* DXY hits 8-month peak
* Dlr/yen seen edging higher; macros spotted building longs
* Euro zone manufacturing due later on Monday
By Antoni Slodkowski
TOKYO, Oct 3 (Reuters) - The euro sank to an eight-month low against the dollar on Monday and is poised to fall further after the Greek government said the debt-ridden country will miss a deficit target set just months ago in a massive bailout package.
Traders and analysts said that with Europe divided over the best cure for the debt crisis and with the possibility of a Greek default looming larger than ever, the euro was likely to grind lower in the coming days.
"A Greek default is a sort of Pandora box no one wants to open. While some markets seem to have priced in such possibility, it looks like euro has still some way to go should it happen," said Teppei Ino, a currency analyst at the Bank of Tokyo-Mitsubishi UFJ.
The euro dived as deep as $1.3323 , from $1.3418 in New York on Friday, before nudging back up to $1.3344. The single currency?lost 7 percent in September, its largest monthly drop since November 2010.
It also fell to a one-week low against the yen at 102.98 , moving a notch closer to a decade low at 101.95 yen.
If Greece defaults on its debt, Ino said he thought the euro could initially fall to $1.32 and would then quickly move towards $1.30.
Underscoring jitters over European financial institutions, reports emerged that ministers from France and Belgium would meet to shore up the balance sheet of troubled financial services group Dexia.
Making matters worse, Germany's finance minister ruled out a higher contribution to the euro zone's rescue fund beyond an already approved 211 billion euros, while a key German coalition member of parliament said "Greece is bankrupt".
For now, technical support for the single European currency lies at January lows around $1.3250-80 and then in the $1.3250-00 zone, formed by trend channels, internal wave targets and Fibonacci projection objectives.
This support area combined with the strong resistance on the dollar index at 78.75-90, formed by a cluster of highs and lows on the daily charts, has the capacity to provoke a correction to the euro's decline from $1.4939.
Greece will miss a deficit target despite severe austerity measures, although inspectors from the IMF, EU and European Central Bank --the troika--are widely expected to release the next aid package.
While all eyes will be on the inspectors' forecasts for 2012-2014, Greek bond holders may have to take even larger haircuts, according to some reports.
Euro zone finance ministers are expected to discuss various plans about Greece and the rescue fund later on Monday.
Dexia , which received a combined 6 billion euro bailout from Belgium and France at the height of the financial crisis in 2008, has been badly hit by its huge exposure to Greece as well as the freeze in the inter-bank lending markets.
EDGING HIGHER
The dollar index hit an eight month high, edging up 0.5 percent to 78.888.
The greenback also gained a little on the yen, adding 0.1 percent to 77.10 yen after breaking above its 55-day moving average at 77.17 for the first time since its spike after intervention on Aug. 4. Stop losses loom around 77.30 yen, traders said.
Although the dollar failed to maintain early gains above 77.17, a close above the mark could improve sentiment toward the pair, especially as seasonal selling before end-Sept book-closings by Japanese exporters has run its course.
Tokyo dealers also reported macro funds building dollar-long positions and analysts said that if the current crisis deepened, this time the yen could weaken versus the dollar, unlike the global financial crisis in 2008.
"Contrary to what happened during the global financial crisis in 2008, this time the yen carry trade has not been as active," said Junya Tanase, chief strategist at JPMorgan Chase in Tokyo, adding that the dollar may strengthen to 78-79 yen over the next two weeks, although other yen crosses were likely to soften.
PMI numbers from China and the export numbers from Korea suggest global demand has not eased as quickly as some investors had feared in recent weeks, but this failed to make much of an impact on financial markets.
The Australian and New Zealand dollars were off to a rocky start on Monday with the Aussie at $0.9665 .
