Jiao-yan assassin Baby embodiment of the Olympic Games ...
2008-07-19
Presentation elements of the Beijing Olympic Games released
Olympic official website on July 17, "Qinghua Ci", "white-fat," "gold-embroidered" "Yu Pei," "Silk" and "China's Red Rose," "silk silk mounting"…… in the dedication of the "dancing Beijing" "The Insert-"" Zhuanzi "and a series of traditional Chinese culture and the Olympic spirit perfect combination of boutique, a forthcoming Olympic Games Show China's strong winds again show before the whole world - the Beijing Olympic Games officially announced the main elements of presentation. The announcement of the elements, including awards presentation, presentation bouquet of flowers, certificates and awards presentation ceremony clothing, strong Chinese traditional culture and modern Olympic passion after the collision showed a perfect left to the people their first impression. ...
Jiao-yan assassin Baby embodiment of the Olympic Games ...
Jiao-yan assassin Baby embodiment of the Olympic Games ...
Beijing Olympics official poster released
July 18 - Beijing Olympic Organizing Committee today announced the Beijing 2008 Olympic and Paralympic Games official posters and the official picture. Official posters with the theme "One World, One Dream", is divided into theme of posters, cultural posters, sports posters three categories. One Beijing Olympic Games posters 16, 16 Paralympics official posters, picture 45 official sports, humanities class picture 12, Beijing characteristics of folk culture relics picture 9. 1. Posters theme: "harmony of civilization Beijing Olympic Games." Posters with the theme symbol of the way by representatives of the Beijing Olympic stadium and classic architecture of Beijing, China ink Meaning the meantime, the Qiyun vivid. Sports and culture, harmony with the Chinese Olympic Huiying. The programme into three groups-one painting. ...
Humanities posters title: "Smile Beijing Olympic sharing." Beijing welcomed the smiling people around the world to share the Beijing Olympics. Children, youth, the elderly smile, filled with Chinese people's enthusiasm and friendship, common interpretation of "One World, One Dream" harmonious movement. The programme into three groups-one painting. ...
Humanities posters title: "Smile Beijing Olympic sharing." Beijing welcomed the smiling people around the world to share the Beijing Olympics. Children, youth, the elderly smile, filled with Chinese people's enthusiasm and friendship, common interpretation of "One World, One Dream" harmonious movement. The programme into three groups-one painting. ...
Beijing Olympics launched two sightseeing bus line
On that day, some journalists invited to Beijing to board the experience to be opened on the 20th in the two tourist routes. According to reports, a tourist line to look for characteristics of the ancient city, via the Temple of Heaven, Tiananmen Square, the National Palace Museum and other cultural landscapes, tourist 2 lines to Olympic venues for the characteristics of the Olympic Park, "nest" and "Water Cube" and other Olympic venues and facilities. Public transport vehicle has the Olympic atmosphere ...
U.S. Fannie premises of the loan-to-US Crisis Desk
When the U.S. government, including the majority of people think that the credit crisis has passed the most severe cold phase, begun to enter the resumption of the time period of adjustment, the U.S. housing market and-death. As generally worried about the two largest U.S. mortgage finance institutions - Fannie Mae and premises of the United States because of a shortage of funds the brink of bankruptcy, Fannie and premises of the United States and the two companies stock prices sharply Kuangxie in a week, all three major indexes lower The dollar also went down. Gradually closed the loan-to-crisis Mo He also seems to be re-opened.
Shares week "lumbar chopped"
July 7, Lehman Brothers reported that due to new accounting regulations will be sheet asset securitization project into the balance sheet, Fannie and premises of the United States will have to fund-raising 75 billion U.S. dollars more to Provision Loss reserve, the two companies are likely to credit the serious shortage of funds. This message one, the premises of the United States and Fannie Mae's stock price plummeted 18 percent immediately and 16 per cent, which began a week dropped the road.
