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Rouble tipped for strong rise over three years

The comments come after the Russian currency rebounded by up to 20% against the US dollar in 2009, buoyed by energy and commodity prices, after having been allowed to depreciate by 35% between November 2008 and January 2009.

Yaroslav Lissovolik, Chief economist at Deutsche Bank, backed Klepach’s view on the Rouble agreeing that the outlook for crude prices and the less interventionist role flagged by the Central Bank of Russia point to the likelihood of appreciating

“I think, this forecast is quite a realistic one and there are two major reasons for that. First, it’s the course for a more liberal monetary policy, with a more flexible exchange rate. And second, it’s rising oil prices that push Rouble up.”

Danila Levchenko, Chief economist at Otkritie FC, believes that with the Central Bank retaining the capacity to intervene in the market, political considerations are unlikely to allow the Rouble to appreciate as much as the Deputy Minister has warned about.

“I don’t completely agree with the official forecast. Today we don’t have a free floating currency and any decision is mostly a political one. There are different lobby groups in our government, with one of then targeting at a stronger Rouble to attract more foreign investment and others seeing a weaker Rouble as a way to stimulate Russian economy. And, I think, the future of the Rouble depends on which party wins.”

Despite the central bank’s adoption of a less interventionist approach, Lissovolik does not believe the Russian currency will be floated in the short to mid term.

“To my mind, Russia’s Central Bank isn’t yet ready to let Rouble free float. It’s necessary to prepare both households and companies for high volatility. I mean, it should be done more gradually, with Rouble appreciating step by step each year. And a complete free float will take more time, I think. ”

The psychology of moving to a free floating rouble also has Otkritie FC’s Levchenko saying it isn’t likely to come any time soon.

“The main question here is to whether the country is psychologically ready for it. And today we are still too dependent on the commodity market, which makes Russia unlikely to have its Rouble free floating any time soon.”

Levchenko noted that significant rouble appreciation would have lead to other significant problems for Russian macroeconomic management.

“Such a growth would lead to the inflow of speculative capital and create a lot of various bubbles in Russia’s economy and its financial markets. Of course, high inflation would also be one of the consequences.”

Lissovolik added that manufacturing and import competing sectors of the economy would be likely to bear the brunt of any significant Rouble appreciation.

“A stronger Rouble will damage economic competitiveness and some income items in the Federal budget. Moreover, it will slow down the recovery in manufacturing.”

Despite warning of the risks of allowing the rouble to appreciate too quickly, Deputy Economic Minister Klepach suggested that the economy could grow this year by about 4-4.5%, higher than the official forecast of 3%. The economy Ministry estimates that Russian GDP rose by 5.2% in January after contracting by 7.9% in 2009, with Industrial production up by 7.8% according to the Federal statistics service.

Danila Levchenko forecast that the cvurrency for the short term would be likely to stay close to where it is against the US dollar, with the strength of any economic rebound likely to dictate its appreciation over the longer term.

“Short term, I think, it’ll be stable and remain at 29 – 30 Roubles per Dollar until the end of 2010. A longer perspective largely depends on the pace of economic recovery. If the economy recovers at a high pace, than appreciation at, say, 10% at the maximum will be quite possible and comfortable for the Russian economy. ”

Read also: Economy: Russia outstrips BRIC peers

Rouble tipped for strong rise over three years


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Tags: rising oil prices, chief economist, interventionist approach, crude prices, russian currency

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American SENDS BACK Adopted Russian Son

MOSCOW — Russia threatened to suspend all child adoptions by U.S. families Friday after a 7-year-old boy adopted by a woman from Tennessee was sent alone on a one-way flight back to Moscow with a note saying he was violent and had severe psychological problems.

The boy, Artyom Savelyev, was put on a plane by his adopted grandmother, Nancy Hansen of Shelbyville.

“He drew a picture of our house burning down and he’ll tell anybody that he’s going to burn our house down with us in it,” she told The Associated Press in a telephone interview. “It got to be where you feared for your safety. It was terrible.”

Russian Foreign Minister Sergey Lavrov called the actions by the grandmother “the last straw” in a string of U.S. adoptions gone wrong, including three in which Russian children had died in the U.S.

In an exclusive interview with ABC News’ George Stephanopoulos, Dmitry Medvedev said the boy “fell into a very bad family.”

