Islamic banking grows fast – FT.com

I’ve got this email from FT.com and I think it’s very interesting and want to share it here.

LONDON: 5 November 2009: Islamic banking continues to see strong growth while conventional banking has stagnated, according to the 2009 Top 500 Islamic Financial Institutions in The Banker magazine’s November issue.

The assets held by fully sharia-compliant banks or Islamic banking windows of conventional banks rose by 28.6% to $822bn in 2009, from $639bn in 2008. This is a striking contrast to The Banker’s 2009 Top 1000 World Banks survey in July, which showed annual asset growth of just 6.8% at conventional banks. Islamic finance as an industry is building a solid track record: the compound annual growth rate for 2006-2009 is 27.86%, with assets forecast to hit $1033bn in 2010.

lucmbeki@aol.com ***If you ever get an email from this address DELETE IT***

I just got this email from this address lucmbeki@aol.com
Below you can read the entire message, actually the whole correspondence. I suggest to delete it as it is a SCAM or SPAM or whatever of the like.
This is the Google result confirming what I supposed.

my first post with BB8900

Berlusconi on TV with no contradiction

Watching the latest appearance of Berlusconi on TV makes me thinking that Italy, my country, is really in deep trouble. Not because is Berlusconi now serving as prime minister. But because whatever one, and I mean anyone, think something that goes in the opposite direction or just slightly different from the will of the “prime minister-media tycoon”, is soon or later made looking ridicule, mad, etc.

This seems to me to a new 21st century form of regime, of dictatorship for the conscience, for the mind.

I have one image in my mind: Berlusconi reading something, Vespa (the journalist) that has to stop him to start the adverts and when Vespa tried to stop Berlusconi with more decision, the prime minister placed a hand on Vespa’s right arm and continued reading. Vespa later said: “mister prime minister you’re not allowed to do this again”. Of course Berlusconi finished what he wanted to finish.

Ahead of the G20 Summit: the Employment Outlook

Briefing by OECD Secretary-General Angel Gurría

Wednesday 16 September 2009 – 11.00 a.m.

Despite early signs that an economic recovery may be in sight, unemployment is likely to continue rising into 2010. Ahead of his attendance at the G20 Pittsburgh Summit, OECD Secretary-General Angel Gurría will brief journalists on OECD recommendations on employment policy and other issues.

OECD Conference on the Economics of Climate Change

Friday 18 September, OECD headquarters
As world leaders head into serious discussions in the coming weeks about how to address climate change, new OECD work will inform some of the most contentious isssues of the debate – those related to the costs involved.

One of my favourite songs: ‘Heart of Africa’ by Martin Solveig

So the whole reason the French people can’t really dance
Is because they haven’t got the beat in their blood.

Both activity and new business fell at slower rates during August

Key points:

• Activity fell at weakest pace since September 2008.

• Jobs lost at slowest rate in ten months.

• Business sentiment rose to three-year high.

Consumer prices in OECD area fell 0.6% on year in July 2009 – OECD news release

Consumer prices in the OECD area fell by 0.6 % in the year to July 2009, compared with a fall of 0.1% in the year to June. Month-on-month, prices decreased by 0.2% in July, compared with a rise of 0.4% in June 2009.

Consumer prices for energy were down by 18.1% in the year to July 2009, following a fall of 15.5% in June. Consumer prices for food were up by 0.6% in the year to July, compared with 1.8% in June. Excluding food and energy, consumer prices rose by 1.6% in the year to July 2009, compared with 1.7% in June 2009.

Italy Manufacturing PMI: sector deteriorated in August

ADACI Italy Manufacturing PMI

Conditions in Italian manufacturing sector deteriorated at faster pace in August

• Output and new business contracted at steeper rates.

• Further evidence of spare capacity at manufacturers.

• Input costs fell at weakest pace in ten months.

Source: markit.com