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Thursday, 07 April, 2005 |
Biggest pattern in today's news is the shift in "value" from developed to developing nations. The greatest inflow is in areas of rapid growth. Europe, the United States are both suffering from self-imposed restrictions. Remember value is the opposite of water; water seeks the lowest levels, value seeks the peaks.
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hyper-growth
center for inspired performance
Go make some money - Ciao
6:42:37 AM 
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More oil news - there is additional capacity in the world, but not enough to feed China and rapid economic growth in Asia over the next three years. Price will continue to climb. We will get a respite this month as refineries shift over to making strictly fuel however be prepared to spend far more of your budget on energy unless the US expands it own source of hydrocarbons.
RIYADH: Oil giant Saudi Arabia might manage to add 200 billion barrels of crude reserves to its existing 261bn barrels, which make up a quarter of the world's total, Oil Minister Ali Al Nuaimi said.
6:37:40 AM
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How do you spell US territorial exploration?
CARACAS, Venezuela (AP) - The Organisation of Petroleum Exporting Countries is running out of spare production capacity, Venezuelan Oil Minister Rafael Ramirez said Tuesday.
"OPEC's production capacity is reaching its limit,'' Ramirez told reporters, adding that it is too early for OPEC to decide on a possible half-million barrel per day production increase.
6:31:23 AM
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Intriquing story of governmental intervention in the internal functioning of a business. It might be good 'policy' to run an open book operation, quite another to have it dictated.
New legislation forcing employers to tell their staff about key developments within the business comes into force today, but many companies are unprepared for the change, a legal expert warned.
6:22:12 AM
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It appears the EU will deal with China dumping before the US
BRUSSELS The European Union's head office agreed Wednesday on guidelines to limit how far Chinese textile imports can increase before the EU considers emergency barriers to protect its domestic industry.
6:17:32 AM
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Interesting take on the EU's future - lets see if I am right.
BRUSSELS What sort of union will the European Union be?
. The European Commission, the keeper of the Continent's unifying flame, made its pitch here on Wednesday for a well-funded union, one that has enough money to dole out development aid to its poorer backwaters, to fight crime and illegal immigration, stimulate a high-tech future and run its federal institutions well.
6:14:52 AM
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I need to get off of my China bandwagon - but here is the crux - they negotiate tough deals (nothing wrong here) in their favor then renege on their commitments (big problem). China will remain a threat to global economic stability as long as the free pass exists for the Yuan.
China's no-show at next week's G7 meeting in Washington does not mean any change is likely to the country's fixed currency system, analysts said.
China gave notice some weeks ago that it did not intend to send senior officials to the meeting, according to G7 officials.
6:04:03 AM
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This should have been written by a US newspaper reporting on the unfunded American promises - can you count up to $42 trillion or 3 times the GDP?
The mainland will face severe pension financing problems within a decade unless the ruling Communist Party finds the political will to cut benefits and extend the retirement age, a leading China watcher in the United States said.
5:59:54 AM
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Good decision by Taiwan - keep the mainland at a distance for both political and economic reasons. The growth of mainline China's economy will equal Washington's financial avarice as the greatest threat to global economic conditions.
Taiwan President Chen Shui-bian has asked his government to investigate unauthorised contacts with Beijing and review trade policy in an attempt to cool what he called a mainland fever.
Chen met his cabinet and officials of the ruling Democratic Progressive Party late Tuesday after last week's fence-mending visit to China by the opposition Kuomintang.
In remarks clearly aimed at the KMT, which favors eventual unification with China, Chen said no political party, group, or individual has the right to bypass the government and deal with Beijing.
5:56:44 AM
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Interesting, sounds like the work we did for the UN in Africa - starting micro-banks. Here is a great way for entrepreneurs to establish a foot hold in the booming Asian Market.
Say you're a Silicon Valley executive assigned to set up an offshore software-development office for your company. You touch down in this high-tech hub and check into a luxury hotel. By morning, you realize you're not sure how to incorporate an Indian company, open a bank account, get legal advice or even find office space.
Not to worry: These days, you can just call Arman Zand.
