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Latest Posts By pharoah88
- Supreme
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| 20-Oct-2010 14:20 |
User Research/Opinions
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////// GENTING DNA ////// ^^^^^^^^P/E 200^^^^^^^^
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GENTING CALENDARS 20 OCTOBER 2010 20 10 2010 13 OCTOBER 2010 [SWITCHED TO 20 OCT 2010] 10 OCTOBER 2010 {SUNDAY} 10 10 10 1 OCTOBER 2010 [SWITCHED WINDOW DRESSING for 30 SEP 2010] 30 SEPTEMBER 2010 [WINDOW UNDRESSED] 13 SEPTEMBER 2010 13 AUGUST 2010 |
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| 20-Oct-2010 14:15 |
User Research/Opinions
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<*> Free And Free <*><*><*> Pay And Pay <*>
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A million protest pensions plan as fuel shortages bitePARIS (AFP) - – Strikes threatening to paralyse France's economy looked set to rumble on into Wednesday after a million people took to the street for their right to retire at 60 and fuel shortages began to bite. Clashes erupted between youths and riot police in several towns Tuesday and shops in the city of Lyon were looted as workers and students came out in force around the country to protest President Nicolas Sarkozy's unpopular reform. Sarkozy refused to back down however and leading unions in some sectors including airports called for stoppages to continue on Wednesday, while oil refineries remained blocked, hit by a week of strikes. The DGAC aviation authority said a quarter of flights from Orly, Paris's second-biggest airport, would be cancelled on Wednesday morning but did not detail further disruption at the main hub, Charles de Gaulle. Facts: France's biggest demos Around one in three flights at Roissy-Charles de Gaulle and regional airports were cancelled on Tuesday, while one in three filling stations ran out of fuel, the government said. The latest day of protests, the sixth since September, drew around 1.1 million people onto the streets, police said, slightly fewer than the 1.23 million on the last comparable day, October 12. The CGT, France's biggest union, told AFP it estimated overall turnout at 3.5 million, equal to its estimate for October 12. Unions' estimates have habitually been several times higher than those of police. With more than 200 protests on Tuesday, all 12 French oil refineries shut down by strikes and truckers blocking roads, Sarkozy instructed the cabinet to draw up a plan to stop France grinding to a standstill. Environment and Transport Minister Jean-Louis Borloo said that "a little under 4,000 petrol stations are awaiting deliveries." There are around 12,500 filling stations in France. French fuel and heating federation FF3C said the "extremely worrying" situation "should definitely be called a shortage", while the International Energy Agency said France has "sufficient stocks" to deal with the situation. Authorities in Normandy requisitioned 12 petrol stations for use by rescue and emergency services, while Prime Minister Francois Fillon said a third of departments or local administrations were experiencing fuel shortages. Fillon chaired a meeting with several ministers and oil industry officials on how to deal with the crisis and ministers later held talks with Sarkozy. Fillon's office said the government would ensure access to fuel depots, many of which are blocked by strikers, and that distributors would pool their fuel and trucks to help needy stations. The interior minister promised tough action as clashes erupted anew outside a secondary school in Nanterre, near Paris, where youths burned a car and threw rocks at riot police for the second day in a row. Police fired tear gas and arrested nine youth protestors in Lyon who had overturned cars and set one alight. At least five shops were later looted, police said. Nine people were arrested Tuesday in Paris, police said. The ministry said that 1,158 troublemakers had been arrested at demonstrations since the start of the week, 163 of them on Tuesday morning. The powerful CGT union's transport section called for their strike action to be renewed on Wednesday, encompassing airport staff, air traffic controllers, public transport workers and employees of national railways operator SNCF. Unions want to force Sarkozy to abandon a bill to raise the minimum retirement age to 62, which is in the final days of its journey through a parliament in which the right-wing leader enjoys a comfortable majority. Most French back the current protests, with a poll published Monday in the popular Le Parisien daily showing that 71 percent of those asked expressed either support or sympathy for the movement. A poll published Tuesday showed that Sarkozy's approval rating dropped this month to its lowest in three years at 30 percent, two percentage points less than when the main pension protests started in September. |
