Forex Trading Course Don’t Wasting Your Time On Pointless Lessons

Forex Trading Course – Don’t Wasting Your Time On Pointless Lessons

by

Matthew John

If you have any interest to study forex trading from the very basic to the advance level, the best alternative is taling a good forex trading course. Finding forex trading lessons at the internet is really easy, but you finding the real one won’t be easy task. After all, wasting time by studying methods that doesn’t works or a course that only has abstract idea without real to-do-list are will make you lose motivation quickly.

When you choose a forex trading course, make sure it has these features:

1. Teach the Basics

No one can start from advanced level. If your lessons suddendly jump to any complicated indicators or scalping system, return it immediately. Your course ought to teach you how to develop your trading skills from scratch and familiarizes you with numerous aspects of basic forex trading like charting, indicator, leverage, trading account, online broker, etc.

In my opinion, learning by doing is the best approach. Look for a course that teaches you how to open a demo/practice/dummy account in an online forex broker and getting used to a trading platform. After that, you can learn to use various features of the trading platform such as chart, make an entry, place stop loss order, read news, etc.

[youtube]http://www.youtube.com/watch?v=5n2Dc7h5_CE[/youtube]

2. Have a Great Trading System

Enter the market without proper preparations is not something that will be taught by a good forex trading course. There are many types of analysis and tactics in forex trading and each of them is good in a specific situation. Applying these strategies and analysis correctly is the key to successful trading system.

A good trading system contains specific strategies based on certain analysis to make profitable entry and exit decision. This system must have tested against historical market data and present market movement to demonstrate its efficiency.

3. Teach Risk Management Strategy

Even with a good trading system, it always possible that the market will move against your prediction. In your lessons, you should be taught about solving this problem by applying various risk management methods. There are many forms of risk management methods, but at the very least it should teach you how to place stop loss and take profit order. Applying these methods will reduce the risks from emotion factor; something that have caused many traders fall.

4. Giving Examples or Proof

An excellent forex trading course won t only teach empty theories that is not applicable in the real market. It have to show some proof or provide video examples on how the system being applied and gain profits. It is even better if the system have some positive testimonials from people who actually used it.

5. Offering Money back Guarantee

A great course must be confident enough that its system and learning material can help you to become a much better trader. This confidence can be reflected in the form of 100% money back guarantee. If you have studied it and don t think that it have that much value, you can always ask your money back.

Getting a great forex trading course is the first task to become a successful trader who know precisely the best way to study the market and take profits from it. In the future, it’s possible to include different forex software to your trading system and evolve it further.

Check the details of the most effective forex course at

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A portrait of Scotland: Gallery reopens after £17.6 million renovation

Thursday, December 1, 2011

View from first floor into Grand Hall, with Burns’ statue from the Calton Hill Monument. Image: Brian McNeil.

Today saw Edinburgh’s Scottish National Portrait Gallery reopen following a two-and-a-half-year, £17.6m (US$27.4m) refurbishment. Conversion of office and storage areas sees 60% more space available for displays, and the world’s first purpose-built portrait space is redefining what a portrait gallery should contain; amongst the displays are photographs of the Scottish landscape—portraits of the country itself.

First opened in 1889, Sir Robert Rowand Anderson’s red sandstone building was gifted to the nation by John Ritchie Findlay, then-owner of The Scotsman newspaper and, a well-known philanthropist. The original cost of construction between 1885 and 1890 is estimated at over 70,000 pounds sterling. Up until 1954, the building also housed the Society of Antiquaries of Scotland who moved to the National Museum of Scotland buildings on Chambers Street. The society’s original meeting table now sits in the public part of the portrait gallery’s library, stared down on by an array of busts and phrenological artefacts.

Wikinewsie Brian McNeil, with other members of the press, received a guided tour of the gallery last Monday from Deputy Director Nicola Kalinsky. What Kalinsky described as an introduction to the gallery that previously took around 40 minutes, now takes in excess of an hour-and-a-half; with little in the way of questions asked, a more inquisitive tour group could readily take well over two hours to be guided round the seventeen exhibitions currently housed in the gallery.

