FROM SCRATCH NEWSWIRE

SCAVENGING THE INTERNET

Archive for the ‘RESTRUCTURING OF THE PUBLIC SECTOR’ Category

AFTER EXTENSIVE AND SOMETIMES USELESS DISCUSSIONS, THE ENTIRE ‘FROM SCRATCH NEWSWIRE GROUP’, IN FACE OF A POSSIBLE GENERAL STRIKE WITHIN THE GROUP, DECIDED TO TAKE A COLLECTIVE VACATION … SEE YOU FOLKS IN MARCH … AND BY THE WAY, OUR COLLECTIVE VACATION HAS NOTHING TO DO WITH THIS PRESENT GLOBAL FINANCIAL CRISIS …

Posted by Gilmour Poincaree on February 1, 2009

Sunday, February 01, 2009

THE FROM SCRATCH NEWSWIRE GROUP

PUBLISHED BY ‘FROM SCRATCH NEWSWIRE’

THE FROM SCRATCH NEWSWIRE GROUP IS ON VACATION 'TIL MARCH

PUBLISHED BY ‘FROM SCRATCH NEWSWIRE’

Advertisements

Posted in - UNCATEGORIZED, A BOLSA DE VALORES, A CASA CIVIL, A CORRUPÇÃO NO APARELHO DO ESTADO, A CRIMINALIZAÇÃO DOS MOVIMENTOS SOCIAIS, A ENERGIA ALTERNATIVA, A INDÚSTRIA DA COMUNICAÇÃO, A INDÚSTRIA DE ALIMENTOS, A INDÚSTRIA DE CALÇADOS, A INDÚSTRIA DIGITAL, A INDÚSTRIA DO TURISMO, A POLÍCIA CIVIL, A POLÍCIA MILITAR, A PRESIDÊNCIA, A QUESTÃO AGRÁRIA, A QUESTÃO ÉTNICA, A QUESTÃO ENERGÉTICA, A QUESTÃO FEMININA, A QUESTÃO PREVIDENCIÁRIA, AÉREO, ABIN, AC, AERONÁUTICA, AEROPORTOS, AGRICULTURA, AGRICULTURA FAMILIAR, AGRICULTURA SUSTENTÁVEL, AGRICULTURAL PLAGUES, AGRICULTURE, AGRONEGÓCIOS, AGROTÓXICOS, AL, ALIMENTOS PROCESSADOS, AM, AP, ARRECADAÇÃO DE IMPOSTOS E CONTRIBUIÇÕES, AS FORÇAS ARMADAS, AS GANGUES 'MILICIANAS', AS INDÚSTRIAS DE MINERAÇÃO, AS RELAÇÕES DE TRABALHO E EMPREGO, ATIVIDADES CRIMINOSAS - BRASIL, AUTOMAÇÃO DO COMÉRCIO, AUTOMAÇÃO INDUSTRIAL, ÍNDICE DE PREÇOS AO CONSUMIDOR (IPC), ÍNDICE DE PREÇOS AO CONSUMIDOR - AMPLO (IPCA), ÍNDICE GERAL DE PREÇOS - DISP. INTERNA (IGP-DI), ÍNDICE GERAL DE PREÇOS - MERCADO (IGP-M), ÍNDICES DA RENDA SALARIAL, ÍNDICES DE EMPREGO, ÍNDICES ECONÔMICOS - BRASIL, BA, BALANÇA COMERCIAL, BALANÇA DE PAGAMENTOS, BANCO CENTRAL - BRASIL, BANKING SYSTEMS, BIOCOMBUSTÍVEIS, BIOMASSA, BIOMASSA, BNDES, BRASIL, CARLOS DIREITO, CÂMARA DOS DEPUTADOS, CE, CENTRAL BANKS, CIDADANIA, CIDADES, CINEMA, COMÉRCIO - BRASIL, COMBATE AO TRABALHO ESCRAVO E INFANTIL, COMBATE À CORRUPÇÃO - BRASIL, COMBATE À DESIGUALDADE E À EXCLUSÃO - BRASIL, COMBATE À VIOLÊNCIA CONTRA AS MULHERES, COMBATE À VIOLÊNCIA DOMÉSTICA, COMMERCE, COMMODITIES MARKET, CONSELHO MONETÁRIO NACIONAL (CMN), CORRUPÇÃO - BRASIL, CORRUPÇÃO NA POLÍTICA, CRIMES AMBIENTAIS - BRASIL, CRIMES EMPRESARIAIS, CURRENCIES, DANIEL DANTAS, DEFESA DO CONSUMIDOR - BRASIL, DEFESA DO MEIO AMBIENTE - BRASIL, DEPUTADOS ESTADUAIS, DESENVOLVIMENTO SUSTENTÁVEL, DF, DIREITOS HUMANOS - BRASIL, EÓLICA, ECOLOGICAL AGRICULTURE, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, EDUCAÇÃO - BRASIL, ENSINO FUNDAMENTAL - 1° e 2° GRAUS, ENSINO UNIVERSITÁRIO - GRADUAÇÃO, ES, ETANOL, EXÉRCITO, EXPANSÃO AGRÍCOLA, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FARMING DEBTS, FARMING SUBSIDIES, FERROVIAS, FERROVIAS, FERTILIZERS, FINANCIAL MARKETS, FINANCIAMENTO IMOBILIÁRIO, FLORESTAS PLANTADAS, FLUXO DE CAPITAIS, FORÇA DE SEGURANÇA NACIONAL, FUSÕES E/OU INCORPORAÇÕES EMPRESARIAIS, GÁS NATURAL, GENETICALLY MODIFIED AGRO-PRODUCTS, GILMAR MENDES, GO, HIDRELÉTRICAS, INDÚSTRIA AUTOMOTIVA, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDÚSTRIA DE ELETRO-ELETRÔNICOS, INDÚSTRIA FARMACÊUTICA, INDÚSTRIA METALÚRGICA, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INFRAESTRUTURA - BRASIL, INSTITUIÇÕES DE FOMENTO NACIONAL, INSTITUTOS REGULADORES DA ECONOMIA - BRASIL, INTERNATIONAL, ISLAMIC BANKS, JUROS BANCÁRIOS, LAVAGEM DE DINHEIRO, LUIS INÁCIO LULA DA SILVA, MA, MACROECONOMY, MARÍTIMO, MARINHA, MG, MINISTÉRIO DA AGRICULTURA, PECUÁRIA E ABASTECIMENTO, MINISTÉRIO DA CIÊNCIA E TECNOLOGIA, MINISTÉRIO DA CULTURA, MINISTÉRIO DA DEFESA, MINISTÉRIO DA EDUCAÇÃO, MINISTÉRIO DA FAZENDA, MINISTÉRIO DA INTEGRAÇÃO NACIONAL, MINISTÉRIO DA JUSTIÇA, MINISTÉRIO DA PREVIDÊNCIA SOCIAL, MINISTÉRIO DA SAÚDE, MINISTÉRIO DAS CIDADES, MINISTÉRIO DAS COMUNICAÇÕES, MINISTÉRIO