A writefree. Production
Title Energy and the environment not opposed published to writefree.
Report sent to writefree. about Energy and the environment not opposed
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A Hopeful story ... via Bloomberg, China is supposed to have the most money in the world ...
It appears that, in the incoming Obama administration, it will be hard to tell the difference between the people making energy policy and the people making environmental policy. Which means that we will be fortunate to be governed by people who know that the two are one and the same.
The fatal flaw of American leadership, such as it was, over the past 30 years has been the idea that the goal of building up an adequate and secure energy supply is at cross-purposes with the goal of preserving a clean and sustainable environment.
Nothing could be further from the truth. And that is a truth realized by the appointment by President-elect Barack Obama of four leaders of his energy/environment team. The choices show an understanding that if we crack one nut, we’ll have cracked them both.
It is a team that continues a somewhat controversial streak of bringing back high-ranking officials of the Clinton administration, but it goes on to do the Clintonistas one better. While one Clinton administration official — Vice President Al Gore — was awarded a Nobel Prize seven years after leaving office, Obama’s team will begin its administration with a Nobel Laureate in the Cabinet.
That would be Energy Secretary-designate Steven Chu, Ph. D., administrator of the Energy Department’s top-drawer Lawrence Berkeley National Laboratory at the University of California, where he is also a professor of physics and biology. He shared the Nobel in 1997 for figuring out how to cool and trap atoms with laser light. In recent years, though, he has turned his attention to finding new sources of energy to curb global climate change.
On resume paper, at least, Chu recalls the statement by President John F. Kennedy, who greeted a gathering of Nobel Prize winners by saying it was the most brain power ever assembled at the White House, except for the days that Thomas Jefferson dined alone. That doesn’t mean Chu, a Washington outsider with no political background, will be a success in running the bureaucracy of a Cabinet department. But he won’t be dining alone.
Obama is also bringing back Carol Browner, who ran the Environmental Protection Agency for the whole of the Clinton administration, as White House energy boss. And Browner will bring along two of her former EPA staffers, Lisa Jackson, to run that agency, and Nancy Sutley, to run the White House Council on Environmental Quality.
Giving someone with a long environmental background the White House energy portfolio shows that, even if Obama doesn’t have the answer, he grasps the question. Huge portions of our environmental woes, from old-fashioned water pollution to new-age climate change, stem from our dependence on what are essentially 19th century energy models — drilling, mining, burning and breathing hydrocarbons. And every proposed remedy to that problem has been strenuously, and often honestly, opposed by fears that cutting back on those habits can only lead to economic ruin.
Obama, on the other hand, has shown that he understands the need to grow the economy, not kneecap it, by embracing whole new models of energy production. Now it will be up to deep thinkers like Chu, and policy experts like Browner, to make that understanding a reality.
Presidential Debate: Did Anyone Else Hear McCain Say, ‘No one can be ...
... Jim Lehrer’s work to keep the discussion away from energy and the environment ... I have voted for alternate fuel all of my time and no one can be opposed to alternate energy!
more ...
go to website
Cached
Erik Fleming for U.S. Senate - The Issues
I am not opposed to charter schools, especially if there is true community input into ... ENERGY/ENVIRONMENT
more ...
go to website
Cached
Environment & Energy Bill Positions
Bill Positions > Environment & Energy. You can access a breakdown of bills by ... SB 431 : Natural Resources - Forest Conservation Act - No Net Loss of Forest: Oppose: SB 442: Environment ...
more ...
go to website
Cached
The Gavel » Blog Archive » The GOP Energy Plan: ‘None of the ...
... our national security. And each time, a majority of House Republicans voted no. ... by Office of the Speaker and is filed under Consumer Protections, The Environment, Energy ...
more ...
go to website
Cached
Environment
How would you rate the condition of the natural environment ... Energy problems: 11: 7: 10 : Pollution (misc.) 7: 8: 7 : Toxic substances ... Would you support or oppose this system?". Support: Oppose ...
more ...
go to website
Cached
Road threatens 6,000-year-old antelope path
All the bottlenecks have private homes that squeeze the path but are not dense enough to sever the migration route, according to Berger. ... Cubin, the state’s lone representative in the House, suggested she would be opposed ...
more ...
go to website
Source: MSNBC
NewsDateTime: 23 hours ago
Obama for president
Our preference for Obama is not based only on matters of character, intelligence and calm. It also flows from his superior positions on such basic issues as war and peace, energy and environment, the ... that threat cannot be successfully opposed by ...
more ...
go to website
Source: Buffalo News
NewsDateTime: 12/21/2008
Bill Richardson on greening SUVs
... administration, and has aggressively pushed clean energy as governor of New Mexico. But some greens might not care ... I was also probably one of the most active pro-environment ... And I opposed giving a tax incentive in New Mexico to just a ...
more ...
go to website
Source: Salon
NewsDateTime: 12/21/2008
The Problem Is Empire
... by oil, combined with robust domestic initiatives on healthcare or the environment or ... Our government is opposed to democracy on our borders if those democracies reject ... on every foreign policy issue but because I think we need to unleash the energy ...
more ...
go to website
Source: Common Dreams
NewsDateTime: 12/21/2008
American bummer in Bali
... from the Bush administration had made it clear that the United States will not ... Among their evidence is the energy bill, passed by the House on Thursday, which ... The bill, opposed by oil, utilities and manufacturers, faces an uphill battle in the ...
more ...
go to website
Source: Salon
NewsDateTime: 12/20/2008
It is a team that continues a somewhat controversial streak of bringing back high-ranking officials of the Clinton administration, but it goes on to do the Clintonistas one better. While one Clinton administration official - Vice President Al Gore - was awarded a Nobel Prize seven years after leaving office, Obama’s team will begin its administration with a Nobel Laureate in the Cabinet.
That would be Energy Secretary-designate Steven Chu, Ph. D., administrator of the Energy Department’s top-drawer Lawrence Berkeley National Laboratory at the University of California, where he is also a professor of physics and biology. He shared the Nobel in 1997 for figuring out how to cool and trap atoms with laser light. In recent years, though, he has turned his attention to finding new sources of energy to curb global climate change.
On resume paper, at least, Chu recalls the statement by President John F. Kennedy, who greeted a gathering of Nobel Prize winners by saying it was the most brain power ever assembled at the White House, except for the days that Thomas Jefferson dined alone. That doesn’t mean Chu, a Washington outsider with no political background, will be a success in running the bureaucracy of a Cabinet department. But he won’t be dining alone.
Videos from YouTube
Title: Yes We Can - Barack Obama Music Video
Categories: Obama,election,News,speech,vote,will.i.am,democrats,president,primary,caucus,Barack,
Published on: 2/2/2008 2:57:48 AM
Title: "I Got a Crush...On Obama" By Obama Girl
Categories: election,barack,song,on,obama,hot,hillary,amy,Comedy,2008,amber,ettinger,sexy,darren,daulton,girl,lee,crush,NextNewNetworks,campaign,
Published on: 6/13/2007 4:47:09 AM
Title: Barack Obama on Ellen
Categories: News,tv,interview,barack,obama,president,dancing,
Published on: 10/30/2007 11:10:38 AM
Title: Dear Mr. Obama
Categories: News,military,war,truth,freedom,sacrifice,principles,mccain,
Published on: 8/28/2008 12:46:15 AM
Title: Obama and McCain - Dance Off!
Categories: Obama,election,dance,morgasen,Comedy,McCain,2008,david,
Published on: 10/23/2008 11:19:21 AM
Monday, December 22, 2008
Energy and the environment not opposed
A writefree. Production
Title Energy and the environment not opposed published to writefree.
Report sent to writefree. about Energy and the environment not opposed
This article is located at writefree.
A Hopeful story ... via Bloomberg, China is supposed to have the most money in the world ...
It appears that, in the incoming Obama administration, it will be hard to tell the difference between the people making energy policy and the people making environmental policy. Which means that we will be fortunate to be governed by people who know that the two are one and the same. The fatal flaw of American leadership, such as it was, over the past 30 years has been the idea that the goal of building up an adequate and secure energy supply is at cross-purposes with the goal of preserving a clean and sustainable environment. Nothing could be further from the truth. And that is a truth realized by the appointment by President-elect Barack Obama of four leaders of his energy/environment team. The choices show an understanding that if we crack one nut, we’ll have cracked them both. It is a team that continues a somewhat controversial streak of bringing back high-ranking officials of the Clinton administration, but it goes on to do the Clintonistas one better. While one Clinton administration official — Vice President Al Gore — was awarded a Nobel Prize seven years after leaving office, Obama’s team will begin its administration with a Nobel Laureate in the Cabinet. That would be Energy Secretary-designate Steven Chu, Ph. D., administrator of the Energy Department’s top-drawer Lawrence Berkeley National Laboratory at the University of California, where he is also a professor of physics and biology. He shared the Nobel in 1997 for figuring out how to cool and trap atoms with laser light. In recent years, though, he has turned his attention to finding new sources of energy to curb global climate change. On resume paper, at least, Chu recalls the statement by President John F. Kennedy, who greeted a gathering of Nobel Prize winners by saying it was the most brain power ever assembled at the White House, except for the days that Thomas Jefferson dined alone. That doesn’t mean Chu, a Washington outsider with no political background, will be a success in running the bureaucracy of a Cabinet department. But he won’t be dining alone. Obama is also bringing back Carol Browner, who ran the Environmental Protection Agency for the whole of the Clinton administration, as White House energy boss. And Browner will bring along two of her former EPA staffers, Lisa Jackson, to run that agency, and Nancy Sutley, to run the White House Council on Environmental Quality. Giving someone with a long environmental background the White House energy portfolio shows that, even if Obama doesn’t have the answer, he grasps the question. Huge portions of our environmental woes, from old-fashioned water pollution to new-age climate change, stem from our dependence on what are essentially 19th century energy models — drilling, mining, burning and breathing hydrocarbons. And every proposed remedy to that problem has been strenuously, and often honestly, opposed by fears that cutting back on those habits can only lead to economic ruin. Obama, on the other hand, has shown that he understands the need to grow the economy, not kneecap it, by embracing whole new models of energy production. Now it will be up to deep thinkers like Chu, and policy experts like Browner, to make that understanding a reality.
Presidential Debate: Did Anyone Else Hear McCain Say, ‘No one can be ...
... Jim Lehrer’s work to keep the discussion away from energy and the environment ... I have voted for alternate fuel all of my time and no one can be opposed to alternate energy!
more ...
go to website
Cached
Erik Fleming for U.S. Senate - The Issues
I am not opposed to charter schools, especially if there is true community input into ... ENERGY/ENVIRONMENT
more ...
go to website
Cached
Environment & Energy Bill Positions
Bill Positions > Environment & Energy. You can access a breakdown of bills by ... SB 431 : Natural Resources - Forest Conservation Act - No Net Loss of Forest: Oppose: SB 442: Environment ...
more ...
go to website
Cached
The Gavel » Blog Archive » The GOP Energy Plan: ‘None of the ...
... our national security. And each time, a majority of House Republicans voted no. ... by Office of the Speaker and is filed under Consumer Protections, The Environment, Energy ...
more ...
go to website
Cached
Environment
How would you rate the condition of the natural environment ... Energy problems: 11: 7: 10 : Pollution (misc.) 7: 8: 7 : Toxic substances ... Would you support or oppose this system?". Support: Oppose ...
more ...
go to website
Cached
Road threatens 6,000-year-old antelope path
All the bottlenecks have private homes that squeeze the path but are not dense enough to sever the migration route, according to Berger. ... Cubin, the state’s lone representative in the House, suggested she would be opposed ...
more ...
go to website
Source: MSNBC
NewsDateTime: 23 hours ago
Obama for president
Our preference for Obama is not based only on matters of character, intelligence and calm. It also flows from his superior positions on such basic issues as war and peace, energy and environment, the ... that threat cannot be successfully opposed by ...
more ...
go to website
Source: Buffalo News
NewsDateTime: 12/21/2008
Bill Richardson on greening SUVs
... administration, and has aggressively pushed clean energy as governor of New Mexico. But some greens might not care ... I was also probably one of the most active pro-environment ... And I opposed giving a tax incentive in New Mexico to just a ...
more ...
go to website
Source: Salon
NewsDateTime: 12/21/2008
The Problem Is Empire
... by oil, combined with robust domestic initiatives on healthcare or the environment or ... Our government is opposed to democracy on our borders if those democracies reject ... on every foreign policy issue but because I think we need to unleash the energy ...
more ...
go to website
Source: Common Dreams
NewsDateTime: 12/21/2008
American bummer in Bali
... from the Bush administration had made it clear that the United States will not ... Among their evidence is the energy bill, passed by the House on Thursday, which ... The bill, opposed by oil, utilities and manufacturers, faces an uphill battle in the ...
more ...
go to website
Source: Salon
NewsDateTime: 12/20/2008
It is a team that continues a somewhat controversial streak of bringing back high-ranking officials of the Clinton administration, but it goes on to do the Clintonistas one better. While one Clinton administration official - Vice President Al Gore - was awarded a Nobel Prize seven years after leaving office, Obama’s team will begin its administration with a Nobel Laureate in the Cabinet. That would be Energy Secretary-designate Steven Chu, Ph. D., administrator of the Energy Department’s top-drawer Lawrence Berkeley National Laboratory at the University of California, where he is also a professor of physics and biology. He shared the Nobel in 1997 for figuring out how to cool and trap atoms with laser light. In recent years, though, he has turned his attention to finding new sources of energy to curb global climate change. On resume paper, at least, Chu recalls the statement by President John F. Kennedy, who greeted a gathering of Nobel Prize winners by saying it was the most brain power ever assembled at the White House, except for the days that Thomas Jefferson dined alone. That doesn’t mean Chu, a Washington outsider with no political background, will be a success in running the bureaucracy of a Cabinet department. But he won’t be dining alone.
