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US Exchange rate a concern for Europeans

Sunday, November 21, 2004

European finance ministers at the G-20 meeting which opened Saturday, November 20th, are expected to discuss the current exchange rate of the euro vs. the dollar. The euro is currently trading high against the dollar, so that it takes around $1.34 (as of December 4, 2004) to buy one euro. This has the effect of making exports from Europe to the USA more expensive, increasing the likelihood that US consumers will buy from a non-EU country. The exchange rate is set by the currency markets, although it is heavily influenced by the current account status (ie. the balance of trade between countries).

Some European leaders want the United States to take action to increase the value of its exchange rate. The US though is seen as not wanting to do this, for two reasons:

  1. A low dollar relative the euro means that all exports from the US to Europe are cheaper for Europeans to buy, increasing the likelihood that Europeans will buy US items and thus helping the US economy
  2. Many actions which governments have done in the past to bolster unnaturally their currency have been fought by the market, and the market won. The most famous example is George Soros’ “breaking of the Bank of England”

One side-issue that this discussion might evoke is that of the exchange rate between the dollar and the Chinese yuan, which is fixed by China. Studies of this exchange rate using the concept of purchasing power parity (ensuring that a dollar traded to Chinese yuan will still buy roughly the same amount in China) show that the Chinese yuan has been around 50% undervalued for the past two years. This makes things from China on average 50% cheaper for a US consumer than they should be. US officials have throughout 2004 repeatedly called for China to end this practice. Normally it would end itself, i.e. even with a fixed exchange rate this process could only go on for so long before the entire Chinese market becomes valued differently. But since the Chinese central bank has been constantly lending money to the United States government (via the purchasing of US treasury bonds), that effect is mitigated.

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Forex Brokers Best Forex Broker Comparisons

It is wise to compare Forex brokers before committing to trading. Forex brokers are different than other options brokers since their commission is paid from the spread the broker offers you rather than a straight commission fee.

Spreads are determined by pips and is the difference between the value of the bid and offer. With a fast moving market you need to be able to reach your broker at any time and have a stable, reliable platform to perform your trading.

A full service brokerage offer advice so you get the best possible spread for your trade. The frequency of your trading can determine the fees paid to your full service broker. It is to your benefit to review and revise your account fees and negotiate the terms and conditions with your broker frequently to get the best rates.

Using a full service brokerage that is accredited means they will be familiar with currency rates, terms and conditions for the exchange you are trading and will provide sound advice. Your broker should provide you with advice on the best time to swap currencies at any time by the current market conditions.

Understanding daily market trends based on current economic news and events is something your broker should keep you informed of with frequent current updates. It is in your best interest to become familiar with your broker and stay in constant contact through personal conversations.

Frequent conversations with your broker will enable you to obtain good advice on for your options trading. It will also help you understand the market in which you are trading. This type of advice and communication is best obtained from a top full service brokerage firm.

Stop losses are an important factor when trading Forex so you need to find out from your broker if they guarantee stop losses and if so what are the fees and charges associated with stop loss.

Slippage is another subject your broker should make you aware of when trading Forex since it is the price you request compared to the price you actually get.

Find a full service Forex brokerage with experience before you start trading.

Wikinews interviews former Salt Lake City mayor and 2012 presidential candidate Rocky Anderson

Wednesday, December 21, 2011

Former Salt Lake City mayor and human rights activist Rocky Anderson took some time to discuss his 2012 U.S. presidential campaign and the newly-created Justice Party with Wikinews reporter William S. Saturn.

Anderson served as mayor of Salt Lake City for eight years (2000–2008) as a member of the Democratic Party. During his tenure, he enacted proposals to reduce the city’s carbon emissions, reformed its criminal justice system, and positioned it as a leading sanctuary for refugees. After leaving office, Anderson grew critical of the Democratic Party’s failure to push for impeachment against President George W. Bush, and for not reversing policies on torture, taxes, and defense spending. He left the party earlier this year and announced that he would form a Third party.

Anderson officially established the Justice Party last week during a press conference in Washington D.C.. He proclaimed “We the people are powerful enough to end the perverse government-to-the-highest-bidder system sustained by the two dominant parties…We are here today for the sake of justice — social justice, environmental justice and economic justice.” The party promotes campaign finance reform and is attempting to appeal to the Occupy Wall Street movement. It is currently working on ballot access efforts, and will hold a Founding Convention in February 2012 in Salt Lake City.

