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Tomorrow: What happens when a bunch of people decide to share a house in one of Canada's toniest neighbourhoods?
You are at:Home»Alternative ETFs»WisdomTree: Investors Overlooking the Indian Rupee?
WisdomTree: Investors Overlooking the Indian Rupee?
Moderating global growth, sticky inflation and political stagnation negatively impacted the Indian economy in 2012.
Growth decelerated to under 4% while above-trend inflation effectively tied the hands of the RBI.1 The rupee sharply declined against the U.S. dollar last year.
However, in February 2013, we mentioned that the Indian economy may be turning the corner.
As a result of recently announced tax reforms and a fresh round of interest rate cuts from the central bank, we are bullish on the Indian rupee in 2013.
Key commodities that account for a large percentage of the average Indian citizen’s spending have fallen significantly. So far this year, oil is down nearly 6.5% while gold has fallen 12%.2 With lower inflation being reported via the Wholesale Price Index (WPI), the Reserve Bank of India recently cut interest rates to ...
NEW YORK (AP) — A wave of pharmacy robberies is sweeping the United States as desperate addicts and ruthless dealers turn to violence to feed the nation's growing hunger for narcotic painkillers.
In one of the most shocking crimes yet, a robber walked into a neighborhood drugstore Sunday on New York's Long Island and gunned down the pharmacist, a teenage store clerk and two customers before leaving with a backpack full of pills containing hydrocodone.
"It's an epidemic," said Michael Fox, a pharmacist on New York's Staten Island who has been stuck up twice in the last year. "These people are depraved. They'll kill you."
In New York state, the number of armed robberies rose from 2 in 2006 to 28 in 2010. In Florida, they increased nearly six-fold, from 11 to 65. California saw 61 robberies in 2010, Indiana had 45 and Tennessee had 38.
Most robbers don't hurt anyone, but authorities are worried the risk of bloodshed is increasing as assaults multiply. In September, a clerk was fatally shot in the chest and a pregnant woman wounded in the foot when a shootout broke out between a robber and an armed employee at a pharmacy in a suburb of Sacramento, Cal...
"Drug addicts are always seeking ways to get their drugs," Carreno said. "Whenever there's an increase in a problem, you'll see it manifested in ways like this."
Prescription painkillers are now the second most-abused drugs after marijuana, with 7 million Americans using them illegally in the past month, the U.S. Department of Health and Human Services says. The number of patients treated in emergency rooms for prescription drug overdoses more than doubled between 2004 and 2008...
Drug dealers may be turning to violence as authorities crack down on other ways of getting painkillers, Carreno said. Many states have launched introduced computer systems designed to prevent "doctor-shopping" by addicts, and federal investigations have shut down several shady Internet pharmacies.
That is believed to have spurred addicts to target small pharmacies like Haven Drugs in Medford, about 60 miles east of New York on Long Island.
Prosecutors say David Laffer, 33, walked into the drugstore on Sunday and opened fire without warning.
"He did not announce a robbery," Assistant District Attorney John Collins said. "He simply shot first after engaging the pharmacist in conversation."
Laffer shot 45-year-old pharmacist Raymond Ferguson once in the abdomen, then killed 17-year-old store clerk Jennifer Mejia before pumping two more shots into Ferguson, Collins said. Then he started pulling Norco and other hydrocodone drugs off the shelves, Collins said.
When customers Bryon Sheffield, 71, and Jamie Taccetta, 33, walked into the store, Laffer sneaked up behind them and shot them in the back of the head, Collins said.
Laffer is a former Army private who once worked as an intelligence analyst. He had recently lost his job as a warehouse worker. Both he and his wife, Melinda Brady, were high when they were arrested on Wednesday at their home about a mile and a half from the pharmacy, police said. Brady was charged with driving the get...
In posts on a wedding-related website, Brady said she had been taking different painkillers in the year before their January 2009 wedding because of several surgeries on her mouth. She added that it was taking a toll on her relationships.
It's a familiar pattern, said Andrew Kolodny, president of Physicians for Responsible Opioid Prescribing, which advocates for more cautious use of narcotic painkillers. Many patients get addicted while taking a legitimate prescription and turn to crime after they lose their jobs and the insurance coverage that comes wi...
