Sewing up the baby business

Friday, July 18th, 2008

It wasn’t that long ago that women had to resign from their jobs when they became pregnant to stay at home and look after the children.

Returning to work after having a child is now generally the norm but some mothers are deciding to go it alone and set up their own businesses.

Emma Isaacs is president of the Sydney chapter of Entrepreneurs’ Organisation, a global group for entrepreneurs with more than 7000 members worldwide, and chief executive of Business Chicks, a national networking community for women in business.

Isaacs says: “When I joined the Entrepreneurs’ Organisation three years ago our membership was 10percent female. We’ve now almost doubled that because we’ve strategically targeted women and continue to do so.

“A lot of women resolve to go out on their own. It’s not difficult to set up a business and with the flexibility, creative control, and choices, it’s an attractive option.

”It’s also easier these days to find entrepreneurial female role models which prompts would-be moguls to explore starting their own business.”

Starting a business that makes the most of the burgeoning demand for baby wear, baby toys and baby entertainment is becoming increasingly popular. After all, kitting out and entertaining a baby is expensive, a fact mothers know very well.

Here are three examples of entrepreneurial women who are getting in on the action.

Tags: , ,

Related posts

Life is Bon for Cate

Tuesday, July 1st, 2008

In the past few months the young singer/songwriter has scrapped the recording sessions on her debut album, acquired a new band, moved house, seen the end of a long-term relationship and joined one of the coolest bands of the year.

But if anyone is capable of taking things in their stride it’s Le Bon, who is so laid back she should be prescribed on the NHS as a cure for stress.

When we met for a cup of tea in Cardiff Bay’s stylish Cantina Bar I was keen to find out how her debut album was coming along.

But rather than being a setback for Le Bon, that aborted effort has spurred her on and, earlier this week, she released her debut EP Edrych Yn Llygaid Ceffyl Benthyg, a five-track Welsh language offering of woozy, bluesy alt-folk.

“Recording the EP was a chemical reaction to the first attempt at the album going nowhere,” she says, distractingly picking up a red cushion, placing it on her lap and stroking it like Blofeld’s cat.

“It was quite an impromptu gathering at a friend’s parents’ house in Cardiff but, obviously, Gruff is a really talented songwriter with real musical integrity, so that was quite nerve-wracking.”

Since then Rhys has offered Le Bon numerous to-die-for platforms, including the support slot on his solo tour and a guest vocal on I Lust U, the first single from Stainless Style, the debut album from Rhys’ superb side project Neon Neon.

That inclusivity has extended to Le Bon joining the Neon Neon band as a bassist and backing vocalist for their upcoming summer tour, which lessens the rush for her to find a new home.

Le Bon has uprooted from her Cardiff base following the end of a long-term relationship and is currently bunking with her parents back in West Wales.

Her changing love life has also sunk a new seam of inspiration which has impacted on an album, which has the very loose working title of Pet Deaths.

But far from seeming emotionally delicate about the situation, Le Bon’s perspective is in serene check.

Tags: , ,

Related posts

Weak plot lets film down

Wednesday, June 4th, 2008

When ‘Indiana Jones and the Kingdom of the Crystal Skull’ opens the year is 1957 and we find our hero has been taken prisoner by a group of Soviets who have infiltrated the US Army’s notorious ‘Area 51′ looking for something the army has secretly stored there.

After Indy helps them locate what they’re looking for he expedites a ‘high speed’ escape before falling into the clutches of the US Army, after almost getting caught in the middle of a major nuclear weapons test.

After all this excitement Indiana returns to teaching only to be told, by his college principal, that because of the FBI’s ‘interest’ in him he is going to be suspended.

As Indy is about to head off on a trip to England he meets a young man  who asks for his help to find his mother, and his old professor, who have gone missing in South America.

Before the professor went missing he was searching for the mythical Crystal Skull of Akatar and this, along with the arrival of a number of KGB agents, prompts Indy to agree to help young Mutt and the pair head off in search of this elusive archaeological treasure.

Shortly after arriving in Peru Indy picks up the trail left by his old friend and he soon finds himself in an old graveyard where he discovered a hidden chamber where he locates the Crystal Skull.

