PARIS (AP) ? Signs that the U.S. economy is slowly rebounding drove American stocks higher Tuesday, but many other markets struggled to find direction amid indications that Europe is still in trouble.
U.S. factory orders rose 2.1 percent in May, according to data released Tuesday, a slightly higher increase than expected. A day earlier, the ISM manufacturing survey showed a small rebound in June thanks to new orders and higher production.
Signs that industrial production in the world's largest economy is improving are likely to comfort investors, but they will also paradoxically hope that the pace of recovery isn't too robust. As the U.S. economy improves, the Federal Reserve will start to reduce the monetary stimulus program that has buoyed markets.
Many investors fear the Fed will take its foot off the gas before the U.S. rebound really gets under way. Meanwhile, data from Europe showed Tuesday that it is still struggling.
Industrial producer prices fell 0.3 percent in May in the 17 European Union countries that use the euro, Eurostat reported. While that shows costs are falling, it also indicates manufacturing activity remains weak.
Meanwhile, Spain announced Tuesday that the number of people registered as unemployed dropped for a fourth consecutive month in June ? but the country has a long way to go to bring its jobless rate down to normal levels. It currently stands at 27.2 percent. A separate report on Monday showed the unemployment rate in the eurozone was at 12.2 percent in May, its highest level ever.
"While the European economy appears to be starting to show flickers of recovery particularly in Spain and Italy where the manufacturing sector appears to be showing signs of coming off life support, the unemployment picture remains disturbingly high," said Michael Hewson, a market analyst at CMC Markets UK.
By late afternoon in Europe, France's CAC-40 was down 0.8 percent to 3,738 while the DAX in Germany was off 0.9 percent to 7,910. The FTSE index of British shares dropped 0.2 percent at 6,296.
In the U.S., by contrast, Wall Street opened higher. The Dow Jones industrial average rose 0.4 percent to 15,036; the broader Standard & Poor's 500 index was up the same rate at 1,622.
"It seems investors are now looking for a major catalyst to tempt buying to help offset the continued worry that central banks may cut back this year," said Lee Mumford, a financial sales trader with Spreadex.
Many Asian stocks rose earlier in the day. Tokyo's Nikkei 225, the region's heavyweight index, jumped 1.8 percent to 14,098.74. Australia's S&P/ASX 200 was up 2.6 percent at 4,834.00 after the country's central bank left interest rates unchanged and said the Australian dollar is likely to continue falling, easing pressure on exports.
In China, the Shanghai Composite Index reversed early losses to rise 0.6 percent to 2,006.56 after reports on Monday that Chinese manufacturing weakened in June amid a credit crunch. Hong Kong's Hang Seng fell 0.7 percent to 20,658.65, led by Chinese banks, which are facing central bank credit restrictions.
Amid tentative signs of economic recovery, benchmark oil for August delivery rose $1.09 to $99.08 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.43 to close at $97.99 a barrel on Monday.
The euro fell to $1.3024 from $1.3065 late Monday in New York.
___
Associated Press writer Kay Johnson in Bangkok contributed to this report.
National Pharmaceutical Council and GW award comparative effectiveness research policy fellowshipPublic release date: 1-Jul-2013 [ | E-mail | Share ]
Contact: Andrea Hofelich ahofelich@npcnow.org 202-827-2078 George Washington University School of Public Health and Health Services
Post-Doctoral fellow Chuck Shih, Ph.D., will address health care policy implications of CER during 2-year program
Washington, D.C. -- The National Pharmaceutical Council (NPC) and the George Washington University School of Public Health and Health Services (SPHHS) today announced the selection of Chuck Shih, Ph.D., as the recipient of a new two-year fellowship in comparative effectiveness research (CER) policy.
The NPC/SPHHS Fellowship in the Policy Impact of CER aims to combine training in CER and CER programs with an increased understanding of related health care policy. Dr. Shih, who joined NPC on July 1, will be focusing on the study and application of CER and its implications on health policy.
"If we are going to realize the full potential of CER to improve health care, it's critical to understand the policy ramifications of CER and how the research impacts the environment within which clinical decisions are being made," said NPC Chief Science Officer Robert Dubois, M.D., Ph.D. "Dr. Shih's work will help us gain a greater understanding of the relationship between a growing body of CER and policy."
