Japan's third-quarter economic atrophy annual rate

According to reports, in reports third-quarter gross domestic product at an annual rate shrinking 3.5% in the same time, the Japanese government confirmed that the country relies heavily on exports by weak demand in Europe dragged down as well as the decline in exports to China. Japan's exports fell due to the economic slowdown in China and the tense political relations between the two countries.

Japan's second quarter, the economy is already weak, after price adjustments in the chain at an annual rate of growth of just 0.3%. Many economists predict Japan's fourth quarter will also shrink, which would be consistent with the definition of many economists recession. The current danger is the world's third-largest economy, Japan has just economic downturn will affect other countries, in particular, is heavily dependent on trade with Japan and Japanese investment in Asian countries.

The United States in 2020 to become the world's largest oil producers

The International Energy Agency released a report refers to the United States around 2020, will be replaced by Saudi Arabia, the world's largest oil producers. The International Energy Agency said that the reason is that there will be a lot of growth and development of extracting oil from shale, and expected the United States in 2035, will be self-sufficient in energy demand. The United States currently relies on imports to meet 20% of its energy needs.

The International Energy Agency predicts that the United States in 2020 will reach 1,110 million barrels of daily oil production, oil production in Saudi Arabia will be 1,060 million barrels.

The department also predicted that the United States will replace Russia in 2015, to become the world's largest natural gas-producing countries.

Reported: Samsung against Apple iOS device chip increase of 20%

MarketWatch on in the Chosun Ilbo, South Korean media reported that Samsung already upgrade to iOS devices A-series chip prices by 20%, in order to combat Apple.

Samsung Electronics recently asked Apple application processor (mobile processor) price increases, "the report quoted sources as saying the reports. Apple began not agree with (the request), but I can not find alternative suppliers, it eventually accepted (price increase). "

The report also said that Apple and Samsung has begun to reflect the new supply prices.

While Apple's latest the A6 and A6X chip custom design from the company's internal chip team, Samsung continues for Apple iOS series equipment production and provide the appropriate chip.

The cost of the bill of an iPhone 5 reveal its A6 chip to spend approximately $ 17.5 $ 3.5 If prices increase by 20%, which means that its chip costs will increase by approximately $ 3.5, which one will make each device costs a corresponding increase in .

In recent years, the emergence of continuous reported that Apple wants to chip production to TSMC, but so far Apple has not been able to complete the conversion. TSMC's upcoming 20-nanometer processor production is expected at the end of 2013, which also may have contributed to the transfer of the Apple production line.

The Greek dilemma yet to break the ice fiscal cliff plug knife

The market is never a shortage of hot spots, like Greece. Greece opened the prelude to the European debt crisis, open up a new situation when every time the European debt, Greece total jump to market upsets reign of terror. Obama re-election for those who bet on falling dollar disappointed investors in the financial markets, Obama's charm lost to Greece suffered a heavy defeat. Greece's cash reserves have been exhausted, Congress summon the courage to strike in protest of the people through the austerity plan, "three carriages" of its aid loans but such "Laoniupoche delay is difficult to place. This week we will spotlight once again turned to Greece.

Although Greek parliamentary vote twice in the last week, successfully make the 2013 Budget approved, to avoid bankruptcy groundbreaking pave the way for the new amount of international aid, but international lenders are still reluctant to disseminate life-saving money in Greece. Prior to the forecast for Friday, Greece will run out of funds on hand, even if the Greek government really the time limit to make ends meet no later than the above estimates, the country is facing bankruptcy dilemma only problem overnight.

Overnight long-awaited Euro Group meeting fruitless, Greece still aid funds are not immediately available. Eurozone member governments on Monday on whether the country issuing more funds there are differences of opinion, even though the Greek government by the draconian 2013 budget, but market concerns still around, how to make Greece's debt levels to continue into the next 10 years to date is still a lack of consensus on this issue.

Days Eurogroup meeting Claude Juncker and other senior EU officials this made the pessimistic forecasts. This meeting is currently in full swing, but the results when baked longer important: Greece almost instant access to the new amount of bailout funds.

