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Emerging Markets |
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Friday, April 2, '04
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 | George Bushs Fiscal Finger of Fate Inflates Gas Prices 04-02-04 (Yahoo) Gasoline and heating oil prices in the U.S. are at an all-time high and rising. But it may surprise Americans to learn that in Europe, they've essentially remained steady.
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| Gas prices around the world 04-02-04 (Yahoo) Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. A few countries, like Venezuela have prices that are far lower.
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| Study: Pricing Less Competitive Online 04-02-04 (Yahoo) A study by MIT finds that the Internet, where customers can easily comparison shop, is actually less price competitive than traditional store retailers.
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| Whats That Sound? 04-02-04 (NY Times) I hadn't been to Mexico since 1996, so it definitely caught my ear when I started to hear two non-Spanish words on this trip that I'd never heard here before: "China" and "India."
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| Globalization Index 04-02-04 (Yahoo) One way to understand something is to measure it. But when the subject is globalization, that's a daunting task.
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| Jobs outlook depends on point of view 04-02-04 (Yahoo) Like so much of life, interpreting data about jobs and the economy depends on whether you choose to see your glass as half-full or half-empty.
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| Economists enter war of words on outsourcing 04-02-04 (Financial Times) For economists it is an article of faith that it is good for the US economy to move some jobs to countries where costs are lower.
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| Argentine governor faces arrest 04-02-04 (BBC) An Argentine judge has ordered the arrest of the governor of the northern province of Santiago del Estero.
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| Documents Shed New Light on US Support for 1964 Brazilian Coup 04-02-04 (Yahoo) A newly declassified audiotape and documents released here Wednesday 40 years after the 1964 coup that installed military rule in Brazil show that then US President Lyndon Johnson was directly involved in the decision to back the coup forces, if necessary.
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| Venezuela Workers Who Backed Recall Fired 04-01-04 (Yahoo) Computer engineer Ingrid Sanchez, 32, signed a December petition demanding a recall vote for Venezuelan President Hugo Chavez. In February, she was fired from the government water company.
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| Energy Scarce as Argentina Faces Winter 04-01-04 (NY Times) UENOS AIRES, March 30 - The nascent recovery that has lifted the Argentine economy over the last year is being threatened by a shortage of electricity and gas,
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| Brazil unveils investment plan to defuse unrest 04-01-04 (Yahoo) Brazil's left-leaning government on Wednesday announced a R$15bn ($5.1bn, £2.8bn, EU4.2bn) investment and financing plan for industrial development amid growing demands for more aggressive social and economic policies.
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| Ice Cream Economics 04-01-04 (Yahoo) Milk prices are up, Madagascar's vanilla crop is thin and chocolate is tougher to come by in west Africa.
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| Finding cures for an oil-addicted nation 04-02-04 (Yahoo) The main culprit behind today's record price for a gallon of gasoline in the United States isn't OPEC, or the Bush administration, or Congress.
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| Saudis Defend OPEC Decision to Cut Output 04-02-04 (Yahoo) Saudi Arabia on Thursday defended OPEC (news - web sites)'s decision to cut oil output, claiming there was an oversupply and blaming price rises on speculators and concerns about Iraq
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| OPEC Rift Puts Credibility on Trial 04-02-04 (Yahoo) Emerging discord in OPEC (news - web sites) over the political wisdom of supporting high oil prices will sharpen scrutiny on whether the cartel's internal supply discipline is starting to crack.
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| Oil Shortage? 04-01-04 (Yahoo) Saudi Arabia: There's plenty in the ground, but it won't be easy to get. The kingdom may need major new foreign investors. Will it dare open up?
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Newest messages appear on top.
04-02-04
victorn:
spurs <<You all have a ploblem with Condy, I think she have more brains then all colores together> Precisely Pillz> perhaps you would be kind enough to explain what pilly and chuy have not? why is she so smart?
04-02-04
victorn:
interesting how many people spell incorrectly the word <cynicism>. probably because of the translation from their mother tongue.
04-02-04
amigo latino:
<Spurs:…..Condi was never central to the issue of War in Iraq. She was entirely peripheral. Neither was she in much of a position to do much regarding the 9/11 warnings coming at them…> Apparently this is the case (which was mentioned in the newspapers at the time of the invasion of Iraq.