While U.S. Treasury Secretary Paulson on the 10th in the Congress that Fannie and premises of the United States and capital adequacy. The two companies subsequently issued a statement saying that the current financial situation of the company fully able to cope with the current real estate market crisis. However, investors worried that with continued low prices, more and more buyers loss of redemption, Fannie and premises of the United States and the loss will be even greater. A result, investors confidence in a declining stock price fell to a straight line.
11, the two companies to direct 50 percent decline in closed, the United States shares the premises even as low as 3.89 U.S. dollars, or up to 51 percent. Fed immediately issued to both companies, opening up the discount window of speech, but closed at Fannie Mae stock to continue to decline by 22 percent, to 10.25 dollars, premises of the United States fell 3.1 percent to 7.75 U.S. dollars. Within one week, two stocks experienced lumbar chopped, or to achieve a 45 per cent and 47 per cent, and created a 17 to the lowest price point.
Affected by this, the Dow Jones and the S & P, Nasdaq Stocks fell the same day, fell to 1.7%, 1.9%, 0.3%. At the same time, has been losing streak around the pressure on the dollar, the euro against the U.S. dollar closed at 1.5937 U.S. dollars the same day, after earlier hitting 1.5943, since the April 23 record low of the dollar against the euro since the weakest performance.
That was gradually from the loan-to-out of the crisis in the shadow of the U.S. economy, appears to be towed back to the quagmire of the loan.
Government assistance not meeting expectations
To avoid the deterioration of the U.S. economy led to a systemic financial crisis, in the premises of the United States and Fannie Mae fell after the U.S. government made a number of immediate assistance scheme stability of market confidence.
13, the Fed unanimously voted through authorized to determine, if necessary, the Federal Reserve Bank of New York can give Fannie and premises of the United States and the two agencies direct loans to meet its liquidity needs. And had voted against the establishment of the trip, "a dealer credit tools" different, this creation of the credit window, the loan will be the implementation of a credit interest rates, but also to high-quality U.S. government and federal agencies for mortgage bonds.
The same day, Finance Minister Paulson issued a statement, the Ministry of Finance will require congressional approval, if necessary can be unrestricted stock and the purchase of two companies lend more money. This proposal will be submitted to Congress this week and is expected to vote was adopted. Industry pointed out that this motion if passed, Fannie and premises of the United States and the two bodies, the Government will further strengthen efforts to support.
Although the number of government officials explained that the initiative over the short-term goal is stability in the current situation, the elimination of market fear, but this simple goal, it seems that the Government has not fully realized as expected. 14, driven by favorable policies, Fannie Mae and the premises of the United States shares in early trading once Mengchong to increase 31.7 percent and 26.5 percent, but then came the ultimate end at 9.73 U.S. dollars and 8.2 dollars, or 6 percent, respectively And 7.11 percent. Dow and the S & P, Nasdaq Stocks also fell 0.41%, 0.9%, 1.17%.
Analysts believe that Fannie and premises of the U.S. stock prices fell mainly due to investors in the Xinchou Tim banking status quo, while the United States fear the premises Fannie to raise more capital will harm their own interests. Although the rescue policy encouraged by the market, but more investors to consider the U.S. Treasury Department is a large number of assets in the current shareholders will seriously affect the value of the stock.
The loan-to-be dark clouds dissipate over time
When the U.S. government for the mortgage giants Fannie Mae and premises of the United States and much suffering financial hardship, the U.S. financial markets have added a new block.
Just three days ago by the U.S. Federal Deposit Insurance Corporation to take over the California IndyMac Bank (IndyMac Bank FSB), a credit crisis in the largest bankruptcy in U.S. history commercial banks and the second largest financial institutions were closed after 14 days The stock market, many banking stocks suffered heavy losses. Headquarters in Seattle, Washington Mutual Bank (Washington Mutual Bank) fell 32 percent, to 3.36 U.S. dollars, a 17-year lows. Headquarters in Cleveland's National City Bank (National City Bank) fell 27 percent, to 3.26 U.S. dollars, although the bank said it remained sufficient regulatory capital and no unusual deposits and creditors, but its shares still to create a 20 Low.
