Tuesday, November 1, 2011


Gregory White

|September 24, 2010

Societe Generale has mapped out the world by each country's place in the global debt cycle.

The cycle starts with countries paying down debt, followed by growth with little debt, then a rapid increase in leverage, closing with the bubble bursting.

Every major developed country fits on a part of the chart.

Right now, the U.S. is starting over, paying down debt and a long way from the growth portions of the cycle. At the opposite end of the spectrum are Brazil and China, ramping up growth and increasing debt.

Might be a good graph to follow if you're someone who plays the markets by country.

Read more:


Chile primes Malaysian market

Rob Hay | 02 November 2011

Chile to develop Malaysian market for fresh produce in light of pending free trade agreement between the two countries

The Chilean Fresh Fruit Exporters Association (ASOEX) is working to develop trade opportunities into Malaysia with the ratification of a free trade agreement expect by year-end.

Malaysian newspaper Bernama quoted ASOEX marketing manager for Europe and Asia Christian Carvajal as saying the organisation plans a mission to Malaysia next September to facilitate trade.

“Firstly, we have to understand the market and build relationships with local distributors,” he said. “Once the relationship is in place we can look at future promotional activities. But we need to secure the distribution first. We want to identify the opportunities, grow the opportunities, grow the awareness and undertake the prospective mission to Malaysia in very commercial terms,” he added.

Mr Carvajal told the newspaper Malaysia played an important role in ASOEX’s plans to develop markets in the region.

“South East Asia is very new to us. One of our challenges is to understand the requirements of these markets, including Malaysia,” said Mr Carvajal. “Our members have to understand the challenges before we go on the prospective mission. What they know about Malaysia is minimal.

“We started by going into Vietnam and Indonesia. Next we will go Malaysia and Singapore, and then perhaps to the Philippines," he said.

“We’ve been taking it step by step in considering these markets, identifying the key clients and building relationships that will enable our exporters to reach these countries.”

Malaysia is at present a minor market for Chilean exporters and in the last year accounted for just two per cent of Chile’s total fruit exports.


Kenny Brown GT-4T turbocharged Ford Mustang at SEMA 2011

If you’re out and about at the 2011 SEMA Trade Show in Las Vegas today (through the 4th of November), be sure to locate the Dynapack Dyno booth to check on one serious turbo’d Ford Mustang. 

 Kenny Brown’s GT-4T will be on-hand to show you some serious “Mango Tango” pony car magic. 

 How so, you might ask? 

 Well, Kenny’s latest weapon in the arms cache is a screaming orange hued Mustang GT loaded with a complete, tuned chassis suspension package gleaned from years of street & tracking tuning and is capitalized upon by a crisply European behavior when taxed.

The crown jewel atop, or below, rather…is the Kenny Brown BiTurbo system which gives this Ford Mustang an incredible jump in base horsepower, allowing for incredible pedal response in addition to killer handling characteristics, otherwise.

There’s lots more engineered and applied to this car, so keep reading (or go see the car at SEMA, directly) to get the rest of the story in the press release.


NEW Kenny Brown GT-4T Mustang to be featured in the Dynapack Dyno Exhibit at 2011 SEMA Trade Show in Las Vegas

Wauconda, IL — Kenny Brown is once again taking his latest creation, the GT-4T Mustang dubbed “Mango Tango”, on the road again. The vehicle’s next stop will be Las Vegas where it will be featured in the Dynapack Dyno booth (24801) at the 2011 SEMA Trade Show on November 1-4.

A few lucky people were able to get a sneak peek at Kenny’s newest pony while attending his 25th anniversary celebration near Indianapolis, IN in September. 

Since then Kenny has been making additional tweaks to the car at the Wauconda, IL manufacturing facility and it’s now ready for an official debut in front of the world’s largest gathering of automotive industry professionals. 

This new GT-4T Mustang will also be front and center at all 2012 Kenny Brown Driving Experience and track tour stops where Kenny will showcase his “Stable” of NEW 2012 Mustangs and other notable cars from the past 25 years.

The awesome NEW GT-4T Mustang features the latest in Kenny’s street/track arsenal, most notably his GT-4 Chassis and Suspension Package, which is the heart and soul of this Mustang. 

