Will Bitcoin Overtake Paypal?

Bitcoin  is a peer-to-peer digital currency that functions without the intermediation of a central authority.The concept was introduced in a 2008 paper by a pseudonymous developer known as "Satoshi Nakamoto".
Bitcoin has been called a cryptocurrency because it is decentralized and uses cryptography to control transactions and prevent double-spending, a problem for digital currencies. Once validated, every individual transaction is permanently recorded in a public ledger known as the blockchain.[2] Payment processing is done by a network of private computers often specially tailored to this task.[4] The operators of these computers, known as "miners", are rewarded with transaction fees and newly minted Bitcoins. However, new bitcoins are created at an ever-decreasing rate.
http://en.wikipedia.org/wiki/Bitcoin

I created this video with the YouTube Video Editor (http://www.youtube.com/editor)

It's that Simple;Employment Report Be The Tipping Point For Equities?

OPINION ON TODAY
This is bad...mkt will weaken throughout the day:

1) Upward revisions mean slowdown is worse than feared
2) Upward revisision and headline number and rate means QE NOT likely
3) All the change to get to 8.1 was a decrease in particpation rate
4) Hourly earnings weak



and Europe likely to fade into the close on election fears
http://seekingalpha.com/currents/post/297321

ALSO
 One does not need to be a rocket scientist to grasp the fudging the BLS has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people "drop out" of the labor force for one reason or another. While there is some floating speculation that this is due to early retirement, this is completely counterfactual when one also considers the overall rise in the general civilian non institutional population.

Labor Force Statistics from the Current Population Survey

 

Series Id:           LNS11300000

Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate

Type of data:        Percent or rate
Age:                 16 years and over

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
2002	66.5	66.8	66.6	66.7	66.7	66.6	66.5	66.6	66.7	66.6	66.4	66.3
2003	66.4	66.4	66.3	66.4	66.4	66.5	66.2	66.1	66.1	66.1	66.1	65.9
2004	66.1	66.0	66.0	65.9	66.0	66.1	66.1	66.0	65.8	65.9	66.0	65.9
2005	65.8	65.9	65.9	66.1	66.1	66.1	66.1	66.2	66.1	66.1	66.0	66.0
2006	66.0	66.1	66.2	66.1	66.1	66.2	66.1	66.2	66.1	66.2	66.3	66.4
2007	66.4	66.3	66.2	65.9	66.0	66.0	66.0	65.8	66.0	65.8	66.0	66.0
2008	66.2	66.0	66.1	65.9	66.1	66.1	66.1	66.1	65.9	66.0	65.8	65.8
2009	65.7	65.8	65.6	65.6	65.7	65.7	65.5	65.4	65.1	65.0	65.0	64.6
2010	64.8	64.9	64.9	65.1	64.9	64.6	64.6	64.7	64.6	64.4	64.5	64.3
2011	64.2	64.2	64.2	64.2	64.2	64.1	64.0	64.1	64.1	64.1	64.0	64.0
2012	63.7	63.9	63.8	63.6

---------------------------------------------------------------------------------------------

May 4, 2012  | 5 commentsby: Parsimony Investment Research  |  includes: EEM, GLD, IWM, SPY, XLF

If you want a true gauge of the sustainability of the economic recovery, look no further than employment and housing. If the job and housing markets remain weak, the consumer-driven U.S. economy will continue to sputter.
It's that simple.

As highlighted in a previous article, the housing situation in the U.S. still remains relatively bleak. Sales of new homes stand at just about half the roughly 700,000-a-year pace that analysts consider evidence of a healthy market. In addition, home prices are back to levels not seen since late-2002 (based on the Case-Shiller Composite 20 Index).

On the jobs front, private employment increased by 119,000 in April, the smallest gain in seven months, after rising by 201,000 in March (according to a report published by ADP on Wednesday).


As shown in the chart above, the ADP report has a strong historical correlation (0.95) with BLS estimates of total nonfarm payroll employment. As such, many analysts now think that Friday's jobs report will come in well below consensus estimates (167,000).
Even if actual payrolls come in close to consensus estimates, monthly employment growth continues to hover below the magic 200,000 number that signals a strong job market. Payroll growth below this level has historically been negative for stocks.





