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Better times inflame fear of inflation

C anada's economy produced a full month of better-than-expected economic data, helping to crank up inflationary pressure beyond expectations in February and put the Bank of Canada in the uncomfortable position of possibly breaking its pledge on interest rates.

Following the release of key inflation and retail sales data Friday from Statistics Canada, at least one Bay Street economics team revised silver jewelry upward its growth forecast for the first quarter by a full percentage point, and indicated more positive revisions could be in the offing.

The data, however, failed to power the Canadian dollar's march to parity with its U.S. counterpart -- although the loonie nonetheless made big gains Friday against the world's other major currencies, as it set a three-decade high against the British pound and a 28-month high against the euro.

In all, Friday's developments suggest the Canadian economy is roaring back at a pace that might be setting off warning bells at the Bank of Canada, which had conditionally pledged to keep its benchmark rate at 0.25 per cent until July to get the economy back on track.

"There is simply no mistaking that growth and inflation have more underlying power than even the most strident optimist would have believed just a few short months ago," said Douglas Porter, deputy chief economist at BMO Capital Markets, which accordingly upgraded its first-quarter GDP forecast for Canada Friday to 4.7 per cent expansion, from its previous 3.7 per cent expectation.

Retail sales was the last piece of data to emerge from January, and with that Porter said Canada produced an "unbelievable" full month of better-than-anticipated economic data. For the record, retail sales jumped 0.7 per cent in January, above the 0.6 per cent consensus.

However, when autos are excluded, sales jewelry set wholesale surged 1.8 per cent, or the biggest one-month gains since late 2007. This was due, in part, to a 7.4 per cent increase in sales at outdoor supply stores, as households rushed to buy building supplies before the one-time federal home renovation tax expired on Feb. 1.

Meanwhile, all eyes were on February inflation data, which proved to be equally robust, with the core rate -- watched closely by the freshwater pearl brooches Bank of Canada -- posting a surge beyond the key two per cent threshold.

Statistics Canada core inflation, which strips out volatile-priced items such as food and energy, advanced 2.1 per cent year-over-y ear in February, whereas

analysts anticipated a 1.7 per cent year-over-year increase.

The Bank of Canada's last economic outlook, tabled in January, envisaged core inflation to average 1.6 per cent in the first quarter and 1.7 per cent in the second quarter. The central bank's pledge on rates was conditional on its inflation outlook unfolding as anticipated.

"The Bank of Canada has all the evidence it needs to convince itself it doesn't need emergency policy measures anymore," said Andrew Pyle, wealth adviser and markets commentator with Scotia- McLeod. "I think (the data) tells you the economy is firing on a lot of cylinders."

The inflation data come with a caveat, as the  shell pearl strands  Vancouver Olympics drove up prices in some key areas, notably travel and lodging.

"I continue to believe the bank will wait until July, but they must be getting incredibly uncomfortable with that long of a wait," Porter said.

Mark Carney, the Bank of Canada governor, might coral bracelet shed further light on the central bank's outlook in a speech in Ottawa this coming Wednesday.
© Copyright (c) The Calgary Herald
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Fire sends seven to hospital

WINNIPEG -- Seven people, including three  akoya pearl bracelet  children, were sent to hospital after a house fire in North Point Douglas on Sunday morning.

The fire department was alerted to the blaze after someone in the neighbourhood saw smoke coming from the upper floor of the 1 1/2-storey home earrings accessories at 89 Granville St. about 10 a.m.

The four adults and three children gemstone strand who were in the home when the fire started had all escaped the home by the time emergency crews arrived.

The fire was quickly brought under control but four adults and two children were taken to Health Sciences Centre in stable condition. One child was transported by ambulance in unstable condition.

A fire department spokesman said the shell jewelry wholesale blaze appears to have been sparked on the second floor of the single-family dwelling. The cause of the blaze is under investigation but the fire department estimated damage to the structure and contents of the home at $200,000.

What appeared to be a piggy bank remained in the driveway of the bridal hair jewelry house next to a burned mattress and boxspring after firefighters had brought the blaze under control.
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Anti-racism rally sees minor clashes

O ne man was arrested Sunday as hundreds of anti-racist activists gathered at City Hall to rally against intolerance in Calgary.

Tensions rose as a handful of white  pink pearl strand  supremacists crashed the rally, but apart from some verbal scrapping, the scuffles remained fairly minor, police said.

A 29-year-old man was charged with assault with a weapon after a person was hit with a skateboard, while a 37-year-old man faces a bylaw charge for throwing a rock. No one was injured.

Last year, a similar rally marking the International Day to End Racism quickly erupted in violence as the anti-racists and white supremacists confronted each other on a march through downtown Calgary.

