text:
Year-End 2014 Chemical Industry Situation and Outlook. American Chemistry Builds Momentum
- Daniel Fox
- 3 years ago
- Views:
1 Year-End 2014 Chemical Industry Situation and Outlook American Chemistry Builds Momentum December 2014
2 American chemistry output expanded in 2014 despite weakness in key export markets and adverse winter weather. In the United States, strong gains in light vehicles and housing, two important markets for chemistry producers, drove modest economic growth. Looking ahead to 2015, recessions in Brazil, Japan and many European nations and slowdowns among other major trading partners may at first glance seem like bad news for the U.S. economic outlook but a number of other developments are likely to offset the effects of overseas developments on the U.S. economy. Faster growth in the United States compared to the rest of the world (as well as a less accommodative monetary policy) is leading to an appreciation of the U.S. dollar. Appreciation of the dollar (along with the rising supply emanating from the United States) is engendering lower prices for oil. This is reducing costs and thus stimulating production as well as restraining inflation and boosting consumer confidence, purchasing power and spending. In addition, improvement in U.S. labor markets and the manufacturing renaissance in full swing are contributing to the building momentum for the American chemical industry. We also anticipate positive supply chain impacts from unconventional oil and gas development in the U.S., through increased demand for equipment, chemicals, and services required for energy production in addition to lower fuel prices for all consumers. And eventually, a sustained global expansion will result in growing trade. There were improved gains in chemistry production volumes in 2014 and inventories remain balanced, so growing demand in 2015 will require new production. During the past year, output gains were led by consumer chemistry and specialties. Advances in manufacturing and exports during 2015 will drive demand for basic chemicals, especially those segments in which the United States enjoys a renewed competitive advantage. American Chemistry is building momentum as a growth industry and the wave of announcements to build new chemical capacity continues. These investments will capitalize on the profound and sustainable competitive advantage enabled by shale gas development. In addition, the industry is adding high-paying American jobs after years of trimming payrolls. Chemistry companies in the U.S. continue to innovate, focusing on improving efficiencies as well as on new leading-edge product development. American Chemistry Council, Economics & Statistics 1 December 2014
3 U.S. and World Macroeconomic Situation & Outlook Strengthening fundamentals and the unconventional oil and gas advantage improve U.S. growth prospects World GDP (market exchange basis), Real U.S. GDP % change Y/Y World U.S ACC s CAB signals modest growth in the U.S. into U.S. GDP growth will be well below trend in 2014, about 2.2%. Growth is expected to accelerate to a 3.0% pace in 2015 and then moderate in the 2 nd half of the decade. Long-term growth in the economy is expected to be more muted due to demographic, policy and other factors. The U.S. chemical industry will be a source of strength in the economic outlook as improvement in its customer industries and in emerging markets occurs and as the effects of enhanced feedstock competitiveness bolster growth. After a promising start the global economy faltered in 2014 with heightened geo-political uncertainty, recessions in Brazil, Japan and many European nations, as well as slowdowns in China, the Euro Area and other nations. Monetary policy around the world remains accommodative and inflationary pressures are virtually non-existent. The manufacturing sector, which represents the primary customer base for chemistry, entered a soft period in 2014 with particular weakness in Europe and East Asia. The global industrial cycle, however, is beginning to turn upwards, led by the United States the United Kingdom and other nations. In the United States the economy is in below-potential growth as high taxes, debt and regulatory burdens still take a toll on both business and consumer confidence. As a result, businesses have been cautious and will slow capital spending in Furthermore, overseas weakness and a higher dollar dampen U.S. exports. With household deleveraging over, further improvements in the employment situation, lower oil prices fostering discretionary incomes, asset prices moving higher, consumers are starting to spend again. Overall, growth in the U.S. economy will continue into 2015 and we can see this by examining the trends in ACC s Chemical Activity Barometer (CAB). The CAB is a composite index of economic indicators that track the activity of the chemical industry. Due to its early position in the supply chain, chemical industry activity leads that in the overall economy and thus, the CAB can be used to anticipate potential turning points in the overall economy. The CAB is currently signaling slow economic growth into Indeed, the consensus forecast for U.S. GDP is for continued but modest growth, about trend in 2015, around 3.0%. This will likely ease slightly in 2016 and beyond but will be a pace stronger than that experienced in the recovery/expansion thus far. In addition, the United States is in the midst of an unconventional oil and gas boom which is supportive of economic growth and industrial activity. Longterm growth in the economy, however, will be more muted due to demographic, policy and other factors. American Chemistry Council, Economics & Statistics 2 December 2014
4 End-Use Markets Gains in key end-use markets driven by vehicles and housing. The outlook is buoyed by improvements in export markets and supply chain impacts from unconventional oil and gas development. Most key end-use markets for chemistry have recovered; however, several segments remain below their pre-recession peaks. During 2014, manufacturing growth improved. Leaders included light vehicles, appliances, construction materials, and some industries involved with business investment. Elsewhere, however, several manufacturing industries have yet to regain traction (textiles, paper, printing, etc.). Forward momentum for these segments depends upon demand for consumer goods, which ultimately drives factory output. In addition, the surge in unconventional oil and gas development is creating both demand side (e.g., pipe mills, oilfield machinery) and supply-side (e.g., chemicals, fertilizers, direct iron reduction) opportunities Light Vehicle Sales (mm) Light vehicles represent an important market for chemistry (nearly $3,500 in chemistry per vehicle) and production continues to improve. U.S. light vehicle sales are expected to rise further in 2015 as pent-up demand, improving employment (and income) prospects, and better availability of credit foster growth. Housing is the other large consumer of chemistry (about $15,000 in chemistry per start) and the outlook is still cautious. Inventories are low as are interest rates, and better job growth will eventually lead to improved household formations, the prime long-term driver for housing. That said, housing price gains have stalled, demographic headwinds remain in place, there are shifting preferences for types of housing, and finances remain weak among many potential first-time buyers. A gain in housing starts is expected in 2015 and Activity will remain well below the previous peak of 2.07 million units in 2005 but by the second half of the decade, activity will approach the long-term underlying demand of 1.5 million units per year as suggested by demographics and replacement needs Housing is making its way back to long-term trends, a good sign for U.S. chemicals demand Housing Starts (mm) American Chemistry Council, Economics & Statistics 3 December 2014
5 U.S. and World Chemistry Situation & Outlook Gathering Momentum Despite the slowdown in global manufacturing, U.S. chemistry volume gains have improved. With an improvement in customer industries and eventually in emerging markets the effects of an enhanced competitive position with regard to feedstock costs will support U.S. chemical industry production going forward. Basic chemicals (inorganic chemicals, petrochemicals, plastic resins, synthetic rubber, and man-made fibers) were the hardest hit from the recession in Japan, Brazil, etc. and the economic slowdown in other nations, despite improving demand from important customer markets such as light vehicles and housing. Downstream customers still remain cautious about building inventories but improvements in final demand could necessitate replenishing. The consensus is that U.S. chemical output will improve during 2015 and into the second half of the decade. As a result, for chemistry, following the 0.1% gain in volumes during in 2012 and 1.3% gain in 2013, production rose at an improved 2.0% pace in 2014 and will improve to a 3.7% gain in Strong growth is expected in inorganic chemicals, organic chemistry, plastic resins and synthetic rubber as export markets revive and domestic end-use markets further improve. Production of specialty chemicals will be driven by strong demand from end-use markets; most notably light vehicles and housing. Strong 2014 gains in consumer products will moderate in 2015 and Demand for agricultural chemicals (and their supply from the U.S.) will revive. During the second half of the decade, U.S. chemistry growth is expected to expand at a pace (over 4% per year on average) exceeding that of the overall U.S. economy. Aided by an aging population, pharmaceuticals will eventually emerge as a growth segment in towards the end of the decade. U.S. chemical output is expected to rise 3.7% in 2015 and 3.9% in IN THE LONG-TERM, the U.S. chemical industry will grow faster than the overall U.S. economy. Although projected year-over-year growth rates for most segments appear strong over the next few years, they must be considered in the context of the exceptionally sharp declines seen in 2008 that continued into Looking forward, the expected modest gains in chemical industry production volumes and stable capacity suggests improving operating rates in 2015, and with strengthening production volumes, capacity utilization could improve even further in 2016 and beyond. In the U.S., chemical production continued to grow across all regions during The highest growth was seen in the Ohio Valley and Northeast regions, reflecting gains in specialties and consumer chemistry produced in that region. Production will expand in 2015 and into As the surge of shale-driven chemical capacity starts to come online in 2017 and beyond, growth will accelerate, especially along the Gulf Coast. By 2019, American chemistry revenues will exceed $1.0 trillion. American Chemistry revenues projected to accelerate $1,000 $800 $600 $400 $200 $0 Chemical Industry Sales ($ billions) $1 TRILLION In U.S. chemical industry sales by 2019 American Chemistry Council, Economics & Statistics 4 December 2014
6 20, ,000-40,000-60,000 Job Growth Continues Change in Chemical Industry Employment Chemical industry adding jobs The industry s expansion has also reversed a falling trend in employment. Employment in the chemical industry is expected to have grown by 1.2% in 2014, with new jobs added through This trend is in contrast to a continuous decline in employment from Because chemical industry workers are among the highest paid in the manufacturing sector, growing payrolls will strengthen local economies. Inventories are well-balanced Effective inventory management since the end of the Great Recession has resulted in fairly wellbalanced inventories relative to shipments. For chemical manufacturers, inventories-to-shipments have ranged between 1.01 and Since March the ratio has been trending lower and is well within historical norms. Along the value chain downstream, businesses are reluctant to add to inventories and, as a result, levels are low. Downstream customers have been optimizing inventories. Inventories among chemical wholesalers have been mixed in recent months. Global chemistry set to expand largest gains in developing nations In global chemistry, a possible tertiary recession in Europe and the slowdown in China and other emerging nations clearly affected global chemistry volumes. After much promise at the start of the year, overall global production likely advanced only 2.8% in 2014, about the same as in With improving economic prospects headline growth will improve to 3.6% in 2015 and 3.9% in The most dynamic achievements will be found in the developing nations of Asia-Pacific and Africa & the Middle East. But due to competitive advantages from shale gas, growth will be strong in North America as well. With long-term structural and competitiveness challenges, Western Europe and Japan will lag as will Latin America in the short-term. With strengthening production volumes, global capacity utilization will improve in the years to come Global Business of Chemistry Output % change Y/Y World U.S. Developed Developing Strong Y/Y gains in chemicals output growth in the developing nations of Asia-Pacific and Africa & the Middle East but the United States captures global market share in the long-term. American Chemistry Council, Economics & Statistics 5 December 2014