However, the pair have been followed and, once again, Indy finds himself captured by the Russians, led by Cate Blanchett.

Aside from a few more wrinkles, and a tendency to wear his khakis a bit high at the waist, Harrison Ford rolls back the years to reprise one of the roles which made him a Hollywood megastar.

The film is directed by Steven Spielberg and rolls along at a pretty hectic pace. The opening half hour is non-stop and highly watchable although I felt a chase sequence through the jungle looked like it was all done in front of a blue screen, or on a computer.

If ‘Crystal Skull’ has an Achilles heel and it does it’s the story. The plot starts off fairly interesting but turns into complete hokum as it develops, and would be more at home in an episode of ‘X-Files’ than in a Indiana Jones movie.

What you do get with ‘Indiana Jones and the Kingdom of the Crystal Skull’ is some excellent chase sequences, lots of high speed action, some exotic locations and the re-introduction of one of the big screen’s favourite characters to the movie going public.

And while the movie is very enjoyable, and well put together, the plot is very weak and unfortunately lets down what is otherwise a very enjoyable adventure romp.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Related posts

Indiana Jones and the Kingdom of the Crystal Skull

Sunday, May 25th, 2008

A little more rugged and world-weary but still as handsome as when we were first introduced to him in The Raiders of the Lost Ark, Professor Henry “Indiana” Jones is back in Indiana Jones and the Kingdom of the Crystal Skull. Now a card-carrying member of the AARP, things run a little more slowly and the over the hill jokes are a must. I was hoping that the film would capture the magic of the previous three, but alas, it did not.

indy.jpgMutt finds Indy on his way to London and tells him that Professor Oxley (John Hurt), a former classmate of Indy’s and friend of Mutt’s family, has gone missing down in South America on his search for a crystal skull. Mutt’s mom is down there and told her if she was in trouble to find Indy to help. Intrigued, Indy and Mutt venture down to Peru to find the two.

A college town chase scene ensues, followed later by a fun romp/chase through the jungles (reminiscent of the Endor speeder bike scene from Return of the Jedi). These are the elements most like the old Indy films.

While everyone, even myself, anticipated another Indiana Jones film after Last Crusade, I’m wondering now if the franchise was better left alone. Indiana Jones and the Last Crusade was, by far, my favorite film – with a far better story and a chemistry between Ford and Sean Connery that far surpasses the chemistry between Ford and LaBeouf.

It’s still a great popcorn flick, but so far Iron Man is the tops of my list of 2008 summer movies.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Related posts

‘Indiana Jones’ debut survives Cannes critics

Sunday, May 18th, 2008

Indiana Jones received louder applause going in than he did coming out.

His latest adventure, “Indiana Jones and the Kingdom of the Crystal Skull,” earned a respectful though far from glowing — reception Sunday at the Cannes Film Festival, avoiding the sort of thrashing the event’s harsh critics gave to “The Da Vinci Code” two years ago.

Yet Indy’s fourth big-screen romp is not likely to go down as one of the most memorable. Some viewers at its first press screening loved it, some called it slick and enjoyable though formulaic, some said it was not worth the 19-year wait since Steven Spielberg, George Lucas and Harrison Ford made the last film.

“They should have left well enough alone,” said J. Sperling Reich, who writes for FilmStew.com. “It really looked like they were going through the motions. It really looked like no one had their heart in it.”

Alain Spira of French magazine Paris Match found “Crystal Skull” a perfectly acceptable “Indiana Jones” tale, a sentiment echoed by the solid applause the movie received as the final credits rolled.

“It’s good. It’s a product that is polished, industrial, we’re not getting ripped off in terms of quality,” Spira said. “You know what you’re going to see, you see what you get, and when you leave you’re happy.”

The applause was louder at the outset, though. Fans at the early afternoon showing, which preceded the film’s glitzy formal premiere with cast and crew Sunday night, cheered and clapped wildly at an announcement that the screening was about to start. Some even hummed the Indiana Jones fanfare as the lights went down.

The applause at the end was more subdued.

Cast and crew were unconcerned about how critics might dissect the film.

“I’m not afraid at all. I expect to have the whip turned on me,” Ford told reporters after the screening. “It’s not unusual for something that is popular to be disdained by some people, and I fully expect it.

