Skip to main content

Stocks Slump Worldwide As Communist China Will Let Currency Appreciate Gradually

Stocks Slump Worldwide As Communist China Will Let Currency Appreciate Gradually

Stock indexes in the United States, Asia and Europe fell sharply as traders worried that the turmoil in Japan, the world’s third-largest economy, could slow down growth worldwide. Bond prices rallied and yields fell as investors turned to safe havens like the dollar and French, German and American bonds.
For investors, the questions were urgent but largely unanswerable: How significantly would production fall in Japan? Which companies were most at risk? How would a loss of nuclear power in Japan affect energy markets worldwide?

The benchmark index in Tokyo fell more than 11 percent, its lowest close in nearly two years and its largest two-day drop since 1987.  In the United States, indexes fell more than 2 percent in the morning but recovered somewhat in the afternoon. Stocks were helped by a statement by the Federal Reserve saying the economy was on “firmer footing” and that the labor market was “improving gradually.”more

Prime Minister Wen Jiabao, answering prescreened questions at an annual news conference, said Monday that Chinafaced daunting challenges of taming inflation and developing a more consumer-based economy, and that the government would allow the nation’s currency to appreciate but at a cautious pace in order to protect Chinese jobs and businesses.
Mr. Wen said China’s grass-roots elections should be expanded to higher levels of government, but stressed that change must occur “step by step,” under the control of the Communist Party.
On the delicate topic of the revolts and revolutions that have besieged authoritarian Arab governments in recent months, he said China’s record of speedy economic growth and fast-rising living standards made analogies with those countries “not right.”
Mr. Wen spoke as the National People’s Congress, in a vote whose results were preordained, approved the country’s new five-year development plan. Its strategy promises a surge in government spending on domestic security and social programs like medical insurance, but offers little in the way of legal, political or banking reform. One principal goal, the government has said, is to lessen economic dependence on factory exports and build up innovation and domestic consumption.
Mr. Wen described the war on inflation as the government’s top priority.more


Popular posts from this blog

1914 Germany Afrikaner farmer Agreement

thank you Etienne 
translated from Afrikaner to EnglishTo all the people of the white race all over the world, most of all to the German nation: This is an important agreement Concerning the South African Boer people and the German nation. It has to do with an agreement between the Boer rebellion and the German troops in Southwest Africa. The Boer rebellion were lead by leaders of the Afrikaaner nation (General Manie Maritz, General SG Maritz, General Koss Delarey) and who’ll be fought against the English in the Second Anglo-Boer war from 1899 to 1902, where the Afrikaaner nation under hun president In Paul Kruger ulcers completely humiliated by the English when ze ulcers forced to sign the Treaty of Vereeniging in 1902. The atrocities committed against the Boers in the Concentration camps ulcers horriffic to say the least, and at least 30 000 Boer women and Children Were driven from hun farms Which Were torched under Lord Kitchener’s Scorched Earth policies. The attached files are an ima…

Gangs are everywhere, including the burbs, not to worry though 'We Have A Program For That"

Hardcore Gangs Hit Ohio Suburbs GANGS IN THE ’BURBS
Subversive element creeping beyond Columbus’ borders
Last year, Westerville North High School suspended two students who flashed MS-13 hand signs and drew gang insignia during an English-asa-second-language class. MS-13, or Mara Salvatrucha, is a notoriously violent street gang with roots in Los Angeles. It was formed by immigrants from El Salvador.

Gang crime isn’t nearly as serious or common in the suburbs as in some Columbus neighborhoods, but suburban schools and police departments are increasingly on watch.
"It’s not so centralized in the inner city as it used to be," said Pat Brooks, a veteran Columbus police gang unit officer.

Suburban police call Brooks and his colleagues when they suspect gang activity in their jurisdictions.

Most of the crack dealers in Reynoldsburg are gang members who live in Columbus, said Tye Downard, a Reynoldsburg police narcotics detective.

They go there to make mor…

MS-13 and Los Zetas Drug cartels stealing millions of barrels of oil and taking over control of the drug trade.

Los Zetas vs Ms 13 from Los Zetas is an armed criminal gang that operates as a hired army for the Gulf Cartel. The group is believed to be led by Heriberto “The Executioner” Castanon. Los Zetas, the Ninth CartelTuesday, May 18, 2010 |  Borderland Beat Reporter Buggs