Sunday, August 29, 2010 at 11:30 PM Posted by Oscar Hoy
Labels: business video
Monday, July 26, 2010 at 3:00 PM Posted by Oscar Hoy
RIO NATURISTA and Diet Centers "Campana De Mejor Salud" Launches Health Fair to fight the obesity problem plaguing Latino Community.
Los Angeles, Ca. USA, July 19, 2010 / - Rio Naturista and Diet Centers (http://www.RioNaturista.com) will provide the surrounding communities a FREE individual health analysis and high quality health supplements. Rio Naturista also offers weekly bilingual self-help health classes at all locations. "Campana de Mejor Salud" promises a new era in alternative health education for those in our communities.
"We are kicking off our first Health Fair "Campana de Mejor Salud" on July 29th 2010 at our newest location in the high desert of Southern California," said a spokeman for IPMM. We will provide resources and media publicity for all our new licensee store owners who join us and want to help their communities find better health through education and world class supplements.
"We are excited about providing the community this free event. Information about the products such as homeopathic and herbal products will be available." staff stated. "Opening the first of many Rio Naturista Health and Diet Centers in southern California allows everyone, especially the Spanish Speaking Community, information tailored to them."
“We expect this event will help educate many in the community suffering the most from obesity, poor health and other issues. Certified alternative health practiioners and supplement experts will be on hand to suggest helpful vitamins and chinese herbs which might improve quality of life. One of Rio's Fitness Experts will also be on hand to teach some simple excercise techniques that can be done from home.” added staffers.
This family and friends of all ages event has no cost to attend. Free samples of Rio Naturistas retail product offerings will be available. Childrens Supplements will also be available for purchase. Advanced skin care treatment products will also be available. The ladies can enjoy a free facial on the spot! Personal care and many other items will be offered in store or online. Free English and Spanish DVD's will be available for free to help families learn more about their brilliant body!
“We are excited to bring leading vitamin supplements and herbal products into these communities. Research has shown us the supplement industry is growing in double digits even through the recession. The spanish speaking emerging market of the USA is the fastest growing consumer of these products. However, the industry has generally failed to serve this large niche market. These consumers demand product education and personal attention. Rio Naturista was born of nine months of this intensive market research.
In addition, the event will be hosting a Fitness Model Search for "Miss Rio Naturista". Female talent interested in trying out must attend the event and fill out an entry form. Also several of Rio Naturista's Girls will be making an appearance and signing posters.
The event will kick off at 4 pm with ribbon cutting around 5pm. City officials and supplier representatives will also be on hand for this historic event. Information will also be available for those interested in representing the products! And we are aggresively looking for new store owners who want to be part of this new retail concept. "Why spend over $100,000.00 to open a Max Muscle or GNC when you can have a non-franchise owner-operated retail establishment with even greater residual income potential for 80% less initial money!" stated senior management of IPMM. The retail supplement chain concept was established after 9 months of research into the supplement industry by IPMM.
Full coverage of the event will be available to view at Rio Naturista TV.
If you would like to attend this grand opening or would like further information on our business opportunity please visit:
About Rio Naturista and Diet Centers (Stores):
Independent Non-Franchise Licensed retail membership stores featuring world class supplements and herbal products, skin care, childrens vitamins and more. Rio provides Free Educational classes on improving health for the whole family. Serving the bilingual Spanish communities of the USA.
About IP MicroMedia LLC
IP MicroMedia, based in Southern California owns markets and licenses the brand name "Rio Naturista and Diet Centers" (SM) and operates RioNaturista.com et. al.. Other properties include Senorita15.com Quinceanera Photo/Video and PrintedPix.com. IPMM develops web properties, syndicates event content, manages social media publicity and provides AV services for clients on-site. More at IPMicroMedia.com
Tuesday, June 16, 2009 at 7:41 PM Posted by Oscar Hoy
Michael Kirk shows Ken Lewis and John Thain from Merrill Lynch in the rocky merger during the brink of the financial colapse
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Friday, January 23, 2009 at 11:04 PM Posted by Oscar Hoy
Click this link to watch the ASCENT OF MONEY, a series on the crisis and the history of economics.
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at 10:51 PM Posted by Oscar Hoy
A six part series? Could you do this every day???
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Sunday, January 18, 2009 at 11:03 AM Posted by Oscar Hoy
Citigroup has been in the news reporting almost 10 billion in total losses for the quarter. What is surprising is the almost 2.4 billion total in Private Equity losses. Its hedge funds are doing even worse:
Corporate Special Opportunities clients, who have been barred from redeeming their investments since last January, will get back on 3 cents on the dollar, the Financial Times reports. The news, delivered in a letter dated Dec. 22, is likely to be a bitter disappointment to investors, who had been expecting to receive roughly 10 cents on the dollar.
