Difference between revisions of "User:RahalMccall69"

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(Animal shelter, rural transit funding top agenda at city)
(ECB Expected To Remain On Hold With Monetary Policy; Draghi Likely To Remain Dovish)
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鈥淚t鈥檚 a pretty significant amount of money, but every study the Humane Society has done or that we have done says we really need twice this,鈥?Stem said.
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() 鈥?The European Central Bank is expected to leave monetary policy unchanged this week, but President Mario Draghi likely will reiterate to markets that policy-makers remain ready to undertake more monetary accommodation if necessary, analysts said.  
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Mayor Malcolm Duncan Jr. said the shelter has had great success since the city took over management of the facility a little more than a year and a half ago from the Humane Society of Central Texas, which now runs the adoption service.
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The ECB is scheduled to meet on Thursday.  
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County Judge Scott Felton said after the meeting that it was clear the shelter was in need of funding help and that this was the first time it has come before commissioners.
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Eurozone inflation fell in July to 0.4% year-on-year, the lowest level since October 2009, and is well below the ECB鈥檚 target rate of 2%. ECB officials have suggested in the past that a rate below 1% poses a risk of deflation.  
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But there are limitations to the shelter, including the 50- to 60-year-old kennel. Duncan said the city is seeking funding through partnerships and community donations.
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Still, ECB policy-makers are expected to stay on hold as they continue to monitor the impact of monetary accommodation measures announced in June. Back then, the ECB cut interest rates and said it would conduct targeted longer-term refinancing operations aimed at improving bank lending.  
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There are 15 cities in McLennan County that have contracts with the shelter, Stem said.
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鈥淚 am expecting absolutely nothing,鈥?said Christopher Vecchio, currency analyst at DailyFX. 鈥淭his is a weird in-between meeting where the ECB is still conducting it stress tests (on banks) and collecting data from those results. There has simply not been enough time passed since the June measures to say whether or not the accelerated pace of easing has had the wanted <a href=http://www.saclouisvuittonhomme.com/bagages-louis-vuitton-48>Bagages Louis Vuitton</a> or desired effects.鈥?
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Duncan said now is the right time for a campaign because support for the shelter since the city took control has reached  an all-time high. He also stressed that the issue of stray animals is countywide.
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Mark McCormick, forex strategist with Cr dit Agricole, described the ECB meeting as a 鈥渢ransitional鈥?one.  
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鈥淚t鈥檚 not just a Waco problem,鈥?he said.
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鈥淭hey introduced new policy measures a few months ago,鈥?he said. 鈥淭he targeted LTRO won鈥檛 start until September. So now, they鈥檙e trying to see the response to the new policy actions they put in place. They鈥檙e really in wait-and-see mode.鈥?
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The city already has committed to contributing $500,000 toward the shelter renovation.
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He sees potential downside for the euro if Draghi should suggest there are still more downside risks to inflation. 鈥淚 think they鈥檒l remain pretty assertive about their accommodative stance,鈥?McCormick said. This could provide some headwinds for the euro, especially with the Federal Reserve continuing to taper its bond-buying program known as <a href=http://www.saclouisvuittonhomme.com/portefeuille-louis-vuitton-50>Portefeuille Louis Vuitton</a> quantitative easing, McCormick added.
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A new clinic would include the new adoption center and a pet play area with a covered pavilion. It also would have a veterinary clinic for spay and neuter surgeries and microchipping, a remodeled cat room, a dedicated puppy house, improved parking and a redesigned animal intake area with drive-thru capabilities.
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Vecchio and analysts at Barclays also look for Draghi to continue sounding a dovish tone.  
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The city has a link on its website for residents to donate to the new shelter fund.
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鈥淲hile we and the market do not expect any change in policy, ECB President Mario Draghi is likely to reaffirm the central bank鈥檚 commitment to using extraordinary policy measures to ease monetary conditions, including the prospect of ABS (asset-backed securities) purchases, and address very low euro area inflation,鈥?Barclays said in a research note. 鈥淲e look for further information regarding the implementation of those measures in the press conference, particularly after data last week showed inflation had declined to 0.4% y/y in July and is likely to reach a cyclical low of 0.3% y/y in August and September.鈥?
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Also at the meeting, the two entities discussed  the idea of increasing the amount of shared services.
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Related Stories:
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Clint Peters, the city of Waco鈥檚 director of planning, said the city will work to put together a task force of people from the county, city and Waco Independent School District to see if there are possibilities for shared space.
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Peters said they are looking into hiring a professional architect to look at the structures belonging to the three entities to see if there鈥檚 any room for consolidation or the ability to sell unneeded property to get it back on the tax rolls.
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鈥淚 think this is a neat opportunity for us to do something different,鈥?Peters said.
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Rural transportation
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If Draghi does not come off as still dovish, Vecchio added, the could rally as positioning is 鈥減retty one-sided.鈥?The net-short position in euro futures contracts for the large non-commercial accounts 鈥?according to weekly data from the Commodity Futures Trading Commission鈥攊s at the highest level since <a href=http://www.saclouisvuittonhomme.com/court-portefeuilles-74>Court Portefeuilles</a> August 2012, he said.  
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Felton at the meeting again reiterated that he thinks there is a need for a rural transportation district.
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Otherwise, the meeting is likely to be a non-event for the euro, he said. Likewise, Vecchio does not anticipate a big move in as a result of the ECB meeting, especially with as-expected outcome.  
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Duncan said he has heard that increased transportation availability in the county would help give people access to needed educational resources.
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鈥淭hat being said, August has been a strong month for gold the last several years on a seasonal basis,鈥?Vecchio said. This is when physical buying often starts picking up ahead of a number of holidays around the globe in autumn and ahead of the Christmas holiday in Western nations.  
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  Felton said the cost to deliver those services through the Heart of Texas Council of Governments, which is responsible for rural on-demand transit, has been fairly expensive.
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鈥淎nd, with all of the geopolitical tensions flaring around the world, it鈥檚 hard to imagine that gold is going to take a significant hit in the near term,鈥?he added.  
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The proposed countywide district would redirect state money from the HOTCOG to an interlocal agreement with the Waco Transit System, which operates urban routes.
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By Allen Sykora of Kitco News;
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  鈥淚 felt like  it was my duty to look at the interest of McLennan County first, and the Heart of Texas Council of Governments after that,鈥?Felton said.
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Felton said at Tuesday鈥檚 commissioners court meeting, the court will discuss, and possibly vote on, the declaration of intent to create a district. If approved, a committee will be formed of the mayors of the county鈥檚 incorporated cities to discuss a plan.
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Waco Transit General Manager John Hendrickson said the interlocal agreement would provide economic stimulus, as it would give residents a way to access jobs, education and medical facilities, and employers would have access to a larger pool of employees.
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Revision as of 04:10, 30 August 2014

