They are orange, mauve and pink, but they also claim to be green. Some of the first homes to be built as a result of John Prescott’s Design for Manufacture competition are on sale this summer at Oxley Woods, Milton Keynes. The competition was to design homes to be built for less than 60,000 but that would still meet various space and environmental criteria. They are being built by George Wimpey, one of the winning developers, with the designs by Rogers Stirk Harbour and Partners architects....
Euroвs Rise due to Optimism?
July 25th, 2007
The Euros rise against the USD over the last year has been swift and unimpeded. Many commentators have theorized that it is intense pessimism surrounding the US economy and economic conditions-namely the burgeoning twin deficits-that is responsible for the Dollars demise. Now, a new theory is being batted around, one that is quickly gaining traction with analysts: perhaps it is optimism directed towards the EU economy rather than pessimism towards the US that is causing the Euro to spike. After all, the European economy has rebounded nicely and boasts stable monetary and trade statistics. However, this notion of European optimism, if it in fact exists, has some analysts worried that the markets are becoming too optimistic, and that if they are not careful, they will end up wrecking the European economy by driving up the Euro too high. The Times Online reports:
If the euro keeps rising without limit, Europes export industries will be decimated, as they were not only in Britain, but also in America in the mid-1980s and also in Japan after 1995.
Read More: «business.timesonline.co.uk»
« Best Buy Announces $5.5 Billion Stock Buyback
MINNEAPOLIS— has announced a new five-point-five (b) billion dollar stock buyback program, a dividend increase and plans to add 400 stores to its North American operations. The moves by the nation’s largest consumer electronics retailer come a week after Best Buy reported disappointing first quarter earnings and revised its profit forecast for fiscal 2008 downward in light of a general slowdown in the economy. Best Buy says it will use part of the new buyback to repurchase three...