But, he said: “I work for the people who pay to get in. They are my customers, and my focus is on providing the best experience I can for those people.”

The filmmakers kept the movie shrouded in secrecy, skipping the rounds of press screenings often held for big studio movies and going for a big blowout at Cannes.

Spielberg said he and his collaborators decided “that the fair thing to do and the fun thing to do would be to view it where the entire world is come together every year at this wonderful festival, and we thought that was the best place to introduce Indiana Jones to you again after 19 years.”

The film received none of the derisive laughter or catcalls that mounted near the end of the first press screening for “Da Vinci Code.”

There were a few titters from the “Crystal Skull” crowd early on over co-star Cate Blanchett’s thick, Boris-and-Natasha accent as a Soviet operative racing against Indy to find an artifact of immeasurable power. The rather corny romantic ending also drew a chuckle or two.

In between, the film packed a fair amount of action, though some viewers found the middle portion dull. Conchita Casanovas, of Spain’s RNE radio, said she was “bored to death.”

The new movie hurls archaeologist Jones into the Cold War in 1957. He survives a nuclear blast in the desert in typically creative fashion and is reunited with “Raiders” flame Marion Ravenwood (Karen Allen).

As speculated, the film has an alien connection, though far more subdued than the “Indiana Jones and the Saucer Men From Mars” story Lucas once envisioned.

There are melancholy nods to Sean Connery, who played Indy’s dad in 1989’s “Indiana Jones and the Last Crusade” but declined to return for the new movie, and the late Denholm Elliott, Indy’s college dean in two of the previous movies.

And the film reveals the relationship between Indy and his new sidekick, an angry young motorcycle rebel played by Shia LaBeouf.

As with “Da Vinci Code,” which went on to gross $758 million worldwide, “Crystal Skull” is so hotly anticipated that it will be virtually immune from critics’ opinions. The film is expected to put up blockbuster box-office numbers when it opens globally Thursday.

“The movie was absolutely effective enough to score with audiences everywhere,” said Anne Thompson, deputy editor of Hollywood trade paper Variety. “This played way better than ‘Da Vinci Code.’ No one was gunning for it. They were excited going in, hooting for it in a positive way.”

Dozens of fans prowled outside the Palais, the Cannes headquarters, holding signs saying they needed tickets for “Crystal Skull.”

Amelia Sims, a 19-year-old University of Georgia student studying abroad, held a sign reading “I (heart) Indy.” She managed to get a pass to the press screening and loved the movie.

“I guess I’ve been waiting 19 years for this,” Sims said. “You could say I’ve been waiting my whole life.”

But Christian Monggaard, who is reviewing “Crystal Skull” for Danish newspaper Information, said he grew up with the “Indiana Jones” films and came away from this one disappointed, finding the climax an “overblown special-effects extravaganza.”

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Related posts

Inflation in India rises to 3 year high of 7.41 percent

Sunday, April 20th, 2008

Inflation in India rose to over three-year high of 7.41 percent for the week ended March 29.

The wholesale price-based inflation was at 7 percent in the previous week.

The surge is mainly on account of rising prices of fruits and vegetables, pulses, cereals, condiment and spices and some manufactured items.

During the week, prices of fruits and vegetables shot up by 3 per cent whereas pulses went up by 1.2 percent.

The condiments and spices surged by 2 percent while wheat and fish marine each rose by 1 percent.

However, prices of milk and maize softened by 1 percent.

Minerals group was up mainly driven by prices of limestone which jumped 14 percent.

In the manufactured category, sugar prices went expensive by 2 per cent; groundnut oil and khandsari were dearer by 1 percent.

However, prices of imported edible oil got cheaper by 5 per cent and sun-flower oil by 3 percent.

The high inflation may prompt RBI to take tough monetary measures to ease out inflationary pressure in its annual credit policy, scheduled to be announced on 29th of this month.