Image of the newly-installed glass elevator, significantly improving access to upper floors of the gallery. Image: Brian McNeil.

A substantial amount of the 60% additional exhibition space is readily apparent on the ground floor. On your left as you enter the gallery is the newly-fitted giant glass elevator, and the “Hot Scots” photographic portrait gallery. This exhibit is intended to show well-known Scottish faces, and will change over time as people fall out of favour, and others take their place. A substantial number of the people now being highlighted are current, and recent, cast members from the BBC’s Doctor Who series.

The new elevator (left) is the most visible change to improve disabled access to the gallery. Prior to the renovation work, access was only ‘on request’ through staff using a wooden ramp to allow wheelchair access. The entire Queen Street front of the building is reworked with sloping access in addition to the original steps. Whilst a lift was previously available within the gallery, it was only large enough for two people; when used for a wheelchair, it was so cramped that any disabled person’s helper had to go up or down separately from them.

The gallery expects that the renovation work will see visitor numbers double from before the 2009 closure to around 300,000 each year. As with many of Edinburgh’s museums and galleries, access is free to the public.

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The expected significant increase in numbers has seen them working closely with the National Museum of Scotland, which was itself reopened earlier this year after extensive refurbishment work; improved access for wheelchair users also makes it far easier for mothers with baby buggies to access the gallery – prompting more thought on issues as seemingly small as nappy-changing – as Patricia Convery, the gallery’s Head of Press, told Wikinews, a great deal of thought went into the practicalities of increased visitor numbers, and what is needed to ensure as many visitors as possible have a good experience at the gallery.

Bust of Queen Victoria, in the south ambulatory; Victoria insisted Alexander Brodie give the work a distinctly Scottish look. Image: Brian McNeil.
Stain-glass detail, south ambulatory of Grand Hall. Mary features elsewhere, including as a carving on the outer east wall. Image: Brian McNeil.

Press access to the gallery on Monday was from around 11:30am, with refreshments and an opportunity to catch some of the staff in the Grand Hall before a brief welcoming introduction to the refurbished gallery given by John Leighton, director of the National Galleries of Scotland. Centre-stage in the Grand Hall is a statue of Robert Burns built with funds raised from around the British Empire and intended for his memorial situated on Edinburgh’s Calton Hill.

The ambulatories surrounding the Grand Hall give the space a cathedral-like feel, with numerous busts – predominantly of Scottish figures – looking in on the tiled floor. The east corner holds a plaque commemorating the gallery’s reopening, next to a far more ornate memorial to John Ritchie Findlay, who not only funded and commissioned the building’s construction, but masterminded all aspects of the then-new home for the national collection.

Split into two groups, members of the press toured with gallery Director James Holloway, and Nicola Kalinsky, Deputy Director. Wikinews’ McNeil joined Kalinsky’s group, first visiting The Contemporary Scotland Gallery. This ground-floor gallery currently houses two exhibits, first being the Hot Scots display of photographic portraits of well-known Scottish figures from film, television, and music. Centre-stage in this exhibit is the newly-acquired Albert Watson portrait of Sir Sean Connery. James McAvoy, Armando Iannucci, playwright John Byrne, and Dr Who actress Karen Gillan also feature in the 18-photograph display.

The second exhibit in the Contemporary gallery, flanked by the new educational facilities, is the Missing exhibit. This is a video installation by Graham Fagen, and deals with the issue of missing persons. The installation was first shown during the National Theatre of Scotland’s staging of Andrew O’Hagan’s play, The Missing. Amongst the images displayed in Fagen’s video exhibit are clips from the deprived Sighthill and Wester-Hailes areas of Edinburgh, including footage of empty play-areas and footbridges across larger roads that sub-divide the areas.

With the only other facilities on the ground floor being the education suite, reception/information desk, cafe and the gallery’s shop, Wikinews’ McNeil proceeded with the rest of Kalinsky’s tour group to the top floor of the gallery, all easily fitting into the large glass hydraulic elevator.