Kenny’s NEW GT-4 suspension for 2005-2012 Mustangs has garnered accolades from media and racing professionals alike, and is arguably the most effective street and track weapon on the market today. Kenny’s NEW BiTurbo system is what really moves this car, and just like everything else Kenny does, it’s full of innovation and has a distinctly European design and feel.

Keeping with the theme of world-class performance, Kenny has added a host of other goodies from his list of impressive suppliers throughout the development car. Massive Michelin Pilot Sport tires mounted on Weld Racing’s new light-weight RTS wheels only slightly conceal the huge 6-piston Baer brake system, which combined offer unsurpassed grip and braking power. 

Since this Mustang’s a convertible, Kenny has added his Sport Rally Bar to the list of chassis support items, and finished the interior with Sparco seats and harnesses for added driver support.

There is so much more that goes into this development car, and if you’re in the neighborhood you will certainly want to learn more, so be sure to stop by the Dynapack Dyno booth (24801) if you plan on attending the SEMA show. 

If you won’t be in Las Vegas for the show, fear not, you can always visit the Kenny Brown website at to learn more, and see images or video of the car in action.

About Kenny Brown – Kenny Brown, a 25 year veteran in the Mustang performance aftermarket, is legendary for building some of the most technically advanced Ford Mustangs in North America. His critically-acclaimedhigh performance suspension components for street and track-day Mustangs are some of the best and most innovative in the aftermarket. Kenny is a well-known celebrity in the Ford aftermarket and has played a critical role in Mustang racing heritage and new product development since 1986.

About Dynapack Dyno — Dynapack Hub Mounted Chassis Dynamometer systems offer higher sensitivity, repeatability and safety than rolling road-type dynamometers. Over 600 Dynapack dynamometer systems are in use worldwide by such prestigious manufacturers as; Honda, Toyota, Nissan, Mitsubishi, Subaru, Ford, GM, Koenigsegg, HKS, Apexi, APR, Roush and many more.


Professor Nouriel Roubini Tips 

50pc Chance of Another Recession – Summary of My Speech in Perth

Author: Nouriel Roubini · October 25th, 2011 ·

From Perth Now:

THE economist known as “Dr Doom” has tipped a more than 50 per cent chance of another global recession that could force the break-up of the eurozone.

Professor Nouriel Roubini spelled out for delegates at the Commonwealth Business Forum in Perth today there were potential positive and negative impacts stemming from the current global financial turbulence and uncertainty surrounding the Eurozone.

Specifically, he suggested there was a “significant probability” of a double dip recession engulfing most advanced economies around the world, stemming from unresolved issues in Europe.

“In my view, there’s a significant probability – more than 50 per cent – that over the next 12 months, there’s going to be another recession in most advanced economies,” the New York University professor said.

“If we look at the situation in the United States, in the Eurozone and in the United Kingdom, the chances of another recession are significant.

“Whether you call it a double dip recession, or a cultivation of the first recession or a second recession it doesn’t matter – it’s semantic.”

Professor Roubini also suggested there could be disorderly defaults and, in turn, a disorderly break up of the Eurozone

“If we’re asking ourselves whether the recession in advanced economies is going to be mild or whether it will be severe…the answer very much depends on what happens in the Eurozone,” he explained.

“If the Eurozone is able to control its own crisis, the recession will be relatively mild.

“But if the situation in the Eurozone becomes disorderly, with defaults by a number of countries, and [there is ] a disorderly exit of a number of members of the Eurozone, and eventually a break up, that shock could be as large, if not larger, than the disorderly collapse of Lehmann [Brothers] in the fall of 2008.”

He also mooted a “hard landing” for China’s economy in the not too distant future because of its “unsustainable model” based on significant over investment, which he said now makes up almost 50 per cent of the nation’s GDP.

“Over investment booms during the last 60 years have resulted in a hard landing for that economy,” he said.

He added that China’s massive growth will stall by 2013-14, increasing the chances of a hard landing.

Two rounds of thunderous applause greeted Professor Roubini at the close of his 45 minute presentation to the diverse corporate audience on the first day of the Commonwealth Business Forum.

Mining magnate Gina Rinehart and well-regarded deal-maker and Commonwealth Business Council member, Mark Barnaba were among the throng of business-minded attendees listening attentively to the speech from the man who predicted the global financial crisis two years prior to the fallout.