DAS MINAS E ENERGIA, MINISTÉRIO DAS RELAÇÕES EXTERIORES, MINISTÉRIO DO DESENVOLVIMENTO, INDÚSTRIA E COMÉRCIO EXTERIOR, MINISTÉRIO DO DESENVOLVIMENTO AGRÁRIO, MINISTÉRIO DO DESENVOLVIMENTO SOCIAL E COMBATE À FOME, MINISTÉRIO DO ESPORTE, MINISTÉRIO DO MEIO AMBIENTE, MINISTÉRIO DO PLANEJAMENTO, ORÇAMENTO E GESTÃO, MINISTÉRIO DO TRABALHO E EMPREGO, MINISTÉRIO DO TURISMO, MINISTÉRIO DOS TRANSPORTES, MS, MT, NARCOTRÁFICO, O BIODIESEL, O CASO JOSÉ DIRCEU, O CRIME ORGANIZADO, O DISCURSO CONTRA AS POLÍTICAS AFIRMATIVAS, O MERCADO DE TRABALHO - BRASIL, O MERCADO FINANCEIRO, O MERCADO IMPORTADOR, O MOVIMENTO DOS POVOS NATIVOS, O MOVIMENTO DOS SEM-TERRA (MST), O MOVIMENTO NEGRO, O MOVIMENTO RURALISTA, O MUNDO DO TRABALHO - BRASIL, O MUNICÍPIO DE NITERÓI, O MUNICÍPIO DE SÃO GONÇALO, O MUNICÍPIO DO RIO DE JANEIRO, O PODER EXECUTIVO, O PODER EXECUTIVO ESTADUAL, O PODER EXECUTIVO FEDERAL, O PODER EXECUTIVO MUNICIPAL, O PODER JUDICIÁRIO, O PODER LEGISLATIVO, O PODER LEGISLATIVO ESTADUAL, O PODER LEGISLATIVO FEDERAL, O PODER LEGISLATIVO MUNICIPAL, O SETOR DOS TRANSPORTES, O SISTEMA BANCÁRIO - BRASIL, O SUPREMO TRIBUNAL DE JUSTIÇA, O SUPREMO TRIBUNAL FEDERAL, O TRIBUNAL SUPERIOR ELEITORAL, ORÇAMENTO ESTADUAL, ORÇAMENTO MUNICIPAL, ORÇAMENTO NACIONAL - BRASIL, OS GOVERNADORES, OS JUDICIÁRIOS ESTADUAIS, OS MEIOS DE COMUNICAÇÃO - BRASIL, OS PREFEITOS, OS TRABALHADORES, OS TRIBUNAIS REGIONAIS ELEITORAIS, PA, PARTIDO COMUNISTA DO BRASIL (PC do B), PARTIDO DA CAUSA OPERÁRIA (PCO), PARTIDO DA MOBILIZAÇÃO NACIONAL (PMN), PARTIDO DA REPÚBLICA (PR), PARTIDO DA SOCIAL DEMOCRACIA BRASILEIRA (PSDB), PARTIDO DEMOCRÁTICO TRABALHISTA (PDT), PARTIDO DO MOVIMENTO DEMOCRÁTICO BRASILEIRO (PMDB), PARTIDO DOS DEMOCRATAS (PD), PARTIDO DOS TRABALHADORES (PT), PARTIDO POPULAR SOCIALISTA (PPS), PARTIDO PROGRESSISTA (PP), PARTIDO RENOVADOR TRABALHISTA BRASILEIRO (PRTB), PARTIDO SOCIAL CRISTÃO (PSC), PARTIDO SOCIAL DEMOCRATA CRISTÃO (PSDC), PARTIDO SOCIAL LIBERAL (PSL), PARTIDO SOCIALISMO E LIBERDADE (PSOL), PARTIDO SOCIALISTA BRASILEIRO (PSB), PARTIDO SOCIALISTA DOS TRABALHADORES UNIFICADO (PSTU), PARTIDO TRABALHISTA BRASILEIRO (PTB), PARTIDO TRABALHISTA CRISTÃO (PTC), PARTIDO TRABALHISTA DO BRASIL (PT do B), PARTIDO TRABALHISTA NACIONAL (PTN), PARTIDO VERDE (PV), PARTIDOS POLÍTICOS - BRASIL, PB, PE, PECUÁRIA, PECULATO, PESQUISAS E PÓS-GRADUAÇÃO, PETRÓLEO, PI, POLÍCIA FEDERAL, POLÍTICA - BRASIL, POLÍTICA EXTERNA - BRASIL, POLÍTICA REGIONAL, PORTOS, PR, PREVARICAÇÃO, PRODUTO INTERNO BRUTO, PRODUTO INTERNO BRUTO ESTADUAL, PRODUTO INTERNO BRUTO NACIONAL, PROGRAMA DE ACELERAÇÃO DO CRESCIMENTO (PAC), PUBLIC SECTOR AND STATE OWNED ENTERPRISES, REAJUSTES SALARIAIS, RECEITA FEDERAL - BRASIL, REGULATIONS AND BUSINESS TRANSPARENCY, RELAÇÕES COMERCIAIS INTERNACIONAIS - BRASIL, RELAÇÕES DIPLOMÁTICAS - BRASIL, RELAÇÕES INTERNACIONAIS - BRASIL, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, RJ, RN, RO, RODOVIAS, RODOVIÁRIO, RR, RS, SAÚDE E ATENDIMENTO MÉDICO, SANEAMENTO BÁSICO, SC, SE, SEMENTES TRANSGÊNICAS, SENADO, SETOR EXPORTADOR, SINDICATOS DAS CATEGORIAS PROFISSIONAIS, SISTEMA PÚBLICO DE SAÚDE, SISTEMA PRIVADO DE SAÚDE, SP, SUPERÁVIT COMERCIAL, SUPERÁVIT PRIMÁRIO, TARSO GENRO, TAXA DE CÂMBIO - BRASIL, TAXA DOS JUROS COMERCIAIS, TAXA SELIC, TAXAS DE DESEMPREGO, TELEFONIA - FIXA E MÓVEL, THE FLOW OF INVESTMENTS, THE WORK MARKET, TO, USA, VEREADORES | 1 Comment »

ASIAN MARKETS GAIN AFTER US HOUSE PASSES STIMULUS BILL; EUROPE OPENS DOWN

Posted by Gilmour Poincaree on January 29, 2009

January 29, 2009 – 3:45 AM

by Stephen Wright – Associated Press

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

BANGKOK, Thailand – Asian markets advanced Thursday, with Hong Kong jumping 4.6 percent in a catch-up rally, as the U.S. House of Representatives approved a $819 billion stimulus bill that investors hope will help lift the American economy out of its worst crisis in decades. European markets opened lower.

