Archive for the 'Economy' Category
Senior Chinese Military Officers: Sell U.S. Bonds
February 9th, 2010Via: Reuters:
Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
The calls for broad retaliation over the planned U.S. weapons sales to the disputed island came from officers at China’s National Defence [...]
Canada: Sales Halt Ordered for Thousands of Natural Health Products
February 9th, 2010Via: National Post:
Makers of natural-health products say they are bracing for widespread layoffs and millions of dollars in losses after Canada’s pharmacy regulators issued a surprise directive recently urging druggists to stop selling unlicensed natural remedies.
The order affects thousands of herbal treatments, multi-vitamins and other products, most of them waiting for approval from Health Canada [...]
Lies, Damn Lies, and Avatar Box Office “Records”
February 9th, 2010Via: Los Angeles Times:
Everyone in the world in the past couple of days has been writing about how “Avatar” has now surpassed “Titanic” to become the highest-grossing film of all time. But most of the stories have left out the tricky part: You can only make the claim for “Avatar” being the all-time box office [...]
Biggest Bubble in History Is Growing Every Day
February 8th, 2010Via: Bloomberg:
Real estate, stocks, credit. China sure has its share of bubbles. Oddly, little attention is paid to the biggest one of all.
China’s currency reserves grew by more than the gross domestic product of Norway in 2009. Its $2.4 trillion of reserves is a bubble all its own, one growing before our eyes with nary [...]
Australia’s Largest Ever Export Deal: Coal to China
February 8th, 2010Via: ABC:
Queensland billionaire Clive Palmer has signed a deal to sell millions of tonnes of coal to China in what’s believed to be Australia’s largest export contract.
Mr Palmer says the $69 billion, 20-year offtake deal was signed last Friday with China Power International.
Another $8.6 billion agreement was signed with the Metallurgical Corporation of China to [...]
Geithner Says U.S. Will ‘Never’ Lose AAA Debt Rating
February 8th, 2010Well, there you have it! HA
Via: Bloomberg:
Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.
“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a [...]
Audi 2010 Green Car Super Bowl Commercial
February 8th, 2010Greece ‘Dress Rehearsal’ for U.S.
February 6th, 2010Via: Bloomberg:
The cost of insuring against U.S. and U.K. debt defaults may rise in the same way as it has for so- called European peripheral nations including Greece and Portugal, Deutsche Bank AG said.
“The problems currently faced by peripheral Europe could be a dress rehearsal for what the U.S. and U.K. may face further down [...]
Secret Meeting of Top Bankers in Australia
February 6th, 2010Via: Herald Sun:
THE world’s top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.
Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald [...]
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February 5th, 2010Thank you.
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