Even Dr Mohan Kaul, the boss of the Commonwealth Business Council which oversees the Forum, was impressed by the quality of Professor Roubini’s interpretation and forecast of global economic factors.

“Wow,” Dr Kaul said.

“What a speech!”

One member of the audience who wished to remain unidentified said he was blown away by the pace at which the economist delivered his dire predictions.

“He hardly even took a breath,” he said.



Mango shrimp lollipops

2 very ripe mangos, peeled, seeded, and roughly chopped
1/2 cup cream of coconut, such as Coco Lopez
2 garlic cloves, roughly chopped
1 canned chipotle chile in adobo sauce, roughly
2 tablespoons fresh lime juice
1 tablespoon dark rum
1 tablespoon finely grated peeled fresh ginger
1 teaspoon Tabasco sauce
1/2 teaspoon ground coriander
1/2 teaspoon ground cumin
1 teaspoon salt
2 tablespoons finely chopped fresh cilantro
24 large shrimp (21-25 shrimp per pound), peeled and deveined
24 lollipop sticks (or 4-inch-long wood skewers)


By Will Cavan
Executive Director
International Mango Organization (IMO)
Vista, California

November 01, 2011

Just days from their annual mango conference, Peruvian mango growers and exporters are staring down what looks to be the "Mother of all bumper crops" with an estimated 13,750,000 (4kg) cartons on the low side to a high of 17,750,000 (4kg) cartons of exportable fruit for the upcoming mango season.

This compounded by last season's horribly managed export campaign could spell eminent danger for Peru's mango industry.

Last season Peru flooded the USA market with 12,000,000 cartons. Just think of the havoc they will reap on global markets this year with almost 50% more production ?

The Piura region will start harvesting early fruit later on this month in the San Lorenzo valley, with the bulk of export harvests beginning around the 10th of December.

The Olmos / Motupe valley begins later on with The Cazma region shipping Peru's final mango production in the February through April window.

Will the mango exporters finally get their act together ?

Only time will tell.

Odds favor another sea of mangoes washing ashore from Peru this season.


Cathay Takes First 747-8 Freighter

JOC Staff | Nov 1, 2011 1:53PM GMT

The Journal of Commerce Online - News Story

Delivery follows troubled launch for new all-cargo aircraft

Boeing delivered its first 747-8 freighter to Cathay Pacific Airways this week, making the Hong Kong-based airline the second carrier to take the aircraft and giving the aircraft manufacturer a needed boost in its troubled program.

The delivery to Cathay follows a troubled first delivery of the 747-8 last month to Cargolux, which at first refused to take the aircraft because of concerns over the plane’s promised fuel efficiency.

Those questions apparently have been resolved and Cathay has said it is satisfied with the operating characteristics of the next-generation widebody freighter.

Cathay said the plane, with its improved payload capacity and efficiency, will help solidify the carrier’s Hong Kong base as the central hub for air freight out of Asia.

But the deliveries — and Cathay has nine more of the planes on order — come in a lackluster air freight market that has seen shipping demand from Asia fall off in the second half of 2011 and airlines pull capacity from the region.



Visit of Japanese delegation to the Mango City of Pakistan-Multan

The Japan – Pakistan Association Director Mr. ISAO NAKAGAWA and International Business Sales Promotion Director Ms. KUMIKO TSUJI Kathy along with Dr. Amjad Japanese Coordinator visited the Mango City of Pakistan – Multan to have dialogue with members of Mango Growers Association for import of Mango to Japan.

While talking with Mango Growers Association delegation headed by its President Syed Zahid Hussain Gardezi it was learnt that Government of Japan has allowed import of “Chaunsa” & “Sindhri” varieties of Mangos from Pakistan under permissible restrictions of Vapor Heat Treatment (VHT).

The delegation was briefed by Zahid Hussain Gardezi during their visit to a Mango Orchard near Multan; regarding the steps being taken by the Growers to enhance the value of Pakistan Mango. 

He said that presently we are adopting Hot Water Treatment and Irradiation technology to combat the menace of Fruit Fly and fungal diseases in mango. He said that due to Good Agriculture Practices GAP and strict adherence to Global Standard Pakistan Mango has been allowed access to European Market and USA. 

He proposed joint venture with interested Japanese Importers and establishment of VHT in Multan and other Mango producing areas of Pakistan.

