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Floating Rates - Forex

 


 

Floating Rates Versus Fixed Rates
Reem Heakal

Did you know that the foreign exchange market (also referred to as FX or forex) is the largest market in the planet? In fact, over $one trillion is traded in the currency markets every day. This article is definitely not a primer for currency trading, but it will help you understand exchange rates and why some fluctuate whereas others do not.

What Is an Exchange Rate?
An exchange rate is the rate at that one currency can be exchanged for an additional. In other words, it is the price of another country's currency compared to that of your own. If you're traveling to a different country, you would like to "obtain" the local currency. Simply like the price of any asset, the exchange rate is the worth at that you'll be able to obtain that currency. If you're traveling to Egypt, as an example, and therefore the exchange rate for USD 1.00 is EGP 5.fifty, this implies that for each U.S. dollar, you can buy five and a [*fr1] Egyptian pounds. Theoretically, identical assets should sell at the identical worth in several countries, as a result of the exchange rate must maintain the inherent price of 1 currency against the opposite.

Mounted
There are 2 ways in which the value of a currency can be determined against another. A mounted, or pegged, rate could be a rate the govt (central bank) sets and maintains because the official exchange rate. A set worth will be determined against a major world currency (usually the U.S. dollar, but additionally other major currencies like the euro, the yen, or a basket of currencies). In order to maintain the local exchange rate, the central bank buys and sells its own currency on the foreign exchange market in return for the currency to which it is pegged.

If, for instance, it is determined that the value of a single unit of local currency is equal to USD three.0zero, the central bank can have to make sure that it can offer the market with those bucks. In order to keep up the rate, the central bank should keep a high level of foreign reserves. This could be a reserved quantity of foreign currency held by the central bank that it can use to unleash (or absorb) additional funds into (or out of) the market. This ensures an appropriate money supply, applicable fluctuations within the market (inflation/deflation), and ultimately, the exchange rate. The central bank can additionally regulate the official exchange rate when necessary.

Floating
Unlike the fastened rate, a floating exchange rate is set by the non-public market through provide and demand. A floating rate is typically termed "self-correcting", as any differences in provide and demand will automatically be corrected in the market. Take a look at this simplified model: if demand for a currency is low, its worth will decrease, thus creating imported product a lot of expensive and therefore stimulating demand for local goods and services. This in turn can generate additional jobs, and hence an auto-correction would occur in the market. A floating exchange rate is constantly changing.

In reality, no currency is wholly fastened or floating. In a fixed regime, market pressures will conjointly influence changes within the exchange rate. Typically, when a local currency does mirror its true worth against its pegged currency, a "black market" which is more reflective of actual offer and demand could develop. A central bank will often then be forced to revalue or devalue the official rate so that the speed is per the unofficial one, thereby halting the activity of the black market.

In a very floating regime, the central bank could additionally intervene when it is necessary to ensure stability and to avoid inflation; but, it is less usually that the central bank of a floating regime will interfere.

The planet Once Pegged
Between 1870 and 1914, there was a global mounted exchange rate. Currencies were linked to gold, which means that the price of a native currency was fastened at a group exchange rate to gold ounces. This was known as the gold customary. This allowed for unrestricted capital mobility plus world stability in currencies and trade; but, with the start of World War I, the gold standard was abandoned.

At the tip of World War II, the conference at Bretton Woods, in a shot to get global economic stability and increased volumes of world trade, established the essential rules and regulations governing international exchange. As such, a world monetary system, embodied within the International Monetary Fund (IMF), was established to push foreign trade and to take care of the monetary stability of nations and therefore that of the world economy

It had been agreed that currencies would once again be mounted, or pegged, but now to the U.S. dollar, which in flip was pegged to gold at USD thirty five/ounce. What this meant was that the price of a currency was directly linked with the worth of the U.S. greenback. So if you needed to shop for Japanese yen, the value of the yen would be expressed in U.S. bucks, whose value in turn was firm within the value of gold. If a country required to readjust the value of its currency, it may approach the IMF to regulate the pegged worth of its currency. The peg was maintained till 1971, when the U.S. dollar could now not hold the price of the pegged rate of USD thirty five/ounce of gold.

From then on, major governments adopted a floating system, and all makes an attempt to move back to a world peg were eventually abandoned in 1985. Since then, no major economies have gone back to a peg, and the use of gold as a peg has been utterly abandoned.

Why Peg?
The reasons to peg a currency are linked to stability. Especially in nowadays's developing nations, a country might decide to peg its currency to create a stable atmosphere for foreign investment. With a peg the investor can invariably know what his/her investment worth is, and therefore can not have to worry regarding daily fluctuations. A pegged currency will also facilitate to lower inflation rates and generate demand, which results from bigger confidence in the soundness of the currency.

