Olympics helps Britain leap out of recession

LONDON (Reuters) - Britain rebounded strongly from recession in the third quarter, posting its strongest quarterly GDP growth in five years, boosted at least in part by robust Olympics spending, official data showed on Thursday.

The jump in growth was subject to a number of temporary factors, including the Olympics, which may mask a weaker underlying picture.

But it was still much better than expected and may mean Britain's full 2012 economy will not be in the red.

The Office for National Statistics said Britain's gross domestic product rose by 1.0 percent between July and September, beating forecasts for a 0.6 percent gain, after shrinking by 0.4 percent between April and June.

On the year, the economy was flat, also better than expected.

The return to growth after three consecutive quarters of contraction was welcome news for a coalition government under pressure to do more to revive the economy.

However, the third quarter rise was boosted by ticket sales for the London Olympics - which the statistics office estimated accounted for a fifth of the quarterly increase - and a rebound from an extra public holiday in the second quarter.

Stripping out those one-off effects, economists said growth in the UK economy was weak and that headwinds from the euro zone were likely to act as a drag in the coming months.

"It was a very good number, but understandably good," said Alan Clarke, economist at Scotiabank, noting the lift from the Olympic ticket sales and what he estimated was about half a percentage point boost from the hit taken by the June extra holiday.

"There's now a good chance the economy won't actually contract on average for this year... It'll probably be flat and, in the context of monetary policy, it reinforces the case for the Bank of England to pause on quantitative easing."

Sterling hit a one-week high versus the dollar and British government bonds extended losses after the data was released.

After falls in unemployment and inflation last week, Chancellor George Osborne said the figures vindicated the government's economic policies.

"There is still a long way to go, but these figures show we are on the right track," Osborne said. "Yesterday's weak data from the euro zone were a reminder that we still face many economic challenges at home and abroad."

CAUTION

Bank of England Governor Mervyn King cautioned on Tuesday that the recovery would remain slow, with threats posed by the euro zone debt crisis and a cooling of the fast-growing economies of India, China and Brazil.

However, two of the nine Bank policymakers struck a note of confidence on the economy in interviews with newspapers.

Paul Fisher and Charlie Bean noted that the central bank's new scheme to get credit flowing through the economy was showing promising signs.

Nevertheless, investors scaled back expectations for another cash boost from the Bank as King said policymakers would think "long and hard" before extending the currently approved 375 billion pounds of quantitative easing bond purchases.

The ONS said the British economy had grown by 0.3 percent so far this year, but was still 3.1 percent below a peak in the first quarter of 2008.

Britain has not fully recovered the output lost during the 2008-2009 slump that has left many Britons worse off and the economy slipped back into recession at the end of last year.

Output in Britain's service sector - which makes up more than three quarters of GDP - rose by 1.3 percent in the third quarter after falling 0.1 percent in the second quarter. That was the strongest quarterly growth since the third quarter of 2007.

Industrial output was 1.1 percent higher, the strongest rise since the second quarter of 2010. Construction - which accounts for less than 7 percent of GDP - contracted by 2.5 percent.

(Editing by Jeremy Gaunt)

Source: http://news.yahoo.com/olympics-helps-britain-leap-recession-091832635--business.html

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Factbox: Obama, Romney positions on energy policy

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2 Comments - Blog - SoloMid.NET - League of Legends Competitive ...

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Source: http://www.solomid.net/blog.php?v=34009

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Don't Preorder Microsoft Surface [Microsoft Surface]

Microsoft's Surface RT tablet is gorgeous. It's innovative. It's without exaggeration the most exciting new gadget to come along in years. And if you buy one today, you're a fool. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/D31-Vq9Gy0w/dont-preorder-microsoft-surface

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New Orleans overnight crime report for Monday, Oct. 15, 2012 ...

This report comes directly from the New Orleans Police Department's Major Offense Log for 6 a.m. Sunday through 6 a.m. Monday.

Armed Robbery with a gun

21:11 Hrs.

S. Lopez/Canal St.

Victims: Three females

Gist: The females were approached by a male who implied a weapon and demanded their purses. The females offered him their cash. The subject fled with $303.00.