Mr. Zand, who works here at a unit of Santa Clara, Calif.-based Silicon Valley Bank, enjoys a growing reputation as a go-to guy for start-up companies trying get a foothold in Bangalore, a booming city that has emerged as a global technology hot spot -- albeit one with sporadic power outages and really bad roads.
5:50:31 AM
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After re-broadcasting economic news for the last year, the question for all our readers should be - how do we sell more to the Asian market?
Manila, 6 April (AKI) - Despite high oil prices and the devastating December 26 tsunami disaster, the economies of developing countries in Asia are expected to grow 6.5 percent this year, 6.6 percent in 2006 and 6.9 percent in 2007, the Asian Development Bank said on Wednesday. ''Economic prospects for developing Asia remain auspicious over the next three years," the bank said in its annual Asian Development Outlook report."While inevitably such a vast region presents significant divergences, income growth will generally remain robust under the baseline scenario,'' the bank added.
5:45:13 AM
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It is becoming clear that the idea of the EU (European Union), a federal coliation of European States is more fantasy than fact. However their real accomplishment might be making the euro work as an alternative to the dollar.
As usual, the European Union has punted when it comes to taking hard decisions over the course of its future development. Consequently, one has a sense of drift and inertia amongst EU policy makers these days. In fact, more procrastination of the sort witnessed over the past month or so and the entire euro project itself ultimately could be placed at risk. The foreign exchange markets are beginning to sense this, judging from the recent weakness of the currency against the dollar. After all, one doesn’t win a beauty contest simply by being the least ugliest around, and the euro’s current prestige seems largely to have become a product of being the least bad paper currency alternative. Given the tenuous nature of its current status, and its limited historic provenance, EU officialdom urgently has to create a positive economic context so as to ensure that the euro survives as a genuine reserve currency alternative.
5:40:02 AM
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It is always wonderful to read government news, three years of 9% growth without inflation because of adroit government handling of the economy? Right!
BEIJING, April 6 (Xinhuanet) -- The Asian Development Bank (ADB) said Wednesday the Chinese economy is expected to land softly in 2005-2006 even as it continues to expand rapidly from 2005 to 2007, with growth rates expected to reach 8.5 percent, 8.7 percent, and 8.9 percent, in successive years.
According to the bank's Asian Development Outlook 2005, a forecast report of economic trends, the fast growing Chinese economy is being reined in for a soft landing under the government's balanced development strategy and continued macroeconomic control policy.
5:36:19 AM
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I wonder if everybody in the news business reports just reports what they read? A theme is developing concerning Washington's spending and taxing policies which has a world-wide effect.
WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan on Wednesday urged Congress to curb the rapid growth of Fannie Mae and Freddie Mac, saying this was vital to cut the risks the mortgage finance giants pose to the U.S. financial system.
5:32:25 AM
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Not likely! Until the United States stops voting for two wings of the same political party, the party of government, this will continue. Both Republicans and Democrats use our money to buy votes without any concern for the long term economic health of the nation.
America and foreign central banks are locked in a codependent relationship: America is addicted to spending, and the banks can’t stop throwing money at it in order to keep their currencies down. This is unhealthy for both parties, say the IMF and the World Bank. But is there any political will to change it?
5:28:31 AM
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A rather contradictory report, to whom are the developing nations going to export?
WASHINGTON (Reuters) - Global growth momentum has peaked but buoyant economic and financial conditions in most developing countries should continue, the World Bank said on Wednesday.
"While growth should decline, these economies are nevertheless expected to expand by a robust and above-trend 5.7 percent in 2005," the bank said in its annual 2005 Global Development Finance report.
5:21:59 AM
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Interesting article as it relates the so-called housing bubble - perhaps there is some merit to the concern. I wonder what is the national average?
In 2001, as the current housing boom got underway, fewer than 2% of California homes were bought with interest-only loans, according to an analysis done for The Times by LoanPerformance, a San Francisco mortgage research firm.
By last year, the level had risen to 48%. Nationally, LoanPerformance says, interest-only loans were used in about a third of all purchases.
5:13:42 AM
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