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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (61700)3/5/2010 12:10:31 AM
From: elmatador  Read Replies (2) | Respond to of 217644
 
we're to get a grip, not to be peaceful. We aren't here to share values or other crap. We are here to discern.

That's the reason that toes are stepped upon, and asses are kicked. Only the truth should prevail. Nothing else matters.

This thing down here is a communion of minds. Not of individuals.

Have brains? Yes? stay on. Have only a pulse and blood pressure? Stay out!

That gives one idea of the level where you are, and the level where I am.



To: Maurice Winn who wrote (61700)3/5/2010 12:54:43 PM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 217644
 
You left? Take your alter ego Blazezim with you and stay out.

Thread has been doing very well.



To: Maurice Winn who wrote (61700)4/7/2010 7:22:58 AM
From: elmatador  Respond to of 217644
 
IMF examined New Zealand’s financial status. sees need for innovation and constraint.

Risk premiums could rise for countries with high external debt, such as NZ, which could raise the cost of capital, constrain growth, and worsen the current account deficit.

As you can see MQ, the minnow rode the wave of low capital costs and thought it was "Values" that propelled them to rich status.

No. It was not. It was cheap capital. The minnow

IMF sees need for innovation and constraint
Ross Louthean — 7 April 2010


A mission from the International Monetary Fund (IMF) that examined New Zealand’s financial status produced a one-liner that impacted on the country’s currency – it claimed the Kiwi dollar was too strong.

Within a day the $NZ was seriously impacted against the American greenback due to a report that generally gave New Zealand and its Government a tick, compared to most other Western economies. One concern for the IMF was debt overseas.

The IMF predicted real gross domestic product (GDP) was expected to grow by 3% in 2010 and 2011.

The unemployment rate is projected to lag recovery and peak at 7.5% in 2010. However, the prospects of rebalancing toward the tradables sector have worsened with the recent strengthening of the $NZ, “and we project the current account to widen over the medium term”.

On the external front, the main downside risks are that the global recovery stalls and Chinese demand drops sharply, with negative spillovers for commodity prices. Risk premiums could rise for countries with high external debt, such as NZ, which could raise the cost of capital, constrain growth, and worsen the current account deficit.

The IMF supports NZ’s fiscal stimulus through June 2010 and welcomes the Government’s longer-term net debt target of 20% of GDP. Net core Crown debt may rise from 5% of GDP to a peak of 30% by 2016. Thereafter, net core Crown debt is projected to fall below 20% of GDP by 2024.

The IMF says further spending restraint to return to surpluses earlier than planned was advisable.

The IMF urges NZ to return the budget to surplus by 2014, unless the downside risks to growth materialise.

The IMF said the following moves would support a faster consolidation:

•Upfront adjustment would create fiscal space as insurance against future shocks. A key lesson from the global financial crises is the desirability of fiscal space to run larger deficits when needed without raising market concerns.
•Though public debt is projected to remain low by advanced country standards, NZ’s large gross external debt (over 130% of GDP) calls for greater prudence. If global interest rates rise because of large sovereign and bank borrowing in advanced countries, low public debt would help contain the rise in NZ’s cost of capital.
•IMF analysis shows faster fiscal consolidation would lead to a depreciation of the exchange rate, a smaller sovereign risk premium, and a lower current account deficit.
•The Government may need to take on more external debt should banks again have difficulty raising funds in global markets.
•Reaching a lower level of debt earlier than planned would put the budget in a stronger position to deal the fiscal costs of ageing.
Concrete measures to reduce spending should be introduced to return the budget to surplus earlier. Expenditure is projected to remain high at 34% of GDP by 2015 compared with 31% of GDP in 2008, mainly because of higher social spending.

Tax reforms could help raise potential growth. Shifting the tax burden from income to consumption – as suggested by the NZ Tax Working Group – would raise incentives to work and invest.

Analysis suggests a 1% of GDP shift of capital and labour income taxes to GST would likely raise the level of real GDP by almost 1% after 5-6 years.

Early steps should be taken to contain projected growth in health care and pension costs. Measures could include improving the efficiency of health care spending and linking the pension eligibility age to life expectancy.

The IMF supports the monetary policy stance and the Reserve Bank’s intention to gradually return to neutral rates. Over the next few years, inflation is likely to stay within the RBNZ’s 1–3% target, albeit toward the upper end of that range.

“We estimate that the output gap will not close before 2013.”

