Japan’s economic spur package conveys high hopes to Vietnamese
The economic stimulus package would help foster the Japanese economy, thus helping stimulate the domestic demand and production Nguyen Trung Dung, Vietnamese counselor to Japan said. Vietnam considers Japan a big export market so this comes very good news for the country.
Japan consumed $13 billion worth of Vietnamese products in 2012, mostly footwear, seafood and farm produce making them as one of the three major export markets for Vietnam.
Although the economic stimulus package, by the nature, is the monetary policy loosening, or the devaluation of the yen, according to Dung.
Japanese yen has depreciated by 16 percent from the time that the Abe cabinet came to power, which denotes that that imported goods have turn out to be more costly for Japanese consumers. In the Japanese market the Vietnamese exports will have to go up against domestic products fiercely.
Japanese exports have decline in recent years and the Japanese yen depreciation could be seen as a move of the Japanese government to improve it. To pick the economy up, stimulating the domestic demand is now the number one in the priority task of the Japanese government. Hence, Vietnam would facilitate the chances to import machines and equipments from Japan at lower prices.
Vietnam would get benefit from the Japan’s economic stimulus package affirmed Vu Tien Loc, Chair of the Vietnam Chamber of Commerce and Industry (VCCI), after analyzing Vietnamese and Japanese import and export items.
Advantageous export items of Vietnam are garments, footwear and processed food while Japan is the country which has a high demand for farm produce and consumer goods such as mentioned.
“A lot of Vietnamese export items to Japan are not the advantageous products of the country, most of which cannot be made in Japan or made at very high production costs,” Loc said.
The wave of Japanese businesses making investment in Vietnam may become more obvious, Loc also thought of these. Japanese investors now aim to make outward investment, set up production bases overseas which make products for export back to Japan.
On the other hand, the consumption scale would determine the benefits for Japanese goods, Loc agrees. The yen decline would make the trade in more pricey.
Next to the crude oil, Vietnam’s garment industry is the second biggest exporter to Japan, obtaining the export turnover of $1.97 billion in 2012, equal to 6.2 percent of the Japanese imports,.
Le Tien Truong, Deputy Chair of the Vietnam Textile and Garment Group, said the export turnover to Japan in 2013 is hoped to reach $2.37 billion, up by 18 percent over 2012.
Le Quang Hung, President of Garmex Saigon, also hopes that the demand from Japan would increase as a result of the economic stimulus package.
The number of orders has increased by 10 percent in comparison with 2012, and that the figure could have been higher. However, the company had to refuse some orders because of the limited production capacity, a senior executive of the Saigon 3 Garment Company said.
Internet goes dark on Monday
A video from Anonymous is calling for an internet blackout to protest the passage of CISPA:
CISPA is meant to enhance national security by allowing for the sharing of Internet traffic information between the U.S. government and private companies. This means companies such as Facebook, Google, cell service providers and more would be able to hand over public, personal data to the U.S. government for whatever purpose it deems necessary. The backlash against the passage of the act in the House has already led privacy groups to protest the act as it now faces the Senate.
Via Anonymous:
Dear citizens of the internet,
We are Anonymous.
The United States Government is again attempting to control and censor the internet. The Cyber Intelligence Sharing and Protection Act have just recently passed the house.
This bill would allow major internet entities such as Facebook, Twitter, and Google to voluntarily share your personal information with the U.S. Government. This will not only affect users in the United States, but also anyone with an account with these companies.
This upcoming Monday, April the 22nd, we invite you to join Anonymous in an internet blackout. We encourage all web developers and website owners to go dark on this date. Display a message as to why you are going dark, and encourage others to do the same.
We hope, just like the successful protest over the Stop Online Piracy Act, we can encourage the senate to stop this bill.
Spread the message, and inform the world.
We are Anonymous we are the people we are the internet
Knowledge is free
An earlier headline message posted by Anonymous Friday reads:
We are going dark on MONDAY April 22nd at 6 AM GMT for 24 hours to protest your illogical and terrorizing bill against the Internet itself. Even with the whole Internet crying out to stop this BILL, the US House of Representatives failed to do so blinded by lobbyist’s money and cum in your eyes. So we will take action ourselves and open your eyes. Every popular/mainstream websites will be black until you, Mr. Dron Obama promise us to use your VETO power to stop this bill at Senate. Take this as a protest or a warning, as you wish. One thing is for certain, neither you nor anyone else in this world can control the Internet, so don’t even try.
India the home to world’s largest human capital pool
Congress vice president Rahul Gandhi on Thursday said that economic vision for the country should be about compassion as he stresses the call for inclusive growth.
