Chavez orders navy to Venezuela’s seaports

President Hugo Chavez on Sunday dispatched the navy to Venezuela’s seaports, warning that state governors who challenge a new law bringing transportation hubs under federal control could end up in prison.
Speaking during his weekly television and radio program, Chavez ordered naval vessels to seize control this week of Port Cabello in Carabobo state and Maracaibo Port in Zulia state — two of Venezuela’s largest seaports.

Then he singled out the opposition-sided governors of those states — Carabobo Gov. Henrique Salas and Zulia Gov. Pablo Perez — and told military officers they might decide to flout the newly approved law.

"If he gets smart … that deserves prison," Chavez said of Salas. "The same goes for the governor of Zulia."

Lawmakers loyal to Chavez voted last week to bring all airports, highways and seaports under federal control, a move government adversaries said was designed to expand the president’s power.

"This is a national security issue," Chavez said Sunday, defending the law.

The socialist leader accused "corrupt" governors of allowing drug smuggling through airports and seaports previously under their administration to thrive, and he promised a government crackdown.

"We’ve given drug trafficking tough blows, but we must recognize that they still have some bases in the ports and airports," Chavez said.

Opposition governors warned that the law approved last week by the  National Assembly is designed to strangle the president’s foes financially and to undermine support from constituents who elected them in November.

Under the law, states and municipalities can no longer collect tariffs at transportation hubs or establish tolls along highways, meaning governors and mayors will have less money for local public projects.

Chavez’s allies won 17 of 22 gubernatorial races in November elections. But opposition leaders gained ground, winning five gubernatorial posts and the Caracas mayor’s office.

Following the vote, Chavez signed a series of decrees giving his government control over hospitals, sports stadiums and other public institutions in states won by the opposition.

China - Its Global Economy and Favored Chinese Language

China is emerging as one of the strong global economy since the last two decade and is the world’s biggest holder of foreign exchange reserves with the reserves touching 1.2 trillion US dollars few months back (March, 2007). Many countries around the world are interested in business with China and are actively involved in learning Chinese language to understand and enhance the business opportunities.

Napoleon Bonaparte has once said that "China is the sleeping giant. Let her lie and sleep for when she awakens she will tremble the world." Nearly two century after the visionary statement of the legend, China’s dormant economy emerged so drastically that economic power that country holds now directly affects and facilitates the pace of global market.

People around the world and countries are now deliberately moving forward to exchange business relation with world’s fastest growing nation, a nation which is experiencing huge transition from a central-planned economy to a global-oriented market and has become a dominant player in the international economy and financial system. Hence for better business understanding, business opportunity and cultural exchange, learning Chinese language has become an all time high with approximately thirty million people are studying Chinese in universities, colleges or private courses.

Chinese is considered to be one of the world’s most popular languages and is a simple structured and tonal language where a single word can have different meaning depending upon the way it is pronounced. There are number of dialects in Chinese spoken in different province but the popularity is gaining by Mandarin language and this has also been recognized as the official language of China.

To follow the suit, the United States is investing huge sums in establishing Chinese learning schools and passing bills to encourage the Chinese language programming in schools across the U.S. and cultural exchanges to improve the ties between the two countries.

Despite learning Chinese language in home countries, people often prefer to travel to China and spend time there to get acclimatized with their tradition, culture and to gather experiences of being like a Chinese. With huge demands of Chinese language, major cities in China are overcrowded with Mandarin learning schools and many of which provides superb accommodation facilities, native Chinese speaking teachers and well qualified individuals to teach Chinese as foreign language.

Furthermore, students can choose Chinese language with a hope of getting easy employment in areas like banking, trade, financial, diplomatic work, academics, news media, content management, tours and travel and many more. Each of these fields is very challenging and gives one an enough exposure to Chinese society, culture and tradition.

Hence, if you are feeling the urgency of learning Chinese language and align yourself in the fast track of business by learning Chinese language, this is the right time to start. If you cannot afford to go to Chine to learn typical Chinese language, there are plenty of online resources such as free online Chinese learning course, audio guidelines and other scripts which can make you perfect in Chinese language and help you actively participate in various business processes.

