The Oldbury Community Gateway
Calstone, Cherhill, Compton Bassett, Heddington & Yatesbury

Easy Fundraising!

We now have several ways easy ways for you to help us raise funds for The Oldbury Benefice – either by simply searching or by shopping online!

See the easy fundraising section for more details.

Oldbury Benefice will be offering the Alpha Course once again and we'd love you to join us!

On Thursday 15th April 2010 there will be an Alpha Celebration Supper in the Town Hall, Calne to introduce people to the Alpha Course. The Alpha Course will begin on Wednesday the 28th April 2010 in Cherhill Village School and then continue on subsequent Wednesday evenings. Please click the Alpha Course link for further details.

This year, as part of our Harvest Appeal, each of the five PCC’s in the Benefice has agreed to sponsor a child through Compassion UK. The children will be from the same Village in a Developing country. For the princely sum of £18 a month, we contribute to the healthcare, education, vocational training, social, emotional and spiritual care of a child and give them, their family and their local community the chance of a better life. More details on the Benefice section of the website.

Compton Bassett PCC have stepped out in faith and started a new initiative called “Tea 4 All”. It’s going to be once a month on a Sunday afternoon. The idea is that people come together informally, have a cuppa and a slice of cake. The Vicar will be around and share a thought or two to add a Christian flavour to the party.

Sunday 23rd September, 4 -5 p.m. Come as you are. The event is free.

The Benefice is inaugurating a “Little Fishes Group” for Pre-School age children. It starts on Wed 19th September (9.45 a.m.-11.15 a.m).

The group are in need of a little help: Could you spare an hour or two, once a term to help make drinks for parents and children? Do you have excellent quality baby or toddler toys you could donate?

Click on the picture or link for further details.

We have received a letter of apology from the local staff of The national Trust following the unfortunate incident with our Easter Cross.

For full details please see: Oldbury Benefice Church News.

The Deanery Confirmation Service took place on Wednesday 6th June 2007.

Pictures of our 3 newly confirmed parishioners can be seen in our gallery or by following the links on the main page titled, Deanery Confirmation Service 2007.

Due to a misunderstanding the Easter Cross which is traditionally carried up the hill and placed on top of Cherhill Downs on Good Friday has been removed and destroyed by The National Trust.

They have tendered their deepest apologies for the mix up.

Heddington Amateur Dramatic Society are looking for help with back stage at the pantomime and for future productions, especially help with sewing costumes. If anyone would like to get involved we shall be pleased to hear from you. Dianne Pellow 850863 or Margaret Humphries 850690

We have a full programme of services across the 5 parishes for Holy Week & Easter. Please see the events section for details.

The next Deanery confirmation is to be held on 6th June 2007 at Lyneham, if any adults or children (year 6 and above) would like to explore the possibility of being confirmed please have a word with Philip.

We would really like to thank Gordon Chivers for the wonderful photographs he has added to our community album. If you haven't yet paid it a visit now is the time to do so! Just click on the link to the Community Photo Album.

Lay Pastoral Assistants are willing volunteers, licensed by the Bishop, who feel called to help in some of the Pastoral duties of the Rector. Typically, they might do a little visiting or take Holy Communion to those who are house bound.

LPA training classes are due to begin probably from the middle of January in Calne. If you are interested in becoming an LPA have a chat with Philip.

We would like to send our love and congratulations to those who recently recieved their first communion service. There are some lovely pictures of the service in our new gallery - just click on the link in the main menu.

On behalf of the Christian communities in our part of Wiltshire, I pray that your Christmas will be happy and holy. We warmly invite you to come to any of our Services over Christmas. There is lots of choice and provision this year, take a look at the Events Diary for details.

Remember to regularly check the events diary for details of some wonderful community activities being held throughout the benefice.

In the next few weeks we have a wonderful Christingle service with 1st Cherhill Scouts, a Film Screening, a craft morning and of course a Pantomime!! Plus all our usual Christmas services.

The area now has it's very own local Freecycle(R) group!

The Freecycle Network(R) is made up of many individual groups across the globe. It's a grassroots and entirely nonprofit movement of people who are giving (& getting) stuff for free in their own towns and reducing the amount of stuff going into landfil sites.

How does it work?

When you want to find a new home for something -- whether it's a chair, a fax machine, piano, or an old door -- you simply send an e-mail offering it to members of the local Freecycle group.

Or, maybe you're looking to acquire something yourself. Simply respond to a member's offer, and you just might get it. After that, it's up to the giver to decide who receives the gift and to set up a pickup time for passing on the treasure.

Our local group is FreecycleChippenham and can be found By going to www.freecycle.org and looking under Wiltshire Groups.

This portal gives you 3 to 4 click access to most local information around SN154EF - plus the very best of the the web! Enter a postcode in the Your Location tab (top right) and all the local links currently set for The Oldbury Gateway will relocate for you - anywhere in the UK! (i.e. you could use this same site while you are travelling on business or on holiday) To save time and money make this 2day site your homepage (Click the 'Make Homepage' button in Tools.)

TIP! Can't find something? Use the Search Box above and click Local. It searches this portal instantly for both your local information and the Best of the Web..




Businesses can advertise on this site, or on other local or national 2day sites. Please click here to enter your details in the box below the picture. We also do unique accommodation and high ranking business websites - please see www.microportals.co.uk or telephone 01822 600001. 2day Microportals make church and community sites. Click www.mycommunity.2day.ws for examples and how they work.

The The Oldbury Community Gateway Website gives you 3 to 4 click access to most local and global information important to your personal and working life. Enter any UK postcode in the Your Location tab (top right) and all the local links set for SN154EF will relocate to the new postcode for you! To save time and money make the 2day site your homepage (Click the 'Make Homepage' button in Tools.)

For Pakistan Emergency Donations - please click

Wit & Wisdom 
The average amount borrowed by parents from their adult children last year was £8,250, whereas adult children borrowed an average of £13,000 from their parents. Observer

This Tweet Button could be useful to get your website out into Cyperspace! We will be using it on all our sites - try it!
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2day also do unique accommodation and high ranking business websites - please see www.microportals.co.uk or telephone 01822 600001. 2day Microportals make church and community sites. Click www.mycommunity.2day.ws for examples and how they work.

Parish councils are making deliberations that may offer opportunities for veterinary practices. Within the next few weeks important decisions will be taken about the establishment of Unitary Authorities and Community Boards. If you have started to yawn already you may miss the whole thrust and benefit of microportals.

One of the very successful microportals is being managed by a veterinary surgeon, John Lund, not for veterinary benefit but in support of his community. Within the rural areas the central activities revolve around the church, parish council and village hall. Good, old, sleepy, activities of great relevance to a few but of less interest to many. The parish magazine, or in many areas the group parishes magazine, publishes the various activities and is supported by advertising. Entries are usually small and cheap offering plumbing and candlestick making, providing basic information with a ’phone number. Not so in Bridford.

Try and imagine something that you want to know about, or do, starting from your home. If your area has a community hub you will already have it as your home page on the computer. You will already have entered your postcode. A single mouse click and up comes the hub. Rather importantly the use of hubs is going way beyond the people who surf the web. In this area very few folk spend time accessing websites for information. They could, but they choose to carry on as before, possibly because the activity lacks personality. Whereas, everything on the community portal is relevant to their household, local plumbers, pubs, doctors, events, buses, trains, parish history, church services, whatever, and the activities and offerings of the local veterinary practices.

