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online shopping stores ?Asia stocks jump as US budget deal appears near lawmakers edged toward a deal to stop hundreds of billions of dollars in automatic tax increases and spending cuts from taking effect that could throw the world biggest economy off a socalled fiscal cliff. Senate passed an emergency

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outlet metzingen ?Tanzania building collapse death toll rises to 30 The death toll from the collapse last week of a building in Tanzanias largest city rose to 30 early today, according to a government agency statement. Rescue workers have given up hope of finding more survivors after the 16storey building in

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Published: Sunday 01 September, 2013

private outlet private outlet ?Misplaced enthusiasm



Trader Peter Tuchman shares a laugh with a specialist trader from Barclays Capital on the floor of the New York Stock Exchange June 11, 2010. stocks rose in a late rally on Friday as a strong forecast from a chip maker lifted tech shares and helped alleviate concerns about the economys health after an unexpected drop in retail sales. But with the major economic news of the day coming in the form of a deeply unsatisfying labor report, one might well ask, huh? In recent months, investors have tended toward extreme skittishness at every negative economic indicator blip. But not this time.



The consensus explanation mooted by the econoblogosphere does little to build confidence: The theory is that investors believe the latest data is incontrovertibly bad enough to convince the Fed to attempt to juice the economy with a second round of easing. easing is basically a fancy way to describe a pretty simple strategy. The Fed will use its powers to create money that it will use to buy Treasuries and securities. The hope is that banks and other financial institutions will then turn around and deploy the cash generated from selling their Treasuries at work in the real economy as loans or investment capital. NPR Money offers a simple explanation here. How the World Works commented on a previous round of QE here. Instead of shock and awe, we are likely to get incrementalism, but incremental expansion of the Fed balance sheet is unlikely to provide enough help. Fiscal policy could help, particularly if the plans for a new infrastructure spending were in place already, but there are no plans presently, and more help is unlikely. If we see anything from fiscal policy, it won be until after the election, and if Republicans take over the House or the Senate the best we can hope for is more tax cuts. But tax cuts have not been very effective to date they were 40 percent of the stimulus package, and, except for their balance sheet rebuilding properties, they would be unlikely to do much now.



So, if the stock market movements are, in fact, due to optimism about help from policymakers, then it an optimism I don share. Fiscal policymakers in particular have dropped the ball with respect to helping with employment, and it looks like we are stuck with the prospects of a very slow recovery. It didn have to be that way, but overly cautious policy based upon overly optimistic hopes for recovery, and unfounded fears of deficits and inflation, have prevented the policymakers from taking the action needed to turn things around.



For those OK with the mainstream, White River Forest welcomes more than 10 million visitors a year, making it the mostvisited recreation forest in the nation. But dont hate it for being beautiful; its got substance, too. The forest boasts 8 wilderness areas, 2,500 miles of trail, 1,900 miles of winding service system roads, and 12 ski resorts should your snow shredders fit the trunk space. If ice isnt your thing: take the tirefriendly Flat Tops Trail Scenic Byway 82 miles connecting the towns of Meeker and Yampa, half of which is unpaved for you road rebels. Try driving the Ridge and Valley Scenic Byway, which saw Civil War battles fought. If the tall peaks make your engine tremble, opt for the relatively flat Oconee National Forest, which offers smaller hills and an easy trail to the ghost town of Scull Shoals. Scaredycats can opt for Johns Mountain Overlook, which leads to twin waterfalls for the sensitive sightseer in you. Travel 20 miles west of Dolly Sods among the busiest in the East to find the Canaan Backcountry for more quiet and peace. Those willing to leave the car for a bit and foot it would be remiss to neglect dayhiking the White Rim Rocks, Table Rock Ove private outlet rlook, or the rim at Blackwater River Gorge. Rogers NRA via Hurricane Creek Road, North CarolinaMost know it as the highest country theyll see from North Carolina to New Hampshire. What they may not know? Car campers can get the same grand experience for less hassle. Drop the 50pound backpacks and take the highway to the high country by stopping anyw private outlet here on the twisting hence the name Hurricane Road for access to a 15mile loop that boasts private outlet the best of the grassy balds. Its the road less travelled, and the high one, at that. For a weekend getaway of the coastal variety and quieter version of the Florida Keys thats no less luxe, stick your head in the sand and ocean, if snorkelings your thing at any of Long Keys 60 sites. Canoes and kayaks are aplenty, as are the hot showers and electric power source amenities. Think of it as the getaway from the typical getaway. With the Colorado River still within view of this cliffedge site, Crazy Jug is a carside campers refuge from the troops of tourists. Find easy access to the Bill Hall Trail less than a mile from camp, and descend to get a peek at the volcanic Mt. Trumbull. private outlet

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