“It is a monstrous deed on the part of his adoptive parents, to take the kid and virtually throw him out with the airplane in the opposite direction and to say, ‘I’m sorry I could not cope with it, take everything back’ is not only immoral but also against the law,” Medvedev said.

The cases have prompted outrage in Russia, where foreign adoption failures are reported prominently. Russian main TV networks ran extensive reports on the latest incident in their main evening news shows.

The Russian education ministry immediately suspended the license of the group involved in the adoption – the World Association for Children and Parents, a Renton, Washington-based agency – for the duration of an investigation. In Tennessee, authorities were investigating the adoptive mother, Torry Hansen, 33.

Any possible freeze could affect hundreds of American families. Last year, nearly 1,600 Russian children were adopted in the United States, and more than 60,000 Russian orphans have been successfully adopted there, according to the National Council For Adoption, a U.S. adoption advocacy nonprofit group.

“We’re obviously very troubled by it,” U.S. State Department spokesman P.J. Crowley said in Washington when asked about the boy’s case. He told reporters the U.S. and Russia share a responsibility for the child’s safety and Washington will work closely with Moscow to make sure adoptions are legal and appropriately monitored.

Asked if he thought a suspension by Russia was warranted, Crowley said, “If Russia does suspend cooperation on the adoption, that is its right. These are Russian citizens.”

“Child abandonment of any kind is reprehensible,” said Chuck Johnson, acting CEO of the National Council For Adoption. “The actions of this mother are especially troubling because an already vulnerable, innocent child has been further victimized.”

The boy arrived unaccompanied in Moscow on a United Airlines flight on Thursday from Washington. Social workers sent him to a Moscow hospital for a health checkup and criticized his adoptive mother for abandoning him.

The Kremlin children’s rights office said the boy was carrying a letter from his adoptive mother saying she was returning him due to severe psychological problems.

“This child is mentally unstable. He is violent and has severe psychopathic issues,” the letter said. “I was lied to and misled by the Russian Orphanage workers and director regarding his mental stability and other issues. …

“After giving my best to this child, I am sorry to say that for the safety of my family, friends, and myself, I no longer wish to parent this child.”

The boy was adopted in September from the town of Partizansk in Russia’s Far East.

Nancy Hansen, the grandmother, told The Associated Press that she and the boy flew to Washington and she put the child on the plane with the note from her daughter. She vehemently rejected assertions of child abandonment by Russian authorities, saying he was watched over by a United Airlines stewardess and the family paid a man $200 to pick the boy up at the Moscow airport and take him to the Russian Education and Science Ministry.

Nancy Hansen said a social worker checked on the boy in January and reported to Russian authorities that there were no problems. But after that, the grandmother said incidents of hitting, kicking, spitting began to escalate, along with threats.

She said she and her daughter went to Russia together to adopt the boy, and she believes information about his behavioral problems was withheld from her daughter.

“The Russian orphanage officials completely lied to her because they wanted to get rid of him,” Nancy Hansen said.

She said the boy was very skinny when they picked him up, and he told them he had been beaten with a broom handle at the orphanage.

Joseph LaBarbera, a clinical psychologist at Vanderbilt University Medical Center in Nashville, said adoptive parents are many times not aware of the psychological state of children put up for adoption.

“Parents enter into it (foreign adoption) with positive motivations but, in a sense, they are a little bit blindsided by their desire to adopt,” said LaBarbera, who specializes in the psychological evaluation of children and has worked with a number of children adopted from Russia and other foreign countries. “They’re not prepared to appreciate, psychologically, the kinds of conditions these kids have been exposed to and the effect it has had on them.”

Russian state television showed the child in a yellow jacket holding the hands of two chaperones as he left a police precinct and entered a van bound for a Moscow medical clinic.

The U.S. ambassador to Russia, John Beyrle, said he was “deeply shocked by the news” and “very angry that any family would act so callously toward a child that they had legally adopted.”

Anna Orlova, a spokeswoman for Kremlin’s Children Rights Commissioner, told The Associated Press that she visited the boy and he told her that his mother was “bad,” “did not love him,” and used to pull his hair.

Russian officials said he turned up at the door of the Russian Education and Science Ministry on Thursday afternoon accompanied by a Russian man who handed over the boy and his documents, then left, officials said. The child holds a Russian passport.