Videos from YouTube
Title: Yes We Can - Barack Obama Music Video
Categories: Obama,election,News,speech,vote,will.i.am,democrats,president,primary,caucus,Barack,
Published on: 2/2/2008 2:57:48 AM
Title: "I Got a Crush...On Obama" By Obama Girl
Categories: election,barack,song,on,obama,hot,hillary,amy,Comedy,2008,amber,ettinger,sexy,darren,daulton,girl,lee,crush,NextNewNetworks,campaign,
Published on: 6/13/2007 4:47:09 AM
Title: Barack Obama on Ellen
Categories: News,tv,interview,barack,obama,president,dancing,
Published on: 10/30/2007 11:10:38 AM
Title: Dear Mr. Obama
Categories: News,military,war,truth,freedom,sacrifice,principles,mccain,
Published on: 8/28/2008 12:46:15 AM
Title: Obama and McCain - Dance Off!
Categories: Obama,election,dance,morgasen,Comedy,McCain,2008,david,
Published on: 10/23/2008 11:19:21 AM
Title Energy and the environment not opposed published to writefree.
Report sent to writefree. about Energy and the environment not opposed
This article is located at writefree.
A Hopeful story ... via Bloomberg, China is supposed to have the most money in the world ...
It appears that, in the incoming Obama administration, it will be hard to tell the difference between the people making energy policy and the people making environmental policy. Which means that we will be fortunate to be governed by people who know that the two are one and the same. The fatal flaw of American leadership, such as it was, over the past 30 years has been the idea that the goal of building up an adequate and secure energy supply is at cross-purposes with the goal of preserving a clean and sustainable environment. Nothing could be further from the truth. And that is a truth realized by the appointment by President-elect Barack Obama of four leaders of his energy/environment team. The choices show an understanding that if we crack one nut, we’ll have cracked them both. It is a team that continues a somewhat controversial streak of bringing back high-ranking officials of the Clinton administration, but it goes on to do the Clintonistas one better. While one Clinton administration official — Vice President Al Gore — was awarded a Nobel Prize seven years after leaving office, Obama’s team will begin its administration with a Nobel Laureate in the Cabinet. That would be Energy Secretary-designate Steven Chu, Ph. D., administrator of the Energy Department’s top-drawer Lawrence Berkeley National Laboratory at the University of California, where he is also a professor of physics and biology. He shared the Nobel in 1997 for figuring out how to cool and trap atoms with laser light. In recent years, though, he has turned his attention to finding new sources of energy to curb global climate change. On resume paper, at least, Chu recalls the statement by President John F. Kennedy, who greeted a gathering of Nobel Prize winners by saying it was the most brain power ever assembled at the White House, except for the days that Thomas Jefferson dined alone. That doesn’t mean Chu, a Washington outsider with no political background, will be a success in running the bureaucracy of a Cabinet department. But he won’t be dining alone. Obama is also bringing back Carol Browner, who ran the Environmental Protection Agency for the whole of the Clinton administration, as White House energy boss. And Browner will bring along two of her former EPA staffers, Lisa Jackson, to run that agency, and Nancy Sutley, to run the White House Council on Environmental Quality. Giving someone with a long environmental background the White House energy portfolio shows that, even if Obama doesn’t have the answer, he grasps the question. Huge portions of our environmental woes, from old-fashioned water pollution to new-age climate change, stem from our dependence on what are essentially 19th century energy models — drilling, mining, burning and breathing hydrocarbons. And every proposed remedy to that problem has been strenuously, and often honestly, opposed by fears that cutting back on those habits can only lead to economic ruin. Obama, on the other hand, has shown that he understands the need to grow the economy, not kneecap it, by embracing whole new models of energy production. Now it will be up to deep thinkers like Chu, and policy experts like Browner, to make that understanding a reality.
Presidential Debate: Did Anyone Else Hear McCain Say, ‘No one can be ...
... Jim Lehrer’s work to keep the discussion away from energy and the environment ... I have voted for alternate fuel all of my time and no one can be opposed to alternate energy!
more ...
go to website
Cached
Erik Fleming for U.S. Senate - The Issues
I am not opposed to charter schools, especially if there is true community input into ... ENERGY/ENVIRONMENT
more ...
go to website
Cached
Environment & Energy Bill Positions
Bill Positions > Environment & Energy. You can access a breakdown of bills by ... SB 431 : Natural Resources - Forest Conservation Act - No Net Loss of Forest: Oppose: SB 442: Environment ...
more ...
go to website
Cached
The Gavel » Blog Archive » The GOP Energy Plan: ‘None of the ...
... our national security. And each time, a majority of House Republicans voted no. ... by Office of the Speaker and is filed under Consumer Protections, The Environment, Energy ...
more ...
go to website
Cached
Environment
How would you rate the condition of the natural environment ... Energy problems: 11: 7: 10 : Pollution (misc.) 7: 8: 7 : Toxic substances ... Would you support or oppose this system?". Support: Oppose ...
more ...
go to website
Cached
Road threatens 6,000-year-old antelope path
All the bottlenecks have private homes that squeeze the path but are not dense enough to sever the migration route, according to Berger. ... Cubin, the state’s lone representative in the House, suggested she would be opposed ...
more ...
go to website
Source: MSNBC
NewsDateTime: 23 hours ago
Obama for president
Our preference for Obama is not based only on matters of character, intelligence and calm. It also flows from his superior positions on such basic issues as war and peace, energy and environment, the ... that threat cannot be successfully opposed by ...
more ...
go to website
Source: Buffalo News
NewsDateTime: 12/21/2008
Bill Richardson on greening SUVs
... administration, and has aggressively pushed clean energy as governor of New Mexico. But some greens might not care ... I was also probably one of the most active pro-environment ... And I opposed giving a tax incentive in New Mexico to just a ...
more ...
go to website
Source: Salon
NewsDateTime: 12/21/2008
The Problem Is Empire
... by oil, combined with robust domestic initiatives on healthcare or the environment or ... Our government is opposed to democracy on our borders if those democracies reject ... on every foreign policy issue but because I think we need to unleash the energy ...
more ...
go to website
Source: Common Dreams
NewsDateTime: 12/21/2008
American bummer in Bali
... from the Bush administration had made it clear that the United States will not ... Among their evidence is the energy bill, passed by the House on Thursday, which ... The bill, opposed by oil, utilities and manufacturers, faces an uphill battle in the ...
more ...
go to website
Source: Salon
NewsDateTime: 12/20/2008
It is a team that continues a somewhat controversial streak of bringing back high-ranking officials of the Clinton administration, but it goes on to do the Clintonistas one better. While one Clinton administration official - Vice President Al Gore - was awarded a Nobel Prize seven years after leaving office, Obama’s team will begin its administration with a Nobel Laureate in the Cabinet. That would be Energy Secretary-designate Steven Chu, Ph. D., administrator of the Energy Department’s top-drawer Lawrence Berkeley National Laboratory at the University of California, where he is also a professor of physics and biology. He shared the Nobel in 1997 for figuring out how to cool and trap atoms with laser light. In recent years, though, he has turned his attention to finding new sources of energy to curb global climate change. On resume paper, at least, Chu recalls the statement by President John F. Kennedy, who greeted a gathering of Nobel Prize winners by saying it was the most brain power ever assembled at the White House, except for the days that Thomas Jefferson dined alone. That doesn’t mean Chu, a Washington outsider with no political background, will be a success in running the bureaucracy of a Cabinet department. But he won’t be dining alone.
Videos from YouTube
Title: Yes We Can - Barack Obama Music Video
Categories: Obama,election,News,speech,vote,will.i.am,democrats,president,primary,caucus,Barack,
Published on: 2/2/2008 2:57:48 AM
Title: "I Got a Crush...On Obama" By Obama Girl
Categories: election,barack,song,on,obama,hot,hillary,amy,Comedy,2008,amber,ettinger,sexy,darren,daulton,girl,lee,crush,NextNewNetworks,campaign,
Published on: 6/13/2007 4:47:09 AM
Title: Barack Obama on Ellen
Categories: News,tv,interview,barack,obama,president,dancing,
Published on: 10/30/2007 11:10:38 AM
Title: Dear Mr. Obama
Categories: News,military,war,truth,freedom,sacrifice,principles,mccain,
Published on: 8/28/2008 12:46:15 AM
Title: Obama and McCain - Dance Off!
Categories: Obama,election,dance,morgasen,Comedy,McCain,2008,david,
Published on: 10/23/2008 11:19:21 AM
China cutting interest rates fast
A writefree. Production
Title China cutting interest rates fast published to writefree.
Report sent to writefree. about China cutting interest rates fast
This article is located at writefree.
Another scary story ... via Bloomberg, China is supposed to have the most money in the world ...
Dec. 22 (Bloomberg) -- China cut interest rates for the fifth time in three months after trade growth collapsed because of recessions in the U.S., Europe and Japan. The one-year lending rate will drop by 0.27 percentage point to 5.31 percent and the deposit rate by the same amount to 2.25 percent from tomorrow, the People’s Bank of China said on its Web site. The central bank also reduced the proportion of deposits lenders must set aside as reserves by 0.5 percentage point. Today’s measures are likely to be supplemented by a second stimulus plan aimed at spurring consumer spending following a 4 trillion yuan ($584 billion) package in November that was focused on infrastructure. China’s exports fell for the first time in seven years last month, imports plunged and manufacturing shrank by a record, threatening to push the world’s fourth-largest economy into its deepest slowdown in two decades. “Monetary policy is now playing a supportive role to the main show in town: fiscal stimulus,” said Stephen Green, head of China research at Standard Chartered Bank Plc in Shanghai The reserve requirement will drop to 15.5 percent for big banks and to 13.5 percent for smaller ones effective Dec. 25. The reduction will release a further 300 billion yuan of possible lending, according to Green. ‘Less Aggressive’ “The surprise is how small the move is,” said Mark Williams, an economist with Capital Economics in London. “There’s been a sudden very rapid deterioration in all China’s economic data over the last 8 to 12 weeks.” China’s economic growth may slow to 5 percent next year, less than half the 11.9 percent expansion in 2007, according to Royal Bank of Scotland Plc. The World Bank forecasts the economy will expand by 7.5 percent in 2009. The government is targeting an 8 percent expansion. China cut interest rates by 1.08 percentage points last month, the biggest reduction in 11 years. The Federal Reserve lowered the main U.S. interest rate to as low as zero for the first time on Dec. 16, as policy makers seek to revive credit and end the longest slump in a quarter- century. The Bank of Japan cut its benchmark rate to 0.1 percent from 0.3 percent three days later. China’s CSI 300 Index fell for the first time in six days, closing 1.7 percent lower before the rate announcement. The yuan was little changed, closing 0.07 percent lower at 6.8510 per dollar in Shanghai. Social Stability China’s slowdown threatens to trigger unrest as factories close and unemployment climbs in the world’s most populous nation. Uniden Corp., a Japanese maker of wireless communication gear including cordless phones, said Dec. 11 it will eliminate 6,200 jobs in China. Zhang Ping, China’s top economic planner, warned last month of the risk of “massive unemployment.” China’s cabinet, the State Council, pledged yesterday to give more power to local governments to support their property markets and end a nationwide real-estate slump. The government said Dec. 13 it will boost money supply by 17 percent next year to encourage lending and buoy domestic consumption. “The cuts are less aggressive than expected,” said Kevin Lai, an economist with the Daiwa Institute of Research in Hong Kong. “The central bank may want to save bullets until next quarter and wait to see how the policies announced so far work.” Lai and economists at HSBC Holdings Plc and Capital Economics Ltd. had anticipated at least a 54-basis-point reduction. ‘Worst Case’ The government has switched from battling inflation in the first half of the year to guarding against the risk that falling prices will contribute to the economy spiraling down. Inflation was the slowest in 22 months in November. Exports fell 2.2 percent last month after growing 19.2 percent in October. Imports plunged 17.9 percent. China’s exporters are facing greater payment risks and rising shipment costs as some importers grow short of cash and trade finance costs surge, Vice Trade Minister Fu Ziying said over the weekend. Compensation payouts by China’s export credit insurance company almost tripled in the first 10 months of this year, Fu said. China needs to prepare for a “worst case scenario” as the global economic slump deepens, central bank Governor Zhou Xiaochuan said Dec. 4. The central bank may cut its benchmark rate by a further 27 basis points and reduce the bank reserve ratio by as much as 100 basis points in January to avert the risk of deflation and add liquidity before the Chinese New Year holiday, Daiwa’s Lai said. The government aims for an 8 percent expansion to generate jobs and avoid social instability, China Banking Regulatory Commission Chairman Liu Mingkang said in Beijing on Dec. 13. To contact the reporter on this story: Li Yanping in Beijing at yli16@bloomberg.net;
China cuts the interest rates by 108 basis points!
