Today

Nov 5, 2010

Republican Victory and Fed Easing Means It’s Time to Shift From Commodities to U.S. Stocks

By Martin Hutchinson, Contributing Editor, Money Morning

The U.S. economic and investment world has changed fundamentally in the last 48 hours from two key events:

Latest Headlines, Top Stories, Breaking Global News - Wall Street Journal - WSJ.com

Tomas Bears Down on Haiti
Residents of Haiti's earthquake camps ignored warnings to leave their makeshift homes as Tropical Storm Tomas began its assault on the flood-prone nation.
- Photos: Haiti Prepares for Storm
- Map: 2010 Storm Tracker
Cuban Plane Crashes With 68 Aboard
A Cuban airliner flying from the eastern city of Santiago de Cuba to the capital crashed Thursday night with 68 people aboard, including 28 foreigners, state media reported.
Bank Appeals Ruling in Terror Case
Arab Bank launched a final effort to avoid disclosing its records in a terror finance case that could have repercussions for other international banks.
Pakistan Mosque Bombings Kill Dozens
A teenage bomber struck a packed mosque during Friday prayers in the troubled northwest of Pakistan, killing at least 50 worshippers, and a second attack in the same region killed three.
- Interactive: Regional Violence
China Raises Diplomatic Stakes Over Liu
China issued an ultimatum to foreign governments over Liu Xiaobo, the jailed Chinese dissident who won the Nobel Peace Prize last month.
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China Comments Suggest Policy Divide
Conflicting comments from top Chinese officials on global economic issues suggested a lack of policy coordination that could make it more difficult for China to reach an agreement at the coming summit of the Group of 20 major economies.
Iraqi Civilians Sue U.K. Over Abuse
Lawyers for 222 Iraqi civilians are suing the U.K. government, claiming their clients were subjected to a regime of systematic abuse by British soldiers and interrogators.
Georgia Arrests 13 Accused of Spying for Russia
Georgia's government announced the arrests of 13 people, including four Russian citizens, who are accused of spying for Russia's armed forces.
Obama Faces Chillier Reception Abroad
Obama steps back onto the world stage for two economic summits in Asia after an electoral rebuke. But his troubles will not ease overseas.
- Audio: What Obama Can Expect
- Easing Tech Limits, Touting Deals
- Photos: Obama, Singh to Meet Again | Video
Rolls-Royce Blamed in Engine Failure
Qantas said the design of Rolls-Royce engines could have caused a midair failure that forced an emergency landing of one of its A380s in Singapore. A second Qantas plane landed Friday after engine problems.
- Aircraft Maintenance Taking Off
Romania Uncovers Holocaust Grave
A Holocaust-era mass grave containing the bodies of an estimated 100 Jews killed by Romanian troops has been discovered in a forest.
Plane Crashes Near Karachi; 21 Killed
A small, private plane chartered to an international oil company crashed near the airport in Pakistan's largest city Friday after the pilot warned of engine trouble, killing all 21 people on board, officials said.
- Video: No Survivors Aboard Pakistani Plane
EU Seeks Tougher Online Rules
The EU proposed new privacy rights for citizens sharing personal data with websites like Facebook and Google—threatening to heighten tensions between European regulators and tech companies.
- Online-Privacy Measures Emerge
WikiLeaks Faces New Competition
WikiLeaks, the document-leaking website that has come under intense pressure after publishing classified U.S. military documents, is facing a new challenge: competition.
Pakistan al Qaeda Aids Yemen Plots
Osama bin Laden and other al Qaeda leaders are believed to be providing guidance from Pakistan to the Yemen-based group Washington says was behind last week's package-bomb attempt.
- Video: Yeminis Reject U.S. and Al Qaeda
Indian Security Clears Plane's Cargo
A flight that landed in emergency conditions at Mumbai was searched for suspicious cargo, but security agencies later cleared the aircraft.
Cardinal Decries Berlusconi's Lifestyle
A prominent Italian cardinal lashed out at Prime Minister Silvio Berlusconi's lifestyle, bringing the country's Roman Catholic Church into the fray at a time of increasing political uncertainty in Italy.
Greek Police Destroy Suspicious Parcel
Greek police said they intercepted and conducted a controlled detonation of a package addressed to the French embassy that they rightly suspected to be booby trapped, causing traffic tie-ups in Athens.
Splinter Group Admits Turkey Bombing
A splinter group of the Kurdish Workers' Party, or PKK, claimed responsibility for a weekend suicide bombing in central Istanbul that killed the bomber and wounded 32 others.
Ivory Coast Vote Goes to Second Round
President Laurent Gbagbo will face Ivory Coast's main opposition leader in what is likely to be a tense runoff later this month that could restore stability to the country after a decade of unrest.
- Video: Runoff Election in the Ivory Coast
Greek Local Elections Could Force Polls
Greek voters go to the polls Sunday in fraught local elections widely seen as a referendum on the government's austerity program. Poor results could force the ruling Socialists to call new nationwide polls after a year in office.