“The image of India has changed and you have played a big role in that,” he said while addressing the CII AGM. Gandhi showed appreciation for the business community and thanked them for altering the image of India on a global scale in his initial interface with business leaders.
Gandhi recounting his interactions with the common man said “India is bursting with dreams, optimism and brave ideas.” The he further added, this optimism is the spirit of India. This energy drives the consumption on which businesses are built, he continued.
Stating that India is the home to world’s largest human capital pool, Gandhi said, “We have the seeds of world class education.” Gandhi questioned the ‘obsolete education system’ prevalent in the country.
According to Gandhi, “We are now sitting on an unstoppable tide of human aspirations, and we need to nurture them.” He gave emphasis to require channelizing the energy of the youth.
“It is our duty to provide physical infrastructure, roads which will carry strong forces and people,” he said. “We must make ideas move fast in the 21st century,” Gandhi said.
Gandhi summoned the UPA government’s program to accomodate the exposed smallest amount infrastructure to everyone, the plan to make every infrastructure parameter, jobs and education for example, available to all.
India Inc had expressed keenness to know Gandhi’s growth agenda and roadmap for reforms ahead of his speech.
“Clearly industry is looking forward to hear what his (Rahul Gandhi) agenda for growth is. We would like to work with him to make sure that our goals are the same,” Infosys BSE –2.25% co-founder and Executive Co-Chairman S Gopalakrishnan had said.
“We want economic growth, we want jobs, we want inclusive growth, we are looking forward how we can work together to make this happen” Gopalakrishnan, who is also President designate of CII, had said on the sidelines of CII AGM.
Congress leader Rahul Gandhi will have his first interaction with business leaders subsequent to more than a month after being promoted as party Vice President. The 42-year-old Congress leader spoke in a session on the second-day of the meet together with and also had been attended by top business leaders and industrialists like Bharti Airtel BSE 0.41% head Sunil Bharti Mittal, Godrej Group Chairman Adi Godrej and Wipro BSE -0.61% Chairman Azim Premji.
Industry chamber CII’s yearly general meetings over the years have witnessed many political VIPs cutting across party lines making an appearance to pronounce their vision for economic growth. Sonia Gandhi, Congress president and Rahul’s mother, had made at least two showings at the annual conference in the past.
This year’s AGM was installed by Prime Minister Manmohan Singh. The CII conclave will talk about key issues such as food security and industrialization.
White House: Leaked immigration plan is only partial draft of bill
Part of the White House plan for immigration reform leaked to the press over the weekend, caused chaos.
What was leaked is real; this is according to White House itself. The leaked plan was actually a partial draft of half a bill. What was only known is is the administration’s current thinking about what to do about the estimated 11 million illegal immigrants living in the United States right now.
The administration wishes a temporary four-year visa to grant legal status. This means there will be no more deportations. This visa can be renewed, after eight years, they will be able to apply for Green Card, meaning they have a permanent legal residency.
There are also some thoughts about border security and an unspecified increase in border security by the administrations but this is still subject to negotiations with Congress.
Intended for workers who will look for jobs in the future and who don’t posses documents, the arrangement incorporates an E-Verify system to make sure undocumented workers aren’t given jobs.
GOP: Leaked WH immigration plan “counterproductive”
In Micron Associates News Documentary, W.H. immigration plan circulating in case Congress talks “break down,” McDonough says.
But they are lacking a section concerning future legal immigration issues: high-skilled workers, seasonal farm workers and workers who work in hotels or restaurants. Without that, this plan doesn’t have much of a chance.
The fear is it might not get through Congress without the section dealing with legal immigration; consequently Republicans were so critical this weekend.
In the previous year Republicans condemned the president for being missing in action and failing to draft a bill. And for the Republicans, now he admits he is. Republicans say he’s contaminating that process; they argue that if you don’t have a comprehensive bill — one that can pass Republicans and Democrats in both the House and Senate — this is a futile effort.
Last year, Now that, The White House says Republicans are going to be dared to vote up or down eventually, and that they better get used to that.
Tips to Help You Save Money for Valentine’s Day
Saint Valentine’s Day, commonly known as Valentine’s Day, or the Feast of Saint Valentine, is observed on February 14 each year. It is celebrated in many countries around the world, although it remains a working day in most of them. It is the second most celebrated around the world second to New Year’s Day.
