2007年12月7日星期五

"Currency War": Shocks everybody opinion

Was looking this this quite receives the book which disputed,yesterday looked at the first four chapters, after looked felt is aword: Shocks. A very long book has not been able to take to me likethis shocking, down to I a morning all somewhat am in trance today:Thinks oneself, even entire world all is by the bankers, even is afamily plays with in the stock palm. That kind of feeling really is agrief and indignation which cannot say. Thought what meaning theperson diligently does have, the work is not others' tool? But theafternoon 回过神来 thought viewpoint, more and more thinks not notrightly: Also did not say author's conclusion is the process has thechoice the fact and own inference obtains, even if author's conclusionis possible in at the beginning of the Buddhist ritual procedurescurrency birth to be correct. But on now society's polytropism and thetransparency, where has a family or how many people can controlAmerican and Europe's economy? The banker no doubt has the verytremendous influence, has very many privileges, how many people butabsolutely doesn't have formidable to be allowed to decide a nationalto the economy and the political situation, moreover if the economyand the society back up, chaotic is unable to withstand, calculatedthe banker has seized social all currencies, what advantage do theyhave can enjoy to, they live can very?But brings the critique judgement to look, this book or can developmany fields of vision and the mentality, in particular regarding mythis kind of layman. I intuition is the finance has the formidableinfluence to social and the economical development, but to thecurrency, the financial long and short of the story, how affects, isalways a chaos concept. But "Currency War" this book at least was letsme to currency function way concept clearer. Moreover this book futurethe financial risk police world function or will be worth Chinesegovernment and people to China prudently treating, although he willproduce the return 金本位 currency method I this layman alsothought will be indulges in fantasy. Moreover, this book writingtechnique or quite splendid and fascinating, although belongsaccording to the textual research actually major part contentplagiarizes and translates the others to have the content. This kindof behavior is I deep deeply despises."Currency War" may bring the critique judgement to read. My feeling isfirst is the author is winning favor by ostentation!

Government to keep CPI in check

China's consumer prices face greater pressure, but a prudent fiscal policy and tight monetary measures would help head off any serious inflation, the nation's top economic planner said yesterday.
The Central Economic Work Conference said the country will monitor price movements and prevent them from spiraling out of control.
"Major triggers for inflation will still exist in 2007, including domestic food price hikes and rising commodities prices in overseas markets," the National Development and Reform Commission (NDRC) said in a statement.
China will encourage production of life necessities such as grain, edible oil and meat to stabilize the prices and curb inflation, the economic conference heard.
Food prices, which gained 11.3 percent in the first 10 months, is said to be the major cause of the country's "structural inflation". According to NDRC, food price rises accounted for 84 percent of the nation's consumer price gains in the first 10 months.
China's consumer price index (CPI), the barometer for inflation, gained 6.5 percent year-on-year in October, matching the 10-year record in August.
The index is expected to grow 4.5 percent this year, according to the Chinese Academy of Social Sciences, much higher than the 3 percent target set by the central bank early this year. The government think tank said the top priority for China's macroeconomic controllers next year is to ease inflationary pressure and stabilize price levels.
International factors such as soaring oil and corn prices on the world market would also be felt in China next year, NDRC said.
High oil prices and a weakening US dollar have resulted in inflation globally, causing the CPI to rise 10.8 percent in Russia, 6.7 percent in India and 3.5 percent in the US, according to NDRC.
The top economic planner also said the government's decision to adjust the pricing mechanism for energy products would also add to inflation pressure.
China has drafted its first energy law, trying to introduce a market-led pricing mechanism for its energy sector.
The new mechanism is expected to bring prices of domestic energy products largely in line with that on the overseas market, so as to price out those low-efficiency energy consumers.
"The central government has decided to take prudent fiscal and tight monetary policies to rein in investment and curb inflation," NDRC said, adding these moves might lead consumer prices to fall next year.
Yu Yongding, former member of the monetary policy committee of the central bank, said earlier that the CPI gains had sent a clear signal for tight monetary policies, as a 4 percent CPI growth was the upper limit for the economy to afford, according to the Xinhua News Agency.