Among other issues, Anderson discussed climate change, health care, education, and civil liberties. He detailed his successes as mayor of Salt Lake City, stressed the importance of executive experience, and expressed his views on President Barack Obama and some of the Republican Party presidential candidates. He spoke in depth about former Massachusetts governor Mitt Romney, with whom he worked during the 2002 Winter Olympics, and fellow Utahan, former governor and U.S. ambassador to China Jon Huntsman, Jr..

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China’s consumer prices rise to a three-year high in June as food prices soar 14.4 percent

Monday, July 11, 2011

China’s National Bureau of Statistics released data Saturday showing that the consumer price index (CPI) for June climbed 6.4% from a year ago. That compares with a 5.5% rise in May, which was the largest since a 6.3% increase in July 2008. The major factor contributing to this figure was the steep rise in food prices which climbed 14.4%. Pork is a major food staple in China, and its price rose 65% from last year.

Analysts predicted that China’s inflation would peak in June, but particularly worrisome was the steep rise in the cost of food from the same time last year and up from 11.7% in May, indicating that Beijing may have difficulty in controlling inflation.

We must treat stabilising overall price levels as the top priority … and keep the direction of macro-economic adjustments unchanged.

China is the world’s second largest economy, having grown robustly in the last two years driven by a 2009 governmental stimulus package of $586 billion and low interest rates offered by state-owned banks. These were directed at promoting investments in real estate construction and government infrastructure projects, enabling China to lead the global recovery after the collapse of the U.S. mortgage market led to a worldwide recession.

Now Beijing is attempting to slow its fast pace of growth, fearful of inflation, by restricting bank lending and raising interest rates. High inflation along with high property values could hurt the economy. Since October, China’s Central Bank has raised interest rates five times.

Many factors are contributing to China’s inflation, including higher wages for migrant workers, increases in the prices of food and gasoline, as well as diminished output from crucial agricultural areas cause by droughts and flooding this spring.

Today, China’s Premier Wen Jiabao indicated that the war on inflation was continuing and controlling inflation was a top priority for the government, increasing expectations that interest rates would be further increased.

If they signal any comfort with inflation, and inflation is as high as it is now, they could create an environment in which people would panic, and they can have a real problem on their hands.

“We must treat stabilising overall price levels as the top priority of our macro-economic controls and keep the direction of macro-economic adjustments unchanged,” Wen said today in comments reported on the central government’s website. He had said in March that the ruling Communist Party is worried that a continuing rise in food prices could result in public protests.

Wen said the government would boost the supply of hogs to keep the price of pork stable, the price of pork being the major contributor to China’s food inflation index and the most closely watched item on it.

“If they signal any comfort with inflation, and inflation is as high as it is now, they could create an environment in which people would panic, and they can have a real problem on their hands,” said Tim Condon, Asian researcher at ING.

As markets worried about the news of Chinese inflation as well as concerns about the European debt crisis, oil dropped below US$95 a barrel today.

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Weber Gas Grill Replacement Parts: Extend The Life Of Your Weber

Having the right knowledge about Weber gas grill replacement parts will potentially save you a lot of money if your Weber ceases to work properly. There are several key parts of a Weber that are more likely to fail than others, and these include the burners, cooking grids, rock grates, heat shields, and valves. There are also several other parts, but these are the most likely to fail.Burners. The burner is a hollow, tube-like structure at the bottom of the grill that provides the heat for cooking. Most grills only have a single burner and oftentimes the burner forms the shape of a capital H, but it can also be oval, a figure eight, or other shapes. Some grills, typically more expensive models, have multiple burners that are usually straight. They are comprised of gas inlet holes in one or more key areas and outlet ports along the length of the burner.Burners will usually fail after about one to five years of usage. The reasoning for this is that the drippings of meat are devastating to burners. Drippings contain moisture and acids that cause the burners to rust and corrode.The cooking grid (or grate), the surface where the food is actually cooked, is another part that may need replacement. Chrome-plated steal grids are the cheapest and shortest lasting of the grids. Porcelain-coated cast iron and steel grates are mid-range types of grids. Stainless steel grids are the most expensive, but they will last the longest and they typically come with a lifetime warranty.Rock grates and heat shields may also need to be replaced. Rock grates are metal cases that hold lava rocks or ceramic briquettes while heat shields are a plate or tent-like sheet of metal that covers the burner. Heat shields have several other names and are often found on most newer models of gas grills. Both rock grates and heat shields share the same purpose; they both disperse heat from the burners and protect the burners from drippings.Over time, the valves on a gas grill will rust over and begin to fail. Because valves need to be exact copies of the original, they can usually only be obtained directly from Weber. Most of the time when there is a valve failure the grill will be thrown away and replaced.There are many other parts that may need replacing during the life of a Weber gas grill. Some of the other parts that are cheap to replace include knobs, handles, gauges, and condiment trays. Almost anything can be replaced.The thing to keep in mind is that most parts can be replaced with after market parts to save a little bit of money. If you purchase after market parts, make sure they meet the specifications set forth in your owners manual.Seeking out Weber gas grill replacement parts is a great way to keep costs down while repairing your grill and extending its usable life. Having a basic understanding of the components of your Weber grill will make finding those parts easier.