7 Capital/Infrastructure The U.S. is the venue for chemical investment We need tax policies that will drive innovation, increase productivity and promote manufacturing competitiveness in the U.S. Over 215 new chemical production projects (valued at over$135 billion altogether) have been announced and the dynamics for sustained capital investment are in place. annual gains of over 9% per year in U.S. capital spending are expected through 2017 with only a minor slowdown in growth after that. A new capital spending cycle began in 2010 as chemical manufacturers recovered from the Great Recession. Initially in this cycle, it was sustaining capital that drove investment in the U.S. with expenditures allocated towards equipment upgrades and other efficiency investments. However, access to vast, new supplies of natural gas has created an enormous competitive advantage for American chemistry - petrochemical manufacturers in particular and the trend in capital investment has rapidly accelerated and changed as significant expansion of existing petrochemical capacity has become the driver. As a result, capital spending surged 11.8% to $33.3 billion. Despite the hindrance of slow global growth, uncertainty and U.S. tax policies that discourage business investment, these strong gains in capital spending for American chemistry are expected to continue. Capital spending is expected to increase more than 9% per year on average through 2017 with only a minor slowdown in growth after that. Expansions will continue and investments to improve operating efficiencies will play a role as well. By 2019, U.S. capital spending by the chemical industry will reach $48.6 billion - more than double the level of spending at the start of this prolonged cycle in With high profit margins, a low cost of capital and the opportunities afforded by shale gas, prodigious increases in new plant and equipment investment in the U.S. are forthcoming. The United States is being favorably re-evaluated as an investment location and petrochemical producers are announcing significant expansions of capacity in the U.S., reversing a decade-long decline. It s estimated that the gains to basic olefins capacity range from 35% to 40%. Indeed, over 215 new chemical production projects (valued at over $135 billion altogether) have been announced through early-december and the dynamics for sustained capital investment are in place. Access to plentiful and affordable natural gas supplies is allowing the United States to capture an increasing share of global chemical industry investment. This trend will continue as the United States has become the location for investment. By 2019, global chemical industry capital investment will reach $592 billion, a level more than two times higher than it was in $49 BILLION In U.S. Chemical Industry Capital Spending by 2019 $592 BILLION In Global Chemical Industry Capital Spending by 2019 American Chemistry Council, Economics & Statistics 6 December 2014
8 Innovation The chemical industry is one of the top private investors in R&D $100 $80 $60 $40 $20 $0 R&D Spending ($ billions) Chemistry is a science and technology, knowledge-based endeavor. In 2013, the business of chemistry invested $56.5 billion in research and development (R&D). With improved margins and prospects it is likely that R&D spending increased 1.8% to $57.5 billion in Companies continue to focus on improving efficiencies as well as on new leading-edge product innovations and are strengthening R&D activities. Looking forward, R&D spending is expected to increase 3.3% to $59.4 billion in Improving gains are expected thereafter and by 2019, R&D spending will reach $69.8 billion. Pharmaceutical R&D spending gains will continue to outpace non-pharmaceutical segments although the latter will enjoy new buoyancy. Computational advances and other innovations are resulting in improved R&D effectiveness. Trade Renewed competitiveness from shale gas will boost U.S. chemicals exports While strength in American manufacturing, improvement in labor markets and growth in key end-use markets have translated to solid domestic demand for chemicals, weakness in external markets have limited U.S. chemical export sales. Despite the competitive position American chemistry owes to a comparably favorable oil-to-gas price ratio, trouble in the economies of major trading partners means that the industry likely will not post a trade surplus until This trend is expected to reverse in 2017 with the industry positioned as a net exporter over the longer-term. Considering chemicals trade excluding pharmaceuticals, the U.S. is a net exporter. By this measure, the industry will post a trade surplus of $37 billion this year reflecting a $32 billion surplus in basic chemicals. As new investments in the chemical industry come online, basic chemicals export growth will accelerate. Excluding pharmaceuticals, the surplus in chemicals trade will grow to $77.4 billion by Chemicals (ex Pharma) Trade Balance ($ billions) American Chemistry Council, Economics & Statistics 7 December 2014
9 Conclusion As 2014 comes to a close, the business of chemistry is building momentum. Continued recovery in end-use markets, a shift in competitiveness and the eventual return of global economic growth will lift demand for American chemistry over the next several years. Inventories remain balanced, so increasing demand for chemistry will come from new production rather than stock drawdowns. ACC expects to see above-trend growth in basic chemicals over the forecast horizon, in addition to solid demand in other segments. Innovation will also continue to drive American chemistry, with growing investments in research and development in new molecules, new applications, and new more efficient processing techniques. Research into the safety of chemical products also continues to be a significant part of companies research programs. With the development of shale gas and the surge in natural gas liquids supply, the United States has moved from being a high-cost producer of key petrochemicals and resins to among the lowest-cost producers globally. This shift in competitiveness is boosting export demand and driving significant flows of new capital investment toward the United States. We anticipate that recently announced new capacity for chemicals will significantly expand production when those investments come online beginning in As a result, employment in the business of chemistry will pick up. The industry is expected to add high-paying jobs through the end of the decade. We ll also see U.S. chemical exports grow and as external demand becomes more robust, we ll see the recent pattern of trade deficits shift to one of net surplus. By 2019, American chemistry will post record trade surpluses. American Chemistry Council, Economics & Statistics 8 December 2014
10 TABLE 1 Macroeconomic Outlook % Change Year-over-Year unless otherwise noted Global Macroeconomic Indicators GDP (Market Exchange Rate basis) GDP (PPP basis) World Trade Industrial Production Consumer Prices U.S. Macroeconomic Indicators GDP Consumer Spending Business Investment Industrial Production Light Vehicle Sales (mm) Housing Starts (mm) Consumer Prices Year Treasury Notes (%) Unemployment Rate (%) Exchange Rate ($U.S./euro) U.S. End-Use Market Output Construction Food, Beverages & Tobacco Textile Mill Products Apparel Structural Panels Paper Printing Petroleum Refining Rubber & Plastic Products Iron & Steel Fabricated Metal Products Computers Semiconductors & Electronic Components Appliances Motor Vehicles & Parts Aerospace Furniture American Chemistry Council, Economics & Statistics 9 December 2014
11 TABLE 2 U.S. Chemistry Outlook: Production Volumes % Change Year-over-Year Total Chemicals Production Volume Production Volume by Segment Pharmaceuticals Chemicals, excl. Pharmaceuticals Agricultural Chemicals Fertilizers Crop Protection Consumer Products Basic Chemicals Inorganic Chemicals Bulk Petrochemicals & Organics Plastic Resins Synthetic Rubber Man-Made Fibers Specialties Coatings Other Specialties Production Volume by Region Gulf Coast Midwest Ohio Valley Mid-Atlantic Southeast Northeast West Coast Capacity Capacity Utilization (%) 75.6% 75.3% 75.4% 75.9% 76.9% 77.3% 77.8% 78.2% 77.9% 78.8% American Chemistry Council, Economics & Statistics 10 December 2014
12 TABLE 3 U.S. Chemistry Outlook: Trade Exports (billions) $187.3 $188.3 $189.1 $192.9 $201.6 $217.2 $236.5 $257.7 $281.7 Imports (billions) $191.1 $187.5 $185.7 $197.8 $206.3 $218.5 $230.0 $242.4 $252.8 Trade Balance (billions) -$3.7 $0.8 $3.4 -$4.9 -$4.7 -$1.3 $6.5 $15.3 $28.9 Pharmaceuticals -$47.2 -$40.4 -$37.9 -$41.7 -$45.2 -$47.3 -$48.2 -$49.3 -$48.5 Chemicals, excluding Pharma. $43.5 $41.2 $41.3 $36.9 $40.5 $46.1 $54.8 $64.6 $77.4 Consumer Products $2.4 $2.3 $2.1 $1.9 $1.7 $1.1 $0.3 -$0.4 -$1.1 Agricultural Chemicals -$5.0 -$5.0 -$4.0 -$3.8 -$2.8 -$2.8 -$2.8 -$2.7 -$2.5 Specialties $11.4 $10.3 $9.2 $7.3 $7.0 $7.4 $8.1 $8.8 $10.1 Basic Chemicals $34.7 $33.5 $34.0 $31.6 $34.5 $40.4 $49.2 $58.8 $70.9 TABLE 4 U.S. Chemistry Outlook: Other Indicators Capacity Capacity Utilization (%) 75.6% 75.3% 75.4% 75.9% 76.9% 77.3% 77.8% 78.2% 77.9% 78.8% Shipments (billions) $776.8 $802.9 $811.6 $805.1 $849.0 $883.0 $923.0 $969.0 $1,017.0 n/a % Change Year-over-Year n/a R&D Spending (billions) $56.07 $56.59 $56.49 $57.51 $59.40 $61.96 $64.62 $67.21 $69.76 n/a % Change Year-over-Year n/a Capital Spending (billions) $ $29.82 $33.34 $36.28 $39.46 $42.82 $45.75 $48.63 n/a % Change Year-over-Year n/a Employment (thousands) n/a % Change Year-over-Year n/a Hourly Wages ($/hour) $21.47 $21.43 $21.36 $21.52 $22.10 $22.70 $23.30 $24.00 $24.70 n/a % Change Year-over-Year n/a American Chemistry Council, Economics & Statistics 11 December 2014
13 TABLE 5 Global Business of Chemistry Production Outlook by Country and Region % Change Year-over-Year United States Canada Mexico North America Brazil Other Latin America Latin America France Germany Italy United Kingdom Belgium Ireland Netherlands Spain Sweden Switzerland Other Western Europe Russia Other Central/Eastern Europe Central/Eastern Europe Africa & Middle East Japan Asia-Pacific excluding Japan China India Australia South Korea Singapore Taiwan Other Asia/Pacific Asia/Pacific Total World Developed Developing American Chemistry Council, Economics & Statistics 12 December 2014
14 TABLE 6 Global Business of Chemistry Production Outlook by Segment % Change Year-over-Year Total Chemicals Pharmaceuticals Total, excluding Pharmaceuticals Consumer Products Agricultural Chemicals Specialties Coatings Other Specialties Basic Chemicals Inorganics Bulk Petrochemicals & Organics Plastic Resins Synthetic Rubber Man-Made Fibers TABLE 7 Global Chemical Capital Spending % Change Year-over-Year Global Capacity Global Capacity Utilization 87.3% 85.3% 83.4% 82.5% 82.3% 82.2% 82.0% 81.6% 81.0% 81.7% Capital Spending (billion US$) $367.4 $401.1 $426.7 $447.3 $469.2 $496.7 $525.7 $557.2 $591.7 n/a % Change n/a American Chemistry Council, Economics & Statistics 13 December 2014
15 TABLE 8 Global Economic Environment: Real GDP % Change Year-over-Year Real GDP United States Canada Mexico Brazil United Kingdom Eurozone France Germany Italy Spain Russia Japan China India South Korea World GDP (Market Exchange) World GDP (PPP) World Trade TABLE 9 Global Economic Environment: Industrial Production % Change Year-over-Year Industrial Production United States Canada Mexico Brazil United Kingdom Eurozone France Germany Italy Spain Russia Japan China India South Korea World Industrial Production American Chemistry Council, Economics & Statistics 14 December 2014
16 TABLE 10 Global Economic Environment: Inflation (Consumer) % Change Year-over-Year Inflation (Consumer) United States Canada Mexico Brazil United Kingdom Eurozone France Germany Italy Spain Russia Japan China India South Korea World Inflation American Chemistry Council, Economics & Statistics 15 December 2014
17 Methodology This report presents an assessment of current conditions and expectations for the global business of chemistry, with particular emphasis on the U.S. The analysis uses economic data and publicly available information through mid- November In looking ahead, several models of global output, trade, etc. for the business of chemistry are employed. Also taken into account are the forecasts made by economists at the national chemical associations in Europe (whose expertise ACC gratefully acknowledges) and from economic forecasting consultants and other institutions. Also gratefully acknowledged is the macroeconomic and chemical industry expertise of IHS Global Insight and Oxford Economics, leading providers of economic advice and consultancy services. The macroeconomic forecasts of the Economist Intelligence Unit (EIU) were also important to our thinking as was the U.S. Industrial Outlook of the Manufacturers Alliance/MAPI. These were supplemented by forecasts provided by the Asian Development Bank, IMF, OECD, the WTO, and various banks. For More Information More details, historical data (back to 1994) and annual projections (to 2019 and beyond) for the tables in the report are available in spreadsheet format. For more information or to access the detailed data, contact ACC s Economics Department: Economics & Statistics Department Contacts Dr. Thomas Kevin Swift Chief Economist & Managing Director Martha Gilchrist Moore Senior Director- Policy Analysis and Economics Heather R. Rose-Glowacki Director, Chemical & Industry Dynamics Emily Sanchez Director- Surveys & Statistics Zahra Saifi Executive Assistant, Office of CFO and CAO Every effort has been made in the preparation of this publication to provide the best available information. However, neither the American Chemistry Council, nor any of its employees, agents or other assigns makes any warranty, expressed or implied, or assumes any liability or responsibility for any use, or the results of such use, of any information or data disclosed in this material. American Chemistry Council, Economics & Statistics 16 December 2014
