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'2009'에 해당되는 글 16건
- 2009.02.10 Fashion Review 2009
- 2009.02.10 Style Preview
- 2009.02.10 Runway Optimism 1
- 2009.02.10 Big Bend Theory
- 2009.01.08 Report Places 2009 Budget Deficit at $1.2 Trillion
- 2009.01.06 A Terrible Time For Carmakers
- 2008.12.03 Double Digit Returns From Stocks And Bonds?
- 2008.11.27 Yves Saint Laurent Resort
- 2008.11.23 Russia Gazprom: no gas for Ukraine without contract
- 2008.11.17 2009's Most Fuel-Efficient Vehicles
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It was all about the mash-up at the 51st annual Grammy Awards: Justin Timberlake and Al Green and Keith Urban; the Jonas Brothers and Stevie Wonder; Radiohead and the USC Trojan Marching Band. Fashionwise, the story was much the same. To perform her prizewinning single, "Last Name," Carrie Underwood sported a getup that was Loretta Lynn up top, Madonna on the bottom. (Her quads, by the way, could give Madge a run for her money.) Accepting the first of three awards for the band, this one for Song of the Year, Coldplay's Will Champion gave a shout-out to Sir Paul McCartney, who was seated a few feet away: "Thank you, and sorry for blatantly recycling the Sergeant Pepper outfits—sorry, boss." And after walking the red carpet in a Bollywood-bright Manish Arora dress with sneakers, mommy-to-be M.I.A. took the stage wearing a sheer House of Holland outfit that showed off her full-term belly in all its glory. Backing her up was the "Rap Pack": Kanye West, Jay-Z, T.I., and Lil Wayne. But the pairing that will really have the fashion world talking? That would be Best New Artist winner Adele and her date, Vogue's Hamish Bowles.
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Members of the House of Representatives of the 111th Congress, accompanied by family members and guests, are sworn in in the House Chamber on Capitol Hill in Washington. (AP Photo/Pablo Martinez Monsivais) (Pablo Martinez Monsivais - AP)
Slowing tax revenues and a historic bailout of the U.S. financial system will drive the annual budget deficit to nearly $1.2 trillion this year, even without the massive economic stimulus package now under review by Congress, the Congressional Budget Office reported this morning.
The CBO also projected that the deficit would hit $703 billion in the fiscal year that starts in October.
In a news conference in Washington, President-elect Barack Obama warned that "the deficit we are inheriting" this year is bound to grow beyond $1.2 trillion.
"We know that our recovery and reinvestment plan will necessarily add more," he said. "My own economic and budget team projects that unless we take decisive action, even after our economy pulls out of its slide, trillion-dollar deficits will be a reality for years to come."
Obama said his team is still consulting with members of Congress about the size of the stimulus package.
"We expect that it will be on the high end of our estimates, but will not be as high as some economists have recommended, because of the constraints and concerns we have about the existing deficit," he said. Obama's advisers have put the package in the range of $675 billion to $775 billion, but some economists have said it should be between $800 billion and $1.3 trillion.
Democratic leaders in Congress described today's deficit announcement as stunning and warned of exploding debt in the future. But they said Congress must nevertheless pass a stimulus package quickly.
The CBO budget outlook provides the first official estimate of how rampant federal spending aimed at stabilizing markets and reviving the economy have affected the government's finances. The picture is grim: the numbers for both this year and fiscal 2010 represent deficits far larger than anything ever recorded in dollar terms. This year's figure represents 8.3 percent of the nation's gross domestic product -- the largest percentage of the nation's economic activity since the end of World War II in 1945.
However, the new deficit figures substantially understate the expected size of the budget gap. If Congress approves Obama's request for nearly $800 billion in spending and tax cuts to pull the nation out of recession, this year's deficit could easily soar to $1.6 trillion or more.
The deficit projections include a 6.6 percent drop in tax collections this year, down $166 billion from 2008. They also include $180 billion in costs for the Troubled Assets Relief Program, last year's effort to shore up the U.S. financial sector, as well as $240 billion to incorporate the federal bailouts of Fannie Mae and Freddie Mac into the U.S. budget.
