Inflationary pressures 4 December 2008 Addressing the 13the annual National Economic Development and Labour Council (Nedlac) in Pretoria this week, Motlanthe pointed out that the latest growth figures for the country’s economy indicated a tough road ahead. “As demand for our commodities falls throughout Asia and Europe [with growth in these countries faltering], it is not a rosy picture for us at all,” he said. “In South Africa, we need a strong developmental state in order for business to strive.” Besides the sub-prime mortgage crisis that spread through the United States and Europe, he said that the recessionary pressure around the world and rising food prices would affect growth prospects in emerging markets. “It is a process that countries have to engage with in order to make globalisation a positive force for all people,” he said. “An important way in which we are engaging with globalisation is through our efforts at strengthening the regional economy.” He also noted that unemployment in the country was still unacceptably high, and that the gap between the rich and poor had widened. Even before the crisis broke, South Africa’s unemployment rate had already started to rise from 23.1% in the second quarter of 2008 to 23.2% in the third quarter. “At the same time we need to address the ongoing challenge of ensuring an adequate supply of skills to the economy in both private and public sectors,” he said. Positive globalisation Regarding the theme of this year’s summit, “Globalisation, growth and social justice – The role of social dialogue”, Motlanthe pointed out that there was nothing inherently destructive in the process of globalisation. Motlanthe said the launch in August of the South African Development Community Free Trade Area was an important milestone in improving integration through increased regional trade. South African President Kgalema Motlanthe believes the prevailing turmoil on international markets will greatly test South Africa’s economic policies, with the markets likely to get worse before they get better. “Whereas our economy had maintained a growth rate of close to three percent per annum, in per capita terms, from 2004 until early this year, the recent results show that we have entered difficult times,” he said. “The last quarter has registered a growth rate of 0.26%, which indicates that our growth prospects are taking a dive.” Developmental state Motlanthe said the rise in inflation and associated interest rate hikes, and the relative weakness of the rand, had placed increased pressures on the South African economy, affecting the poorest of communities in particular. Business Unity South Africa president and Nedlac’s Organised Labour representative Brian Molefe said emerging market growth was expected to halve in 2009, meaning South Africa would not be spared the affects of the economic slowdown. Motlanthe said that the government was aware that more investments need to be made into transport and energy infrastructure, in order to deal with the constraints the country had experienced in the recent past. Source: BuaNews
David Curry Related Posts Tags:#Autonomous#Britain#driverless#electric#Innovate UK#Self-Driving#UK Break the Mold with Real-World Logistics AI and… IT Trends of the Future That Are Worth Paying A… 5 Ways IoT can Help to Reduce Automatic Vehicle… For Self-Driving Systems, Infrastructure and In… The U.K. government has invested £109 million ($136 million) into a mixture of self-driving and low carbon projects, aimed at spurring innovation and reducing the country’s footprint.A public-private program for low carbon projects, called Advanced Propulsion Centre (APC), received the lion’s share of the investment. Seven projects, led by BMW, Ford, Jaguar Land Rover, and smaller companies, received £62 million ($77 million). The Office for Low Emissions Vehicles awarded £16 million ($20 million) to seven other low-carbon projects.See Also: Panasonic begins work on Denver future smart city, Peña Station nextOne of the projects covers the development of high-power batteries for electric vehicles, another focuses on reducing the weight of EVs to make them cheaper and more accessible.£31 million ($39 million) went to the Centre for Connected and Autonomous Vehicles (CCAV), which sent the cash to 24 projects. The CCAV is an industry-backed program and receives half of its funding from private ventures.Hello, Manchester!The investment will lead to the development of autonomous pods and cars that travel between Stockport train station and Manchester Airport. Other projects include road-ready driverless vehicles and industry machines that could be made autonomous, like forklifts.“Low carbon and driverless cars are the future and as a government, we are determined through the Industrial Strategy to build on our strengths and put the UK at the forefront of this revolution,” said Business Secretary Greg Clark. “Investment in this technology is an integral part of this government’s efforts, to ensure the UK auto sector remains competitive and world-leading.”The U.K. has been at the forefront of autonomous vehicle development in Europe. It legalized self-driving last year on public roads and Innovate UK, a government-backed investor and incubator, has spent millions on startups working on autonomous technology.
