MANAGING “DEDICATED FLEETS”: TELECONFERENCE APRIL 10 2008

March 31, 2008 at 10:33 pm | Posted in Economics, Financial, Globalization, Research, Science & Technology, World-system | Leave a comment

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Live Teleconference

“Managing Dedicated Fleets”

JoC Conferences (events@joc.com)

events@joc.com

Mon 3/31/08

Dedicated Fleet

Teleconference:

Managing Dedicated Fleet

 

April 10, 2008 ~ 1:00 – 2:30 pm EST

Dedicated fleets are a large and growing piece of the U.S. transportation market and offer many advantages over in-house trucking operations. As operating costs continue to rise and new regulations make fleets harder to manage, shippers are expected to start abandoning private fleets in favor of dedicated ones.

In this 90-minute live teleconference, two experts from AlixPartners LLP, a global restructuring, consulting and financial advisory services firm and authors of “How to Make Dedicated Fleets”, featured in Traffic World Magazine, will discuss the three current options for truck-related transportation and the projection for dedicated fleets.

PANELISTS INCLUDE:

Moderator: Paul Page, Editor, Traffic World

Paul C. Svindland, Director New York, AlixPartners LLP

Hans C. Lehmann, Vice President, AlixPartners LLP

Who should listen?

Shippers

Trucking Fleet Managers

Shipping Intermediaries

Transportation Managers

Live participation allows access to one phone line for an unlimited number of listeners.

A live question and answer session will follow the presentations.

——————————————————————————–

WHEN: Thursday, April 10, 2008 1:00 PM – 2:30 PM

Eastern Time Zone

View Event Summary

View Event Agenda

RSVP

Wednesday, April 9, 2008

Register for Event

Live Teleconference:

” Managing Dedicated Fleets

JoC Conferences (events@joc.com)

Mon 3/31/08

events@joc.com

Mon 3/31/08

BANK FOR INTERNATIONAL SETTLEMENTS BIS REVIEW NO. 35 2008: MONETARY POLICY

March 31, 2008 at 5:40 pm | Posted in Economics, Financial, Globalization, Research, World-system | Leave a comment

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BIS Review

Bank for International Settlements

BIS Review No 35 available

Press, Service (Press.Service@bis.org)

Mon 3/31/08

Publications, Service (Publications@bis.org)

Please find BIS Review No 35 attached as an Adobe Acrobat (PDF) file.

Alternatively, you can access this BIS Review on the Bank for International Settlements’ website by clicking on http://www.bis.org/review/index.htm.

What’s included?

BIS Review No 35 (31 March 2008)

Seong-Tae Lee: Household debt – implications for monetary policy and financial stability

Amando M Tetangco, Jr: RCBC – banking on emerging corporates

Ranee Jayamaha: SAARC Payments Initiative and policy responses

Frederic S Mishkin: Comfort zones, shmumfort zones

Jürgen Stark: Main challenges for monetary policy in a globalised world

________________________________

please e-mail press.service@bis.org.

BIS Review

Bank for International Settlements

BIS Review No 35 available

Press, Service (Press.Service@bis.org)

Publications, Service (Publications@bis.org)

Mon 3/31/08

GCC CURRENCY FORUM: MAY 4 2008 DUBAI

March 31, 2008 at 5:22 pm | Posted in Arabs, Economics, Financial, Globalization, Middle East, Research | Leave a comment

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GCC Currency Forum

commentary@grc.ae

Mon 3/31/08

commentary@grc.ae

TROPICAL TIMBER

March 31, 2008 at 12:10 pm | Posted in Economics, Financial, Globalization, Japan, Research, Third World, World-system | Leave a comment

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Tropical Timber Market Report

16-31 March 2008

International Tropical Timber

Organization

(ITTO) Int’l Organizations Center –

5th Floor Pacifico-Yokohama

Market Information Service (MIS) 1-1-1

Minato-Mirai, Nishi-ku

Yokohama 220-0012 Japan

MIS (mis@itto.or.jp)

Mon 3/31/08

The ITTO Tropical Timber Market (TTM) Report, an output of the ITTO Market Information Service (MIS), is published in English every two weeks with the aim of improving transparency in the international tropical timber market. Its contents do not necessarily reflect the views or policies of ITTO. News may be reprinted without charge provided that the ITTO TTM Report is credited. A copy of the publication should be sent to the editor.