Fastened regimes, but, can usually cause severe money crises since a peg is troublesome to maintain in the future. This was seen in the Mexican (1995), Asian and Russian (1997) money crises: an try to maintain a high worth of the native currency to the peg resulted in the currencies eventually turning into overvalued. This meant that the governments might no longer meet the strain to convert the local currency into the foreign currency at the pegged rate. With speculation and panic, investors scrambled to urge out their money and convert it into foreign currency before the local currency was devalued against the peg; foreign reserve provides eventually became depleted. In Mexico's case, the government was forced to devalue the peso by thirty%. In Thailand, the govt eventually had to permit the currency to float, and by the top of 1997, the bhat had lost its value by fifty% because the market's demand and supply readjusted the price of the local currency.

Countries with pegs are usually related to having unsophisticated capital markets and weak regulating institutions. The peg is thus there to assist create stability in such an setting. It takes a stronger system in addition to a mature market to maintain a float. When a rustic is forced to devalue its currency, it's also needed to proceed with some type of economic reform, like implementing larger transparency, in an effort to strengthen its money institutions.

Some governments could select to own a "floating," or "crawling" peg, whereby the govt reassesses the price of the peg periodically and then changes the peg rate accordingly. Usually the amendment is devaluation, however one that is controlled thus that market panic is avoided. This methodology is typically used in the transition from a peg to a floating regime, and it permits the government to "save face" by not being forced to devalue in an uncontrollable crisis.

Although the peg has worked in creating international trade and monetary stability, it had been used solely at a time when all the main economies were a half of it. And while a floating regime is not while not its flaws, it's proven to be a additional efficient means that of determining the long term worth of a currency and making equilibrium in the international market.


Article Courtesy:
http://finance.yahoo.
com/education/
currencies/article/
106076/Basic_
concepts_for_
currencies_markets


Currency News

 Forex Rate - Currency News
Forex news and articles about spot Gold prices and oil

Euro Weakness Looking To Hold
by admin
21 May 2012 at 12:33pm
On the Forex markets this morning the Euro around was struggling to regain a foothold beyond the $1.27 area against the Dollar. Staying virtually unchanged from its level on Friday, the dollar at 1.2692 euro (+ 0,08%). A low of 1.2642 dollars was hit this morning, against a peak at 1.2708. No significant movements to report against the ye Read more ...
Euro Down Slightly After Weekend On Spain Worry
by admin
1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain. The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
Euro Stability Still A Concern On Forex Markets
by admin
24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021. ‘We expect fu Read more ...
Euro Mixed Against All Other Majors
by admin
18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro. The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
Fed Keeps Rates Low ? Euro Seems Without Trend
by admin
14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar. The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
Bernanke comments causes sell off
by Tom
1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ...
Euro firm however downside risks remain
by Tom
28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ...
Euro upside following Greek deal
by Tom
22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ...
Euro upside following Greek Deal
by Tom
21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ...
Euro sold as Greek Deal lingers
by Tom
16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...



Convert Currency Midlothian

The Perspicacious Woman OnLine (C)

Volume 9:Number 3 the voice of the Daisy Shop, its staff and customers

the voice of the Daisy Shop, its staff and customers

The Perspicacious Woman OnLine

Volume 9: Number 3, August/September, 2008

Published by The DAISY Shop, women's couture resale (14 years of operation)

67 East Oak Street, 6th Floor, Chicago, IL 60611 USA

http://daisyshop.com

(001 International +1) + (312) 943-8880

FAX: (001 International +1) + (312) 943-6660, a secure line for ordering by credit card (VISA, M\C, Disc)

To Reserve merchandise (24 hour hold), e-mail us. E-mail address headdaisy@daisyshop.com

Publisher: Barbara, Head Daisy

Feature Writers: Ms Terry; Ms Romance

Assoc. Editors: Anna Daisy, Herta Daisy

Foreign Correspondents: Rym Daisy

Critic Emeritus: The Daisy Mother, Bea

Daisy Godmother: Marie

All prices shown $US. All sales are final sales. All merchandise is authentic, 2nd hand couture.

SEASON'S END SALE, July 5-August 30, 46-days

40% off summer couture garments;

20% off couture accessories

Go to our Sale page:Seasons End Sale

ARE YOU HAVING AN AFFAIR?

'Tis the time just before the opening performances of the Symphony (Dutoit Lang Sibelius Chopin Mussorgsky September 20), Opera (Manon September 27), Theatre (see Gratis Publicity below for the September schedule), and you're mulling about what to wear to Opening Night and to subsequent Fall\Winter charity galas. Fret not. Staff and moi selected a medley of garments in stock for your frugal consideration. Some current couture; others Vintage, all photograph beautifully. These in larger size photos and more can be viewed at this Page:Party Apparel.