So, what would you like to say to the people living within five miles, or ten miles of your practice? Would you wish to list the address and ’phone number or possibly the website? Would you wish to highlight a particular activity or clinical success or participation in sport, money raising, new surgery, changes in staff or disease alerts? Would you wish to talk to the community with a piece of video? Would you wish to change what is on the hub every month or week? I hope you are beginning to see that this microportal development is very much more than having a website.

The beginnings of the existing microportals have often developed in order to involve and inform people about goings on locally and also to raise money for the church or village hall. Church based portals have been credited with increasing footfall, donations and wellbeing. Individual parishes have latched on to the idea and from slow beginnings the number of people within the area going to the portal each day increases rapidly. Thousands of hits are recorded. People go to the portal for one item but then come across other things of interest. In a holiday area, such as Bridford on the edge of Dartmoor, people are encouraged to look at the hub from their home wherever it is and very rapidly the extent of aspects of interest are able to be noted.

So, at the moment the whole idea of community microportals is known to a few but major expansion is anticipated. The current establishment of county councils and district councils is to be replaced by unitary authorities. Each county will be voting on this soon and some areas will change and others may not. However, locally, the idea of shedding five chief executives of the district councils, plus all the buildings and infrastructure, with the frustrating inefficiencies and expense, has an appeal. No doubt the single authority will absorb most of the people and sites but that is not the main thrust of interest. Underlying the large authority will be the community boards, based in this area on market towns. Each parish council will be represented on these boards and there will be a community budget for the development of, yes, communities. So it is not difficult to consider that microportal community hubs will pop up covering all the communities within a community board. The opportunities for the promotion of veterinary practices, or indeed veterinary activity in general is very real.

Moving on, there are microportals for associations and professional groups. Here again these are different from websites as such and websites with links, partly because of the one click concept and ease of access. With specific groups the quality of the portal presentation may become a bigger issue. Within a community portal there will be a variety of presentations from the simple to the complex, the plain to the colourful, whereas for an association site there may be issues of quality of presentation and appearance that incur additional mastering and expense. A list of portals is available at www.2day.ws/sites and it is easy to view a range and get some idea of the breadth of the topic.

The other aspect to consider is that veterinary surgeons and veterinary businesses are targets for the services of others. As you interact with a microportal so you are open to becoming interested in a topic you had not initially thought to access. These will range from the expected to the unexpected.

For example, it was unexpected to find the topic of workplace grievances, conflict resolution and stress management. Thinking about it where better to introduce the availability of mediation than on a microportal. To promote your abilities to resolve issues between people at a local level appears worthwhile. There is a relevance here to partnerships and one of the areas highlighted is the difficulties that arise between partners as the relationship evolves over the years. This aspect of partnerships is well recognised for accountants, solicitors and of course veterinary surgeons. The point made is that it is often the local issues that bring matters to a head, with chatter between wives, clients and third parties. If there are general workplace issues that need to be aired, it may be that local microportals will form part of the tools available to a professional mediator that handles these very local matters in a confidential manner.

The topic of microportals seems to be moving rapidly from village hall activities and church services to professional concerns. Here abouts there is a distinct thrust to buy local. A veterinary practice as part of the local community appears important.

If you have experience of microportals or wish to discuss developments please contact rgard@agmed.freeserve.co.uk.


Richard Gard

4th September 2008.
First Published Veterinary Review
www.veterinaryreview.com

We have to upgrade both the 2day servers due to very heavy daily traffic from all over the UK.

We add 22,000 community sites and 35,000 School plus University Community sites - making us one of the largest community networks in the UK!

We break the 200,000 visits a day threshold!

2day's flood beating backups. We now backup our system onto a server in the USA.

To cope with new traffic levels 2day commissions a second server.

2day daily hits break the 200,000 barrier

2day hits go over 100,000 in one day and our server is upgraded to take the new level of traffic

Three new templates are launched. One community one and two conventional website ones.

Our hits go up to over one per second!

Richard Searight - the new Fox-Talbot!
Unique window on the internet - The Microportal

A tiny village in Wiltshire, which is credited with being the birthplace of photography, is repeating history by introducing a new way of looking at the world wide web - The Microportal, or personal website!

More than 170 years ago William Henry Fox Talbot took the first photograph of a lattice window in his home at Lacock Abbey - now 2Day Microportals, headed up by Lacock-based Richard Searight, is offering communities another window, that to the World Wide Web.

The uniqueness of the system is that once users have introduced their postcode, everything they need is within three clicks of the mouse. Every day over 30,000 people use the 2Day Microportal to look something up.

The first 2Day microportal was www.lacock.2day.ws, which is now one of the most used community sites in the whole of the UK, with over 100,000 hits a year from a population of just 1,300 people.

Users can not only find contact details for everyday needs, such as the cinema, eating out, weather and local schools, but also use the site for instant access to things such as a route planner, directory inquiries and news headlines. There are also live links to train, road and airport information - all available within three clicks. People can even take their local site on holiday because it refocuses on any location in the UK.

Richard Searight says his aim is to provide every community in the UK with a personalised one-stop shop. Communities are empowered by being able to run the embedded local sections themselves and even post advertising to pay for the site!

Particularly interesting is the fact that churches have adopted the system as a means of getting themselves back into the centre of communities. 'So far we have over 200 church sites, including one in the Shetland Isles, which is receiving over 250 hits per day', says Richard.

'The vision is to create sites so complete that everyone has to make them their homepage. Once a whole community does that it starts to communicate and gel together as a social unit. The church understands this,' he said. Up until the advent of Microportals, achieving a totally comprehensive community website was completely impossible for the average local webmaster.

For further information: Richard Searight, 2Day Microportals Ltd., 01249 730439 or 07770 846450. Or visit www.2day.ws.

Oxford English Dictionary considers listing the word Microportal in next edition

Over 100 new Microportals created in one week!

We welcome our 6 millionth visitor! Every 5 seconds someone uses 2day.

2day goes onto a new high speed server which enhances performance across the system and halves new site creation times. Many apologies for the down time on Saturday 22nd October. Enjoy the new speed!

We reach 5 million visitors

We have just received our 3,000,000 visitor!

The bosses of Vodafone and National Grid are poised to step down in a dramatic changing of the guard in FTSE 100 boardrooms.

It was announced that Burger King is to be sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn).

Samsung became the latest manufacturer to enter into the tablet computer market with its Galaxy Tab.

House prices fell for the second month in a row in August. Standard Life is to cut up to 500 jobs over the next 15 months.

Spending by English Premier League clubs in the summer transfer window tumbled 22% from last year.

The National Housing Federation warned that homeowners in England who bought at the peak may face four more years of negative equity.

BBC News: Get the latest breaking news from the BBC and its global network of journalists. FREE

Leadership tip of the week:

How to empower your team: Successful leaders empower their team to make decisions, share information, and take risks. Here are three ways to get out of your team’s way and let them take ownership:

(1) Give responsibility and autonomy. Let those who demonstrate the capacity to handle responsibility take on new levels of accountability and have autonomy over their tasks and resources.

(2) Focus on growth. Create an environment where people have the opportunity to expand their skills and are rewarded for doing so.

(3) Don't second-guess. Unless it is absolutely necessary, don't doubt the decisions of others. This undermines their confidence and encourages them to hold back when they have ideas.

Unemployment in the euro zone remained at a record rate of 10% for a fifth month in a row.

