Thursday, July 27, 2006
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To refine the theory of, and analyze data/studies on, Collective Coherence Field Effects (CCFE) -- focussing on effects on financial markets. CCFE posits that group spiritual practices create an underlying, nuturing and stimulation of the the most fundamanetal core drivers of social and individual creativity, insight, progress and harmony. A type of CCFE, the Maharishi Effect (ME), is a focus due to current ME projects and past scientific studies. Click on Graphs for Larger Image
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BERLIN — The dollar dipped against other major currencies on Friday after figures showed a sharp slowdown in economic growth in the United States.
The 12-nation euro bought $1.2748 early Friday, compared with $1.2693 in overnight trading in New York. The British pound climbed to $1.8638 from $1.8573.
The dollar also slipped against the Japanese yen to 114.74 from 115.82 late Thursday.
The U.S. Commerce Department said Friday that the country's economy expanded in the second quarter at an annual rate of 2.5 percent, compared to 5.6 percent in the previous quarter.
Data shows that U.S. consumers have tightened their belts and that spending on home building decreased. High energy prices and borrowing costs are also biting.
A weakening economy could encourage the Federal Reserve to call a pause in its policy or steadily increasing interest rates. Rising rates have boosted the dollar by making certain classes of security more attractive to international investors.
However, reports also suggest that U.S. inflation _ which central banks usually battle by raising rates _ is heating up.
http://www.chron.com/disp/story.mpl/ap/fn/4079070.html
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