Sharon Lepcha is a writer and this article wrote by her for online portal Chinastudyabroad.org which is a leading online resource that provides complete information on learning Chinese language in China and Mandarin Chinese. People can view details like course duration, course fee, seasonal details, accommodation facility, travel details and can apply for the course online.

The Search engine optimization secret that everybody ignores

Search engine optimization is a very critical task in the success of any website. In recent times search engines seem to have complicated this task further by their frequent changes in rules. This has caused lots of anxiety as some of these changes have seen some sites lose virtually all their regular traffic instantly as their rankings have tumbled.
This has further added to the confusion amongst webmasters about search engines and their motivations. But no matter how mad one gets at the search engines, there is little that they can do to change the statistics which clearly indicate that well over 75 per cent of the traffic that most sites receive comes directly from search engines.

However, there is a secret that an increasing number of webmasters have discovered and are putting to good use. Whatever regular changes search engines instigate, their motivation remains the same. Most webmasters forget that there is currently very stiff competition between the leading search engines. More so because it has become abundantly clear that none of the top search engines are interested in the runners up position.

The search engine motivation
This stiff competition between search engines is focused on the customer, that is the person who uses search engines to find information online. The preferred search engine and therefore the top one will always be the one that most satisfies the needs of that customer.

So whatever changes search engines make they will always be focused on improving the search engine experience for surfers. It is not too difficult to figure out what those who use search engines want, or even more important, what they do not want. Anybody using a search engine wants to be able to find what they are looking for quickly. Most will be looking for the most detailed quality content on the subject or information that they seek.

This simply means that any website that places its’ focus on the end consumer using search engines, rather than on the search engines themselves is guaranteed to retain their high ranking whatever changes search engines keep on making.

Can you dare assume that search engines do not exist?
So the most effective way to ensure that a website owner focuses on the surfers is for them to direct their focus on them, just like search engines are. It would help tremendously for them to start operating as if search engines did not exist and fully concentrate on ensuring that their sites have quality detailed content.

The dangers and harmful effects of webmasters focusing on search engines are very evident. We have sites that use keywords so heavily that it affects the quality of writing on their sites. Some sites have even done worse, leaving their quality content intact but creating keywords that are hidden to the human eye but visible to search engines.

In fact there are a whole lot of schemes on the net created to fool search engines, which have no regard for the surfer or what information they are looking for. For instance there is plenty of software on sale online whose promoters bluntly state is designed to fool search engines.

These are the sort of schemes that are causing so many constant changes in the rules of leading search engines as they seek for ways to combat any tricks that would favor undeserving sites in their rankings.

Content will always be king
What all this means is that content remains the most important search engine optimization tool. Just take a closer look at all the leading google websites and try and trace a common thread running through them all. You will quickly discover that the quality of writing and content in these sites is extremely high.

This means that any webmaster that makes an effort to provide quality, relevant and detailed content on their site with the experience of the surfer as their central focus will be using an extremely powerful search engine optimization tool.

If your content is good, then you can post it at other websites complete with a detailed resource box that directs traffic to your website. Quality articles will usually end up being re-posted all over the net in an endless viral effect that will create quality links back to your site. Search engines still rank websites based on the links from other sites leading to it so quality content has a double advantage.

Dow drops below 7,000 point mark - first time since 1997

A relentless sell-off in the stock market Monday blew through barriers that would have been unthinkable just weeks ago, and investors warned there was no reason to believe buyers will return anytime soon.
The Dow Jones industrial average plummeted below 7,000 at the opening bell and kept driving lower all day, finishing at 6,763 — a loss of nearly 300 points. Each of the 30 stocks in the index lost value for the day.

And the Standard & Poor’s 500 stock index, a much broader measure of the market’s health, dipped below the psychologically important 700 level before closing just above it. It hadn’t traded below 700 since October 1996.

Investors were worried anew about the stability of the financial system after insurer American International Group posted a staggering US$62 billion loss for the fourth quarter, the biggest in US corporate history — and accepted an expanded bailout from the government.

But beyond daily headlines, Wall Street seems to have given up the search for a reason to believe that the worst is over and the time is ripe to buy again.

 "As bad as things are, they can still get worse, and get a lot worse," said Bill Strazzullo, chief market strategist for Bell Curve Trading, who said he believes the Dow might fall to 5,000 and the S&P to 500.

