Sunday, 4 November 2012

The 2012 FIFA Futsal World Cup will be the 7th FIFA Futsal World Cup, an international futsal tournament that is expected to take place 1–18 November 2012 in Thailand. An extra 4 teams (24 from 20 at the 2008 event in Brazil) will compete at this particular World Cup.

Group Stage:


Group A

Team Pld W D L GF GA GD Pts
Thailand 11003123
Ukraine 10103301
Paraguay 10103301
Costa Rica 100113−2 0

MatchDate - TimeVenueResults
11/11/2012 17:00BangkokUkraine3-3Paraguay
21/11/2012 19:00BangkokThailand3-1Costa Rica
134/11/2012 17:00BangkokParaguay -Costa Rica
144/11/2012 19:00BangkokThailand -Ukraine
277/11/2012 19:00Nakhon RatchasimaCosta Rica -Ukraine
287/11/2012 19:00BangkokParaguay -Thailand

Group B

Team Pld W D L GF GA GD Pts
Panama 11008353
Iran 10102201
Spain 10102201
Morocco 100138−5 0

MatchDate - TimeVenueResults
72/11/2012 19:00BangkokPanama8 – 3Morocco
82/11/2012 21:00BangkokSpain2 – 2Iran
195/11/2012 19:00BangkokMorocco -Iran
205/11/2012 21:00BangkokSpain -Panama
318/11/2012 19:00BangkokIran -Panama
328/11/2012 19:00BangkokMorocco -Spain

Group C

Team Pld W D L GF GA GD Pts
Portugal 11005143
Brazil 11004133
Japan 100114−3 0
Libya 100115−4 0

MatchDate - TimeVenueResults
31/11/2012 19:00Nakhon RatchasimaLibya 1 – 5Portugal
41/11/2012 21:00Nakhon RatchasimaBrazil 4 – 1Japan
154/11/2012 19:00Nakhon RatchasimaPortugal -Japan
164/11/2012 21:00Nakhon RatchasimaBrazil -Libya
257/11/2012 17:00BangkokJapan -Libya
267/11/2012 17:00Nakhon RatchasimaPortugal -Brazil

Group D

Team Pld W D L GF GA GD Pts
Italy 11009183
Argentina 11005143
Mexico 100115−4 0
Australia 100119−8 0

MatchDate - TimeVenueResults
52/11/2012 17:00BangkokItaly 9 – 1Australia
62/11/2012 19:00BangkokArgentina 5 – 1Mexico
175/11/2012 17:00BangkokAustralia -Mexico
185/11/2012 19:00BangkokArgentina -Italy
298/11/2012 17:00BangkokMexico -Italy
308/11/2012 17:00BangkokAustralia -Argentina

Group E

Team Pld W D L GF GA GD Pts
Egypt 00000000
Serbia 00000000
Czech Republic 00000000
Kuwait 00000000

MatchDate - TimeVenueResults
113/11/2012 19:00BangkokCzech Republic -Kuwait
123/11/2012 21:00BangkokEgypt -Serbia
236/11/2012 19:00BangkokKuwait -Serbia
246/11/2012 21:00BangkokEgypt -Czech Republic
359/11/2012 19:00BangkokSerbia -Czech Republic
369/11/2012 19:00BangkokKuwait -Egypt

Group F

Team Pld W D L GF GA GD Pts
Russia 00000000
Guatemala 00000000
Solomon Islands 00000000
Colombia 00000000

MatchDate - TimeVenueResults
93/11/2012 17:00BangkokGuatemala -Colombia
103/11/2012 19:00BangkokRussia -Solomon Islands
216/11/2012 17:00BangkokColombia -Solomon Islands
226/11/2012 19:00BangkokRussia -Guatemala
339/11/2012 17:00BangkokSolomon Islands -Guatemala
349/11/2012 17:00BangkokColombia -Russia

Ranking of third-placed teams

Team Pld W D L GF GA GD Pts
1
2
3
4
5
6

Round of 16 Quarter-finals Semi-finals Finals
Runner-up Group A
Runner-up Group C Winner Match 37
Winner Group D Winner Match 41
3rd Group B/E/F Winner Match 47
Winner Group B
Winner Match 48
3rd Group A/C/D Winner Match 39
Winner Group F Winner Match 43
Runner-up Group E Winner Match 49
Winner Group E Winner Match 50
Runner-up Group D
Winner Match 44
Winner Group C Winner Match 42
3rd Group A/B/F Winner Match 45
Runner-up Group B Winner Match 46
Runner-up Group F Winner Match 40
Winner Group A
Winner Match 38
3rd Group C/D/E

Friday, 2 November 2012

Consumer confidence at 4-year high



NEW YORK (CNNMoney) -- Consumer confidence in October rose to its highest level in four years, boosted by improvements in the job market.
The closely watched index, which measures how Americans feel about the economy, edged higher to a reading of 72.2 from a downwardly revised 68.4 in September, according to The Conference Board, a business research firm.
It marks the highest level since February 2008, when the country was at the early stages of a long and deep recession.
The reading came in slightly higher than what economists were expecting, according to a Briefing.com consensus.
A key factor behind Americans' optimism, was the improving employment picture. The number of workers reporting that jobs were "plentiful" increased more than 2%. People who are expecting more jobs in the coming months increased to 19.2% from 18.1%.
Related: Obama's recover: a snapshot
This confidence in the job market comes on the heels of a positive report on Thursday, which showed that private sector hiring jumped in October.
These positive indicators land just a day before the closely-watched government's official monthly job report, which gives an expansive picture of national employment. It has taken on increased importance this month because it will give American voters one last snapshot into the health of the job market before the presidential election on Nov. 6.

The Great Superb Soccer Star - Lionel Messi

Lionel Messi celebrates with his Barcelona teammates after scoring his 300th career goal on Saturday. (Getty Images)