The Global Chemical Industry: US, China and Global Status and Opportunities, 2015
The Global Chemical Industry: US, China and Global Status and Opportunities, 2015 August 28, 2005 American Chemical Society Martha Gilchrist Moore Moore Economics firstname.lastname@example.com OpportunitiesMore information
Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation
August 2014 Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated to reflect the current economic outlook for factors that typically impactMore information
World Manufacturing Production
Quarterly Report World Manufacturing Production Statistics for Quarter IV, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter IV, 2013 UNIDO Statistics presentsMore information
North Carolina Export Trends, (in current dollars) $
1 in Billions P. 1/6 North Carolina 2011 Annual Trade Report 1 North Carolina s international trade continues to be a key driver in sustaining the state s economy. In 2011, North Carolina merchandise exportsMore information
PUBLIC BANK BERHAD ECONOMICS DIVISION MENARA PUBLIC BANK 146 JALAN AMPANG 50450 KUALA LUMPUR TEL : 03 2176 6000/666 FAX : 03 2163 9929 Public Bank Economic Review is published bi monthly by Economics Division,More information
World Manufacturing Production
Quarterly Report World Manufacturing Production Statistics for Quarter III, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter III, 2013 UNIDO Statistics presentsMore information
Economic Outlook
2015-2016 Economic Outlook Published by: Department of Finance Province of New Brunswick P.O. Box 6000 Fredericton, New Brunswick E3B 5H1 Canada Internet: www.gnb.ca/finance March 31, 2015 Cover: GovernmentMore information
1/ X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 10.1 Overview of World Economy Latest indicators are increasingly suggesting that the significant contraction in economic activity has come to an end, notablyMore information
Insurance Market Outlook
Munich Re Economic Research May 2014 Premium growth is again slowly gathering momentum After a rather restrained 2013 (according to partly preliminary data), we expect growth in global primary insuranceMore information
WORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019 Worldwide retail sales including in-store and internet purchases will surpass $22 trillion in 2015, up 5.6% fromMore information
Automation Industry Market Report
Automation Industry Market Report The Global Industrial Automation Industry After weathering a difficult economic recession, the global automation industry is once again on the upswing, with many industryMore information
The global economy Banco de Portugal Lisbon, 24 September 2013 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist
The global economy Banco de Portugal Lisbon, 24 September 213 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist Summary of presentation Global economy slowly exiting recession butMore information
US Economic Outlook. How long will the ride last? IHS ECONOMICS. US Outlook
IHS ECONOMICS US Outlook US Economic Outlook How long will the ride last? December 2014 ihs.com Douglas Handler, IHS Chief US Economist, +1 781 301 9283, email@example.com US Economic Overview 2 ExecutiveMore information
Foreign Direct Investment in the United States. Organization for International Investment
Foreign Direct Investment in the United States Organization for International Investment March 18, 2009 Key Findings FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Foreign Direct Investment in the UnitedMore information
2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013
2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 U.S. stock market performance in 2012 * +12.59% total return +6.35%More information
Global outlook: Healthcare
Global outlook: Healthcare March 2014 healthcare 1 Today s presenters Ana Nicholls Managing Editor, Industry Briefing Economist Intelligence Unit Lauren Brayshaw Marketing executive Economist IntelligenceMore information
World Manufacturing Production
Quarterly Report World Manufacturing Production Statistics for Quarter I, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter I, 2013 UNIDO Statistics presentsMore information
Can the US Consumer Keep the World Economy Afloat?
Can the US Consumer Keep the World Economy Afloat? January 2016 Robert Johnson, CFA Director of Economic Analysis email@example.com (312) 696-6103 2016 Morningstar, Inc. All rights reserved.More information
Financial Information
Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash FlowMore information
The lower energy and feedstock prices overall have the following effects:
Impact of lower oil price on the European Chemical Industry Executive summary Oil prices have seen a rapid drop over the past six months with the price per barrel sinking to its lowest point since 2009.More information
Foreign Direct Investors Outlays to Acquire or Establish U.S. Businesses Rose in 2004
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY JUNE 1, 2005 Thomas Anderson: (202) 606-9879 BEA 05-23 Foreign Direct Investors Outlays to Acquire or Establish U.S. Businesses Rose in 2004 In 2004,More information
2015 Year-end Survey of Business Conditions
2015 Year-end Survey of Business Conditions Industrial Chemicals D E C E M B E R 2 0 1 5 2015 Year-End Survey of Business Conditions 1 In d u strial Ch em icals H IGH LIGH TS In 2015: Sales of industrialMore information
The US Economic Outlook
IHS ECONOMICS US Economic Outlook The US Economic Outlook 14 January 2016 ihs.com Patrick Newport, Director of Long Term Forecasting +1 781 301 9125, firstname.lastname@example.com The US economy on a moderateMore information
International Trade through the New York and New Jersey Region
Weissman Center for International Business Zicklin School of Business, Baruch College/CUNY Vol. 2 No. 3 WCIB Occasional Paper Series May 2012 International Trade through the New York and New Jersey RegionMore information
Meeting with Analysts
CNB s New Forecast (Inflation Report II/2015) Meeting with Analysts Petr Král Prague, 11 May, 2015 1 Outline Assumptions of the forecast The new macroeconomic forecast Comparison with the previous forecastMore information
Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario
Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)More information
Statement by. Janet L. Yellen. Chair. Board of Governors of the Federal Reserve System. before the. Committee on Financial Services
For release at 8:30 a.m. EST February 10, 2016 Statement by Janet L. Yellen Chair Board of Governors of the Federal Reserve System before the Committee on Financial Services U.S. House of RepresentativesMore information
Country trade view Italy. Trends in global trade
Country trade view Italy Trends in global trade Summary Italy is a significant player in world trade. In 2014, it was the eleventh-largest importer and the ninth-largest exporter in the world. Italy comprisesMore information
Wisconsin's Exports A Special Report on Wisconsin's Economy
Wisconsin's Exports A Special Report on Wisconsin's Economy April 2011 Wisconsin Department of Revenue Division of Research and Policy AT A GLANCE Wisconsin's goods exports increased 18.3% to $19.8 billionMore information
CANADA AND U.S. AUTO SALES: ROOM FOR FUR- THER GROWTH? October 2014. Factors supporting the U.S. sales outlook: Employment Growth
93619 CANADA AND U.S. AUTO SALES: ROOM FOR FUR- THER GROWTH? October 2014 Canadian and U.S. auto sales have strengthened significantly from recession lows. Canadian new motor vehicle sales have surprisedMore information
U.S. Trade Overview, 2013
U.S. Trade Overview, 213 Stephanie Han & Natalie Soroka Trade and Economic Analysis Industry and Analysis Department of Commerce International Trade Administration October 214 Trade: A Vital Part of theMore information
Forecasts of Macroeconomic Developments, State Revenues from Taxes and Revenue from Other Sources, 2013-2014
Ministry of Finance Chief Economist - Research, State Revenue and International Affairs June 2013 Forecasts of Macroeconomic Developments, State Revenues from Taxes and Revenue from Other Sources, 2013-2014More information
Global Productivity Slowdown Moderated in May See Better Performance
2014 Productivity Brief Key Findings Global Productivity Slowdown Moderated in 2013 2014 May See Better Performance The global economy witnessed a deceleration in labor productivity growth for the thirdMore information
Background. Key points
Background Employment forecasts over the three years to March 2018 1 are presented in this report. These employment forecasts will inform the Ministry s advice relating to immigration priorities, and priorityMore information
LEE BUSI N ESS SCHOOL UNITED STATES QUARTERLY ECONOMIC FORECAST. U.S. Economic Growth to Accelerate. Chart 1. Growth Rate of U.S.
CENTER FOR BUSINESS & ECONOMIC RESEARCH LEE BUSI N ESS SCHOOL UNITED STATES QUARTERLY ECONOMIC FORECAST O U.S. Economic Growth to Accelerate ver the past few years, U.S. economic activity has remainedMore information
Markit Global Business Outlook Survey
News Release EMBARGOED UNTIL: :1 (UK), 1 March 14 Markit Global Business Outlook Survey Developed world set to lead strengthening global upturn in 14 Global business optimism hits two-year high ImprovedMore information
No.21 17 NOVEMBER 2015
No.21 17 NOVEMBER 2015 RECOVERY IN CROSS-BORDER MERGERS AND ACQUISITIONS HIGHLIGHTS Cross-border merger and acquisition (M&A) activity increased significantly in the first half of 2015, but may be slowingMore information
MBA Forecast Commentary Joel Kan, firstname.lastname@example.com
MBA Forecast Commentary Joel Kan, email@example.com Weak First Quarter, But Growth Expected to Recover MBA Economic and Mortgage Finance Commentary: May 2015 Broad economic growth in the US got off to a slowMore information
New Monetary Policy Challenges
New Monetary Policy Challenges 63 Journal of Central Banking Theory and Practice, 2013, 1, pp. 63-67 Received: 5 December 2012; accepted: 4 January 2013 UDC: 336.74 Alexey V. Ulyukaev * New Monetary PolicyMore information
Joint Economic Forecast Spring 2013. German Economy Recovering Long-Term Approach Needed to Economic Policy
Joint Economic Forecast Spring 2013 German Economy Recovering Long-Term Approach Needed to Economic Policy Press version Embargo until: Thursday, 18 April 2013, 11.00 a.m. CEST Joint Economic ForecastMore information
ENGINEERING LABOUR MARKET in Canada Projections to 2025 JUNE 2015 ENGINEERING LABOUR MARKET in Canada Projections to 2025 Prepared by: MESSAGE FROM THE CHIEF EXECUTIVE OFFICER Dear colleagues: EngineersMore information
Advanced economies driving global growth. Monetary policy still expansionary but tapering
April 22, 2014 Advanced economies driving global growth Monetary policy still expansionary but tapering Interest rates remain favorable Investors recalibrating their portfolios More certainty in fiscalMore information
2013 2014e 2015f. www.economics.gov.nl.ca. Real GDP Growth (%)
The global economy recorded modest growth in 2014. Real GDP rose by 3.4%, however, economic performance varied by country and region (see table). Several regions turned in a lackluster performance. TheMore information
Project LINK Meeting New York, 20-22 October 2010. Country Report: Australia
Project LINK Meeting New York, - October 1 Country Report: Australia Prepared by Peter Brain: National Institute of Economic and Industry Research, and Duncan Ironmonger: Department of Economics, UniversityMore information
Preparing for 2015 Housing Market Opportunities
January U.S. Economic & Housing Market Outlook Preparing for 2015 Housing Market Opportunities As we enter 2015, the U.S. economy and housing markets are prepared for a robust start. Unlike one year ago,More information
Research Report DEUTSCHE ASSET & WEALTH MANAGEMENT REAL ESTATE OUTLOOK Second Quarter 2013 Economic Outlook Business and consumer spending to drive recovery Quantitative easing beginning its expected unwindingMore information
Economic Outlook December 2015
Economic Outlook December 215 Economics Unit HEADLINES The global economy has slowed slightly in 215, as a result of further slowing of emerging economies. Improvement is expected in 216, though thereMore information
Economic outlook 1/2016. Global economy grows, but outlook is uncertain s. 3
Economic outlook 1/216 ELECTRONICS AND ELECTROTECHNICAL INDUSTRY MECHANICAL ENGINEERING METALS INDUSTRY CONSULTING ENGINEERING INFORMATION TECHNOLOGY Global and Finnish Economic Outlook Global economyMore information
Cement Supply Survey
June 8, 2004 Cement Shortage Assessment Update Material specifiers frequently have to choose between concrete and alternative building materials. As the use of concrete has grown, cement shortages haveMore information
Summary. Economic Update 1 / 7 May 2016