FALL FASHION PREVIEW

Finally, the couturiers have turned their talents to real stylings for people like you and me, rather than publicity figures walking the red carpet. The trends are ladylike, wearable, and simply nice. Here are highlights of the Trends:

Suits with Pencil skirts to-the-knee and jackets long enough to belt, a good look for any occasion;

Blouses with stocks, collars, nary a Baby Doll or Empire Waist or in-your-face naked in sight, thank goodness. To wear with or without a jacket with a pencil skirt (to-the-knee) or waisted soft, floaty slacks and a nice belt;

Important belts, worn at the waist. If you no longer recall where your waist is, let me introduce you: It's about 3 inches above your belly button;

Pencil skirts, to-the-knee and longer, good lengths for ALL figures, all with waists, Dear Reader. That's right, no more short-short belly skirts;

Lots of black, a color I became disenchanted with about 3 years ago, but hey, I'm a merchant;

Lots of blues, which may or may not become a true Trend;

Simple sheath and A-line dresses to-the-knee length and longer, good lengths for ALL figures;

Soft, floaty pants with waists, giving a longer legged look, a nice look, Dear Reader. No more butt-cracks and belly button sightings, a good thing.

and patterned nylons, especially black lace;

WARM FUZZIES

To our international visitors who came a far piece (Canada, Great Britain, Australia, Italy, Netherlands, Singapore, Poland, Germany, France, Mexico, Brazil, India, Switzerland, Denmark, Hungary, Thailand); to Ruth LaFerla, journalist at the New York Times, and Sally Ryan, extraordinary photographer, for the nice publicity in the June 12 issue of the paper (At top right, Sally's photo of moi and Daisy model, Janelle); to Janelle and Lara, Daisy Models, for their efforts one fine Friday in June.


GRIPE, GRUMBLE, GROUSE

1. After 6 months wait, the camera repair shop was unable to repair our Shop camera to good working order. Of course, we obtained a full refund for services not rendered, but we're back to square one.

2. My cleaning lady blew me off, didn't show up the day she was scheduled.

3. My hair dresser blew me off, didn't show up for work on the time he was scheduled.

4. The dry cleaner ruined all 5 buttons on my Chanel jacket. Of course, they're replacing the buttons, but it's going to be a long wait to get them from Chanel, Paris.

5. The shoemaker lost a medallion on my shoe when I brought in the pair for shining. Of course, he's replacing the medallion, but it's going to be a long wait until he finds a match. Failing that, he's going to replace both medallions.

6. Both of the Shop's vacuum cleaners gave up the ghost.

7. I broke the carafe on my coffee maker and was unable to replace the carafe. Had to buy a new coffee maker.

SOMETHING OLD: Bridal Accessories & Bridal Party Gifts

For more ideas, GoTo Bridal Party Gifting

CONGRATS

To Agnes on her birthday; to Lisa and Carl on their recent wedding, and to Lisa on her new position; to Taylor on her birthday; to Carrie on her birthday; to Lara on her graduation; to Roma on her speedy recovery; to Myrna on her speedy recovery; to Anna on her lovely new hair color and hair do; to Anna Daisy on her first hair modeling effort; to Annabelle on her birthday.

BOOK WORM CORNER

Katherine

by Anya Seton

Publisher: Chicago Review Press, Incorporated (2004)
ISBN-13: 9781556525322
512 pages

Katherine or Catherine or Katheryn was born a de Roet, one of three girls born to Payne Guienne de Roet, a French or Flemish knight (who only became a knight after valorous death during one of thirteen obscure battles fought in 1370 during the futile-accomplish-nothing 100 Year War for King Edward III, having been recruited to fight for the King under some Baron of Croy, the family who owned the town and the enivrons of Le Roeulx, where he and his family lived. Before he died, he was a herald, a messenger, for Edward and\or the Baron. This was a the equivalent of mail room in 14th century corporate life. After death, he was kicked up to middle management, designated a Sir posthumously.)

Payne came from Le Rouelx (or Roeulx) in an area called Hainaut located in Belgium (whose citizens became known as Flemish, first, then, Belgian). He married Catherine or Katherine d'Avesnes, perhaps of Picardy, an area in Somme, France or maybe Hainault in Belgium, information varies. He did not come from the illustrious side of the de Roet family.

Catherine's side, the d'Avensnes, were once somewhat rich and mighty and then they had to sell off all the stuff that made them somewhat rich and mighty, suddenly, no one's sure why. No gossip remains, only sale contracts dated around the same time. I guess in her family's reduced circumstances, she was married off to a local boy, who worked in the mail room. It is possible they were fixed up at Court by the Queen who mixed in a lot on fixing up and marrying off employees, where Payne worked in the mail room between and during battles and Catherine worked as a Ladies Maid, maybe to the Queen, maybe not. Although Catherine's family became nothing special, they were still a big step up from peasant. (Anything was a step up from peasant.) After she was widowed, she was called Lady something.

Katherine was born in Le Rouelx (or Roeulx), Hainaut, Belgiumin 1350, not at Court, while her father was in the mailroom and after her mother retired from Ladies Maid and became a stay-at-home mom. Her father's work took him away from home often, since he worked mail during the 100 Year War.

She and her siblings (a brother, Walter, came long sometime before her birth) and Mom lived in Hainaut until some time when she was young (nobody says how young), she was sent to Romsey Convent (a Benedictine Order housing 100 nuns, many dogs, cats, rabbits, and monkeys and a bunch of noble women and girls, some of whom were involuntarily retired from public life due to misbehavin' or just tired, others of whom were throw-away girls without hope of making a good marriage and were channeled into careers of nunship) in Hampshire, England.

