| Michigan report predicts soft growth for US economy
The U.S. economy gained more jobs in 2006 than in any year since 2000, despite a rough second half. But the pace of economic growth will pick up again after mid-year albeit moderately, say University of Michigan economists. "It's no secret that the economy didn't proceed at a smooth growth rate throughout all of last year," said Saul Hymans, U-M professor emeritus of economics. "Two important segments of the economy the vehicle market and homebuilding weakened. While we do not expect conditions in these markets to worsen a great deal more, they're likely to keep economic growth softer for awhile yet." In their annual spring forecast update of the U.S. economy, Hymans and colleagues Joan Crary and Janet Wolfe predict job gains of about 1.7 million in both 2007 and 2008, down from 2.5 million last year.
Nuclear Program Hurting Iran's Economy, IMF Says
Washington -- The international community's confrontation with Iran over its nuclear program already has affected the Iranian economy adversely and could threaten investment and growth further if the crisis escalates, according to the International Monetary Fund (IMF). During 2006, "tensions associated with the nuclear issue" had "some adverse effects on private investment, particularly FDI [foreign direct investment]," says the annual IMF Article IV Consultation Report for Iran, released March 8. Article IV reports are based on annual consultations between IMF staff and the member country's top economic officials. The IMF report is a message to the Iranians that the "nuclear crisis is quite a problem" for them, according to Patrick Clawson, deputy director for research at the Washington Institute for Near East Policy.
Finance ministry maintains GDP projection
CHIANG MAI -- Thailand's revised economic growth projection for 2007 by the World Bank, which sees a retreat to only 4.3 per cent from an earlier projected 4.6 per cent, is in line with forecasts by the finance ministry, a ministry spokesman said Friday. Spokesman Somchai Sujjapongse said despite the reduced World Bank projection, his ministry maintains that this year's growth will be some 4 - 4.5 per cent, and that discussions among concerned officials will take place if Thai economic growth declines below 4 per cent. This year's projected growth will be reviewed by concerned government agencies next month, he said. On Thursday, the World Bank announced that Thailand's political uncertainties and policy blunders leading to a slowdown in investment would slow the country's economic growth to 4.3 per cent in 2007 compared to 5 per cent in 2006.
Social justice confused with natural law
Social justice theory, which is sometimes confused with natural law, is not compatible with Polanyi's principles of freedom.
The natural law definition of equality involves a metaphysical equality of humanness that is to say, equality in terms of what it means to be human. A father and a young son are equal in terms of possessing the nature of human beings. However, they are not equal in psychological, intellectual, and moral development, or in authority, experience, and wealth nor are they necessarily equal in talent, determination, or character. In like manner, the citizenry is wildly diverse in wisdom, virtue, merit, and talent. However, they are all equal in possessing a human nature and are entitled to equal justice under the law and equal moral and legal accountability for their conduct.
Once Called the 'Sick Man' of Europe, Germany Is Showing New Signs ...
Talk about good timing. With Germany assuming the rotating presidencies of the European Union and the Group of Eight (G8) developed nations, the country is enjoying an economic resurgence. It remains a formidable exporter of goods worldwide, its unemployment rate has eased and a recent major tax increase has not dampened economic activity as much as many had feared. Still, there is some question whether the recovery is sustainable and whether Germany is up to meeting such long-term challenges as an aging population and a declining birth rate, according to faculty members at Wharton and German business schools, as well as other experts. The country continues to grapple with labor market issues that inhibit corporate flexibility at a time of increasing pressures from globalization.
Gold Sniffs Rate Cut
Use the above link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise like a cantilever during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by heretical central bankers and charlatan economic advisors, whose interference has irreversibly altered and damaged the world financial system. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy. A tad of relevant geopolitics is covered as well. Articles in this series are promotional, an unabashed gesture to induce readers to subscribe. In a series of public messages, the US Federal Reserve has issued some statements recently which telegraph an increasingly likely official interest rate cut.
Renowned Architectural Designer Bob Bacon Introduces New ...
Bob Bacon, one of the Valley's most esteemed architectural designers, has unveiled an dynamic new alternative to traditional custom home design and building called "The Bacon Collections™". Phoenix, AZ (PRWeb) April 6, 2007 -- Bob Bacon, one of the Valley's most esteemed architectural designers has unveiled an dynamic new alternative to traditional custom home design and building called "The Bacon Collections™". The Bacon Collections feature a proprietary process and patent-pending technology that integrates all of the quality, features and benefits of custom home design and building in less time, with lower cost and without many of the challenges and uncertainties inherent to the traditional process. Bacon and his team of architectural design and building experts have spent the last several years developing this alternative and consider it part of the evolution in custom-quality home design and building, with the goal of making it easier and more efficient for home buyer, builder and everyone involved in the process.
Shafer to Speak during President's Lecture Series
VALDOSTA - Dr. Jeffrey R. Shafer, Vice Chairman of Citigroup's Global Banking, Head of Economic and Political Strategies and Former Under Secretary of the Treasury for International Affairs, will speak during the President's Lecture Series Monday, April 9 in Pound Hall Auditorium, Langdale College of Business at Steele North Campus. Dr. Shafer will offer open dialogue from 9:30 until 10:30 a.m. as well as a public lecture from 6-7 p.m. which is entitled: “China's Economic Emergence: World Impact and U.S. Response." The presentation will offer information on China's growth in the world economy as well as its transformation from poverty into a political and economic influence. Through his experiences, Dr. Shafer has gained extensive knowledge on this and many other subjects. His position at Citigroup places on him the responsibilities of identification and analysis of key global economic and political issues as well as maintaining relationships with key government officials around the world.
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