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Posts Tagged ‘Street’

Nguyen Hue Flower Street readies for Tet

In Uncategorized on January 12, 2011 at 7:12 am

Nguyen Hue Flower Street readies for the annual Tet festival in Ho Chi Minh City from January 31 – February 6 (December 28 – January 4 on the lunar calendar).

The annual flower show will take place on Nguyen Hue Boulevard. (Photo:KK)

The much awaited annual flower show has been divided into various segments this year with exotic names like Vietnamese Spirit, southern Tet holiday, New advance, Peaceful Spring, Time of the season and Humane garden.

The main boulevards like Nguyen Hue, Le Loi, Dong Khoi, and Le Duan will be specially decorated with thousands of colorful lights from January 26 to February 14. Offices and shops located on these streets will decorate the front of their buildings.

A series of music performances, dragon and kylin dances will be organized at hotels like Caravelle, Rex, Majestic, Grand, Continental, Kim Do, Oscar, Bong Sen and Palace from January 31 to February 6.

Firework displays will be held at seven locations around the city and telecast live on Ho Chi Minh City Television on New Year’s Eve.

The areas near to CARIC Company, a French Shipyard & Ship repairing Company in District 2, the construction area of the political and administrative center of District 7, Go Vap District’s Cultural Park, Nga Ba Giong Memorial area of Heroic Martyrs in Hoc Mon District, Ben Duoc Temple of Heroic Martyrs in Cu Chi District, Ethnic Culture historical park in District 9 and Dam Sen Cultural Park in District 11 and Can Gio District have been marked as locations for spectacular fireworks display.

A street book festival titled “Dream” featuring readings and discussions will also be held on Mac Thi Buoi Street in District 1 from January 31 to February 6.

Another festival, the Banh Tet (cylindrical glutinous rice cake) festival will take place on January 26 – 31 (December 23 – 28 on the lunar calendar).

The organizers include Saigon tourist Travel Service Company, Dam Sen Cultural Park and the HCM City Department of Labor. War Invalids and Social Affairs department will hand over 10,000 cakes to disadvantaged children from shelters and open houses in the city on January 31.

Source: SGGP

Khanh Hoa forbid street vendors to sell souvenirs to tourists

In Uncategorized on December 24, 2010 at 4:27 am

The central province of Khanh Hoa will ban all street vendors from business activities in historic and cultural sites, as well as ports and bus stations.

Street vendors insistently invite foreign tourists to buy items at Cau Da Port in the City Nha Trang in the central province of Khanh Hoa.The province will forbid street vendors to annoy tourists at historical and cultural sites (Photo: Tuoitre)

The provincial People’s Committee has just convened a meeting with relevant agencies. The meeting met to discuss how to resolve issues around street vendors who insistently invite foreign tourists to these historical and cultural sites and sell them souvenirs.

Le Xuan Than, deputy chairperson of People’s Committee, said at the meeting that street vendors have annoyed foreign tourist a great deal, enticing them into buying their souvenirs.

To deal with this issue, the Department of Culture, Sport and Tourism and the Department of Industry and Trade, along with other relevant agencies, are to enforce regulations with regard to the mobile selling of souvenirs at the above-mentioned places.

The city of Nha Trang have ordered volunteers to visit Cau Da port, market Dam and Long Son pagoda in the attempt to hinder street vendors from selling souvenirs to tourists.

Source: SGGP

After Fed boost, global woes hit Wall Street

In Uncategorized on November 13, 2010 at 8:53 am

HCM City to increase legibility of street signs

In Uncategorized on October 14, 2010 at 6:31 pm

HCM City to increase legibility of street signs

QĐND – Wednesday, October 13, 2010, 20:29 (GMT+7)

The HCM City Transport Department has decided to change street nameplate designs to facilitate traffic and visitors.

The department’s Urban Traffic Management Unit 1, which is in charge of making the new designs, said the current plates are not well-designed, and the street names are too small to see from a distance. The plates are only 50cm in length and 30cm in height, and letters are 8cm in height.

The plates cannot contain the word Duong (road) and the street name, especially for names with more than six letters.

Ha Le An, deputy chief of the Unit 1’s Technique Infrastructure Management Office, said his unit would work with the HCM City Communist Youth Union to launch a street nameplate design contest for finding the best design for city streets.

