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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (20906)1/10/2005 8:38:55 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
UK Dec manufacturers´ output, input prices drop to lowest level for over 3 yrs
Monday, January 10, 2005 9:51:57 AM
afxpress.com

UK Dec manufacturers' output, input prices drop to lowest level for over 3 yrs LONDON (AFX) - Factory gate prices fell well below analysts' expectations in December, dropping to their weakest level since November 2001, while raw material costs also slumped, official figures showed

The Statistics Office said factory gate prices fell by 0.4 pct in December from November, the weakest figure since November 2001, and rose 2.9 pct from a year ago, significantly below expectations for a 0.1 pct rise month-on-month and a 3.4 pct gain on the year

The fall mainly reflects price falls in other manufactured and petroleum products, National Statistics said

In November, output prices rose 0.1 pct and 3.5 pct respectively

Raw material costs also fell dramatically during the month, largely due to a 14.9 pct drop in crude oil prices between November and December, and a 1.9 pct fall in imported parts and equipment prices, NS said

Input prices fell 2.3 pct from November, the largest monthly fall since July 2001, for a 3.4 pct annual increase, well below expectations of a 1.5 pct fall and a 5.0 pct increase respectively

The fall mainly reflects drops in crude oil prices and in imported parts and equipment prices, NS said

Costs of imported goods as a whole fell 2.5 pct in December from November, the largest monthly fall since November 1996, partly due to the strength of sterling against the dollar

In November, input prices fell 2.3 pct from October, revised from a fall of 1.9 pct, and 6.0 pct year-on-year -- again revised downwards from a 6.4 pct rise previously

Today's figure indicate a benign inflation outlook in the UK -- highlighted by some members of the Monetary Policy Committee in the minutes of the rate-setting body's meeting last month -- and will further cement expectations that the next rate move will be down

The core measure of output prices, which excludes food, beverages, tobacco and petroleum, fell 0.3 pct from November, the biggest fall since July 1999, and was up 2.3 pct year-on-year

This was also below analysts' forecasts for an annual rise of 2.9 pct. In November, core output prices rose 0.2 pct on the month for a 2.8 pct annual rise, revised downwards from the original figures of 0.3 pct and 3.0 pct respectively. The full producer prices report will be posted at the following website: statistics.gov.uk jkm/slm/



To: maceng2 who wrote (20906)1/10/2005 8:52:21 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
UK govt figures show Nov house prices down 0.1 pct from Oct
Monday, January 10, 2005 10:13:21 AM
afxpress.com

LONDON (AFX) - Government figures showed that the UK housing market continues to slow down, though not as sharply as some have been fearing

The office of the Deputy Prime Minister said the average house price in the UK in November fell by 0.1 pct from October to 180,226 stg from 180.444. Although prices fell month-on-month, annual inflation rose to 13.8 pct in November from 12.6 pct the previous month because prices fell by 1.1 pct over the same period in 2003

The ODPM said the fall in monthly house prices can be attributed to a 0.7 pct fall in prices for detached houses and 0.5 pct for flats, partially offset by a 0.4 pct increase in the prices of semi-detached house and a 0.1 pct rise in terraced houses

It added that all the home countries except for Northern Ireland saw a rise in their annual inflation rate in November

The picture emerging from the UK's housing market has been mixed of late

Last week, the Halifax, part of the HBOS PLC banking group and the UK's biggest mortgage provider, found that house prices in December actually increased a seasonally adjusted 1.1 pct from November

However, other figures from the Bank of England last week raised concerns that the market is really struggling in the wake of the Bank of England's rate hikes over the last year

It revealed that the number of mortgage approvals in November slid to their lowest level in nearly a decade

The central bank said the number of approvals during the month fell to 77,000 from 85,000 the previous month. The November total was the lowest monthly figure since September 1995, when approvals totalled 74,000

Overall though, analysts said the data is unlikely to change sentiment on the BoE rate-setting Monetary Policy Committee (MPC) at Thursday's meeting to keep interest rates unchanged

The MPC raised the cost of borrowing a quarter point on five occasions since November 2003, taking its key repo rate up to 4.75 pct as it sought to stem inflationary pressures arising from above-trend growth and rampant consumer demand

The money markets have already begun to factor in unchanged rates for the first few months of this year, especially after the minutes of the December MPC meeting showed the nine-member panel discussed the possibility of cutting rates.



To: maceng2 who wrote (20906)1/10/2005 9:02:43 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Major Advance Made In Transparent Electronics

by David Stauth
Corvallis OR (SPX) Jan 04, 2005
Researchers at Oregon State University and Hewlett Packard have reported their first example of an entirely new class of materials which could be used to make transparent transistors that are inexpensive, stable, and environmentally benign. This could lead to new industries and a broad range of new consumer products, scientists say.