When Lionel Messi declared this week, at the relatively young age of 25, that he wants to spend the rest of his career at Barcelona, it provided an insight as to why the Spanish club has dominated world football in recent years.
A hot favorite to be named the world's best player for an unprecedented fourth time in January, Messi has already won every title that Barca have competed for - surely at some stage you'd think he'd like a new challenge?
Compare his stance to that of his biggest rival Cristiano Ronaldo, whose future at Real Madrid seems constantly under speculation - not least because of the Portugal star's comments earlier this season that he felt "sad" at the Bernabeu. The latest rumor is that he and his manager Jose Mourinho will join big-spending French club Paris Saint-Germain.
Messi has the football world at his feet, but he is happy to remain at a club where he moved from Argentina as a boy blessed with undoubted talent - but held back by a slight body that required growth hormone treatment if he was to make the grade.
He is not the only player so committed to the Nou Camp. The club's famed La Masia academy has produced a conveyor belt of talent that has helped win three Champions League crowns in the last six years, plus four Spanish titles.
Victor Valdes, Carles Puyol, Xavi and Andres Iniesta were either in the starting XI or among the substitutes on each occasion for the European triumphs of 2006, 2009 and 2011, while Messi, Gerard Pique, Pedro and Bojan Krkic (now of AC Milan) featured in the latter two.
Add to that octet the 24-year-old Sergio Busquets - who like Xavi, Iniesta, Pique and Valdes was in Spain's victorious 2010 World Cup and 2012 European Championship squads - plus a new generation of La Masia graduates and you have a core of homegrown talent throughout the squad.
With such conviction from their star player Messi and such continuity in personnel, it begs the question – is loyalty the most potent weapon in Barca’s considerable arsenal?
The list of nominations for the 2012 Ballon d’Or suggests the answer is yes. Messi, Iniesta, Xavi, Piquet and Busquets are all in the 23-man shortlist.
Consistency has even been maintained in the dugout, with former assistant Tito Vilanova taking over when all-conquering coach Josep Guardiola ended his trophy-laden four-year reign at the end of last season.
Its a club where loyalty swings both ways - many coaching and administrative appointments are made from within the Barca family. Guardiola joined as a 12-year-old and spent more than a decade there as a senior player before finally moving overseas.
The familiarity which exists between the squad could also go some way to explaining why some big-name recruits have struggled to settle at Barca.
Samuel Eto’o may have scored for Barca in the 2006 and 2009 Champions League finals but, despite his undoubted talent, Guardiola was eager to ship out the reputedly disruptive Cameroonian, which he did in a swap deal with Inter Milan in 2009.
In exchange for Eto’o and a reported €46 million, Barca received the equally mercurial Zlatan Ibrahimovic. The Swede is another undisputedly world-class goalscorer who was jettisoned from the Camp Nou after just one year in the famous scarlet and blue shirt.
Recent arrivals in the Barca dressing room who have succeeded include Pique, Cesc Fabregas, David Villa and Jordi Alba. It is not hard to see why.
Pique and Fabregas both rejoined their childhood club after attending finishing school in England with Manchester United and Arsenal respectively, while Villa has played alongside many of the Barca team in Spain's national team and Alba recovered from being released from the youth ranks in 2005 to make his name at Valencia.
Barca’s stability is at odds with archrivals Real Madrid, whose policy has been to buy up the world's biggest names and create a stable of "Galacticos" - and their coaches don't have much time to bring success.
Since missing out on the title in 2005, Real have been through seven coaches compared to Barca’s three, collecting just four trophies in that time: three league crowns and one Copa del Rey.
Last season Mourinho delivered Real's first La Liga title in four years, but now finds his team eight points behind Barca after only nine matches amid reports of dressing-room discontent.
The prize Real crave above all others is a record-extending 10th European crown, and first since 2002. In Mourinho, they have a coach with proven pedigree - he is seeking to become the first to win the Champions League with three different clubs - but his task has not been helped by constant reports of a split between the Portuguese and Spanish players in his camp.
If Real are to achieve their ultimate goal, they could do worse than than following the Barca blueprint.

China's 18th Party Congress: Why so secretive?

Rumors and speculation are running wild, as the Chinese Communist Party (CCP) prepares for its 18th Party Congress. So far, though, the most tangible thing about the Congress is the massive deployment of extended security measures in China, resulting in the cancelation of academic conferences, art exhibitions, performances and even private meetings.
In a way, the CCP is asking the entire Chinese nation to hold its breath until the Congress ends.

All this effort is expended over the transfer of power to the "next generation" of Chinese leaders. Indeed, these extra security measures indicate that the leaders of the CCP understand well their weakness: that the fragility of an authoritarian system lies in its transfer of pow

Bao Pu
Bao Pu

That is, despite its domination over the lives of the Chinese people, even the Communist party is not exempt from the general political axiom that a governing régime relies on popular acceptance of its authority.

The problem is that is no one, not even the Party's own members, voted for the next generation of CCP leaders. There are no laws -- or even any clear rules -- that govern the selection of leaders, leaving the matter of choosing the top leaders of the most populous nation on earth entirely at the mercy of the Party's forever changing internal logic. 

Even after a decade as the top leader of China, how exactly President Hu Jintao became Jiang Zemin's designated successor remains a mystery even to expert analysts and historians.

Retracing Chen Guangcheng's escape

The selection process is and will always remain at the highest level of state secrets, guarded even from the majority of Party members. The most important reason is that any detail, if known, could be used as ammunition for internal party strife and dangerously expose the leadership's vulnerabilities.

China censors NY Times after Wen story

On April 30, 1976, after Premier Hua Guofeng had accompanied Chairman Mao Zedong to a meeting with New Zealand Prime Minister Robert Muldoon, Hua told Mao that he would summon activists from Sichuan and Guizhou provinces to Beijing for a conference to strengthen the "Criticize Deng Xiaoping Campaign."

Presidential candidates on China

Mao was already suffering from a neural disease that made him unable to speak, so he replied by jotting down a note that read: "With you in charge, I am at ease." Five months later, Mao died, and Hua became his successor as chairman.

That note became the main vehicle of state propaganda efforts to lend Hua legitimacy. And in order to keep its original limited context a secret, Foreign Minister Qiao Guanhua, an eyewitness to the original exchange, was sacked.

It is unlikely that the public will ever know how Xi Jinping became the designated successor of Hu Jintao. Whether or not he was actually handpicked by Jiang Zemin, as rumored, will remain a secret, and even if Jiang were confirmed to have picked Xi, Jiang does not have the charismatic stature of Mao to lend instant legitimacy to his chosen successor, and the lack of public consent would only be highlighted.

In Hua's case, details surfaced only after he was politically sidelined and excluded from positions of power.

In addition to the selection of president and the party's general secretary, the selection of the powerful Politburo Standing Committee is another top level state secret, because the details of who nominated whom would allow political analysts to figure out factional affiliations and map out the complex web of entrenched interest.

Under certain circumstances, information regarding top leaders is released to the public only with intent. Deciding which details to release or not to release on the fallen Bo Xilai must have been a real headache for the Chinese leadership. When the case against his wife, Gu Kailai, was first announced, there was no mention of Bo himself.

Too many details would only confirm the longstanding public impression that families of high-level Party officials use their connections to rapidly accumulate millions and live their private lives in stark contrast to the Party's claims of altruism. Yet, some details needed to be released, as authorities built their case against him.

Thus, the decision of what and when to release information has seemed painfully slow and cautious, creating the perfect environment for rumors and speculation to feed public curiosity.

In today's global information environment, details on the Chinese leadership can now reach millions of people in a matter of minutes via online media and social networks. More than likely, Chinese leaders do not like the way the public reacts to news that is not carefully crafted by the state's propaganda machinery.