The Dow’s descent has been breathtaking. It took only 14 trading sessions for the average to fall from above 8,000 to below 7,000. For the year, the Dow has lost 23 percent of its value.

Its last close below 7,000 was May 1, 1997 — a time when the market was barreling to one record high after another because of the boom in technology stocks, but often suffered big drops as investors worried about inflation and rising interest rates.

This time around, Wall Street analysts seem to believe that a stock market recovery will first require signs of health among financial companies, and on Monday those signs seemed further away than ever.

AIG, whose reach is so vast that the government warns letting it fail would cripple the very world financial system, will get another US$30 billion in loans on top of the US$150 billion already invested by the government.

HSBC PLC, Europe’s largest bank by market value, said it needs to raise about US$18 billion, reported a 70 percent drop in earnings for last year, and announced plans to scale back US lending and cut 6,100 jobs.

The banking sector helped drive the market lower. Citigroup stock lost 20 percent of its value and fell to a paltry US$1.20 per share. HSBC lost 19 percent. Bank of America lost 8 percent

 

Google is ranking itself best

I had one of the best laughs of my life recently while reading a page explaining what Google’s homepage would look like if they had to Search Engine Optimization their site like everyone else.

 


It was beautiful, and I’m so jealous I didn’t think of it first.

 

So with that funny story firmly planted in my mind, we got an enquiry at SearchMasters coming from the search term "search engine". Because we are optimized for "search engine optimization", by default we are optimized for "search engine" as well.

 


As I normally do, I went out and scoped out the seo services companies to see what was happening…

Above: SearchMasters outranks google.co.nz for the term "search engine"


Outranked!

Funny how SearchMasters and others are beating Google for this phrase. Maybe if Google applied some of the SEO suggestions recommended in the above link, they could rank top for this term :)

 


Clearly there isn’t any bias being applied here - Google’s homepage isn’t optimized for this term, and it’s not ranking top as a result. Great to know we are (at least sometimes) operating on a level playing field.

 


Update

So after thinking it through, I thought it a little unfair to pick on Google over this one, so I decided to check out Yahoo and MSN as well.

 


Nuff said really. Out of the 3 major engines, Google is ranking itself best. Even Yahoo is listing Google as the first result, which says all kinds of things really. I kept these results to NZ only for consistency with the original Google result, but upon thinking about it, MSN probably doesn’t have a NZ site and could well be filtering itself out of the results. Yahoo on the other hand is branded as Yahoo Xtra, so one would assume this is a New Zealand site, or at least it should be.

 


If you search the worldwide versions of these phrases, you get all kinds of funny results. MSN lists every major search engine you can think of, except itself, on the top 10 results.

ASEAN+3 reaches agreement on reserve for stability

 Finance ministers from the ASEAN plus three countries agreed Sunday to speed up the process of operationalising the Chiang Mai Initiative Multilateralization (CMIM), a regional foreign reserve pool in case of currency flow shortage.

The agreement was reached at a special meeting on Sunday in Phuket in southern Thailand in a bid to ensure the regional market stability and to foster confidence in the markets.

According to the Action Plan to Restore Economic and Financial Stability of the Asian Region agreed by the ministers, 120 billion US dollars, instead of 80 billion US dollars as initially proposed, will be injected into the reserve pool, or the CMIM, said Thai Finance Minister Korn Chatikavanij at a joint press conference after the one-day special meeting.

The ASEAN+3 group initiated the Chiang Mai Initiative (CMI), a bilateral currency swap arrangement in the aftermath of the 1997 Asian financial crisis in a bid to help countries tackle a possible foreign capital flow shortage.

In May 2008, the ASEAN plus three finance ministers agreed to transform the CMI to CMIM, with each country contributing a share to a common reserve fund in the scenario of a financial crisis.

The ratio of contribution between ASEAN (the Association of Southeast Asian Nations) and the plus three countries — China, Japan and South Korea, was set at 20:80, said Korn.

The five major economies in the ASEAN including Malaysia, Indonesia, the Philippines, Singapore and Thailand, will make a equal contribution and altogether take the bigger share of the 20-percent proportion, while the other smaller economies including Brunei, Laos, Cambodia, Vietnam, and Myanmar will take the rest, with the exact amount of distribution yet to be finalized, said Korn.

