World markets rise as double-dip fears ease

 LONDON — World stock markets advanced modestly Monday as investors rode momentum from Friday, when an upbeat U.S. jobs report eased fears that the global economy could slip back into recession.

With Wall Street closed for a holiday, however, trading was expected to remain light.

Markets took heart after official data last week showed private employers in the U.S. added 67,000 jobs in August, more than analysts expected.

The figure bolstered optimism that the U.S. will maintain a slow but steady recovery from last year's recession and avoid another economic contraction later this year.

By mid-afternoon in Europe, Britain's FTSE 100 index was up 0.3 percent at 5,446.17, Germany's DAX was 0.3 percent higher at 6,153.31 and France's CAC-40 was up 0.3 percent at 3,684.20. Asian indexes closed higher and trading on Wall Street was to remain shut for Labor Day weekend after closing higher on Friday.

With most major governments reining in economic stimulus measures and many pushing through austerity spending cuts to reduce deficits, investors worry the global economy would be pushed into a double dip recession, particularly as the U.S. slows down quickly.

Because the U.S. economy is the world's largest and consumer spending there accounts for a fifth of global economic activity, the stronger-than-expected jobs data on Friday helped calm investors' frayed nerves after weeks of worrying indicators.

"The renewed flight to safety we have witnessed over the past month is overdone and risks an equally large reversal when the worries over a double dip subside," analysts from Rabobank said in a report.

"As the unexciting, steady and below-trend global recovery continues, it's important not to confuse it with a double dip recession."

Japan's benchmark Nikkei 225 stock index climbed 2.1 percent, or 187.19, to 9,301.32 and South Korea's Kospi rose 0.7 percent to 1,792.42.

Hong Kong's Hang Seng index added 1.8 percent to 21,355.77. Australia's S&P/ASX 200 gained 0.8 percent at 4,575.50. Markets in mainland China, Taiwan, India, Indonesia and Singapore were also higher.

The Dow Jones industrial average jumped 1.2 percent to close at 10,447.93 on Friday. The broader Standard & Poor's 500 Index rose 1.3 percent to 1,104.51.

Shares in the U.S. ended the week in the positive, the first time that has happened in a month. The early gains in September mark a stark turnaround from August trade, when shares fell on doubts about the global economic recovery.

The dollar fell to 84.24 yen from 84.27 yen on Friday. The euro was slightly lower at $1.2880 from $1.2895.

Benchmark oil for October delivery was down 40 cents at $74.20 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 42 cents to settle at $74.60 on Friday.

Noteworthy | Bats Global Markets had a record U.S. market share for August Read more: http://www.kansascity.com/2010/09/06/2203445/noteworthy-bats-global-markets.html#ixzz0ypySKXgE

 Bats Global Markets, a Lenexa-based electronic trading exchange, said it had a record U.S. market share for August of 10.6 percent and a high of 5.8 percent in Europe. The share of U.S. market trading for August dipped slightly from its 11 percent slice for July.

Done deal

Epiq Systems, which provides software for lawyers handling bankruptcy, litigation and other financial and regulatory matters, said it had successfully completed a nearly $30 million stock buyback. The company said it had repurchased roughly 2.3 million shares at an average price of $12.83.

Freaky speaker

“Freakonomics” co-author Stephen Dubner will be the featured speaker at Park University’s Xerox Global Business Lecture Series at 7 p.m. Oct. 7 at the Folly Theater. “Freakonomics,” written by Dubner and Steven Levitt, was published in 2005 and became a best-seller and cultural phenomenon with more than 4 million copies sold. The two later teamed on a sequel, ”Superfreakonomics.” Tickets for the lecture are $10 each and can be purchased at the Folly box office at 1020 Central

Crude Oil Falls for a Second Day on Speculation U.S. Fuel Demand Will Drop

 Oil declined to trade near a four- day low, as falling equity markets reinforced doubts about the global economic recovery while the end of the U.S. summer peak consumption season signaled lower demand from refiners.

Yesterday’s U.S. Labor Day holiday marked the end of the driving season. Refiners often idle units for maintenance in September and October as gasoline demand drops and before heating-oil use increases. The Stoxx Europe 600 Index fell as much as 0.7 percent. Asian stocks also declined, with the benchmark MSCI Asia Pacific Index snapping four days of gains.

“Weak Asian markets and the weak start in Europe are pushing oil lower,” Gerrit Zambo, a trader with Bayerische Landesbank, said from Munich.

Crude for October delivery dropped as much as $1.39, or 1.9 percent, to $73.21 a barrel in electronic trading on the New York Mercantile Exchange and was at $73.29 at 10:06 a.m. London time. Yesterday’s transactions will be booked with today’s trades for settlement purposes, as there was no floor trading on Labor Day.

Brent crude for October settlement declined 89 cents, or 1.2 percent, to $75.98 a barrel on the ICE Futures Europe Exchange in London.

Crude also dropped as the dollar gained for a second day against the 16-nation euro, reducing the appeal of commodities as an alternative investment. The U.S. currency was at $1.2769 to the European currency, up from $1.2876 yesterday in New York.

“Equities are weaker and the dollar is stronger, so for the next few days we’re likely to move in a $70-$75 range,” Frank Schallenberger, head of commodities research at Landesbank Baden-Wuerttemberg, said from Stuttgart.

Rising crude oil inventories in the U.S., the world’s biggest oil consumer, are also weighing on petroleum prices, Schallenberger said. U.S. stockpiles of crude are currently about 5 percent higher than a year ago.

