Saturday, October 22, 2011

A glance at Basque militant group ETA, its goals (AP)

A glance at the armed Basque separatist group ETA and its conflict with Spain.

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HISTORY ? ETA was formed in 1959 during the right-wing dictatorship of Gen. Francisco Franco. Its name is a Basque-language acronym for Euskadi Ta Askatasuna, meaning Basque Homeland and Freedom.

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AIMS ? The group wants to create an independent state made up of Basque areas in northern Spain and southwestern France and parts of the northern Spanish region of Navarra. Many people in those areas speak Basque.

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VIOLENCE ? On Thursday, ETA issued a statement saying it is ending its armed campaign for independence and called on Spain and France to open talks. After initially seeking its goals through political means, ETA began to resort to violence, mainly car bombs and point-blank shootings. Its first killing was in 1968. ETA is blamed for 829 deaths. The group's last deadly attack in Spain was a July 2009 car bomb that killed two policemen on the Mediterranean island of Mallorca.

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CEASE-FIRES ? ETA declared a permanent cease-fire in September 2010 and went further in January 2011 by saying it was verifiable by the international community." Spain's government rejected the announcement and reiterated its demand that the group simply dissolve. ETA had also declared a permanent cease-fire in March 2006, but negotiations with the government went nowhere and the group set off a car bomb at a parking garage of Madrid's airport in December of that year, killing two people who were sleeping in cars.

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POLITICAL SUPPORT ? Political parties linked to ETA are banned, but ETA's political supporters want to re-enter the political system and field candidates again. Previously, groups such as Batasuna used to garner some 12 percent of votes in regional elections.

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MEMBERS ? During the 1970s and early 1980s, ETA was estimated to have had around 1,000 members, out of a regional population of just more than 2 million. In the 1990s, France stepped up cooperation with Spain in chasing down ETA militants who had traditionally sought refuge there. Authorities claim the group has been reduced to a handful of commandoes with two to three members each.

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PRISONERS ? There are now nearly 1,000 ETA members jailed in Spain and France. Tens of thousands of Basques protested two days before Monday's cease-fire was announced, demanding that the prisoners in Spain be jailed closer to home.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111020/ap_on_re_eu/eu_spain_basques_glance

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North Korea's Kim says ready to resume nuclear talks (Reuters)

MOSCOW (Reuters) ? North Korean leader Kim Jong-il repeated his readiness to return to stalled nuclear talks "without any preconditions" in an interview with the Russian state news agency Itar-Tass published on Wednesday.

The comments came amid a flurry of intensified diplomacy by Russia, China and the United States on trying to end North Korea's nuclear program after talks collapsed in late 2008.

The United States and North Korea plan to meet on Monday and Tuesday in Geneva, a source familiar with the matter said, for discussions likely to focus on whether nuclear talks might resume.

"Our principal position that the six-party talks should be swiftly resumed without any preconditions remains unchanged," Kim said in a written response to questions from Itar-Tass.

Russia and China have pressed their reclusive and impoverished neighbor to return to the six-nation talks though the United States, Japan and South Korea say Pyongyang must first show it is serious about getting rid of its nuclear capabilities.

During a rare visit to Russia last month, Kim promised to consider suspending nuclear arms tests and production if international talks on Pyongyang's atomic program resume.

Since the August meeting with President Medvedev, Kim's first public visit to Russia since 2002, relations with the Kremlin have improved.

Russia resumed traffic along a repaired rail line to North Korea and has aired plans to build a gas pipeline and even hold joint naval exercises.

"On these projects, North Korea and Russia are now rapidly implementing practical measures for cooperation in the field of energy, including on the laying of a pipeline," Kim told Tass.

"I am certain that the friendship and cooperation between our two countries will develop and strengthen in all spheres including politics, economy, culture and military affairs."

(Writing by Alissa de Carbonnel)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111019/wl_nm/us_russia_nkorea_nuclear

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Friday, October 21, 2011

Dear @georgiatipb: We have a watch for you

iPod Nano and MotoACTV

One straps to your wrist, plays music and tracks your workout. The other does the same for almost half the price. OK, OK. So the $249 price (for the 8GB model) of the MOTOACTV is going to be a bit much for some to swallow. We get that.

