Make your own business cards online. Type in your contact information, point to your logo and get a printable PDF that you can take to virtually any printer (Kinko's
Thursday, 11 November 2010
Make Business Cards
Make Business Cards
Make your own business cards online. Type in your contact information, point to your logo and get a printable PDF that you can take to virtually any printer (Kinko's
Make your own business cards online. Type in your contact information, point to your logo and get a printable PDF that you can take to virtually any printer (Kinko's
Unlocked iPhone 4G 32gb,HTC Touch HD2)ArabPhones
Unlocked iPhone 4G 32gb,HTC Touch HD2)ArabPhones
EL-EID FITRI SPECIAL OFFER IN JEDDAH SAUDI ARABIA ONLY....
EL-EID FITRI SPECIAL OFFER IN JEDDAH SAUDI ARABIA ONLY....
Cisco shares hit by outlook fears
Cisco shares hit by outlook fears
Cisco chief executive John Chambers tried to reassure investors that the performance was "solid"
Currencies set to dominate G20 summit agenda
Currencies set to dominate G20 summit agenda
There are fears the G20 meeting in Seoul could descend into a row between the US and China about so-called "currency wars" and trade imbalances.
Ahead of the meeting, US President Barack Obama urged leaders to work together for global economic recovery.
He also defended the US's policy of pumping $600bn into the economy.
"In a prudent, stable way, we want to make sure that we are boosting growth rates at home as well as abroad," Mr Obama said of the policy announced last week designed to kick-start the US economy's fragile recovery.
The pact was agreed three years ago, but has since stalled over US lawmakers concerns about access to South Korean markets for US beef and cars.
"We agreed that more time is needed to resolve detailed issues and asked trade ministers to reach a mutually acceptable deal as soon as possible," South Korean President Lee Myung-bak said after meeting the US president.
He also said the US remained open to negotiations with North Korea to end its nuclear programme as long as Pyongyang showed "seriousness of purpose".
The world's leading economies have begun a summit in South Korea, with currency policies set to dominate the agenda.
Ahead of the meeting, US President Barack Obama urged leaders to work together for global economic recovery.
He also defended the US's policy of pumping $600bn into the economy.
"In a prudent, stable way, we want to make sure that we are boosting growth rates at home as well as abroad," Mr Obama said of the policy announced last week designed to kick-start the US economy's fragile recovery.
Continue reading the main story
It was formed in 1999, and held its first meeting that year.
Until 2008 the G20 was overshadowed by the smaller G8 grouping of France, Germany, Italy, Japan, the UK, the US, Canada and Russia.
However, this has changed since the global financial crisis of 2008, and the G20 has effectively now replaced the G8 as the main global economic forum.
The major growth in the economies of G20 members China, India and Brazil has also contributed to the rising importance of the grouping.
The G20 currently meets twice a year, but this is set to reduce to one meeting from 2011.
What is the G20?
The G20 group comprises the world's 19 leading national economies, plus the European Union.It was formed in 1999, and held its first meeting that year.
Until 2008 the G20 was overshadowed by the smaller G8 grouping of France, Germany, Italy, Japan, the UK, the US, Canada and Russia.
However, this has changed since the global financial crisis of 2008, and the G20 has effectively now replaced the G8 as the main global economic forum.
The major growth in the economies of G20 members China, India and Brazil has also contributed to the rising importance of the grouping.
The G20 currently meets twice a year, but this is set to reduce to one meeting from 2011.
"It is difficult to do that if we start seeing the huge imbalances redevelop that helped to contribute to the crisis that we just went through."
The US and South Korea also announced that they had failed to seal a free trade deal, in talks ahead of the main G20 meeting.The pact was agreed three years ago, but has since stalled over US lawmakers concerns about access to South Korean markets for US beef and cars.
"We agreed that more time is needed to resolve detailed issues and asked trade ministers to reach a mutually acceptable deal as soon as possible," South Korean President Lee Myung-bak said after meeting the US president.
He also said the US remained open to negotiations with North Korea to end its nuclear programme as long as Pyongyang showed "seriousness of purpose".
Iraq parties reach deal on government, negotiator says
Iraq parties reach deal on government, negotiator says
Nouri Maliki gradually gained the support of parliament's smaller factions
Thursday, 4 November 2010
Federal Reserve to pump $600bn into US economy
Federal Reserve to pump $600bn into US economy
The US economy grew by an annual rate of 2% between July and September, which is not enough to reduce high unemployment.
Some analysts see QE as the last chance to get the US economy back on track.
The move was widely flagged, with most analysts expecting the Fed to inject $500bn into the economy.
For this reason, stock markets rose only slightly, with the Dow Jones closing up 26 points at 11,215, still enough to take the index to its highest level for two years.
Second step Interest rates are already close to zero, which means the Fed cannot reduce rates any further in order to boost demand - the more traditional policy used by central banks to stimulate growth.