The ratio of contribution among China, Japan and South Korea for the 80-percent share was still under discussion, said Chinese Finance Minister Xie Xuren.

The finance ministers agreed to speed up the process in finalizing the key terms before the ASEAN+3 Finance Ministers’ Meeting in Bali, Indonesia in May, said Xie.

The ministers also agreed to establish an independent regional surveillance mechanism to promote economic monitoring in the region.

The meeting also reiterated the importance of the Asian Bond Market Initiative (ABMI) among the participants.

The meeting resolves to create a new roadmap which focuses on the promotion of the issuance of local currency-denominated bonds, facilitation of demand of local currency-denominated bonds, improvement of legal framework and strengthening of infrastructure for bond markets in the region, said Korn.

The meeting reaffirmed the important role of the Asian Development Bank (ADB) in mitigating the impacts of the global financial turmoil and providing necessary capital to regional growth, by more lending on infrastructure development and trade finance in the region.

The ministers agreed for an immediate and substantial capital hike for ADB, said Korn. "We call for an early agreement on the Fifth General Capital Increase of ADB by its next Annual Meeting in May 2009," said Korn.

Sunday’s Special ASEAN+3 Finance Ministers’ Meeting was held ahead of 14th ASEAN Summit scheduled on Feb. 27 - March 1 in Cha-am, central beach resort in Thailand.

Congress, White House agree on $790B stimulus bill

Moving with lightning speed, key members of the Senate announced agreement Wednesday on a $790 billion stimulus bill to create millions of jobs, and said President Barack Obama could sign the bill within days.

But in a bewildering – if temporary – turn of events, House Speaker Nancy Pelosi and the White House withheld immediate expressions of support. A formal meeting of congressional bargainers who would need to ratify any deal was delAt a news conference in the Capitol, Senate Majority Leader Harry Reid said the legislation would produce 3.5 million jobs. "More than one-third of this bill is dedicated to providing tax relief for middle-class families, cutting taxes for 95 percent of American workers," he added at a news conference where he was joined by moderates of both parties whose votes are essential for passage.

The emerging legislation includes help for victims of the recession in the form of expanded unemployment benefits, food stamps, health coverage and more, as well as billions for states that face the prospect of making deep cuts in school aid and other programs.

Another provision will mean a one-time payment of $250 for millions of beneficiaries who receive Social Security, Supplemental Security Income and veterans pensions and disability, according to officials.

The measure also preserves Obama’s signature tax cut – a break for millions of lower and middle income taxpayers. Wage-earners who don’t make enough to pay income taxes would get a reduction in the Social Security and Medicare taxes they pay.

The president also won money for two other administration priorities – information technology in health care, and "green jobs" to make buildings more energy-efficient and reduce the nation’s reliance on foreign oil.

The bill "will be the beginning of the turnaround for the American economy," predicted Sen. Joseph Lieberman, the independent from Connecticut.

Republicans couldn’t have disagreed more.

"It appears that Democrats have made a bad bill worse by reducing the tax relief for working families in order to pay for more wasteful government spending," said Rep. John Boehner of Ohio.

The events capped a frenzied 24-plus hours that began at mid-day Tuesday when the Senate approved its original version of the bill on a party-line vote of 61-37. Reid, Pelosi and White House Chief of Staff Rahm Emanuel plunged into a series of meetings designed to produce agreement in time for Obama to sign the bill by mid-month.

Pelosi was conspicuously absent from Wednesday’s news conference in which members of the Senate announced the agreement. It was not clear whether she stayed away out of unhappiness or a scheduling conflict, but moments later, Reid arrived in her office, and the two talked by phone with Emanuel, according to officials who spoke on condition of anonymity.

Officials had said previously that one of the final issues to be settled was money for school modernization, a priority for Pelosi as well as Obama and one on which they differed with Collins and other moderates whose votes will be essential for final Senate approval.

There also was last-minute disagreement about a House proposal that could direct education funds to schools even if a state’s governor didn’t approve, they said.