The National Housing Federation warned that homeowners in England who bought at the peak may face four more years of negative equity.

RBS announced 400 job losses at its Direct Line subsidiary.

Ryanair announced that it is ceasing services from Belfast City Airport.

The UK economy grew slightly faster than initially thought in the second quarter, expanding by 1.2 per cent rather than the 1.1 per cent first estimated.

The Treasury is setting an example by planning to cut staff numbers by about one-quarter.

More than 500 users a day are downloading the free version of istethoscope, which experts say has already saved lives.

Leadership tip of the week:

How to make better judgements: We make better decisions when we listen to others rather than relying on our own judgement. In a study that could help anyone from new couples to the leaders of the Coalition, researchers proved that pooling wisdom with a partner reliably produces better results. A team funded by the Wellcome Trust asked pairs of volunteers to pinpoint when a very faint image appeared on a screen; if they disagreed, they talked it through. The results showed joint decisions were indeed better than ones made by the stronger individual. But a second test demonstrated the destructive effect an incompetent partner can have.

* China formally became the world’s second-largest economy during the second quarter, supplanting Japan.

* The first half of 2010 saw a slight recovery in average private company values from their historic low point at the end of 2009.

* Campbell Soup Company is preparing a £1.5bn break-up bid for United Biscuits, the British group behind Jaffa Cakes.

* The Policy Exchange think tank, warned that interest rates may rise to 8pc within two years. 300 of Woolworths' 807 retail units remain vacant following the collapse of the company in 2008.

* Only five FTSE 100 companies have a female chief executive.

Leadership tip of the week:
Quote of the week:

3Cs to recover from a mistake: While most people accept that mistakes are inevitable, no one likes to make them. The good news is that even large errors don't have to be career-enders if they are handled well. Next time you make a blunder, follow these three steps to recover gracefully: (1) Confess. Trying to hide a mistake or downplay its importance can be fatal to your career. Be candid and transparent about the mistake, take responsibility for your part in it, and don't be defensive. (2) Change. Mistakes are important learning opportunities. Explain to your boss and other interested parties what you will do differently going forward. (3) Circulate. Don't let your errors keep you from ever taking risks again. Once the mistake is behind you, get out there and focus on the future.

The BoE expects the economy to grow by about 2.5% in 2011, down from 3.4%.

A poll found that UK consumers are among the gloomiest in the world, with 34% believing the economy is in ‘a very bad’ shape.

Skype now has 560 million users worldwide, and generated £406m in sales in the first half of the year.

BT received more than 100 applications for each of its apprenticeships this year, more than applied for places at Oxford University.

Entrepreneurs have nothing to fear but fear of failure
 
I have heard this before, but in this case I hold up my hands and say that I used creative swiping and stole the title from Sir Richard Branson. You really should read his interesting article on the subject by clicking here.
 
Branson makes a very interesting point about fear of failure, but how can innovation actually fail? It is quite simple, the only way is to DO NOTHING.
 
Innovation is all about getting things done (or trying in the case of Virgin) and learning from the result whether it is success or failure. This way you can a) try again or b) use your acquired knowledge in some other way. The route forward may not necessarily be a straight line but you will move forward and potentially gain competitive advantage.
 
Thomas Edison is reported to have made over 2000 attempts at creating the first light bulb. His view of this was that he found 2000 ways not to make a light bulb. Imagine that there was no patent and a competitor had no knowledge of what Edison had done. Even if Edison was on attempt 1999 he was still 1999 steps ahead of his competitor, none of which he would have made without failing!!
 
In the words of Sir Richard Branson  "If you can identify and learn from your mistakes, you have a much greater chance of bouncing back from them - and succeeding the next time" but first of course you must actually do something or you are guaranteed to fail.   

Derek Cheshire
derek@creative4business.co.uk.

The UK's economy grew at a faster-than-expected pace of 1.1% in the April to June period, official figures show.

Apple announced a massive 78% surge in second quarter profits to $3.25bn – boosted by the sale of 3.27 million iPads and 3.47 million Macs and 8.4 million iPhones.

Microsoft reported profits of $4.52bn for the same period. Lending to businesses and households fell in May according to the CBI.

Citigroup reported that it might quit Britain if the government imposes further taxes on banks.

The volcanic ash cloud, which closed airspace for 18 days, knocked 24% of Ryanair’s first quarter results.

It was announced that long-suffering Equitable Life policyholders may receive less than £500 each in compensation.

App of the week

Text speak may have had its day, following the launch of a free iPhone app that enables users to speak the words they wish to send in a text or email – the Dragon Dictation voice recognition system is said to be fast, easy to use and remarkably accurate.

How to resolve conflict at work:

Differences of opinion between colleagues can be useful and even productive. But when clashes turn ugly, conflict can be harmful to working relationships. Here are three tips for handling the next disagreement you have with a colleague: (1) Identify common ground. Point out what you both agree on at the beginning of the conversation. This may be a shared goal or a set of operating rules. (2) Hear your colleague out. Allow your colleague to share his opinion and explain his point of view. Don't disagree with individual points he makes; listen to the whole story. (3) Propose a solution. Use the information you gathered in the conversation to offer a resolution. This should incorporate his perspective and be different from what you originally thought.

Leadership tip of the week: Quote of the week:
If your lost property has 'vanished into thin air' or have ever 'refused to budge an inch' or have been 'tongue-tied', a 'tower of strength', 'hoodwinked' or 'in a pickle' you are quoting Shakespeare

In today's world of financial crises, currency fluctuations, and terrorist threats, coping with the unexpected isn't just a good leadership skill, it's critical. Here are three ways you can improve your response to, and minimise the impact of, inevitable disruptions:

(1) Have a back-up plan. You may not always be able to rehearse Plan B, but you should have alternative approaches that can help get you out of a bind. In the absence of actual plans, mental flexibility can help you respond more quickly.

(2) Speed up communication. Information needs to move through your company quickly and efficiently. Find ways you can collect and disseminate data in short cycles.

(3) Instill values. Values help people know the right thing to do without being told or waiting for permission. They also bind a company together when surprises happen and therefore can help companies recover more quickly.

Fitness First is being lined up for a £2 billion listing that would trigger a giant windfall for its private equity backers.

Ocado is seeking to raise £400m in a stock market flotation.

Apple announced that it sold its 3M iPads, just 80 days after its introduction in the US.

Before its 50% slide, BP accounted for 7% of the overall FTSE index and accounted for £1 in every £7 of blue-chip payouts.

The Unite trade union is to postpone a strike ballot of British Airways cabin crew after receiving a peace offer from the airline, BAE Systems, Britain's biggest defence company, is set to cut hundreds of jobs in its UK vehicles business in the coming weeks.

TwitPic Uploader is the must have app for all Twitter users. There’s no greater instant gratification than snapping a photo and sharing it with the world.


How to motivate your board of directors:

When serving on a board of directors is voluntary, sometimes members can lose focus or doubt that their participation is essential. At your next board meeting, try these three tips for reinvigorating and encouraging board members to devote more time and energy to growing your company: (1) Pose provocative questions. Spend a significant part of each board meeting wrestling with critical issues and asking your board to think through the toughest challenges facing your company. (2) Share the stage. Minimise time spent listening to prepared presentations. Be sure one or two members don’t dominate the conversation. (3) Spend time one-on-one. Find out about members' individual interests and how they might translate to helping your company in a unique way - for example, by coaching an executive or attending a critical in-house meeting.

