| Scavenging by Day, Prostitution by Night
Gone were the days when vendors and porters of the Port of Batangas could give a decent life to their family and send their children to college. Losing their main source of livelihood after being ejected from their homes because of the privatization of the Port, they turned to sex trade to earn a living - making this a family business. BY DABET CASTAEDA
Bulatlat BATANGAS CITY - Prostitution, known to be the worlds oldest profession, is new to the people who once lived along the shores of the old Batangas Port in this city, some 111 kms. south of Manila. Amanda (note her real name), 48, a mamasan (pimp) born and raised in Barangay Sta.
Trading in currency markets was relatively quiet yesterday
Trading in currency markets was relatively quiet yesterday due largely to a lack of economic data releases and official commentary. The major exception was the Canadian dollar, which fell to a 14-year low versus the U.S. dollar. The move in the loonie coincided with fall in oil prices yesterday afternoon. In general, signs of softening growth in Canada and declining commodity prices have weighed on the Canadian dollar over the past few weeks. Looking forward, we project that the loonie will strengthen somewhat versus the greenback as the U.S. dollar generally depreciates. That said, we expect that the Canadian dollar will underperform most other currencies. (For details, see our most recent "Monthly Economic Outlook", which is posted at www.wachovia.com/economics.) Speaking of dollar depreciation, the greenback has weakened somewhat against most major currencies this morning.
Resources, Naturally
Make no mistake: The game is up in housing. "Denver Flu" is spreadingand even mortgage lenders say prices could tumble up to 20%. But one group has already had a chance to see 124% betting against the bubble - and it's preparing to rake in much, much more. Here's everything you need to know about "Denver Flu" - and how it could be your ticket to 300% gains over the next few years: http://www.isecureonline.com/Reports/DRI/EDRIH210 --------------------- England is a winter wonderland this morningeverything covered in white. The trains are late and traffic is halted in some areas. Yesterday, it was the financial markets that were frozen. Not much movement. But investors still aren't coming in from the cold. Uh ohwe get bad news from Reuters.
How To Maximize Profits - Learn Professional Forex, Momentum, ETF & Other Trading Strategies At The NY Traders Expo
(RTTNews) - Several successful Professional traders will be gathering next week in New York City to educate novice and professional traders and investors alike about strategies that work well for them. Register today to attend this FREE 4-day event in NYC at http://www.intershow.com/tradersExpo/newyork/main.asp?scode=007763 Following is a list of some of the noteworthy educational sessions scheduled during the Feb17th through 20th expo. Strategies of a Professional Forex TraderTodd Gordon, Currency Strategist and Trader Join Todd Gordon as he presents the methodologies he uses to produce his widely read Strategy of the Day. In this session, Todd will share his unique approach to Forex trading, in which he combines sophisticated technical analysis techniques with shrewd observations on currency price action.
Currency: Dollar dip proves short-lived
A dip in the currency, caused by comments by Finance Minister Michael Cullen that he was considering a levy on mortgages to drive down inflation, proved short-lived today. As other political parties and economists knocked the concept as a non-starter, the Kiwi recovered the lost ground. It closed the week on US68.63c after starting the day on US68.67c before sliding to around US68.40c on Dr Cullen's comments. It closed yesterday on US68.75c. BNZ currency strategist Danica Hampton said the levy idea caused the currency markets to consider the possibility the housing market could be contained without the Reserve Bank having to hike rates, she said. But it was important to realise Treasury and the Reserve Bank had been talking about the idea for the past year, and any such measures would take some time to implement, she said.
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