Even the Prime Minister Manmohan Singh had stated Thursday that high food prices may hurt economic growth and economic reforms process. –IRNA

Tags: , , , , ,

Related posts

The bloody banana’s rule of the world

Sunday, April 20th, 2008

by Katharine Mieszkowski

(Salon)On a trip to Honduras, journalist Dan Koeppel caught the banana bug. Researching an article

for Popular Science about attempts to breed a disease-resistant banana,

the American journalist wandered the grounds of the old Chiquita

compound, amid the fading colonial mansions and golf course, where he

stumbled upon the cheery yellow fruit’s unsavory past.

I went out for drinks at the old country club, and this old-timer

turns to me and goes, ‘In this room, governments were overthrown.’ It

was like something out of a movie, Koeppel says.

Flipping through an old Chiquita guest book, Koeppel saw the

scrawled names of United States senators, scientists, CIA agents and

Honduran presidents. Everybody was in there, he says. Browsing

through the research facility’s library, the journalist paged through a

chipper recipe book featuring the Chiquita banana girl, who was shown

topless, as she always was, giving instructions on how to prepare such

delicacies as banana coconut rolls. I found these strange Chiquita

cookbooks a hundred yards away from where massacres were planned, he

says.

For generations, the banana has been embraced and celebrated in pop

culture: Yes, we have no bananas. We have no bananas today! But it

took muscle and outright carnage to turn this fragile tropical treat

into the most popular fruit in the United States. The banana is the

yin and yang of American culture and blood, Koeppel says. The fruit

became his obsession and the subject of his book, Banana: The Fate of the Fruit That Changed the World.

Surprisingly, Koeppel isn’t the only journalist of late to light out

to the tropics and come back with tales of the banana’s bloody role in

history. For Peter Chapman, a Financial Times reporter, who spent years

covering Latin America, the great banana company, United Fruit, which

later became Chiquita, prefigured the rise of the modern multinational

corporation. It’s interesting, isn’t it, that something we would

imagine as innocuous as bananas has produced as many exercises in

regime change as has ever been enacted in the name of oil, says

Chapman, whose book is called Bananas: How the United Fruit Company Shaped the World.

The banana we eat today may be natural in the sense that it grows on

a plant, but it’s as much a mass-market product as a Big Mac, designed

to be cheap, sweet and reliable. Yet the human affinity for bananas

goes back 7,000 years, long before pesticides, refrigerated shipping,

transportation networks and branding, like the Dole sticker on the peel

of the supermarket variety.

It shocked me to see that the history of this fruit goes hand in

hand with the history of humanity, says Koeppel. Wherever people

went, the banana accompanied them. Some biblical scholars argue that

the fruit Eve tasted in the Garden of Eden was not an apple, but the

much more suggestively shaped banana.

The mass-produced banana first came to the United States in the 19th

century. As the next century rolled on, buccaneering banana men

pioneered such innovative business practices as propping up puppet

heads of states throughout Latin America, keeping them in power through

corporate largesse, and exploiting local workers, when not actually

encouraging local governments to enslave or kill them. By building

railroads, in exchange for land for plantations, United Fruit tightly

entwined itself with the economies of many countries, and came to own

huge swaths of Central America. Its reach was so extensive that it

became known as the Octopus.

When local leaders threatened taxes or complained about the

company’s abysmal labor practices, such as paying workers exclusively

in company scrip to be spent only at the company store, United Fruit

threatened to leave the country, taking its business next door. Mere

bribes to local officials were strictly junior varsity in this jungle.

In some countries, United Fruit blatantly paid no taxes at all for

decades. In others, when troubled by local officials, it simply

installed a more sympathetic government. In Honduras in 1911, the

banana men not only staged an invasion to depose the current regime and

put in a new one, they had the audacity to demand the new government

reimburse the costs incurred in the invasion!

United Fruit was not to be crossed. In Colombia in 1928, 32,000

banana workers went on strike, demanding such niceties as toilet

facilities at plantations. In a massacre later immortalized in

literature by Gabriel Garc韆 M醨quez in One Hundred Years of

Solitude, the military killed 1,000 unarmed striking workers and their

families in the town square in Cienaga after Sunday church services.

The banana men, however, saw themselves not as ruthless corporate

overlords but as a force for all that’s good in civilization. In 1912,

in Guatemala, while clearing the jungle for banana plantations, the

company uncovered the Mayan ruins of Quirigu? and paid for

archaeologists to restore it, welcoming comparisons between the great

lost civilization of the Mayans and the new one the company was

building in the jungle.