The top (2nd) floor of the building is now divided into ten galleries, with the larger spaces having had lowered, false ceilings removed, and adjustable ceiling blinds installed to allow a degree of control over the amount of natural light let in. The architects and building contractors responsible for the renovation work were required, for one side of the building, to recreate previously-removed skylights by duplicating those they refurbished on the other. Kalinsky, at one point, highlighted a constructed-from-scratch new sandstone door frame; indistinguishable from the building’s original fittings, she remarked that the building workers had taken “a real interest” in the vision for the gallery.

Ramsay’s portrait of David Hume. Image: Web Gallery of Art.

The tour group were first shown the Citizens of the World gallery, currently hosting an 18th century Enlightenment-themed display which focuses on the works of David Hume and Allan Ramsay. Alongside the most significant 18th century items from the National Portrait Gallery’s collection, are some of the 133 new loans for the opening displays. For previous visitors to the gallery, one other notable change is underfoot; previously carpeted, the original parquet floors of the museum have been polished and varnished, and there is little to indicate it is over 120 years since the flooring was originally laid.

Throughout many of the upper-floor displays, the gallery has placed more light-sensitive works in wall-mounted cabinets and pull-out drawers. Akin to rummaging through the drawers and cupboards of a strange house, a wealth of items – many previously never displayed – are now accessible by the public. Commenting on the larger, featured oils, Deputy Director Kalinsky stressed that centuries-old portraits displayed in the naturally-lit upper exhibitions had not been restored for the opening; focus groups touring the gallery during the renovation had queried this, and the visibly bright colours are actually the consequence of displaying the works in natural light, not costly and risky restoration of the paintings.

There are four other large galleries on the top floor. Reformation to Revolution is an exhibition covering the transition from an absolute Catholic monarchy through to the 1688 revolution. Items on-display include some of the Scottish National Portrait Gallery’s most famous items – including Mary Queen of Scots and The Execution of Charles I. The portrait-based depiction of this historical age is complemented with prints, medals, and miniatures from the period.

Imagining Power is a Jacobite-themed exhibition, one which looks at the sometime-romanticised Stuart dynasty. The Gallery owns the most extensive collection of such material in the world; the portraiture that includes Flora MacDonald and Prince Charles Edward Stuart is complemented by glassware from the period which is on-loan from the Drambuie Liqueur Company which Kalinsky remarked upon as the only way Scots from the period could celebrate the deposed monarchy – toasting The King over the Water in appropriately engraved glasses.

On the other side of the upper floor, the two main naturally-lit exhibitions are The Age of Improvement, and Playing for Scotland. The first of these looks at societal changes through the 18th and 19th centuries, including Nasmyth’s 1787 portrait of the young Robert Burns and – well-known to past visitors to the portrait gallery – Raeburn’s 1822 depiction of Sir Walter Scott. These are complemented with some of the National Gallery’s collection of landscapes and earliest scenes from Scottish industry.

Slezer’s engraved view of Edinburgh Castle as-seen from the north-east.

Playing for Scotland takes a look at the development of modern sports in the 19th century; migration from countryside to cities dramatically increased participation in sporting activities, and standardised rules were laid down for many modern sports. This exhibition covers Scotland’s four national sports – curling, shinty, golf, and bowls – and includes some interesting photographic images, such as those of early strong-men, which show how more leisure time increased people’s involvement in sporting activities.

Next to the Reformation to Revolution gallery is A Survey of Scotland. Largely composed of works on-loan from the National Library of Scotland, this showcase of John Slezer’s work which led to the 1693 publication of Theatrum Scotiae also includes some of the important early landscape paintings in the national collection.

The work of Scotland’s first portrait painter, the Aberdeen-born George Jamesone, takes up the other of the smaller exhibits on the east side of the refurbished building. As the first-ever dedicated display of Jamesone’s work, his imaginary heroic portraits of Robert the Bruce and Sir William Wallace are included.

On the west side of the building, the two smaller galleries currently house the Close Encounters and Out of the Shadow exhibits. Close Encounters is an extensive collection of the Glasgow slums photographic work of Thomas Annan. Few people are visible in the black and white images of the slums, making what were squalid conditions appear more romantic than the actual conditions of living in them.