The new plates will be 97cm in length and 25cm in height to cover long street names with 9-cm high letters.

The word “road” will be abbreviated RD on the right corner of the plate to make it easier for foreigners to understand.

Unit 1 has chosen corrugated steel as the new material for the nameplates.

After the contest, the Transport Department will install new plates on main streets for an experiment, and then on most streets in the city, An said.

Source: VNA
Photo: phapluattp

Source: QDND

Obama praises Wall Street reform, rejects Republican plan

In Uncategorized on July 24, 2010 at 11:17 am

US President Barack Obama Saturday praised a Wall Street reform law enacted this week and rejected a Republican plan to jump-start the economy, saying it will take the country backward.

U.S. President Barack Obama makes a statement about the economy in the Roosevelt Room of the White House in Washington July 23, 2010. (AFP Photo)

“Wall Street reform is a key pillar of an overall economic plan we have put in place to dig ourselves out of this recession and build an economy for the long run — an economy that makes America more competitive and our middle-class more secure,” Obama said in his weekly radio address.

On Wednesday, the president signed into law the most sweeping reform of the US finance industry since the 1930s, promising US taxpayers would no longer get the bill for Wall Street excess.

The legislation, which some Republicans have pledged to repeal, introduces new consumer protections, checks the power of big banks and cracks down on deceptive practices by credit card firms.

Seeking to restore public confidence in his economic leadership as unemployment flirts with double digits, Obama said the bill would repair the fractures and abuses that produced the financial meltdown.

“It’s a plan based on the Main Street values of hard work and responsibility — and one that demands new accountability from Wall Street to Washington,” the president said in his address.

Obama also rejected an economic plan offered by House Republican Minority Leader John Boehner, saying it would repeal health insurance reform and take away tax credits from millions of small business owners.

According to the president, the Republican plan would also permanently keep in place the tax cuts for the very wealthiest Americans.

“These are not new ideas,” Obama said. “They are the same policies that led us into this recession. They will not create jobs, they will kill them. They will not reduce our deficit, they will add one trillion dollars to our deficit. They will take us backward at a time when we need to keep America moving forward.”


Source: SGGP

Asian stocks follow Wall Street down on poor US homes data

In Uncategorized on June 23, 2010 at 4:32 am

Investors sold Asian stocks on Wednesday as the optimism over China’s move to make its currency more flexible was replaced by concerns over the global economy caused by weak US housing data.

A foreign exchange dealer passes by an electronic board at the head office of Korea Exchange Bank in Seoul on June 21, 2010. (AFP Photo)

Hong Kong was 0.13 percent lower, Tokyo shed 1.69 percent by the break and Sydney fell 1.15 percent while Singapore dropped 0.64 percent. Shanghai slipped 0.73 percent.

Wall Street was off 1.43 percent after figures showed the property market in the world’s biggest economy was struggling.

Existing-home sales fell 2.2 percent in May after two consecutive rises, the National Association of Realtors said Tuesday, despite support from a government tax-incentive programme.

The report “suggests that there may be greater fundamental weakness in housing demand than anticipated”, said Celia Chen at Moody’s

“The optimism we saw a few days ago has been snuffed by that weak US home sales data,” BBY senior institutional trader Peter Copeland told Dow Jones Newswires in Sydney.

The euro fell back as traders became more risk averse because of the falling stock markets.

The single currency bought 1.2245 dollars and 110.87 yen in Tokyo morning trade, down from 1.2270 and 111.12 in New York late Tuesday. The dollar slipped to 90.44 yen from 90.54 yen.

Regional markets soared on Monday after Beijing’s weekend announcement that it would allow the yuan to strengthen against the dollar.

However, that optimism faded the next day on the realisation that there would not be any major near-term changes to the foreign exchange controls by the Chinese government.

On Tuesday US Treasury Secretary Timothy Geithner welcomed China’s announcement but called for “vigorous implementation” of the move.

“The yuan-dollar rates have not moved much since the announcement. This confirmed anew that the Chinese authorities are aiming for an extremely gradual liberalisation of the currency system,” Credit Suisse said in a report.

China’s central bank let the yuan weaken Wednesday, setting the central parity rate — the centre point of its allowed trading band — at 6.8102 to the dollar, 0.18 percent weaker than Tuesday’s 6.7980.

