 | Coffee Prices & Inflation on The Takeaway from WNYC and PRI John Hockenberry tries to haggle with the guys in the coffee cart at 1 Centre St. "The Takeaway with John Hockenberry & Adaora Udoji" is a fresh new morning drive-time news program. Produced by WNYC/New York and Public Radio International in partnership with the BBC World Service, the "New York Times and WGBH/Boston, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media. |
 | Manila Workers Protest Food Inflation Anna Chan: Today's May Day saw thousands of workers and activists taking to the streets of Manila. They are calling on the Arroyo government to ensure job security amid food inflation. Let's take a look. Thousands of workers storm the streets of Manila on Labour Day, marching in the direction of the presidential palace. They want job security amid rising food and gasoline prices and are calling on President Gloria Macapagal Arroyo to step down. [Josua Mata, Progressive Labor Party]: "With the great number of Filipinos going hungry, the workers are here, gathered to protest the weakness and the ineptness of this government to push for policies that will truly solve our problems. It's irritating to see that the government is only doing stop-gap solutions that don't really address the food crisis." The workers are seeking a wage increase of 3 U.S. dollars and regulated prices for rice, oil and electricity. They feel the government proposed non-wage benefits will not help them deal with the food and gas price hikes. President Arroyo has asked regional wage boards to accelerate an agreement on a wage increase. But public hearings are set to slow down discussions. |
 | Investing and Trading: Week in Review for September 6, 2008 My Daily Blog is at: http://investorandtrader.blogspot.com/ Welcome to the week in Review. I saw this Bloomberg article the other day - about another possibility that we "might" be in a recession. What? Listen folks - WE ARE IN a recession. It's that simple. Ford is trading at a price with the penny stocks; as are many regional banks. CPI core inflation is 5.6%, and you can only get 3.5% out of a bank on your money. The government is so out of touch, that they think that printing more money and sending it in the mail won't hurt the inflation problem. Unemployment is 6.1%. People are talking about one of the big three going under. The housing situation was the worst since the Great Depression. There's a credit crisis. WHAT MORE DO YOU NEED? THE GDP DEFINITION ISN'T ACCURATE! NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research and risk tolerance. Included Music is by Paul Young. A personal friend and is not a part of any music license, recording label, etc. |
 | Asian Development Outlook 2008 Update ADB Chief Economist Ifzal Ali provides an overview of the Asia-Pacific's development and economic outlook in the wake of the global economic slowdown, high food and energy prices, and persistent inflation. |
 | Economic Collapse - The American Dollar Is Dead http://www.Mysilvercoins.com/American-Eagle-Silver-Coins.html An economic collapse is a devastating breakdown of a national, regional, or territorial economy. It is essentially a severe economic depression. Protect Your Wealth Go to http://www.Mysilvercoins.com/Silver-Eagle.html A full or near-full economic collapse is often quickly followed by months, years, or even decades of economic depression, social chaos, and civil unrest. In past history, such outcomes have eventually been corrected, at least in part, by recovery measures implemented by the government. Some economists (i.e. the Austrian School, in particular Ludwig von Mises), believe that government intervention and over-regulation of the economy can lead to the conditions for collapse. The most obvious example of such a development is the 1929 Stock Market Crash. According to John Maynard Keynes, this episode was caused by a virtual absence of government involvement in the economy. By contrast, the Indian philosopher P.R. Sarkar and his disciple Dr. Ravi Batra, hold that the "concentration of wealth in few hands" and "stoppages in the rolling of money" are root causes of such crisis of capitalism. The concentration of wealth engenders an euphoric phase accompanied by rising asset prices and further excesses which are eventually followed by a correction in asset prices, a liquidity crisis, insolvency and collapse. Government efforts to inject liquidity into the finanical system or bolster demand can postpone the crisis but not avoid it. At best, a trade-off is seen to exist between unemployment and inflation. The government efforts may then avoid high levels of unemployment at the cost of high inflation. At worst, both high unemployment and high inflation are experienced, such as was the case in the Weimar Republic in the early 1930s. Eventually, the system absorbs the losses but after considerable suffering by the general population. Nevertheless, capitalism has weathered such storms because of its inherent dynamism. During the 1980s, the Eastern Bloc, which relied on a stagnant form of state capitalism, experienced a decade-long period of stagflation, and eventual collapse from which it did not recover, culminating with revolutions and the fall of communist regimes throughout Central and Eastern Europe and eventually in the Soviet Union. |
