| Dollar Declines As Housing Outlook Worsens
The loose thread from last week's solidly packed economic calendar, Monday's new home sales report tipped the scales for fundamentalists torn between strong lagging indicators and a distinct cooling in more timely reports. After the worse-than-expected number hit the wires, the dollar cut its two session advance short with big moves across the majors. For EURUSD, the data was met with a 70-point rally to a 1.3350 high that was 100 points off of overnight lows. In a more intense dollar move, USDCHF slid 85 points in 30 minutes to test key support around 1.2120/10. Making a technical move of its own, GBPUSD extended a rally that began in the London session for a 140-point climb to mark a double top with Thursday's high at 1.9725. Finally, USDJPY continues to carve out a convincing ascending triangle following a test high around 118.45 and a subsequent turn around 117.65.
Learning from NZ's farmers
New Zealand and Taiwan have much in common. Both are island nations living with much bigger neighbors. Agriculture is important to both, but in recent years, service industries and technology -- building a "knowledge economy" -- have become an aim for both nations. Undeniably, Taiwan is in a slump. Growth has been slow and reform of the economy has stalled. While other "Little Dragons" have been powering ahead, Taiwan has stagnated. It's hard to avoid the impression that the government has put politics in command, diverting attention from the economy. Taiwan's prime competences -- of making money, manufacturing and economic development -- have been put on the back burner. New Zealand has never been riven by the disconnect between the so-called Taiwanese and mainlanders, as in Taiwan, but the truth is, a bad economy puts pressure on all aspects of society and makes things worse.
Metro areas losing people
Though the Huntington area has embarked on new tactics to curb population loss in the past few years, the decline continued between 2000 and 2006. The Huntington-Ashland metropolitan area -- comprising Cabell and Wayne counties in West Virginia; Lawrence County, Ohio; and Boyd and Greenup counties in Kentucky -- had 3,174 fewer people in July 2006 than it did in July 2000, U.S. Census data indicated in a report released today. .
NAACP and National Association of Home Builders Address Affordable ...
Co-hosted by the NAACP and the National Association of Home Builders (NAHB), the roundtable discussion drew expertise from leadership at the nation's leading housing advocacy groups. "The roundtable discussion was a critical first step in determining how we move the affordable housing issue from a policy discussion at the national level to a movement that makes a real difference in the lives of families across the nation," said Dennis Hayes, Interim President and CEO of the NAACP. "We view this issue from a broader context, and seek to determine the larger social costs of current development patterns. We don't want to encourage policies that promote economic disassociation." Discussion ranged from sub-prime lending to the production of affordable rental housing, from weak federal housing programs to local zoning practices.
Speech of the Chairman of the DamlierChrysler Board of Management ...
Speech of the Chairman of the Board of Management Berlin April 4, 2007 Check against delivery - 2 - Introduction Mr. Kopper, as Chairman of the Supervisory Board you have watched over and helped to shape our company for the last 17 years. During this time you have shared your vast experience with our company and its management. We have always been able to count on you as an attentive listener and an experienced advisor, especially when dealing with difficult issues. For your support, commitment and loyalty to our company, my colleagues and I would like to express our heartfelt thanks. Shareholders, Shareholder Representatives, Ladies and Gentlemen, On behalf of the Board of Management and the employees of DaimlerChrysler, I welcome you to the ninth regular Annual Meeting of your company. Business developments at DaimlerChrysler paint contrasting pictures.
To Create Good Jobs, Reform Labor Regulations
India has been remarkably successful in boosting economic growth: its economy has grown at about 6 percent per annum since the 1990s, with growth accelerating to 9 percent over the past two years. Absolute poverty has been cut in half, and the country seems set to achieve middle income status soon. Among all this good news, some puzzles remain. Despite recent growth, Indias manufacturing sector still accounts for less than 15 percent of GDP and employs less than 15 percent of the work force. This is in stark contrast to the fast-growing East Asian countries such as Korea, China and Thailand where rapid expansion in manufacturing has generated large scale employment that has lifted millions out of poverty. For most Indians, especially the poor and marginalized, labor is the principal asset.
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