Thursday, August 26, 2010

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Wednesday, July 14, 2010

India Inflation Up, Rate Hike Looms

NEW DELHI -- India's inflation rate continued to climb in June, led by a rise in fuel prices that added fire to already simmering non-food prices and cementing expectations of another interest-rate hike this month.
[inflation0714] Reuters

People shop at an open air market in Ahmedabad, India, July 13, 2010.

The benchmark wholesale price index rose 10.55% from a year earlier in June, higher than the 10.16% rise in May. The reading was below market expectations of a 10.9% rise, the median estimate in a Dow Jones Newswires poll of 17 economists.

The government Wednesday also raised the April inflation reading to 11.23% from a provisional 9.59%. It previously had made similar upward revisions to the February and March readings, suggesting it may be a step behind in anticipating inflationary pressures.

"There is a real risk that this (double-digit inflation) will impact inflation expectations and make it even more difficult to get price pressures under control," said Brian Jackson, senior emerging-markets strategist at Royal Bank Of Canada.

The data shows the Reserve Bank of India, which has been proactive in raising rates, still has more work to do, Mr. Jackson added.

He expects the central bank to increase its key lending and borrowing rates by 0.75 percentage points by the end of the year, starting with its July 27 rate-setting meeting.

Inflation in India has been hovering close to double digits in recent months, ignoring fiscal and monetary steps as price pressures that were largely concentrated in food items are spreading to other commodities.

Latest data shows prices of primary articles in June rose 16.28% from a year earlier, mostly due to an increase in prices of food articles such as pulses, fruits and milk as well as non-food articles including fibres and minerals.

The fuel index rose 14.32% while the June index of manufactured products was 6.6% higher from the year-earlier level.Replica Rolex Sea Dweller

Finance Secretary Ashok Chawla told Dow Jones Newswires in an interview late Tuesday that food inflation is expected to ease in a couple of months while the overall inflation rate will come down to 6% by December.
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Montek Singh Ahluwalia, deputy chairman of the Planning Commission, the top government think tank, concurs with the view.

"When you get inflation this high it takes time to bring it down and I believe it is coming down," Mr. Ahluwalia said Wednesday. "By the end of this year, you will see inflation well below double digits," he added. ;Rolex Day Date Watches

Tuesday, June 1, 2010

Stanley Cup Finals Notebook: June 1





FanHouse's Christopher Botta and A.J. Perez are on the road with the Blackhawks and Flyers, following every development of the Stanley Cup Finals. Each day, they'll be posting news and notes in this space. They'll be updating throughout the day, so keep checking back.
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-- Monday's Stanley Cup Final contest drew the best overnight rating for a Game 2 since such data began to be recorded in 1975, the league announced on Tuesday. The NBC Sports broadcast posted a 4.1 rating and 7 share, a 21 percent improvement over last year's Game 2 between the Pittsburgh Penguins and Detroit Red Wings. "These historic viewership numbers are the result of compelling stories and great play on the ice, two markets on fire for their teams, terrific coverage by our North American television partners, and a season's worth of unprecedented fan engagement on multiple platforms across North America," NHL COO John Collins said in a statement. Surprisingly, Indianapolis had the highest rating (4.0) of any non-hockey market and bested several NHL cities like Detroit. Games 3-4 shift to Versus.




-- The Philadelphia Flyers have won only two games in the playoffs when they didn't at least match the opposition in blocked shots. The Blackhawks had a 29-22 edge in the category over the first two games of the final. "These guys stepped in front of a
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lot of shots," Flyers forward Danny Briere said. "Last night we had three or four good chances like in the higher slot, and they had two or three guys in line trying to defend that shot. ... It's something they're doing well."




-- Blackhawks coach Joel Quennville didn't give an update on injured forward Andrew Ladd, who has missed the first two final games with an apparent upper-body injury. "We'll address that tomorrow," Quennville said. "Same status as he's had in the Playoffs.



Replica Rolex Watches -- Seven different Blackhawks players have scored goals in the final. (Troy Brouwer, who scored twice in Game 1, is the only Chicago player with multiple goals. "Some guys have maybe a little more skill level than others, but I think they're all able to score," Quennville said. "I think that's what you see in a lot of playoff series."

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-- Longtime Montreal reporter Marc de Foy will receive the Elmer Ferguson Memorial Award for hockey journalism and former Washington Capitals broadcaster Ron Weber is the latest Foster Hewitt Memorial Award recipient for outstanding contributions by a broadcaster, the Hockey Hall of Fame announced on Tuesday.

