Group items tagged

Euro Zone debt Crisis Warning: China a forerunner for global Downturn A global economy slowing only gently would be an immense relief after a fraught end to 2011, but it is far from guaranteed. Greek debt discussions could retract next week in a tussle over the size of losses banks that must to face. Based from Bradley Associates World Current News, the anxiety over Iran's nuclear program continues to threaten oil markets. While, U.S data surprisingly showed the weak retail sales and a rise of unemployment last week, a reminder that the U.S recovery is not yet out of the woods. So, even as signs suggest only a slight easing in global growth this year to a pace around 3 percent, the pitfalls are numerous. Mainly, among them is China. Data on Tuesday is expected to present growth in China, the world's second-largest economy, cooled in the fourth quarter to 8.7 percent from a year earlier, against 9.1 percent in the prior quarter. It would be the slowest speed of growth since mid-2009 when the global economy was crawling out of a deep recession. In addition, the biggest question is how much of the slowdown can be blamed on slackening worldwide demand for China's exports and how much on weakening domestic growth. According to Bradley Associates World Current News, If China's central growth is stalling, that would put yet another drag on countries such as Germany and the United States, which are relying upon strong exports themselves to help compensate for the sluggish growth at home. U.S trade data for November was slightly stimulating on that score, with exports to China up by 2.1 percent to their highest level in almost a year. However, data from China revealed that in December demand slackened and imports from the United States which fell down to 2.7 percent, and the nation's overall trade surplus fell to a three-year low down, raising alarms around the world of a very difficult landing. A pointed downturn in Chinese demand would also spell damage to

One thing you will soon learn about Barcelona is it's a city that doesn't sleep. The Spanish eat late, drink late and go out very late. At the weekend don't be surprised if night clubs are pretty much empty until at least 01:00 - 02:00 in the morning, and they go on until about 06:00. Thank goodness for the siesta! Barcelona's nightlife is very much in keeping with the city itself, trendy, varied and sometimes spectacular. Even if you aren't really a clubber at heart it is worth going out to at least one night club just to see what's on offer, and remember there are more and more "lounge" clubs springing up if you like to take your drinks whilst reclining! Most of the clubs do not have a set price. It varies according to night, and who is playing, many are free before a certain time (usually 01:00) plus if you walk around you are likely to be given a flyer that gets you in free all night. You can pick up flyers in shops, bars and some cafes have a rack of flyers. These usually either entitle you to a free drink, 2 for 1 drink, or free entrance. In the case of some clubs the flyer people actually stand very near the club itself but you can find them all over the city including down the Ramblas and in the Barri Gotic area. Magic Club is one of Barcelona's most famous and well-loved indie clubs. Expect sweaty dance floors and 80s hits. Magic is the place to head if you have had your fill of Barcelona's obsession with minimal techno. This is the city's indie club of choice. Each weekend sees fun-seekers and scallywags queuing down the street for a night of 80′s pop, soft rock and disco classics. Magic Club has a capacity of about 1000 people across two large and sweaty dance floors. The DJs are locals and these crowds are not here for celebrity DJs. You can expect to hear everything from Madonna to Morrissey to Guns n Roses on a night out in Magic. Elephant is one of Barcelona's chicest nightclubs is the Elephant which is located in th