China cuts the interest rates by 108 basis points! ... Cutting the interest rates by 108 basis points is regarded as the ... Fast Reply
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China Eyes Consumer Boost, May Aim 8% 2009 Growth
China should take further steps to fight a sharp economic slowdown, including cutting interest rates and taxes as well as increasing ... In the short term, there is a risk of fast ...
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China to cut rates further, Korea may follow - Barclays - Forbes.com
SINGAPORE, Sept 26 (Reuters) - China's central bank is likely to cut interest rates further to spur ... central bank surprised markets on Thursday by cutting interest rates for ...
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The Progressive Economics Forum » Cutting interest rates to increase ...
... over at the Bank of Canada: rather than raising interest rates ... it is remarkable that the Bank would talk about cutting rates ... Comment from Travis Fast Time: October 21, 2008, 5:22 pm
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China Cuts Rates Again, Others May Follow - China * Asia * News ...
China cut its interest rate for the third time in six weeks on ... strategist at Deutsche Bank sees the Fed cutting interest rates by ... Owens Corning; Fast & Furious: It's All About Soup ...
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UPDATE 2-China cuts rates for fifth time, but timidity surprises
BEIJING, Dec 22 (Reuters) - China trimmed interest rates on Monday as the latest step in a ... Federal Reserve and Japan in cutting rates almost to zero last week. "We would ... the most important mission is to maintain balanced and fairly fast ...
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Source: Reuters
NewsDateTime: 1 hour ago
Markets look to Fed to revive economy with rate cut
Federal Reserve to revive the economy by further cutting interest rates. Goldman posted a fourth-quarter net loss of $2.12 billion (1 ... International Editions: Africa | Arabic | Argentina | Brazil | Canada | China ...
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Source: Reuters UK
NewsDateTime: 12/16/2008
Get ready for 'Toyota Shock' with dollar's slump
No, not news last week that the consumer-electronics giant is cutting 16,000 jobs ... of the three pillars supporting the country, the others being ultra-low interest rates ... Prime Minister Taro Aso's popularity is declining as fast as the Nikkei 225 ...
more ...
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Source: Seattle Post Intelligencer
NewsDateTime: 12/16/2008
Governments pour more resources into battle against global recession
Hopes that China would be able to de-couple itself from the global downturn have been dented by signs that its export-driven economy is slowing fast. ... and Europe, announced yesterday it was cutting interest rates to 0 ...
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Source: Guardian Unlimited
NewsDateTime: 12/20/2008
Miracle to debacle: It's time for India to rethink how it does ...
... beside the $700-billion announced last month by China, which has the advantage of being solidly in the black. Interest rate ... an inflation problem, making it dangerous to lower rates too fast ... servants' wages, waiving the debts of small farmers, cutting ...
more ...
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Source: Globe and Mail
NewsDateTime: 12/17/2008
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: SpongeBob Square Pants in China
Categories: communism,china,Ji,Pants,Hu,Square,yuan,Comedy,bob,Beijing,communist,mao,army,commie,sponge,Renminbi,prc,Spongebob,red,chairman,
Published on: 3/21/2007 5:34:19 AM
Title: Free Hugs in China!
Categories: china,People,free,hugs,changsha,
Published on: 10/21/2006 3:16:44 PM
Title: Red Rockers - China
Categories: 80s,rock,music,Music,newwave,
Published on: 11/18/2005 7:25:19 PM
Title: The Bailout is for China?!?!
Categories: paulson,economy,congress,torture,henry,congressman,News,Bailout,Obama,China,bush,iraq,waterboard,defazio,
Published on: 10/2/2008 10:54:47 PM
Title: Postcard to U.S. President: Beijing
Categories: Obama,election,News,China,diplomacy,PostcardstoPresident,Beijing,reaction,
Published on: 11/5/2008 4:56:40 AM
Title China cutting interest rates fast published to writefree.
Report sent to writefree. about China cutting interest rates fast
This article is located at writefree.
Another scary story ... via Bloomberg, China is supposed to have the most money in the world ...
Dec. 22 (Bloomberg) -- China cut interest rates for the fifth time in three months after trade growth collapsed because of recessions in the U.S., Europe and Japan. The one-year lending rate will drop by 0.27 percentage point to 5.31 percent and the deposit rate by the same amount to 2.25 percent from tomorrow, the People’s Bank of China said on its Web site. The central bank also reduced the proportion of deposits lenders must set aside as reserves by 0.5 percentage point. Today’s measures are likely to be supplemented by a second stimulus plan aimed at spurring consumer spending following a 4 trillion yuan ($584 billion) package in November that was focused on infrastructure. China’s exports fell for the first time in seven years last month, imports plunged and manufacturing shrank by a record, threatening to push the world’s fourth-largest economy into its deepest slowdown in two decades. “Monetary policy is now playing a supportive role to the main show in town: fiscal stimulus,” said Stephen Green, head of China research at Standard Chartered Bank Plc in Shanghai The reserve requirement will drop to 15.5 percent for big banks and to 13.5 percent for smaller ones effective Dec. 25. The reduction will release a further 300 billion yuan of possible lending, according to Green. ‘Less Aggressive’ “The surprise is how small the move is,” said Mark Williams, an economist with Capital Economics in London. “There’s been a sudden very rapid deterioration in all China’s economic data over the last 8 to 12 weeks.” China’s economic growth may slow to 5 percent next year, less than half the 11.9 percent expansion in 2007, according to Royal Bank of Scotland Plc. The World Bank forecasts the economy will expand by 7.5 percent in 2009. The government is targeting an 8 percent expansion. China cut interest rates by 1.08 percentage points last month, the biggest reduction in 11 years. The Federal Reserve lowered the main U.S. interest rate to as low as zero for the first time on Dec. 16, as policy makers seek to revive credit and end the longest slump in a quarter- century. The Bank of Japan cut its benchmark rate to 0.1 percent from 0.3 percent three days later. China’s CSI 300 Index fell for the first time in six days, closing 1.7 percent lower before the rate announcement. The yuan was little changed, closing 0.07 percent lower at 6.8510 per dollar in Shanghai. Social Stability China’s slowdown threatens to trigger unrest as factories close and unemployment climbs in the world’s most populous nation. Uniden Corp., a Japanese maker of wireless communication gear including cordless phones, said Dec. 11 it will eliminate 6,200 jobs in China. Zhang Ping, China’s top economic planner, warned last month of the risk of “massive unemployment.” China’s cabinet, the State Council, pledged yesterday to give more power to local governments to support their property markets and end a nationwide real-estate slump. The government said Dec. 13 it will boost money supply by 17 percent next year to encourage lending and buoy domestic consumption. “The cuts are less aggressive than expected,” said Kevin Lai, an economist with the Daiwa Institute of Research in Hong Kong. “The central bank may want to save bullets until next quarter and wait to see how the policies announced so far work.” Lai and economists at HSBC Holdings Plc and Capital Economics Ltd. had anticipated at least a 54-basis-point reduction. ‘Worst Case’ The government has switched from battling inflation in the first half of the year to guarding against the risk that falling prices will contribute to the economy spiraling down. Inflation was the slowest in 22 months in November. Exports fell 2.2 percent last month after growing 19.2 percent in October. Imports plunged 17.9 percent. China’s exporters are facing greater payment risks and rising shipment costs as some importers grow short of cash and trade finance costs surge, Vice Trade Minister Fu Ziying said over the weekend. Compensation payouts by China’s export credit insurance company almost tripled in the first 10 months of this year, Fu said. China needs to prepare for a “worst case scenario” as the global economic slump deepens, central bank Governor Zhou Xiaochuan said Dec. 4. The central bank may cut its benchmark rate by a further 27 basis points and reduce the bank reserve ratio by as much as 100 basis points in January to avert the risk of deflation and add liquidity before the Chinese New Year holiday, Daiwa’s Lai said. The government aims for an 8 percent expansion to generate jobs and avoid social instability, China Banking Regulatory Commission Chairman Liu Mingkang said in Beijing on Dec. 13. To contact the reporter on this story: Li Yanping in Beijing at yli16@bloomberg.net;
China cuts the interest rates by 108 basis points!
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China Eyes Consumer Boost, May Aim 8% 2009 Growth
China should take further steps to fight a sharp economic slowdown, including cutting interest rates and taxes as well as increasing ... In the short term, there is a risk of fast ...
more ...
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Cached
China to cut rates further, Korea may follow - Barclays - Forbes.com
SINGAPORE, Sept 26 (Reuters) - China's central bank is likely to cut interest rates further to spur ... central bank surprised markets on Thursday by cutting interest rates for ...
more ...
go to website
Cached
The Progressive Economics Forum » Cutting interest rates to increase ...
... over at the Bank of Canada: rather than raising interest rates ... it is remarkable that the Bank would talk about cutting rates ... Comment from Travis Fast Time: October 21, 2008, 5:22 pm
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China Cuts Rates Again, Others May Follow - China * Asia * News ...
China cut its interest rate for the third time in six weeks on ... strategist at Deutsche Bank sees the Fed cutting interest rates by ... Owens Corning; Fast & Furious: It's All About Soup ...
more ...
go to website
Cached
UPDATE 2-China cuts rates for fifth time, but timidity surprises
BEIJING, Dec 22 (Reuters) - China trimmed interest rates on Monday as the latest step in a ... Federal Reserve and Japan in cutting rates almost to zero last week. "We would ... the most important mission is to maintain balanced and fairly fast ...
more ...
go to website
Source: Reuters
NewsDateTime: 1 hour ago
Markets look to Fed to revive economy with rate cut
Federal Reserve to revive the economy by further cutting interest rates. Goldman posted a fourth-quarter net loss of $2.12 billion (1 ... International Editions: Africa | Arabic | Argentina | Brazil | Canada | China ...
more ...
go to website
Source: Reuters UK
NewsDateTime: 12/16/2008
Get ready for 'Toyota Shock' with dollar's slump
No, not news last week that the consumer-electronics giant is cutting 16,000 jobs ... of the three pillars supporting the country, the others being ultra-low interest rates ... Prime Minister Taro Aso's popularity is declining as fast as the Nikkei 225 ...
more ...
go to website
Source: Seattle Post Intelligencer
NewsDateTime: 12/16/2008
Governments pour more resources into battle against global recession
Hopes that China would be able to de-couple itself from the global downturn have been dented by signs that its export-driven economy is slowing fast. ... and Europe, announced yesterday it was cutting interest rates to 0 ...
more ...
go to website
Source: Guardian Unlimited
NewsDateTime: 12/20/2008
Miracle to debacle: It's time for India to rethink how it does ...
... beside the $700-billion announced last month by China, which has the advantage of being solidly in the black. Interest rate ... an inflation problem, making it dangerous to lower rates too fast ... servants' wages, waiving the debts of small farmers, cutting ...
more ...
go to website
Source: Globe and Mail
NewsDateTime: 12/17/2008
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: SpongeBob Square Pants in China
Categories: communism,china,Ji,Pants,Hu,Square,yuan,Comedy,bob,Beijing,communist,mao,army,commie,sponge,Renminbi,prc,Spongebob,red,chairman,
Published on: 3/21/2007 5:34:19 AM
Title: Free Hugs in China!
Categories: china,People,free,hugs,changsha,
Published on: 10/21/2006 3:16:44 PM
Title: Red Rockers - China
Categories: 80s,rock,music,Music,newwave,
Published on: 11/18/2005 7:25:19 PM
Title: The Bailout is for China?!?!
