Tepid jobs news barely dents stock market advance

NEW YORK ? A tepid jobs report Friday barely dented a summer rally on the stock market.

The Standard & Poor's 500 index ended the week 1 percent higher after breaking through 1,700 points for the first time Thursday. The index has risen for five of the last six weeks. The Dow Jones industrial average rose 0.6 percent and is on a streak of six weekly gains.

On Friday, indexes dropped in early trading after the U.S. added fewer jobs than forecast in July, curbing optimism that the economy is poised to pick up strength in the second half of the year. The market gradually recovered throughout the day and major indexes ended slightly higher. The gains were enough to set all-time highs for the Dow and S&P.

The government reported that 162,000 jobs were created last month, pushing the unemployment rate down to a 4?-year low of 7.4 percent. The number of jobs added was the lowest since March and below the 183,000 economists polled by FactSet were expecting.

Brad Sorensen, Charles Schwab's director of market and sector research, said the jobs report was "moderately disappointing."

"That tepid growth we've seen, (the economy) not being able to reach escape velocity, continues to be the story," Sorenson said.

Investors have been watching economic reports closely and trying to anticipate when the Federal Reserve will start easing back on its economic stimulus. The central bank is buying $85 billion in bonds every month to keep long-term interest rates low and encourage borrowing.

While the jobs report wasn't encouraging, it did make it more likely that the Fed would take its time cutting back on stimulus, said Doug Lockwood of Hefty Wealth Partners. The stimulus from the central bank has been an important factor powering a four-year bull run in stocks.

"As long as there's this concept that the Fed may still need to be involved and stimulate, that's good for both the bond and the stock market," said Lockwood. "You're seeing the trampoline effect; the market drops and then comes back up."

The S&P 500 ended Friday up 2.80 points, or 0.2 percent, to 1,709.67. The index is up 6.4 percent since the start of July. The Dow Jones industrial average rose 30.34 points, or 0.2 percent, to 15,658.36.

Seven of the 10 industry sectors that make up the S&P 500 gained, led by consumer discretionary stocks. Of the three groups that fell, energy stocks dropped the most.

Investors were also assessing company earnings.

Chevron fell after it became the latest big energy company to disappoint investors with lower earnings. Chevron's profit fell 26 percent to $5.4 billion due to lower oil prices and maintenance work at refineries. The stock fell $1.49, or 1.2 percent, to $124.95.

In this Wednesday, July 31, 2013, photo, dpecialists Joseph Dreyer, left, and Donald Civitanova work on the floor of the New York Stock Exchange. World stocks were mostly higher as investors awaited key U.S. data later Friday Aug. 2, 2013 that they hoped would add further evidence of a strengthening recovery in the world's biggest economy. (AP Photo/Richard Drew)

LinkedIn surged $23.58, or 10.6 percent, to $235.50 after the professional networking company's results topped analysts' estimates. LinkedIn had its biggest quarterly membership gain since going public in May 2011.

In other trading, the Nasdaq composite rose 13.84 points, or 0.4 percent, to 3,689.59.

The technology-heavy index got a boost from PC maker Dell, which gained 72 cents, or 5.6 percent, to $13.68 after a special committee of the company's board agreed to an increased offer from founder Michael Dell. The deal would add a special dividend for shareholders.

Government bonds rose after the weak employment report. The yield on the 10-year Treasury note, which falls when the note's price increases, fell to 2.60 percent from 2.71 percent Thursday. Bonds were regaining some lost ground after a sell-off Thursday prompted by a string of promising economic reports.

Investors will have to live with increasing volatility in the bond market in coming months as the Federal Reserve eventually begins to wind down its stimulus program, said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank.

The yield on the 10-year Treasury note is 1 percentage point higher than it was May 3, when it hit a low for the year of 1.63 percent.

Investors "are used to having stability in their bonds and volatility in their stocks," Florance said. "In the next 18 months it could be exactly the opposite, with stability in the stock market and volatility in the bond market."

