Monday, June 10, 2013

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Monday, May 13, 2013

Massive hedge funds do more, the dollar index rising trend is expected to continue


The dollar index edged gapped at 83.24, after continued to rise slightly on the red on Friday to close at 83.11. Technical implied long confidence has been significantly improved.

FXWW established by Sean Lee said, hedge funds have been busy recently to buy long dollar positions. With a lot of money tend to flow to the U.S. dollar, the dollar index last week rose sharply since April 4 test fails, the second close to the 83.50 resistance.

Sean Lee also said: "The move means that hedge funds in the last week, the end of a major push into the U.S. dollar index and consistency buy, the dollar index rising trend will continue for some time."

The Fed planning QE exit road map


Since the Fed announced in September last year to expand the size of the bond-buying program, the U.S. stock market sharply higher, the major indexes repeatedly hit a new record high.

However, one of the rumors on Twitter investors awakened: the pace of the Fed's exit is getting closer, it is time to prepare for.

Non-groundless

9 pm local time, a Twitter news shocked the entire market, the news that the Fed News Service, "said Jon Hilsenrath will shortly issue a Fed will purchase earlier than expected slowdown in the scale of debt reported.

Jon Hilsenrath has been on Wall Street that Fed Chairman Ben Bernanke's mouthpiece, the news quickly spread in the market after the zerohedge many influential website broadcast.

Subsequently, the Fed planned easing "exit road map" rumors everywhere, then decline in the price of U.S. Treasury bonds, the dollar along with upside, the U.S. stock market also ended the day after five consecutive trading days of rising prices.

10 days after the closing of the stock, Jon Hilsenrath published an article entitled "Fed stimulus formulate an exit plan.

The article pointed out that Fed officials are already planning a strategy to exit the bond-buying program, this strategy is still under discussion Fed has sufficient flexibility, which is determined by the market in accordance with the clear Prior experience is expected to step. Fed plans a phased reduction of the scale of the debt purchase, change the number of purchase bonds according to their progress in the employment and inflation, but when the plan is still controversial.

In addition, Fed officials want to be able to clear this strategy and let the market do not overreact.

Or three-step

Currently, the Fed is running the fourth round of quantitative easing monetary policy, a monthly purchase plan amounted to $ 85 billion debt. The Fed had already released to the market signals, ready to speed up or slow down the speed of bond purchases in accordance with the progress of the economic outlook. Jon Hilsenrath stressed that most of the recent Fed minutes show the Fed there is a greater flexibility in the management of the debt purchase plan.

Wall Street is widely expected, the Fed's quantitative easing policy will continue into 2014, but is likely to start from the fourth quarter of this year to reduce the scale of the debt purchase and take a three-step strategy to exit quantitative easing. JP Morgan chief economist Ferrari, the the Fed first step might share the scale of debt reduction to a month 50000000000-60000000000 U.S. dollars, the second step is then reduced to $ 30 billion, and then stop the debt purchase. However, investors still worried about the first time the scale of debt reduction of share will be misinterpreted as the tightening cycle, and then cause the rapid rise in market interest rates.

Wall Street Journal survey of private sector economists showed that 55% of respondents expect the Fed began to tighten in the third or fourth quarter of this year to purchase debt scale, 45% of respondents expected to wait until next year or was later to have the action, no respondents believe that the the next Fed will expand the scale of the debt purchase.

Bloomberg research shows that in the fourth quarter of this year, the Fed will purchase monthly scale of debt is reduced from $ 85 billion to $ 50 billion. According to CNBC research shows that Wall Street expects the Fed will start in February 2014 to reduce the scale of the debt purchase a complete end to the wide amount of time expected after July 2014, the first rate hike will occur in the second quarter of 2015.

Foam manufacturer?

This week, five local Fed President Fisher and Plosser and Fed Governor Raskin will deliver a speech, Bernanke also on long-term economic outlook speech, investors can get more information about the Fed planning to exit bonds purchase program message. In addition, the Federal Reserve held a meeting on interest rates in June, July and September, respectively, market participants expect Bernanke will have the opportunity to explain its exit plan in a news conference in June and September.

Fed officials support debt purchase plan has also hinted that the economic outlook is more optimistic, while willing to consider began to withdraw from the debt purchase plan.

Tuesday, May 7, 2013

France announced the end of the fiscal austerity of


Pierre Moscovici, the French finance minister, announced on Sunday (May 5), have been the end of the fiscal austerity measures. Earlier, Germany and France again on deficit reduction dispute, Germany immediately provide flexibility issues of deficit reduction.

Moscovici said Sunday in an interview with the French media, "we are witnessing the end of the fiscal austerity toward dogmatic, fiscal austerity is the only tool to fight the debt crisis in Europe;" over the past year, we have been calls for the implementation of conducive to the promotion economic growth policy. fiscal austerity is the stumbling block to achieve economic growth. "

In Germany is about to usher in election Moscovici and German Finance Minister Wolfgang Schaeuble barriers, highlights the economic situation in Germany and France differentiation, and Francois Hollande in 2012 May replace Nicolas Sarkozy  issued by the voice of the anti-crisis after French President.

European Union (EU) Economic and Monetary Affairs Commissioner Olli Rehn has proposed to France the EU under the deficit reduction period of two years.

Germany within the ruling coalition legislators are fighting back. Schaeuble belongs CDU budget policy spokesman Basler Norbert Barthle said: "We have made it clear to the German government, Chancellor Angela Merkel (Angela Merkel) and Finance Minister Schaeuble said that the French realize EU deficit reduction specified time year 2014 is the limits of what we can accept. "

Basler said in a telephone interview on Friday (May 3), France must demonstrate that they are willing to implement structural reforms.