Employment and Stocks
After troughing in mid-2009, monthly payroll growth turned positive again in early 2010 and the job market appeared to be stabilizing (see chart above). The equity market also began to strengthen, rallying significantly throughout 2010 and early 2011.




Payroll growth dropped below 200,000 in May 2011 and stayed below that level for seven consecutive months (through October 2011). As shown in the chart above, the S&P 500 (SPY) was down over 18% from peak to trough over that period.
The Russell 2000 (IWM) fared even worse, declining over 25% over that period (see chart below).


Other high beta sectors like Financials (XLF) and Emerging Markets (EEM) were down over 30% during this sustained period of slow payroll growth (see charts below).

The Tipping Point for Equities?

If the recent payroll report is the start of a new trend of stagnant employment growth, equities could be in trouble in the coming months.
Investors should continue to monitor the employment market very closely and consider hedging their equity positions and/or diversifying into asset classes that will perform better in a "risk off" environment (like precious metals).
As shown in the chart below, gold (GLD) was up over 20% from May 2011 to October 2011.

---------------------------------------------------------------U.S. April hiring slows, jobless rate falls to ---------------------------------------------------

Reuters 6:54 AM, E.T. | May 4, 2012 Economy, U.S. Tags: U.S. employment

todays news


U.S. employers decreased hiring for the second straight month in April but the unemployment rate still fell to 8.1 percent, giving mixed messages about the economy's strength ahead of President Barack Obama's November re-election bid.
Employers added 115,000 workers to their payrolls last month, the Labour Department said on Friday.
The reading keeps fears alive that the U.S. economy is losing momentum and dampens hopes that a stretch of strong winter hiring signaled a turning point for the recovery.
The unemployment rate ticked a tenth of a point lower to a three-year low, as people left the work force. The jobless rate is derived from a separate survey of households, which showed a drop in the number of jobs in April.
Still, the government revised upward its initial estimates for payroll growth in February and March by a combined 53,000. That left the six-month average of job growth at 197,000, nearly exactly where it would have been had April job growth come in as expected at 170,000.
"We're still growing just gradually," said Nigel Gault, an economist at IHS Global Insight in Lexington, Massachusetts.
"Hiring is coming back into line with what you would expect with sluggish growth."
The report, which regularly sets the tone for financial markets around the world, could rattle nerves at the White House. Weak U.S. growth and high unemployment create a formidable headwind for Obama, who entered office during the darkest days of the 2007-09 recession.
His Republican challenger, Mitt Romney, repeatedly has accused Obama of doing too little to foster job growth.
The unemployment rate, which soared to as high as 10 percent during Obama's first year in the office, held near 9 percent for most of last year before falling sharply over the winter.
Still, it remains about 2 percentage points higher than its average over the last 50 years, and the U .S. Federal Reserve thinks it probably will not post a full recovery for at least another several years.
Nevertheless, Fed Chairman Ben Bernanke said last month the central bank is providing enough support for the economy.



WEATHER REPORTS
So far this year, the labour market has given mixed signals.
During the winter, fast growth in payrolls led many analysts to think the economy was turning a corner. Then jobs growth braked in March, fueling fears the recovery was losing momentum.
Most economists think mild weather muddied the waters, boosting hiring in the winter but making spring look weaker because companies had pulled hiring forward.
"It's not that there's something wrong with the economy. Employment just got ahead of itself," said Robert Mellman, an economist at JPMorgan in New York.
The report showed the private sector accounted for all the job gains in April, adding 130,000 new positions. Manufacturing registering another strong month, adding 16,000.
Wall Street analysts see economic growth holding at a lackluster 2.2 percent annual rate in the second quarter, matching its pace in the first three months of the year.
The length of the average work week held steady at 34.5 hours in April.

Will The Employment Report Be The Tipping Point For Equities?