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| 20-Oct-2010 14:13 |
User Research/Opinions
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{^*^} Take And Take {*} {} {*} Give And Give {^*^}
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A million protest pensions plan as fuel shortages bitePARIS (AFP) - – Strikes threatening to paralyse France's economy looked set to rumble on into Wednesday after a million people took to the street for their right to retire at 60 and fuel shortages began to bite. Clashes erupted between youths and riot police in several towns Tuesday and shops in the city of Lyon were looted as workers and students came out in force around the country to protest President Nicolas Sarkozy's unpopular reform. Sarkozy refused to back down however and leading unions in some sectors including airports called for stoppages to continue on Wednesday, while oil refineries remained blocked, hit by a week of strikes. The DGAC aviation authority said a quarter of flights from Orly, Paris's second-biggest airport, would be cancelled on Wednesday morning but did not detail further disruption at the main hub, Charles de Gaulle. Facts: France's biggest demos Around one in three flights at Roissy-Charles de Gaulle and regional airports were cancelled on Tuesday, while one in three filling stations ran out of fuel, the government said. The latest day of protests, the sixth since September, drew around 1.1 million people onto the streets, police said, slightly fewer than the 1.23 million on the last comparable day, October 12. The CGT, France's biggest union, told AFP it estimated overall turnout at 3.5 million, equal to its estimate for October 12. Unions' estimates have habitually been several times higher than those of police. With more than 200 protests on Tuesday, all 12 French oil refineries shut down by strikes and truckers blocking roads, Sarkozy instructed the cabinet to draw up a plan to stop France grinding to a standstill. Environment and Transport Minister Jean-Louis Borloo said that "a little under 4,000 petrol stations are awaiting deliveries." There are around 12,500 filling stations in France. French fuel and heating federation FF3C said the "extremely worrying" situation "should definitely be called a shortage", while the International Energy Agency said France has "sufficient stocks" to deal with the situation. Authorities in Normandy requisitioned 12 petrol stations for use by rescue and emergency services, while Prime Minister Francois Fillon said a third of departments or local administrations were experiencing fuel shortages. Fillon chaired a meeting with several ministers and oil industry officials on how to deal with the crisis and ministers later held talks with Sarkozy. Fillon's office said the government would ensure access to fuel depots, many of which are blocked by strikers, and that distributors would pool their fuel and trucks to help needy stations. The interior minister promised tough action as clashes erupted anew outside a secondary school in Nanterre, near Paris, where youths burned a car and threw rocks at riot police for the second day in a row. Police fired tear gas and arrested nine youth protestors in Lyon who had overturned cars and set one alight. At least five shops were later looted, police said. Nine people were arrested Tuesday in Paris, police said. The ministry said that 1,158 troublemakers had been arrested at demonstrations since the start of the week, 163 of them on Tuesday morning. The powerful CGT union's transport section called for their strike action to be renewed on Wednesday, encompassing airport staff, air traffic controllers, public transport workers and employees of national railways operator SNCF. Unions want to force Sarkozy to abandon a bill to raise the minimum retirement age to 62, which is in the final days of its journey through a parliament in which the right-wing leader enjoys a comfortable majority. Most French back the current protests, with a poll published Monday in the popular Le Parisien daily showing that 71 percent of those asked expressed either support or sympathy for the movement. A poll published Tuesday showed that Sarkozy's approval rating dropped this month to its lowest in three years at 30 percent, two percentage points less than when the main pension protests started in September. |
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| 20-Oct-2010 14:11 |
User Research/Opinions
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?*?#? MERITOCRACY ?#?*?#? REALITY ?*?#?