The S&P 500 is up 19.9 percent this year, and has gained nine out of the last 10 months.

In commodities trading, the price of oil fell 95 cents, or 0.9 percent, to $106.94 a barrel. Gold fell 70 cents, or 0.1 percent, to $1,310.50 an ounce.

The dollar fell against the euro and the Japanese yen.

Among other stocks making big moves:

? Viacom surged $4.81, or 6.5 percent, to $79.17 after the media company said its income rose 20 percent in the latest quarter, boosted by affiliate fee revenue its cable TV channels and higher advertising revenue. Viacom also increased its stock buyback program to $20 billion from $10 billion.

? American International Group, the insurer the government bailed out during the financial crisis, rose $1.26, or 1.3 percent, to $48.33 after the company said late Thursday that its profit grew 17 percent in the second quarter. AIG also announced its first dividend since 2008 and said its board had approved a $1 billion stock buyback plan.

? Weight Watchers International plunged $9.04, or 19 percent, to $37.99 after the company reported late Thursday that its second-quarter net income fell 16 percent. The company also named a new CEO and said recruitment trends are weak.

Source: http://www.therepublic.com/view/story/e8af8303d63145cab65af7dad5e9efa3/US-Wall-Street

detroit tigers Nick Jonas Eileen Brennan bradley manning What Did Riley Cooper Say Sydney Leathers brian wilson

Guitarist Nile Rodgers: 'I'm All Clear' of Cancer

?Nile Rodgers performs in London.

Brigitte Engl/Redferns via Getty Images

July 31, 2013 10:30 AM ET

Nile Rodgers got some good news from his doctor earlier this week. The Chic guitarist and Daft Punk collaborator was given the all-clear in his fight against prostate cancer, which he was diagnosed with in 2010.

"Instead of showing gross internal video I'll show my doctor's fly examination room. I'M ALL CLEAR AGAIN!" Rodgers tweeted. Still, he was measured in his relief. "I never celebrate much when I get an all-clear because in six months I'll go through the same drama," Rodgers tweeted. "[But] All-clear is a lot better than the cancer has returned and it's spread."

Photos: Nile Rodgers ? C'est Chic

Rodgers has credited "Get Lucky," his recent hit with Daft Punk and Pharrell Williams, as a driving force behind his recovery. "I was facing life and death issues and then to get something so rewarding as a Number One record is pretty amazing," Rodgers told Britain's?Official Charts Company in May. "I think this particular experience rates very high, because two years ago I was stricken with cancer just right out of the clear blue sky. I had no indication it was coming on, I was what is called asymptomatic and when they found it, it was diagnosed as incredibly aggressive. So I went from having no symptoms to 'you can die any moment and you have to take this very seriously.'"

He continued, "From that moment I decided I was going to work as much as I could, play as many concerts, do as many records, because that's what I live for. I said to myself, if I had a reason to get up the next day, hopefully I'll get up the next day because I just love to do my job."

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

Source: http://www.rollingstone.com/music/news/guitarist-nile-rodgers-im-all-clear-of-cancer-20130731

b.i.g 1000 words ron white ron white buckyballs buckyballs awake

Mexico president to present energy reform next week

MEXICO CITY (Reuters) - Mexican President Enrique Pena Nieto said on Thursday his sweeping energy reform, which is expected to include constitutional changes to lure private investment and boost output, will be presented to Congress next week.

The energy reform is a key plank of a wider economic overhaul designed to boost growth in Latin America's No. 2 economy to 6 percent a year, create jobs and lower energy costs.

"The government will be presenting my initiative, the initiative of the government, in the coming days, I think next week," Pena Nieto told local radio from a hospital where is recovering from the surgical removal of a benign nodule on his thyroid gland. He gave no details about the bill.

A top lawmaker from Pena Nieto's ruling Institutional Revolutionary Party, or PRI, said on Wednesday he expected the reform to be presented on August 7.

Pena Nieto said he hoped the initiative would be debated by Congress during a special legislative period set to begin in mid-August, setting up what is likely to be a heated debate over the future of Mexico's oil riches.