Japan’s Nikkei 225 stock average rose 144.95 points, or 1.8 percent, to 8,251.24 even as new data showed that retail sales in the world’s second-largest economy sank the most in nearly four years in December.

Hong Kong’s Hang Seng leaped 575.83 points, or 4.6 percent, to 13,154.43 after being closed for three days for the Lunar New Year. Mainland China’s markets are closed all week. South Korea’s Kospi gained 0.7 percent and Australia’s main index rose 0.9 percent.

Sentiment in Asia got a boost as President Barack Obama’s massive stimulus package moved closer to becoming a reality.

The Democratic-controlled House of Representatives approved the bill Wednesday night, sending it to the Senate where debate could begin as early as Monday. Democratic leaders have pledged to have legislation ready for Obama’s signature by mid-February.

“The U.S. stimulus package has a positive psychological impact on markets globally,” said Castor Pang, an analyst at Sun Hung Kai Financial in Hong Kong.

“But there is still going to be bad news in the form of profit warnings and unemployment,” he said. “The unemployment rate is going to continue to climb, making U.S. consumers even more hesitant about spending.”

As trading got underway in Europe, major bourses fell with France’s CAC-40 off 1.1 percent, Germany’s DAX down 1 percent and Britain’s FTSE 100 slipping 1.1 percent.

U.S. stock index futures were down, suggesting Wall Street would open lower Thursday. Dow futures were down 87 points, or 1.1 percent, at 8,235 and S&P500 futures were off 8.6 points, or 1 perc(AP) — ent, at 862.90.

Financial stocks led Asia’s advance Thursday, buoyed in part by hopes of new U.S. efforts to trim bad debt and spur lending.

In Hong Kong, banking giant HSBC jumped 8.4 percent and China’s top lender, Industrial & Commercial Bank of China Ltd., or ICBC, added 5 percent.

In Tokyo, megabank Sumitomo Mitsui Financial Group soared 13 percent, Mitsubishi UFJ jumped 4.8 percent and Mizuho added 5.2 percent.

Japanese exporters such as Sony and Toshiba reported weak quarterly results after the market closed.

Sony Corp.’s net profit tumbled 95 percent in the October-December quarter, as the global slump hurt sales of its core electronics products, while Toshiba Corp. sank into the red in the third quarter and expects a loss for the full year.

Elsewhere, New Zealand’s benchmark index was up 0.8 percent after the central bank slashed its key interest rate by 1.5 percentage points to 3.5 percent to prevent the country’s recession from deepening.

Oil prices slipped below $42 a barrel as rising U.S. crude inventories offset expectations the U.S. stimulus package will revive growth and consumer demand. Light, sweet crude for March delivery was down 34 cents to $41.82 a barrel by midday in Singapore in electronic trading on the New York Mercantile Exchange.

In currency trading, the dollar fell to 90.02 yen from 90.41 late Wednesday in New York, while the euro declined to $1.3044 from $1.3139.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR TRIBUNE’ (USA)

Posted in AGRICULTURE, ASIA, BANKING SYSTEMS, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, EUROPE, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, HONG KONG, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, UNEMPLOYMENT, UNITED KINGDOM, USA | Leave a Comment »

RUSSIA, CHINA BLAME WOES ON CAPITALISM – SPEECHES CRITICIZE INAPPROPRIATE POLICIES, FOCUS ON DOLLAR’S ROLE; YET PUTIN SENDS OBAMA CONCILIATORY SIGNAL

Posted by Gilmour Poincaree on January 29, 2009

JANUARY 29, 2009

by Marc Champion in Davos, Switzerland; Andrew Batson in Beijing and Greg White in Moscow

PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)

The premiers of Russia and China slammed the U.S. economic system in speeches Wednesday, holding it responsible for the global economic crisis.

Both focused on the role of the U.S. dollar, with China’s Premier Wen Jiabao calling for better regulation of major reserve currencies and Russia’s Prime Minister Vladimir Putin calling over-reliance on the dollar “dangerous.”

Speaking on the opening day of the World Economic Forum in Davos, Switzerland, they both urged more international cooperation to escape the downturn. They also talked up the abilities of their own economies to ride out the recession. Mr. Wen said he was “confident” China would hit its 8% growth target for this year even though that was “a tall order.” (See the full text)

The Russian and Chinese leaders also called for cooperation with U.S. President Barack Obama, but it was a chilly reception for the new administration that reflected growing anger in economies that are now getting hit hard by a financial crisis that began with subprime mortgages sold in the U.S.

Mr. Putin was characteristically blunt. He called for the development of multiple, regional reserve currencies in addition to the dollar. “Excessive dependence on a single reserve currency is dangerous for the global economy,” Mr. Putin said. (See the full text)

The Russian leader mocked U.S. businessmen who he said had boasted at last year’s Davos meeting of the U.S. economy’s fundamental strength and “cloudless” prospects. “Today, investment banks, the pride of Wall Street, have virtually ceased to exist,” he said.

Earlier, Mr. Wen called for an expansion of regulatory “coverage of the international financial system, with particular emphasis on strengthening the supervision on major reserve currencies.”

While Mr. Wen never named the U.S., his critique of its failings was as sweeping as Mr. Putin’s. The financial crisis, he said, was “attributable to inappropriate macroeconomic policies of some economies and their unsustainable model of development characterized by prolonged low savings and high consumption; excessive expansion of financial institutions in blind pursuit of profit” – and other excesses.

“The entire economic growth system, where one regional center prints money without respite and consumes material wealth, while another regional centre manufactures inexpensive goods … has suffered a major setback,” Mr. Putin said.

Mr. Wen’s comments came just days after U.S. Treasury Secretary Timothy Geithner accused China of manipulating its currency for economic gain. The Chinese premier gently, but firmly warned that if Washington and Beijing chose confrontation, both would be losers.

But the different tones of the two speeches, and the fact that Mr. Wen didn’t call for replacing the dollar’s role as the world’s reserve currency but regulating it, reflect crucial differences in the important emerging economies.

A spokeswoman for the U.S. Treasury Department declined to comment on the remarks in the speeches. The White House did not respond to requests for comment.