* A hard lesson from BP - never catch a falling knife…

* Watch out for the death cross...

* Profiting from obscure Asian soft drinks...


Welcome back to your weekend edition of Money Morning.

This is where we highlight some of the best bits from our free emails, newsletters, blog and MoneyWeek magazine that we’ve published in the past week.

● What a week. The emergency Budget took up all the headlines, and most of the column inches on this side of the Atlantic. We were broadly happy with it. But of course, it's easy for George Osborne to stand up there and talk about huge cuts. Now they need to be pushed through.

As Tim Price put it in his Price Report newsletter: "to the extent that it imposed a degree of fiscal prudence where under Labour we had flatulence, this was 'Mission Accomplished'. We will now have to wait and see whether the savagery of the cuts to the public sector is greeted with continental-style social disunity."

● Of course, the neo-Keynesians, who think the answer to everything is to print more money, didn't like the Budget. As I noted in Wednesday's Money Morning, we'll never have a definitive answer about who's right, because these stances are often based more on personal politics than anything else - which just shows that economics really is a poor excuse for a science.

I've seen the case made that the Depression in the 1930s was caused by too much government interference, rather than too little. And I'm sure we'll see the same arguments rage over the "Great Recession" of the early 2000s in the future.

Our sympathies are with the austerity camp - although we don't think taking either path could save us from a double-dip. My colleague Merryn Somerset Webb explains in an excellent blog on the VAT hike: VAT rise won't create a Japan-style slump - but the banks might. "One of the things that most worries the 'must-have-more-stimulus' crowd about the Budget is the rise in VAT from January. It will, they say, tip the economy over the edge. Next thing we know, we'll be back in recession.

"The critics point to Japan as an example of how the nightmare of rising consumption taxes unfolds. There, in 1997, the tax rose from a mere 3% to 5%. The economy subsequently shrank in four of the next five quarters.

"I say subsequently rather than consequently for the simple reason that there is little evidence the two were particularly connected. As Graham Turner of GFC Economics points out, the Japanese economy had been slowing for some time before the tax actually rose. And the country's financial crisis was already "palpably intensifying", with a number of finance companies having just failed or being publicly on the verge of failure.

"At the same time, a big land auction in Tokyo had just failed (falling land and property prices were at the core of the Japanese financial collapse, just as they have been in ours). Worst of all, one of Japan's big insurers had just defaulted - the first to do so.

"All this 'arguably had a far greater impact on consumer confidence than the hike in consumption tax.' The UK may well end up back in recession. But if it does, I don't think it will be the rise in VAT that puts us there. Just as it was in Japan, it will be the next leg of the banking crisis."

● So that was the Budget. But while Britain's eyes were focused on Mr Osborne, the nation's broad mood of cautious optimism (no doubt helped by England's football win) was at odds with the rest of the world.

China got the week off to a good start with its revaluation of the yuan. However, investors rapidly realised that a tiny relaxation in the dollar peg wasn't going to cure all the world's ills.

Indeed, as Merryn blogged, China has plenty of its own problems. In fact, the renminbi might even be massively overvalued, rather than undervalued, as everyone assumes. "Let's not forget that while it has been pegged to the dollar it has nonetheless already appreciated massively against the euro and the pound this year. And in trade-weighted terms it has risen 13% or so since the peg was first loosened back in 2005."


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● Meanwhile, investors are starting to worry about the impact of all this austerity. Government stimulus is the only thing that's kept much of the global economy afloat. Now that it's being pulled away, everything is starting to look rather bleak.

But at the same time, governments can't just keep spending indefinitely. European governments in particular have run out of ammo. The cost of insuring against a Greek default hit another high this week, apparently for no specific reason other than that it was a 'risk-off' week. And in the US, the pulling of support for the housing market there has absolutely hammered home sales: The US housing horror story is about to get even worse.

● Another worrying sign comes from the technical analysis side of things. I know a lot of you are sceptical about charting. I don't blame you. But it's worth paying attention. Certainly all the best investors and fund managers I know consult charts as at least part of their analysis.

In any case, what's got the chartists worrying now is the rather grimly-named 'death cross'. You can see for yourself and read all about it in my colleague David Stevenson's blog. But in short, it suggests the FTSE 100 could be heading for another big downturn. You might be inclined to blame that on BP's horrible performance. But a 'death cross' is forming in the copper chart too, which suggests it's about more than just oil.

● Getting away from charts and back to fundamentals - one investment cliché that's also pretty good advice is to "buy what you know." Our Asia expert Cris Sholto Heaton agrees wholeheartedly. Of course, Cris being Cris, what he knows includes a whole range of things that most of us rarely encounter - such as obscure Asian soft drinks.

And in the latest edition of his Asia Investor newsletter, I reckon he's come out with the most exciting share tip he's recommended yet. "In its home market, this company has the same kind of profile you might associate with Coca-Cola or Pepsi." The big news is that it's starting to expand - but the market hasn't noticed yet.

Now I'm quite wary about the stock markets in general at the moment. I certainly don't think the recession is done with the West, and I suspect China is heading for harder times than anyone imagines too.

But if you're offered the chance to buy the next potential Asian multinational, you take it. Because what matters isn't what the market or the economy might do next month or next year. It's where we'll be in ten, maybe 20 years' time. And by then, however you cut it, Asia's populations as a whole are almost certain to be healthier, wealthier and consuming a lot more than they are now.

I'll be sending you an email with more on Asia Investor later today - look out for it, it's already created quite a buzz among Money Morning readers.

● Another investment cliché that's worth listening to is - "Never catch a falling knife." I'm talking, of course, about BP. Earlier this month, I thought it was worth a gamble at around 350p. Merryn disagreed with me, and I have to take my hat off to her, she was absolutely right: Why buying BP now is incredibly risky. The oil major had another shocker of a week this week, and even plunged below 300p at one point.

Well, it's certainly another useful reminder as to the importance of setting a stop-loss when you're gambling. David will have an update on what it all means in Monday's Money Morning.

Until next week,

John Stepek

Editor, MoneyWeek
New Business Editor of the Year, BSME Awards 2009

PS. If you're interested in any of the newsletters mentioned above, you should take a look at the deal Toby Bray, MoneyWeek's publisher, has put together. I sent you an email about it yesterday. But if you missed it, the bottom line is that you can get MoneyWeek's top newsletters plus the magazine - for life. It's a great offer, probably the best we've done. But it has to end on Thursday at midnight. So take some time to look at the offer and see if it's for you - it's a massive deal and there may not be another chance to get on board.

Until next week,

John Stepek

Editor, MoneyWeek
New Business Editor of the Year, BSME Awards 2009


MONEY MORNING™ is the free daily email service brought to you by MoneyWeek. For a 3-week FREE trial of the MoneyWeek magazine & website, click here now:

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The Government announced that the FSA would be dismantled with many of its duties transferred to the BoE.

BP scrapped its dividend and agreed to put $20bn into a fund to pay compensation claims.

Morgan Stanley warned that taxpayers should brace themselves for up to £10bn worth of tax increases in the emergency budget.

Nationwide said that UK consumers confidence was at its lowest for a year. Spanish banks borrowed €86bn from the ECB.

News Corp made an indicative £12.3bn, or 700p a share, bid for the 61% of BSkyB it doesn’t already own.

How to increase sales through cold calling: In this era of social media and web-based marketing tools, it's easy to assume the cold call is dead. But especially in the B2B market, it is still a very popular - and effective - way to make sales. Here are three ways to convert a phone call into a sale:

(1) Find a direct line. Calling the direct number for the person you are trying to reach doubles your chances of getting him on the phone.