Mexico's conservative National Action Party, or PAN, proposed its own aggressive energy reform on Wednesday, which would dismantle the current ban on concessions and risk-sharing contracts in addition to a broad opening of the electricity sector and the creation of a fund to administer Mexico's oil wealth.

Mexico is the world's 10th biggest producer of crude oil, according to OPEC data, yet output has fallen by a quarter since hitting peak production of 3.4 million barrels per day in 2004.

The country also is a top oil exporter to the United States but has to import nearly half of its gasoline due to a lack of domestic refining capacity.

'SOMEWHERE IN THE MIDDLE'

"I think the required consensus is in place for a meaningful reform to be passed because both the PAN and PRI favor a market- friendly approach," said Gabriel Salinas, a lawyer with Mayer Brown's Latin America energy group.

"But the PRI reform is not expected to be as revolutionary as the PAN's proposal. It will likely come down somewhere in the middle," he said.

Pena Nieto will need PAN backing to secure the required two-thirds majority in Congress to pass the bill. The PAN's proposal raises the likelihood the government will push through a deep reform.

The leftist Party of the Democratic Revolution has made clear it will not support constitutional changes, which it argues are tantamount to privatization. Leftist opponents of any constitutional changes have vowed massive street protests.

Top PRI lawmakers have signaled in recent weeks that the government's energy reform bill will include controversial changes to the constitution.

The PAN's energy proposal seeks to reform Articles 25, 27 and 28 of the constitution, and also would strengthen the country's energy regulatory bodies by making them autonomous.

The proposal would permit other operators to engage in the exploration and production of crude, effectively breaking the monopoly enjoyed by state-run oil and gas company Pemex, Mexico's sole operator under the existing legal framework.

(Reporting by Mexico Newsroom; Editing by Leslie Adler and Bill Trott)

Source: http://news.yahoo.com/mexico-president-present-energy-reform-next-week-221508902.html

Game Of Thrones Season 3 campfire Kordell Stewart cesar chavez Wichita State hbo Buckwild

74-year-old scrapbook returned to well-known, local Chinese family ...

Vallejo resident Jeff Feri, who grew up in Sacramento, presents a vintage family scrapbook to Dr. Herbert Yee. Photo by Lance Armstrong

South Land Park resident Dr. Herbert Yee, a retired local dentist and the patriarch of a well-known Sacramento Chinese family, and his wife, Inez, had an unexpected and pleasant surprise last week.
After being called to a special meeting arranged by this publication, Vallejo resident Jeff Feri drove about 60 miles to meet the Yees and explain why he was the central part of the gathering, which was held at the South Land Park Chinese restaurant, Macau Caf?.
While directing his attention toward Herbert and Inez, Jeff, who was accompanied by his 19-year-old son, Jordan, said, ?I live in Vallejo and there?s this old homeless guy, Al, that comes around. He?ll try to sell me an old bicycle part or something. I get off work and I usually give him the aluminum cans from my car or whatever. So, I usually look at the stuff that he has, and on this particular day he had this scrapbook. I just looked at it and it had (Yee family related) newspaper clippings from 1939 from The Sacramento Union, (a newspaper), which we all know doesn?t exist anymore. So, I said, ?If you don?t mind me having it, I would like to look into it.? I looked online and saw the report that (The Land Park News) did on (Herbert) and I figured maybe Dr. Yee (and his family) would like to have this (scrapbook).?
After contacting this publication, Jeff described the scrapbook and how he acquired it.
Unfortunately, Jeff, who spent his entire life residing in Sacramento before moving to Vallejo four years ago, said that Al had no recollection of how the book came to be in his possession.

