Legal expert says EA vs Zynga suit is ?playing with fire?, settlement a ...

Sat, Aug 04, 2012 | 15:22 BST

Santa Clara University School of Law Professor Eric Goldman has weighed in on the copyright infringement suit EA has brought against Zynga, stating that EA may be ?playing with fire? in this case.

Speaking with Gamespot, Goldman, who specializes in Internet Law and Intellectual Property Law, said what stood out the most in EA?s complaint over The Ville copying The Sims Social, were ?conspicuous changes? Zynga made to items similar in both titles.

Goldman specifically pointed to paragraph 94 of the complaint where EA notes a ?toilet versus the toilet paper? issue.

?What Zynga took, and I don?t think they?re going to argue it, is that there?s a thought bubble that?s going to remind people about bathrooms,? he said. ?But the thought bubble is shaped differently, and it?s a toilet [instead of] toilet paper. So can you take the idea of having a thought bubble to suggest that a character needs to go to the bathroom?

?I think that?s free for everyone to take. You can?t take the way it?s expressed, perhaps. That?s something that ultimately goes to the jury. These kind of game rip-off cases are very difficult. They?re hard to predict in advance. They tend to be quite costly. I don?t have a prediction on who got it right or who?s going to emerge victorious.?

Goldman said lawsuits such as this are rather rare in the games industry between the ?big players? because copying of gameplay ?is rampant in the industry.?

?I don?t know EA?s catalog well enough to know where they might be vulnerable on this point, but it?s kind of the way the entire industry is built,? he said. ?All of the big players all have games in the same basic niches trying to provide the same basic gameplay. So there?s disincentive for any big player to try to break new law about the copying of gameplay. They might win that case, but it might blow up on all the other things they try to do in the rest of the catalog.

?[A settlement] would be a logical outcome because neither party wants to be proven wrong at the end. They both have incentives not to lose this case. One solution would be Zynga could go through and reprogram the things EA complained about so they look less alike.

?EA says, ?They changed their game.? Zynga says, ?We didn?t really change anything.? Everyone goes away happy. That would be a logical outcome.?

Goldman continued, stating he though EA was ?playing with fire here,? as it would not be in the firm?s best interest to ?break new law and have an extensive interpretation of gameplay rip-offs.?

?I don?t see how that?s a win for them, so that?s another reason they might be motivated to settle,? he said.

Zynga should respond in kind to the suit within a few weeks or even months, but once the firm issues a formal response, the case could take months or even years rolling about in the judicial system before it reaches a ?logical conclusion in the courts.?

Source: http://www.vg247.com/2012/08/04/legal-expert-says-ea-vs-zynga-suit-is-playing-with-fire-settlement-a-likely-outcome/

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Reds top Pirates, increase NL Central lead

Associated Press Sports

updated 10:36 p.m. ET Aug. 4, 2012

CINCINNATI (AP) - Scott Rolen had quite an eventful trip around the bases. The result was worth it.

Rolen hustled for a triple and rushed home on an infield out for the go-ahead run in the eighth inning as the Cincinnati Reds won their fifth straight game, 5-4 over the Pittsburgh Pirates on Saturday night.

Rolen began the eighth against Jared Hughes (2-1) with a line drive off the right-center field wall that barely eluding Pittsburgh All-Star center fielder Andrew McCutchen. Rolen, who's in his 16th major league season, beat the relay with a headfirst slide into third base.

"I was just hoping he wouldn't catch it. I haven't had too much luck in that part of the field. I was running hard. It was probably a gamble with nobody out," he said.

Rolen immediately took off for home when the next batter, Todd Frazier, bounced the ball high off the plate.

"I was thinking I was dead the whole way," said Rolen, who earlier had a two-run single. "That's a miserable 90 feet. You know you're going to have to dive or crash into something. I saw it, I read it, and I felt like I would make it. If I hadn't, we'd be doing this same interview, but for a different reason. It worked out."

Pitcher Jared Hughes (2-1) thought about trying to nail Rolen.

"I looked, but I realized I didn't have a grip," Hughes said. "I didn't want to throw it over (catcher Michael McKenry's) head, so I made sure to get the out."

Manager Dusty Baker had no problem with Rolen's decisions.

"He's one of the best baserunners in the game," Baker said. "He's always alert, always trying to take that extra base."

The Reds have won 15 of 16 and opened a 5 1/2-game lead over Pittsburgh in the NL Central.

