Chicken Sales Plummet in China, Hong Kong After Bird Flu Returns

The last time China’s birdflu epidemic dominated the ether, and internet, was in April, when news of numerous casualties led many to believe that the epidemic was on the verge of breaching all local containment measures. And then, suddenly, all media coverage of China’s H7N9 story disappeared as if by Department of Truth (and propaganda) magic. Naturally, the quick popular response was to assume that all was again well since the government no longer made it a notable topic – just like the Japanese government did with Fukushima. However, as in the case of Fukushima, it turns out all may not have been well. As Japan’s NHK reports, H7N9 bird flu strain is once again spreading in southern China, claiming the 148th victim of the vicious flu virus. Or perhaps instead of “once again” it was simply “constantly.”

From NHK:

Provincial authorities in southern China are increasing measures against the spread of the H7N9 bird flu. They are warning that the chance of contracting the disease is rising.

 

Health officials of Guangdong Province said on Thursday that a 38-year-old man in Shenzhen came down with the H7N9 strain. The man is being treated at hospital and remains in critical condition.

 

This is the 148th case of human H7N9 infection in mainland China, Taiwan and Hong Kong. The first case emerged in Shanghai in March.

 

Reports of the H7N9 infection entered a lull in the summer. But Guangdong officials say the 38-year-old man is the 4th human infection case over the past week. Hong Kong authorities also confirmed the H7N9 virus in 2 people who had visited the province this month.

 

Guangdong’s government is increasing its counter-measures. It is sending teams of experts to inspect live poultry markets and medical institutions across the province.

Others aren’t waiting for the diligent, honest and accurate Chinese government to do its job. Because as SCMP reports, in next door neighbor Hong Kong, sales of chicken have already plunged by 40% on just the several hushed bird flu stories alone.

Chicken was absent from many local dinner tables last night as Hongkongers celebrated winter solstice, with wet market vendors complaining of a drop in sales because of bird flu fears.

 

Trader Ma Ping-loon, a member of the Poultry Dealers and Workers Association, said business was down about 40 per cent from last year’s festival. “We’re badly affected by this. Very few people are buying chicken compared with last year. Sales have been slow all day,” Ma said.

 

He added that the price for one catty (about 600 grams) of fresh chicken fell 30 per cent yesterday to about HK$45. A live-chicken vendor at the Java Road Municipal Services Building in North Point said sales of both local chickens and those imported from the mainland were down compared with last year, but the prices were about the same.

 

One shopper at the market said she would serve seafood instead of
chicken this year. “I’m avoiding any form of contact with chicken,
whether it’s dead or alive,” she said, adding that she had made the
decision after news of the first death from the new strain of bird flu
affecting humans, H10N8, in Jiangxi province.

Hopefully it is not seafood from the Fukushima region. As for the sources of this latest breakout:

Mainland health authorities last week confirmed that an elderly woman died earlier this month after contracting H10N8, another strain of bird flu that has crossed the species barrier.

 

 

The latest case is a 38-year-old migrant worker who lives and works in Nanwan Street, Longgang, near the market, who was in critical condition in hospital.

 

A second patient, a 39-year-old man from Dongguan, commuted to the district.

 

The pair follow Tri Mawarti, a domestic helper who on December 2 became the first person in Hong Kong diagnosed with the virus. She is believed to have handled a live chicken at a flat in Nanwan Street before falling ill.

 

Guangdong has confirmed six cases of H7N9 in humans since August. So far, there have been 143 confirmed cases on the mainland, in Taiwan and Hong Kong.

 

Meanwhile, public hospitals in Hong Kong have stepped up tests for bird flu. All patients with pneumonia and flu-like symptoms are required to be tested for bird flu, even if they have not come into contact with birds or poultry or travelled recently.

In other words, in the food heavy CPI-weighed country of China, as a result of tumbling demand for chickens and associated prices, the market may once again assume that there is deflation any minute just because the ultraviolet light special for chickens is on.

That, and of course the staff of YUM having to “explain” why its KFC China sales are once again about to crater, and why it is nothing to be concerned about.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/1UU4PMXmJF4/story01.htm Tyler Durden

China "Fixes" Liquidity Crisis… By Banning Media Use Of Words "Cash Crunch"

How do you “fix” a nations’ banking system’s increasingly desperate need (and dependence upon) for government-provided liquidity without giving in and just providing all the inflation-stoking liquidity the banks demand? Simple – in China – you ban the media from discussing it. As The FT reports, Chinese propaganda officials have ordered financial journalists and some media outlets to tone down their coverage of a liquidity crunch in the interbank market, in a sign of how worried Beijing is that the turmoil will continue. The censors have warned reporters not to “hype” the multiple-sigma spikes in overnight-funding rates and have forbidden the press from using the Chinese words for “cash crunch.”

Of course – early prints in today’s repo market are seeing levels normalize back to around 4-5% (just as Goldman Sachs ‘suggested’ they would because this liquidity spike is nothing but ‘seasonals’ – hhhmm)

 

Via The FT,

Chinese propaganda officials have ordered financial journalists and some media outlets to tone down their coverage of a liquidity crunch in the interbank market, in a sign of how worried Beijing is that the turmoil will continue when markets reopen on Monday.