They thought they were bringing back the era of the Mayans,

returning Central America from the savages back to its glory days of

empire, says Koeppel. The company used that notion to buff its image

at home and abroad. As Chapman explains, the companies knew how to use

such methods to ingratiate themselves into the minds of ordinary

people, and come across appearing on the side of light and justice.

Today, when the business buzzword corporate social responsibility

is so commonplace that it has its own acronym, CSR, it’s sobering to

remember that the banana czars themselves invented the term. Now, we

are expected to entrust our futures to the free market and

better-behaved companies as a result of this new doctrine of ‘corporate

social responsibility,’ says Chapman. But it does make you wonder,

given the very inventor of the concept represented itself as a paragon

of virtue, which didn’t stop it from committing all manner of abuses.

It may seem hard to believe that the banana business could be as

nefarious as the oil business. But to our banana chroniclers, it may

have been worse. The banana men managed to be at once ferociously

exploitative, while cultivating a beloved image with their customers,

pioneering public relations and marketing practices still in use today.

Nobody has ever loved the oil companies, says Koeppel. Everyone

has needed them, and they have a bloody history, but no one has ever

said, ‘Gee whiz! Those guys at Shell have such a cute little jingle.’

But when it comes to bananas, the 1944 Chiquita song is arguably the

best-known jingle ever: I’m Chiquita banana and I’ve come to say?quot;

But the banana men’s mastery of spin didn’t stop at catchy jingles.

In the 1950s, President Jacobo Arbenz of Guatemala tried to force

United Fruit to sell its fallow land back to the government. The

president planned to redistribute it to landless peasants. To incensed

banana leaders, this was an act of sovereign defiance.

One United Fruit P.R. man wrote a report, which he sent to 800

influential conservative Americans, sounding the alarm about communism

gaining a foothold in Latin America via Guatemala. The company employed

no lesser force than the father of public relations himself, Edward Bernays.

Promptly, Bernays flew journalists to Guatemala on luxury

fact-finding missions, which resulted in dozens of articles published

in Time, Newsweek, the San Francisco Chronicle and the New York Times,

portraying the Guatemalan leader as a dangerous threat.

Bernays called the stories masterpieces of objective reporting,

and went so far as to suggest that somewhere behind the Iron Curtain,

Russia was training revolutionaries to take over Latin America. In case

anyone missed the point, United Fruit’s P.R. team put out a movie

titled, Why the Kremlin Hates Bananas. It wasn’t long before the

Guatemalan president, who had dared to defy United Fruit, was ousted

with the help of the CIA. He ended up stripped down to his underwear,

paraded before the press in the airport, and sent into exile, never to

return again.

Today’s banana companies don’t have anywhere near the power in

Central America that they once did. That’s in part because they don’t

have to. They’ve discovered the joy of outsourcing. After all, why deal

with those pesky labor problems when you can have local producers

assume all the inherent risks of growing an agricultural commodity?

What the banana men figured out, Chapman explains, is that we don’t

have to own the land, we can give it to the local guy who wants to run

his own plantation. We still have our railway, shipping line and

sophisticated access to marketing. We don’t have to be involved at the

ground level with all the expense and aggravation, and all the

headaches that go with it. Chiquita is now mostly a distribution and

marketing concern.

But the legacy of their bad old days lives on. You can’t blame

United Fruit for everything that’s wrong in Central American politics,

says Chapman. Yet in many cases, by propping up weak governments, it

helped create a power vacuum that’s been filled by right-wing death

squads and left-wing guerrillas. In Guatemala’s decades-long civil war,

more than 200,000 people have died. When some moderate leaders have

advocated for a civilian government, they’ve been summarily executed.

I was with one such leader myself, says Chapman.

Even today, the taint of international scandal dogs the bananas in our supermarkets. In 2002, Human Rights Watch documented

banana workers in Ecuador suffering widespread human rights abuses,

including use of child laborers as young as 8 years old, and workers

being fired for trying to organize. In 2007, Chiquita was fined $25

million by the U.S. Department of Justice for making payments to

terrorist organizations in Colombia.