@@@ () 鈥?The European Central Bank is expected to leave monetary policy unchanged this week, but President Mario Draghi likely will reiterate to markets that policy-makers remain ready to undertake more monetary accommodation if necessary, analysts said. The ECB is scheduled to meet on Thursday. Eurozone inflation fell in July to 0.4% year-on-year, the lowest level since October 2009, and is well below the ECB鈥檚 target rate of 2%. ECB officials have suggested in the past that a rate below 1% poses a risk of deflation. Still, ECB policy-makers are expected to stay on hold as they continue to monitor the impact of monetary accommodation measures announced in June. Back then, the ECB cut interest rates and said it would conduct targeted longer-term refinancing operations aimed at improving bank lending. 鈥淚 am expecting absolutely nothing,鈥?said Christopher Vecchio, currency analyst at DailyFX. 鈥淭his is a weird in-between meeting where the ECB is still conducting it stress tests (on banks) and collecting data from those results. There has simply not been enough time passed since the June measures to say whether or not the accelerated pace of easing has had the wanted <a href=http://www.saclouisvuittonhomme.com/bagages-louis-vuitton-48>Bagages Louis Vuitton</a> or desired effects.鈥? Mark McCormick, forex strategist with Cr dit Agricole, described the ECB meeting as a 鈥渢ransitional鈥?one. 鈥淭hey introduced new policy measures a few months ago,鈥?he said. 鈥淭he targeted LTRO won鈥檛 start until September. So now, they鈥檙e trying to see the response to the new policy actions they put in place. They鈥檙e really in wait-and-see mode.鈥? He sees potential downside for the euro if Draghi should suggest there are still more downside risks to inflation. 鈥淚 think they鈥檒l remain pretty assertive about their accommodative stance,鈥?McCormick said. This could provide some headwinds for the euro, especially with the Federal Reserve continuing to taper its bond-buying program known as <a href=http://www.saclouisvuittonhomme.com/portefeuille-louis-vuitton-50>Portefeuille Louis Vuitton</a> quantitative easing, McCormick added. Vecchio and analysts at Barclays also look for Draghi to continue sounding a dovish tone. 鈥淲hile we and the market do not expect any change in policy, ECB President Mario Draghi is likely to reaffirm the central bank鈥檚 commitment to using extraordinary policy measures to ease monetary conditions, including the prospect of ABS (asset-backed securities) purchases, and address very low euro area inflation,鈥?Barclays said in a research note. 鈥淲e look for further information regarding the implementation of those measures in the press conference, particularly after data last week showed inflation had declined to 0.4% y/y in July and is likely to reach a cyclical low of 0.3% y/y in August and September.鈥? Related Stories:


If Draghi does not come off as still dovish, Vecchio added, the could rally as positioning is 鈥減retty one-sided.鈥?The net-short position in euro futures contracts for the large non-commercial accounts 鈥?according to weekly data from the Commodity Futures Trading Commission鈥攊s at the highest level since <a href=http://www.saclouisvuittonhomme.com/court-portefeuilles-74>Court Portefeuilles</a> August 2012, he said. Otherwise, the meeting is likely to be a non-event for the euro, he said. Likewise, Vecchio does not anticipate a big move in as a result of the ECB meeting, especially with as-expected outcome. 鈥淭hat being said, August has been a strong month for gold the last several years on a seasonal basis,鈥?Vecchio said. This is when physical buying often starts picking up ahead of a number of holidays around the globe in autumn and ahead of the Christmas holiday in Western nations. 鈥淎nd, with all of the geopolitical tensions flaring around the world, it鈥檚 hard to imagine that gold is going to take a significant hit in the near term,鈥?he added. By Allen Sykora of Kitco News;

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