News World

Sen. John McCain said Thursday that Sen. Barack Obama’s poll numbers are rising as the economy seems to sink “because life isn’t fair.”

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REDONDO BEACH, Calif., Oct. 2 (SEND2PRESS NEWSWIRE) — Publishers Newswire, an online resource for small publishers, as well as lesser known and first-time book authors, has announced its latest quarterly “Books to Bookmark” list, for Q3/2008. This list is a round-up of new and interesting books which are often missed due to not originating from “big name” authors, or major New York book publishing houses.

The following list of books are provided as “worth a look” for media and booksellers, as well as avid readers of new and unique literary content. To learn more about these and other books, in detail, visit: http://www.publishersnewswire.com/book_news.shtml.

Books to Bookmark(TM) for 2008/Q3:

* Lady’s Hands, Lion’s Heart, A Midwife’s Saga by Carol Leonard

Announcing a new book from Bad Beaver Publishing, “Lady’s Hands, Lion’s Heart, A Midwife’s Saga” (ISBN 978-0-615-19550-6, 368 Pages), by author Carol Leonard. Often laugh-out-loud funny and irreverent, occasionally disturbing and deeply [...]

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Standard Liege knock Everton out of the Uefa Cup with goals from Axel Witsel and Milan Jovanovic.

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Standard Liege knock Everton out of the Uefa Cup after a 2-1 win in Belgium.

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Investors face a nervous 24 hours as the US House of Representatives meets to debate a revised bank rescue plan.

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According to the Ministry of Hacienda, government spending so far this year was up 36.5% compared to the Jan-Aug 2007 period. The government spent RD$181.31 billion in 2008, compared to RD$132.79 billion in 2007. Business sectors have been pressing the government to implement their oft-announced austerity plan, especially given the financial crisis in the US, the DR’s leading trading partner, as reported in El Caribe. Current spending was up from RD$103.42 billion in 2007 to RD$135.05 billion in 2008, for a 30.6% increase. Capital expenditures increased from RD$29.377 billion to RD$46.26 billion, or 57%.

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Hacienda Minister Vicente Bengoa has announced that during the first nine months of the year the government has given the energy sector RD$18.1 billion in subsidies and is expected to give the sector and additional RD$10 billion for the remainder of the year. Bengoa says the increase in the energy subsidy results from an increase in international fuel prices and other economic pressures. Bengoa says subsidies for free trade zones and the energy and agricultural sectors represent 60% of the government’s increase in spending.

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Agriculture Minister Salvador Jimenez says that cacao exports have increased to US$99 million during the first nine months of the year. Jimenez says this will be a historic year for cacao exports, adding that the high level of demand in comparison to supply is keeping cacao prices stable. According to the Economic Commission for Latin American and the Caribbean (ECLAC), the DR’s cacao is highly competitive and the country exports close to 50 million tons of cacao annually.

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Representatives of the Santiago Development Association (APEDI) have told Hoy newspaper that before considering the construction of a metro, Santiago needs the government to improve the Port of Manzanillo in Monte Cristi province to facilitate cargo exports and imports. Eduardo Trueba, Hendrick Kelnener, Enmanuel Castillo and Sonia Guzman said that the greatest expense affecting competitiveness of exports is the cost of shipping, and a port in Manzanillo would reduce these costs because exporters would not have to truck their cargo to the port of Haina on the south coast. The government proposed train from Haina to Santiago should be a second phase of the transport project. The businessmen also called for the construction of the Santiago public park on the grounds of the former Cibao airport.

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As arguments rage on about the EPA agreement between the EU and CARIFORUM, the DR is wasting no time in making the most of the trade pact. This week the country sent 12,048 metric tons of sugar to Europe and during October a second ship containing 20,373 metric tons of sugar worth US$19.3 million will sail to Europe. Dominican Sugar Institute (INAZUCAR) president Faustino Jimenez says the shipment of sugar represents the first steps in a new relationship with Europe, adding that it is a turning point that will positively affect the Dominican sugar sector and the Dominican economy. There are expectations that the DR could double or triple its sugar exports to Europe in 2009 and 2010. The Caribbean has a 60,000-ton sugar quota to Europe, as part of the agreement, of which 30,000 tons correspond to the DR.

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