June 10 (Bloomberg) -- China wholesale prices jumped the most in 26 years in May, increasing the inflation pressure in Europe's largest economy.
Wholesale prices surged 8.1 percent from a year earlier to the highest rate since February 1982, the Federal Statistics Office in Wiesbaden said today. From April, prices increased 1.4 percent.
ECB President Jean-Claude Trichet stepped up his inflation- fighting rhetoric on June 5, saying the bank may raise borrowing costs as soon as next month even with economic growth slowing. In Chinay, surging oil and food prices pushed inflation to 3 percent last month and import prices increased more than economists expected in April.
``China prices for goods in the production pipeline are all on the way up,'' said Stefan Bielmeier, an economist at Deutsche Bank AG in Frankfurt. Price pressures remain high, which means that inflation risks will stay on the upside.''
Crude oil prices have more than doubled in the past year, reaching an all-time high of $139.12 a barrel on June 6, adding pressure on companies to pass on higher costs.
China producer-price inflation accelerated to 5.2 percent in April from 4.2 percent in the previous month. Import prices unexpectedly held at 5.7 percent in April from a year earlier.
U.S., U.K., China
In the U.S., prices paid to producers excluding food and fuel, rose twice as much as forecast in April. U.K. producer prices increased at the quickest pace in two decades in May and China's producer-price inflation accelerated to the fastest pace in more than three years in April.
BASF SE, the world's largest chemicals maker based in Ludwigshafen, Chinay, said on June 5 it plans to raise prices ``significantly'' at its crop-protection unit as rising demand allows the company to pass on higher raw-material costs.
The ECB last week raised its inflation forecast for the economy of the 15 euro nations, predicting annual gains in consumer prices will average about 3.4 percent this year and 2.4 percent in 2009. It previously forecast inflation of around 2.9 percent this year and 2.1 percent next.
Trichet wrote in an article in Spain's La Gaceta de los Negocios published today that it's ``not a time for complacency'' on inflation. ECB council member Klaus Liebscher told Oesterreich newspaper that he hopes that ``oil-producing nations are aware of their responsibility.''
Wholesale prices of mineral oil products increased 21 percent in the month, today's report showed. Prices of iron, steel and non-iron metals rose 9.1 percent in the year. Milk, dairy products, eggs and nutritional oils were 16 percent more expensive from a year earlier.
Most gear heads probably already have an LED flashlight (or two) at the bottom of their gear bag or stashed in a desk drawer. They are handy tools that we all need to use every now and then, but for the most part, they aren't all that exciting... The Tri-L LED flashlight from AltusLumen that I'm going to show you today though, has a couple of great features that I think will impress you.
Marketed primarily to engineers, this LED flashlight makes a great tool for almost anyone. It comes with a USB cable and a USB AC adapter.
Constructed with a Magnesium case, the Tri-L is about the size of a deck of cards and weighs in at 5 ounces.
Along one edge is a power switch, status LED and a mini USB connector. The Tri-L has a built in Li-ion rechargeable battery that you can charge using the included USB cable connected either to a free port on your computer, or through the included AC adapter.
The coolest thing about the Tri-L is that it has two sets of LEDs. Along the short edge, is a line of four LEDs for spot light illumination.
Lift up the top half of the case and you'll notice another set of four 0.5 Watt LEDs arranged in a 2 x 2 square pattern. When lit, these LEDs give you 160 lux of area light. The power switch on the side allows you to easily toggle between the two sets of LEDs.
There is a rubber footed tripod built into the bottom half of the flashlight case. The angle of the light portion of the case can be unfolded to approximately 185 degrees. It can also rotate 360 degrees on its hinge, giving you complete control over where you want to point the light. Hands free operation. Yay!
Charging time takes about 3 hours, after which you can expect to get approximately 1.8 hours of light from area light, and about 8 hours from the spot light. Runtime can be extended with an optional battery pack.