There was a heavy police  5-6mm pearl necklace  presence throughout Sunday's demonstration.

Rally organizer Bonnie Devine said the dearth of neo-Nazi protesters this year allowed the anti-racist group to focus on a celebration of tolerance.

"This year, we can celebrate it for what it is instead of confrontations on the street," said Devine, whose home was sprayed with racist vandalism a number of times last year. "It's a good thing for Calgarians to know neo-Nazis aren't marching on their streets."

Police Insp. Kevan Stuart wouldn't say how many officers were on hand, but noted that some were redeployed downtown from other areas.

"Based on last year's experience, we were expecting perhaps confrontation," Stuart said.

"I think things went very well."

It's the third year the anti-racism rally has been pink pearl ring held. Over the past few years, some fledgling neo-Nazi groups have found a footing in Calgary, prompting a backlash from anti-racists.

As in the previous demonstrations, many of the anti-racist activists wore masks to hide their identities, claiming they were afraid of retaliation.

Damon Lovelace, 17, said he was proud to rally against racism.

"We don't stand for that in our city," he said. "We're not here to do anything except to say what we stand for."

On Sunday, retired Mount Royal University instructor Rick Collier, who spoke at the rally, said although the neo-Nazi groups seem to be, for the most part, "disbanded and chased out of town," it's still important to speak out against them.

"It kind of helps people know that there's not a monolithic ignorance about all this. I think that's important," Collier said. "It's all symbolic, but symbols are very important."

A few minor clashes interrupted the silver pearl jewelry rally.

One woman sporting white supremacist symbols was escorted away by police after a shouting match between her and anti-racists.

Another man, Layton Bertsch, showed up with a friend to celebrate his "Caucasian pride."

He said he wasn't affiliated with any particular group, though he's spent time with members of the white supremacist group Aryan Guard to observe it.

"Let us believe preferential superiority is a natural thing and let it be accepted," said Bertsch, reading from a prepared statement. "Let us form tribal and cultural bonds with those we choose freely."

Bertsch, who was loudly confronted by the anti-racist activists, said he simply wanted to show his support for his heritage.

"I don't think I'm better than other groups. We're not racists," he said.

"I respect other groups, and all we want is the jewelry mounting sets same courtesy."

The 29-year old man who was hit by the skateboard said he was behind a pole taking photos of a man who pulled off his shirt to reveal white supremacist tattoos when the man hit him with a skateboard.

"I'm not hurt, just shaken," said the activist, who asked his name not be published.

jkomarnicki@theherald. canwest.com

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Hundreds flee Iceland volcano eruption

celand's first volcanic eruption in shell jewelry wholesale  six years sent lava and ashes into the air, forcing hundreds to flee their homes and halting flights, but caused no damage or casualties.

Smoke could be seen rising from behind  black saltwater pearl Eyjafjallajoekull glacier and volcanic ash filled the sky after the eruption that began around midnight Sunday, following three weeks of localized earthquakes. The eruption occurred in a remotely populated area about 125 kilometres east of Iceland's capital Reykjavik  pendant fittings and caused 600 people to flee their homes. It also brought to a halt all flights into and out of the Nordic island nation, though they resumed with serious delays midday Sunday, while domestic traffic started up again late in the afternoon. The risk of floods posed by melting glacial ice prompted the  akoya pearl bracelet  authorities to declare a state of emergency and evacuate the area.

It was the first volcanic eruption in Iceland since 2004, and the first in the vicinity of Eyjafjallajoekull, in the necklace jewelry sets  south of the island, since 1823.
© Copyright (c) The Calgary Herald


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Take $787 Billion. Now Show Where It’s Going.

Among other things, he criticizes the font used for “New York” and “New Haven” as “weak in distinguishing between two directions”; he notes that the information flows over three columns, requiring the reader’s eye to move up and down; he counts 41 inches of lines that “segregate what should be together”; and, finally, he questions the use of the letter E to mean “express,” since it could mean “economy,” too.

He didn’t discuss whether the schedule caused paper cuts, but little else escaped his scrutiny.

It was just announced that Mr. Tufte cheap pearl earrings (pronounced tuff-TEE) would be going to Washington. Though often cast as a free-floating information guru, Mr. Tufte has a highly specific mission: on March 5, he was appointed by President Obama to a panel to advise the Recovery Accountability and Transparency Board, which monitors the way the $787 billion in the stimulus package is being spent.

It’s hard to know under these circumstances exactly whom should be offered “good luck” wishes.

“I’m not naïve about it, but I’m enthusiastic and hopeful,” Mr. Tufte said in a telephone interview. “The only way to find out if the cynical view of Washington is right is by doing it.”