Snapshot

Shipping costs continue to be a core factor impacting present and future prices of tropical timber. Due to high shipping prices and limited availability of ships, West Africa exporters and producers were asking for wood product prices. The Japanese Nanyozai Freight Agreement (NFA) was also dissolved, thereby limiting future availability of shipping vessels for Sarawak timber.

In our previous issue, we reported that China’s recent severe winter storms had devastated forest resources and were expected to lead to raw material shortages in the country. This edition focuses on raw material shortages in Malaysia, where heavy rains have limited log extraction and production. This is expected to cause problems for certain importers such as Japan, where Malaysian and Indonesian plywood are expected to be short in supply by mid-2008.

As discussions were continuing on EU FLEGT initiatives, some suppliers expressed skepticism they would be able to implement the new requirements expeditiously. New requirements under EU FLEGT initiatives might add complexities for timber suppliers in the future and worsen potential confusion among various EU countries’ procurement policies. In other news, the EU stepped up its import of China non-timber forest products such as bamboo and rattan in 2007.

Headlines

Ministry opens bidding for seized Ghana teak

Ghana’s wood manufacturers lodge appeal to TIDD

Malaysian timber sector pins hopes on Japan imports

IBAMA teams step up illegal logging investigations

Brazil raises intake of US timber

Brazilian furniture exports leap 7.2% in early 2008

Penalties to be raised under US-Peru FTA

Guyana gains higher value-added products and wider markets

Dissolution of NFA will affect shipping of Sarawak timber

Tight Southsea lumber supplies seen by mid-2008

China’s NTFP exports chalk up hefty growth in 2007

EU is largest market for Shangdong furniture exports

Demand side issues come to the fore in the UK

Improved signs for European construction sector seen

European procurement policies pose challenges for suppliers

International Tropical Timber Organization (ITTO)

Int’l Organizations Center – 5th Floor, Pacifico-Yokohama

Market Information Service (MIS) 1-1-1, Minato-Mirai, Nishi-ku Yokohama 220-0012, Japan

E-mail:mis@itto.or.jp Website:http://www.itto.or.jp

Market Information Service link at www.itto.or.jp.

email us at mis@itto.or.jp.

Tropical Timber Market Report 16-31 March 2008

Tropical Timber Market Report Since 1990

Volume 13 Number 6, 16-31 March 2008

Mon 3/31/08

STOCK MARKET TOKYO

March 31, 2008 at 11:14 am | Posted in Economics, Financial, Globalization, History, Japan, Research, World-system | Leave a comment

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Tokyo Exchange News — No. 756 / March 31, 2008

Tokyo Stock Exchange

(TokyoStockExchange@tse.or.jp)

 

Mon 3/31/08

TokyoStockExchange@tse.or.jp


Tokyo Exchange News —

No. 756 / March 31 2008

In this Issue:

The Monday Report (3/24 to 3/28)
Last Week’s Market Recap
Stock Rankings by Trading Value
Changes in TSE Indices

Headline News
Revocation of Listing Approval -Privee Fund Group Co., Ltd.-
Base prices and daily price limits for newly listing stocks
Measures for Preventing a Recurrence of the Stock Trading System Malfunction, etc.
Introduction of TOPIX Options Liquidity Provider System
Launch of New Derivative Products & Introduction of Evening Session for Index Derivatives

Data Update
Program Trading (Weekly)
Investment Trends by Category (Weekly)
Weekly Index Report
Medium-Term Management Plan
Position limits
Underlying stocks
Deliverable bonds and conversion factors

Market Topics
New Listings
Approval of New Listings
Delistings
Section Transfers

Market View
————————————————–

Monday Report
——————

**Last Week’s Market Recap

(March 24 to March 28)**

The markets opened to little movement at the beginning of the week due to a lack of attractive domestic products and the fact that most overseas stock markets had been closed last weekend.
This hesistation continued into the week and, although investors were encouraged by the strengthening of the yen against the dollar and the desire to purchase dividends at the end of the term,
the market fluctuated under concerns about U.S. financial institutions and an unstable Japanese government. Toward the end of the week the market was buoyed by investors in a buying mood as stock indices rose and the overall expectation that stock prices would also rise toward the end of the quarter.

The TOPIX rose by 23.77 points (1.95%) from the previous week to close at 1,243.81.
Average daily trading volume fell by 456 million shares to 1.712 billion shares, and average daily
trading value fell by 370.7 billion JPY to 1.9471 trillion JPY.

