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Friday, 03 June, 2005 |
Today's news has a common theme - the
battle between markets and governments continue and the evidence
ipresents a mixed scoreboard. If you look at the world from an internet
centric perspective you gain optimism that individual sovereignty is
the future, however if your evidence is main stream media centric - the
current structure/philosophy will make this a death match.
We recently went through a
reorganization to streamline and consolidate around fewer distinct
(unique) offers and part of that process was to move our base of
operations from Atlanta. We officially open our new North American
operations Las Vegas later this month and over
the next year will open our world headquarters in Panama (South/Central
America), with
field offices in Singapore (Asia), Dubai (Middle East/Africa), and
Zurich (Europe). That
will give us a global presence for news, analysis, and solutions
located in countries practicing sound economic princples.
We want to thank our faithful readers
from the past year for their recommendations which are central to this new business model.
Now for how the news is constructed.
We selected the top countries per continent for personal and
economic freedom, and their top economic news sources. Our
research staff reviews these sources every morning for information
relevent to the ownership and executive leadership of mid-sized
companies.
We link to original sources to ensure
everyone wins, especally the reporter or author, and provide you with
additional news sources to research on your own. This is a free Monday -
Friday service. On Saturdays
we collect all of our daily commentary and attempt to make some sense
of
it, identifying trends as market intellgence for your company. Sundays
are reserved for
editorials and commentary from the best economic, political, and
business minds we can track down. On occasion that will include our
thought leaders as well.
Once again - thanx to our readers and we are excited about the expansion of our news, analysis, and solution business. Enjoy.
ciao - bill
9:48:34 AM 
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No comment - yet - we feature this story tomorrow with some insider information
WASHINGTON (AP) - American employers throttled back hiring in May,
boosting jobs by just 78,000, the U.S. government reported Friday. The
most sluggish pace of payroll expansion in nearly two years dramatized
the erratic behaviour of the nation's job market.
Despite the sluggish growth in new jobs, the Labour Department's
newest snapshot of the jobs picture in the United States showed that
the civilian unemployment rate actually dipped fractionally last month
- to 5.1 per cent. That was down a notch from April's 5.2 per cent
jobless rate and was the lowest overall since September 2001.
The fact that the rate, adjusted for seasonal variations, actually
declined likely reflects that while the hiring pace was sluggish, it
was enough to accommodate a decreasing number of job-seekers last
month.
9:39:22 AM
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The previous story was from an African perspective - this is the same story from the England's next PM
Gordon Brown today called
for a "modern Marshall Plan" for Africa that would include 100% debt
relief and an international finance facility for immunisation.
Speaking
in Edinburgh, the chancellor outlined his ambitious development plans
in advance of a meeting of finance ministers from the G8 industrial
countries in London next week, which precedes the summit in Gleneagles,
Scotland in July.
9:28:39 AM
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We covered parts of this story
yesterday, will the British force changes in government economic policy
in return for participation in the plan. The answer will determine if
this is a sound investment or another road to nowhere
British Treasury chief Gordon Brown outlined what he called a "modern
Marshall plan" on Friday to boost Africa's fortunes with debt relief,
aid and trade.
He proposed erasing all the debt poor countries
owe to international organisations such as the World Bank, the
International Monetary Fund and the African Development bank.
9:24:48 AM
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Without a change in economics at the
governmental level - this is wishful thinking. I believe I saw a story
from 1948 that made the same prediction
India's emergence as a political and economic power is unstoppable and could
play a key neutralizing role over China's growing clout, according to experts
and officials at a forum in Washington.
``We no longer discuss the future of India: we say `the future is India,''' said
Indian Commerce and Industry Minister Kamal Nath at the conference organized by
the US-India Business Council.
9:20:35 AM
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Oh yeah - how else can the United States and Europe get the Chinese government to honor its inernational trade agreements?
The United States and Europe should avoid using a trade dispute over textile
imports from China as a bargaining chip in their push to get the yuan revalued,
Commerce Minister Bo Xilai said.
9:16:34 AM
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Interesting - perhaps a sign of shifting the economic curve from growth to stability!?
WHEN Thaksin Shinawatra, Thailand's usually
cheerful prime minister, starts urging Thais not to panic about the
trade deficit and to save fuel by turning off the lights, it is safe to
assume that Asia's fast-growing economies are in danger of losing their
sparkle.
Thailand, it is true, has been hit by several severe and unrelated
problems in recent months, including drought, bird flu, high oil prices
and the Indian Ocean tsunamis.
9:12:16 AM
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Question
- what has India done to make this global market opportunity viable
when it's overall economy remains a cronic underperformer?
India
controls 44% of the global offshore outsourcing market for software and
back-office services, with revenues of $17.2 billion in the year ended
March 2005.
S
Ramadorai, chairman of National Association of Software and Services
Companies (NASSCOM) on Thursday said as many as 400 of the Fortune 500
companies now either have their own centres in India or outsource to
Indian technology firms.
8:59:55 AM
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Another story in the battle between sovereignty and world government - once again sovereignty wins
A
majority of French voters has voted non -- "no" -- to a proposed new
constitution for the European Union, the 25-nation organization whose
boundaries now stretch eastward beyond the former Iron Curtain.
How
ironic. The United States took a heavy verbal pounding two years ago,
much of it from France, when it chose to put its national priorities
ahead of the demands of France, Germany and certain other allies. But
when the voters of France were given a chance to further subordinate
their nationhood to collectivist philosophies, they characteristically
balked.
