Skip to main content

Posts

Showing posts from August 18, 2011

CHART SHOWS GLOBAL RECOVERY STILL AT A STAND STILL SINCE 2008 FOR INDUSTRIALIZED COUNTRIES...

GDP recovery since the recession
Deep freeze

Aug 18th 2011, 15:18 


by The Economist online





Which economies have fared best and worst during the global financial crisis?





GDP growth rates slowed sharply in most rich economies in the second quarter. 


So where does that leave output relative to its level before the start of the financial crisis? 




If we rank the G7 countries according to the change in real GDP since the end of 2007, Canada tops the league. 




But Canada, like the United States, has a fast-growing population, whereas the number of Germans and Japanese has started to shrink. 


GDP per person is therefore a better measure of relative performance. 


As the chart below shows, by this gauge Canada is still 1% below its pre-crisis level and America is 3.5% down. 




Among the G7 countries only Germany has regained its end-2007 level. 


Comparing output now with its level before the crisis actually understates the depth of the slump.




 An alternative yardstick (see article) is to compare GDP per head n…

ECONOMIST NOURIEL ROUBINI ARGUES THAT GLOBALIZATION HAS LOWERED THE STANDARD OF LIVING TO THE "LOWEST COMMON DENOMINATOR"...

Is capitalism doomed?
The recent credit rating downgrade and Eurozone debt crises are slowly showing signs of The Great Depression 2.0.

Nouriel Roubini


Last Modified: 18 Aug 2011 12:22



As the economic crisis persists around the globe, the value of capitalism continues to be questioned [GALLO/GETTY]

The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession.


A financial and economic crisis caused by too much private-sector debt and leverage led to a massive re-leveraging of the public sector in order to prevent Great Depression 2.0.


But the subsequent recovery has been anaemic and sub-par in most advanced economies given painful deleveraging.

Now a combination of high oil and commodity prices, turmoil in the Middle East, Japan's earthquake and tsunami, eurozone debt crises, and America's fiscal problems (and now its rating downgrade) have led to a massive increase i…

PAKISTAN ADAPTS TO LIFE AFTER CLIMATE CHANGE...MANGO CROPS ARE SUFFERING...

Pakistan's mango orchards disappearing as weather shifts

18 Aug 2011 22:46

Source: Alertnet // Saleem Shaikh And Sughra Tunio


Ali Ahmed Brohi points out one of the few remaining mango trees on his farm at Mirpurkhas, Pakistan. ALERTNET/Saleem Shaikh
By Saleem Shaikh and Sughra Tunio



MIRPURKHAS, Pakistan (AlertNet) – Increasingly harsh and unpredictable weather is hurting mango production in southern Pakistan, driving farmers to cut down trees in favour of higher-earning crops like cotton, sugar cane and wheat.

But the crop switch is reducing the region’s tree cover, leading to higher carbon emissions and hotter living conditions for many farmers, as well as a loss of culture in a region where mango growing has long been a part of life.

Ali Ahmed Brohi, who six months ago cleared 300 mango trees on his 10-acre plot in Mirpurkhas, 225 kilometres northeast of Karachi, is already wondering whether he made the right decision.

The cotton, sugarcane and vegetables he now plants earn him twic…

PAKISTANI MANGOES HOPE TO ENJOY THE SUCCESS THAT INDIA HAS WITH THEIR IMPORTS TO THE USA MARKET...

Pakistan's mangoes challenge India in US

Yashwant Raj, Hindustan Times
Washington, August 18, 2011



First Published: 22:33 IST(18/8/2011)
Last Updated: 22:39 IST(18/8/2011)






Three years after India's vaunted mangoes hit US shores, Pakistan is catching up. 

The first commercial shipment of its prized chausas arrived in Chicago last weekend and is now ready for retailing, setting up yet another rivalry.


 It will be retailing at a princely $80-100 for a box of 12, a price market experts believe is determined more by the emotional pull of the fruit than anything: am proud to be a Pakistani, and am just so glad chausas are finally here.



Indian mangoes - led by Alphonsos - started arriving here in 2007 in a deal widely touted as Mangoes-for-Harley Davidsons. The number of Harleys selling in India is still quite low, as are the Alphonsos here.

The first shipment - a sort of trailer - of Pakistani chausas landed two weekends ago to a blustery welcome from the Pakistanis here, led by their …

A TALE OF TWO MARKETS: SHORTAGE OF SMALL FRUIT IN USA...CREATES PERCEPTION OF HIGH PRICING...MARKET WILL SETTLE DOWN WITH FIRST ARRIVALS OF TOMMY ATKINS FROM BRAZIL...

Mango importers:
Price of mango in Europe lower than in the U.S.


There are still some remaining mango's from various countries, but Brazil together with Israel will be on the market for quite a while. More of the mango export goes to the U.S. than to Europe at the moment. 

The large differences in price between Europe and the U.S. are striking. 

Two importers give their opinion. 

One of them prefers to remain anonymous.


Photographs: Fruitmarket visiting in Brazil


Less to Europe


According to Eryvan Pires of Fruitmarket, Brazil is less interested in Europe because of the prices at the moment. "Last weekend, 14 August 80 containers went to the U.S. and 25 to Europe."

 According to the other importer 40 to 50 were shipped to Europe and this will increase drastically towards the end of the month. "In a month's time Europe will receive 100 containers each week."




High prices in the U.S.The selling price of Tommy Atkins is $7.50 in America. 

Eryvan explains that the pri…

DRUG CARTELS, MONEY LAUNDERING, THE MANGO DEAL & HOW THE USA GOVERNMENT MONITORS ALL...

The Buffer Between Mexican Cartels and the U.S. Government



August 17, 2011 | 1913 GMT








By Scott Stewart

It is summer in Juarez, and again this year we find the Vicente Carrillo Fuentes organization (VCF), also known as the Juarez cartel, under pressure and making threats. At this time in 2010, La Linea, the VCF’s enforcer arm, detonated a small improvised explosive device (IED) inside a car in Juarez and killed two federal agents, one municipal police officer and an emergency medical technician and wounded nine other people. La Linea threatened to employ a far larger IED (100 kilograms) if the FBI and the U.S. Drug Enforcement Administration (DEA) did not investigate the head of Chihuahua State Police intelligence, whom the VCF claimed was working for the Sinaloa Federation.

La Linea did attempt to employ another IED on Sept. 10, 2010, but this device, which failed to detonate, contained only 16 kilograms of explosives, far less than the 100 kilograms that the group had threatened to use.

PHILIPPINES REGION OFFERS YEAR-ROUND MANGO PRODUCTION...INVESTORS TAKE NOTE...

PIA Press Release
Thursday, August 18, 2011






Zambo. Norte assures year-round mango supply




by Franklin P. Gumapon





DIPOLOG CITY, Aug. 18 (PIA) -- Any prospective investor in food processing is always after the availability of raw materials in a particular place where he is planning to put up his business.



This is what POMS Ventures Corp. has discovered in Zamboanga del Norte, the number one mango producer in the region and number two in the country.



Mr. James Santos, manager of POMS Mango Processing Plant in Irasan, Roxas, Zamboanga del Norte, disclosed during yesterday’s session of the three-day investment promotion seminar spearheaded by the Dipolog-Dapitan-Polanco-Katipunan-Roxas-Manukan (DDPKaRoMa) Project Management Office that the province has “abundant and whole year-round supply of mangoes.”



POMS Ventures Corp. is engaged in manufacturing, processing, marketing and distribution of agricultural products such as coconut, mangoes, durian and other fruits.



Santos said the province has adequa…