Fed expected to keep rates steady

By Martha C. White

Stay the course. That's the message economists expect the Federal Reserve to deliver at the Federal Open Market Committee meeting Tuesday.?

"Steady as she goes," said Lawrence J. White, professor of economics at New York University's Stern School of Business. "It's not a time to be doing any major new initiatives but not yet a time to be tightening up."

The Fed is likely to reiterate observations made by?chairman Ben Bernanke when he addressed Congress in January: Employment is recovering faster than anticipated, but the housing market is still in the dumps, and it's not clear that demand has recovered enough to propel continued expansion of the jobs market. "The fundamentals that support spending continue to be weak," he said.

There's also the wild card of oil prices,?Mitchell O. Goldberg, president of ClientFirst Strategy Inc., points out.?The mild winter experienced by wide swaths of the country combined with the low price of natural gas gave Americans a break on their heating bills.?If the price of oil continues to rise, however, it could act as a brake on the recovery's momentum and cancel out better-than-expected employment numbers.

Europe's economic trouble could also throw a wrench into the recovery's momentum. "The risk of economic turmoil in Europe remains despite the current agreement on Greek debt," Joerg Dittmer, senior analyst at?Frost & Sullivan, said via email. "Economic difficulties in Europe would impact the United States through reduced demand for our exports."

Above all, the Fed wants to avoid excessive optimism; it applauded the appearance of so-called green shoots in the past, only to watch the economy falter in subsequent months.?

People looking for movement on interest rates are likely to be disappointed. The Fed isn't expected to budge from its commitment to keep rates at historic lows through 2014. Inflation isn't a problem. If the economy were to bounce back suddenly, "There are other tools that the Fed can use besides raising their target rate to tamp down inflation," Goldberg said.

"They could raise bank reserve requirements. They could push lending standards to be more stringent. They could let maturing assets on their balance sheet mature without being replaced," he said.?

White said the Fed will probably let its "Operation Twist" wind down later this year as planned, and is unlikely to announce any further actions to increase the money supply.?

The Fed's other big announcement this week will be the results of its most recent round of bank stress tests. "Overall, every indication is that it will show a stronger industry than three years ago," said banking consultant Bert Ely. "That's what we'd expect because there's been lot of capital building and cleaning up of problems on bank balance sheets."

Now that the industry as a whole recovering, though, it will put more of a spotlight on banks that are still struggling.?

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Source: http://economywatch.msnbc.msn.com/_news/2012/03/12/10653894-fed-expected-to-reaffirm-existing-targets-at-fomc-meeting-tomorrow

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Source: http://www.seomarketingsolutions.net/real-estate-green-aisles

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Mass pro-democracy protest rocks Bahrain

MANAMA (Reuters) - Tens of thousands of Bahrainis demonstrated on Friday to demand democratic reforms, stepping up pressure on the U.S.-allied government with the biggest protest yet in a year of unrest.

They began marching along a highway near Manama in response to a call from leading Shi'ite cleric Sheikh Isa Qassim, who urged people to renew their calls for greater democracy.

A live blog showed images of the protesters carrying banners denouncing "dictatorship" and demanding the release of detainees.

"We are here for the sake of our just demands that we cannot make concessions over and we stick with them because we have sacrificed for them," Qassim said before the march in his weekly sermon in the Shi'ite village of Diraz.

Qassim and other Shi'ite clerics led the march.

"It is the biggest demonstration in the past year. I would say it could be over 100,000," said a Reuters photographer after protesters filled up the main Budaiya highway in the area of Diraz and Saar, west of Manama.

Later hundreds of protesters broke away from the march to walk down the main highway into Manama in an attempt to return to a traffic intersection that protesters occupied for a month during last year's uprising.

Activists said riot police blocking the road fired tear gas and the interior ministry said protesters threw stones. Clashes continued in the area for over an hour. Activists also reported clashes with police later in the capital's Makharqa district, as well as in the village of Eker southeast of the Manama.

However, elsewhere the march wound down peaceably as the majority of protestors streamed home.

The government, pressed by its Western allies to allow peaceful expression of dissent, has allowed more opposition protests in recent months.

A statement from the royal court praised the Qassim march and a small rival rally of several hundred government loyalists under the name "Fateh Gathering" as signs of democratic maturity.

"The events at the Fateh Gathering as well as the gathering in the Northern Governorate are a source of pride for Bahrainis as a model of correct democratic behavior," state news agency BNA reported.

Majority Shi'ites were in the forefront of the protest movement which erupted in February 2011 after uprisings in Egypt and Tunisia.