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A million protest pensions plan as fuel shortages bitePARIS (AFP) - – Strikes threatening to paralyse France's economy looked set to rumble on into Wednesday after a million people took to the street for their right to retire at 60 and fuel shortages began to bite. Clashes erupted between youths and riot police in several towns Tuesday and shops in the city of Lyon were looted as workers and students came out in force around the country to protest President Nicolas Sarkozy's unpopular reform. Sarkozy refused to back down however and leading unions in some sectors including airports called for stoppages to continue on Wednesday, while oil refineries remained blocked, hit by a week of strikes. The DGAC aviation authority said a quarter of flights from Orly, Paris's second-biggest airport, would be cancelled on Wednesday morning but did not detail further disruption at the main hub, Charles de Gaulle. Facts: France's biggest demos Around one in three flights at Roissy-Charles de Gaulle and regional airports were cancelled on Tuesday, while one in three filling stations ran out of fuel, the government said. The latest day of protests, the sixth since September, drew around 1.1 million people onto the streets, police said, slightly fewer than the 1.23 million on the last comparable day, October 12. The CGT, France's biggest union, told AFP it estimated overall turnout at 3.5 million, equal to its estimate for October 12. Unions' estimates have habitually been several times higher than those of police. With more than 200 protests on Tuesday, all 12 French oil refineries shut down by strikes and truckers blocking roads, Sarkozy instructed the cabinet to draw up a plan to stop France grinding to a standstill. Environment and Transport Minister Jean-Louis Borloo said that "a little under 4,000 petrol stations are awaiting deliveries." There are around 12,500 filling stations in France. French fuel and heating federation FF3C said the "extremely worrying" situation "should definitely be called a shortage", while the International Energy Agency said France has "sufficient stocks" to deal with the situation. Authorities in Normandy requisitioned 12 petrol stations for use by rescue and emergency services, while Prime Minister Francois Fillon said a third of departments or local administrations were experiencing fuel shortages. Fillon chaired a meeting with several ministers and oil industry officials on how to deal with the crisis and ministers later held talks with Sarkozy. Fillon's office said the government would ensure access to fuel depots, many of which are blocked by strikers, and that distributors would pool their fuel and trucks to help needy stations. The interior minister promised tough action as clashes erupted anew outside a secondary school in Nanterre, near Paris, where youths burned a car and threw rocks at riot police for the second day in a row. Police fired tear gas and arrested nine youth protestors in Lyon who had overturned cars and set one alight. At least five shops were later looted, police said. Nine people were arrested Tuesday in Paris, police said. The ministry said that 1,158 troublemakers had been arrested at demonstrations since the start of the week, 163 of them on Tuesday morning. The powerful CGT union's transport section called for their strike action to be renewed on Wednesday, encompassing airport staff, air traffic controllers, public transport workers and employees of national railways operator SNCF. Unions want to force Sarkozy to abandon a bill to raise the minimum retirement age to 62, which is in the final days of its journey through a parliament in which the right-wing leader enjoys a comfortable majority. Most French back the current protests, with a poll published Monday in the popular Le Parisien daily showing that 71 percent of those asked expressed either support or sympathy for the movement. A poll published Tuesday showed that Sarkozy's approval rating dropped this month to its lowest in three years at 30 percent, two percentage points less than when the main pension protests started in September. |
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| 20-Oct-2010 14:10 |
User Research/Opinions
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$$$ rIch gOVernments $$$ #### pOOr cItIzens ####
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A million protest pensions plan as fuel shortages bitePARIS (AFP) - – Strikes threatening to paralyse France's economy looked set to rumble on into Wednesday after a million people took to the street for their right to retire at 60 and fuel shortages began to bite. Clashes erupted between youths and riot police in several towns Tuesday and shops in the city of Lyon were looted as workers and students came out in force around the country to protest President Nicolas Sarkozy's unpopular reform. Sarkozy refused to back down however and leading unions in some sectors including airports called for stoppages to continue on Wednesday, while oil refineries remained blocked, hit by a week of strikes. The DGAC aviation authority said a quarter of flights from Orly, Paris's second-biggest airport, would be cancelled on Wednesday morning but did not detail further disruption at the main hub, Charles de Gaulle. Facts: France's biggest demos Around one in three flights at Roissy-Charles de Gaulle and regional airports were cancelled on Tuesday, while one in three filling stations ran out of fuel, the government said. The latest day of protests, the sixth since September, drew around 1.1 million people onto the streets, police said, slightly fewer than the 1.23 million on the last comparable day, October 12. The CGT, France's biggest union, told AFP it estimated overall turnout at 3.5 million, equal to its estimate for October 12. Unions' estimates have habitually been several times higher than those of police. With more than 200 protests on Tuesday, all 12 French oil refineries shut down by strikes and truckers blocking roads, Sarkozy instructed the cabinet to draw up a plan to stop France grinding to a standstill. Environment and Transport Minister Jean-Louis Borloo said that "a little under 4,000 petrol stations are awaiting deliveries." There are around 12,500 filling stations in France. French fuel and heating federation FF3C said the "extremely worrying" situation "should definitely be called a shortage", while the International Energy Agency said France has "sufficient stocks" to deal with the situation. Authorities in Normandy requisitioned 12 petrol stations for use by rescue and emergency services, while Prime Minister Francois Fillon said a third of departments or local administrations were experiencing fuel shortages. Fillon chaired a meeting with several ministers and oil industry officials on how to deal with the crisis and ministers later held talks with Sarkozy. Fillon's office said the government would ensure access