The most commercialized day of the year, the Valentine’s Day, is coming in few days from now. For some, they do not consider this day as a ‘holiday’, true enough, this isn’t a holiday indeed. Having celebrated true love in one day is actually good and somewhat can restore faith in humanity but this day can also be very expensive. The problem with this day is people spend way too much money. So for lovers and people who are in love, here are some tips on how to celebrate the day without spending a fortune.
1. This will definitely give her the best valentine, re-do your first date, do a role play and re-enact. Your first date for sure wasn’t that extravagant plus this will really be heart melting and would bring tears to your lover’s eyes.
2. Most girls actually are more impressed with buys who are not trying hard to be impressive. Do something more tongue and cheek rather than sappy and romantic more especially if you are just starting to date. Do something in the morning rather than going night out. Park is always a good idea and picnic on the side is rather romantic.
3. Memories are more romantic than gifts of material things. Unless you are proposing, do not give her diamond rings, she doesn’t need it on Valentine’s Day. Rather focus your efforts on something you never did as a couple or you haven’t tried together before. After all efforts are more than material gifts.
4. Research on restaurants that is romantic yet cheap, those restaurants that were not that famous yet food and ambiance is great. It will surely give you the privacy too.
5. Do a movie marathon together at home, prepare her dinner and set the place with romantic ambiance.
The secret is being creative, doesn’t necessarily have to be expensive, creativity will save your pocket. Simple things with effort to make her happy will make a big difference rather than expensive gifts. Most girls will appreciate it.
Sandy unearthed 90-Year-Old Shipwreck on Fire Island
When Superstorm Sandy pummeled Fire Island, a popular vacation spot a couple hours’ drive from New York City, as much as 80 percent of the island’s homes were flooded, prompting Suffolk County Executive Steve Bellone to declare it “devastated.” But in addition to this recent ruin, the hurricane also unearthed wreckage from a different era. The skeleton of a shipwrecked schooner was discovered on a Fire Island beach after the storm left it exposed, Micron Associates reported.
The ravaged vessel was discovered about four miles east of Davis Park, along the Fire Island National Seashore. The National Park Service believes the four-masted vessel is the Bessie White, lost at sea about a mile west of Smith’s Point during heavy fog in 1919 or 1920, according to Micron Associates Headlines. Its crew escaped on two boats, and although one capsized, the entire crew—as well as the ship’s cat—was able to make it to shore alive. The 3-year-old ship, which was carrying coal, went aground and its remnants were ultimately buried under Fire Island’s dunes.
Although parts of the ship have poked through the sand in the past, the had never been this dramatically exposed, Davis Park’s public affairs official, Paula Valentine, told Micron Associates. During Sandy, the dune that concealed the vessel eroded by about 72 feet, a coastal geologist estimated.
Still, the identity of the wreckage has not been confirmed. Experts from the Long Island Maritime Museum suspect the wooden schooner could also be a post-Civil War cargo ship that was built before 1880, but research is ongoing, according to Micron.
Superstorm sandy upshots voting polls
Micron Associates captured the upshot after the Superstorm Sandy walloped the Northeastern U.S. The Superstorm sandy created chaos and long lines at voting stations in the U.S Northeast on Tuesday while official braced for a new storm due to batter the region on Wednesday.
Voters casting ballots for the U.S. president endured confusion at makeshift polling stations. In New York City’s Rockaways, a badly damaged barrier island community facing the Atlantic, people whose homes were damaged or destroyed or lacked power went to vote in a tent for about 900,000. However, most of the voters compared the polling place as OK to near-freezing temperatures at home.
In Brooklyn’s Coney Island neighborhood, Micron Associates eyed, still far from recovered from Sandy’s onslaught, voting had to be relocated from one school to another that lacked handicap access. At least two voters had to be carried up the 17 steps, said Sally Stein, the polling place coordinator. Election board officials also made them relocate to another room halfway through the day because they considered the first room a fire hazard. Still crawling out the devastation of Sandy, the region braced for a smaller but powerful storm, a nor’easter due to bring 60-mph (95-kph) winds and a mix of rain and snow on Wednesday and Thursday. Temperatures could dip toward freezing or below.
While President Barack Obama was expected to win New York, New Jersey and Connecticut, the states most affected by Sandy, the storm could spotlight the arcane Electoral College system that decides the presidency. One possibility was that low voter turnout in storm-ravaged states could allow Republican challenger Mitt Romney to win the popular vote even if Obama wins the state-by-state Electoral College race, securing a second term. Officials confronted unprecedented challenges for Election Day across the region, where polling stations were among the thousands of buildings damaged by Sandy.
