Latest News Clipping 2011.09.15

                 Bengo’s  Latest News Clipping             2011.09.15   

1.         Can China and the other BRIC nations save Europe?

CNN    September 14, 2011

Brazil, Russia, India and China -- the so-called BRIC nations -- may look to buy the debt of troubled European countries. But will it end the euro crisis?

NEW YORK (CNNMoney) -- In the late 1980s, developed nations helped bail out Latin America and other emerging markets.

The issuance of so-called Brady bonds (named for the former Reagan/Bush-era Treasury secretary) enabled Brazil and other debt-laden countries to find a way out of the fiscal abyss.

Oh, how the tables have turned.

With Europe's credit and banking crisis seeming to get worse by the day, there are now several reports that Brazil -- as well as Russia, India and China -- may look to buy up a portion of sovereign debt from troubled European nations. You could a call it a BRIC Brady bond plan for the 21st century.

"Capital is flowing from lesser developed countries to higher per capita income countries. We are not used to that," said Jeffrey Bergstrand, a professor of finance with the Mendoza College of Business at the University of Notre Dame." But it makes sense because of the dramatic shift in global wealth."

2.         High Cholesterol Levels Linked to Alzheimer Disease Risk, Researchers Say

The Bloomberg  Sep 12, 2011

People who accumulate plaque on their arteries may be more prone to another insidious type of buildup -- one that clogs their brains.

Scientists who tested the cholesterol levels of 147 patients found that those with the highest readings were more likely to also have the brain plaque that signals Alzheimer’s disease. The research was published today in the medical journal Neurology.

The findings suggest that lowering cholesterol levels early in life may reduce the prevalence of Alzheimer’s, a progressive disease that starts with forgetfulness and eventually saps memories and independence. Doctors have struggled to understand, predict and slow the advance of the illness ever since it was first described by German doctor Alois Alzheimer more than a century ago.

3.          Nation looks ahead with hope after remembering 9/11 victims

CNN      Sep 13, 2011

     

New York (CNN) -- President Barack Obama on Sunday evening helped conclude remembrances of Americans who died in the September 11, 2001, terrorist attacks with a message of unity and resolve for the years ahead.

"These past 10 years underscore the bonds between all Americans. We have not succumbed to suspicion and mistrust," Obama said at the "Concert for Hope" at the Kennedy Center in Washington. "It will be said of us that we kept that faith; that we took a painful blow, and emerged stronger."

The concert, which included performances by Patti LaBelle, mezzo-soprano Denyce Graves and Alan Jackson, who sang "Where Were You," followed solemn observances in New York, Washington and Shanksville, Pennsylvania.

"These past 10 years have shown that America does not give in to fear," Obama said Sunday night.

Thousands gathered earlier at New York's ground zero, site of the World Trade Center, and stood still in silence, some crying as they listened to the names of victims of the attacks read aloud.

4.         Greece Is to Remain in Euro: Sarkozy, Merkel

Bloomberg  Sep 14, 2011

French President Nicolas Sarkozy and German Chancellor Angela Merkel said they are “convinced” Greece will stay in the euro area as they faced international calls to step up efforts in fighting the region’s debt crisis.

The euro rose after the leaders of Europe’s two biggest economies issued a statement yesterday following a telephone conversation with Greek Prime Minister George Papandreou. Papandreou committed to meet deficit-reduction targets demanded as a condition for an international bailout, according to statements from governments in Athens, Berlin and Paris.

The remarks were “a good thing,” said John Doyle, a strategist in Washington at currency-trading firm Tempus Consulting Inc. “They’re just words at this point, but that’s why we’re seeing the euro pop against the dollar.”

European governments are aiming to ratify a July 21 agreement to bolster the euro region’s bailout fund and extend a second rescue to Greece. Investor skittishness over the spread of the debt crisis has raised banks’ funding costs and roiled markets worldwide.

Sarkozy and Merkel “are convinced that the future of Greece is in the euro zone,” the French statement said.