Wednesday, April 7, 2010

Tiki Barber Cheating Scandal: Intern, Pregnant Wife

NFL star-turned-'Today' show correspondent Tiki Barber and his wife of 11 years announced this week that they're separating. Nothing particularly scandalous there; people break up every day. However, an explosive NY Post report alleges Barber left wife Ginny Cha for Traci Lynn Johnson, a 23-year-old former NBC intern.

Oh, and Ginny is eight months pregnant with their third child.

"After 11 years of marriage, Ginny and I have decided to separate," Barber said in a statement this week. "This decision was a painful one, but we are moving forward amicably and will continue to work together to raise our children with the love and dedication they have always known."

According to the Post, Johnson was spotted with Barber at a film screening in Washington, D.C. last month and may have accompanied the former New York Giant on a trip to Senegal in late 2009.

A Barber family friend told the newspaper that they believe Johnson, who was working as an NBC intern when Barber was hired in 2007, was in Vancouver with Barber while he was covering the Olympics.

Photos on Johnson's Facebook page show her wearing a Giants jersey emblazoned with the number 21, his number.

Barber, who turns 35 Wednesday, has railed against his own father for leaving his mother. "Not only did he abandon her, I felt like he abandoned us for a lot of our lives," he said in a 2004 interview. "I have a hard time forgiving that."
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    Where Do We Get It?

    Medical nirvana was only a Democrat vote and a Presidential signature away. Now that health care reform has been signed into law, people are asking for their free health care and finding reality never quite lives up to the hype.

    “They’re saying, ‘Where do we get the free Obama care, and how do I sign up for that?’ ” said Carrie McLean, a licensed agent for eHealthInsurance.com. The California-based company sells coverage from 185 health insurance carriers in 50 states.

    And while we’re on the subject, where’s the free houses? And the free food? How about some free clothes? Who couldn’t use some free clothes? A free car would be nice and free gasoline to power it. And a free vacation. Spending a few days on a warm beach – for free – is necessary for a healthy lifestyle.

    Whatever is coming, isn’t fully coming until 2014. According to Sen. Dick Durbin (D-Illinois) who said in March that 70 people die every day due to lacking health insurance, that means roughly 100,000-plus more Americans will die before the Democrat’s miraculous health care insurance over-hall takeover reform goes into affect.

    Until then, insurance offices, doctors’ offices, human resource departments, etc. are being flooded with phone calls for clarification. People are asking: Where’s my free health care?

    “We tell them it’s not free, that there are going to be things in place that help people who are low-income, but that ultimately most of that is not going to be taking place until 2014,” McLean said.

    It isn’t free at all. What they are really asking is: When is someone else going to pay for my health care?

    Nevertheless, Obama’s health care legislation still means no free coverage for adults with pre-existing conditions for four more years. Children age 26 and under, if you can call adults age 26 and under “children”, are allowed to be covered under their parents plan. But that doesn’t start until September.

    And then there is the question of who qualifies for what now, if anything, and who doesn’t and who determines who qualifies and who doesn’t. According to the report by McClatchy Newspapers, the Department of Health and Human Services will establish those regulations, though they are still in development states. And will those guidelines, if developed in time, help the laid-off workers who will see their federal COBRA subsides gone by next month?

    Then beyond the individual questions is the concern for businesses, what this means to them, what are the new requirements, what are the new expenses, can they afford them, and will layoffs be necessary to stay in business, according to the National Federation of Independent Business, the small-business lobby.

    “The next question that comes out of their mouths is: ‘What do I have to do right now?’ They need to start talking with their accountant, depending on how they’re organized, what industry they’re in and whether they’re offering insurance now and what kind they’re offering. We’re suggesting they talk to their agent or broker.”

    The drain of the legislation on small businesses could mean fewer full-time employment options and higher unemployment, an economic side effect not being discussed.

    And despite the tax credit Obama has been touting that would offer help to small businesses, Dimarob of the National Federation of Independent Business said most businesses wouldn’t be able to participate. Like all other government programs, this one has too many “intricacies” and complications and loopholes and requirements for most businesses to reap any benefits to help shoulder the extra burden.

    For now, Obama is back on the campaign trail to promote his health care reform, a move to answer the question that may not stop being asked for four more years: Where’s my free health care?
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    Wednesday, March 17, 2010

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    Tuesday, March 2, 2010

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    Saturday, February 27, 2010

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