Dr. Shih, who joined SPHHS as a Professorial Lecturer in the Department of Health Policy on June 1, earned a Ph.D. in 2012 from the Johns Hopkins Bloomberg School of Public Health's Department of Health Policy and Management. He previously received a Master of Health Science in Health Policy and Bachelor of Science in Biomechanical Engineering from Johns Hopkins University.
"CER does not exist in a vacuum and this position is an exciting opportunity to assess CER's impact on public health by identifying the public policy mechanisms through which CER may be used in our health care system," said Dr. Shih.
Dr. Shih's academic concentration in health economics and experience with both health policy and CER strongly positioned him for the fellowship program. He has held positions as an analyst for the Centers for Medicare & Medicaid Services' Center for Clinical Standards & Quality and as a service fellow for the Agency for Healthcare Research and Quality's Center for Outcomes and Evidence, where he reviewed and managed CER studies.
"Linking with NPC on this fellowship is an exciting opportunity for SPHHS, as we will be working together to move the field of comparative effectiveness research forward," said Paula Lantz, Ph.D., professor and chair of the Department of Health Policy at SPHHS. "Dr. Shih is an ideal fit for advancing our understanding on this important and dynamic issue."
###
About the National Pharmaceutical Council:
The National Pharmaceutical Council is a health policy research organization dedicated to the advancement of good evidence and science, and to fostering an environment in the United States that supports medical innovation. Founded in 1953 and supported by the nation's major research-based pharmaceutical companies, NPC focuses on research development, information dissemination, and education on the critical issues of evidence, innovation and the value of medicines for patients. For more information, visit http://www.npcnow.org and follow NPC on Twitter @npcnow.
About the George Washington University School of Public Health and Health Services:
Established in July 1997, the School of Public Health and Health Services brought together three longstanding university programs in the schools of medicine, business, and education and is now the only school of public health in the nation's capital. Today, more than 1,100 students from nearly every U.S. state and more than 40 nations pursue undergraduate, graduate, and doctoral-level degrees in public health. http://sphhs.gwu.edu/
[ | E-mail | Share ]
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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
National Pharmaceutical Council and GW award comparative effectiveness research policy fellowshipPublic release date: 1-Jul-2013 [ | E-mail | Share ]
Contact: Andrea Hofelich ahofelich@npcnow.org 202-827-2078 George Washington University School of Public Health and Health Services
Post-Doctoral fellow Chuck Shih, Ph.D., will address health care policy implications of CER during 2-year program
Washington, D.C. -- The National Pharmaceutical Council (NPC) and the George Washington University School of Public Health and Health Services (SPHHS) today announced the selection of Chuck Shih, Ph.D., as the recipient of a new two-year fellowship in comparative effectiveness research (CER) policy.
The NPC/SPHHS Fellowship in the Policy Impact of CER aims to combine training in CER and CER programs with an increased understanding of related health care policy. Dr. Shih, who joined NPC on July 1, will be focusing on the study and application of CER and its implications on health policy.
"If we are going to realize the full potential of CER to improve health care, it's critical to understand the policy ramifications of CER and how the research impacts the environment within which clinical decisions are being made," said NPC Chief Science Officer Robert Dubois, M.D., Ph.D. "Dr. Shih's work will help us gain a greater understanding of the relationship between a growing body of CER and policy."
Dr. Shih, who joined SPHHS as a Professorial Lecturer in the Department of Health Policy on June 1, earned a Ph.D. in 2012 from the Johns Hopkins Bloomberg School of Public Health's Department of Health Policy and Management. He previously received a Master of Health Science in Health Policy and Bachelor of Science in Biomechanical Engineering from Johns Hopkins University.
"CER does not exist in a vacuum and this position is an exciting opportunity to assess CER's impact on public health by identifying the public policy mechanisms through which CER may be used in our health care system," said Dr. Shih.
Dr. Shih's academic concentration in health economics and experience with both health policy and CER strongly positioned him for the fellowship program. He has held positions as an analyst for the Centers for Medicare & Medicaid Services' Center for Clinical Standards & Quality and as a service fellow for the Agency for Healthcare Research and Quality's Center for Outcomes and Evidence, where he reviewed and managed CER studies.