Fannie and in the premises of the United States Bankruptcy challenge encountered at the same time, some mortgage bond business involving a large number of institutions the situation is worrying. Analysts worry that the current number of investment banks face the same threat of bankruptcy, and Fannie and premises of the U.S. bankruptcy may have the tremendous impact, if many large investment banks have closed down, to the U.S. financial markets will bring total combat.
All seem to be in that situation, the loan-to-crisis far from over, and the result is moving in the direction of more deterioration.
"The loan-to-the impact of the crisis will be very far-reaching, at least two years to three years time to digest." This reporter interviewed the Ministry of Commerce Institute of the Americas and Oceania Division, Dr. Wang said, but he considered that the "deteriorating" to describe the Loan-to-crisis status quo is not appropriate. Deterioration is vertical, and now the U.S. economy is the issue of the loan-to-horizontal transfer the result of the crisis. Shenru fingers like water, even if removed, the bellows will extend very far. The source of the 2 million mortgage borrowers not changed, the loan-to-crisis does not exist the possibility of deterioration.
Wang believes that the United States premises Fannie crisis in the shortage of funds, is in relieving the initial loan-to-the impact of the crisis. The loan-to-the beginning of the crisis the most difficult time, the Government took the initiative to relax the capital requirements of the two companies, is the hope that the premises of the United States and Fannie Mae mortgage lending more support to participate in the securities market, a faster solution to the crisis, this will inevitably increase the premises The United States and Fannie Mae's financial risk, the Government will not let these two "meritorious of the Hill" of the crisis facing bankruptcy. Therefore, the premises by the United States and Fannie bankruptcy brought about financial instability is unlikely.
"The issue of capital market entities to the market often layers of the release." Wang said, the mortgage loan crisis led to shortage of funds in financial institutions, the Government will intensify efforts to ease the capital injection, a depreciation of the dollar, prices will go up , The ultimate impact will be transferred to the consumer market. "The Government will continue to resolve the crisis in the loan-to-affected areas of the various issues, this process may be prolonged and 23 of time."
Shares week "lumbar chopped"
July 7, Lehman Brothers reported that due to new accounting regulations will be sheet asset securitization project into the balance sheet, Fannie and premises of the United States will have to fund-raising 75 billion U.S. dollars more to Provision Loss reserve, the two companies are likely to credit the serious shortage of funds. This message one, the premises of the United States and Fannie Mae's stock price plummeted 18 percent immediately and 16 per cent, which began a week dropped the road.
While U.S. Treasury Secretary Paulson on the 10th in the Congress that Fannie and premises of the United States and capital adequacy. The two companies subsequently issued a statement saying that the current financial situation of the company fully able to cope with the current real estate market crisis. However, investors worried that with continued low prices, more and more buyers loss of redemption, Fannie and premises of the United States and the loss will be even greater. A result, investors confidence in a declining stock price fell to a straight line.
11, the two companies to direct 50 percent decline in closed, the United States shares the premises even as low as 3.89 U.S. dollars, or up to 51 percent. Fed immediately issued to both companies, opening up the discount window of speech, but closed at Fannie Mae stock to continue to decline by 22 percent, to 10.25 dollars, premises of the United States fell 3.1 percent to 7.75 U.S. dollars. Within one week, two stocks experienced lumbar chopped, or to achieve a 45 per cent and 47 per cent, and created a 17 to the lowest price point.
Affected by this, the Dow Jones and the S & P, Nasdaq Stocks fell the same day, fell to 1.7%, 1.9%, 0.3%. At the same time, has been losing streak around the pressure on the dollar, the euro against the U.S. dollar closed at 1.5937 U.S. dollars the same day, after earlier hitting 1.5943, since the April 23 record low of the dollar against the euro since the weakest performance.
That was gradually from the loan-to-out of the crisis in the shadow of the U.S. economy, appears to be towed back to the quagmire of the loan.
Government assistance not meeting expectations
To avoid the deterioration of the U.S. economy led to a systemic financial crisis, in the premises of the United States and Fannie Mae fell after the U.S. government made a number of immediate assistance scheme stability of market confidence.