Categories: paulson,economy,congress,torture,henry,congressman,News,Bailout,Obama,China,bush,iraq,waterboard,defazio,
Published on: 10/2/2008 10:54:47 PM
Title: Postcard to U.S. President: Beijing
Categories: Obama,election,News,China,diplomacy,PostcardstoPresident,Beijing,reaction,
Published on: 11/5/2008 4:56:40 AM
China cutting interest rates fast
A writefree. Production
Title China cutting interest rates fast published to writefree.
Report sent to writefree. about China cutting interest rates fast
This article is located at writefree.
Another scary story ... via Bloomberg, China is supposed to have the most money in the world ...
Dec. 22 (Bloomberg) -- China cut interest rates for the fifth time in three months after trade growth collapsed because of recessions in the U.S., Europe and Japan. The one-year lending rate will drop by 0.27 percentage point to 5.31 percent and the deposit rate by the same amount to 2.25 percent from tomorrow, the People’s Bank of China said on its Web site. The central bank also reduced the proportion of deposits lenders must set aside as reserves by 0.5 percentage point. Today’s measures are likely to be supplemented by a second stimulus plan aimed at spurring consumer spending following a 4 trillion yuan ($584 billion) package in November that was focused on infrastructure. China’s exports fell for the first time in seven years last month, imports plunged and manufacturing shrank by a record, threatening to push the world’s fourth-largest economy into its deepest slowdown in two decades. “Monetary policy is now playing a supportive role to the main show in town: fiscal stimulus,” said Stephen Green, head of China research at Standard Chartered Bank Plc in Shanghai The reserve requirement will drop to 15.5 percent for big banks and to 13.5 percent for smaller ones effective Dec. 25. The reduction will release a further 300 billion yuan of possible lending, according to Green. ‘Less Aggressive’ “The surprise is how small the move is,” said Mark Williams, an economist with Capital Economics in London. “There’s been a sudden very rapid deterioration in all China’s economic data over the last 8 to 12 weeks.” China’s economic growth may slow to 5 percent next year, less than half the 11.9 percent expansion in 2007, according to Royal Bank of Scotland Plc. The World Bank forecasts the economy will expand by 7.5 percent in 2009. The government is targeting an 8 percent expansion. China cut interest rates by 1.08 percentage points last month, the biggest reduction in 11 years. The Federal Reserve lowered the main U.S. interest rate to as low as zero for the first time on Dec. 16, as policy makers seek to revive credit and end the longest slump in a quarter- century. The Bank of Japan cut its benchmark rate to 0.1 percent from 0.3 percent three days later. China’s CSI 300 Index fell for the first time in six days, closing 1.7 percent lower before the rate announcement. The yuan was little changed, closing 0.07 percent lower at 6.8510 per dollar in Shanghai. Social Stability China’s slowdown threatens to trigger unrest as factories close and unemployment climbs in the world’s most populous nation. Uniden Corp., a Japanese maker of wireless communication gear including cordless phones, said Dec. 11 it will eliminate 6,200 jobs in China. Zhang Ping, China’s top economic planner, warned last month of the risk of “massive unemployment.” China’s cabinet, the State Council, pledged yesterday to give more power to local governments to support their property markets and end a nationwide real-estate slump. The government said Dec. 13 it will boost money supply by 17 percent next year to encourage lending and buoy domestic consumption. “The cuts are less aggressive than expected,” said Kevin Lai, an economist with the Daiwa Institute of Research in Hong Kong. “The central bank may want to save bullets until next quarter and wait to see how the policies announced so far work.” Lai and economists at HSBC Holdings Plc and Capital Economics Ltd. had anticipated at least a 54-basis-point reduction. ‘Worst Case’ The government has switched from battling inflation in the first half of the year to guarding against the risk that falling prices will contribute to the economy spiraling down. Inflation was the slowest in 22 months in November. Exports fell 2.2 percent last month after growing 19.2 percent in October. Imports plunged 17.9 percent. China’s exporters are facing greater payment risks and rising shipment costs as some importers grow short of cash and trade finance costs surge, Vice Trade Minister Fu Ziying said over the weekend. Compensation payouts by China’s export credit insurance company almost tripled in the first 10 months of this year, Fu said. China needs to prepare for a “worst case scenario” as the global economic slump deepens, central bank Governor Zhou Xiaochuan said Dec. 4. The central bank may cut its benchmark rate by a further 27 basis points and reduce the bank reserve ratio by as much as 100 basis points in January to avert the risk of deflation and add liquidity before the Chinese New Year holiday, Daiwa’s Lai said. The government aims for an 8 percent expansion to generate jobs and avoid social instability, China Banking Regulatory Commission Chairman Liu Mingkang said in Beijing on Dec. 13. To contact the reporter on this story: Li Yanping in Beijing at yli16@bloomberg.net;
China cuts the interest rates by 108 basis points!
China cuts the interest rates by 108 basis points! ... Cutting the interest rates by 108 basis points is regarded as the ... Fast Reply
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go to website
Cached
China Eyes Consumer Boost, May Aim 8% 2009 Growth
China should take further steps to fight a sharp economic slowdown, including cutting interest rates and taxes as well as increasing ... In the short term, there is a risk of fast ...
more ...
go to website
Cached
China to cut rates further, Korea may follow - Barclays - Forbes.com
SINGAPORE, Sept 26 (Reuters) - China's central bank is likely to cut interest rates further to spur ... central bank surprised markets on Thursday by cutting interest rates for ...
more ...
go to website
Cached
The Progressive Economics Forum » Cutting interest rates to increase ...
... over at the Bank of Canada: rather than raising interest rates ... it is remarkable that the Bank would talk about cutting rates ... Comment from Travis Fast Time: October 21, 2008, 5:22 pm
more ...
go to website
Cached
China Cuts Rates Again, Others May Follow - China * Asia * News ...
China cut its interest rate for the third time in six weeks on ... strategist at Deutsche Bank sees the Fed cutting interest rates by ... Owens Corning; Fast & Furious: It's All About Soup ...
more ...
go to website
Cached
UPDATE 2-China cuts rates for fifth time, but timidity surprises
BEIJING, Dec 22 (Reuters) - China trimmed interest rates on Monday as the latest step in a ... Federal Reserve and Japan in cutting rates almost to zero last week. "We would ... the most important mission is to maintain balanced and fairly fast ...
more ...
go to website
Source: Reuters
NewsDateTime: 1 hour ago
Markets look to Fed to revive economy with rate cut
Federal Reserve to revive the economy by further cutting interest rates. Goldman posted a fourth-quarter net loss of $2.12 billion (1 ... International Editions: Africa | Arabic | Argentina | Brazil | Canada | China ...
more ...
go to website
Source: Reuters UK
NewsDateTime: 12/16/2008
Get ready for 'Toyota Shock' with dollar's slump
No, not news last week that the consumer-electronics giant is cutting 16,000 jobs ... of the three pillars supporting the country, the others being ultra-low interest rates ... Prime Minister Taro Aso's popularity is declining as fast as the Nikkei 225 ...
more ...
go to website
Source: Seattle Post Intelligencer
NewsDateTime: 12/16/2008
Governments pour more resources into battle against global recession
Hopes that China would be able to de-couple itself from the global downturn have been dented by signs that its export-driven economy is slowing fast. ... and Europe, announced yesterday it was cutting interest rates to 0 ...
more ...
go to website
Source: Guardian Unlimited
NewsDateTime: 12/20/2008
Miracle to debacle: It's time for India to rethink how it does ...
... beside the $700-billion announced last month by China, which has the advantage of being solidly in the black. Interest rate ... an inflation problem, making it dangerous to lower rates too fast ... servants' wages, waiving the debts of small farmers, cutting ...
more ...
go to website
Source: Globe and Mail
NewsDateTime: 12/17/2008
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: SpongeBob Square Pants in China
Categories: communism,china,Ji,Pants,Hu,Square,yuan,Comedy,bob,Beijing,communist,mao,army,commie,sponge,Renminbi,prc,Spongebob,red,chairman,
Published on: 3/21/2007 5:34:19 AM
Title: Free Hugs in China!
Categories: china,People,free,hugs,changsha,
Published on: 10/21/2006 3:16:44 PM
Title: Red Rockers - China
Categories: 80s,rock,music,Music,newwave,
Published on: 11/18/2005 7:25:19 PM
Title: The Bailout is for China?!?!
Categories: paulson,economy,congress,torture,henry,congressman,News,Bailout,Obama,China,bush,iraq,waterboard,defazio,
Published on: 10/2/2008 10:54:47 PM
Title: Postcard to U.S. President: Beijing
Categories: Obama,election,News,China,diplomacy,PostcardstoPresident,Beijing,reaction,
Published on: 11/5/2008 4:56:40 AM
Title China cutting interest rates fast published to writefree.
Report sent to writefree. about China cutting interest rates fast
This article is located at writefree.
Another scary story ... via Bloomberg, China is supposed to have the most money in the world ...
Dec. 22 (Bloomberg) -- China cut interest rates for the fifth time in three months after trade growth collapsed because of recessions in the U.S., Europe and Japan. The one-year lending rate will drop by 0.27 percentage point to 5.31 percent and the deposit rate by the same amount to 2.25 percent from tomorrow, the People’s Bank of China said on its Web site. The central bank also reduced the proportion of deposits lenders must set aside as reserves by 0.5 percentage point. Today’s measures are likely to be supplemented by a second stimulus plan aimed at spurring consumer spending following a 4 trillion yuan ($584 billion) package in November that was focused on infrastructure. China’s exports fell for the first time in seven years last month, imports plunged and manufacturing shrank by a record, threatening to push the world’s fourth-largest economy into its deepest slowdown in two decades. “Monetary policy is now playing a supportive role to the main show in town: fiscal stimulus,” said Stephen Green, head of China research at Standard Chartered Bank Plc in Shanghai The reserve requirement will drop to 15.5 percent for big banks and to 13.5 percent for smaller ones effective Dec. 25. The reduction will release a further 300 billion yuan of possible lending, according to Green. ‘Less Aggressive’ “The surprise is how small the move is,” said Mark Williams, an economist with Capital Economics in London. “There’s been a sudden very rapid deterioration in all China’s economic data over the last 8 to 12 weeks.” China’s economic growth may slow to 5 percent next year, less than half the 11.9 percent expansion in 2007, according to Royal Bank of Scotland Plc. The World Bank forecasts the economy will expand by 7.5 percent in 2009. The government is targeting an 8 percent expansion. China cut interest rates by 1.08 percentage points last month, the biggest reduction in 11 years. The Federal Reserve lowered the main U.S. interest rate to as low as zero for the first time on Dec. 16, as policy makers seek to revive credit and end the longest slump in a quarter- century. The Bank of Japan cut its benchmark rate to 0.1 percent from 0.3 percent three days later. China’s CSI 300 Index fell for the first time in six days, closing 1.7 percent lower before the rate announcement. The yuan was little changed, closing 0.07 percent lower at 6.8510 per dollar in Shanghai. Social Stability China’s slowdown threatens to trigger unrest as factories close and unemployment climbs in the world’s most populous nation. Uniden Corp., a Japanese maker of wireless communication gear including cordless phones, said Dec. 11 it will eliminate 6,200 jobs in China. Zhang Ping, China’s top economic planner, warned last month of the risk of “massive unemployment.” China’s cabinet, the State Council, pledged yesterday to give more power to local governments to support their property markets and end a nationwide real-estate slump. The government said Dec. 13 it will boost money supply by 17 percent next year to encourage lending and buoy domestic consumption. “The cuts are less aggressive than expected,” said Kevin Lai, an economist with the Daiwa Institute of Research in Hong Kong. “The central bank may want to save bullets until next quarter and wait to see how the policies announced so far work.” Lai and economists at HSBC Holdings Plc and Capital Economics Ltd. had anticipated at least a 54-basis-point reduction. ‘Worst Case’ The government has switched from battling inflation in the first half of the year to guarding against the risk that falling prices will contribute to the economy spiraling down. Inflation was the slowest in 22 months in November. Exports fell 2.2 percent last month after growing 19.2 percent in October. Imports plunged 17.9 percent. China’s exporters are facing greater payment risks and rising shipment costs as some importers grow short of cash and trade finance costs surge, Vice Trade Minister Fu Ziying said over the weekend. Compensation payouts by China’s export credit insurance company almost tripled in the first 10 months of this year, Fu said. China needs to prepare for a “worst case scenario” as the global economic slump deepens, central bank Governor Zhou Xiaochuan said Dec. 4. The central bank may cut its benchmark rate by a further 27 basis points and reduce the bank reserve ratio by as much as 100 basis points in January to avert the risk of deflation and add liquidity before the Chinese New Year holiday, Daiwa’s Lai said. The government aims for an 8 percent expansion to generate jobs and avoid social instability, China Banking Regulatory Commission Chairman Liu Mingkang said in Beijing on Dec. 13. To contact the reporter on this story: Li Yanping in Beijing at yli16@bloomberg.net;
China cuts the interest rates by 108 basis points!
