| 2007 BUDGET - ECONOMIC PERSPECTIVE AND OBJECTIVES EÄIC
IT is important that the review of our economic circumstances, and the scope and intent of the economic and financial policies which will be presented today should be set within the context of the strategic objectives which have been established for our nation. Parliament has, within the past year, received and approved The National Strategic Plan of Barbados 2006-2025 . Our N ational Strategic Plan commits us to the goal of becoming, by 2025, a fully developed society that is prosperous, socially just and globally competitive. It envisions a society driven primarily by a services economy, fuelled by a steady rate of exp ort growth, with a state of the art information and communications infrastructure, a high savings rate, widespread material prosperity, full employment, an equitable distribution of income and wealth and an enhanced quality of life.
It’s ‘Indian’ SEZs, stupid…
It's ‘Indian' SEZs, policies and acts at the core; and merely discussing about SEZs acts and policies by ignoring voluminous Indian standards in the background when what gets proposed and what finally gets implemented is as similar or as different as two different sides of a coin in India, one needs to be extra cautious. For the rest of the world, the point needs to be explained with evidences. In India, police forces at times take out their duty books and complaint books out of their police stations (which they aren't supposed to) to get necessary signatures on complaints lodged by influential citizens as it recently happened with a Bollywood actor in Mumbai, whereas same police force consistently refused to lodge complaint against killers and rapists from marginalized sections as we found in Nithari.
EMI, Apple to sell DRM-free songs online
LONDON- Breaking from the rest of the recording industry, EMI Group said Monday it will begin selling songs online that are free of copy-protection technology through Apple Inc.'s iTunes Store. The deal, however, doesn't include music from the label's biggest act, The Beatles. ITunes customers will soon be able to buy songs by the Rolling Stones, Norah Jones, Coldplay and other top-selling artists for $1.29, or 30 cents more than the copy-protected version. The premium tunes also will be offered in a higher quality than the 99-cent tracks. EMI Chief Executive Eric Nicoli said The Beatles music catalog is excluded from the deal, but said the company was "working on it." He declined to set a time frame for negotiations over the catalog. The announcement followed calls by Apple Chief Executive Steve Jobs earlier this year for the world's four major record companies, including EMI Group PLC, to start selling songs online without copy-protection software.
Yen Drops to One-Month Low as Stocks Boost Appetite for Risk
April 3 (Bloomberg) -- The yen fell to a one-month low against the dollar and euro on expectations rising global stocks will give traders more confidence to buy higher-yielding assets financed with money borrowed in Japan. The Japanese currency was the world's worst performer versus the U.S. dollar on bets investors resumed the carry trade, attracted by interest rates in Japan that are the lowest among major economies. The dollar extended its gains against the yen and rose versus the euro after an industry report showed signs of strength in the U.S. housing market, reducing the likelihood of interest rate cuts by the Federal Reserve. ``The yen is suffering again from renewed appetite for the carry trade,'' said Thierry Elias, head of currency trading in New York at Natixis.
AVP to sell to Shamrock Holdings subsidiary for $36.9M
AVP Inc. has agreed to be sold to AVP Acquisition Corp., a subsidiary of Burbank's Shamrock Holdings, for about $36.9 million, or $1.23 a share, the company said Thursday. Once the merger closes, the Los Angeles-based sports entertainment company will become a wholly owned subsidiary of AVP Holdings Inc. The deal, which will take AVP private, is expected to close in the summer of 2007. .
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