Out the window was a large statue of the proletariat leader in a triumphant pose. This time the driver looked at me in the rear view window with a coy smile and nodded. Molly has a thing for Lenin my dad said and added, He killed a lot of Jews you know. Yeah, yeah can we still stop for a picture? The statue of Lenin stood in front of a columned building, most likely a town hall of some sorts. On the stoop of the building sat three old men in a row, all wearing the same slouchy news boy cap and over-sized coat as Lenin in the statue. Not too far from them a babushka (headscarf) clad woman was hunched over a large planter, whacking weeds with a machete. After taking a few pictures I turned around and saw my uncle standing with a teenager on a bike. Uncle George had called his Russian speaking secretary in America, Maria, to ask this teenager if there was a Jewish synagogue around. The teenager chatted with Maria on one of Uncle Georges cell phones informing her of a Jewish cemetery not too far. Uncle George thanked the teenager and passed the phone over to the driver so that Maria could tell the driver what the teen had explained. But we werent quite ready to stuff our legs back into the car. That looks like a bar! Who wants to go in for a drink? my uncle asked us. The next thing I knew I was following my dad and Uncle Georges long legged stride into the bar. The driver, despite our offer for him to join us, firmly declined. The bar was dimly lit with a few neon lights and a disco ball overhead. We were the only ones there, with the exception of the bartenders who seemed entertained by our mere presence.
Italian Prime Minister Enrico Letta said any such operation would cause volatility on financial markets. We dont need volatility, we need stability, he said. We are concerned about it. Russia , a Soviet-era ally of Syria, and China, both veto-wielding members of the Security Council, have repeatedly blocked any action against Assad over a 2 1/2-year civil war that has killed more than 100,000 people. Oil Effect The possibility of renewed conflict in the Middle East comes as the expected tapering of U.S. stimulus measures is causing concern of spillover effects in emerging markets . Brent may rise to $120-$125 a barrel if the U.S. and allies begin military action in Syria and may spike briefly to $150 if a U.S.-led attack on Syria sparks further conflict in the Middle East and supply disruptions, Michael Wittner , Societe Generale SA (GLE) s New York-based head of oil market research, said in a report on Aug. 30. The concern for everyone is that a rise in oil prices would pose a risk to economic recovery, Capital Economics Ltd. economist Julian Jessop , said by phone from London today. It remains to be seen if the current rate of growth will continue if oil prices stay at todays levels or even rise. The 17-nation euro area returned to growth in the second quarter after 18 months of recession.
Europe’s Containerized Exports To Asia Down 2.2%
This was the first year-over-year decline since a six-month slump that lasted from October 2012 through March 2013. Exports from Europe in the January-June 2013 period slipped 1.0 percent year-over-year to 1,533,600 TEUs. The CTS index for the lane fell 1 point in June to 93. To Far East Asia Europe exported 578,300 20-foot-equivalent-unit containers to Far East Asia in June 2013, up 9.4 percent from June 2012 and up 2 percent from May. In the first half of 2013, European exports to Far East Asia grew 4.7 percent over the prior year to 3,360,200 TEUs. The index rate in this market in June as tracked by CTS slipped a point to 94. To Australasia/Oceania Exports from Europe to Australasia/Oceania in June jumped 9.0 percent year-over-year and 7.4 percent month-to-month to 44,900 TEUs. This was the largest increase over the year before in this lane in nine months. In the first six months of 2013, exports from Europe to Australasia/Oceania increased 5.5 percent year-over-year, to 249,100 TEUs. The CTS index of rates in this trade lane in June slipped 2 points to 86. To North America Containerized export volume from Europe to North America reached 312,600 TEUs in June, climbing 4.3 percent from June 2012, when the volume was 299,600 TEUs. Volume was also up 3.1 percent compared to Mays level. Exports from Europe during the first six months of 2013 totaled 1,789,500 TEUs, 1.7 percent above the level seen in the same period in 2012. The CTS price index increased 1 point in June to 90. To South/Central America Europe exported 137,600 TEUs to South and Central America in June 2013, an 8.2 percent increase year-over-year but a 0.3 percent decline month-to-month.