Patrick Bennett


The Asian economic model under threat 9 October 2009 the weakness of the U.S. dollar without any doubt is one problem not less to global economic stability. The inflationary pressures that will emerge as soon as the global economy stabilizes, is a topic of great concern considering the continuity of the economic recovery. In Asia, the weakness of the U.S. currency threatens the continuity of the economic model of growth through the external sector. Can Asian economies sustain the competitiveness of their currencies? What risks will emerge from this situation? One of the keys to explain permanent trade surplus seen Asian economies is their currency competitiveness against the U.S. dollar. The change of scene derived after the crisis portends a weak dollar for quite some time how will Asian economies to cope with this situation? In the Pacific region to exchange rate appreciation pressures are becoming feel. In Australia, the Central Bank decided start the cycle of rates hikes with a reference of a quarter point interest rate increase, which impact significantly on the type of change. This increase in the Australian dollar exchange rate pressures generated a kind of effect contagion on Asian currencies. So the authorities of Korea of the South, Taiwan, the Philippines and Thailand had to leave to intervene its exchange markets to prevent a dangerous strengthening of their currencies in regard to their competitiveness. Societe Generale strategist Patrick Bennett was referring to what is happening with investors: investors need little encouragement to extend its sales of dollars. Any sign of weakness in the U.S. economy or any sign of a change in monetary policy from the rest of the country is enough to bet against the U.S. currency. Asian currencies are being subjected to a buyer in the short-term rally, against which are fighting their authorities. The expectation of investors that the Asian countries are leading the recovery of the global economy, leads them to change their positions and increase their portfolios of assets of that continent.


ChinaMed Group Opened TCM Practice


Treatments in the health and beauty area are available on the joint program. Vienna/Seefeld, June 01, 2011 – with beginning July 2011 the ChinMed group opened its TCM competence center in the Falkensteiner Hotel & Spa Royal Seefeld. Traditional Chinese medicine (TCM) in all its facets and completely new treatments in the health and beauty area are available on the joint program. The hotel extended the offer of the wellness – and Kulinarikbereich. After a break of six years, the team of ChinMed group around Dr. Stefan Ulmer in the generous practice facilities of the Falkensteiner Hotel & Spa returns Royal Seefeld. With him also an international customer layer. As a highlight, the team Facial rejuvenation offers”to a Facial rejuvenation acupuncture and Gesichtsshiatsu, which is unique in Europe. Facelift with the scalpel was declared yesterday, as the practitioner, or TCM physician Dr. Stefan Ulmer: Facial rejuvenation is a totally natural, pain and side effect-free and sustainable face lift method and Alternative to plastic surgery. We are guided by old methods of TCM of course also here the millennia. The skin is stimulated by special tightening and anchoring techniques using very fine needles, new connective tissue moves and body’s own collagen to form. This leads to a reversal of the wrinkles in the course of the treatment series. Natural mimicry is thus preserved entirely and rejuvenates the body and is embellished by the systemic approach of TCM from the inside out so to speak even. You see that ultimately in the face, the mirror of the soul.” A successful idea sparked the idea of reopening the TCM practice in the Falkensteiner Hotel & Spa Royal Seefeld had Director Marina Ersilia Albasini after the Falkensteiner Group the hotel took over January 1, 2011 by management: again and again brought into question whether we think as a new operator of the hotel over reboots with the ChinMed group.


Taiwanese American United


President of the Republic of China (Taiwan) Ma Ying-jeou praises the stable relations between Taiwan and the United States, the Republic of China (Taiwan) President Ying-jeou confirmed MA on August 23 and the strong relations between Taiwan and the United States and called on it to strengthen further bilateral exchanges at various levels. Since I took office in May 2008, the low-key and surprise-free attitude of the Government with regard to the promotion of Taiwanese American relations has won respect and built successful mutual trust”, said Ma. The President made this statement during a reception at the Presidential Office in Taipei City, the American representative Judy Chu and Madeleine Bordallo, chairwoman of the Deputy of the US Congressional Asian Pacific American Caucus. Ma said that the close relations between Taiwan and America were highlighted by its better than expected”treatment during his recent travels through in New York and Los Angeles, while his charted diplomatic visit to the allies in Paraguay and four Caribbean Nations. “I was impressed by the rank level of receiving officials and the warmth of the reception, which my delegation being shown, as well as the range and depth of the issues which I have discussed with US politicians.” Ma said that his meetings and phone calls with a variety of American lawmakers, confirmed that the Government on the right track was to promote their efforts, regional security and peace. Sea, the signing of the Taiwanese Japanese fishery agreement and the peaceful settlement of the fishing boat incident include the peace initiative in the East China with the Philippine Government. “The healthy state of the Taiwan United States relations is still supported by Taiwan’s purchase of weapons worth US$ 18.3 billion by the United States, opening for American beef imports, and the continuation of bilateral talks under the trade and investment framework agreement” (TIFA), President Ma said.