No dividing Sindh: Khursheed Shah
He said the PPP instead empowered the provinces with the 18th amendment.
Addressing a party gathering in Ali Wahan area of Sukkur, the PPP minister said “political orphans’ have started to accuse PPP of trying to divide the Sindh province. He said these people have forgotten that the PPP has given identity to Pakhtuns, how come PPP divide Sindh.
He said unemployment would be overcome in Sindh by 2015 with the completion of the Thar Coal Project.
Mr Shah said Sindh got Rs 200 billion benefit due to the 18th amendment, and the amount would rise to Rs 800 billion.
Jobless Moroccan law graduate dies after burning himself
January 25, 2012 by Trend PK
Filed under World News
RABAT, Morocco: A 27-year-old Moroccan who set himself on fire to protest his unemployment died from his burns Tuesday in a Casablanca hospital, his wife said.
Abdelwahab Zaydoun was part of a group of unemployed graduates who occupied an Education Ministry building in Rabat, the Moroccan capital, to protest their unemployment and threatened to set themselves fire Wednesday when police didn’t let supporters deliver them food.
“I saw him in the morgue, he is dead and I accuse the makhzen of killing him,” Amina Naddam, 25, told The Associated Press by telephone from the hospital, referring to the ruling elite that many say controls the kingdom.
“I ask the human rights organizations for help in opening an investigation into whoever forbade the bread from going to the protesters,” she added, weeping into the telephone.
Once rare, self-immolation has become a tactic of protest across North Africa ever since a vegetable seller in Tunisia set himself on fire in December 2010, setting off an uprising that toppled the government.
The Moroccans were part of the “unemployed graduates” movement representing millions of university graduates demanding jobs. While Morocco’s official unemployment rate is only 9.1 percent, it rises to around 16 percent for graduates.
The North African kingdom of 32 million is home to the largest income inequalities in the Arab world. It has 8.5 million people in poverty and ranks 130 out of 186 on the U.N.’s human development index, but still hosts international stars for concerts and has built a huge new mall with luxury stores near Casablanca.
Zaydoun, who had a master’s degree in law, was from the southern coastal town of Essaouira but moved to near Rabat to take part in the protests, his wife said.
After the activists had occupied the ministry building for two weeks, security surrounded them and prevented colleagues from bringing them food. In a video last week, supporters threw bread over the heads of security while activists doused themselves with liquid and ran to get the bread.
Zaydoun was seen running to the bread, throwing it back to the building before being beaten by police. When a colleague burst into flames, he ran over to help, only to catch fire himself.
The state news agency confirmed his death, saying he had third-degree burns across 50 percent of his body. The other activist in the hospital had burns across his face and hands but was in good condition.
Security at the hospital was heavy, according to activist Abdallah Kacimi.
“It is surrounded as though they are preparing for a war,” he said.
On Thursday, the government elected in November presented its new plan to parliament with a focus on job creation, education and improving health care. The Islamist-led government promised to create 200,000 new jobs a year through public and private investment.
Prime Minister Abdelilah Benkirane’s plan to bring unemployment down to 8 percent called for increased training programs and some government jobs to absorb the unemployed graduates, but will mainly rely on the private sector.
While the Moroccan economy has posted steady growth rates for the last several years of around 4 to 5 percent, it has been unable create enough jobs for the growing numbers of young people entering the work force.
The self-immolation of Tunisia’s Mohammed Bouazizi in the hardscrabble town of Sidi Bouzid in December 2010 became the symbol of the depths of despair to which the poor of North Africa and the Middle East have sunk. Two weeks ago, four more people set themselves on fire in Tunisia, including a father of three who died from his burns. AGENCIES
Oil prices mixed in Asia on US non-farm payrolls report
SINGAPORE: Oil prices were mixed in tepid Asian trade Friday as traders locked in profits ahead of the release of US data expected to show rising unemployment in the world”s largest economy, analysts said.
New York”s main contract, light sweet crude for delivery in September, gained 16 cents to 82.17 dollars a barrel.
