Wednesday, September 5, 2012
Gross: Gold a Better Investment Than Bonds, Stocks
Sept. 5 (Bloomberg) -- Bill Gross, managing director at Pimco, talks with Bloomberg's Stephanie Ruhle, Alix Steel and Adam Johnson about the outlook for gold prices. They speak on Bloomberg Television's "Lunch Money." (Source: Bloomberg)
Sweden tops first global Web Index (2:40)
Sept. 5 - Sweden is the most effective at using the Internet to improve people's lives, ahead of the United States and Britain, according to a global survey launched by Tim Berners-Lee, the inventor of the World Wide Web. Matt Cowan reports.
Massive solar flare delivers Earth a glancing blow (0:58)
Sep. 5 - NASA's orbiting Solar Dynamics Observatory (SDO) has recorded more spectacular activity in the Sun's atmosphere, with a solar flare whipping half a million miles into space, and sending a cloud of electrically charged particles in Earth's direction. Rob Muir has more.
Which Countries Are Losing Their Competitive Edge?
Sept. 5 (Bloomberg) -- Erik Schatzker reports on the Global Competitiveness Index. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
Draghi prepares to unveil bond buying plan
Published on Sep 5, 2012 by Euronews
http://www.euronews.com/ Under pressure to slash the borrowing costs of the eurozone's weakest member states, ECB chief Mario Draghi is due to unveil his latest bond-buying plan on Thursday. Already this week France and Italy have called for the bank to do more to stabilise the bloc's debt.
Daniel Gros, the Director of the Centre for European Policy Studies, believes the strategy could work, but only if governments start doing their bit to bring down deficits.
"We have already seen the impact on the markets because everybody has seen that the ECB cannot pull back. Things have calmed down. The ECB is saying: 'We are buying the bonds only if the countries do their duty'. If they do it, then the crisis should become manageable; not over immediately, but it should slowly go down," Gros told euronews.
Despite promising to do whatever it takes to save the euro, Draghi continues to face stiff resistance in some quarters, particularly Germany.
The Bundesbank and some on the ECB's governing council, seem determined to limit the scope of the bond buying.
"There are, of course, certain parts of the German public, the Bundesbank, some parts of the financial press who are against it. The Bundesbank has always been extremely conservative. They fear that this will lead to more inflation," Gros said.
That opposition is likely to mean any plan may have tough conditions attached to keep the pressure on eurozone governments to maintain fiscal discipline.
...Daniel Gros, the Director of the Centre for European Policy Studies, believes the strategy could work, but only if governments start doing their bit to bring down deficits.
"We have already seen the impact on the markets because everybody has seen that the ECB cannot pull back. Things have calmed down. The ECB is saying: 'We are buying the bonds only if the countries do their duty'. If they do it, then the crisis should become manageable; not over immediately, but it should slowly go down," Gros told euronews.
Despite promising to do whatever it takes to save the euro, Draghi continues to face stiff resistance in some quarters, particularly Germany.
The Bundesbank and some on the ECB's governing council, seem determined to limit the scope of the bond buying.
"There are, of course, certain parts of the German public, the Bundesbank, some parts of the financial press who are against it. The Bundesbank has always been extremely conservative. They fear that this will lead to more inflation," Gros said.
That opposition is likely to mean any plan may have tough conditions attached to keep the pressure on eurozone governments to maintain fiscal discipline.
Home built cars to replace BMW's in Kremlin garages
Published on Sep 4, 2012 by primetimeru
There could soon be an extra perk to being a high-ranking official - your own luxury limo!
According to media reports, no expense will be spared on a flashy new fleet of Russian-made cars for the government's top brass.
Prime Time's Oksana Boyko can tell us more...
According to media reports, no expense will be spared on a flashy new fleet of Russian-made cars for the government's top brass.
Prime Time's Oksana Boyko can tell us more...
China News: September 4th, 2012: Hillary Clinton in Beijing, Defense Minister in India
Published on Sep 4, 2012 by NTDTV
In today's NTD China News, US Secretary of State Hillary Clinton is in China for talks amidst tensions over the South China Sea.
Chinese Defense Minister Liang Guanglie visits India to strengthen economic and military ties. His visit draws protests from exiled Tibetans living in India.
Nearly 5,000 petitioners have converged in Beijing ahead of the Communist Party's 18th Party Congress. Beijing officials have started actions to remove the petitioners from the capital.
China's economy is slowing down, but aside from talks from senior leaders about possible stimulus package, little effective measures have been put into action.
Chinese authorities in Hunan province deny claims that local children have been unused in a US-backed study involving genetically modified rice.
A craze over a Chinese herb—caterpillar fungus—is driving up prices, making it more expensive than gold.
...Chinese Defense Minister Liang Guanglie visits India to strengthen economic and military ties. His visit draws protests from exiled Tibetans living in India.
Nearly 5,000 petitioners have converged in Beijing ahead of the Communist Party's 18th Party Congress. Beijing officials have started actions to remove the petitioners from the capital.
China's economy is slowing down, but aside from talks from senior leaders about possible stimulus package, little effective measures have been put into action.
Chinese authorities in Hunan province deny claims that local children have been unused in a US-backed study involving genetically modified rice.
A craze over a Chinese herb—caterpillar fungus—is driving up prices, making it more expensive than gold.
Pacific Pulse: Series 5 - Episode 4
Published on Jul 30, 2012 by australianetwork
Water Percussion from Vanuatu to the World
Tania heads to the Rainforest World Music Festival on the island of Borneo in Malaysia where she meets a group of women from a remote island in Vanuatu who steal the show with their rarely seen form of water percussion.
http://australianetwork.com/pacificpulse
Tania heads to the Rainforest World Music Festival on the island of Borneo in Malaysia where she meets a group of women from a remote island in Vanuatu who steal the show with their rarely seen form of water percussion.
http://australianetwork.com/pacificpulse
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