Sunday, July 29, 2012

Syrian government forces pound rebels

ALEPPO, Syria (Reuters) - The government of Bashar al-Assad declared victory on Sunday in a hard-fought battle for Syria's capital Damascus, and pounded rebels who control parts of its largest city Aleppo.

Assad's forces have struggled as never before to maintain their grip on the country over the past two weeks after a major rebel advance into the two largest cities and an explosion that killed four top security officials.

Government forces have succeeded in reimposing their grip on the capital after a punishing battle, but rebels are still in control of sections of Aleppo, clashing with reinforced army troops for several days.

"Today I tell you, Syria is stronger... In less than a week they were defeated (in Damascus) and the battle failed," Foreign Minister Walid Moualem said on a visit to Iran, Assad's main ally in a region where other neighbors have forsaken him.

"So they moved on to Aleppo and I assure you, their plots will fail."

Rebel fighters were clearly in control of parts of Aleppo, where Reuters journalists saw neighborhoods dotted with Free Syrian Army checkpoints flying black and white Islamist banners.

Helicopter gunships hovered over the city shortly after dawn and the thud of artillery boomed across neighborhoods.

Rebel fighters, patrolling opposition districts in flat-bed trucks flying green-white-and-black "independence" flags, said they were holding off Assad's forces in the south-western Aleppo district of Salaheddine, where clashes have gone on for days.

Opposition activists also reported fighting in other rebel-held districts of Aleppo, in what could herald the start of a decisive phase in the battle for Syria's commercial hub, after the army sent tank columns and troop reinforcements last week.

Cars entering one Aleppo district came under fire from snipers and a Reuters photographer saw three bodies lying in the street. Unable to move them to hospital for fear of shelling, residents had placed frozen water bottles on two of the corpses to slow their decomposition in the baking heat.

Other rebel-held areas visited by Reuters were empty of residents. Fighters were basing themselves in houses - some clearly abandoned in a hurry, with food still in the fridges.

A burnt out tank lay in the street, while nearby another one had been captured intact and covered in tarpaulin.

In a largely empty street, flanked by closed shops and run-down buildings, women clad in long black abaya cloaks walked with children next to walls daubed with rebel graffiti - "Freedom", "Free Syrian Army" and "Down with Bashar".

Rubbish lay uncollected. In one street families were packing vans full of mattresses in apparent preparation to flee.

Near the center of town, most shops were shuttered, some with the word "Strike" painted over them. The only shop doing business was a bakery selling subsidized bread, where the queue stretched around the block. Burnt cars could be seen in many streets, some with the word "shabbiha" marked on them - a reference to pro-Assad militiamen.

U.N. Undersecretary-General for humanitarian affairs Valerie Amos said 200,000 people had fled the fighting in and around Aleppo in the last two days, and the violence across Syria made it hard for humanitarian agencies reach them.

"Many people have sought temporary shelter in schools and other public buildings in safer areas. They urgently need food, mattresses and blankets, hygiene supplies and drinking water."

Late on Sunday Syrian state television said soldiers were repelling "terrorists" in Salaheddine and had captured several of their leaders.

"Complete control of Salaheddine has been (won back) from those mercenary gunmen," an unidentified military officer told the television news, saying the gunmen included fighters from Saudi Arabia, Afghanistan, Turkey and Yemen. "In a few days safety and security will return to the city of Aleppo".

Reuters journalists in the city were not able to reach the district to verify whether rebels had been pushed out. The pro-opposition Syrian Observatory for Human rights said fighting continued in Salaheddine late on Sunday.

KILLING MACHINE

The leader of Syria's main political opposition group, the Syrian National Council, called for foreign allies to provide heavy weapons to fight Assad's "killing machine".

"The rebels are fighting with primitive weapons...We want weapons that we can stop tanks and planes with," SNC chief Abdelbasset Seida said in Abu Dhabi. He urged foreign allies to circumvent the divided U.N. Security Council and intervene.

"Our friends and allies will bear responsibility for what is happening in Aleppo if they do not move soon," he said, adding that talks would start on forming a transitional government.

Arab League head Nabil Elaraby said the battle in Aleppo amounted to "war crimes", and perpetrators would eventually be punished, Egypt's MENA state news agency reported.