Both books also peel back the environmental fallout of bananas. The

authors suggest that the commonplace banana we eat today, a cultivar

called the Cavendish, will likely become the next victim of the same

Panama disease that drove its predecessor, the once ubiquitous Gros

Michel cultivar, to commercial extinction.

The race is on to build a better banana that can stand up to Panama

disease and shipping, ripen at the right rate once picked for the

grocery store customer, and still be cheaper than that locally grown

apple or pear. In a few decades, we could be eating cornflakes topped

with an entirely different variety of banana, a notion that’s certainly

more comforting than the idea that we might have to give up this cheap,

potassium-rich comfort food altogether.

In the meantime, the mass production of bananas for the world

marketplace threatens the local varieties that millions of people

around the globe depend on to keep starvation at bay. It’s a lot like

AIDS, which is believed to have spread through Africa along newly built

highways, says Koeppel. As more and more commercial plantations are

being built in Africa, the chances of cross-contamination increase. We

are creating the possible disease vector.

Scientists are trying to create a more disease-resistant banana

through cultivation and genetic engineering. But it’s not easy. The

banana, which is a giant berry plucked from the world’s largest herb,

is seedless, sexless and sterile. Because banana offspring are

genetically identical to their parents, it makes them all the more

vulnerable to disease.

Ultimately, banana fan Koeppel says he hopes learning more about

bananas won’t cause readers to turn away from them. What I don’t want

people to think is, ‘Oh my gosh, I should never eat a banana.’ I just

want people to think about this universal fruit in a real way.

Tags: , , , , , , , ,

Related posts

Haiti’s leader urges calm amid food price unrest

Wednesday, April 16th, 2008

%26quot;To those who are stirring up violence, I order you to stop because it is not going to solve the problem,%26quot; Preval said in a national television and radio address.
%26quot;Poze,%26quot; said Preval, telling protesters in Creole to %26quot;cool it%26quot; in a recorded message from the ornate National Palace, protected by barbed wire and UN peacekeeping troops backed by trucks and armoured personnel carriers.
Preval%26#39;s much anticipated address, in which he spoke of possible subsidies to increase domestic production of staples like rice and other foodstuffs, came a day after demonstrators paralysed the capital and tried to break though the palace gates to demand government action over the cost of food.
At least five people have been killed during a week of violent demonstrations in the poorest country in the Americas, where 80 per cent of the population makes do on less than $US2 a day and few have full-time jobs.
A combination of high oil and fuel prices, rising demand for food in wealthier Asia, the use of farmland and crops for biofuels, bad weather and speculation on futures markets have pushed up food prices worldwide, prompting violent protests in a handful of poor countries.
Small groups of protesters returned to the streets of Port-au-Prince on Wednesday to rebuild barricades taken down by police overnight and columns of thick black smoke rose from parts of the sprawling city as demonstrators set fire once again to piles of tires.
Scores of people crowded around television sets waiting for hours for Preval to speak.
There were sporadic reports of looting in some areas and many roads were impassable due to the unrest.
%26quot;You haven%26#39;t seen nothing yet,%26quot; Jeanti Mathieu, a 22-year-old with dreadlocks, said as he helped erect a street barricade made of wrecked cars, concrete blocks and debris.
%26quot;We are waiting for the government to tell us what it is going to do. Otherwise you can expect the worst,%26quot; he said, speaking shortly before Preval%26#39;s address.
Despite such threats, the Haitian leader said his cash-strapped government could ill-afford to bow to demands that it lift all taxes on food imports. He said money was too sorely needed for road building and other projects.
The government earlier announced a multimillion-dollar package of investments in agriculture and infrastructure to create jobs and boost food production.
%26quot;Instead of subsidising the price of food products coming from abroad, we%26#39;d rather subsidise national production,%26quot; Preval said. %26quot;I propose that the price of fertiliser be subsidized by 50 percent and even more,%26quot; he said.
%26quot;It%26#39;s not with violence and with easy economic decisions that we will solve the problem of the high cost of living. It is by supporting national production,%26quot; he added.
He said public sector workers with salaries of about $US800 ($NZ1013) per month would be asked to forego 10 per cent of their wages, to free up money for other uses, but stressed that Haiti had no control over global food prices.
Haitians say prices of rice, corn, beans, cooking oil and other staples are skyrocketing. The cost of rice and some other commodities has virtually doubled in six months, while energy costs have also soared because of record oil prices.
UN peacekeepers, deployed to Haiti after former President Jean-Bertrand Aristide was ousted in 2004 in an armed revolt, fired rubber bullets and tear gas at demonstrators on Tuesday to prevent them from overrunning the presidential palace.
Preval%26#39;s election in 2006 raised hopes that Haiti might finally tread a path toward stability after decades of violence and turmoil in this nation of 9 million people, who share the island of Hispaniola with the wealthier Dominican Republic.