It is not known if she was sent there to be educated, not a good marketable marriage characteristic in the 14th century, or to become a nun, what throw-away girls were destined to become. None of her sisters were sent.

Queen Phillipa, Edward III's wife, was supposed to pay the Convent for her upkeep. She was a Hainaut girl who made good, and this offer was supposed to repay Payne's efforts on her part at the Siege of Calais (She was in Calais while it was being besieged for 11 months in 1346-7, newly pregnant with Margaret, her 4th daughter, who died when she was 15 years old. Sieges are awful things and many people starve to death, the purpose of a siege.). Phillipa didn't follow through on her promise to pay, guess she got busy having babies and fixing up employees and forgot. The nuns graciously kept Katherine on as a charity kid until she was about 15. Then, the Queen remembered Katherine, but not her financial obligation, and asked the Convent to send Katherine to Court (where her sister named Phillipa had been working for a while, maybe as a Ladies Maid, maybe not, and was already engaged to a guy named Geoffrey Chaucer, a fix up by the Queen). This is when Seton's book opens.

Seton put together a historical romance novel between Katherine and John of Gaunt (which is a derivation of the word Ghent, a town in Belgium, not a description of his physical type: skinny, lanky, and bony. Actually, he was good lookin, ' tall and dark). He was also known as Duke of Lancaster. Because it's the 14th century, she backdrops Chaucer (Katherine's brother-in-law, unhappily (maybe) married to Katherine's older sister, Phillipa), who invented the novel, and the Black Death, also known as the Bubonic Plague. There are knights living in poverty and munificence, knights fighting battles and jousts, serfs living in deplorable conditions, and the Plantagenets, always good reads for their excesses.

John is a Prince, son of a king, and he falls in love with Katherine while he is married to the beautiful, blonde, Countess\Duchess Blanche and before Katherine marries her dumb-dumb Knight,

Hugh of Swynford (or Swinford). Seton maintains their affair took a lot of time to be consummated (once it was, it was fruitful, 4 kids), that indirectly John has dumb-dumb murdered, and their love persisted through decades. He does marry her after he's been widowed twice and she once, although the marriage is short-lived due to his death at the age of 59 (kind of old for the 14th century) about 3 or 4 years after they were married. This novel was first published in 1954. It is good.

CONSULTATION & COMMENTARY

http://daisyshop.com

HI there, I tried to go into your website, but found most the links did not work :( I would be interested in Chanel Jewelry, please can you advise what you have available or the direct link to view. Many thanks. best Wishes Lorraine
(Hello Lorraine, Thanks for your info. I took a day off yesterday and all hell broke loose. You can view our delicious Chanel Sale items, including Chanel Jewelry at this link: http://daisyshop.com/search_results.asp?Category_ID=ChanelSale. Let me know your hearts desire. Cordially, Barbara The Daisy Shop)

The links for the womens apparel and accessories pages dont work. Terry

(Have fixed the glitch. Thanks for letting me know. Cordially, Barbara The Daisy Shop)

The Pantone Color Fashion Report isn't showing up in the newsletter. A couple of folk

(Thanks for the info. Have fixed the glitch. Cordially, Barbara The Daisy Shop)

General

Congratulations on the shop's anniversary. A bunch of folk

Y' done good. Shirley, the Daisy Aunt

Hope your jaw is doing better. Chuckele, Sylvia, Jeff

Merchandise Related

Hello, I purchased a jacket from your store 2 days ago. After trying it on at home, I found that it is much too big on me. I failed to realize this at the store because I was a little rushed by the sales people. The sales persons also did not inform me about the "final sale" policy. I was wondering if there was any way I could still be refunded for the jacket or I could at least receive store credit. The jacket is beautiful, just not my size at all! I found the store had many nice items and would love to visit it again, but found the sales people to be rather pushy about making sales. Please let me know of any options you would be willing to provide me with. Thank you, MC
(Hello M, I spoke with your sales person, who remembered you fondly, after spending time with you on a one-to-one basis. She informed you that all sales are final sales, as do all our sales people. The other sales person onboard Saturday, remembers you, also. She told you the sleeves were too long when you tried the jacket on. Regarding our Final Sale Policy: We have signs posted on this policy on the display floor and in the dressing room, your hand-written receipt shows this policy, as does your credit card receipt. All sales are final sales without store credits or refunds, M. Its quite a good Vintage Claude Montana jacket that you purchased at a greatly reduced price and I want you to enjoy it. I suggest you take it to an alterations person and have it altered. Cordially, Barbara The Daisy Shop)

COUTURE SCRAMBLE

Make as many 4 letter words from Gabriele Chanel as you can. Proper nouns are a no-no.