China cuts the interest rates by 108 basis points! ... Cutting the interest rates by 108 basis points is regarded as the ... Fast Reply
more ...
go to website
Cached
China Eyes Consumer Boost, May Aim 8% 2009 Growth
China should take further steps to fight a sharp economic slowdown, including cutting interest rates and taxes as well as increasing ... In the short term, there is a risk of fast ...
more ...
go to website
Cached
China to cut rates further, Korea may follow - Barclays - Forbes.com
SINGAPORE, Sept 26 (Reuters) - China's central bank is likely to cut interest rates further to spur ... central bank surprised markets on Thursday by cutting interest rates for ...
more ...
go to website
Cached
The Progressive Economics Forum » Cutting interest rates to increase ...
... over at the Bank of Canada: rather than raising interest rates ... it is remarkable that the Bank would talk about cutting rates ... Comment from Travis Fast Time: October 21, 2008, 5:22 pm
more ...
go to website
Cached
China Cuts Rates Again, Others May Follow - China * Asia * News ...
China cut its interest rate for the third time in six weeks on ... strategist at Deutsche Bank sees the Fed cutting interest rates by ... Owens Corning; Fast & Furious: It's All About Soup ...
more ...
go to website
Cached
UPDATE 2-China cuts rates for fifth time, but timidity surprises
BEIJING, Dec 22 (Reuters) - China trimmed interest rates on Monday as the latest step in a ... Federal Reserve and Japan in cutting rates almost to zero last week. "We would ... the most important mission is to maintain balanced and fairly fast ...
more ...
go to website
Source: Reuters
NewsDateTime: 1 hour ago
Markets look to Fed to revive economy with rate cut
Federal Reserve to revive the economy by further cutting interest rates. Goldman posted a fourth-quarter net loss of $2.12 billion (1 ... International Editions: Africa | Arabic | Argentina | Brazil | Canada | China ...
more ...
go to website
Source: Reuters UK
NewsDateTime: 12/16/2008
Get ready for 'Toyota Shock' with dollar's slump
No, not news last week that the consumer-electronics giant is cutting 16,000 jobs ... of the three pillars supporting the country, the others being ultra-low interest rates ... Prime Minister Taro Aso's popularity is declining as fast as the Nikkei 225 ...
more ...
go to website
Source: Seattle Post Intelligencer
NewsDateTime: 12/16/2008
Governments pour more resources into battle against global recession
Hopes that China would be able to de-couple itself from the global downturn have been dented by signs that its export-driven economy is slowing fast. ... and Europe, announced yesterday it was cutting interest rates to 0 ...
more ...
go to website
Source: Guardian Unlimited
NewsDateTime: 12/20/2008
Miracle to debacle: It's time for India to rethink how it does ...
... beside the $700-billion announced last month by China, which has the advantage of being solidly in the black. Interest rate ... an inflation problem, making it dangerous to lower rates too fast ... servants' wages, waiving the debts of small farmers, cutting ...
more ...
go to website
Source: Globe and Mail
NewsDateTime: 12/17/2008
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: SpongeBob Square Pants in China
Categories: communism,china,Ji,Pants,Hu,Square,yuan,Comedy,bob,Beijing,communist,mao,army,commie,sponge,Renminbi,prc,Spongebob,red,chairman,
Published on: 3/21/2007 5:34:19 AM
Title: Free Hugs in China!
Categories: china,People,free,hugs,changsha,
Published on: 10/21/2006 3:16:44 PM
Title: Red Rockers - China
Categories: 80s,rock,music,Music,newwave,
Published on: 11/18/2005 7:25:19 PM
Title: The Bailout is for China?!?!
Categories: paulson,economy,congress,torture,henry,congressman,News,Bailout,Obama,China,bush,iraq,waterboard,defazio,
Published on: 10/2/2008 10:54:47 PM
Title: Postcard to U.S. President: Beijing
Categories: Obama,election,News,China,diplomacy,PostcardstoPresident,Beijing,reaction,
Published on: 11/5/2008 4:56:40 AM
Toyota Forecasts Operating Loss
A writefree. Production
Title Toyota Forecasts Operating Loss published to writefree.
Report sent to writefree. about Toyota Forecasts Operating Loss
This article is located at writefree.
Another scary story ... vial the Bloomberg
Dec. 22 (Bloomberg) -- Toyota Motor Corp., the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit. The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement today, scrapping a previous forecast of a 600 billion yen profit. “The environment we’re in is extremely tough,” President Katsuaki Watanabe told reporters today in Nagoya. “We’re facing an unprecedented emergency situation. Unfortunately, we can’t see the bottom.” Moody’s is reviewing the carmaker’s “Aaa” rating on $19 billion of debt, possibly boosting the company’s borrowing costs amid tightening credit markets and the worst U.S. auto sales in 26 years. Watanabe has cut contract jobs, production and executive pay including board-members’ bonuses this fiscal year in a bid to offset slumping demand and a strong yen. “Toyota’s cost-cutting can’t match plummeting sales,” said Koichi Ogawa, chief portfolio manager at Tokyo-based Daiwa SB Investments Ltd., which manages $28 billion. “Everyone is getting hurt with this situation.” The automaker lowered its net income forecast 91 percent to 50 billion yen. The last time Toyota posted an operating loss was in the year ended March 1938, said spokesman Hideaki Homma. The company revised its forecast for a second time even after adding in an expected gain of 130 billion yen from cost- cutting measures, Watanabe said. All capacity expansion projects have been postponed, he said. Toyota rose to 2,919.41 yen as of 11:07 a.m. in Frankfurt from 2,895 yen at the close of Tokyo Stock Exchange trading. Sales Forecast The carmaker’s sales in the U.S., traditionally its most profitable market, plunged 34 percent in November. Toyota’s European sales dropped 34 percent last month, according to the European Automobile Manufacturers Association in Brussels. The company today cut its vehicle sales forecast 8.5 percent to 7.54 million for the year ending March 31. It lowered its North America sales estimate by 10 percent to 2.17 million vehicles. In Europe, sales may total 1.04 million vehicles and at home it may sell 2.01 million. Automakers worldwide are cutting production as sales plummet. Toyota, which opened its seventh North American auto- assembly plant earlier this month, said it plans to further reduce production at factories in the U.S. and Canada. The automaker this year halted production of Tundra pickups at its San Antonio plant for more than three months. Production resumed in Texas in November with a single shift. Honda Earnings Honda Motor Co., Toyota’s closest domestic rival, slashed its earnings forecasts this month after the yen’s 25 percent gain against the dollar this year. Suzuki Motor Corp., Japan’s second largest minicar maker, today said it will cut domestic production by an additional 30,000 units to 1.16 million vehicles for the year ending March 31. Daihatsu Motor Co., Toyota’s minicar unit, said it will cut Japan production by 16,000 vehicles in the period. Japan’s exports plunged 26.7 percent last month from a year ago, the most on record, as global demand for cars and electronics collapsed. Shipments to the U.S. slid an unprecedented 34 percent, the Finance Ministry said. “Japan’s economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.,” said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. “Japan did nothing to prepare itself” for the collapse in demand from abroad. Across the industry, U.S. auto sales are down 16 percent this year, led by declines of 28 percent for Chrysler LLC, 22 percent for General Motors Corp. and 19 percent for Ford Motor Co. The three U.S. automakers will shutter about 59 factories over the next month as they struggle to avoid bankruptcy. Stronger Yen Compounding the drop in demand is the stronger yen, which erodes overseas profits for Japanese automakers. Every 1 yen gain against the dollar and euro trims Toyota’s annual operating profit by 40 billion yen and 6 billion yen, according to the company. The carmaker is basing its second-half earnings outlook on 93 yen to the dollar and 123 yen to the euro. The company expects a stronger yen will cut its operating profit by 200 billion yen for this fiscal year from its November forecast. Credit-Default Swaps Toyota’s 150 billion yen 1.33 percent bonds maturing in 2012 today traded at 40 basis points above Japan’s government debt, or a 1.015 percent yield, Japan Securities Dealers Association prices show. The notes traded at 25 basis points more than government bonds at the end of October. A basis point is 0.01 percentage point. The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite. To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net; Tetsuya Komatsu in Tokyo at tekomatsu@bloomberg.net Last Updated: December 22, 2008 06:03 EST
Toyota may post 1st parent operating loss in 71 yrs
The Nikkei business daily predicted Toyota would also report an operating loss at the consolidated ... note to clients that there was a "strong possibility" that Toyota's forecasts ...
more ...
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Cached
Toyota likely to report loss in second half
TOKYO (Reuters) - Toyota Motor Corp ( 7203.T ) is likely to further cut its earnings forecasts and report an operating loss of about 100 billion yen ($1 billion) in the October ...
more ...
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Cached
Toyota forecasts first operating loss
Toyota Motor Corp forecast a first-ever annual operating loss, blaming a relentless sales slide and
more ...
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Cached
Toyota Sees First Operating Loss - HispanicBusiness.com
Toyota Motor Corp, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the ...
more ...
go to website
Cached
Toyota projects operating loss for year
Toyota Motor Corp said Monday it forecast a first-ever operating loss in the year through March as the global economic crisis hits the auto industry hard
more ...
go to website
Cached
Toyota forecasts its first-ever operating loss
NAGOYA, Japan — Toyota Motor Corp. slashed its earnings forecast again today, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen. "The change that has hit the ...
more ...
go to website
Source: Detroit Free Press
NewsDateTime: 24 minutes ago
Toyota Forecasts Its First Operating Loss in 71 Years (Update3)
Dec. 22 (Bloomberg) -- Toyota Motor Corp. , the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit ...
more ...
go to website
Source: Bloomberg
NewsDateTime: 1 hour ago
Toyota forecasts its first operating loss
NAGOYA, JAPAN — Toyota Motor Corp. forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. Toyota, the world's biggest auto ...
more ...
go to website
Source: Globe and Mail
NewsDateTime: 1 hour ago
Toyota warns of first ever operating loss
Toyota Motor warned on Monday that it would post an operating loss for the first time in its 71-year history as a result of plunging sales and a surge in the value of the yen. The Japanese automaker, which had earned a reputation for turning a profit ...
more ...
go to website
Source: Financial Times
NewsDateTime: 38 minutes ago
Toyota forecasts first ever loss
Japanese car giant Toyota has forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen. The company said it expected a loss of 1.1 billion from its core operations. "This is very, very ...
more ...
go to website
Source: MSN UK News
NewsDateTime: 4 hours ago
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: Top Gear - killing a Toyota pt 1 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 3:56:51 AM
Title: Toyota human touch
Categories: human,Comedy,touch,Toyota,
Published on: 5/17/2006 5:18:21 AM
Title: Top Gear - killing a Toyota Pt 2 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:26:17 AM
Title: Top Gear - killing a Toyota Pt 3 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:32:13 AM
Title: Toyota Supra Compilation
Categories: Supra,Turbo,Toyota,Autos,
Published on: 10/9/2006 3:36:49 PM
Title Toyota Forecasts Operating Loss published to writefree.