It is also a bitter blow to the embattled financial giant, which will likely lose the hundreds of million it lent to the hedge fund to prop it up. Citigroup injected $320 million into CSO last year, along with a $450 million credit line, and placed assets with a nominal value of $1 billion with the fund, as well.
Sunday, January 04, 2009 at 10:24 PM Posted by Oscar Hoy
I attended this conference back in 2006 that is cited in the Wall Street Journal.
Nahrep's 2006 convention in Las Vegas was called "Place Your Bets on Home
Ownership." Countrywide Chairman Angelo Mozilo spoke, as did former Housing and
Urban Development Secretary Henry Cisneros, a force in Latino housing
developments in the West.
Thursday, January 01, 2009 at 10:23 PM Posted by Oscar Hoy
Sorry for the dealy in posts. I have been active in markets lately but you can find me chatting up via MIRC at daytraders.org- nick ONmoney =)
As far as lookback, we fell harder and faster then even i expected. I was very bearish since the start of the first Bear Stearns blowup in the Summer of 2007. Lets look forward to some major events that may come out in 2009
1) The currency markets will be the most volatile EVER in the 2009. Media focused on the VIX equity indicators in 2008, the big moves will be in Currency. Active Forex traders should have their hands full.
2) Expect the US goverment to manage the real economy as hard as they managed the banking crisis of 2008. Major infusions of tax capital will try to create obama jobs in 2009. Published unemployment figures should bleed into the 9% level. We cannot have a double digital handle on unemployment or the penguin will reach for the pitchfork.
3) Expect a soverign tier one country to have a debt auction FAILURE in 2009. Take your pick, it might be GP, it might be the United States. Second half 2009 might see long yields explode to the upside and create havoc for public borrowing.
4) BRIC countries will continue to have issues, expect growth to come from these countries into 2010.
5) Deflation will level off, but the risk of inflation should not be a problem in 2009.
6) As part of the obamaNation package, see Dr. Vlado's "National Debt Reset Day" deliberated on the hill. To stem the fall of housing (and MBS tied to them) and the potential for more failures form the option arm reset market topping out in 2010 - Zip codes will have assigned NEW debt markdowns of up to 50% with new nationized rates of interests. Tax credits to offset for those who have kept up payments will be given. Keep the homes OFF the auction market and that will be the start to the bottom of the RE market. 2009 will be the bottom for now in many RE markets, others may reach 1997 levels. RE will not come back for several years.
7) Equity markets should make new lows into the 3rd QTR 2009, dow targets into the 7K region. Bears will be frustrated that we won't fall as hard as fundamentals may warrant.8) Obama will be tested in the first part of the year.
Thursday, October 30, 2008 at 4:58 PM Posted by Oscar Hoy
In an unusually frank article published in Saturday's New York Times, the newspaper's economic columnist, Joe Nocera, reveals what he calls "the dirty little secret of the banking industry"--namely, that "it has no intention of using the [government bailout] money to make new loans."
As Nocera explains, the plan announced October 13 by Treasury Secretary Henry Paulson to hand over $250 billion in taxpayer money to the biggest banks, in exchange for non-voting stock, was never really intended to get them to resume lending to businesses and consumers--the ostensible purpose of the bailout. Its essential aim was to engineer a rapid consolidation of the American banking system by subsidizing a wave of takeovers of smaller financial firms by the most powerful banks.
Nocera cites an employee-only conference call held October 17 by a top executive of JPMorgan Chase, the beneficiary of $25 billion in public funds. Nocera explains that he obtained the call-in number and was able to listen to a recording of the proceedings, unbeknownst to the executive, whom he declines to name.
Asked by one of the participants whether the $25 billion in federal funding will "change our strategic lending policy," the executive replies: "What we do think, it will help us to be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling."
Referring to JPMorgan's recent government-backed acquisition of two large competitors, the executive continues: "And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way, and obviously depending on whether recession turns into depression or what happens in the future, you know, we have that as a backstop."
As Nocera notes: "Read that answer as many times as you want--you are not going to find a single word in there about making loans to help the American economy."
Later in the conference call the same executive states, "We would think that loan volume will continue to go down as we continue to tighten credit to fully reflect the high cost of pricing on the loan side."
"It is starting to appear," the Times columnist writes, "as if one of the Treasury's key rationales for the recapitalization program--namely, that it will cause banks to start lending again--is a fig leaf.... In fact, Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching round of bank consolidation."
Early this month, he explains, "in a nearly unnoticed move," Paulson, the former CEO of Goldman Sachs, put in place a new tax break worth billions of dollars that is designed to encourage bank mergers. It allows the acquiring bank to immediately deduct any losses on the books of the acquired bank.