04-02-04
Glutt:
Btw, it is not clear if collapse of Turk-Cyprus negotiations will ever ban Turkey from applying to the EU? Although it is hard to expect a U-turn in referendum(s). What I still hope for is a bit of politics, as US for instance does not probably want any decisions on EU part that may radicalize Turkey and inside Turkey opponents of West may get a badly needed card saying: hey look, west is not willing us, they treat us like monkeys, want us be their slaves and dance to their tunes but why should we? In such case I suppose US will exert more pressure on EU. Further, EU may become deeply split itself on the issue which it would like to avoid, but may still decide to leave dirty job to the new coming mini-me(s) countries. PS: what I would suppose for both Turkey and Cyprus as a whole would be: you guys sit down to the table and clinch a deal, otherwise no one of you will ever become a part of EU. I do not know but could it be a good stick and carrot for both? Lets hope political winds are changing and Turkish bid will not die automatically with seemingly collapsing reunification process.
04-02-04
amigo latino:
<Victor: ..Argentines lighted thousands of white candles outside Congress and held up photos of victims of the recent surge in ransom kidnappings, street holdups and robberies…….>Victor, recently I made multiple postings about the above crime problem. Apparently in greater BA area there is one kidnapping per day. I never expected such a degree of violent crime in Argy.
04-02-04
savonarola:
Veni 18 <118.5-120>
04-02-04
savonarola:
Veni 27 <90.25-90.75>Veni 34 <90-90.5>
04-02-04
Alexander:
<<<04-02-04 Patient-Trader: That she was three times divorced would have made some men slightly suspicious :-) >>>this wasn't the same that poisoned her 7 previous husbands ???
04-02-04
Glutt:
spaldo <they are actually shooting in their feet> I would not say so, they simply worry about infiltration of terrorists so they shrunk permits for only those nationals whose countries are low on terror list. Marvelous, now traveling to the place I will feel safer… :--))) otherwise you will think I am serious. Seriously speaking there is no explanation to collective madness going around many places so a no surprise with the rules IMHO.
04-02-04
spaldo:
indonesian visa regulations http://www.north-sulawesi.org/visa....they are actually shooting in their feet ... rgds. to all,
04-02-04
Glutt:
spurs, you know it so tell me, would a law suit I mentioned fly? I suppose American justice is very obsessed about any kind of such discrimination and punishes those responsible hard. I think this girl can easily prove it as she at the time of her entry carrier was surely sleeping with the guy and so then the guy will have to prove that there was unfair treatment of her on his part? Hm… if I would be born in US I most probably would become a lawyer, this is really big fun.
04-02-04
Glutt:
torgay, test what? btw, as soon as you are here would you tell your expectations for Cyprus deal. Simply, is there a chance or it is dead and whether this will deter Turkey’s bid for EU accession talks? As always your expert opinion is appreciated.
04-02-04
Glutt:
Btw, I am not a lawyer but I suppose if this girl had employed not only her sexual organ to rip him off but also her brain (if there would be some) she could easily file a complaint in a US court to sue this guy for …sexual harassment. Apparently this idiot American loverboy himself signs a confession that he allegedly entered in an agreement to help her carrier in exchange for sleeping with her, at least some kind of this interpretation can be made. In this case this guy will lose not only those 60K but also entire cards and big amounts on good lawyers to prove to the contrary. Ah??? Who dares to call the girl and tell her? May be Primo or Opti?
04-02-04
Glutt:
Here are some excerpts from the article PT posted <What people
don’t quite realise is how resilient Russians are — and how much we love
expensive things.> lovely, the girl surely had bonanza with that credit cards of her American boyfriend < Once I was in Paris with my team and the fashion writer
wanted to buy something for her baby. An English colleague suggested
Monoprix. In fact she went and bought something in Baby Dior. I know what this girl earns and it’s not a great deal, but that’s the way we are.” > this is really achievement, so now baby kid can proudly show labels while playing in kindergarten. What is interesting is that such behavior IMHO comes not from the way Russians are but from their poor minded heads as they did not have all of this until recent but now want to compensate themselves for the entire life. So there is nothing to be proud but story is indeed funny and reading plaintiff complaint is very big fun, the guy is apparently an idiot even by American standards IMHO.
