Monday, August 20, 2007

Article 3

http://www.forbes.com/feeds/ap/2007/08/19/ap4033952.html

Abstract-
The Japanese central bank injected US 8.8 Billion into its money markets Monday. The Japanese say that this is a direct result to the decision of the U.S Federal Reserve to cut its key discount rate by half a percent. In recent weeks, major central banks have injected money into its money markets amid continuing worries over the U.S. subprime mortgage crisis.

Article 2

http://www.pressrepublican.com/homepage/local_story_230233024.html?keyword=topstory]

Abstract -
The recent appreciation of the Canadian dollar with regards to the American dollar has led to the opening of more businesses in North Country. In a way this relates to my extended essay topic as i am comparing the affect of the exchange rate on FDI. Just 5 years ago, the Canadian dollar was worth 62 cents. Now, it is worth about 93 cents in comparison with the USD.

Article 1

http://www.cnn.com/2007/US/08/09/tire.problems.ap/index.html

Abstract-
A small company was ordered by the NHTSA to recall 255,000 Chinese-made tires as it claimed that the tires were defective. This adds to the list of Chinese-made products that have been recalled in the past months. Hangzhou Zhongce, the tire producing company, claims that it has passed all safety regulation tests and that their tires are not defective. Following the many recalls of Chinese-made products, Beijing has claimed that this is no more than a front for protectionism.