Dr. Henry Yee, a notable herbal doctor and chiropractor in Sacramento, was among the leaders in the Chinese and American communities. Photo courtesy of the Yee family

The paper covers of the 9-inch by 12-inch, spiral-bound scrapbook features a printed artistic representation of a Dutch countryside, which unsurprisingly includes an image of a windmill as its focal point.
Inside the book are 70 yellowed pages, the earliest of which contain the majority of the newspaper clippings.
Most of these writings were printed in English, while others were cut out of Chinese newspapers.
Nearly all of the clippings, which were affixed to pages of the book with glue, are from 1939, and the latest dated clippings were added to the book in 1965.
A letter-sized page of lined paper with handwritten Chinese writings is tucked away between pages of the book.
After observing the page, Herbert, 89, said that these writings were most likely written by his father, Dr. Henry Way Yee, or his mother, Hum We Fong Yee.
The hand-written writings, Herbert added, feature information pertaining to the Sacramento chapter of the Yee Fung Toy Family Association.
Included on one page of the book are birth announcements from The Union that include news of the birth of Herbert?s sister, Carol, at the Sutter Maternity Hospital ? today?s Sutter Memorial Hospital.
Herbert especially enjoyed that the scrapbook was mainly dedicated to his father?s writings, which were published as advertisements for his business, Dr. Henry Yee Herb Co., at 707 J St.
The articles feature themes related to such topics as longevity, healthy eating practices, rheumatism and, of course, Chinese herbs.
The book also includes an advertisement inviting people to undergo $1 ?complete examinations? at Henry?s office. The examination included the use of an X-ray fluoroscope and ?the wonderful, new hemovitameter.?
The latter, 4-foot-tall, 3-foot-wide instrument was claimed to serve the purpose of ?detecting the presence of infections, toxins and disease in the human body.?
Henry was a descendent of the more than 1,000-year-old Yee family of China.
His grandfather, Yee Fung Cheung, was perhaps the first Chinese herbal doctor to come to the United States. In 1851, he established his practice in Amador County?s Fiddletown, which was then the largest Chinatown in the state outside of San Francisco.
Yee Fung Cheung, who also practiced in Sacramento and Virginia City, Nev., was the father of Dr. T. Wah Hing, a Sacramento physician and surgeon whose true name was Yee Lock Sam.
Dr. T. arrived in Sacramento with Henry Yee in 1906, and about a decade later, Henry graduated from Sacramento High School.
Henry later attended Stanford University and the University of California, Berkeley.
He continued his education at the University of Michigan, where he earned bachelor?s degree in civil engineering in 1921 and a master?s degree in the same subject in 1923.
During the same year, Henry, after working for the Michigan highways department, returned to China.
And while once again in his native country, Henry served as chief engineer of railroads and highways in the Canton area from 1924 to 1926 and chief of public works in Swatow from 1926 to 1929.
Henry returned to America in 1929 with his son, Paul. He eventually earned sufficient money to pay for Paul to bring the rest of the family to the United States.
Henry was among the leaders in the Chinese and American communities.
Among his many roles were his service as the two-time grand president of the Yee Fung Toy Family Association, seven-term vice president of the Chinese Benevolent Association, director of the Chinese Language School of Sacramento, vice president of the Bing Kong Tong Association of Sacramento, chairman of the board of Yee Investments, Inc., charter member of the Chinese Lions Club and chairman of the board of the Chinese Methodist Church.
Additionally, Henry was active in the efforts to build the Confucius Temple and community center at 4th and I streets.
He also founded Big Town Market in 1940. The market, which was located at 2210 16th Street, was one of the city?s first Chinese supermarkets.
In describing how much his father meant to him, Herbert said that ever since his father passed away at the age of 84 on June 8, 1979, he has carried a photograph of him in his wallet and worn a jade ring that belonged to him.
Herbert said that the presentation of the scrapbook was a very interesting and joyous experience for him.
?Number one, I was interested in where (Jeff) found it,? Herbert said. ?My sister (May Yee Chinn) used to live in Vallejo, so it may have formerly been in her possession. (The book) brings back pleasant memories of our father and mother. We get busy in life and then when something like this happens, we think about (special memories) more.?
Following his meeting with Herbert and Inez, Jeff, who graduated from Johnson High School in 1990, said that he was very pleased to have had the opportunity to present the scrapbook to the Yee family.
?I was just trying to do something good,? Jeff said. ?I did it because I would want the same thing done if the roles were reversed. It just so happens that (Herbert) is a very prominent member of the community, but I would have given the book to a janitor. And because (Herbert) appreciated (the book), it made me feel better about going out of my way to get that to him.?

