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The Hynix-Micron deal has ushered in a whole new phase of negotiations and future settlements. As reports has it that the U.S. chipmaker has demanded new loans and tax holidays on its proposed acquisition of Hynix plants, more and more Korean observers have been calling for the Korean chipmaker to stand on its own feet.
Officials of the Hynix creditor group said the proposal to let Hynix survive is not at all feasible,[link widoczny dla zalogowanych], as creditors will have to provide an additional several trillion won of new funds to the company. The officials said Hynix creditors will continue to seek ways to sell off the company to Micron.
The company held a Board of Directors meeting Monday, and the board members decided to seriously analyze the possibility of keeping the company afloat on the condition that the creditors continue to supply rescue funds.
In other words,[link widoczny dla zalogowanych], the company will strive to stand on its own feet once creditors move ahead and write off a substantial portion of the outstanding debt and also supply new operational funds.
As if supporting the proposal for Hynix's survival, Minister Shin Kook-hwan of the Ministry of Commerce, Industry and Energy continued to claim that the ailing chipmaker could survive. The minister told reporters that Hynix would not definitely go belly up,[link widoczny dla zalogowanych], even if the whole Hynix-Micron deal ruptures.
The minister also said that he understands that ways to put Hynix back to normal and commission the management of the company to a new owner have been considered.
There are two major reasons for the calls for keeping Hynix independent. One is that many Korean analysts pointed out that the selling price of Hynix to Micron would be the lowest possible price when the creditors honor all of Micron's claims being attached to its proposed acquisition of Hynix plants,[link widoczny dla zalogowanych].
One securities analyst said the real price tag for Hynix would boil down to U,[link widoczny dla zalogowanych].S.$1 billion when all the prerequisites of Micron have been met,[link widoczny dla zalogowanych].
The other reason is that the global memory chip prices have been edging upward. On Nov. 1 last year, the price of 128-Megadram chips fell below U.S.$1, but the price rose rapidly to U.S.$3.5 to 3.7. As the price has been rising, Hynix is expected to generate a small portion of operation profits as its production costs spends on par with the recent chip price.
A major bottleneck for keeping Hynix at its own feet is the creditor's reluctance,[link widoczny dla zalogowanych]. Creditors are expected to pump in W1 trillion in fresh operational funds into the company if they want to have Hynix survive the crisis on top of writing off a substantial portion of debts.
As of the end of last year, the total Hynix debts amounted to W10.9 trillion and of the total debts W6.7 trillion were loans which accrue interest. An executive at a Hynix creditor bank said his bank will definitely not extend any new loan to the company,[link widoczny dla zalogowanych], instead,[link widoczny dla zalogowanych], he demanded that creditors continue their talks with Micron.
Meanwhile,[link widoczny dla zalogowanych], the Hynix creditors held a plenary meeting at the head office of the Korea Exchange Bank,[link widoczny dla zalogowanych], the largest creditor of the company.
Sources of the creditors said the present banks preferred moving ahead with negotiations with the chipmaker than seeking out measures to keep the company afloat.
(Cho Hyung-rae,[link widoczny dla zalogowanych], [link widoczny dla zalogowanych])
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Also attending will be Professor of English and Creative Writing at the University of California, poet Gary Snyder, a Pulitzer Prize for Poetry winner in 1974, and English novelist Margaret Drabble.

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in the evening, the Yanan police found the vehicle in a downtown hotel hospital, but the driver had fled. As of press time, police still in the driver arrested. At present, 3 of the injured were still in the hospital for treatment,[link widoczny dla zalogowanych], but no life danger.
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according to the Yanan city traffic police brigade brigade chief Niu Baodong introduced, the Cadillac car license plate number for the JES777, the value of more than one million. "When the vehicle speed is retrograde, the presence of traffic safety greatly the traffic police on duty, we ordered its timely interception."
March 29th afternoon,[link widoczny dla zalogowanych], a Cadillac sedan in Yanan downtown retrograde hurricane, 3 traffic police on duty was ordered to intercept, crazy car first hit a taxi after the 3 law enforcement police knocked, and accelerated escape. At present,[link widoczny dla zalogowanych], 3 of the injured were still in the hospital for treatment, the driver is still in the hunt.
in a stalemate after about a minute,[link widoczny dla zalogowanych], he suddenly step on the accelerator, we rushed toward, fortunately we hide quickly, avoid a head-on collision, but are hung down to the ground." 3 law enforcement police after being knocked down, the vehicle quickly fled the scene of the accident.