Economic Update Economic Update 1 / 7 Summary 2 Global World GDP is forecast to grow only 2.4% in 2016, weighed down by emerging market weakness and increasing uncertainty. 3 Eurozone The modest eurozoneMore information
Main trends in industry in 2014 and thoughts on future developments. (April 2015)
Main trends in industry in 2014 and thoughts on future developments (April 2015) Development of the industrial sector in 2014 After two years of recession, industrial production returned to growth in 2014.More information
Eurozone. EY Eurozone Forecast September 2013
Eurozone EY Eurozone Forecast September 213 Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Luxembourg Malta Netherlands Portugal Slovakia Slovenia Spain Outlook for FinlandMore information
Manpower Employment Outlook Survey Singapore Q3 2014. A Manpower Research Report
Manpower Employment Outlook Survey Singapore Q3 14 A Manpower Research Report Contents Q3/14 Singapore Employment Outlook 2 Sector Comparisons Global Employment Outlook 6 International Comparisons - AsiaMore information
MACROECONOMIC AND INDUSTRY ANALYSIS VALUATION PROCESS BUSINESS ANALYSIS INTRODUCTION To determine a proper price for a firm s stock, security analyst must forecast the dividend & earnings that can be expectedMore information
2005 World Robot Market Total world-wide sales: 126,700 units, up 30% on 2004 EXECUTIVE SUMMARY World total stock of operational industrial robots: 923,000 units, 9% greater than 2004 World market surgedMore information
10 Executive Summary. Estimated worldwide annual shipments of industrial robots
10 Executive Summary Executive Summary 1. World Robotics 2013 Industrial Robots 2. World Robotics 2013 Service Robots 1. World Robotics 2013 Industrial Robots 2012: Second highest number of robots soldMore information
International Business Strategy
International Business Strategy Executive Summary The Canadian automotive industry, and in particular the automotive component parts industry is part of the broader global industry. Canadian suppliersMore information
www.coastalsecuri es.com 1 800 489 3232
WEEKLY ECONOMIC COMMENTARY WEEK OF OCTOBER 30, 2015 The Federal Reserve s policy meeting caused a bit of a stir in the financial markets this week. To be sure, no one expected the Fed to take any overtMore information
Insurance market outlook
Munich Re Economic Research 2 May 2013 Global economic recovery provides stimulus to the insurance industry long-term perspective positive as well Once a year, MR Economic Research produces long-term forecastsMore information
Economic projections
Economic projections 2016-2019 December 2016 Outlook for the Maltese economy Economic projections 2016-2019 Economic activity in Malta is expected to remain robust over the projection horizon, supportedMore information
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39
LNG Poised to Significantly Increase its Share of Global Gas Market David Wood February 2004 Petroleum Review p.38-39 For the past few years LNG has experienced high levels of activity and investment inMore information
Management s Discussion and Analysis
Management s Discussion and Analysis 6 Financial Policy Sysmex regards increasing its market capitalization to maximize corporate value an important management objective and pays careful attention to stableMore information
The War in Iraq and the Global Economy. L. Josh Bivens Economic Policy Institute Washington, D.C.
The War in Iraq and the Global Economy L. Josh Bivens Economic Policy Institute Washington, D.C. firstname.lastname@example.com Overview The global economy is fundamentally weak, suffering from insufficient aggregateMore information
Patrick Heffer and Michel Prud homme. International Fertilizer Industry Association
A/07/06 January 2007 32 nd IFA Enlarged Council Meeting Buenos Aires, Argentina 5-7 December 2006 World Agriculture and Fertilizer Demand, Global Fertilizer Supply and Trade 2006 2007 Summary Report PatrickMore information
FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.More information
RESEARCH PERIODICAL THE ECONOMIC OUTLOOK FOR LONDON Report prepared for the City of London Corporation by Oxford Economics Published April 2013 Overview The outlook suggests that London is expected toMore information
PRESS RELEASE. Revenue as of March 31, 2011. Sharp growth in Bureau Veritas Q1 2011 revenue Revenue up 23% to 775 million Organic growth of 6.
1 PRESS RELEASE Neuilly-sur-Seine, France, May 4, 2011 Sharp growth in Bureau Veritas Q1 2011 revenue Revenue up 23% to 775 million Organic growth of 6.5% Frank Piedelièvre, Chairman and Chief ExecutiveMore information
Global Investment Trends Survey May 2015. A study into global investment trends and saver intentions in 2015
May 2015 A study into global investment trends and saver intentions in 2015 Global highlights Schroders at a glance Schroders at a glance At Schroders, asset management is our only business and our goalsMore information
Manpower Employment Outlook Survey Ireland
Manpower Employment Outlook Survey Ireland Q1 215 Country Name Employment Outlook The Manpower Employment Outlook Survey for the first quarter 215 was conducted by interviewing a representative sampleMore information
Consumer Credit Worldwide at year end 2012
Consumer Credit Worldwide at year end 2012 Introduction For the fifth consecutive year, Crédit Agricole Consumer Finance has published the Consumer Credit Overview, its yearly report on the internationalMore information
Walking the Silk Road: Understanding Canada s Changing Trade Patterns
Walking the Silk Road: Understanding Canada s Changing Trade Patterns International Trade and Investment Centre May 16, 2012 Michael Burt Director, Industrial Economic Trends firstname.lastname@example.com 200More information
Investment outlook for the balance of 2005
Investment outlook for the balance of 2005 There has been no significant change in our economic outlook over the last three months. Going overweight in Japanese and Asia Pacific ex Japan equities, takingMore information
CURRENT ANALYSIS May 2014
CURRENT ANALYSIS May 14 A Look at the Recovery of the Canadian Auto Sector since the 08-09 Recession Chart 1: Motor vehicle production and Canada & US auto sales millions of units 3. Canadian car & truckMore information
TIMING YOUR INVESTMENT STRATEGIES USING BUSINESS CYCLES AND STOCK SECTORS. Developed by Peter Dag & Associates, Inc.
TIMING YOUR INVESTMENT STRATEGIES USING BUSINESS CYCLES AND STOCK SECTORS Developed by Peter Dag & Associates, Inc. 5 4 6 7 3 8 3 1 2 Fig. 1 Introduction The business cycle goes through 4 major growthMore information
6. Economic Outlook. The International Economy. Graph 6.1 Australia s Trading Partner Growth* Year-average RBA forecast
6. Economic Outlook 6 4 0 The International Economy Overall, growth of Australia s major trading partners (MTPs) is expected to be around its long-run average pace in 015 and 016 (Graph 6.1). This forecastMore information
APRIL 2014 LIST OF MAJOR LEADING & LAGGING ECONOMIC INDICATORS Most economists talk about where the economy is headed it s what they do. Paying attention to economic indicators can give you an idea ofMore information
Why it Matters: Consumer Confidence
Why it Matters: Consumer Confidence Lesson Overview This lesson looks at consumer confidence, a closely watched indicator of the health of the U.S. economy. To begin, students complete a consumer confidenceMore information
Lesson 2. Nebraska's Role in U.S. Exports
Lesson 2 Nebraska's Role in U.S. Exports OVERVIEW: Nebraska, like other states, is always looking for ways to increase its wealth. One way to expand Nebraska markets is to increase the number of productsMore information
ABB Q3: Solid performance across the business
ABB Q3: Solid performance across the business Revenues 1 and operational EBITDA 2 higher in all divisions, net income up 10 percent Base orders 3 return to year-on-year growth, large project awards remainMore information
Why Has Japan Been Hit So Hard by the Global Recession?
IMF STAFF POSITION NOTE March 18, 9 SPN/9/5 Why Has Been Hit So Hard by the Global Recession? Martin Sommer I N T E R N A T I O N A L M O N E T A R Y F U N D INTERNATIONAL MONETARY FUND Why Has Been HitMore information
Euro Zone s Economic Outlook and What it Means for the United States
WELCOME TO THE WEBINAR WEBINAR LINK: HTTP://FRBATL.ADOBECONNECT.COM/ECONOMY/ DIAL-IN NUMBER (MUST USE FOR AUDIO): 855-377-2663 ACCESS CODE: 71032685 Euro Zone s Economic Outlook and What it Means for theMore information
Earnings Release Q4 FY 2015 July 1 to September 30, 2015
Munich, Germany, November 12, 2015 Earnings Release FY 2015 July 1 to September 30, 2015 Strong finish for fiscal 2015»We delivered what we promised, and are well positioned to deliver on our plans forMore information
Trends in Foreign Direct Investment Inflows
Trends in Foreign Direct Investment Inflows This article briefly examines recent trends in foreign direct investment in Australia, both in the context of the longer-term perspective and relative to theMore information
Macroeconomic Influences on U.S. Agricultural Trade
Macroeconomic Influences on U.S. Agricultural Trade In addition to the influence of shifting patterns of growth in foreign populations and per capita income, cyclical macroeconomic factors associated withMore information
FEDERAL RESERVE BULLETIN VOLUME 38 May 1952 NUMBER 5 Business expenditures for new plant and equipment and for inventory reached a new record level in 1951 together, they exceeded the previous year's totalMore information
Manpower Employment Outlook Survey Norway
Manpower Employment Outlook Survey Norway Q2 2015 The Manpower Employment Outlook Survey for the second quarter 2015 was conducted by interviewing a representative sample of 751 employers in Norway. AllMore information
MBA Forecast Commentary Lynn Fisher, Mike Fratantoni, Joel Kan
MBA Forecast Commentary Lynn Fisher, Mike Fratantoni, Joel Kan Stronger Data Lead to Upward Revisions in Purchase Originations Forecast for 2015 and 2016 MBA Economic and Mortgage Finance Commentary: JulyMore information
world trade report 2006
I A RECENT TRADE DEVELOPMENTS and selected trends in trade Recent Trends in International Trade 1. Introduction : trade and output grew less rapidly in 2 than in the preceding year The world economy expandedMore information
Atlantic Canada s Economic Outlook & Key Trends
Atlantic Canada s Economic Outlook & Key Trends prepared for KPMG Spring Economic Outlook MONCTON, NB May 13, 2015 Halifax 3 November, 2014 Presentation Outline 2015 Economic Outlook: Oil Price ImpactsMore information
UK Economic Forecast Q1 2015
UK Economic Forecast Q1 2015 David Kern, Chief Economist at the BCC The main purpose of the BCC Economic Forecast is to articulate a BCC view on economic topics that are relevant to our members, and toMore information
Global payments trends: Challenges amid rebounding revenues
34 McKinsey on Payments September 2013 Global payments trends: Challenges amid rebounding revenues Global payments revenue rebounded to $1.34 trillion in 2011, a steep increase from 2009 s $1.1 trillion.More information
Forecasting Chinese Economy for the Years 2013-2014
Forecasting Chinese Economy for the Years 2013-2014 Xuesong Li Professor of Economics Deputy Director of Institute of Quantitative & Technical Economics Chinese Academy of Social Sciences Email: firstname.lastname@example.com information
UK Economic Forecast Q3 2014
UK Economic Forecast Q3 2014 David Kern, Chief Economist at the BCC The main purpose of the BCC Economic Forecast is to articulate a BCC view on economic topics that are relevant to our members, and toMore information
EUROSYSTEM STAFF MACROECONOMIC PROJECTIONS FOR THE EURO AREA On the basis of the information available up to 22 May 2009, Eurosystem staff have prepared projections for macroeconomic developments in theMore information
5. Price and Wage Developments
. Price and Wage Developments Recent Developments in Inflation Inflation rose in the December quarter, following a low September quarter outcome (Table.; Graph.). Indicators of underlying inflation increasedMore information
Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)
Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock ExchangesMore information
Weiqiao Textile Announces its 2015 Interim Results
Weiqiao Textile Announces its 2015 Interim Results Seize new opportunities in new normal development phase Continued leadership against the backdrop of industry changes Financial Summary Revenue was approximatelyMore information
ECONOMIC OUTLOOK. Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption MAY 2014
MAY ECONOMIC OUTLOOK Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption THE CARLYLE GROUP 1001 PENNSYLVANIA AVENUE, NW WASHINGTON, DC 20004-2505 202-729-5626 WWW.CARLYLE.COMMore information
The following text represents the notes on which Mr. Parry based his remarks. 1998: Issues in Monetary Policymaking
Phoenix Society of Financial Analysts and Arizona State University Business School ASU, Memorial Union - Ventana Room April 24, 1998, 12:30 PM Robert T. Parry, President, FRBSF The following text representsMore information
The impact of the falling yen on U.S. import prices
APRIL 2014 VOLUME 3 / NUMBER 7 GLOBAL ECONOMY The impact of the falling yen on U.S. import prices By David Mead and Sharon Royales In the fall of 2012, Japan set forth economic policies aimed at turningMore information


