Mint planning $1M coin

February 28th, 2007
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It’d take mighty deep pockets to jingle the new coins planned by the Royal Canadian Mint: Canada’s official money-maker wants to stamp outa $1-million coin.

Coin experts say it would likely be made of gold, be the size of a pizza and be extremely heavy.Some numismatists wonder if it would be a good idea.

The federal cabinet passed an order earlier this month at the recommendation of the transport minister allowing the mint to stamp out the non-circulation coins.

The editor of Canadian Coin News, Bret Evans, said if it goes forward it would be the first of its kind in the world, the mint’s attempt to create a record-breaking coin.

“The coin becomes an event,” Evans said. “It’s purely being done to get attention.To throw something on the market, to make a statement which is, ‘Here we are.’”

There’s no word on how many coins the mint is looking at stamping out. Mint officials acknowledge they have permission to make a $1-million coin, but will not comment beyond that.

Coin experts are talking, though, and among those questioning the project is Regina dealer George Manz, who wonders who would buy the mint’s mega-loonie.

“The people that I know, if they’re going to go and spend $1 million on a coin, they want something that is extremely rare,” he said.

On the other hand, Evansnotes thatthe last time such a special coin was made100,000from Austria all 15 sold out in less than a month.

The $1-million loonie, he figures, would weigh around 100 kilograms about the weight of a typical hockey player.

Mid-Day Report: Dollar Firmer but Still in Range

February 28th, 2007
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Action Insight | Written by ActionForex.com | Jan 19 07 15:23 GMT |
Forex Mid-Day Technical Report Dollar Firmer but Still in Range

Dollar is mildly firmer in US session after better than expected preliminary University of Michigan sentiments which rose to 98 in Jan, from 91.7, above consensus of 92.5. However, generally speaking dollar is still bounded in tight range against majors without much progress. Richmond Fed Lacker and Kansas City Fed Hoenig will speak on economic outlook today and may catch some attentions from the market.

Earlier today, Dec UK retail sales cam in better than expected by growing 1.1% mom, 3.7% yoy versus expectation of 0.5% and 3.2%. But sterling’s reaction was muted as consolidation continued. EUR/USD

Daily Pivots: (S1) 1.2912; (P) 1.2944; (R1) 1.2994; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/

EUR/USD’s corrective recovery from 1.2867 has reached 1.2998 but still limited by 1.3 psychological resistance. At this point, even though further recovery cannot be ruled out as long as EUR/USD stays above 1.2896 support, we’d still expect upside to be limited by 1.3052 cluster resistance (38.2% retracement of 1.3364 to 1.2867 at 1.3057) and bring decline resumption.

On the downside, below 1.2896 minor support will indicate the recovery has likely completed and should bring retest of 1.2867 low. Break will confirm fall from 1.3296 has resumed for next downside target of 1.2760 support.

In the bigger picture, with a break of 1.2922 cluster support (50% retracement of 1.2483 to 1.3362 at 1.2923), and bearish divergence condition in weekly MACD, a medium term top could be already in place a 1.3364. Sustained break of 1.2760 will have 161.8% projection of 1.3364 to 1.3051 from 1.3296 at 1.2790 and possibly medium term rising channel line (now at 1.2718) taken out. This will add much weight to the case that whole medium term up trend from 1.1639 has completed. Focus will then be on 1.2483 cluster support (50% retracement of 1.1639 to 1.3364 at 1.2502). Decisive break of this cluster support will confirm this case and have medium term outlook turned bearish.

On the upside, a break of 1.3052 cluster resistance will indicate the fall from 1.3364 has possibly completed after drawing support from resistance line (1.2978 to 1.2937, now at 1.2859). Focus is turned back to 1.3296 resistance but a break of 1.3364 is needed to indicate rise from 1.2483 has resumed. Otherwise, medium term outlook is, at best, neutral.

GBP/USD

Daily Pivots: (S1) 1.9658; (P) 1.9718; (R1) 1.9801; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/

Cable’s tested 1.9777 resistance again but failed to break through this resistance so far. As discussed before, the deep retreat from 1.9777 with mild bearish divergence condition in 4 hours MACD and RSI suggest a short term top is formed at 1.9777 and further consolidation is in favor to follow. As long as cable stays below 1.9777 resistance, risk remains for another pull back towards 1.9587 cluster resistance (38.2% retracement of 1.9261 to 1.9777 at 1.9580. However, we’d expect downside to be contained above 1.9452 cluster support (61.8% retracement of 1.9261 to 1.9777 at 1.9458) and bring rally resumption.

On the upside, above 1.9777 again will indicate rally from 1.9261 has already resumed for next upside target of 1.9846 high and then 138.2% projection of 1.8090 to 1.9142 from 1.8517 at 1.9917.