Many of the attendees at Davos took the remarks from Mr. Putin and Mr. Wen in stride. “The sad thing is is that we might have scoffed at this a while ago. But we really dragged the world down” economically, Alan Blinder, former vice chairman of the U.S. Federal Reserve, said in an interview after the speeches.

The rapid collapse of oil and commodities prices has hit Russia hard on top of the ripples of the financial crisis. The government now forecasts the economy will shrink for the first time in a decade this year, after growing 6% last year.

“In a very real sense Russia has been kicked to the margins, while China has become pivotal to any resolution of the financial crisis,” says Bob Lo, Director of the Russia and China programs at the Center for European Reform in London.

Mr. Putin’s government has spent $200 billion of hard currency reserves to defend the Russian currency, the ruble. It has spent as much again in a bailout package that amounts to 15% of gross domestic product, one of the largest responses to the financial crisis in the world. Unlike China, Russia’s economy is too dependent on commodities exports and too small to play a significant role in any global recovery, says Mr. Lo.

Russia also has negligible trade with the U.S., while Chinese exports are heavily dependent on U.S. consumers and Beijing holds $2 trillion in U.S. debt, prompting a much more cautious approach towards Washington and the dollar in Beijing.

The net effect of falling oil prices and the downturn, however, has been to make Russia more vulnerable and the Kremlin weaker, analysts say. Russian officials have begun to send out more conciliatory signals to the new U.S. administration.

“We wish the new team success,” Mr Putin said Wednesday, calling on it to cooperate.

China, too, is suffering from the downturn. Many independent economists, including economists at the International Monetary Fund, question whether Beijing will be able to meet its 8% growth target this year.

Developed nations are increasingly calling for China to do more to stimulate its own economy. On Wednesday, Mr. Wen gave a detailed account of the four trillion yuan ($585 billion) investment program China announced in November. “As a big responsible country” China was actively boosting domestic, and particularly consumer demand, said Mr. Wen.

The headline sum in the program would likely be equivalent to around 3% of gross domestic product in 2009 and 2010. But even government officials aren’t promising that much of a boost to the economy. Zhang Ping, the head of the National Development and Reform Commission, in November estimated it would add about one percentage point to GDP growth this year and next.

That may have seemed like a lot at the time, but expectations for global and Chinese growth have rapidly deteriorated since then. Mr. Wen said growth slowed to 6.8% in the fourth quarter from the same period a year earlier. That’s a little more than half the 13% gain in 2007, at the height of the boom. Some economists believe China could grow by as little as 5% this year, too little to provide jobs for the graduates flooding into the labor market from Chinese universities and schools each year and a further drag on the global economy.

Less noticed in Mr. Geithner’s repetition of Mr. Obama’s campaign-trail assertion that China “manipulates” its currency last week was his argument that the long U.S.-Chinese dispute over currency didn’t matter as much as getting China to do more to boost its economic growth.

“Given the crisis the immediate focus needs to be on the broader issue of stabilizing domestic demand in China and the U.S.,” Mr. Geithner said in his written response to questions during his Senate confirmation process. “A further slowdown in China would lead to a substantial fall in world growth (and demand for U.S. exports) and delay recovery from the crisis.”

Printed in The Wall Street Journal, page A6

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, CHINA, COMMERCE, CURRENCIES, DOLLAR (USA), ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, INTERNATIONAL RELATIONS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, RUSSIA, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, USA | Leave a Comment »

U.S. FEDERAL RESERVE STRUGGLES TO REVIVE ECON GROWTH

Posted by Gilmour Poincaree on January 28, 2009

Thursday, January 29, 2009

Agence France-Presse

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

WASHINGTON, D.C.: The US Federal Reserve wraps up a two-day policy meeting Wednesday focused on new tools to revive a moribund economy that has so far failed to respond to its zero-interest rate policy.

The Federal Open Market Committee (FOMC) meeting was being held six weeks after the central bank slashed its base-lending rate to a range of zero to 0.25 percent and predicted “exceptionally low” rates to persist.

An announcement was due around 1915 GMT Wednesday.

Joseph Balestrino at Federated Investors said he expected some clues from the Fed on additional efforts to get credit flowing in the economy.

“There’s not much more the central bank can do on the monetary policy front after having lowered its target federal funds rate to a record low,” he said.

“What may be worth noting is the language the Fed uses to describe the state of an economy that, since the two-day meeting that ended December 16, appears to have worsened on most every front.”

Balestrino said Fed chairman Ben Bernanke and his colleagues “are likely to be more explicit about their plans for quantitative easing—that is, using measures such as direct injections into banks and purchases of debt securities to pump more capital into ailing institutions and the markets.”

Sacha Tihanyi, analyst at Scotia Capital, said the market expects the Fed to take further action to help fire up growth.

“With rates going nowhere for some time, the market’s focus will be on whether the Fed will be looking to buy government—or corporate—securities in the near future,” Tihanyi said.

“This is a highly controversial step and some see this as somewhat of a high-risk policy but on the other hand, it is one of the few avenues the Fed has left open to it with regard to further easing monetary conditions.”

Despite the zero-rate policy, Bernanke and others have repeatedly said the central bank is not out of ammunition to fight the crisis. But Bernanke avoided the use of the term “quantitative easing,” saying the Fed has engaged in what he called “credit easing” to spur more lending activity.

The Fed “has already done a lot and will continue to do a lot” in addition to moving on interest rates, said Nariman Behravesh, chief economist at IHS Global Insight.

The central bank has already offered exceptional aid to banks and other firms, and has been buying up mortgage-backed bonds and commercial paper to help unfreeze credit in those areas.

Analysts say this has helped somewhat but that credit markets remain under stress, with lenders and consumers skittish about taking on new risks.

Morgan Stanley economist Ted Wieseman said he expected nothing dramatic from the Fed meeting.

“Obviously rates have already been cut about as low as they can go,” he said.

“If long-end [Treasury bond] yields continue surging higher, the Fed will undoubtedly eventually step in and start buying, but such an announcement probably wouldn’t come in an FOMC statement.”

Economist Joseph LaVorgna at Deutsche Bank said the Fed might not yet be ready for direct purchases of US Treasuries.

“Even though we believe the Fed will eventually be forced to purchase Treasuries in an attempt to cap their yields we do not believe the Fed is going to announce those intentions today,” he said.

He said some members might be uncomfortable with what could be seen as a drastic step.

“Rather, we expect the Fed to repeat the ‘committee is evaluating the potential benefits of purchasing longer-term Treasury securities.’”

Scott Brown, chief economist at Raymond James & Associates, said each word of the Fed statement would be weighed and parsed carefully.

“The wording of the policy statement will signal future intentions,” he said.