Merkel's campaign

In the Sept. 22 election, Merkel will seek a second term as prime minister of Germany, the European leaders in the formulation of policies also have a certain amount of space to play, the European Central Bank (ECB) President Mario Draghi is expected to take the initiative to take action. The risk is that they must be taken in promoting competitiveness and reshape economic growth policies may appear to shrink.

Morgan Stanley  person in charge of the global economy Firestone Joachim Fels said on Sunday that Europe on the implementation of austerity measures to slow down the pace, but as long as the Governments remain the focus on structural reforms, the market should be able to accept.

The European Commission (EC) on Friday (May 3), the euro zone is a record high unemployment rate outlook is not optimistic, and 12.1% of the average level of unemployment is expected to anticipate a dropped to below 12% in 2014.

French finance ministers and central bank governors on Tuesday will visit Berlin

European Commission believes that the French gross domestic product (GDP) may be a recession in 2013, Hollande and Moscovici has become the vanguard against Germany led to cut the budget deficit proposition. Schedule, Moscovici, will visit Berlin, Germany on Tuesday (May 7) and met with Schaeuble, and together with the French central bank governor Christian Noyer, Noah met with the German Central Bank (Bundesbank) President Jens Weidmann.

European Central Bank has cut interest rates by 25 basis points to 0.5% of the new record low on Thursday (May 2), Draghi said the ECB to keep an open mind on the implementation of a negative deposit rate policy.

Moscovici's speech, France's inability to cut the budget deficit target in 2012 and anticipate a budget deficit share of GDP fell to below the EU ceiling of 3% in 2013, but the country will avoid duly punished. The European Commission believes that if France does not adjust fiscal policy, the country's budget deficit share of GDP, is expected to reach 3.9% in 2014 and rose to 4.2%.

Specific flexibility

Schaeuble, a German media said on Sunday that the budget deficit target specific flexibility does exist, but this requires the Fassi between the two countries to implement the necessary reforms in France and Spain, the European Commission will be enacted before the end of detailed proposals, and will be handed over to the finance ministers of the euro area Member States to discuss and decide.

Due to the positive election year in Germany, the the major suspense German voters still worthy of attention from all walks of life, in the senior ally of the current coalition government, the euro area member states to adhere to the budget deficit criteria, such as Basler's call may result in Merkel difficult help France to flex its muscles.

Moscovici said: "I can understand why some of Germany's conservative molecular why not happy with the situation ... For them, this is not a success story, but Germany and France have a common responsibility in Europe, Germany is required for a successful France. "

At the same time, Hollande Merkel put pressure on them overcome the need in the campaign, in order to maintain the euro zone fiscal consolidation through long-term banking union.

Hollande said on Friday, Merkel will soon face test of domestic election in September, she could not give the impression that its attention to Europe beyond the impression of Germany; Germany may wish to be after the election in September and then focus on the banking union up.

Friday, April 26, 2013

China agrees with France to buy 60 Airbus planes


China agreed to buy 60 Airbus planes in a memorandum of understanding signed Thursday by French President Francois Hollande and Chinese President Xi Jinping in front of reporters.
A significant portion of the planes would be manufactured in China at an Airbus factory in Tianjin, 150 kilometres (93 miles) from the capital, an industry source told AFP on condition on anonymity.
The signing ceremony took place in Beijing's Great Hall of the People on Hollande's first day of a two-day visit to China aimed at boosting trade. He arrived earlier with a planeload of business people.
"Today there is a trade imbalance and it behooves us to fix it, not to reduce our investments and our exports but to increase them," he said while exchanging greetings with Xi before reporters.
"This is what we will discuss during our meetings."
Xi told Hollande: "You are working actively to promote growth and increase competitiveness.
"I look forward to the future of our global strategic partnership and look forward to working with you to make our bilateral relationship closer, healthier and more vibrant."
France accounts for just 1.3 percent of China's foreign trade compared with around five percent for Germany, and a trade deficit with China of 26 billion euros ($34 billion) last year is seen in Paris as unsustainable.
Hollande is the first Western leader to be received in the capital by China's new president.

The French government sold 1760 million shares of EADS stock, cash of 1.2 billion euros


French Ministry of Finance issued a statement on Friday, announced yesterday the sale of European Aeronautic Defence and Space Company (EADS) 1760 million shares to 707 million euros ($ 925 million). April 16, sold 1200 million shares, realize a total of 1.19 billion euros in France this month.

The French government sale of Airbus parent company EADS stock plan announced in December last year, the Government of France and Germany to 12% stake each, the Spanish government shares part of the agreement 4%. In addition, private sector investors Daimler AG, Germany and France Lagardere Group sold EADS stock.

Berlin visitors tax levied to tourists. Except for business people


Berlin from July 1 tourist tax levied to tourists.

Tax collection behavior in the hotel, the amount of tax revenue accounted for 5% of the accommodation. The Government will not be liable for business matters of visitors to Berlin from the tax, it is not clear how the government will distinguish between ordinary tourists and businessmen. Tourist tax is very common in major European cities, especially in Rome, Florence and Barcelona. 1991-2004 Russian tourists had to impose medical expenses, but was later canceled

Berlin visitors tax levied to tourists. Except for business people


Berlin from July 1 tourist tax levied to tourists.