The Arab League has suspended Syria and lined up with the West and Turkey against Assad. Assad's government blames Arab states, especially Saudi Arabia and Qatar, for the revolt.

Reuters reported on Friday that Saudi Arabia and Qatar had set up a base in southeastern Turkey to aid the rebels.

A Saudi Foreign Ministry spokesman declined on Sunday to comment directly but said Riyadh gave financial and humanitarian aid to the Syrian people. He also hinted at more direct support, saying countries should enable Syrians "to protect themselves at the very least, if the international community is not able to do so".

Assad's ruling structure draws strongly on his Alawite minority sect, an offshoot of Shi'ite Islam, while his opposition is drawn largely from the Sunni Muslim majority, backed by Sunni leaders who rule nearly all other Arab states.

That has raised fears that the 16-month-old conflict could spread across the wider Middle East, where a sectarian divide between Sunnis and Shi'ites has been at the root of violence in Iraq, Lebanon, Bahrain and elsewhere.

Shi'ite Iran demonstrated its firm support for Assad by hosting his foreign minister. At a joint news conference with Moualem, Iran's own Foreign Minister Ali Akbar Salehi rebuked the West and Arab states for holding the "illusion" that Assad could be easily replaced in a managed transition.

CRUCIAL TEST

In Damascus, where Assad's forces have pushed back a rebel offensive since a deadly July 18 bomb attack on his inner circle, many residents have fled fighting in the outskirts for relative safety in the heart of the capital.

In the centre, shops open only between 9 am and 3 pm, food prices have soared and no one dares walk outside after dusk, even in the holy month of Ramadan when streets are normally packed late into the night with people breaking the fast.

"To begin with I was with the regime, for sure," said Ahmed, from one of the southern suburbs where the army, backed by helicopters and tanks, launched its counter-offensive.

"But now, no, the regime must go. Take what they want with them, but they must go."

The battle for Aleppo, a city of 2.5 million people, is a decisive test of the government's ability to retake its two main cities. It has committed huge military resources to the battle there after losing control of outlying rural areas and some border crossings with Turkey and Iraq.

The British-based Observatory said 26 people were killed in Aleppo on Saturday and 190 across Syria. It reported fighting in Deraa, Homs and Hama. There was no way to verify its figures.

The Aleppo fighting follows the July 18 bomb attack, which killed four top security officials including Assad's defense minister, intelligence chief and powerful brother-in-law.

Interior Minister Mohammad al-Shaar, who was wounded in the attack, told state media the assassination had only hardened the authorities' determination to crush the revolt.

"Before this cowardly explosion, we were all working flat out. But now we will exert 10 times the effort to pursue those who threaten the security of our country," Shaar said.

(Additional reporting by Yara Bayoumy in Beirut, Yeganeh Torbati in Dubai, and a reporter in Damascus who cannot be identified for security reasons; Writing by Dominic Evans; Editing by Peter Graff)

Source: http://news.yahoo.com/helicopters-artillery-fire-over-syrias-aleppo-082850722.html

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Happy Birthday To Me: 35 Thoughts On Relationships, Self-esteem ...


NAT BAGGAGE RECLAIM 'KEEP LAUGHING'

I?m 35 today and as you can see from the photo, I?m still hanging with my bro in Amsterdam who is reminding me of one of my personal commandments to laugh a lot. Thanks for all of the birthday wishes here and on Facebook and here are just 35 of my many thoughts on life which I hope will help to give some perspective if you?re struggling with an issue.

1. You could blame yourself or try to get someone to change when you realise that your relationship isn?t how you?d like it to be or that they?re not who you thought you were, or you could leave. Someone else?s inadequacies have absolutely nothing to do with you and certainly don?t equate to you having inadequacies that are ?provoking? their inadequacies.

2. Life is one big learning experience and the same lessons will keep coming back at you like Michael Myers in Halloween until you learn the lessons. If you keep experiencing the same or similar, or how you feel about you is the same or even worse over time, whatever you think you?ve learned or you ?know? is not the right takeaway message.

3. You can tell a lot about how someone feels about themselves by their choices. Do your choices say ?I love and trust me a lot? or ?I?m living in fear, I don?t like or love me a lot? or even ?I love you more than I love myself??

