11/29 DailyFinance

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. DailyFinance Can Dubai's energy reserves pay off its $80 billion in debt? November 28, 2009 at 1:00 pm Filed under: Energy, Economy The Dubai debt default seems to have inspired a bit of fear in the U.S. But is there any real reason for it? U.S. banks have minimal exposure to Dubai's debts -- most of the banks that would suffer if Dubai defaulted are located in the Middle East. Nevertheless, U.S. markets fell 1.7% Friday during a holiday-shortened trading day -- after futures suggested the market would be down 2.7%. But if Dubai's oil reserves exceed its debts, it could sell oil to repay them. The extent of Dubai's energy reserves is in dispute. The New York Times reports that Dubai's oil reserves are minimal, noting it "is one of the few member states of the United Arab Emirates [UAE] that has little oil wealth of its own." (Dubai is one of seven emirates that together make up the UAE.) Yet other sources suggest Dubai has significant oil and gas reserves -- worth $311.4 billion at today's prices -- a figure that does not strike me as minimal in light of Dubai's $80 billion in debt Continue reading Can Dubai's energy reserves pay off its $80 billion in debt? Can Dubai's energy reserves pay off its $80 billion in debt? originally appeared on DailyFinance on Sat, 28 Nov 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Investors, stay in the game: Loss aversion causes big losses over long term November 28, 2009 at 12:15 pm Filed under: Investing When a friend recently told me she wanted to invest more money in bonds, I was surprised. Not just because we rarely discuss specific investments. (I'm uncomfortable giving friends financial advice for obvious reasons). But mostly because she's considering loading up on bonds right now. Wow, bad timing. So despite my self-imposed rule to not interfere, I couldn't help blurting out, "Are you sure? Don't you already have bonds?" She said she did, but then added how much she appreciates bond funds' regular gains. Of course it's a natural impulse to seek security. But my friend's dilemma illustrates a classic case of what behavioral economists call loss aversion. Continue reading Investors, stay in the game: Loss aversion causes big losses over long term Investors, stay in the game: Loss aversion causes big losses over long term originally appeared on DailyFinance on Sat, 28 Nov 2009 12:15:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Dubai bailout may come from rich neighbor Abu Dhabi November 28, 2009 at 11:30 am Filed under: Economy, Real Estate As banks and global analysts try to parse the Dubai debt problem by examining who owes what to whom, the most likely candidate to bailout the Arab emirate, its wealthy neighbor Abu Dhabi, has said it may help on a case-by-case basis. In an exclusive interview with Reuters, a government official in Abu Dhabi said the UAE capital will "pick and choose" how to assist its debt-laden neighbor Dubai. That means that the exposure some large global banks have may not be part of any assistance package from other Arab neighbors, and that potential problems with write-offs may still exist. Continue reading Dubai bailout may come from rich neighbor Abu Dhabi Dubai bailout may come from rich neighbor Abu Dhabi originally appeared on DailyFinance on Sat, 28 Nov 2009 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Black Friday: Macy's CEO Lundgren "encouraged" by sales traffic November 28, 2009 at 10:45 am Filed under: Company News, Columns, Economy, People, Investing, Earnings, Macy's, Wal-Mart Stores Macy's (M) CEO Terry Lundgren said he's "encouraged" by the level of buying activity at the company's Herald Square store in New York City Friday. The day after Thanksgiving in the U.S. is nicknamed Black Friday because it's the day when many retailers become profitable for the year. Macy's Chairman and Chief Executive Officer Lundgren told DailyFinance that Macy's sales were strong Friday because of the number of people he saw in the store walking around with purchases. Continue reading Black Friday: Macy's CEO Lundgren "encouraged" by sales traffic Black Friday: Macy's CEO Lundgren "encouraged" by sales traffic originally appeared on DailyFinance on Sat, 28 Nov 2009 10:45:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Entering the nuclear age? A utilities CEO wants federal control on energy November 28, 2009 at 10:00 am Filed under: Energy, Technology, Economy, Green Will the federal government ever take more control of the nation's energy policy? At the Carbon Economy conference in Washington in mid-November, Duke Energy (DUK) CEO Jim Rogers stole the show when he broached that idea. Today, each state has tremendous power to manage its own energy needs; governors and state public utility commissioners decide how much electricity is generated, from which sources -- renewable or traditional fossil-fuel -- and how much the electricity will cost. And renewable portfolio standards, which mandate that more electricity come from renewable-energy sources, have been entirely state-run initiatives. Continue reading Entering the nuclear age? A utilities CEO wants federal control on energy Entering the nuclear age? A utilities CEO wants federal control on energy originally appeared on DailyFinance on Sat, 28 Nov 2009 10:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Thailand is 'in network'? Employers and insurers embrace medical tourism November 28, 2009 at 6:00 am Filed under: Healthcare Like some 47 million other Americans, Nancy Sowa (pictured) doesn't have health insurance. So when her doctors last year told her she needed a total hip replacement, the office manager for a non-profit did what a growing number of U.S. citizens are doing: She headed abroad. At Wockhardt Hospital in Bangalore, India, the 56-year-old was put up in a hospital "suite" far swankier than what she would typically find in the U.S., with a computer, fridge, cable TV, sitting area and an extra bed for her travel companion. More to the point, the two-hour surgery in July, performed by an orthopedic surgeon trained in the U.S. and Australia, was a success. Four months later, the Durham, N.C. resident is feeling like her old self again, going for long hikes and planning her next vacation. The final tab for the procedure, including rehabilitative therapy and round-trip airfare for two? $12,000. That's a fraction of the $45,000 to $90,000 she had been told the surgery would cost at home. Continue reading Thailand is 'in network'? Employers and insurers embrace medical tourism Thailand is 'in network'? Employers and insurers embrace medical tourism originally appeared on DailyFinance on Sat, 28 Nov 2009 06:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.