|Monday 08th of November 2010
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Normal Board - The Whole shebang
Prompt Board Next day settlement
Expert Board All you need re an Individual stock.
The Latest Daily PodCast can be found here
What is #Mindspeak ?
Martin O-O's Visual Presentation KCB at #Mindspeak is here
The Video is being edited as we speak
Have you seen Jeff Koinange's #Mindspeak Session
Its outrageously Good.
Part 1 Jeff and Oprah
Part 2 Mend A Man called Jomo
Gold will break my 1400 Target from the beginning of the Year at any moment.
Greetings from Jumeirah Islands in Dubai. My cursory Observations are
as follows; On the way from the Airport, my Brother Samir pointed out
a number of unfinished Buildings and I thought back to all the
Speculators who must have gotten sunk below the waterline. I remember
reading how properties were flipped 13x before they were occupied pre
the Crash and Most People looking at me and saying with that curious
linguistic turn which makes Dubai sound like its Dubeyyyy is
different. Lilette Dubey is an Indian Actress of whom I was very fond
-Monsoon Wedding refers - and Nishet used to watch me very keenly
whenever I mentioned My desire to watch any Film in which she starred.
I digress - I was recalling How Just everyone told me they have
invested in Dubeyyy and I used my Sunday to get around and feel the
More critically I did worry that I might be Persona Non Grata after I
gave this Interview on AlJazeera 29th November 2009
Currency Markets at a Glance WSJ
US Labor Department said the U.S. nonfarm payrolls expanded by 151,000
in October, more than economists had expected.
The euro fell to $1.4039, down from $1.4209 in late North American
trading on Thursday. It’s still near the highest since January,
“The PIIGS started to smell again,” he added, referring to Portugal,
Ireland, Italy, Greece and Spain.
Worries swirled about the PIIGS Friday and US Employment Data was
stronger than expected but I do not see a Trend Change yet.
Gold 24 Hour Live Spot Price KITCO 1394.10
Gold futures rallied to a fresh record high Friday, settling less than
$3 away from $1,400 an ounce a day after their biggest one-day gain in
nearly 20 months. Gold for December delivery
/quotes/comstock/21e!f:gcz10 (GCZ10 1,394, +14.60, +1.06%) added
$14.60, or 1.1%, to $1,397.70 an ounce on the Comex division of New
York Mercantile Exchange. Silver and copper also hit historic high
The metal went from losses to a solid rally in under three hours of
floor trading, and kept going even as other commodities and the stock
market moderated their gains. Gold rose 2.9% on the week, on the heels
of a 2.5% gain in the prior week. Gold’s record run on Friday
surpassed Thursday’s settlement record of $1,383.10 an ounce, notched
a day after the U.S. Federal Reserve said it would buy an additional
$600 billion in U.S. Treasurys to stimulate the economy. The metal got
back into record-breaking mode Thursday. It had posted 17 record highs
in little more than five weeks in September and October.
Would monsieur care for five desserts or eight, the waiter asked Bloomberg
Food, Climate & Agriculture
Would monsieur care for five desserts or eight, the waiter asked more
than two hours into dinner at Pierre Gagnaire in Paris, a meal that
had featured five amuses- bouche in addition to some dozen plates of
Eight please, I said, assuming that we were talking about miniature
distillations of powerful flavors, the culinary equivalent of a world
in a grain of sand. The reality was more substantial: Four plates
arrived, and they weren’t tiny. One contained two jellies (tomato,
verbena) and prune sorbet.
I must have looked shocked. The waiter, noting my baffled expression,
attempted reassurance: “I’m bringing the other four desserts after
these,” he said, with a smile.
Gagnaire isn’t for the fainthearted. It’s not so much the quantity of
food. While the servings are plentiful, the portions aren’t large, and
the dishes aren’t especially rich. The starter on the tasting menu --
skate wing in a lovage jelly with citrus fruit and coriander and diced
peppers -- was as clean and fresh as a bright autumnal morning.
The second course, prawns and cockles with seasonal vegetables in a
champagne sauce, was perfectly balanced, the sweetness of the sauce
drawing together the elements from earth and sea with the finesse of a
“Strictly Come Dancing” pro. (That’s “Dancing With the Stars” if
you’re in the U.S.)