"This is a playoff atmosphere every day - close games every day," Baker said.

Jonathan Broxton (1-0), acquired on Tuesday from Kansas City, pitched a scoreless eighth for the win. Aroldis Chapman worked the ninth for his 25th save.

Pittsburgh manager Clint Hurdle was ejected in the top of the second after both benches were warned following the second Pirates batter to be hit by a pitch in two nights.

"That was a topic of discussion," Hurdle said. "There was no warning before the game. I just wanted the game to go on."

Mike Leake plunked Josh Harrison with two outs, no one on base and the Reds leading 2-1. Harrison and Leake briefly exchange words, prompting plate umpire Brian Gorman to issue the warnings against further trouble. Hurdle came out to discuss the decision and was ejected - for the third time this season - when the talk grew more heated.

On Friday night, Chapman hit McCutchen with two outs in the ninth.

The Reds capitalized on an error to take a 2-0 lead in the first. Zack Cozart led off with a single, Drew Stubbs bunted up the third-base line for a hit and both runners advanced on third baseman Pedro Alvarez's throwing error, setting up Rolen's two-out, two-run single.

McKenry led off Pittsburgh's second with his 11th homer of the season. The Pirates tied the game in the third on Alex Presley's leadoff triple and Neil Walker's sacrifice fly.

The Reds regained their two-run lead in the fourth on one-out singles by Stubbs and Jay Bruce, Ryan Ludwick's RBI line-drive double off the wall down the left-field line and Frazier's infield single.

Josh Harrison cut Cincinnati' lead to 4-3 with his third homer of the season in the fourth.

Pittsburgh got its own break to tie it in the sixth. Garrett Jones moved from second to third on Leake's wild pitch while striking out Alvarez, and Travis Snider hit a sacrifice fly.

Both starting pitchers lasted six innings and had seven strikeouts and a walk. Leake allowed six hits and four runs while James McDonald gave up seven hits and three earned runs.

NOTES: RHP Kevin Correia will start for the Pirates on Aug. 8 against Arizona in Pittsburgh, the team's concession to playing 20 games in 20 days, Hurdle said. Correia made his first relief appearance of the season on July 29 after 19 starts. ... Reds 2B Brandon Phillips was a late scratch from the starting lineup. Phillips has missed four starts with a strained left calf. Phillips probably won't play in Sunday's series finale, Baker said.

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Red Sox not playoff worthy

??CSN: The Red Sox can make all the excuses they want, but the truth is that this team is a collection of mercenaries, malcontents and millionaire babies ready to turn on each other as the season inevitably implodes.

Source: http://nbcsports.msnbc.com/id/48510345/ns/sports-baseball/

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Iran says arming Syria rebels will destabilise region

The arming of Syria's rebels will have "very bad implications in the region," Iran's Defence Minister Ahmad Vahidi said on Saturday, according to state television.

He added that "the region will face a major crisis if foreign forces, currently (covertly) present in Syria, enter the scene" and intervene militarily.

"The losers of such a crisis will be the Westerners and pro-Zionist countries," he predicted.

Iran has accused Saudi Arabia, Qatar and Turkey of arming the opposition in Syria, in collusion with the United States and Israel, to overthrow the regime of Tehran's key ally, Syrian President Bashar al-Assad.

"It is ugly that countries... have flooded Syria with arms, equipping terrorist groups. It will have very bad implications in the region," Vahidi was quoted as saying.

"The enemy seeks to create a new balance of power between the Zionist regime (Israel) and other Islamic countries in the region by forcing Syria out of the (anti-Israeli) resistance front. However, this will not come about."

UN Secretary General Ban Ki-moon said on Friday that the Syrian conflict has become a "proxy war, with regional and international players arming one side or the other."

Tehran denies it has sent any troops to aid Assad's regime.

"Iran has no armed forces in Syria and the Syrian government has not made such a request," Vahidi said, according to report on the website of state television channel IRIB.

"Syria has a powerful military and also enjoys popular support. The Syrians can handle the adventures that foreigners have created in their country."

Source: http://news.yahoo.com/iran-says-arming-syria-rebels-destabilise-region-110338247.html

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The Theory of Investment Value: Four Enduring Takeaways on ...