Recent recipient hopeless case, Greece will have to take self-help measures to prevent insolvency on Friday € 5 billion of old debt maturity default occurs. However, EU Economic and Monetary Affairs expert Ryan pointed out that Greece can still rely on the original short-term government bonds renewal degrees Off difficulties. At the same time, the IMF [the microblogging main Xilajiade [microblogging] pointed out that, in order to maintain the sustainability of Greece's debt, the parties in the period after still need more effort.

Despite Greece last week by the contents of the draconian 2013 budget bill, but the tripartite bodies need recognized Greek debt sustainability plan within the next decade. IMF main Xilajiade said budget initiatives need to further strengthen the budget bill is clearly necessary to reassess early action to ensure that the budget law to the actual carrying out of the next few days there will only be a small part of the early action will be to identify. " Lagarde, adding that the IMF does not agree Juncker's view, the latter said Greece to achieve a debt-GDP ratio goals need to be delayed for two years.

Morgan Stanley strategist HansRedeker headed Greek Parliament as expected by the Budget, but the EU is expected to postpone issued under the amount of aid loans for Greece, may be postponed to the end of the month in this case, We expect the euro / dollar will be pressure in the short term. "Greek ruling coalition in parliament on Sunday to secure enough votes to make the 2013 budget bill is passed, which is the key condition for Greece to receive international aid and avoid bankruptcy.

In fact, the more severe the problem is, the ruling party in the country has lost the people. According to the latest polls show that 59% of respondents Greek people think that the extreme left-wing alliance Syriza will win any future elections. Currently the largest party in the new Democratic Party support was only 26%. Syriza leader Qipulasi to oppose international assistance famous attempt to privatize state-owned enterprises as illegal, since his position as party leader since he has been called one of the top ten "most dangerous man in Europe". Greek general election held in June this year, the left-wing coalition is firmly opposed to Europe's aid.

Now, the Greek problem has become the focus of the market, Greece or life-saving money so far unresolved, In addition, the meeting of the Euro Group does not have results only on paper, the euro zone will face greater challenges in the future.

Fiscal cliff test market Obama to proceed after the election the first hurdle

After the end of the U.S. presidential election, the "financial cliff" issue has become the focus of the market. If Congress bicameral consensus can not be reached until 2013, the United States will face a $ 650 billion size of austerity, the results will undoubtedly make the downturn in the U.S. economy. However, while both houses of Congress were controlled by the two parties, but for the common interests of the two parties is bound to reach a consensus in a way, a significant impact on the deliberation process and the results will be commodity trends.

In order to avoid the United States reduced to next Greece, U.S. President Barack Obama will pull out all the stops to the U.S. economy pulled off a fiscal cliff. From November 13, Obama will be invited to participate in the House of Representatives leaders to the White House to discuss and resolve the financial cliff. The fiscal cliff coverage is both part of the population benefit from Young Bush tax cuts, and a lot of defense spending of the middle class, and the Department of Defense.

Still control the House of Representatives in the Republican Party after the election. House Speaker John? Boehner November 7, he is willing to re-election after Obama Ma Dacheng an agreement that the conditions are right circumstances "with tax increases reduce the huge national debt of the United States and incorporated into the U.S. financial track. While Boehner did not disclose the specific information on the tax increase, but this speech shows that Republicans are willing to negotiate with Obama. It is learned that received Obama invited House and Senate leaders, including Boehner, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid, and Senate Minority Leader Mitch McConnell.

The analysts believe that challenging Obama's second term, the ruling of the road will not be smooth, bore the brunt of the "fiscal cliff. Report released by the Congressional Budget Office said, "financial cliff" in the next year the U.S. economy back into recession, and the unemployment rate climbed to 9.1 percent by the end of next year, 2013, the gross domestic product (GDP) in the United States also may drop to 0.5%.

Approaching "fiscal cliff that is the most pressing economic challenges facing the United States after the election. On the one hand the tax cuts of the Bush administration during the end of the year is coming to an end. On the other hand, the Republican and Democratic parties are still unable to budget cuts agreed, automatic deficit reduction mechanism will start early next year. Superposition of two phase, to the United States more than the equivalent of $ 600 billion fiscal tightening effect, which could drag on the U.S. economy back into recession next year. On Friday, just win in Tuesday's general election, Obama in the White House issued a public speech, and he called on Congress to work together to put forward a plan to help the United States avoid the drop "financial cliff" doom.