Eyes will now be on the end of a two-day policy meeting at the US Federal Reserve, where analysts will be looking for clues to the state of the economy.

Chinese shares were also hit after the government said it would scrap an export tax rebate on some commodities including metal products and chemicals, dealers said.

The removal of the rebate, from July 15, aims to reduce excess capacity in certain sectors by discouraging exports and comes after Beijing said it would ban capacity expansion plans in the steel industry as of the end of 2011.

Oil was lower. New York’s main futures contract, light sweet crude for delivery in August dropped 68 cents to 77.17 dollars a barrel, while Brent North Sea crude for August was off 70 cents to 77.34 dollars.

Gold opened at 1,240.00-1,241.00 US dollars an ounce in Hong Kong, up from Tuesday’s close of 1,236.50-1,237.50 dollars.


Source: SGGP

US probes Google Street View data grabs

In Uncategorized on June 22, 2010 at 12:32 pm

SAN FRANCISCO, Jun 22 (AFP) – The attorney general of the US state of Connecticut is looking into whether Google broke the law by capturing people’s personal data from wireless networks while Street View bicycles and cars mapped streets.

Attorney General Richard Blumenthal announced Monday that his office will lead a multistate probe of “Google’s deeply disturbing invasion of personal privacy,” which has drawn ire and scrutiny in several countries.

“Street View cannot mean Complete View — invading home and business computer networks and vacuuming up personal information and communications,” Blumenthal said.

AFP/File – A Google street-view car

People have a right to know what information Google gleaned, how it was done and why, according to Blumenthal. He also wanted the Internet giant to detail what safeguards are in place to fix the situation.

“While we hope Google will continue to cooperate, its response so far raises as many questions as it answers,” Blumenthal said.

“Our investigation will consider whether laws may have been broken and whether changes to state and federal statutes may be necessary.”

Blumenthal has asked Google to explain how and wed wireless networks and why they recorded the quality of wireless networks they passed.

“It was a mistake for us to include code in our software that collected payload data, but we believe we didn’t break any US laws,” a Google spokesman said in response to an AFP inquiry.

“We?re working with the relevant authorities to answer their questions and concerns.”

France last week joined the list of countries to focus investigations on Google for gathering personal data as its Street View bikes and cars photographed cities across the world for its free online mapping service.

The French data protection agency CNIL said it was examining private data collected for Street View, including emails and possibly banking details, to decide if the firm should face criminal charges or other sanctions.hen it learned its Street View bicycles and cars were capturing data from unencrypt

Google said it had also handed data to privacy authorities in Spain and Germany for analysis.

Canada’s privacy commissioner is probing the collection of data by Street View vehicles, while police in both New Zealand and Australia said this month they would investigate the Internet giant over alleged privacy breaches.

In Europe, Germany, Austria, Italy and France were among the countries investigating whether their citizens’ privacy had been breached by the California-based company.

Street View lets users view panoramic street scenes on Google Maps and take a virtual “walk” through cities such as New York, Paris or Hong Kong.

The service, which began in 2006, first came in for criticism for threatening the privacy of people caught — sometimes in embarrassing situations — in the photos taken by cars cruising cities in over 30 countries.

But when it emerged that Google’s cars and bikes had also been gathering fragments of personal data sent over unsecured Wi-Fi systems, legal action and official probes were quickly announced around the world.

Google has gone on record saying it was cooperating with authorities in France and elsewhere and would delete data if legally obliged.

“Our ultimate objective is to delete the data consistent with our legal obligations and in consultation with the appropriate authorities,” Google told AFP last week.

Google said last month it was halting the collection of WiFi network information after saying it had mistakenly gathered personal data.

On June 1 it said it had deleted private wireless data mistakenly collected in Austria, Denmark and Ireland.

It had insisted previously that it was only collecting WiFi network names and addresses with the Street View cars.

The company said it has had experts examine its data-gathering software and shared its findings with data protection authorities.

Source: SGGP

Wall Street plunge triggers Asian turmoil

In Uncategorized on May 21, 2010 at 9:14 am

HONG KONG, May 21, 2010 (AFP) – The biggest drop in more than a year on Wall Street triggered fresh turmoil in Asian markets Friday, amid heightened anxiety over the eurozone debt crisis and doubts over the strength of the US economy.