Today?s historically low interest rates and investors? flight to safety have combined to raise interest in dividend-paying stocks. While studies of the efficacy of dividend-investing strategies have been mixed (see?Fama and French 1988?and?Ang and Bekaert 2006), dividend investing remains a popular strategy. Indeed, this heightened enthusiasm is reflected in the performance of dividend-paying stocks, which have handily outpaced broad market indices over the past year. As such, it only seems appropriate to revisit an investing classic that first provided investors with a theoretical framework for determining the intrinsic value of stocks based on their dividends:?John Burr Williams??The Theory of Investment Value.

Just as Benjamin Graham is considered to be the father of value investing, John Burr Williams rightfully deserves to be recognized as the progenitor of dividend investing. The influence of his seminal work, first published in 1938, has been widespread, and today the book remains as relevant as ever.

Here are four of the most important takeaways:

1. Focus on Dividends, Not Earnings.?

Williams was a security analyst who sought a better understanding of what caused the stock market crash of 1929 and the subsequent Great Depression. He enrolled as a PhD student at Harvard, and his thesis, which was to explore the intrinsic value of common stock, was published as?The Theory of Investment Value.? Breaking with commonly held beliefs at the time, the crux of Williams? theory was that the intrinsic value of a company was equal to the present value of its future dividends, not earnings. ?Earnings are only a means to an end,? Williams argued, ?and the means should not be mistaken for the end. Therefore, we must say that a stock derives its value from its dividends, not its earnings. In short, a stock is worth only what you can get out of it.?

He illustrated this concept with a poem:

A cow for her milk

A hen for her eggs,

And a stock, by heck,

For her dividends.

An orchard for fruit,

Bees for their honey,

And stocks, besides,

For their dividends.

In a review of Williams? book published in?The Journal of Political Economy, Ben Graham, alluding to the speculative atmosphere pervasive on Wall Street at the time, wrote: ?The emphasis on the primacy of dividends and the insistence that the value of reinvested earnings is to be found only in increased dividends sound a much-needed warning to Wall Streeters.?

For companies without dividends, Williams theorized that all retained earnings should ultimately become dividends. Upon maturity, a company should begin distributing its earnings as dividends. Williams wrote: ?If earnings not paid out in dividends are all successfully reinvested, then these earnings should produce dividends later; if not, then they are money lost. In short, a stock is worth only what you can get out of it.?

2. Investment versus Speculation.?

Williams shared many of?Graham?s views?when it came to drawing a distinction between investing and speculating. Williams defined an investor as ?a buyer interested in dividends, or coupons and principal,? and a speculator as ?a buyer interested in the resale price? alone. Williams thought the volatility of the stock market did not accurately reflect the capacity of companies to pay dividends, and he saw the 1929 stock market crash as ?a serious indictment of past practice? of investment analysis. He asserted that if there had been agreement among analysts regarding the ?proper criteria of value,? the wild price swings experienced in the crash and its aftermath might have been avoided. With his book, Williams hoped to encourage more true investing and less speculation.

Despite the stock market?s volatility, both Williams and Graham took issue with the ?casino capitalism? theory espoused by John Maynard Keynes in his famous?General Theory of Employment, Interest, and Money?(1936), which pointed, critically, to the boom and bust cycles of stocks. ?It is usually agreed that casinos should, in the public interest, be inaccessible and expensive,? Keynes wrote,??And perhaps the same is true of Stock Exchanges.? In contrast, Williams and Graham both saw the benefits of free markets but, importantly, also the need for rigorous analysis in the determination of intrinsic value.

3. Lasting Influence.?

Among the first to advocate for a theory of valuation based on?discounted cash flow, Williams referred to his forecasting approach as ?algebraic budgeting,??and he undoubtedly influenced the thinking of some of the greatest investment theoreticians and practitioners of the past century.

In fact, Williams? work provided the theoretical foundation for what became the?Gordon growth model, named after Myron J. Gordon. In??Dividends, Earnings, and Stock Prices??(1959), Gordon wrote: ?The distinguished theoretical book on investment value by J.B. Williams contains several chapters devoted to the application of the theory, but his empirical work is in the tradition of the investment analyst?s approach.?

And?Warren Buffett, in Berkshire Hathaway?s 1992 Annual Report, wrote the following: ?In?The Theory of Investment Value, written over 50 years ago, John Burr Williams set forth the equation for value, which we condense here: The value of any stock, bond, or business today is determined by the cash inflows and outflows?discounted at an appropriate interest rate?that can be expected to occur during the remaining life of the asset.? Though Buffett may have tweaked Williams? theory slightly, his investment success serves as a testament to the validity of Williams? work.

