Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts

Sunday, 3 May 2009

Warmest Words In A Half-Century







PORT-OF-SPAIN, Trinidad — Trading their warmest words in a half-century, the United States and Cuba pressed ahead Friday with a dizzying series of gestures as leaders of the Americas gathered for a summit. The momentum was so great that the head of the Organization of American States said he'll ask his group to invite Cuba back after 47 years.

In a diplomatic exchange of the kind that normally takes months or years, President Barack Obama this week dropped restrictions on travel and remittances to Cuba, then challenged his Cuban counterpart Raul Castro to reciprocate.

Within hours, Castro responded with Cuba's most open offer for talks since the Eisenhower administration, saying he's ready to discuss "human rights, freedom of the press, political prisoners everything." Cuban officials have historically bristled at discussing human rights or political prisoners, of whom they hold about 200.

The United States fired back Friday, with Secretary of State Hillary Rodham Clinton offering: "We welcome his comments, the overture they represent and we are taking a very serious look at how we intend to respond."

And OAS Secretary-General Jose Miguel Insulza said he would ask the 34 member nations to invite Cuba back into the fold. Analysts doubted Insulza known for his political caution would have done so without a nod from Washington.

"We're going step by step," Insulza said. He called on the group to annul the 1962 resolution that suspended Cuba because its "Marxist-Leninist" system was incompatible with OAS principles. If two-thirds of foreign ministers agree at a meeting in Honduras next month, the communist government will be reinstated.

But while White House spokesman Robert Gibbs said U.S. officials were struck by Castro's new openness to admit change might be needed, he also said Cuba needed to start making concrete moves toward freedom.




President Barack Obama waves as he arrives for the 5th Summit of the Americas in Port of Spain, Trinidad.

President Barack Obama arrives for the 5th Summit of the Americas in Port of Spain, Trinidad and Tobago, Friday, April 17, 2009.


US President Barack Obama arrives at Piarco International Airport in Port of Spain, Trinidad April 17, 2009 to attend the 5th Summit of the Americas.


President Barack Obama waves as he arrives for the 5th Summit of the Americas in Port of Spain.


Bolivia's President Evo Morales, Cuba's President Raul Castro, center, and Venezuela's President Hugo Chavez, right, waved during the official photo of the Bolivarian Alternative for the Americas, or ALBA, Summit in Cumana, Venezuela.


A Marine One helicopter, with President Barack Obama on board, prepared to land at the Campo de Marte military field in Mexico City Thursday April 16, 2009. President Obama was in Mexico for a brief official visit on his way to attend the Summit of the Americas in the Caribbean.

President Barack Obama arrived at the Los Pinos presidential residence surrounded by Mexican honor guards in Mexico City.


President Barack Obama, left, smiles during a joint news conference with Mexican President Felipe Calderon at Los Pinos presidential residency in Mexico.


A man waved a flag of US President Barack Obama in Port of Spain, on April 16, 2009 a day before the opening of the 5th Summit of the Americas. Trinidad and Tobago is to become the first Caribbean state to host a summit of the Americas, where a total of 34 countries from across the American continent will converge - all, in fact, except Cuba - excluded due to US pressure, on April 17-19.


U.S. Secretary of State Hillary Clinton, left, shook hands with Dominican republic's President Leonel Fernandez at the end of a press conference at the national palace in Santo Domingo, Friday, April 17, 2009. Clinton was on a 24 hours official visit to Dominican republic.








Friday, 20 February 2009

Ship From China

Ship From China - The Emma Maersk

It was on TV and showed in detail how the ship was built. Every thing on that ship is massive.
What a ship... no wonder 'Made in China' is displacing North American goods big time with this floating continent transporting goods across the Pacific in 4 days no less!!!
This is how Wal-Mart gets all it's stuff from China . Get a load of this ship! 15,000 containers and a 207' beam! And look at the crew-size: 13 people for a ship longer than a US aircraft carrier which has a crew of 5,000 men and officers.

Think it's big enough? Notice that 207' beam means it cannot fit through thePanama or Suez Canals . It is strictly transpacific. Check out t he cruise speed: 31 knots means the goods arrive 4 days before the typical container ship (18-20 knots) on a China-to-California run. So this behemoth is hugely competitive when carrying perishable goods.



This ship was built in five sections. The sections floated together and then welded. The command bridge is higher than a 10-story building and has 11 cargo crane rigs that can operate simultaneously.