In March 2012, a young man driving a Ferrari 458 Spider with two young women aboard died in a fatal high-speed crash. Information about the incident went viral online before it could be suppressed. The driver was reportedly found to be Ling Gu, the son of Ling Jihua, President Hu Jintao's protégé, who was demoted six months after the Ferrari incident.

Recently, the New York Times Report of Premier Wen Jiabao's alleged family business ventures spread throughout the Chinese online network shortly after publication, even after Chinese authorities had blocked access to the newspaper's English and Chinese websites. The same happened after Bloomberg Reported on the wealth of Xi's extended family.

That is a far cry from September 13, 1971. When Mao's comrade-in-arms Lin Biao died in a mysterious plane crash in Mongolia, it took months for the news to ripple through widening circles of the population.

Thus, the Chinese leaders' response to the new age of information has been to make their political system ever more opaque and expend enormous resources on media censorship.

Such is the case with Xi, China's designated leader, of which little is known beyond official accounts. His personality too must be kept secret through a web of media censorship, because such information could be used by opponents to figure out his political tendencies and preempt his political actions.

If we have to make an intelligent guess about Xi, we might have to look at the CCP's recent "History of the Chinese Communist Party, Volume 2 (1949-1978)," which covers the Mao years. This grand project was led by none other than Xi Jinping, according to official reports, and reportedly under his sole discretion. The result is another Party effort to cosmetically make over the disastrous events of the Mao era.

When Xi is in power, he will be turning Party history to its next page.

"He who controls the past controls the future."

Thursday, 1 November 2012

Mikel hailed by Di Matteo amid referee storm

LONDON (Reuters) – Chelsea manager Roberto Di Matteo said he had no hesitation in starting John Obi Mikel in Wednesday’s thrilling 5-4 League Cup last 16 victory over Manchester United at Stamford Bridge.
The club lodged an official complaint with the Football Association before the match alleging Mark Clattenburg, the referee from Chelsea’s stormy 3-2 league loss to United on Sunday, used inappropriate language towards the Nigerian.
Players’ union chief Gordon Taylor has said a comment made by the referee during Sunday’s game was of a racist nature. The referee has not commented publicly.
Mikel had a strong match in the centre of Chelsea’s midfield on Wednesday, before being withdrawn in the second half as he had picked up a yellow card.
Di Matteo would not answer questions from reporters about the Clattenburg issue, but said he was confident Mikel was mentally right to play.
"I spoke to my players in the last couple of games and mentally they were in the right frame of mind to play, so I had no concerns picking the team I wanted to," the Italian told a news conference.
"He (Mikel) is fully focused on playing football."
Chelsea have drawn traditional foes Leeds United in the quarter-finals, with the match taking on extra intrigue following Leeds manager Neil Warnock’s comments that he was "disgusted" by Chelsea’s actions against Clattenburg.
Di Matteo would not respond to questions on that issue either, but said he was expecting a tough encounter.
"It’s always difficult to go and play away from home, Leeds and Chelsea, they have a little bit of history there, it will be an interesting game for us to go and play at Leeds," he said.

Goals may flow as United and Van Persie host Arsenal

LONDON (Reuters) – Manchester United and Arsenal, who have scored and conceded a total of 41 goals between them in eight matches since October 20, promise a feast of football on Saturday as Robin van Persie faces his ex-club for the first time.

Arsenal will be desperate to stop their former talismanic striker, who scored 37 goals for the Gunners in all competitions last term before joining United in August where he has continued to find the net ahead of the Old Trafford clash at 12.45 p.m. British Time .
The Londoners, though, had no trouble without him on Tuesday when they sealed a remarkable 7-5 extra-time win at Reading in the League Cup after trailing 4-0 at one stage in an extraordinary match.
Winger Theo Walcott scored a hat-trick and boss Arsene Wenger says he can play as a striker, a sticking point in contract negotiations, but a berth up front at United seems too soon.
"I always said that he will be a striker, so we are on the same wavelength there," Wenger told reporters having struggled to replace Van Persie.
"Secondly, I believe he knows where to be in the box on the rebounds. I like that – that’s a quality of a striker that you cannot give to anybody. You feel it or you don’t."
The last time United scored as many as seven in a game was August last year when they beat Arsenal 8-2 at home but they have netted consistently this season, losing Wednesday’s League Cup last 16 clash 5-4 at Chelsea after extra time.
Arsenal are sixth while United will start Saturday’s Premier League encounter in second after their controversial 3-2 win against leaders Chelsea last Sunday in the first of two back-to-back games between the sides.
United raced into a quickfire 2-0 lead at Stamford Bridge last Sunday with an own goal from David Luiz after four minutes and Van Persie’s ninth goal of the season eight minutes later.
Chelsea clawed the score back to 2-2 before Javier Hernandez’s offside winner for United in a match which encapsulated United’s season so far – strong in attack and fragile at the back.
The League Cup game, albeit with many reserves playing, mirrored that.
"From a spectator’s point of view it was a terrific game of football. You’re getting your money’s worth with nine goals, there’s no doubt about that," United manager Alex Ferguson said. "We only have ourselves to blame, really."
Wenger will be wondering which Arsenal show up at Old Trafford – the one that played so poorly in the first half at Reading or the one that powered their way to an incredible victory even if it too was a much-changed side for the cup.
Chelsea lost their unbeaten league record when they were beaten by United but remain top by a point even if life is rarely plain-sailing for the European champions, who visit Swansea City on Saturday (1500).
After losing to United, Chelsea accused match referee Mark Clattenburg of using "inappropriate language" to Nigerian John Obi Mikel.
The fallout has dominated English football all week with both the English FA and the Metropolitan Police now investigating the allegations.
ERRATIC WEST HAM
Chelsea travel to Wales without their skipper John Terry, who will serve the last game of four-match domestic ban for racially insulting Anton Ferdinand of Queens Park Rangers last year.
What impact this week’s trauma will have on the team remains to be seen after their up-and-down League Cup win but Chelsea will be looking to do better than the 1-1 draw they achieved at the Liberty Stadium last season if they are to stay top.
If Chelsea do slip up, champions Manchester City, as well as Manchester United, would be looking to capitalise with City visiting erratic West Ham United for Saturday’s late match (1730 GMT) at Upton Park.
City were not distracted by the League Cup in midweek as they were eliminated by Aston Villa last month but coach Roberto Mancini will be looking for a huge improvement on their jaded performance against Swansea last weekend which ended with a narrow 1-0 win thanks to a well-taken goal by Carlos Tevez.
They will be without England defender Micah Richards, who is set to miss the next four months following surgery on a knee injury picked up against Swansea.
Tottenham Hotspur will also be looking to consolidate their place in the top four after five wins from their last six league matches when they face Wigan Athletic at White Hart Lane on Saturday (1500).
Spurs climbed above Everton and Arsenal with their 2-1 win at Southampton last Sunday, leaving the Saints deep in trouble in 19th place but still optimistic they can survive the drop after an encouraging second-half performance.
Southampton travel to West Bromwich Albion on Monday (2000) but could find themselves bottom by two points by then if Queens Park Rangers beat shell-shocked Reading at Loftus Road on Sunday (1330) and record their first league win of the season.
QPR were unlucky to lose 1-0 at Arsenal last weekend when Mikel Arteta scored an offside winner but boss Mark Hughes’ belief that his side are too good to go down will look a little hollow if they fail to beat Reading and finally kick-start their season.

