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  • Epsilon Capital Management Economy Reviews The huge fiscal and monetary stimulus dispensed in recent years has staved off the onset of chronic deflation. For now.

    The deficits created by this spending would be inflationary only if the measures occurred in a period of full employment and created excess demand. That isn't the case in the US, where the large budget shortfalls are a response to private-sector weakness that has depleted tax revenue.

    Indeed, even with persistent trillion-dollar deficits and huge monetary-easing programs, the slack we see in the economy reflects the huge size and scope of the offsetting deleveraging in the private sector that I noted in yesterday's column.

    Monetary Stimulus: The Federal Reserve and other central banks have been extremely aggressive. First, the Fed pushed the short-term rates they control to almost zero - with little effect. Then it turned to quantitative easing, the enormous purchases of government bonds and other securities that have been tried by the Bank of Japan for years without notable success. The Fed, with its dual mandate to promote full employment as well as price stability, is using a very blunt instrument to try to create jobs.

    The central bank can raise or lower short-term interest rates, and buy or sell securities. Those actions have little to do with creating more jobs. In contrast, fiscal policy can be surgically precise, aiding the jobless by extending and expanding unemployment benefits.

    Mortgage Rates The Fed...

  • commodities reviews agile financial Tokyo Canadian stocks fell for a second day as commodities producers declined after Cypriot lawmakers rejected an unprecedented bank levy, sparking concerns Europe’s debt crisis will worsen. Pengrowth Energy Corp. (PGF) lost 1.2 percent as oil retreated after the euro fell to a three-month low versus the dollar. Legacy Oil + Gas Inc. slid 5.6 percent after an analyst raised concerns about its debt. Taseko Mines Ltd. and Teck Resources Ltd. fell at least 4 percent as copper touched the lowest level in almost seven months. Lululemon Athletica Inc. (LLL)slumped 2.6 percent after it said a shortage of women’s pants will cause quarterly revenue to miss company forecasts. The Standard & Poor’s/TSX Composite Index (SPTSX) fell 7.89 points, or 0.1 percent, to 12,773.87 in Toronto, after gaining as much as 0.4 percent earlier in the day. The S&P/TSX has risen 2.7 percent this year. Trading volume was 5.5 percent below the 30- day average. “It’s a knee-jerk reaction, given how small Cyprus is,” said Anil Tahiliani, a fund manager with McLean & Partners in Calgary. The firm manages about C$1 billion ($973 million). The European Union “won’t let Cyprus implode. I think people are using this as an excuse to take money off the table.” The island nation’s parliament voted against imposing losses on depositors, a key demand of European officials in return for bailout funds. Equities briefly pared losses after the vote when the European Central ...

  • agile tokyo financial reviews LONDON (MarketWatch) — European stock markets staged broad-based losses on Monday, after a bailout proposal for Cyprus, including a controversial levy on bank deposits, stoked fears that other struggling countries would follow the same path. The Stoxx Europe 600 index (XX:SXXP) lost 0.2% to close at 296.81. The losses mirrored a weak trading day in Asia along with softness for U.S. stocks, on the back of 10 billion euro ($12.9 billion) deal to bail out Cyprus announced over the weekend. U.S. stocks open sharply lower on Cyprus deposit tax. The bailout agreement came with an unprecedented levy on bank deposits, with depositors with more than €100,000 euros taxed at 9.9%, while those with less at 6.75%, marking the first time in the euro-zone crisis that depositors will lose money and raising fears such measures could spread to other struggling euro-zone nations. Here’s why markets are in an uproar over Cyprus deposit tax A vote on the bailout was reportedly pushed back a day, as President Nicos Anastasiades, who has been in parliamentary meetings in Nicosia, reportedly wants the terms of the deal amended.

    “Should depositors in Cyprus or other peripheral countries feel safe now? They may not. After all, deposit-guarantee schemes do not guarantee against a levy. Depositors may also have to factor in that the one-off levy could inspire national governments to do the same thing. So the risk of bank runs has just gone up,” analysts at Danske Ban...