BEST FINANCIAL JOBS IN THE MARKET

listen to the MP3 version
http://www.radio-shalom.ca/mp3/Programs/1042/2012-04-04-Best-Jobs.mp3
　


MONEY MONEY AND THE JOB MARKET
INTRODUCTION　
http://www.radio-shalom.ca/site/emissions-1042


Bill Gates once said "It is the people with whom you work with, that makes a difference". People are the power behind any company, it’s the employees of the companies which helps a company grow. This signifies the importance of hiring a good and right candidate for an organization. Employees are the real assets of any company, that is why most of the bigger companies does everything to retain a good candidate.

Globalization has increased the demands for manpower. Selecting and Hiring a right employee has always been a challenge. It still is a challenge, that is why majority of companies hire placement consultant for hiring the right candidate for their organization. It doesn't make any difference what position you are recruiting for, it is a difficult task to determine a persons qualifications simply by asking a few questions during the interview(s). From the small business mom and pop operations to the large corporation, there are basic recruiting procedures that can be used to help you identify the right person for the right job.




The hiring process can be approached from many different angles depending on the skill level, job responsibilities, and educational requirements necessary to fill the job opening. In todays show we will address a couple of key elements that can be used to find good quality people. I personaly feel the secret to finding a good employee is in discovering their inner character, what drives them, what makes them tick. Once you know a little bit about who they are, you can then move on to determine if they have the work experience and or skills necessary to perform the job.

Today Canadians have taken alot of personal debt in the past year from buying overpriced houses and condos to piling up credit card debt charges , but a 1/3 of canadians feel in 2012, that they're still worried over what they see as a stalled national economy that has left them standing still , instead of getting them ahead.

 According to the RBC Canadian consumer confidence index, released in february 2012 , the number of Canadians who feel confident about the domestic economy's prospects over the next year dropped to 32 per cent in January 2012 from 43 per cent in January 2011 — and 56 per cent from January 2010, when canada was exploding out of the recession with strong economic activities.

Craig Wright, RBC senior vice-president and chief economist said "We're becoming more concerned about employment prospects in Canada," "The past two years have started out with strong employment numbers and then finished on a weak note.

Unfortunately, we've now seen 2011's year-end weakness spill over into the beginning of 2012. This, combined with the current unsettled environment due to ongoing concerns about the U.S. and European economies, leaves us cautious about our job outlook for 2012.

My name is Samuel Ezerzer, your host to the Money & Business show on Radio Shalom, CJRS 1650 AM. Thank you for tuning in live with our Business studios headquarters in Montreal, the financial capital and the home to the greatest hockey team, the Montreal Canadians. We have another great show for you today and as always, you can call if you have any questions, comments, or criticisms on today's topic. Please call us direct at514 738 4100 ext 200.
today we have live from Toronto , canada in his corporate head office is Mark Toren president of Altura search partners,we will discuss ,The best jobs are in health care , Technology and Financial services but today we will focus more on the financial services , the financial sector it is one of the biggest and fastest growing sectors of the economy , an aging population is creating a huge and urgent need for finacial planning and investment services. or email me at moneyandbusinessshow@gmail.comif you have any inquiries. You can also visit our website at www.radio-shalom.ca– all our shows are archived there. I work as Financial Consultant for T.E MIRADOR or TE WEALTH. TE MIRADOR has been providing Corporate Executives, CEO ‘S, families, employers and employee with independent wealth management and Financial education services since 1972. You can visit our website for my contact information atwww.temirador.com,　

Biography 　 　

　

　

Mr. Mark Toren, President of　 Altura Search Partners and is considered a leading authority on executive search matters to the Asset Management Industry in Canada. Mr. Toren is an affiliate member of Canada's prestigious Portfolio Management Association of Canada, an affiliate member of the CFA Institute, the Investment Advisor's Association, member of the Association of Canadian Employment Search & Staffing Services, the Human Resource Professional Association, the National Club, Montreal's Atwater Club as well as the Toronto Board of Trade.　
He has been involved with various educational & University events: he remains a guest speaker at various educational and industry events. His articles have been featured in the investment industry’s leading publications, including the Globe & Mail, Advisor’s Edge, the Investment Executive & The CFA Journal.