(2) Utilise online resources. Use sites such as LinkedIn to get more information about your targets or to make contact.

(3) Know the difference between persistence and annoyance. Annoying someone will not make him buy what you're selling. Be professional when reaching out: personalise each message, alternate between voicemail and email so you don't inundate, and add value or provide more information each time you call.

Recommendations are best - work as a trusted source for quality recommendations.

Under promise and always over deliver - wow you clients and go the extra mile by over delivering every time. Add value to your offering.

Build relationships - you need to keep in touch with your network so that they know what you are doing, what's new, what's coming up but also, find out what's going on in their world.

Always follow up - Meet, like, follow up! Always follow up. You've sat next to 10 people for at least one hour over lunch and heard their 'elevator pitches'. There must be something you can talk about to make your own contact with them remarkable and memorable.

Do what you say you will - don't under deliver. If you say that you'll put someone in contact with the best electrician that you know, please do it. If something has been promised to you, you then look forward to receiving it.

Get testimonials - your customers are your biggest fans especially if you've done a great job. Apply the testimonials regularly to your marketing material and website. Keep it fresh!

Provide masses of additional value - what more could you do for your existing clients? You are getting to know their business, bit by bit, they like what you do, what more could you pull 'out of the bag' to help them?

Treat all of your clients like VIP's - because they are VIP's and they will keep working with you if you love them, care for them, add value and go the extra mile.

Say "thank you" - if someone refers you to another business then please say "thank you". It means a great deal and they will remember you for saying thank you.

Provide a very proactive service - this will enable you to gain more business from existing clients, it adds value to your offering and it's so helpful. You will be remembered for being helpful.

Oh! One more thing - "Is there anything else I can help you with?" usually produces a "yes, actually there is".

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Wall Street hit its lowest level this year following disappointing employment data indicating that just 41,000 private sector jobs where created in May.

BP looks set to set aside sufficient cash to meet all legitimate claims, which analysts say could range from $5bn to $40bn.

American regulators are planning to investigate Apple’s business practices to see if it is harming the developing market for software that runs on mobile phones and the iPad.

Sir Terry Leahy announced his retirement from Tesco after 14 years at the top. Philip Clark, his successor, is only the sixth boss in the company’s 80-year history.

How to change careers within your existing company: Making a lateral move inside an organisation can be challenging. If leaders see you as an "IT person" it can be hard to convince them you are a "marketing person." Here are three ways to combat pigeonholing and convince your bosses that you're ready for a new challenge:

(1) Make it a win-win. Position your proposal in terms of the value it will bring the company. For example, explain that you have under-utilised skills or capacity that could be used in a different division or for an important task.

(2) Cover your current position. Offer to train your successor or to continue to do the job part-time.

(3) Think of others. Focusing on what you stand to gain will get you nowhere. Emphasise the learning and development opportunities the move will create, such as for the junior person who can take on some of your previous responsibilities.

BP – good value or value trap?

...Profit from peckish Asians

... One way to incentivise the England squad


From John Stepek, across the river from the City

Welcome back to your weekend edition of Money Morning.

This is where we highlight some of the best bits from our free emails, newsletters, blog and MoneyWeek magazine that we’ve published in the past week.

● The week began with stock markets plunging. Fears of a double-dip recession reared their heads again as US payrolls data for last month proved very disappointing (The recovery is fizzling out – and there's worse to come). By the end of the week, a jump in Chinese exports had brought some cheer back to the markets, before a fall in US retail sales dented hopes again.

However, BP remained the big story. It's a miserable situation for all involved, not least the families of the 11 people who died in the accident, the environment, and anyone whose livelihood has been destroyed by the spill.

But that's all rather being forgotten amid the blame-throwing going on. The British media is getting increasingly fed up with the flak being tossed our way by the US government and Barack Obama. It wasn't long before unfavourable comparisons with America's attitude towards the 1984 Bhopal disaster, where a leak at a US-owned factory caused the deaths of at least 15,000 people in India, were being bandied about. And as our own Tim Price wrote in his Price Report newsletter, "God help Obama if Exxon Mobil is involved in another high profile public disaster – anywhere."

The political mud-slinging will no doubt continue. But what about the investment case? Well, almost all of our writers have had a crack at giving their views on BP since the spill – my colleague David Stevenson pretty much summed them up last week.

I'll throw in my tuppence here. As the share price tanked this week, I asked our editor-in-chief Merryn Somerset Webb whether she reckoned it was time to buy. I felt BP had probably hit bottom – she was less sure. She blogged on both our views here.

But her main point, which I agree with, is that even if BP is a buy down here, it's certainly not the stock it once was. The funds that hold BP do so for the dividend yield, and the promise of safe exposure to global demand for energy. Now it's very much a short-term punt on whether or not the share will rebound once all the bad news on the spill has come out – I reckon you can probably forget about a dividend being paid, at least for a couple of quarters.

● Shareholders in BP obviously aren't too happy about this mess. But Stephen Bland tells readers of his newsletter, The Dividend Letter, that there's really only one big reason to be angry at BP, and it's nothing to do with the oil spill.

"What really irks me about BP is the stupendous sum they have wasted over the years in share buybacks, which they claim to be a form of return to shareholders. I don't know about you, but I ain't seen none of that money. But we would have if they had increased the dividends instead.

"The figures are absolutely staggering – and scandalous. For the years from 2000 to 2008 they spent in total over $51 billion, yes billion, on buying their own shares. A cash spill that would have paid for a hell of a lot of oil spills. In 2009 they spent nothing, though I suspect that owes more to the credit crunch than a change of heart about this foul practice that so shafts the private shareholder in favour of their institutional mates."


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● Getting back to those weak US retail sales – the truth, says Cris Sholto Heaton in his Asia Investor newsletter, is that the best days of the US consumer are in the past. "The US consumer defined the last few decades. And the Asian consumer will define the next. That's why you're already reading about which handbag is most popular in Beijing. And how bottled tea has become a craze among young Vietnamese."

But as Cris points out, lots of people already know this. That's why "I want to get away from the familiar stories you know about Asia's middle class: The car sales. The luxury shopping malls. The new television set in every home."

I've worked with Cris for a while. If there's one thing that makes him a good analyst, it's his nigh-on obsessive attention to detail (you'll already know all about this if you read his free email, MoneyWeek Asia). He's studied what really happens when a society starts being driven by consumerism, rather than simply jumping on the tedious and simplistic "look how many BMWs rich Chinese people are buying" bandwagon.

And that's led him to look into the market for something rather ordinary – snacks. "If you're buying a quick snack on-the-go in Britain, you might grab a chocolate bar from a supermarket or convenience store. But in most parts of emerging Asia, you're more likely to buy a steamed bun or fried tofu from a street vendor."

But this is changing. As consumers get wealthier and modern retail chains more widespread, they are consuming more shop-bought "processed, packaged snacks". And this is an important trend for investors to buy into. Why?

"Because when you begin selling more packaged, prepared food, you also sell more branding. While one street stall may be better than its neighbours, they are all selling more-or-less the same product at the same price. Their pricing power is very limited.

"But a company that can build a brand around its product is the only producer of that product. And so it can earn margins far in excess of an unbranded commodity snack. And that means that they profit much more from growing wealth and millions of people's willingness to spend a few pence more on the branded product."