"People with addiction who could be perfectly good people will do all sorts of horrible things to maintain their supply," Kolodny said.
Like Laffer, most pharmacy robbers are white males, said Richard Conklin, manager of RxPatrol.com, a website that tracks robberies. However, they come from all backgrounds and ages, he said.
In May, a 51-year-old man in a suit and tie approached a pharmacy counter in Boise, Idaho, and told the clerk he had something in his briefcase that he could "light the place up with" if the store didn't give him OxyContin. He left with hundreds of pills.
In Lynchburg, Va., a 27-year-old man used a 3-foot-long samurai sword to rob a pharmacy in March.
Fox said he had two customers in his drugstore in Eltingville, a middle-class neighborhood of Staten Island, when a man broke in a rear door and forced him to the floor at gunpoint in April 2010.
"He put the gun to my head, and I thought it was over for me," Fox said. The robber made off with about $4,000 of oxycodone.
In April 2010, another robber struck. Claiming he had a gun in his jacket pocket, he demanded bottles of oxycodone.
Fox handed over two bottles. The robber opened them to check the pills, then demanded more.
"I took a chance: I told him that was all I had," Fox said. The robber left without harming anyone, he said.
Robbers have also hit the nearby Annadale Family Pharmacy. A sign in the window there now says, "We do not stock oxycodone or Roxicodone."
Along with armed robberies, pharmacy associations say they are also seeing an increase in burglaries.
Keith Hodges, a pharmacist in Gloucester, Va., said his store has been broken into at least six times in recent years. One thief came through the roof by squeezing into an air conditioning shaft. Another used an electric saw to cut the knob off a steel door.
In April, a woman was caught in Billings, Mont., trying to smash in the bulletproof drive-through window of a Walgreens with a crowbar. Police said she had shards of glass on her clothing, a fresh cut on her head and her fingertips wrapped in bandages.
Rxpatrol.com, sponsored by OxyContin maker Purdue Pharma of Stamford, Conn., says it has tracked 1,258 pharmacy burglaries since 2002.
"I get nervous at night," Hodges said. "I stay late a lot, and you worry about what could happen."
Hodges said he's installed security cameras and alarms that are activated by the sound of someone breaking in. His employees wear wireless "panic buttons" that they can push to alert police.
The National Community Pharmacists' Association, which represents 23,000 independent drugstores, is distributing "height signs" to help employees record the height of robbers as they flee stores.
The Walgreens pharmacy chain is experimenting with medicine safes that delay several minutes before opening, in hopes that robbers won't have the patience to wait.
Some pharmacies are even considering installing bullet-proof windows like those found in many banks.
But Hodges, the Virginia pharmacist, worries that the security precautions are harming legitimate customers by lengthening the wait to fill prescriptions and eroding the relationship between pharmacists and patients.
If pharmacists are forced to work behind bulletproof glass, it will discourage customers from asking questions about their treatments, he said.
"The more a patient knows, the healthier they're going to be in the long run," Hodges said. "They need to have access to their pharmacist."
Associated Press writer Frank Eltman contributed to this report from Medford, N.Y.
GDP (Current Prices, National Currency) QAR 32.976 Billion.
GDP Per Capita (Constant Prices, National Currency) QAR 203,917.84 .
GDP Per Capita (Current Prices, National Currency) QAR 64,346.43 .
General government revenue (National Currency) QAR 13.115 Billions.
General government total expenditure (National Currency) QAR 15.581 Billions.
Total Government Net Lending/ Borrowing (National Currency) QAR -2.466 Billions.
Fiscal Year Gross Domestic Product, Current Prices QAR 32.976 Billions.
GDP (Constant Prices, National Currency) for Qatar in year 1996 is QAR 104.503 Billion.
GDP Growth (Constant Prices, National Currency) for Qatar in year 1996 is 4.375 %.
GDP (Current Prices, National Currency) for Qatar in year 1996 is QAR 32.976 Billion.
GDP (Current Prices, US Dollars) for Qatar in year 1996 is US$ 9.059 Billion.
GDP Deflator for Qatar in year 1996 is 31.555 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Qatar in year 1996 is QAR 203,917.84 .