[youtube]http://www.youtube.com/watch?v=v-x1Ms0l4aQ[/youtube]

Ontario Votes 2007: Interview with NDP candidate Paul Johnstone, Bruce-Grey-Owen Sound

Thursday, September 13, 2007

A resident of Bruce-Grey-Owen Sound his whole life, Correctional Services officer Paul Johnstone is running for the Ontario New Democratic Party in the Ontario provincial election. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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‘Earned It’ earns The Weeknd his first Grammy

Wednesday, February 17, 2016

On Monday, at the 58th Grammy Awards ceremony, Canadian singer The Weeknd won his first Grammy Award, Best R&B Performance, for his song Earned It, which was also featured on the soundtrack of the 2015 Fifty Shades of Grey movie based on E.L. James’s erotic novel Fifty Shades of Grey.

The Weeknd also won the Grammy Award for Best Urban Contemporary Album for his second studio album Beauty Behind the Madness. Abel Tesfaye — The Weeknd — had seven nominations in total including Record of the Year for his song Can’t Feel My Face and Album of the Year.

The YouTube video of the song received more than 179 million views and more than 1.1 million likes.The Weeknd was also nominated for Grammy Award for Best Pop Solo Performance, but British singer Ed Sheeran won the golden gramophone for his song Thinking Out Loud.

Last year, Beyoncé won the Award for Best R&B Song for Drunk in Love featuring her husband Jay-Z.This awards ceremony marked the first Grammy wins for The Weeknd, Justin Bieber and Ed Sheeran.

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Wikinews interviews Jeremy Hanke, editor of MicroFilmmaker Magazine

Friday, April 11, 2008

Wikinews held an exclusive interview with Jeremy Hanke, editor of MicroFilmmaker Magazine. The magazine, which is free to read online, was started as a resource for the low budget moviemaker and features book, independent film, equipment and software reviews as well as articles on film distribution, special effects and lighting.

He says that one of the goals of the magazine is to “connect low-budget filmmakers via a feeling of community, as many…..often compete so viciously against one another in film festivals for coveted “shots” with Hollywood, that they can quickly forget their similarities.”

When asked if films made on a shoestring budget can really compete with those made for millions of dollars, he replied, “no…yes…and absolutely. Allow me to explain.” And so he does in the interview below.

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Is Botox Right For You?

IS BOTOX RIGHT FOR YOU?

by

Dr.Charles R.Sexton

A Botox Cosmetic treatment is a simple, non-surgical procedure that smoothes the deep, persistent lines between your brows that developed over time. One ten-minute treatment – a few tiny injections – relaxes the muscles that cause those lines to form and keeps them relaxed for up to four months. Botox Cosmetic has been widely tested. Now, it is approved by the FDA.

[youtube]http://www.youtube.com/watch?v=ZQIoKkQyirk[/youtube]