2007年12月6日星期四

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APStocks Rally on Strong Economic DataWednesday December 5, 5:42 pm ET By Joe Bel Bruno, AP Business Writer Stocks Soar As Investors Grow More Optimistic About Economy, Upcoming Interest Rate Cut
NEW YORK (AP) -- Wall Street resumed its rally Wednesday after new data showed the overall economy is holding up but isn't too strong to prevent the Federal Reserve from cutting interest rates. The Dow Jones industrial average rose nearly 200 points.ADVERTISEMENT Stocks turned around following two sessions of losses after a report showed hiring in the U.S. private sector expanded at a faster pace in November. ADP Employer Services said 189,000 jobs were added during the month -- an increase that bodes well for consumer spending.
The report raised hopes for a strong November jobs report from the Labor Department on Friday. Investors were also encouraged Wednesday after the department reported worker productivity advanced by an annual rate of 6.3 percent in the summer, the fastest pace in four years, while wage pressures eased.
"The best news for the market is good news on the economy," said Jack Ablin, chief investment officer at Harris Private Bank. "There might be a general malaise among homeowners these days, but as long as more people are getting paychecks then the economy can withstand the stress."
Still, there is enough uncertainty in the economy to bolster the argument for lower rates. The financial sector is still struggling from months of credit problems, and the Institute for Supply Management reported Wednesday that service sector growth slowed in November.
Some investors are betting the Fed will go beyond the generally anticipated quarter percentage point cut, and lower rates by a half point. A mere quarter-point cut could bring some disappointment to Wall Street, but as long as the Fed reiterates an openness to lower rates further in its accompanying economic assessment, the market should move higher, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.
"We could see a nice December here," Detrick said.
The Dow rose 196.23, or 1.48 percent, to 13,444.96, resuming the big recovery it launched last week following a mostly dismal November.
The blue chip index got an extra boost from component American International Group Inc., which said that although it's expecting a hefty portfolio writedown in the fourth quarter, the ongoing mortgage crisis is manageable. AIG rose $2.70, or 4.9 percent, to $58.15.
Broader indexes also moved higher. The Standard & Poor's 500 index added 22.22, or 1.52 percent, to 1,485.01, while the Nasdaq composite index rose 46.53, or 1.78 percent, to 2,666.36.
Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.95 percent from 3.90 percent late Tuesday. The dollar rose, and gold prices fell.
The market is currently pricing in a rate cut next week, Ablin said. Supporting the case for a cut is that central banks globally seem to be open to the idea, a trend that would give the Fed even more room to move.
The Bank of Canada cut rates Tuesday, while the Bank of England and European Central Bank will make rate decisions Thursday.
Investors also weighed a Commerce Department report that showed factory orders unexpectedly rose in October. However, that data was likely offset by a report from the Institute for Supply Management showing growth in the service sector cooled somewhat in November.
Wednesday's advance was fed by investors betting that the Fed might be generous and cut rates a half percentage point, or, in market lingo, 50 basis points.
"I do believe the market wants 50, that the Fed needs to do a lot more work, and that a quarter is not going to do it," said Greg Church, chief investment officer of Church Capital Management.
A resumption of the downtrend in oil prices also contributed to the gains on Wall Street. OPEC decided Wednesday to keep production steady but set a new meeting for Feb. 1 to raise output if prices rise. Meanwhile, the government reported that U.S. oil supplies fell steeply last week while gasoline stockpiles rose, both by greater margins than analysts had expected.
Light, sweet crude fell 83 cents to settle at $87.49 a barrel on the New York Mercantile Exchange.
Fannie Mae shares rose 95 cents, or 2.7 percent, to $36.13 after it followed rival mortgage financer Freddie Mac in cutting its dividend and selling special stock to raise capital. The government-sponsored lender hopes to cushion against mounting losses from high-risk home loans. Freddie rose $2.36, or 7.3 percent, to $34.67.
Technology stocks broadly advanced after Intel Corp.'s stock was upgraded on expectations the personal computer market will be strong next year. Shares added 91 cents, or 3.5 percent, to $27.22.
The Russell 2000 index of smaller companies rose 13.58, or 1.81 percent, to 765.64.
Advancing issues led decliners by a nearly 3 to 1 basis on the New York Stock Exchange. Consolidated volume came to 3.55 billion shares, up from 3.22 billion Tuesday.
Overseas, Japan's Nikkei stock average closed up 0.83 percent, while Hong Kong's Hang Seng index rose 1.61 percent. Britain's FTSE 100 closed up 2.83 percent, Germany's DAX index rose 1.74 percent, and France's CAC-40 increased 2.02 percent.
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Groups Want Uniform Fuel Economy Rules