Rather than define himself on the conservative-liberal political continuum, Mr. Tufte, a professor emeritus of political science, statistics and computer science at Yale, said that he longed for cause-and-effect reasoning to take hold in Washington.

“Political practice today too often skips right by evidence,” he said by e-mail. “When I listen to True Believers (left or right) talk about the problems that governments are seeking to solve, I keep muttering to myself, ‘How boring, it’s more complicated than that.’ And those who best know that it’s more complicated than that are public servants.”

The board has two missions: to root out waste, fraud and abuse in spending and to inform the American public how the stimulus money is being spent. The group is better suited to the task of eliminating waste, fraud and abuse, said Earl Devaney, the head of the board, who is a veteran inspector general of the Interior Department and whose 12 colleagues on the board are current inspectors general. The advisory panel, and particularly Mr. Tufte, will black pearl beads mainly contribute on issues of transparency, he said.

“It had been a nontransparent ride for me — being in Washington for 37 years,” Mr. Devaney said. “It is not only a new word, but a new way of doing business. Every dollar of the $787 billion theoretically can be tracked. This helps the American people follow the money from cradle to grave.”



The Web site recovery.gov is the primary way the board will conduct business transparently, Mr. Devaney said, and Mr. Tufte was acting design pearl necklace as an informal adviser even before his appointment.

“I remember the first meeting. We brought in designs for the Web site. He called it ‘intellectually impoverished,’ ” Mr. Devaney said. “It was a classic Ed Tufte phrase — jaws dropped. I agreed with him but hadn’t said anything. I suspect he still has reservations about some of the Web sites.”

In an e-mail message, Mr. Tufte recalled the meeting and said that generally his advice had been to add more information to the site so that a visitor could see things in context. “It shouldn’t look like a government Web site, and it shouldn’t look like a corporate Web site,” he said. “This is a reporting thing — about factual, credible reporting.”

For example, he said, it would be better to allow a user to enter a ZIP code, as the site now allows, to look at projects that have received money, as opposed to using the cruder statewide or Congressional district boundaries.

“It’s gone from a C+ to a B+,” he wrote in an e-mail message. “And B+ is a pretty good grade for government Web sites.”

Officials and the public have often put their hopes in some acute, technocratic outsider to cut through the Washington fog. A favorite example is when the Nobel Prize-winning physicist Richard Feynman offered an impromptu demonstration of the flaws in the O-ring that led to the explosion of the Challenger space shuttle. It was a staid meeting of the commission reviewing the crash, and with a clamp, he dipped part of an O-ring in a glass of ice water to show how it lost its resilience in the cold.

Of course, insight rarely comes that easily. Mr. Tufte devotes a section of one of his books to explaining how clearer graphics could have persuaded NASA officials to postpone the takeoff because of cold weather. One of his conclusions is that presentations shell ring before the explosion, and even after, were too simplified. For simplicity, information was left out about the many missions during warmer weather that were uneventful. But the absence of that information meant that it was easy to overlook the larger pattern, that cold weather was dangerous to the O-ring.

In an interview, Mr. Tufte emphasized the need to enlist “the clarity of intense information.”



That’s the thing about transparency: you know gemstone pendant it when you don’t see it. It some cases, it can mean more information. But other times, the reader can be overwhelmed by too much irrelevant information or, in one of Mr. Tufte’s favorite terms, “chartjunk.”

To that end, among the most transparent things that the site recovery.gov can do is offer its information in a way that allows unaffiliated sites to place the material in context.

Jerry Brito, a senior research fellow at George Mason University, has been monitoring the stimulus at his site, stimuluswatch.org.

“What we want is the raw data. We don’t need a beautiful site,” Mr. Brito said.

In fact, he says that recovery.gov is too flashy and too crowded, and uses maps too much instead of simple tables. “Tufte can do a lot of good here,” he said. “There is a lot of low-hanging fruit.”

Ever the statistician, Mr. Tufte, whose first official meeting in the capital will be in mid-April, quantified his optimism: “Chances are 7 in 10 that I can significantly improve the presentation on accountability and transparency of stimulus money. Three in 10 that there would be a broader change in transparency in Washington.”
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Regional defeat rings alarm, not death bell for France's ruling right

PARIS, March 21 (Xinhua) -- France's regional election ended Sunday night, with initial results showing the ruling UMP party has lost all but one of 22 regions to the left wing in metropolitan France.

The result was widely considered a loud alarm of public rejection of the current central administration.

The Socialist-led left-wing hailed the victory "unprecedented," but it is still hard to tell to what extent the left unity can use the strong local base to bring out a credible candidate to challenge the ruling right in the 2012 presidential vote.

