




Now every new Mac ships with an Intel processor. Experience delightful responsiveness from the smallest Mac mini to the most beefed-up Mac Pro. Use one of more than 7,000 universal applications that take full advantage of the Intel chip. Run programs from your PowerPC-based Mac in translation. Powered by Intel chips, your new Mac will do all those things that only Macs can do — and do so at an astonishing level of performance.
Every Mac uses a chip based on Intel Core technology, the next generation in processor design from the world’s leading chip maker. The result of massive R&D effort involving thousands of engineers. An entire collection of revolutions shrunk into an unimaginably small space, consuming less energy, too. Two cores work together to share resources, and are designed to conserve power when their functions aren’t required. Whether in an ultra-sleek MacBook, or workstation class Mac Pro, Intel Core technology lets you get more power with less power.
And that means pure creative exhilaration with four 64-bit cores inside the new Mac Pro. The Core-based Intel Xeon is so power efficient, that Apple engineers were able to remove the liquid cooling system from the previous Power-PC based model. Which means you can load up the Mac Pro with more cards, more hard drives, more memory. So you can do more with Final Cut Studio, Aperture, Logic Pro, and the growing number of universal applications for creative professionals.
The Intel Core 2 Duo is actually two processors (cores) engineered onto a single chip — offering virtually twice the computational power of a traditional single processor in the same space. With two cores tightly integrated, increased L2 cache, and a host of engineering breakthroughs, the Intel Core 2 Duo delivers higher performance for all the things you do — from enhancing the family photos to rendering special effects for a feature film.
Now the only question is: Which one?
“To be in the now moment means that you release all of the problems, all of the worries, and you bring the full of yourself to here and now. And within that now moment, your now moment allows your source to flow through you into your life.” The Oracle
The now moment is infinitely small, yet infinitely big. In its smallness, it contains nothing. Yet, the moment of the now contains everything. Because the now moment contains nothing, to be in the now, you must let everything go and empty.
For a moment, empty yourself of everything. Let everything go. Let your problems go. Let your to do lists go. Let your preoccupations go. Let your thoughts and feelings go. As you empty you enter the Golden Flow moves from the Source that you are, into your persona, through your body and into your life. This Flow contains a beautiful dream where all your deepest hopes and desires are manifest. The only thing missing from this dream is you. When you are in the Golden Flow of the now moment you are able to step into the dream and it becomes manifest in your life. This is one of the ’secrets’ of The Law of Attraction. To the degree you align to the bigger dream of your life, it becomes real.
When you are having mental machinations, worries, or charged emotions, your energy is pulled away from the Source that you are. You are off center. Your center exists in the now. It is from the place of being on center that spiritual growth and evolution occurs. The center of a river is where the current flows strongest. It is the center of self where Source energy flows most powerfully.
Take the time to find your now moments. Tell your mind to let it all go, even if only for a few minutes. Tell your mind it can come back to its concerns later, but for now, empty. Do this often. As you do the tremendous power of Source’s flow begins to move through you. Then, hang onto your hat as your life moves in wonderful ways.
Have you ever noticed, that whether it is something as simple as leaving your house and going to a coffee shop, or traveling to a foreign country your creative juices begin to flow and you see the world differently? Have you ever wondered why writers often travel and live in different countries? Traveling frees up your psyche allowing increased perception and creative flow. Getting out of your home and habitual surroundings frees up your psyche and expands your view of the world. Traveling is one of the quickest ways to create positive transformation in your life.
People perceive so little of the world. Just beyond the average person’s perception are entire worlds of beauty, energy, and love. Experience follows perception, and if you want your life to transform and experience the wonder and mystery of life, you need to free up and expand your perception. As you become more aware, you collapse time and free yourself from the laws of form. Increasing your awareness enables you to perceive, not only different realities, but to perceive the greater Self that you are in magnificent ways. One of the easiest and most enjoyable ways of freeing up your perception is to travel, or simply spend time away from where you live or habitually spend time.
If you read analysts’ coverage of the Dollar decline (and consequent Euro rally), there is an even divide over whether it is sustainable. Economic data and technical indicators paint a nuanced picture, such that this kind of uncertainty is understandable.