Myanmar Opposition Tries Cooperation

An alternative opposition movement is arising in Myanmar, and it is making waves by circumventing democracy champion Aung San Suu Kyi and advocating compromise with the military dictatorship.

Graphic: Myanmar Election 2010

Life & Culture

Church Joins the Club Scene
A crypt near St. Peter's Square has boasted tombs of cardinals for centuries. Today it is taking on a livelier vibe as a church-run nightclub.
- Video: Tales From the Crypt
The Meaning of Bonfire Night
The most atavistic and hazardous of all English festivals will be marked by the snap and pop of distant fireworks struggling through the drizzle.
Asia
Drones Drive Taliban North
A U.S. drone campaign in Pakistan is driving some insurgents from a key haven on the Afghan border into other tribal districts.
Death Toll From Volcano Climbs
Mt. Merapi unleashed another deadly surge of blistering gases early Friday, torching houses in one village and triggering a chaotic midnight evacuation. The death toll rose to 122.
- Photos: Mt. Merapi Eruption Intensifies
- Video: Volcano Unleashes Deadly Eruption 1
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A Unit of Wal-Mart Is Probed in Japan
Seiyu Ltd., a wholly owned unit of the world's biggest retailer, Wal-Mart Stores Inc., said Friday it is being investigated by Japanese financial regulators.
Afghans See Karzai, Iran Hands in Poll
Afghanistan's election authorities are being pressured by President Hamid Karzai and by Iran to alter the preliminary results of September's parliamentary races, adding new controversy to a fraud-marred election, officials and candidates say.
Vietnam to Sell Dollars
Vietnam's central bank said it will sell U.S. dollars on the local market to help relieve pressure on the sliding Vietnamese dong but a state official ruled out further devaluation of its currency this year.
Japan Probes Intelligence Leak
Japanese police are investigating a potentially large leak of sensitive international antiterror materials such as names and addresses of informants from around the world.
Emergency Grounds Qantas A380s
Qantas suspended flights of its six Airbus A380 superjumbo jets after a midair engine failure forced an emergency landing in Singapore.
Fashion
Hermès Heirs Put Safety in Numbers
The unity of the founding dynasty behind French fashion brand Hermès is being tested by Bernard Arnault -- who accumulated a 17% stake in Hermès International.
- Hostile Bids Shake Europe Firms

China Real Time Report

QQ-360 Battle Escalates into War A tech battle escalated as Tencent, operator of the popular instant-messaging software QQ, blocked access to users who have downloaded on their computers Qihoo's 360, China's most popular antivirus service.
Picture China: Crouching Tiger, Cotton Goes Crazy
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India Real Time

Q&A: What Will Michelle Obama Wear in India? When the Obamas arrive in India, most people are likely to be watching Mr. Obama, but at least some will be keeping their eyes on Mrs. Obama-and her frocks.
Seriously Folks, Does Obama Need These Clowns?
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Japan Real Time

This Week's Hits: Domino's Bonanza, Renho's Wrist-tap, Medvedev's Voyage A recap of the week's most-read posts on Japan Real Time.
Lunchbox: Sushi Sase
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Real Time Brussels

EU Rerates Rating Agencies, Again Credit rating agencies are just getting used to one new set of EU rules. Hold on... here comes another.