QUESTIONS
 

Mark you are the founder and president of Altura Search Partners a specialty boutique firm that specializes to the asset & wealth management industry in North America, you started the business in 1999, how did that come about?

　

　
Mark According to the RBC Canadian consumer confidence index, released in february 2012 , the number of Canadians who feel confident about the domestic economy's prospects over the next year dropped to 32 per cent in January 2012 from 43 per cent in January 2011 — and 56 per cent from January 2010, mark are you getting a sence when you meet your clients , that they want to get rid off high saleried employees, thus making employees feel that the ax is coming soon?

Mark the question is what are the the benefits of hiring a placement consultant or an executive search company like yourself , is it really worth it for any companies to spend 10k, 15k or even 25k for top employees?
 
 
 (As a placement consultant myself, i definitely think its worth hiring a placement consultant. It is not that i am biased. I personally feel that hiring placement consultancy has many benefits.

Placement consultant takes off recruitment work load from the Overloaded company HR’sPlacement consultant does the initial screening of the candidate thus saving the precious time of HR personnelPlacement consultants have access to job portals like naukri, monster, timejobs thus ensuring that best quality candidates are available for the companyPlacement consultants co-ordinates with candidates from beginning to the end thus company HR’s can focus on other important workPlacement consultants can perform reference check to assure the authenticity of the details mentioned by the candidatesPlacement consultants generally give 3 months of free replacement of candidates in case the candidate leaves the organization　,, , , , ,

Private wealth Is one of the fastest growth sectors in the investment industry, we are very interested in Investment Counsellors, Portfolio Managers, Relationship Managers, Sales & Marketing professionals and client services that have specific experience within the private client and HNW arena. Candidates should have a minimum 2 years of industry and function related experience. A strong passion for sales, business development and client relationship management.

Mark what are the key elements that can be used to find good quality people?

Mark about Canada needing skilled professionals In the coming year, Canada will be needing around 10,000 professionals and skilled individuals to be employed at variou vacant positions of jobs in Canada. .Although, the rate of joblessness in Canada is high, but a point worth noticeable here is that Canada still has a great demand for skilled professionals because the economy is getting better ?

　

While there have always been parts of the country that export their skilled workers to where the jobs are, the RBC study found 30 per cent say they would have to move in order to keep or advance in their present jobs, or to find new work — and 50 per cent believe that Alberta is creating the most jobs ? Is Alberta still the king in job creation?

　

Mark 53 per cent of families say they will defere major purchases —such as a car, or a major appliance — because of the current economic conditions, and 47 per cent say they expect to spend less in the coming year, Mark at the end of the day its not good news for job growth in Canada if canadian will spend less and contribute less to the economy?

　

In Canada mark 20% of the working population hate where they are working and work in a field that does not fit there skills? what do you do at this point ?

　

The fields in greatest demand lies in the asset management & investment banking side-again particularly on the sales & marketing side. As companies see their earnings and revenues stay stagnant, the needand demand for increased sales and revenue increases substantially?

　

Just as a search firm should perform rigorous diligence on any candidate, likewise the candidate should also invest the time to ensure they are also working with the 'right' firm that represents their own goals and objectives. As a candidate, is it their responsibility to perform there own due diligence?

　

Top 10 Reasons Employees Quit, No Job Security mark ;In the 21st Century, we have circumstances such as downsizing, job outsourcing, decreasing profits, increasing corporate competition, and mergers and rumors of mergers. are you starting to see more employees stay on the lookout for new jobs constantly, even if they are happy with the one they have. it seems many have little to no confidence in upper management long-term.


Mark one signs that it's time to quit your job is You've recently felt so stressed out at work, that you are turning into an emotional employee. This is a huge sign that your current job is not working for you. I remember when the market collapse in 2007-2008 witnessing one of the brokers , burst into tears at work, in front of my manager. So mark Before you get to your breaking point, should you be aware of your stress levels, if they become unmanageable, to look for another new job ASAP, before your emotions get the best of you, and you get fired.