13, the Fed unanimously voted through authorized to determine, if necessary, the Federal Reserve Bank of New York can give Fannie and premises of the United States and the two agencies direct loans to meet its liquidity needs. And had voted against the establishment of the trip, "a dealer credit tools" different, this creation of the credit window, the loan will be the implementation of a credit interest rates, but also to high-quality U.S. government and federal agencies for mortgage bonds.
The same day, Finance Minister Paulson issued a statement, the Ministry of Finance will require congressional approval, if necessary can be unrestricted stock and the purchase of two companies lend more money. This proposal will be submitted to Congress this week and is expected to vote was adopted. Industry pointed out that this motion if passed, Fannie and premises of the United States and the two bodies, the Government will further strengthen efforts to support.
Although the number of government officials explained that the initiative over the short-term goal is stability in the current situation, the elimination of market fear, but this simple goal, it seems that the Government has not fully realized as expected. 14, driven by favorable policies, Fannie Mae and the premises of the United States shares in early trading once Mengchong to increase 31.7 percent and 26.5 percent, but then came the ultimate end at 9.73 U.S. dollars and 8.2 dollars, or 6 percent, respectively And 7.11 percent. Dow and the S & P, Nasdaq Stocks also fell 0.41%, 0.9%, 1.17%.
Analysts believe that Fannie and premises of the U.S. stock prices fell mainly due to investors in the Xinchou Tim banking status quo, while the United States fear the premises Fannie to raise more capital will harm their own interests. Although the rescue policy encouraged by the market, but more investors to consider the U.S. Treasury Department is a large number of assets in the current shareholders will seriously affect the value of the stock.
The loan-to-be dark clouds dissipate over time
When the U.S. government for the mortgage giants Fannie Mae and premises of the United States and much suffering financial hardship, the U.S. financial markets have added a new block.
Just three days ago by the U.S. Federal Deposit Insurance Corporation to take over the California IndyMac Bank (IndyMac Bank FSB), a credit crisis in the largest bankruptcy in U.S. history commercial banks and the second largest financial institutions were closed after 14 days The stock market, many banking stocks suffered heavy losses. Headquarters in Seattle, Washington Mutual Bank (Washington Mutual Bank) fell 32 percent, to 3.36 U.S. dollars, a 17-year lows. Headquarters in Cleveland's National City Bank (National City Bank) fell 27 percent, to 3.26 U.S. dollars, although the bank said it remained sufficient regulatory capital and no unusual deposits and creditors, but its shares still to create a 20 Low.
Fannie and in the premises of the United States Bankruptcy challenge encountered at the same time, some mortgage bond business involving a large number of institutions the situation is worrying. Analysts worry that the current number of investment banks face the same threat of bankruptcy, and Fannie and premises of the U.S. bankruptcy may have the tremendous impact, if many large investment banks have closed down, to the U.S. financial markets will bring total combat.
All seem to be in that situation, the loan-to-crisis far from over, and the result is moving in the direction of more deterioration.
"The loan-to-the impact of the crisis will be very far-reaching, at least two years to three years time to digest." This reporter interviewed the Ministry of Commerce Institute of the Americas and Oceania Division, Dr. Wang said, but he considered that the "deteriorating" to describe the Loan-to-crisis status quo is not appropriate. Deterioration is vertical, and now the U.S. economy is the issue of the loan-to-horizontal transfer the result of the crisis. Shenru fingers like water, even if removed, the bellows will extend very far. The source of the 2 million mortgage borrowers not changed, the loan-to-crisis does not exist the possibility of deterioration.
Wang believes that the United States premises Fannie crisis in the shortage of funds, is in relieving the initial loan-to-the impact of the crisis. The loan-to-the beginning of the crisis the most difficult time, the Government took the initiative to relax the capital requirements of the two companies, is the hope that the premises of the United States and Fannie Mae mortgage lending more support to participate in the securities market, a faster solution to the crisis, this will inevitably increase the premises The United States and Fannie Mae's financial risk, the Government will not let these two "meritorious of the Hill" of the crisis facing bankruptcy. Therefore, the premises by the United States and Fannie bankruptcy brought about financial instability is unlikely.