The Out of the Shadow exhibit takes a look at the role of women in 19th century Scotland, showing them moving forward and becoming more recognisable individuals. The exceptions to the rules of the time, known for their work as writers and artists, as-opposed to the perceived role of primary duties as wives and mothers, are showcased. Previously constrained to the domestic sphere and only featuring in portraits alongside men, those on-display are some of the people who laid the groundwork for the Suffrage movement.

Interactive remote-controlled periscope for viewing the Firth of Forth. Image: Brian McNeil.

The first floor of the newly-reopened building has four exhibits on one side, with the library and photographic gallery on the other. The wood-lined library was moved, in its entirety, from elsewhere in the building and is divided into two parts. In the main public part, the original table from the Society of Antiquaries sits centred and surrounded by glass-fronted cabinets of reference books. Visible, but closed to public access, is the research area. Apart from a slight smell of wood glue, there was little to indicate to the tour group that the entire room had been moved from elsewhere in the building.

The War at Sea exhibit, a collaboration with the Imperial War Museum, showcases the work of official war artist John Lavery. His paintings are on-display, complemented by photographs of the women who worked in British factories throughout the First World War. Just visible from the windows of this gallery is the Firth of Forth where much of the naval action in the war took place. Situated in the corner of the room is a remote-controlled ‘periscope’ which allows visitors a clearer view of the Forth as-seen from the roof of the building.

Sir Patrick Geddes, best-known for his work on urban planning, is cited as one of the key influencers of the Scottish Renaissance Movement which serves as a starting point for The Modern Scot exhibit. A new look at the visual aspects of the movement, and a renewal of Scottish Nationalist culture that began between the two World Wars, continuing into the late 20th century, sees works by William McCance, William Johnstone, and notable modernists on display.

A display of large family-portrait photographs, part of the Migration Stories exhibit. Image: Brian McNeil.

Migration Stories is a mainly photographic exhibit, prominently featuring family portraits from the country’s 30,000-strong Pakistani community, and exploring migration into and out of Scotland. The gallery’s intent is to change the exhibit over time, taking a look at a range of aspects of Scottish identity and the influence on that from migration. In addition to the striking portraits of notable Scots-Pakistani family groups, Fragments of Love – by Pakistani-born filmmaker Sana Bilgrami – and Isabella T. McNair’s visual narration of a Scottish teacher in Lahore are currently on-display.

The adjacent Pioneers of Science exhibit has Ken Currie’s 2002 Three Oncologists as its most dramatic item. Focussing on Scotland’s reputation as a centre of scientific innovation, the model for James Clerk Maxwell’s statue in the city’s George Street sits alongside photographs from the Roslin Institute and a death mask of Dolly the sheep. Deputy Director Kalinsky, commented that Dolly had been an incredibly spoilt animal, often given sweets, and this was evident from her teeth when the death mask was taken.

Now open daily from 10am to 5pm, and with more of their collection visible than ever before, the Scottish National Portrait Gallery will change some of the smaller current exhibits after 12 to 18 months on display. The ground-floor information desk has available five mini-guides, or ‘trails’, which are thematic guides to specific display items. These are: The Secret Nature trail, The Catwalk Collection trail, The Situations Vacant trail, The Best Wee Nation & The World trail, and The Fur Coat an’ Nae Knickers Trail.

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Barack Obama presents rescue plan after GM declaration of bankruptcy

Monday, June 1, 2009

In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing company.

President Obama delivers his speech today in the Grand Foyer of the White House today.

Describing the problem with the company as one that had been “decades in the making,” Obama explained the rationale behind his proposed reorganization plan for General Motors. He stated that his intent was not to “perpetuat[e] the bad business decisions of the past,” and that loaning General Motors money, when debt was its problem, would have been doing exactly that. His plan, he stated, was for the United States government, in conjunction with the governments of Canada and Ontario (which he thanked for their roles alongside the government of Germany which he thanked for its role in selling a corporate stake in GM Europe), to become shareholders in General Motors. The United States government would hold a 60% stake. The government will give GM a capital infusion of US$30 billion in addition to the funds it has already received.