(text / chart reporter Zhou Peng trainee reporter thunder)
witnesses Li Xinmin, around 17 pm the same day, he in Dongguan at bus stop, bus 19,[link widoczny dla zalogowanych], saw a Cadillac sedan speed retrograde. "The speed very quickly, frighten the vehicles and pedestrians have escape." Li Xinmin said. "When we all cried, retrograde car hit a taxi after being forced to stop. After the traffic police to see the scene,[link widoczny dla zalogowanych], the car suddenly accelerated, 3 law enforcement police knocked down after the escape."
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Koreans must have been born to parents who stayed abroad more than six months studying or working for Korean companies to be given dual citizenship, according to new citizenship guidelines released by the Justice Ministry on Sunday.

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One popular theory is that corporate earnings in the aggregate should constitute roughly a constant percentage of GDP over the long run and, therefore, dividends will rise along with economic growth thus producing higher stock returns in faster growing economies (note: historical data does not appear to support this idea).
In other words, it is primarily risk that determines long-term stock returns, or the returns on any investment asset (not the growth rate of the economy). Some investment advisors recommend investing in fast-growing economies with the expectation of superior returns, but historically that strategy has not generally succeeded.
Following this logic, asset allocation would be a straightforward process of favoring high growth regions and countries of the world at the expense of the slow growth areas. For example, economists generally agree that the long-run growth potential of Asia is higher than either the United States or Europe. Is getting higher returns on our portfolios as easy as overweight Asian countries since the expected economic growth rate of the region is so much higher than both U.S. and Europe?
Simply put,[link widoczny dla zalogowanych], while short-run changes in GDP growth can affect stock prices,[link widoczny dla zalogowanych], there is no necessary long-term connection. Growth of an economy is determined by growth in the supply of labor and increases in productivity. Stock returns, on the other hand, are determined by the cost of capital, which is the rate of return required by investors to bear the risk of owning stocks.
Although their forecasts are notoriously inaccurate,[link widoczny dla zalogowanych], economists spend a great deal of time thinking about and forecasting future economic growth. Investors often consider these forecasts when deciding where to invest their money. The conventional view is that countries and regions with strong long-term economic growth prospects are more likely to deliver higher stock returns than those with slower growth expectations.
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Just as global stock markets rose in 2009 in expectation of economic growth in 2010, economic researchers have found a statistically significant between a country's economic growth and its prior-year's stock market return. In short, a positive return on stocks in year t portends positive economic growth in year t+1.
In summary,[link widoczny dla zalogowanych], buying into growth markets does not generate market-beating returns because markets anticipate the growth and factor this expectation into current prices. This underscores the importance of having a globally diversified portfolio with exposure to many different countries,[link widoczny dla zalogowanych], regions and asset classes.
The fact that the stock market discounts anticipated economic conditions and is a good predictor of future economic growth,[link widoczny dla zalogowanych], suggests that free and competitive markets are efficient processors of information. This is good because the idea that free markets work is a central idea of capitalism and necessary for the proper functioning of capital markets.
Of course, there is no free lunch in finance and market participants know which countries and regions of the world are expected to have higher economic growth in the future. These expectations are incorporated into current market prices, thereby making this knowledge of little value in making investment decisions.
This is not to say there is no connection between GDP growth and the stock market. The prosperity of companies and shareholders depends on the health of the economy at any point in time, but instead of GDP growth predicting stock returns,[link widoczny dla zalogowanych], it is the stock market that predicts future GDP growth.
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Most important,[link widoczny dla zalogowanych], several academic studies have failed to find a positive correlation between a country's economic growth and its stock market's return. British economists Dimson, Marsh, and Stanton find no evidence that economic growth is a predictor of future stock performance or that high growth economies outperform low growth ones. Similarly,[link widoczny dla zalogowanych], Jay Ritter of the University of says that future economic growth is largely irrelevant for predicting future equity returns.
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Japanese news media reported Friday that Korea's five largest business conglomerates, Hyundai, Samsung, Daewoo, LG and SK, all plan to increase their paid-in capital by more than W15 trillion in total this year.

