Monday, December 21, 2009
Monday, May 11, 2009
FOREX-Dollar rebounds from four-month low; yen gains
NEW YORK, May 11 (Reuters) - The dollar rose on Monday, rebounding from a four-month low as investors booked profits on a rally in riskier assets last week while persistent economic worries boosted the greenback's safe-haven appeal.
The yen posted broad gains as European shares fell and U.S. stock futures pointed to a lower open. The U.S. and Japanese currencies often gain when risk aversion rises as they are perceived as safer places to park money in times of stress.
Hopes that the worst of the economic slump and financial crisis is over pushed the dollar to multi-month lows earlier in the global session. But with the economic outlook still far from certain, investors were reluctant to push riskier assets even higher, analysts said.
The yen posted broad gains as European shares fell and U.S. stock futures pointed to a lower open. The U.S. and Japanese currencies often gain when risk aversion rises as they are perceived as safer places to park money in times of stress.
Hopes that the worst of the economic slump and financial crisis is over pushed the dollar to multi-month lows earlier in the global session. But with the economic outlook still far from certain, investors were reluctant to push riskier assets even higher, analysts said.
posted date
11-05-09
Sunday, May 10, 2009
MOTHER TERESA
Born August 26, 1910, in Skopje, Macedonia. Youngest of 2 sisters, 1 brother. Father: wealthy businessman. Raised Catholic. Well schooled. Childhood distinctions: pious, bookish. Never married. 1919 father Nikolai died, possibly murdered. 1922 active in church, first considered life as nun. 1925 read of Jesuit work in India. 1928 screened by Loreto teaching nuns in Ireland. 1929 arrived India. 1931 first vows, took name 'Teresa', began teaching girls at St. Mary's school in Calcutta. 1937 final vows, became Mother Superior of school. 1946 murderous riots in India, heard God 'call' her to help the poor. 1948 left cloister to work slums. 1949 became citizen of India. 1950 Vatican approved Missionaries of Charity order for Calcutta diocese. 1952 opened 'House of the Dying'. 1953 moved order into Motherhouse on Lower Circular Road. 1955 opened Children's Home. 1957 began mobile 'leprosariums'. 1960 order allowed to serve all of India, met Pope John XXIII in Rome. 1961 bought land for leper town. 1963 Missionary Brothers of Charity began. 1965 Vatican approved order for other countries, first house in Colombia. 1969 work filmed by Malcolm Muggeridge. 1970 Something Beautiful for God published by Muggeridge. 1973 Templeton Award. 1979 Nobel Prize for Peace. 1983 first of many health setbacks. 1996 relieved as Mother Superior. Died September 5, 1997.
Friday, May 8, 2009
Gov't sticks with Bush-era polar bear rule
WASHINGTON – The Obama administration on Friday let stand a Bush-era regulation that limits protection of the polar bear from global warming, saying that a law protecting endangered species shouldn't be used to take on the broader issue of climate change.
Interior Secretary Ken Salazar said that he will not rescind the Bush rule, although Congress gave him authority to do so. The bear was declared threatened under the Endangered Species Act a little over a year ago, because global warming is harming its habitat.
Salazar said rescinding the Bush rule "would provide no more protection for the polar bear and result in uncertainty and confusion about the management of the species."
The iconic bear was declared a threatened species because global warming is causing a severe decline in Arctic sea ice. But the Bush administration rules limit that protection, saying no action outside the Arctic region could be considered a threat to the bear under the law.
Environmentalists have strongly opposed the rule as have many members of Congress. They argued the limits violate the Endangered Species Act because the release of greenhouse gases from power plants, factories and cars indirectly threaten the bear's survival.
But Salazar said the answer to dealing with global warming rests in a broader, comprehensive approach that limits greenhouse gases.
"The Endangered Species Act is not the appropriate tool for us to deal with what is a global issue, and that is the issue of global warming," said Salazar in a conference call with reporters.
In March, federal lawmakers authorized Salazar to scrap the Bush regulation without going through a long regulatory process. The deadline for such action was Saturday, 60 days after Congress acted.
When the Bush administration in March 2008 declared the bear a threatened species, the declaration came with a "special rule" that said no action outside the polar bear's Arctic habitat — such as carbon dioxide emissions from power plants thousands of miles away — could be viewed as detrimental to the bear's survival.
Business groups and their supporters in Congress have argued strongly that the Endangered Species Act is the improper vehicle for addressing climate change and that there are other ways to deal with the global environmental issue.
Congress is trying to craft broad legislation that would limit greenhouse gases and, separately, the Environmental Protection Agency has begun a lengthy regulatory process that could lead to heat-trapping emissions being controlled under the federal Clean Air Act. Last month, the EPA declared carbon dioxide from burning fossil fuels and other greenhouse gases a danger to public health.
When the polar bear was declared threatened in 2008, environmentalists hoped they could use the endangered species law to force broader nationwide limits on greenhouse gases.
Interior Secretary Ken Salazar said that he will not rescind the Bush rule, although Congress gave him authority to do so. The bear was declared threatened under the Endangered Species Act a little over a year ago, because global warming is harming its habitat.
Salazar said rescinding the Bush rule "would provide no more protection for the polar bear and result in uncertainty and confusion about the management of the species."
The iconic bear was declared a threatened species because global warming is causing a severe decline in Arctic sea ice. But the Bush administration rules limit that protection, saying no action outside the Arctic region could be considered a threat to the bear under the law.
Environmentalists have strongly opposed the rule as have many members of Congress. They argued the limits violate the Endangered Species Act because the release of greenhouse gases from power plants, factories and cars indirectly threaten the bear's survival.
But Salazar said the answer to dealing with global warming rests in a broader, comprehensive approach that limits greenhouse gases.
"The Endangered Species Act is not the appropriate tool for us to deal with what is a global issue, and that is the issue of global warming," said Salazar in a conference call with reporters.
In March, federal lawmakers authorized Salazar to scrap the Bush regulation without going through a long regulatory process. The deadline for such action was Saturday, 60 days after Congress acted.
When the Bush administration in March 2008 declared the bear a threatened species, the declaration came with a "special rule" that said no action outside the polar bear's Arctic habitat — such as carbon dioxide emissions from power plants thousands of miles away — could be viewed as detrimental to the bear's survival.
Business groups and their supporters in Congress have argued strongly that the Endangered Species Act is the improper vehicle for addressing climate change and that there are other ways to deal with the global environmental issue.
Congress is trying to craft broad legislation that would limit greenhouse gases and, separately, the Environmental Protection Agency has begun a lengthy regulatory process that could lead to heat-trapping emissions being controlled under the federal Clean Air Act. Last month, the EPA declared carbon dioxide from burning fossil fuels and other greenhouse gases a danger to public health.
When the polar bear was declared threatened in 2008, environmentalists hoped they could use the endangered species law to force broader nationwide limits on greenhouse gases.
Subscribe to:
Posts (Atom)
Posts