Source: http://www.nola.com/crime/index.ssf/2012/10/new_orleans_overnight_crime_re_562.html

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Qs about Dates and Bad Faith - WORLD Law Direct Forums

Quote:

Thanks. I need a clarification regarding surrender. I was told that the 30 day time frame starts on the day the property is vacated. I was told by another source that the surrender occurs when the key is surrendered and the forwarding address is given. We surrendered the keys and gave the forwarding address on the date set by the landlord and not when we vacated . Which one is correct in Texas? The landlord has been communicating via email and has did not use US postal mail to send the letter. Is that an issue also? The lease did not convert to a month to month lease since they had given us a notice in July that it was terminating on aug 31 and would not be renewed.We moved out in Aug as per the lease terms.

Normally, possession is returned the LL when the tenants actually vacate. However, since the tenants retained the keys until asked for them by the LL, they retained access to and possession of the rental unit until those keys were returned. That would make 9/4 the surrender date. That ALSO means that the LL can legally charge rent for the additional days that the tenants retained possession of the rental unit.

As for attorney fees and costs, unless the lease specifically states that the tenant can be charged those costs as a result of any dispute arising from the terms of the lease, then that is NOT something they (LLs) can automatically charge or deduct from the security deposit.

Last, but not least, with regard to the communication between LL and tenant, email is often acceptable, but not always considered effective as legal evidence. The reason that mail is preferred is because you can request signature confirmation of the delivery and receipt of those documents. There are some programs that provide a delivery and read receipt, but the courts still don't always accept them. The whole point here is that there needs to be actual documented confirmation that the communication has taken place, and delivery/read receipts provide this confirmation.

__________________
"If it ain't in writing, it never happened."
"A lack of planning on your part does not constitute an emergency on my part."
"You can never make the same mistake twice, because the second time you make it, it's not a mistake, but a CHOICE."

Source: http://www.worldlawdirect.com/forum/landlord-vs-tenant-issues/66235-qs-about-dates-bad-faith.html

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iPhone 5 Web traffic overtakes Samsung's Galaxy S III in three weeks

Samsung's Galaxy S III, which has been on sale for almost four months, has seen its Web traffic volume beaten by Apple's iPhone 5 after only 18 days.

Research arm Chitika Insights examined millions of mobile ad impressions from its ad network for the seven days between?October 3 and October 9, and found that the Web traffic volume for the newly released iPhone 5 has already overtaken that of the Galaxy S III.

It's important to note that we cannot extrapolate handset numbers from Web traffic volume. It may be that iPhone 5 handsets now outnumber Galaxy S III handsets, or it may be that people browse more on their iPhones, perhaps because the new handset supports high-speed 4G LTE.

However, the new should cause some sleepless nights over at Samsung HQ.

"This latest shift in the mobile ecosystem is not welcome news for Samsung," writes the firm, "which has positioned its device as a direct competitor to the iPhone 5".

It's not surprising that there are?high levels of iPhone 5 Web traffic. Apple sold 5 million handsets over the first three days of the launch weekend, and would have likely sold more if it was not for display shortages putting a kink in the all important supply chain.

Image source:?Chitika Insights.

Source: http://feedproxy.google.com/~r/zdnet/hardware/~3/lZHH3VBx-Ls/

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A Taste (and drink) of Vietnamese Chinatown NYC | The Saucey ...

Last?Friday, 4 lucky Sauceheads joined Toan and myself for a food tour of Vietnamese Chinatown here in New York City. What prompted this good fortune? ?Well, we wanted to show our appreciation for the investments that this awesome group made to our Smallknot campaign back in August.

The itinerary for the night:

6:30 Meet at the Hong Kong Supermarket for a tour of traditional Vietnamese ingredients. ?If that sounds a bit odd to you (Hong Kong supermarket?Vietnamese ingredients) ? it should! ?While HK and Vietnam have little in common food-wise, here in the city, the HK Supermarket is where we go to find the best selection of Vietnamese goods.