"The issue of capital market entities to the market often layers of the release." Wang said, the mortgage loan crisis led to shortage of funds in financial institutions, the Government will intensify efforts to ease the capital injection, a depreciation of the dollar, prices will go up , The ultimate impact will be transferred to the consumer market. "The Government will continue to resolve the crisis in the loan-to-affected areas of the various issues, this process may be prolonged and 23 of time."
U.S. Federal Reserve interest rate increase this year may be difficult
Wednesday the Fed released the minutes of the meeting, the Fed last month decided to keep rates unchanged when he hinted that, in view of the market, the economy and inflation prospects facing the uncertainty of interest rate policy may continue to remain unchanged, interest rate increase is still Hopeless.
According to the U.S. Federal Open Market Committee (FOMC) 6月24日至25, the minutes revealed that the basic view that the members of the Committee since the last FOMC meeting, although the risks to economic growth has declined, but inflation risks are still rising Strengthening. This shows that despite economic growth is facing significant downside risk, but officials hinted that they were still on inflation worries even in economic growth. In addition, the meeting minutes, Fed officials have made the first half of this year's more moderate, and a slight slowdown in the second half of the expected.
Based on the expected inflation and inflation worries, while interest rate increase may be the Fed's next interest rate adjustment, but most members felt that, given the economic activities and the prospects for price pressures are still unknown and therefore the future timing and implementation of policies and measures Intensity can hardly grasp. This shows that the support of the minutes of the market for at least the end of the year the Fed will keep policy unchanged expectations. JP Morgan Chase had previously forecast, the Federal Reserve will keep interest rates at the current level of the end of the year, while in the first quarter of next year will raise interest rates.
In addition Fed Chairman Ben Bernanke on Wednesday to answer a question by Senator Ron Paul also said that U.S. inflation too high, and reiterated the Fed's goal is to achieve price stability. Previously, the U.S. Labor Department announced that June consumer price index (CPI) rose by 1.1 percent, the second highest since the 1982 increase, the highest increase since 2005. The core CPI rose by 0.3 percent. Both are higher than Wall Street had forecast. So Bernanke said that to maintain price stability is very important. He pointed out that energy and commodity prices soared by the Fed caused by factors beyond the control of.
And Ben Bernanke also reiterated that the United States economy is facing many difficulties, the economic downside risk and implied that the Fed is still the main trouble. He in on the 16th to the House of Representatives Financial Services Committee in prepared testimony that the financial markets to help restore more normal function of the Federal Reserve will continue to be the top priority. In recent weeks, including Lehman Brothers and the United States before the two mortgage agencies Fannie Mae, the premises of the U.S. stock tumbled, making investors in the U.S. financial markets are worried about the future. Affected by this, the dollar also can not escape the fate of the crash, on the 15th of the euro exchange rate fell below 1.60 mark, as yesterday - 20:24, the euro-dollar exchange rate was 1.5862, the dollar exchange rate of 105.76 yen.
The dollar recently fell, Bernanke claimed that only in exceptional circumstances shots intervene in the foreign exchange market, he can expect dollar in the medium term reflects a more robust U.S. economy. However, he also said that if the market disorder, have reason to intervene in foreign exchange markets to take interim action. Bernanke at the House of Representatives Financial Services Committee to testify on that, if effective decision-makers in the United States and strong economic growth, then will be reflected in the medium term on the strength of the U.S. dollar. He said that a strong dollar is the basic way through a strong economy to support.
According to the U.S. Federal Open Market Committee (FOMC) 6月24日至25, the minutes revealed that the basic view that the members of the Committee since the last FOMC meeting, although the risks to economic growth has declined, but inflation risks are still rising Strengthening. This shows that despite economic growth is facing significant downside risk, but officials hinted that they were still on inflation worries even in economic growth. In addition, the meeting minutes, Fed officials have made the first half of this year's more moderate, and a slight slowdown in the second half of the expected.