4. If a relationship isn?t mutual, it?s not a relationship; it?s a gradual crushing of your spirit and your soul.

5. They?re just not that special and you?re just not that desperate. There is no relationship (romantic or otherwise) in the world that is ?worth? being treated badly, feeling less than, or having to ?win? them over. Take them off their pedestal and tell ?em to take their special fried self elsewhere.

6. Sounds so simple, but doing things that make you unhappy on an ongoing basis will not make you happy. Do more of the things that make you feel good. Do less of the things that give you a short-term high and a medium to longer term side effects.

7. Parents are not infallible and they do eff up. They are not God or a higher power, and if they have failed to be the parent(s) you would have wanted them to be, that has got absolutely nothing to do with your worth as a person and everything to do with them. It?s not ideal but we cannot get our childhoods back and we certainly cannot make friends or people we have romantic relationships with make up the shortfall. Take care of you, nurture you, raise you and teach you whatever you need to learn.

8. Texts are not appropriate means of conducting a relationship as they?re crumb communication. I?m not saying that sending a text is terrible thing ? I?m saying sending a text to get booked in for a shag, to argue, to have a so-called meaningful discussion that you either can?t have because they?re physically unavailable or because you?re trying to dodge conflict is really jacked up. Some people put as much effort into contacting you as they do with ordering a pizza ? make sure you?re not that pizza!

9. Giving to others with a view to what you might ?get back? is not wholehearted giving and they?re actually acts of ?generosity? packaged up with hidden expectations. Give because it?s who you are and what you?d do anyway, not because you think that it will eventually create a tipping point and make them be the person you want or generate back the same level of giving.

10. Affairs are like an exorcism for the Other Woman/Man ? it will drag out every ugly thought and feeling and bring all of your deep seated issues including abandonment and second best issues to the surface. If you?re involved in an affair, recognise that you?ve hit a low with your self-esteem and see this as an opportunity to resolve your issues instead of carting them around. And get out.

11. Others know the line with you when you know the line. Nobody else is going to set your boundaries for you especially when you?re actually crossing your own line anyway.

12. We trust those who share similar core values to us, hence if something feels ?off? or you can?t put your finger on what it is you don?t trust (and you know it?s not solely down to your insecurity), it?s because there is a conflict on one or more of your fundamental values.

13. Not everything is about you. You?ll find that the amount of drama in your life reduces significantly when you reduce the amount of drama in your own mind and actions. Not everything is important ? learn to pick and choose your battles, not because you?re letting things slide but because not everything is about you or having the last word.

14. Often the things that we put off, take a shockingly shorter amount of time to do or are not the earth shattering, sky is falling things we feared them to be. Procrastination takes a lot more energy and saps your mojo and even your self-esteem.

15. Until you get to know someone, what you love is an image in your mind. It?s great if they end up living up to or even exceeding this image, but if they don?t, you have no choice but to join them back on earth. And you can?t be mad at them for not living up to your imagination ? it?s your imagination.

16. All breakups, not just those that are the result of an unhealthy relationship, require some space. It is healthy and normal. You?re not going to process a breakup if you try to carry on as normal, are hanging off their coat tails or having sex with them.

17. If you wouldn?t give over your worldly possessions or put someone on your lease or add them to your mortgage a hot minute or month after meeting them, I certainly wouldn?t hand over your self-esteem and claim that you ?know? and trust them either.

18. Unless you?re extremely stubborn, it?s highly unlikely that as you?re getting ready to draw your last breath that you?re going to think ?Jaysus, I wish I?d tried harder to win over Mr/Miss Unavailable? but it may suddenly occur to you that there were better things to do with your life.

19. It doesn?t really matter what you say, if you don?t back it up with the actions that matter. Don?t tell me who you are, show me who you are and if the actions and the words don?t match, you?ve got problems.

20. Being a People Pleasing Chameleon is a waste of time. Yeah some people will appreciate the fringe benefits of you rolling yourself out into a doormat but ultimately when you actively try to get people to like you in subtle and not so subtle ways, it actually comes across as disingenuous, plus you won?t like you either.

21. If you don?t understand why something didn?t work and are not in the process of adapting the behaviour and thinking that contributed, what is to stop you from winding up in the same situation again?