ANSWER

able, ache, acne, acre, agar, alar, alee, alga, anal, arch, area, bail, bale, ball, bane, bang, bare, barn, bean, bear, been, beer, bell, bier, bile, bill, bing, brae, brag, bran, brie, brig, cage, call, cane, care, cell, char, chin, clan, crab, crag, cree, crib, each, earl, earn, gain, gale, gall, garb, gear, gene, gill, girl, glee, glen, grab, grin, hail, hair, hale, hall, hang, hare, heal, hear, heel, heir, hell, herb, here, hill, hire, inch, lace, lain, lair, lane, lean, leer, liar, lice, lien, line, nail, near, nice, nigh, race, rage, rail, rain, rang, real, reel, rein, rice, rich, rill, ring

GRATIS PUBLICITY

Although March is The Month for Colon Cancer Prevention, you just gotta be aware that its a cancer that can be prevented from turning fatal all the time. Go to http://coloncancerprevention.org/ immediately to learn the signs of Colon Cancer, the only cancer that can be prevented. Why? Because Youre Worth It!

Museum of Contemporary Art

220 East Chicago Avenue, Chicago, IL 60611 312.280.2660
Museum Hours
Monday Closed
Tuesday 10 am - 8 pm
Wednesday through Sunday 10 am - 5 pm

Admission Prices Suggested General Admission $10
Students with ID and Senior Citizens $6
MCA Members and Children 12 and under, members of the military Free
Tuesdays - FREE Courtesy of Target

Chicago History Museum

1601 N. Clark St.
Chicago, IL 60614
312.642.4600
Monday-Wednesday9:30A-4:30P
Thursday 9:30A-8:00P
Friday, Saturday 9:30A-4:30P
Sunday noon-5:00P
Admission: Adults, $14; Seniors, $12; Students, $12; Children, free.

September 27, 2008 through July 26, 2009
Chic Chicago: Couture Treasures from the Chicago History Museum will provide the rare opportunity to see more than 50 of the greatest couture treasures from the Museum's collection. The exhibition will feature Gilded Age gowns by Worth and Pingat as well as modern masterpieces by Chanel and Versace. The exhibition is a testimony to Chicago women of style who supported innovative fashion designers in the hope of claiming Chicago as chic. Fashion, they believed, was the most dramatic way to re-imagine Chicago as a sophisticated and cultured city. By purchasing and wearing couture fashion, these women aspired to overcome the city's image as a gritty, industrial, working-class metropolis and its negative reputations as hog butcher to the world, gangland, and the second city. The exhibition will display some of the most significant pieces that helped shape fashion history.

Fashion Focus Chicago 2008

October 1
GEN ARTS FRESH FACES IN FASHION FEATURING A SPECIAL PRESENTATION BY CLANDESTINE INDUSTRIES HOSTED BY PETE WENTZ
evening
Millennium Park Chase Promenade North, Randolph Street, Between Michigan Avenue and Columbus Drive

October 2, 3
CHICAGO SISTER CITIES PRESENTS WORLD FASHION CHICAGO
evening
Millennium Park Chase Promenade North, Randolph Street, Between Michigan Avenue and Columbus Drive
(reservations required, limited space)/ 312.744.2400 (information)

October 4
GEN ART'S SHOP CHICAGO
Millennium Park Chase Promenade North, Randolph Street, Between Michigan Avenue and Columbus Drive
(RSVP required for General Admission)

October 5
A FASHION PERFORMANCE
Chicago Cultural Center Claudia Cassidy Theater, 78 E. Washington Street

October 6

THE ALLURE OF COUTURE
Millennium Park Chase Promenade North, Randolph Street, Between Michigan Avenue and Columbus Drive
(reservations required, limited space)

October 7
MACY'S PRESENTS THE DESIGNERS OF CHICAGO
Millennium Park Chase Promenade North, Randolph Street, Between Michigan Avenue and Columbus Drive
(reservations required, limited space)

October 1-8

CHICAGO-BASED DESIGNER COLLECTIONS AT MACY'S ON STATE STREET
Macy's on State Street, 111 N. State Street
Shop an impressive selection of apparel, jewelry and handbags designed by some of Chicagos best designers. (WC)

October 1-8

EARTH-FRIENDLY FASHIONS AND ETHNIC FASHIONS
Hampton Majestic, 22 W. Monroe Street

October 1-8
SALUTE TO THE DESIGNERS OF CHICAGO ISRED HOT!!!
Apparel Center Lobby, 350 N. Orleans Street

REEL REVIEW

Sex in the City

Director: Michael Patrick King
Writers (WGA): Michael Patrick King; Candace Bushnell
Production Companies: Darren Star Productions; HBO Films; New Line Cinema
Cast: Sarah Jessica Parker ... Carrie Bradshaw
Kim Cattrall ... Samantha Jones
Kristin Davis ... Charlotte York
Cynthia Nixon ... Miranda Hobbes
Chris Noth ... Mr. Big
Candice Bergen ... Enid Frick
Jennifer Hudson ... Louise
David Eigenberg ... Steve Brady
Evan Handler ... Harry Goldenblatt
Jason Lewis ... Jerry 'Smith' Jerrod
Mario Cantone ... Anthony Marentino
Lynn Cohen ... Magda
Willie Garson ... Stanford Blatch
Joanna Gleason ... Therapist
Joseph Pupo ... Brady Hobbes

The movie was released ten years after the series first aired and four years after the series ended. The time-line of the film spans a year.