Of the government ownership he stated that he refused “to let General Motors and Chrysler become wards of the state”, and described the bankruptcy of Chrysler, and the bankruptcy of General Motors that he envisioned as being “quick, surgical, bankruptcies”. He pointed to the bankruptcy of Chrysler as an example of what he envision for General Motors, but stated that General Motors was a “more complex company” than Chrysler.

Responding to challenges voiced by political opponents, before the speech, that the federal government would actively participate in the affairs of the restructured company, he stated that he had “no interest” in running GM, and that the federal government would “refrain from exercising its rights” as a corporate shareholder for the most part. In particular, he stated that the federal government would not exercise its rights as a shareholder to dictate “what new type of car to make.” He stated that he expected the restructured GM to make “high quality, safe, and fuel-efficient cars of tomorrow,” and several times described what he anticipated as “better” and “fuel-efficient” cars, after a streamlining of GM’s brands.

He said to the general public that “I will not pretend that the hard times are over.” He described the financial hardship that some — shareholders, communities based around GM plants, GM dealers, and others — would undergo as a “sacrifice for the next generation” on their parts, so that their children could live in “an America that still makes things,” concluding that one day the United States might return to a time when the maxim (a widely-repeated mis-quotation of what Charles Erwin Wilson once testified before the U.S. Senate when nominated for the position of Secretary of Defense) would once more be true that “what is good for General Motors is good for the United States of America.”

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England’s elderly face human rights breaches in home care system

Wednesday, November 23, 2011

File photo of an elderly woman using bath seat and walking stick. Image: Richard Duncan, MRP.

A report published today by the Equality and Human Rights Commission (EHRC) finds that, in many cases, England’s home care system breaches the human rights of the elderly it is supposed to serve. The Close to home: older people and human rights in home care report is the result of a twelve-month investigation into care generally provided by local authorities.

Approximately half of those receiving home care, plus friends and family, providing evidence to the inquiry were satisfied with the quality of care provided. However, the report stresses that there are “systemic problems” arising from “a failure to apply a human rights approach to home care provision”. The report asserts that it is generally not the fault of individuals providing care, but serious problems exist as local authorities seem unaware of their obligations under the Human Rights Act and fail to commission, procure, and monitor care accordingly.

The report says articles two, three and eight of the European Convention on Human Rights are frequently being breached. These, respectively, cover an individual’s right to life, protection from inhumane and degrading treatment, and respect for dignity and personal independence. Criticisms include that care is not provided in a common-sense manner, and funding of care for the elderly is at lower levels than for younger people with similar problems and needs.

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The EHRC’s investigation highlights a range of recurring complaints and attempts to identify the underlying causes; cost is repeatedly mentioned, with use of the private-sector leading to some local authorities offering a “one size fits all” service leaving many elderly feeling they are “a task to be undertaken” and have “little or no choice” as to help received, or when care workers visit. A failure to invest in care workers is noted, with significant responsibility and the wide range of skills required being rewarded with low pay and status; this, the report states, adversely impacts staff retention and, a high turnover of care workers can put the security of care recipients at-risk.

Within the wider investigation, a commissioned independent social report by The Arndale Centre conducted in-depth interviews with a cross-section of 40 elderly individuals receiving home care. As-stressed in the report, those selected were not on the basis of good, or bad, experiences with their – mainly local authority-provided – care. It highlights a widespread feeling amongst those interviewed that they are treated “like a number”, and that aspects of the care provided lead to, or fail to resolve, feelings of social isolation.

The Manchester-based Arndale Centre report concludes that, “[t]he general picture is of a wider home care system in which older people are noteffectively involved: which they do not understand, and which does not often make the extra effort required to involve them in ways tailored to their state of health and other needs”.

nobody to talk [to] face to face. Nobody will knock on that door,[…] a life of isolation.