Greek Local Elections Could Force Fresh Polls

Agence France-Presse/Getty Images Contract firefighters clash with riot police during a protest for permanent jobs outside Parliament in Athens on Thursday.

ATHENS—Greek voters go to the polls Sunday in fraught local elections widely seen as a referendum on the government's tough austerity program. Poor results could force the ruling Socialists to call new nationwide polls after only a year in office.

Greek local elections, 2010 - Wikipedia, the free encyclopedia

Travel, Vacations, Air Tickets, Train Tickets, Hotels, Motels, Apartments

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News of Tonga

Tonga News : Politics
169 polling stations for Tonga's General Election
Nuku'alofa, Tonga: One hundred and sixty nine polling stations will be set up throughout Tonga on Election Day November 25, for registered voters to cast their votes and elect Tonga's new leaders under a new form of government.
04 Nov 2010, 13:31

Tonga News : Politics
42,067 registered voters for November 25 Election
Nuku'alofa, Tonga: With only three weeks left to the General Election on November 25, a total of 42,067 voters have registered to elect their new leaders in the polls under a new government system.
04 Nov 2010, 13:29

Tonga News : Royalty & Nobility
Group prepares to seek court declaration over 'Atalanga ownership
Nuku'alofa, Tonga: The Paati Langafonua Tu'uloa Inc. of Tonga is preparing to file legal proceedings in the Tongan courts to determine the King of Tonga's ownership of the 'Atalanga property, in Epsom, Auckland.
03 Nov 2010, 18:19

Tonga News : Law
Quashing of perjury charges raises questions
Nuku'alofa, Tonga: A former Attorney General of Tonga today said that the move to quash perjury charges against a Tongan law lord raised questions about the independence of the country's judiciary.
02 Nov 2010, 21:50

Tonga News : Police and Crime
22-year-old arrested for Neiafu shop robbery
Nuku'alofa, Tonga: A 22-year-old male suspected of robbing a Chinese shop in Neiafu, Vava'u, on October 22 was arrested by police in Tongatapu last week, Deputy Commander Taniela Faletau reported.
02 Nov 2010, 17:20

Tonga News : Royalty & Nobility
King warns Tu'uloa party not to interfere with 'Atalanga sale
Nuku'alofa, Tonga: Tonga's King through his Auckland solicitors has warned a group challenging the king's ownership of 'Atalanga to back-off or face a substantial counter claim for damages.
02 Nov 2010, 12:17

Japanese concert in Nuku'alofa

THREE professional Japanese musicians showcased Japanese music using string instruments, koto and shamisen on Tuesday night in a free concert at the Queen Salote Memorial Hall in Nuku'alofa.

6.0 undersea earthquake not felt by Tonga residents

A 6.0 magnitude earthquake was recorded in Tongan waters at 12:34 this afternoon but it was not felt by residents in the capital Nuku'alofa or in the outer islands of Vava'u and Ha'apai.

$1.2 million handout for Ashika families

The Solicitor General 'Aminiasi Kefu (centre) and government ministers at the distribution to Ashika families who agreed not to file claims
THE Government of Tonga this morning, November 4 handed out about $1.2 million pa'anga to the next of kin of 14 victims who died in the sinking of the MV Princess Ashika ferry in August last year. Each family received a cheque of $80,000 pa'anga.

'Otuanga'ofa starts sailing north next month

THE exact date when the MV 'Otuanga'ofa will start its service to Vava'u and Ha'apai is yet to be confirmed, but Vaka'uta Pola Vi, the CEO of the Friendly Island Shipping Agency FISH is adamant that the 'Otuanga'ofa will begin its commercial operation next month.

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Nov 5, 2010