 | | Weekly Online Newsletter 31 Jan 2013 | If you were forwarded this by a colleague please click here to subscribe | Five must-read pieces from the magazine The Tories are blinded by rage against the Lib Dems, while Labour's cold fury is thawing Most of Labour's shadow ministers think another hung parliament is the likeliest outcome of the next election. By Rafael Behr Modern times are upside down - an invasion is not news; licence to lie takes you to the movies A full-scale invasion of Africa is under way. By John Pilger As illness ends Hugo Chávez's rule in Venezuela, what will his legacy be? The Venezuelan president brought hope to a continent. By Richard Gott Hugo Chávez: An elected autocrat He kept power by bullying those who dissented - and his departure leaves a dangerous vacuum. By Rory Carroll The closed circle: Britain's culture of secrecy "Cruel Britannia: a Secret History of Torture" and "Classified: Secrecy and the State in Modern Britain" reviewed. By Heather Brooke Five must-read blogs Poll Tax II: the poorest face council tax rises of up to 333% A single parent working part-time on the minimum wage could pay £404 more in council tax from this April. By George Eaton Free schools will invite corruption unless we fix them now American free schools went through 20 years of shady deals because of their shoddy legislation. Now Britain is heading down the same path. By Laura McInerney Why I don't agree with trigger warnings When I was suffering from PTSD, I didn't want to be wrapped in cotton wool. By Rhiannon Lucy Cosslett Apple's secret weakness: its margins aren't as high as you think 55 per cent profit margins sounds like a lot, but someone's got to pay for iOS. By Alex Hern David Owen's NHS bill offers a final chance to save our health service Labour and the Lib Dems must support a bill that restores the right of all citizens to comprehensive care. By Allyson Pollock and David Price The issue is on sale now, or you can subscribe through the website. Special Offer Get 12 Issues for just £12, plus £5 Waterstones voucher Subscribe today for the following benefits: - Save £125 on the annual cover price!
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“How Washington Hurts Small Community Banks” Posted: 31 Jan 2013 06:52 AM PST The other day I addressed the current David vs Goliath situation in the banking industry and presented The Case for Community Banks. There is no doubt that the crisis that emanated on Wall Street required some real regulatory attention. Regrettably the "one size fits all" regulatory changes embedded in Dodd-Frank is not the answer. Not that people in Washington with little background in markets and the economy might understand that. Let's listen to former Inspector General for the TARP, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards  | Commodities: Crude Oil And Gold May Correct Lower Before NFP, ISM Posted: 31 Jan 2013 03:18 AM PST Crude oil and gold prices may correct downward amid profit-taking following yesterday's rally as investors brace for Friday's much-anticipated NFP and ISM data. Talking Points Commodity Prices May Turn Lower Amid Corrective Profit-Taking Traders Looking Past Quiet Thursday Docket to Friday's NFP, ISM Commodity prices are in consolidation mode in European trade. A lackluster economic calendar in US hours and absent conviction on the risk sentiment front (as telegraphed by flat S&P … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards  |
Malaysia Holds Rate, To Keep Policy While Inflation Low Posted: 31 Jan 2013 03:08 AM PST Malaysia’s central bank kept its benchmark Overnight Policy Rate (OPR) steady at 3.0 percent, as widely expected, saying its policy stance remains supportive of growth while inflation is contained. Bank Negara Malaysia (BNM), which has held its policy rate unchanged since June 2011, said data showed that the domestic economy had expanded at a robust pace in the fourth quarter of 2012, driven by sustained domestic consumption and investments with some improvement in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards  | Forex Trading: Concerns Regarding US Economy Leads To Losses For USD Posted: 31 Jan 2013 12:13 AM PST Concerns Regarding US Economy Leads to Losses for USD The US dollar took losses against several of its main currency rivals yesterday, amid concerns regarding the US economic recovery, highlighted by a worse than expected Advance GDP figure. Meanwhile, the euro extended its bullish trend, as positive signs out of the EU banking sector encouraged investors to shift their funds to riskier assets. Today, investors will be paying attention to news out of both the EU and US. The German Unemployment … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards  | More Overbought Warnings From BoAML Posted: 29 Jan 2013 12:47 AM PST Just as BoAML strategist Michael Hartnett trumpeted his Great Rotation into equities investment theme which postulated that under-invested individuals and institutions would rotate from bonds into stocks, his colleague FX strategist Richard Cochinos made a tactical call against the risk-on trade (via Business Insider): “Bottom line,” Cochinos writes, “Several indicators are calling for a risk correction. USD selling has reached previous reversion levels and greater buy-backs are to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards  |