  • global asia energy news articles. Registerto join ConEdison Solutions, DN Tanks, Haynes and Boone, LLP, and Energy Manager Today for a one-hour energy management webinar. Today’s energy managers have the opportunity to maximize the value of their energy investments by developing comprehensive and integrated solutions. This exclusive Webinar, hosted by Energy Manager Today and ConEdison Solutions, offers a fresh perspective on the latest trends and applications in Demand Response and Energy Audits to help decision makers understand how they can truly achieve energy optimization. You will hear from experts on the most recent regulatory changes influencing Demand Response, Thermal Storage applications, and the benefits of a world class energy audit. Meet our expert panel: • Andrew Weissman, Senior Energy Advisor, Haynes and Boone, LLP • Guy Frankenfield, Manager, TES & Biofuel Tanks, DN Tanks • Anthony Spera, National Director, Sales for Energy Services, ConEdison Solutions

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  • Stratford leads state in cutting energy use

    Community, Communication Design

    STRATFORD -- Visitors to the council chambers at Town Hall may have noticed that the room is lighted by a pair of outsized candelabra-style lighting fixtures. In the old days of incandescent bulbs, they each consumed about 640 watts of power. Now they're glowing with light-emitting diodes, and they use only about 144 watts. The updated lamps are part of a massive $10 million project that's cutting energy use -- primarily heating, lighting, air conditioning and refrigeration -- and topping the state in municipal energy savings. "Stratford is a leader -- they're out in front in taking energy savings to the next level," said Patrick McDonnell, United Illuminating's director of conservation and energy management. "There's really no magic here -- you use the energy savings to pay off your investment." State Rep. Laura Hoydick, R-Stratford and a ranking member of the Legislature's Energy and Technology Committee, agreed with McDonnell's assessment. "In the school system alone, from 2005 to 2010, the town saved $1.5 million in reduced energy use," she said. Overall, Stratford has updated 37 of the 50-plus buildings owned by the town, according to officials. The town's latest $10 million undertaking is largely funded as a loan from a private sector initiative called the Energy Savings Performance Contract, or ESPC. The money will be paid back over the next decade from the cost savings the town is enjoying on heating oil, natural gas and electricity. &quo...

  • Cutting carbon emissions and heating bills is a key concern for many of us. Global Energy Systems’, MCS accredited Eco Air Boiler offers a cost effective solution, with simple MCS accredited installation service and minimal disruption. An Eco Air Boiler can run your central heating and hot water system with low carbon, renewable energy through Global Energy Systems’ air source heat pump technology. Offering savings of up to 60% of carbon emissions and 65% of heating bills, an Eco Air Boiler can pay back your investment in as little as 3 years.

    Whether you are looking for an environmentally responsible way of providing central heating and hot water for a young family, planning to reduce your fuel bills for retirement or designing an eco upgrade to make your home or office more sustainable air source heat pumps are an ideal solution. Eco Air Boilers can heat water up to 70°C from air temperatures as low as -25°C, with minimal noise and easy controls. Designed and built for the UK climate to offer up to 400% efficiency, generating up to 4 times the heat output of the electrical input, this is micro generationthrough renewable energy in your own home.

    As an MCS accredited manufacturer and installer of our own heat pumps, Global Energy Systems can provide a full assessment, specification and installation service, ensuring that your renewable energy solution is tailored to your needs.

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  • Calgon Carbon Corporation (CCC) Q4 2012 Earnings Call February 21, 2013 10:00 AM ET Operator Ladies and gentlemen, thank you for standing by, and welcome to the Calgon Carbon Corporation's Fourth Quarter 2012 Results Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions) I will now like to turn the call over to Gail Gerono, Vice President of Investor Relations. Please go ahead. Gail Gerono - VP, IR Thank you. Good morning and thank you for joining us. Our speakers today are Randy Dearth, Calgon Carbon’s CEO, Bob O'Brien our Chief Operating Officer and Steve Schott our CFO. Before we begin, I would like to remind you that the Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for forward-looking statements. Today's presentations or perhaps some of the comments that Calgon Carbon’s executives make during the Q&A may contain statements that are forward-looking. Forward-looking statements typically contain words such expect, believe, estimate, anticipate, or similar words indicating that future outcomes are uncertain. Statements looking forward in time including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions...