In the series' hay-day, the Daisy Shop staff would rehash each episode the day after it aired as if the 4 main characters were real people, close friends, and in their circle.I listened and thought it strange. Did staff believe the writers were telling true tales? Did staff think the actresses were wearing wardrobes that real people posses? Although I never believed the tales or thought the wardrobes were typical of New Yorkers, I couldn't get a handle on why staff nattered away all day long. I thought it was amusing, a real people cartoon. The movie is the same, a real people cartoon, but with a lousy twist. Its length motivated the writers to come up with social messages and observations. I'd rather the movie were shallow and plastic. That's entertainment. The wardrobes were disappointing, by the way.

MS. TERRY REVIEWS

Terra Incognita: A Novel of the Roman Empire
by Ruth Downie
Publisher: Tantor Media, Inc. (2008)
ISBN-13: 9781400156672
382 pages

Why are sequels disappointing? Medicus, Downie's first novel, was riveting. This, her second, is not. Rather, it's a tedious plot, dumbed-down characters, vapid historical descriptions. Shame on you, Ruth.

THE BANCROFT STRATEGY
by Robert Ludlum
Publisher: St. Martin's Press (2006)
ISBN-10: 0312316739
538 Pages

The fact is I didn't know Ludlum died in 2001 when I purchased this book at Walgreen's remainder sale in June, 2008. The book jacket clearly stated Robert Ludlum above the title and I didn't notice that . So who wrote "The Bancroft Strategy?" I don't know. Whoever wrote it tells a decent mystery story and ended with a surprise, a good thing. Don't read the Epilogue. Stop at page 532. It's more satisfying. The author clunked on the two main characters, Todd and Andrea. They're far too brave, far too plucky. The secondary characters are predicable. The torture descriptions are terrific. The technological explanations are good. The denouement is not. Despite these failings, this book was worth $5.00.

DID YOU KNOW?

Uses of Toothpaste

Compiled by Louie Jerome, Aug 9, 2007 using Colgate Toothpaste (the non gel, non-whitening variety)

Clean the plate of the iron you use on your clothes. Toothpaste can rubbed onto the sole plate of a cold iron, left for a few minutes and wiped away. Heat the iron up and rub it shiny with a cotton cloth.

Costume Jewelry can be cleaned by brushing it with an old (soft) toothbrush and toothpaste. Rinse thoroughly.

Deodorize plastic bottles and boxes which tend to smell if kept closed or if used to store strong smelling foods. Simply brush the inside with toothpaste and toothpaste, leave for a few minutes, and rinse.

Chrome can be made to shine brilliantly by rubbing with toothpaste and rinsing clean. Buff with a soft cloth.

While cleaning you teeth, use toothpaste to clean your bathroom sink. Rub it around the bowl and rinse. This also freshens the drain and prevents stale smells.

If your little budding artist draws on the walls with crayons, toothpaste will remove their artwork. Rub it on and wipe away with warm water.

To remove the smell of onions or garlic from your hands, rub them with toothpaste and rinse in warm water.

The occasional pimple can be treated by dabbing it with toothpaste. If this is done at night, the pimple will have dried up and shrunk in size by the morning.

Use toothpaste as a quick and easy filler for small pin and nail holes in walls. It fills the holes and dries very quickly. This also works on white woodwork

Compiled by Kassidy Emmerson, published May 04, 2007

  1. Stop the Itch of Bug Bites and Minor Skin Rashes
    The first unusual use for toothpaste is to treat itchy bug bites and minor skin rashes. Just dab a little on any places on your skin that are annoying you. You can repeat as necessary, but the toothpaste should bring you relief quickly, especially if it's mint-flavored.

    2. Clean Up Stubborn Kool-Aid Stains
    My young ones love to drink Kool-Aid. But one thing I dislike about this soft drink is its staining ability. It puts a colored stain on everything it touches. Kool-Aid looks rather cute when it's in a ring around your kid's mouth. I cringe when I see it splattered on my off-white countertop though. Fortunately, a dab of toothpaste on a damp paper towel cleans up stubborn Kool-Aid stains off both skin and countertops.

    3. Soothe the Pain of a Minor Burn
    Ouch! You burned your skin and the area is stinging like crazy! Another unusual use for toothpaste is that it will help soothe the pain of a minor burn.

    4. Clean Ivory Piano Key tops
    Do you have a piano that has actual ivory key tops? If you do, then you know that you have to be real careful when you clean them, as opposed to plastic piano key tops. You can't scour ivory key tops, clean them with furniture polish or any type of household chemical, in fact. But, you can use toothpaste to clean them...as long as it's not abrasive and it doesn't contain colorings. A dab of toothpaste, a soft cloth and some rubbing will usually clean ivory piano key tops and turn them white again. Once you're done, rinse them well, then buff them dry. (You can also use toothpaste to clean plastic piano key tops too!)...Frankly, I think this is hazardous.


