Economic Market System

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ClearPoint Business Resources, Inc. Announces 2006 Fourth Quarter ...

CHALFONT, Pa., April 5 /PRNewswire-FirstCall/ -- ClearPoint Business Resources, Inc. ("ClearPoint" or the "Company") CPBR, a workforce management solutions provider, today announced financial results for the year ended December 31, 2006. The financial results for ClearPoint Resources are not pro forma for the merger with Terra Nova, which was consummated on February 12, 2007. On February 9, 2007 Terra Nova filed its Form 10-KSB for the year ended December 31, 2006.

2006 Fiscal Year Highlights:

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NEDAB Taps Schwer for Research and Development

LAS VEGAS, NV -- (MARKET WIRE) -- 03/13/07 -- The Nevada Economic Development Advisory Board (NEDAB) announced that R. Keith Schwer, Ph.D., Director of UNLV's Center for Business and Economic Research, has agreed to lead the NEDAB's research and development efforts. An important component of Dr. Schwer's research for NEDAB will involve gathering securities statistics for the state of Nevada, information that will help NEDAB reach its goal of diversified economic growth through capital markets participation.

"Our goal is to capture performance metrics on an ongoing basis so that we can track the effectiveness of Nevada's capital market awareness campaigns and how this correlates with company growth and overall economic growth for Nevada," said NEDAB spokesperson Robert Uithoven.


Experts See Dire Poverty In East Asia Cut Sharply By 2020, New ...

“Absolute poverty in East Asia could be largely eliminated by 2020, allowing the world's most populous region to enter its next stage of development, a panel of experts appointed by the Asian Development Bank (ADB) said Monday.

As Asia develops, the bank also needs to shift its focus from fighting poverty to supporting higher and more inclusive growth, according to [the Eminent Persons 2020 vision for Asia] report prepared by the experts for ADB President Haruhiko Kuroda… Its current focus of transferring ‘capital surplus' from rich countries to poor ‘will no longer be central in a region that itself has a capital surplus,' the report said." [The Associated Press (04/02)/Factiva]

AFX Asia says that “…A special panel of eminent persons headed by Supachai Panitchpakdi, Secretary General of the UN Conference on Trade and Development, was set up last year to examine the trends and challenges facing the region and how these will impact on the Manila-based bank's future..." [AFX Asia (Hong Kong, 04/02)/Factiva]

Dow Jones writes that “…Between 1990 and 2004, the rate of absolute poverty - income of less than $1 a day - declined from 29 percent to 8 percent in developing East Asia, according to the latest World Bank study cited in the report.


Cement this deal

Perhaps liberal economic commentators are missing a point about the North Block versus cement industry battle: it is doing some good, too. Witness how summarily the ministry has abolished countervailing duty and special additional duty on cement. This is a blow on behalf of an open economy, and of those advocating less protection and more efficiency. Good going: how we wish other industries would get into similar spats with the ministry in these times of official panic over inflation. If auto makers provoke the government, perhaps import duties will come down. No doubt, European trade negotiators would hope that IMFL and Indian wine producers take a few mis-steps and are forced to adjust to sharp cuts in import duties. Of course, classical liberal economics suggests that duties be rationalised across the board with nothing but economic and revenue efficiencies in mind.


European Equities And Currency Prepare For Weakening Business ...

Looking forward to a rather busy week from the German economic calendar, Tuesday's IFO report will kick things off on a strong note. Along with the GfK consumer and ZEW surveys, the IFO sentiment indicator has grown in prominence in recent months as traders and economists look for the timeliest gauges for gathering their bearings on first quarter growth. Though leading indicators have always been of value to financial markets and academics, their importance in Germany has intensified since the government decided to hike the value added tax from 16 to 19 percent. Optimists have attached themselves to the idea that strong hiring and investment trends may have allowed both consumers and businesses to weather the additional tax on income and revenue. However, as time passes, indicators are increasingly supported a cooling in economic activity.


Dollar's climb vs. Euro

The dollar edged up from a two-year low against the euro in Asian trade Friday as players took to the sidelines ahead of keenly awaited U.S. jobs data, dealers said.

The euro slipped to 1.3417 dollars in Tokyo afternoon trade from 1.3427 in New York late Thursday, when it had hit 1.3441 dollars, the highest level since March 2005.

Dealers said trading was quiet with the U.S., European and many Asian financial markets closed Friday, even though Washington releases its nonfarm payrolls report, seen as a critical economic indicator on the world's largest economy.

Investors are paying close attention to the jobs data following a slew of weak U.S. figures which have fanned jitters over the pace of the U.S. economic slowdown, dealers said.

IKK/DB
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Ayoon wa Azan ( Before Meeting Him )

The April 12, 2007, issue of the magazine the 'New York Review of Books' contains an article entitled "On Israel, America and AIPAC", by George Soros, the world-known businessman. It begins with an accurate and objective analysis of the Palestinian situation, the national unity government and the Arab initiative for peace with Israel. It continues to review the extremism of the official US-Jewish lobby and its dominance of the US policy in the Middle East, with all the harms this has caused to the objective of Middle East peace, and Israel's own interests.

I had heard of Georges Soros before meeting him. While the world of economics did not concern me in the least, I have become interested in his activities because some of his political stances and charity activities. Then I followed up on his participation in the annual meeting of the World Economic Forum in Davos, and I found that he was as I had heard about him, or even better.



 

 

 

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