Stocks moved higher in the moments after Reid stepped to the microphone just outside the Senate chamber. The Dow Jones industrials, which plunged 382 points on Tuesday, rose 51 points for the day.

Obama has been campaigning energetically for the legislation in recent days, saying it was essential to avoid turning what is already the worst economic crisis in a generation into a catastrophe.

As if to underscore the urgency, he said a few hours before the agreement was announced that machinery giant Caterpillar Inc. plans to rescind some of the 22,000 layoffs the firm recently announced – once the stimulus is signed into law.

Scaling back the bill to levels lower than either the $838 billion Senate measure or the original $820 billion House-passed measure caused grumbles among liberal Democrats, who described the cutbacks as a concession to the moderates, particularly Sen. Arlen Specter, R-Pa., who are under pressure from conservative Republicans to hold down spending.

Working to accommodate the new, lower overall limit of the bill, negotiators effectively wiped out a Senate-passed provision for a new $15,000 tax credit to defray the cost of buying a home, these officials said. The agreement would allow taxpayers to deduct the sales tax paid on new car purchases, but not the interest on loans for the same vehicles.

School construction was a problem apart from all others.

Sen. Tom Harkin, D-Iowa, told reporters that $6 billion would be set aside, and officials said it could be spent only on repair and modernization work, a limitation designed to appease the moderates.

But officials said House Democrats were holding out for as much as $9 billion.

With numerous demands for the funds in the bill, lawmakers worked to satisfy competing demands.

A Senate-passed provision to give $10 billion to the National Institutes of Health for research – a favorite of both Harkin and Specter, appeared likely to survive.

The officials who described the negotiations did so on condition of anonymity, saying they were not authorized to disclose the details of the closed-door negotiations.

ayed.

Basic website SEO

I wrote a quick guide for a friend, with the intention of helping her optimize a website for search engines. It is rather basic, but I think includes most of the key SEO elements she needs to take in to consideration. If I have missed anything important please let me know.

Basic website search engine optimization strategy:

1) Site architecture:

Prior to development of the site a site structure will be defined following current SEO best practice. This will include:

a. Directory and file structure

b. Directory and file naming conventions

c. SEO friendly navigation

d. Semantic layout

e. Optimal usage of H tags

f. Internal linking structure and strategy

2) Keyword research:

Keyword research can be extensive and time consuming. The amount of time spent is proportionate to the ultimate success achieved, and the given budget. I would suggest limited initial research to give the whole site the basics and then on an ongoing basis perform further research in respect of each business area.

3) Meta tags:

Each file will be populated with the optimal seo services meta information, including:

a. Title

b. Description

c. Keywords

4) On page optimisation:

a. Copywriting to ensure correct placement and optimal density of keywords

b. Correct implementation of alt tags etc

5) Off page optimisation:

To achieve high rankings an extensive external link building strategy would need to be implemented. This can be achieved by:

a. Paid text links

b. Link directories

c. Articles

d. Blogging

e. Mini-net creation

 

US mortgage applications slump to 8-year low

Demand for US mortgage applications tumbled nearly 25 percent last week, with requests for loans to buy homes sinking to an eight-year low, the Mortgage Bankers Association said on Wednesday, as potential buyers hold out for better terms and government help.

The Mortgage Bankers Association’s seasonally adjusted home purchase applications index slid 9.8 percent in the week ended February 6 to 235.9, its lowest level since the end of 2000.

Average 30-year mortgage rates slipped to 5.19 percent from 5.28 percent a week earlier, the trade group said.

The rate has fallen more than a full percentage point in three months, but is up about 3/8 point from early this year and seen heading lower.

"In addition to waiting for the rate, you have home prices continuing to come down, so why would I pay $200,000 today when I can pay maybe $180,000 in a couple months or even $150,000," Daniel Penrod, industry analyst for the California Credit Union League in Rancho Cucamonga, California, said on Tuesday. The government is "really pushing against some very strong forces."

US Treasury chief Timothy Geithner on Tuesday proposed pumping $2 trillion into the banking system to sop up bad assets, restore credit and revive lending at lower mortgage rates.

Expectations that government steps could yank 30-year home loan rates near 4 percent, a proposed $15,000 home-buying tax credit and the outlook for still lower house prices has raised the incentive to wait.