04-02-04
AtillaTorgay:
test
04-02-04
spurs:
<Spurs, if you enjoyed it then you should read as well the interview with the girly in the NYT in her capacity as Vogue Russia Editor >excellent! You have made my day, unless payrolls are 0.
04-02-04
PaxWax:
Leave today for the south of France... au revoir (:~)))
04-02-04
PaxWax:
"We believe the process now would benefit from more consultations on an
informal level and we are informing the 34 nations today of the decision to postpone the meeting tentatively scheduled for this month."- Peter Allgeier, the deputy U.S. trade representative, speaking on a Free
Trade Area of the Americas meeting to be rescheduled.
04-02-04
Patient-Trader:
Spurs, if you enjoyed it then you should read as well the interview with the girly in the NYT in her capacity as Vogue Russia Editor http://www.cdi.org/russia/johnson/5...
04-02-04
spurs:
<You all have a ploblem with Condy, I think she have more brains then all colores together>Precisely Pillz.
However this is another example of the liberal US media screwing up. Condi was never central to the issue of War in Iraq. She was entirely peripheral. Neither was she in much of a position to do much regarding the 9/11 warnings coming at them. Bloody idiot Dems or Dem journalists should be concentrating on the decision to invade Iraq, who made it and why it was made. Similarly it would be nice if someone asked Ashcroft why he stopped flying on commercial aircraft in September? Same with several of the senior administration officials. By concentrating on Condi, they are attacking the member of the admin who is most likely to have exculpatory evidence. Straw man, or in this case woman.
If you want to get at the administration, they should be asking why exactly Dick Cheney paid weekly visits to Langley in the run up to 9/11 and after, and what his conversation with the CIA were about.
There is a theory going around the US intelligence community (i only know ex-spooks so take with a pinch of salt), that says the senior officials had plenty of warning of an unspecified terrorist threat, and more specifically a hijacking threat. They chose to do nothing cos a) the warnings was not sufficiently specific and b) nothing could be better for their agenda of increased security spending, and eliminating troublesome interest groups than a minor hijacking.
How were they to know it wasnt going to be a minor routine hijacking!
04-02-04
Glutt:
victorn: <how can brazil change cac w/o approval of bondholders? what am i missing?> the news posted later by Mania seem to speak about the clause for new bond issues, not older ones in my humble understanding. <Brazil eased clauses in all new bond sales registered in the U.S., lowering the number of bondholders who have to agree with the government on a new debt plan after a default, the central bank said in a statement.> how could they? One has to look into covenants of new issues containing collective clause. I have not red that so sorry, no opinion. What remains unexplained is whether Brazil changed covenants in that way for all NEW issues or for NEW + NEWLY placed already issues? Good question. Anyway, as Argentina debt saga shows it might be well advisable to have such collective clause and lower approval required in order to avoid stalemate in any possible restructuring. Surely the issuer wins in this situation and bondholder loses, at least holdout will become difficult if nearly impossible to pursue. I suppose we have spoken long ago about this clause and concluded it is disadvantage for bondholders. However looking at how Argentina twists the matter and throws covenants out of the window without any consequences yet I am afraid bondholders may have no better choice. In this sense sovereign debt in EM proves one thing: there is no free lunch, if sovereign cannot go in CH11 like corporate that does not automatically mean better chances and value in this or that case. So whether previously high yielding sovereigns were sweet and we maintained usual EM sovereign addiction mantra today levels of spreads are different while more sad questions come to investor mind.
04-02-04
spurs:
<BTW: some interesting law suit regarding Russia Journal's John Helmer >Thanks PT, that document made my morning. Couldnt happen to a more deserving case. Im glad to see idiot yanks who couldnt keep it in their pants, paying the market rate for their stupidity. Im particularly amused cos Im pretty sure most of these expat journos spent their days laughing at russia and russians for being backwards.
If they are so stupid Mr Helmer, how come she has your money?
04-02-04
Patient-Trader:
BTW: Baltic states are gripped by pre-Euro-accession food hoarding - expecting sky-rocketing prices or no availibility at all of certain items, especially coarse salt for pickeling food.Native Russians pile up coarse salt, sugar and wheat - the average stock per capita in the Russian speaking areas is said to be 60 kgs salt http://www.baltictimes.com/art.php?...
