Monday, October 24, 2016
Tornado...!!
Swiss Frank/Euro
Swiss National Bank stunned the markets by scrapping its three-year old cap of 1.20 Swiss francs per euro. The central bank said the franc was now out of the period of “exceptional overvaluation” during which the minimum exchange rate had been introduced.
The SNB’s latest move unleashed new volatility among bonds and currencies around the world. SNB’s abandoning of the cap prompted a collapse of as much as 30% in the euro versus the franc – the biggest single-day move in a developed market that traders could recall. One Franc Equals Euro in less than a week.
Dollar/Yen
With the prime minister's program, dubbed Abenomics.
A large part of the problem can be seen in the sharply lower value of the yen. Even though the currency's fall should eventually help boost exports as Japanese goods become more competitive overseas, it also immediately raises the price of imports.
Dollar/Canadian Dollar
The number of Canadians crossing the border at B.C. points of entry dropped sharply in the past year as the value of the Canadian dollar fell relative to the U.S. greenback.
In December 2013, when the loonie was trading at 94 cents US, 293,950 Canadians crossed the Douglas (Peace Arch) border crossing on their way back from the U.S.
The current value is 1.2 Canadian dollar to the US dollar.
Dollar/ Euro
The Euro sank to a more than 11-year low against the dollar and a three-month low against the yen after the European Central Bank launched a landmark bond-buying program that will pump hundreds of billions into a sagging euro zone economy.
"The ECB has obviously taken decisive action,'' said Dean Popplewell, chief currency strategist at OANDA in Toronto. "What we are seeing is some individuals actually adding to their short positions at these levels.'' [2014]
Saturday, October 22, 2016
Friday, October 21, 2016
Thursday, October 20, 2016
Wednesday, October 19, 2016
Tuesday, October 18, 2016
Swelling..?
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More than 2,400 U.S. doctors have been sanctioned for sexually abusing their patients, according to a new report that surveyed records from all 50 states.
In New York City the former head of clinical research at the Mount Sinai hospital emergency room, Dr. David Newman, is facing charges that he abused four of his female patients, including one he allegedly drugged while she was in the ER.
Newman has pleaded not guilty to charges, and the hospital said he no longer works there.
Michael Hestrin, the district attorney in Riverside County, California is prosecuting a doctor accused of 26 felony counts of sexual assault. Dr. John McGuire has pleaded not guilty to the charges and is being held in jail on a $3 million bond. His license has been suspended by the state medical board.
According to a civil complaint, McGuire sexually assaulted a patient recovering in a private room from the effects of anesthesia. He allegedly lifted the “plaintiff’s gown and placed his ungloved hands on her bare breasts and felt all around looking for ‘swelling.’”
In another alleged incident, the lawsuit claims McGuire “rubbed plaintiff’s vagina with an ungloved hand and fingers,” supposedly to check on a rash.
Dr. David Mata, once praised on the floor of Congress as a “great humanitarian” and named doctor of the year in Oregon, was accused of 140 counts of sexual abuse of patients.
He pleaded guilty to six counts of sexual acts with patients but was not sentenced to prison and served his probation at home. The California medical board revoked his license. [ABC News]
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