"Linking with NPC on this fellowship is an exciting opportunity for SPHHS, as we will be working together to move the field of comparative effectiveness research forward," said Paula Lantz, Ph.D., professor and chair of the Department of Health Policy at SPHHS. "Dr. Shih is an ideal fit for advancing our understanding on this important and dynamic issue."
###
About the National Pharmaceutical Council:
The National Pharmaceutical Council is a health policy research organization dedicated to the advancement of good evidence and science, and to fostering an environment in the United States that supports medical innovation. Founded in 1953 and supported by the nation's major research-based pharmaceutical companies, NPC focuses on research development, information dissemination, and education on the critical issues of evidence, innovation and the value of medicines for patients. For more information, visit http://www.npcnow.org and follow NPC on Twitter @npcnow.
About the George Washington University School of Public Health and Health Services:
Established in July 1997, the School of Public Health and Health Services brought together three longstanding university programs in the schools of medicine, business, and education and is now the only school of public health in the nation's capital. Today, more than 1,100 students from nearly every U.S. state and more than 40 nations pursue undergraduate, graduate, and doctoral-level degrees in public health. http://sphhs.gwu.edu/
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
DAR ES SALAAM (Reuters) - U.S. President Barack Obama on Monday called on states around the Democratic Republic of Congo's eastern region to stop fuelling conflict there and implement a peace deal.
After 11 nations signed the peace agreement, the United Nations started deploying an intervention force, MONUSCO, to neutralize armed groups in the mineral-rich area that has been racked by conflict for years and is desperately underdeveloped.
But a U.N. experts report seen by Reuters last week said military officers from Rwanda and Congo were fuelling violence in the region by supporting rival groups, despite the U.N.-brokered deal signed in February.
Rwanda has repeatedly denied meddling. Earlier accusations that it was backing rebels prompted a halt in some Western aid.
"The countries surrounding the Congo, they've got to make a commitment to stop funding armed groups that are encroaching on territorial integrity and sovereignty of Congo," Obama told a news conference in Tanzania, the last leg of an Africa tour.
"They've signed on a piece of paper, now the question is whether they follow through," he said. "Countries surrounding Congo should recognize that if the Congo stabilizes, that will improve the prospects for their goals and their prosperity."
The U.N. report said the M23 rebels continued to recruit fighters in Rwanda, helped by sympathetic Rwandan officers.
It said elements of Congo's military had cooperated with a Rwandan Hutu rebel group against the M23, a Tutsi-dominated rebellion of former Congolese soldiers that has demanded political concessions from President Joseph Kabila in Kinshasa.
Obama said he had discussed with President Jakaya Kikwete of Tanzania, which has contributed to the U.N. intervention force, "how we can encourage all the parties concerned to follow through on commitments they've made".
"That means, for example, President Kabila inside Congo, he has to do more and better when it comes to dealing with the DRC's capacity on security issues and delivery of services," the U.S. president said at the joint news conference with Kikwete.
"We are prepared to work with the United Nations, regional organizations and others to help him build capacity," he said, adding that ultimately it was in the "self-interest" of regional countries to act to end the conflict.
"We can't force a solution on to the region. The people's of the region have to stand up and say that enough, it's time to move forward in a different way," Obama added.
(Additional reporting by Jeff Mason and Mark Felsenthal; Writing by Edmund Blair; Editing by George Obulutsa and Alison Williams)
The United States national Andrew Pochter, 21, who was lately killed during the protests in the Egyptian city of Alexandria, had studied Arabic in Al-Jadida, Morocco between June 2010 and June 2011. Andrew Pochter studied in Morocco as part of the U.S. National Security Language Initiative for Youth (NSLI-Y) funded by the Department of State to study in Morocco.
Doomed almost to the same destiny of Chris Stevens, the United States Ambassador who studied and volunteered in Morocco and? was killed in Benghazi, Libya, Andrew Pochter was stabbed to death during anti-government protests in Egypt on June 28.
The curious, ambitious and idealist young man was also very sociable and easy-going as his teachers and acquaintances in Al-Jadida, Morocco told Alarabiya News.
?He loved common folks, socializing and simple life? said Hachimi Taoufik, a teacher who taught Arabic to Pochter in Morocco.