At the same time, U.S. Treasury Secretary Timothy Geithner has said it will remain in office until a new government takes office next year. Reuters believes that consultations last year to help the U.S. government to avoid the debt ceiling, Geithner so impressed by a lot of Republicans, he will serve as an important negotiations aides to help Obama to negotiate with the Republican Party.

In addition, Obama will meet with labor leaders in today, and tomorrow will meet with a number of corporate executives, and to seek the support of the deficit reduction program. Obama also plans to initiate a campaign to win broader support for the proposed tax increases to the wealthy and other outside Washington, White House plans to expand the positive publicity of the deficit reduction measures.

From the current Congress will be about a month's time to discuss financial matters, we believe that the most likely short-term consensus will be reached in mid-December, in order to avoid a substantial reduction in expenditure, and reduce the panic in the market. Will usher in the debt ceiling by March next year, the Financial consensus may be reached after the debt ceiling, still means to stimulate. Prior to this, Bernanke are still in office, do not rule out a more accommodative monetary policy to support commodity prices, but the effect is limited support. December may be the peak of market panic and when merchandise sell into the atmosphere will be more concentrated.

Obama has successfully re-election, while Kaoyan his first hurdle is the "financial cliff" same "financial cliff" is also a test of the market, the future Obama will proceed to the U.S. economy, the dollar will also be affected.

The ECB audit Spain collateral for loans

According to reports, the European Central Bank is currently considering whether to cut the euro area commercial banks as loan collateral debt rating of Spain. ECB spokesman confirmed the bank is reviewing the Spanish loan collateral news. The market worried ECB alleged breach of loan collateral rules about 16.6 billion euros of the bank's assets security risk.

To mortgage rule according to the ECB, the assets of the credit rating of A-level can be used as a credit rating of the collateral in the ECB, and enjoy the lending rate of 0.5%; assets of the rating of the Class B only as two credit rating mortgage goods, the lending rate to 5.5%.

Reported that the ECB's loan collateral audit involves the size of about 80 billion euros in Spain's short-term government bonds, according to the bank DBRS (Dominion Bond Rating Service) system ratings, these bonds were rated A, the Spanish banking 0.5% interest rate loan of 16.6 billion euros from the ECB. Including three international rating agencies Moody's, Standard & Poor's and Fitch, the other major rating agencies, generally given Spain's short-term government bonds Class B rating. This means that, Spanish banks borrowed 16.6 billion euros loan interest rate of 5.5%.

According to the survey of the German World Journal, in Class A rating above 80 billion euros, the ECB in the short-term government bonds of Spain, about 66.5 billion euros of treasury bonds essentially only with a Class B rating qualification; remaining 13.3 billion euros of short-term government bonds, and even does not meet the standard of ECB collateral.

However, the ECB has long insisted that the bank is in strict compliance with the loan collateral rules, and to ensure the security of assets. According to the data of the ECB, since the outbreak of the debt crisis, the behavioral response to the crisis has led to the expansion of the scale of its assets to more than 3 trillion euros, up more than doubled compared to 2008 before the financial crisis.

European Bank of England is very calm and stability maintenance

Accompanied by the announcement of the voting results, the Greek government finally took a breather. Local 8, the Greek parliament narrowly passed the 13.5 billion euros in fiscal austerity case, hope this in exchange for aid and avoid bankruptcy.

The European Central Bank has also been a temporary holding stability and opportunity. In the end of the 8th meeting on interest rates, the bank announced the existing benchmark interest rate and monetary policy unchanged.

In addition, the Bank of England also announced on the 8th to maintain the existing scale of interest rates at 0.5% and the asset purchase program unchanged at 375 billion pounds.

Despite the ruling coalition of the Democratic Left Party chose to abstain, but Greek Prime Minister Georgios Samaras belongs to the New Democratic Party and its partners in the Pan-Hellenic Socialist Movement Party this more than 500-page bill by midnight.

