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South Korea's economy grew at its fastest pace in over seven years in the third quarter amid strength in manufacturing and capital spending, the central bank said Monday, as Asian countries lead the global recovery.
Gross domestic product grew 2.9 percent in the three months ended Sept. 30 compared with the previous quarter when it expanded 2.6 percent, the Bank of Korea announced. The figure is preliminary and subject to revision.
That marked the strongest growth since an expansion of 3.8 percent in the first quarter of 2002, according to bank data.
South Korea has been recovering from its worst downturn since the 1997-98 Asian financial crisis as a weaker currency and government stimulus programs overseas boost exports. Record-low interest rates and government spending at home have also helped stimulate Asia's fourth-largest economy.
The unemployment rate fell in September to a nine-month low of 3.4 percent, consumer and business sentiment have risen and the current account - South Korea's broadest measure of trade - is firmly back in surplus after a deficit last year for the first time since 1997. Hyundai Motor Co. and Kia Motors Corp., both major exporters, reported record quarterly net profit in the third quarter as sales rose.
The country's latest GDP figure marks the third straight three-month period that the economy has grown. It eked out a 0.1 percent expansion in the first quarter after having contracted 5.1 percent in the final three months of 2008.
The central bank also said Monday that South Korea's economy grew in the third quarter compared with the same period last year, expanding 0.6 percent. That snapped three straight quarters of year-on-year contraction.
Manufacturing expanded 8.7 percent in the third quarter, while capital spending grew 8.9 percent.
The latest growth figures also add to evidence that Asian countries are leading a recovery in the world economy after it slumped severely in the aftermath of the global financial meltdown last year.
China's economy, the world's third largest, grew 8.9 percent in the third quarter from a year earlier, accelerating from an expansion of 7.9 percent in the second. Singapore's economy grew an annualized 14.9 percent in the third quarter, expanding for a second straight three-month period.
Japan, the world's second-largest economy, grew at an annual pace of 2.3 percent in the second quarter, following a yearlong contraction. Japan has yet to release figures for the third quarter.
Asia's performance contrasts with that of other major economies, some of which remain mired in recession. The German and French economies each grew a modest 0.3 percent in the second quarter. They have yet to release results for the third.
Britain's economy, however, shrank 0.4 percent in the third quarter, confounding expectations of growth.
The United States shrank 0.7 percent in the second quarter, though is expected to have expanded in the third after four straight quarters of decline.
Given South Korea's recovery, economists have been closely watching the Bank of Korea for signs it may begin to raise its key interest rate, which has been kept at a record low 2 percent for an eight months. At it most recent meeting this month, the bank largely doused speculation a rise could come this year. Economists expect it to lift borrowing costs, gradually beginning early next year.(TheJakartapost)
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Gross domestic product grew 2.9 percent in the three months ended Sept. 30 compared with the previous quarter when it expanded 2.6 percent, the Bank of Korea announced. The figure is preliminary and subject to revision.
That marked the strongest growth since an expansion of 3.8 percent in the first quarter of 2002, according to bank data.
South Korea has been recovering from its worst downturn since the 1997-98 Asian financial crisis as a weaker currency and government stimulus programs overseas boost exports. Record-low interest rates and government spending at home have also helped stimulate Asia's fourth-largest economy.
The unemployment rate fell in September to a nine-month low of 3.4 percent, consumer and business sentiment have risen and the current account - South Korea's broadest measure of trade - is firmly back in surplus after a deficit last year for the first time since 1997. Hyundai Motor Co. and Kia Motors Corp., both major exporters, reported record quarterly net profit in the third quarter as sales rose.
The country's latest GDP figure marks the third straight three-month period that the economy has grown. It eked out a 0.1 percent expansion in the first quarter after having contracted 5.1 percent in the final three months of 2008.
The central bank also said Monday that South Korea's economy grew in the third quarter compared with the same period last year, expanding 0.6 percent. That snapped three straight quarters of year-on-year contraction.
Manufacturing expanded 8.7 percent in the third quarter, while capital spending grew 8.9 percent.