8:46:19 AM
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Given the last story, how fitting. Command economies can't stand the heat from its failed policies and needs a scapegoat
A political storm has broken out in Germany over
reports that the government may be distancing itself from the European
single currency. Stern magazine said that Finance Minister Hans Eichel
had been present at a meeting where the "collapse" of monetary union
was discussed.
The government is planning to blame the euro for Germany's economic weakness, the magazine added.
8:35:06 AM
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I am beginning to see a theme in
today's news - a lose of patience with our respective nanny states and
their genetic need to protect us from ourselves
Being a member of congress used to be a part-time job held by our
society’s most successful individuals who wanted to preserve the free
society they so enjoyed. Now it is a life long career for people who
can’t do anything else, the proverbial brass ring, like hitting the
lottery. No matter how humble your beginnings, once elected, you are
forever rich, forever powerful and forever respected, at least by some.
8:30:57 AM
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I'm from the government - trust me - I'm here to help you (lose your wealth)
(AgapePress) - In the late 1970s I was
working for Crocker National Bank in California, which at the time was
the eleventh-largest bank in the country. A friend of mine worked for
one of its offices along the U.S.-Mexico border in California's
Imperial Valley.
At the time, the president of Mexico
announced to the public that his country was considering a monetary
devaluation of its currency. He told his fellow countrymen that it was
imperative that Mexicans everywhere not move their currency out of
Mexico (and into the U.S.). As an operations supervisor at the time, I
was keenly aware of the situation. I had an employee whose family had
assets and business interests in Mexico. The Mexican president
transferred $500,000 into his personal U.S. account the day before the
official devaluation occurred.
8:25:35 AM
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The read of the day! Don't pass up
this opportunity from Mark Fadiman @Free Market News Network, a
privateer operation (not ours). We are fellow pyrates in the war for
liberty and justice against politicans and bureaucrats
Actually, the score is Ludwig Von Mises 357,000 and John Maynard Keynes
326,000 – according to a recent Google search of mentions of both
names. This ratio may seem a simplistic measure of influence or import
(Michael Jackson garners over 20 million Google mentions currently) but
perhaps a decade ago only a handful of Europeans or Americans would
even have recognized Mises name, let alone the free-market economic
concepts he championed. Now nearly half a million Misesian queries are
rocketing around cyberspace.
Whatever yet remains of the Western world’s shaky ruling elite - which
has generally seemed to prefer a regulatory model to a free-market one
- must find the above numbers worrisome. They seem to indicate a
fundamental social and intellectual shift of the kind that occurs when
technology suddenly offers vastly expanded access to important
information. The last time this happened was when Gutenberg invented
the moveable type that allowed people to read the Bible for themselves
- and to find out that the content varied considerably from the
prevailing dogma. Though it took about 100 years, the ramifications of
this knowledge effectively ended the high Middle Ages and ushered in
the Modern Era. As the Catholic Church crumbled, the Reformation
gathered strength, and the royal families of Europe lost first
credibility, then divinity. There is no reason to doubt that the
Internet may well do to the world’s socio-political structure in 10 or
15 years what it took the Gutenberg Press much longer to accomplish.
Technology compresses time.
To understand how truly astonishing the Mises/Keynes Google-query ratio
is, one needs to remember that when the Von Mises, the “dean of
free-market economics” arrived in this country in the 1940s, a refugee
from Hitler’s Europe, he could hardly find a job or place to live.
Finally, after a good deal of pressure from a handful of American
friends, a university classroom, teaching post and salary were provided
to him. But Mises never during his stay in the US saw anything like the
acceptance accorded to John Maynard Keynes – none of the political
encomiums or academic honors. Of course, Keynes was widely held to have
won the battle he waged against Mises' key student F.A. Hayek in the
mid 1930s when Keynes published a legendary and unreadable tome about
economics with much windy rhetoric about the usefulness of government
intervention and the benefits of inflation (defined as “wage push”). It
was left to Mises himself and then to the enthusiastic Murray Rothbard
and other Mises students to spread the free-market economic gospel –
that government itself inevitably over-produced money – and thus
inflated the supply and gave rise to a host of inflationary side
effects.
8:20:10 AM
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One of our ongoing themes of the last year - go short on the EU, an idea that can and went a long time ago
LUXEMBOURG (Reuters) - Luxembourg Prime Minister Jean-Claude Juncker,
who holds the European Union presidency, warned on Friday that failure
to agree on a new long-term EU budget this month would turn a political
problem into a full-blown crisis.
Juncker, who also chairs euro zone finance ministers, said the
single currency shared by 12 EU countries had been weakened by the "No"
votes to the European constitution in France and the Netherlands but
was still overvalued compared to the dollar.
8:13:21 AM
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A
politically incorrect thought: Africa and those areas of the world
practicing fundamental Islam will not survive AIDS - women are property
and have no control over their bodies. Men refuse to wear condoms and
if the women refuses sex, she can be divorced which means she has
nothing and usually finds herself in prositution. Kofi - what is your
answer besides more money that achieves nothing?
New York (VNA) - United
Nations Secretary-General Kofi Annan has warned of the spread of the
HIV/AIDS epidemic on a global scale and urged the international
community to swiftly implement new measures to effectively cope with
the disease.
He made the comment on June 2 at a UN Meeting on
HIV/AIDS to review progress made in combating the deadly disease. He
noted that progress was "significant but insufficient".
Almost all countries in the world have failed to
implement their goals to prevent the spread of the disease and the
epidemic is accelerating on every continent. Around 40 million people
around the world are living with HIV.
8:08:55 AM
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