text:
Early Literacy Workshops and Events
Talking|Singing|Reading|Writing|Playing Series
Early Literacy Specialists of Eastern Ontario
Writing is an important communication skill that children can start developing from birth. Research shows that handwriting is a foundational skill that can influence student's reading, writing, language use, and critical thinking. Before a child can write, they need to build many physical, cognitive and communication skills. This workshop will help you understand the various stages of writing and drawing and give you helpful hints and tips to encourage and support fine motor development in children. You will learn to create a print rich environment and integrate writing into a variety of play centres with activities focusing on different pre-writing skills for children to explore. Be ready to discover and play!
Workshop Dates/Times
Feb. 26, 2016 Deep River Public Library 1-3 pm
March 22, 2016 Renfrew Armories 1:30-3:30 pm
April 1, 2016 Petawawa Public Library 1-3 pm
June 2, 2016 County Admin Building, Pembroke 1-3 pm
July 5, 2016 Killaloe Resource Centre 1:30-3:30pm
To REGISTER please complete the attached registration form and send it fax it back to Child Care Services or call 613-732-4100 to register.

subset: commoncrawl


text:
Shop beautiful handicrafts and necessities at any of the stores or carts strategically located throughout the park.
Share your experience in Xcaret! There is free Wi-Fi at the Main Plaza and at Plus Areas.
If you or any of your companions require special attention, please contact our Customer Service Center or go to Visitor Services booth at the moment of your arrival. Let us help you plan your day and tours, as some routes are not wheelchair accessible. The rental service for wheelchairs and strollers is from 8:30 am, until the park's closing.Map for people with disabilities
If you need cash, there are ATMs located in the Main Plaza, at the park's entrance.
Showers and restrooms
Included with your admission
There are several clean and comfortable restrooms, showers, and dressing rooms distributed throughout the park. If you don't bring a towel, you can rent or buy one at the park.


text:
"The Mariner"
Click HERE for a higher resolution preview.
Here is a reproduction of a beautiful engraving where we see several terrified sailors caught in a horrific storm. The image of death is seen breaking the mast, signifying the impending demise of those aboard.
While many 18th-19th century illustrations such as these are under the public domain, this one is specially reproduced here in an atmospheric and aged quality and with gritty color tones. This print is a perfect addition to any "steampunk" or maritime collection and will look stunning in a suitable frame.
(Closeup detail.)
(Closeup detail.)
Click HERE for more information, or to order.


text:
Much has been made of the seeming unwillingness of Googles founders to take the company public. Its like they are being dragged kicking and screaming into a multibillion-dollar payday.
The lead Googlians say theyre doing the IPO so investors can cash out, but as soon as that happens they will run the company without regard to the quarterly numbers that made Wall Streets heart go pitter-patter.
So Google will be just like a private company that isnt. And the people who buy the 9 percent of Google thats hitting the public market will be treated like … well, it could be like they dont own anything! That should make for really fun annual meetings.
For more than $100 a share, I say we should let Google keep its overpriced stock. Mark my words: Google is the Netscape of the new millennium. Well, the fall wont be so dramatic—Microsoft only sort of wants Googles head on a stick—but the selling shareholders are getting out while the gettings good. Its possible all the "odd" aspects of the stock offering are just PR stunts intended to more efficiently part fools from their money.
Something else Ive noticed is the closer we get to the Google IPO the less useful Google has become. The bad guys have clearly learned to spoof the search engine, so much so that sometimes the first page or two of results are liberally salted with pages from other search engines claiming to be search results. Its also not as easy to find what I want on Google. I cant say why, but I am starting to look at using multiple search engines again. Maybe you really cant decide the relevance of a particular page based on how many other pages are linked to it.
Even the previously useful Google advertising of old now seems, likely as not, to be fill-in-the-customers-search-term-here ads from eBay and other vendors who really dont have much to offer me.
Unless Google can do something quick to dramatically improve the quality of the results it presents, the search engine is in real trouble. But not to worry—most people wont pay attention during the IPO hype-storm, and no one will understand the real mess Google seems to be in until after a cool $3 billion has left investors pockets.
Nice work if you can get it. And speaking of work, for the past few years the best and the brightest havent been going to Microsoft or to other startups (what other startups?) but to Google, where the promise of riches awaited. After the IPO, Google will become a company of haves—new houses, new cars, early retirements—and have-nots—everyone else and most future hires.
Next Page: Post-IPO atmosphere.