Vote in favor of the austerity measures in the Greek Parliament has 300 seats, 153 members, 128 voted against the motion, while 18 members abstained.

The bill covers most of the 13.5 billion euros austerity plan measures started the prelude to the 2013 budget bill, the Government is expected to be in this weekend to promote the 2013 budget bill clearance.

But this does not mean that the Greek government can sit back and relax. The data published in the 8th, Greece August unemployment rate climbed to a new record high of 25.4%. Schaeuble, the German finance minister, a day after the next week to decide whether to approve further aid to Greece may still be too early.

The economic situation of the euro area as a whole is also worrying. The European Commission pointed out that the euro-zone economy next year will be close to zero growth, but the growth rate will rebound in 2014. The European Commission pointed out that the economy of the 17 euro zone countries in 2013 will be increased by only 0.1% this year, shrinking magnitude is expected to be 0.4%, weaker than the previous forecast, mainly due to the impact of the sovereign debt crisis.

The European Commission also warned that, I am afraid that France next year's public debt fell to the upper limit of the EU regulations target can not be reached, because of the tax increases in the fiscal austerity measures weaken economic growth.

However, the ECB still choose to do anything. The bank announced the benchmark interest rate at 0.75% level unchanged.

European Central Bank President Mario Draghi has said on the 7th, the new ECB debt purchase plan allows no upper limit on the sovereign debt market intervention should be able to dispel concerns about the euro zone or the collapse of. He also said that the funds are beginning to return to the 17 euro zone countries, including those in troubled countries.

Mario Draghi as president of the European Central Bank about a year's time, has been through the ultra-long-term loans to inject € 1 trillion into the financial system, and for the first time the benchmark interest rate down to 1% or less, not Gude Guo central bank's opposition to the introduction of direct monetary trading (OMT) plans to buy the debt crisis in the country's national debt when needed.

Wall Street Journal: British legislators denounced Starbucks Amazon Google tax avoidance

The British Parliament held a hearing on Monday, companies such as Starbucks, Google and Amazon in the UK to pay the tax is too low. The executives of the three companies are accused of immorality and manipulation of the tax situation of the company in the UK. The British legislators asking them to explain why the United Kingdom made ​​a huge revenue tax paid rarely hearing a total of consistently close to three hours. Currently, multinational companies may be payable in respect of the profits from the taxpayer in the UK transferred to other low-tax countries such as Ireland. In recent months, legislators and lobbyists concerns about the multinational taxation policy led to Britain's loss of a lot of tax revenue, and so the small British company at a competitive disadvantage. During the hearing, the legislators claimed that over the past 15 years, only one year in the UK for Starbucks profitable skeptical.

India to buy U.S. Apache Takenao triggered the Indian army and air force to "scramble"

On October 6, the U.S. Boeing to beat Miri Design Bureau Russia - India will buy $ 1.4 billion worth of 22 AH-64 Apache attack helicopters in the Indian attack helicopter competition.

Currently, the U.S. production is the upgraded version of the AH-64D "Longbow Apache". Is the driving force and the size of the avionics level of information supporting the type of weapons or the actual use of effects, the AH-64D regulator Russian Mi-28 a. Therefore, even the Russian media also reflect India choose "Apache" rather than Russian-made rice-28H, it is understandable. But what happened then, is really puzzling.

Attribution dispute

The media attention to India imports AH-64D "Longbow", it did not notice in the future: who use this group of heavy attack helicopter.

In accordance with the general understanding of these helicopters must be handed over to the Indian Army. Actually, this is not the case. No dedicated armed helicopter unit of the Indian Army, the Indian Army called the Army Aviation Regiment "normalized Army jurisdiction in command, and the the armed helicopters management, maintenance and even pilots are owned by the Indian Air Force.

Air Force control helicopter gunships this phenomenon is not uncommon, for example, Israel, Singapore and the relatively small size of the Army National are. However, the Indian Army as a behemoth of nearly one million soldiers, do not have their own armed helicopter unit, really can be said is strange.

