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


To: TobagoJack who wrote (64761)7/16/2010 3:35:16 PM
From: Cogito Ergo Sum  Read Replies (2) | Respond to of 217592
 
From: Wade 7/16/2010 2:41:51 PM
Read Replies (1) of 20771

Is this good or bad for gold?

wallstreet.blogs.fortune.cnn.com

China trims Treasury holdings
China trimmed its world-leading Treasury hoard in May, even as other foreign investors continued to buy U.S. assets.

China's official holdings of U.S. government bonds slipped 4% in May to $868 billion, Treasury said in its monthly international capital report. That leaves China's stash at its lowest level of the past year.

The pullback by China, the biggest overseas lender to the United States, comes at a time when central banks around the globe have been mulling a shift away from dollars.

The euro has recovered some ground against the dollar after a spring free fall, thanks to a slip in the market's assessment of U.S. growth prospects. China, which has the world's biggest pile of foreign exchange reserves, recently ordered a billion euros worth of Spanish bonds.

The Treasury holdings of all foreign official purchasers, such as central banks, dropped to $2.7 trillion in May from $2.72 trillion in April.

But Treasury purchases by overseas private investors more than made up for the slip in central bank demand. All told, foreigners bought a net $35 billion of long-term U.S. securities in May, and global Treasury holdings rose by $6 billion in the latest month.

Any reduction in China's Treasury holdings will renew the perennial worry about China dumping U.S. assets and driving up interest rates here. But Michael Pettis, a finance scholar who teaches in China, says those who fret over that scenario are wasting their time.

The outcome Washington should be concerned about, he writes, "is its diametric opposite – a tsunami of capital flooding into the country," at a time when policymakers everywhere should be trying to counter trade imbalances.

Message 26689157



To: TobagoJack who wrote (64761)7/17/2010 4:37:52 AM
From: energyplay  Read Replies (1) | Respond to of 217592
 
Re: Foxxconn - thanks for the info.

I assume they will end that policy soon. Foxxconn tried to have good policy, and events have turned it into a f**king nightmare.

I feel sorry for the Foxxconn manager who did the right thing, only to have it blow up.

On the suicide rate : The US population is much older and will have many people at end of life (cancer, other nasty diseases) and some in considerable pain.

Another factor is that all the Foxxconn people are able to hold a job and be productive, many of the US suicides are unemployable or crippled in significant ways.

So there should be a pretty low suicide rate for Foxxconn.

Note that the people from rural area who found work at Foxxconn 1) found work - the kids that had to go home to the farm after NOT finding work who will be hurting. Also, Foxxconn paid well and had some visibility if not prestige.

Suicide rate for adolescents in the US is about 8 per 100,000.

en.wikipedia.org

The other side is what is really going on when you have 100,000 people from 18 to maybe 33 years old jammed into a closed campus for a long time. Social hierarchy games ? Cliques ? Rampant sexual activity ? (I expect that Foxxconn worked hard to keep the place from turning into a Spring Break party world)

Human animals that can't make their own choices and move around can find many ways to be nasty to each other. That behavior will develop spontaneously, see the Stanford Prison Experiment.

There is way too much suicide among young people, there is something evil going on, in the US and other places.

These kids were from Palo Alto High and Gunn High, both good schools with well off parents -

Aug 24, 2009 9:37 pm US/Pacific
3rd Caltrain Teen Suicide Spurs Action
PALO ALTO (CBS 5 / BCN)

Palo Alto Girl Struck, Killed By Caltrain
(8/22/2009)
Caltrain Urges Caution After Spate Of Fatalities
(6/9/2009)
Caltrain Kills 2nd Teen From Peninsula School
(6/3/2009)
Teen Boy Killed By Caltrain; 2nd Death In 2 Days
(5/6/2009)
Caltrain officials said Monday that the best way to deter teen suicides on Caltrain tracks is to address mental health issues on a community level and tone down news coverage of the deaths of several young people at a Palo Alto crossing since May.

Caltrain spokesman Mark Simon said at a news conference in San Carlos Monday morning that the transit agency and its employees are "devastated" by each death, including that of a 13-year-old girl on Friday.

The girl was struck and killed around 10:45 p.m. at the East Meadow Drive crossing.

On May 5, a 17-year-old boy was struck and killed by a Caltrain at the same crossing. On June 2, a 17-year-old girl was killed there. Both teens were students at Gunn High School and both deaths appeared to be suicides.

On June 4, the mother of another Gunn student called Palo Alto police to report that her son was acting strangely and heading for the train tracks. Officers restrained the teen as he headed toward the East Meadow Drive crossing with what police said were suicidal intentions.

Administrators at the Palo Alto Unified School District and Gunn High School said they are not commenting on Friday's death, or Caltrain's statements regarding suicide prevention. An assistant to PAUSD Superintendent Kevin Skelly said that administrators are still planning the support and resources they will make available to students when school starts on Tuesday.

*******

Sarcastic article about the Gunn High Suicides. Best part is some of the letters form Gunn students which mention the pressure level.

blogs.sfweekly.com

Here's one -

Former Gunn Student says:
I laughed out loud after reading the title of this article because it's as insensitive as a holocaust joke.
Funny stuff, but I thought SFweekly was a respected and serious news company instead of comically cynical shit like the onion.
Oh, and yes. The solution IS obvious: change the motherfucking curriculum so that Gunn isn't so goddamn stressful. When I used to be a student there I slept 4 hours a night on average. Every student taking a substantial course load there at least THINKS about killing themselves at some point.
Combine the stressful curriculum with the fact that the schoolwork could eat away at a student's potential social life. Goodbye, teenage childhood.
Cutting the Caltrain budget to have fewer trains running isn't going to do shit. That's like trying to put a band-aid on the skin of a dislocated shoulder joint. If a human being is driven to the mental state of wanting to take their own life, they will find a way to do so.
F**king retards.
Posted On: Monday, Jun. 8 2009 @ 6:15PM

Gunn Student says:
Dear sir.
I believe you are an ill-advised, distasteful son of a whore and should be banned from writing such ugly, mean articles.
My sincere apologies that I took even five minutes of my time to read such blatant cynicism and sarcasm. I assure you that upon seeing your name on any future article, I will avoid it like the plague. My firm opinion of you is this: you should die, alone, on the side of a road, in a ditch, knocked there by some lackadaisical high school student that has never felt the pressure of intensive learning, and so chooses to spend their time partying and driving drunk.
As a current student at Gunn High School, I have many-a-time felt the pressure that has almost led me to commit suicide myself, and I would like to know that that feeling is not being made light of by self-righteous, demeaning assholes who can't write sympathy into an article regarding the death of two brilliant, lovely, and warm people like JP and Sonia.
I hope you die.
Sincerely,
EA.
Posted On: Sunday, Sep. 20 2009 @ 7:36PM