4. On Government, Socialism, and Taxes.?

Williams was not a fan of big government. In a chapter titled ?Taxes and Socialism,? he made clear his belief that government was a poor steward of the economy. Williams argued that taxes were a drag on savings, investment, earnings, and ultimately, the value of securities. In Williams? view, government deficits carried with them the threat of higher taxes, and ?the mere prospect of higher taxes is sufficient to discourage investment in capital goods.? Williams further warned that the redistributive nature of excessive taxation, and government control of key industries, would put the United States on a path toward socialism.

Politics aside, Williams and?The Theory of Investment Value?offer timeless lessons on the concept of intrinsic value, the importance of dividends, and the value of a long-term perspective. In an era of heightened volatility and low investment returns, these lessons are more important than ever.


Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Source: http://blogs.cfainstitute.org/investor/2012/08/03/dividend-investing-and-the-lasting-influence-of-john-burr-williams-the-theory-of-investment-value/

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Ceramic Floor Tiles And Floor Tile - IdeaMarketers.com

Opting for a great floor tile material can surely add to the overall look of your space. Ceramic floor tiles are definitely on top of the available choices with the most beautiful colors and designs.

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More Details about Ceramic Floor Tiles here.

Tweet This Among the several materials used for construction of a building, tiles have a unique importance as they add elegance and beauty to the looks or sights of the space from inside as well as outside. A tile is a manufactured piece of hard-wearing material such as stone, ceramic, metal or even glass. Tiles are generally utilized for covering floors, roofs, walls, showers or other objects such as tabletop. Truthfully there are too many reasons to choose ceramic floor tiles for your home, office, etc. Ceramic tiles have given flooring a whole new meaning.

Ceramic floor tiles have more of a uniformed appearance style with little variations in each tile, many home owners like this flowing design a lot. Ceramic floor tile come in almost endless variety of designs and styles. Ceramic floor tiles come in an almost endless variety of styles and designs. They are really easy to maintain and cost effective as compared to other tiles available in the market. They are just plain nice looking. If you are searching for an excellent flooring solution for your home improvement project then investing on ceramic floor tiles is one of the best decisions you can make as a homeowner. The most captivating thing about ceramic floor tile for homeowners is undoubtedly the unlimited variety of styles in which these are available to choose from. Whether you are looking for terracotta type tiles, a refined classic style, a rustic stone imitation, or decorated Mexican tile, ceramic floor tile is the best solution for your needs.

Ceramic floor tiles seal slightly easier than other types of tiles as they require a less complex procedure. Ceramic floor tiles are also available in numerous design choices with several styles impersonating the natural stone varieties such as wood effect floor tile. This gives home owners the opportunity to have a cheap floor tile with the look of natural stone which provides them with the best of both worlds.

There are literally no maintenance related issues with these tiles as most of them are fired with a water resistant glaze and they are extremely dirt resistant too. You can easily get any kind of ceramic floor tile just by going online as there are various companies that provide premium quality floor tiles and related services to customers at reasonable prices through their portals. You can conveniently avail these tiles at your place in a secure and timely manner by placing your order on the site of the company.

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Lily Allen changes stage name to Lily Rose Cooper

(AP) ? Call her the artist formerly known as Lily Allen.

The 27-year-old British singer says she is changing her stage name to reflect her marriage to Sam Cooper ? and she's working on new material.

A statement Thursday from publicist Ambrosia Healey says the singer will now be known as Lily Rose Cooper, the name she already uses on her Twitter account.

She and Sam Cooper married last year, and the pair have a daughter.

Healey says the singer has booked time at a studio in Britain work on new material.

Cooper, whose hits include "Smile" and "The Fear," said in the statement that she was "excited to be heading back into the studio."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-08-02-Britain-Lily%20Allen/id-2c3206773b9d4e029ba682280172d2f9

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Breast Cancer Charity Overstates Value of Mammograms: Researchers

THURSDAY, Aug. 2 (HealthDay News) -- The breast cancer charity that brought the world the pink ribbon exaggerates the benefits of mammography while minimizing its harms, researchers claim.

The organization in question is the Susan G. Komen for the Cure, which stated in a 2011 advertisement that the five-year survival rate for breast cancer when caught early is 98 percent, while it is only 23 percent if not caught early.