　

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Mark Adler

wednesday at 4:30pm -4:40pm House of Commons Finance Committee and Transport and Infrastructure Committee and actively represents York Centre residents in the community and in Ottawa. By sitting on the Finance Committee Mark is able to directly affect government spending through taxation and budgetary legislation, and thus help to improve the economies of both the riding and Canada as a whole.　

Mark Adler was elected as the Member of Parliament for York Centre on May 2, 2011. He is the first child of a Holocaust survivor to ever be elected as an MP. He is a member of the

The Conservatives released their 2012 budget last Thursday, promising cuts of $5.2 billion a year over the next three years, a return to surplus by 2015 and no significant tax changes for individuals.What is in the budget mark that can add up to 5.2 billion in savings over 3 years ?

-Eliminating production of the penny, for annual savings of $11 million.
-Raising the age of eligibility for Old Age Security from 65 to 67 beginning in 2023.
-Cutting 19,200 federal positions, or about 4.8 per cent of the federal workforce.
-Increasing the retirement age from 60 to 65 for individuals joining the federal public service in 2013 and beyond
Increasing duty-free cross-border shopping limits for 24-hour and 48-hour trips.
-Cutting CBC funding by 10 per cent over three years.
-Forcing public servants to pay more into their pensions under a 50/50 formula.
-Selling some official residences abroad and down-sizing others.
-Phasing out the Atlantic Investment Tax credit.
　　-There was bad news for the CBC: $115 million of the public broadcaster’s $1.1 billion in total funding will be slashed over the next three years. The cut, which amounts to roughly 10 per cent of the corporation’s total budget, Mark, Former CBC president Robert Rabinovitch Said quote " its A back door way of destroying public broadcasting" ! Mark what message to CBC is the government conveying from these budget cuts and would it be serve taxpayers if it privatized the cbc?
　
Some are saying mark that these cuts goes against the wishes of a majority of Canadians who want the CBC’s funding to be maintained or increased, and will do real damage to our news, culture and digital economy.?
　
-Finance Minister Jim Flaherty’s budget cuts were not as deep as expected but will see 19,200 Public Sector jobs lost over three years, Many of the cuts will hit the bureaucracy, not the front-line services? Right?　




-Bob Rae, the interim (at least for now) Liberal leader, directed his fire first and foremost on the budget’s failure to stimulate employment. he said "After Canada experienced zero job growth during the last six months, we expected this budget to have one focus – jobs, Didnt Flaherty mention that 205 million will go to extend a hiring tax credit for small business, and another $50 million over two years for youth employment?-
　
-The Government of Canada proposes to gradually increase the age of eligibility for the Old Age Security pension and the Guaranteed Income Supplement (GIS) between the years 2023 and 2029, from 65 to 67. How are canadians reacting to the new change in eligibility for old age security pension.

　
Age of eligibility for Old Age Security rises gradually to 67 from 65 starting in 2023 — but does not affect anyone 54 or older as of March 31, 2012.
　
-Under the proposal, anyone born in 1963 or later will be eligible for the Old Age Security pension and Guaranteed Income Supplement benefits at the age of 67.
Year of birth: 1962The following table shows the proposed age of eligibility for the Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) for people born in 1962 (by month of birth). It also shows the month they will be eligible for the OAS pension and GIS and when they will receive their first payment.

Month of birth	Your age of eligibility	You will be eligible for the OAS/GIS in	You will receive the first payment in
January	66 + 11 months	December 2028	January 2029
February	67	February 2029	March 2029
March	67	March 2029	April 2029
April	67	April 2029	May 2029
May	67	May 2029	June 2029
June	67	June 2029	July 2029
July	67	July 2029	August 2029
August	67	August 2029	September 2029
September	67	September 2029	October 2029
October	67	October 2029	November 2029
November	67	November 2029	December 2029
December	67	December 2029	January 2030

　


-Canadians are being asked to round prices up or down to nearest nickel? Mark A thought for your penny , why is the penny being phased out? Why Canada has been behind the times times as of Israel , Switzerland and brazil even have successfully eliminated single digit coins.



Cost 130million /year to upkeep them.

-In new zeland they phased out the nickel , is it too soon to phase the nickel out in Canada as well or it may cause confusion or even damage to the economy if we phase it out too soon?