**Stock Rankings by Trading Value

(March 24 to March 28)**

Name Trading Value Ending Price JPY Change from
(code) (100 million JPY) JPY previous week

MIZUHO FINANCIAL GROUP, INC.
(8411) 2,922 386,000 18,000

TOYOTA MOTOR CORPORATION
(7203) 2,810 5,240 20

MITSUBISHI CORPORATION
(8058) 2,727 3,020 275

Mitsubishi UFJ Financial Group
(8306) 2,254 886 -6

SUMITOMO MITSUI FINANCIAL GROUP, INC
(8316) 2,097 685,000 -33,000

NIPPON STEEL CORP.
(5401) 2,028 528 55

MITSUI & CO.LTD.
(8031) 1,654 2,105 156

HONDA MOTOR CO.LTD.
(7267) 1,372 2,995 120

KOMATSU LTD.
(6301) 1,370 2,855 265

SONY CORP.
(6758) 1,355 4,090 -80

**Changes in TSE Indices (Closing value – March 21; Change from previous week)**

Index Close Change Change
(percent) (points)

TOPIX 1243.81 1.95% 23.77
Large 1293.49 1.83% 23.22
Medium 1280.89 2.08% 26.10
Small 1656.17 2.37% 38.27

Stock price index by industry
http://www.tse.or.jp/STATISTICS/e06_past.html

Headline News
——————
Revocation of Listing Approval -Privee Fund Group Co., Ltd.-
http://www.tse.or.jp/english/news/200803/080327_a.html

Base prices and daily price limits for newly listing stocks
http://www.tse.or.jp/english/news/200803/080326_b.html

Measures for Preventing a Recurrence of the Stock Trading System Malfunction, etc.
http://www.tse.or.jp/english/news/200803/080326_a.html

Introduction of TOPIX Options Liquidity Provider System
http://www.tse.or.jp/english/news/200803/080325_a.html

Launch of New Derivative Products & Introduction of Evening Session for Index Derivatives
http://www.tse.or.jp/english/news/200803/080325_b.html

Data Update
——————
Program Trading (Weekly)
http://www.tse.or.jp/english/market/data/program/index.html

Investment Trends by Category (Weekly)
http://www.tse.or.jp/english/market/data/sector/index.html

Weekly Index Report
http://www.tse.or.jp/english/market/topix/data/report.html

Medium-Term Management Plan (For FY2008 to FY2010)
http://www.tse.or.jp/english/about/ir/financials/index.html

Position limits
http://www.tse.or.jp/english/rules/derivatives/eqoptions/limits.html

Underlying stocks
http://www.tse.or.jp/english/rules/derivatives/eqoptions/underlying.html

Deliverable bonds and conversion factors
http://www.tse.or.jp/english/rules/derivatives/jgbf/cf.html

Market Topics
——————
New Listings

Name INNOTECH CORP.
Sector Wholesale Trade
Market/Section 2nd Section
Code 9880/JP3147800001
Date of Listing Mar. 25, 2008
Homepage
http://www.innotech.co.jp/english/index.html

Name AQ INTERACTIVE INC.
Sector Information & Communication
Market/Section 2nd Section
Code 3838 / JP3160350009
Date of Listing March 25, 2008
Homepage
http://www.aqi.co.jp/en/index.html

Name TAIYO,LTD.*
Sector Machinery
Market/Section 2nd Section
Code 6252/JP3449110000
Date of Listing March 26, 2008
Homepage
http://www.taiyo-ltd.co.jp/eg/index.html

Approval of New Listings

No new listing approvals this week.

Delistings Announcement

No delistings announcements this week.

Section Transfers
1 company was transferred from the 2nd section to the 1st section this week.

For a complete list of recent and forthcoming transfers, please visit:
http://www.tse.or.jp/english/listing/transfers/1sec_e.html

Tokyo Market Information is a service that provides corporate action information on ALL publicly listed
companies in Japan as well as premium information on the TOPIX family of indices.
For more information, please visit
http://www.tse.or.jp/english/market/mkinfo/tmi/index.html

Market View
—————–
March 24, 2008
First Section TOPIX
Close 1224.15 +4.11 (+0.34%)
Market Value (JPY trillion) 394.3835 +1.4274
Trading Volume (100 million shares) 16.0768
Trading Value (JPY billion) 178.2864

March 25, 2008
First Section TOPIX
Close 1242.98 +18.83 (+1.54%)
Market Value (JPY trillion) 400.5191 +6.1355
Trading Volume (100 million shares) 19.0530
Trading Value (JPY billion) 219.8034