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today is the Qilu Culture Station fifth station open day,[link widoczny dla zalogowanych], each participating unit representation of cultural construction in rural areas will continue to support. While everyone be bursting with happiness when the ceremony,[link widoczny dla zalogowanych], sudden beat gongs and sound drums sound, originally is the villagers' representatives Zheng big ye make a silk banner, dedicated to Qilu channel. Zheng big ye hold sun Tai Long hand said: our village too thank Qilu channel,[link widoczny dla zalogowanych], not words, sent a silk banner token. Sun Tai Long told the villagers,[link widoczny dla zalogowanych], a little later, Qilu channel host also came to Cao Tang Cun, and the villagers together eat to live with labor, after all, is the one family.
villagers representatives presented a banner to QiLu TV channel
a lot of neighboring villagers took advantage of the ceremonial space, first to the cultural station occupy seats read a book on the Internet,[link widoczny dla zalogowanych], the villagers do not worry,[link widoczny dla zalogowanych], initiated by Qilu channel of the large-scale public welfare activities will quickly in the blossom, and strive to create a learning environment more favorable for farmers.
Qilu network July 24th news today, Jining Wenshang County Cao Tang Cun be bursting with happiness,[link widoczny dla zalogowanych], because early in the morning,[link widoczny dla zalogowanych], the village is to guest. Sun Shan,[link widoczny dla zalogowanych], deputy director of Qilu channel for cultural station donated books, computer, broadband century sunshine television culture communication company,[link widoczny dla zalogowanych], Xinhua computer, Jining Unicom's leadership and the leadership of Wenshang County came to the village to attend cultural ceremony. Nearby villages also came to watch the scene of bustle.
Qilu Culture Station Wenshang Cao Hall station site
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and deputy director Sun Shan together for the cultural station was
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, forwarding,[link widoczny dla zalogowanych], splitting the central investment plan, our province will clear the construction site of the project, the construction scale, construction period,[link widoczny dla zalogowanych], and the provinces and local investment proportion and amount. Strengthen the management of construction projects,[link widoczny dla zalogowanych], the preparatory work,[link widoczny dla zalogowanych], scientific planning,[link widoczny dla zalogowanych], reasonable layout, giving priority to the centralized water supply project of moderate scale,[link widoczny dla zalogowanych], ensure water quality,[link widoczny dla zalogowanych], and actively promote the integration of urban and rural water supply.
reporter from the provincial development and Reform Commission was informed that,[link widoczny dla zalogowanych], recently,[link widoczny dla zalogowanych], the national development and Reform Commission,[link widoczny dla zalogowanych], Ministry of water resources to rural drinking water safety project in 2011 third batch of investment within the central budget plan,[link widoczny dla zalogowanych], arrange our province rural drinking water safety project construction subsidy of 426600000 yuan,[link widoczny dla zalogowanych], is used to solve the 1400000 rural residents and 300000 of rural school teachers and students of the drinking water problem.
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2012, just out of prison with his wife and daughter came to Jiangxi a little Ganzhou. A month after that, little work as usual to get home, but when he went to the door, but found a home in the dark, do not see any light.

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Independence activist Yeo Un-hyeong,[link widoczny dla zalogowanych], so far denied recognition for his contribution to Korea's struggle against the Japanese occupation because of his leftwing politics,[link widoczny dla zalogowanych], will likely be given a posthumous Order of Merit.

The Ministry of Patriots and Veterans Affairs' award committee in a recent first round of deliberations picked 131 figures from both the nationalist and socialist-communist sides of the anti-Japanese movement including Yeo. Another round of deliberation and a joint deliberation session remain ahead,[link widoczny dla zalogowanych], but most think Yeo has passed the crucial hurdle. Former communists Kim Jae-bong,[link widoczny dla zalogowanych], June 10 Independence Movement leader Kwon Oh-seol,[link widoczny dla zalogowanych], and Koo Yeon-heum will also be honored posthumously.
The Cabinet will make a final decision on the award after deliberations by the Ministry of Patriots and Veterans Affairs,[link widoczny dla zalogowanych].
The ministry paved the way for leftist independence activists to be honored on Jan. 20 by taking those formerly denied recognition as "communists" and re-designating them "figures who concentrated their activities with the goal of building a socialist nation,[link widoczny dla zalogowanych], and those who actively sympathized with such a goal."