A recurring theme in the responses of those interviewed is the social isolation that their home care is not adequately addressing. One male interviewee in his seventies who previously used a scooter to get about said in his interview, “I haven’t been out of the house now for about four weeks. I daren’t. The last time I went out on the scooter I hit the kerb and it frightened the living daylights out of me.” Another, an 85-year-old woman who lives alone, expressed sadness at her inability to do normal things, “I would love to go to town to do some shopping. I haven’t been to town for about two years… Wander round the town and have a cup of tea… I’d love that.”

The social isolation many elderly experience was summed up neatly by another woman in her eighties in her interview: “When you go now, I will maybe not talk to anybody till tomorrow; maybe the whole of tomorrow nobody to talk [to]… face to face. Nobody will knock on that door, that is it, a life of isolation.”

The EHRC, having commissioned this report in the face of funding changes and reform of the care system, intends to press for legislative changes to ensure those receiving care at home are given the same protections under the Human Rights Act as those in residential care. In the conclusions of their report they offer to work with, and support, local authorities in understanding and delivering care that respects peoples’ rights and dignity; and, recommend better guidance as to the choices available to the elderly, and their families, be made available.

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The Many Causes Of Acne

Acne remains a bit of a mystery. It seems to be partly hereditary, but why some people are affected by it and others are untouched isn’t exactly known. We do, however, understand some of the biology behind it.

The main culprit is the excess production of sebum, an oily substance whose function is to keep skin and hair lubricated and supple. The production of the oily sebum blocks the skin’s surface, which provides an ideal environment for bacterial growth. The bacteria multiply, the skin area becomes red and inflamed, and then a pimple pops up.

The Role Of Testosterone

The excess production of sebum is caused by testosterone, the male hormone. However, testosterone is present in both males and females. During puberty, the body changes in its reaction to testosterone, thereby producing extra sebum. This irregular reaction, occurring mainly during adolescence, causes the skin — particularly the face and upper torso — to become oily.

The sebum then combines with naturally occurring dead skin cells to block hair follicles.

The body usually regulates its reaction to testosterone by the early 20s, and then the annoying acne clears up.

Hair Follicle Theory

Narrowing hair follicles could be involved with the production of acne — so says a recent scientific theory. Evidence suggests that hair follicles may become restricted for several reasons, including excessive shedding of cells within the follicle, abnormal cell binding, or water retention which causes the skin to swell.

The narrowed hair follicles prevent dead cells from being expelled from the body, creating a buildup beneath the skin. Combined with sebum, it produces ideal conditions for acne.

Making Matters Worse

Many people can’t resist squeezing their pimples. This may make the condition worse, by spreading the bacteria to the surrounding skin area. It also can lead to scarring, sometimes permanently.

Even touching the face can worsen acne. Without realizing it, most of us touch our faces many times throughout the day. The problem is that our hands contain oils and bacteria that will increase the acne symptoms. In fact, all objects, including eyeglasses and telephone handsets, that make contact with the face must be clean.

Hair, particularly long hair, also touches your face, so it is important to keep your hair clean and oil free. Fabric accessories such as hats and headbands should be avoided or used as little as possible.

Other Factors

Other things that seem to aggravate acne conditions include diet, skin irritation, stress, hormonal activities such as menstrual cycles, and certain medications.

Dietary links show skim milk products to be related to acne. There is no statistical evidence, however, that foods such as chocolate and fast food have any association with pimples or aggravates acne.

Medications associated with acne include anabolic steroids (used for bodybuilding), lithium, barbiturates, halogens, and androgens.

Retired U.S. vets sue Donald Rumsfeld for excessive service cutbacks

Tuesday, May 31, 2005

One thousand residents of the Defense Department-managed Armed Forces Retirement Home in Washington, D.C. filed a class-action lawsuit on May 24, asserting that the cut-backs in medical and dental services imposed by Secretary of Defense Donald Rumsfeld are illegal. The operating budget for the home was reduced from $63 million in 2004 to $58 million for 2005. The residents cite cuts in on-site X-ray, electrocardiogram, physical and dental services, and the closing of the home’s main clinic and an on-site pharmacy.

Chief Financial Officer Steve McManus responded that the changes not only save money but also achieved improved efficiencies. “We’re really trying to improve the benefits to our residents,” he said.

