Friday, May 24 2013 7:25 PM EDT2013-05-24 23:25:36 GMT
Beansie's Bus is situated right along the start and finish of the race so they're looking to get swamped by hungry customers Sunday but rain too. "Unfortunately the weather might not cooperate," Beansie'sMore >>
VCM organizers making sure they have cold/rainy weather equipment for runners.More >>
Friday, May 24 2013 6:21 PM EDT2013-05-24 22:21:38 GMT
Damaged homes, washed out roads, and now major clean-up.In just a few hours heavy rains flooded much of Northern Vermont. Hardest hit were Essex, Jericho, and Underhill.The torrential rains Thursday nightMore >>
Damaged homes, washed out roads, and now major clean-up.More >>
Friday, May 24 2013 2:15 PM EDT2013-05-24 18:15:28 GMT
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon. A press release says that if possible, motorists should avoid downtown Burlington on Sunday,More >>
The Vermont Agency of Transportation released a list of road closures and times for the Vermont City Marathon.More >>
Friday, May 24 2013 1:07 PM EDT2013-05-24 17:07:11 GMT
The Thunder Road Memorial Classic has been postponed until Monday. Officials say they are postponing due to the upcoming inclement weather expected this weekend. Here's the updated schedule of events:7:30amMore >>
The Thunder Road Memorial Classic has been postponed until Monday.More >>
Friday, May 24 2013 12:26 PM EDT2013-05-24 16:26:27 GMT
The Essex Memorial Day Parade has been canceled due to inclement weather predictions. According to Essex Memorial Day Parade Committee, the parade has been postponed one week to Saturday June 1 at 10 a.m.More >>
The Essex Memorial Day Parade has been postponed due to inclement weather predictions.More >>
Friday, May 24 2013 11:31 AM EDT2013-05-24 15:31:32 GMT
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.Police say Stephanie Rivers, 24, and Victoria Hammond, 23, bothMore >>
The Burlington Police Department arrested two people for pick-pocketing two men at a local night club in Burlington, Vt. on Friday, May 17.More >>
Friday, May 24 2013 10:29 AM EDT2013-05-24 14:29:26 GMT
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help. The New York State Energy Research and Development Authority has some recommendationsMore >>
If the prices at the pump are giving you second thoughts about traveling this holiday weekend, these suggestions might help.More >>
Friday, May 24 2013 8:52 AM EDT2013-05-24 12:52:16 GMT
A Windham County man cashes in a lucky lottery ticket. Frederick Randall matched 4 out of 5 numbers plus the power ball for the April 5th drawing.He would have won $10,000, but he played an extra buckMore >>
A Windham County man cashes in a lucky lottery ticket.More >>
Friday, May 24 2013 8:01 AM EDT2013-05-24 12:01:42 GMT
New York Governor Andrew Cuomo is trying to link SUNY campuses with the business world in an effort to create more jobs. This project is called Tax Free NY. New York State Office of General Services CommissionerMore >>
New York Governor Andrew Cuomo is trying to link SUNY campuses with the business world in an effort to create more jobs. This project is called Tax Free NY.More >>
Friday, May 24 2013 7:18 AM EDT2013-05-24 11:18:04 GMT
The Boy Scouts of America announced their decision on allowing gay youth into their program Thursday. The 1,400 member national council voted to change its current policy to allow openly gay youth. TheMore >>
The Boy Scouts of America announced their decision on allowing gay youth into their program Thursday.More >>
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SOURCE BNY Mellon
BNY Mellon Investment Manager Says Current Deflation Shock Hit Economies Unevenly
NEW YORK and LONDON, March 19, 2013 /PRNewswire/ -- The so-called currency wars of today have little in common with the competitive currency devaluations following the Great Depression of the 1930s, according to the March 2013 monthly report from Standish Mellon Asset Management Company LLC, the Boston-based fixed income specialist for BNY Mellon.
The current loose monetary policies implemented by most developed market countries are intended to spur domestic economies, according to the Standish report: March Bond Market Observations. This is significantly different than the 1930s when countries weakened their currencies to obtain more favorable exchange rates and boost exports, the report said.
Fixed income investors need to understand the underlying causes of the currency trends as they could offer attractive opportunities to enhance their returns, according to Standish.
"The key difference between the 1930s and today is the nature of the economic shock that prompted the monetary policies," said Thomas Higgins, global macro strategist for Standish and co-author of the report. "During the Great Depression of the 1930s, the deflationary shock hit all countries more or less equally. This time, developed market economies have been hit much harder than the emerging markets."
That means that policies that apply in developed markets could adversely affect emerging markets, according to the report. Standish said that most developed market countries are contending with sluggish growth and low inflation, while emerging markets are achieving healthy growth and face somewhat elevated inflation.
"There are exceptions to the primary trends of the current period as Japan and Switzerland appear to be using monetary policy to make their currencies more competitive," said Federico Garcia Zamora, senior currency strategist for Standish and co-author of the report. "The report concludes both currencies are over-valued. Their policies, along with other trends are among the reasons cited in the report for being bullish on the U.S. dollar as a safe-haven currency."
Standish also favorably views the currencies of economies expected to benefit from high commodity prices, relatively higher domestic interest rates and a better fiscal profile compared with other developed markets.
Notes to Editors:
Standish Mellon Asset Management Company LLC, with approximately $167 billion as of January 1, 2013 (all other BNY Mellon AUM numbers are as of December 31, 2012) of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit, emerging markets debt (dollar-denominated and local currency), core / core plus, tax–sensitive, short duration, stable value and opportunistic (U.S. and global) strategies. Standish also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of December 31, 2012, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
All information source BNY Mellon as of December 31, 2012. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Services Authority. A BNY Mellon Company.