| Right to save Afflecks?
AFFLECKS Palace was good to David Mallon. It gave the streetwear supremo, from Stretford, an affordable base to start his career in fashion, selling rock band T-shirts. Like many who set out their stalls in Afflecks in the late 1980s early 1990s, Mallon, the man behind trendy fashion labels Ringspun and Elvis Jesus, reflects fondly on the time when it was synonymous with all that was cool about Manchester. "Those were the halcyon days. That was the time when Manchester was at its most influential thanks to the Hacienda and the music scene. You had a huge influx of people visiting from all over the country because they'd heard Manchester was the place to be and Afflecks was a symbol of that moment." But now as he looks across at the eclectic shopping emporium from his offices in Oldham Street he sees something faded, ramshackle, increasingly irrelevant.
No more weekends off: P’s & C’s reporting
The great L.A. Times scribe Jim Murray once said, "Spring is the time of year when the ground thaws, trees bud, the income tax falls due — and everybody wins the pennant." And so it is that your correspondent, memorably dubbed as the faux "crusading everyman" by one of our angrier blog participants, has already done his taxes, an annual end-of-January ritual before heading to spring training and being immersed in a six-week world where normal life is put on hold and baseball takes precedence over all else. We'll be headed down Wednesday, a day before pitchers and catchers are officially required to report. Need some time to stock the fridge of the rental house and get a lay of the land in our new neighborhood, plus stop by the ballpark at Dark Star to see how many eager Braves arrived early.
More than 20 Years in the Making
M2 (narrow) "money" supply fell $16.9bn to $7.441 TN (week of 1/14). Narrow "money" expanded $360bn y-o-y, or 5.1%. For the week, Currency declined $1.6bn and Demand & Checkable Deposits fell $14.4bn. Savings Deposits decreased $5.4bn, while Small Denominated Deposits added $0.8bn. Retail Money Fund assets increased $3.8bn. Total Money Market Fund assets (from Invest. Co Inst) surged a notable $62.9bn last week (3-wk gain $139bn) to a record $3.252 TN. Money Fund assets have posted a 26-week rise of $668bn (52% annualized) and a one-year increase of $860bn (36%). Total Commercial Paper dipped $1.6bn to $1.847 TN. CP has declined $377bn over the past 24 weeks. Asset-backed CP gained $8.2bn (24-wk drop of $382bn) last week to $813bn. Over the past year, total CP has contracted $147bn, or 7.4%, with ABCP down $252bn (23.7%).
China tops India again
Practically nothing comes to mind.On the contrary India multinationals keep investing in their brands This difference is seen in every industry one can name under the sun. Secondly Indians are more Globalised than the Chineese. They can assimilate into an environment much easier than the Chinese do. English is one major reason but the most important is the natural instincts emerging out of living in the most diverse country on the face of the planet. Now Indias caste system problem is something everyone acknowledges,in India we freely debate and discus s it, but nothing close to that sort happens in China. No Indian Government will ever dare to run tanks on protesting Indian youths.Does anyone know the level of suppression in China.. No one would ever Know ..Why.. Because there is nothing called a free press.
Barnes County wind project would be ND's largest
Days after North Dakota's biggest wind farm began operating, a developer has filed plans to build a larger one in eastern North Dakota. The company hopes to finish the project by year's end.North Dakota's Public Service Commission was notified this week of FPL Energy's intention to build a 200-megawatt Barnes County wind farm, which would include 133 turbines. It will cost $350 million to build, company project director Scott Scovill said in a letter to the agency.FPL Energy developed a project in northeastern North Dakota, with Minnkota Power Cooperative of Grand Forks and Otter Tail Power Co. of Fergus Falls, Minn. It has 106 turbines capable of generating 159 megawatts of power. The turbines are about 10 miles south of Langdon in Cavalier County.The Langdon wind farm became operational last Saturday, and FPL Energy plans to add 27 turbines, capable of generating 40 megawatts, to the project.FPL Energy, which is based in Juno Beach, Fla., also operates wind farms near Kulm and Edgeley in southeastern North Dakota, and in Wilton, in the west-central part of the state.The Public Service Commission will be in charge of approving the site for the Barnes County wind project east of Lake Ashtabula.
Royal Bank buys U.S. investor boutique
Ferris, Baker, Watts Inc. was ripe for the taking. It recently struggled through millions in subprime-related writedowns and a lengthy lawsuit involving the rogue trading of a former broker. RBC gains over 300 wealth-management professionals in the deal, the financial details of which were not disclosed "It is becoming more difficult for smaller, independent firms to be competitive in the wealth-management business," said John Taft, chief executive of RBC Dain Rauscher, the U.S. unit making the purchase. .
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