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Showing posts from October 25, 2012

South Korea economic growth hurt by global slowdown ...

With presidential elections in December, the spotlight is on how to spur growth Related StoriesSouth Korea cuts interest ratesS Korea in $5.2bn stimulus boostIMF cuts S Korea growth forecast

South Korea's economy grew at its slowest pace in nearly three years as the global slowdown hurt demand for its exports and firms cut their investment.

The economy grew at an annual rate of 1.6% in the July to September quarter. That is down from 2.3% in the previous quarter.

Compared with the previous three months, the economy expanded by 0.2%.

South Korea has cut interest rates to spur growth and the weak


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This is TALK OF THE NATION. I'm Neal Conan in Washington. An investigative report on food safety in Bloomberg Markets magazine begins with the story of William Beech(ph), an 87-year-old retired tractor mechanic who loved cantaloupe, ate it almost every day, and suffered a painful death that was later traced to melons contaminate with Listeria.

Beech was one of more than 30 who died in that outbreak last year, the deadliest in almost 100 years, which originated on a farm in Colorado which had just been inspected and received a nearly perfect score, not by the FDA but by a private company that isn't supervised by the government and not required to meet any federal standards.

If you grow fruits and vegetables, process produce or sell it, who ma…

Sandy Rapidly Strengthens Into A Category Two Hurricane Overnight ...

Hurricane Conditions Expected Across The Bahamas From Today Into Friday; 

Tropical Storm Conditions Expected Tonight Through Friday Along Florida’s East Coast;

 Significant To Possibly Major Wind & Coastal Flooding Impact From Eastern North Carolina Northward To New England From Sunday Through Tuesday

Thursday, October 25, 2012 6:45 am
by Rob Lightbown

Hurricane Sandy:

Sandy underwent pretty rapid intensification during the overnight hours and almost became a Category 3 hurricane at one point late last night. As of early this morning, Sandy was positioned on the northeastern coast of Cuba as a 105 mph Category 2 hurricane. 

The hurricane was tracking almost due north at a forward speed of 18 to 19 mph and this northward track will bring Sandy right across the central part of the Bahamas including Cat Island, Rum Cay, Sandy Cay and San Salvador Island this afternoon into tonight.

 Hurricane conditions are likely from today through tonight and right into Friday across much of the Bahamas.