Do You Need To Be Green?
Karin de Gier hasn't always been green. In 2001 she founded San Francisco-based Zwanette Design to produce cabinets, tables, and other custom-made furniture. As she learned more about woodworking, de Gier also learned more about toxic glues, sustainable forestry, and green building principles. De Gier, now 45, soon realized green building was in line with her own values. Out went the toxic glues. In came bamboo, fiberboard, and woods certified by the Forestry Stewardship Council as harvested from sustainably managed forests. And although de Gier had to jack up prices 30% to cover her higher materials costs, orders for her two-employee, $100,000 shop doubled last year, to 15. ``There are some very motivated and committed customers out there,'' says de Gier. .
Report: Japan to Raise Growth Forecast
TOKYO — Japan plans to raise its economic growth forecast for fiscal 2006 to 2.1 percent due to data showing strong personal consumption and capital expenditures, a news report said Friday. Japan's Cabinet Office expects to raise its growth projection for the year through March 2007 by 0.2 percentage point, Kyodo News agency said, citing unidentified government sources. .
'Prada' movie spotlights nasty boss phenom
In this undated photo provided by 20th Century Fox, shows Meryl Streep, playing Miranda Priestly, a capricious and fear-inspiring fashion editor, in the new film,'The Devil Wears Prada.' (AP Photo/20th Century Fox) A famous designer throws a fit and hurls a pair of scissors at his assistant. The ladies room at a top fashion glossy is routinely filled with weeping underlings who've been dressed down. One boss enforces a starvation regime: You can't go out for lunch, but you can't eat at your desk, either. These could be scenes from "The Devil Wears Prada," the new film starring Meryl Streep as Miranda Priestly, a capricious and fear-inspiring fashion editor. But they're actual anecdotes from the fashion world. Insiders agree that the depiction of scary-boss excess in the film, and even more in the book, is dead-on.
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DAILY US METALS COMMENTARY
OUTSIDE MARKET DEVELOPMENTS: With the Dollar marginally lower again today, the key metals futures markets all up in sync and the energy market showing a positive track again today, it would seem like gold and silver are presented with a mostly supportive outside market influence. With the stellar recovery bounce in the equity market over the last two sessions and the US Fed Chairman providing some macro economic optimism late yesterday, there is at least some countervailing force to the recent broad based commodity liquidation mentality. The US economic report schedule today is somewhat thin with the University of Michigan sentiment figures and the current account, but the metals markets have also been impacted quite markedly by Fed speeches recently. Today there are three Fed speeches scheduled.
Further Dollar Weakness Still in Question after Mixed NFP
US Dollar - The much awaited non-farm payrolls report for the month of June was a big disappointment and did little to clear the air on whether the Federal Reserve could potentially raise interest rates again in August. Even though the headline non-farm payrolls number came in significantly below expectations, the details of the number and the household survey was not nearly as dollar bearish. We have already seen the US dollar recuperate a good portion of its losses against the Euro as the up tick in average hourly earnings, rebound in manufacturing payrolls and strong job growth as measured by the household survey create a more mixed report. The market was really banking on the NFP number to sway the dollar in one direction, however the ambiguous number only prolongs the uncertainty by making next month's non-farm payrolls report even more important.
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