Instead, it has announced a fresh round of QE, in which it will create money to buy long-dated government bonds.
The programme has been dubbed QE2, after the Fed pumped $1.75tn into the economy during the downturn in its first round of QE.
It is in addition to the Fed's previously announced plan to reinvest $250bn-$300bn of repayments it is due from existing US mortgage debt investments over the coming year.
Bank lending
Opinions are divided about how effective QE2 will be, partly because of questions about how much impact the first, much larger, round of QE had.
Some observers credit the programme with pulling the US out of recession, while others argue that it had little impact on consumer demand and the tight credit conditions that make it hard for individuals and businesses to access bank finance.
As a result, some economists believe the Fed will have to pump far more than $500bn into the economy to make a meaningful difference.
"The bottom line is the plan provides a boost to the economy's growth, but it is not going to solve our problems," said Mark Zandi, chief economist at Moody's Analytics.
"Even with the Fed's action, we're going to feel uncomfortable about the economy in the next six to 12 months."
Slow growth What most do agree on, however, is that the Fed had to do something.
The US economy grew at an annualised rate of 2% between July and September.
The annualised rate is the rate at which the economy would grow over a year if the three-month growth rate were replicated over all four quarters.
While this was an improvement on the 1.7% annualised growth seen between April and June, it was less than the 3.7% annualised growth recorded in the first three months of the year.
Together, these growth rates are below the historical rates posted by the US economy during recoveries from past recessions.
Also a cause for concern is the fact that growth in business inventories made up more than two-thirds of the annualised 2% third-quarter growth - in other words, businesses simply re-stocking following the downturn.
Job losses Such modest rates of growth are having little impact on the high level of unemployment in the US, which currently stands at 9.6%.
Official figures show that the economy lost a 95,000 jobs in September, as public-sector cuts outpaced hiring by the private sector.
This was almost double the figure for August, when 54,000 jobs were lost.
It is this high level of unemployment that is acting as a key drag on economic growth.
Unemployment remains stubbornly high in the US at 9.6%
The Federal Reserve has announced that it will pump $600bn (£373bn) into the US economy by the end of June next year to try to boost the fragile recovery.
This stimulus equates to $75bn a month, in a second round of "quantitative easing" (QE).The US economy grew by an annual rate of 2% between July and September, which is not enough to reduce high unemployment.
Some analysts see QE as the last chance to get the US economy back on track.
The move was widely flagged, with most analysts expecting the Fed to inject $500bn into the economy.
For this reason, stock markets rose only slightly, with the Dow Jones closing up 26 points at 11,215, still enough to take the index to its highest level for two years.
Second step Interest rates are already close to zero, which means the Fed cannot reduce rates any further in order to boost demand - the more traditional policy used by central banks to stimulate growth.
Instead, it has announced a fresh round of QE, in which it will create money to buy long-dated government bonds.
The programme has been dubbed QE2, after the Fed pumped $1.75tn into the economy during the downturn in its first round of QE.
It is in addition to the Fed's previously announced plan to reinvest $250bn-$300bn of repayments it is due from existing US mortgage debt investments over the coming year.
Bank lending
Opinions are divided about how effective QE2 will be, partly because of questions about how much impact the first, much larger, round of QE had.
Some observers credit the programme with pulling the US out of recession, while others argue that it had little impact on consumer demand and the tight credit conditions that make it hard for individuals and businesses to access bank finance.
As a result, some economists believe the Fed will have to pump far more than $500bn into the economy to make a meaningful difference.
"The bottom line is the plan provides a boost to the economy's growth, but it is not going to solve our problems," said Mark Zandi, chief economist at Moody's Analytics.
"Even with the Fed's action, we're going to feel uncomfortable about the economy in the next six to 12 months."
Slow growth What most do agree on, however, is that the Fed had to do something.
The US economy grew at an annualised rate of 2% between July and September.
The annualised rate is the rate at which the economy would grow over a year if the three-month growth rate were replicated over all four quarters.
While this was an improvement on the 1.7% annualised growth seen between April and June, it was less than the 3.7% annualised growth recorded in the first three months of the year.
Together, these growth rates are below the historical rates posted by the US economy during recoveries from past recessions.
Also a cause for concern is the fact that growth in business inventories made up more than two-thirds of the annualised 2% third-quarter growth - in other words, businesses simply re-stocking following the downturn.
Job losses Such modest rates of growth are having little impact on the high level of unemployment in the US, which currently stands at 9.6%.
Official figures show that the economy lost a 95,000 jobs in September, as public-sector cuts outpaced hiring by the private sector.
This was almost double the figure for August, when 54,000 jobs were lost.
It is this high level of unemployment that is acting as a key drag on economic growth.
Federal Reserve move pushes stocks up and dollar down
Federal Reserve move pushes stocks up and dollar down
World stock markets have opened higher and the US dollar has fallen as investors digest the announcement from the Federal Reserve that it will pump $600bn (£373bn) into the US economy.
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