Brent North Sea crude for September delivery shed three cents to 81.58 dollars. Traders were consolidating their positions before the release of a key US non-farm payrolls report to be released later Friday, said Ong Yi Ling, an investment analyst with Phillip Capital in Singapore.
“I think for the earlier part of the day, people will lock in profits” before an expected crude price dip when the report, which analysts forecast will show already high unemployment rising, is released, she said.
Most economists believe July saw non-farm payrolls fall by 87,000 and the unemployment rate edge up to 9.6 percent, raising more doubts about the fragile economic recovery.
The pessimistic outlook for the non-farm payrolls comes on the heels of a US Labor Department report showing initial jobless benefit claims climbed 4.1 percent to 479,000 in the week to July 31.
The numbers confounded most analysts” expectations of a fall to 455,000.
otb
May 1, 2010 by Trend PK
Filed under World News
The Off-Track Betting Corporation has just survived the latest of its many brushes with death, but on Monday at the Yankee Clipper, its South Street Seaport outpost, rumors of the institution’s demise seemed, well, just about accurate.The Yankee Clipper had been conceived as an upscale alternative to OTB’s usual street-front betting parlors, with a restaurant and bar and $5 admission. But at some point during its parent organization’s long slide into the red, those amenities fell away, leaving only the cover charge, in return for which OTB takes a smaller cut of the winnings.
Now horse-racing fans who choose to visit the Clipper (and there are not many) place their bets in the ghostly shell of a restaurant or from the empty bar, which, with its nautical motif and its lack of windows, might as well be on a lower deck of a sunken cruise ship.
Two days after OTB’s board of directors voted, despite losses of tens of millions of dollars, to keep at least some of the 66 state-run betting parlors alive for another year, I sat there alone, puzzling over the daily program. Three young guys in the corner booth bemoaned a race that had cost them $208, which they calculated to the last expletive. Yen, an older regular who preferred, like every gambler I met, not to give his full name, scanned the television screens for clues about the horses. And Neil Dachille, an OTB employee of 11 years who had expected to spend the afternoon at the unemployment office, contemplated the future of his job.
Germany”s unemployment falls sharply in April
BERLIN: The German unemployment rate declined significantly to 8.1 percent in April, reflecting a stronger economic recovery, according to government figures released Thursday.
The German unemployment rate declined significantly to 8.1 percent in April, reflecting a stronger economic recovery, according to government figures released Thursday.
Germany”s Federal Labor Agency said some 3.4 million people were trying to find jobs, 162,000 fewer than in March. The figure compared with 8.5 percent the previous month.
On a seasonally adjusted basis, the unemployment rate dropped to 7.8 percent, which registered the fifth consecutive monthly decline and the sharpest fall since early 2008.
“There was an unexpectedly strong spring upsurge on the labor market in April. The current trend is encouraging,” Labor Agency chief Frank-Jurgen Weise said.
He attributed the unemployment decline to “active labor market policies,” referring to the government-backed short work program, which allows companies to cut workers” hours instead of layoffs. The scheme has been extended until March 2012.
The rebounding labor market could be viewed as another sign of recovery in Europe”s biggest economy, after Germany”s consumer confidence and income expectations for May rose strongly, according to reports released Tuesday by research group GfK.
As exports regained vitality in March and April, Germany”s economy began to revive after stagnating duirng a unusually cold and long winter. The government predicted the country”s economy would grow 1.4 percent in 2010, and 1.6 percent in 2011, after a severe 5-percent contraction in 2009, the largest slide since World War II.
world bank
April 25, 2010 by Trend PK
Filed under World News
World Bank gives emerging countries greater clout
The World Bank decided at a high-level meeting Sunday to give greater clout to emerging country members while also raising more money for them to work with.
The bank’s 186 members approved a capital increase of 5.1 billion dollars, the first hike in more than 20 years, to help fund record lending in the wake of the global economic crisis.