"The survival statistics they present are eye-catching and compelling. They imply that a woman would be crazy and irresponsible if they didn't go for screening," said Dr. Steve Woloshin, co-author of the article challenging the charity. "But the statistics are deceptive."

According to Woloshin's commentary, which appears online Aug. 2 in the BMJ, a woman in her 50s who goes for regular mammograms for 10 years will only cut her chance of dying by a fraction of a percentage point -- for every 10,000 women who are screened 7 deaths will be prevented.

The reason for the discrepancy?

Survival statistics calculate how long a woman lives only after diagnosis, the researchers explained.

If 100 women were diagnosed with breast cancer after feeling a lump at age 67 and all died three years later at the age of 70, the five-year survival rate would be 0 percent.

But, if the cancers were detected by mammography when the women were 64 and they still died at the age of 70, the five-year survival would be 100 percent.

Komen also minimizes the harms that can come from over-screening, according to the article.

For every woman whose life is saved by mammography, between two and 10 women are overdiagnosed, meaning they are told they have cancer when they do not and end up going through unnecessary treatment.

And up to half of women who are screened every year for a decade receive at least one false positive, meaning they have to undergo a biopsy and experience the fear of thinking they have breast cancer, if only temporarily.

The article comes at a time when there has been increasing furor over the value of breast cancer screening. The U.S. Preventive Services Task Force now recommends that women in their 40s do not get regular mammograms.

In contrast, the American Cancer Society recommends that all women aged 40 and over get annual mammograms.

In the end, women need to get reliable information from their physicians or other sources about the risks and benefits of mammography. One problem is that not all primary care physicians know the right numbers to convey to their patients, according to a recent survey.

Overall, few doctors would argue that there isn't some benefit to mammography.

Dr. Stephanie Bernik, chief of surgical oncology at Lenox Hill Hospital in New York City, supports the charity's push for cancer screening.

"As physicians, we feel that breast cancer screening is extremely beneficial," she said. "Screening does save lives, but it's probably not as dramatic as it's sometimes made out to be."

Adds Woloshin, who is professor of medicine and community and family medicine at Dartmouth School of Medicine and The Dartmouth Institute for Health Policy and Clinical Practice: "There is some benefit but the magnitude is of a different order from what is implied by the ad. Women should make good decisions for themselves."

A representative of the Komen Foundation defended the organization's position.

"Everyone agrees that mammography isn't perfect, but it's the best widely available detection tool that we have today," said Chandini Portteus, Komen's vice president of research, evaluation and scientific programs. "We've said for years that science has to do better, which is why Komen is putting millions of dollars into research to detect breast cancer before symptoms start, through biomarkers, for example," she explained.

"Komen also is funding research to help accurately predict which tumors will spread and which won't," Portteus continued. "While we invest in getting those answers, we think it's simply irresponsible to effectively discourage women from taking steps to know what's going on with their health," she noted.

"The numbers are not in question," Portteus said. "Early detection allows for early treatment, which gives women the best chance of surviving breast cancer."

More information

The U.S. National Cancer Institute has more on breast cancer.

Source: http://news.yahoo.com/breast-cancer-charity-overstates-value-mammograms-researchers-231206782.html

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Copywriting/Writing | Don't Do This if You Want People to Read Your ...

By: Lisa Bloom (see my bio) | Leave a comment
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You begin by doing a ton of research. You find a great topic. You spend all that time writing, and it doesn?t come easy.

Then no one reads your blog.

And the following week, it starts all over again. It?s incredibly frustrating.

Everyone swears that if you blog frequently and write about interesting subjects, it will build up your business.

Well, here are a few things you want to make sure you?re NOT DOING if you want people to actually read your blog.

  • Don?t get all theoretical
  • Don?t start preaching
  • Don?t tell them how successful and perfect you are
  • Don?t forget to show them the real you
  • Don?t forget to tell a story

Sounds simple, right? Well, it is. I?m always amazed how people get so into the stuff they?re writing about that they forget to tell their reader why. Why is it so important? What difference has it actually made to you? Why does it matter and what can they learn from it that?s REAL?

So, tell a story. The story of you in relation to the stuff you?re writing about. Tell a story with a good structure, some interesting characters (you can be one of them!) and make sure there?s some kind of conflict.

No-one would have cared about Romeo and Juliet if their families took vacations together. No-one would have been interested in Snow White if her step mother hadn?t been jealous of her. So give your story a plot, some conflict and a clear resolution. It will make all the difference!