22. There?s no point in saying ?I?m not the kind of guy/girl who does X? while doing just that. The ?innocent bystander? attitude of claiming honesty while being with someone who is dishonest doesn?t wash either.

23. There?s no such thing as having the last word; the last word is ACTION. The ?last word? is only a one-way verbal or written statement and it?s only final for you. The other person might be thinking ?Blah blah blah? or ?Are they on crack??

24. Great sex with someone who treats you in a less than favourable manner is like doing crack ? yeah it?ll feel good when you?re on the high having sex but the effects of chasing that high and selling yourself short will gradually destroy you. Don?t objectify yourself.

25. Friendship like all relationships should be mutual but they are still organic not forced. This means that if you?re ?supposed? to be friends with your ex it won?t be because you did the equivalent of showing up on their doorstep like a nuisance salesperson.

26. It?s very easy to focus on others and judge their lives and their actions and to even tell them about themselves and make it your duty to show them the ?right? way, but it?s all a distraction from yourself. It?s not that there aren?t things that others couldn?t do with changing, but what you really need to be asking is why you?re so caught up in this when you could be getting on with your own life?

27. Any situation that you?re compaining about yet it?s still continuing, it?s because it?s ?working? for you ? a ?payoff?. Identifying what that is as well as the false economy in your actions and thinking will put you in the position to do something.

28. Intelligence is wonderful but don?t let it blind you and don?t think that you don?t have to try in other areas. It doesn?t mean that you?re emotionally intelligent or relationship smart nor does it mean that if you meet someone with a level of intelligence you respect or even admire, that they?ll possess other qualities you desire and share your values. Some people are also very intelligent at assholic behaviour. Oh and if you were with someone ?less intelligent?, just like if you were with someone ?less attractive? it wouldn?t do anything to your own intelligence or attractiveness.

29. Be very wary of trusting those who chat about others behind their backs or do mean things because you might feel that you?re exempt from this treatment, but they?re likely talking about you too and one day you?ll be in the firing line.

30. It doesn?t matter what story you?re told about why someone is having an affair ? their partner is a person with their own feelings and yes, flaws, just like you. I?m not saying that they?re perfect but if you regard them as a human being with a name, feelings, expectations, and possibly having once possessed the same faith you have in your lover, you might not be so quick to judge or to play the third wheel.

31. Life is for living and if you?re not living and loving because you?re too busy being afraid and investing yourself in people and situations that detract from you, you?re definitely not using your opportunity to fulfil your purpose.

32. Casual relationships (an oxymoron in themselves as nobody likes being treated and regarded casually) are an attempt to do a backdoor route to a relationship in the hope of wooing them into ?upgrading? you. You are not a credit card with an introductory interest free period.

33. Many people strive to be the perfect version of ?good enough? which is basically seeking perfection. Life is about learning and growing as we go along, like on-the-job training. There?s no destination, there?s no critical mass of ?stuff? that we acquire or praise that?s heaped upon us. You?ve got the ?job? already ? embrace it!

34. Accept you as you are, realise that this is where you have to live (in your skin) until your time is up and take yourself out there and shine.

35. Blame, shame, and guilt are wasted emotions ? there isn?t much you can do with them. You don?t have to let past experiences define you and your future. I could have made a permanent judgement about myself but where the hell would that have got me? You can change your life. Your story isn?t ?written? ? you can do a rewrite.

Your thoughts?
The Dreamer and the Fantasy Relationship is now available from my bookshop along with with Mr Unavailable and the Fallback Girl. You can also check out my ecourses.


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Source: http://www.baggagereclaim.co.uk/happy-birthday-to-me-35-thoughts-on-relationships-self-esteem-and-life/

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Saturday, July 28, 2012

Analysis: Draghi raises market hopes ECB may not want to meet

LONDON (Reuters) - Mario Draghi has set a high bar by declaring that his European Central Bank will do whatever it takes within its mandate to preserve the euro.

At the very least, financial markets expect the ECB to overcome the Bundesbank's reservations and resume its Securities Markets Programme (SMP), which it last deployed to buy government bonds in the open market nearly five months ago.