It makes sense to me. And Cris reckons he's found the perfect stock to play the sector. You can find out more about Asia Investor and Cris's investment rationale here.

● One of the dangers of being a small investor is boiler rooms. These scam merchants are particularly fond of cold-calling penny share investors. That's because they assume they'll be easy targets – adventurous, and with a bit of spare cash. But one made the mistake of calling our penny share expert Tom Bulford the other day. Says Tom:

"I had a call from a girl called Melanie claiming to be from a wine merchant in Mayfair. It went something like this:

"Melanie: "Hello Mr Bulford, I am Melanie and I am offering you the chance to make tax-free gains by investing in vintage wines…"

"Me: "I am not interested."

"Melanie: "But you have not even listened to what I have to say."

"Me: "Go away."

"Melanie: "Is that because you have never thought of investing in wine?"

"Me: Words to the effect of "get lost".

"Melanie: "But…"

"Sound of phone slamming."

Now, as far as I'm concerned, that's pretty much a textbook way to deal with these people – just hang up right away. And that's what the Financial Services Authority (FSA) told Tom when he called them to report the scam.

They also suggested the Telephone Preference Service. It's a free service that allows you to opt out of receiving unsolicited sales or marketing calls – just register your phone number. You can find all the details on www.tpsonline.org.uk.

"But," says Tom, "the main thing to remember is this. Never ever agree to part with your money on the basis of a telephone conversation. Just put the phone down straight away. Or, if you find you are being drawn into a conversation, be as rude as you like and then slam down the receiver. And report these sharks to the FSA. The phone number is 0845 602 2185. Alternatively, you can file a report on http://www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form.shtml."

● And I suppose I can't really finish off this weekend round-up without at least nodding to the World Cup.

One reader replied to Merryn's blog on BP: "No idea whether BP is a buy at these levels but if the England football players' wealth managers have invested their millions in high dividend UK oil majors, then Rooney and co have every incentive to counter Obama's nasty populism and humiliate the USA on Saturday."

It's one way to incentivise the team I suppose. If it works, we can only hope that the rest of their money has been shovelled into euros – the pain of that loss might give them a fighting chance if they get far enough to play Spain...

Until next week,

John Stepek

Editor, MoneyWeek
New Business Editor of the Year, BSME Awards 2009


MONEY MORNING™ is the free daily email service brought to you by MoneyWeek. For a 3-week FREE trial of the MoneyWeek magazine & website, just call 0207 633 3780 and one of our Customer Service representatives will take your order for you. Please quote reference number EMYK L502 to get your special discount and free issues.

....Don't buy BP until it hits 420p
... Small cap stocks on the rebound
...Gold v Property, Round II


From David Stevenson, across the river from the City


Welcome back to your weekend edition of Money Morning.

This is where we highlight some of the best bits from our free emails, newsletters, blog and MoneyWeek magazine that we’ve published in the past week.

● 'Shortened' Bank Holiday weeks can often be a bit quieter – unless you've been wrestling with the joys of half term, that is.

In the markets, it was much the same this week. There wasn't too much to see on the company results front. But share prices were still bouncing around and there's been plenty of other stuff going on.

For example, a couple of Britain's biggest names, BP (LSE: BP/) and Prudential (LSE: PRU) have been very much in the news. We talked about them both in Thursday's Money Morning, so I'll not repeat all the details here.

Since then, BP hasn't been prepared to commit to maintaining its dividend. The oil giant's shares have bounced a bit on hopes it might succeed this time in plugging its Gulf of Mexico leak. But with the longer-term payout still under threat, I'd like to see the price back down at around 420p before buying.

After all, BP is still surrounded by risks, as we explained last week. Yet for many oil companies, in particular at the smaller end of the scale, the risks are of a very different kind. In a nutshell, the oil 'minnows' worry about not finding any of the stuff. But the flipside is that if a minnow hits the jackpot, its investors can really coin it. So it's well worth having a look at this week's cover story in the magazine:

"Nothing kick starts a share price like a major oil find", says author Tom Bulford. "Last August investors in Gulf Keystone Petroleum (AIM: GKP) saw the value of their shares soar by 592% in just 20 days. Last month, investors in Rockhopper Exploration (Aim: RKH) had the same thrill ride, as the share price raced from 37p to 220p in less than a week. Each had struck black gold – Gulf Keystone in Kurdistan, Rockhopper close to the Falkland Islands".

"If you're happy to take the risk involved – and do be aware that it's risky, so don't invest money you can't afford to lose – if you back the right minnow today, you could land tomorrow's oil major."

If you're already a subscriber to the magazine, here's the link: Hunting for oil in the world's six most promising frontiers. If you're not, you can still see the story by taking up our offer of a 3-week free trial.

● Tom has been a very busy bee recently. He's also been scouring round for turnaround stocks for his free Penny Sleuth email. This does exactly what is says on the tin, aiming to find penny shares that could soon be worth much more.

"Three men have been bending my ear recently", he says. These are "Wayne Money of Eruma (LSE:ERU), Barrie Whip of Crimson Tide (LSE: TIDE) and Miles Hunt of Empresaria (LSE: EMR). All have interesting stories to tell. All have had a tough time during the recession but I get the sense they're turning things around and are poised to deliver some good news."

If you haven't heard of any of these stocks, you're in similar company. Until reading Tom's piece, I hadn't either. Empresaria is a recruitment agency, Crimson Tide does software and Eruma is in, of all things, counter-terrorism. But if Tom believes they're worth looking at, that's enough for me. Here's the link to his piece about them: Three turnaround penny shares to watch.


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Forecasts are not a reliable indicator of future results. Your capital is at risk when you invest in shares, never risk more than you can afford to lose. Please seek independent financial advice if necessary. MoneyWeek Ltd. Customer Services: 0207 633 3780.


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● Tom also reckons that investors are missing out on big opportunities in biotech. In this week's magazine sector column, James McKeigue agrees. Or to be more exact, he believes there's money to be made from "genetically modified organisms".

"Global food demand is set to keep growing strongly", says James. "The UN predicts that demand for food will increase by 50% by 2030. Rising living standards in developing countries, especially in Asia, are also a key factor. So agriculture has to use all the resources at its disposal more efficiently. That means investing in so-called "Frankenfoods" could prove very profitable".

And as he explains, (GM foods: an unexpected European growth story), he's just found a cheap, 'pure play' in the sector that's well placed to cash in on all this long-term growth.

● In fact, there's a bit of a 'big numbers' theme here. Dr Mike Tubbs, who writes the Research Investments newsletter has been pondering how mankind will be able to cope with the fallout from millions more vehicles on the roads.

"Take China's pollution problems for a start. There are already four million private cars clogging the streets of Beijing. Each day 2,000 new drivers become part of the capital's grim crawl of traffic. The city is choked with smog. And all the new coal-fired power stations are making their pollution problems much worse".

"But then traffic is also increasing rapidly in Mexico City, Bangkok and Shanghai. Worldwide, transport is responsible for 14% of the carbon dioxide emitted each year, according to the MIT Technology Review. And with vehicle ownership in developing countries growing at 30% a year, cutting fuel emissions will be a major priority for governments for decades to come. It's the same story with power. Most developed economies are far too dependent on dirty energy sources – whether it be coal, oil or natural gas".

"How are governments cutting down on emissions? By introducing tougher regulation on transport and power generation. They know that building massive solar and wind farms won't be enough. And nuclear stations take a long time to bring into service. We have to cut down on the emissions we are generating at the moment".