to fuel depots, many of which are blocked by strikers, and that distributors would pool their fuel and trucks to help needy stations. The interior minister promised tough action as clashes erupted anew outside a secondary school in Nanterre, near Paris, where youths burned a car and threw rocks at riot police for the second day in a row. Police fired tear gas and arrested nine youth protestors in Lyon who had overturned cars and set one alight. At least five shops were later looted, police said. Nine people were arrested Tuesday in Paris, police said. The ministry said that 1,158 troublemakers had been arrested at demonstrations since the start of the week, 163 of them on Tuesday morning. The powerful CGT union's transport section called for their strike action to be renewed on Wednesday, encompassing airport staff, air traffic controllers, public transport workers and employees of national railways operator SNCF. Unions want to force Sarkozy to abandon a bill to raise the minimum retirement age to 62, which is in the final days of its journey through a parliament in which the right-wing leader enjoys a comfortable majority. Most French back the current protests, with a poll published Monday in the popular Le Parisien daily showing that 71 percent of those asked expressed either support or sympathy for the movement. A poll published Tuesday showed that Sarkozy's approval rating dropped this month to its lowest in three years at 30 percent, two percentage points less than when the main pension protests started in September. |
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| 20-Oct-2010 13:58 |
Genting HK USD
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Genting HK US$
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GENTING HK is under CONFINEMENT ORDER
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| 20-Oct-2010 13:52 |
Genting HK USD
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Genting HK US$
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Wednesday: 20 OCTOBER 2010 mId-nOOn
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| 20-Oct-2010 13:38 |
User Research/Opinions
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~TALENT mIs~develOpment=*WEALTH mIs*dIstrIbUtIOn
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SOME parents are apparently very unhappy over the fact that some pupils were given a seeming advantage in the recent English paper of the Primary School Leaving Examination (PSLE). A Straits Times article published three years ago was adapted for use as the comprehension cloze passage — a report which a few schools and tuition centres had recently used in their English language revision exercises.Little Red Dot, My Paper, The Straits Times or Today. While I do not know the exact questions that came out in the paper, I am pretty sure they could not have been exactly the same as those set by the schools and tuition centres. So, as I see it, the pupils who had used the passage for revision only had the advantage of knowing that the genre they were being tested in was that of a newspaper report. It is unlikely that any of them would have memorised the exact text of the article. I have been the head of the English department at both primary and secondary level for more than 20 years in the course of my teaching career. It has always been my practice to get my students to read newspapers from as early as Primary 3, be it I got my students to keep a folder of newspaper cuttings and from this stockpile of reports set them exercises ranging from vocabulary tests to comprehension. Of course, I used the reports for cloze passages, too. I’m sure many teachers are doing the same, rather than relying on just worksheets and workbooks. I see this episode as a challenge to teachers, tutors and parents, in particular, to move away from the “worksheets and assessment books” mentality and cultivate in children the more rewarding pursuit of reading the news. [MOE has nO better sOUrces for Examination QuestIOns ? ? ? ?] The schools and tuition centres which happened to use the article in question as a cloze passage should be applauded for their initiative. It is never too late to get students interested in reading the news and it always pays to do so. One word of advice, though: — do not force them to do so, but instead get them started by reading the bits they are interested in, before discussing the reports with them. There’s no better way to teach life lessons and social skills to our youth than through newspapers.
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| 20-Oct-2010 13:32 |
Others
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TRADE FREELY & LiVE LONGER
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SOME parents are apparently very unhappy over the fact that some pupils were given a seeming advantage in the recent English paper of the Primary School Leaving Examination (PSLE). A While I do not know the exact questions that came out in the paper, I am pretty sure they could not have been exactly the same as those set by the schools and tuition centres. So, as I see it, the pupils who had used the passage for revision only had the advantage of knowing that the genre they were being tested in was that of a newspaper report. It is unlikely that any of them would have memorised the exact text of the article. I have been the head of the English department at both primary and secondary level for more than 20 years in the course of my teaching career. It has always been my practice to get my students to read newspapers from as early as Primary 3, be it I got my students to keep a folder of newspaper cuttings and from this stockpile of reports set them exercises ranging from vocabulary tests to comprehension. Of course, I used the reports for cloze passages, too. I’m sure many teachers are doing the same, rather than relying on just worksheets and workbooks. I see this episode as a challenge to teachers, tutors and parents, in particular, to move away from the “worksheets and assessment books” mentality and cultivate in children the more rewarding pursuit of reading the news. [MOE has nO better sOUrces for Examination QuestIOns ? ? ? ?] The schools and tuition centres which happened to use the article in question as a cloze passage should be applauded for their initiative. It is never too late to get students interested in reading the news and it always pays to do so. One word of advice, though: — do not force them to do so, but instead get them started by reading the bits they are interested in, before discussing the reports with them. There’s no better way to teach life lessons and social skills to our youth than through newspapers. Straits Times article published three years ago was adapted for use as the comprehension cloze passage — a report which a few schools and tuition centres had recently used in their English language revision exercises.Little Red Dot, My Paper, The Straits Times or Today.