Can I tell you a story?

There was once a man who wanted to find the truth. He travelled the world, from country to country, town to town, village to village. Nobody knew where the truth lived. Some had great theories, but the man was not successful and he kept searching.

One day, in a small village far away, the people told him that they had heard that the truth lived at the top of the mountain, just nearby. He walked for several more days until he arrived at a small house on the mountain top. He knocked on the door. An old, old woman answered. She had long grey hair, many wrinkles on her face but bright, shining eyes. He knew he had arrived. He said, ?I am looking for the truth.? And she replied,? I am the truth.? The man stayed with her for a long time. He learned everything there is to know about the truth and after several years, he decided it was time to return to the world. Just before he left, he asked the old woman,? Is there anything you would like to world to know about the truth? Any message you would like me to
deliver?? She thought for a moment and then said, ?when they ask you what is the truth like? Tell them I?m young and beautiful.?

I?ve wondered about this story for years. It makes me smile and just when I think I know what it means, another question pops up.

What I do know that I?ve always felt very connected to the concept of truth. And I know that I have been blessed by many wise women in my life who have told me truths.

What do you think it means?

Related Posts


Lisa Bloom, founder of Story Coach Inc. helps entrepreneurs and business owners beat overwhelm, stress and discomfort with marketing to find confidence, attract ideal clients and make more money by finding their success story.? You can download Lisa's ebook "Using Stories to Get Great Clients" at www.story-coach.com

Source: http://www.solo-e.com/blog/2012/08/don%E2%80%99t-people-read-blog.html

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US economy adds 163K jobs, rate rises to 8.3 pct.

In this Wednesday, Aug. 1, 2012 photo, New York Stock Exchange Senior Compliance Associate Matthew Pizzo, an Air Force veteran who has law and business degrees, works in his office at the New York Stock Exchange. Pizzo had gone two years without work, until recently, as he is now finishing his first week of work at the exchange. (AP Photo/Richard Drew)

In this Wednesday, Aug. 1, 2012 photo, New York Stock Exchange Senior Compliance Associate Matthew Pizzo, an Air Force veteran who has law and business degrees, works in his office at the New York Stock Exchange. Pizzo had gone two years without work, until recently, as he is now finishing his first week of work at the exchange. (AP Photo/Richard Drew)

In this Thursday, Aug. 2, 2012 photo, ironworkers James Brady, left, and Billy Geoghan release the cables from a steel beam after connecting it on the 104th floor of 1 World Trade Center, in New York. U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. The Labor Department said Friday, Aug. 3, 2012, that the unemployment rate rose to 8.3 percent from 8.2 percent in June. July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year's pace. That's not enough to satisfy the 12.8 million Americans who are unemployed. (AP Photo/Mark Lennihan)

In this Wednesday, Aug. 1, 2012 photo, New York Stock Exchange Senior Compliance Associate Matthew Pizzo, an Air Force veteran who has law and business degrees, walks the trading floor of the New York Stock Exchange. Pizzo had gone two years without work, until recently, as he is now finishing his first week of work at the exchange. (AP Photo/Richard Drew)

In this Wednesday, Aug. 1, 2012 photo, New York Stock Exchange Senior Compliance Associate Matthew Pizzo, an Air Force veteran who has law and business degrees, looks over the trading floor of the New York Stock Exchange. Pizzo had gone two years without work, until recently, as he is now finishing his first week of work at the exchange. (AP Photo/Richard Drew)

In this Aug. 2, 2012 photo, ironworker Stephen MacGray cuts a steel brace at the World Trade Center construction site, in New York. U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. The Labor Department said Friday, Aug. 3, 2012, that the unemployment rate rose to 8.3 percent from 8.2 percent in June. July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year's pace. That's not enough to satisfy the 12.8 million Americans who are unemployed. (AP Photo/Mark Lennihan)

(AP) ? U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring.

The Labor Department said Friday that the unemployment rate rose to 8.3 percent from 8.2 percent in June.

July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year ? enough to keep up with population growth but not enough to drive down the unemployment rate.

"After a string of disappointing economic reports ... we'll certainly take it," said James Marple, senior economist at TD Economics.

Stocks rose sharply in early trading. The Dow Jones industrial average added 219 points to 13,098, while the broader Standard & Poor's 500 index rose 125 points to 1,390.

