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Honda Track Day @ Sepang - 1st attempt

This is officially my first track day but hopefully won't be the last. I learn the line mostly from onboard videos I found in YouTube lol ...

Stocks on fire. Dow soars 130 points to record

Here's are the top talking points:

1. Great start: The Dow jumped 130 points (nearly 0.8%) to a record level of 16,956, while the S&P 500 closed at 1,973, also a record. The Nasdaq bounced 1.1%. Earlier in the trading session, the Dow was a mere two points away from 17,000. It crossed the 16,000 mark only seven months ago.

Quincy Krosby, a market strategist for Prudential Financial, said stocks are benefiting from new money from mutual funds and other big investors coming into the market at the start of the second half of the year.

She said recent economic data and whispers of a strong June jobs report that is due out on Thursday have been "lending credence to the notion that the economy is not falling off a cliff."

It's been a slow and steady grind to the top for the blue chip indexes, but the Nasdaq has seen a bit more action. The Dow has moved at least 1% in either direction on 14 days so far this year, while the Nasdaq has fluctuated by that amount 28 times.

Asian Manufacturing Activity Delights but Exports Disappoint

Factory output across Asia expanded in June following months of decline in its two largest economies: China and Japan, manufacturing surveys showed.

However, the new export indexes which estimate the strength of overseas demand, showed moderate growth, suggesting the region has yet to benefit from an uneven eurozone recovery and the delayed revival in the US economy, Asia's major export market.

China and Japan

China's final HSBC/Markit purchasing managers' index  (PMI) rose to 50.7 in June from 49.4 in May, slightly below the preliminary reading, but logging its first expansion in six months.

China's official gauge, which is skewed more towards larger state-owned firms, hit a six-month high of 51.0.

The surveys showed Chinese export orders growing marginally.

In Japan, central bank and purchasing managers' surveys highlighted improving manufacturing activity amid lacklustre export performance.

The Bank of Japan's business optimism gauge dipped in the second-quarter, but companies expressed optimism about the future, declaring willingness to increase capital investment and output.

At what point will China stop lending the U.S. money?

At present, the U.S debt to the Chinese government is quickly approaching $1 trillion in treasury bills. At what point will China decide that the U.S. cannot pay them back in full, and stop buying treasury bills?


When they start buy more of the stuff the make themselves and no longer need a trade surplus to make their economy grow so do not need to fiddle with the exchange rate to keep their stuff cheap when priced in $. The time may be coming soon.

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IFLA releases background paper on e-lending | TeleRead: News ...

The paper attempts to:. Provide an overview of the issues relating to ebooks in libraries Summarize the current positions of publishers in both the scholarly publishing and trade publishing sectors Summarize the differences in the way that......

http://www.teleread.com/library/ifla-releases-background-paper-on-e-lending/