In fact, in this contract signed soon, the Indian Army and the Air Force had a heated debate broke out for the ownership of the group of helicopters by the Indian defense minister, and finally had to come forward to bridge their differences. According to Indian media reports, the Indian Army Chief of Staff, said the defense minister a letter has been received, confirmation will be attack helicopters.

Government of India, a national security adviser has suggested that the first batch of AH-64D "Longbow" should be handed over to the Indian Army. Some experts believe that this group of American equipment owned by the Indian Air Force may have to last. Lack of maintenance, management helicopter experience because the Indian Army, not to mention Dezhuan the group of the world's most advanced heavy helicopter gunships.

Use the dispute

Indian army helicopter usage patterns, exposing Indian land and air the two armies in joint operations, especially in close air support, there is a big controversy.

Indian Air Force believes that modern fighters facing a great threat to the close air support missions, the Army should be reduced by close air support. Army that, in certain locations through the implementation of a surprise attack on the enemy concentrated fire support, close air support for ground forces to create opportunities or to prevent the attack of the enemy.

Throughout the history of the Indian Air Force, equipped with helicopter gunships, hardly any of the Indian Army in combat in the implementation of an effective air support. 1999 Kargil conflict, the Indian armed helicopters bombed the other militants, but in two fighter portable missiles to shoot down, the Indian Air Force immediately removed all helicopters. Finally, the Indian Army only by their own artillery.

Joint operational level of information restrictions, the Indian Army is difficult to be obtained from the Air Force, where tactical support to combat. This is the Indian Army is trying to fight the main cause of helicopter gunships. However, the Indian Army's existing technical level, but also difficult to advanced equipment play a combat effectiveness. To maintain the pressure, even if the Indian Army to master the helicopter on the future battlefield, it is difficult to get the cover of the Air Force may even mistakenly hit by friendly forces.

From the media to publicize the situation, the Indian side of the amount of the contract is the Indian Air Force, the tender requirements are also proposed to the Indian Air Force. Even in combat targets, the Indian Air Force to take these armed helicopter is not to support the army, but to defend the airport base.

Indian Air Force heavy armed helicopters are vulnerable to attack, only to actions under the cover of the Air Force. Them deployed near the Air Force Base, both to get the cover, but also to protect the base free from terrorist attacks. Not unreasonable for the Indian Air Force, an average of $ 63,000,000 a "Apache", playing a little one Army combat support in high-risk battlefield, it is a little pity.

Controversy due to

However, experts believe that the Indian Air Force, the introduction of "Apache" look at the overall development of the Indian Army was hurt. Compared to 22 "Apache", India can use $ 1.4 billion to improve the performance of existing helicopters and a substantial increase in the degree of localization. So that the Indian Army to more helicopters and equipment to set up their own attack helicopter units and gradually gained a wealth of practical experience. Indian Army may pay a high price in the process, but there will be a qualitative leap in combat capability. Indian army, however, only to see the "Apache" advanced, did not see the real needs of their own development.

The reason why the Indian Army and Air Force helicopter battle will be staged, in the final analysis is that for two reasons. India's low level of military unable to meet the needs of in arms imports wave into a vicious circle. Second, the lack of overall coordination and planning of the construction of the national defense system in India. It should be said that the international community, India's arms procurement favor plus, basically no restrictions. Indian army to foreign equipment "used" no problem, but far failed to do so "into his own use".

Zhang Guoqing: Most of the successful presidential treat or take advantage of the power of the media

Zhang Guoqing: seventies, many companies in the United States by such media questioning, denounced by public opinion, so they are difficult situation, so you know why to the early 1980s, the United States began to acquire U.S. media, why do it? Because they had thought the disinfection work I need to do, do persuasion, I acquired, you became my mouthpiece like a half later this transformation, and then supported by the Reagan administration, resulting in a U.S. history 's largest acquisition wave, which is a key, will be able to see the importance, but Nixon events, as well as the media then denounce a particularly large stimulus to the U.S. political arena, is that they recognize that the history of the United States on all successful presidents were particularly kind to the media, or the president to make good use of the media.

