It was a day of expectations what information the Federal Reserve would provide. Some news made glad whereas some disturbed. As a result small variability of indexes occurred in New York.
Markets focused on the message of the Federal Open Market Committee. From the beginning, there was little variation and the indexes oscillated around Tuesday's closing levels. Slight increases in New York began after FMOC Communication which has decided to extend the operation Twist by the end of the year. Interest rates were not changed. Operation Twist which consists in swap short-term government bonds for the long-term will last longer. This is designed to reduce the profitability of long-term securities, which will encourage banks to lower mortgage rates and boost the property market.
However, during later press conference, Ben Bernanke dampened such little optimism of players. Chairman of the Fed said that the U.S. Federal Reserve lowered its economic growth forecast in the USA for the current and next year. Fed's new forecast assumes GDP growth in 2012 of 1.9 to 2.4 percent. Early American central bank's forecast of April talked about GDP growth of 2,4-2,9 percent in 2012. In the Fed's assessment growth in 2013 will be of 2,2-2,8 percent. Previously, the Fed assumed an increase of 2,7-3,1 percent in 2013. At the same time Bernanke said that the Fed is ready for further action, which may include another round of quantitative easing, if the slowing U.S. economy will get worse.
At the finish the stock exchange fell slightly, but the changes were small. Dow Jones declined by 0.10 percent, a broad market index S&P500 fell 0.17 percent. Nasdaq, which resisted decreases, gained 0.02 percent.
How to become a sworn translator?
Perhaps not everyone knows but the profession of translator, like the medical profession, require taking a solemn oath. Interpreters agree that they will perform their profession with ethics, impartiality, remaining trade secrets.
However, before taking an oath, potential candidates must overcome a long way.
Excellent knowledge of chosen language is not enough.
Many Poles go abroad to seek work. Then a very important element is to have the appropriate application documents, including the biography. How should you write it in order to form complies with the needs in Europe?
Sudecki Association of Employers was founded in 1992. Among its the main activities are representing and protection of interests of united members before labor unions, governmental and state institutions as well as local governments. The union takes part in such activities as designing and starting new businesses, which aim is reduction of unemployment. It also collaborates with institutions, which mission is preparation and granting regional businesses beneficial conditions, so that they would be able to compete with other companies on the European market. It support companies in applying and acquiring Structural Funds.read more...
Let us join eurozone as soon as possible! There are more benefits than disadvantages.
According to Janusz Lewandowski the decision whether Poland will join the euro area may already be taken in spring. Tadeusz Mosz has no doubts about the necessity of joining the eurozone by Poland and he also believes that the country should do this as soon as possible, although not all of the formal conditions are complied yet. During an interview recorded by TOK FM, the chief noted that even though Poland does not comply with all the conditions, it should negotiate them.
One of the reasons of the downturn in economy growth is the drop in internal consumption. Polish society is getting poorer and people can afford less and less. In the meantime, according to the latest information the growth of salaries of the board of directors in join-stock companies in 2011 increased in 18%, and the growth of salaries of these companies’ chairmen increased in 20 percent. Apparently, there is no social solidarity in Poland. Social differentiation is slowly and systematically deepening. According to data from 2008 – 20 percent of the richest part of Polish society is 5,1 times richer than 20 percent of the poorest part of this country. If we take into consideration data relating to the growth of salaries, the increase in disproportion will be more obvious.