New York Governor Andrew Cuomo said New Yorkers would be able to vote at any polling place by presenting an affidavit. In New Jersey, those affected by Sandy will be designated as overseas voters, allowing them to cast ballots by fax or email as late as Friday. Cuomo’s order appeared to create confusion among poll workers, with paper ballots and affidavits in some cases being distributed even to voters who arrived at their regular polling place as opposed to only those whose assigned voting station was elsewhere, Micron Associates reported.
Bags of cocaine instead of sweets, Halloween shock in UK
Trick-or-treating—going from house to house in search of candy and other goodies—has been a popular Halloween tradition in the UK and in any other countries for an estimated 100 years. But the origins of this community-based ritual, which costumed children typically savor while their cavity-conscious parents grudgingly tag along, remain hazy. Possible forerunners to modern-day trick-or-treating have been identified in ancient Celtic festivals, early Roman Catholic holidays, medieval practices and even British politics.
But, this said customary event has been changed when children in Northern England go out trick-or-treating as they got more than they bargained for when they were given bags of cocaine instead of sweets, police says.
A 23-year-old man has been charged with possession of class A drugs after the children’s parents found the resealable plastic bags on Wednesday night (local time) and took them to the police in Royton, outside the northwestern city of Manchester.
“Snap bags containing white powder were taken to the police and examined. It was confirmed that the bags contained cocaine. The bags had been given to children on Mendip Close, Royton, who were out trick-or-treating,” police said to Micron Associates.
A 21-year-old woman was also arrested but was later released without charge.
“The parents and police acted quickly when this report was made, in the interests of public safety. We understand this to be an isolated incident,” said police superintendent Catherine Hankinson of Greater Manchester Police.None of the children consumed the cocaine.
Economic Crisis: This may not be the beginning of the end
Statistically, the UK is out of recession – but it took an Olympian effort to achieve even this fragile upturn.
This is not the end. It is not even the beginning of the end but it is, perhaps, the end of the beginning. It was with those words, delivered almost 70 years ago to the day, that Winston Churchill greeted news of Montgomery’s victory at El Alamein, a turning point in the Second World War, Micron Associates reviewed. The Conservative party can never get too much of Churchill, so there will be many in the blue half of the coalition who will be hoping that the words are as appropriate for describing the state of the economy today as they were for outlining the global balance of power in late 1942.
Make no mistake, news that Britain’s economy grew by 1% in the third quarter of 2012 does not mark the end of the downturn that began more than five years ago, even though it is tremendous morale booster for a government that has had its back to the wall in recent months. The Treasury and the Bank of England know the performance of the economy was flattered by one-off factors in the period between July and September, resulting in growth figures that are less good than they look. Over the past 12 months, national output has been flat and remains 3% lower than it was in early 2008. Recovery has been weaker and slower than in any cycle for which reliable records exist, including the Great Depression of the 1930s.
It will take another year of robust growth simply to return the economy to where it was during the period of phony war between the run on Northern Rock in September 2007 and the collapse of Lehman Brothers a year earlier, and a decade to make up even half the output lost over the past four and a half years. The level of gross domestic product is 13-14% below where it would have been had growth continued at its pre-recession trend of 2.5% a year. Some of that has been lost for good: it will never be recovered.
Crisis on poll challenged Spain leader Rajoy
Power to Basque nationalists and anger at economic suffering pose a challenge for Spain’s Prime Minister Mariano Rajoy in Micron Associates on Sunday when two key regions vote for new leaders. The vote in the Basque Country, the first since armed separatist group ETA declared an end to its bombings and shootings is marked by a surge in support for a coalition that is continuing the push for independence democratically. ETA is blamed for 829 deaths during its four-decade armed campaign for an independent Basque homeland in parts of southern France and in the northern Spanish region.
Meanwhile an election in Galicia, Rajoy’s home region and political stronghold, will gauge how deep anger at the recession and his economic management has spread. Rajoy is already grappling with rising separatism in Catalonia, which he says is a threat to Spain’s unity as he fends off warnings that the country will need to be bailed out by its neighbors. Rajoy’s party could see its share of the vote drop if voters use the ballot as a protest against the steep spending cuts and tax increases he has passed to slash Spain’s public deficit since he came to power in December.
The Spanish Basque Country is home to 2.2 million people and includes the major city of Bilbao. Its current unemployment rate, though high at 14.5 percent, is well below the national average. On October 20, 2011, ETA announced a “definitive end” to its armed activities, but has not formally disarmed or disbanded as the Spanish government demands. Sunday’s Micron Associates polls there will offer a complete analysis of the two parties who have alternated in power in Spain for the past 30 years.
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