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...Geumpang sits in a valley of rice fields at the heart of Ulu Masen. It is famous for its fertile soil and the gold sometimes found in its rivers. Raked by clouds, it is also famously wet: some people joke that the name Geumpang is a contraction of gerimis panjang, the Indonesian for "constant drizzle." A no-go area during the conflict - GAM rebels passed through there on their way between Aceh's east and west coasts - it is now a peaceful place. Children walk to school past paddy fields of ripening rice, while glistening water buffalo wallow in pools...
...city's outskirts, has been surprised by the kind of visitors filling his rooms. After the five-star hotel opened in June 2008, management expected tourists arriving from overseas to see the terra-cotta warriors. When the global recession hit, he feared his business might suffer. Instead he found visitors pouring in from other parts of China, many attending conferences being held by Chinese companies at the hotel. Now, with Chinese clientele making up 80% of his business, Wiegandt has refocused his marketing efforts away from the U.S. and Europe and toward big Chinese cities like Shanghai and Beijing...
...turn of the 20th century and refined and popularized in the subsequent decades by Journal editor William Peter Hamilton. Prechter studied Dow theory but soon moved on to the mostly forgotten work of Ralph Nelson Elliott, an accountant who, while bedridden in the 1930s, charted stock-price movements and found intricate patterns based on the Fibonacci number sequence (in which, after 0 and 1, each number is the sum of the previous two: 1, 2, 3, 5, 8, 13, etc.). The Fibonacci series, like pi, appears frequently in nature. (See the top 10 financial-crisis buzzwords...
...dismissed market cycles as nonsense, have begun to come around at least a little. Yale's Robert Shiller describes market booms and busts as the product of fashion and animal spirits. A trio of academics revisited a famous 1934 paper that debunked the predictions of Dow theorist Hamilton and found that, adjusted for risk, Hamilton's predictions beat the market. MIT's Andrew Lo, a top finance scholar, has made technical analysis one of his main research topics. So maybe there is something to it. Or maybe this is just evidence of a social wave in action...
More than 14% of U.S. families--17 million households--struggled to put food on the table last year, according to a USDA report that found Americans' food insecurity at its highest level since the government started keeping statistics on hunger in 1995. Nearly 7 million households skipped meals or experienced disrupted eating patterns. Most food-insecure households saw adults go without food to shield children from hunger, although 500,000 families reported that their children were also affected...