The projected deficit for 2010, meanwhile, excludes not only stimulus costs, but also spending for the wars in Iraq and Afghanistan and a variety of expensive tax cuts that are extended annually, including relief for millions of families from the alternative minimum tax. It also excludes any new spending on Obama initiatives, such as health care reform.
Obama faces the twin challenges of managing the deficit, the annual gap between tax revenues and spending, and the swelling national debt, the amount of money that the government has borrowed to finance years of deficits. His task is made all the more difficult because new spending is widely viewed as the best way to pull the nation out of the recession. While Obama has declined to say how he intends to deal with such challenges, an economic adviser said yesterday that the president-elect plans to unveil "major initiatives" designed to eventually bring the deficit under control as part of his first budget proposal, which he will submit to Congress next month.
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Automakers finish 2008 on a bleak note. Expect 2009 to be worse.
When a bailout from the government is the best thing that's happened to your industry all year, you know there's a problem. For the car business, it may be the only good news for a while.
General Motors
With an economy that's expected to get worse before it gets better, many analysts see carmakers having an even tougher time of it in 2009. Some see sales plunging to 10 million units or fewer--nearly double the percentage drop of 2008.
GM and Chrysler, each of which just pocketed the first installment of its combined $17.4 billion emergency government loan, saw December sales drop 31% and 53%, respectively. Neither has the luxury of putting its government money to use building brand strength, making factory improvements or any other long-term initiative. Times are too dire for that.
"The money is just to stay alive for the next few weeks," says Jesse Toprak, an analyst at Edmunds.com.
Other depressing sales reports from December: a 32% drop at Ford, 37% at Toyota and 35% at Honda. To make matters worse, in order to push cars off the lots, five of the six major U.S. and Japanese automakers increased incentive spending from November, according to Edmunds.com, with Ford setting a monthly record of over $4,000 per vehicle.
Only Toyota kept incentive spending flat from November, though the $1,995 it spent per vehicle was still almost twice the rate in December 2007.
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The Forbes.com Investor Team tries to build a portfolio that will rebound strongly in 2009.
Yes, it's true. Investments can appreciate. Even as the S&P fell on Monday, the Forbes.com Investor Team happened on an asset allocation model that they hope yields double-digit returns over one and (annualized) over five years. No promises here, of course, but it is nice to hear investment strategists talk about growth again.
Dr. Bob Froehlich, chief investment strategist at DWS (Deutsche Bank's
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MOSCOW, Nov 22 (Reuters) - Russia's gas firm Gazprom wwould like to avoid supply cuts to Ukraine in 2009 but will not continue deliveries without a new contract, Gazprom's spokesman Sergei Kupriyanov said on Saturday.
Russia has often threatened to cut gas supplies during pricing disputes with Ukraine and has fulfilled the threat in early 2006, briefly halting supplies to Europe, 80 percent of which go via Ukrainian territory.
Gazprom said on Thursday Ukraine must repay a $2.4 billion gas debt before new supply contracts are signed, raising fears the two sides face another battle in their gas war.
"We would like to avoid such a scenario (this time). We have time to reach an agreement before the new year but as you understand we cannot supply gas without a contract," Kupriyanov told Vesti 24 television channel.
Ukraine's state energy firm Naftogaz said its debt to RosUkrEnergo, a Russian-Ukraine intermediary gas trader, co-owned by Gazprom, amounts to only $1.27 billion.
Kupriyanov said the Ukrainian side counted only Sept-Oct debt while Gazprom included November debt as well as penalties. He denied there were major differences in the overall debt estimates.
"Everybody understands pretty well who owes to whom and how much," Kupriyanov said.
Ukraine and Russia are engaged in talks on a 2009 price for gas, currently set at $179.50 per 1,000 cubic metres. Kupriyanov said a market price for 2009 gas deliveries was $400 per 1,000 cubic metres.