APGroups Want Uniform Fuel Economy RulesWednesday December 5, 6:47 pm ET By Ken Thomas, Associated Press Writer
Industry Groups Want Consistency Between EPA's Emissions Standards, NHTSA's Fuel Economy Rules
WASHINGTON (AP) -- Industry groups are pressing House Speaker Nancy Pelosi to create consistent rules for new fuel efficiency standards being considered by Congress, a move that could conflict with aggressive requirements being pushed by California.
Automakers and their allies in Congress have pushed for the energy bill to clarify the authority of two federal agencies that regulate emissions and gas-mileage standards.
Pelosi rejected attempts by Rep. John Dingell, D-Mich., to include a provision that would ensure that any regulations by the Environmental Protection Agency and the National Highway Traffic Safety Administration be consistent and not create conflicts that would be difficult for the auto industry to meet.
In a letter Wednesday to Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., eight trade groups said the bill should require the EPA and NHTSA to "work together to establish a single national fuel economy standard as established by Congress."
"If this issue is not addressed in this legislation, it is likely to cause great confusion, complicating and delaying the work of the agencies charged with implementing this bill," the industry groups wrote.
The trade groups included the U.S. Chamber of Commerce, American Petroleum Institute, National Petrochemical and Refiners Association, and the National Association of Manufacturers, which is led by former Michigan Gov. John Engler.
Pelosi spokesman Drew Hammill said her office had received the letter and was reviewing it. Dingell, who leads the House Energy and Commerce Committee, told reporters Saturday that he planned to examine the EPA-NHTSA consistency issue in his committee.
Environmental groups have raised concerns that a combined approach would prevent California from moving forward with its strict tailpipe emissions standards, which would require automakers to build vehicles that produce 30 percent less greenhouse gases by 2016. More than a dozen other states have vowed to adopt them.
California can't enforce the tailpipe rules for cars sold in the state until it gets a waiver from the EPA exempting it from national greenhouse gas pollution standards set under the federal Clean Air Act. The state can set its own vehicle pollution standards because it started regulating air pollution before the EPA's creation.
The EPA is expected to make a decision on the waiver before the end of the year and is drafting new regulations in response to a Supreme Court ruling in April that said the agency could regulate vehicle tailpipe emissions.
NHTSA was given the enforcement authority of fuel economy standards when the law was created in 1975, so automakers have cautioned they may be forced to comply with two different standards.

Traditional culture and language teaching "research plan-2

2nd, carries out the richly colorful activity, advancement cultureessence inheriting.Various grades act according to student's reality, carries out eacheffective activity. A semester determined a central task, accumulatesover a long period of time, down to student's makings change. If thejunior middle school may be the class first 35 minutes explains asmall story in turn by the student, may be the famous expert 轶heard, the ancient times pursued a goal with determination theclassical story and so on; Also may be every day a famous sayingaphorism, writes in turn by the student in blackboard some side; Alsomay specially carry on the introduction on the idiom story, knows inthe Chinese culture this rare and beautiful flowers... ... But thehigh school various grades may each week arrange a time of activity,either introduction ancient civilization celebrity's thought and itsrelated famous phrase, either introduces an outstanding work, eitherin introduction classical poetry some image cultural connotation andcorrelation verse, either synopsis classical poetry skillconnoisseurship, either some poet style appreciation... ... Theseactivities already may lecture by the student, also may lecture byteacher, fixes in each week some time, forms the custom.3rd, union school Youth Corps Committee, develops in the entire schoolscope brings honor to the traditional outstanding culture the richlycolorful activity. General semester two.Debates the match: Now society, fast-food culture and classicsreading, 孰轻孰重?Article competition: I and the famous expert/famous work have anappointmentThe poetry recites the big gameThe classical plays performance (may be the idiom, the fablestory reorganization, may be the textbook play, but also may be thelengthy classics some section of plots performance... ...Holds the calligraphy big game, initiates the Chinese writing artinheritanceSets up the film week activity, organizes the student to watchthe partial outstanding movies in the multimedia classroom4th, the language group organization sets up the traditionalculture course, a semester □ gauze Wei □Take the course as a platform, raises student's readingconnoisseurship level, stimulates them to the classical novel, thepoetry and so on the study interest.If four big classical famous works search micro, pounds the clothes,砧 image and so on sound, bird, floating clouds in the poetrysymbolic significance, the classical poetry at the beginning ofcategory knows, modern writer's cultural customs handed down from thepast and so on.