RESTAURANT REVIEW

Les Nomades
222 E Ontario St
Chicago, IL 60611
Phone: (312) 649-9010

Having had the opportunity to visit southern France often, I eat Provance-style food three to four times a day for the duration of my stay. I stay in the home of my friends, so I cook every other day for the family and myself and my hostess cooks on the other days. I like the way the French prepare food and I mimic them. They're intense and sincere about flavor, ingredients, preparation. Husbands and wives shop together daily at the markets, discuss the assortment of foods, examine each item before putting it in their basket. Les Nomades is called a Provencal French restaurant, so I was looking forward to visiting the restaurant.

The fact is it's fusion Provencal, very, very pricey. I didn't expect the former, although I knew about the latter. Why mess around with a perfectly fine food style of preparation? I don't get it. Fusion has unexpected ingredients and flavors and Les Nomades does it fine. Of course, I had the sweet breads for an appetizer. They're my favorite organ food. What with the chorizo, I couldn't taste the delicate flavor of the sweet breads. What's the sense of ordering the sweet breads if the organ is only used for texture? The salad was fine. You really can't mess up a salad. I had the venison loin for my entree and didn't like the mixture of flavors in the squash and Brussels sprouts, nor did I like the sauce which was juniper berries, sherry, and browned butter. It was too many flavors, none of them true. Artisan cheeses rounded out the meal and they were nice and stinky. The price was $105.00 ($US) for the 4 course meal.

I decided to price shop a traditional Stew Provencal using ingredients from Dominick's to see what Les Nomades' mark up was.

COMFORT FOOD

Stew Provencal

1/2 lb. diced bacon
2 to 3 lb beef stew meat
5 carrots, peeled and sliced round
1\2 pound button mushrooms, sliced
medium onion, chunked
2 bay leaves
1 can beef bouillon (Used canned. It has less salt than the cubes. Vegeta is not tasty in this recipe.)

1 medium garlic clove, grated (It tastes better grated.)
1/2 tsp. each thyme, rosemary, if dried. If fresh, a couple, three sprigs of each
2 c. dry red wine (or sweet wine left over from Passover, my preference)
salt and pepper to taste
Brown diced bacon lightly in deep frying pan. Add onion, carrots, mushrooms. Cover and simmer, until onions are sweated. Put in stew pot or slo-cooker. Sear stew meat on all sides in same bacon fat. Put in stew pot or slo-cooker. Add bouillon and bay leaves to pot. Drain fat from frying pan, but don't wash pan. You'll need it for the sauce.

Cook the vegetables and meat on low heat (in oven, about 250 Fahrenheit) until meat is tender. (If there is a nice meat aroma, check if meat is tender.) Remove bay leaves. Drain sauce from pot and put in frying pan. Scrape up all the renderings from the meat searing. Add wine. Turn on high and reduce by 1\2. Add thyme, rosemary, grated garlic and simmer for a few minutes. For a nice shine to the sauce, add a dollop of butter just before turning off the stove.

Serve meat and veggies over egg noodles or boiled potatoes. Add sauce on top.

Dominick's prices ($8.99 + $2.99 + $.99 + $1.99 + .99 + $4.59 + $1.89 + $2.49 + $2.49 + $7.99 = $35.40)The highest this stew as an entree might cost home made would be 33.7% of the $105 prixe fixe. This is expensive to make at home, I think.

Fresh Vegetables and Fruit & Salmonella

Six Steps to Safer Fruits and Vegetables (from http://www.ag.ndsu.edu/pubs/yf/foods/fn608w.htm)
Check
Check to be sure that the fresh fruits and vegetables you buy are not bruised or damaged.
Check that fresh cut fruits and vegetables like packaged salads and precut melons are refrigerated at the store before buying. Do not buy fresh cut items that are not refrigerated.
Clean
Wash hands with warm water and soap for at least 20 seconds before and after handling fresh fruits and vegetables.
Clean all surfaces and utensils with hot water and soap, including cutting boards, counter tops, peelers and knives that will touch fresh fruits or vegetables before and after food preparation.
Rinse fresh fruits and vegetables under running tap water (one at a time) including those with skins and rinds that are not eaten. Packaged fruits and vegetables labeled "ready-to-eat", "washed" or "triple washed" need not be washed.
Rub firm-skin fruits and vegetables under running tap water or scrub with a clean vegetable brush (then, clean the brush in the dishwasher) while rinsing with running tap water.
Dry fruits and vegetables with a clean cloth towel or paper towel. (Then, wash the towel in the washing machine.)
Never use detergent or bleach to wash fresh fruits or vegetables. These products are not intended for consumption.
Separate
When shopping, be sure fresh fruits and vegetables are separated from household chemicals and raw foods such as meat, poultry and seafood in your cart and in bags at checkout.
Keep fresh fruits and vegetables separate from raw meat, poultry or seafood in your refrigerator.
Separate fresh fruits and vegetables from raw meat, poultry and seafood. Do not use the same cutting board without cleaning with hot water and soap before and after preparing fresh fruits and vegetables.
Cook
Cook or throw away fruits or vegetables that have touched raw meat, poultry, seafood or their juices.
Chill
Refrigerate all cut, peeled or cooked fresh fruits and vegetables within two hours in a refrigerator (whose temperature is between 38-41 Fahrenheit).
Throw Away
Throw away fresh fruits and vegetables that have not been refrigerated within two hours of cutting, peeling or cooking.
Remove and throw away bruised or damaged portions of fruits and vegetables when preparing to cook them or before eating them raw.
Throw away any fruit or vegetable that will not be cooked if it has touched raw meat, poultry or seafood.
If in doubt, throw it out!