Report sent to writefree. about Toyota Forecasts Operating Loss
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Another scary story ... vial the Bloomberg
Dec. 22 (Bloomberg) -- Toyota Motor Corp., the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit. The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement today, scrapping a previous forecast of a 600 billion yen profit. “The environment we’re in is extremely tough,” President Katsuaki Watanabe told reporters today in Nagoya. “We’re facing an unprecedented emergency situation. Unfortunately, we can’t see the bottom.” Moody’s is reviewing the carmaker’s “Aaa” rating on $19 billion of debt, possibly boosting the company’s borrowing costs amid tightening credit markets and the worst U.S. auto sales in 26 years. Watanabe has cut contract jobs, production and executive pay including board-members’ bonuses this fiscal year in a bid to offset slumping demand and a strong yen. “Toyota’s cost-cutting can’t match plummeting sales,” said Koichi Ogawa, chief portfolio manager at Tokyo-based Daiwa SB Investments Ltd., which manages $28 billion. “Everyone is getting hurt with this situation.” The automaker lowered its net income forecast 91 percent to 50 billion yen. The last time Toyota posted an operating loss was in the year ended March 1938, said spokesman Hideaki Homma. The company revised its forecast for a second time even after adding in an expected gain of 130 billion yen from cost- cutting measures, Watanabe said. All capacity expansion projects have been postponed, he said. Toyota rose to 2,919.41 yen as of 11:07 a.m. in Frankfurt from 2,895 yen at the close of Tokyo Stock Exchange trading. Sales Forecast The carmaker’s sales in the U.S., traditionally its most profitable market, plunged 34 percent in November. Toyota’s European sales dropped 34 percent last month, according to the European Automobile Manufacturers Association in Brussels. The company today cut its vehicle sales forecast 8.5 percent to 7.54 million for the year ending March 31. It lowered its North America sales estimate by 10 percent to 2.17 million vehicles. In Europe, sales may total 1.04 million vehicles and at home it may sell 2.01 million. Automakers worldwide are cutting production as sales plummet. Toyota, which opened its seventh North American auto- assembly plant earlier this month, said it plans to further reduce production at factories in the U.S. and Canada. The automaker this year halted production of Tundra pickups at its San Antonio plant for more than three months. Production resumed in Texas in November with a single shift. Honda Earnings Honda Motor Co., Toyota’s closest domestic rival, slashed its earnings forecasts this month after the yen’s 25 percent gain against the dollar this year. Suzuki Motor Corp., Japan’s second largest minicar maker, today said it will cut domestic production by an additional 30,000 units to 1.16 million vehicles for the year ending March 31. Daihatsu Motor Co., Toyota’s minicar unit, said it will cut Japan production by 16,000 vehicles in the period. Japan’s exports plunged 26.7 percent last month from a year ago, the most on record, as global demand for cars and electronics collapsed. Shipments to the U.S. slid an unprecedented 34 percent, the Finance Ministry said. “Japan’s economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.,” said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. “Japan did nothing to prepare itself” for the collapse in demand from abroad. Across the industry, U.S. auto sales are down 16 percent this year, led by declines of 28 percent for Chrysler LLC, 22 percent for General Motors Corp. and 19 percent for Ford Motor Co. The three U.S. automakers will shutter about 59 factories over the next month as they struggle to avoid bankruptcy. Stronger Yen Compounding the drop in demand is the stronger yen, which erodes overseas profits for Japanese automakers. Every 1 yen gain against the dollar and euro trims Toyota’s annual operating profit by 40 billion yen and 6 billion yen, according to the company. The carmaker is basing its second-half earnings outlook on 93 yen to the dollar and 123 yen to the euro. The company expects a stronger yen will cut its operating profit by 200 billion yen for this fiscal year from its November forecast. Credit-Default Swaps Toyota’s 150 billion yen 1.33 percent bonds maturing in 2012 today traded at 40 basis points above Japan’s government debt, or a 1.015 percent yield, Japan Securities Dealers Association prices show. The notes traded at 25 basis points more than government bonds at the end of October. A basis point is 0.01 percentage point. The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite. To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net; Tetsuya Komatsu in Tokyo at tekomatsu@bloomberg.net Last Updated: December 22, 2008 06:03 EST
Toyota may post 1st parent operating loss in 71 yrs
The Nikkei business daily predicted Toyota would also report an operating loss at the consolidated ... note to clients that there was a "strong possibility" that Toyota's forecasts ...
more ...
go to website
Cached
Toyota likely to report loss in second half
TOKYO (Reuters) - Toyota Motor Corp ( 7203.T ) is likely to further cut its earnings forecasts and report an operating loss of about 100 billion yen ($1 billion) in the October ...
more ...
go to website
Cached
Toyota forecasts first operating loss
Toyota Motor Corp forecast a first-ever annual operating loss, blaming a relentless sales slide and
more ...
go to website
Cached
Toyota Sees First Operating Loss - HispanicBusiness.com
Toyota Motor Corp, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the ...
more ...
go to website
Cached
Toyota projects operating loss for year
Toyota Motor Corp said Monday it forecast a first-ever operating loss in the year through March as the global economic crisis hits the auto industry hard
more ...
go to website
Cached
Toyota forecasts its first-ever operating loss
NAGOYA, Japan — Toyota Motor Corp. slashed its earnings forecast again today, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen. "The change that has hit the ...
more ...
go to website
Source: Detroit Free Press
NewsDateTime: 24 minutes ago
Toyota Forecasts Its First Operating Loss in 71 Years (Update3)
Dec. 22 (Bloomberg) -- Toyota Motor Corp. , the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit ...
more ...
go to website
Source: Bloomberg
NewsDateTime: 1 hour ago
Toyota forecasts its first operating loss
NAGOYA, JAPAN — Toyota Motor Corp. forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. Toyota, the world's biggest auto ...
more ...
go to website
Source: Globe and Mail
NewsDateTime: 1 hour ago
Toyota warns of first ever operating loss
Toyota Motor warned on Monday that it would post an operating loss for the first time in its 71-year history as a result of plunging sales and a surge in the value of the yen. The Japanese automaker, which had earned a reputation for turning a profit ...
more ...
go to website
Source: Financial Times
NewsDateTime: 38 minutes ago
Toyota forecasts first ever loss
Japanese car giant Toyota has forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen. The company said it expected a loss of 1.1 billion from its core operations. "This is very, very ...
more ...
go to website
Source: MSN UK News
NewsDateTime: 4 hours ago
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: Top Gear - killing a Toyota pt 1 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 3:56:51 AM
Title: Toyota human touch
Categories: human,Comedy,touch,Toyota,
Published on: 5/17/2006 5:18:21 AM
Title: Top Gear - killing a Toyota Pt 2 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:26:17 AM
Title: Top Gear - killing a Toyota Pt 3 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:32:13 AM
Title: Toyota Supra Compilation
Categories: Supra,Turbo,Toyota,Autos,
Published on: 10/9/2006 3:36:49 PM
Toyota Forecasts Operating Loss
A writefree. Production
Title Toyota Forecasts Operating Loss published to writefree.
Report sent to writefree. about Toyota Forecasts Operating Loss
This article is located at writefree.
Another scary story ... vial the Bloomberg
Dec. 22 (Bloomberg) -- Toyota Motor Corp., the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit. The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement today, scrapping a previous forecast of a 600 billion yen profit. “The environment we’re in is extremely tough,” President Katsuaki Watanabe told reporters today in Nagoya. “We’re facing an unprecedented emergency situation. Unfortunately, we can’t see the bottom.” Moody’s is reviewing the carmaker’s “Aaa” rating on $19 billion of debt, possibly boosting the company’s borrowing costs amid tightening credit markets and the worst U.S. auto sales in 26 years. Watanabe has cut contract jobs, production and executive pay including board-members’ bonuses this fiscal year in a bid to offset slumping demand and a strong yen. “Toyota’s cost-cutting can’t match plummeting sales,” said Koichi Ogawa, chief portfolio manager at Tokyo-based Daiwa SB Investments Ltd., which manages $28 billion. “Everyone is getting hurt with this situation.” The automaker lowered its net income forecast 91 percent to 50 billion yen. The last time Toyota posted an operating loss was in the year ended March 1938, said spokesman Hideaki Homma. The company revised its forecast for a second time even after adding in an expected gain of 130 billion yen from cost- cutting measures, Watanabe said. All capacity expansion projects have been postponed, he said. Toyota rose to 2,919.41 yen as of 11:07 a.m. in Frankfurt from 2,895 yen at the close of Tokyo Stock Exchange trading. Sales Forecast The carmaker’s sales in the U.S., traditionally its most profitable market, plunged 34 percent in November. Toyota’s European sales dropped 34 percent last month, according to the European Automobile Manufacturers Association in Brussels. The company today cut its vehicle sales forecast 8.5 percent to 7.54 million for the year ending March 31. It lowered its North America sales estimate by 10 percent to 2.17 million vehicles. In Europe, sales may total 1.04 million vehicles and at home it may sell 2.01 million. Automakers worldwide are cutting production as sales plummet. Toyota, which opened its seventh North American auto- assembly plant earlier this month, said it plans to further reduce production at factories in the U.S. and Canada. The automaker this year halted production of Tundra pickups at its San Antonio plant for more than three months. Production resumed in Texas in November with a single shift. Honda Earnings Honda Motor Co., Toyota’s closest domestic rival, slashed its earnings forecasts this month after the yen’s 25 percent gain against the dollar this year. Suzuki Motor Corp., Japan’s second largest minicar maker, today said it will cut domestic production by an additional 30,000 units to 1.16 million vehicles for the year ending March 31. Daihatsu Motor Co., Toyota’s minicar unit, said it will cut Japan production by 16,000 vehicles in the period. Japan’s exports plunged 26.7 percent last month from a year ago, the most on record, as global demand for cars and electronics collapsed. Shipments to the U.S. slid an unprecedented 34 percent, the Finance Ministry said. “Japan’s economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.,” said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. “Japan did nothing to prepare itself” for the collapse in demand from abroad. Across the industry, U.S. auto sales are down 16 percent this year, led by declines of 28 percent for Chrysler LLC, 22 percent for General Motors Corp. and 19 percent for Ford Motor Co. The three U.S. automakers will shutter about 59 factories over the next month as they struggle to avoid bankruptcy. Stronger Yen Compounding the drop in demand is the stronger yen, which erodes overseas profits for Japanese automakers. Every 1 yen gain against the dollar and euro trims Toyota’s annual operating profit by 40 billion yen and 6 billion yen, according to the company. The carmaker is basing its second-half earnings outlook on 93 yen to the dollar and 123 yen to the euro. The company expects a stronger yen will cut its operating profit by 200 billion yen for this fiscal year from its November forecast. Credit-Default Swaps Toyota’s 150 billion yen 1.33 percent bonds maturing in 2012 today traded at 40 basis points above Japan’s government debt, or a 1.015 percent yield, Japan Securities Dealers Association prices show. The notes traded at 25 basis points more than government bonds at the end of October. A basis point is 0.01 percentage point. The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite. To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net; Tetsuya Komatsu in Tokyo at tekomatsu@bloomberg.net Last Updated: December 22, 2008 06:03 EST
Toyota may post 1st parent operating loss in 71 yrs
The Nikkei business daily predicted Toyota would also report an operating loss at the consolidated ... note to clients that there was a "strong possibility" that Toyota's forecasts ...
more ...
go to website
Cached
Toyota likely to report loss in second half
TOKYO (Reuters) - Toyota Motor Corp ( 7203.T ) is likely to further cut its earnings forecasts and report an operating loss of about 100 billion yen ($1 billion) in the October ...
more ...
go to website
Cached
Toyota forecasts first operating loss
Toyota Motor Corp forecast a first-ever annual operating loss, blaming a relentless sales slide and
more ...
go to website
Cached
Toyota Sees First Operating Loss - HispanicBusiness.com
Toyota Motor Corp, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the ...
more ...
go to website
Cached
Toyota projects operating loss for year
Toyota Motor Corp said Monday it forecast a first-ever operating loss in the year through March as the global economic crisis hits the auto industry hard
more ...
go to website
Cached
Toyota forecasts its first-ever operating loss
NAGOYA, Japan — Toyota Motor Corp. slashed its earnings forecast again today, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen. "The change that has hit the ...
more ...
go to website
Source: Detroit Free Press
NewsDateTime: 24 minutes ago
Toyota Forecasts Its First Operating Loss in 71 Years (Update3)
Dec. 22 (Bloomberg) -- Toyota Motor Corp. , the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit ...
more ...
go to website
Source: Bloomberg
NewsDateTime: 1 hour ago
Toyota forecasts its first operating loss
NAGOYA, JAPAN — Toyota Motor Corp. forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. Toyota, the world's biggest auto ...
more ...
go to website
Source: Globe and Mail
NewsDateTime: 1 hour ago
Toyota warns of first ever operating loss
Toyota Motor warned on Monday that it would post an operating loss for the first time in its 71-year history as a result of plunging sales and a surge in the value of the yen. The Japanese automaker, which had earned a reputation for turning a profit ...
more ...
go to website
Source: Financial Times
NewsDateTime: 38 minutes ago
Toyota forecasts first ever loss
Japanese car giant Toyota has forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen. The company said it expected a loss of 1.1 billion from its core operations. "This is very, very ...
more ...
go to website
Source: MSN UK News
NewsDateTime: 4 hours ago
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
Videos from YouTube
Title: Top Gear - killing a Toyota pt 1 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 3:56:51 AM
Title: Toyota human touch
Categories: human,Comedy,touch,Toyota,
Published on: 5/17/2006 5:18:21 AM
Title: Top Gear - killing a Toyota Pt 2 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:26:17 AM
Title: Top Gear - killing a Toyota Pt 3 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:32:13 AM
Title: Toyota Supra Compilation
Categories: Supra,Turbo,Toyota,Autos,
Published on: 10/9/2006 3:36:49 PM
Title Toyota Forecasts Operating Loss published to writefree.
Report sent to writefree. about Toyota Forecasts Operating Loss
This article is located at writefree.