Malaysia's private retirement industry worth RM18b

<B>Ooi:</B> ‘This represents a huge business opportunity and will require a large skilled workforce.’

KUALA LUMPUR: Manulife Asset Management Services Bhd forecasts Malaysia's private retirement industry could be worth about RM18bil while creating 2,200 new jobs.

It said that it expected the private retirement scheme (PRS) to create new jobs and benefit Malaysia via the skill and technology transfers required to launch the private retirement planning industry.

“The new private retirement landscape is expected to create 2,200 new jobs and generate an incremental gross national income of RM2.1bil in the financial services sector,” it said.

Its CEO Edward Ooi said based on the estimated six million employees and two million self-employed adults in Malaysia, “the private retirement industry could potentially be worth some RM18bil”.

“This represents a huge business opportunity and will require a large skilled workforce to serve the demands of the industry. Hence, we will be holding a series of road shows nationwide to share this golden opportunity with potential partners.”

Ooi said as part of its preparation to launch the PRS, Manulife Asset Management Services would recruit and train new talent as well as introduce technology from Manulife Financial's worldwide pension operations at the local level.

He said pension reforms were taking place aggressively in Asean countries to address rapidly-ageing demographics and ever-rising pension costs.

The PRS would require strong skills and a solid technological foundation to run smoothly due to its intense transactional nature. Hence, a simple and efficient product delivery system was very crucial for a successful pension scheme.

Obama Twice Uses MSNBC Slogan ‘Lean Forward’ While Addressing Disaster Relief

President Obama on Tuesday twice used MSNBC’s slogan “lean forward” while addressing Red Cross headquarters in Washington, D.C., about relief for Sandy victims.

PRESIDENT BARACK OBAMA: We are going to continue to push as hard as we can to make sure that power is up throughout the region and obviously this is mostly a local responsibility and the private utilities are going to have to lean forward. But we are doing everything we can to provide them additional resources so that we can expedite getting power up and running in many of these communities. There are places like Newark, New Jersey, for example, where you have 80 percent, 90 percent of the people without power.
Later in his remarks he said this:
OBAMA: We can't have a situation where that lasts for days on end. And so my instructions to the federal agency has been do not figure out why we can't do something. I want you to figure out how we do something. I want you to cut through red tape, cut through bureaucracy. There is no excuse for inaction at this point. I want every agency to lean forward and to make sure we are getting the resources where they need -- where they're need as quickly as possible. I want to repeat, my message to the federal government, no bureaucracy, no red tape, get resources where they're needed as fast as possible, as hard as possible.
What does “private utilities are going to have to lean forward” even mean? Or “I want every agency to lean forward?”
Is that opposed to leaning backwards or not leaning at all?
In the case of MSNBC, we know what “lean forward” means? As was announced in October 2010 when it unveiled its new slogan, “Cable news network MSNBC said Tuesday it is launching a two-year, multimillion-dollar marketing campaign, embracing its politically progressive identity with the new tagline ‘Lean Forward.’”
Was Obama asking private utilities and every agency to embrace their politically progressive identities?
Or was the president reciprocating love for the so-called “news network” that adores him. After all, Chris Matthews practically demanded the president start watching MSNBC moments after Romney shellacked him in the first debate earlier this month.
Maybe Obama took Matthews’ suggestion and now can’t get “lean forward” off his mind.
On the flipside, I have received comments from FoxNews.com readers that "lean forward" is a military term.
One interested party wrote, "It is derived from the saying 'leaning forward in the saddle' to describe taking aggressive or proactive action." Another said it referred to "leaning forward in the foxhole."
As Obama was never in the military and doesn't appear to be all that enthralled with it, this connection seems like a stretch.
On the other hand, with only six days before the elections, and the President wanting to look like a strong leader in response to Sandy, it's possible one of his writers put these words in to appeal to members of the military that would get the reference.
White House press secretary Jay Carney used this phrase Saturday in a statement about the approaching storm.
What that in mind, I'm sure Obama's friends at MSNBC appreciate the plugs even if they aren't intentional.





CNN: 'Anti-Obama' Mailer 'Cherry-picks' Obama Speech; Yet CNN Article Itself Misrepresents General Thrust of Mailer

An election season mailer linked to Focus on the Family and sent out to evangelical Christian voters in Iowa unfairly quoted President Obama out of context, CNN's Political Tracker blog complained this morning.
Yet in staffer glossed over the fact that the other charges waged in the mailer are spot-on about areas in which the president is sharply to the left of religious conservatives on abortion, same-sex marriage, and a religious exemption for the contraception mandate
The political arm of Focus on the Family, the Colorado-based social conservative organization founded by evangelical author and radio host James Dobson, is targeting Iowa voters with a mailing that quotes President Barack Obama as saying “we are no longer a Christian nation.”
The fold-out brochure, which landed in Iowa mailboxes last week and was provided to CNN by a Des Moines-area voter, draws a series of contrasts between Obama and Mitt Romney on the issues of abortion, same-sex marriage and insurance coverage for contraception.
The mailer - paid for by CitizenLink, a political affiliate of Focus on the Family - also includes a striking admission from the president.
“Whatever we once were, we are no longer a Christian nation,” Obama is quoted as saying.
The mailer does not explicitly endorse Romney, but the quote is clearly aimed at arousing the suspicions of Iowa’s vibrant Christian conservative community, a key voting bloc in the state and one that the Republican nominee will need behind him next Tuesday.
The quote, though, is cherry-picked from a speech Obama delivered in 2006, more than two years before he became president, at the Call to Renewal conference in Washington.
In 2008, during Obama’s first national campaign, the same out-of-context remark was circulated online as sinister evidence that the Democrat intended to curtail religious freedom in America. At the time, the spurious Internet chatter was debunked



To his credit, Hamby links to photos of the mailer, which readers can peruse at their leisure. That being said, if you failed to check out the photos, you'd have the impression that the greatest charge of the mailer if that President Obama doesn't believe America is a Christian nation, when the factually-accurate charges about his stands on other social issues are the more damning charges.
The "Christian nation" charge by CitizenLink -- whether or not you think it's a fair one -- is more icing on the cake, not the cake itself, but it's precisely this sort of story which you can bet others in the media will run with as a cudgel to bludgeon conservatives, saying it's part and parcel of a campaign to castigate Obama as "the other."
It's just a matter of time before Chris Matthews, for example, cites this as a dog-whistle by conservatives to suggest that Obama is not a practicing Christian.