In the bigger picture, correction from 1.9846 has completed after three waves down to 1.9261. Break of 1.9846 high will confirm that rally from 1.8517 has resumed. However, close attention will be paid to sign of loss of upside momentum and reversal pattern formation as cable approaches key cluster resistance of 2.0106 (1992 high, 100% projection of 17047 to 1.9024 from 1.8090 at 2.0067). On the downside, it will take a break below 1.9452 support to indicate argue that the whole rise from 1.9261 has completed and shift short term focus back to the downside.

USD/CHF

Daily Pivots: (S1) 1.2416; (P) 1.2481; (R1) 1.2532; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/.

USD/CHF’s retreat from 1.2546 was contained above 1.2427 support and USD/CHF continues to struggle in tight range around 1.2501 projection level. Though, at this point, further rise is still in favor as long as USD/CHF stays above 1.2427 support. Next upside target will be 161.8% projection of 1.1878 to 1.2268 from 1.2111 at 1.2742.

However, upside momentum remains unconvincing at this moment with 4 hours MACD staying below signal line. Below 1.2427 support will suggest a short term top is formed and encourage further pull back to 38.2% retracement of 1.2111 to 1.2544 at 1.2379. But downside should be contained by 1.2270 cluster support (61.8% retracement of 1.2111 to 1.2544 at 1.2276) and bring further rally

In the bigger picture, previous break of 1.2343 resistance has opened up a few possibilities. Decisive break of 1.2501 projection level will start to argue the rise from 1.1878 is of impulsive nature. In other words, the whole down trend from 1.3283 could have completed and the current rise from 1.1878 could be a resumption of the medium term rebound from 1.1288 to 1.3283. Further rally should be seen to 1.2768 resistance first. But still, a strong break of 1.2768 cluster resistance is needed to confirm such case. Otherwise, USD/CHF will just be bounded in choppy range trading between 1.1878 and 1.2768.

Meanwhile, on the downside, a sustained break of 1.2270 cluster support will suggest that the whole rebound from 1.1878 has possibly completed and put focus back to 1.2110 support. Break will shift focus back to the downside for 1.1878 low.

USD/JPY

Daily Pivots: (S1) 120.59; (P) 121.08; (R1) 121.70; http://www.actionforex.com/forex_analysis_and_forecasts/pivot_points/pivot_points_summary_200603205734/

USD/JPY continues to struggle in tight range around 121.38 resistance (05 high). As discussed before, from a short term point of view, further rally is still expected to follow as long as USD/JPY stays above 120.45 support. Next upside target will be 100% projection of 114.41 to 119.68 from 117.96 at 123.23

However, failure to sustain above 121.38 and a pull back to below 120.45 support will indicate a short term top is possibly formed with bearish divergence condition in 4 hours MACD and RSI. In such case, further pull back should be seen towards 4 hours 55 EMA (now at 120.36). But downside should be contained by 119.68 and bring rally resumption. Break of 119.68 is needed to shift short term focus to the downside.

In the bigger picture, sustained break of 119.86 resistance confirmed that whole rally from 108.99 has resumed for 121.38 resistance As discussed before, fall from 121.38 to 108.99, with its three wave nature, should either represent the correction to whole year long up trend from 101.65 to 121.38, or part of such correction. That is, the medium term rally from 108.99 is either resumption of the whole up trend from 101.65 or a rising leg of consolidation pattern that started at 121.38. Favor is still in the former case as long as USD/JPY stays above 114.41 support or before sign of reversal.

Also, note that the current rally has pushed USD/JPY above multi-year falling trend line (147.68 to 135.20, now at 117.65) again. Sustained break of 121.38 resistance will confirm that whole up trend from 101.65 has resumed.

Forex News Digest

http://c.moreover.com/click/here.pl?r775161118
Fri, 19 Jan 2007 13:34:00 GMT from Bloomberg

http://c.moreover.com/click/here.pl?r775154981
Fri, 19 Jan 2007 13:28:00 GMT from Reuters

http://c.moreover.com/click/here.pl?r775097777
Fri, 19 Jan 2007 12:34:00 GMT from Washington Post

http://c.moreover.com/click/here.pl?r775092134
Fri, 19 Jan 2007 12:29:00 GMT from Bloomberg

http://c.moreover.com/click/here.pl?r775038476
Fri, 19 Jan 2007 11:43:00 GMT from Bloomberg

http://c.moreover.com/click/here.pl?r775014180
Fri, 19 Jan 2007 11:20:00 GMT from Servihoo.com