The latest growth figures also add to evidence that Asian countries are leading a recovery in the world economy after it slumped severely in the aftermath of the global financial meltdown last year.
China's economy, the world's third largest, grew 8.9 percent in the third quarter from a year earlier, accelerating from an expansion of 7.9 percent in the second. Singapore's economy grew an annualized 14.9 percent in the third quarter, expanding for a second straight three-month period.
Japan, the world's second-largest economy, grew at an annual pace of 2.3 percent in the second quarter, following a yearlong contraction. Japan has yet to release figures for the third quarter.
Asia's performance contrasts with that of other major economies, some of which remain mired in recession. The German and French economies each grew a modest 0.3 percent in the second quarter. They have yet to release results for the third.
Britain's economy, however, shrank 0.4 percent in the third quarter, confounding expectations of growth.
The United States shrank 0.7 percent in the second quarter, though is expected to have expanded in the third after four straight quarters of decline.
Given South Korea's recovery, economists have been closely watching the Bank of Korea for signs it may begin to raise its key interest rate, which has been kept at a record low 2 percent for an eight months. At it most recent meeting this month, the bank largely doused speculation a rise could come this year. Economists expect it to lift borrowing costs, gradually beginning early next year.(TheJakartapost)
Windows 7 and a Grab Bag of Microsoftness Before FY10Q1 Results
October 22nd 2009. Windows 7. The circle is now complete.
What is Windows 7? There's a lot that Windows 7 is (oh, it's faster, it has an improved task bar, peeking, snapping, homegroupin', stable drivers and some pretty freaky desktop pictures) but the big thing that it isn't is that Windows 7 is not Vista. It didn't suffer Vista's raging dysfunctional mismanagement and broken windows. It didn't require a reset. Sure, it wasn't perfect and there's a lot of improvements yet to be made in focus and team productivity, but the Windows team delivered. So toot that damn horn, because this here train is arriving on time.
With FY10Q1 announcements coming this week and along with Windows 7, I hope we have a lot of good things to talk about with the analysts. Google and Apple and Yahoo! certainly did. Usually we release our quarterly earnings on the appropriate Thursday afternoon, after closing. It is unfortunately disturbing that we've decided to release our FY10Q1 earning results instead on this Friday morning before trading. I say disturbing only because the last time we did this, a whole bunch of Microsofties were pulled into a layoff. Now... hopefully this earnings report is delayed so that we can have this Thursday the 22nd be all about Windows 7 and not our financials. And I can not imagine that we (and by "we" I mean the Microsoft Senior Leadership Team) would be so dumb as to release our flagship product on a Thursday and turn around and fire a bunch of people the next day.
So, anyway, what's in the mix as the financials come up this week?
Windows 7: check. Thank goodness for SteveSi. I certainly hope he gets paid a lot more than Robbie Bach this year.
Within the Windows 7 reviews, there's going to be a point-of-view that the operating system is dead, which is, ah, kinda dumb. Your web browser isn't going to bootstrap that Intel CPU on its own. What might be dead is rich applications, which is a fair argument and Microsoft is failing to provide much in the way of new rich applications. In fact, we are cutting them one by one (Money, Encarta... Streets, you best watch your back). Sure, there's a transformation to online replicated services and all, but we really need to convince our consumers that there is a strong worth in having a Windows 7 on your laptop so that it's not a fancy glowy brick when the internet is down.
Kindle? Wouldn't it be sweet if we had a nice ebook reader application? We could call it... mmm, Reader?
Windows Live is supposed to help with building value via rich applications. Live has been broken out of Windows to free it from the consent decree and all ('cept for sneaking a Win7 component out early, wink-wink). Messenger, Mail, Photos, Movies, and an awkward online service. And Live Writer (though rumored a dead-man walking per comments).
It's a fair start, and if I had my druthers OneNote would move out of Office and into Windows Live to be the essential authoring companion to the Windows experience. Windows Live Essentials is a good start, but to add some joy into owning a Windows machine, what we need just as urgently is Windows Live Non-Essentials.