Another scary story ... vial the Bloomberg
Dec. 22 (Bloomberg) -- Toyota Motor Corp., the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit. The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement today, scrapping a previous forecast of a 600 billion yen profit. “The environment we’re in is extremely tough,” President Katsuaki Watanabe told reporters today in Nagoya. “We’re facing an unprecedented emergency situation. Unfortunately, we can’t see the bottom.” Moody’s is reviewing the carmaker’s “Aaa” rating on $19 billion of debt, possibly boosting the company’s borrowing costs amid tightening credit markets and the worst U.S. auto sales in 26 years. Watanabe has cut contract jobs, production and executive pay including board-members’ bonuses this fiscal year in a bid to offset slumping demand and a strong yen. “Toyota’s cost-cutting can’t match plummeting sales,” said Koichi Ogawa, chief portfolio manager at Tokyo-based Daiwa SB Investments Ltd., which manages $28 billion. “Everyone is getting hurt with this situation.” The automaker lowered its net income forecast 91 percent to 50 billion yen. The last time Toyota posted an operating loss was in the year ended March 1938, said spokesman Hideaki Homma. The company revised its forecast for a second time even after adding in an expected gain of 130 billion yen from cost- cutting measures, Watanabe said. All capacity expansion projects have been postponed, he said. Toyota rose to 2,919.41 yen as of 11:07 a.m. in Frankfurt from 2,895 yen at the close of Tokyo Stock Exchange trading. Sales Forecast The carmaker’s sales in the U.S., traditionally its most profitable market, plunged 34 percent in November. Toyota’s European sales dropped 34 percent last month, according to the European Automobile Manufacturers Association in Brussels. The company today cut its vehicle sales forecast 8.5 percent to 7.54 million for the year ending March 31. It lowered its North America sales estimate by 10 percent to 2.17 million vehicles. In Europe, sales may total 1.04 million vehicles and at home it may sell 2.01 million. Automakers worldwide are cutting production as sales plummet. Toyota, which opened its seventh North American auto- assembly plant earlier this month, said it plans to further reduce production at factories in the U.S. and Canada. The automaker this year halted production of Tundra pickups at its San Antonio plant for more than three months. Production resumed in Texas in November with a single shift. Honda Earnings Honda Motor Co., Toyota’s closest domestic rival, slashed its earnings forecasts this month after the yen’s 25 percent gain against the dollar this year. Suzuki Motor Corp., Japan’s second largest minicar maker, today said it will cut domestic production by an additional 30,000 units to 1.16 million vehicles for the year ending March 31. Daihatsu Motor Co., Toyota’s minicar unit, said it will cut Japan production by 16,000 vehicles in the period. Japan’s exports plunged 26.7 percent last month from a year ago, the most on record, as global demand for cars and electronics collapsed. Shipments to the U.S. slid an unprecedented 34 percent, the Finance Ministry said. “Japan’s economy has never weaned itself off of the overbearing reliance on exports, and especially to the U.S.,” said Kirby Daley, senior strategist and head of capital introductions at Newedge Group. “Japan did nothing to prepare itself” for the collapse in demand from abroad. Across the industry, U.S. auto sales are down 16 percent this year, led by declines of 28 percent for Chrysler LLC, 22 percent for General Motors Corp. and 19 percent for Ford Motor Co. The three U.S. automakers will shutter about 59 factories over the next month as they struggle to avoid bankruptcy. Stronger Yen Compounding the drop in demand is the stronger yen, which erodes overseas profits for Japanese automakers. Every 1 yen gain against the dollar and euro trims Toyota’s annual operating profit by 40 billion yen and 6 billion yen, according to the company. The carmaker is basing its second-half earnings outlook on 93 yen to the dollar and 123 yen to the euro. The company expects a stronger yen will cut its operating profit by 200 billion yen for this fiscal year from its November forecast. Credit-Default Swaps Toyota’s 150 billion yen 1.33 percent bonds maturing in 2012 today traded at 40 basis points above Japan’s government debt, or a 1.015 percent yield, Japan Securities Dealers Association prices show. The notes traded at 25 basis points more than government bonds at the end of October. A basis point is 0.01 percentage point. The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite. To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net; Tetsuya Komatsu in Tokyo at tekomatsu@bloomberg.net Last Updated: December 22, 2008 06:03 EST
Toyota may post 1st parent operating loss in 71 yrs
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Toyota likely to report loss in second half
TOKYO (Reuters) - Toyota Motor Corp ( 7203.T ) is likely to further cut its earnings forecasts and report an operating loss of about 100 billion yen ($1 billion) in the October ...
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Toyota forecasts first operating loss
Toyota Motor Corp forecast a first-ever annual operating loss, blaming a relentless sales slide and
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Toyota Sees First Operating Loss - HispanicBusiness.com
Toyota Motor Corp, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the ...
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Toyota projects operating loss for year
Toyota Motor Corp said Monday it forecast a first-ever operating loss in the year through March as the global economic crisis hits the auto industry hard
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Toyota forecasts its first-ever operating loss
NAGOYA, Japan — Toyota Motor Corp. slashed its earnings forecast again today, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen. "The change that has hit the ...
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Source: Detroit Free Press
NewsDateTime: 24 minutes ago
Toyota Forecasts Its First Operating Loss in 71 Years (Update3)
Dec. 22 (Bloomberg) -- Toyota Motor Corp. , the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit ...
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Source: Bloomberg
NewsDateTime: 1 hour ago
Toyota forecasts its first operating loss
NAGOYA, JAPAN — Toyota Motor Corp. forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen in what it said was an emergency unprecedented in its 70-year history. Toyota, the world's biggest auto ...
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Source: Globe and Mail
NewsDateTime: 1 hour ago
Toyota warns of first ever operating loss
Toyota Motor warned on Monday that it would post an operating loss for the first time in its 71-year history as a result of plunging sales and a surge in the value of the yen. The Japanese automaker, which had earned a reputation for turning a profit ...
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Source: Financial Times
NewsDateTime: 38 minutes ago
Toyota forecasts first ever loss
Japanese car giant Toyota has forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen. The company said it expected a loss of 1.1 billion from its core operations. "This is very, very ...
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Source: MSN UK News
NewsDateTime: 4 hours ago
The cost of default protection on Toyota debt rose 3 basis points to 217 basis points, according to CMA Datavision prices for credit-default swaps. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year. Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. A rise indicates deterioration in the perception of credit quality; a decline signals the opposite.
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Title: Top Gear - killing a Toyota pt 1 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 3:56:51 AM
Title: Toyota human touch
Categories: human,Comedy,touch,Toyota,
Published on: 5/17/2006 5:18:21 AM
Title: Top Gear - killing a Toyota Pt 2 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:26:17 AM
Title: Top Gear - killing a Toyota Pt 3 - BBC
Categories: engines,power,Richard,Top,Gear,cars,citroen,prices,BBC,fuel,toyota,diesel,racing,Hammond,used,new,Autos,
Published on: 3/30/2007 4:32:13 AM
Title: Toyota Supra Compilation
Categories: Supra,Turbo,Toyota,Autos,
Published on: 10/9/2006 3:36:49 PM
Denver nightmare and a miracle
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Title Denver nightmare and a miracle published to writefree.
Report sent to writefree. about Denver nightmare and a miracle
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What a story ... vialatimes s the plane sped down a gully, engine ablaze, a father gripped his 1-year-old boy. Rescuers arrived bracing for the worst. By DeeDee Correll December 22, 2008 Reporting from Denver -- Gabriel Trejos isn't a nervous airplane passenger. He enjoyed flying and had entertained thoughts of getting a pilot's license. So when he and his wife, Maria, settled into their seats in Row 19 on Continental Flight 1404, heading to Houston to spend Christmas with his father, he felt relaxed. * Continental flight veers off Denver runway, injures dozens He hoisted his 13-month-old son, Elijah, onto his lap to point out the lights on the runway. "It was a good day to fly," Trejos recalled. Minutes later, the plane gathered speed for takeoff. Then it hurtled off the runway, racing over snow and grass and sliding down a gully. Maria, pregnant, gripped her seat. The seats buckled, and Trejos braced his knees against them, fearing they would crush his son. "It was the worst feeling in the world," said Trejos, 28, one of 115 aboard the Boeing 737 on Saturday evening at Denver International Airport. The flight, Trejos said, began normally, although he heard an announcement about engine trouble as he boarded. But it didn't seem to him that much time was spent on the problem. As the aircraft slid downhill, Trejos saw flames in the engine outside his window. Finally the plane stopped. The air grew smoky. "Get out of the plane," passengers yelled. The firefighters of Station 31 were just sitting down to dinner when the red overhead alarm connecting them to Denver International Airport's control tower began flashing. That means a plane in trouble -- engine problems perhaps, or stuck flaps -- and it goes off frequently enough that no one was nervous. Usually they climb into their rigs and wait at the side of the runway. Trouble is rare: The airport, which opened in 1995, had had no serious incidents. The last crash in Denver had been in 1987, when a Continental flight crashed in bad weather at the previous airport, Stapleton, killing 28. But this time, at 6:18 p.m. Saturday, a voice from the tower announced a crash on Runway 34-R. "Did he just say what I thought he said?" asked firefighter Jason Cole. From the four city fire stations spread around the 53-square-mile airport, firefighters stopped what they were doing. At Station 31, Randall Kemp abandoned plans for dinner. At Concourse A, where Cole and Capt. Mike Benton had been awaiting a passenger arriving with a medical problem, the two took off running. Firefighters converged on the west airfield, searching in the darkness for any sign of a plane and spotting smoke and flashes of fire in a gully beyond the runway. As they approached, the plane smoldered, and flames shot up 20 feet. In the cabin, passengers rushed for the exits, although to Trejos' disbelief, several people first tried to retrieve their luggage. He and his wife were sitting between two exits. When people thronged toward the rear exit, Trejos and his wife headed to the one in front. Trejos, with Elijah in his arms, climbed onto the icy wing of the plane, now resting on its belly, and dropped a short distance to the ground. His wife followed. As the firefighters arrived, they saw passengers hiking toward them, some weeping, others eerily calm. Most shivered in their shirt sleeves in the single-digit temperatures; they'd left their coats behind. Those who had jackets offered them to Trejos to keep Elijah warm. Several had head injuries and one flight attendant had a sprained ankle, but most were able to walk on their own, said Capt. Tom Gliver. In all, 38 were injured. "It was surreal," said Bill Davis, an assistant fire chief and incident commander. He said firefighters train daily for such situations, but none of them had experienced it, at least not at Denver International. They knew what to do: One group attacks the fire, another assists injured passengers and another climbs inside the plane to search for survivors. Cole, 37, clambered up the slide, which was slick with foam that other firefighters sprayed on the plane, and braced himself. "I was expecting the worst," he said.
On a Denver runway, a nightmare and a miracle - Los Angeles Times
The firefighters of Station 31 were just sitting down to dinner when the red overhead alarm connecting them to Denver International Airport's control tower began flashing.
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On a Denver runway, a nightmare and a miracle - Los Angeles Times
Gabriel Trejos isn't a nervous airplane passenger. ... The passengers and crew were able to escape. The plane burned completely through on the right side.
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Miracle in the Andes | Denver Spanish House
A page turning memoir, Miracle in the Andes recounts the ... player looking forward to a holiday in Chile to a nightmare ... Denver Spanish House newsletter
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Trio Solutions Blog » Blog Archive » Pray for a Miracle
Denver’s Delectable Egg » ... Our worst nightmare came true! Our server crashed (thanks to ... In the meantime, let’s hope the miracle workers at Data ...
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Almost a nightmare for Dream Team
Almost a nightmare for Dream Team . McDyess awakens in time to save U.S. from disastrous first ... Lithuania's bid for a miracle ended ...
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On a Denver runway, a nightmare and a miracle
The wreckage of a 737 Continental plane sits at Denver International Airport on Sunday, Dec. 21. As the plane sped down a gully, engine ablaze, a father gripped his 1-year-old boy. Rescuers arrived bracing for the worst. Reporting from Denver ...
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Source: Los Angeles Times
NewsDateTime: 3 hours ago
NFL Preview - N.Y. Jets (9-5) at Seattle (3-11)
... an otherwise meaningless penultimate weekend during what's proven to be a nightmare ... East crown in franchise history, but - based on performances in losses to Denver ... You knew you were going to fail unless there was a miracle. And it never came."more ...
go to website
Source: Kansas City Star
NewsDateTime: 12/18/2008
Snap Judgments for Week 15
... Joe Pisarcik , Larry Csonka and Herman Edwards were involved, and the term "Miracle at ... two weeks, and you have to think the Lions have a decent shot to end their nightmare ... And while we're at it, Denver is the other likely western champion that doesn't ...
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Source: CNN Sports Illustrated
NewsDateTime: 12/15/2008
Holiday TV guide
12 a.m. Christmas to the Extreme A look at Christmas festivities features several individuals who celebrate the holiday season in the most elaborate ways possible. TV G. (TRAV) 2:30 a.m. Fresh Prince of Bel-Air Deck the Halls Will decorates for the ...
