Fielding and his delegation, after leaving from Mogadishu on June8, 2009, departed to a 3 days final trip to Dubai before returning back to hishome country, USA.In Dubai a final summary meeting was held, together with some importantbusiness people and diplomats, who all agreed to take further actions in thedevelopment of activities for the immediate term and other activities for themedium term, in which the subject of “Sustainable Development” began to takehold enabling large scale foreign direct investment to begin to flow in andfund the Nation’s building efforts of the Somali people, creating a unifiedand peaceful Somalia with vibrant trade and commerce, as it had in the past.Mr. Fielding remains confident in the future of a safe and stable Somalia andHorn of Africa Region. By: Angelina Estrella Hazim, Independent Journalist, Dominican Republic inCairo, EgyptSOURCEPhoenix Intelligence Support Services, Inc. – Anti Piracy UnitMohamed Zayed, Phoenix Intelligence Support Services, Inc. – Anti Piracy Unit,011-2010-112-1818, +1-954-328-6555, .

DALLAS (Reuters) – The Federal Reserve’s exit strategy from its array of accommodative monetary policies “will be laid out at an appropriate time,” Dallas Federal Reserve Bank president Richard Fisher said on Friday. Economy”It’s not just a matter of raising rates, it’s effecting an exit strategy on a timely basis,” Fisher told reporters after a speech in Dallas.Asked if rising U.S. interest rates put the budding economic recovery at risk, Fisher said that “right now, yields are rather subdued.”Congressional attacks on Fed Chairman Ben Bernanke are unwarranted, Fisher said, noting that “it’s easy to second guess a general after the war has subsided.”(Reporting by Ros Krasny) Economy. NEW YORK (Reuters) – A sweeping U.S. credit card law will mean sharply lower revenue for issuers and may force some out of business, but some of the market leaders could end up even stronger EconomyU.S. They also will not be able to charge over-the-limit fees unless the customer requests the extra credit.”The federal government is stepping in and making it harder to gouge or make high profits from less financial savvy customers, so you are going to get hit on the revenue side,” said James Ellman, president of hedge fund Seacliff Capital.Moreover, analysts expect the rate of industrywide losses from credit cards to peak at 12 percent to 14 percent in 2010, up from 10 percent now, pushing annualized losses close to $100 billion. The industry may not be profitable again until 2011, they said.JPMORGAN, AMERICAN EXPRESS, DISCOVERJPMorgan, the largest issuer of Visa credit cards, expanded its loan book at a slower pace than many rivals during the last credit boom.In particular, the second-largest U.S.

bank by assets limited its exposure to California and Florida, two big states hard hit by the nation’s recession and housing bust.”Their credit card platform will fare very well coming out,” said FBR Capital Markets analyst Scott Valentin. “They will have capital to allocate in the business, so they will do better than other banks.”American Express suffered steep credit losses after relaxing its standards and expanding in California and Florida earlier this decade, but it has remained profitable overall.Credit issues at the company could diminish as it refocuses on its traditional clientele of wealthy and corporate clients, analysts said.”It will be easier for them to adapt because they already are in that market,” said Walter Todd, portfolio manager at Greenwood Capital Associates.Discover, a smaller credit card issuer, will also benefit from its decision to expand cautiously. And because it has its own network, it does not have to pay the fees that rivals such as Bank of America and Citigroup hand over to Visa Inc and MasterCard Inc.”Bigger isn’t always better,” said Discover Chief Operating Officer Roger Hochschild. LONDON (Reuters) – Roger Federer stifled his opponent with a toxic mix of shots on Friday as the rain held off to ensure Wimbledon’s new roof did not steal his thunder. SportsThe first downpour of the week had been forecast to fall during his match on Center Court and, while the clouds hung ominously above, the Swiss master sped through the first two sets against 27th-seeded German Philipp Kohlschreiber.As the clouds started to dissipate in the third, the world number two’s sense of urgency also evaporated and Federer allowed his opponent to force a fourth set before snuffing out the challenge to win 6-3 6-2 6-7 6-1 and reach the last 16.”I thought it was my best match of the tournament so far I thought the rhythm was very high. We played a lot of tough points,” said the five times champion.”Maybe my serve let go just a little bit (in the third set) But he…

took the right decisions at the right time and deserved the third set in the end.”I was happy how I reacted Thought I didn’t panic. That’s why I have to be very careful.”(Editing by Ken FerrisTo comment on this story: ) Sports. NEW YORK, June 26 (Reuters) – Credit Suisse (NY Branch) onFriday sold $1.3 billion in three-year notes, said IFR, aThomson Reuters service. Stocks  |  Bonds The 3.496 percent notes were priced at 99.87 to yield 190basis points over comparable U.S Treasuries. (Reporting by Caryn Trokie; Editing by Leslie Adler) Stocks Bonds. VENICE (Reuters) – Nine centuries of male monopoly on the canals of Venice came to an end Friday when the first woman passed the grueling test to become a trainee gondolier.