Most of the home’s costs are paid for by a trust fund and monthly fees paid by residents. By law, the Armed Forces Retirement Homes are required to fund, “on-site primary care, medical care and a continuum of long-term care services.”

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Eurozone offers Greece 30 billion euro in loans

Sunday, April 11, 2010

Member states of the eurozone have offered to give Greece thirty billion euro in emergency loans for the debt-stricken country, should the latter want it.

The loans’ price will be determined using formulas by the International Monetary Fund (IMF), and will be set at around five percent.

The Luxembourgish prime minister, Jean-Claude Juncker, speaking on behalf of eurozone finance ministers, commented that “[t]he total amount put up by the eurozone member states for the first year will reach 30bn euros.” He added that “[t]his is certainly no subsidy” to Greece.

The prime minister also noted that financing would be “completed and co-financed” by the IMF. European Union monetary affairs chief Olli Rehn remarked that the IMF would make a “substantial contribution” to the loan package as well, perhaps around ten billion euros.

The Greek economy has spent more than it has earned for several years now, and currently faces a budget deficit equal to 12.9% of its economic output, or a total debt of 300 billion euros. The country intends to try and reduce the deficit to 8.7% this year.

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Netherlands set to further restrict semiconductor technology exports

Thursday, March 9, 2023

ASML headquarters in Veldhoven on May 22, 2008. Image: A ansems.
The Chinese Semiconductor Manufacturing International Corporation factory in Shenzhen on January 1, 2022. Image: Lhzss8.

Dutch trade minister Liesje Schreinemacher wrote lawmakers yesterday announcing the government will detail additional curbs on exporting semiconductor chip technology “on national security grounds”.

Her letter to the States General of the Netherlands read in part: “In view of technological developments and geopolitical context, the government has come to the conclusion that it is necessary for (inter)national security to extend the existing export control of specific semiconductor production equipment […]

“Because the Netherlands considers it necessary on national security grounds to get this technology into oversight with the greatest of speed, the Cabinet will introduce a national control list”, to be published “before the summer.”

The exact list of products affected were decided with “surgical” precision, “in order to avoid unnecessary disruption of the value chains and to take into account the international level playing field.”

It comes after at least three months of negotiations with the United States, which unilaterally introduced expansive export restrictions in October to limit Chinese firms’ access to foreign chips and tools to make their own, due to fears of military application.

US officials conceded, however, the measures’ efficacy would be reduced without international co-operation. The Associated Press reported in January similar restrictions were agreed to by Dutch and Japanese functionaries when they visited Washington, D.C. for talks, with separate tête-à-tête discussions that month between US President Joe Biden and the nations’ prime ministers.

Schreinemacher told reporters in Brussels, Belgium last November the Dutch government was “having talks with the US”, saying: “We do share the concerns [the US government has] when it comes to China, when it comes to security” and Dutch “national security interest is of the utmost importance.”

Without commenting on the prospect of similar restrictions being introduced, the minister said the US export controls’ observed negative impact on Dutch companies were “for the right reasons […] national security interests.”

Veldhoven, North Brabant-based ASML Holding, Europe’s largest technology company, dominates the production of the laser lithography systems necessary for computer chips; it has offices in Beijing and Shenzhen and a Hong Kong regional headquarters.

The firm has reported about 16% of its 2021 sales, or over €2 billion, were to China.

Among products sold are advanced deep ultra violet (DUV) systems, which were mentioned as affected by the new controls in Schreinemacher’s letter as “very specific technologies in the semiconductor production cycle on which the Netherlands has a unique and leading position”.

A statement on the company’s website confirms “ASML will need to apply for export licenses for shipment of the most advanced immersion DUV systems.”

However, it clarifies not all immersion lithography tools are affected, and states based on “our expectation of the Dutch government’s licensing policy, and the current market situation, we do not expect these measures to have a material effect on” either its 2023 or long-term financial outlooks.

This follows a November 11 assurance by CEO Peter Wennink that a scenario where Chinese chipmakers couldn’t expand their capacity could mean a “temporary hiccough” but wouldn’t “change the 2030 picture that much” because “ultimately those chips need to be made.”