Tax collection behavior in the hotel, the amount of tax revenue accounted for 5% of the accommodation. The Government will not be liable for business matters of visitors to Berlin from the tax, it is not clear how the government will distinguish between ordinary tourists and businessmen. Tourist tax is very common in major European cities, especially in Rome, Florence and Barcelona. 1991-2004 Russian tourists had to impose medical expenses, but was later canceled

Thursday, April 25, 2013

Greece revisit the old debt, claims hundreds of billions of World War II reparations to Germany


Russia RT television reported that the Greek government has officially announced that Germany will seek compensation for damages caused by the Nazi occupation of World War II, will amount to 162 billion euros. This may lead to further tension of these two euro-zone countries.

Greece, local media revealed in early April, the Ministry of Finance report showed that Greece that Germany owes 162 billion euros, including Germany in 1941 to the end of the war, during the occupation of Greece caused € 108 billion infrastructure losses, as well as Greece to Germany 540 100 million euro interest-free loans.

European austerity may be the end


European countries are growing differences on the austerity policies. Local time on April 22, European Commission President Jose Manuel Barroso made it clear that countries in recent years and the implementation of austerity measures in order to fight against the financial crisis in Europe has reached its limit.

Some analysts believe that Jose Manuel Barroso issued a statement at this time, apparent in a tendency to abandon austerity policies. This behavior may get the support of the state led by France against austerity policies, but it can also be caused by the opposition of Britain, Germany and other countries to support the austerity policy.

Austerity policies do more harm than good

The primary means of tightening through high interest rates to reduce the circulation of currency in the market. The implementation of this policy requires a very strong wrist and flexibility when the country is in economic crisis, austerity policies have considerable possibility of increasing unemployment, leading to more decline in the troubled economy, tax reduction.

Adhere to the austerity policies of countries led by the United Kingdom and Germany.

EU summit in February this year, under the auspices of the German Chancellor Angela Merkel and British Prime Minister David Cameron, European Budget from 1 trillion euros to 960 billion euros, cut part includes the € 1,000,000,000 expenditures of the EU institutions in Brussels, as well as originally used to stimulate the growth of cross-border infrastructure. Germany insists on fiscal austerity, and that any deviation from the policy of reducing the deficit will lead to an increase in the debt burden, lead to turmoil in financial markets again.

Germany this support austerity attitude, Fudan University Centre for European Studies, Professor Ding Chun explained to the "International Finance" reporter, Germany and Britain insist States austerity, in fact, in order to avoid their own for the other countries of the European Union financial nothing deficit aftermath. At the moment Barroso announced to abandon its austerity policies, but also the very moment quite upset.

The biggest problem is not austerity

Tuesday, April 16, 2013

Decline of Detroit: vacant Building become a nest

"What a beautiful brick house, they have been abandoned for many years, the entire district are dead." Looking barren Community, a native of Detroit, Mike Hawley kept shaking his head.

For decades, the decline of the automotive industry and an unprecedented outflow of population, coupled with the complete collapse of the real estate market in recent years, Detroit was in serious financial crisis. Once the most prosperous manufacturing center of Detroit, today's decline is shocking. Recently, this reporter walked into the city, feeling helpless lives of ordinary people in the shadow of the crisis, explore the root causes of the crisis behind the truth.

Vacant for many years the building became a nest, pigeons freely out from the broken windows

The Americans nicknamed "Motor City" Detroit, it was fame automobile capital. One of the three major U.S. car company General Motors world headquarters is still located in the center of Detroit. In addition, the two companies - Ford and Chrysler headquarters is also located in the suburbs of Detroit.

Riverside's central business district in Detroit, up to 73 layers of the General Motors headquarters building - the Renaissance Center, and some financial institutions, accounting firms, casinos and other buildings still tell the city to its former glory. In addition to the city center also slightly vitality, Detroit, the rest of those who languished scene. Numerous high-rise buildings vacant. An old man said, pointing to the city center in a vacant building for many years, you see that there have become a nest, pigeons freely out from the broken windows. Woodward was on both sides of the street in the heart of Detroit, who have represented the many landmarks of Detroit's most glorious era, some have been demolished, no demolition has been vacant for many years, has become the urban explorers and graffiti artist's paradise.

Out from the downtown area, into a piece of abandoned residential area is like to experience the ruins of war. Disorder, outsiders generally not dare to enter. Taxi drivers, led by Holly, the reporter walked into the many communities in the eastern part of Detroit, was once a middle-class residential areas, Today, these standards garden houses single-family residential, a one to be discarded , and some still preserved better, and some had almost collapsed, there are many to be arson, only ruins. These neighborhoods where there are few people stick with their lives in the shadow of the high crime rates. The reporter has to pass three houses are hung in front of faded puppet. Holly said, those houses have been occurring in the murder of people in order to mourn the dead.

The problem has become, the international financial crisis further into the abyss Detroit

"Detroit today's crisis is the economic downturn in decades, population loss and tax base and the destruction of the results." Wayne State University in Detroit, "the revitalization of Detroit talent Project Director Robin Boyle told this reporter, Detroit fell into a corporate move out of the loss of population, the sharp drop in government revenue, the vicious cycle of deteriorating security, fire, education, health care, infrastructure and other public services.

Heyday in the 1950s, Detroit's population has reached more than 180 million people, the U.S. top five cities today, the population dropped to about 710,000. Famous Detroit automotive industry, the remaining two fairly decent car assembly plant, a Chrysler Jeep factory production, the other is generic factory for the production of electric cars, Detroit's only two manufacturing plants, employment of less than 1 million people. The reporters found in the east of the city of Detroit Chrysler plant. The fenced factory became a local manufacturing island, empty residential areas outside the plant. Chrysler plant is only separated by a wall, a large auto parts factory closed down a few years ago.