But here's the thing: It actually goes one further than the iPod Nano and connects to your phone via Bluetooth. So you can see who's calling. Or what messages are coming in. All without having to dig out your phone. We know some of you have been wanting this. Right?


Source: http://feedproxy.google.com/~r/androidcentral/~3/UYhr0TyqU_s/dear-tipbgeorgia-we-have-watch-you

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Thursday, October 20, 2011

Geithner and China's Wang discuss economy in phone call: report (Reuters)

BEIJING (Reuters) ? United States Treasury Secretary Timothy Geithner and Chinese Vice Premier Wang Qishan discussed economic relations and the international outlook in a phone call on Tuesday Beijing time, China's official Xinhua news agency reported.

The brief report did not give any details of the discussions between Geithner and Wang, who plays a key role in steering Beijing's financial and economic policies.

The U.S. Treasury Department said on Friday it would delay until later this year a ruling on whether China is manipulating its yuan currency, which Democratic Party lawmakers have sought to target in a bill that would punish Beijing for foreign exchange controls.

Beijing has repeatedly decried the U.S. legislation, which would let Washington slap countervailing duties on goods from nations deemed to subsidize exports by undervaluing their currencies, including China's yuan, which many lawmakers say is held drastically low against the dollar.

There was no announcement about the phone conversation on the U.S. Treasury Department's website.

Geithner said last month that China is holding to a decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials' growing impatience with Beijing.

(Reporting by Chris Buckley; Editing by Ken Wills)

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/nm/20111018/pl_nm/us_china_usa

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Can American Fans Save German Riesling?

While the 2010s are now hitting the market, I?ve recently gorged on Kabinetts from the excellent 2009 vintage. I love the wines of Willi Schaefer, and the 2009 Willi Schaefer Graacher Himmelreich Riesling Kabinett ($24) is a typically delicate, sublime effort from this acclaimed Mosel producer who now enjoys a cult-within-a-cult following among riesling zealots. It was also one of the stars of my recent hot dog and wine tasting. I long ago swore allegiance to the cult of JJ Prum, and the 2009 JJ Pr?m Wehlener Sonnenuhr Riesling Kabinett ($33) gave me no reason to reconsider. Sure, there was the usual sulfurous stink on the nose?always a problem with drinking Prum young?but the wine was light, almost airy in texture and packed a toothsome medley of lime, apple, and mineral flavors. A lot of people believe that Helmut D?nnhoff, whose vineyards are in the Nahe region, is Germany?s most talented winemaker, and the 2009 D?nnhoff Oberh?user Leistenberg Riesling Kabinett ($25) made a persuasive case on his behalf. It was a finely chiseled, delicious wine that radiated completeness. Selbach-Oster is a great producer in the Mosel whose wines also offer sensational value. The 2009 Selbach-Oster Zeltinger Sonnenuhr Riesling Kabinett ($18) was just a terrific bottle, with perfect balance, superb minerality, and an herbal twang that I loved. The 2009 Zilliken (Forstmeister Geltz) Saarburger Riesling Kabinett ($23) was as much a mouthful to taste as it is to pronounce; this is the kind of voluptuous Kabinett that leads people to say that true Kabinetts no longer exist. That said, the wine was excellent, its richness parried by plenty of zesty acidity and a beam of minerality.

Source: http://feeds.slate.com/click.phdo?i=7f0832d74e701a762ed7fdebd48608ee

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Video: Chic looks from celebrity labels

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Source: http://www.msnbc.msn.com/id/29054368/vp/44930968#44930968

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Wednesday, October 19, 2011

Several Presentations from the Value Investing Congress ...

Below are several presentations from the Value Investing Congress, I will be posting Bill Ackman?s and David Einhorn?s when they become available. Whitney Tilson & Glenn Tongue, Leon Cooperman, and Jim Chanos? presentations? I posted seperately

Gut Gottfried is the founder and manager of Rational?Investment?Group, a value-oriented investment fund. Rational employs a risk-averse, research-intensive value methodology to uncover securities exhibiting material upside potential along with minimal risk of capital impairment. Prior to launching Rational, Mr. Gottfried was a senior analyst at?Bruce Berkowitz?s Fairholme Capital Management. Mr. Gottfried is a graduate of York University in Toronto, where he was a President?s Scholarship recipient.