Wednesday, 31 October 2012

Hafizh pulang ke Sepanyol


 
 Hafizh Syahrin Abdullah


Hafizh Syahrin Abdullah terbang ke Sepanyol untuk melengkapkan penyertaannya dalam Kejohanan  Motosikal Sepanyol CEV Buckler.
Setelah hampir empat hari selepas pelumbaan yang mengagumkan negara dan dunia dengan pencapaian meraih tempat keempat dari petak ke-27 dalam perlumbaan Moto2,Grand Prix Motosikal Malaysia, pelumba muda ‘luar biasa’ Hafizh Syahrin Abdullah terbang semula ke Sepanyol untuk melengkapkan penyertaannya dalam Kejohanan  Motosikal Sepanyol CEV Buckler.
Dengan perlumbaan terakhir kurang daripada tiga minggu lagi pada 18 November, pelumba PETRONAS Raceline Malaysia berusia 18 tahun ini akan meneruskan latihannya dalam persediaan untuk acara kemuncak Valencia di mana dia akan cuba mengakhiri saingan tahun ini dengan memecah ke dalam kelompok lima pelumba teratas kelas Moto2 sekaligus mempertahankan Piala Persendirian yang kini dalam genggamannya.
Selepas enam perlumbaan, Hafizh yang berkedudukan keenam keseluruhan, hanya 10 mata yang membezakannya dari tempat kelima keseluruhan. Pencabar di hadapannya adalah pelumba Sepanyol Daniel Rivas yang mengumpul 65 mata berbanding Hafizh 55 mata. Pada masa yang sama, Hafizh turut memiliki kelebihan 10 mata dalam Piala Persendirian CEV Buckler.
"Hanya dua pesaing lain berpotensi menghalang rancangan Hafizh untuk memenangi piala tersebut dan mereka adalah Santiago Hernandez dari Colombia dan pelumba Afrika Selatan, Steven Odendaal.
“Saya terlepas peluang meraih podium CEV Buckler sepanjang musim ini dan saya benar-benar berharap untuk mencapainya dalam pusingan akhir," kata Hafizh. "Selepas perlumbaan, saya akan terus berada di Barcelona untuk latihan luar musim dan ujian dengan pasukan."

KAFA enggan lepas Mat Yo


 
 Norshahrul Idlan Talaha (tengah) ketika beraksi menentang ATM.

KAFA belum bersedia melepaskan penyerang berbisa mereka, Norshahrul Idlan Talaha mewakili pasukan lain musim depan, termasuk Johor yang dikatakan berminat mendapatkan khidmat pemain berkenaan.
Setiausaha Kehormat Persatuan Bolasepak Kelantan (Kafa) Azman Ibrahim berkata berdasarkan kontrak yang ditandatangani, pemain berusia 26 tahun itu masih mempunyai baki setahun bersama Kelantan.
"Kelmarin, Setiausaha Kehormat PBNJ (Persatuan Bolasepak Negeri Johor, Suhairi Hashim) menghubungi saya memaklumkan bahawa beliau akan menghantar surat buat kali kedua untuk menawarkan pampasan bagi melepaskan Norshahrul.
"Kami akan membincangkan status Norshahrul dalam mesyuarat jawatankuasa pasukan yang akan diadakan tidak lama lagi," katanya ketika ditemui pemberita selepas majlis Anugerah Bolasepak Kebangsaan 100PLUS-Astro Arena-FAM.
Media sebelum ini, melaporkan bahawa PBNJ berminat mendapatkan khidmat penyerang itu berikutan prestasi cemerlangnya bersama Kelantan musim ini termasuk menyumbat dua gol ketika perlawanan akhir menentang Angkatan Tentera Malaysia (ATM), sekali gus membantu The Red Warriors muncul juara Piala Malaysia buat kali kedua.
Norshahrul yang dikenali dengan panggilan 'Mat Yo' dalam kalangan rakan sepasukan dikatakan menghantar surat kepada Kafa baru-baru ini, untuk membolehkan beliau berhijrah ke pasukan lain namun jawatankuasa pasukan menolaknya dengan alasan pemain itu masih mempunyai kontrak setahun lagi.
Sementara itu, Norshahrul yang ditemui pemberita pada majlis itu berkata beliau masih berminat mewakili pasukan Johor kerana ingin mencari angin baru.
"Saya difahamkan PBNJ masih menaruh minat untuk mendapatkan khidmat saya namun semuanya terserah kepada pengurusan pasukan (Kelantan) untuk menentukan masa depan saya," katanya yang dipilih sebagai penyerang terbaik kebangsaan untuk kali ketiga berturut-turut pada majlis itu.
Beliau berkata fokusnya kini ialah persiapan bersama skuad kebangsaan untuk mempertahankan kejuaraan Piala AFF, yang dijadual bermula 23 Nov ini.

Sterling jadi sensasi


 
 Raheem Sterling


Steven Gerrard percaya bintang muda Liverpool, Raheem Sterling telah menjadi sensasi sejak beraksi dalam kesebelasan utama di Anfield.
Sterling, 17, telah mendapat kepercayaan sepenuhnya daripada bos baru Liverpool, Brendan Rodgers apabila pemain itu diletakkan secara tetap dalam kesebelasan utama.
Pada perlawanan terbaru menentang Reading (1-0), Sterling menjaringkan gol sulungnya untuk Liverpool sekaligus menjadikannya penjaring kedua termuda Reds selepas Michael Owen. Jaringan tersebut turut memberikan Liverpool kemenangan sulung di gelanggang sendiri pada musim ini.
Gerrard mengakui Sterling cepat menyesuaikan diri dalam dunia Liga Perdana Inggeris selepas mempamerkan prestasi yang memberangsangkan.
“Saya rasa Sterling telah mengejutkan semua pihak," kata kapten Liverpool itu.
“Beliau sudah mempamerkan aksi hebat dalam tahap ini (EPL). Beliau membuktikan kemampuannya untuk beraksi dalam kesebelasan utama, walaupun ramai pihak yang tidak menjangkakan dia boleh melakukannya.
“Beliau kini menjadi sensasi" tambanya.

