Friday, October 31, 2008

why the aussie dollar dive

Australian dollar has collapsed from nearly matching the US dollar in July.
key reasons for the historic slide

Australia's relatively high interest rates drew investors, especially from Japan, to sink their hard-earned into Aussie dollars. When the dollar dropped, however, those gains were wiped out, scorching investors who won't be back soon.

Commodities account for about half the country's exports. All good when their prices are rising, but a drag when they aren't. Iron-ore and coal are the two biggies in value terms, and prices for both are set to be slashed at coming meetings with Chinese and other Asian buyers.
Yawning deficit.

Australians have been buying more from overseas than we export for years. When dividends and debt repayments are taken into account, the gap is among the largest

The RBA has 'intervened' twice
slow the dollar's slide. That means it's been buying Australian dollars
signalling to traders that dumping the dollar is not a one-way bet.
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Super service - by BJ Queen

clipped from scienceblogs.com

With a Truck That Big, He Must Know What He's Doing

BJQ.jpg

Hah, hah, hah. Look, I know what you're thinking, and laugh all you want, but I want you to know that I called these guys to remodel my kitchen. They were prompt, courteous, clean, hard-working, and I was completely satisfied with the oral sex.

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photos to make you think,smile and cry

clipped from fishki.net
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10 Fun Facts About Pablo Picasso

the blue Rose - finally!

clipped from www.telegraph.co.uk
The world?s first blue roses have been unveiled following nearly two decades of scientific research.
The creation of blue roses – long thought to be impossible – was masterminded by an Australian-based subsidiary of Suntory, a Japanese company.

The firm has invested three billion yen in the creation of blue roses, blue carnations and other blue flowers since 1990.

Its scientists successfully pioneered implanting the gene that produces Delphinidin, the primary plant pigment that produces a blue hue but is not found naturally in roses.

A blue rose has long been synonymous with the unattainable, from signifying unrequited love in Chinese folklore to its Victorian era connotations of symbolising a quest for the impossible.

Those inspired by the image of a blue rose range from Rudyard Kipling who penned poems about the unnaturally-hued blooms to a string of characters featuring in modern day Japanese "anime" animation.

will go on sale commercially next Autumn.
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