, risk appetites are dampened by the Chinese premier not augmenting China’s $585 billion stimulus plan with China’s National People’s Congress. ECB (European Central Bank) target rate for 2009-10 is 2.0% but will still probably have to cut rates. ECB plans to purchase UK government securities (Gilts) up to GBP 75 billion, otherwise known as ‘printing money’. Crude imports down 100 million barrels a day. Bond yields move inversely to prices. A 2-year note is going for 0.92 per cent, and a 10-year note for 2.8 per cent. Claims for jobless benefits sank by 31,000 to 639,000 last week. BOE (Bank of England) rate approaching 0 (Zero) per cent. Promising to bolster economy in 2008 a CNY 4 trillion investment was announced. China again blamed for not having a stimulus package. The Treasury Department is auctioning $33 billion in 3-year notes on Tuesday, and on Wednesday, $17 billion in 10-year debt, and $10 billion in 30-year bonds on Thursday.
Friday March 6: US economy lost 4.4 million jobs since the recession began in December 2007 - half of the losses occurring in the last three months. Unemployment rate has doubled from 1.3 to 2.9 million. Dollar CHF 1.15, C$1.279, Euro $1.2739, Y124.21, GB Pound $1.4250; ECB rate 1.5 per cent, BOE 0.50 per cent; Sweet Crude $44.64 a barrel in Europe, in US $$44.48. Unemployment rate 8.1 per cent, reflectively, 14.8 per cent. BOE quantitative easing to purchase up to GBP 75 billion of government bonds. Lloyd’s banking group may agree to an asset insurance with the UK government. BBC (British Broadcasting Corporation) says it will make the government stake in the bank above its current level of 43 per cent.
On October 30, 2008 PBS made notice of a sign of recession stating the GDP Gross Domestic Product dropped ½ per cent.
February, 2009
Sunday, February 15, 2009 The Round Table said President Obama announced a $278 billion stimulus package, which was in line with President Bush’s anticipated policy.
Tuesday, February 17: shares of Bank of America fell 10.7 per cent to $4.97; J.P. Morgan declined 8.4 per cent to 22.64; Wells Fargo declined 8.1 per cent to 14.50; KBW Index tumbled 7 per cent; Exxon down 4 per cent to 71.59; Crude CL dropped 6.7 per cent to 34.98; DJIA Dow Jones Industrial Average was 7,595.77; S&P 500 was 795.38; NASDAQ tumbled 54.45 points or 3.55 per cent to 1,479.91; Wal Mart was up 2.7 per cent at 47.78; the US Dollar was going for C$1.266, or $0.7899 US; and, the Nikkei fell 1.4 per cent (104.66 points) to 7,645.51; GMC and Chrysler received $13.4 billion in aid; Mitsubishi UFJ Financial lost 4 per cent down to 451 yen; Mizaho slid 3.9 per cent to 200 yen; Sumitomo Mitsui Financial Group fell 2.7 per cent to 3,720 yen; Housing in Tokyo fell 24.1 per cent from the same month last year; Spot Gold rose to $966/ounce from $940 on Monday; Spot Silver climbed to 13.94 from 13.57; and, Platinum flew to 1,082 from 1,003.
Wednesday, February 18: DJIA rose 21.27 points to 7,573.87; S&P 500 was up 4.06 points to 7573; NASDAQ up 7.91 points to 1,478; US industrial production dropped 2.4 per cent in December, 2008 and, 1.8 per cent in January, 2009; Capacity Utilization fell to 72 per cent, from 1972 –2008 the average was 80.9 per cent; and, US Sweet Crude dropped to $34.80 per barrel.
Thursday, February 19: U.S. stock futures had a strong start with the S&P 500 Futures up 7.9 points to 790.30; NASDAQ 100 Futures up 7.5 to 1187.50; DJIA up 79 points; Oil futures rose $1.00 a barrel; Hewlett Packard dropped 3%; Food rose; Sprint Nextel up 3 per cent; Nikkei 225 rose 0.3 per cent to 7,557.65; Shanghai Composite up 0.8 per cent; the Dollar was going for Y93.68; and, prices for solar equipment plummet in response to oversupply.
Friday, February 20, 2009: nationalization of banks is a concern to government and business; consumer prices are at a 53 year low; US Treasury is auctioning $94 billion of Treasury Notes; Spot Gold was up to $980.00/ounce; Silver $14.18/ounce; Platinum $1,082.00.
On Sunday, the Round Table said 8.4 million houses have defaulted and private investment has decreased dramatically, participants expressed concern about nationalization; and, FDIC taking over banks via bailout.
Notes taken during the interview were brief: National Bank, Public Bank; checking, savings, loans, mortgage; limitations, foreign purchase; federal, state, county, local; competition, dichotomy; buy back, net worth evaluation, balance, anti-monopoly, antitrust; choice between public and private.
Monday, February 23: US now owns 40% of Citigroup; DJIA 7,423; NASDAQ 1,447.47; Euro is worth $1.2822; Dollar is worth Y94.64; Gold $980.15/oz.; Silver 14.18; and, Platinum 1,082.
Tuesday, February 24: DJIA rose to 7,188.61; S&P500 to 753.65; NASDAQ up to 1,411.25; Euro $1.279; Dollar Y96; UK Pound $1.45; and, the Dollar C$1.25.
Wednesday, February 25: Spot Gold was 952.90; Silver 13.68; and, Platinum 1034.
Thursday, February 26: DJIA was 7326.
2008
July 29,2008
The Unidollar now has its own aspx page.
Firmscorel is now acknowledged by MSN, Google and Ask search engines.
www.firmscorel.com/firmscortech.aspx, a sub page of Home has a 55 second course on how to travel around the website.
February 6, 2007
Firmscor has associated itself with 47 companies making instant connections to each of these stores and business offices. Entered information about The Unidollar Concept, a chart on the study of velocity, running speeds and several local photographs.
December 26, 2006
Firmscor is expanding the shopping mall and the office complex.
Notable Products and Services
Phone service, click on Business and click on ad.
Announcements
Phone service store opened on 12/23/06
Old News
The following, written by a Firmscor Technical Consultant, is an old article printed in The Boyce Collegian on October 30, 1989: