Tuesday, October 19, 2010

Jewelry And Buckle Blanks

Gridlock The U.S. election: economy, foreign policy and Islam ...

On 2 November will be held at the U.S. midterm elections, reiterating the U.S. Congress - the entire House of Representatives and the Senate a party - for the next two years and two years after the historic election of Barack Obama to the presidency. The poll also looks difficult for my outgoing Democratic majority: according to several polls, the Republicans would be able to win the most seats in at least one of the two Houses. The Democratic Party would, in turn, charges a growing mistrust of voters toward Obama.

must say that most of the campaign was quickly focused on the primary American concern and the main weakness of the balance sheet of the first two years of Obama presidency: the economy . With unemployment at just under politically symbolic 10% unemployment, the announcement of "the end of the recession - technically justified the United States having returned positive growth but not spectacular, was not well received in public opinion that still feels the effects of social crisis. The U.S. housing market is struggling to stabilize the stimulus of the Obama administration is regularly attacked in the press because it does not show tangible results, and especially the reform of Medicare, which had raised a debate passionate time of its review and adoption, has not found its popularity, accused by Republicans of being transformed into " gulf in money." Raised the hopes Obama's election in 2008, in terms of employment, return to prosperity, in response to the crisis, now seem largely disappointed in the American press.

In the area of foreign policy of the United States, about some consensus, important sources of cleavages in American opinion, the Obama administration has still not won the diplomatic success it hoped. The big speech of Barack Obama in Cairo in 2009 will certainly be a great moment in American diplomacy, but it does not exceed the symbolism of the verb in the eyes of critics. On the record Nuclear Iran, Obama had proposed an alternative approach to the logic of force dear to George W. Bush, proposing "political Stretched " in Tehran. The results are not objectively in an appointment for the 2010 elections. Iran's nuclear program continues to progress, so much so that several U.S. think tanks, influential in shaping foreign policy in Washington now admit that the Iranian nuclear power is inevitable (the periodical Foreign Affairs, published by the Council on Foreign Relations, in March 2010 headlined " After Iran Gets the Bomb ).

The results are considered disappointing on the Middle East. In fact, few major initiatives have been launched by the Obama administration before the year 2010 on this central issue. Even the New York Times , unlikely to hostility to the Democrats, criticized Obama for calling in a panic peace negotiations between Israelis and Palestinians, only to end election to win in urgent diplomatic success that was lacking before Targets of November 2, 2010. These peace negotiations now seem largely compromised, mined by internal dissent on the Israeli government, Benjamin Netanyahu is torn between his coalition of moderate and right wing of the Minister Lieberman, and Mahmoud Abbas is increasingly overwhelmed by less moderate than he is. They stumble in particular on the issue of Israeli settlement in the West Bank. The idea then developed to a large segment of the American electorate, there has been no significant progress on two major issues of American foreign policy in two years of Obama presidency. This is especially
criticism by opponents of longtime Barack Obama: he is indeed surprising to see Republicans denounce state intervention, higher deficits, the disappointing economic performance or the foreign policy choices of the president.

More surprising is the disaffection that the Democrats seem to suffer from their own electorate . Remember that Barack Obama was elected by the educated middle classes, minorities and especially by young people. Now this is a very interested and motivated electorate parliamentary elections by mid-term by the president. Their participation may be lacking in democracy camp. But their abstention can not be explained by sociological reasons. American youth in 2008 Obama was elected on the promise of renewal. In a major shift in political life, its methods, with a way of thinking and doing things differently, which directly involve citizens in policy making. Obama spent much of this rhetoric is to transcend partisan divisions on the promise to renovate the old political practices of the capital based on a systematic opposition between Democrats and Republicans, and on negotiations with passages and commissions. It was to "change Washington" by devoting transparency.
Today it is widely criticized Obama for having left locked in the political culture of Washington bipartisan and not being able to build compromise with Republicans, not to be associated with opposition in decision-making. The intransigence shown by the Republicans, voting consistently against all projects of the president in voting in Congress, led to the failure of several modernizers projects dear to the president, as the introduction of financial transparency of election campaigns. Ultimately, all that showed American voters that Washington had finally changed. The criticism is now focused on Obama, made in contradiction with its promise of renewal and rejuvenation of American politics.
Unexpected in the American election campaign is the theme of Islam . It is no longer a politically marginal . It partly explains the thrust of the ultra-conservative movement Tea Party, led by ex-candidate Sarah Palin and Glenn Beck. It is part of a series of controversies that have rocked the United States, primarily those concerning "the mosque at Ground Zero in New York.
The construction of an Islamic cultural center in lower Manhattan, just blocks from the site of the former twin towers destroyed in an Islamist attack September 11, 2001, triggered a sensational controversy that has two values in conflict fundamental about America: one side, tolerance and religious freedom for which the U.S. is definitely best, and the other freedom expression and absolute democracy, that we see every day in America, giving permission to deny the right to build a Muslim place of worship on a site as emotionally charged. In the wake of this controversy, the case of a pastor in Florida, announcing his intention to burn copies of the Koran on the day of 11 September, has pushed up a notch tension and debate about Islam in the States USA.
This is neither more nor less than the question of the role of Islam in American society that is asked . The subject, hitherto latent, took place Central to the campaign because of the controversies that have given him a national scale. The State of Oklahoma for example, has been rocked by a debate about the applicability of Islamic law in American law, a referendum has been held for the same proscribed. To believe the analysis of the Council on Foreign Relations , share more and more of the American public finds growing skepticism with the increase in Muslim population in the United States, and associates Islamist terrorist risk still threatening. Islam would be treated a security risk, according to the think tank similar to the fear of communism during the Cold War, which had fueled the reaction of McCarthyism. The New York Times and questioned about a possible rise of "Islamophobia " the United States, which "would undermine religious tolerance, the mainstay of the Constitution .

Economy, foreign policy, life and political practices, Islam ... themes dominating the election campaign clearly favor a protest vote against the Democrats Obama which personally supported the construction of the "mosque at Ground Zero. Reborn in such conditions of old fears unfounded, with surveys showing that now, 20% of Americans believe that "Barack Obama is a Muslim .
However, the success of the Republicans is not acquired . If the electoral context is favorable, the "Grand Old Party" is not in the political conditions provide a strong and credible alternative to the Democrats. Its think tanks struggle to renew their thoughts and ideas. Failed leadership, the Republicans are always looking for figures nationwide, to counter Barack Obama, but also a new political force that overflows from the right and destabilizing: the Tea Party.

Sunday, October 17, 2010

Procedure For Biopsy Of Ovarian Cyst

"War changes" disorders, post-crisis

For several weeks many disparities between different persisent central bank. The United States is experiencing a weakening dollar and are now seeking to boost exports. Japan is experiencing a weak economy, however, with a strong currency (hence the market intervention to lower the yen). China limits (or manipulates) the appreciation of the renminbi to facilitate its trade policy. As discussed policy monetary, exchange rate policy, trade policy are all contingent on current economic conditions: low demand and re-budget adjustments.

The need for post-crisis monetary policy

The European Central Bank (ECB) has in turn made the leap with the expiry of exceptional refinancing 6 months and 1 year and gradually reducing its participation in government bonds (more than 10 billion euros in 2009 we are today to evoke million). These measures are distinguished primarily by other central banks around the world who are more likely to reverse the measures already undertaken during the crisis. In addition, the appreciation of the euro would be more conditioned to unsterilized purchases of assets by some countries that increase their liquidity, so their monetary base, which eventually leads to a decline in their currency.