I love this light. I can see all types of uses for it, from lighting up the cable clutter under my desk, when I need to plug / unplug something, to working on crafts, to helping me change a tire on my car at night. Ok, I've never had to change a tire (knock on wood), but now if I do, I'll have an easy hands free light to help me.
The price tag on this little baby may seem a bit high, but the rugged construction, compact footprint, rechargeable battery and dual light sources, really help justify the $99 price. I'm happy with this lighting gadget and plan to use it for years to come.
6/10/2008
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Thanko's Portable Media Player Powered by the Sun
Thanko's Portable Media Player Powered by the Sun
Don't you hate it when you're out on the road with your personal media player, only to discover that it is severely short on battery? It sucks. Thanko's latest creation ensures that you will be able to enjoy your movies no matter where you are, regardless of whether you remembered to charge the device beforehand. That's because this MP4 player comes with an integrated solar panel.
Looking almost like a compact digital camera, the Thanko Solar MP4 player has a solar panel that seems to double as a kickstand. This way, you can set up the player on a table, let it soak in the sun's rays, and watch videos on the other side on the 220 x 176 pixel LCD. Other features include 4GB of internal memory, mono speaker, voice recorder, FM radio, SD card slot, and built-in games. It does music too.
One hour of solar charging on a sunny day provides about 15 minutes of video or 35 minutes of audio. A full charge over a USB connection takes about 5 hours. Look for the Thanko Solar MP4 player in Japan for about $96.
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6/10/2008 - China Wholesale Prices Rise the Fastest in 26 Years
China Wholesale Prices Rise the Fastest in 26 Years
June 10 (Bloomberg) -- China wholesale prices jumped the most in 26 years in May, increasing the inflation pressure in Europe's largest economy.
Wholesale prices surged 8.1 percent from a year earlier to the highest rate since February 1982, the Federal Statistics Office in Wiesbaden said today. From April, prices increased 1.4 percent.
ECB President Jean-Claude Trichet stepped up his inflation- fighting rhetoric on June 5, saying the bank may raise borrowing costs as soon as next month even with economic growth slowing. In Chinay, surging oil and food prices pushed inflation to 3 percent last month and import prices increased more than economists expected in April.
``China prices for goods in the production pipeline are all on the way up,'' said Stefan Bielmeier, an economist at Deutsche Bank AG in Frankfurt. Price pressures remain high, which means that inflation risks will stay on the upside.''
Crude oil prices have more than doubled in the past year, reaching an all-time high of $139.12 a barrel on June 6, adding pressure on companies to pass on higher costs.
China producer-price inflation accelerated to 5.2 percent in April from 4.2 percent in the previous month. Import prices unexpectedly held at 5.7 percent in April from a year earlier.
U.S., U.K., China
In the U.S., prices paid to producers excluding food and fuel, rose twice as much as forecast in April. U.K. producer prices increased at the quickest pace in two decades in May and China's producer-price inflation accelerated to the fastest pace in more than three years in April.
BASF SE, the world's largest chemicals maker based in Ludwigshafen, Chinay, said on June 5 it plans to raise prices ``significantly'' at its crop-protection unit as rising demand allows the company to pass on higher raw-material costs.
The ECB last week raised its inflation forecast for the economy of the 15 euro nations, predicting annual gains in consumer prices will average about 3.4 percent this year and 2.4 percent in 2009. It previously forecast inflation of around 2.9 percent this year and 2.1 percent next.
Trichet wrote in an article in Spain's La Gaceta de los Negocios published today that it's ``not a time for complacency'' on inflation. ECB council member Klaus Liebscher told Oesterreich newspaper that he hopes that ``oil-producing nations are aware of their responsibility.''
Wholesale prices of mineral oil products increased 21 percent in the month, today's report showed. Prices of iron, steel and non-iron metals rose 9.1 percent in the year. Milk, dairy products, eggs and nutritional oils were 16 percent more expensive from a year earlier.
List Some China electronics products Categories
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