The possibilities include electronic devices produced so cheaply they could almost be one-time "throw away" products, better large-area electronics such as flat panel screens, or flexible electronics that could be folded up for ease of transport.

Findings about this new class of "thin-film" materials, which are called amorphous heavy-metal cation multicomponent oxides, were just published in a professional journal, Applied Physics Letters. The research was funded by the National Science Foundation and Army Research Office.

This is a significant breakthrough in the emerging field of transparent electronics, experts say. The new transistors are not only transparent, but they work extremely well and could have other advantages that will help them transcend carbon-based transistor materials, such as organics and polymers, that have been the focus of hundreds of millions of dollars of research around the world.

"Compared to organic or polymer transistor materials, these new inorganic oxides have higher mobility, better chemical stability, ease of manufacture, and are physically more robust," said John Wager, a professor of electrical and computer engineering at OSU.

"Oxide-based transistors in many respects are already further along than organics or polymers are after many years of research, and this may blow some of them right out of the water."

"Frankly, until now no one ever believed we could get this type of electronic performance out of transparent oxide transistors processed at low temperatures," Wager said. "They may be so effective that there will be many uses which don't even require transparency, they are just a better type of transistor, cheap and easy to produce."

The newest devices are zinc-tin-oxide thin film transistors, according to collaborating researchers in the OSU College of Engineering, OSU College of Science and at Hewlett Packard.

They are an evolution of zinc oxide transistors, which gained attention as the world's first see-through transistor when OSU scientists announced their discovery last year.

But this new material combines the characteristics of different elements to give levels of electronic performance and "mobility" – in electronics, an observation about how fast electrons can move within a material – that are an order of magnitude faster than the earlier transparent transistors, Wager said.

They are amorphous, meaning they have no long range crystalline order, which helps to keep processing costs a great deal lower. They are also physically robust – hard to scratch, chemically stable, resist etching, and have a very smooth surface.

They are made from low cost, readily-available elements such as zinc and tin, which raise no environmental concerns.

"What has been most surprising, however, is that we can make high quality oxide transistors with these new materials at just above room temperature," Wager said. "Simply put, that's shocking. Most integrated circuits made today, by comparison, are produced at temperatures between 700-1,100 degrees centigrade."

According to the OSU and HP researchers, this group of transistor materials will not challenge the silicon-based products that form the basis for most of the computer industry. But they may find their way into specialty electronic products – many of which do not yet exist – that will probably lead to billion-dollar industries of the future.

"HP is excited about the possibilities that this development may enable, especially for our customers in imaging and printing," said Tim Weber, the director of the Advanced Materials and Processes Laboratory located in Corvallis, Ore. "We are pleased with the rapid progress the OSU and HP team has made in this area."

OSU has used a multidisciplinary research approach to the creation of these new transparent transistors, purposefully focusing on materials that have desirable physical properties, and could be cheaply and realistically produced for the consumer marketplace.

The group of "heavy metals" that could potentially yield new advances also includes such elements as gold, silver, mercury, arsenic or lead, but these elements have been intentionally avoided because of their real-world cost or toxic environmental concerns.

Further fundamental research will continue on such topics as device physics and modeling, transparent circuits, new materials and other areas.

Private industry is already beginning to identify new applications for these materials, Wager said.

One possibility is with gas sensor systems. These sensors are used extensively in automotive and other mechanical applications, and the new zinc-tin oxide transistors might allow the creation of a new type of gas sensor whose sensitivity is electronically controlled over a wide dynamic range.

In the field of transparent applications, there should be uses in consumer electronics, transportation, business and the military.

Automobile windshields could transmit visual information. Glass in almost any setting could also double as an electronic device, possibly improving security systems or transparent displays.

The military is extremely interested in research of this type because of possible uses in sophisticated technology or fighting equipment. Liquid crystal displays could be improved. New types of copy machines may be created. Better solar cells are possible.

"One other thing that comes to mind is games and toys," Wager said. "It's not unusual for the creators of innovative game products to be the first people to implement a new technology. Some of the first illustrations we've seen of the things you could do with transparent electronics have been in science fiction movies that show futuristic types of computer equipment."

"Some of those things, which were basically special effects produced by Hollywood, may soon become a reality," he said.

spacedaily.com



To: maceng2 who wrote (20906)1/11/2005 1:36:24 AM
From: GraceZ  Read Replies (1) | Respond to of 116555
 
The IMF creates problems where ever it goes. It is the last thing I would point to as having anything to do with free trade or open markets, it produces quite the opposite effect where ever it goes, it should be abolished. It's mere presence is indicative of the same mentality that believes that smaller countries can't trade with larger ones so both benefit.