Source: http://www.valcomnews.com/?p=11499

Little Nemo gawker Romney Bosses Day 2012 Arlen Specter Winsor McCay Amanda Todd

La. city police arrested men under sodomy law

BATON ROUGE, La. (AP) ? An East Baton Rouge Parish Sheriff's Office task force arrested at least 12 men since 2011 under a sodomy law invalidated a decade ago the U.S. Supreme Court, a newspaper reported Sunday.

The most recent arrest was July 18 when a man discussed or agreed to have sex with a male undercover agent, The Advocate (http://bit.ly/13mSpdc) reported. The task force was trying to deter sexual activities at the parish's public parks.

Although sex in public and sex solicitation for money are illegal in Louisiana, neither was part of these 12 cases, and most of the men were arrested after agreeing to have sex away from the park at a private residence, District Attorney Hillar Moore III told the newspaper.

"The sheriff's office's intentions are all good," Moore said. "But from what I've seen of these cases, legally, we found no criminal violation."

The Supreme Court ruled in 2003 that a Texas law against oral or anal sex was invalid. Louisiana was among nine states with such laws. Richard Leyoub, then attorney general, said the high court's ruling made Louisiana's law unenforceable.

The sheriff's office sent a statement Sunday to the newspaper saying it "should have taken a different approach" to worries about park safety, the newspaper reported (http://bit.ly/14pLnEv ).

"We will consult with others in the legislative and judicial branches to see what can be done to remove this law from the criminal code that each deputy receives and to also find alternative ways to deter sexual and lewd activity from our parks," it said.

Metro Councilman John Delgado said Sheriff Sid Gautreaux owed an apology to the men arrested and the entire parish.

Delgado said he will file public records requests to determine when the district attorney's office told the sheriff's office that the men targeted had committed no crime.

"You cannot simply hide behind not knowing that the law had been changed by the U.S. Supreme Court decision in 2003," Delgado said in email to the sheriff's office. "The sheriff's actions are a violation of the civil rights of these men under the 5th and 14th Amendments. Ignorance of the law is no excuse ... Doesn't your office tell people that all the time?"

___

Information from: The Advocate, http://theadvocate.com

___

Information from: The Advocate, http://theadvocate.com

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-07-28-Louisiana-Sodomy%20Arrests/id-a4fde0d826e843a7a834bd3c66426c96

Texas explosion Paul Kevin Curtis gucci mane Chicago sinkhole Panda Express illuminati illuminati

Gateway to Baseball Heaven - Jul 29,2013

On his show, Comedian Rodney Perry covers arts and entertainment, everything from comedy and politics to music and acting, with his signature comedic slant.

MashUp Radio is a 30-minute podcast that discusses the fusion of technology, life, culture and science. Host Peter Biddle, engineer and executive for Intel?s Atom Software, dishes up a thought-provoking discussion.

Joy Keys provides her listeners with insight to improve their lives mentally, physically, monetarily and emotionally. Past guests on the show have included Meshell Nedegeocello, Blair Underwood, in addition to an impressive list of CEOs, humanitarians and authors.

Host Barry Moltz gets small businesses unstuck. He has founded and run small businesses with a great deal of success and failure for more than 15 years. This is a business radio show where he shares all the craziness of small business. It?s that craziness that actually makes it exciting, interesting and totally unpredictable.

The Bottom Line Sports Show is hosted by former NBA stars Penny Hardaway, Charles Oakley, Mateen Cleaves. Tune in to get the inside scoop on what's happening in sports today.

Hits Radio covers basketball, sports culture and entertainment with past guests including Jason Kidd, Robin Lundberg and Chris Herren.