DEFEAT -- REFLECTION OF PUBLIC DISAPPOINTMENT

During the last poll before the presidential pearl strand election, left-wing parties have won 54.3 percent of the vote, against 36.1 percent for the ruling UMP party and 8.7 percent for the far-right National Front, according to OpinionWay polling institute.

The Greens party, known as Europe Ecologie, garnered 12.18 percent of votes in the first round, taking a third place only after the leading Socialist and ruling UMP.

As the emerging political power promoted by last year's European election, the Greens has agreed to ally with the Socialist in the second round.

Public disappointment with the pearl beads ruling party was understandable as the country's unemployment rate hit 10 percent, the highest in a decade, and the public deficit was expected to reach 8.2 percent of GDP in 2010.

As Stephane Rozes, a political analyst, told France 24 TV Station in a recent interview that the current economic difficulties challenging the ruling party loose pearl played into the hands of the left wing, which was considered better at addressing local needs.

REFORM OR NO REFORM, QUESTIONS FOR SARKOZY

Ambitious on pushing forward national reforms on retirement, education and carbon tax, President Nicolas Sarkozy is facing increasing obstacles and declining approval rate.

Weeks before the election, he announced a freshwater pearl strand pause in his reform plan in 2011. Days before the election, he ruled out a large-scale cabinet reshuffle.

However, as the runoff went on, it is hard for the ruling party to ignore the historical low turnout rate and great power of the opposition.
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Violence scaring off American tourists in Tijuana

For more on this story, watch "American Morning" from 7 to 9 a.m. ET.

Tijuana, Mexico (CNN) -- On Tijuana's Avenue de la Revolucion, street vendor and sidewalk philosopher Juan Ramon Rocha leaned on his coin and jewelry cart and waited.

But the tourists from across the border never pearl bracelet  rushed into the streets of T.J., as it's often called.

Rocha made one sale, to a local resident, in an hour.

"The business, you can see for yourself, it went down 95 percent," he said. "Please tell them, the Americans, it's safe to come here. We are all Americanos, North Americanos. Do you see any problems here?"

A few yards away, there was a donkey painted like a zebra, hitched to a cart full of sombreros, a Tijuana photo opportunity. But no pearl earrings smiling tourists stepped into the picture frame.

Visitors have been scared off because at least 18,000 people have been killed in Mexico since President Felipe Calderon dispatched the army to fight the drug cartels in December 2006.

Tijuana's grisliest murders include decapitations, dismemberments, dozens of police killings and the deaths of three teenagers at school.

Fear of Tijuana's streets seeps deep into California.

As groups of 240 students from Westmont College near Santa Barbara, California, drove down the coast to do missionary work in Ensenada, Mexico, none ventured to pearl pendant Tijuana.

The missionaries doing spring break volunteer projects in poor neighborhoods were given a simple edict: Do not stop in T.J.

Hanna Walker kneeled, pounding nails into shingles, on a rooftop of a small house taking shape on a dirt road high above Ensenada.

"To be honest, I was a tiny bit nervous crossing the border," Walker said. "I've been to Mexico before, but not for service projects. But now that I have been here [Ensenada] a couple days, I am perfectly comfortable."

The Westmont students are taking precautions as part of their annual Potter's Clay missionary work.

"We are staying in a group," Walker explained. "We are making sure that I am with someone all the time. When we went downtown for dinner, we just paired up and walked around in twos, the buddy system. We locked cars. We're just being smart about it."

Ensenada welcomes any business it can get, as its tourism trade has also been choked off by concerns about border violence.

Fortunately, cruise ships still dock in  akoya pearl necklace Ensenada's Bahia de Los Santos, a daily divine arrival that spills cash-carrying tourists onto shore.

But we saw just two visitors who said they drove over the border to visit Ensenada. All the other beer-carrying, trinket-buying tourists came from the ship.

"People are afraid of driving by Tijuana," said Papas and Beer manager Cesar Marquez. "That's what's hurting us [Ensenada] the most."

Later, in Tijuana, as the shadows pearl strand  stretched out with the dropping sun, we were approached by a man with an outdated nylon jacket. His cheeks were chipped by acne scars.

The camera was far out of sight.

"I can help you find whatever you need," he said.

"What do you want? I help people find the good clubs and get dates and more. You pay me."

We told him we were journalists on a story and not pearl beads interested.

"Oh then pay me, and I will tell you a lot for your story, about everything that goes on here," the hustler said.

Everything -- did he mean drugs or guns, or both?

We had no intent to find out, kept to our tight travel schedule and drove out of Tijuana to a border crossing just several cars deep.

More than five years ago, that vehicle line extended so far back into Mexico, a re-entry at San Ysidro, California, could take hours.

We zipped through the checkpoint in 10 minutes, another sign that Mexico's border violence is frightening off American tourists.
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