The ruling Sunni Muslim Al Khalifa family crushed the protests a month later, imposing martial law and bringing in Saudi and United Arab Emirates troops to help restore order. It accused Shi'ite power Iran of fomenting the unrest.

On Friday, Iraqi followers of Shi'ite cleric Moqtada al-Sadr demonstrated in Basra in support of the Bahraini opposition. Around 3,000 people chanted anti-Saudi slogans and carried Bahraini and Iraqi flags.

DAILY CLASHES, ECONOMY STALLED

Bahrain, where the U.S. Fifth Fleet is based, has remained mired in crisis and Shi'ite youths clash daily with riot police. The unrest has slowed the economy in what used to be a major tourism and banking hub.

Tension has risen around the February 14 anniversary of the uprising, with security forces maintaining a tight grip on the intersection formerly known as the Pearl Roundabout, which remains closed.

Pro-government Sunni groups have organized smaller counter-rallies, warning authorities not to enter into a dialogue on reforms that could give the elected parliament legislative clout and the power to form governments.

Those groups look to Sunni power Saudi Arabia as a key ally and demonize the opposition as loyal to Iran, a charge the opposition parties deny. Analysts say Riyadh does not want Bahrain to agree to reforms that empower Shi'ites.

Jamal Fakhro, deputy head of the appointed house of parliament, said recent contacts between the royal court and opposition parties meant there was no need for the march.

"I don't think we need any pressure to start something already started. If you are talking to the government, why go to the street again and show muscles?" he said. "You either accept dialogue or you go to the streets."

Activists say Wefaq, which jostles for position alongside more hardline groups who reject the monarchy, wants to show that it still dominates the opposition, which includes secular groups.

One activist who declined to be named said many of the banners during the march, such as "No dialogue with killers", came from an underground group calling itself February 14 Youth Coalition.

Activists say at least 27 people have been killed in the unrest since June, many from the effects of tear gas. The government disputes the causes of death.

King Hamad appeared to dismiss the opposition last month, saying they were disunited.

Qassim said Friday's march would show how strong the opposition was. "The march will either prove your are only an isolated minority making demands, or that the demands are widely popular," he said in his sermon, which was posted on YouTube.

(Additional reporting by Yara Bayoumi in Baghdad; Writing by Andrew Hammond; Editing by Andrew Roche)

Source: http://news.yahoo.com/mass-pro-democracy-protest-rocks-bahrain-141920910.html

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Voice dictation coming with the new iPad, but it?s not Siri

Along with the new iPad announcement, Phil Schiller noted some new additions to the device one of which, is voice dictation.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/1Ck__YkwVSc/story01.htm

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Source: http://goreline.com/archives/1511

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Customer Service -One of the Keys to a Successful Business ...

Is interacting with customers and dealing with their issues one of the more challenging aspects of your online business? Well, it?s probably because your customer service is not up to the mark. Below are some simple ways you can improve in this area.

Reply Promptly: The core of all good customer service is to be prompt about responding to inquiries. If you can resolve issues or disputes quickly, you?re far more likely to get a more favorable response. The instant nature of the Internet can mean that customers expect very prompt responses. You need to assist your customers whenever they require help so that they don?t build up a wrong impression about you or your company. If your customer emails you, then reply back as soon as possible, preferably within 24 hours of time. If customers are able to call you, be sure your phones are attended to take their calls. Customers value those businesses that always treat them as a priority, as this increases their trust and makes them confident about buying from you. One curious and true thought about using IM business tools or approaches is success will depend on the skill with which any person brings to the table.

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Source: http://www.cherolin.info/customer-service-one-of-the-keys-to-a-successful-business/

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?Feeding the Media Is Like Training a Dog?

He was wrong. On the Web, the ?Complex? has less and less control over the news. Breitbart?s projects, starting with Drudge, filtered news from the ?Complex? for conservative consumption. His coverage of ACORN turned Breitbart into the kind of celebrity who could hold an hour of prime-time TV, or anchor the morning of a conservative conference when hosts needed to fill the ballroom. He used that celebrity to mock the left as evil and the media as complicit. ?My mission isn?t to quash debate,? he wrote in 2011. ?It?s to show that the mainstream media aren?t mainstream, that their feigned objectivity isn?t objective, and that open, rigorous debate is a positive good in our society. Man, how I long for the days of Sam Kinison, Richard Pryor, Abbie Hoffman, Dr. Hunter S. Thompson, George Carlin, and Lenny Bruce.?

Source: http://feeds.slate.com/click.phdo?i=fbefc922cb9517bbd380dc2e90e8a121

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