Chelsea buat bantahan




 



Chelsea menamatkan rekod bersihnya musim ini selepas tewas kepada Manchester United 3-2.
Dalam perlawanan tersebut, ia dicemari dengan sikap dan keputusan pengadil perlawanan Mark Clattenburg yang menimbulkan kemarahan banyak pihak terutamanya penyokong The Blues.
Berikutan rasa kecewa, Chelsea telah membuat bantahan terhadap Clattenburg yang didakwa menggunakan "bahasa tidak sesuai".
Clattenburg melayangkan kad merah kepada pemain Chelsea, Branislav Ivanovic dan Fernando Torres di separuh masa kedua selepas mereka bertarung untuk bangkit daripada ketinggalan 0-2 di Stamford Bridge. Gol kemenangan United oleh Javier Hernandez juga dalam keadaan offside.
"Kami akan membuat bantahan kepada Liga Perdana kerana kecewa dengan bahasa tidak sesuai digunakan pengadil dan membuang padang dua pemain kami dalam dua insiden berlainan," kata jurucakap kelab itu..
"Bantahan berhubung perlawanan itu akan diserahkan kepada Persatuan Bola Sepak (FA) Inggeris," tambahnya.

Nazri: Kita tak lindungi 'peniup trompet'




 
Akta Perlindungan Pemberi Maklumat untuk melindungi pembocor maklumat dalam isu rasuah tidak terpakai dalam kes berkaitan National Feedlot Corporation (NFC), kata Menteri di Jabatan Perdana Menteri Datuk Seri Nazri Aziz.

Beliau mempersoalkan perlindungan terhadap pihak terbabit kerana dalam kes NFC, perkara itu dihebohkan kepada semua orang sehingga seluruh dunia tahu mengenainya.

Bercakap dalam Dewan Rakyat semasa sesi soal jawab, menteri undang-undang itu berkata, akta itu hanya melindungi pembocor maklumat dan bukannya pihak yang melanggar undang-undang, seperti Akta Perbankan dan NONEInstitusi Kewangan (Bafia).

"Dalam kes NFC, dia bukan whistle-blower (pembocor maklumat), dia trumpet blower (peniup trompet). Kita tak lindungi trumpet blower," katanya separuh berseloroh.

"Asalnya ialah (isu) kerahsian, iaitu elemen yang penting. Kalau dia tiup terompet seluruh dunia, orang dah kenal, orang dah tahu dia, nak lindungi apa lagi?

"Yang kedua, kita mesti faham, Akta Perlindungan Pemberi Maklumat tak boleh lindungi orang yang buat kesalahan. Ia untuk lindungi whistle-blower (pemberi maklumat). Kalau dia langgar Bafia, kita tak boleh lindungi dia kerana dia adalah pesalah."

Beliau mengulas perkara itu ketika menjawab soalan tambahan daripada Tan Sri Khalid Ibrahim (PKR-Bandar Tun Razak) yang mahu tahu kenapa pihak yang mendedahkan salah laku dalam projek lembu itu tidak diberi perlindungan undang-undang.  Sebagai rakyat Malaysia apa pandangan anda dengan kenyataan ini.

Tuesday, 30 October 2012

Aset-aset komersil PKNS akan dipindah milik

Aset-aset komersil Perbadanan Kemajuan Negeri Selangor (PKNS), akan dipindah milik kepada anak syarikat milik penuhnya, Private Real Estate Company (PREC), bagi meningkatkan lagi tahap kecekapan pengurusan aset supaya lebih berkesan.

PKNS dalam satu kenyataan hari ini menyatakan aset-aset komersil itu ialah Kompleks PKNS, Shah Alam; Kompleks PKNS, Bangi; SACC Mall, Shah Alam; Wisma Yakin, Kuala Lumpur dan Menara PKNS, Petaling Jaya.

"Salah satu inisiatif korporat yang dilaksanakan oleh PKNS ialah menerusi pelaburan dan pengurusan hartanah secara lebih efektif dan efisyen.

"Sejak tahun 2008, sebanyak 82 peratus daripada para peniaga yang menyewa ruang niaga di aset-aset milik PKNS terdiri daripada usahawan Melayu dan Bumiputera," kata PKNS.

Ia berkata kerja-kerja penambahbaikan kemudahan di dalam bangunan seperti tandas, eskalator, lif, papan tanda, tempat letak kereta dan lain-lain yang telah dijalankan sejak Oktober 2011, dijangka siap pada Mac 2013.

PREC akan menaik taraf bangunan secara berterusan bagi meningkatkan nilai aset-aset tersebut.

Kiosk-kiosk perniagaan baharu juga akan turut diwujudkan untuk disewakan kepada peniaga Melayu dan Bumiputera, khususnya.

PREC dengan kerjasama Bahagian Pembangunan Usahawan PKNS juga akan menambah ruang-ruang tapak niaga di aset-aset ini bagi usahawan Melayu dan Bumiputera menjual produk keluaran masing-masing.

Sejak tahun 2008, lebih daripada 6,000 usahawan Bumiputera memperoleh manfaat menerusi program pembangunan usahawan PKNS.

'Banyak MP Pakatan cuma tunjuk muka dalam parlimen'

Sekalipun Pakatan Rakyat menambah suara Melayu dalam parlimen, tidak semua mereka yang mampu berhujah dalam perbahasan dalam Dewan Rakyat, kata Pengerusi Perhubungan Umno Kelantan Datuk Seri Mustapha Mohamed.

"Memang banyak orang Melayu dalam Pakatan ini berbanding kami (Umno) tetapi kebanyakannya mereka ini, hanya tunjuk muka.

"Mereka diakui mempunyai banyak pemimpin Melayu, namun banyak sahaja pun tidak guna kalau tidak bersuara," katanya..

parliament pc jeyakumar and mustapha 171208 04Beliau yang juga ahli majlis tertinggi Umno turut menafikan kekurangan ahli parlimen dari parti itu selepas pilihan raya umum ke-12 tidak menunjukkan parti itu kurang lantang dalam menyuarakan hak orang Melayu di Parlimen.

Menurutnya yang juga menteri perdagangan antarabangsa dan industri, Umno adalah parti utama yang sering membela nasib orang Melayu sejak dahulu lagi.

Mustapha yang juga ahli parlimen Jeli mengulas dakwaan Timbalan Presiden PAS Mohamad Sabu bahawa kemenangan Pakatan pada pilihan raya umum lalu adalah bukti kemampuan menambah suara orang Melayu dalam Parlimen berbanding BN.

Akhbar itu turut melaporkan pakar Universiti Teknologi Malaysia (UTM) Dr Azmi Hassan sebagai berkata kemenangan calon Melayu dalam Pakatan tidak boleh dinilai daripada aspek kualiti kerana kebanyakan calon pembangkang didakwa hanya "bidan terjun".

"Bagi saya ini hanya permainan statistik, bukan keupayaan sebenar calon Pakatan... Saya melihat, pemilihan calon Melayu dalam Pakatan juga agak tempang hingga menyebabkan kredibiliti Pakatan terjejas.

