A Headline, and Your Challenge
This headline caught my eye in today’s Peninsula:
US HOUSING SECTOR LOOKS UP
Why did it catch my eye? I know, I know, I am an unnatural woman. I shouldn’t bother my pretty little head with these things too great for me, but I find the financial pages interesting. You would be amazed at what you can learn in the small print.
So when I saw that headline, I was intrigued, because yesterday the reports coming out remained bleak. Key phrases like “less than expected” jumped out at me.
So here is my challenge to you. Please. Read through this article and tell me if you can find one single fact that supports the promising headline. Honestly, this gave me one of my best laughs of the day.
Get ready. Get set. GO!
US housing sector looks up
Web posted at: 10/21/2009 8:50:58
Source ::: REUTERS
WASHINGTON: New construction of US homes rose less than expected in September as ground-breaking activity for multi-family dwellings fell sharply, highlighting the economy’s uneven recovery path.
The Commerce Department said on Tuesday housing starts rose 0.5 percent to a seasonally adjusted annual rate of 590,000 units, below market expectations for 610,000. August’s housing starts were revised down to 587,000 units.
A separate report from the Labor Department showed producer prices dropped an unexpected 0.6 percent in September. Analysts had anticipated prices would remain unchanged after rising 1.7 percent in August.
“The housing numbers still look somewhat soft and that’s a reflection of weakness in the consumer. The low PPI numbers mean that the Fed is in a position to keep rates unchanged for a while,” said Subodh Kumar, chief investment strategist at Subodh Kumar & Associates in Toronto.
US stock futures, which were lifted earlier after strong quarterly results from bellwethers Apple and Caterpillar, trimmed their gains on the soft housing and price data.
New construction activity in the volatile multifamily segment dropped 15.2 percent to an annual pace of 89,000 units. Groundbreaking for single-family homes, the largest component of the housing market, rose 3.9 percent in September to an annual rate of 501,000 units.
Compared to September last year, housing starts were down 28.2 percent.
The housing market, the main catalyst of the worst US recession since the 1930s, is crawling out of a three-year slump and residential investment probably contributed to economic growth in the third quarter, according to analysts.
New building permits, which give a sense of future home construction, unexpectedly fell 1.2 percent to an annual pace of 573,000 units in September, the Commerce Department said. That was the biggest percentage decline since April.
Analysts had forecast permits at 600,000 units. Building permits were down 28.9 percent compared to September last year.
A survey on Monday showed confidence among US home builders edged down in October amid worries over the expiration of a $8,000 government tax credit for first-time buyers.
The incentive, which ends next month, has been widely cited as the main force behind the housing market’s steady recovery.
Separately, prices paid at the farm and factory gate fell 4.8 percent on the year, which was steeper than forecasts for a 4.2 percent drop. Excluding food and energy, prices declined by 0.1 percent in September from the prior month, and were up 1.8 percent on the year.
“The headline PPI numbers fuel the deflationary fears,” said Doug Bender, managing director at McQueen, Ball & Associates in Bethlehem, Pennsylvania.
Mermaid Fabric
One of the things my friend and I were seeking on our Souk Quest was mermaid fabric. My friend has a grand daughter who loves to be The Little Mermaid, and I knew that the exact right fabric existed in the souk, I had seen it and didn’t have any excuse to buy it.
We found it. It is perfect – sea green, and shiny scales:
Doha is full of wonderful fabrics for dress-up.
Where Al Rayyan Used to Begin
Leaving the Suq al Waqif, we got a shock – where you could once go straight ahead onto Al Rayyan, you can’t!
There is a left turn, a shaky bridge, and then you can go right to access Al Rayyan. It all appears temporary, and when the fix is accomplished, it will probably be a better intersection.
But this is Doha. When you think you know the route, suddenly, and often without notice, your traffic pattern makes a sudden change. The temporary diversion may last for weeks, or months, or . . .
I’m a map person, I remember once discovering that the road I intended to take, the road on the map, wasn’t there yet! In Doha, a map is only an overview, it is not reality based, the roads you see may or may not be open. In the end, I am sure there is going to be a smooth traffic pattern, but oh, in the meantime!
This is a relatively small change, with a relatively easy fix.
Souk Fire Damage
The fires in the souks between Souk al Dira’a and Souk al Asseiri caused a serious drop in customer traffic to an area already hard hit by the current economic situation world-wide. While Qatar claims to be relatively untouched, there are small signs that non-Qatteris living in Qatar are touched, indeed – expats losing jobs, expats going home, and expats not spending a lot of money because they do not feel secure about tomorrow.
We only had to drive around the long block three times before we found a parking spot. Pretty amazing, huh?