The Detroit City hollowing contrast, the rise of satellite towns. Wayne State University assistant professor of the Department of Urban Studies and Planning Ding Detroit "suburbanization" phenomenon likened to a filtration process: the rich and the middle class continue to move to the suburbs, leaving the less educated and the poor in the city , leading to the impoverishment of the entire city. Of Detroit families median annual income of only $ 26,000, and close to the poverty line in the United States. In addition, due to the civil rights movement of the 1960s triggered by the tense race relations, in particular the 1967 riots resulted in today's Detroit residents in the city, 90 black, suburban, 90% white, forming a de facto apartheid.

Ding believes that "a single economic structure, ethnic conflicts and contradictions of powerful labor unions and the employers, and the entire metropolitan area is the lack of co-ordination" the Detroit problem has die-hard, the recent international financial crisis has further Detroit into the abyss. He predicted that the population will continue to diminish in the next few years, Detroit.

Ding's research shows that this wave of pre-crisis, Detroit, housing prices peaked in 2003, when the average price is $ 100,000 Each, and now the most common transaction price is about $ 7,000 Each. The real estate market collapsed, cut off the source of wealth of the Detroit city government, because the property taxes are the main sources of income of the local government.

The new Detroit family, they bet on Detroit tomorrow

The 55-year-old Dean Smith fled nearly 60 years one of the more than 100 million people of Detroit in 1978, he moved from the city to the Detroit suburb of Berkeley City. He said that people follow the jobs go, the suburbs safer, cleaner, better schools. Another point, the low cost of living in the suburbs.

Now, the city of Detroit hardly a decent shopping center, only a few small food shops, is not only expensive, but the quality is not reliable. Holly said, the city plagued by drugs, gambling, alcohol and other issues. Holly's stepfather was fired because of drug use. Today, Detroit still has three large casinos. Poverty did not prevent some Detroit to gamble, Holly said, even can only cast a penny slot machines in the casino.

However, it was Detroit did not despair. Work in the Government of the State of Michigan Brian Connors 3 years ago moved to live in downtown Detroit, he told reporters that the recent emergence of "new Detroit family like him well-educated, higher-income people move to the city . " In downtown Detroit and Wayne State University Medical Center and the concentration of a number of small technology companies in the city ", the housing market appeared to pick up. , Hawley said the negative when asked whether they intend to move out with the flow. "I want to stay here, I bet the future of the city."

The problem is structural, not just government mismanagement

In response to the shrinking of the city, Detroit government announced in January this year, a city of the future development of strategic planning. Professor Boyle said Detroit's challenge is long-term, the problem is structural, not just government mismanagement. Detroit City area of nearly 200 square kilometers, government finances have been unable to maintain such a big city. He believes that Detroit can no longer "peanut butter and put it on the whole slices of bread, but to focus its resources together, selected several target area, providing high-quality public services, the formation of employment centers, attractive to work, live .

Currently, the U.S. manufacturing sector is recovering, once fell into bankruptcy, GM and Chrysler restructuring to return to profitability. However, the recovery of the U.S. auto industry, in terms of taxation, employment and locals almost nothing to help, "said Professor Boyle. Ding also believes that engage in the manufacturing sector in the city of Detroit has no advantage, the U.S. manufacturing sector from the city to the suburbs, flowing from the north to south, from the United States to Mexico, China and other emerging market countries, the trend has been difficult to reverse.

Wednesday, April 10, 2013

The depreciation of the yen increased import bills, Japan plans to increase coal consumption


Difficult to return to nuclear power in the short term, coal power generation has become the best choice for Japan to cut energy costs.

In order to compensate for the dismantlement of nuclear programs bring energy shortages, energy surge in imports in the past two years in Japan. Due to the continued depreciation of the yen, the growth in energy costs has become a huge burden for the Government of Japan, the nuclear power regression in the short term is very slim, the Japanese government decided to increase the proportion of coal consumption, as an alternative to more expensive oil and gas.

Significant increase in energy expenditure, the government is difficult to bear

Shinzo Abe re-appointed Prime Minister of Japan, to take a series of tough measures to save the Japanese economy, the yen depreciation is one of the means. However, the sharp depreciation of the yen to some extent, enhance the overseas competitiveness of exporters, but also makes the significant increase in Japan's energy expenditure. Energy imports increased dramatically after the abandon its nuclear program, the growth of this cost the Government is a big headache. Just past the second anniversary of the 3.11 earthquake in Japan, nuclear power regression is still nowhere in sight. Japan's nuclear power industry has entered the third year of stagnation, the Japanese government must consider reducing the cost of energy imports in order to control the trade deficit.

Most of the peripheral Eurozone household wealth more than the core countries


Reuters reported that released Tuesday by the European Central Bank data show that peripheral Eurozone average household wealth more than the core countries to accept household net worth to rescue countries often exceed the countries of the bailout funds.

The average household net wealth in Spain 291,400 euros, 275,200 euros in Italy, was significantly higher than 3A rating in Germany, the Netherlands and Finland, three countries the average household net wealth were 195,200, 172,000 and 161,500 euros.

The ECB data collected in 2010, wealthy northern European countries to help the poor South relatives are not the accurate sound public finance does not mean that the high personal wealth. Perspective of household wealth for the first time to examine the report on the study of the euro zone situation will almost certainly lead to dissatisfaction of Germany and other euro-zone countries of the North, they generally see themselves as the gold master of the Southern European countries, including seeking relief.

Euro area household net wealth in the lowest median Germany, only 51,400 euros, less than Italy (€ 173,500) and Spain (182,700 euros) 1/3, because Germany has a relatively low level of housing.

"Net wealth constituted mainly by real estate to promote," the joint report of the European Central Bank and the euro zone central bank said. Others, such as income, family structure, property acquisition, leverage and house prices also contributed to the wealth levels of different factors.