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| 20-Oct-2010 13:26 |
Others
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TRADE FREELY & LiVE LONGER
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I’d like to teach the world to read Reading a newspaper is the best way to hone one’s English, says this teacher Letter from Lee Hong Leong Teachers, tutors and parents should move away from the ‘worksheets and assessment books’ mentality, to cultivate in children the more rewarding pursuit of reading the news. |
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| 20-Oct-2010 13:22 |
Others
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CPF Investment Account - Avoid DBS
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WHY ? TELL ME WHY ?
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| 20-Oct-2010 12:57 |
Genting Sing
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GenSp starts to move up again
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Wed: 20 10 2010 mId-nOOn chIef kIngmaker nOt here yet
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| 20-Oct-2010 12:52 |
Genting Sing
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GenSp starts to move up again
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Wed: 20 OCTOBER 2010 mId-nOOn DATE SHIFTING: 30 SEP shifted to 1 OCT 13 OCT shifted to 20 OCT [20102010] because 101010 was SUNDAY
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| 20-Oct-2010 12:30 |
SaizenREIT
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SaizenReit - might be rising from tomb soon
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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| 20-Oct-2010 12:27 |
IPO
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Mapletree Industrial Trust-IPO by Temasek
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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| 20-Oct-2010 12:22 |
Global Logistic
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GLP looks set to soar!
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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| 20-Oct-2010 12:19 |
Global Logistic
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GLP 8.8 bil worthy response - top 30 stock in sgx
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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| 20-Oct-2010 12:16 |
Fixed Deposits
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## AGE Of ZERO Interest ## INFLATION ## POVERTY ##
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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| 20-Oct-2010 12:14 |
All-S Equities Prop
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[][][]PROPERTY[][][] City Dev+ CapitaLand+ KepLand
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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| 20-Oct-2010 12:13 |
All-S Equities Fin
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SINGAPORE BANKS - UOB + OCBC + DBS
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Japan govt says economy at standstill
TOKYO
In a monthly report, the government downgraded its assessment of the economy for the first time since Feb 2009. A senior Japanese official said further pressure on the economy, which is mired in stubborn deflation, could tip it into recession.
“If the economy turns out as expected in our main scenario, we may end up describing the current situation as a soft patch,” said the official at the Cabinet Office, which compiled the report. “But if it comes under further downward pressure, it could end up slipping into recession,” he said.
The government also cut its view on exports and industrial output, saying they were weakening,
which prompted the downgrade of its overall economic assessment.
A rise in the yen to a 15-year high against the dollar added to these woes.
Faltering recoveries from the global financial crisis in developed economies have pushed global investors into emerging markets in search of higher returns, driving up their currencies.
The move has been exacerbated by widespread expectations that the United States Federal Reserve will print billions of dollars to try to lift the US economy, sparking concerns that the extra liquidity will find its way into emerging markets.
Japan’s policymakers had earlier prompted the government to draw up a supplementary budget and the central bank to offer cheap loans and to promise to buy assets.
The government said it wanted the Bank of Japan to support the economy through “appropriate and flexible” monetary policy while the two branches work closely together — phrasing it used when it announced ¥5.05 trillion ($$80 billion) in stimulus spending on Oct 8.
The currency tensions will dominate a Group of 20 finance ministers’ meeting in South Korea starting on Friday and a G20 summit in November, as officials look to tackle the economic imbalances and the threat of competitive currency devaluation.
“Currencies will be the topic that many people will be talking about ... at the G20. I hope that good ideas will be put forward there and we will explain the present situation in Japan,” Finance Minister Yoshihiko Noda said.
Japanese Prime Minister Naoto Kan said yesterday he wants to implement stimulus measures as quickly as possible to support the expansion of the economy. |
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