A flavor of what would happen if the central bank did anything less came on Friday, when the euro, European shares and Spanish and Italian bond prices all fell after the Bundesbank reiterated its past criticism of this bond purchase programme.

The ECB will have to be far more aggressive than in the past to win more than a fleeting breathing space for Spain and Italy, whose borrowing costs have surged and whose bailout needs would be too big to be covered by current funds.

To buy politicians enough time to resolve a crisis that poses a growing threat to the euro zone, the central bank needs to purchase as many Spanish and Italian bonds as it takes to convince investors to do the same.

Central banks in the United States, Japan and Britain have already deployed "quantitative easing" (QE) programs, which involve buying large quantities of government bonds or other assets to prod economic activity. That would be controversial for the ECB, which is barred by European law from using its balance sheet to finance government spending.

The ECB's bond buying has so far been different from QE because the bank removes as much money from the financial system as it puts in, a process known as sterilization. Some experts say that to be effective the ECB would have to adopt tactics more closely resembling the full-blown QE seen elsewhere.

"What would really work is for the ECB to make an unlimited and credible promise to spend as much money as needed, to declare caps on bond yield spreads or actual yields, and to give Europe's rescue funds more leverage," said Carsten Brzeski, senior economist at ING in Brussels.

"Unlimited use of the SMP is quantitative easing in my view, but this is all hypothetical. Just the idea would give them stomach pains and it is unlikely to happen. Even if they were willing to do it, there are legal and practical considerations which mean they won't."

STOP THE ROT

There may be divisions within the ECB over how to tackle the crisis but it is viewed by markets as the only institution that can move quickly and effectively enough to halt a rot which is being transmitted across the euro zone via the bond market.

The infection has reached Spain, which is seen as struggling to finance itself for much longer if its 10-year bond yields stay near euro-era highs of 7.78 percent seen this week.

That was a premium of nearly 6.5 percentage points over German bond yields and surpassed 10-year yields on bonds issued by Ireland, which has already taken a bailout.

Moreover, Italy, the euro zone's third biggest economy, is also being sucked into the crisis.

Firing up the ECB's existing bond buying programme would be a start. Even that could annoy Germany's Bundesbank, which is particularly vigilant in opposing suggestions that central bank policy be used to finance countries' spending.

The ECB has bought 211.5 billion euros worth of bonds in total since it started its SMP programme in May 2010. Its biggest weekly spend was 22 billion euros back in August 2011 but it has barely deployed the programme this year.

But while those purchases managed to slow the rise in yields of highly-indebted euro zone countries, they weren't enough to turn the tide then and won't be enough now, analysts said.

"Draghi is putting his personal credibility on the line so my best belief is that if they come in, they won't do it half-heartedly," said Erik Nielsen, global chief economist at UniCredit.

"The reason the SMP did not work in the past was that it was done too timidly and was leaning against the wind amid all the noise from the Bundesbank. It is not clear what it will take to drive (bond yield) spreads down to levels they would consider acceptable but it is certainly not what they did before."

The central bank would therefore have to use new tactics to have any lasting impact and live up to Draghi's promise.

"Full-on QE is the one thing that would make a massive difference and which would be a game changer - nothing else would make a difference at the present time," said Mark Schofield, global head of interest rate strategy at Citi.

"Data has really deteriorated, both in terms of growth in the core and the periphery, and inflation expectations have come off. I think the comments (by Draghi) suggest that the thought of QE will have crossed their minds, even though we might not see it anytime soon."

Financial market analysts say the ECB won't want to act unless it believes governments are doing their homework.

The central bank has always insisted on the need for countries to meet budget promises they make to their euro zone partners and the importance of root and branch reforms that will play a long-term role in helping growth and reducing deficits.

And whatever it does, the ECB will only buy time for governments to address the underlying fiscal problems.

"The ECB's intervention policy has tended to be conditional, so as long as European governments are taking steps they will intervene," Steven Major, global head of fixed income research at HSBC, said.

"Markets are very binary and have struggled to recognize that there is no silver bullet."