The inflation targeting framework served NZ well during the global financial crisis. The official cash rate (OCR) was high before the crisis, at 8¼%, because of monetary tightening in response to inflationary pressures in 2007/08. The framework was flexible enough to allow a substantial cut in the OCR to 2½% by early 2009. The present inflation target of “1–3% on average over the medium term is appropriate.”

A key domestic vulnerability is the exposure of banks to household debt of over 150% of disposable income. However, this proved to be relatively low risk in the recession.

The IMF supports closer collaboration with Australian authorities on regular stress tests and crisis management. The tests use more extreme scenarios than in past exercises, reflecting the international experience with the financial crisis.

The free floating exchange rate regime remains appropriate, as it enables an independent monetary policy and provides a useful buffer against shocks. The flexible exchange rate has moved broadly in line with world commodity prices and thereby reduced the volatility of NZ farm incomes.

“While there is uncertainty, our estimates suggest the currency is presently overvalued by 10-25%. Part of the overvaluation may be temporary and the exchange rate may depreciate as the interest rate differential narrows with eventual tightening by the US Federal Reserve,” the IMF said.

“Assuming the exchange rate remains at present levels, we project the current account deficit to widen to over 8% of GDP by 2015. High external debt remains a key vulnerability, especially for short-term debt.

Vulnerabilities related to external debt would be reduced by structural reforms to raise productivity and labour force participation, thereby lifting potential growth and export capacity.

nzresources.com



To: Maurice Winn who wrote (61700)4/14/2010 8:25:22 AM
From: elmatador  Respond to of 217644
 
"I have not defrauded you: all I do is love and care for you," he said in a message to the farmers who trusted their savings with him.

A Wanganui man who went on the run after allegedly cheating New Zealand farmers out of millions of dollars has been found living in Dubai.

stuff.co.nz



To: Maurice Winn who wrote (61700)4/14/2010 12:09:49 PM
From: elmatador  Respond to of 217644
 
$18bn African Investment – but can the Middle East take the call?

Since 2001, Investment into the African telecommunications sector has hit $18bn, however Africa has missed many opportunities to deploy cable infrastructure to the same extent as its competitive continents such as the Middle East and Asia.

Nevertheless leading authorities understand that such an infrastructure is vital for the continents development and they are planning to announce future moves into 4G at NGT Africa summit hosted by GDS international.

South Africa’s international connectivity received a major boost last year with the launch of the Seacom cable, a high-bandwidth data link connecting Africa with India and Europe. Two further major cables, the West African Cable System and the East African Submarine Cable, are due to come into operation over the next two years.

Africa can offer competitive prices to emerging companies and has obvious mass growth potential. Recent infrastructure improvements throughout the African Markets have allowed the continent to rival the likes of Dubai. As a direct result of the NGT meetings regions such as East Africa are now the choice of many multinationals as a gateway to the Middle East and Africa.

“So far, technology has been a strong point for Dubai. But the arrival of the new submarine cables will allow Africa to run services at a reduced cost.” Will Gary Austin, NGT Director


With so much growth potential and increased investments into the African telecoms market it comes as no surprise that the Middle East telecoms elite have been quick to announce their attendance at the NGT MENA summit to discuss how they plan to maintain their dominance within the market and provide the best services possible to outside investors.

Representatives confirmed to attend the NGT Discussions include Tony Shakib – VP Service provider Emerging Markets from CISCO and Knut Aasrud GM Communications Sector EMEA who will be on hand to share their thought leadership as technology innovators with Ghana Telecom (Vodafone Ghana) - Eric Valentine, Head of Technology Core Networks Orange Uganda - Phillipe Luxey, CEO MTN Group - Sifiso Dabengwa , COO Telkom SA - Charlotte Mokoena, CEO Vodacom Group - Vujani Jarana, Ex. Director Operations Virgin Mobile South Africa - Steve Bailey, CEO
"Cisco and SEACOM share a common goal to enable accessible broadband across Africa while lowering the cost of communication to spur growth within urban and rural communities. We're working with SEACOM to help transform Africa by outlining process change, building networks, and then providing the application services and expertise that support key services for citizens, such as education, healthcare, public safety, economic development, and national security. SEACOM will provide the catalyst for African consumers, business and government to realise the benefits of connectivity and collaboration across the globe." Courtesy of CISCO Systems Inc

© 2010 Al Bawaba (www.albawaba.com)
albawaba.com



To: Maurice Winn who wrote (61700)4/20/2010 3:54:00 AM
From: elmatador  Respond to of 217644
 
Brazil's cuddly ways are barrier to seat at the top table
By John Paul Rathbone

Published: April 20 2010 03:00 | Last updated: April 20 2010 03:00

ELMAT: We stepped on the toes of Israel!!!