http://c.moreover.com/click/here.pl?r774981648
Fri, 19 Jan 2007 10:49:00 GMT from Bloomberg

http://www.actionforex.com/latest_news/latest_news/forex_news_20060323537/ Economic Indicators Update
GMT Ccy Events Actual Consensus Previous Revised
00:30 AUD Australia Export price index Q/Q Q4 0.20% 1.00% 1.90%
00:30 AUD Australia Import price index Q/Q Q4 -3.20% -1.70% -0.30%
09:30 GBP U.K. PSNCR M/M Dec 13.36B 15.1 B 7.11 B
09:30 GBP U.K. Retail sales M/M Dec 1.10% 0.50% 0.30% 0.20%
09:30 GBP U.K. Retail sales Y/Y Dec 3.70% 3.20% 3.20% 3.10%
13:30 CAD Canada Wholesale sales M/M Nov 0.10% 0.60% -0.20% -0.20%
15:00 USD U.S. U. of Michigan survey Jan 98.0 92.5 91.7

http://www.actionforex.com/general_information/forex_newsletters/forex_newsletter_200507301487/

Buzz Technologies Embarks on Bold New Strategy

February 28th, 2007
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The Buzz Virtual Computer will see a stage 1 release this week allowing individuals and corporations the ability to store their files within the browser

Houston, TX; Beijing, PRC and Bangkok, Thailand (http://www.prweb.com/) February 20, 2007 — Buzz Technologies, Inc. (OTC BB: BZTG), has embarked on a bold strategy to take on the giants of the internet. Buzz Technologies has developed a suite of internet ready products. Buzz Technologies internet products are ready for the convergent media future. Buzz Technologies internet products make the internet, TV and mobile phones all wireless.

http://www.12buzz.com
At the web level, the Buzz Browser, the Buzz Instant Messenger, the SMS, VoIP and search engines are all operational. These products are integrated into a single powerful platform. These products compete directly with Windows Live and Windows IE. Buzz Technologies is developing the Buzz Browser to be able to be a competitor to Windows Vista and XP. The Buzz Virtual Computer will see a stage 1 release this week allowing individuals and corporations the ability to store their files within the browser. Files stored on the Buzz virtual computer will be available wherever the user logs on.

Sutida Suwunnavid Chairwoman of Buzz Technologies said, “While we could explain in detail the technical specifications we think as a user you should simply compare the products.”

About Buzz
Buzz Technology is a diverse group of telecommunications and internet related products and services aimed at the new frontier of next generation technology from telephony, fixed line and VoIP, to state of the art search engines and the delivery of information, news, entertainment and communications in new ways to new devices. Established in Asia and expanded to the USA, Buzz will continue to expand where consumers desire, introducing reliable VoIP, access to powerful, direct result search engines and technological business and home solutions based on next generation technology accomplished through in house development, licensing, acquisition, and strategic partnerships based on mutually beneficial business goals and compatibilities. Buzz is poised to take the leadership position in turnkey internet solutions in the Asian consumer market place.

The foregoing press release contains forward-looking statements based on the companys beliefs as well as assumptions made by and information currently available to the company, including statements regarding the timing of the introduction of certain products. These forward-looking statements are based largely on the companys expectations and are subject to a number of risks and uncertainties which are identified and described in the companys registration statements and periodic reports on file with the SEC, some of which are beyond the companys control. Actual results could differ materially from these forward-looking statements as a result of a variety of factors including, among others, issues related to the travel and transportation industries, and prevailing economic conditions in general.

In light of these risks and uncertainties, or should underlying assumptions prove incorrect, there can be no assurance that the forward-looking statements contained in this press release will in fact transpire or prove to be accurate.

Contact:
Sutida Suwunnavid
+667-6239-209 or e-mail protected from spam bots
Or visit our web site http://www.12buzz.com

Tax credits for fitness activities only: Toews

February 28th, 2007
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A federal tax credit aimed at helping parents get their children into organized sports and other physical activities won’t be expanded, Treasury Board President Vic Toews said Monday.

The benefit, which took effect Jan. 1, will allow parents to claim up to $500 in registration costs per child under 16 enrolled in eligible sports activities.

Parents will be able to apply for the credit when they fill out their 2007 tax return. The maximum refund will be about $80 per child.

Some critics have said the tax credit should also include music lessons, arguing a fitness credit will only benefit the parents of children already active in sports and won’t encourage more children to get off the sofas or away from computer screens.

But Toews said the fitness credit will remain that a fitness credit only.

“I know that, for example, people involved in piano are saying, ‘Well, what about piano lessons?’ And while piano is a very worthwhile endeavour, very worthwhile activity, the focus of this particular program is aerobic sports that contribute to the physical development of the children,” said Toews in Winnipeg.