Joy. There's a concept just asking for a planning pillar. How strangely would your coworkers look at you during spec reviews if you asked how joyful the feature happened to be?
Windows 8: speaking of planning! The Sinofskyfication of Windows continues, along with alignment around his good lieutenants.
Office: hey, hey, hey, there's a Beta on the way. The Office train lost its conductor but it mostly seems to be still on track. Though trust me: Office wants its Steven back. Bad.
Mobile: Holy. Crap. I don't think we have any unbruised skin left on our body to take any more lumps regarding our mobile strategy. The Microsoft Mismanagement theory is in full force as we throw any willing body into the Mobile effort. Something good has to come out of those typing monkeys, rights? Windows Mobile Phone 6.5 or whatever the hell it's called didn't win any "Wows" and I discovered 1:1 the worst question to ask is, "So, can I upgrade it to Windows Phone 7?"
Look. Let's talk about device loyalty. I first started with owning PocketPCs. An HP Jornada. I loved it. When upgrade time came, HP had bought Compaq and abandoned the Jornada for the iPAQ (what, they had the iThing first?). So, unable to upgrade to the next CE, I cursed a little and bought one of those iPAQs. But HP decided not to allow it to be upgraded. So I switched to Dell to get their latest Axim PocketPC. Dell would be a safe bet, right? And Dell gave up on the line. My latest act of company loyalty: getting a powerful HTC WinMo 6 device. It was cut-off the 6.5 train, and soon, I'm going to be buying a new phone.
And I'm going to buy an iPhone.
I hate it. I hate to think that I'll be installing Apple software on one of my computers because their PC software is so inelegant and buggy (check Watson). I hate that I've been so loyal to the PocketPC platform and Windows Mobile but I've finally had my chain yanked for the last time. I'm not buying a 6.5 device only to have it abandoned when 7 comes out. Microsoft is doing nothing to convince me that it's going to get any better. We suffer through rumors that Pink is imploding and issues with Sidekick data doing disappearing acts while our CEO has conniption fits over Microsofties sporting iPhones. Dude, this is why.
In this case, Microsoft is going to have to earn me back and convince that not only do they have a better experience and better quality phone but that they also won't kick me off to the side of the road when a new release comes along, spinning a sad tale that the carriers make all the decisions.
Dev Div: If I had to sit down tomorrow and write a casual application for the PC, my mind would fork itself in about five different directions. Native with ATL? WPF? Silverlight? An HTA? And what's up with XNA? If I want to write an app for the Zune (which Zune?) what do I do? And can it run on some future mobile device? And the PC? And Xbox?
And how do I share it? How do I sell it? And, ah, crap, you mean you just released a whole new version of C# / Silverlight / XNA that I have to go and relearn? Maybe those free Starbucks coffee dispensers wasn't a good idea...
If anything, I'd probably be pretty damn tempted to invest time learning Adobe AIR. And I'm thinking that while smack dab in the middle of the Microsoft bubble. There are a lot of Partners in Dev Div, and I'm not seeing any benefit from their concentration. The Windows client should be the premiere development platform. It's not. What am I missing?
Are We There Yet? Are the layoffs over? Has Microsoft stabilized? Of course, I'd be satisfied with another 10,000 or more positions being eliminated. But I want it done in one fell swoop, like all the conventional wisdom out there dictates, so that the remaining work force can align itself and get to work and not constantly worry if their group is next. If we're going to continue this quarterly rhythm of maybe-layoffs, maybe-not then morale is going to get seriously poisoned. Let's finish this round and call it done.
Ballmer: well, Mr. Ballmer, if you ever wanted to leave on a high-note, this is it. I'm frustrated because when you hear Steve 1:1 you know that he gets it. He knows some key strategies and things that need to get done. But then Yahoo! happens. Vista happens. Over-exuberant hiring happens. Layoffs happen to shed off the over-hiring. And a flat stock price happens. So something is seriously not connecting between (a) when you hear Steve talking and (b) when he makes major decisions. Hmm. Maybe it's something about guys named Steve having localized reality distortion fields.