The government uses two surveys to measure employment. A survey of businesses showed job gains. The unemployment rate comes from a survey of households and is calculated by dividing the number of unemployed people by the size of the labor force. In July, more people said they were unemployed, while the size of the labor force shrank even more.

Economists say the business survey is more reliable.

Stronger job creation could help President Barack Obama's re-election hopes. Still, the unemployment rate has been above 8 percent since his first month in office ? the longest stretch on record. No president since World War II has faced re-election with unemployment over 8 percent.

A better outlook on hiring could make the Federal Reserve reluctant to take more action to spur growth. The Fed, which ended a two-day policy meeting Wednesday, signaled in a statement a growing inclination to take further steps if hiring doesn't pick up.

But some economists say the job gains need to be greater.

Paul Ashworth, senior U.S. economist for Capital Economics, said July's job gains were a "vast improvement" over the past four months. Still, they were well below the average 252,000 jobs a month added from December through February.

"It also isn't strong enough to drive the unemployment rate lower, which is what the Fed really wants to see. So, on balance, we doubt this would be enough to persuade the Fed to hold fire in September," Ashworth said.

The job gains were broad-based. Manufacturing added 25,000 jobs, the most since March. Restaurants and bars added 29,000. Retailers hired 7,000 more workers. Education and health services gained 38,000. Governments cut 9,000 positions.

Average hourly wages also increased by 2 cents to $23.52 an hour. Over the past year wages have increased 1.7 percent ? matching the rate of inflation.

Despite July's gains, the economy remains weak more than three years after economists declared the recession had ended in June 2009. Growth slowed to an annual rate of 1.5 percent in the April-June quarter, down from 2 percent in the first quarter and 4.1 percent in the final three months of 2011.

Manufacturing activity shrank for the second straight month in July, a private survey said Wednesday. Consumer confidence improved slightly last month but remains weak.

Rising pessimism about the future is taking a toll on businesses and consumers, many economists say. Europe's financial crisis has weakened that region's economy, hurting U.S. exports. Worries have also intensified that the U.S. economy will fall off a "fiscal cliff" at the end of the year. That's when tax increases and deep spending cuts will take effect unless Congress reaches a budget deal. A recession could follow, Fed Chairman Ben Bernanke has warned.

Americans are responding by spending less and saving more. A big reason growth slowed in the second quarter was that consumer spending, which accounts for roughly 70 percent of economic activity, slowed to an annual growth rate of 1.5 percent. That was down from 2.4 percent in the first quarter.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-08-03-US-Economy/id-3bddb0f970044e048604e17c8c249daa

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Find Out How To Trade The Currency Trading Marketplace For ...

When employing a forex trading account, it is vital to generate a each day target and stick with it. The moment you have strike your planned financial gain, prevent buying and selling to the day. Continuing on at that stage will possible only overextend your account, causing you to create larger plus much more expensive problems than typical.

Pay attention to commodities if trade currencies. Commodities going up is usually a indicator of the increasing financial system whilst economies likely down signal a slowing financial system. Changes in financial state the same changes in currency, so by next the commodities current market you may superior anticipate how the Forex sector will transform and evolve.

When considering robot traders for forex trading be certain you need to do numerous investigate. There are many buying and selling robots obtainable but not all are made for longevity and several assure unattainable returns. For those who decide on a good robot you can assume a return of five to 10 % per month.

Comprehend the notion of variance and how it could possibly have an impact on you.? What this means is that regardless if you have got various unsuccessful trades in a row, variance will bring you back again to the positive inevitably.? Make improvements to your in general chance of receiving again into your green with keen analysis of preceding developments and designs inside the market.

Some forex pairs have what exactly is referred to as an inverse connection with an additional currency pair.? What this implies is the fact that when just one pair is trending upwards, the opposite developments downward (and vice-versa).? The typical case in point is that from the EUR/USD vs. the USD/CHF.? This comes about as the The Swiss financial system is intently tied together with the rest of your European economic climate.? Additionally, you can find the widespread element with the US dollar in both of those pairs.

When taking part in foreign currency trading, an awesome hint will be to have two accounts: a real account plus a demo one. The true account would be the 1 through which you do your true trades. The demo account is strictly employed for screening functions. Use the demo account to test different trades and alternate stops. This lets you come to be a lot more knowledgeable in regards to the industry without having sacrificing your true funds.

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Source: http://classacthomestagingandredesign.com/2012/08/03/find-out-how-to-trade-the-currency-trading-marketplace-for-significant-profits/

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