On the one hand are the the Dollar bears, who point to an economic recession that continues to deepen, and the seeming complacency of the Federal Reserve Bank towards inflation. If there is any doubt as to how the forex markets feel about the Fed’s plan to purchase over $1 Trillion in US government bonds, consider that the the Dollar just recorded its worst weekly performance in 24 years, while the Euro simultaneously recorded its strongest week since its inception in 1999. There’s not much nuance there.
Meanwhile, the economic picture is equally depressing. Summarized by Kathy Lien of GFT Forex:
The Empire state manufacturing survey plunged to a record low in the month of March while Industrial production fell 1.4 percent, driving capacity utilization back to its record lows. Foreign investors reduced their holdings of U.S. assets by the largest amount since August 2007. Homebuilder confidence held near its record lows in the month of March as the slump in the real estate sector shows no signs of easing.
Unfortunately, there is a contradiction in the argument that the Dollar is being plagued both by economic collapse and by the risk of inflation. Writes Marc Chandler, head of FX strategy at Brown Brothers Harriman, “The pessimist camp wants it both ways. The US is going down the same path as Japan, where the end of a real estate bubble led to a banking crisis and a deep economic contraction. And they want to caution that printing of money will boost interest rates, fuel inflation and debase the currency.” He points out that history, as well as common sense, contradict this line of thinking.
Those that remain bullish on the Dollar argue that the Euro rally is a function of technical, rather than fundamental developments. First of all, we are approaching the end of a fiscal quarter. As evidenced by the Dollar decline which took place at the end of December, these periods are usually marked by portfolio rebalancing and hedging, such that it’s not uncommon to see large swings in forex markets. From a technical standpoint, when the Dollar failed to breach the $1.30 level against the Euro, many short sellers were probably forced to cover their positions, which accelerated the Dollar’s decline.
Bulls are confident that the pickup in risk-taking which catalyzed a 20% stock market rise is here to stay. “The move to the upside came after the government described a plan that will…generate $500 billion, and possibly $1 trillion over time, to buy hard-to-trade and badly deteriorated assets from banks.” The banks will be recapitalized, the financial system is being repaired, and everything will be okay, right?
The markets are certainly prone to false-starts. I can count numerous instances of government officials and market commentators insisting that “the worst is behind us.” Nevertheless, if this time proves to be different, it could be bearish for the Dollar, whose role as ’safe-haven’ currency would likely be eroded by a positive change in market sentiment.
While the Obama administration has pledged the kind of fiscal responsibility that would secure its government obligations, its actions haven’t been so responsible. The Fed recently announced purchases of $1 Trillion in government debt, while the government is set to rack up Trillion-Dollar deficits over the next decade, even by the most conservative estimates.
In other words, China is in a quandary; stop lending to the US, and you might see the value of your existing reserves plummet. Continue lending, and you risk the same result. Tired of participating in this apparent no-win situation, China is finally taking action.
First, it will petition the G20 at its upcoming meeting for some level of protection on its $1 Trillion+ “investment” in the US. Meanwhile, Zhou XiaoChuan, governor of the Central Bank of China, has authored a paper calling for a decline in the role that individual currencies play in international trade and finance. According to Mr. Zhou, “Most nations concentrate their assets in those reserve currencies [Dollar, Euro, Yen], which exaggerates the size of flows and makes financial systems overall more volatile.” His point is well-taken, since of the $4.5 Trillion in global foreign exchange reserves that can be identified, perhaps 85% are accounted for by Euros and Dollars alone. When crises occur, everyone flocks to these currencies.
Mr. Zhou’s proposal is not without precedent. “His idea is to expand the use of ’special drawing rights,’ or SDRs — a kind of synthetic currency created by the IMF in the 1960s. Its value is determined by a basket of major currencies. Originally, the SDR was intended to serve as a shared currency for international reserves, though that aspect never really got off the ground.” It’s not clear exactly how such a system would work, but the idea is straightforward enough; instead of holding individual currencies, which are inherently volatile, Central Banks would be able to denominate reserves in a sort of universal currency. Instead of parking money in US Treasury securities, they would hold IMF bonds, or some equivalent.