European manufacturing PMI will be released on Monday and another deterioration below the key 50 level could see the euro sink further. It is also a big week for U.S. data with ISM Manufacturing on Monday and non-farm payrolls on Friday. (Additional reporting by Cecile Lefort in Sydney and Hideyuki Sano in Tokyo)
Monday, October 3, 2011
Friday, March 25, 2011
The Little Bo Peep story
The Little Bo Peep rhyme builds the picture of a young shepherdess and the advice given to her by someone more experienced! It is interesting that the name of Little Bo Peep was derived from the derivative of the words bleat and sheep! There is no specific relevance to events in history for the origins of the Little Bo Peep rhyme. The morale of the words in the song are that one must take responsibility of falling asleep or face the consequences... The words of Little Bo Peep are quite interesting as they contain words that are an almost forgotten part of the English language. Words such as espied, hillocks and lambkin can all be found in the story of Little Bo Peep
Little Bo Peep story
Little Bo peep has lost her sheep
And doesn't know where to find them.
Leave them alone and they'll come home,
Bringing their tails behind them.
Little Bo peep fell fast asleep
And dreamt she heard them bleating,
But when she awoke, she found it a joke,
For they were all still fleeting.
Then up she took her little crook
Determined for to find them.
She found them indeed, but it made her heart bleed,
For they left their tails behind them.
It happened one day, as Bo peep did stray
Into a meadow hard by,
There she espied their tails side by side
All hung on a tree to dry.
She heaved a sigh, and wiped her eye,
And over the hillocks went rambling,
And tried what she could,
As a shepherdess should,
To tack again each to its lambkin.
Little Bo Peep story
The Little Bo Peep rhyme builds the picture of a young shepherdess and the advice given to her by someone more experienced! It is interesting that the name of Little Bo Peep was derived from the derivative of the words bleat and sheep! There is no specific relevance to events in history for the origins of the Little Bo Peep rhyme. The morale of the words in the song are that one must take responsibility of falling asleep or face the consequences... The words of Little Bo Peep are quite interesting as they contain words that are an almost forgotten part of the English language. Words such as espied, hillocks and lambkin can all be found in the story of Little Bo Peep
Little Bo Peep story
Little Bo peep has lost her sheep
And doesn't know where to find them.
Leave them alone and they'll come home,
Bringing their tails behind them.
Little Bo peep fell fast asleep
And dreamt she heard them bleating,
But when she awoke, she found it a joke,
For they were all still fleeting.
Then up she took her little crook
Determined for to find them.
She found them indeed, but it made her heart bleed,
For they left their tails behind them.
It happened one day, as Bo peep did stray
Into a meadow hard by,
There she espied their tails side by side
All hung on a tree to dry.
She heaved a sigh, and wiped her eye,
And over the hillocks went rambling,
And tried what she could,
As a shepherdess should,
To tack again each to its lambkin.
Little Bo Peep story
Thursday, March 17, 2011
What is a Sea Nettle?
Sea Nettle (Chrysaora) is one of the genus of Scyphozoa class of the phylum Cnidaria. The species of sea nettle we are most commonly knowledgeable about are Chrysaora quinquecirrh, which is mostly found along the east coast of North America in the Atlantic Ocean, and Chrysaora fuscescens, which is mostly found along the west coast of North America in the Northeast Pacific Ocean. The Sea Nettle is semi-transparent and has small whitish dots and reddish-brown stripes. In some cases, these stripes and dots are missing, and they make the sea nettle look whitish and opaque. The sea nettle is saucer-like in shape. The bell of the sea nettle usually grows to about 6 to 8 inches in diameter. It also has four oral arms attached to the underside of the mouth. In addition to this, it has a number of long tentacles, along the margins of its body, which extend for several feet.
Sea Nettles are equipped with a number of nematocysts along their oral arms and tentacles. These nematocysts are like capsules with a coiled thread inside it, which is lined with barbs along its length. The thread contains powerful paralyzing toxins within itself. When a sea nettle comes in contact with any hard surface and pressure is applied to the tentacles, these nematocysts get activated and the thread starts uncoiling. They get fired into the surface in its contact and inject their powerful venom into it.