The Japanese delegation also visited Agro Food Processing Facility - AFP (Mango Pulp Plant) along with the members of the Mango Growers Association. Former Chairman Board of Management AFP and President Mango Growers Association Zahid Hussain Gardezi briefed the Japanese the delegation and told them that AFP is producing world class Pulp in conformity to the International Standard.

The delegation of Mango Growers Association comprised of Mr. Khizer Abbas Bukhari, Mr. Muhammad Khan Sadozai, Dr. Azhar Abbas, Syed Faisal Abbas, Umer Ali Shah, Mr. Muhammad Ansar Jamal and Haji Idrees.

Al Murtaza
Mango Growers Association
cell: 0300-6362003
Tel: 061-4513102

Publication date: 11/1/2011


Peru's mango growers and exporters will hold their tenth mango congress this week at the hotel Rio Verde in Piura, Peru this week.

This is an annual opportunity for growers and Shippers to meet and discuss the state of the mango industry as well as a chance for importers to travel to Peru and meet with exporters prior to the beginning of the Peruvian season.

Peru expects to begin shipping mangoes at the beginning of December 2011.

The mango season in Peru runs from December through March.

Date: Thursday, November 3, 2011 - Friday, November 4, 2011
Company: APEM
Contact: Juan Carlos Rivera


Sirva la presente comunicación para invitarlos a participar en nuestro “Dècimo Congreso Internacional sobre el Mango Peruano”, que se desarrollará durante los días 03 y 04 de noviembre del año 2011 en la ciudad de Piura. 

El evento se ha realizado con éxito durante los últimos nueve años, convocando a las personas y empresas relacionadas con la industria de exportación de mangos y otras frutas frescas, asimismo ha servido como facilitador de contactos comerciales entre las principales empresas relacionadas a la agro exportación y los productores de mango y otras frutas.

Date: Thursday, November 3, 2011 - Friday, November 4, 2011
Company: APEM
Contact: Juan Carlos Rivera


Russia: Rebuilding an Empire While It Can

October 31, 2011 | 2123 GMT

By Lauren Goodrich

U.S.-Russian relations seem to have been relatively quiet recently, as there are numerous contradictory views in Washington about the true nature of Russia’s current foreign policy

Doubts remain about the sincerity of the U.S. State Department’s so-called “reset” of relations with Russia — the term used in 2009 when U.S. Secretary of State Hillary Clinton handed a reset button to her Russian counterpart as a symbol of a freeze on escalating tensions between Moscow and Washington. 

The concern is whether the “reset” is truly a shift in relations between the two former adversaries or simply a respite before relations deteriorate again.

The reset actually had little to do with the United States wanting Russia as a friend and ally. 

Rather, Washington wanted to create room to handle other situations — mainly Afghanistan and Iran — and ask Russia for help. (Russia is aiding in moving supplies into Afghanistan and withholding critical support from Iran.)

 Meanwhile, Russia also wanted more room to set up a system that would help it create a new version of its old empire.

Russia’s ultimate plan is to re-establish control over much of its former territories

This inevitably will lead Moscow and Washington back into a confrontation, negating any so-called reset, as Russian power throughout Eurasia is a direct threat to the U.S. ability to maintain its global influence. This is how Russia has acted throughout history in order to survive. The Soviet Union did not act differently from most of the Russian empires before it, and Russia today is following the same behavioral pattern.

Geography and Empire-Building

Russia’s defining geographic characteristic is its indefensibility, which means its main strategy is to secure itself. Unlike most powerful countries, Russia’s core region, Muscovy, has no barriers to protect it and thus has been invaded several times. 

Because of this, throughout history Russia has expanded its geographic barriers in order to establish a redoubt and create strategic depth between the Russian core and the myriad enemies surrounding it. 

This means expanding to the natural barriers of the Carpathian Mountains (across Ukraine and Moldova), the Caucasus Mountains (particularly to the Lesser Caucasus, past Georgia and into Armenia) and the Tian Shan on the far side of Central Asia. 

The one geographic hole is the North European Plain, where Russia historically has claimed as much territory as possible (such as the Baltics, Belarus, Poland and even parts of Germany). In short, for Russia to be secure it must create some kind of empire.

There are two problems with creating an empire: the people and the economy. 