GAS BURNING IN FURNACES A memorandum signed in October by Prime Ministers Vladimir Putin and Yulia Tymoshenko sees a gradual transition to market pricing and direct supplies without intermediaries such as RosUkrEnergo. Kupriyanov said direct supplies as well as lower gas prices for Ukraine in 2009 were only possible if other conditions set out in the memorandum, such as debt redemption in full, were met. He said Russia would not discount for the global crisis. "If Ukraine's consumption drops, our deliveries will fall as well but it is not happening. Gas is burning in furnaces of Ukraine's economy as it had been before, therefore the crisis has nothing to do with it," Kupriyanov said. Gazprom supplies a quarter of Europe's gas needs and sends one fifth of its total exports via Belarus with the rest going via Ukraine, giving both countries extra leverage over the firm in pricing disputes. Kupriyanov said Gazprom's financial standing was sound, debt portfolio "healthy" with the share of short term loans only 14 percent, while a revision of the capital investment plan will not concern priority projects such as the Nord Stream pipeline. "We can talk about not receiving some of expected profit (from domestic operations). The demand is falling, warm weather in November has also played a role," Kupriyanov said. He said the firm was in intense talks with Belarus and Moldova to switch to rouble payments. Gazprom supplied 15.32 bcm of gas to Belarus at $128 per tcm in Jan-Sept 2008 and 1.9 bcm to Moldova. With the Russian rouble under depreciation pressure as a result of falling prices for oil, Russia's main export commodity, Russia is seeking to boost international demand for roubles from its ex-Soviet neighbours. "The rouble is the most reliable currency. Our expenditure is also in roubles. Matching our revenues and expenses is a reasonable thing," Kupriyanov said. He added that the transition will require changes to contracts with Belarus and Moldova. He said Russia was not yet talking about switching to roubles with Ukraine but it was "theoretically possible". (Reporting by Gleb Bryanski, Editing by Peter Blackburn)
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Gas prices are still well above $2 a gallon across most of the country and, with the economy hurting, fuel efficiency should be a determining factor for any car buyer. It's only natural that consumers would first consider Japanese cars, with their proven track record for delivering high gas mileage.
"Honda, over the breadth of its line and history, has generally led in fuel mileage," says Karl Brauer, editor-in-chief of Edmunds.com. "Toyota has done well, too."
Actually, it's the German manufacturers that are leading the most market segments in terms of fuel efficiency on 2009 models. Across the new model year, six from Daimler AG and Volkswagen AG (other-otc: VLKAF.PK - news - people ) rank among the most fuel-efficient, beating every new model in five classes and tying in one. Japanese models placed at the top of only one category (but tied in two); one South Korean model was the best in its category, and one category and one tie went to American cars.
Behind The Numbers
To find the most fuel-efficient cars of 2009, we looked at each model's
combined city and highway gas mileage provided by Environmental
Protection Agency site fueleconomy.gov
(or Edmunds.com, if the EPA didn't yet have the information), and
checked those findings against the manufacturers' gas-mileage claims.
The figures were compared in 10 market segments, with the best in each
making our list. In the case of a tie, both vehicles are included.
Of no surprise is the presence of the popular Toyota Prius, which gets an EPA combined fuel economy
of 46 mpg. The only vehicle that approaches its gas mileage is the
Honda Civic hybrid, which delivers a highly respectable 42 mpg.
Where the German automakers top vehicle segments, most interestingly, is with diesel models: The Volkswagen Jetta TDI tops the hatchback class, while the Mercedes-Benz E320 Bluetec is the most fuel-efficient luxury sedan.
"Diesel
models feature simpler engine design, less energy lost to heat and a
more efficient way to utilize fuel," says Brauer. "They're poised for
more success today because of the price of fuel, because of clean
diesel technology, and because diesel models are great to drive. There
has been a huge stigma on diesel from the past, but the truth is that
if you put anyone into a modern diesel vehicle, they'll have to
redefine their perspective of what diesels are like."
Hyundai Elantra (Family Sedan)
Base MSRP: $15,120
Gas Mileage: 28 (25 city, 33 highway)
Horsepower: 138
For more Forbes.com autos coverage, see:
Best Hybrids For The Buck
Ten Diesel Cars We'll Soon Be Driving
Most Fuel-Efficient American Cars
Tie: Audi A4 (Upscale Sedan)
Base MSRP: $30,700
Gas Mileage: 25 mpg
Horsepower: 211
For more Forbes.com autos coverage, see:
Best Hybrids For The Buck
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