Onstreet parking like this where the snow clearly goes above my ankles. For a lot of people here at reading, theres plenty of digging out to do. Outside the arena it took a bobcat and plow to clear the piled snow, but just around the corner we found mike fuller doing it by hand. Seven years in reading have taught him not to be surprised by late season storms. Once we think its over, february, midjanuary and february, you think its over. March got something for you every time. Reporter for drivers here its been a day of spinouts and digouts. Crystal collins enlisted all three of her kids to help. I have to shovel out my moms car in case of emergencies. Reporter the storm is having a domino effect on this berks county city. 20 snow plow drivers are working 12hour shifts tackling the secondary roads through the afternoon. Trash pickups are delayed by a day and for snow Loving School kids, like francisco and mariana, classes are canceled for the rest of the week. Youre a pretty good older
This thursday morning. Somebody flicked the switch at the fed, from the most dovish centralbank meeting of the 21st century, according to Goldman Sachs. The tone has changed. The rollcall of hawkish voices rolls on. Bullard questions the very validity of the dot. A cacophony of voices. Bullard, evans from chicago, lacquered from richard and lockhart. Market is beginning to be blindsided. They are necessarily underweight. Says, is a pimco currency risk. Goldman sachs, good old Goldman Sachs, will keep the dollar bulls happy. Goldman says, stop worrying. Value the dollar is already in the price. Lets see how the strength of the dollar is pervading across markets. You are seeing a dropout of some of the commodity plays. You have oil coming back off of its recent highs. Timesories are three what were projected. Volume study percent below the overall average. You are back below 40. The psychology of breaking markets. It into perspective for you, gold is at a onemonth low. Emerging markets a
Im talking about falling prices. Ofs underlying story disinflation tells you the challenge the ecb has got, the dilemma they face. You have the likes of france, could be falling into recession. We are not just talking about this rift anymore. The ecb needs to do more. You look at all of these kind of numbers, they are not painting a positive picture. If the ecbs mandate is inflation, than it needs to take further policy action. Lets talk about a forecast. Next year, inflation running at 4. 1 . That is well below their 2. 1 inflation target. 2015 forecast, that is important. Everyone response to that is, what is an extended period of time . You have to look at the forecast to gauge. They tell us there is no north south divide. You only have to listen to the do voices coming out of the ecb right now. They all have a different view. The likes of the german central , they seem to be a theirre hawkish because respective countries are doing a lot better than the likes of the greeses and cypr
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So, at just 46 years old, Nicholas Cullinan, hitherto the director of the National Portrait Gallery, has been appointed to take over at the crisis-beset British Museum. I thought something might be up when I messaged him about this earlier this year, and, unusually (typically, he’s charm incarnate), he didn’t reply. Perhaps he was still haggling over the small print, and hadn’t yet signed the contract.