China once again avoided Thursday the label of currency manipulator that would have made the country a target for punitive actions from Congress.
In a long-awaited report, the Treasury Department declined to officially cite China for manipulating the foreign-exchange value of its currency even though the country had maintained a de-facto peg to the dollar since mid-2008 until last month.
Treasury Secretary Timothy Geithner had engineered a delay of the currency report to give China space to move on its foreign-exchange policy.
Dutch football has long been this way. Gaunt, rakish Johan Cruyff, the Jedi-like fulcrum of 1974's Total Football team, challenged authority everywhere he found it, famously demanding a tailor-made Dutch uniform with just two stripes instead of three, because he was sponsored by Puma and the jerseys were made by adidas. In 1994, ESPN's own Ruud Gullit ditched the team after arguing with his coach about the appropriate strategies to cope with the blazing heat of summer in the United States. The side's 1996 Euro campaign was famously undermined when a leaked photograph shockingly revealed all but one of the team's black players ate at a separate table. The Dutch story always has been one of preternatural talent meshed with petulance and arrogance, and you do not have to probe too deeply to see it in this 2010 squad. http://soccernet.espn.go.com/world-cup/blog?entryID=5362688&name=offtheball&cc=5901&ver=us
IT IS registered in Luxembourg, the offshore domicile of many hedge funds. It has hundreds of billions of euros with which to place macroeconomic bets. And from July 1st the newly formed European Financial Stability Facility, the special-purpose vehicle (SPV) set up to support ailing euro-zone countries, is even being run by a former hedgie. But this is one fund that will never short its investments. http://www.economist.com/node/16485600
So England's Howard Webb will be the ref for the final. He has refereed three World Cup matches and has neither shown a red card nor awarded a penalty kick. Sounds like a reasonable choice to me for this crucial task, hopefully he will be practically invisible.
Ashraf, the bizarre ball certainly does make for some interesting curve shots which can fool the goalies! The main thing I have noticed is that the ball often seems to gain more altitude than the kicker anticipates, and perhaps some shots have gone over the goal, kicks that with a normal ball would've made it under the crossbar. Though I am sure that players have tried to adjust their kicks, it takes time. Ditto on the refs, the Spain Germany game was pretty good overall, may it continue!
Breakup of single currency would blight Europe, says Dutch bank IngKnock-on effect on global economy would dwarf aftermath of Lehman Brothers collapse, analysts warn
"January 2012. A cold winter has settled across Europe while the hard freeze gripping the economies of countries that once made up the eurozone is spreading across the globe. European Monetary Union is over. The stresses and strains caused by the bailout of Greece and the problems that enveloped other peripheral countries has made the euro a distant memory.
This is the scenario explored by economists at Dutch bank ING who have produced one of the first financial models of what might happen if the single currency falls apart during 2010. In a bleak assessment, entitled "quantifying the unthinkable", they warn that in the first year alone, so by the start of 2012, output would fall between 5% and 9% across various member states, while their new national currencies would fall by 50%."
Spain was more agile, agressive, and had more shots on goal. I was rooting for Germay, but today Spain was the better team. Their midfield was hard to penetrate, and their forwards were excellent. I think they can take Holland.
Very good sportsmanship, skills, defense by both teams. I thought for sure Trochowski's kick was going in, very close. Second half adjustments, germany needs to find a a way past midfield quicker.
Thanks for the energy reports! Many traders do not realize that hurricanes tend to have a larger impact on natural gas prices and for a longer period, than the impact on crude oil. One can look at the impact of various hurricanes on prices of both contracts before and after the storms. I have a feeling I will be closely following NG prices this summer. I've studied meteorology for decades and this looks to be a very dangerous hurricane season, which had an early start.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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In a long-awaited report, the Treasury Department declined to officially cite China for manipulating the foreign-exchange value of its currency even though the country had maintained a de-facto peg to the dollar since mid-2008 until last month.
Treasury Secretary Timothy Geithner had engineered a delay of the currency report to give China space to move on its foreign-exchange policy.
This maneuver paid off just prior to the Group of 20 leaders' summit in Toronto last month when China announced it would allow its currency to move against the dollar.
http://www.marketwatch.com/story/china-not-cited-as-currency-manipulator-2010-07-08
Dutch football has long been this way. Gaunt, rakish Johan Cruyff, the Jedi-like fulcrum of 1974's Total Football team, challenged authority everywhere he found it, famously demanding a tailor-made Dutch uniform with just two stripes instead of three, because he was sponsored by Puma and the jerseys were made by adidas. In 1994, ESPN's own Ruud Gullit ditched the team after arguing with his coach about the appropriate strategies to cope with the blazing heat of summer in the United States. The side's 1996 Euro campaign was famously undermined when a leaked photograph shockingly revealed all but one of the team's black players ate at a separate table. The Dutch story always has been one of preternatural talent meshed with petulance and arrogance, and you do not have to probe too deeply to see it in this 2010 squad.
http://soccernet.espn.go.com/world-cup/blog?entryID=5362688&name=offtheball&cc=5901&ver=us
http://www.economist.com/node/16485600
American space agency Nasa has joined the growing list of critics of the official World Cup match ball after subjecting the Jabulani to a series of aerodynamic tests
http://www.telegraph.co.uk/sport/football/world-cup-2010/7876562/World-Cup-2010-Nasa-tests-confirm-Jabulani-is-unpredictable.html
"January 2012. A cold winter has settled across Europe while the hard freeze gripping the economies of countries that once made up the eurozone is spreading across the globe. European Monetary Union is over. The stresses and strains caused by the bailout of Greece and the problems that enveloped other peripheral countries has made the euro a distant memory.
This is the scenario explored by economists at Dutch bank ING who have produced one of the first financial models of what might happen if the single currency falls apart during 2010. In a bleak assessment, entitled "quantifying the unthinkable", they warn that in the first year alone, so by the start of 2012, output would fall between 5% and 9% across various member states, while their new national currencies would fall by 50%."
http://www.guardian.co.uk/business/2010/jul/07/breakup-emu-eurozone-deep-recession