An additional $500 tax credit is available for parents of children under 18 with disabilities.

“What we want to do is tell parents who might have some financial issues with respect to getting their kids out participating in organized teams that we will be helping you with your registration by providing you with this tax credit,” Toews said.

“We think this is going to be a real benefit in terms of supporting not only the kids themselves, but also getting parents involved actively in organizations.”

The federal government estimates the program will cost $160 million a year.

Theproportion of overweight and obese childrenin Canada nearly tripled over the past two decades, the Canadian Institutes of Health Information reported in 2004.

Review: In "Tears of the Black Tiger," a melodrama of betrayal

February 28th, 2007
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The Tears of the Black Tiger. Directed by Wisit Sasanatieng (Thailand)

There may be crazier movies than “The Tears of the Black Tiger,” Wisit Sasanatieng’s Thai cowboy melodrama of betrayal and forbidden love, but I can’t think of any that is quite so mad about its own craziness. What is most startling is not Sasanatieng’s compulsive, fetishistic assembly of bits and pieces of the movie past; this kind of pastiche has, over the past decade and a half, gone from novelty to clichй. The source of the movie’s seductive appeal lies less in its vivid fakery the mock vintage Technicolor hues, the musical and visual quotations, the miasma of camp hanging in the air than in its disarming sincerity.

I doubt many of the lurid pinks and yellows and washed-out greens that fill the screen are found in nature, but those tears mentioned in the title nonetheless seem perfectly genuine. They spring, rather late in the story, from the eyes of Seua Dum (also briefly known, for unexplained reasons, as Rapin), a peasant’s son who grows up into a fearsome, melancholy outlaw (and also, along the way, into a shy, nerdy college student). Chartchai Ngamsam, the actor who plays Dum, may have a limited range of expression, but he uses it to maximum effect. His performance is a series of matinee-idol poses and delicately lighted close-ups, and his face is the principal vehicle for the film’s grand, throbbing emotions.

Many of Sasanatieng’s images are borrowed from westerns, spaghetti and otherwise, and his unbridled appetite for histrionics serves as a reminder that those oaters were not called horse operas for nothing. But the convolutions of his narrative, which twice leaps backward in time in the vain hope of making sense, may owe more to Chinese sword and martial arts movies than to the frontier epics of John Ford or Sergio Leone.

Film scholars will debate whether the bloody faces, exploding heads and flying severed limbs betray the influence of Sam Peckinpah or a source in Asian cinema closer to Sasanatieng’s home. Really, though, the possible antecedents for the movie lie so thickly on its surface that you almost expect footnotes instead of end credits. You could pause after every scene to track down allusions overt and accidental, and once “Tears of the Black Tiger” is available on DVD plenty of fans will do just that.

Luckily the movie tosses off its compendium of real and imaginary cinema trivia not with a knowing smirk, but with a swoon. As a boy, Dum falls in love with Rumpoey (Stella Malucchi), the daughter of a local big shot. She bosses and teases him while he fights off bullies and endures cruel punishments on her behalf. His stoical masochism and the sight of him being whipped by his father melts her heart. But circumstances and class differences keep them apart, and Dum, only a year after leaving college, becomes the top gun in a gang of bandits led by an angry fellow named Fai (Sombati Medhanee).

Meanwhile, Rumpoey carries her metaphorical torch (often through literal rainstorms). Her eyes glassy with resignation, she prepares to marry an ambitious army officer (Arawat Ruangvuth ), who volunteers to lead the mission to wipe out Fai’s gang. Really, though, the plot summary is both tiring and superfluous. The two lovers rarely smile, the villains have impressive facial hair, and the double-crosses and revelations are accompanied by harmonica and slide guitars filtered through Ennio Morricone and Thai pop arrangements by Amornbhong Methakunavudh, the music supervisor. The camera takes in all the color with the voracity of a child devouring scoop after scoop of ice cream.

Malucchi, as lovely as the young Elizabeth Taylor, is the still, sad point in the midst of a good deal of hectic violence and half-submerged homoeroticism. She may be the love of Dum’s life, but there is far more heat and intimacy in his relationship with Mahasuan (Suppakorn Kitsuwon), the second best shooter in the Fai gang, who hops from rival to sidekick and back again.

Back in the old days, the genres that sustain “Tears of the Black Tiger” weepies as much as westerns were loaded with psychosexual subtext, implications that Sasanatieng emphasizes without bringing them to the surface.

Sublimation just for the fun of it may not be as interesting or as much fun as the kind enforced by social norms or cultural taboos, and the intoxicating madness of “Tears of the Black Tiger” is in the end too willed, too deliberate, to be entirely divine.

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