Home prices through November tumbled at least 25 percent from their mid-2006 peak, according to Standard & Poor’s/Case-Shiller Home Price indexes. The descent should persist, with a record number of foreclosed properties dragging down market values, analysts have said.

The Mortgage Bankers Association’s loan refinancing gauge tumbled 30.3 percent to 2,722.7 last week, its lowest level since the November 21 week and a far cry from the 7,414.1 reached in January when 30-year mortgage rates fell to 4.89 percent.

Intensified government actions will help, Penrod said, but the needed elixirs are more bank lending and a more stable employment picture.

"There’s no urgency to jump in until prices settle," Penrod said. "Given the current state of unemployment and the projections there is still downward movement coming in the first half of the year for non-foreclosure sales and prices."

US employers slashed nearly 600,000 jobs in January, the biggest monthly cuts in 34 years, while the unemployment rate set a 16-year peak.

The $15,000 home buyer tax credit that is part of the economic stimulus program adopted by the US Senate would create nearly 500,000 home sales and add 255,000 jobs in the coming year, according to the National Association of Home Builders.

Analysts had also been predicting that at least a third of home owners applying to cut costs by refinancing would be turned down because of more rigid lending standards, job loss or because their home values have fallen below the size of existing mortgages.

Borrowers with mortgages that surpass their appraised home price are called "under water," or "upside down."

"Even with the proposed tax break and the rates dropping way down, it unfortunately doesn’t change the water level for those drowning in their home debt," Penrod said.

Premier Wen ends EU tour with optimism

Premier Wen Jiabao sounded a note of optimism Monday in London and pointed to signs of economic recovery in China as indicating there is "light at the end of the tunnel" regarding the ongoing global financial crisis. "In some places people are disappointed, people are frustrated and people are pessimistic. They are quickly unsettled by the current situation," Wen told a business conference during a visit to the British capital."There is light at the end of the tunnel … I am calling for confidence, cooperation and responsibility, I’ve been calling for that all along because if we do that we can save the world."

The conference was also attended by British Prime Minister Gordon Brown, who is preparing to host a summit of world leaders in April at which new measures to tackle the credit crisis will be outlined.

In a joint statement, China and the UK Sunday vowed to work together to ensure the summit produces concrete solutions to the crisis.

They also pledged to push WTO negotiations, reform the international financial system and support emerging economies to have a bigger say in financial institutions such as the World Bank and the International Monetary Fund.

Signs of recovery were seen in the final days of 2008 and China will maintain economic growth of "about 8 percent" this year, Wen said on Sunday.

"During the last 10 days of December it started to get better. The goods piled up in port started to decrease and the price of industrial products started to rise," Wen said.

The government has already pledged 4 trillion yuan ($586 billion) over the next two years to help boost domestic demand. Work on projects including rebuilding the earthquake-hit southwest and improving road and rail links is under way.

But Wen told the Financial Times that more work is needed.

"We may take new, timely and decisive measures. All these measures have to be taken pre-emptively before an economic retreat," he said in an interview published late on Sunday.

A plan to enable the use of some of China’s huge foreign currency reserves for domestic purposes is under discussion, he told the paper.

Wen also said that he would unveil stimulus measures for shipbuilding and textiles when he returns home.

Underlining his positive comments, he said 900 billion yuan in aggregate loans had been added to the Chinese economy in the first 20 days of January, more than double the figure for the whole of last November.

China’s economic growth slowed to an annual rate of 6.8 percent in the last quarter of 2008, dragging down the pace for the year to 9 percent, the lowest in seven years.

Origin of crisis

Wen signaled his belief that the US should shoulder a large share of the responsibility.

"The causes for this financial crisis are obvious. The main causes are that some economies have imbalances in their economic structure. For a long period of time they have had dual deficits, trade deficit and fiscal deficit, and they have been overspending by borrowing," he said yesterday.

The UK is the last leg of Wen’s European tour, which also took him to Switzerland, Germany, Belgium and Spain.

During his visit, China has signed 38 contracts worth 15 billion yuan ($2.2 billion) with EU member countries.

But it is "not a huge amount, (and) that is why we have decided to send a purchase group later to place significant orders in Europe," he said.