Because they absorb so many lands, Russian empires have faced difficulties providing for vast numbers of people and suppressing those who did not conform (especially those who were not ethnic Russians). 

This leads to an inherently weak economy that can never overcome the infrastructural challenges of providing for the population of a vast empire. However, this has never stopped Russia from being a major force for long periods of time, despite its economic drawbacks, because Russia often emphasizes its strong military and security apparatus more than (and sometimes at the expense of) economic development.

Maintaining a Strong State

Russian power must be measured in terms of the strength of the state and its ability to rule the people. 

This is not the same as the Russian government’s popularity (though former president and current Prime Minister Vladimir Putin’s popularity is undeniable); it is the ability of the Russian leadership, whether czar, Communist Party or prime minister, to maintain a tight grip on society and security. 

This allows Moscow to divert resources from popular consumption to state security and to suppress resistance. If the government has firm control over the people, popular discontent over politics, social policies or the economy do not pose a threat to the state — certainly not in the short term.

It is when the Russian leadership loses control over the security apparatus that Russian regimes collapse. For example, when the czar lost control of the army during World War I, he lost power and the Russian empire fell apart. 

Under Josef Stalin, there was massive economic dysfunction and widespread discontent, but Stalin maintained firm control over both the security apparatuses and the army, which he used to deal with any hint of dissent. 

When Putin came to power in 1999, the Russian state was broken and vulnerable to other global powers. In order to regain Russia’s stability — and eventually its place on the global stage — Putin first had to consolidate the Kremlin’s power within the country, which meant consolidating the country economically, politically and socially. 

This occurred after Putin reorganized and strengthened the security apparatuses, giving him greater ability to dominate the people under one political party, purge foreign influence from the economy and build a cult of personality among the people.

Putin then set his sights on a Russian empire of sorts in order to secure the country’s future. This was not a matter of ego for Putin but a national security concern derived from centuries of historic precedent.

Putin had just seen the United States encroach on the territory Russia deemed imperative to its survival: Washington helped usher most Central European states and the former Soviet Baltic states into NATO and the European Union; supported pro-Western “color revolutions” in Ukraine, Georgia and Kyrgyzstan; set up military bases in Central Asia; and announced plans to place ballistic missile defense installations in Central Europe. 

To Russia, it seemed the United States was devouring its periphery to ensure that Moscow would forever remain vulnerable.

Over the past six years, Russia has pushed back to some degree against Western influence in most of its former Soviet states. 

One reason for this success is that the United States has been preoccupied with other issues, mostly in the Middle East and South Asia. Moreover, Washington has held the misconception that Russia will not formally attempt to re-create a kind of empire. But, as has been seen throughout history, it must.

Putin’s Plans

Putin announced in September that he would seek to return to the Russian presidency in 2012, and he has started laying out his goals for his new reign.

 He said Russia would formalize its relationship with former Soviet states by creating a Eurasia Union (EuU); other former Soviet states proposed the concept nearly a decade ago, but Russia is now in a position in which it can begin implementing it. 

Russia will begin this new iteration of a Russian empire by creating a union with former Soviet states based on Moscow’s current associations, such as the Customs Union, the Union State and the Collective Security Treaty Organization. This will allow the EuU to strategically encompass both the economic and security spheres.

The forthcoming EuU is not a re-creation of the Soviet Union. Putin understands the inherent vulnerabilities Russia would face in bearing the economic and strategic burden of taking care of so many people across nearly 9 million square miles. This was one of the Soviet Union’s greatest weaknesses: trying to control so much directly. 

Instead, Putin is creating a union in which Moscow would influence foreign policy and security but would not be responsible for most of the inner workings of each country. Russia simply does not have the means to support such an intensive strategy. Moscow does not feel the need to sort through Kyrgyz political theater or support Ukraine’s economy to control those countries.

The Kremlin intends to have the EuU fully formed by 2015, when Russia believes the United States will return its focus to Eurasia. 

Washington is wrapping up its commitments to Iraq this year and intends to end combat operations and greatly reduce forces in Afghanistan, so by 2015, the United States will have military and diplomatic attention to spare. This is also the same time period in which the U.S. ballistic missile defense installations in Central Europe will break ground. To Russia, this amounts to a U.S. and pro-U.S. front in Central Europe forming on the former Soviet (and future EuU) borders. 

