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“The leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default,” Obama said at the White House. “This compromise does make a serious down payment on the deficit-reduction we need. Most importantly it will allow us to avoid default.”

Congressional leaders reached a bipartisan agreement to raise the debt ceiling by at least $2.1 trillion, sufficient to serve the nation’s needs into 2013. They are preparing to sell to members the deal to cut $917 billion in spending over a decade, raising the debt limit initially by $900 billion, and to charge a special committee with finding another $1.5 trillion in deficit savings by the year’s end. They confront an Aug. 2 deadline for approval of the agreement.

“This goes a long way to reducing the risk of default by the U.S. government,” Tom Quarmby, head of regional banking research at Barclays Capital in Hong Kong, said in a Bloomberg Television interview. While many hurdles remain, the deal “gets them out of a lot of trouble in the near term,” he said.
Market Reaction

The dollar and oil prices climbed, and gold fell. U.S. currency rose 1.3 percent to 77.79 yen and 0.2 percent to $1.4376 per euro at 9:44 a.m. in Tokyo. Gold slid 1.1 percent to $1,610.70 an ounce. Crude oil for September delivery rose 1.6 percent to $97.19 a barrel on the New York Mercantile Exchange.

Futures on the benchmark Standard & Poor’s 500 Index of stocks ended a seven-day losing streak, gaining 1.5 percent to 1,308 as of 10:54 a.m. in Tokyo.

With just two days left before the Treasury Department had said the nation would default without additional borrowing authority, both sides made concessions. Republicans dropped their insistence on withholding some of the borrowing authority until future spending cuts had been made and a balanced budget amendment to the Constitution had been passed by Congress.

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In her dainty little cottage in Hawaii, Mihye looks quite at ease in the lap of luxury. As she prepares for her interview with us, her PA offers us a round of some colorful Hawaiian cocktail. When Mihye takes her seat, she already knows about the question that’s on top of our lips. She begins, “It is an understatement to say that Mass PPV Traffic can bring in visitors to a website. The fact is that I have experienced an avalanche of people visiting my 17 websites, and that’s happened without much effort at all.”

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The mood for the interview was set. “The best thing about it all,” she continued, “was that I experienced this traffic across all of my websites almost simultaneously. So that meant it was Mass PPV Traffic that brought in the visitors, nothing else.”

“So what is this Mass PPV Traffic?” we ask. “Is this some innovative optimization method?”

“No, no,” she vehemently shakes her head. “PPV is nothing of the sort. PPV stands for Pay per View. Logically, you are paying people to view your website, but the payment you make is so paltry that you don’t mind it at all. The thing that you need to know here is that PPV isn’t like article marketing or blogging, both of which bring targeted traffic but are horribly time-consuming. It also isn’t anything like using social networks such as Twitter, which I will say are merely flashes in the pan even if they do work. With Mass PPV Traffic, you are using a very simple method that’s bound to work, and there isn’t another option with it.”

“What are the stakes then? Such a highly effective method must be expensive,” we say.

“You would think,” Mihye says with that self-satisfied smile she has been radiating throughout the interview. “The lowest price you can get on the Internet for a similar traffic-attracting method would be like $4 per visitor. But Mass PPV Traffic really takes the cake here. At $0.01 per view, you are almost paying nothing, aren’t you?”

Available here: Mass PPV Traffic System

We agreed here that the method sounds too good to be true. We asked Mihye to prove it to us that her 17 websites were doing well. The websites are all in different niches, and some proof here could be really substantial. Mihye took a minute to download the pages and then showed us the recent trends of her websites. What we saw left no suspicion in our minds whatsoever about the fact that Mass PPV Traffic works.

See the proofs here: Mass PPV Traffic System Proofs

“This method is geared for the 2010 marketer,” Mihye spoke. “The website owner and also the user has become much too Web 2.0 savvy. There is too much riding on Internet businesses. Competitiveness is rife. At such a time, Mass PPV Traffic will bring webmasters right on top of the heap of the competition.”

It took a while to sink in but we had to accept that Mass PPV Traffic is going to be what the ordinary Internet marketer of 2010 is going to use. The system has already created quite a buzz, especially among newbie marketers, who are quite bowled over by the simple-click usage of this method. This is something that clearly overrides the effort marketers needed to put in when implementing older optimization methods.