Create a impressive Cinema 4D liquid objects effect in less than one minute. Learn how in this video tutorial.The C4DAPT2 event (Cinema 4D Advanced Production Techniques) recently challenged motion designers to show off their best advanced Cinema 4D tricks in less than a minute. The winner was designer Matteo Forghieri, with this totally impressive C4D liquify effect.Be sure to watch in HD, full screen:‘Liquification’ is a popular animation technique that can look intimidating to create, but the tutorial quickly breaks down how to use cloning, tracer objects and segmenting in a simple way. We love the organic look and are thinking of all the ways it can be applied to a variety of project types and animations.If you’re looking to create a liquify effect in After Effects be sure to check out our previous post: Adobe After Effects Video Tutorial: Flying Liquid Blobs.This Cinema 4D video tutorial was first shared on Matteo Forghieri’s Vimeo channel. Thanks for sharing Matteo![tip-off via Lester Banks]
Don’t miss out on the latest news and information. Nursing an 8-6 lead in the final period, UP built an 11-7 buffer off Justine Dorog’s kill.Isa Molde then, scored two of the Lady Maroons’ final three points to secure the victory.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“I’d just like to say that UE played well, we put the pressure on them but we relaxed,” said Okumu. “You saw in the fifth set that we fought back, our defense came back.”“I told my players that if they pass well they will execute well and if they can defend well they will score.” AFP official booed out of forum Diana Carlos and Molde led with UP with 22 and 20 points, respectively, the first time that the duo both scored at least 20 in the same game.Judith Abil led UE with 12 points while Mary Ann Mendrez added 10. FILE PHOTO – Tristan Tamayo/INQUIRER.netUniversity of the Philippines started its new era under new Kenyan head coach Godfrey Okumu with a 25-19, 25-13, 21-25, 16-25, 15-8 win over University of the East in the UAAP Season 80 women’s volleyball tournament Sunday at Mall of Asia Arena.The Lady Maroons survived their disastrous performance in the third and fourth sets where majority of their 46 errors occurred and buckled down in the fifth set.ADVERTISEMENT Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Chief Justice Peralta on upcoming UAAP game: UP has no match against UST PLAY LIST 01:00Chief Justice Peralta on upcoming UAAP game: UP has no match against UST00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Germany wins Davis Cup tie against Australia John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding MOST READ Typhoon Kammuri accelerates, gains strength en route to PH NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Brace for potentially devastating typhoon approaching PH – NDRRMC Read Next 2 ‘newbie’ drug pushers fall in Lucena sting LATEST STORIES Slow and steady hope for near-extinct Bangladesh tortoises View comments
It is the season of Anna and it is no wonder that the biggest fashion statement doing the rounds is to be seen in an Anna T-shirt.The Nehru cap has made a fashionable comeback and this time it has a new name – I am Anna.Young, old, men and women – Anna supporters from every part of the country are sporting the Anna topi (cap).The political statement in white has entered the spiritual space as well. The faithful have an anti-corruption song in their heart and Anna on their mind.Seventy-four-year-old Anna Hazare has triggered a fashion trend and Indians are lapping it up. From Anna T shirts to wrist bands, brand Anna is taking all imaginable and unimaginable form.Being sold by Anna’s India Against Corruption team, these products are selling like hot cakes.T-shirt stores and Khadi Gram Udyogs are also stocking up on Anna products. But the demand still seems to be higher than the supply.A man from Bikaner says, he wanted 600 topis, but managed to get only six, adding he will order more from MP.Anna products are on sale at all protest venues. Proceeds from the sale are going into funding arrangements at the venue itself.”Though it is a trade secret, still I will let you know. We are getting these things from Khadi Gram,” says a trader.While the T-shirts with slogans are priced between Rs 100 and Rs 300, the cap is going between Rs 15 and Rs 40.Other merchandise like the Anna wristbands and posters are going at Rs 20. Some things like the Anna tattoos and flag face-paint are available for free.advertisementAnna Hazare is now sharing space with Che Guevara and Bob Marley on T shirt shelves. He is turning into a cult figure.
Alexis Sanchez celebrates scoring Chile’s first goal. (AP Photo)This is the coverage of the first round of 16 World Cup 2014 match as hosts Brazil take on their South American counterparts Chile at Mineirao Staduim in Belo Horizonte, Brazil. Match Photos Brazil 1-1 Chile (3-2 on penalties) Neymar scored the winning penalty to give Brazil a 3-2 shootout win over Chile in the second round of the World Cup. The match had ended 1-1. Neymar scored the third penalty after David Luiz and Marcelo also scored from the spot. Brazil goalkeeper Julio Cesar saved the first two penalties and watched Gonzalo Jara’s final attempt hit the post. Brazil will next face either Colombia or Uruguay in the quarterfinals. Time for a shootout! Match moves into penalties as second half of extra-time comes to an end. Chile almost scored a few seconds before the end as Pinilla’s shot hit the crossbar. Brazil get a worthy corner, but couldn’t make much of it. 87′: Medel taken off on a stretcher, Rojas replaces him. 72′: Willian steps in place of Oscar, Brazil pushing forward. Match in extra time. End of normal time as Howard Webb blows the whistle. Stay tuned for another 30 minutes of action as Brazil try to sharpen their finishes. 87′: Chile’s Arturo Vidal is substituted for Mauricio Pinilla 55′: Hulk gets booked for handball after his goal is disallowed. Hulk thought he put Brazil ahead 10 minutes into the second half but referee Howard Webb disallowed the goal, ruling Hulk took down a long pass with his arm.advertisement 32′: Sanchez equalises forChile. Brazil gave away the ball from a throw-in and Alexis Sanchez shot it past the keeper right into the bottom corner. Chile equalized in the 32nd after Eduardo Vargas intercepted Hulk’s pass and found Alexis Sanchez, who scored from the right side of the penalty area with a shot toward the far post. 18′: David Luiz scores with his thigh on Neymar’s corner kick, Silva gets a flick on it. David Luiz scored for the World Cup hosts in the 18th minute after Thiago Silva deflected Neymar’s corner kick toward the far post. Luiz was given the goal but Chile defender Gonzalo Jara may have touched the ball before it went in. Chile’s Alexis Sanchez scores his side’s first goal past Brazil’s Thiago Silva. (AP Photo)Chile’s Gonzalo Jara and Brazil’s David Luiz go for the ball before Brazil’s first goal. (AP Photo) For India Today’s World Cup 2014 homepage, click here . VIDEO: How Chile plan to stop Brazil’s Neymar Lineups: Brazil: Julia Cesar; Dani Alves, Thiago Silva, David Luiz, Marcelo; Luiz Gustavo, Fernandinho, Oscar; Hulk, Fred, Neymar. Chile: Claudio Bravo; Mauricio Isla, Gary Medel, Eugenio Mena, Francisco Silva, Gonzalo Jara; Arturo Vidal, Marcelo Diaz, Charles Aranguiz; Alexis Sanchez, Eduardo Vargas.