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April 29, 2012

Signals indicate Texas economy continues to improve

Filed under: Archived,North America,Original reporting,Texas,United States — admin @ 5:00 am

Signals indicate Texas economy continues to improve

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Sunday, April 29, 2012

As many states across the US continue to struggle financially, many individuals, including some economists report multiple positive indicators for Texas.

The chief economist with Comerica Bank told media sources this week that most of the improvements are attributed to strong creations of jobs in both the energy and manufacturing and services sectors. More specifically, that report called the state’s recent job growth, “robust”.The state’s unemployment rate in March was more than 1% lower than the nationwide rate, according to recent data.

When asked her opinion about the state’s present economic trajectory, Chantal Woodhull, a middle school teacher in Tyler, Texas told Wikinews, “It’s getting better.” Other sources indicate slight improvements in the real estate sector.

According to a recent report, retail job growth in Houston outstretched all other states, increasing its number of workers by over 4%. Across the US, retail jobs are improving at a slow pace in many large metropolitan areas.



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China sets up US$10 billion credit line with European nations

China sets up US$10 billion credit line with European nations

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Sunday, April 29, 2012

Wen Jiabao

China has pledged US$10 billion in credit to back joint projects with Central and Eastern European countries. Visiting Chinese Premiere Wen Jiabao announced the deal at a business forum in Warsaw, Poland, and said he hopes the deal will facilitate the two sides’ cooperation.

To boost business and trade, Wen said that China wants to help with infrastructure projects, including new technologies and green economy sectors. Also discussed at the Economic Forum was a new investment cooperation fund which would initially boast US$500 million to assist Chinese investments in the region. He also announced a plan to expand the Chinese market with other countries with hopes to build trade exchange to US$100 billion before the year 2015.

“China will work with countries in Central and Eastern Europe to mutually open the markets and to increase the trade exchange to $100 billion before 2015,” Wen said.

He said trade volume between China and central and eastern European countries reached 52.9 billion US dollars in 2011 and had grown 27.6 percent a year on average since 2001, when it was only 4.3 billion US dollars.

Thus far, the largest Chinese investment has been a 1.2 billion (US$1.6 billion) deal made by China’s Wanhua Industrial Group that gained full control of Borsodchem, a Hungarian chemicals firm. Other recent investments were made in Serbia, where a €170 million (US$225 million) bridge was built over the Danube river in Belgrade.

Prime Minister Donald Tusk of Poland happily welcomed the Chinese investment, noting the country’s uprising economy and European leadership role. Both Wen and Tusk enthused about the potential they say their partnership has and encouraged others in the region to form similar agreements.

The Chinese are “very pragmatic” in business, Andrzej Pawelec of Agrihortus company said, who is seeking new partners in China to sell its beverages. “If they see a good and honest business proposal, they are always open.”

Wen started his official visit to Poland on Wednesday. Poland is the last leg of a four-nation Europe tour that included visits to Iceland and Sweden and the opening ceremony of the Hannover Fair in Germany.



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Stoner takes first win at Jerez

Filed under: Disputed,Pages with defaulting non-local links — admin @ 5:00 am
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Sunday, April 29, 2012

In the second race of the season, Australian Casey Stoner took victory his HRC Repsol Honda at the Spanish Grand Prix at Jerez. Stoner was able to fend off Yamaha’s Jorge Lorenzo’s relentless pursuit of the number one position at the Spaniards home track. Lorenzo was around .8 seconds back when he climbed his way back to fight for the lead near the end of the race. However on the penultimate lap Stoner turned it up a notch leaving Lorenzo in the dust with his bike writhing and sliding, getting every last bit of grip his tired Bridgestone tires had to offer.

Casey Stoner 2011

The race was declared dry five minutes before the green flag was dropped, rain was prevalent all weekend so set up time in the dry was incredibly short. Qualifying was the only dry time the riders saw aat the track since last year. This made for a close first half of the race as the top 10 riders were all battling for position with Dani Pedrosa taking the early lead. Riders were side by side, even touching tires to knees, and this carried on until the middle of the race until it settled with Stoner slotting into first. Lorenzo, the Pedrosa settling in third trying to fight off Tech 3 Yamaha’s Cal Crutchlow’s attacks. The Yamaha riders dealing with wheel spin, simply couldn’t match the drive onto the final straight against the Honda’s. This made it almost impossible to pass the pair of Repsol bikes going into turn one.

Jorge Lorenzo

Ducati’s Kentucky Kid Nicky Hayden, twist, slid, and bumped his way into third place, and managed to stay in this position until there were 16 laps to go and his tires dropped off drastically. Hayden ended up in 8th place after fighting for a podium spot. In yet another less than expected finish, 9 time world champion Valentino Rossi placed 9th behind his teammate. An even more odd result, Yamaha’s factory rider American Ben Spies finishing behind Hector Barbera in 11th, clearly struggling with the bike this season.

Lorenzo leads the championship with 45 points ahead of Stoners 41 with Pedrosa in third with 36 points.

Finishing Order

1. Casey Stoner AUS Repsol Honda (RC213V) 45m 33.897s

2. Jorge Lorenzo ESP Yamaha Factory Racing (YZR-M1) 45m 34.844s

3. Dani Pedrosa ESP Repsol Honda (RC213V) 45m 35.960s

4. Cal Crutchlow GBR Monster Yamaha Tech3 (YZR-M1) 45m 36.362s

5. Andrea Dovizioso ITA Monster Yamaha Tech3 (YZR-M1) 45m 51.997s

6. Alvaro Bautista ESP San Carlo Honda Gresini (RC213V) 45m 55.292s

7. Stefan Bradl GER LCR Honda MotoGP (RC213V) 46m 2.534s

8. Nicky Hayden USA Ducati Team (GP12) 46m 2.766s

9. Valentino Rossi ITA Ducati Team (GP12) 46m 8.749s

10. Hector Barbera ESP Pramac Racing (GP12) 46m 9.000s

11. Ben Spies USA Yamaha Factory Racing (YZR-M1) 46m 11.938s

12. Aleix Espargaro ESP Power Electronics Aspar (ART CRT) 46m 46.625s

13. Danilo Petrucci ITA Came IodaRacing (Ioda-Aprilia CRT) 46m 52.566s

14. Mattia Pasini ITA Speed Master (ART CRT) 47m 3.039s

15. Ivan Silva ESP Avintia Blusens (FTR-Kawasaki CRT) 47m 6.375s

16. Colin Edwards USA NGM Forward Racing (Suter-BMW CRT) 47m 14.474s

17. Karel Abraham CZE Cardion AB Motoracing (GP12) 45m 49.303s

DNF:

Randy De Puniet FRA Power Electronics Aspar (ART CRT)

James Ellison GBR Paul Bird Motorsport (ART CRT)

Michele Pirro ITA San Carlo Honda Gresini (FTR-Honda CRT)

Yonny Hernandez COL Avintia Blusens (FTR-Kawasaki CRT)



Sources

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Some information contained in this article was obtained from television, radio, or live webcast sources. Reporter’s notes and the broadcast source details are available at the discussion page.

Austin Payne – I watched the race Dorna International Broacast on the SPEED channel April 29, 2012 7:00AM-8:00AM Central Time

This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

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