Read more about Sea Nettles: http://www.jellyfishfacts.net/sea-nettle-jellyfish.html
Sunday, March 13, 2011
Tsunami Destruction Directly Linked To Destroyed Coral Reefs
The tsunami that struck Japan on Friday brought back memories of the tsunami of 2004 that devastated many parts of Sri Lanka. At the time, the steady destruction of coral reefs around the country was believed to have aggravated the impact of the disaster. The theory was confirmed by Sri Lankan scientist, Harindra Fernando, who was in Sri Lanka recently.
“We created a model of the 2004 Indian Ocean tsunami wave in the lab and tested the effects of damage caused by different wave heights, with and without underwater barriers resembling corals,” said Professor Harindra Fernando of the University of Notre Dame, Illinois, US.
Tsunami Destruction Directly Linked To Destroyed Coral Reefs
“We created a model of the 2004 Indian Ocean tsunami wave in the lab and tested the effects of damage caused by different wave heights, with and without underwater barriers resembling corals,” said Professor Harindra Fernando of the University of Notre Dame, Illinois, US.
Tsunami Destruction Directly Linked To Destroyed Coral Reefs
Thursday, March 10, 2011
Dictator Chic: Colonel Qaddafi—A Life in Fashion
Vanity Fair Magazine Considers Qaddafi a Fashion figure:
Since completing his transition from international pariah to statesman, Colonel Muammar Qaddafi—the longest-serving leader in both Africa and the Arab world—has brought color and his own eccentric panache to the drab circuit of international summits and conferences.
Drawing upon the influences of Lacroix, Liberace, Phil Spector (for hair), Snoopy, and Idi Amin, Libya’s leader—now in his 60s—is simply the most unabashed dresser on the world stage. We pay homage to a sartorial genius of our time
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Since completing his transition from international pariah to statesman, Colonel Muammar Qaddafi—the longest-serving leader in both Africa and the Arab world—has brought color and his own eccentric panache to the drab circuit of international summits and conferences.
Drawing upon the influences of Lacroix, Liberace, Phil Spector (for hair), Snoopy, and Idi Amin, Libya’s leader—now in his 60s—is simply the most unabashed dresser on the world stage. We pay homage to a sartorial genius of our time
Vanity Fair and Qaddafi
Wednesday, March 9, 2011
Sticking to a Diet to Lose Weight
Finding the right diet or exercise plan that would work is not very hard. While a good comprehensive plan is important but sticking to the plan for a considerable amount of time enough to observe results is most essential.
What is causing failure for most dieters comes from a natural response from the body to changes in behavior. The body's tendency is to resist any change. An approach is required to confront this natural reaction wisely to overcome what seems impossible. Keep in mind that changes in behaviors that have developed with you throughout your life will never happen overnight. All you need is a plan to help you stick to the new behavior over a considerable period of time until it becomes a lifestyle.
A technique to stick to a diet long enough to lose the weight you want.
What is causing failure for most dieters comes from a natural response from the body to changes in behavior. The body's tendency is to resist any change. An approach is required to confront this natural reaction wisely to overcome what seems impossible. Keep in mind that changes in behaviors that have developed with you throughout your life will never happen overnight. All you need is a plan to help you stick to the new behavior over a considerable period of time until it becomes a lifestyle.
A technique to stick to a diet long enough to lose the weight you want.
Monday, March 7, 2011
Agatha Christie Found 3,000-year-old ivories Displayed
Carved ivories dating back almost 3,000 years, which were excavated with the help of novelist Agatha Christie, will go on show for the first time after being bought for £1.17 million by the British Museum in London.
The 6,000 treasures were discovered between 1949 and 1963 at Nimrud in what is now northern Iraq, in an excavation led by Sir Max Mallowan, one of Britain's most celebrated archaeologists.