My notes here-http://www.valuewalk.com/conferences/guy-gottfried-prospecting-great-white-north/

Guy Gottfried

Ricky Sandler is the Managing Member and Senior Portfolio Manager of Eminence Capital, LLC, an investment manager that employs a ?quality value? approach to investing. Before founding Eminence in 1998 Mr. Sandler co-founded and co-managed Fusion Partners, a long / short investment partnership. Prior to that Mr. Sandler was a research analyst covering a wide range of industries and companies for Mark Asset Management, a research-driven investment management organization. Ricky Sandler manages over $3 billion, and has 20% net returns since 1999. Mr. Sandler received a BBA in Accounting and Finance graduating with honors from the University of Wisconsin where he currently serves as a board member for the University of Wisconsin Foundation and as a member of its Investment Committee.

Ricky-Sandler

Co-founder of Longacre Fund Management, LLC, 1998 and LSE Fund Management, LLC, 2005. Vladimir Jelisavcic is a member of Longacre?s Investment Committee. Since inception the fund has produced returns of ~9.7% annually net of fees. Mr. Jelisavcic was, until November 1998, a Vice President in the High Yield Department of Bear, Stearns & Co. Inc., where he was responsible for trading distressed bank loans and private notes as well as the identification and analysis of investment opportunities in distressed securities. Mr. Jelisavcic joined Bear, Stearns in 1993. In 1991, Mr. Jelisavcic worked as a law clerk for the U.S. Securities and Exchange Commission in Los Angeles. From 1987 to 1990, Mr. Jelisavcic worked in the Tax Department of Deloitte & Touche. Mr. Jelisavcic was a C.P.A. and the author of articles on trading claims and creditors? rights published in the Journal of Corporation Law. Mr. Jelisavcic earned a J.D. (cum laude) from the University of Iowa College of Law in 1993 and a B.S. in Accounting from New York University in 1987.

Vladimir Jelisavcic Longcare llc

Timothy E. Hartch is a Partner at Brown Brothers Harriman and the co-head of the firm?s public equity investment team, which manages over $9.0 billion in assets as of June 30, 2011. Brown Brothers Harriman has a total aum of over $2.8 trillion. Timothy Hartch is the co-manager of BBH?s large cap Core Select equity portfolios and co-manager & co-founder of an investment partnership that focuses on information and business service companies. Mr. Hartch received an A.B. from Harvard University and a J.D. and M.B.A. from the University of Michigan.

Timothy Hartch Brown Brothers Harriman

Alexander Roepers is the President of Atlantic Investment Management, Inc., which he founded in 1988, a $1.5 billion global equity hedge fund firm, with offices in New York and Tokyo. Mr. Roepers holds an MBA from Harvard University.

In 1993, Roepers founded AJR International, an offshore hedge fund. In 1996, he launched a second fund, Cambrian Fund Ltd. and Cambrian Partners LP. Until 2002 (last data available), AJR has 22.2 % since per annum and the Cambrian strategy 33.2% per annum.

Alexander Roepers

Bernard R. Horn Jr. is president and founder of Polaris Capital Management, LLC, a $4 billion Boston-based investment firm. Mr. Horn developed the firm?s global value philosophy and process nearly three decades ago. Polaris follows a disciplined investment process using a combination of proprietary investment technology and traditional fundamental research to identify the most undervalued companies worldwide. Mr. Horn?s 27-year track record exceeds most current competitors and has produced admirable risk-adjusted returns since 1984. An industry forerunner, he is frequently profiled in nationally-recognized media outlets. Mr. Horn is a graduate of Northeastern University (1978) with a B.S. in business administration and holds a master?s of science degree in management from the Alfred P. Sloan School of Management at M.I.T.

Bernard Horn

This entry was posted on October 18, 2011 at 5:51 pm and is filed under value Investing Congress. You can follow any responses to this entry through the RSS 2.0 feed.

Source: http://www.valuewalk.com/value-investing-congress-2/presentations-investing-congress/

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