The results are dramatic and apparent within days. In clinical trials, nearly 90% of the men and women surveyed rated the improvement in their brow lines as moderate to better. For many, Botox Cosmetic virtually “erases” these lines. Unlike surgery, Botox Cosmetic is fast, simple and minimally invasive, with no downtime or recovery. Most people return directly to work or normal activity following treatment. Within days, they report looking more natural and relaxed. With Botox Cosmetic, other people will know you’ve done something, but they just won’t know what. WHAT TO EXPECT FROM BOTOX COSMETIC Your doctor will determine exactly where to administer several tiny injections to achieve the best results. No anesthesia is required, although he or she may choose to numb the area with a cold pack or anesthetic cream prior to injecting. The entire procedure takes approximately ten minutes. Discomfort is minimal and brief – most patients compare the sensation to bug bite. It is unlikely you will develop significant side effects, although some people develop slight temporary bruising at the injection site, which can easily be covered by makeup. You may resume normal activity immediately. Within days, you’ll see a marked improvement which may continue to improve for as long as a week and should last up to four months. Botox Cosmetic relaxes the overactive muscles whose repeated contractions cause the lines between your brows to form. So you can frown, smile or look surprised – without the furrows, creases and wrinkles. WHO IS A GOOD CANDIDATE FOR BOTOX COSMETIC? Any image-conscious man or woman who is concerned about the appearance of their frown lines can consider treatment. Botox Cosmetic can be used by people from age 18 to 65. WHAT EXACTLY IS BOTOX COSMETIC? Botox is a natural, purified protein produced by the Clostridium botulinum bacterium. Very low doses of Botox Cosmetic are administered via a few tiny injections directly into the overactive muscles. The effects of Botox Cosmetic are usually confined to the injected region; it does not travel throughout the body. ARE BOTOX COSMETIC TREATMENTS PAINFUL? Botox Cosmetic discomfort is minimal and brief. Your physician may choose to use a local anesthetic cream or ice to minimize this. Once the injection is complete, there is usually no discomfort. HOW LONG DOES BOTOX COSMETIC LAST? Botox Cosmetic lasts up to four months. If you are interested in Botox Treatments, please visit Dr. Sexton’s office at 15825 Laguna Canyon Road, Suite 203, in Irvine. The phone number is 949-679-6900, and he can be seen from 8 a.m. to 5 p.m. Mondays through Fridays. His Web site is www.drsexton.net.

Dr. Charles Sexton,a

Board Certified Dermatologist

, has been practicing general and

cosmetic dermatology

in the Irvine, Laguna Beach, and Orange County, California area for the past 10 years. Offering

Botox

, Restylane, and IPL, Dr. Sexton has been treating patients throughout the Southern California area for over 18 years.

Article Source:

ArticleRich.com

Race to save Chilean miners trapped underground from spiralling into depression continues

Thursday, September 2, 2010

It has emerged that the 33 Chilean miners trapped underground after the mine they were working in collapsed could be brought to the surface in a shorter time than was initially feared. While officials publicly announced that the men would not be brought to the surface until Christmas, sources inside technical meetings have revealed that they could in fact be on the surface by early November. The news comes as families were allowed to speak by radio-telephone to their trapped loved ones on Sunday. Over the weekend, video images filmed by the miners emerged showing the miners playing dominoes at a table and singing the Chilean national anthem. The miners also used the camera to send video messages to their families on the surface, saying that they regularly broke into tears, but were feeling better having received food and water.

The grainy nightvision images, filmed on a high definition camcorder that was sent down a small shaft to the mine, show the men in good spirits, chanting “long live Chile, and long live the miners.” They are unshaven and stripped to the waist because of the heat underground, and are seen wearing white clinical trousers that have been designed to keep them dry. Giving a guided tour of the area they are occupying, Mario Sepúlveda, one of the miners, explains they have a “little cup to brush our teeth”, and a place where they pray each day. “We have everything organized,” he tells the camera. Gesturing to the table in the center of the room, he says that “we meet here every day. We plan, we have assemblies here every day so that all the decisions we make are based on the thoughts of all 33.” Another unidentified miner asks to rescuers, “get us out of here soon, please.” A thermometer is shown in the video, reading 29.5C (85F).

As the film continues, it becomes evident that the miners have stuck a poster of a topless woman on the wall. The miners appear shy, and one man puts his hand to his face, presumably dazzled by the light mounted on the cameraman’s helmet. One miner sent a message to his family. “Be calm”, he says. “We’re going to get out of here. And we thank you from the bottom of our hearts for your efforts.” Another said that the miners are “sure that there are people here in Chile that are big people, that are powerful people, that are intelligent people, and they have the technology and they will all work together to get us out of here.” Speaking to the camera, one says: “we have had the great fortune that trapped in this mine there are good, professional people. We have electricians, we have mechanics, we have machine operators and we will let you know that while you are working to rescue us on the surface, we are down here ready to help you too.” It has been reported that Mario Gómez, 63, has become the group’s “spiritual leader”, having worked in the mines for over fifty years. He has requested that materials to build a shrine be sent down to the cavern.

Upon seeing the video in a private screening, family members, who are living in a small village of tents at the entrance to the San José copper-gold mine—which they have named Camp Hope—were elated. “He’s skinny, bearded and it was painful to see him with his head hanging down, but I am so happy to see him alive”, said Ruth Contreras, the mother of Carlos Bravo, who is trapped in the mine. The video, of which only a small portion has been released to the public, shows the miners, many of them wearing helmets, cracking jokes and thanking the rescuers for their continued efforts. The supplies are being sent to the men through a small shaft only twelve centimeters wide, and a laboratory has been set up with the purpose of designing collapsible cots and miniature sandwiches, which can be sent down such a narrow space.