Tags: , , , , , , , , ,

Related posts

BOE seen cutting UK rates again

Wednesday, April 16th, 2008

The survey showed a swathe of data pointing to a slowing economy has prompted economists to bring forward their forecasts for future rate cuts from the timings they gave in a poll taken just last week, despite rising inflation.
The central bank cut rates by 25 basis points to 5.0 per cent on Thursday after making the same size cut in February and lowering them in December by a quarter point for the first time in two years. Thirty-six of 56 economists polled on Thursday said rates would fall to 4.75 per cent by the June meeting, with 8 of them forecasting a cut in May.
Median forecasts showed the Bank Rate dropping to 4.75 per cent by mid-year and then again to 4.5 per cent by September, where it will remain until September 2009. An April 3 poll predicted the rate would not fall to 4.5 per cent until the fourth quarter.
%26quot;With the impact of monetary policy now blunted, rates will ultimately have to fall further to achieve the same result,%26quot; Andrew Smith at KPMG said.
Mortgage lenders have been tightening their lending criteria, even though official rates have come down, in a bid to maintain profits as it becomes harder for the banks themselves to borrow money.
Asked to assess probabilities, economists gave a median 65 per cent likelihood that rates would fall again by June and a 95 per cent probability that they would fall by year-end.
British rates have not fallen anywhere near as quickly as in the United States, where they have tumbled 3 percentage points since September and are set to fall further as the Fed tries to prevent a recession in the world%26#39;s biggest economy.
British policymakers are mandated to target inflation at 2.0 per cent and Governor Mervyn King has said they face their toughest challenge since 1997 as they try to balance rising prices against the prospect of weaker economic growth.
Annual inflation was 2.5 per cent in February, its highest since last May, as soaring global oil and food prices continue to take their toll. The bank expects inflation to peak around 3 per cent this year.
The British economy grew a healthy 0.6 per cent in the final quarter of 2007 but forward-looking indicators have suggested it is slowing and the International Monetary Fund forecast this week that Britain%26#39;s economy would grow 1.6 per cent this year.
That would be the weakest rate in more than a decade and significantly less than the government%26#39;s own forecast of 1.75-2.25 per cent growth. It is also lower than the most recent Reuters poll, which put growth at 1.8 per cent.
The pound hit a record low against the euro earlier on Thursday, after breaking the 80 pence barrier for the first time on Wednesday, adding to the BoE%26#39;s inflation fears but providing a welcome boost for exporters.
Factory output grew faster than expected in February but the wider economy is seen cooling as the credit squeeze spreads from the hard-hit financial sector and as companies struggle against rising raw materials costs and weaker global economic growth.
Britain%26#39;s biggest mortgage lender Halifax said house prices fell at their sharpest monthly rate since the early 1990s recession, showing the housing market, a bedrock of consumer wealth, is weakening rapidly.
%26quot;Clearly the outlook for future rate cuts will hinge on UK data, international developments and the functioning of financial markets,%26quot; said Daragh Maher at Calyon.