“In each statement, the Fed describes its economic outlook. A darkening in that outlook would likely mean that further stimulus efforts are coming. A brighter outlook would suggest that policy will become less accommodative.”

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, DOLLAR (USA), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, TRADE DEFICIT - USA, USA | Leave a Comment »

SAN MIGUEL CORP. SELLS BEER ASSETS TO DOMESTIC BREWERY SUBSIDIARY – SAN MIGUEL CORP. (SMC) ANNOUNCED IT WOULD SHED ITS ASSETS IN THE BEER BUSINESS (Philippines)

Posted by Gilmour Poincaree on January 28, 2009

Thursday, January 29, 2009

by Chino S. Leyco – Reporter

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

AFTER creating two new wholly owned subsidiaries, Southeast Asia’s largest food and beverage firm said on Wednesday that it is selling those units to San Miguel Brewery Inc. (SMB).

In its disclosure to the Philippine Stock Exchange, SMC said its board has approved the sale of domestic beer brands, related intellectual property rights and “know-how” to SMB for P32 billion.


The SMC board also told the local bourse that the land used in the beer operations would be sold to SMB for P6.8 billion. Another parcel would be sold to SMB Retirement Plan for P239 million.

Last year, SMC formed Brewery Properties Inc. and Iconic Beverages Inc. as part of its restructuring program. Earlier this month, Kirin Holdings Co. Ltd. said it entered into exclusive negotiations with SMC to buy a 43.25-percent stake in SMB. Kirin held 27 percent of SMC at end-December last year.

With its looming investment in SMB, Kirin said this will significantly contribute to the further growth of its alcohol business in Asia and Oceania.

SMB produces beer at five manufacturing facilities in the Philippines for sale in the local market.

Last year, SMC offered 5.75 percent of its shares in its domestic brewing business in an initial public offering. In the first nine months last year, the conglomerate’s profit rose on the back of non-recurring gains from SMB’s maiden share sale.

For the same nine-month period, SMB posted a 10-percent growth in revenues to P35.2 billion, resulting in a net income improvement of 23 percent to P7 billion year-on-year.

Besides carving out its beer operations, SMC has acquired a substantial stake in the Philippines’ largest electricity distributor, Manila Electric Co. (Meralco). The conglomerate also forged an option agreement with the Ashmore Group of UK for a 50.1 percent stake in Petron Corp. Besides the power sector, SMC is also eyeing the telecom industry, by signing a joint venture with Qatar Telecom QSC for a possible foray in to wireless broadband and mobile telecoms.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

Posted in ALCOHOLIC BEVERAGES, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

OBAMA COMMITTED TO ‘GREEN’ ECONOMY (USA)

Posted by Gilmour Poincaree on January 28, 2009

Tuesday, January 27, 2009

by Xinhua

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

LOS ANGELES: The Obama administration is pushing forward with plans to aggressively limit greenhouse gas emissions PRESIDENT OF THE UNITED STATES OF AMERICA, BARACK HUSSEIN OBAMAand fight global warming, US media reported.

The plans would include a cap-and-trade initiative to limit greenhouse gases and raise the cost of pumping more carbon into the atmosphere, the Los Angeles Times said Sunday (Monday in Manila).

Under the initiative, the government would set limits on carbon emissions by power plants, factories and other installations, but allow those who emit more to buy or trade permits with companies and facilities that emitted less than the prescribed limit, according to the newspaper.

But the move would amount to a tax, raising energy costs. And several independent studies have suggested that emissions limits would only increase energy price and be a drag on economic growth, at least in the short term.

Despite such fears, the Obama government believed that a “clean energy economy” move would spur competition and promote investment in renewable alternatives to imported oil.

Two-pronged plan

The administration is expected to move forward with a two-pronged effort to stimulate renewable energy supplies and ensure demand for the megawatts they would produce, the newspaper reported.

The first part is to invest heavily in wind power, solar power and biofuels through the massive stimulus bill, while the second is to help those forms of energy compete with cheaper fossil fuels by pumping up fossil fuel costs to reflect the potential economic damage from global warming, according to the paper.

“If we don’t put a price on carbon,” said Democratic Senator Barbara Boxer, chairman of the Environment and Public Works Committee. “We’ll never get these clean energy sources on line.”

Instead of dragging the economy, the plan to limit greenhouse emissions would stimulate the economy and “allow polluters to transition from a high-polluting environment to a low-polluting environment,” said Andy Stevenson, a former hedge fund manager who is now a finance advisor for the Natural Resources Defense Council in New York City.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)

Posted in AEOLIC, AGRICULTURE, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), BIODIESEL, BIOFUELS, COMMERCE, COMMODITIES MARKET, ECOLOGICAL AGRICULTURE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, ETHANOL, FINANCIAL CRISIS - USA - 2008/2009, GLOBAL WARMING, HEALTH SAFETY, HYDROELECTRIC ENERGY, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATURAL GAS, POLLUTION, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, USA | Leave a Comment »

CACIQUES ELOGIAM GOVERNO, MAS COBRAM INVESTIMENTOS (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

Segunda-feira, 26 de Janeiro de 2009 14:30

por Fernanda Mathias e Paulo Fernandes

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

Posted in A PRESIDÊNCIA, A QUESTÃO AGRÁRIA, A QUESTÃO ÉTNICA, BRASIL, CIDADANIA, COMBATE À DESIGUALDADE E À EXCLUSÃO - BRASIL, DESENVOLVIMENTO SUSTENTÁVEL, DIREITOS HUMANOS - BRASIL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO AGRÍCOLA, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FLUXO DE CAPITAIS, INTERNATIONAL, LUIS INÁCIO LULA DA SILVA, NATIVE PEOPLES, O MOVIMENTO DOS POVOS NATIVOS, O PODER EXECUTIVO FEDERAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

PARA ENFRENTAR CRISE, CMC APOSTA EM AÇÕES COM GOVERNO (Brazil)

Posted by Gilmour Poincaree on January 27, 2009

Segunda-feira, 26 de Janeiro de 2009 21:34

por João Humberto

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CAMPO GRANDE NEWS’ (Brazil)

Posted in BRASIL, COMMERCE, COMMODITIES MARKET, DESENVOLVIMENTO SUSTENTÁVEL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO AGRÍCOLA, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FLUXO DE CAPITAIS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, O PODER EXECUTIVO ESTADUAL, O PODER EXECUTIVO FEDERAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS | Leave a Comment »

GRUPO ÁGUAS DO BRASIL ASSUME OFICIALMENTE CONTROLE DA COMPANHIA DE ÁGUAS E ESGOTO DE NOVA FRIBURGO (Brazil)

Posted by Gilmour Poincaree on January 26, 2009

26/01/2009

A Voz da Serra

PUBLISHED BY ‘A VOZ DA SERRA’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘A VOZ DA SERRA’