I wanted to see how badly the Dar al Thaqafa had been hurt. There was a fire truck nearby, and the fireman said that there had been a smoldering spot. It smelled like a campfire.
Here are some shots of how the area looks today:
Husbands are Husbands
Husbands are husbands
A man was sitting reading his papers when his wife hit him on the Head with a frying pan.
‘What was that for?’ the man asked.
The wife replied ‘That was for the piece of paper with the name Jenny on it that I found in your pants pocket’.
The man then said ‘When I was at the races last week Jenny was the name of the horse I bet on.’
The wife apologized and went on with the housework.
3 days later the man is watching TV when his wife bashes him on the head with an even bigger frying pan, knocking him on the head and the man asked ‘What was that for? Why did u hit me again.?’
The wife replied. ‘Your horse phoned!!’
Internet Use Changes Older Brains
I love this story – using the internet is good for aging brains!
Internet Use Changes Older Brains
LiveScience
posted: 14 HOURS 46 MINUTES AGOcomments: 10filed under: SCIENCE NEWS
(Oct. 19) — Adults with little internet experience show changes in their brain activity after just one week online, a new study finds.
The results suggest Internet training can stimulate neural activation patterns and could potentially enhance brain function and cognition in older adults.
As the brain ages, a number of structural and functional changes occur, including atrophy, or decay, reductions in cell activity and increases in complex things like deposits of amyloid plaques and tau tangles, which can impact cognitive function.
UCLA/LiveScience
Research has shown that mental stimulation similar to the stimulation that occurs in individuals who frequently use the Internet may affect the efficiency of cognitive processing and alter the way the brain encodes new information.
“We found that for older people with minimal experience, performing Internet searches for even a relatively short period of time can change brain activity patterns and enhance function,” Dr. Gary Small, study author and professor of psychiatry at the Semel Institute for Neuroscience and Human Behavior at UCLA, said in a statement.
The UCLA team worked with 24 neurologically normal volunteers between the ages of 55 and 78. Prior to the study, half the participants used the Internet daily, while the other half had very little experience. Age, educational level and gender were similar between the two groups.
The participants performed Web searches while undergoing functional magnetic resonance imaging (fMRI) scans, which recorded the subtle brain-circuitry changes experienced during this activity. This type of scan tracks brain activity by measuring the level of blood flow in the brain during cognitive tasks. While the study involves a small number of people and more research on this topic is needed, small study sizes are typical of fMRI-based research.
After the initial brain scan, subjects went home and conducted Internet searches for one hour a day for a total of seven days over a two-week period. These practice searches involved using the web to answer questions about various topics by exploring different websites and reading information. Participants then received a second brain scan using the same Internet simulation task, but with different topics.
The first scan of participants with little Internet experience showed brain activity in the regions controlling language, reading, memory and visual abilities. The second brain scan of these participants, conducted after the home practice searches, demonstrated activation of these same regions, but there was also activity in the middle frontal gyrus and inferior frontal gyrus – areas of the brain known to be important in working memory and decision-making.
Thus, after Internet training at home, participants with minimal online experience displayed brain activation patterns very similar to those seen in the group of savvy Internet users.
“The results suggest that searching online may be a simple form of brain exercise that might be employed to enhance cognition in older adults,” Teena D. Moody, the study’s first author and UCLA researcher, said in a statement.
You can read the rest of this article from Live Science on AOL News by clicking here.
Where Great Decisions are Made
Today, on my way home from a marathon-fun day, even though it was full of errands, I got to thinking great thoughts – in my car. Some of my best ideas come when I am sitting in traffic, something about the enforced nothing-to-do frees up my unconscious to tackle things I don’t otherwise think about.
One of the things I was thinking about was what, when I studied it, was called The Decision Making Process. It’s something you study in Political Science, and, although I can’t say this for sure because I haven’t specialized in these other areas, I am betting you would also study the process in Business, in Economics, in Engineering . . . when you know the process by which decisions are made, so the theory goes, you can get better at predicting how the decision making will go, what people will decide.
Or so the theory goes. . .
My personal observation is that human beings are highly unpredictable, and sometimes will make an opposite decision, even an irrational decision, in order not to be so predictable. I hate to be so cynical, but I think we are not so rational as we like to think we are.
In my Kuwait life, I remember being at a not-so-important meeting, more just a gathering, but at one point, I saw four people – influential people – meeting off in a corner, very casually, probably no one else even noticed, but they were deciding an outcome of an election, I realized later that day. OOps – not THE Kuwait election, my friends, no no no, a much lesser election. But that was where the decision was really made. These four quiet people were people who had the respect of others, and once they decided, they quietly shared their opinion with others, who shared their opinion with others and on it went, until the deed was done.