In this context, the ECB has three ways to improve its policy limit its liquidity policy, supporting the bonds and changing interest rates. If the first two levers have undergone many changes, the issue of interest rate maintains a mistrust in the financial markets. The Euro Interbank Offered Rate, or Euribor, the average rate of pay for interbank term deposits within the euro area is 0.77% for 1 month, 0.99% for 3 months or 1.20% over 1 year while the refinancing rate remains at 1%. A change in that rate is expected mid-2011. In internal politics of Jean-Claude Trichet subject of much debate in recent days especially since the intervention of Axel Weber, member of the Governing Council of the ECB, which supports an immediate halt to redemptions of bonds and sovereign debt the debt of banks in the euro area. The debate is in fact based on arbitration: when stop these extraordinary measures? Weber thinks that acting too soon will cause less damage than acting too late. Jean-Claude Trichet, when its part, maintains that it is not the time - a decision supported at least a majority of the Board of Governors. These discussions have as much impact on the monetary policy of the ECB as its credibility, and that is where the problem of global foreign exchange arises.

The unconventional monetary policies or the valuation of risky assets

We recently assisted as mentioned earlier in the text, the introduction of unconventional monetary policy that is to say an increase in the size of the central bank balance sheets by buying financial assets (like bonds). In this context, the ECB announces gradually prepare the end of the famous exceptional measures. Market reaction: appreciation of the euro vis-à-vis other currencies. It is the uncertainty over other currencies that values the currency of the eurozone. This assessment also appears independent of changes in the Credit Default Swaps (CDS) - derivatives to insure against default risk payment of a state or a business. Better, given the evolution of financial markets including those risky assets, end extraordinary measures taken by the ECB raises investor confidence and therefore a valuation of these asset types. These are essential because they show that the monetary policy of the ECB is no longer so dependent on defects in failure of some states, as was the case a few months ago, but more reforms envisaged and anticipated - particularly coordination of the various central banks. In short, the problem of the monetary policies of various central banks should not so interpreted by financial markets - that emphasize quantitative measures facilitating the recovery of assets - but more by the financial reforms that will be undertaken and efforts by each state vis-à-vis their budget constraint.

Olivier Blanchard highlighted the various factors that play a headache for monetary policy. In the latest report "Global Financial Stability" IMF issues of internal and external rebalancing are highlighted. Policy Exchange First, reserve accumulation prevents the adjustment of exchange between them despite the entry of new capital - it is the case in many emerging countries. The current account surplus recorded in these countries maintain a climate of uncertainty in addition to policies Quantitative Easy. A second factor is based on trade policies that are themselves based on countries' fiscal policies.

Trade Policy and fiscal policy: two factors in the evolution of currency

fiscal policies are related to rebalancing domestic savings. The crisis has reduced private demand, the decline was offset by public demand to limit the decline in economic growth. Today it is imperative that the private demand recovers its leading role in the savings - something even more important that we ask the states to consolidate their budgets and stabilize or reduce their debt. In parallel, the weakness of private demand is accompanied by a dichotomous choice of trade policies between countries. China has built and continues to grow its external demand (internal and otherwise) while the United States know, however, a decline in private demand (high savings), which penalizes its economy. These parameters supply the debates on rate hikes Interest in the U.S. and Europe. Olivier Blanchard's argument is to argue that these economies did not need at the moment of rising interest rates, but macro-prudential measures and priorities relating to financial system reforms. For the French economist, investment and demand will leave if and only if the financial system is reformed.

In sum, the upcoming international meetings such as economic policies will have a key role. Coordination between central banks would be a great way to re-adjust the exchange between different currencies and so-cons carrer expectations of investors (by limiting non-conventional monetary policies, even if sterilized to the image of the ECB). Without coordination the machine would become even more complex. If the financial system takes advantage of current monetary policy is its structural changes (reforms) that will impact the real economy of tomorrow.

Tuesday, October 12, 2010

Privacy Clause Example

Reading note: the company translucent

The new site of Perspectives on the Economy is now available!

opportunity to read the note reading book Augustin Landier and David Thesmar written by one of the authors of Peripolis taking part in the adventure NCE.

Monday, October 11, 2010

Chest Infection Go To Work?

