A flotilla of nine vessels organized by pro-Palestinian activists is currently en route to Gaza carrying various goods. However, the total amount of supplies transported by the flotilla, 10,000 tons, is less than the weekly average amount of goods transferred by Israel into Gaza.
Private Israeli citizens organized a flotilla of their own to draw attention to the fact that Hamas continues to illegally hold abducted Israeli soldier Gilad Shalit. The Israeli flotilla is also calling attention to what they say is the poor treatment of minorities in Turkey, since some of the pro-Palestinian activists' vessels sailing to Gaza embarked from Turkey.
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"If we can get some confirmation from the earnings and then the stocks rally on that, it will be a very good sign that we'll have a decent summer," said Blair Falconer, portfolio manager at HSBC Securities.
North American markets finished higher last week, with the TSX up 3.34 per cent and the Dow industrials ahead 5.28 per cent as bargain hunters moved in following big slides of over four per cent the previous week.
NEW YORK — Analysts are raising earnings estimates for U. S. companies at the fastest rate since at least 2004 during a quarter when stocks have posted some of their biggest losses in 16 months on concern that the economy will sink back into a recession.
Profit for companies in the Standard & Poor’s 500 Index now are expected to jump 34 percent this year, according to more than 8,000 estimates compiled by Bloomberg. On March 29, the projected increase had been 27 percent. The revision is the greatest during any quarter in at least six years.
But lower-than-forecast home sales, manufacturing and private-sector job growth have sent the benchmark gauge for U. S. equities down 11 percent since hitting 1,217 April 23, despite last week’s rally.
The group, National Priorities Project, conveyed the size of US war spending by highlighting other things that could have been bought with the money. For example, for the price of America's two wars, the US could give grants to all of America's 19 million college students for the next nine years. One trillion would also pay the annual salaries of 21 million policemen, the group says.
According to the report, the operations in Afghanistan and Iraq, which began in October 2001 and March 2003 respectively, are the most expensive military operations the US forces have ever conducted abroad since the end of the Second World War.