Listeners get an earful on The Halli Casser-Jayne Show, Talk Radio for Fine Minds. Whether it?s the current political cocktail or the latest must-read award-winning book, Halli tackles all topics and likes to stir ? and sometimes shakes ? things up.

Official Internet radio show of forthcoming epic paranormal investigation book by Eric Olsen and "Haunted Housewife" Theresa Argie.

Award-winning World Footprints is a leading voice in socially responsible travel and lifestyle. Hosts Ian & Tonya celebrate culture and heritage and bring a unique voice to the world of travel.

Football Reporters Online is a group of veteran football experts in the fields of coaching, scouting, talent evaluation, and writing/broadcasting/media placement. Combined, the group brings well over 100 years of expertise in sports.

Host John Martin interviews the nation's leading entrepreneurs and small biz experts to educate small business owners on how to be successful. Past guests have included Emeril Lagasse and Guy Kawasaki.

The Movie Geeks share their passion for the art through interviews with the stars of and creative minds behind your favorite flicks and pay tribute to big-screen legends. From James Cameron and Francis Ford Coppola to Ellen Burstyn and Robert Duvall, The Geeks have got'em all.

Sylvia Global presents global conversations pertaining to women, wealth, business, faith and philanthropy. Sylvia has interviewed an eclectic mix from CEOs and musicians to fashion designers and philanthropists including Randolph Duke and Ne-Yo.

Mr. Media host Bob Andelman goes one-on-one with the hottest, most influential minds from the worlds of film, TV, music, comedy, journalism and literature. That means A-listers like Kirk Douglas, Christian Slater, Kathy Ireland, Rick Fox, Chris Hansen and Jackie Collins.

Paula Begoun, best-selling author of Don't Go to the Cosmetics Counter Without Me, separates fact from fiction on achieving a radiant, youthful complexion at any age. She?s regularly joined by health and beauty experts who offer the latest on keeping your skin in tip-top shape.

Source: http://www.blogtalkradio.com/seamheads/2013/07/29/gateway-to-baseball-heaven

flyers epo PlayStation Network chip kelly NRA Golden Globes 2013 Sandy Hook conspiracy

Brady Hoke roots for Ohio State fan cancer survivor

You no doubt heard about the courageous kid who was stricken with cancer, named his cancer ?Michigan? and made the goal to ?beat Michigan.? This young man, named Grant Reid is obviously a huge Ohio State fan. And Mr. Reid did in fact beat his cancer. He?s currently in remission. Michigan Wolverines coach Brady Hoke hooked Reid up with free tickets.

Obviously, matters of life and death, serious health issues are much bigger than college football rivalries. It makes us realize it?s only a game. Brady Hoke knows that.

This came up at Big Ten Media Day

Q: What were your thoughts when you initially heard Michigan being compared to cancer, and what was the reaction from Grant Reid when you called him and offered him tickets to the game?

Brady Hoke: ?Well, number one reaction is we were glad. We were excited for that young man. And being a father, our children are so important and you try and put yourself through what that family has gone through.

?So him beating Michigan in this context, we were all for it. But it?s just something ? I?ll be honest with you, it was something that we had
talked about, Justin Dickens (Michigan Sports Information Director) and myself, because our kids do an awful lot in Mott Hospital, C.S. Mott. And our
daughter was five months in the hospital when she was born, and so you just imagine what that family was going through.
And I spoke to Grant a little bit. He?s doing well. He was excited.?

Brady Hoke has perspective. He has priorities. Brady Hoke is a class act.

Paul M. Banks is the owner of The Sports Bank.net, an affiliate of Fox Sports. An analyst for 95.7 The Fan, he also writes on Chicago sports media for Chicago Now. President Obama follows him on Twitter (@paulmbanks)

Source: http://www.thesportsbank.net/michigan-wolverines/brady-hoke-osu-fan-cancer-survivor-872/

askew blue moon ann romney Paul Ryan Speech chris cooley chris cooley condoleezza rice