Mortensen and Pisarides Diamond: Nobel Prize Economy

Peter Diamond is recognized for its extensive work in macroeconomics, in default of being with Mirrlees, Nobel laureate in 1996 already.

Pisarides and Mortensen have developed models such pairings already mentioned on the blog in a post about the taxation dismissal.

Sunday, October 10, 2010

Periodic Leg Movements

2010 Death of Maurice Allais

The day before the announcement of the Nobel Prize in Economics 2010, Maurice Allais - French Nobel Prize-winning single in the discipline - is died .

His work in decision theory (the famous Allais paradox) or in macroeconomics have particularly distinguished in particular those dealing with efficient markets that will yield the Nobel Prize in 1988. It will remain the forerunner of many theories become famous. He also provides a basis for the rule of growth popularized Phelps later and brought, among others, a basis for academic work related to intertemporal processes (generalized by Samuelson thereafter). His reformulation of the quantity theory of money demonstrates once again that Maurice Allais is a key figure in development economics in the 20th century and an architect of its mathematical formalization.

Friday, October 8, 2010

Edible Glitter Dissolve

Order

For those who can not move the store there is always the possibility of placing an order.
For all orders above 60 €, shipping is available for Belgium and for France.In Nord below this amount is a fee of 5 € you will be charged.

Tuesday, October 5, 2010

Jelly Bracelets Color Chart Meanings 2010

wool

Workshops 2010

1. Gloves & Mittens
Friday, October 29th from 13:30 to 15h 30
Price: 12 € + cost of wool
In agreement with the participants, a 2 nd course can be arranged.


2. Beginners Knitting
Friday, November 12 from 13:30 to 15:30
-mount mesh
-garter
- for a scarf

Friday, December 17th from 13:30 to 15:30
-fold mesh
finishes the wrap-
-jersey-jersey place to
-cuts
achievements of a cap-

Friday, January 14, 2011 from 13:30 to 15:30
-cap finishes
- increases - decreases
-realizations of a flower to knit ....
Price: 12 € / studio + wool


3. Hook beginner
Friday, October 22 from 13:30 to 15:30
- chain stitch, cast, tight ...
Price: 12 € + wool

Friday, November 27 from 13:30 to 15:30
flanges, trebles ...
Price: 12 € + wool


4. Scarf knitting
Friday, November 19 from 13:30 to 15:30
Price: 12 € + hardware


5. Birch upside
Friday, December 3 from 13:30 to 15:30
-learning point lace
Price: 12 € + wool


6. Stole Japanese
Saturday, November 27 from 10am to 13pm
Price: 12 € + wool


7. Free workshop
Dates to be set
Price: 5 € per workshop


Practical
To complete your registration, we ask you to pay a deposit of 50%.
If you can not attend the course, please call us 48 hours before the chosen date. You can, as soon when you register for another workshop.
Without warning, the deposit is lost.

We are open to any proposal, any suggestion from you.








Saturday, October 2, 2010

How To Dance Like An 80s Aerobics Instructor

Nobel Prize in Economics 2010

In one week the 2010 Nobel Prize in Economics will be awarded. Thomson Reuters has proposed some names: Alberto Alesina for his studies on political-economic cycles, Nobuhiro Kiyotaki and John Moore for the model that bears their name and shows how small economic shocks can be amplified by significant fluctuations in returns due to credit constraints. Finally the name of Kevin Murphy for his studies on the social economy (unequal wages, medical research, etc..) Was submitted to the readers.

In macroeconomics we should not forget that neither Romer nor BARRO have yet received the medal. Similarly, work in finance from FAMA causes each year, forecasters to capitalize on its behalf. In addition, DIXIT, BHAGWATI, HOLMSTROM, Helpman and Grossman, Milgrom and Tirole NORDHAUS or are candidates to be entirely credible.

Quel domaine devrait être à l'honneur cette année selon vous?
Quel chercheur est susceptible d'être récompensé?
A vos pronostiques!