    German waste to energy technology manufacturer, Doosan Lentjes, a part of Doosan Power Systems, is to deliver key boiler technologies for a new waste to energy facility being built in Krakow, Poland. Doosan said that the plant will be based on its air-cooled reciprocating grate and boiler technology. As a key subcontractor to POSCO Engineering & Construction of South Korea, Doosan Lentjes is to supply a complete boiler system for the plant, which will consist of two lines capable of processing up to 220,000 tonnes of municipal solid waste per year. The company added that the new plant is currently the largest waste to energy plant under construction in Poland. According to Doosan the contract includes engineering, procurement and delivery of equipment as well as services for construction and commissioning. The plant, scheduled for completion by the end of 2015, will combine Doosan Lentjes’ reciprocating grate and steam generator technologies to produce electricity and district heat. Doosan added that it has installed similar technologies at several waste to energy plants worldwide, most recently at plants in Frankfurt, Germany and Harlingen, Netherlands. Once complete the plant is expected to generate around 8 MW of electricity and some 35 MW of heat.

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    Korean Firm Wins Polish Waste to Energy Contract A contract to build a 220,000 tonne per year waste...


    The global energy system is on an unsustainable path, The InternationalEnergy Agency said in their “World Energy Outlook” report, released Monday in London.

    Fossil fuels will remain dominant in the global energy mix for the next 20 years, supported in part by subsidies that, in 2011, jumped by almost 30 percent to $523 billion. Most of those subsidies were in the Middle East and North Africa. Global oil demand is seeing growing by 7 million barrels per day in 2020 and exceeding 99 mb/d in 2035, by which time oil prices reach $125 a barrel on average, in real terms (over $215 per barrel in nominal terms). Taking all new developments and current policies into account, the world is still failing to put the global energy system onto a more sustainable path, IEA authors said. The New Policies Scenario section of the report, which is their baseline scenario for energy supply and demand going forward, shows that several fundamental trends persist in the energy market. That is energy demand and CO2 emissions rising ever higher than they already are; energy market dynamics being driven by China and other emerging economies; fossil fuels remaining the dominant energy sources; and getting power to the poor continues to be an elusive goal. Global energy demand will rise by over one‐third in the period to 2035. And as a result, energy‐related CO2 emissions rise from an esti...

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    Na de recente recessie steeg het aantal voltijdse werknemers vrouwen op de arbeidsmarkt terwijl het betalingstarief van die vrouwen nauwelijks gestegen in vergelijking met hun mannelijke tegenhangers. Volgens de Amerikaanse 2009-2011 verdiend communautaire enquête uitgevoerd door het Census Bureau, vrouwen gemiddeld slechts 79 cent in vergelijking met elke $1 die verdiend door mannen. De verbetering ten opzichte van de enquête van 2007-2009 was slechts een cent. Terwijl de genderkloof recente aandacht te wijten aan de komende presidentsverkiezingen heeft opgedaan, is een probleem dat blijft na decennia van vrouwen in de beroepsbevolking. Met de huidige verhoging, betalen pariteit plaatsvinden in 2063. Dit is ondanks recente federale wetgeving uitgevaardigd om te helpen zelfs de loonkloof. Met de nieuwe wet op zijn plaats, kunnen werknemers een werkplek discriminatie betalen klacht indienen binnen 180 dagen na ontvangst van de discriminerende salaris.

    Er is slechts één beroep waarin vrouwen zoveel als mannen maken. Vrouwen werken in transport, maken opslag en distributie meer dan mannelijke tegenhangers. Anders dan dat, echter, zijn vrouwen aantoonbaar onderbetaalde voor hetzelfde niveau van werk. Ook zijn er samen met de federale wetten tegen discriminatie naar geslacht gepresenteerd in de Tyler groep Barcelona Colorado staatswetten tegen de praktijk. De staatswetten verbieden discriminatie niet alleen op basis van geslacht maar ook leeftijd, ras, geslacht en nationaliteit...

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