After government data showed the largest number of Americans lining up for unemployment insurance claims in five weeks, US shares plunged 3.60 percent with investors also gripped by deepening fears over Europe’s debt.

Asian markets tumbled in response, with several markets hitting lows not seen for several months.

Tokyo dived 2.45 percent, or 245.77 points, to close at 9,784.54, its lowest level since December 2.

Sydney ended 0.26 percent, or 11.1 points, lower at 4,305.4 after slumping 2.9 percent to a 10-month low earlier. Singapore was 2.17 percent off.

Shanghai was 0.31 percent lower and Hong Kong was closed for a public holiday.

“This eurozone saga is turning into a bad horror movie,” Phillip Securities economist Joshua Tan told Dow Jones Newswires. “You think the monster is dead but it keeps coming back.”

The bearish US data and euro fears prompted fresh concern in Tokyo, with government officials fretting as investors piled into the safe-haven yen.

A strong Japanese currency is a worry for Japan due to its negative impact on the repatriated profits of exporters who are currently driving the country’s recovery from its deepest post-war recession.

Japanese Finance Minister Naoto Kan said Friday that the “excessive rise of the yen was not desirable”, as the safe-haven currency rapidly strengthened.

“We want to monitor the situation so that the appreciation of the yen will not become excessive,” he told a news conference.

Prime Minister Yukio Hatoyama was scheduled to meet Kan later Friday to discuss the current situation, according to local media.

Against the dollar, the Japanese unit hovered around 90.22 yen, sharply up from 91.39 yen seen in Tokyo Thursday afternoon.

The yen’s sharp rise prompted the Bank of Japan to inject one trillion yen (11.11 billion dollars) into the short-term money market to increase liquidity.

A rollercoaster week for the beleaguered euro continued with the currency recovering from four-year lows to fetch 1.2591 dollars in Tokyo trade, while it edged up slightly against the yen to 113.61 from 111.97 in New York.

A European economic task force was due to hold its first meeting Friday to beef up economic and budgetary surveillance in member states as global markets continue to doubt Europe’s unity in the face of the crisis.

Germany unilaterally banned certain speculative trades in an effort to calm markets only to see volatility spike due to the surprise the move created.

International Monetary Fund head Dominique Strauss-Kahn has said there was no risk of the 16-nation eurozone splintering but warned the crisis could cost Europe its credibility.

“The whole world is watching this… and is losing confidence in Europe,” he told television station France 2.

The crisis in Europe is being driven by debt and public deficit levels which have soared way above EU rules as governments increased spending to get their economies through the worst recession in generations.

Markets remain concerned despite a near trillion-dollar package to prevent the troubles of debt-ridden Greece spreading to the rest of Europe.

Bearish US data exacerbated doubts over the strength of its recovery, after the Labor Department said initial jobless claims totalled 471,000 in the week ending May 15, up 5.6 percent from the previous week’s revised 446,000.

A bill to enact the most sweeping overhaul of financial industry rules since the Great Depression of the 1930s and curb Wall Street excesses also passed a key hurdle Thursday in the US senate in a victory for President Barack Obama.

Oil was lower. New York’s main contract, light sweet crude for July delivery, was down 28 cents to 70.52 dollars a barrel and Brent North Sea crude for July sank 62 cents to 71.22 dollars.

Gold opened at 1,180.00-1,181.00 US dollars an ounce in Hong Kong, sharply down from Thursday’s close of 1,191.00-1,192.00 dollars.

In other markets:

— Taipei fell 2.51 percent, or 186.72 points, to 7,237.71.

The loss came despite fresh economic data showing the island’s biggest quarterly growth in 30 years.

Hon Hai fell 2.24 percent to 131.0 Taiwan dollars while Taiwan Semiconductor Manufacturing Co was 0.17 percent lower to 58.8.

— Manila closed 1.07 percent, or 34.44 points, lower at 3,179.36.

Metropolitan Bank and Trust Co. fell 2.65 percent to 55 pesos while Aboitiz Equity Ventures Inc. slipped 1.42 percent to 17.25 pesos.

Philippine Long Distance Telephone Co. bucked the trend to rise by 0.41 percent to 2,460 pesos.

— Wellington dived 1.97 percent, or 61.34 points, to close at 3,050.08.

The market is at its lowest level since August 21 last year.