This week, as we celebrate Windows 7, you do see an undercurrent of knife-sharpening while examining Mr. Ballmer.
- Ballmer takes center stage with Windows 7 by Bill Rigby at Reuters. This week's award for damning praise: "He hasn't destroyed the company, but it clearly is not at the top of its game." Yikes. Is that on Mr. Ballmer's commitments? "FY10: do not destroy the company..." I should have added that to mine.
- Forecast for Microsoft: Partly Cloudy by Ashlee Vance at the New York Times. It almost wants me to say, "Hey, no, we are the Evil Empire here! Not Google! I. AM. THE. EMPIRE. Don't you put us in that corner!"
- NY Times all but says it: Ballmer must go by Fake Steve. This is the highlight reel of the NYT story above, with scary graphs charting Microsoft stock performance compared to Apple and Google. Two follow-ups: Why the Borg's copycat business model no longer works and Why won't the Times just come out and say what they mean about Fester?
The biggest question still out there: just who would you replace Ballmer with? If a shareholder revolt was to actually happen (shyeah, right) who would be the right choice to lead Microsoft? There is no heir apparent. And no obvious motivation to find one. But wait. Maybe, just maybe... you know, we'll have to wait and see and discover if Steven Sinofsky's upcoming book One Strategy! has a chapter on 'How To Become the CEO of a 100,000 Employee Company' (hopefully followed by the chapter 'More With Less - How To Transform a 100,000 Employee Company Into a 70,000 Employee Company').
Any fireworks you're expecting this week of Windows 7 and Quarterly results?
Mini-Microsoft Microsoft -- Comments
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OBS & GYNAEC LECTURES
SOURCE:American Congress of Obstetricians and Gynecologists.
FOR USEFUL MEDICAL WEBSITES http://mediconet.blogspot.com/ . Read More........
GYNAECOLOGY & OBS POWERPOINT PRESENTATIONS
SOURCE: Shanghai Jiao Tong University School of Medicine Obstetrics and Gynecology
FOR USEFUL MEDICAL WEBSITES http://mediconet.blogspot.com/ . Read More........
PowerPoint Lectures in Operational Obstetrics & Gynecology
| Operational Obstetrics & Gynecology | Introduction to operational medicine and women in operational settings. |
| Medical Support of Women in Military Settings | Deployment issues and Pre-deployment planning |
| Sexual Assault | Dealing with victims of sexual assault. |
| Breast Problems | Common breast problems and treatments. |
| Breast Self-Exam | Step-by-step educational presentation for all women. Includes a brief video. |
| Birth Control Pills | Management of BCP issues in operational environments is emphasized. |
| Contraception | Alternative methods are explored. |
| Abnormal Bleeding | Causes and treatments of abnormal bleeding. |
| Vaginal Itching and Discharge | Expedient solutions for operational settings are presented. |
| Vulvar Lesions | Images of the various vulvar lesions commonly encountered in operational settings. |
| Human Papilloma Virus (HPV) | This biology of this common virus is examined and various clinical treatments are explored. |
| Abdominal and Pelvic Pain | Providing care to women in operational settings who suffer from abdominal or pelvic pain. |
| Performing a Pap Smear | Step-by-step description of how to obtain a Pap smear. Includes a video. |
| Problems with Urination | The variety of urination problems women may experience. |
| Normal Pregnancy | The normal course of pregnancy and common, minor obstetrical problems. |
| Abnormal Pregnancy | Significant obstetrical abnormalities during pregnancy. |
| Normal Labor and Delivery | Management of the normal laboring patient. |
| Abnormal Labor and Delivery | Common problems that may be encountered during labor and delivery. |
| Care of the Newborn | Immediate post-delivery care of the newborn infant. |
| How to Perform a Wet Mount | Step-by-step instructions on how to actually perform a wet mount and read the results under the microscope. Includes through-the-scope videos. |
SOURCE: Medical Education Division, Brookside Associates, Ltd.
FOR USEFUL MEDICAL WEBSITES http://mediconet.blogspot.com/ . Read More........
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