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6 month started after the completion of the transformation of road capacity will increase by 40%
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as a important part of the "three vertical and four horizontal" road, north-south traffic artery of Chongqing road is my city,[link widoczny dla zalogowanych], the land reform is expected to cost 3000000000 Yuan,[link widoczny dla zalogowanych], will focus on the implementation of the level crossing bridge north to mountain road about 16 km long section of road rehabilitation,[link widoczny dla zalogowanych], supporting pipe network,[link widoczny dla zalogowanych], environment improvement,[link widoczny dla zalogowanych], after the completion of the transformation Chongqing Road,[link widoczny dla zalogowanych], will be the day goes 55000 standard increased to 80000 standard vehicle, effectively alleviate traffic pressure. (reporter Cui Wu)
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The French investigation is focused on whether Congolese officials were involved in torturing and killing hundreds of civil war refugees who vanished in 1999 after returning to Brazzaville.Congolese woman laden with baggage and a young child passes UN soldiers in the town of Sake in Eastern Congo (file photo) Protests are mounting in the Republic of Congo following a ruling last week by France's high court to re-launch a war-crimes investigation in the African country Those Chinese imports falsely labeled as originating from other countries comprised 117 cases,118 tons, and China to formally end the Korean War or declare something to that effect,[link widoczny dla zalogowanych], in need of a palpable diplomatic achievement to end his eight-year tenure,To protest the Palestinians' treatment,[link widoczny dla zalogowanych], At one rally,[link widoczny dla zalogowanych], California National Guard Sergeant Jeremy Ridgeway was searching homes in New Orleans when he found a survivor. However.
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the new network in Zhejiang on 22 May,[link widoczny dla zalogowanych], "Youngor" brand value of 9181000000 yuan, Ningbo city has become the most "expensive" trademark; "Dunhuang" line, "BEIFA",[link widoczny dla zalogowanych], "the Great Wall" ruler,[link widoczny dla zalogowanych], pen "Shuanglu" battery brand single export volume ranking first in the country,[link widoczny dla zalogowanych], of which, only BEIFA group enterprises in the overseas more than 70 countries registered trademark,[link widoczny dla zalogowanych], applied for 400 patents...... In recent years,[link widoczny dla zalogowanych], Ningbo enterprises increasingly see a strong driving force and spillover effects appear small trademark. Recently, Ningbo City Administration of industry and Commerce Department issued a "Ningbo city brand development report",[link widoczny dla zalogowanych], this is also the province's first regional trademark development report.
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Now, you would wonder as to why the markets are behaving in this manner. The real estate professionals cite the reasons in their own way. "Construction activities under metro project adversely impact the traffic arrangements in and around the sites. Everyone wants easy and fast access to their properties. Naturally, if a property buyer wrangles through diversions and traffic jams to reach a property,[link widoczny dla zalogowanych], he won't like to buy it on a given value," says MP Singh of Silver Estates. Definitely, the demand is slowing down for quite some time, he says.
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By George Gonigal
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The property prices in certain parts of Noida?planned to have metro link?have rather declined. Interestingly though the capital prices of residential real estate in some sectors of Noida have come down by 5-10 per cent in the past 3-months,[link widoczny dla zalogowanych], the rental values have shot up amazingly at the same locations.
The trends get corroborated by the intensive market research undertaken by MagicBricks.com as well. Take sector 17, for instance. The average capital prices of residential plots reached down the levels of Rs 70,[link widoczny dla zalogowanych],000-Rs 80,000 per square meter (psqm) in October from Rs 80,[link widoczny dla zalogowanych],000-Rs 90,[link widoczny dla zalogowanych],000 psqm prevalent in August. A staggering decline of about 12 per cent in 3-months!
The rental values,[link widoczny dla zalogowanych], although, are rising quite sharply in these areas, and an appreciation between 5 and 15 per cent has been recorded in rentals per month. "Given the chaos created by metro construction,[link widoczny dla zalogowanych], the primary reason behind rise in rental values is that property buyers are postponing their property purchases in Noida for now and preferring to hire,[link widoczny dla zalogowanych]," property consultants say.Meanwhile, industry veterans predict that the capital prices would stabilize or keep going south till 2009, when the first phase of metro project would complete; a year before Commonwealth Games 2010.
Similarly the capital values of residential plots in sector 15 dipped by about 9-per cent in the period between August and October 2007. And yes,[link widoczny dla zalogowanych], these are the sectors where infrastructure construction for the metro is underway.The trend is identical across the sectors of number 14, 14A,[link widoczny dla zalogowanych], 15A, 17, 44 and others where the construction activities are going on.
Having witnessed the positive impact of metro rail connectivity on the real estate markets of Delhi, it has been a general perception that extension of the facility to any of the sites pushes prices of residential property to north. However, the NCR (National Capital Region) location of Noida narrates a different story.
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The Lexus GX 460 was released late last year. About 6,[link widoczny dla zalogowanych],000 units of the model have been sold so far.
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In May, he played the piano with his sister at an event at Roosevelt University, where she studies. Sayuri, who was born in June 1996, was also schooled at home and entered Truman College, a two-year community school, at the age of 10.