CNN reported on Friday that “officials are splitting the men into two shifts so one group sleeps while the other works or has leisure time .. On average, each man has lost 22 pounds (10 kilograms) since they became trapped three weeks ago, and dehydration remains a threat. But a survey of the men indicates that at least nine miners are still too overweight to fit through the proposed rescue shaft. Initially, the miners survived by draining water from a water-cooled piece of equipment. To stay hydrated in the 90-degree mine, each miner must drink eight or nine pints of water per day.”

But while there are jubilant celebrations on the surface that the miners are alive, officials are now nervous that the miners could become depressed, trapped in a dark room the size of a small apartment. Chilean health minister Jaime Mañalich said that, on the video, he saw the telltale signs of depression. “They are more isolated, they don’t want to be on the screen, they are not eating well”, he said. “I would say depression is the correct word.” He said that doctors who had watched the video had observed the men suffering from “severe dermatological problems.” Dr. Rodrigo Figueroa, head of the trauma, stress and disaster unit at the Catholic University in Santiago, Chile, explained that “following the euphoria of being discovered, the normal psychological reaction would be for the men to collapse in a combination of fatigue and stress … People who are trained for emergencies – like these miners – tend to minimize their own needs or to ignore them. When it is time to ask for help, they don’t.” NASA has advised emergency workers that entertaining the miners would be a good idea. They are to be sent a television system complete with taped football matches. Another dilemma facing Mañalich is whether the miners should be permitted to smoke underground. While nicotine gum has been delivered to the miners, sending down cigarettes is a plan that has not been ruled out.

With the news that drilling of the main rescue tunnel was expected to begin on Monday, officials have informed the media that they hope to have the miners out of the mine by Christmas—but sources with access to technical meetings have suggested that the miners could actually be rescued by the first week of November. A news report described the rescue plan—”the main focus is a machine that bores straight down to 688m and creates a chimney-type duct that could be used to haul the miners out one by one in a rescue basket. A second drilling operation will attempt to intercept a mining tunnel at a depth of roughly 350m. The miners would then have to make their way through several miles of dark, muddy tunnels and meet the rescue drill at roughly the halfway point of their current depth of 688m.” Iván Viveros Aranas, a Chilean policeman working at Camp Hope, told reporters that Chile “has shown a unity regardless of religion or social class. You see people arriving here just to volunteer, they have no relation at all to these families.”

But over the weekend, The New York Times reported that the “miners who have astonished the world with their discipline a half-mile underground will have to aid their own escape — clearing 3,000 to 4,000 tons of rock that will fall as the rescue hole is drilled, the engineer in charge of drilling said Sunday … The work will require about a half-dozen men working in shifts 24 hours a day.” Andrés Sougarret, a senior engineer involved in operating the drill said that “the miners are going to have to take out all that material as it falls.”

The families of those trapped were allowed to speak to them by radio-telephone on Sunday—a possibility that brought reassurance both the miners and those on the surface. The Intendant of the Atacama Region, Ximena Matas, said that there had been “moments of great emotion.” She continued to say that the families “listened with great interest and they both felt and realized that the men are well. This has been a very important moment, which no doubt strengthens their [the miners’] morale.” The phone line is thought to be quite temperamental, but it is hoped that soon, those in the mine and those in Camp Hope will be able to talk every day. “To hear his voice was a balm to my heart … He is aware that the rescue is not going to happen today, that it will take some time. He asked us to stay calm as everything is going to be OK … He sounded relaxed and since it was so short I didn’t manage to ask anything. Twenty seconds was nothing”, said said Jessica Cortés, who spoke to her husband Víctor Zamora, who was not even a miner, but a vehicle mechanic. “He went in that day because a vehicle had broken down inside the mine … At first they told us he had been crushed [to death].”

Esteban Rojas sent up a letter from inside the mine, proposing to his long-time partner Jessica Yáñez, 43. While they have officially been married for 25 years, their wedding was a civil service—but Rojas has now promised to have a church ceremony which is customary in Chile. “Please keep praying that we get out of this alive. And when I do get out, we will buy a dress and get married,” the letter read. Yáñez told a newspaper that she thought he was never going to ask her. “We have talked about it before, but he never asked me … He knows that however long it takes, I’ll wait for him, because with him I’ve been through good and bad.”

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