I have seen decisions made in a swimming pool. I know decisions are made on golf courses. I was hired for one job once after attending a concert, and for another because I had a responsible position in my church (it had nothing to do with the job I was hired for, but the skills were transferable.) I was hired once because my hair and eyes matched another woman working in the front office, and the boss wanted a “matched pair.” (I didn’t know that until later.)
I know that at one time AdventureMan helped lay out a military base. He said they were in a truck, and as they drove along someone dropped big stones out the back to mark the boundaries. Don’t you love it?
Gulf women tell me that weddings are important; young women are often spotted by future mother-in-laws, so moms try to make sure that their daughters are well appointed for major weddings, major events where they may be on display . . . and then they ask around checking on character and personality and suitability. But I wonder on what basis those decisions are really made, deep down? Family alliances? Securing a future? Business connections? I know there are rare alliances based on true and lasting love; I wonder how often that happens?
I know there are matrixes, and even simple two-column + – lists by which people can rationally work out what to decide. What I am cynical about – after all the matrixes are filled out, after all the plusses and minuses are totaled – I think that the decision can go counter to rationality, because we are – if not irrational – then intuitive, we are people who make decisions with other than our conscious minds. I think our hearts get involved, and you KNOW that feelings/emotions get involved. Sometimes we have “a gut feeling”; sometimes we know something on an unconscious level that we don’t know on a conscious level. If we all acted in our own rational self interest, there would not be young drivers dying on our roads, people would not be irrationally exuberant about investments, young people would not fall in love with the wrong people and life would sure a lot more dull, wouldn’t it?
I am cynical even about decisions made at the highest levels, because even decisions made by boards and after studies – even these decisions are ultimately based by human beings, and sometimes on “hunches.”
So I am wondering if YOU have had similar experiences? Have you seen major decisions made irrationally?
All this because I was stuck in traffic . . . .
The Royal Tandoor in Doha
More than a year ago, some friends took us to a restaurant in Doha that we loved. We looked and looked, and we never could find it.
Then, when we were taking our friends to eat at the Majliss, AdventureMan stopped and said “Isn’t that the restaurant we were looking for? I think it is!” and it was almost right across the street from the Majlis.
We decided to give it another try as soon as possible – and oh, was it worth it.
Every now and then, you have a meal where every single thing you order is exactly right. This was one of those meals.
We had the sizzling grilled shrimp, a hammour dish, a vegetable jalfrezi, and a veg biriyani, with a side of raita. Every dish was delicious.
They have little booths with curtains across them, if you get there early enough, or you can sit out in the open area. Service is courteous and prompt. We can hardly wait to go again – it is really good.
Fuel Station Inspections
This last week an underground tank at a fuel station not too far from us blew up. There were no fatalities, thanks be to God, but some very scared laborers, who were in a bus that fell into the hole after the explosion.
This morning AdventureMan called; he had driven by and saw the scene: a blown-out underground tank, evidence everywhere of the blast, and a sign that says “Station temporarily closed for maintenance.”
Fuel station safety to be reviewed
Web posted at: 10/17/2009 1:2:52
Source ::: The PENINSULA / By ABDULLAH ABDULRAHMAN
DOHA: Safety conditions at petrol and automobile service stations across the country might be reviewed by the authorities.
The government is setting up a committee to study the condition of petrol and service stations.
The move follows a massive explosion which took place in a fuel storage tank at a service station in the city early on Wednesday morning.
The incident left a bus and car, which were refuelling there, partly damaged. Some labourers who were being transported to their work site in the bus, suffered minor injuries. Some shops in the vicinity of the tank were also damaged, albeit slightly.
The explosion, an Interior Ministry source told Al Sharq, did not take place due to any laxity in safety measures. Rather, it was a freak accident.
Nevertheless, plans are afoot to have a panel in place which would assess the need to review the condition of the existing fuel storage tanks at petrol and service stations and see if they could be reconstructed, if the need be, the source said.
The proposed committee will have experts and work under Qatar Petroleum (QP). It will have representatives from the Interior Ministry and other government agencies as well.
The Civil Defence Department, which is a part of the Interior Ministry, monitors safety conditions at fuel stations. It is studying the conditions and assessing if they need to be improved.
It is likely that regular monitoring of fuel storage tanks would be done.
Meanwhile, there have been 478 incidents of fire in the country so far this year.
At least two people have died in these incidents and eight have suffered serious injuries.
Some 26 incidents of fire have taken place in homes, 99 in vehicles and 43 in commercial establishments other than industrial units. Some 30 industrial units have reported fires, while nine farm houses and two ships were also involved in incidents of fire.
THE PENINSULA
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