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Euro Breaks 14-Month Low as Debt-Cutting Steps May Hurt Growth

- The euro headed for a fourth weekly decline, breaking through the 14-month low reached against the dollar last week, on concern European nations’ debt-cutting measures will undermine economic growth.
The 16-nation currency touched the least in a week versus the yen before Greece submits a progress report tomorrow to the European Commission on the implementation of a deficit-reduction plan. The yen gained versus all 16 of its major counterparts as Asian stocks and commodities fell, boosting demand for Japan’s currency as a refuge.
“The roots of the debt crisis in Europe have yet to be solved,” said Yoh Nihei, a Tokyo-based trading group manager at Tokai Tokyo Securities Co. “People have reservations about the effectiveness of the loan package. I remain negative on the euro from a long-term perspective.”
The euro was at $1.2527 as of 10:08 a.m. in Tokyo from $1.2535 in New York yesterday, after touching $1.2516, the lowest level since March 5, 2009. Europe’s currency traded at 116.16 yen from 116.27 yen. It earlier touched 115.88 yen, the lowest since May 7. The yen was at 92.70 per dollar from 92.75.
The Nikkei 225 Stock Average fell 1.9 percent and the MSCI Asia Pacific Index of regional shares slipped 1.2 percent. The Reuters/Jeffries CRB Index of 19 raw materials declined 0.4 percent yesterday.
Unprecedented Loan Package
Europe’s currency has fallen 1.8 percent this week after the region’s policy makers unveiled an unprecedented loan package worth almost $1 trillion to combat the sovereign-debt crisis that’s threatening the currency. European Central Bank governing council member Guy Quaden said yesterday the situation facing Greece is worse than in other European nations.
Greece has announced three rounds of deficit-reduction measures this year, including increases in sales tax and levies on fuel, alcohol and tobacco. It last week agreed to a new package including wage and pension cuts to qualify for 110 billion euros ($138 billion) in emergency loans from the EU and the International Monetary Fund.
“Investors are still concerned widespread fiscal tightening could derail the already weak European economic recovery,” said Mike Jones, a currency strategist at Bank of New Zealand Ltd. in Wellington. “A test of the euro’s 2008 low of $1.2330 looks likely in coming sessions.”
Portugal, Spain
Portugal lowered its budget-deficit goal for 2011 to 4.6 percent and approved tax increases and spending cuts. The government maintained a 7.3 percent deficit target for 2010. Last year’s deficit was 9.4 percent of gross domestic product.
Spain this week announced plans to reduce the deficit to 6 percent of GDP in 2011 from 11.2 percent last year, the largest two-year cut since at least 1980. Trade union UGT will stage a one-day strike of public sector workers in June, Candido Mendez, general secretary of the union, said in Madrid yesterday.
“The euro grinds lower on continued pessimism regarding peripheral euro-zone countries,” analysts led by Marc Chandler, New York-based global head of currency strategy at Brown Brothers Harriman & Co., wrote in a research note dated today. “We remain negative on the euro.”
The euro has lost 8.5 percent this year, according to Bloomberg Correlation-Weighted Indexes. The dollar has gained 6.1 percent, and the yen has advanced 6.6 percent.
The dollar was poised to snap two weeks of declines against the yen before U.S. reports that may show retail sales rose for a seventh month and confidence among consumers improved in April, adding to signs the world’s largest economy is recovering.
U.S. Economy
“The outlook for the U.S. economy appears upbeat,” said Akane Vallery Uchida, a currency strategist at Royal Bank of Scotland Group Plc in Tokyo. “This will probably be a positive factor for the greenback.”
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said yesterday the pledge to keep interest rates low for an “extended period” doesn’t stop the central bank from raising rates “if economic conditions change appropriately, whether that’s in three weeks, three months or three years.”
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Pakistan arrests man with militant ties who says he aided Times Square bomb suspect