Its 2023 sales projection for China estimates near-zero growth to €2.2 billion even as ASML expects overall sales to expand by 25%.

Key questions remain, including whether ASML will be allowed to service the DUV machines already sold, and what precisely is affected—while Schreinemacher’s letter mentions “the most advanced [DUV] immersion lithography and deposition”, it does not name ASML, who has interpreted “most advanced” to mean its ‘critical immersion’ systems.

Existing controls have prohibited ASML from supplying China chipmaking technology with their most advanced extreme ultraviolet lithography systems since 2019, of which they are the world’s sole producers. These curbs were introduced following US fears they could be ‘dual use’ with military potential.

China has criticised restrictions as disrupting ordinary trade relations, its Ministry of Commerce stating after Washington’s initial announcement the US “should stop the wrongdoings immediately and give fair treatment to companies from all over the world, including Chinese companies.”

Despite trading barbs, a US State Department spokesperson told CNBC that where “China is pursuing asymmetric decoupling”, Secretary of State Antony Blinken has “said we do not want to sever China’s economy from ours”.

Sources quoted by Reuters expect Japan to update its own export policies as soon as this week.

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Starting With Useful Currency Trading Tips

Trading in the forex market often becomes a very complicated business. Although it offers a good opportunity to earn additional income, it also has some risks entailed. There may be instances if your trading strategy is not well planned out, this will result to you experiencing great losses instead of earning profits. That is why it is best to know important details about forex trading and to plan good strategies and a trading system.You can start out by getting familiar with the market and how it works and truly learn forex trading from the inside out. Being able to understand how trading works within the forex market would allow you to formulate plans and strategies that can be used to your advantage. This can enhance the chances of success in trading. You can do this by utilizing online forex simulations. These simulations provide you with a virtual forex market environment, where you will be able to practice trading and work out certain forex trading strategies. Because this is only a simulation of the real thing, you do not have to deal with real money.In trading within the forex market, it is important to note that you are trading with pairs of currencies. As you purchase one, you are also selling one. You should remember to trade in pairs. You should know the value of both currencies that you are trading with. Being right about both currencies that you are trading with, will determine the success that you can have from trading.Do not allow your emotions to take part in making decisions for your trade orders. Allowing your emotions to play a part in making trade decisions can cloud your logical judgment, which can ruin your chance of success. Traders who become emotional while trading often end up losing profits rather than gaining them. When emotions take part, a trader can become greedy or fearful depending on the circumstances. Both however, are not healthy for trading.

Rugby Union: Queensland’s Ballymore Cup quarter finals

Thursday, July 23, 2009

The Ballymore Cup Quarter Finals were played Wednesday. The Ballymore Cup is a state wide Rugby Union competition in the Australian state of Queensland. Schools participating in the Greater Public Schools (GPS) competition do not compete in the Ballymore Cup.

The North Queensland quarter finals are played as a round robin competition between four teams in Makay while the three other quarter finals are played at Ballymore Stadium in Brisbane.

Below are reports off each match in division 1.

Siena Catholic College 11 – 5 Marsden State High School

Siena Catholic College from the Sunshine Coast managed to slip past Marsden State High School 11 points to 5. Both sides crossed the oppositions line but penalties committed by Marsden gifted Siena the victory.

Siena defeated reigning champions Mountain Creek State High School in the Sunshine Coast division 1 competition final. They will play the winner of this weekends North Queensland Carnival in the semis.

Corinda State High School 0 – 44 All Saints Anglican School

Brisbane West’s Corinda State High School never seemed to be in the match as All Saints Anglican School from the Gold Coast eased pass them 44 point to zero. All Saints ran rings around the Corinda defence.

All Saints will play John Paul College in the semi final.

North Side Christian College 0 – 47 John Paul College

John Paul college will meet All Saints Anglican School in the semis after they defeated North Side Christian College forty-seven points to zero.

Rockhampton Grammar School, Whitsundays Anglican School (Mackay), Townsville Grammar School and St Augustine’s College (Cairns) will play the North Queensland Carnival as part of the Ballymore Cup quarter finals this weekend.

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