?I believe he was the only student among his group who was the most social; he loved to go buy sardine sandwiches in Mellah, that cost 5 dirhams (60 cents), he loved to come home and cook with my wife and kids, he even liked to go grocery shopping to cook some of the meals he wanted to share with us,? Hachimi Toufik added.
During his one-year stay in Morocco during the hey-day of Moroccan social uprisings led by the 20th? February movement, Andrew Pochter was very curious to know what was going on and acquired a deep insight into Morocco?s political, social and economic status. He even wrote to Al-Arabiya News on the eruption of protests in Morocco giving an anthropological reading of the events based on his daily contacts with his host family, friends and people.
?My Moroccan host family represents a prime example of the kind of change I have noticed among the middle class. My surrogate parents, being teachers, for the most part have been satisfied with their jobs, livelihood, and finances,? he wrote. ?They were previously apolitical and avoided community involvement outside of their normal sectors, [but their] approach to life came to an apparent crossroads with the February 20th protests, the date of the first nation-wide rally,? Andrew Pochter wrote.
It's no secret Republicans are worried about Hillary Clinton earning the 2016 Democratic nomination and steamrolling the fresh-faced crop of candidates they have lined up, so it's no surprise that Republicans are already reminding everyone that she is, in fact, quite old. Yes, that's the latest Republican strategy against Hillary Clinton's oft-theorized Presidential run.?
RELATED: Hillary Clinton Is Running for President, OK?
"The 2016 election may be far off, but one theme is becoming clear: Republican strategists and presidential hopefuls, in ways subtle and overt, are eager to focus a spotlight on Mrs. Clinton?s age," writes?The New York Times' Jonathan Martin. Everyone from Mitch McConnell to Scott Walker to Stuart Stevens, Mitt Romney's old?lieutenant, have gone out of their way to remind crowds recently that Clinton is 65 years old right now. By the time 2016 rolls around, she'll be 70 years old. That's so many years old. And when you compare Clinton's age to the relatively ripe crop of stars expected to contend for the Republican nomination -- Bobby Jindal (42); Marco Rubio (42); Walker (45); Rand Paul (50); Chris Christie (50) -- well, the Republicans kind of have a point.?
RELATED: Hillary Will Be Watching HGTV While Ignoring 2016 Questions
It's not the first time Clinton has faced an attack over her age, either. She's been called wrinkly and dowdy by the Republican press in the past. Her pantsuits -- those precious pantsuits! -- have been the target of Republican criticisms before. They've drawn attention to Clinton's wrinkles and crevices, her needing a rest, while she was flying across the world, leaning in and having it all as Secretary of State.?
RELATED: How Do We Tell If Hillary Is Running in 2016?
Now you're probably thinking, this is all a little rich, no? It was only last year that Barack Obama, 51 years young, soundly defeated the card carrying senior citizen Mitt Romney. Four years before, it was hope-y, change-y 46-year-old Obama who took out the balding, white-haired John McCain.
RELATED: Will Michelle Obama Lean In?
The script has flipped just so in the intervening years. The Republicans were regrouping and looking young while the Democrats were waiting on the older, experienced powerhouse waiting in the wings. But, perhaps in the most ironic twist, this "you're old" strategy is exactly what Bill Clinton used when he was elected President, too:?
A yesterday-versus-tomorrow argument against a woman who could be the last major-party presidential nominee from the onset of the baby boom generation would be a historically rich turnabout. It was Mrs. Clinton?s husband, then a 46-year-old Arkansas governor, who in 1992 put a fellow young Southerner on the Democratic ticket and implicitly cast the first President George Bush as a cold war relic, ill equipped to address the challenges of a new day. Mr. Clinton then did much the same to Bob Dole, a former senator and World War II veteran, in 1996.
So you can't say the tactic isn't tried and true. But it all adds up to a full course of obstacles facing Clinton heading into 2016. Besides attempting to become the first woman elected President, Clinton will have to overcome being old and, as The Atlantic Wire's Elspeth Reeve explained, quite short. The?diminutive?Clinton is an inch shorter than Rand Paul, the shortest of the Republican candidates, and America historically does not elect short people. She does have one advantage, though: her hair and heels give her the inches to play on an equal field with Christie, her tallest potential foe.?
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