Tuesday, January 3, 2012

Spain public deficit may even top 8 percent: economy minister (Reuters)

MADRID (Reuters) ? Spain's public deficit for 2011 may be higher than the 8 percent of GDP forecast by the new government, the economy minister said Monday, fuelling fears the country faces a prolonged period of tight budgets and economic contraction.

Spain had originally targeted a 2011 deficit of 6 percent of gross domestic product, but the newly elected conservatives said Friday the deficit would be 8 percent. It said it would now have to work hard to hit this year's tough deficit-reduction goals in an economy seen tipping back into recession this quarter and announced new tax rises and spending cuts.

"We'll need to see, but it's possible that we have gone over the 8 percent mark, though (we) expect that it hasn't done so by much," Economy Minister Luis de Guindos said during an interview with Cadena Ser radio, his first since taking the post after the conservatives won the November election.

Friday's announcement that the deficit would be as high as 8 percent of GDP has reignited market concerns about the financing needs of indebted euro zone countries and put downward pressure on the euro, which hit a decade low versus the yen Monday.

Guindos said Spain's economy may contract in the first quarter of 2012 after shrinking in the previous three months, in line with analyst expectations that the euro zone's fourth-largest economy is already in recession.

Spain has been a focal point of the debt crisis as the previous Socialist government fought to deflate one of the highest public deficits in the currency bloc by introducing massive spending cuts and tax hikes.

Spain's manufacturing slump showed no sign of letting up in December, adding to expectations the battered economy will shrink in the next few quarters, a purchasing managers' survey showed Monday.

The government announced additional tax hikes Friday worth an estimated 6 billion euros ($7.79 billion) a year and spending cuts worth 8.9 billion euros, with which it aims to reduce the deficit by 1 percentage point in the short term.

Treasury Minister Cristobal Montoro, speaking at a separate event in Madrid Monday, said the government would announce new economic measures Thursday after the weekly cabinet meeting, but these would not include further spending cuts.

The premium fixed income traders demand to hold Spanish over German debt dropped by 3 basis points to around 329 bps on Monday from settlement Friday, but trade was thin with London markets closed until Tuesday.

"The measures announced by the government don't seem to have had an effect, for good or bad. Tomorrow will be the test, but I don't think the market will react much. The tax hikes and cuts have been more or less discounted," a Madrid-based trader said.

STRUCTURAL REFORMS

Measures to balance the public accounts will be accompanied by structural reforms which will help restart the stalled economy, Guindos said.

"The government has a very aggressive reformist agenda for the next few weeks and months, in the labor market, the financial system, in the goods and services markets and competitiveness," he said.

The austerity measures announced last week are the first of many, Deputy Prime Minister Soraya Saenz de Santamaria said. The government must find savings worth more than 35 billion euros in 2012 to meet its deficit goal of 4.4 percent of GDP.

"With these measures, we're not very optimistic on the growth prospects for this year. We expect the economy to contract by more than 2 percent, but it all depends on financing costs," economist at Citi Jose Luis Martinez said.

"If the deficit-cutting measures change the market perception, the economic contraction could be less. If not, probably more."

The debt crisis and concerns over the health of Spain's accounts has closed bond markets to all but a few Spanish companies and banks, causing bank loans to dry up and making financing impossible for small and medium-sized companies.

Mass lay-offs by struggling businesses and a labor market hit by the dual slump in the construction and service industries has left 5 million Spaniards unemployed, accounting for almost a third of all jobless in the entire 17-country euro zone.

Spaniards, which handed the government of Prime Minister Mariano Rajoy the largest parliamentary majority in 30 years in the November election, are largely resigned to a tough few years, according to polls.

Almost half of people surveyed by Sigma Dos for El Mundo did not expect an economic recovery until after 2013, according to a poll published Sunday.

Only 15.1 percent said they expected some recovery this year, while 37 percent believed the Spanish economy would fair worse in 2012 than in 2011.

($1 = 0.7703 euros)

(Additional reporting By Andres Gonzalez; Editing by Jose Elias Rodriguez; Editing by John Stonestreet and Susan Fenton)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120102/ts_nm/us_spain_economy

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3 Days Out: Good Morning Iowa (ABC News)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/181394457?client_source=feed&format=rss

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Monday, January 2, 2012

Vikings CB Sapp cited for misdemeanor assault (AP)

MINNEAPOLIS ? Police say Minnesota Vikings cornerback Benny Sapp has been cited for fifth-degree assault and careless driving, both misdemeanors, after a run-in with security at Children's Hospital in Minneapolis.