Rob Johnson, a spokesman for the Tennessee Department of Children’s Services, said the agency is looking into Friday’s allegations, although it does not handle international adoptions.

Bedford County Sheriff Randall Boyce also said Torry Hansen was under investigation, but he hasn’t interviewed the Hansens because their lawyer has advised them not to talk.

Lavrov said his ministry would recommend that the U.S. and Russia hammer out an agreement before any new adoptions are allowed.

“We have taken the decision … to suggest a freeze on any adoptions to American families until Russia and the U.S.A. sign an international agreement” on the conditions for adoptions, Lavrov said.

He said the U.S. had refused to negotiate such an accord in the past but “the recent event was the last straw.”

Pavel Astakhov, the children rights commissioner, said in a televised interview that a treaty is vital to protect Russian citizens in other countries.

“How can we prosecute a person who abused the rights of a Russian child abroad? If there was an adoption treaty in place, we would have legal means to protect Russian children abroad,” he said.

Stephen Flanagan, senior vice president at the Center for Strategic and International Studies in Washington, said the strong Russian reaction should not be a surprise.

“It’s another sign of their incapacities at home, so when they see a former Russian citizen overseas mistreated or perceived to be mistreated it’s something they try to use politically, but I can’t see it leading to a rupture in U.S.-Russian relations,” Flanagan said. “It’s an unfortunate thing but it’s in a different category.”

Despite the uproar over adoptions, placing children inside Russia remains difficult. There are more than 740,000 children without parental custody in Russia, according to UNICEF, the United Nations Children’s Fund.

Previous adoption failures have increased Russian officials’ wariness of adoptions to the U.S.

In 2006, Peggy Sue Hilt of Manassas, Virginia, was sentenced to 25 years in prison after being convicted of fatally beating a 2-year-old girl adopted from Siberia months earlier.

In 2008, Kimberly Emelyantsev of Tooele, Utah, was sentenced to 15 years after pleading guilty to killing a Russian infant in her care.

And in March of this year, prosecutors in Pennsylvania met with a Russian diplomats to discuss how to handle the case of a couple accused of killing their 7-year-old adopted Russian son at their home near the town of Dillsburg.

Hall reported from Nashville, Tennessee. Associated Press writers Travis Loller in Nashville, Joshua Freed in Minneapolis, and Foster Klug and Robert Burns in Washington contributed to this report.

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American SENDS BACK Adopted Russian Son


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Tags: adoptio, foreign adoption, russian orphans, children and parents, psychological problems

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Is it ok to put 1/4″ Luan over a 3/4″ subfloor and then install a hardwood floor over that?

We are trying to bring the kitchen floor up 1/4″ to meet the adjoining room but aren’t sure if it’s ok? Also, would we need to put rosin paper between the 3/4″ & 1/4″ subfloors? thanks!

Is it ok to put 1/4″ Luan over a 3/4″ subfloor and then install a hardwood floor over that?

Tags: luan, kitchen floor, subfloor

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How about another blonde joke?

A brunette is walking through the country,when she finds A bottle.She rubs it and,you guessed it,A genie apears.The Genie says “You can have 3 wishes.But I must warn you,anything you get,all the blondes in the world get 2 times as much”The woman says”ok,give me A nice house”The Genie replies”now you nave 1 nice house & all the blondes in the world have 2″Then the lady says”Give me A gorgeous man”The Genie replies”Now you have 1 gorgeous man while all blondes have 2″The brunette says”For my last wish,Genie,See that stick over there?Beat me half to death w/ it.

How about another blonde joke?


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Tags: last wish, blondes, blonde joke, genie, walking through the country

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Robert Pattinson | Club Sea Breeze TV

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Robert Pattinson | Club Sea Breeze TV


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Tags: express train, viable business, csb, mutual success, business approach

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10 Celebrities That Twitter

At Mademan.com, a website operated by ChickiP, LLC (“ChickiP”), we are committed to respecting people’s privacy online. We are also committed to providing you with the very best experience we can on our website. In order to do so, we may gather certain personal information about you. Please read the following policy to understand how your personal information will be treated as you make full use of our website.

