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Showing posts from July 27, 2013



— Jul. 27 8:57 PM EDT

Pilgrims and residents gather on Copacabana beach before the arrival of Pope Francis for World Youth Day in Rio de Janeiro, Brazil, Saturday, July 27, 2013. Francis will preside over an evening vigil service on Copacabana beach that is expected to draw more than 1 million young people. (AP Photo/Felipe Dana)

Cardinals meet with Pope Francis at St Joaquim Palace in Rio de Janeiro, Saturday, July 27, 2013. Pope Francis took his message to shake up the Catholic Church to bishops from around the world on Saturday, challenging them to get out of their churches and go to the farthest margins of society to find the faithful and preach. (AP Photo/Luca Zennaro, Pool)

Pope Francis celebrates Mass at Rio de Janeiro's Cathedral, Saturday, July 27, 2013. Pope Francis on Saturday challenged bishops from around the world to get out of their churches and preach, and to have the courage to go to the farthest margins of society to find the f…

There's A Shift Within The Stock Market That's Very Telling Of The World's Diverging Economies



Sober Look

Walter Kurtz

Walter Kurtz writes the financial blog Sober Look.

In 2013 it became clear that global growth will remain weak for some time, resulting in downward pressure on cyclical shares. 

US cyclicals did well relative to defensive shares in 2012 after the QE3 announcement because it was thought that the combination of US stimulus and the ECB's backstop of periphery bonds would spur global growth. 

Yet cyclical sectors such as natural resources did not significantly benefit from these central bank actions. Defensive shares began to outperform. 

And after the start of the "taper talk", defensive shares really took off, while cyclicals were held back by sectors such as energy (see post) and homebuilders (see post).

But this malaise in cyclical shares is not limited to the US and varies considerably across global equity markets

Credit Suisse looks at the ratio of cyclical to defensive indices by country to determine which equity markets expec…

CENTRAL FLORIDA : Colorfield Farms' annual Mango Festival wraps up

Friday, July 26, 2013 11:04am

MCT (2011)

Mangoes are the star attraction at Colorfield Farms’ festival in Wimauma.

WIMAUMA — Colorfield Farms' annual Mango Festival concludes today with events running from 9 a.m. to 5 p.m. at the nursery at 8221 State Road 674.

The event features tropical mangoes, sold by the pound on the 20-acre nursery, as well as mango tastings and the sale of more than 40 varieties of mango trees.

Visitors also can enjoy kids activities, guest speakers and educational seminars that focus on growing tropical fruit and creating mango treats.

As for dining, there will be mangoes, of course, as well as mango slushies and ethnic food specialties such as empanadas, Jamaican patties and aguas frescas. Visitors can escape the heat by dining under the farm's shady oak trees.

Admission for the festival, which began July 19 and extended through two weekends, is $5, with free admission for children under 10 and seniors over 65. Parking is free. To reach the farm, take Inters…