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stimulating domestic consumption

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by , 02-21-2012 at 12:59 AM (40 Views)
OAKLAND, Calif. New York Knicks Jersey . - Gregg Zaun felt something in his right elbow after making a throw Monday and it was still bothering him two days later. To let him fully heal, the Toronto Blue Jays placed their veteran catcher on the 15-day disabled list Wednesday with a mild strain and inflammation in the elbow. The 37-year-old Zaun sat out Tuesdays series opener at Oakland hoping his elbow would calm down, but he still felt discomfort Wednesday. "It flared up a little bit Monday on a throw during the game but I thought it would get better," Zaun said. "I took yesterday off and it wasnt better. It was barking pretty good. Unfortunately you cant carry just one catcher." Rod Barajas will handle most of the catching responsibility and Toronto called up Curtis Thigpen from Triple-A Syracuse. He made quite the clubhouse entrance, sporting the messy, bed-head style with his blonde hair and dressed sharply as he made the meet-and-greet rounds. Reliever Armando Benitez called Thigpen into the training room to pose with him for a picture. "You need two (catchers) here," Blue Jays manager John Gibbons said. Zaun said the injury came out of the blue and is especially discouraging considering he hasnt had arm trouble for years and his body has felt great all season. Zaun is in his 14th big league season and fifth with the Blue Jays. He is batting .264 with two home runs and eight RBIs in 41 games this year. He has reached base safely in 31 of his 35 starts. Yet Zaun knows that if he had to try to make a hard throw in a game he might not be able to get the ball there with the elbow hindering him. "Well take a couple of weeks and get it better and hopefully be good to go," Zaun said. "I havent had any arm trouble for a long time. Ive been feeling like offensively I was starting to turn the corner and swing the bat pretty well. And I was throwing some guys out. A little time out will get it back." Tim Tebow Authentic Jersey . With the Winter Olympics in Vancouver fast approaching, Ligety timed 2min 22.02sec over the two legs, 0.34sec ahead of Austrian Marcel Hirscher with Kjetil Jansrud of Norway at 0. Karl Malone Jersey . Hetland finished the 1.2-kilometre freestyle sprint through downtown Prague in two minutes 17 seconds to edge Russias Vassili Rotchev by 0.2 seconds. Jean Marc Gaillard of France was third, 0. Heat Jersey . Marlon Byrd and Jeff Baker each had two hits, scored twice and drove in a pair of runs to pace an 18-hit attack for the Cubs, who have won five of their last seven. Zambrano (6-6) allowed one unearned run on four hits and four walks while fanning seven for Chicago, which won for just a fourth time in 13 tries against the Pirates this season. Authentic Andre Iguodala Jersey . The NHL announced the suspension Monday, two days after Wisniewski delivered the blow to Doans head in the first period of the Coyotes 3-2 shootout win Saturday night. Mario Chalmers Jersey . The Canucks-Bruins matchup in the Stanley Cup Final is the first playoff meeting ever between the two franchises. Thats probably just as well for the Canucks, whove never fared well against Boston. The new rule that Shanghai announced on Thursday, to allow local families to purchase only one new home each for the time being, at a first glance, bears little resemblance to adroit policymaking. Such a blanket restriction seems neither an effective measure to cool surging property prices nor fair to buyers. Beijing imposed a similar restriction in April but few consumers have noticed it, as local house prices remain prohibitive to most. However, in spite of the apparent clumsiness of such policies, the introduction of a one-home-per-family restriction might be more needed than it appears given the countrys ambition and urgent embrace of consumer-led growth. As in many other countries, the rapid development of the property sector has served as a key growth engine for China in recent years. Yet, unlike those advanced economies which are set to suffer for years from their recent property price crashes, China has witnessed a quick rebound in house prices since 2009. A surge that was too strong to assuage concerns about property bubbles. The countrys fast urbanization, as well as the rapid rises in wages, have prompted arguments trying to justify the soaring prices, which are exorbitantly high in terms of both the price-to-income ratio and the price-to-rent ratio. Fortunately, the Chinese government does not buy these arguments, though many local officials are still reluctant to temper house prices, a move that would undermine their efforts to raise revenues for local governments from land sales. In April, the central government adopted the most draconian measures in history to cool the property market. But it will take time for those measures to bear fruit. Joakim Noah Jersey. Statistics show that in August house prices in 70 major Chinese cities rose 9.3 percent on the year before. Strictly implemented, the new regulation may curb speculative property purchases that have helped drive prices beyond the reach of most families. But more importantly, if Chinese urban families are persuaded to stop buying more apartments, as a way to gain higher returns on their savings than deposit interest rates, the country will have a better chance of stimulating domestic consumption. Unchecked property price hikes will only deprive most Chinese families of their dream of home ownership and further expand the wealth gap between the few who can afford more than one home and the many who cannot. If China is to effectively pursue inclusive and consumer-led growth, a supposed priority for the coming 12th Five-Year Plan period (2011- 2015), policymakers must not allow the property market to remain in favor of the haves over the have-nots. In this sense, the one-home-per-family restriction is a necessary first step. But more efforts need to be done to tame the overheating property market for the long-term well-being of the economy and the people. China Daily (China Daily 10092010 page5) ' ' '
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