They also approved a symbolic transfer of voting rights on bank policy to developing countries, giving them a stronger voice in one of the world’s top financial institutions.
“Today was a very good day for multilateralism,” bank president Robert Zoellick told reporters after a bi-annual meeting of the bank’s development committee in Washington.
“This extra capital can be deployed to create jobs and protect the most vulnerable through investments in infrastructure, small- and medium-sized enterprises, and safety nets,” he added.
US Treasury Secretary Timothy Geithner said Washington would contribute 1.1 billion dollars to the increase and underscored that the change in voting weights illustrated the growing shift in power away from established nations.
“The new formula will better reflect the weight of the developing and transition countries in the global economy, while protecting the voice of the smallest and poorest countries,” he said in a statement.
Japan agreed to the biggest decline in voting rights, its first since becoming a bank member in 1952, deputy finance minister Rintaro Tamaki said.
Tokyo accepted the reduction “to contribute to realizing a shift of the voting share to the developing and transition countries,” he said in a statement.
Japan nonetheless remained the second most important bank member, well behind the United States but ahead of China.
Emerging countries now control 47.19 percent of voting rights in the bank’s decisions, Zoellick noted, before expressing hope they would achieve parity in the future.
source:thejakartaglobe
new mexico unemployment
April 25, 2010 by Trend PK
Filed under World News
New Mexico Unemployment ,If you live in New Mexico and are unemployed, you can get Unemployment Insurance Benefits at the New Mexico Department of Workforce Solutions website. You will be able to find out how to apply for Unemployment Insurance benefits online. You can also apply for the New Mexico Unemployment benefits via the phone.
You can also find out if you are eligible to file a New Mexico Unemployment claim online. For more information on Unemployment Insurance benefits and to apply you should visit the New Mexico Department of Workforce Solutions website at www.uicliams.state.nm.us.
However, right now the website is experiencing some technical difficulties. You may have to try back later if the page does not load.
Gold Rose Toward $1,140 An Ounce, Ending The Week
LONDON: Gold rose toward $1,140 an ounce, ending the week about $20 higher as a sovereign debt crisis in Greece spurred buying of the metal as a hedge against currency volatility.
Palladium rose to its highest in more than two years, boosted by optimism about global autocatalyst demand and possible near-term tightness in the physical markets, analysts said.
Gold’s ability to post gains in the face of a firm dollar indicated the inverse relationship between the greenback and the metal could further weaken, said Tom Hartmann, analyst at California-based broker-dealer Altavest.
“With everything that is going on in Europe, people are losing trust in different types of paper currencies,” and that should benefit gold, Hartmann said.
Gold has traditionally been used as a safe haven in times of economic and political uncertainty, as the metal’s intrinsic value is not dependent on any fiat currency.
Spot gold was at $1,132.85 an ounce at 2:27 p.m. EST (1927 GMT), against $1,131.45 late in New York on Thursday.
U.S. gold futures for April delivery on the COMEX division of the NYMEX settled up $2.10 at $1,135.20 an ounce.
The February non-farm payrolls report showed that U.S. employers cut fewer jobs than expected during the month, and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.
The dollar initially rallied on the news due to economic optimism, but the euro later rebounded, supporting gold.
Concern over the fiscal health of peripheral euro zone economies such as Greece, Italy and Spain have weighed heavily on the euro this year. It is currently down nearly 5 percent versus the dollar in 2010.
Uncertainty over what the next British election may mean for U.K. debt has also heightened volatility in the European currencies, lifting interest in gold as an alternative asset.
Gold priced in euro and sterling terms are hovering near record highs reached earlier this week.
“The shift in sovereign risk away from Greece on Friday has helped support gold, and risk appetite is higher because of the better-than-expected job number,” said James Steel, chief commodities analyst at HSBC.
A Wall Street rally and oil’s sharp gains amid better economic sentiment also boosted gold’s inflation hedge appeal.
Among other precious metals, palladium hit a high of $475.50, the loftiest level since June 2008. It was last at $475 against $458.50.