04-02-04
Patient-Trader:
That she was three times divorced would have made some men slightly suspicious :-)
04-02-04
Alexander:
http://www.meetrussianbrides.com/
so Johnny should have been more careful
04-02-04
Patient-Trader:
BTW: some interesting law suit regarding Russia Journal's John Helmer http://www.dcd.uscourts.gov/02-0046... John Helmer sues his former Russian girlfriend. It seems he is not quite in tune with Russian customs.
04-02-04
Patient-Trader:
Neznaika, <interesting comments on <Khodos> manifesto> Certainly interesting in the respect that the opinion voiced might reflect government opinions. Russia Journal sounds like a government organ these days - executing regular hit-jobs. I wonder who finances it.
04-02-04
PaxWax:
...and of course until the <colores~ring> started bidding against him.
04-02-04
PaxWax:
I'd like to know how Slim managed to buy his first large percentage of GLBC at the low price at the time and scarcely moved the market,,, until of course the affair became public knowledge.
04-02-04
danni:
today after the U.S jobs report i will load all my 80% <cash> in 1&2yers UST
04-02-04
carib:
Chuy: permanent cynism= sure way to get poorer...
04-02-04
Chuy:
<Carib,Vitorn> <little respect towards others in general.> and cynism
the name of the game.
04-01-04
victorn:
carib yes. little respect towards others in general.
04-01-04
carib:
Vic: I am quite convinced that a vast majority of Argentinos is not "ladron"...but they have been raised for decades under a political culture that shows no respect for private property...and the consequences can be seen...
04-01-04
carib:
Vic: K is relatively honest, compared to Duhalde, RSaa...and the other PJ governor who was arrested today just hours after being sacked...to prevent him from fleeing the country with some loot...
04-01-04
victorn:
NEW YORK - Dow Jones & Co. is reshuffling its benchmark industrial average for the first time in more than four years.Out are AT&T Corp., International Paper Co. and Eastman Kodak Co. in favor of financial services company American International Group Inc., telephone carrier Verizon Communications Inc. and drug maker Pfizer Inc.
04-01-04
victorn:
carib that's what i also thought at first (ladrón que le roba a ladrón...) but, unfortunately, people who are robbed many times are not thieves themselves. in argy's case a significant % of these people who are robbed support k, but they are not thieves themselves.
04-01-04
carib:
Vic: theft becoming illegal in Argy would be...revolutionary!
04-01-04
victorn:
"Arafat has no insurance policy" - ariel sharon.
04-01-04
carib:
I do not know Condy, and her looks are irrelevant in her job. All I can say is she does not sound like Kissinger to me.
04-01-04
victorn:
BUENOS AIRES, Argentina - More than 100,000 people marched through the capital Thursday to protest crime, shouting "Justice! Justice!" in one of Argentina's largest demonstrations in years.Argentines lighted thousands of white candles outside Congress and held up photos of victims of the recent surge in ransom kidnappings, street holdups and robberies that has become an overriding concern in this South American nation of 36 million people.
04-01-04
PILLZ:
<but brains and politics are different things>Not always, for me Condy have brains but poor politico brains...she understand the world picture, but not the political one..
04-01-04
Chuy:
<Wally> <como esta vuestra merced y como esta su señora? will we meet this year?.> ambos bien vuestra señoria, y de vernos este año?, con el favor de Dios.
04-01-04
victorn:
what is the difference between a dvd+rw disc and a dvd ram disc in practical terms? i understand that both can hold 4.7 gb of data. the only thing i have found out about dvd ram is that it's recommended for backing up data, while being compatible with future generations of dvd readers. can't you backup data on a regular dvd+rw disc? or is it not reliable to use a dvd+rw for this purpose?
04-01-04
wally:
<carib: That is ECONOMY, Wally! :-((> you know and i know that neither one of the two us are flying economy. but do others have to know? we just keep it a BIG secret that we fly business or first. nobody will find out if we keep our mouths shut. let's keep on complaining how velly difficult life is and if we are lucky <pilly> or some other well-to-do colore will invite us for dinner and drinks, so... sshhhhhhh...! :~)
p.s. we still have to find a way who will pay for our hotel "shvites".
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