text:
Dealing with the inappropriate use of social media by employees is a common activity for modern employers. Two recent examples involving police officers demonstrate how employees can get into trouble.
While Facebook is a common cause of problems, with employees using it to continue spats with colleagues or air grievances about their employer, in two recent cases it was Twitter which was involved.
Twitter storm
The lessons may be obvious but it seems even senior employees, who should know better, are susceptible to the perils of social media.
It started innocently enough. Northern Ireland's Chief Constable, George Hamilton, took to Twitter late on a Saturday night to post an appeal for new recruits.
One Twitter user, apparently a police officer who suffers from depression, responded that police were expected to be social workers, paramedics and child minders as well. Mr Hamilton replied: 'I know - complex & challenging but we are here to serve so let's get on with it rather than wallowing in self-pity!' When the man denied he was wallowing in self-pity, Mr Hamilton replied: 'well you're allowed to leave & seek another job - nobody is asking you to stay. Dry your eyes, do the job or move on!'
The Police Federation for Northern Ireland, which represents more than 10,000 PSNI officers, demanded an apology for what they described as 'offensive comments' from Mr Hamilton.
Mark Lindsay, chairman of the Federation, said: 'The pressures our officers endure are nothing short of monstrous. The Chief Constable knows the extent of the problem - we have highlighted it often enough - which makes his remarks all the more bewildering.'
In a video statement posted on Twitter later on Sunday afternoon, Mr Hamilton said: 'Last night's frank Twitter conversation was about what the police actually do. However, such important issues are not best dealt with in the 140 characters of a tweet. I've clearly caused some offence from what I said and, for that, I apologise. ....'
Whilst Mr Hamilton's comments may have not have amounted to gross misconduct, it was far from textbook employee engagement. He was right about one thing though - Twitter is not the place for complex discussions given its character limit.
Inappropriate comments
The second case involved another policeman, Pc Graham Wise, who tweeted abuse about celebrities and, as a result, was summarily dismissed by Cleveland Police after being found guilty of gross misconduct.
In various tweets, he called former EastEnders Daniella Westbrook a 'washed up cokehead with one nostril', commented unfavourably on the tennis player Nick Kyrgios and called boxer Anthony Joshua's opponent Dillian Whyte, among other things, 'a deluded idiot'.
The officer had previously worked in Stockton, Teesside, and had policed the estate where the Channel 4 show Benefits Street was filmed. He tweeted to the Gazette newspaper saying 'bulldoze it, preferably with the majority of people still inside it'.
Pc Wise faced numerous difficulties in his disciplinary hearing:
- although he thought only his 170 followers, made up of family and friends, could see his tweets, he used hashtags so they were accessible by the public;
- some of the tweets made it clear he was a serving officer, including one which referred to him working at the force HQ; and
- when he was asked by the disciplinary panel if he was at HQ when he sent the tweets, Pc Wise replied: 'I will have either been in the canteen or the kitchen next door.'
So although he wasn't on duty when he sent the tweets, the disciplinary panel found that Pc Wise's conduct fell below standards of professional behaviour, respect and courtesy.
Tips for employers
- An inappropriate response to an employee's social media activity could result in legal liability for unfair dismissal so avoid knee jerk reactions and ensure any suspected misdemeanours are properly investigated just as any other disciplinary matter would be.
- It is not inevitable that an employee's comments on social media will negatively impact on the employer's reputation or brand. Factors which should be considered include: what has been said, who has or is likely to read the post, has anyone complained, is it clear from the post that the individual is an employee of the organisation, was the post made during working hours, was the post made on a personal account or a work account?
- Employees need to understand what is and is not acceptable from the employer's point of view. A comprehensive social media policy which is properly implemented and explained to staff is a must.
- Younger employees who have grown up with social media may have a different attitude and experience to those older employees who have not. It is down to the employer to educate staff about what is acceptable professionally. This will need to be done through training and management.
- It may also be helpful to refer to social media in other policies such as the equality and diversity policy.
- Some employers may consider it appropriate to include express provisions in contracts of employment or to specifically refer to social media abuse as a potential act of gross misconduct in disciplinary procedures.
- The trouble with social media is that it blurs the line between the public and the private, the informality of the medium can lull people into saying things they would not do in a face to face professional situation. It may therefore be necessary to repeatedly remind employees where the boundaries are, from the employer's perspective.
This document is for informational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given.


text:
Member Since: January 2, 2014
Country: United States
News - Enginursday: Bling in the… about 5 years ago
Wow, this looks really exciting. I am hoping to collaborate this semester with our home economics teacher (I am a technology teacher) to do some Sew Electric Curriculum. I would love to try out this kit and book in our classrooms. My middle schoolers would totally be into it and we hope to show our work at the museum for our annual district art festival.
No public wish lists :(


text:
Ramadan - The Month of Blessings
June 23, 2014
Ramadan is a holy month for approximately 1 billion Muslims around the world. It is considered as the month of blessings. The Islamic calendar also known as the Hijri calendar is a lunar calendar. It contains 12 months which are based on the position of the moon. Since the 12 synodic months only total (12 x 29.53=) 354.36 days, the Islamic calendar is shorter than a tropical year, and therefore it varies from the Christian calendar. The calendar is based on the Qur'an, the main religious text of Islam, and its observance is a fundamental duty for Muslims.
Ramadan is a month where Muslims practice daily fasting, which begins at dawn and ends at the beginning of sunset. This month is a Holy month where Muslims practice our faith. Also this month is known as the month where God has sent us the Quran.
During Ramadan we are not only being asked to not eat and drink, we are asked to speak no evil and do no evil. We are asked to think about and give to the poor and to remember how blessed we are with all that we have. We are asked to volunteer in organizations, focus on the spiritual and practice self-control. Mosques from around the world will read the complete Quran during Ramadan. For many people Ramadan marks the beginning of working on becoming a better person and becoming closer to God. It is well known that during Ramadan many people will focus on and improve their physical and mental health.
During Ramadan we have large gatherings of family and friends. We all come together before breaking our fasts. The first meal is called Iftar, breakfast, the first meal we take after the sun has set. The time for "Iftar" changes daily. It is announced by the call for prayer and there is a cannon shot at the same time. These events signal it is time to break the fast. These meals begin mostly with some milk or water and dates and then expand into large main dishes that have been prepared during the day. After Iftar we find all different kinds of desserts. During these gatherings we are sharing our food and our space with people, and we enjoy our time together as family. In the hour before dawn people likely have the "Suhoor" meal. This is a light meal taken before dawn whereby we begin our cycle of fasting again.
Ramadan ends with a holiday called "Eid el Fitr". If we translate this literally, it is "Festival of breaking the fast". This holiday celebrates the end of the 29 or 30 days of sunrise-to-sunset fasting during the month of Ramadan. This holiday is one of the two most important holidays in the Islamic calendar. It is celebrated over three days. During Eid el Fitr people decorate their homes with all kinds of decorations, the children are typically given presents and lots of sweets. People dress up and enjoy their time with family and friends.
Further Resources on Arabic Language Translation
Globalization Partners International (GPI) has extensive experience localizing marketing materials, technical documents, and large, scalable websites into the Arabic language. We have previously posted a number of useful guides to best practices in this area. Feel free to review our blogs that are particularly relevant:
- Arabic Translation and Localization Challenges
- Translation, Arabization and Advertising Copywriting
- Appropriate Arabic Language Usage for Advertising
- Arabic Website Translation Best Practices
You may contact GPI for translation services requirement at firstname.lastname@example.com or in the USA at 1-866-272-5874 and in Dubai at +971 502980651 with your specific questions about this market and your project goals. You may also request a complimentary Translation Quote for your project as well.
- Category:
- Culture Curation
- Tags:
- Ramadan, Traditions, Culture, Arabic
Culture and E-Business in Japan - InfographicInsights Into IRCE 2014
Currently, there are no comments. Be the first to post one!
Farah Fathy - Global SEO Specialist
Farah is a native Arabic speaker born and residing in Cairo, Egypt. She received her degree in Commerce and English from Ain-Shams University studying marketing, management, economics and accounting. Her experience includes working in various specialties in global digital marketing with specific training in Link Building, Website Traffic Analysis, On-page Optimization and Off-page Optimization as well as standard Social Media Marketing. She is skilled in a variety of tools including Adobe Photoshop, Adobe Light Room and SEO tools such as Google Keyword Planner, SeoMoz, Opensite Explorer, Google Analytics and Webmaster Tools. She enjoys playing sports such as swimming and basketball and loves to read in her spare time.


text:
This is not based on a true story. Nope.
I think the linux version of that program that I use has -xv stuck on.
It's a fairly common problem… are you logged in as a regular user or an admin?
© 2011. The Apple of Discord (redux). | All Rights Reserved.
WordPress Theme originally by SN Design and Frontend development.


text:
Solofill 3 Chrome Refillable K-Cup® Filter
- Reduces waste
- Use your favorite coffee
- No need to remove the filter basket
- Built-in ultra-fine stainless steel micro mesh filter
- Decaflo-Plus Spray Head
- One Piece Design
- Hinged Lid
- Smooth Internal Surface for easy cleaning
- 100% BPA Free
- French Press flavor from your Keurig® Brewer
- Use loose leaf teas
Compatible with:
All first-generation Keurig® K-Cup Brewers, K-145 OfficePRO®, K-155 OfficePRO®
Cuisinart® SS-700, SS-780PC
Breville® BKC600XL, BKC700XL
Mr. Coffee® BVMC-KG1, BVMC-KG2, BVMC-KG5
Not compatible with Keurig 2.0 K-Cup® Brewers
The Solofill® 3 Chrome reusable K-Cup® filter works with all first-generation Keurig® K-Cup® coffeemakers including the K-145 and K-155 OfficePRO®. There are a few very terrific features designed into the Solofill® 3 Chrome Refillable K-Cup® starting with the hinged lid. The hinged lid offers long-life to the Solofill 3. Use any ground coffee or loose leaf tea and never worry about running out of filters. The Solofill® 3 uses a ultra-fine, permanently mounted, micro mesh filter fused into the 100% BPA-free refillable K-Cup® filter. Think of the number of K-Cup® Pods that will not go to landfills when using the Solofill 3 Chrome refillable filter with your Keurig® brewing system. Moreover, the smooth internal surface makes cleanup a snap. The Solofill® works just as well with loose leaf teas and soft pods too.


