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“Detroit Knows Cars” automobile fine art show is making its premiere in Detroit! The exhibit will open January 7 at 6 p.m. in the Chase Tower Building lobby (611 Woodward Avenue).  This free fine art show features members of the Automotive Fine Art Society and artists who have exhibited at Concours d’Elegance, the finest classic and collector car events in the country.

Focusing on the aesthetics, beauty, and significance of automobiles, these collective works illustrate many different art styles and techniques including painting, photography, and sculpture. The exhibit will be open from January 7 until January 28 from 6:00 a.m. to 6:00 p.m. and coincides with the North American International Auto Show, which opens to the public at Detroit’s Cobo Center on January 14.

Why do we write about Detroit? We believe in Detroit’s future.

Deals of the Week January 3rd 9th

Welcome 2012!  Do you have many new resolutions for the new year?  Do you want to make this the best year ever?  Let’s start by saving money with our weekly specials:

Aldi

Is kicking it off focusing on health & fitness.  This week you can get all the gadgets you will need to look and feel your best!

• Crofton Juice Extractor with a 2-quart pulp container for $34.99
• Crofton Extreme Blender $17.99
• Electric Mini Food Chopper $7.99
• Digital Kitchen Scale $9.99
• Welby Body Fat Scale + $14.99
• 4-count Fit & Active Breakfast Sandwiches $3.99
• 10-count Fit & Active Multigrain Waffles $1.29
• 32 oz. Froze

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India, meanwhile, has been watching its supply of natural gas slowly disappear.  The Asian nation has since been trying to find overseas suppliers from which to purchase the valuable resource.

But now GAIL India Ltd., India’s energy company, has made a 20-year deal with Cheniere Energy (NYSEAMEX: LNG) to receive natural gas.

In the deal, Reuters reports, Cheniere has agreed to supply 3.5 million tons of liquefied natural gas (LNG) to GAIL annually from its Louisiana plant at Sabine pass.

The deal is to take effect in 2017.

Cheniere previously struck deals with two other international companies—namely Gas Natural Fenosa of Spain and BG Group PLC of Britain.

The company has become the first U.S. company to export natural gas, CBS reports.

Other U.S. comp

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The Tankan study is commissioned by the Bank of Japan on a quarterly basis. It takes the pulse of business sentiment expressing the outcome as the percentage of positive views minus the percentage of negative opinions. The index has fallen from plus two to minus four, indicating that the sentiment of large scale manufacturers has taken a turn for the worse. Japan exited a formal recession last quarter, largely on reconstruction efforts following March’s devastating earthquake and tsunami.

The effect of loss of confidence in the Euro and continuing concerns about the strength of the US economy has been that the Yen has been seen as a safe haven currency, pushing up its value and making Japanese exports less competitive in importing markets. As noted above, Japan has just emerged from recession and it is battling deflation. Its unemployment level is low by the standards of its competitors, but is high by Japanese standards. The population is aging which will send social security costs higher. J

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I was slightly stumped by this question yesterday. I had tweeted asking people to take 2 minutes to write to their MP to encourage them to attend the financial education debate in the Commons this Thursday, on the back of the e-petition hitting 100,000 signatures.

This was one of the first replies I received and it got me thinking. For those who don’t know, the Speaker of the House of Commons is currently John Bercow, who is the presiding officer of the chamber, and a sitting MP. By convention the role is non-partisan and the Speaker never votes or takes sides in any debates.   

While of course this is a good idea for the man having to referee our heavily adversarial system – where does it leave constituents? They have a Member of Parliament they can’t lobby or push to engage in politics, effectively disenfranchising them from big political activity. Of course

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Saw this on CNBC.com this morning:

Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 days, according to a new report from Florida-based Lender Processing Services.

Further along in the article (bold mine)…

…we are now beginning to see the effects of ineffective loan modifications. Repeat foreclosures made up nearly 45 percent of new foreclosures in October. Of the 2.1 million modifications since the start of 2008 more than 10 percent were in foreclosure with another 27.4 percent delinquent 30 or more days, as of the end of the third quarter of this year, according to the Office of the Comptroller of the Currency.

This should not surprise any of us. I s

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For any homeowner, having good tenants can make the difference between a profitable financial investment and taking a big loss. This factor is important for other tenants as well. For instance, you need to find a tenant with tenanthunter.com, because your lease is not expired but you want to move out. This option allows you not to break the agreement and avoid high penalty fees.

A professional property manager who helps with the interview process and review of prospective tenants is critical to the success and peace of mind of a landlord. Read full post…

GFT has announced that it has added a number of additional markets to its binary offering.

We are told that GFTs binary dealing platform was designed in-house specifically for binary traders. Every aspect of the binary platform, including the revolutionary DealWheel trading tool, has been developed to permit traders to react quickly to fast-moving binary markets.

New markets consist of -:

• Hourly up/down and ladder binaries for all of GFTs 10 FX pairs
• Netherlands 25 up/down and ladder binaries
• Daily Euro Stocks 50 up/down and ladder binaries
• Daily AUD/USD ladder binaries
• Daily AUD/JPY ladder binaries
• Daily EUR/JPY ladder binaries
• Daily USD/CAD ladder binaries
• Daily GBP/JPY ladder binaries

We are pleased to continue with our long tradition of listening and responding to our customers and delivering the markets they want to trade, stated Jo Benton, Global Product Marketing Director for GFT Markets.

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