GDP Per Capita (Current Prices, National Currency) for Qatar in year 1996 is QAR 64,346.43 .
GDP Per Capita (Current Prices, US Dollars) for Qatar in year 1996 is US$ 17,677.59 .
GDP (PPP), US Dollars for Qatar in year 1996 is US$ 29.593 Billion.
GDP Per Capita (PPP), US Dollars for Qatar in year 1996 is US$ 57,745.38 .
GDP Share of World Total (PPP) for Qatar in year 1996 is 0.074 %.
Implied PPP Conversion Rate for Qatar in year 1996 is 1.114 .
Gross National Savings (% of GDP) for Qatar in year 1996 is 22.226 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Qatar in year 1996 is 51.806 (Index, Base Year 2000 = 100).
Inflation (Average Consumer Price Change %) for Qatar in year 1996 is 7.3 %.
Import Volume of All Items Including Goods and Services (Percent Change) for Qatar in year 1996 is 14.082 %.
Import Volumes of Goods Only (Percent Change) for Qatar in year 1996 is 10.998 %.
Export Volume of All Items Including Goods and Services (Percent Change) for Qatar in year 1996 is 7.838 %.
Export Volumes of Goods Only (Percent Change) for Qatar in year 1996 is 27.812 %.
Population for Qatar in year 1996 is 0.512 Million .
General government revenue (National Currency) for Qatar in year 1996 is QAR 13.115 Billions.
General government revenue (% of GDP) for Qatar in year 1996 is 39.772 %.
General government total expenditure (National Currency) for Qatar in year 1996 is QAR 15.581 Billions.
General government total expenditure (% of GDP) for Qatar in year 1996 is 47.249 %.
Total Government Net Lending/ Borrowing (National Currency) for Qatar in year 1996 is QAR -2.466 Billions.
Total Government Net Lending/ Borrowing (% of GDP) for Qatar in year 1996 is -7.477 %.
Fiscal Year Gross Domestic Product, Current Prices for Qatar in year 1996 is QAR 32.976 Billions.
Current Account Balance (US Dollars) for Qatar in year 1996 is US$ -2.367 Billion.
Current Account Balance (% GDP) for Qatar in year 1996 is -26.122 %.
GRAND JUNCTION, Colo. (KKCO/KJCT) Ashleigh Satterfield pitched a complete-game shut out as Central tops Fruita Monument, 8-0, on Thursday.
Satterfield set the tone early recording a strike out for each of her first five outs.
Central extends their winning streak to four in a row. The Warriors are now 16-5 overall and 6-0 in southwestern League play.
The Wildcats drop to 10-13 on the season and 4-4 in league.
Lachlan Murdoch, James Packer and Bruce Gordon -- three billionaire substantial shareholders who double up as loan guarantors for Network Ten. And that is a problem.
As Ten Network Holdings teeters, the mainstream media, particularly the Murdoch press, haven’t yet thoroughly explored a myriad of sensitive governance and conflict-of-interest issues arising from the dual roles of three billionaire substantial shareholders who double up as loan guarantors.
Debt and equity providers often have conflicting interests, and we’ve never had a public company work-out situation before where three substantial shareholders are also key financiers.
Charles Clarke is being urged to resign after he admitted the Home Office freed 1,023 foreign prisoners who should have been considered for deportation.
The home secretary insisted he should sort the problem out, and received backing from Prime Minister Tony Blair.
But Tory David Davis and Lib Dem leader Sir Menzies Campbell said Mr Clarke had failed to protect the public.
The prisoners, who were released over the past seven years and include three murderers, are urgently being sought.
Mr Clarke's problems in the Commons were just one element of what was one of the most difficult days for the Labour government since it came to power.
In Bournemouth, Health Secretary Patricia Hewitt was booed and heckled by health workers at the Royal College of Nurses conference.
While Deputy Prime Minister John Prescott was revealed to have had an affair with one of his secretaries.
In the Commons, Mr Davis, the shadow home secretary told MPs he was calling for Mr Clarke's resignation because it had emerged that 288 foreign offenders were released after he knew about the problem in July 2005.
Figures revealed by Sir David Normington, permanent secretary at the Home Office, show that an average of 41 prisoners per month were released between September, 2005 and last month.
Analysis: Clarke on his own?