The Pakistani government has arrested a suspect with connections to a Pakistani militant group who said he acted as an accomplice to the man accused of trying to bomb Times Square, U.S. officials said.
The suspect, whose arrest has not been previously disclosed, provided an "independent stream" of evidence that the Pakistani Taliban were behind the attempt and has admitted helping Faisal Shahzad, the main suspect, travel into Pakistan's tribal belt for bomb training.
Officials familiar with the investigation cautioned about inconsistencies in the two suspects' accounts. Federal authorities expanded their search for evidence Thursday, carrying out raids in four northeastern states, and arresting three people suspected of funneling money to Shahzad.
Indeed, the U.S. determination that the Pakistani Taliban directed the attempted attack is based largely on accounts given by the two men, several U.S. officials said. Authorities have been examining phone records, e-mail and other communication to see whether they contain firmer evidence of links between Shahzad and the Pakistani Taliban.
"What they said has been corroborated by other evidence,'' said a senior law enforcement source, who would not specify that evidence, saying it is classified.
The suspect in Pakistani custody "is believed to have a connection to the TTP," said a U.S. intelligence official, using an acronym for the Pakistani Taliban. Clues have added to authorities' understanding of the plot, the official said, but "what is definitely true is that a lot of this comes from the statements of people directly involved."
Assessing the role of the Pakistani Taliban carries significant stakes. A clear link would move the militant group onto an expanding list of al-Qaeda affiliates that pose a direct threat to the United States. It would also put new pressure on the U.S. relationship with Pakistan at a time when President Obama is pushing the country to expand its military campaign against insurgent groups.
In Islamabad, Pakistani security officials said Thursday that they had made no progress in finding concrete or credible evidence linking Shahzad to any Islamic militant activity in Pakistan or suggesting that he had traveled to the northwest and received training from the Pakistani Taliban.
U.S. officials declined to identify the suspect in Pakistan, but said American investigators have had direct access to him, and described him as a facilitator for the Pakistani Taliban.
U.S. investigators have pieced together their understanding of the Times Square plot largely by comparing the man's accounts with those of Shahzad. The broad outlines of their stories have been consistent, officials said, describing Shahzad's arrival in Karachi last year and his travel north to Waziristan for training with elements of the Pakistani Taliban.
But a second U.S. official briefed on the progress of the case said there are some "conflicts, disconnects" in their accounts. The discrepancies center mainly on the details and chronology of Shahzad's travel and training. Officials said the conflicts have raised some questions about the reliability of the suspects' information, but have not cast significant doubt on the overall understanding of the plot.
U.S. officials said they also think Shahzad and the man may have exaggerated their accounts. Both said they met Pakistani Taliban leader Hakimullah Mehsud while being brought into the organization's inner core. But U.S. analysts are skeptical that Mehsud, who narrowly survived a Predator strike earlier this year, would risk meeting face-to-face with an unproved American recruit.the music of sadness
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Electronic Dispersion Compensation in High Speed Optical Transmission System

In this thesis, the development of dispersion compensation in optical domain and current researches status of EDC is illustrated. Dispersion compensation in both optical and electrical domains has been compared. Also, the development of new modulation technique is introduced.Principle of equalizer and adaptive algorithm related has been analyzed. After study about performance of 10Gbit/s NRZ optical system, we find out that the more the tap equalizer used, the better performance could be got, while significant improvement couldn't be attained when the number of tap equalizer is bigger than a certain value.Simulation of intensity modulation and phase modulation is accomplished based on the analysis of modulation principle. Spectrum and back-to-back eye diagram are analyzed according to simulation results. EOP is used for the evaluation of system performance and dispersion tolerance of different modulation.Finally, we built several different models for different modulation with FFE and DFE. According to simulation results given by these models, the right equalizers for different models had been chosen. The performance of the above equalizers in intensity and phase modulation had been compared and analyzed theoretically.

Memories of My Mother

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　　i went off to college, but mum is still always in my memory. i could hear her voice every time i fell short in anything.from breast to cradle to reassuring hug, mum has shared all the happiness and depression of mine. however, she never expressed herself. upon my entry into university, when she and father were going back home, she hurriedly turned back to run along, even without a look at me. i knew she dared not, for fear that tears should fall down in my presence. this separation would last nearly five months during which she could not see me. she was just trying to stop me from seeing her crying. i was refraining myself, too, because the long time living with her had made me an exact person like her. later, father told me she kept wiping her eyes on the bus to the railway station. i knew that, because i love you, mum, and you already knew that too.

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Standard Food Company

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The Tipping Point

For Hush Puppies - the classic American brushed-suede shoes with lightweight crepe sole - the Tipping Point came somewhere between late 1994 and early 1995. Lacoste Shirts are waiting for you here! The brand had been all but dead until that point. Sales were down to 30,000 pairs a year, mostly to backwoods outlets and small-town family stores. Wolverine, the company that makes Hush Puppies, was thinking of phasing out the shoes that made them famous. But then something strange happened. At a fashion shoot, two Hush Puppies executives - Owen Baxter and Geoffrey Lewis - ran into a stylist from New York who told them that the Vlasic Hush Puppies had suddenly become hip in the clubs and bars of downtown Manhattan. "We were being told," Baxter recalls, "that there were resale shops in the Village, in Soho, where the shoes were being sold. People were going to the Ma and Pa stores, the little stores that still carried them, and buying them up." Baxter and Lewis were baffled at first. It made no sense to them that shoes that were so obviously out of fashion could make a comeback. ...
By the fall of 1995, things began to happen in a rush. I feel the need-the need for cheap Wholesale nike shoes！First the designer John Bartlett called. He wanted to use Hush Puppies in his spring collection. Then another Manhattan designer, Anna Sui, called, wanting shoes for her show as well. Cheap Nike shoes are very nice here! In Los Angeles, the designer Joel Fitzgerald put a twenty-five-foot inflatable basset hound - the symbol of the Hush Puppies brand - on the roof of his Hollywood store and gutted an adjoining art gallery to turn it into a Hush Puppies boutique. While he was still painting and putting up shelves, the actor Pee-wee Herman walked in and asked for a couple of pairs. "It was total word of mouth," Fitzgerald remembers.
In 1995, the company sold 430,000 pairs of the classic Hush Puppies, and the next year it sold four times that, and the year after that still more, until Hush Puppies were once again a staple in the wardrobe of the young American male ...
Hush Puppies had suddenly exploded, and it all started with a handful of kids in the East Village and Soho".
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Les enphants Children Articles