The report of the European Central Bank survey of all euro area countries except Ireland and Estonia, the homeownership rate less than 50% of Germany and Austria.

Average household wealth is highest in Luxembourg, followed by the financial system on the verge of collapse last month of Cyprus. The report also showed that the vast majority of total household assets of euro area real estate, almost 85%. The richest households accounted for 10% of the total number of households with more than half of the total net wealth, 31% of the total revenue.

Tuesday, April 9, 2013

Wild panda spotted in SW China’s Four Maiden's Mountain


A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.
A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.
A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.
A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.
A wild panda was spotted by a local villager in Shuangqiaogou scenic zone in southwest China’s Sichuan Province on Monday.
Four Maiden's Mountain Scenic Spot Administration Bureau staff, after receiving the villager’s report, went to the area and rescued the panda Monday evening.

What are the Differences Between KMS and MAK


KMS VS MAK KMS is set on the specified host system , the system will activate all MS Office 2010 client installation, without the need for every computer to connect to Microsoft for product activation.Usually the enterprises with a lot of computers (more than 25) adopts this way.

KMS activator is not permanent activation,the computer can be activated ( in the authorized state) only 180 days.After that  KMS client will need to contact the KMS host and reactivate. Then  the client can get 180 days again. If you have not reactivate the computer will enter the 30 days grace period.After the 30 days grace period you can not login the RFM.

MAK is short for Multiple Activation Key.In addition to each key has a different number of activations, the principle is same with the retail version.For example, an enterprise has purchased 50 sets of Office 2010 .MAK key can activate 50 computers installed Office 2010. Clients connect to Microsoft's activation server to activate the product.When activate each set of products, Microsoft will automatically deduces one from 50 counts  in the activation server .

Bernanke: U.S. banking strength pressure test credit


MarketWatch reported, Fed Chairman Ben Bernanke on Monday said financial markets at the annual meeting in Atlanta Federal Reserve, Bank of America strength more robust compared to a few years ago, thanks in part to the government's stress tests.

The adaptability of the U.S. banking system is greatly improved since 2009, a broader, more complex regulatory pressure test to enjoy some of the credit, "Bernanke said at the annual meeting.

Bernanke believes that the key turning point in 2009 decided to launch a stress test of the financial crisis, banks anxious investors to bring their desire estimated loss of reliable information.

10 in the first round of stress tests of 19 large banks need to raise a total of $ 75 billion of equity capital, and was completed last month the most recent round of testing 18 banks, only two did not pass.

Bernanke said in his speech, despite the Bank of dissatisfaction, but the Fed will not disclose the full details of the stress test model. So the banks criticized the pressure test model is a "black box". Bernanke to worry about the details of the announcement will cause the bank to make it easier only adapt to the Fed's stress test model.

Asian Development Bank: facing developing countries in the region to asset bubbles


Asian Development Bank (ADB) on Tuesday reported that the resumption of economic growth in developing Asia is facing the risk of asset bubbles exacerbate capital inflows.

ADB is expected to announce the 2013 Asian Economic Outlook ", the next two years, the region's GDP growth rate was 6.6% and 6.7%, CPI growth rate of 4% and 4.2%, respectively.

Officials from South Korea to the Philippines a number of countries have taken action or are studying measures to curb capital inflows in the context of developed economies easing. Bank of Japan announced on April 4 and the largest in the history of an asset purchase plan in 2014 to make double the base currency, joining the ranks of the Federal Reserve and the European Central Bank to enhance the economic stimulus.

Developed economies may continue to adjust monetary stance, Asian developing economies need to safeguard the health of the financial sector, to avoid destructive asset bubbles. Strong economic growth has been largely eliminate the excess capacity of many regional economies, so relax monetary policy faced the risk of higher inflation, "ADB in the report.

The size of the balance sheet of the Federal Reserve, the European Central Bank and the Bank of Japan has more than doubled since the outbreak of the global financial crisis in 2007 to expand, for a total increase of $ 4.7 trillion; Japan's measures may exacerbate fluctuations in the currency market.

Ford Focus wins last year, the global sales crown, sales of over one million


The Ford announced on Tuesday that Fox small cars last year, the world's highest-selling car brand, sold more than 1 million, of which more than 1/4 sold to the Chinese market, the United States is the second largest market.

Industry consulting firm RL Polk data shows that this is the second year in a row over Fox Toyota Corolla sedan to become the global sales crown. Top five Ford F-Series pickup, the Wuling Sunshine small surface and Toyota Camry mid-sized car.

Polk calculated according to the automobile brand sales, thus using different names each version of the Corolla car sales not included in the Corolla name. Toyota said it, if the Matrix hatchback cars and other Corolla variant counted, the global sales last year, more than 186,000 Fox.

Monday, April 8, 2013

Global dollar liquidity increase of 42% in 2005, of strong demand in Europe

Fed officials said that the past five years the number of U.S. dollars in circulation increased by 42%, mainly due to soaring demand in Europe, a vivid manifestation of the dollar is still welcomed by the whole world.

San Francisco Fed President Williams (John Williams) in its annual report, said: "With the 2010 Spring European debt crisis intensified, the sharp rise in dollar holdings."

The surge in demand for U.S. dollars in cash around the world worried about the safety of their bank and the euro area in the future, but do not be afraid to U.S. inflation or default. Argentina and the former Soviet Union countries, the strongest demand for dollars in cash. Almost collapse of Lehman Brothers in 2008, the same day, the dollar demand significant changes.

Minister of Agriculture: agricultural exports this fiscal year will exceed $ 142 billion


Agriculture minister said fiscal year 2013, U.S. agricultural products had expected exports will exceed $ 142 billion, the driving factor for the reduced tariff barriers, in agreement with the Chinese and Russian buyers in the lower pricesupplementary supply.