Posted in BANKING SYSTEMS, BRASIL, CIDADES, COMÉRCIO - BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, FUSÕES E/OU INCORPORAÇÕES EMPRESARIAIS, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INFRAESTRUTURA - BRASIL, INTERNATIONAL, O PODER EXECUTIVO MUNICIPAL, ORÇAMENTO MUNICIPAL, OS PREFEITOS, POLÍTICA REGIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SANEAMENTO BÁSICO, THE FLOW OF INVESTMENTS, VEREADORES, WATER | Leave a Comment »

BOLIVIANS APPROVE NEW CONSTITUTION

Posted by Gilmour Poincaree on January 26, 2009

Sunday, January 25, 2009

by Tyler Bridges – McClatchy Newspapers

PUBLISHED BY ‘McCLATHY NEWSPAPERS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘McCLATHY NEWSPAPERS’ (USA)

Posted in BOLIVIA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, HUMAN RIGHTS, INTERNATIONAL, NATIVE PEOPLES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS | Leave a Comment »

FREE TRADE BEST HOPE OF GETTING THROUGH (New Zealand)

Posted by Gilmour Poincaree on January 26, 2009

4:00AM Monday Jan 26, 2009

by Owen Hembry

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

U.S. BUSINESS CLIMATE WORST IN 27 YRS

Posted by Gilmour Poincaree on January 26, 2009

13:17:00 01/26/2009

by Lucia Mutikani – Reuters

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, CRIMINAL FOREIGN POLICIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FOREIGN POLICIES - USA, FRAUD, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TERRORISM, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR CRIMES, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

SMC-ALLIED GROUP BUYS 7% OF MERALCO – BOARD CHANGES SEEN MONDAY – (Philippines)

Posted by Gilmour Poincaree on January 26, 2009

20:54:00 01/25/2009

by Doris Dumlao and Elizabeth Sanchez-Lacson – Philippine Daily Inquirer

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

$90M HOLE IN POLICE IT ARM (Australia)

Posted by Gilmour Poincaree on January 26, 2009

January 26, 2009

by Rick Wallace and Gary Hughes

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AUSTRALIA, CORRUPTION, CRIMINAL ACTIVITIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE ARMS INDUSTRY, THE FLOW OF INVESTMENTS | Leave a Comment »

BOLIVIA CONSTITUTION WOULD EMPOWER INDIAN MAJORITY

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

Dan Keane – The Associated Press

PUBLISHED BY ‘THE PHILADELPHIA DAILY & INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA DAILY & INQUIRER’ (USA)

Posted in BOLIVIA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INTERNATIONAL, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR | Leave a Comment »

ANALYSIS: HARD TIMES HELP GEITHNER’S TREASURY BID

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, THE WORK MARKET, TRADE DEFICIT - USA, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

COLOMBIA, VENEZUELA FORM $200M FUND TO BOOST TRADE

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in BANKING SYSTEMS, CENTRAL BANKS, COLOMBIA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, VENEZUELA | Leave a Comment »

NORWAY TO UNVEIL MEASURES TO BOOST BANKING SECTOR

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, NORWAY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR | Leave a Comment »

GOVT TO MAKE GREATER USE OF REMOTE ISLES – POLICY AIMS AT BOOSTING EEZ CLAIM (Japan)

Posted by Gilmour Poincaree on January 25, 2009

Jan. 25, 2009

The Yomiuri Shimbun

PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)

Posted in COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

MSDF DISPATCH WILL CAUSE WAVES – COULD ANTIPIRACY OPERATIONS BE COMPROMISED BY LEGAL DIFFICULTIES ?

Posted by Gilmour Poincaree on January 25, 2009

Jan. 26, 2009

The Yomiuri Shimbun

PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DAILY YOMIURI’ (Japan)

Posted in BANKING SYSTEMS, CARGO PIRACY, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, JUDICIARY SYSTEMS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

IT’S TIME TO UNRAVEL A FINANCIAL KNOT (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sunday, January 25, 2009 at 4:23 a.m.

by Gretchen Morgenson – The New York Times

PUBLISHED BY ‘THE PRESS DEMOCRAT’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PRESS DEMOCRAT’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

HOW ABOUT A BAD BANK FOR DAMAGED ASSETS ? (USA)

Posted by Gilmour Poincaree on January 25, 2009

Sun, Jan. 25, 2009

by Joseph N. DiStefano

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

STATE GUNNING FOR GREEDY CARTELS (South Africa)

Posted by Gilmour Poincaree on January 25, 2009

January 24 2009 at 03:16PM

by Melanie Peters

PUBLISHED BY ‘THE INDEPENDENT ONLINE’ (South Africa)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INDEPENDENT ONLINE’ (South Africa)

Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SOUTH AFRICA | Leave a Comment »

PSEi RISES 2.68% – ASIAN STOCKS RALLY AFTER STEEP FED RATE CUT

Posted by Gilmour Poincaree on January 25, 2009

JANUARY 24, 2008

Malaya

PUBLISHED BY ‘MALAYA’ (Philippines)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘MALAYA’ (Philippines)

Posted in CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

SPAIN’S JOBS CRISIS LEAVES IMMIGRANTS OUT OF WORK – WITH PROSPECTS WORSE ELSEWHERE – FEW TAKERS FOR GOVERNMENT CAMPAIGN OFFERING TO PAY LEGAL FOREIGNERS WHO RETURN HOME (Spain)

Posted by Gilmour Poincaree on January 25, 2009

JANUARY 24, 2009

by Alan M. Wolf – Staff Writer

PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE WALL STREET JOURNAL’ (USA)

Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, SPAIN, THE FLOW OF INVESTMENTS, THE WORK MARKET, UNEMPLOYMENT | 1 Comment »

OBAMA’S ECONOMIC PLAN MEETS GOP PUSHBACK – PRESIDENT SHOWS BIPARTISANSHIP HAS CLEAR LIMITS; ‘I WON. I TRUMP YOU,’ HE TELLS GOP (USA)

Posted by Gilmour Poincaree on January 24, 2009

Jan. 23, 2009

by Jake Tapper, Rick Klein and Jonathan Karl

PUBLISHED BY ‘ABC NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ABC NEWS’ (USA)

Posted in AL QAEDA, BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FOREIGN POLICIES - USA, FOREIGN WORK FORCE - LEGAL, HEALTH CARE - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, NATIONAL WORK FORCES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, THE WORK MARKET, THE WORKERS, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