Based on the expected inflation and inflation worries, while interest rate increase may be the Fed's next interest rate adjustment, but most members felt that, given the economic activities and the prospects for price pressures are still unknown and therefore the future timing and implementation of policies and measures Intensity can hardly grasp. This shows that the support of the minutes of the market for at least the end of the year the Fed will keep policy unchanged expectations. JP Morgan Chase had previously forecast, the Federal Reserve will keep interest rates at the current level of the end of the year, while in the first quarter of next year will raise interest rates.
In addition Fed Chairman Ben Bernanke on Wednesday to answer a question by Senator Ron Paul also said that U.S. inflation too high, and reiterated the Fed's goal is to achieve price stability. Previously, the U.S. Labor Department announced that June consumer price index (CPI) rose by 1.1 percent, the second highest since the 1982 increase, the highest increase since 2005. The core CPI rose by 0.3 percent. Both are higher than Wall Street had forecast. So Bernanke said that to maintain price stability is very important. He pointed out that energy and commodity prices soared by the Fed caused by factors beyond the control of.
And Ben Bernanke also reiterated that the United States economy is facing many difficulties, the economic downside risk and implied that the Fed is still the main trouble. He in on the 16th to the House of Representatives Financial Services Committee in prepared testimony that the financial markets to help restore more normal function of the Federal Reserve will continue to be the top priority. In recent weeks, including Lehman Brothers and the United States before the two mortgage agencies Fannie Mae, the premises of the U.S. stock tumbled, making investors in the U.S. financial markets are worried about the future. Affected by this, the dollar also can not escape the fate of the crash, on the 15th of the euro exchange rate fell below 1.60 mark, as yesterday - 20:24, the euro-dollar exchange rate was 1.5862, the dollar exchange rate of 105.76 yen.
The dollar recently fell, Bernanke claimed that only in exceptional circumstances shots intervene in the foreign exchange market, he can expect dollar in the medium term reflects a more robust U.S. economy. However, he also said that if the market disorder, have reason to intervene in foreign exchange markets to take interim action. Bernanke at the House of Representatives Financial Services Committee to testify on that, if effective decision-makers in the United States and strong economic growth, then will be reflected in the medium term on the strength of the U.S. dollar. He said that a strong dollar is the basic way through a strong economy to support.
U.S. to Zaitui 50 billion U.S. dollars in economic incentives
U.S. House Speaker Nancy Pelosi said Thursday she was introduced this year to promote the second round of the scale of about 50 billion U.S. dollars economic stimulus package. The programme prepared by the Congressional Democrats.
This year in January and February, the White House and Congress have jointly introduced and implemented a scale of 152 billion U.S. dollars of the stimulus plan, mainly through tax rebates to promote consumer spending and eventually stimulate economic growth.
It is learnt that the House of Representatives and Senate leaders are working with key part of the Chairman of the Committee to discuss a separate emergency spending bill, the bill seeks to further stimulate the economy and help those who are subject to the impact of the economic slowdown groups.
Pelosi in the United States this week when interviewed by CNN said, "I hope we can have about 50 billion U.S. dollars, some people want more, but I think in these stimulus package, it is necessary to consider how to limit spending to help stimulate the premise Economic, because aggravated liabilities will be a drag on the economy. "
This year in January and February, the White House and Congress have jointly introduced and implemented a scale of 152 billion U.S. dollars of the stimulus plan, mainly through tax rebates to promote consumer spending and eventually stimulate economic growth.
It is learnt that the House of Representatives and Senate leaders are working with key part of the Chairman of the Committee to discuss a separate emergency spending bill, the bill seeks to further stimulate the economy and help those who are subject to the impact of the economic slowdown groups.
Pelosi in the United States this week when interviewed by CNN said, "I hope we can have about 50 billion U.S. dollars, some people want more, but I think in these stimulus package, it is necessary to consider how to limit spending to help stimulate the premise Economic, because aggravated liabilities will be a drag on the economy. "
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