As of January this year, 1/3 of the fiscal year, U.S. agricultural exports amounted to $ 55 billion, indicating that the annual export record.

The Ministry of Agriculture also announced that Russia, Belarus and Kazakhstan have agreed to the import of day-old chicks, hatching eggs, live dairy cattle exports to Iraq signed a related agreement, pear exports to China for the first time.

Kate Middleton shows sports skills with six-month bump


(Photo/Agencies)
(Photo/Agencies)
(Photo/Agencies)
(Photo/Agencies)
(Photo/Agencies)

Sunday, April 7, 2013

The large exposure of Global tax evasion: covering 170 countries, over 20 trillion funds


"Sueddeutsche Zeitung" and the North German television station recently reported that an anonymous source to the many international media provides a large number of data about the world's "tax havens" secret deal. These materials involving 170 countries, 13 million people, the disclosure of secret means of how to take a large number of rich and some criminal groups, through start-up offshore companies and the "shell" company in the world "tax havens" huge assets hidden, evade taxes.

It is reported that the amount of information of this batch of data up to 260g, the German media called "the largest ever data leak. Including 2.5 million documents. Provide material claiming that he was 15 months ago have the data available to the International Investigative Journalism Network (ICIJ). " Later media in 46 countries around the world and from the network, a batch of data, including Germany's Sueddeutsche Zeitung "and" North German television. These media after several months of research on the above information, the unity of action, the part of the disclosure.

the New Deal of the Bank of Japan carries a large risk


The new Central Bank President Haruhiko Kuroda April 4 introduced a content-rich, concise new policy quickly and clearly unhappy in the long-term situation of the Bank of Japan who marked the rich color of his personal imprint. Its Renbai Chuan Fang Ming acting style are different, the latter prefer progressive measures, and the time stressed the complexity and risk of the policy.

Kuroda in interpreting the announcement of the New Deal package focusing circle the number "2": central bank bond purchases and the monetary base expanded to the current level twice, in two years time "2%" inflation target.

This is an extremely bold promise, many economists and government officials, including Chancellor of the Exchequer, including Japan are of the view that, in Japan, such a deflation nightmare entangled the country in 15 years to complete the task almost impossible. In today's world, Japan is the only major economies experienced after the era of the "Great Depression" long deflationary vicious circle.

British admit thousands of tons of garbage to Asia, China and India are the injured States


Each household being dumped thousands of tons of household waste recycling and hard classification of the country. Whitehall has acknowledged the garbage from recyclable waste containers being shipped to China, India and Indonesia and other countries, most of which ended up in landfill.

In documents released by the Environment, Food and Rural Affairs, the Minister acknowledged, each year, in large part, the fate of the waste shipped abroad 12 million tons of "green" is not subject to their control.

With the increasingly rely on contractors around the Administration Select Committee to deal with mandatory recycling piles of garbage generated by the use of the program, the garbage shipped abroad - mainly in Asia - the scale of the industry has doubled in the past 10 years.

Law, the waste shipped abroad must be recycled - Environment, Food and Rural Affairs now recognize that, in some countries, the waste buried just trouble.

The Department led by Owen Paterson, Minister of the Environment, the Ministry intends to strengthen the inspection of the port, to suppress the activities of illegal transportation of green waste.

The British Government has always emphasized that the household garbage has been meticulous recycling - but the newspaper earlier this year revealed a large number of household waste recycle bin identified is of no use, was sent to landfill. Environment Agency confirmed that the waste shipped to China, Indonesia and India have also not been recycled, but landfill.

In addition to household waste, recognized by the Ministry of Environment, Food and Rural Affairs, and other rubbish dumped abroad including used tires shipped to China and eventually shipped to West Africa Waste TV and computer.

The environment has called on all localities Administration Select Committee to improve the quality of the recovery program, and verify the contractor is how to deal with garbage.

The Environment Agency told the local authorities: in the United Kingdom and the European Union, more and more collected for recycling waste is shipped abroad for processing most of the collected household waste ...... eventually be exported. "

News is that household waste is dumped in developing countries admit that recycling is exaggerated in the Environment, Food and Rural Affairs in February came after. Official figures collected 43% of household waste recycling - but the ministry said, in fact, a waste treatment plant refused to accept most of the recyclable materials, these materials often end up into the landfill.

English woman raped and stabbed to death in India


Indian police carry the body of the English womanIndian police carry the body of the English woman
Indian police carry the body of the English womanIndian police carry the body of the English woman
Sarah GrovesSarah Groves

Saturday, April 6, 2013

Injured Fred in doubt for all-Brazilian Libertadores clash


RIO DE JANEIRO, April 6 (Xinhua) -- Brazil striker Fred is in danger of missing Fluminense's Copa Libertadores clash against Gremio on Wednesday with a knee injury.
The 29-year-old was carried off the pitch after landing awkwardly during the first half of Fluminense's 2-0 victory over Resende in the Campeonato Carioca on Saturday.
The club's doctor, Arthur Nogueira, said Fred would undergo scans on Sunday to determine the extent of the injury.
Fluminense coach Abel Braga admitted he could be forced to call up 19-year-old striker Michael for the match against their Brazilian rivals in Porto Alegre.
"We have to wait and see how serious the injury is before we can comment on what will happen, but I have complete confidence in the squad," Braga said.
"I'm not afraid to use young players if necessary. If they have to play, they will play."
Michael, who replaced Fred as an eighth-minute substitute on Saturday, has now scored four goals in his first two matches for the Rio de Janeiro club.
"It was great to score but unfortunately I only came on because Fred was injured," Michael said. "Hopefully he can recover quickly."
Fluminense are second in their Copa Libertadores group, one point ahead of Gremio with two matches remaining before the knockout phase.
The top two teams from each group will progress to the tournament's round of 16.