7:00 Head over to Cong Ly for a sampling of some typical Vietnamese dishes, drinks, and desserts.

9:00 Grab a drink at nearby bar?Apoth?ke.??No relation to Vietnamese cuisine, but plenty of fun!

Check out the photos below.

Holding class at the HK Supermarket?

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Rows upon rows of Vietnamese sauces?

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And of course?.fish sauce! ?The orange bottle below comes from the same island (Ph? Qu?c)?that the Saucey Sauce Co. imports its fish sauce from.

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After the tour, we headed over to Cong Ly ? where Toan often goes to have an authentic Vietnamese meal.

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Ready to order!

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Look at that spread! ?A few of the dishes we had were Cha Gio?spring rolls, Pho (my favorite!), ?Banh Hoi grilled beef, pork and shrimp with rice vermicelli,?Banh Beo steamed rice cakes?

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A popular drink in Vietnam with sweet basil seeds. ?Or as Toan joked ? tiny tadpoles!

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And some Ch? to end on a sweet note! ?Ch??is a traditional ice dessert popular in Vietnam and other parts of South East Asia. ?Some variations contain coconut milk, beans, and agar jellies.

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And before the night was over, we sat down for a tasty hand crafted cocktail.

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Sound like a fun night? ?You can do it too! ?Just grab some friends, print out the map?here?complete with Saucey Sauce insider tips, and go!

Don?t forget to send us any pictures of your discoveries!

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Source: http://www.getsauceynow.com/2012/10/a-taste-and-drink-of-vietnamese-chinatown-nyc/

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More Poetry Markets | Writing and Publishing News

It has been a busy few days. I received notice that my latest book is here?at least it is on the desk of my publicist at the publishing house. I?ll be announcing it very soon right here and explain how to order your copy. It is Talk Up Your Book, How to Promote Your Book Through Public Speaking, Interviews, signings, Festivals, Conferences and More.

I write a monthly blog for BookBaby. After this month?s post, I began receiving requests by the dozens for my latest freebie, 50 Ways to Promote Your Ebook. I hit 75 requests this morning and they are still coming in.

Also, I received word yesterday that I have been accepted as a speaker and panelist at the prestigious, invitation only book festival event in Tucson in March. That?s my 6th event scheduled for 2013 so far.

More Poetry Links
Per my promise, here are a few more opportunities for poets who want to see their work published. I?ve included a few paying markets AND a directory of over 900 markets for poets. Contact me if you found this useful. PLFry620@yahoo.com

Glassworks literary magazine publishes digitally and in print. They seek poetry, fiction, nonfiction, craft essays, hybrid forms, and new media (photography, video, audio, multi-modal, etc.) for its general issue. They are also accepting work for a themed issue: ?utility and beauty.? General deadline: December 15, 2012. Themed deadline: March 1, 2013. Previously published work considered for themed issue. Read guidelines at http://www.rowanglassworks.org

Astrophil Press, a publisher of literary fiction, non-fiction, poetry, critical, and hybrid works will read submissions from September 1, 2012 through November 30, 2012. There is a $20.00 reading fee, but all work will be thoughtfully considered. Please go to: http://astrophilpress.com/index.php?id=17 for details. Astrophil Press has published critically acclaimed and timeless authors such as: Brian Evenson, Keith Abbott, Ellen Welcker, David Gruber, and Eric Olson. Please stop by our website for complete catalog details.

Trail and Timberline uses poetry related to the Colorado Mountains and they pay $50 per piece. http://www.cmc.org

Boston Review publishes poetry and this is their reading period. Learn more about the type of poetry they want here: http://www.bostonreview.net

The Sun pays $100 to $500 for the poetry they publish. http://www.thesunmagazine.org

And here is the link to 974 markets for poetry. If you write poetry, you really must check this out. http://andromeda.rutgers.edu/~lcrew/pbonline.html

http.www.matilijapress.com
http://www.patriciafry.com

This entry was posted on Friday, October 5th, 2012 at 5:14 am and is filed under Resources. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Source: http://www.matilijapress.com/publishingblog/?p=2278

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