Tanzania’s Kikwete Wins Reelection With 61% of Vote Bloomberg
Law & Politics
Tanzanians reelected President Jakaya Kikwete with 61 percent of the
vote, giving him a second five- year term to undertake policy
improvements aimed at bolstering East Africa’s second-biggest
economy.Wilbrod Slaa of the opposition Chadema party won 26 percent of
the ballots cast, Lewis Makame, chairman of the National Electoral
Commission of Tanzania, said in remarks broadcast live on Tanzania
Broadcasting Corp. today in Dar es Salaam, the commercial capital. The
remaining votes were divided among five other candidates, though one
of them dropped out on Oct. 28, which was too late to remove his name
from the ballot.Kikwete won with less support than the 80 percent of
votes he garnered in the previous election in 2005, signaling rising
public disapproval, particularly among young voters, Anne Fruhauf, a
London-based Africa analyst with Eurasia Group, said by phone today.
“His platform initially was a better life for all and there is a
strong sense that he’s not delivering on that,” Fruhauf said. “Even
though he steered the economy through the global financial crisis,
there is a strong sense that at home in terms of poverty alleviation,
he hasn’t really delivered.”
Tanzania has a poverty rate of 50 percent that the state aims to
reduce to 30 percent by 2015, according to the government’s website.
That Rate of Slide makes 2015 an entirely different Prospect.
Ghana’s Economy 75% Bigger Than Previously Estimated (Update2) Bloomberg
Ghana’s economy is 75 percent bigger than previously calculated, the
country’s Statistical Service said, slashing the relative size of the
fiscal deficit and the current-account shortfall.The West African
nation’s gross domestic product this year is 44.8 billion cedis ($31.2
billion), compared with the previous estimate of 25.6 billion cedis,
Grace Bediako, head of the Accra-based agency, told reporters today.
“The revisions will be a huge positive for the relative risk matrix”
of Ghana, Stephen Bailey-Smith, an analyst at Standard Bank Plc in
London, said in a note to clients. The changes “should foster a rating
Standard & Poor’s cut Ghana’s credit rating to B, five steps below
investment grade, on Aug. 27, citing concern about the large fiscal
deficit and a lack of clarity on oil-industry laws. The government
posted shortfalls equivalent to 14.5 percent of GDP in 2008 and 9.7
percent in 2009. The International Monetary Fund said on Oct. 1 that
the shortfall may exceed the 8 percent target this year. Those figures
are now significantly smaller.
The statistics service also raised its growth forecast for this year
to 6.6 percent from 5.9 percent, and revised up its calculations for
the previous three years. GDP expanded 4.7 percent in 2009, 8.4
percent in 2008 and 6.5 percent in 2007, compared with previous
estimates of 4.1 percent, 7.2 percent and 5.7 percent.
Economic growth slowed in 2009 after the government embarked on an
austerity program to bring down the budget deficit. Ghana posted a
current account deficit of about 7.9 percent of GDP last year,
according to the previous data.
Ghana’s 8.5 percent fixed-rate Eurobond due October 2017 was bid for
as much as $115.50 at 5:14 p.m. in London, with a yield of 5.746
percent, according to data compiled by Standard Bank London. The bid
price is 0.5 percent higher than yesterday’s close of $114.87, while
the yield is 10 basis points lower.
Today’s announcement “confirms that over the last five years Ghana has
performed better than most of its peers,” Wayne Mitchell, the country
representative for the IMF, said in an interview today.
The size of the economy was revised up after new economic activities
were added, methodology was improved and the base year was shifted to
2006 from 1993, Bediako said.
“The new data series includes activities of the oil sector, forest
plantations and information and communication, which were not included
in previous estimates,” she said.
The new GDP places Ghana among middle-income countries, as defined as
those with a per capita income of more than $976 a year, Bediako said.
Ghana’s is now $1,318.36.
Ghana’s economic growth may average about 8 percent in the next three
to five years, as oil production starts from the West African nation’s
Jubilee oil field December, Kofi Wampah, deputy central bank governor
said Oct. 7.
Wampah said the economy may expand 10 percent to 15 percent next year,
slower than Finance Ministry’s prediction of 20 percent.
Ghana All share Bloomberg Visual +24.084% 2010
Plenty just Plenty of Head Room, I venture.