Even before China starting becoming more vocal about its concerns, analysts had begun questioning the role of the US as reserve currency. I’m not just talking about the perennial pessimists. Within the context of the current credit crisis, a bubble may be forming in the market for Treasury bonds. “Foreign buying of American financial assets by both private investors and governments averaged $141 billion from September to December, Treasury data show…Demand was so strong that, for the first time, investors accepted rates below 0 percent on three-month Treasury bills to safeguard their capital.”
There is concern that a slight recovery in risk appetite (of which there is already evidence) could ignite a massive sell-off: “People are sitting there holding massive amounts of zero- yielding dollar assets. If there is any sort of good news, demand for dollars can drop off very, very quickly.”
Until the Fed announced an expansion of its quantitative easing program two weeks ago, gold had begun to fade into relative obscurity. Sure, gold had risen in value from a low of $710/ounce back up to $900/ounce, but prices were still off 10% from the highs reached in 2008. Meanwhile, risk aversion had begun to decline and the stock market had begun to rise, such that pundits were talking more about stocks and less about gold.
Since the Fed’s announcement, however, gold has been thrust back into the spotlight. The same trading session that saw a record fall in the Dollar and a record rise in Treasury prices, also witnessed a 7% spike in gold futures prices. ” ‘Money is being pushed into the system and that’s creating the inflationary threats that the markets are contemplating…Commodities are a decent way to hedge against that potential threat,’ ” observed one trader.
Other analysts, however, caution that rising gold prices are a sign of the fear/crisis mentality, not inflation. “There are just not a lot of alternatives for global investors. You will see more and more investors moving into gold as a safe haven, and you will see more institutions putting money into commodities indexes.” In other words, gold is being driven by the safe-haven trade, which is evidenced by an increasing correlation with Treasury bonds. One commentator calls it a hedge against uncertainty: “The demand for gold is for gold coins, a massive flurry of bullion buying by ETF’s (and investors), and the institutions and traders buying the hell out of it. The reason is simple… pure fear.”
With the exception of the perennial gold bulls and conspiracy theorists, the short-term consensus is that due to “massive spare capacity now opening up in the global economy, soaring unemployment and a dysfunctional banking system – it would be very hard for central banks to generate a surge in inflation even if they wanted to.” This analyst further argues that the Fed is undertaking the expansionary program under the implicit assumption that it will have to siphon this money out of the financial system, if and when the economy recovers.
Of course, there is not even a consensus that gold is a good hedge against inflation. Mike Mish points out that the correlation between the US money supply and the price of gold is not very robust. When examined relative to a basket of currencies (rather than the Dollar), however, the relationship suddenly becomes much stronger. Especially when you filter out fluctuations in the value of the Dollar (which is affected by many factors unrelated to inflation), “gold is doing a reasonably good job of maintaining purchasing power parity on a worldwide basis.” This can be seen in the following chart:
Ascertaining a relationship ultimately depends on the time period of analysis, and the currency(s) in which prices are being tracked. Given also gold’s notorious volatility, it probably makes sense to use special inflation protected securities, rather than gold, as an inflation hedge.
Last week marked the beginning of earnings season, as corporations release the results from the first quarter of 2009. The season got off to a strong start with financial heayweights Goldman Sachs and Wells Fargo both smashing analysts’ expectations with large profits. Over the next few weeks, most listed companies will report earnings, which could collectively set the pace for financial markets for the next couple months. “Markets will continue to watch the corporate earnings data very closely in the short term with company comments on prospects also very important for sentiment with any optimism liable to curb defensive dollar demand.”
The last few weeks have witnessed a general decline in risk aversion, as investors have selectively interpreted economic data to support the notion that the economy as bottomed out. Improvements in corporate earnings could reinforce this trend, especially if a majority of companies beat analysts’ expectations. In short, “Forecast-busting first quarter results from Goldman Sachs on Monday encouraged optimism that the worst may be over for financial firms, but investors stayed cautious given that there are many more results to concern.”