Additional info:
Country of origin - Denmark
Length - 1,302 ft
Width - 207 ft
Net cargo - 123,200 tons
Engine - 14 in-line cylinders diesel engine (110,000 BHP)
Cruise Speed - 31 knots
Cargo capacity - 15,000 TEU (1 TEU = 20 ft3)
Crew - 13 people
First Trip - Sept. 08, 2006
Construction cost - US $145,000,000+


Silicone painting applied to the ship bottom reduces water resistance and saves 317,000 gallons of diesel per year.





Editorial Comment! A recent documentary on the History Channel, noted that most all of these containers are shipped back to China , EMPTY … yep you heard it right. We send nothing back on most of these ships. What does that tell you about the current Financial State of this country?


Unsold Cars From Around The World




Nissan has announced plans to cut its Sunderland workforce by 1,200. Thousands of unsold cars are stored around the factory's test track.

Honda is halting production at its Swindon plant in April and May, extending the two-month closure announced before Christmas to four months. Honda and Japanese rival Toyota are both cutting production in Japan and elsewhere. Pictured, Hondas await export at a pier in Tokyo.


Earlier this week Jaguar Land Rover said 450 British jobs would go.


The open car storage areas in Corby , Northamptonshire, are reaching full capacity.


Imported cars stored at Sheerness open storage area awaiting delivery to dealers.


Newly imported cars fill the 150-acre site at the Toyota distribution centre in Long Beach , California.


The build-up of imported cars at the port of Newark , New Jersey.


Stocks of Ford trucks in Detroit , Michigan.


New cars jam the dockside in the port of Valencia in Spain.


Peugeot cars await shipment to Italian dealers at the port of Civitavecchia.


Unsold cars at Avonmouth Docks near Bristol.


With many manufacturers on extended Christmas shutdown, the number of cars rolling off production lines in December fell 47.5% to just 53,823.


Thousands of new cars are stored on the runway at the disused Upper Heyford airbase near Bicester, Oxfordshire, on December 18, 2008.


Sales of new cars in the UK have slumped to a 12-year-low and production of cars at Honda in Swindon has been halted for a unprecedented four-month period because of the collapse in global sales and represents the longest continuous halt in production at any UK car plant. The announcement comes on a day when the EU's Industry Commissioner Guenter Verheugen warned the outlook for the European car industry was 'brutal' and predicted not all European manufacturers would survive the crisis.



Sunday, 4 January 2009

Global 2000 Winners & Losers


These companies have seen their Global 2000 rank either leap upward, or fall significantly, over the last 12 months.


Big Increases
Agrium (CA)
Industry: Chemicals
2008 Rank: 1054
Rank Gain: +879


Big Increases
NYSE Euronext (US)
Industry: Diversified financials
2008 Rank: 777
Rank Gain: +877

Big Increases
Telecom of NZ (NZ)
Industry: Telecommunications services
2008 Rank: 1095
Rank Gain: +870

Big Increases
Angang New Steel (CN)
Industry: Materials
2008 Rank: 731
Rank Gain: +751

Big Increases
Foster Wheeler (BU)
Industry: Construction
2008 Rank: 1233
Rank Gain: +740


The companies below-all involved in either financial services or housing—lost a combined $27 billion in market value since last year.


Big Decreases
Ambac Financial (US)
Industry: Insurance
2008 Rank: 1761
Rank Loss: –883

Big Decreases
E-Trade Financial (US)
Industry: Diversified financials
2008 Rank: 1545
Rank Loss: –837

Big Decreases
Fidelity Nat Finl (US)
Industry: Insurance
2008 Rank: 1884
Rank Loss: –823

Big Decreases
MBIA (US)
Industry: Insurance
2008 Rank: 1590
Rank Loss: –791

Big Decreases
Lennar (US)
Industry: Construction
2008 Rank: 1444
Rank Loss: –767

Thursday, 9 October 2008

Zero Dollar Bill




Artist Laura Gilberts' print 'The Zero Dollar' protesting the breakdown of the American economy. Gilbert distributed 10,000 of the fake greenbacks in front of the New York Stock Exchange on Tuesday, Oct. 7, 2008 to call attention to the economic crisis gripping the nation. (AP Photo/Mary Altaffer)


In front of a statue of George Washington at Federal Hall, New York. (AP Photo/Mark Lennihan)

Artist Laura Gilbert talks with investment banker Alex Kushnir as she hands out her 'Zero Dollar' artwork in front of the New York Stock Exchange. (AP Photo/Mark Lennihan)

In front of the New York Stock Exchange. (AP Photo/Mark Lennihan)

In front of the New York Stock Exchange. (AP Photo/Mark Lennihan)

Artist Laura Gilbert hands out her print 'The Zero Dollar' protesting the breakdown of the American economy on the steps of Federal Hall, New York. (AP Photo/Mary Altaffer)

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