(Reporting by Swaha Pattanaik; Editing by Peter Graff)

Source: http://news.yahoo.com/analysis-draghi-raises-market-hopes-ecb-may-not-131137701--business.html

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Home Based Businesses Are Offering Great Opportunities For Making

Most of the people want to earn money through internet or other modes. In such a way they did not go anywhere for the job. Now a days you can observe that most of the students doing home based jobs and businesses. Due to the high technology earning through internet is possible, now you can work for any firm virtually. However most of the students studied to do jobs at their homes and most of them are earning much from their home based businesses. You can create any social website and can earn through it.

There are many online stores that are running and earning lots of money so you can open an online store. Besides the students, women are also interested in doing home based businesses as they are alone at home and they just have to do house hold work. However the women can manage their time beside the household work, as there are many article writing and magazines writing jobs. Online jobs and businesses are much more popular all over the world as you can work for the company which is not present in your country.

There are many benefits of doing home based business as it allows you to take rest at your home and you can work whenever you want. However it also saves your time and the expenses of conveyance. For women it is much good because if they want to job in any firm then they have to keep their children at any day care center, but due to online businesses that problem is solved. There is also an amazing benefit of tax relaxation as in the home based business job you did not have to bear heavy taxes. The taxation system depend upon the state to state and if you are working for any firm which is outside the country then you did not have to pay tax.

Now you must be thinking that from where you can get an online jobs or the information to start an online business. I must tell you that there are many websites which are offering information and jobs for such purpose. However you can also figured out the virtual jobs through search engine. The online jobs are also beneficial for those people who are retired from their jobs and have no work to do. The easy job for the virtual employ is the data entry job.

About the Author

Muhammad Waqas has been blogging for more than 2 years. Come visit my latest website over at Entrepreneurial Ideas which helps people find the best Good Business Ideas and information they are looking for.

Source: http://www.ablekain.com/archives/380

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Five reasons why buying a home is still a good idea - Maurice Frazier

(ARA) - A still murky economy and uncertain real estate market may have you wondering if buying a home is a good idea. Whether you're thinking about buying, or already have and just need some affirmation, you may find it comforting to know there are still plenty of good reasons for financially stable people to buy a house. Here are a few:

* Homeownership can help make good credit even better. If your credit is in poor shape, you'll want to monitor it before seeking a mortgage. But if you have good credit, live within your means, and consistently make good financial decisions, a mortgage can be the kind of "good debt" that helps your overall financial health. Making regular payments on a mortgage shows potential lenders that you're a less risky candidate for a home loan. Before you begin home shopping, it's a good idea to check your credit. Enrolling in a product like freecreditscore.com can help you better understand and leverage your credit.

* A mortgage can function like an automatic savings plan. By now, you've read the news reports about how little we Americans save these days. Well, every year you pay on your fixed-rate mortgage, is a year of building equity, and equity is like money in the bank. When it's time to sell - whether you've stayed in your home seven years or the full 30 year term - you'll have created equity and should be able to sell your house for more than you owe.

* Homeownership comes with plenty of financial perks, including an income tax credit for property taxes you pay on your home. For detailed information on tax breaks check out IRS.gov. Buying a home also affords you the opportunity to halt your housing costs. Rent will always go up from year to year, but if you have a fixed-rate mortgage (avoid adjustable rates) your biggest annual expense - housing costs - will be locked-in.

* Mortgage interest is a good deal when stacked up against other types of interest that don't do much for you - such as high credit card interest rates or low rates on savings accounts and CDs. Mortgage rates are low right now, meaning you can pay less over the life of a loan than at practically any other time in recent history. Plus, it's the only kind of interest that you can deduct from your taxes.

* Prices are still relatively low and inventory is high. It's been a buyer's market for a long time, but that's going to change. The question is: when will the market start to improve in your area, taking home prices with it? You'll have to do some legwork and astute research to determine when is the best time for you to buy.

If you monitor your credit and are on a sound financial footing, buying a home can still be a good idea. And now is as good a time as any to make your purchase.

Source: http://www.mauricefrazier.com/real-estate-personal-finance/five-reasons-why-buying-a-home-is-still-a-good-idea/

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Friday, July 27, 2012

Denver Real Estate |Monument CO Real Estate - 190 Green Rock ...