His first wife, murder-mystery writer Christie, was in the excavation team and is known to have cleaned and preserved some of the objects, possibly using her face cream.
The ancient objects include carved decorative ivories for use on wooden furniture, as well as fragments of ivories used on horse trappings, statues and decorative boxes.
The Press Association: 3,000-year-old ivories go on show
The 6,000 treasures were discovered between 1949 and 1963 at Nimrud in what is now northern Iraq, in an excavation led by Sir Max Mallowan, one of Britain's most celebrated archaeologists.
His first wife, murder-mystery writer Christie, was in the excavation team and is known to have cleaned and preserved some of the objects, possibly using her face cream.
The ancient objects include carved decorative ivories for use on wooden furniture, as well as fragments of ivories used on horse trappings, statues and decorative boxes.
The Press Association: 3,000-year-old ivories go on show
Friday, February 25, 2011
A Fish Called Mola Mola
Mola mola is the heaviest known bony fish in the world with an average adult weight of 1,000Kg.
Mola mola is native to tropical and temperate waters around the globe. It resembles a fish head with a tail, and its main body is flattened laterally.
Mola Mola feeds mainly of jellyfish and it consumes large amounts in order to develop and maintain their great bulk.
Mola Mola Females can produce more eggs than any other known vertebrate. Their fry resemble miniature pufferfish, with large pectoral fins, a tail fin and body spines uncharacteristic of adult sunfish.
Mola mola adults are vulnerable to few natural predators, but sea lions, orcas and sharks will consume them.
Among humans, mola mola are considered a delicacy in some parts of the world, including Japan, the Korean peninsula and Taiwan. In the European Union, regulations ban the sale of fish and fishery products derived of the Molidae family.
Mola mola are frequently, though accidentally, caught in gillnets, and are also vulnerable to harm or death from encounters with floating trash, such as plastic bags.
A member of the order Tetraodontiformes, which also includes pufferfish, porcupinefish and filefish, the sunfish shares many traits common to members of this order. It was originally classified as Tetraodon mola under the pufferfish genus, but it has since been given its own genus, Mola, with two species under it.
The ocean sunfish, Mola mola, is the type species of the genus.
Mola mola is native to tropical and temperate waters around the globe. It resembles a fish head with a tail, and its main body is flattened laterally.
Mola Mola feeds mainly of jellyfish and it consumes large amounts in order to develop and maintain their great bulk.
Mola Mola Females can produce more eggs than any other known vertebrate. Their fry resemble miniature pufferfish, with large pectoral fins, a tail fin and body spines uncharacteristic of adult sunfish.
Mola mola adults are vulnerable to few natural predators, but sea lions, orcas and sharks will consume them.
Among humans, mola mola are considered a delicacy in some parts of the world, including Japan, the Korean peninsula and Taiwan. In the European Union, regulations ban the sale of fish and fishery products derived of the Molidae family.
Mola mola are frequently, though accidentally, caught in gillnets, and are also vulnerable to harm or death from encounters with floating trash, such as plastic bags.
A member of the order Tetraodontiformes, which also includes pufferfish, porcupinefish and filefish, the sunfish shares many traits common to members of this order. It was originally classified as Tetraodon mola under the pufferfish genus, but it has since been given its own genus, Mola, with two species under it.
The ocean sunfish, Mola mola, is the type species of the genus.
The Very Rare Long Nosed Gar Fish
The Gar Fish (Belone belone), or sea needle, is a pelagic, oceanodromous needle fish found in brackish and marine waters of the Eastern Atlantic, the Mediterranean Sea, the Baltic Sea, etc.
The fish lives close to the surface and has a migratory pattern similar to that of the mackerel, arriving a short time before the latter to spawn.
It is long and slender, sometimes 2 or 3 feet (0.91 m) in length. (See a Picture of Long Nosed Gar Fish)
From the North Sea, Garfish migrate to shallow waters in April and May. They spawn in areas with eel grass in May and June. In the autumn they return to the open sea, including the Atlantic west of the British Isles.