Hillary Clinton, trying to stop what she fears is a warpath in the Middle East, is on a warpath of her own.

The US secretary of state is fighting to convince doubting countries of the merits of sanctions against Iran. Sceptics include Turkey (Iran's neighbour), China (a traditional disbeliever) and Brazil.

Brazil? Having sailed through the global financial crisis, it has become important in the comedy of nations, almost without anyone noticing. Only last week, Brasilia hosted the leaders of China, Russia and India at the second "Brics" summit - with South Africa along for good measure.

More remarkable still has been the speed of Brazil's ascent. It first attended a G8 summit only six years ago, as an observer. Back then, it had about 1,000 diplomats stationed around the world. Now there are 1,400. Last year, it even opened an embassy in Pyongyang.

"Brazil, Russia, India and China have a fundamental role in creating a new international order," President Luiz Inácio Lula da Silva said last week.

That is the kind of imperial language one might expect of Russia or China. In Mr Lula da Silva's case, however, it is sugared by the 64-year-old former labour leader's global image as a common man - or "the man", as Barack Obama once called him.

Certainly, Brazil's leader suffered no discomfort in embracing Mrs Clinton one day in March and President Mahmoud Ahmadi-Nejad of Iran the next - as he plans to do again during a visit to Tehran next month.

"I am infected by the peace virus," Mr Lula da Silva once said. Brazil's defence minister has even remarked that the country has no enemies.

However, Brazil's rainbow policy may be reaching its limits and could even jeopardise the permanent seat on the United Nations Security Council that it covets.

Recent gaffes have stretched the bounds of Brazil's honeyed image, and that of its president, too. "A political giant but a moral pygmy," Moisés Naím, editor of Foreign Policy magazine, remarked recently.

There was the moment in February when Orlando Zapata, a human-rights activist in Cuba, died after an 86-day hunger strike. "I don't think a hunger strike can be used as a pretext for human rights to free people," commented Mr Lula da Silva, despite the fact that he staged his own protest fast during Brazil's military dictatorship.

Then there is neighbouring Colombia, which Brazil has criticised for its agreement with the US over military bases, while ignoring Venezuela's support for Colombia's Farc guerrillas, and Caracas's purchases of Russian arms.

Finally, there is Iran. Last year, Mr Lula da Silva congratulated Mr Ahmadi-Nejad for his contested election victory. After likening protesters to sore losers in a football match, he invited Mr Ahmadi-Nejad to Brazil. It was part of the self-styled role that Brasilia, which supports Iran's right to nuclear power but not to nuclear arms, has adopted as peacebroker to all men.

To critics, this is gadfly foreign policy - narcissistic and naive. But like all powerful countries, Brazil is pursuing what it believes are its interests. Whether it is doing so effectively is another matter.

Brazilian diplomats are widely acknowledged as skilful negotiators, especially in trade. But the country lacks the research networks that inform the world views of, say, Washington or Moscow. It is not used to the floodlights of international opinion. Inevitably, it has made mistakes.

These have cost Brazil little, so far. Trade comprises only a fifth of the economy, so the need to maintain western commercial goodwill is not decisive. Foreign-policy issues count for little among domestic voters. Nor does it face any immediate problems on its borders. Brazil is less bound by security challenges, economic necessity or domestic politics than most. It can afford to say as it pleases - on Iran or otherwise.

Even so, many feel that if Brazil is to sit at the top table it will have to take hard choices. Brazil could help to get the Doha round of world trade talks off the ground - to its great eventual gain. But that would mean pushing on issues, such as intellectual property, that could disconcert current friends.

More challenging will be what will happen after October's presidential election, when Brazil will have to manage without the cover of Mr Lula da Silva's charm. Its image as a cuddly imperium may not endure.



To: Maurice Winn who wrote (61700)4/20/2010 3:54:24 AM
From: elmatador  Respond to of 217644
 
Lots of stuff non-manmade up the atmosphere. I wonder what those weirdoes climatologists would be talking about.

Perhaps a carbon tax on countries with volcanoes spewing stuff??

What? Tax Iceland? How they would pay? With fishes? LOL!



To: Maurice Winn who wrote (61700)6/1/2010 2:50:00 AM
From: elmatador  Respond to of 217644
 
Brazil giant to explore NZ oil. "...we need to attract investment from petroleum companies that have the capacity and capability to explore and build knowledge of our offshore basins."

New Zealand is keen to deepen its economic relationship with Brazil, which is the world's eighth largest economy, with GDP of $US1.7 trillion

tvnz.co.nz