Officers were called Friday morning after police say Sapp and his 11-year-old son tried to enter the hospital through a closed entrance. The Star Tribune reports Sapp left his son with a hospital security guard, saying the boy's mother was inside and he had to go to work.

Sapp allegedly pushed a security officer who tried to detain him in the parking ramp. Police Sgt. Bill Palmer says Sapp then chest-bumped a security officer who was standing in front of his vehicle.

A Vikings spokesman says the team is aware of the incident. Messages to Sapp's agent were not returned Saturday.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120101/ap_on_sp_fo_ne/fbn_vikings_sapp_cited

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Investing in Hydropower ? Worth Considering? : Sun Solar Electric

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Home / Wind Power / Investing in Hydropower ? Worth Considering?

Investing isn?t just about heading to Wall Street anymore. Today, there are so many different investment opportunities that it can actually boggle the mind. while it?s certainly out of some price ranges, reviewing a bit of information could help you see that investing in hydro-power is a good option for your investment dollars. There are plenty of reasons to think about doing so, and few drawbacks. if you?re serious about investing then you may want to look beyond just buying stock in a company and consider the benefits of investing in this energy source. it may very well manage to surprise you.

Hydro-power provides over twenty percent of the world?s energy, and makes up seventy percent of the renewable energy generated in America. while wind and solar are certainly being looked at, the fact is that this source of energy has been around for decades and investing in wisely into this market has been one of the most profitable moves major investors can make. the reasons are obvious when you think about it. nearly everyone in the nation uses electricity, and a good portion of that energy ? particularly in rural areas ? comes from hydro plants and dams. few investing opportunities can deliver the same level of dependable returns that you?ll get from investing in hydro-power.

There?s another reason that investing in hydro-power makes sense beyond just the profitability. Simply put, there?s a huge push today to ?go green?. while this source of energy has been around for years, the fact is that simply investing into this source can help your organization look even better in the public eye. You?ll show that you?re serious about the planet and about our place in it when you invest in green energy, and that can go a long way towards improving public image. You?ll get a boost in your bank account and a boost in image, all from making a smart investment.

Of course, investing in this market usually isn?t cheap. You may be able to make some small purchases but to accomplish anything of major consequence you?ll have to make a serious effort. but few things can be as profitable as this investment, and as oil restrictions keep tightening there?s never been a better time to look into alternative energy investments. Wind and solar are great, but hydro-power is a proven commodity. Placing your cash into it is a smart move that very few people will end up regretting. take the time to take a closer look and you?ll likely come to the same realization.



Source: http://sunsolarelectric.com/investing-in-hydropower-worth-considering/?utm_source=rss&utm_medium=rss&utm_campaign=investing-in-hydropower-worth-considering

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Sunday, January 1, 2012

Re: Bulgaria - Undiscovered Golf Destination - Sport & Leisure

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Source: bbs.angloinfo.com --- Friday, December 30, 2011
"The International Association of Golf Tour Operators (IAGTO) named Bulgaria as the 2012..." - Posted by Cindy. 9 replies, last discussed at 10:49 ...

Source: http://bbs.angloinfo.com/forum/link.asp?topic_id=951

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[WTS] UAEFOOTBALL.ORG 9 Years Old PR4 Domain Name, Ranked Top 10 in Google


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Exact keyword match Words domain name that has a great value for UAE nationals or Gulf nationals who wishes to Launch a website for UAE Football and Sports.

I am Selling the Domain Name here which covers the UAE Football, this is a Premium Domain, 9 years old and Google Page Rank 4

Google Rank & Indexed Pages

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Buyer will Get:

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The domain is bought from Godaddy.com and can be pushed for FREE to the Buyer account in 1 Day.

Domain Name Potintial Revenues:

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The Buyer Can generates income by launching a local website for the UAE Football with News, Videos, Live Match online, Social community Network, Sport shopping Online and much more.

Selling subscriptions, Advertising space to all major sport's brands, banks and Insurance Companies.
Traffic Details

Traffic:

The Domain name is Indexed in Google, Yahoo, Bing . All the actual traffic is organic from search engines and backlinks.

Source: http://forums.digitalpoint.com/showthread.php?t=2364662&goto=newpost&r=3f37

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