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Facebook's stock tumbles after 1st public quarter

This June 20, 2012 photo shows a Facebook login page on a computer screen in Oakland, N.J. Facebook is expected to report their quarterly financial results after the market closes on Thursday, July 26, 2012. (AP Photo/Stace Maude)

This June 20, 2012 photo shows a Facebook login page on a computer screen in Oakland, N.J. Facebook is expected to report their quarterly financial results after the market closes on Thursday, July 26, 2012. (AP Photo/Stace Maude)

(AP) ? Facebook's first earnings report as a public company had solid numbers, but in the end it landed with a thud ? much like its rocky initial public offering two months ago.

Facebook reported stronger-than-expected revenue and a gain in user numbers Thursday. But investors weren't impressed and after a brief spike, its stock fell more than 10 percent, or $2.74, to $24.10 in after-hours trading. The decline means Facebook's stock will most likely open at its lowest level since going public.

It's another big disappointment for the Harvard-born company that was supposed to usher in the next Internet boom.

"They didn't break any banks," said Debra Aho Williamson, an analyst at research firm eMarketer. "They did not come out any better than anybody had expected."

What may have rattled investors is that Facebook's revenue growth has slowed. Between 2009 to 2010, the company's revenue nearly tripled. In the first quarter of this year, revenue climbed 44 percent. In the second quarter, Facebook Inc.'s revenue increased 32 percent to $1.18 billion from $895 million a year earlier. Analysts, on average had expected slightly lower revenue of $1.16 billion, according to FactSet.

For a freshly public company such as Facebook, the decelerating revenue growth is a concern. A bet on fast-growing revenue is the reason investors are willing to value new companies highly even if they are not making a profit. Another reason jittery investors may be even more nervous: Facebook didn't offer investors and financial analysts its outlook for the rest of the year.

Meanwhile, the number of people who access Facebook regularly inched closer to 1 billion. The company said it had 955 million active monthly users as of June 30, up 29 percent from a year earlier. At the end of the first quarter, it had 901 million users.

Overall the Menlo Park, Calif.-based company posted a loss of $157 million, or 8 cents per share in the April-June period, mainly due to compensation expenses it incurred when it paid $1.3 billion in restricted stock and related taxes for employees as part of the IPO. The loss compared with earnings of $240 million, or 11 cents per share, in the second quarter a year ago. The company's adjusted earnings of $295 million, or 12 cents per share, matched Wall Street's expectations.

The results come two months after Facebook's stock flopped on its first trading day, on May 18. The day began with glitches with the Nasdaq stock market that delayed trading by half an hour. It didn't get much better from there. Despite months of hoopla that had investors thinking it would soar, the stock closed just 23 cents above its $38 IPO price. It has not reached that level since.

Though Facebook had a lot riding on its first public report, Wall Street's outlook was muted, which could be another reason for the stock's decline.

"People are waiting for a really huge growth moment in revenue, advertising, dollars per user," said Alex Ashby, research analyst at Global X Funds, a provider of a social media exchange-traded fund. "People had expected that Facebook is going to revolutionize advertising...we think it's still a definite possibility, but maybe further down the road."

Investors were holding out hope that Facebook would far exceed expectations ?even though the company effectively warned investors before its IPO that Wall Street's expectations were too high. In a filing issued a week before its IPO, for instance, Facebook said its mobile users are growing at a faster pace than the number of ads on its mobile platform.

Analysts took that as a sign that their estimates were out of whack and many of them reduced their estimates for Facebook's projected revenue and earnings.

Even though the number of people who use mobile devices and tablet computers to access Facebook had been growing fast, Facebook didn't start showing ads on its mobile app until this spring. Facebook had 543 million active monthly mobile users at the end of the quarter, a 67 percent increase from a year earlier.

In a conference call with analysts, CEO Mark Zuckerberg said Facebook's mobile users are more active than those who use the personal computer version.

"On average mobile users are around 20 percent more likely to use Facebook on any given day," he said. "So mobile not only gives us the potential to connect more people with our services and also gives us the ability to provide more value and more deeply engaging experience."

Facebook said its revenue from advertising totaled $992 million, a 28 percent increase from the same quarter last year. That number accounted for 84 percent of total revenue. The company did not say what portion was from mobile advertising. The rest came from payments and other fees, money Facebook makes from Zynga games and other apps.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-07-26-US-Earns-Facebook/id-4bce86a19d114f978cd2fcec70bbf394

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