Can Good Dental health increase your Life Expectancy?


Having good teeth is a priority for many Australians for obvious reasons. Chewing your food in comfort, avoiding bad breath, and being able to smile with confidence are benefits easy to appreciate. But an accumulating body of evidence is emerging about the links between poor dental health (in particular gum disease) and the development and severity of many diseases. The link between Heart Disease and oral health has been well established over the last 20 years of research, but we now know that poor oral health can also worsen the side-effects of Diabetes, and can make the disease harder to control. Unfortunately it doesn't stop there, because poor oral health also increases the incidence and severity of Pneumonia and other Respiratory Diseases, and is also associated with Rheumatoid Arthritis, Osteoporosis, Kidney Disease and even Oral Cancer just to name a few. So what's the good news? Regular professional dental treatment can reduce the chance of developing gum disease and poor oral health, which is associated with these other conditions. So if you want along and healthy life, looking after you teeth and gums is a great place to start.
Your twenties can be the best years of your life. You've fled the nest where your parents kept you on the straight and narrow and now you can do as you please. You're free to indulge without the burden of responsibility, and no-one is on your back about looking after yourself. But once you get a better job, marriage, mortgage, maybe a dog, and a family the burden of responsibility settles back on your shoulders. Maybe you aren't as invincible as you were when you were in your 20's and could drink till 1am and still get up for work at 8am the next day. Unfortunately during those carefree years in your 20's your dental health can take a back seat to other more pressing concerns, and the indulgence of a youthful lifestyle can take its toll on your dental health. Often if you've left it for a few years, thinking that if you have no pain then things surely should be fine, dental disease can be silently destroying your teeth and gums. Remember that many dental diseases are entirely preventable, and much easier when treated early. A comprehensive dental examination before it is too late, is not difficult or expensive and is the best way to ensure you're keeping your teeth safe.

Beyonce and Jay Z "rock Havana" for their anniversary


U.S. singer Beyonce poses for photos with school children as she tours Old Havana, Cuba, Thursday, April 4, 2013. Beyonce is in Havana with her husband, rapper Jay-Z, on their fifth wedding anniversary.(Photo:Agencies)U.S. singer Beyonce poses for photos with school children as she tours Old Havana, Cuba, Thursday, April 4, 2013. Beyonce is in Havana with her husband, rapper Jay-Z, on their fifth wedding anniversary.
American pop star Beyonce and rapper husband Jay Z celebrated their fifth wedding anniversary this week in Havana, where big crowds greeted them as they strolled hand in hand through the Cuban capital.
They ate at some of the city's best restaurants, danced to Cuban music, walked through historic Old Havana and posed for pictures with admiring Cubans, who recognized them despite the past half-century of ideological conflict that separates the United States and Cuba.

Boao Forum takes its place on the world stage


Former French Prime Minister Jean-Pierre Raffarin (L front), a member of the Board of Directors of the Boao Forum for Asia (BFA), is present at the BFA Board of Directors Meeting in Boao, south China's Hainan Province, April 5, 2013. The BFA Board of Directors Meeting was held here on Friday. (Xinhua/Jin Liwang)  Former French Prime Minister Jean-Pierre Raffarin (L front), a member of the Board of Directors of the Boao Forum for Asia (BFA), is present at the BFA Board of Directors Meeting in Boao, south China's Hainan Province, April 5, 2013. The BFA Board of Directors Meeting was held here on Friday. 
The Boao Forum for Asia has become a truly global event that can grow in importance as China's influence increases, according to the CEO of a communications consulting company that has been helping to run the event since its inception in 2001.

Extremely poor U.S. jobs data, European stocks fell 1.6% more than a month record low of


European stocks fell sharply Friday, closing hit the lowest in more than a month, the biggest decline since last October, weaker than expected U.S. non-farm payrolls data is heavily weighed on market sentiment, at the same time, concerns led to the outbreak of avian influenza in ChinaEuropean aviation stocks fell across the board.

European stocks vane Pan os the Trafigura 600 index fell 1.6%, to close at 287.13 points, its lowest level since record for more than a month. Week, the index fell 2.3%.

U.S. Labor Department data released on Friday, March non-farm payrolls rose only 88,000, far less than the market expected, an increase of 9 months to the lowest. March unemployment rate decreased 0.1 percentage points to 7.6%, mainly due to more and more people are no longer looking for work out of the labor force.

In Europe, the data show that the euro zone retail sales in February were down 0.3%.

China's bird flu concerns led the European airline stocks fell across the board. Air France - KLM Group's share price fell 7.8%, Lufthansa fell 5.2%, British Airways parent International Institute for the Unification Airlines Group (IAG) shares tumbled 6.9%.

British budget airline easyJet (EasyJet) fell 6.4%. The company said it expects pre-tax loss of 60 million to 65 million euros in the first half of this year.

Major regional indexes, the French CAC 40 index fell 1.7%, to close at 3,663.48 points, the week down 1.8%. Oil giant Total SA (TOT) fell 1.5%. The luxury goods giant PPR Group fell 4.2%, the Italian fashion brand Gucci Group, plans to invest 13 million euros in order to save the classic Italian porcelain brand Richard - Keno Lane (Richard Ginor) from bankruptcy.

BNP Paribas shares fell 1.4%, Credit Agricole fell 1.6%.

The German DAX 30 index fell 2%, to close at 7,658.75 points, the week down 1.8%.