BANK OF JAPAN SET TO BUY CORPORATE BONDS

Posted by Gilmour Poincaree on January 23, 2009

Friday, January 23, 2009

AGENCIES

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

ASIAN MARKETS BOUNCE HIGHER AS BANK OF JAPAN TO EASE LIQUIDITY

Posted by Gilmour Poincaree on January 23, 2009

22 Jan 2009 – 05:28 AM ET

CNBC.com

PUBLISHED BY ‘CNBC’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CNBC’

Posted in ASIA, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

SWEDISH CRISIS ADVICE: BITE THE BULLET ON BANKS – THE SWEDES, WHO PULLED OFF A RAPID RECOVERY FROM THEIR OWN BANKING CRISIS IN THE EARLY 1990S, HAVE A SIMPLE MESSAGE FOR THEIR AMERICAN COLLEAGUES: BITE THE BULLET ON NATIONALIZATION

Posted by Gilmour Poincaree on January 23, 2009

January 23, 2009

by Carter Dougherty

PUBLISHED BY ‘INTERNATIONAL HERALD TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SWEDEN, THE FLOW OF INVESTMENTS | Leave a Comment »

OBAMA FIRMA LA ORDEN DE CLAUSURA DE GUANTÁNAMO (USA)

Posted by Gilmour Poincaree on January 22, 2009

22.01.09 – 21:50

Diario Vasco – AGENCIAS – WASHINGTON

PUBLISHED BY ‘DIARIO VASCO’ (Basque Country)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘DIARIO VASCO’ (Basque Country)

Posted in AL QAEDA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INTERNATIONAL RELATIONS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

NEVES WRAPS UP VISIT TO CUBA WITH MEETING WITH RAUL CASTRO (Cape Verde and Cuba)

Posted by Gilmour Poincaree on January 22, 2009

20-01-09

A Semana

PUBLISHED BY ‘A SEMANA’ (Cape Verde)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘A SEMANA’ (Cape Verde)

Posted in AGRICULTURE, BIODIESEL, BIOFUELS, CAPE VERDE, COMMERCE, COMMODITIES MARKET, CUBA, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, VEGETABLE OILS | Leave a Comment »

NATIONAL TELECOMMUNICATIONS COMMISSION (NTC) UNDER FIRE AFTER WAVERING ON TELCO RULES (Philippines)

Posted by Gilmour Poincaree on January 22, 2009

01/22/2009

The Daily Tribune

PUBLISHED BY ‘THE PHILIPPINE DAILY TRIBUNE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY TRIBUNE’

Posted in COMMODITIES MARKET, COMMUNICATION INDUSTRIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | 2 Comments »

ECOLOGISTS WARN THE PLANET IS RUNNING SHORT OF WATER

Posted by Gilmour Poincaree on January 22, 2009

January 22, 2009

by Leo Lewis in Tokyo

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, WATER | Leave a Comment »

OBAMA NAMES TWO INDIAN-AMERICANS (NEAL KUMAR KATYAL AND PREETA BANSAL) TO KEY POSTS

Posted by Gilmour Poincaree on January 22, 2009

21 Jan 2009, 0120 hrs IST

IANS

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, HOUSING CRISIS - USA, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE PRESIDENCY - USA, USA | Leave a Comment »

INVEST C$400,000 FOR 5 YEARS & BE A PERMANENT CANADIAN RESIDENT

Posted by Gilmour Poincaree on January 22, 2009

21 Jan 2009, 2103 hrs IST

by Ishani Duttagupta – ET Bureau

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in CANADA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

A WORLD OF FINANCIAL FREELOADERS

Posted by Gilmour Poincaree on January 21, 2009

Jan 22, 2009

by The Mogambo Guru

PUBLISHED BY ‘THE ASIA TIMES’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ASIA TIMES’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

CHINA’S MILITARY AWAITS NEW SATELLITES

Posted by Gilmour Poincaree on January 21, 2009

Jan 22, 2009

Peter J Brown

PUBLISHED BY ‘THE ASIA TIMES’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ASIA TIMES’ (China – Hong Kong)

Posted in CHINA, COMMUNICATION INDUSTRIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, MILITARY CONTRACTS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

WILL THERE BE A NEW WORLD FINANCIAL ORDER? (Malaysia)

Posted by Gilmour Poincaree on January 21, 2009

Wednesday January 21, 2009

The Real Matter With Pankaj Kumar – The Star

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MALAYSIA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR | Leave a Comment »

GLOBAL MALAISE UNNERVES CANADA’S BANKS

Posted by Gilmour Poincaree on January 21, 2009

January 20, 2009 at 8:15 PM EST

by Tara Perkins

PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)

Posted in BANKING SYSTEMS, CANADA, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

WHY THIS CONTAGION WILL BE WITH US FOR YEARS TO COME

Posted by Gilmour Poincaree on January 21, 2009

January 20, 2009

by John Heinzl

PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)

Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »

THE NUMBERS ARE HORRIFYING (USA)

Posted by Gilmour Poincaree on January 20, 2009

Jan. 26, 2009

Mohamed A. El-Erian

PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)

NEWSWEEK – Jan. 26, 2009

GLOBAL INVESTOR

By Mohamed A. El-Erian

THE NUMBERS ARE HORRIFYING

On Tuesday, President-elect Barack Obama inherits an economic calamity, and the situation will get worse in the first few months of his presidency regardless of what he does. How quickly it improves thereafter is not just a matter of which policies he decides to pursue; importantly, it is also a function of how he pursues them. Investors need to pay close attention lest they experience yet another challenging and, in some cases, devastating year.

No one should doubt that we are still in the midst of a historic economic crisis. Having incurred massive losses, individuals and companies around the world are, not surprisingly, saving more—some by choice as they attempt to restore balance to their finances and others by necessity as their credit lines are cut by beleaguered lenders. As detailed elsewhere in this edition of NEWSWEEK, the world has entered an Age of Thrift. Less spending by individuals will mean even lower demand, and the production of goods and services will be cut, again.

The latest economic data vividly illustrate the self-fulfilling nature of this global phenomenon. The numbers are horrifying, and increasingly so. There’s been a violent collapse in industrial production in Europe; the latest monthly data now show annual contractions of 17 percent in Spain, 13 percent in the U.K., 9 percent in France and Italy, and 6 percent in Germany. Emerging economies are now on the same course, with contractions of 9 percent in Russia and 4 percent in Brazil.

At the same time, the labor market is deteriorating dramatically in both Europe and America. The United States has now registered 12 consecutive months of job losses, including more than half a million in December, bringing the 2008 total to 2.6 million—a level not seen for more than 60 years. The crisis continues to catch people by surprise, suggesting that too few people sufficiently understand its dynamics. The U.S. Commerce Department reports that December retail sales declined at more than twice the rate expected by most forecasters, and further extended the record for consecutive monthly declines, now six .and counting. President elect Obama faces the prospect of more corporate defaults, pension losses and personal bankruptcies in the coming months. Fortunately, he has already shown that he has a good understanding of the need for an aggressive fiscal stimulus, and Congress seems to be onboard.