New tactic employed for tackling unsold apartments Posted: 30 Jan 2013 11:24 PM PST Property enterprises have varied the apartment-for-rent model aiming to slash their apartment inventory, with one of the solutions asking for no monthly rentals from tenants but a deposit. Nguyen Van Duc, deputy director of Dat Lanh Real Estate Co., said that the firm was sounding out the market's reactions after launching 22 apartments of the [...]  | Rice storage program to begin after Tet Posted: 30 Jan 2013 11:23 PM PST A plan to purchase one million tons of rice for temporary storage will begin after the Lunar New Year holiday, said Truong Thanh Phong, chairman of the Vietnam Food Association (VFA). He said the Prime Minister had given the nod to the plan for buying one million tons of the winder-spring rice for stockpiling. The [...]  | Foreign investment up 5% on last January Posted: 30 Jan 2013 11:21 PM PST Disbursements of foreign direct investment in the first month of the year rose by 5% over the same month last year to a total of 420 million USD, according to the Foreign Investment Agency (FIA). Newly registered capital also skyrocketed by 74% to 281.4 million USD. Thirty-seven new projects accounted for 257 million USD of [...]  | Inflation restraint and economic growth – dual objectives Posted: 30 Jan 2013 11:21 PM PST The Government spokesman emphasized on the importance of lowering inflation while increasing growth during this month's regular Government press conference on January 29. As part of his answer to a press question on January's consumer price index (CPI), Minister, Chairman of the Office of Government, Vu Duc Dam said: "Inflation control and macroeconomic stability remain [...]  | Real estate profitability downplayed by Ministry Posted: 30 Jan 2013 11:15 PM PST The Ministry of Construction has denied rumours that over three-quarters of all companies operating in the real estate and construction industries nationwide managed to post profits last year despite the well-publicised difficulties of the real estate market. Some local newspapers had quoted ministry statistics saying that 42,197 of these enterprises had reported profits in 2012, [...]  | Trade pact would lead to mixed blessings Posted: 30 Jan 2013 11:14 PM PST Policy-makers and experts have publicly stated that joining the Trans-Pacific Partnership (TPP) Agreement will help accelerate the trade in Vietnamese exports, especially to the US market, for items including textiles, seafood, footwear and wooden products. The consensus was reached during a seminar on the Trans-Pacific partnership and the potential benefits and opportunities it offers businesses. [...]  | Shares reverse gains to lose value Posted: 30 Jan 2013 11:11 PM PST Shares retreated this morning, halting the six-day rally. On the HCM City Stock Exchange, the VN-Index lost 0.9 per cent to 483.27 points. Most shares closed unchanged, while 71 stocks added value and the remaining 61 tumbled. Blue chips were heavily sold, with over two-thirds of the 30 leading shares declining. The VN30, tracking these [...]  | Shrimp prices sky rocket in Mekong Delta Posted: 30 Jan 2013 11:11 PM PST According to the Vietnam Association of Seafood Exporters and Producers (Vasep), shrimp prices have sky rocketed in the Mekong Delta. At present, traders are paying VND240,000 a kilogram for 20 tiger prawns and VND160,000-170,000 a kilogram for 30, an increase of VND100,000 compared to a week ago. This is the highest price in the last [...]  | Infamous Vinalines expects $101 mln loss in 2013 Posted: 30 Jan 2013 11:07 PM PST While it is now only the end of the very first month of 2013, loss-ridden shipping firm Vinalines has already posted a gloomy picture for the rest of the year, with its full-year loss expected to reach VND2.1 trillion, or US$100.96 million. Sharing the hardship of the ocean transport sector, Vinalines expects to suffer a [...]  | 53,000-tonne cargo ship delivered to UK company Posted: 30 Jan 2013 11:06 PM PST The Ha Long Shipbuilding Company on January 30 handed over a 53,000-tonne cargo ship to its United Kingdom's partner, MUHR Maritime Pte. The cargo ship, named Anne Kjersti, will make its maiden voyage to Singapore on January 31. The ship is the ninth in a series of ten 53,000 tonne-vessels that Ha Long Shipbuilding Company [...]  |
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