“The market is very enthusiastic about the prospect of gasoline-driven vehicles, and there is some near-term physical tightness, which is supporting the market,” Steel said.
Platinum group metals are used in catalytic converters to clean auto exhaust fumes. Gasoline-powered vehicles use a greater percentage of palladium and less platinum than diesel engines, which require more platinum and less palladium.
Steady increase in the holdings of U.S. palladium and platinum exchange-traded funds also underscored strong investment demand. As of Thursday, ETFS physical palladium (PALL.P) shares held about 470,000 ounces, and ETFS physical platinum (PPLT.P) had about 270,000 ounces.
Palladium has outperformed other precious metals this year, rising 17 percent compared with a 7.5 percent rise for platinum, 3.3 percent for gold and 2.7 percent for silver.
Silver was at $17.30 an ounce against $17.10, tracking gains in gold. Platinum was at $1,574.50 an ounce against $1,576.50.
Oklahoma Unemployment
February 14, 2010 by Trend PK
Filed under World News
TrendPK.com Oklahoma Unemployment : We currently reside in Oklahoma. I have found a better job in Florida. my husband is currently on unemployment after a mass layoff. Cane he still collect unemployment in Florida from the state of Oklahoma? or would he have to apply in FL? Would he be eligible in [...]
World Stocks Mixed Ahead of Fed Meeting
HONG KONG: World stock markets were mixed Tuesday as investors took profits before year’s end and awaited the Federal Reserve’s latest assessment of the U.S. economy.
A mostly down day in Asia and a mixed performance early in Europe followed modest gains on Wall Street, where investors sent major indexes to new highs for 2009 after Dubai’s $10 billion bailout. Oil prices wallowed below $70 a barrel, while the dollar strengthened against the yen.
After a big run since March, the markets have drifted this month. Many investors are unwilling to increase their bets toward the end of the year, with lingering uncertainty surrounding debt problems in Dubai and other governments only adding to their caution.
This week, investors will be watching closely what the U.S. central bank has to say about the world’s largest economy after its policy meeting Wednesday. It’s widely expected to keep interest rates at historic lows.
“The Fed’s statement will definitely influence the markets,” said Peter Lai, investment manager at DBS Vickers in Hong KOng. “The big questions are when the Fed thinks the unemployment rate will start to go down and when it will have to start raising interest rates.”
As trading got started in Europe, France’s CAC-40 and Germany’s DAX were both up 0.2 percent while Britain’s FTSE 100 was off 0.3 percent. Futures pointed to modest gains Tuesday in the U.S. with Dow futures up 4 points at 10,502. S&P futures gained 5.4, or 0.5 percent, to 1,113.40.
In Asia, Japan’s Nikkei 225 stock average fell 22.20 points, or 0.2 percent, to 10,083.48 and Hong Kong’s Hang Seng retreated 271.83, or 1.2 percent, to 21,813.92.
China’s main index fell 0.9 percent amid news the government was vowing to clamp down on surging property prices. South Korea’s Kospi was marginally in the green — rising 0.1 percent to 1,665.85 — after flitting in and out of negative territory.
Elswhere, Australia’s benchmark added 0.4 percent and India’s Sensex lost 0.8 percent.
Tuesday in the U.S., the Dow rose 29.55, or 0.3 percent, to 10,501.05, its highest close since Oct. 1, 2008.
The S&P 500 index rose 7.70, or 0.7 percent, to 1,114.11, its highest finish since Oct. 2, 2008. The Nasdaq composite index rose 21.79, or 1 percent, to 2,212.10.
Oil prices fell in Asia, with benchmark crude for January delivery down 2 cents to $69.49 a barrel. The contract rose 36 cents overnight to settle at $69.51.
The dollar rose to 89.03 yen from 88.55 yen. The euro fell to $1.4561 from $1.4656.
World Stocks Mixed Ahead of Fed Meeting was first posted on December 15, 2009 at 4:32 pm.
