| Won posts best week in five months on stocks demand
Beijing: South Korea's won had the biggest weekly gain in five months after global investors boosted their demand for the nation's stocks. The currency has been rising since South Korea signed a free-trade agreement with the US this week, as fund managers bet the accord would increase exports and economic growth.
The country's domestic demand is also improving, Finance Minister Kwon Okyu said on Thursday. Overseas investors bought more stocks than they sold yesterday for the fourth trading session.
The won this week rose 1% to 931.90 against the dollar, the largest five-day gain since the week ended November 3, according to Seoul Money Brokerage Services Ltd. Korea's benchmark Kospi index of stocks climbed for a fifth week.
Overseas funds bought $23mn more of Korean equities than they sold within the first two hours of trading on Friday, according to the stock exchange's website.
It's Rocket Science
It doesn't take a rocket scientist to find work in Loudoun County, but it doesn't hurt to be one either. Thanks to an aerospace cluster that developed here starting in the 1990s, there are plenty of Loudouners with such a vocation.The county is home to at least eight aerospace companies. The diverse cluster includes companies that manufacture custom-built aircraft simulators, such as Rockwell Collins in Sterling, as well as companies such as AeroAstro in Ashburn that build satellites about the size of two-drawer filing cabinets. Among the pioneers to locate here was Orbital Sciences Corp., which moved into a building in the Rt. 28 corridor in 1993.Cheap rental rates and room to expand was the attraction for the then Fair Oaks-based government contractor, Orbital spokesman Barry Beneski said.Founded in 1982 by Harvard Business School classmates who wanted to start a commercial company to do things in space, Orbital will mark its 25th anniversary next month, Beneski said.
Professor zaps into financial rock history
Like most baby boomers growing up in the 1950s and '60s, Ron Phillips' future was heavily influenced by the music he played and heard. Phillips played guitar in a band - the name of which shouldn't be repeated in polite company - idolized rocker Frank Zappa and has continued to love rock 'n' roll. .
Robby Gordon Of The Nextel Cup Series Talks With AHN
Greenville, SC (AHN)-While testing the Car of Tomorrow at the Greenville-Pickens Speedway on Wednesday, Nextel Cup driver and team owner, Robby Gordon along with his crew chief, Greg Erwin took some time to talk with AHN about a variety of topics. The test is in preparation of the Goody's Cool Orange 500 at Martinsville on April 1. AHN: What are your thoughts on the car of Tomorrow? RG: I don't mind it. It's a decent looking car. All in all, it's a pretty similar to what we have been racing. It's the same motor, but a little different chassis and aerodynamic configuration. There's not much difference than what any race team has been tuning on for the last 20 years in NASCAR Racing. We still have tubes, solid axles, Ford nine-inch rear ends, four speed manual gear boxes and carbureted pushrod V8 motors.
Credit Card Climate Change May Come Too Late
There's a saying among professional money managers that goes something like this: "Managing what you owe is just as important as managing what you own." To that I would add "because if you don't, you're liable to end up not owning anything at all." This also happens to be the theme of a controversial new film called "Maxed Out," a documentary that has been creating a lot of buzz lately, similar to last year's "An Inconvenient Truth." Instead of global warming, the threat this time involves a spending-addicted middle class America getting buried under a mountain of credit card debt. Entertainment Weekly called it "the scariest horror film of the season." The movie portrays banks and credit-card companies as financial predators who prey on middle- and low-income Americans, luring them with cash-back rewards, frequent flyer points, and low initial interest rates, and then sucking them dry once those low come-on interest rates rocket into the kind of double digits only a loan shark can love.
Content Management: In Content Management Piecemail Fix Can Work
By Ed McKinley
April 1, 2007 - The insurance industry can't agree on a definition of the phrase "enterprise content management." Whatever it means, though, there's a consensus that it's improving. Many think of it as combining absolutely every kind of documented information the company owns and putting it into a paperless electronic central repository that imposes business rules, manages distribution and affords virtually unlimited access. That master file would house everything from this morning's jpegs to digitized versions of yellowing old paper-and-ink policies. Contrarians might ask how that differs from "document management." Some complain about hearing the two phrases used interchangeably. Others, including Matthew Josefowicz, insurance practice manager for Boston-based Celent LLC, would even prefer to banish the phrase "content management" as too broad to be useful.
Shifting sands in the Middle East
The warning was unequivocal: “If Israel refuses, that means it doesn't want peace and it places everything back into the hands of fate. They will be putting their future not in the hands of the peacemakers but in the hands of the lords of war." Israel's refusal last week to allow US Secretary of State Condoleezza Rice to act as negotiator between it and the Palestinian Authorities was a humiliation. Ms. Rice returned to Washington after a postponed press conference and tense talks with Prime Minister Olmert; her attempts to get the Israeli leader to discuss final status talks on a Palestinian state failed. The parameters of the plan – that Israel returns to its pre 1967 borders, with negotiated territory exchanges, that a compromise is found for the refugee problem, that East Jerusalem will become the capital of the new Palestinian state with Israeli control over Jewish holy sites and neighbourhoods – is the only solution which would be acceptable for both sides.
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