Paulson and other Treasury officials have made public statements calling on the banks that receive public funds to use them to increase their lending activities. That, however, is for public consumption. The bailout program imposes no lending requirements on the banks in return for government cash.
Already, the credit crisis has been used to engineer the takeover of Bear Stearns and Washington Mutual by JPMorgan, Merrill Lynch by Bank of America, Wachovia by Wells Fargo and, last Friday, National City by PNC.
What the Wall Street Journal on Saturday called the "strong-arm sale" of National City provides a taste of what is to come. The Treasury Department sealed the fate of the Cleveland-based bank by deciding not to include it among the regional banks that will receive government handouts. It then gave Pittsburgh-based PNC $7.7 billion from the bailout fund to help defray the costs of a takeover of National City. PNC will also benefit greatly from the tax write-off on mergers enacted by Treasury.
All of the claims that were made to justify the bank bailout have been exposed as lies. President Bush, Federal Reserve Chairman Ben Bernanke and Paulson were joined by the Democratic congressional leadership and Barack Obama in warning that the bailout had to be passed, and passed immediately, despite massive popular opposition. Those who opposed the plan were denounced for jeopardizing the well being of the American people.
In a nationally televised speech delivered September 24, in advance of the congressional vote on the bailout plan, Bush said it would "help American consumers and businessmen get credit to meet their daily needs and create jobs." If the bailout was not passed, he warned, "More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account.... More businesses would close their doors, and millions of Americans could lose their jobs ... ultimately, our country could experience a long and painful recession."
One month later, the bailout has been enacted, and all of the dire developments--banks and businesses disappearing, the stock market plunging, unemployment skyrocketing--which the American people were told it would prevent are unfolding with accelerating speed.
While Obama talks about the need for all Americans to "come together" in a spirit of "shared sacrifice"--meaning drastic cuts in Medicare, Medicaid, Social Security and other social programs--and the cost of the bailout is cited to justify fiscal austerity, the bankers proceed to ruthlessly prosecute their class interests.
As the World Socialist Web Site warned when it was first proposed in mid-September, the "economic rescue" plan has been revealed to be a scheme to plunder society for the benefit of the financial aristocracy. The American ruling elite, utilizing its domination of the state and the two-party political system, is exploiting a crisis of its own making to carry through an economic agenda, long in preparation, that could not be imposed under normal conditions.
The result will be greater economic hardship for ordinary Americans. The big banks will have even greater market power to set interest rates and control access to credit for workers, students and small businesses.
While no serious measures are being proposed, either by the Bush administration, the Republican presidential candidate or his Democratic opponent, to prevent a social catastrophe from overtaking working people, the government is organizing a restructuring of the financial system that will enable a handful of mega-banks to increase their power over society.
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Thursday, October 09, 2008 at 12:33 AM Posted by Oscar Hoy
Wednesday, October 08, 2008 at 2:56 AM Posted by Oscar Hoy
The rise was all the more worrying as it came despite an extraordinary expansion of credit by the central banks. Analysts at BNP Paribas noted the Federal Reserve alone had expanded its balance sheet by an astonishing 49 per cent in the past three weeks, taking its assets to $1,390bn.
It also broke with tradition to lend to companies directly by buying unsecured commercial paper.
”This is very important, because it means that the Fed has crossed the Rubicon of unsecured lending,” said Stephen Stanley, chief economist at RBS Greenwich Capital.
IS THIS BLACK MAGIC?
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at 1:35 AM Posted by Oscar Hoy
On Tuesday, CME Group and Citadel announced they would be creating an electronic trading platform for credit-default-swap contracts. The venture between the two Chicago firms is meant to launch within 30 days and would provide a fully integrated trading and clearing platform for the complex derivative contracts that have been one of the flash points of the credit crisis.
I'm not a fundamental analyst, but could this be a buy on CME?
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at 1:16 AM Posted by Oscar Hoy
“By keeping its stake in AIG below 80 per cent, as it did when it nationalized mortgage giants Fannie Mae and Freddie Mac 10 days earlier, the US government will be able to keep the company's finances off its accounts. But pressure is building on the pristine triple-A credit rating of the US government, the chairman of Standard & Poor's sovereign ratings committee said. The bail-out ‘has weakened the fiscal profile of the United States’, John Chambers said. ‘There's no God-given gift of a triple-A rating, and the US has to earn it like everyone else,’” according to The Independent.
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at 12:52 AM Posted by Oscar Hoy
Tuesday, October 07, 2008 at 4:05 PM Posted by Oscar Hoy
Labels: credit bubble
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