text:
Grass Green Stockings
Eleanor Hubbard
- The Business and Household Accounts of Joyce Jeffreys, Spinster of Hereford, 1638-48 edited by Judith Spicksley
Oxford, 413 pp, £90.00, March 2012, ISBN 978 0 19 726432 4
In June 1646, Joyce Jeffreys lost her spectacles. When a servant found them, Jeffreys tipped her sixpence, and then the elderly gentlewoman, following her habit, entered the expense into her account book. Between 1638 and 1648, Jeffreys kept a record of all her receipts and expenditures, noting them in a neat, regular hand. While we know little of her early life – when she was born, for example, or why she never married – we know a great deal about her business dealings, friendships and pastimes during her later years. Jeffreys never learned the double-entry bookkeeping practised by merchants, and her methods were so idiosyncratic it's impossible to tell how much she was worth at any given moment. But the figures she recorded add up to a valuable sum: the portrait of a spinster at a time when unmarried women were socially invisible.
Or were they? To history, perhaps, but not to their neighbours. Jeffreys frequently recorded tipping the servants who brought her presents from the local gentry – venison, a turkey cock, cherries, a salmon. These weren't charitable donations, but tokens of esteem, and she reciprocated, sending gifts from her farms: 'my Lady Cornwall' was given eight muscovy duck eggs and Ursula Vaughan received 'a baskitt of apricocks'. These sociable exchanges were at least as important to the servants who trundled back and forth with the presents as they were to the recipients: tips were a cherished perquisite and all those sixpences added up. Gifts were exchanged all year round, but were most common at New Year: sugar loaves and scented gloves for friends and family, and tips for servants, fiddlers and children. Even on Valentine's Day, Jeffreys played her part. She wasn't a young woman – she was at least 55 when the records start – but that didn't prevent her from being visited by an admirer or two. In 1641, she gave a shilling to Mr Tom Aston and Mr Dick Gravell, who, she wrote, 'cam to be my valantine'.
As a single woman, she couldn't attend female neighbours who were giving birth, but she would send money to midwives and nurses. When her niece produced twins, Jeffreys stood as godmother to 'little Joyse Walsh', giving the baby an expensive silver tankard. She also gave money to the nurse who cared for the other baby, a boy, noting sadly in the margin of her account book his death at only 'nine weecks ould'. Jeffreys was particularly attached to Beatrice Ailway, the daughter of her former servant Anne, buying some crimson cloth for the first coat 'that ever she ware'. She liked to see children dressed in bright colours, and later gave Beatrice gowns of scarlet, orange and green.
As well as gifts to peers and dependants Jeffreys also made regular if not especially generous charitable donations: she paid eight shillings a year for the poor of her parish, All Saints, Hereford, fulfilling her obligation under the Poor Laws. Parish rates were supposed to provide for the deserving poor, cutting out the need for begging, but they were rarely sufficient and older forms of informal charity remained necessary. It was usual to hand out alms of food and drink at the door, and Jeffreys often gave beggars a few coins. She gave fourpence to 'a poore man that keepes the dogges out of the church', and tuppence to 'a poore woeman of Harpley that had the pallsey'. Some of the people she gave money to were ill, bound for hospital or the curative waters of Bath; one was blind and another was mad; some had been hurt in fires or been shipwrecked; others were simply poor.
The full text of this book review is only available to subscribers of the London Review of Books.
You are not logged in
- If you have already registered please login here
- If you are using the site for the first time please register here
- If you would like access to the entire online archive subscribe here
- Institutions or university library users please login here
- Learn more about our institutional subscriptions here
Vol. 35 No. 6 · 21 March 2013 » Eleanor Hubbard » Grass Green Stockings
pages 40-41 | 2877 words


text:
A silver plated Electric CANDELABRA from a Royal Navy vessel or possibly from The Royal Navy College at Greenwich. The scroll branches have hexagonal drip pans issuing from a fluted column with the Royal Navy Anchor motif applied at center. The column sits on a large 'weighted' base with Art Deco circular steps. The Candelabra with it's shades is 19" in height and 14" across with the base having a diameter of 6". The base has suffered from 'polishing' over the years resulting in the silver plate being worn through to the brass under.The shades are not the original ones.
Very nice piece of Royal Naval memorabilia from the early 1900's.
27 other shoppers are interested in this item
At Molloy's MEGA ANTIQUES CENTRE, Takapuna, Auckland, New Zealand
# # # OPEN For Online Orders & Queries NOW & Right Through The HOLIDAY PERIOD # # #


text:
Justitia Omnibus
Henri's Hubcaps
This building, covered with old hubcaps along the outside, used to be an auto parts store owned by a Haitian immigrant named Henri Laurence. When his cousin Renee "Momma Voodoo" DuPuycame to town a year ago, however, Henri left town. Last thing he said was he had given the shop over to his cousin, and he couldn't be around anymore. His friends recall he seemed scared, but no one was sure why. They say he went back to Haiti. No one's really sure what happens at the old hubcap store anymore, but folks in the neighborhood claim that there are all sorts of strange occurrences there now, especially at night.


text:
« More on the immigration order | Main | Two things law schools should focus on that will help them stay open and thrive »
Monday, January 30, 2017
Holocaust, Shoah, and unique group experiences
Lost amidst President Trump's offending Muslims the world over was his offending many Jews with his Holocaust Remembrance Day Statement. The statement spoke of the "depravity and horror inflicted on innocent people," without mentioning that more than half of those, the primary targets, and the raison d'être of the Nazi efforts, were Jews. Spokesperson Hope Hicks defended the statement by pointing to the 5 million victims of other groups, including "priests, gypsies, people with mental or physical disabilities, communists, trade unionists, Jehovah's Witnesses, anarchists, Poles and other Slavic peoples, and resistance fighters." Chief of Staff Reince Priebus tried to do the same on Meet the Press on Sunday, producing a fascinating three minutes of video (after the jump) in which he stares blankly ahead while concocting a word soup of adjectives to describe the Holocaust, including "horrible event," "miserable time in history," and "extraordinarily sad." All without ever saying, explicitly (as opposed to blandly agreeing with Chuck Todd's premises) that Jews were the central victims.
Jewish groups were outraged. Stripping away its uniquely Jewish nature is an element of denial--"many people died, not only Jews, and it entailed nothing programmatic or unique to history. And it divorces the event from 2000 years of unique anti-Semitism that made it possible. Fortunately, Preibus reminded us that Trump has Jewish family members, which will be his get-out-of-jail-free card for the next few years.
The question of universalizing affects what we even call this thing. I prefer the Hebrew word "Shoah" (literally, "destruction" or "total destruction"), although that word could isolate the event, and its victims, from the rest of the world and of world experience (not unaided by that historic anti-Semitism). On the other hand, a generic English word such as "Holocaust" allows for the Jewish element to be ignored, perhaps for those same reasons, just as Trump did here.
Updates: First is Deborah Lipstadt in the Atlantic, labeling this "de-Judaization of the Holocaust" as "softcore denialism."
Second is WH Press Secretary Sean Spicer, who was beyond annoyed by people nitpicking of the statement, insisting it had been "praised" (without mentioning by whom) and arguing that President Obama's "anti-Israel" policies of the last eight years are a bigger deal than a statement remembering the Holocaust. Three remarks. First, Spicer makes me long for Ari Fleischer. Second, every statement from the White House trying to defuse this keeps coming back, without acknowledging (or maybe even recognizing), the problem--that the statement is troubling because its memory of the Holocaust is historically wrong in significant ways that play on anti-Semitism. And third, the downshift of how much Trump loves Israel, because: 1) Israel is not the Holocaust and 2) what Trump loves is Benjamin Netanyahu and his government--which is not "Israel" in the same way that Donald Trump is not "America."
Posted by Howard Wasserman on January 30, 2017 at 01:15 PM in Howard Wasserman, Law and Politics, Religion | Permalink
I don't like Shoah or Hebrew-isms in general. The people that died had the same relationship to Hebrew as devout Catholics had to Latin circa 1960. It was a dead liturgical language, it wasn't they live their lives in. That was most often Yiddish, and sometimes Polish, Russian, German, Romanian, etc.
Israelis, and Modern Hebrew is an Israeli language, ought not to be allowed to claim as their sole inheritance all things Jewish. We Jews of America are just as much heirs to thousands of years of tradition as they are.
Posted by: brad | Jan 30, 2017 2:10:06 PM


text:
Thursday morning we woke up bright and early to attend a session at the Manhattan Temple. We were so close from missing the session. We hightailed it off the subway and ran through the streets. By the time we got there we were dripping with sweat. It was awesome....... Luckily we made it in just the nick of time.
^^^ This temple is up there in my top three favorites. ^^^
After the Temple we walked over to Levain Bakery. They bake the thickest, gooiest, yummiest double chocolate chip cookie in the world. We bought a couple and snacked on them throughout the remainder of the trip. We met back up with Aaron, so he could show us some more of the city. We found the most adorable children's boutique, called Piccolini. We bought Penelope the neatest wooden toys that resemble New York City. At night they even glow in the dark. We had finally found the perfect gift to take back to her. I still remember every trip my parents went on and looking forward to see what they had brought me back. I couldn't wait to do the same.
^^^ We went to Rice To Riches, a tapioca bar, featured in the movie Hitch. It was delectable. ^^^
We didn't stop their, at our daily sweet intake. We walked to MILK, which serves all sorts of cookies, cake truffles, and frozen yogurt.
^^^ We also enjoyed the juiciest mango from a street vendor. ^^^
Before dinner we wanted to check out Washington Square Park. It was such a beautiful park. I could have stayed there all night.
Our friends Breton and Jen flew in for their 10 year Anniversary with their friends Tiff and Rob. When we originally planned our trips, we had no idea that we would be there at the same time. Since we were both going to be in NY, we had to meet up. We all went to dinner at Otto again. It was especially fun for Rob, because he served his mission in Italy.
After dinner we went and got the ever so famous frozen hot chocolate from Serendipity. The restaurant was darling. I love the movie Serendipity, so that made it all the more fun. The frozen hot chocolate, honestly was not that great, but their ice cream sundaes were delicious.
Friday morning Tyson and I parted ways, so that he could attend Aaron's bachelor party. Luckily Breton and Jen let me tag along with them for the day. I met them down at ground zero. I didn't realize you had to have a ticket to get into the 911 Memorial, so I sadly wasn't able to see the fountains. I was still taken back, at the feelings that surround that place where the Twin Towers once stood. I can't imagine what those families had to go through and our still going through. I am grateful for a country that stays strong through tragedy and for all those who have shown great perseverance.
On our way to the Staten Island Ferry we stopped to watch some street performers. I give them credit for the way they make a living.
I had seen the Statue of Liberty when I was younger, so the free ferry ride was a perfect way to get a good view of Lady Liberty, without having to wait in a long line.
^^^ The view of the city was breathtaking. ^^^
I met back up with Angelica for an evening of fun. We started out with appetizers at Murray's Cheese Bar. They served us three different kinds of cheese from around the world, with prosciutto, salami, and kale caesar salad. It was delish. We walked to dinner and picked up some macaroons on the way, from Sugar Plum and bisousciao. Salted caramel and pumpkin were my two favorites.
Angelica is a total foodie like me. It was awesome to spend time with someone who enjoys food as much as I do. Aaron and Tyson aren't big fans of Italian food, so what do we do when they were gone, we eat Italian. The restaurant Bar Pitti, was ridiculously good. They served fresh pasta and all of the waiters are straight out of Italy. The pesto was indescribably tasty.
As if we hadn't already eaten enough, we had to make one last pit stop to Molly's Cupcakes. They won Cupcake Wars. We shared the peach cobbler cupcake and the birthday cake batter cupcake. These cupcakes were so moist and had yummy fillings in the center.