The good news for the planet is that Dr Mike has found, if not the complete answer, at least a metals-related stock that will do very well out of cutting emissions. Here's where you can find out more about Research Investments.

● Talking of metals, we couldn't let this edition of the round-up pass without another mention of Dominic Frisby's piece last week. For those that missed it, here it is: In real money, British house prices are down by 70%.

To recap, he was talking about the link between gold and UK house prices. Now clearly, for MoneyWeek and its devotees, these topics are very close to the heart. No prizes for guessing what specialist subjects we'd select if we went onto Mastermind.

But the response from readers has been absolutely unprecedented. It's now well into three figures. And it's great to see so many of you getting involved in the conversation. What's more, there were very widely differing views, ranging between those who think it's a top-notch article to those who think Mr F has taken leave of his senses!

Anyway, on Monday Dominic published a follow-up, to "address one or two concerns" called "Why I still prefer gold to houses".

In fact, the title rather speaks for itself. But it's worth repeating the conclusion:

"These are incredibly frustrating times. A whole generation has been alienated by the absurdly out-of-reach property prices in this country. Many, having rightly identified that property was in a bubble, either stayed out or got out, only for the long-overdue correction never to fully materialise. Meanwhile, they see the purchasing power of their money evaporate, and it seems they'll never be able to buy anything unless they cripple themselves with debt".

"This is all an unfortunate consequence of the modern fiat system of money and credit. It causes 'malinvestment', it creates rampant asset price inflation, booms, bubbles and, eventually, busts. In response to all this there isn't much we can do other than move our wealth into stronger foreign currencies or an asset, such as gold, that a government can't debase."

"And there might be another opportunity to do that in the next few months. There's a lot of turbulence dead ahead in global markets. Gold may well sell off in the carnage. If it does, and we get our usual summer low, take advantage".

Amen to that! But replies to 'Gold and Houses Round II' are still coming in, so if you haven't had your say yet and would like to, feel free to do so.

● Before I go, just one more thing.

Last Saturday we sent out a very special invitation. This gave Money Morning readers the first chance to get hold of a groundbreaking 'hidden seam' investment report. The response has been incredible so far…and here's why…

My colleague and MoneyWeek contributor Cris Sholto Heaton has unearthed a 'hidden seam' of companies in Asia. He believes these have more potential than any other type of shares anywhere in the world. And you can still get in on the action. On Tuesday afternoon the first issue of his new Asia Investor newsletter, including the identity of his latest 'hidden seam' tip goes out live. To get in on this you have to put your name down by midnight Sunday – at the latest. Find out how here.

Until next week,

David Stevenson

Associate editor, MoneyWeek


MONEY MORNING™ is the free daily email service brought to you by MoneyWeek. For a 3-week FREE trial of the MoneyWeek magazine & website. To place your order over the phone, just call 0207 633 3780 and one of our Customer Service representatives will take your order for you. Please quote reference number EMYK L502 to get your special discount and free issues

The euro continued to slide as fears about the region’s banking system persisted. Marks and Spencer revealed a near 5% increase in profits to £632m.

Apple launched the iPad in Britain. More than £6bn was wiped from the market value of BP after the oil giant’s latest failure to control its oil spill in the Gulf of Mexico provoked mounting anger in the US. The OECD urged the Bank of England to tackle rising inflation by lifting its interest rate to 3.5% by the end of 2011 – well above the current 0.5%.

App od the week
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Leadership tip of the week: How to speak from a podium:
The podium can be an intimidating place. Even seasoned public speakers feel anxious when standing in front of a microphone. Here are four tips for making your next speech from the podium hum with confidence:
(1) Keep your feet planted and stand up straight. This will convey poise and strength, even if that's not what you're feeling.
(2) Don't memorise. Unless the speech is very short, the anxiety of trying to remember your lines will only make your task harder.
(3) Find a place for your hands. Put your hands in one place — for example, on the sides of the podium — and then forget about them. You will bring them up naturally to gesture as long as they have a place to return to.
(4) Practice, practice, practice. Rehearse as many times as you can, in an environment as close to the real experience as possible.

Quote of the week:
"Respect your efforts, respect yourself. Self-respect leads to self-discipline. When you have both firmly under your belt, that's real power." Clint Eastwood who is 80 years

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Apple iPad – Friday 28th May is the first day UK buyers will be able to buy Apple’s new iPad tablet PC. The units will be sold through Apple stores, Apple’s website and authorised resellers. For prices expect to pay around £429 for the 16GB, £499 for the 32GB and £599 for the 64GB Wi-Fi only models. If you want the iPad with Wi-Fi and 3G then expect to pay £529 for the 16GB, £599 for 32GB and £699 for the 64GB model. Mobile operators, including O2, will also be supplying the units with data plan deals.

What is DuckDuckGo? – It’s another search engine (https://duckduckgo.com/ ) but with a major difference, and one that is upsetting a lot of web analysts. DuckDuckGo provides encrypted searches, utilising SSL (Geek language = Secure Socket Layer). This means any searches you make, along with the result pages, cannot be intercepted by a third party. Though good news for privacy-conscious surfers the web analytics industry is not happy. As far we know this is the first search engine using SSL as a default. Having tested DuckDuckGo it is quick and provides ad-free results.

Microsoft SkyDrive – If you’ve not heard of it before don’t be surprised. SkyDrive is Microsoft’s new online storage service providing up to 25GB of online storage. To use it you’ll need a Windows Live ID (sign up here if you do not have one - https://signup.live.com/). Once you have logged into your Windows Live ID account click the ‘More’ link at the top of your homepage and select ‘SkyDrive’ from the menu. By default you have four folders (My Documents, Favourites, Shared Favourites and Public). You can create additional folders using the ‘Create folder’ button. To upload files click the ‘Add files’ button and add up to five at a time – which is a bit of pain. To add loads of files at once try compressing multiple files into a compressed file.

How to Create A Compressed File (s) in Windows 7 – Place the files you want to compress into the same folder. Select all the files (a shortcut is press the ctrl button and the letter a), right click and select ‘Send to’ and ‘Compress (zipped) folder’ from the pop-up menu. That’s it, no need to download any third party software and simple to use – we like that.

More Windows 7 Keyboard Shortcuts

To use these you will need to hold down the Windows key (that’s usually the one on the bottom row of your keyboard, on the left hand side between the ctrl and Alt keys).

Windows – Open the Start menu

Windows + L - Locks your PC

Windows + F – Advance Search

Windows + D – Minimise all open Windows

Windows + E – Displays Windows Explorer

Windows + T – Cycles through all programs on your taskbar

Windows + U – Opens the Ease of Access Centre

Windows + Tab – Applies the Windows Aero Flip 3D effect

Commercial Wi-Fi For Your Business – Do you run a business, (pub, restaurant, café, club, vehicle showroom etc) community or charity and want to give your customers free wireless broadband? It makes sense and will certainly attract more customers to your premises. If yes then take a look at Freerunner (http://www.freerunr.com). Freerunner not only put Wi-Fi hotspots in big brand locations, but in schools, community centres and outside of city centres with the help of regional development funding. Freerunner provide their services in England, Wales, Scotland and Northern Ireland.

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Germany terrifies the global markets...

Why you must watch your inbox this afternoon...

Are we heading back to the 1980s?


From John Stepek, across the river from the City


Welcome back to your weekend edition of Money Morning.