Without massive public stimulus, there is little chance of countering the highly disruptive consequences of a too sudden and too prolonged ascent of the Age of Thrift.

Yet there is a risk that this consensus could break down in quibbling over the details. Specifically, we should stop the bickering over whether to cut taxes or raise spending. Both are required. The tax cuts should work mainly through employment channels, including a cut in the payroll tax as this will directly help employment and limit the fall in consumption. Government spending should focus on sectors that will quickly raise resource productivity, like infrastructure, which helps lower production costs, and social services, which raise human productivity overtime.

Obama also needs to step up efforts to alleviate the credit crunch. This is not about an immediate recovery in the banking system. It won’t happen. The sector is too damaged to act as a conduit of funds to the general economy. Instead, the government must come up with more imaginative ways to provide direct financing, particularly for mortgages and some areas of consumer finance.

Obama’s economic appointments suggest that he understands how important it will be to get the design and implementation of these policies right. The highly capable Larry Summers and Tim Geithner should focus on coming up with a master plan to lead the country out of the crisis. This will ensure that the immediate measures implemented are consistent over time with a resumption of economic growth and rising productivity.

Managing expectations is also more important than ever. In his remarks on the financial crisis in November and December, Obama came across as informed, committed and careful not to over-promise. Yet his efforts have been largely negated by recent talk out of Washington of regulatory clampdowns, potential abrogation of property rights and other non-market solutions. The president-elect will have to step up quickly to the challenge of consistently better communication if he is to instill the confidence that is critical for a meaningful economic turn later this year.

Finally, Obama should signal clearly that he knows a global dislocation requires a global response. What was a U.S. financial crisis has morphed into a challenge to the international market system. An effective solution will not materialize unless the United States takes a policy leadership role on the global stage. It’s a role no other country can credibly play. With Obama as president, the world is exceptionally welcoming to U.S. leadership. He must seize this opportunity for the economic good of America, and the world.

ELERIAN is CEO and co-CIO of PIMCO and author of “When Markets Collide: Investment Strategies for the Age of Global Economic Change,” winner of the 2008 FT/Goldman Sachs business book of the year award.

PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)

Posted in AGRICULTURE, BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FARMING SUBSIDIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »

A FABLE IN THE FOLLY – AS A LEADER SEEKS TO BECOME A LEGEND – AS A CARD-CARRYING MEMBER OF THE VAST RIGHT-WING CONSPIRACY, I HAVE A SPECIAL INAUGURATION DAY MESSAGE FOR MY FELLOW CONSERVATIVES: SHUT UP

Posted by Gilmour Poincaree on January 20, 2009

Tuesday, January 20, 2009

by Michael Graham

PUBLISHED BY ‘THE BOSTON HERALD’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON HERALD’ (USA)

Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, USA HUMOR | Leave a Comment »

BANKS GET £1TRILLION BAILOUT… BUT RBS SHARES STILL PLUNGE 70% IN FRESH CITY BLOODBATH – FRESH FEARS FOR THE BANKS AS LLOYDS SHARES NOW PLUNGE 40% – LLOYDS SHARES PLUNGE 40% ON TOP OF MONDAY’S 35% DROP – RBS SHARES CLAW BACK GROUND, UP 23% IN EARLY TRADING (UK)

Posted by Gilmour Poincaree on January 20, 2009

11:35 AM on 20th January 2009

by Benedict Brogan and Becky Barrow

PUBLISHED BY ‘THE DAILY MAIL’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE DAILY MAIL’ (UK)

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, UNITED KINGDOM | 1 Comment »

AFTER PLANNED KIRIN SALE, SAN MIGUEL EYES MORE UTILITIES (Philippines)

Posted by Gilmour Poincaree on January 20, 2009

12:46:00 01/20/2009

Agence France-Presse

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’

Posted in ALCOHOLIC BEVERAGES, BANKING SYSTEMS, BEVERAGES, COAL, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MINING INDUSTRIES, PHILIPPINES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

MAINLAND STOCKS END UP ON HOPES FOR STIMULUS MEASURES (China)

Posted by Gilmour Poincaree on January 20, 2009

1/20/2009 2:40:00 AM

Agence France-Presse

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

S&P STRIPS SPAIN OF ITS AAA CREDIT RATING

Posted by Gilmour Poincaree on January 20, 2009

January 19, 2009

Bloomberg News

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)

Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SPAIN, THE FLOW OF INVESTMENTS | Leave a Comment »

LI SET TO CLINCH PCCW DEAL (China)

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CHINA, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

CHINA MUST ACT NOW: WEN

Posted by Gilmour Poincaree on January 20, 2009

20/01/2009

The Finance Standard

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in BANKING SYSTEMS, CENTRAL BANKS, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »

TATA INCREASES SHAREHOLDING IN NEOTEL (South Africa)

Posted by Gilmour Poincaree on January 19, 2009

19 January 2009

Sapa

PUBLISHED BY ‘BUSINESS DAY’ (South Africa)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BUSINESS DAY’ (South Africa)

Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, COMMUNICATION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, SOUTH AFRICA, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

FALSE ECONOMY (South Africa)

Posted by Gilmour Poincaree on January 19, 2009

19 January 2009

Business Day

PUBLISHED BY ‘BUSINESS DAY’ (South Africa)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BUSINESS DAY’ (South Africa)

Posted in AEOLIC, BANKING SYSTEMS, COAL, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, MINING INDUSTRIES, POLLUTION, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SOUTH AFRICA, THE FLOW OF INVESTMENTS | Leave a Comment »

THE NEW DEAL WASN’T BUILT IN A DAY (USA)

Posted by Gilmour Poincaree on January 19, 2009

January 19, 2009

by Philip Warburg

PUBLISHED BY ‘THE BOSTON GLOBE’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BOSTON GLOBE’

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

BRITAIN DIGS DEEP TO KEEP BAILING OUT ITS BANKS – BRITAIN IS BAILING OUT ITS BANKS … AGAIN

Posted by Gilmour Poincaree on January 19, 2009

1:43PM Monday Jan 19, 2009

Associated Press

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, UNITED KINGDOM | Leave a Comment »

U.K. SMARTER THAN U.S.

Posted by Gilmour Poincaree on January 19, 2009

January 18, 3:50 PM

by Scott R. Gingold – Business News Examiner

PUBLISHED BY ‘THE EXAMINER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE EXAMINER’ (USA)

Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INTERNATIONAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, UNITED KINGDOM, USA | Leave a Comment »