Garfish are pelagic, they feed on small fish and leap out of the water when hooked.
The garfish are oviparous and the eggs are often found attached to objects in the water by tendrils on the egg's surface.
Garfish have unusually green bones (due to biliverdin) which discourages many people from eating them, but the green color is harmless.
They are caught mainly in fixed nets along the coast in shallow waters.
Garfish - Wikipedia, the free encyclopedia
The fish lives close to the surface and has a migratory pattern similar to that of the mackerel, arriving a short time before the latter to spawn.
It is long and slender, sometimes 2 or 3 feet (0.91 m) in length. (See a Picture of Long Nosed Gar Fish)
From the North Sea, Garfish migrate to shallow waters in April and May. They spawn in areas with eel grass in May and June. In the autumn they return to the open sea, including the Atlantic west of the British Isles.
Garfish are pelagic, they feed on small fish and leap out of the water when hooked.
The garfish are oviparous and the eggs are often found attached to objects in the water by tendrils on the egg's surface.
Garfish have unusually green bones (due to biliverdin) which discourages many people from eating them, but the green color is harmless.
They are caught mainly in fixed nets along the coast in shallow waters.
Garfish - Wikipedia, the free encyclopedia
Little Story of Penguin Pete of The Pittsburgh Penguins
Penguin Pete was the Pittsburgh Penguins’ first mascot. He was an Ecuadorian-born penguin on loan from the Pittsburgh Zoo. Penguins officials even had special ice skates made for Pete by CCM in Canada. A skater from the University of Pittsburgh taught Pete at the arena how to ice skate.
Penguin Pete made his first appearance during the second intermission of a game against the Boston Bruins on October 19, 1968.
Penguin Pete made six more appearances. His last appearance was on November 16 of the same year during a game against the New York Rangers. He died of pneumonia only one month into his first season. It is believed that his death was due to the ice crew at the Civic Arena keeping his nesting area too warm.
Penguin Pete died on November 23, 1968 and was sent to an area taxidermist. He was later displayed in the lobby of the Penguins team offices at the arena. However, the stuffed Pete was later removed from the lobby when a few concerned callers objected to its presence there. (Here are some Pictures of Penguin Pete)
A second penguin mascot, dubbed "Re-Pete", was later loaned to the team and made it through the 1971–72 NHL season.
The team later adopted Iceburgh, a more traditional mascot, for the 1993–94 NHL season. While Iceburgh's name is a play on both iceburg and Pittsburgh, not reviving the Penguin Pete name was likely done to avoid confusion with the mascot of the same name at Youngstown State University in nearby Youngstown, Ohio.
Penguin Pete - Wikipedia, the free encyclopedia
Penguin Pete made his first appearance during the second intermission of a game against the Boston Bruins on October 19, 1968.
Penguin Pete made six more appearances. His last appearance was on November 16 of the same year during a game against the New York Rangers. He died of pneumonia only one month into his first season. It is believed that his death was due to the ice crew at the Civic Arena keeping his nesting area too warm.
Penguin Pete died on November 23, 1968 and was sent to an area taxidermist. He was later displayed in the lobby of the Penguins team offices at the arena. However, the stuffed Pete was later removed from the lobby when a few concerned callers objected to its presence there. (Here are some Pictures of Penguin Pete)
A second penguin mascot, dubbed "Re-Pete", was later loaned to the team and made it through the 1971–72 NHL season.
The team later adopted Iceburgh, a more traditional mascot, for the 1993–94 NHL season. While Iceburgh's name is a play on both iceburg and Pittsburgh, not reviving the Penguin Pete name was likely done to avoid confusion with the mascot of the same name at Youngstown State University in nearby Youngstown, Ohio.
Penguin Pete - Wikipedia, the free encyclopedia
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