But against the president with the media, and even the candidates have failed, Nixon is the most obvious example, when Hoover is the most obvious example, the media ridicule incredible, and then like Dukakis in the eighties , some defeated candidates also lost in the attention of the media, and even in the Nixon, Kennedy's general election is his not paid attention to TV, television was emerging media, did not attach importance to.

Liang Yan: If these two individuals who placed Obama and Romney, you have an analysis that The Obama win Romney win is to attach importance to the media, he will use the media to give some specific examples?

Zhang Guoqing: for example, he made a three-point is that Romney is not a good place to do the first, and constantly promote their own achievements, in fact, it is Clinton's good, Clinton PR team mainly dry to the two things a regular basis please some media people to drink tea and chat in the White House, and he invited the people are targeted, such as this, please blacks, Black Commentator, Black reporters after Clinton gave them speak how much I want to do some efforts for ethnic minorities, blacks, speak Taoxintaofei, these people go back and would say the president is very concerned about the ethnic minorities, the president would very much like to do something, the president hinted to do what, in fact, he did not do anything, you give him publicity lap Clinton in this area to do good. Clinton have called the results of the bomb, he keeps his performance to move out of it, you look at the economic data, you see that this thing is to the benefit of everyone, so help him disinfection As far as we know Clinton, Lewinsky scandal very simple reason that he did not step down on the two, the first of his performance is pretty good, the second he publicize the results propaganda in place, he is a good relationship with the media, the media is not to demolish his desk.

So Obama, you think his performance is not good, with Clinton immeasurably employment data is so bad, but he is a smart and his team to help him say things he would do all kinds of publicity you see Obama on bin Laden, in dealing with international relations do a lot of efforts, including a lot of things can interpret, for example, pull its troops out of Iraq, in fact, this is a very shameful thing, disgraced the withdrawal did not win, but his publicity, he told the Bush administration is how inconsistent, the Bush administration is fighting and continue digging, but Obama resolutely withdraw from Iraq, resolutely irreparable loss for the United States etc., he would be easy to read from this perspective, it is the performance quite a defense the second personal image, he will promote Obama is a poor child suffering children born to stand together with the poor.

Liang Yan: Biluomuni high rich handsome palatable.

Zhang Guoqing: In fact, let's know when you vote or grassroots, rich or not much grass, in fact, the voter turnout, that day I saw the weather forecast I said Obama won, the weather forecast is particularly good, everyone can go to vote freely, this time because of Hurricane reason, not only to increase Obama's popularity, and many places have a special care, said various channels to increase the voting because hurricanes bring blackouts a lot of things, in fact, more than one voter turnout was coming up, grass-roots, natural win, he shaped me Grassroots together, I represent your interests at the same time, he will tell you that I am a stable family, a loving family, the kind of affinity his wife compete for his minutes, this kind of thing is a personal image building.

Third, policy interpretation, he has some policies would interpret the patient, that these things are helpful, useful where? Adverse things we can eliminate, we can solve, he set things get out of it accounted for a very cheap, it is tantamount to saying that to minimize the negative things, while Romney contrary, Roma Nepal, I think his PR team is a big mistake, for example, mistakes, there are several points.

First, when he attacked the Chinese, I then felt him to be finished, why do it? Said exhibit strong diplomatic fact, no errors, but you do not forget that not radical, if you scare Americans, including Americans say Romney scare people, to see these words I say lost, and why? Most Americans are very calm, he thought my future President of the United States if it is such a radical, come give wear the hat of the manipulator, the exchange rate war began.

Venice floods into the real tourists in bathing suits, "water city" reward "waterscape"

The people wearing a swimsuit sitting in the water and enjoy the "water feature"

According to media reports, after the last days of heavy rainfall, Venice, Italy, the main city of nearly 70% have been flooding, the city's stagnant water about 1.5 meters above sea level.

Some people also stripped naked, sitting around the table and flooded, "waterscape views of the city.

According to reports, the floods Venice for nearly 150 years to experience the most serious flood, the city's landmark St. Mark's Square was flooded. The visitors even took off his clothes to swim in the water, at the same time, many shops, basements and ancient buildings have been flood damage.

It is reported, northeast of Venice in Italy, Italy's historical and cultural city, and enjoy the "water city" reputation.