It will be interesting to see if and how the strong Dollar will affect corporate earnings. On the one hand,the expensive currency would be expected both to drive a decrease in exports as well as a decrease in earnings from companies that do significant business overseas, since such companies earnings appear relatively smaller in Dollar-terms when exchange rates are more favorable. On the other hand, the decrease in the US trade deficit (to a nine-year low), suggests that the strong Dollar is not exerting a negative impact. “Exports sprang back in February after six months of decline, increasing by 1.6 percent to 126.8 billion dollars and comprising mostly consumer goods, automotive vehicles, foods, feeds and beverages.”
Ironically, an improvement in corporate profitability would further drive risk-taking and would thus have the effect of weakening the Dollar. One would think that an improved economic outlook would strengthen the Dollar. In actuality, financial and psychological factors continue to predominate in financial markets, and investors are looking for an excuse to dump the Dollar in favor of higher-yielding alternatives.
Their is a danger in currency markets taking their cues from stocks, given that the bear-market rally that unfolded over the last month is one of the most dramatic in history. The herd mentality has caused investors to become complacent about risk and pile willy-nilly back into the markets. Writes one analyst, “The growing potential for economic disappointment due to further growth contraction as well as overly confident, economically myopic policy-makers leaves stocks set up for a major wave of selling.”
Opening in December, 2008, The Hilton Grand Waikikian became the newest addition to the sprawling 22 acre Hilton Hawaiian Village Beach Resort and Spa on Waikiki Beach. This 38 story, 331-suite luxury time share is a vacation home to the elite members of The Hilton Grand Vacation Club. Club members will spend between $40,000 and $80,000 for an annual week-long stay at this upscale property. Suites range from one to three bedrooms and the five top floors house the three-bedroom Penthouse suites, which average $100,000 for an annual week-long vacation. The Hilton Hawaiian Village property includes a number of hotel towers and three time share towers, including the 236 unit Lagoon Tower and the 72 unit Kalia Tower.
The Grand Waikikian includes many upscale amenities as well as a 5,000 square foot pool which features a water slide, waterfalls and a swim-through grotto lagoon.
On the Western side of the island, another large scale project is in the works. The Disney Company has ventured to the Aloha state to begin work on their first non-theme park related resort on 21 acres of beach front property in Ko Olina. The $800 million resort will include 350 hotel rooms and 480 time share villas for their more than 350,000 Disney Vacation Club members. With Hawaii’s Governor’s blessing, this Disney resort anticipates creating more than 1,000 new jobs. While most hotels typically offer job opportunities for hospitality and housekeeping personnel, one can only expect that this new resort will open up more diverse employment prospects, living up to the the Disney way of the provision of entertainment and activities.
When we travel around, there are a couple of Hotels that we absolutely love, and would not change it for the world. You see after traveling when we were younger and experiencing horrible beds, stinky rooms, dirty tubs (other people's hair left in them after cleaning,) old and outdated lobbies, and much more, we decided to take a step up after trying to pinch pennies at the expense of our comfort.
Well, my first choice is in Houston, Texas at the Hilton Hotel next to the Toyota center in downtown Houston. Let me give you a descriptive view of this place...
1. You drive up and there are a number of people waiting to assist you.
a. The Valet Parker. This is your only option. You can not park your own car (cool isn't it)
b. The Bellhop. He is there to take your clothes out of the card and wait on you while you check in. Actually, everytime you leave and come back, you don't even have to carry your own shopping bags if you do not want to.
c. Greeter. He greets the family, gets your name, and asks you is there anything like information that you may need while staying in Houston. They will get reservations for you, directions, suggest shopping places, Realtors, anything that they are familiar with, they can find out for you.
2. Now, the inside. Once you walk in through the motion activated turning entrance, you are welcomed by every worker that lays their eyes on you. There is beautiful detail on the ceilings, the restaurant, the registration desk, even the columns and floors are immaculate in detail. Just imagine even the elevators are gold.
3. Now, the room. They are always immaculate. I have never ever complained about anything that was undone in the rooms.
4. Room Service. They will bring you food throughout the night. They are always polite, the call you by your name and will return with just a call from you to pick up their trays. Also, their food is really good. It tastes like someone from Louisiana cooks the food.
5. Checkout. Best of all. There is no check out. The last morning of your stay, you can check out on the television, or simply look at the bill that they will slide under your door first thing in the morning. If you do not have any disputes, simply leave.
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