"Kualiti ahli parlimen Melayu dalam Pakatan amat rendah kerana mereka tidak boleh memimpin, apa lagi untuk memperjuangkan hak-hak orang Melayu," katany.

G.O.P. Turns Fire on Obama Pillar, the Auto Bailout

 
TOLEDO, Ohio — The ad from Mitt Romney showed up on televisions here early Saturday morning without the usual public announcement that both campaigns typically use to herald their latest commercials:  Chrysler a bailout recipient, is going to begin producing Jeeps in China, an announcer says, leaving the misleading impression that the move would come at the expense of jobs here.
A one-stop destination for the latest political news — from The Times and other top sources. Plus opinion, polls, campaign data and video.
And so began the latest, and perhaps most important, attempt by Mitt Romney to wrest Ohio into his column. His effort to do so is now intently focused, at times including statements that stretch or ignore the facts, on knocking down what is perhaps the most important component of President Obama`s appeal to blue-collar voters in Ohio and across the industrial Midwest: the success of the president’s 2009 auto bailout.  
Mr. Obama’s relatively strong standing in most polls in Ohio so far has been attributed by members of both parties to the recovery of the auto industry, which has helped the economy here outperform the national economy. At the same time, the industry’s performance and the president’s claim to credit for it appear to have helped Mr. Obama among the white working-class voters Mr. Romney needs.
With the race under most expected circumstances coming down to Ohio, and Ohio potentially coming down to perceptions of how the candidates view the auto industry, Mr. Romney has spent the last few days aggressively trying to undercut Mr. Obama’s auto bailout narrative.
In the past few days his running mate, Representative Paul D. Ryan, has accused Mr. Obama of allowing the bailout to bypass nonunion workers at Delphi, a big auto parts maker with operations in Ohio; Mr. Romney has characterized Mr. Obama’s bailout plan as based on his approach; and Mr. Romney incorrectly told a rally in Defiance, Ohio, late last week outright that Jeep was considering moving its production to China. (Jeep is discussing increasing production in China for sales within China; it is not moving jobs out of Ohio or the United States, or building cars in China for export to the United States.)
It is a high-risk strategy: Jeep’s corporate parent, Chrysler, had already released a scathing statement calling suggestions that Jeep was moving American jobs to China “fantasies” and “extravagant”; news media outlets here and nationally have called the Romney campaign’s statements — initially based on a poorly worded quotation from Chrysler in a news article that was misinterpreted by blogs — misleading.
Mr. Obama’s campaign, seeking to maintain what it sees as its advantage in Ohio, responded on Monday by releasing a commercial calling Mr. Romney’s ad false and reiterating that Mr. Romney had opposed the bailout on the terms supported by Mr. Obama. And on Sunday it dispatched the investment banker who helped develop the bailout, Steven Rattner, here to discuss Jeep’s plans and the auto rescue with local news organizations.
Democrats are hoping that Mr. Romney’s latest move will draw a backlash in a city so dependent on Jeep, which has announced plans to add 1,100 jobs to an assembly plant here that is currently being refitted for the next iteration of what is now called the Jeep Liberty.
Bruce Baumhower, the president of the United Auto Workers local that oversees the major Jeep plant here, said Mr. Romney’s initial comments on moving production to China drew a rash of calls from members concerned about their jobs. When he informed them Chrysler was, in fact, is expanding its Jeep operation here, he said in an interview, “The response has been, ‘That’s pretty pitiful.’ ”
The fight over the auto bailout shows the enduring power of the issue but also its complexities in a campaign that is about both the strength of the economy and the size and role of government.
The auto bailout was one of the first major moves of Mr. Obama’s presidency, and gave Mr. Romney an early chance in opposing it to prove his conservative credentials.
Mr. Romney has portrayed himself as an automobile maven. As he frequently says in his stump speeches, his father was credited with keeping American Motors in business during the 1950s and early 1960s. (The company, it happens, owned Jeep from 1970 to 1987.)
Just as the incoming Obama administration was beginning to contemplate a bailout, Mr. Romney wrote an Op-Ed article in the The New York Times — given the title by the newspaper “Let Detroit Go Bankrupt.’’ In the piece Mr. Romney wrote that in the event of a bailout, “You can kiss the American automotive industry goodbye.”
The plan the administration settled on first helped Fiat buy Chrysler and then put both Chrysler and General Motors into managed bankruptcies as part of a program that brought total government assistance for Detroit to almost $80 billion between the Obama and Bush administrations. Coming as the Tea Party  was beginning to form, it seemed like risky politics for Democrats being accused of taking big government to an extreme.
At the third and last debate last week in Boca Raton, Fla., Mr. Romney emphasized his position that “these companies need to go through a managed bankruptcy, and in that process they can get government help and government guarantees.”
Mr. Romney has stepped up his offense on the issue since.
So it was that he told those at the exuberant rally on Thursday in Defiance, “I saw a story today that one of the great manufacturers in this state, Jeep, now owned by the Italians, is thinking of moving all production to China.”
Mr. Romney was apparently referring to a Bloomberg News article that said Jeep would return to manufacturing in China that had been misinterpreted by several conservative blogs to mean Jeep was shifting its production to China; the company made clear in a statement that Chrysler was only resuming production in China for Chinese consumers, which it had done for years before halting in 2009 before its sale to Fiat.
Mr. Romney’s ad treads carefully, with an announcer saying Mr. Obama “sold Jeep to the Italians, who are going to build Jeeps in China” and the screen flashing, “Plans to return Jeep output to China.”
Calling it “blatant attempt to create a false impression,” former Gov. Ted Strickland of Ohio, a Democrat, demanded Mr. Romney take it down on Monday. Stuart Stevens, a senior Romney adviser, disputed that the ad is misleading.
“Right now every Jeep built is built in America by an American and sold to the world,” he said. “Now instead of adding jobs in Toledo, they will be making Jeeps in China by the Chinese and selling them in China.”
Jeep began a joint manufacturing venture in China in 1984 and today makes some vehicles in Egypt and Venezuela. While it does produce cars for Chinese export here now, it has discussed returning some production to China since last year.