By using Mademan.com, you consent to the collection and use of your information by ChickiP as described in this Policy, and you signify your agreement to the Mademan Privacy Policy.
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Information, pictures and media files you upload to your account (“Submissions”) will be posted on the site, subject to our Users Terms and Conditions and accessible by all visitors to the site (unless you expressly restrict such access through your account settings), and ChikiP has no control over, and shall incur no responsibility for, how such visitors will use such Submissions. ChikiP reserves the right (but not the obligation) to remove or edit Submissions, but does not regularly review Submissions.

10 Celebrities That Twitter

Tags: obligation, account settings, celebrities, submissions, inclusion

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Goodnight Moon: Michael Griffin on the future of NASA

Ars: What was your initial reaction to the news that the Obama administration’s plans for NASA did not include an immediate return to the Moon, and, as a result, continued funding for the Constellation Program

Goodnight Moon: Michael Griffin on the future of NASA


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Tags: return to the moon, nasa, michael griffin, ars, goodnight moon

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Be careful how you “April Fool” someone!?

Last year my girl friend almost ruined me.She pretended to have a siesure. She’s not prone to them and she isn’t the type to play stupid tricks. She did it good too. She was on the floor convulsing, drooling foamy spit out the corner of her mouth, eyes rolled back, making sick gargling noises and all.This went on for a solid 3 minutes and I was frantic, crying and totally losing it….then she cracked up and started laughing.Thats when I snaped. I was furious, crying even harder. And then she realized how bad it screwed me up after I threw the phone book at her and wouldn’t speak to or sleep in the same room with her that evening.I can ALMOST laugh about it now…I told her if she ever EVER did anything like that again I would shave her head right there on the spot!She did rub it in my face that the phone book was painful. I tell her she’s lucky it wasn’t something larger or heavier!

Be careful how you “April Fool” someone!?

Tags: girl friend, stupid tricks, siesure, sleep

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Manor news April 1

The Ohio Valley Manor residents enjoyed visits from family and friends the week of March 11 through 18.  Bessie Sidwell spent time with Murl Bradford and Nancy Haitz.  Myrtie Vaughn was pleased to see Kathy Birchfield, Joyce Rickey, Ethel Goeche, Judy Walker, Debbie Hines, Markie, Joe and Margie Vaughn.  Danny Sam Hillard visited with resident David Shively.  Leroy Stout’s company included Dawn Grippa, Pastor George Vance and Dawn Platt.
 Oscar Hoop was happy to see Richard and Ruth Young.  Pastor George Vance and Susan Klump came to see resident Mary Klump.  Pastor Vance also stopped in to see resident Charles Meadows.  June Walton’s company included Arlene Hall, Kristen Kennedy, Bill and Mary Jane Warren.  Evelyn Baird spent time with Jane Merrill, Nancy Haitz and Rob Ramby.  Beluris Lanter came to see resident Eula Naylor.
 Dawn Grippa, Roy Helbling, Ron Moffitt and Gwen Gillespie of Virginia came to visit with resident Donald Penick.  Betty Mikles enjoyed spending time with Debbie Ross, Lory Powers and Becky Williams.  Mona Wagner’s visitors included Dawn Grippa, Samone Kuttler and Race Wagner.  Greg and Beth Tumey came to see resident Mary Cooper.
Anna Roush was pleased to visit with Patty L. Smalley.
 In addition to visiting the residents listed above we also stopped in to see:  Margaret Fuhrman, Edith West, Thelma Himes, Helen Kerr, Bob Koewler, Virginia “Lee” Hunt, Sylvia Brand, Imelda Kimball, Lila Hardyman, Kathryn Tong, Alice Nash, Edward McCown, Virginia Riddell, Virginia Penny, Robert Schmidt, Irma Purdy, Roy Copple, Jeanetta Carrington, William Clinger, Allene Tuel (who wasn’t in), Bryan Patrick, Judy Burson, Patsy Bradford, Harriet Hosey and Nancy Henderson,  Please remember the Easter services going on this week.  Happy Resurrection Day!

Niya and Jaden Royal write about news at Ohio Valley Manor.

Manor news April 1


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Tags: kristen kennedy, helbling, judy walker, william clinger, helen kerr

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Tea Party Due Diligence: Angela McGlowan Wants Inventory

Angela McGlowan

Tea Party Due Diligence: Angela McGlowan Wants Inventory


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Tags: Diligence, due diligence, tea party, fitness website

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