text:
Thursday, November 3, 2011
The Ulitmate Triple chocolate Fudge Brownies : a slice of chocolate heaven
Do you have a no-fail, awesome, super fantastic, kickass brownie recipe that knows how magical a brownie should be? a brownie that is so chocolatey and so addictive, you will want to have more. i do! i so absolutely do! This recipe yields a fudgy brownie that develops a gorgeous crackly skin. This brownie has the right amount of chocolate in it : Excess!! :) it uses three kinds of chocolate and hence the name. Too much of good chocolate is definitely not a bad thing. not here. need proof? try this recipe. there will be no turning back.
I added chopped walnuts to give it a classical twist. You could easily do without it or add other nuts like pecans and still be wowed by the result. this is that good!
Recipe adapted with changes from here
- Preheat oven to 175 C and line an 8*5 tin with foil or baking paper.
1 cup AP flour
3 eggs
95 g butter
1 teaspoon salt
little less than a cup of sugar
Chocolate extract (i used Guindija)
3 tablespoons Cocoa powder
two squares or 20 gm of dark chocolate - i used Lindt 85% cocoa
160 g semisweet chocolate
Melt the chocolate (dark chocolate and semisweet chocolate) and butter in a bain-marie. Once melted, take off the bain marie and add the cocoa powder and mix well.
Blend the egg, sugar, vanilla extract and salt on low for about 20 seconds.
Add the cooled chocolate mix to the egg mix and blend for 10 seconds or so to incorporate.
Fold in the flour with a spatula.
If you are adding chopped nuts, fold in the nuts at this stage. Pour into the prepared tin and even out the surface.
Bake for 25 to 30 minutes or till the inserted toothpick comes out with a few crumbs sticking to it, but appears cooked.
Let it cool before cutting into squares. I cut 16 generous squares.
Result: Very happy, high-on-chocolate people!
8 comments:
can i please come and live with you? :)ReplyDelete
These look really chocolate-y! I remember you said this is ultimate so I guess this brownie recipe is really for a chocolate addict like me. My daughter can't wait to grab a bite, or more perhaps. Lovely!ReplyDelete
Hey..First time here..Brownie looks perfect and mouthwatering..ReplyDelete
@The dangerous mind: Please! by all means! :)then we have Mediterranean meals topped off by brownies and gelatos! Deal?ReplyDelete
@Myfudo: Thank you so much!:) I hope you and your little girl like it as much as we did. There are 3 kinds of chocolate used, but it is perfect without being overpowering
@Tina: Hi! Thank you for the kind words! :)
Your brownies look awesome! I have a favorite recipe that I've adapted on my blog to pair with other flavors a few times. Still, I like how yours has 3 different types of chocolate (the more the merrier!)ReplyDelete
Lovely delicious n mouthwatering brownies..yummy!!ReplyDelete
First time here,glad to follow you :-)
Do drop by my space n hope u'll follow my space as well..
@Courtney: i so agree! Indeed the more, the merrier! :) The best thing here is, the balance is good. would like to try ur brownie recipe too :)ReplyDelete
@Julie: Thank you for the kind words!
Bargain Online for the best hotels at MyDeals247.comReplyDelete
For more please watch the video..http://www.youtube.com/watch?v=UWigWICKsII


text:
HTC's monstrous 4.7 inch, Beats filled Sensation XL has made it's debut today in the UK, in both subsidised and sim free fashion.
Available on contract from Three, the phone will be available for free with a new two-year, £40 per month contract which includes all you can eat data. For those of you who fancy some Beats action but not the contract, Clove are also offering the device from today sim free and unlocked for £486.
The XL comes out of the box running Android 2.3.5, Sense 3.5 and packs a 1.5Ghz CPU. But don't forget about the Beats though, and those Beats headphones. Check out our hands on with the device at its launch in London at the link below.


text:
The Settlement creates a one hundred and twenty five million U.S. dollar (US$125,000,000) Settlement Fund (less attorneys' fees and costs set forth below) to be used for the benefit of the Class to pay for the repair of buildings, residences, homes or other structures plumbed with the Kitec System. Any money paid from the Settlement Fund to members of the Settlement Classes will be paid in the class member's local currency. The Plan Of Allocation describes the amounts and conditions of the benefits to the Class. NOTE: To be eligible to receive any money from the Settlement Fund, you must complete and submit the Claim Form accompanying the Notice available on the Case Documents page. The claim filing deadline is January 9, 2020. After the Claims Deadline, any funds remaining in the Settlement Fund after all payments to those Class Members filing proper Claim Forms, will be returned to the IPEX Funding Entities. Claims made after the Claims Deadline will be rejected.
To apply for payment under the settlement, you must submit a properly completed and timely Claim Form. Claim Forms are available at the following link: Claim Form or you can fill out the "Request Notice Packet" section on the top right of any page.
Please navigate to "Completing the Claim Form" at the top of the page for more information.
Claims may only be filed by eligible persons defined as: all persons that own, have owned, lease, or have leased, and all those who have or may pursue claims through or in the name or right of them, buildings, homes, residences or any other structures in the United States (excluding the Clark County, NV class) and Canada that contain, or at any time contained, the Kitec System.
Excluded from the Settlement are all Persons who properly executed and timely submitted an Opt Out Form.
Clark County, NV properties are excluded because they are included in a separate class action suit. To find out more information regarding the Clark County settlement, please visit www.plumbingdefect.com.
The Kitec pipe is typically blue in color for cold water applications and orange in color for hot water applications. The pipe is usually marked with one of the following brand names; Kitec, PlumbBetter, IPEX AQUA, WarmRite, Kitec XPA, AmbioComfort, XPA, KERR Controls or Plomberie Améliorée. Where the fittings are visible look for the words Kitec or KTC on them. The terms CSA B137.9/10 or ATSM F1974 could also indicate that you have a Kitec system. Often, the best places to look for the Kitec system is near the hot water tank or in the mechanical room where the pipe is connected to or exits the walls. Also look under kitchen sinks or bathroom vanities, where the pipe and/or fitting exits the wall.
Samples of the Kitec pipe and fittings can be viewed here.
The claims filing deadline is January 9th, 2020 which is 8 years from the effective date of the settlement.
If you are unable to provide a sample, you can still send in a claim form but you should state the reason for why you cannot do so on your claim form and that will be considered with your claim. You should also send documentation showing proof of installation, repairs, or replacement of your Kitec pipe or fittings.
Yes. If you have not experienced a leak, you should still file a Claim Form. If there are sufficient funds remaining at the end of the claims filing period, you might be eligible for some compensation. How the funds are distributed at the end of the claims filing period depends on the sufficiency of the funds but will most likely be on a pro rata basis to all those who filed a valid claim.
If after you have filed a Claim Form, you experience a leak, you should file a second Claim Form with information regarding the leak and any related repair or replacement expenses.
Yes. Even if you completed the repairs and/or replacement of the system yourself, you can claim under the settlement. Documentation still needs to be provided for the repair/replacement, as well as proof that you had KITEC pipes or fittings before installation of a new system.
Yes, cities can file claim with respect to municipal buildings that are not privately owned.
Yes, insurers or other persons with subrogated claims can file a claim under the settlement. The insurer or other persons with subrogated claims must specify the property with respect to which the claim applies and provide documentation establishing that it can file a claim in respect of that property.
You should file another Claim Form and indicate on page 3 of the Claim Form that you have previously filed a claim. You should attach the relevant documentation in respect of the new leak only.
No, you should file a claim with respect to any leaks experienced with respect to your Kitec pipe or fittings.
Per the plan of allocation, a payment will occur per each qualified leak experienced. The payment is approximately one half of the estimated costs to repair or replace the affected fitting or pipe. Payment amounts will be based on how the KITEC pipes/fittings were installed. On your Claim Form you will need to specify whether the pipes are:
For additional information please visit navigate to "Case Documents" at the top of the page and read the "Plan Of Allocation".
Depending on the volume of claims and fund sufficiency the amount of the initial payment might be increased before the end of the claims period. If this happens and you have already filed a claim, you will receive a supplemental payment.
At the end of the claims period, assuming there are funds remaining, you will receive a supplemental payment. Depending on fund sufficiency the supplemental payment might include your full costs of repairing or replacing the affected fittings or pipe and the costs of a complete replumb. It is therefore important that you provide complete information with your Claim Form.
You should file a Claim Form and include documentation showing that you were required to replace your Kitec System and the costs of the replumb.
Depending on fund sufficiency you might be eligible for compensation at the end of the claims period or possibly earlier.
Filing a claim in this settlement does not compromise your rights to pursue legal action against a third party for certain forms of improper installation (such as a nail in the pipe, etc).
Claims in the Kitec litigation did not include any allegations or evidence of health issues or impact and we know of none. Health issues are not covered by the settlement.
Inspectors should inform clients of the settlement and advise them to file a Claim Form even if they have not yet experienced a leak.
The laws regarding the disclosure of information to potential buyers and/or subsequent owners vary depending on the state or province. If you are planning on selling your home and have a Kitec System, you should consult with a real estate lawyer in this regard.
If you have filed a Claim Form, you must advise potential buyers and/or subsequent owners that you have filed a claim and the terms of the release (as disclosed in the Agreement).
Yes. If the problem is with KITEC pipes or fittings you should have a licensed plumber look at your pipes and replace the defective pipes or fittings. You should also file a Claim Form in order to be eligible to receive payment under the settlement. Please navigate to "Completing the Claim Form" at the top of the page for more information.
If you suspect a problem with your Kitec pipes or think they might be defective, you should have a licensed plumber inspect them. Even if you have not had any repairs or damage, you should register yourself in the settlement by filling out and submitting a claim form. Please navigate to "Completing the Claim Form" at the top of the page for more information.
You should continue to monitor your Kitec System. The first sign of failure for the fittings is a buildup of white residue on the outside of the fitting. The first sign of failure for the pipe is a blackening of the pipe and/or a bulging of the pipe. Typically problems occur first near the hot water tank.
You may obtain specific details about the Settlement itself by contacting the Settlement Administrator via telephone (1-877-337-1293) or at the address below. Additionally please visit the Case Documents page for relevant case information.
If the condominium association is the entity that would be responsible for the plumbing of the condominium project then they would be able to register with the claims administrator. However, if the residents would be responsible for the plumbing, then the individual should file a claim. In both cases, the Condominium Agreement should be submitted with the claim form.
Copyright © 2018 CAC Services Group, LLC. All Rights Reserved.