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Source: The Shreveport Times
NewsDateTime: 12/18/2008
If the Jets reach the postseason, they should vote J.P. Losman a ...
... Joe Pisarcik, Larry Csonka and Herman Edwards were involved, and the term "Miracle at ... two weeks, and you have to think the Lions have a decent shot to end their nightmare ... And while we're at it, Denver is the other likely western champion that doesn't ...
more ...
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Source: CNN Sports Illustrated
NewsDateTime: 12/14/2008
So was Benton, 55, who entered after Cole. "I took a little pause. I thought, 'This is going to be terrible.' " It was black within. Cole, breathing through an oxygen tank, started down the aisle on his knees, groping with gloved hands for anything that felt human. Outside, firefighters aimed foam at the plane, and the spray blasted through the skin of the aircraft, dousing Cole in the face. * Continental flight veers off Denver runway, injures dozens An obstacle blocked the aisle, so he started climbing over the seats, running his hands over cushions, patting luggage. What he feared most, he said, was that a child was unconscious under a seat. Benton followed holding a thermal imager, a device that looks like a camcorder and detects body heat. He pointed it down each row. Nothing. "I was overjoyed," he said later. "Not a soul was on that plane." By Sunday, the National Transportation Safety Board had begun an investigation. The Wall Street Journal, citing unnamed sources close to the investigation, reported that the plane's brakes malfunctioned, causing the fuselage to buckle and sparking a fire. At the station, the firefighters remained on duty, halfway through a 48-hour shift. They returned to the plane periodically, making sure the fire had not reignited. Coated with frozen foam, the aircraft had burned completely through on the right side. "You can see right into the cabin," Kemp said. "It could have been horrible," Davis said. "It was a miracle." "A Christmas miracle," Benton said. Back in their home in the southern Colorado city of Pueblo West, the Trejoses scrapped their plans to spend Christmas in Houston. "We just looked at each other and said, 'That's it. No more flying,' " Trejos said. "That was pretty bad. Every time I close my eyes, I see it."
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Title: Best Crashes Red Bull Soap Box Red Rocks Denver Colorado
Categories: Box,Durby,Rock,Rocks,Bull,Redbull,2008,Ouch,Soapbox,Sports,Red,Best,Soap,Crashes,Derby,Funny,Crash,Greatest,Funniest,Denver,Colorado,
Published on: 10/27/2008 3:25:42 AM
Title: Crash Worship part 1 of 4 Denver 7/13/91 Junkyard
Categories: neopagan,fire,Worship,ADRV,Crash,live,Denver,1991,Music,
Published on: 8/8/2008 6:54:04 AM
Title: Crash Worship part 2 of 4 Denver 7/13/91 Junkyard
Categories: neopagan,fire,Worship,ADRV,Crash,live,Denver,1991,Music,
Published on: 8/8/2008 5:14:22 PM
Title: NTSB Seeks Clues in Denver Airport Accident
Categories: News,airport,ntsb,accident,seeks,denver,clues,
Published on: 12/21/2008 8:49:41 PM
Title: Crash Worship part 3 of 4 Denver 7/13/91 Junkyard
Categories: neopagan,fire,Worship,ADRV,Crash,live,Denver,1991,Music,
Published on: 8/8/2008 10:23:55 PM
Title Denver nightmare and a miracle published to writefree.
Report sent to writefree. about Denver nightmare and a miracle
This article is located at writefree.
What a story ... vialatimes s the plane sped down a gully, engine ablaze, a father gripped his 1-year-old boy. Rescuers arrived bracing for the worst. By DeeDee Correll December 22, 2008 Reporting from Denver -- Gabriel Trejos isn't a nervous airplane passenger. He enjoyed flying and had entertained thoughts of getting a pilot's license. So when he and his wife, Maria, settled into their seats in Row 19 on Continental Flight 1404, heading to Houston to spend Christmas with his father, he felt relaxed. * Continental flight veers off Denver runway, injures dozens He hoisted his 13-month-old son, Elijah, onto his lap to point out the lights on the runway. "It was a good day to fly," Trejos recalled. Minutes later, the plane gathered speed for takeoff. Then it hurtled off the runway, racing over snow and grass and sliding down a gully. Maria, pregnant, gripped her seat. The seats buckled, and Trejos braced his knees against them, fearing they would crush his son. "It was the worst feeling in the world," said Trejos, 28, one of 115 aboard the Boeing 737 on Saturday evening at Denver International Airport. The flight, Trejos said, began normally, although he heard an announcement about engine trouble as he boarded. But it didn't seem to him that much time was spent on the problem. As the aircraft slid downhill, Trejos saw flames in the engine outside his window. Finally the plane stopped. The air grew smoky. "Get out of the plane," passengers yelled. The firefighters of Station 31 were just sitting down to dinner when the red overhead alarm connecting them to Denver International Airport's control tower began flashing. That means a plane in trouble -- engine problems perhaps, or stuck flaps -- and it goes off frequently enough that no one was nervous. Usually they climb into their rigs and wait at the side of the runway. Trouble is rare: The airport, which opened in 1995, had had no serious incidents. The last crash in Denver had been in 1987, when a Continental flight crashed in bad weather at the previous airport, Stapleton, killing 28. But this time, at 6:18 p.m. Saturday, a voice from the tower announced a crash on Runway 34-R. "Did he just say what I thought he said?" asked firefighter Jason Cole. From the four city fire stations spread around the 53-square-mile airport, firefighters stopped what they were doing. At Station 31, Randall Kemp abandoned plans for dinner. At Concourse A, where Cole and Capt. Mike Benton had been awaiting a passenger arriving with a medical problem, the two took off running. Firefighters converged on the west airfield, searching in the darkness for any sign of a plane and spotting smoke and flashes of fire in a gully beyond the runway. As they approached, the plane smoldered, and flames shot up 20 feet. In the cabin, passengers rushed for the exits, although to Trejos' disbelief, several people first tried to retrieve their luggage. He and his wife were sitting between two exits. When people thronged toward the rear exit, Trejos and his wife headed to the one in front. Trejos, with Elijah in his arms, climbed onto the icy wing of the plane, now resting on its belly, and dropped a short distance to the ground. His wife followed. As the firefighters arrived, they saw passengers hiking toward them, some weeping, others eerily calm. Most shivered in their shirt sleeves in the single-digit temperatures; they'd left their coats behind. Those who had jackets offered them to Trejos to keep Elijah warm. Several had head injuries and one flight attendant had a sprained ankle, but most were able to walk on their own, said Capt. Tom Gliver. In all, 38 were injured. "It was surreal," said Bill Davis, an assistant fire chief and incident commander. He said firefighters train daily for such situations, but none of them had experienced it, at least not at Denver International. They knew what to do: One group attacks the fire, another assists injured passengers and another climbs inside the plane to search for survivors. Cole, 37, clambered up the slide, which was slick with foam that other firefighters sprayed on the plane, and braced himself. "I was expecting the worst," he said.
On a Denver runway, a nightmare and a miracle - Los Angeles Times
The firefighters of Station 31 were just sitting down to dinner when the red overhead alarm connecting them to Denver International Airport's control tower began flashing.
more ...
go to website
Cached
On a Denver runway, a nightmare and a miracle - Los Angeles Times
Gabriel Trejos isn't a nervous airplane passenger. ... The passengers and crew were able to escape. The plane burned completely through on the right side.
more ...
go to website
Cached
Miracle in the Andes | Denver Spanish House
A page turning memoir, Miracle in the Andes recounts the ... player looking forward to a holiday in Chile to a nightmare ... Denver Spanish House newsletter
more ...
go to website
Cached
Trio Solutions Blog » Blog Archive » Pray for a Miracle
Denver’s Delectable Egg » ... Our worst nightmare came true! Our server crashed (thanks to ... In the meantime, let’s hope the miracle workers at Data ...
more ...
go to website
Cached
Almost a nightmare for Dream Team
Almost a nightmare for Dream Team . McDyess awakens in time to save U.S. from disastrous first ... Lithuania's bid for a miracle ended ...
more ...
go to website
Cached
On a Denver runway, a nightmare and a miracle
The wreckage of a 737 Continental plane sits at Denver International Airport on Sunday, Dec. 21. As the plane sped down a gully, engine ablaze, a father gripped his 1-year-old boy. Rescuers arrived bracing for the worst. Reporting from Denver ...
more ...
go to website
Source: Los Angeles Times
NewsDateTime: 3 hours ago
NFL Preview - N.Y. Jets (9-5) at Seattle (3-11)
... an otherwise meaningless penultimate weekend during what's proven to be a nightmare ... East crown in franchise history, but - based on performances in losses to Denver ... You knew you were going to fail unless there was a miracle. And it never came."more ...
go to website
Source: Kansas City Star
NewsDateTime: 12/18/2008
Snap Judgments for Week 15
... Joe Pisarcik , Larry Csonka and Herman Edwards were involved, and the term "Miracle at ... two weeks, and you have to think the Lions have a decent shot to end their nightmare ... And while we're at it, Denver is the other likely western champion that doesn't ...
more ...
go to website
Source: CNN Sports Illustrated
NewsDateTime: 12/15/2008
Holiday TV guide
12 a.m. Christmas to the Extreme A look at Christmas festivities features several individuals who celebrate the holiday season in the most elaborate ways possible. TV G. (TRAV) 2:30 a.m. Fresh Prince of Bel-Air Deck the Halls Will decorates for the ...
more ...
go to website
Source: The Shreveport Times
NewsDateTime: 12/18/2008
If the Jets reach the postseason, they should vote J.P. Losman a ...
... Joe Pisarcik, Larry Csonka and Herman Edwards were involved, and the term "Miracle at ... two weeks, and you have to think the Lions have a decent shot to end their nightmare ... And while we're at it, Denver is the other likely western champion that doesn't ...
more ...
go to website
Source: CNN Sports Illustrated
NewsDateTime: 12/14/2008
So was Benton, 55, who entered after Cole. "I took a little pause. I thought, 'This is going to be terrible.' " It was black within. Cole, breathing through an oxygen tank, started down the aisle on his knees, groping with gloved hands for anything that felt human. Outside, firefighters aimed foam at the plane, and the spray blasted through the skin of the aircraft, dousing Cole in the face. * Continental flight veers off Denver runway, injures dozens An obstacle blocked the aisle, so he started climbing over the seats, running his hands over cushions, patting luggage. What he feared most, he said, was that a child was unconscious under a seat. Benton followed holding a thermal imager, a device that looks like a camcorder and detects body heat. He pointed it down each row. Nothing. "I was overjoyed," he said later. "Not a soul was on that plane." By Sunday, the National Transportation Safety Board had begun an investigation. The Wall Street Journal, citing unnamed sources close to the investigation, reported that the plane's brakes malfunctioned, causing the fuselage to buckle and sparking a fire. At the station, the firefighters remained on duty, halfway through a 48-hour shift. They returned to the plane periodically, making sure the fire had not reignited. Coated with frozen foam, the aircraft had burned completely through on the right side. "You can see right into the cabin," Kemp said. "It could have been horrible," Davis said. "It was a miracle." "A Christmas miracle," Benton said. Back in their home in the southern Colorado city of Pueblo West, the Trejoses scrapped their plans to spend Christmas in Houston. "We just looked at each other and said, 'That's it. No more flying,' " Trejos said. "That was pretty bad. Every time I close my eyes, I see it."
Videos from YouTube
Title: Best Crashes Red Bull Soap Box Red Rocks Denver Colorado
Categories: Box,Durby,Rock,Rocks,Bull,Redbull,2008,Ouch,Soapbox,Sports,Red,Best,Soap,Crashes,Derby,Funny,Crash,Greatest,Funniest,Denver,Colorado,
Published on: 10/27/2008 3:25:42 AM
Title: Crash Worship part 1 of 4 Denver 7/13/91 Junkyard
Categories: neopagan,fire,Worship,ADRV,Crash,live,Denver,1991,Music,
Published on: 8/8/2008 6:54:04 AM
Title: Crash Worship part 2 of 4 Denver 7/13/91 Junkyard
Categories: neopagan,fire,Worship,ADRV,Crash,live,Denver,1991,Music,
Published on: 8/8/2008 5:14:22 PM
Title: NTSB Seeks Clues in Denver Airport Accident
Categories: News,airport,ntsb,accident,seeks,denver,clues,
Published on: 12/21/2008 8:49:41 PM
Title: Crash Worship part 3 of 4 Denver 7/13/91 Junkyard
Categories: neopagan,fire,Worship,ADRV,Crash,live,Denver,1991,Music,
Published on: 8/8/2008 10:23:55 PM
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