It is the creation of a new version of the Russian empire, combined with the U.S. consolidation of influence on that empire’s periphery, that most likely will spark new hostilities between Moscow and Washington.

This could set the stage for a new version of the Cold War, though it would not be as long-lived as the previous one. Putin’s other reason for re-establishing some kind of Russian empire is that he knows the next crisis to affect Russia most likely will keep the country from ever resurging again: Russia is dying. 

The country’s demographics are among some of the world’s worst, having declined steadily since World War I. Its birth rates are well below death rates, and it already has more citizens in their 50s than in their teens. 

Russia could be a major power without a solid economy, but no country can be a global power without people. This is why Putin is attempting to strengthen and secure Russia now, before demographics weaken it. 

However, even taking its demographics into account, Russia will be able to sustain its current growth in power for at least another generation. 

This means that the next few years likely are Russia’s last great moment — one that will be marked by the country’s return as a regional empire and a new confrontation with its previous adversary, the United States.



By Will Cavan
Executive Director
International Mango Organization (IMO)
Vista, California

November 01, 2011

Three vessels set sail from ports in Ecuador carrying mangoes for three southern California ports.

Two are Banana boats with estimated arrival date of October 30 and one is a commercial carrier with an estimated arrival date of October 26th.

The commercial carrier is delayed along the way, probably at the Pananma canal and arrives at the port of Los Angeles on the 30th of October.

The two Banana boast are on time as usual. One, the DOLE vessel HONDURAS arrives at the port of San Diego,to the south of Los Angeles, and the other; GREAT WHITE FLEET vessel HANSA VISBY arrives at port Hueneme to the north of Los Angeles.

NYK LINE vesssel IZU arrives at the port of Los Angeles.

58% of the cargo is delivered at the port of Los Angeles.

36% of the cargo is delivered at the port of Hueneme.

The remaining 6% of the cargo is delivered at the port of San Diego.


COAST TROPICAL continues to dominate west coast arrivals with 58% of product received or 42,240 (4kg) cartons shipped.

FRESKA PRODUCE received 29% of of the west coast arrivals with 21,120 cartons.

BORG PRODUCE received one container with 5,016 cartons for a 7% share of west coast arrivals on the 30th of October.

VIP MARKETING received a light container with 4,224 cartons through the port of San Diego.


RICABERTO S.A. shipped 58% of the cargo to COAST TROPICAL that arrived on the 30th of October 2011.

DUREXPORT shipped 29% of the arrivals through two ports to FRESKA PRODUCE.

BLIX S.A. shipped one container with 5,016 cartons to BORG PRODUCE via the port of Los Angeles.

REFIN S.A. shipped one container with 4,224 cartons through the port of San Diego to VIP MARKETING.

Total west coast arrivals on October 30th 2011 were 72,600 cartons of mangoes from Ecuador.


Malibu, Ne-Yo stir up new coconut rum, silver tequila blend

Published 01 November 2011

Pernod Ricard's Caribbean coconut rum brand Malibu has formed a long-term partnership with Ne-Yo, an R&B singer and songwriter, film and television actor, to launch Malibu Red, a new product that is a 70-proof blend of smooth coconut rum and silver tequila.

Scheduled to launch in March 2012, Malibu Red comes in a silver and red bottle. The debut will be supported by TV, print, online and OOH advertising, digital and exclusive multi-media content, public relations, events, on- and off-premise sampling, point-of-sale merchandise and others.

Malibu global marketing director Ian Crystal said Malibu Red is not just another celebrity-endorsed product

"Turning the term partnership on its head, Ne-Yo has really served as the creative director of Malibu Red from beginning to end, lending his 'smooth' talents and creative vision to create a product experience from flavor to film that will push boundaries in the spirits category," Crystal added.

Malibu Red will be available both in the on-premise and off-premise, and will retail at a premium to Malibu.

Malibu and Ne-Yo completed a commercial shoot in Spain that will provide a variety of brand assets, from videos and short films to behind-the-scenes images. The shoot charts Ne-Yo's creative interpretation of the product and its development.

Malibu is sold in more than 150 countries. The brand portfolio includes Original, Mango, Island Melon, Pineapple, Passion Fruit and Tropical Banana flavors. It also offers MALIBU® Cocktails Caribbean Cosmo and MALIBU Cocktails Rum Punch.