Data Show Weakening in Euro Zone Economy

Sovereing debt cricis and unrelenting pressure for government austerity.
Multimedia
The data comes in a week when euro zone finance ministers are due to confer by telephone about further aid to the faltering Greek economy, and heads of the major global economic agencies are holding meetings with the leaders of France and Germany.
Spain’s gross domestic product contracted by 0.3 percent in the third quarter from the second quarter, the National Statistics Institute reported from Madrid.
The Spanish economy has now contracted for four consecutive quarters. A collapse real estate prices after the 2008 financial crisis and austerity measures to balance the public sector budget have inflicted severe pain on the country, driving unemployment to 25 percent.
In Nuremberg, the Federal Labor Agency said the number of Germans without jobs rose in 20,000 after seasonal adjustment, leaving the unemployment rate at 6.9 percent, unchanged from September.
“The weaker economic development is making itself noticeable in the labor market,” Frank-Jürgen Weise, director of the German Federal Employment Agency, told a press conference in Nuremberg. But he added that “overall, the labor market is showing itself to be robust and in fine condition.”
Eckart Tuchtfeld, an economist with Commerzbank in Frankfurt, noted that, perhaps more worryingly, the number of employed fell in September for the first time since early 2010.
“The ‘labor market miracle’ many observers had proclaimed is likely to continue taking a breather for now, in view of the poor economy,” Mr. Tuchtfeld wrote. “Only in the second half of 2013 do we expect the trend to point up again.”
The Spanish and German gloom were underscored by a repor from the European Commission which said in Brussels that its index of business and consumer sentiment fell 0.7 point to 84.5 this month from a revised 85.2 points in September.
An index value below 100 shows more respondents are pessimistic than optimistic.
“Marked decreases” in sentiment in the euro zone’s industrial and construction sectors outweighed improvement in retail, though service sector and consumer confidence were stable, the commission, said, though it noted a hopeful sign in that the rate of decline in the indexes was slowing.
Sentiment in the 27-nation European Union was “broadly stable,” the commission said.
The decline in sentiment shows the 17-nation euro zone began the fourth quarter “on a very weak note,” Jennifer McKeown, an economist in London with Capital Economics, wrote in a note. She said the sentiment data were “consistent with annual contractions in euro-zone G.D.P. of around 2.5 percent. That implies very steep quarterly falls in G.D.P. in the next few quarters.”
She also predicted the euro zone economy would shrink by about 2.5 percent next year.
More than three years after Greece’s disclosure that it had been fudging its government finance statistics, touching off a run on the sovereign debt of several euro zone governments, the region’s crisis has become a grinding, chronic affair.
Chancellor Angela Merkel will hold talks in Berlin on Tuesday with the leaders of the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Bank, the World Trade Organization and the International Labor Organization.
The leaders were arriving in Berlin from Paris, where they held talks with the French president, François Hollande.
The meeting comes ahead of the latest report on Greece’s financial situation by the so-called troika of international lenders: the I.M.F., the European Central Bank and the European Commission. Germany has made the troika report a precondition for making any decisions on further assistance to Athens.
Nevertheless, discussion over how Germany might best help Greece to cover its growing financing gap has gathered speed in recent days. While the idea that Greece might need more time to pay back its debts remains open for debate among German lawmakers, both the chancellor and her finance minister have rejected the idea of a taking a loss on official loans to Greece.
Ms. Merkel’s spokesman, Steffen Seibert, told reporters on Monday that a write-off of Greece’s public sector debts was “out of the question.” He cited German law as stipulating that loans can only be granted to countries that are not considered in threat of default, meaning that such a write-down “would certainly not be in Greece’s interests.”

Bank of Japan Announces Fresh Economic Stimulus

TOKYO — The Japanese central bank announced fresh measures on Tuesday to ease monetary policy, stepping up its bid to fend off recession in the world’s third-largest economy after the United States and China.
The Bank of Japan, under pressure from the government to act more decisively to halt the economy’s slide, said in a statement that it would add ¥11 trillion, or $138.5 billion, to an asset-buying program that has become its main monetary policy tool.
The bank will also set up a new loan program to supply banks with cheap long-term funds, a bid to pump more money into the Japanese economy to encourage growth. As expected, the bank decided to keep its benchmark interest rate at a range of 0 percent to 0.1 percent.
The Bank of Japan’s governor, Masaaki Shirakawa, said that the easing measures would stay in place until Japan achieved an inflation level of at least 1 percent.
The measures come as Japan confronts economic data that suggest its fragile recovery is threatened. The economy grew at a healthy clip earlier this year, helped by the huge reconstruction effort that followed the 2011 earthquake and tsunami. But a slowdown in exports and industrial output, brought about by the global slowdown and a continued territorial spat with China, a major trading partner, is threatening to hobble that growth.
The dispute, which intensified in September, has led to boycotts of Japanese brands among Chinese consumers, forcing Japanese exporters to scale back their sales forecasts in an important market.
Meanwhile, Japanese industrial output fell by 4.1 percent in September from August, and by 8.1 percent from a year earlier, data released Tuesday showed. Exports have also shown signs of a slowdown, and price data show the economy remains mired in deflation, a damaging drop in prices, wages and profit that hampers economic activity.
Reflecting those risks, the central bank cut its own economic and price forecasts, saying it was unlikely to meet a goal of reaching 1 percent inflation by the fiscal year ending March 2014. That probably will not happen until the following year, the bank said.
“Japan’s economy is expected to level off more or less for the time being. Thereafter, however, as domestic demand remains resilient on the whole and overseas economies gradually emerge from the deceleration phase, the economy is expected to return to a moderate recovery path,” the bank said in its semiannual economic outlook, also released Tuesday.
And in a rare joint statement, the government and the Bank of Japan said they shared the goal of beating deflation. The central bank will “regularly” report its outlook on prices to the cabinet, while the government will introduce its own measures to fight deflation, the statement said.
Mr. Shirakawa said that for now, he saw increased risks for a marked slowdown in the global economy. The biggest change since the bank’s policy meeting in September, he said, was that “overseas economies seemed to be slowing down further.” That was “a big starting point” of the bank’s policy discussions, he said.
It is still unclear how far the bank will go to reverse Japan’s decade-long deflationary malaise, made worse by the country’s shrinking population. Central bankers have said that monetary policy is not enough to ease the economic problems and that the government needs to do more to facilitate growth.
Even as the central bank has flooded the economy with money, bank lending has hardly risen because companies do not feel confident enough in the weak economy to fund big investments.
The government has also thrown money at the economy, approving ¥422.6 billion in emergency spending just last week. But its ability to spend its way to economic growth is limited by a public debt burden already twice the size of its economy. Gridlock in Parliament is also blocking a bill that would allow the government to fund an almost ¥40 trillion deficit, threatening public services.
Markets were unimpressed with the central bank’s moves Tuesday, with the Nikkei 225-share index in Tokyo closing down nearly 1 percent shortly after the bank’s announcement, and the Hang Seng index in Hong Kong off 0.4 percent. The yen strengthened, hitting a one-week high of 79.25 to the dollar, bringing more pain to Japanese exporters.
“Monetary fireworks displays are not in Bank of Japan governor Shirakawa’s nature,” Nicholas Smith, Japan strategist at CLSA Asia-Pacific Markets, said in a note to clients after the bank’s decision. The bank will continue to face pressure from the government to step up its actions, and Mr. Shirakawa may be replaced when his current term ends in April, Mr. Smith said. “And if there is one thing that all major political parties can agree on, it is that the monetary future must be expansionary,” he said.
Get widget