 Marketing Strategy: playing a part in writing “Marketing Strategy of Leather and Chemical Commodity of Dymatic Tingjiang” and “Strategic Planning of Dymatic Brands”; undertaking the drafting of marketing strategy of Dymatic’ textile and leather auxiliaries.Those polo shirts are very good!Brand Advertisement : partaking the edition and explanation of Dymatic’ textile auxiliaries; having a hand in the establishment of Dymatic chemical enterprise Catalogue and the revision of Website; playing a very important role in signing on the trade fairs.Oh，Jerry，don＇t let＇s ask for the moon.We have the ralph lauren polo shirts. Textile and Printing Assistants Sales: the exploration in Hebei market.
Market Exploration and Management: successively exploring markets and managing resale and wholesale in Northeast and South China;A man＇s best friends are his Lacoste Polo Shirts. taking the responsibility for exploring regional markets and for realizing the annul goals of commodity resale; ensured revenue be increased at over 45% annually from 1997-2000. Daily management of regional affairs: making preparations for the construction of regional sales center in Northeast and South China; taking charge of building a regional sales center, managing and controlling daily financial disposal, and of guiding the storage and maintaining good relationship to clients. Commodity Advertisement: guiding commodity advertisement of Les enphants and Hanes in Northeast and South China; leading the task of planning and implementing regional sales promotion of special commodity and taking up analyses and feedbacks of executive results. Lawsuit Affairs: taking responsibility for actions in contracts. Training: commodity training, sales training.
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Walk Light and Harmony

With light above, we can walk steady and brave. With care and love, a kid can develop a happy childhood. But for rear children, their childhood is like walk with little light as their parents have to leave them behind for the city to work. When a normal happy childhood sounds like but a fairy tale for them, can we expect great harmony in our society, our big family and our next generations?Just get ralph lauren polo shirts!As many of you may have seen on CCTV during last spring festival, the story of an emotional journey of a migrant family really touched me to the bottom of my heart. These are my cheap northface jackets!On the stage, a migrant couple were presented to the audience by the famous host-Cui Yongyuan together with the chairwoman of National Women’s Association. The Couple couldn’t have gone back home for the New Year to be with their son because of their duties at a restaurant in Beijing. You can own those chi straighteners.When the host read an article by their son that he missed his mother dearly, the mother bursted into tears.
As the host finished his reading, the son appeared on the stage dramatically. But more dramatic was what their son said: he understood his parents had to leave him behind for city to give him a better future, however, when he grew up, he would rather stay with his own children in the country side than go to a city to work without his children.
These words expose us a common problem of rear children. Acutely these young hearts lack parental tender loving care. Here is the frightening statistics: more than 20million rural children in our countryside are living without their parents by their side. Worse still, these children tend to develop personal disorders, with 3 types commonly seen. First the silent and premature type, shaped by tough experience or hardship from an early age. Second, the dominating and violent type brought up and spoiled by grandparents with little self-discipline. Third, the wild type, neglected with no due care from any relatives.
Fortunately our government has taken initiatives to address this problem as so many migrant workers have made such a big sacrifice for our four modernizations. the chairwoman of National Women’s Association remarked: schools have been set up for migrant workers near their community in the city so that children can come to live with their parents in the city. Volunteers have been recruited to help rear children with their daily life and psychological problems.
But do you think these simple measures are enough to bring happiness to rural children in a new century and bring harmony to our society? Unfortunately, still only a fraction of the 20 million rear children can enjoy this new found happiness. There is so much to be done for these 20 million rear children.
The darkness and loneliness of a journey can be ignored with flowers and songs along the road. So can be our help and support to the walk of a rear child. Let’s join with their parents to create light for their walking, to bring back their innocence and happiness, and to contribute to the harmony of our society, our big family and our next generations.
Who Am I?
Wake up your life
Just Listen
The Matrix Revolutions
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