March 26, 2008
First Section TOPIX
Close 1237.55 -5.43 (-0.44%)
Market Value (JPY trillion) 396.9420 -3.5771
Trading Volume (100 million shares) 15.7529
Trading Value (JPY billion) 178.1568

March 27, 2008
First Section TOPIX
Close 1226.44 -11.11 (-0.90%)
Market Value (JPY trillion) 393.5291 -3.4129
Trading Volume (100 million shares) 16.7336
Trading Value (JPY billion) 1921.563

March 28, 2008
First Section TOPIX
Close 1243.81 +17.37 (+1.42%)
Market Value (JPY trillion) 399.1587 +5.6296
Trading Volume (100 million shares) 18.0129
Trading Value (JPY billion) 205.1945

TSE’s Futures & Options Club Mailing Service provides timely and accurate updates concerning regulatory and system developments in the futures and options markets.

Bulletins are emailed directly
to registered members.

To register please visit
http://www.tse.or.jp/english/rules/derivatives/mlservice/index.html

MAINS-Mail service, separate from Tokyo Exchange News,is a daily e-mail service delivering end of day data about Cash Markets, Derivative Contracts, Indices,
Market Segments, and Securities Identification.

For more information on this service, please visit
http://www.tse.or.jp/english/market/mkinfo/mains-mail.html

This information is not intended as investment advice,but is given as background information to aid public
understanding of the Japanese stock market.

The TSE takes no responsibility for any losses/damages/costs arising from use of this information.

TokyoStockExchange@tse.or.jp

https://cc.tse.or.jp/optin/0004/stop_login.jsp

Tokyo Stock Exchange

Tokyo Exchange News — No. 756 / March 31, 2008

Tokyo Stock Exchange

(TokyoStockExchange@tse.or.jp)

Mon 3/31/08

JAPAN ECONOMIC FORUM

March 31, 2008 at 2:58 am | Posted in Asia, Economics, Financial, Globalization, Japan, Research, World-system | Leave a comment

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NBR’S JAPAN FORUM (ECON)

Japanese economy: savings rate

Richard Katz (japanforum@lists.nbr.org)

Fri 3/28/08

Japan-U.S. Discussion Forum (japanforum@lists.nbr.org)

Richard Katz

The Oriental Economist Report

In my last post, I mentioned that the strength of social security is one explanatory factor in how much financial wealth households accumulate.
The more people can rely on social security to support them in their old age, the less need they have to accumulate a big financial nest egg on their own. By sheer coincidence, I received a newsletter which gave some data on government benefits as a share of the income of elderly people (not counting health benefits) among the Group of Seven countries in the year 2000. It turns out that there is a very high 76% negative correlation between government benefits as a share of elderly income and the wealth:income ratio that I reported yesterday. Here is the data:

Soc. Sec.
Wealth:income
% of elderly income ratio

Japan 35% 3.11
US 35% 3.08
Canada 42% 2.18
UK 50% 2.88
Italy 59%
2.52
Germany 61% 1.50
France 67% 1.85

In other words, one reason that the wealth:income ratios in Japan and
the US are the highest in the G7 countries is that social security programs for the elderly are the least generous among the G7.
Conversely, in France and Germany, where social security programs are the most generous, private accumulation of financial assets is much less.

This underscores that, when it comes to household savings and wealth accumulation, one can easily explain much of the pattern in Japan by using standard economic analysis, including an understanding of the changing insitutional context facing Japanese households, the impact of modernization, and generational change. It is not necessary to reach for the brand of strained “cultural” explanation that presumes the Japanese people are somehow abnormal and unchanging.
For those interested in a discussion of this topic by by preeminent expert, let me recommend Charles Horioka’s paper “Are the Japanese Unique: An Analysis of Saving and Consumption Behavior in Japan” at
http://www.iser.osaka-u.ac.jp/library/dp/2004/DP0606.pdf.

After looking at saving rates, asset accumulation and equities as a share of financial assets, Horioka concludes:

Are the Japanese unique? No, the saving and consumption behavior of the Japanese is admittedly quite different from that of the Anglo-Saxon countries
…However, Japanese saving and consumption behavior is surprisingly similar to that of the continental European countries… Interestingly, Italy fits the conventional wisdoms about Japan more closely than Japan itself…All too often, scholars compare Japan only to the United States…When it comes to saving and consumption, it is American exceptionalism (together with that of Canada and the United Kingdom) that demands further study

Richard Katz
The Oriental Economist Report

Japan-U.S. Discussion Forum (japanforum@lists.nbr.org)


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