— Bangkok was closed for a second straight day Friday as the Thai capital clears up after deadly clashes between anti-government protesters and security forces earlier in the week.

Source: SGGP

Wall Street reform reaches home stretch in US Senate

In Uncategorized on May 15, 2010 at 12:57 pm

Ambitious Wall Street reform, which has become a top priority for President Barack Obama, enters the home stretch in the US Senate this coming week, with a final vote on the proposal possible as early as Wednesday.

Obama used his weekly radio address Saturday to renew his push for the reform proposal, saying it would help secure the country’s economic future.

“The reform bill being debated in the Senate will not solve every problem in our financial system – no bill could,” Obama said.

“But what this strong bill will do is important, and I urge the Senate to pass it as soon as possible, so we can secure America’s economic future in the 21st century.”

Obama is promising the most sweeping regulatory reform drive since the 1930s Great Depression, and is seeking to build momentum for efforts by Democrats in Congress to overcome Republican opposition and pass a new Wall Street reform law.

Republican leaders have so far been united in opposition to the bill to impose tougher regulations on banks and finance firms and to frame a new consumer financial protection agency.

They say Obama’s reforms would introduce the heavy hand of government deeper into the US free enterprise system and would lead to a culture of financial bailouts, an accusation Democrats say is false.

But Obama countered by saying the proposed reform will help level the playing field in the financial industry by making sure all lenders – not just community banks – are subject to tough oversight.

He said the bill under consideration will prevent banks from taking too much risk and will give shareholders more say on executive pay.

“The Wall Street reform bill in Congress represents the strongest consumer financial protections in history,” the president pointed out. “You’ll be empowered with the clear and concise information you need to make the choices that are best for you. We’ll help stop predatory practices, and curb unscrupulous lenders, helping secure your family’s financial future.”

Once the senators finish offering amendments, they will have to come to an agreement on ending the debate. And if that is achieved, the reform proposal could be brought to a final vote as early as Wednesday.

If approved, the reform bill will have to be reconciled with a proposal that passed the House of Representatives in December and was then sent to the president for his signature.

“There’s a lot of work going on, a lot of conversations,” Democratic Senator Christopher Dodd, a sponsor of the bill, told reporters. “Things are going well. I hope by the end of next week it’s done.”

But on Monday, senators will still have to discuss some amendments inspired by the Greek financial crisis.

For example, an amendment offered by Republican John Cornyn of Texas would give the US representative at the International Monetary Fund the right to oppose rescue packages designed to help foreign states if there was concern that the money would never be repaid.

Another amendment would enhance the powers of the Federal Trade Commission, a body that ensures the fairness of market competition in order to enhance consumer protection.

Obama closely follows the debate. On Wednesday, he blasted an amendment offered by Republican Senator Sam Brownback that would shield automakers from scrutiny by the proposed consumer protection agency.

“We simply cannot let lobbyist-inspired loopholes and special carve-outs weaken real reform that will empower American families,” the president said, urging the Senate to continue to defeat the efforts of special interests to weaken protections for all consumers.

On Tuesday, lawmakers adopted an amendment designed to make the US Federal Reserve more transparent.


Source: SGGP

Citadel street design wins top prize

In Uncategorized on April 19, 2010 at 9:43 pm

Citadel street design wins top prize

QĐND – Monday, April 19, 2010, 21:30 (GMT+7)

Architect Hoang Thuc Hao has won first prize in a design contest organised by the Vietnam Architects’ Association for his project to renovate 2km of Buoi Street near the Thang Long Citadel.

The jury said Hao’s design would prompt the modern generation to show more interest in Thang Long and its historical and cultural values.

Hao said the theme is to create a new citadel wall from traditional materials, including large brick and laterite and decorate it with ornamental gardens laid out in formal patterns and filled in with annual bedding plants, plus a variety of lighting effects.

“The message conveyed is the citadel was built to defend the peaceful life of the city’s resident,” he said.

If Hao’s design became a reality, it would turn a street arc, whose main use now was for parking and garbage storage, into a beautiful space for community activities, the organising committee said.

The competition called for innovate architectural ideas to conserve and renovate cultural and historical heritage assets. Forty-nine entries were received, including several from abroad.

The organising committee said the designs would be passed on to the Hanoi People’s Committee to assess their practicality and to serve as references.

Source: VNA

Source: QDND