Canned Vegetables and Fruit & Salmonella

The general consensus is canned vegetables and fruit that are cooked during the canning process are safe from salmonella. If the canned goods are not cooked, merely marinated or pickled or packed in water, then, it might be contaminated.

Dried Vegetables and Fruit & Salmonella

No information available.

Fresh Squeezed Vegetables and Fruit & Salmonella

If the juice has not been pasteurized, it might be contaminated. To pasteurize at home, boil the juice for 5 minutes, then refrigerate. This changes the flavor, but it's safe to drink.

DID YOU KNOW?

From Wikipedia

Labor Day is a United States federal holiday observed on the first Monday in September. The holiday originated in 1882 from a desire by the Central Labor Union (of New York City) to create "a day off for the working man". Parades and pro-union demonstrations were central to the holiday at least through the time of World War I.

Today, Labor Day is celebrated by most Americans as the symbolic end of the summer (which symbolically begins on Memorial Day). Congress made Labor Day a federal holiday in 1894. All fifty states have also made it a state holiday.

Canada and Bermuda also observe their own 'Labour' Day holidays on the first Monday in September.

Labor Day has been celebrated on the first Monday in September in the United States since the 1880s. The form that the observance and celebration of Labor Day should take were outlined in the first proposal of the holiday a street parade to exhibit to the public "the strength and esprit de corps of the trade and labor organizations" of the community, followed by a festival for the recreation and amusement of the workers and their families. This became the pattern for the celebrations of Labor Day. Speeches by prominent men and women were introduced later, as more emphasis was placed upon the economic and civil significance of the holiday. Still later, by a resolution of the American Federation of Labor convention of 1909, the Sunday preceding Labor Day was adopted as Labor Sunday and dedicated to the spiritual and educational aspects of the labor movement.

Today, Labor Day is often regarded simply as a day of rest and, compared to the May 1 Labour Day celebrations in most countries, parades, speeches or political demonstrations are more low-key, although especially in election years, events held by labor organizations often feature political themes and appearances by candidates for office. Forms of celebration include picnics, barbecues, fireworks displays, water sports, and public art events. Families with school-age children take it as the last chance to travel before the end of summer. Some teenagers and young adults view it as the last weekend for parties before returning to school. However, of late, schools have begun well before Labor Day, as early as the 24th of July in many urban districts, including Nashville and Atlanta. In addition, Labor Day marks the beginning of the season for the National Football League and NCAA College Football. The NCAA usually plays their first games the weekend of Labor day, with the NFL playing their first game the Thursday following Labor Day.

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ADVERTISING NOW ACCEPTED IN THE PERSPICACIOUS WOMAN ONLINE

Have a product or service that perspicacious women might be interested in? Perhaps, an ad in our fashion ezine might be good for you. Heres some information:

* Our proprietary, opt-in subscribers list exceeds 1, 000 email addresses

* 39, 032 unique visitors come to our website in a two month period

* 1, 442, 348 hits occur from these unique visitors

* These website visitors spend an average of 5 minutes, 36 seconds on our website

* The fashion ezine is the 3rd most popular web page on our website

* Google has 990 listings for The Perspicacious Woman OnLine

At publishers discretion, advertising will be accepted in this fashion ezine. No adult content products or services, financial schemes

and offers, work-at-home offers, religious, political messages, philanthropic requests will be accepted.

Should your advertising contract be accepted and your payment information verifiable, the advertising contract constitutes a 2-month agreement between The Daisy Shop and you in exchange for $100 flat for the following advertising:

* A text ad containing no more than 50 words (spell check, please)

* A .jpg format image (72 or 96 resolution), sized 200x200 pixels

* A link to your website, should you have a website; other wise, address information (part of the 50-word text)

The text ad, image, and link will be published in The Daisy Shop's bi-monthly fashion ezine, The Perspicacious Woman OnLine, located at http://daisyshop.com/newsletter.asp, at various ezine directories, various search engines, and sent one time to subscribers of The Perspicacious Woman OnLine, a private, opt-in subscribers list, owned by The Daisy Shop, which will NOT be made available to advertisers.

Deadline for text, image, and link information is 15 days prior to the publication date:

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Should you miss the deadline, your ad will be published in the next bi-monthly issue.

The Daisy Shop, The Perspicacious Woman OnLine, and all parties involved in these two entities are held harmless for any and all malfunctions of the Internet which prevent a two month display. No refunds or accommodations will be given in compensation.

GoTo http://daisyshop.com/AdContract.htm for a printer friendly contract. FAX this to The Daisy Shop, (312) 943-6660.

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