FTSE 100 index fell 1.5%, to close at 6,249.78 points, the week down 2.5%. Weights bank HSBC Holdings (NYSE: HBC) fell 1.8%. Clothing retailer Next PLC fell 3.6%, CSFB its rating cut to "neutral" from "outperform".
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U.S. electric car manufacturer Fisker dismissed most of the junior staff


In a meeting on Friday morning, the troubled U.S. electric car manufacturer Fisker Automotive (Fisker Automotive) made ​​a decision to dismiss most of its junior staff.

The Associated Press quoted to attend this meeting, a source as saying that about 160 employees will be laid off.

Fisker will retain about 53 senior managers and executives to the company's assets in order to find a buyer.

Fisker since July last year, has not produced a car in cash tension. In order to conserve cash, the company last week forced more than 200 employees on leave.

April 22, Fisker must be the repayment of a loan owed ​​to the United States Department of Energy. In 2009, as part of the Obama administration to stimulate the development program of the fuel-efficient cars, the company received a $ 529 million federal loan, and has drawn $ 193 million, but due to the battery in the development of the first models Karma set of questions was postponed market, the company is prohibited by the U.S. Department of Energy to withdraw more loans.

Prior to this, Fisker worked with Chinese car manufacturer Dongfeng and Geely strategic negotiations, but the talks eventually broke down. Last week's news that the company from Kirkland & Ellis law firm hired a bankruptcy lawyer, filed for bankruptcy protection.

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Friday, April 5, 2013

'Transformers 4' takes shape with help from China


This undated publicity photos provided by courtesy of Paramount Pictures shows Bumblebee in a scene from the film, "Transformers: Dark of the Moon." (Photo/Agencies)This undated publicity photos provided by courtesy of Paramount Pictures shows Bumblebee in a scene from the film, "Transformers: Dark of the Moon." 
Michael Bay's "Transformers" robots are shaping up again with an assist from China.
Paramount Pictures announced a deal Tuesday with China Movie Channel and Jiaflix Enterprises to help on the production of "Transformers 4," the next installment in the director's blockbuster franchise.
According to the agreement, China Movie Channel, which is overseen by the Chinese government, will help select filming sites in China, and with theatrical promotion and possibly post-production work there.
It also will work with the filmmakers on casting Chinese actors in the movie, which stars Mark Wahlberg and is due out in June 2014.

Thursday, April 4, 2013

US regulator says companies may announce key data on social media


US regulators said on Tuesday that companies can use Twitter, Facebook and other social media to make key announcements as long as they tell investors which sites they will use, an effort to help companies navigate the new media age.
The guidance from the Securities and Exchange Commission seeks to clarify disclosure rules after the agency opened an inquiry into a post made last July on the personal Facebook page of Netflix's chief executive, Reed Hastings.
The SEC investigated whether his announcement that the movie and TV streaming service had hit 1 billion hours viewed in June violated a rule that requires important information to be disclosed to investors at the same time.
The SEC said on Tuesday that it did not initiate an enforcement action or allege wrongdoing in that situation.
But it said staff learned that there was uncertainty about how disclosure rules apply to social media channels.
"One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information," George Canellos, acting director of the SEC's enforcement division, said in a statement.
"Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don't know that's where they need to turn to get the latest news," he said.
The disclosure rule at issue, known as Regulation Fair Disclosure or Reg FD, has been up for debate for some time. Companies have complained that it is outdated as social media revolutionizes the way they share news and attract customers.
Regulators rarely bring enforcement cases related to Reg FD, and there is some gray area in how the rules apply.
In the case of Netflix, some observers said it was not clear whether Hastings' Facebook post contained material information since executives had already made similar statements in public.
As companies and investors turn to these tools, regulators were bound to clarify the rules, said Howard Lindzon, the chief executive and founder of Stocktwits, a company that aggregates Twitter chatter about stocks for traders.
"A press release on Yahoo finance — who reads that anymore?" Lindzon said. "You're going to read news on your Facebook stream, your Twitter stream. The industry is changing, and it was a matter of time before it was going to be regulated."
ALERT INVESTORS
Under the new guidelines released on Tuesday, companies could take steps such as noting on websites and press releases that they will use social media to make announcements and giving web addresses for their pages. That would give investors the chance to subscribe to or join the right sites, the SEC said.
While the agency said it would not take action against Netflix, it said personal social media accounts of officers likely would not be considered appropriate venues for future announcements of nonpublic information unless investors are told that the site may be used for such disclosures.
"The SEC is saying, 'Here is clear Reg FD guidance about using an executive's page. And if the information is disseminated this way again without the company alerting all shareholders to be on the look for it, we will not have a report, we'll have an enforcement action,'" said Eugene Goldman, a former SEC lawyer who is now with McDermott Will & Emery.
A Netflix spokesperson said the company appreciated the agency's "careful consideration and resolution of this matter."
Facebook welcomed the finding that it can be used for such information sharing, a company spokesperson said. Twitter did not immediately respond to requests for comment.
In one recent instance of executives making an impact through social media, Tesla Motors Inc's Chief Executive Elon Musk said last week on Twitter that something "exciting" would be announced soon.
His tweets sent shares of the car maker higher. On Tuesday, Tesla announced that it had partnered with Wells Fargo and US Bank on a new financing product for its Model S electric sedan.
Other companies have had to crack down on executives' statements. Women's specialty retailer Francesca's Holdings Corp last year fired Chief Financial Officer Gene Morphis after accusing him of improperly communicating company information through social media.
His tweets had included comments about the retailer's audit committee, his meetings with investors and his board, and the company's financial results.
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