 | 15th SAARC Summit opens The 15th SAARC Summit opened on a grand scale this morning, injecting new life to the South Asian region . European Union, Japan, China, Iran, South Korea and representatives of other states participating as observers, were greeted by Minister Rohitha Bogollagama on their arrival at the BMICH. Thereafter, Prime Minister Ratnasiri Wickramanayake and his wife arrived. They, along with Minister Bogollagama greeted the President and First Lady Shiranthi Rajapakse on their arrival. President Rajapakse and the First Lady thereafter welcomed the leaders Afghan President Hamid Karzai, Special Advisor of Bangladesh Fakhruddin Ahmed, Prime Minister of Bhutan Jigmi Thinley, the Maldivian President Maumoom Abdul Gayoom, Prime Minister of the Caretaker Government of Nepal Girija Prasad Koirala, Pakistan's Prime Minister Yousuf Raza Gilani and Indian Prime Minister Dr. Manmohan Singh and his wife. All state leaders lit the oil lamp before the commencement of the sessions. Thereafter, a special stamp of the 15 rupee denomination and depicting Sigiriya, a world heritage, was issued to mark the 15th SAARC Summit. The event took place under the guidance of Minister Mahinda Wijesekera. Thereafter, Indian Prime Minister Dr. Manmohan Singh declared the Summit open. Warmly greeting the SAARC leaders, President Rajapakse stressing the importance of regional cooperation, made special mention of regional terrorism. Thereafter, the Indian Prime Minister handed over the chair to President Rajapakse. The President said combating terrorism within the region will be increased two fold with regional cooperation. SAARC leaders laid emphasis on the need to resolve many problems including food and energy, terrorism, drug trafficking, climate change, rising inflation in the region and also bringing peace and prosperity to South Asia. |
 | Latin America World Economic Forum 2008 - Closing Plenary http://www.weforum.org/latinamerica2008 16.04.2008 Closing Plenary Session Laying the Foundations for a Promising Decade in Latin America High commodity prices, favourable financial conditions and the hard-won economic reforms of the 1990s are boosting regional economic growth to an average of 5% per year, with low inflation and strong current account surpluses. Between 2002 and 2006, 15 million households in the region -- close to 10% of the population -- ceased to be poor. Following this trend, analysts predict that by 2010 the majority of households in the region might become middle-class, with access to modern credit and savings products. Yet investment levels as a percentage of GDP remain low, employment growth is lagging behind GDP growth and income distribution must still be drastically improved. 1) What reforms are urgently needed to make growth sustainable and to improve income distribution? 2) How can investment, which creates more jobs, be increased? 3) How can business become an even more powerful force for economic development? Oscar Arias Sánchez, President of Costa Rica Felipe Calderón, President of Mexico Alvaro Uribe Velez, President of Colombia Klaus Schwab, Founder and Executive Chairman, World Economic Forum Chaired by Ricardo Hausmann, Director, Center for International Development, and Professor of the Practice of Economic Development, John F. Kennedy School of Government, Harvard University, USA |
 | Re: Gas Prices Increase Video Cam Direct Upload |
 | Ralph Recto ( 2007 Political TV Ad with his Family ) Recto comes from a political family. His grandfather, the late nationalist and statesman Claro M. Recto was a Senator of the Republic for several terms. His father, Atty. Rafael Recto was an Assemblyman during the Regular Batasang Pambansa. Elder brother Ricky Recto is currently the vice governor of the province of Batangas. He holds the distinction of being the youngest elected member of the House of Representatives during the 9th Congress. A feat he replicated when he became the youngest Senator of the 12th Congress at the age of 37. He also holds an unprecedented record in the congressional election history of Batangas for winning in all precincts, barangays, and municipalities together with Lipa City in the 1995 and 1998 elections. Moreover, he garnered 98% of the votes cast in those two elections in the 4th District of Batangas. During his three terms (from 1992 to 2001) as Member of the House of Representatives, most of his legislative measures, which were enacted into law deal with economic reforms and poverty alleviation. His legislative measures especially those related to taxation have a grave impact on inflation rates. Among which are the Social Reform and Poverty Alleviation Act; the Philippine Economic Zone Law; Amendment to the Special Economic Zone Law; the Retail Trade Liberalization Law; Regional Headquarters Law and the Comprehensive Tax Reform Law. In the current Senate, he chairs the Committees on Ways and Means and on Trade and Industry. Republic Acts Authored by Sen. Ralph Recto RA 7196 - Special Economic Zone Law RA 8424 - Comprehensive Tax Reform Law RA 8425 - Social Reform and Poverty Alleviation Act RA 8478 - Amendments to the Special Economic Zone Law RA 8756 - Regional Headquarters Law RA 8762 - Retail Trade Liberalization Law RA 9337 - EVAT Law RA 9333 - Lateral Attrition Law RA 9334 - Sin Tax Law RA 9301 - Philippine Overseas Shipping Law RA 9294 - FCDU RA 9295 - Domestic Shipping Development Act RA 9282 - Court of Tax Appeals Law RA 9243 - DST Law RA 9238 - Excise Tax Law RA 9182 - Special Purpose Vehicle Law RA 9178 - Barangay Micro Business Enterprise Law RA 9167 - Film Development Council RA 9161 - Rent Control Law Recto is ran as a senator in the previous May, Philippine Election. This Ad was beautifully crafted and destined to deliver a serious message to its viewers. No dance steps or funny scripts, just a serious, strong political ad. Unfortunately he lost. |
 | Economic Outlook April 14 U.S.and U.K. consumer-price inflation, the ZEW survey of German investor confidence and the Beige Book, the Federal Reserve's survey of U.S. regional economic activity, are among the highlights for the week of April 14. This report includes comments from European Central Bank President Jean-Claude Trichet, Confederation of British Industry Director General Richard Lambert and Michael Cuggino, president of the Permanent Portfolio of Funds. |
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