This is where we highlight some of the best bits from our free emails, newsletters, blog and MoneyWeek magazine that we’ve published in the past week.

● This week, it's been all about the euro again. Just as Greece was successfully rolling over the dodgy debts that caused all the trouble in the first place, Germany decided to ban "naked" short-selling without any warning whatsoever. As one wag put it, it's a surprise to see the Germans ban naked anything – and the financial markets were certainly rattled by the decision.

Clearly the ban was a political move to distract German voters from the fact that they are paying to save Greece, as I noted in Money Morning last week. As if to confirm it, the German parliament passed the Greek bailout package with a comfortable majority on Friday.

But it panicked traders, who wondered what the Germans knew that everyone else didn't, and where the next regulatory blow might come from. Political risk is now one of the biggest worries for investors everywhere, as we point out in this week's MoneyWeek cover story: The rally's over - so what's spooked the markets?

● The fall-out has left most of the world's major stock markets well into 'correction' territory for the year – down 10% or more. And China is in a fully-fledged bear market. One man who's been preparing his readers for this is Tim Price. Tim, who writes The Price Report newsletter, is a respected City analyst and regularly writes for MoneyWeek.

Let me just say, I get lots of emails and analyst reports sent to me everyday – literally hundreds in a typical week. Tim is one of the very few people on my 'priority' list. I always make time to read his stuff. He's put together a report on the three investments you need to buy before this correction turns into a fully-fledged crash. It'll be winging its way to your inbox this afternoon – don't miss it.

● Ironically, while the world's stock markets tanked on fears about its longevity, the euro bounced back strongly against the dollar this week. It's a good reason to make sure you always use a stop-loss when spread betting – as my colleague Tim Bennett pointed out earlier this week.

However, we can't see the rebound lasting. We're not optimistic about the future of the euro, at least, not in its current form. Indeed, Merryn Somerset Webb, our editor-in-chief, suggested that Greece's best way out now is to both default on its debt, and ditch the single currency. Why? Well, the population is going to face a lower standard of living whatever happens. However you add it up, "running Greece costs more than Greece currently charges its taxpayers."

So why not just go for the nuclear option and be done with it? By abandoning the euro as well as its debts, Greece would "dispose of the worst of its debt burden and get its monetary flexibility (along with any growth this might encourage) back at the same time. And it will at least own the process, getting out before either Germany forces it out or leaves itself. The rest of Europe might not be keen (their banks may find coping with the fallout tricky) but I can't imagine the Greeks are in any mood to care."


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● Meanwhile, back in Blighty, the pound didn't get much of a helping hand from the latest batch of promises from Cameron, Clegg & co. All the speculation over capital gains tax (CGT) isn't doing much for their popularity with investors. You can read Merryn's take on it here: Capital gains tax hike was inevitable – but it must be done fairly.

My main problem with messing around with CGT is the fact that, in terms of government money-spinners, it's small change. Last year it raised less than £3bn. That's less than the tax on beer alone. Even in 2008/09, the peak of the last ten years, it only raised £7.9bn. Compare that to VAT, at £67bn last year. So CGT – a tax on the 'rich' – is mainly going up for political reasons. It's largely to try to compensate for the fact that we can only sort our finances out by hiking VAT – a tax on everyone.

● I'm already heartily sick of one aspect of the 'new politics' – the whole '80s revival that it's inspired. The '80s were bad enough the first time round – I'd rather be spared the reruns.

But Paul Hill thinks investors should brace themselves for the return of something far worse than mullets and day-glo legwarmers – he means riots. In the latest edition of his Precision Guided Investments newsletter, he takes a trip down memory lane…

"As a kid I grew up in Walsall. And every morning I would catch a bus across Birmingham that went right through some of the toughest neighbourhoods in the UK. Normally this wasn't a problem. But after Margaret Thatcher came to power in 1979, she dished out some economic medicine that sparked serious rioting across the city.

"I remember on several occasions, the bus driver having to tell the passengers that the doors were locked and the bus would not be stopping as it travelled through Handsworth and Lozells – where passing traffic was being used as target practise for bricks and even petrol-bombs.

"Why am I telling you this? Because I am convinced that the savage cuts about to be introduced by the Lib-Con coalition will be met with the same furious backlash we saw in 1979. For two years now, most people have been insulated from the full effects of this recession by colossal government borrowing and near zero interest rates.

"Now those comforts will be stripped from them. And anger will ferment as months of unemployment stretch out ahead of Britain's 2.5 million unemployed. We've already seen Athens over-run by angry public sector workers. I fear that could be a taster of what is to come in this country."

● It's a grim prospect. But Paul's not just looking at potential social trends for the sake of depressing his readers. He's hoping to profit from them. You should have got a note from him on Thursday detailing how he's been using what he calls Barack Obama's personal government "tip sheet" to pick up on hot sectors before the rest of the world cottons on. If you missed it, you can access the report here.

● Enough gloom and doom. For all that the world's finances don't look too healthy, the march of technology continues at a blinding pace. This week, Craig Venter and Hamilton Smith, two American biologists who were the first scientists to sequence the DNA of a living organism, created the world's first artificial life.

We'll have more about on the topic in the next issue of MoneyWeek. But while the investment implications of artificial life are probably some way off in the future, there are plenty of other innovations we can make money from.

Tom Bulford for example, told readers of his free Penny Sleuth email all about the 'imop' this week. As Tom says, it's not a cleaning app for your iPhone – in fact it's "a smart little electrical component that could cut your electricity bill by up to 25%." The company behind the imop, Advanced Power Components (APC) "is on the recovery trail" after a tough recession. I don't have time to go into the science of this gadget, but you can read Tom's full piece here: This penny share could slash the UK's energy usage.

● What else before I go? A reader, commenting on a Money Morning last week, suggested we're a bit hard on Europe: "What makes you so sure you're the ones who "get it"? Reading MoneyWeek on the subject, you'd think that the entire continent is made up of half-wits and 3-year olds. There are phenomenal brains on the other side of the argument, at the ECB, at the IMF et al, who I'll wager have a deeper understanding of the crisis than do MoneyWeek… and who yet don't see Europe and the euro's demise as a foregone conclusion."

Let me quickly answer that. We don't have an ideological bias against Europe. We just don't think the single currency is practical in its current form. The cards are stacked against it. And while I'm sure there are plenty of smart people at the European Central Bank, they're hardly neutral on the topic. Jean-Claude Trichet can't turn around tomorrow and say: "Ah well, the euro's a waste of time – back to the drawing board…".

But if you want to see a couple of proper intellectual heavyweights debate the issue, check out this video. It shows Nobel economist Joseph Stiglitz squaring up to everyone's favourite 'evil' speculator, Hugh Hendry on Newsnight in February, over whether Greece's debt problems are an issue or not. With hindsight, you'd have been better off putting your money on Hendry. And Merryn's just been interviewing him for next week's magazine, so you can find out his latest thoughts next Friday (and if you're not yet a subscriber, what are you waiting for? The first three issue are free, after all… click here to subscribe).

● That's it for this week. I'll be back on Monday. But don't forget to keep an eye out for Tim Price's report later today!

Paul Hill's newsletter, Precision Guided Investments
Tom Bulford's newsletter, Red Hot Penny Shares

If you have any other comments, please feel free to email me at editor@moneyweek.com.

Until next week,

John Stepek

Editor, MoneyWeek
New Business Editor of the Year, BSME Awards 2009


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