Tags: , , , ,

Related posts

Window of opportunity for Kev to boost synergy

Friday, April 11th, 2008

AS IF gazing into a crystal ball about the head-scratching
verbosity of Kevin Rudd, barrister Geoffrey Smith
writes: “The day of gobbledegook is at hand.” The legal eagle has
penned a book to help his fellow lawyers keep the Queen’s English
plain and simple during their splendid briefs and orations but
The Making of a Lawyer: What they didn’t teach you at law
school is also essential reading for our pompous Prime
Minister.
In a chapter on style, Smith says: “The object is to make our
meaning as clear as we can.” That means avoiding words on the
eagle’s blacklist such as “key-performance indicator’, “window of
opportunity” and “synergy”. What was the last one?
As Kev said at the Progressive Governance Summit in the Queen’s
England: “There has to be a greater synergy between, let’s call it
our policy leadership in this, which has been focused so much,
legitimately, on targets and global architecture, almost
reverse-engineered back to the means by which you can quickly
deliver outcomes ” Out of respect for our readers, Diary will
not repeat the remainder of Kev’s contribution to global warming.
Smith says another no-no is following the bad example set by the
Canadian Defence Department, circa 1950-60, with the invention of
“Buzz phrase generator”.
It works like this: combine words from three groupings and you
have %26#151; close your eyes NOW if it’s all too much %26#151;
“Functional digital time-phase”, “Synchronised third-generation
contingency” and “Parallel reciprocal projection”.
There’s no excuse, Kev. You have been warned.
Something’s in the air
SPEAKING about mumbo-jumbo, a “good effort” commendation goes to
the Chinese-English interpreter who translated a label attached to
a handbag: “Bend oneself to portfolio kultur investigation and
innovate. Hanker original, stink individuality.” And what a stench
it is!
Buzzing around
TO ENSURE Spring Street meddlers stay in tip-top condition for
the chilly winter months and don’t lose their voice (wouldn’t that
be a tragedy?), a nurse from Peak Health Management will visit the
asylum today to administer flu injections. But not everyone will
roll up their sleeves. An email advises that MPs are ineligible for
the jab if they are allergic to eggs, chicken feathers or latex, so
the sensitive-skinned will have to soldier on with vitamin C and
echinacea. A mystery addition to the email is four attachments
featuring illustrations of buzzing bees. Must be the new logo of
the John Bumblebee Government.
Circle of life
JUST like the old days when Queen Mary Delahunty ruled
from her ministerial throne in Spring Street, she graced the front
row of Hamer Hall’s circle on Saturday night for Verdi’s
Requiem. No wonder so many people were curtsying, as one of her
worshippers noted: “She was getting all the VIP acknowledgement
accorded to an arts minister. But didn’t that job end some years
ago when she took the superannuation and ran?” Yes, life just isn’t
the same from the back row.
On second thoughts
SOMEONE who won’t be joining James Packer, Cate
Blanchett and Huge Ackman in Canberra for Kevin’s
brains rust is 3CR anarchist and long-time Senate candidate Dr
Joseph Toscano. The doc might have provided too much
information on his application, the bit where he said he wanted to
shake up the political system by giving voters the power, in
between elections, to plonk non-performing MPs in the ejector seat
and press the button. Kev mustn’t have liked Joe’s 20/20
vision.
Same to you!
NOT another cryptic one-fingered salute on a numberplate! Adding
to the list of Queensland’s “FAHQ” and Melbourne’s “FARGEM”, reader
Brian Walsh spotted a “QQQQTO” in Glen Huntly, which
translates as “for Q too.” Think about it.
Dive right in
SOUNDS divine, a break at WA’s Dolphin Resort where the water is
bluer than blue and there is a wide range of accommodation for the
“disconcerting” traveller. The discerning are also welcome.
Won’t it be luvverly
THANKS to the informative Opera Australia booklet about its
upcoming extravaganzas, aficionados know Carmen will be
performed in French with surtitles, Madama Butterfly will be
in Italian with surtitles and My Fair Lady will delight in
English. That’s a relief! Doesn’t sound the same in Swahili.
Vroom with a view
WE DIDN’T know journeying up the Hume could be so exciting. To
some travellers a tree is just a tree but to others, this
formation is the “rooster tree”, prompting 2210 admirers to
join the Hume Highway Rooster Tree Appreciation Society on
Facebook. One of the members, Mick Webster, told Diary that
glimpsing the rooster, north-bound between Wandong and Broadford,
is a “sign that you’re leaving Smelbourne behind and getting back
to the fresh air of the country”. It’s a wonder of nature that the
rooster maintains his shape. Must have a personal trainer.

Tags: , , , ,

Related posts

Archives

December 2008
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031  

Other

Syndication


website statistic