Commodities: Oil retreats in subdued trading

LONDON (SHARECAST) - Crude oil futures fell on Monday with trading mostly subdued due to the US Labor Day holiday. 

While there was no floor trading during Monday’s holiday crude for October delivery fell 58 to $74.02 a barrel in electronic trading on the New York Mercantile Exchange. 

Concern about declining demand for oil drove prices lower, as the US driving season comes to an end. Monday’s Labor Day officially marked the end of the summer driving season. 

Unease about the struggling US economy and an oversupplied oil market is also weighing on oil demand. Crude inventory levels are now at the highest level since June, according to last week’s figures from the Energy Department. 

Traders will also be keeping an eye on Tropical Storm Hermine, which reached the Gulf of Mexico Monday evening US time. 

Gold for December delivery was little changed at $1,251.20 on the Comex division of the New York Mercantile Exchange. Floor trading was closed Monday for the US holiday.

The ad that uses YouTube brilliantly

There is a strange and troubling rumor that YouTube is actually beginning to make money. (No, this is not merely because of the millions who continue to enjoy JK's supremely inventive wedding dance.)
Indeed, Google CEO Eric Schmidt was quoted by The New York Times as saying, "YouTube is a big component of our display revenue, and display is our next big business."
There is even talk that YouTube will earn $450 million this year. But it's hard to remember too many great ads that have graced YouTube's often prosaic surface.
However, I am grateful to MediaBeat for bringing to my attention this lovely ad for the Liquid Paper-like product Tipp-Ex--an ad clearly constructed specifically to take advantage of YouTube's many physical dimensions.
(The ad does include a few injudiciously excitable phrases, so I'll put on the seat belt sign: NSFW--not safe for work.)

As you enjoy watching the hunter in this home-video-like ad avail himself of the Tipp-Ex--which is conveniently displayed next to the bogus home video in what would otherwise be a conventional and boring little YouTube ad box--please also enjoy some of the possibilities the ad gives you, once you realize the bear might not die. (In this respect, the ad may well have been influenced by Burger King's "subservient chicken" of several years ago, not to mention the more recent Old Spice campaign.)
There will be those who will enter difficult words like "kissing" in the space the Tipp-Ex creates in the title of the "home video." Inserting the word "kissing" is actually a good place to start. You will see that the creators are blessed with a fine sense of the absurd.
There was a day when it was the ads--especially in countries like the U.K.--that elevated the style level of TV. Now, perhaps, the lovable mess that is YouTube might be considerably lifted by more ads of this quality.

Salaries Offered to Pharmacy Technicians

Pharmacy technicians are people trained in pharmacy handling. They have all the skills necessary to handle a
pharmacy but do not have the educational qualifications to become a pharmacist. They workwith pharmacists and customers, handling prescriptions, patient records, and medication. A pharmacy technician fills out prescriptions by weighing, counting, and measuring medications as required.

Most pharmacy technicians spend their time behind the counter of a pharmacy, standing through the day to meet customer's requirements. Often, they are also expected to carry-in or move heavy boxes, ladders, and other containers that are delivered to the pharmacy. A pharmacy technician can be a single employee in a small pharmacy or part of a team of technicians in larger pharmacies.

Pharmacy technicians are often expected to maintain odd-hours, especially if the pharmacy is a 24-hour one. They might also be required to work night shifts and weekends. Their duties can vary depending on the pharmacy and range from simple medication dispensing and customer interaction to answer phone calls and operating the cash counter.

A pharmacy technician's salary mostly depends on his experience and qualifications. Many technicians do not have any formal qualification and have learnt the pharmacy trade on-the-job under a pharmacist. Such pharmacists generally receive lower salaries than those with a formal diploma or certificate in pharmacy handling.

The overall work experience of a pharmacy technician is also an important deciding criterion in his salary. Pharmacy technician salary for new or trainee level technicians usually ranges around $25,000 per annum for the first couple of years of work.

Once they have learnt the trade and have gathered some experience, they can expect a hike to around $30,000 per annum.

This can increase steadily with experience and a 10-year experienced pharmacy technician's salary can be as high as $40,000 annually. The average annual starting salary for pharmacy technicians as listed by the American Medical Association is $19,000.

If we consider the pharmacy technician salary in terms of hourly wages, then you can expect to draw anything between $10 and $17 per hour. Those in the initial stages of their career usually draw between $9 and $11 per hour, while technicians with several years of experience under their belt can expect and demand up to $17 per hour.

Pharmacy technician salary is also dependent on the type and size of pharmacy they are employed with. Pharmacies attached with big clinics or hospitals often have better pay scales than neighborhood pharmacies. Small, single-person pharmacies cannot afford to match the pay rates of these bigger institutions.

Technicians who are certified can expect higher salary scales, though it might not be much higher than the rates mentioned above. An increase in pharmacy technician salary usually happens once a year and then too, the decision is totally based on the discretion of the pharmacist.

It is true that many pharmacy technician jobs can be limited in what they can offer in the way of career advancement options unless the technician also has good educational qualifications or are willing to enroll in higher programs such as that for becoming a pharmacist.

The maximum promotion a pharmacy technician can expect in his career is to a supervisor position at the pharmacy. A supervisory position is possible if the pharmacist is employed with a multi-technician pharmacy and has accrued as much as seven years experience.

The yearly pharmacy technician salary for a supervisor can be between $40,000 and $50,000 depending on the pharmacy and your ability on the job.