 

Short-term interest rates for loans in the interbank market shot up last week in an apparent repeat of the cash crunch in June

 

 

Money market rates surged again on Friday, even after China’s central bank announced on Thursday evening that it had carried out “short-term liquidity operations” to alleviate the problem.

 

 

In response Chinese censors have warned financial reporters not to “hype” the story of problems in the interbank market, and in some cases have forbidden them from using the Chinese words for “cash crunch” in their stories, according to two people with direct knowledge of the matter who asked not to be named.

 

The Communist party’s powerful propaganda department and various other party and government bureaux frequently issue bans and detailed instructions to Chinese media on “sensitive” issues that could undermine party legitimacy.

 

 

That directive also ordered media to “strengthen their positive reporting” and “fully report the positive aspect of our current economic situation, bolstering the market’s confidence”, according to a copy obtained by the FT.



    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Zv1I63MfpJs/story01.htm Tyler Durden

China “Fixes” Liquidity Crisis… By Banning Media Use Of Words “Cash Crunch”

How do you “fix” a nations’ banking system’s increasingly desperate need (and dependence upon) for government-provided liquidity without giving in and just providing all the inflation-stoking liquidity the banks demand? Simple – in China – you ban the media from discussing it. As The FT reports, Chinese propaganda officials have ordered financial journalists and some media outlets to tone down their coverage of a liquidity crunch in the interbank market, in a sign of how worried Beijing is that the turmoil will continue. The censors have warned reporters not to “hype” the multiple-sigma spikes in overnight-funding rates and have forbidden the press from using the Chinese words for “cash crunch.”

Of course – early prints in today’s repo market are seeing levels normalize back to around 4-5% (just as Goldman Sachs ‘suggested’ they would because this liquidity spike is nothing but ‘seasonals’ – hhhmm)

 

Via The FT,

Chinese propaganda officials have ordered financial journalists and some media outlets to tone down their coverage of a liquidity crunch in the interbank market, in a sign of how worried Beijing is that the turmoil will continue when markets reopen on Monday.

 

Short-term interest rates for loans in the interbank market shot up last week in an apparent repeat of the cash crunch in June

 

 

Money market rates surged again on Friday, even after China’s central bank announced on Thursday evening that it had carried out “short-term liquidity operations” to alleviate the problem.

 

 

In response Chinese censors have warned financial reporters not to “hype” the story of problems in the interbank market, and in some cases have forbidden them from using the Chinese words for “cash crunch” in their stories, according to two people with direct knowledge of the matter who asked not to be named.

 

The Communist party’s powerful propaganda department and various other party and government bureaux frequently issue bans and detailed instructions to Chinese media on “sensitive” issues that could undermine party legitimacy.

 

 

That directive also ordered media to “strengthen their positive reporting” and “fully report the positive aspect of our current economic situation, bolstering the market’s confidence”, according to a copy obtained by the FT.



    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/Zv1I63MfpJs/story01.htm Tyler Durden

Winter Cross-Currents Chartporn

Just shy of the new year, financial markets continue to be dominated by the extent of monetary accommodation. Especially in major advanced economies, bonds and stocks have shrugged off the summer sell-off and posted gains on the view that low policy rates and large-scale asset purchases would persist longer. Much attention has been given to the hope of a strengthening in the U.S. economy.

In Abe Gulkowitz’ latest The PunchLine letter, he highlights the key elements from a very slowly improving labor market to the amazing moves in asset markets with ‘all the charts you can eat’ in between. The unnatural easing stance, though necessary, spurred an aberrant demand for assets in the riskier end of the spectrum. By and large, such assets have so far lived up to their promise. The new year may again challenge that assumption as the likelihood of unlikely events rises.

Markets took in stride a two-week US government shutdown and uncertainty over a US technical default. By contrast, a wide range of country-specific strains weighed on several large emerging market economies, preventing a full recovery of local asset valuations and capital flows. Much attention has been given to the hope of a strengthening in the U.S. economy.

Real estate values and equity market valuations have bolstered both business and household wealth — and the outlook for spending in 2014. The perceived postponement of Fed tapering gave rise to significant gains in global bond and equity markets. Indeed, some have questioned whether the recovery in home prices in some areas has moved too quickly. Any move to normalcy, however gradual, will test markets.

The dreaded tapering will remain a key focus of markets… As the accommodative monetary policy stance persisted in all major currency areas, so did investors’ desperate search for yield. The unnatural easing stance, though necessary, spurred an aberrant demand for assets in the riskier end of the spectrum. By and large, such assets have so far lived up to their promise.

The new year may again challenge that assumption.

 

 

TPL Dec 16 13


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/FpB6rF0Kiz0/story01.htm Tyler Durden

Coweta eliminates impact fees to help businesses

The Coweta County Commission on Tuesday made a calculated move to stimulate business growth in the county. Commissioners by unanimous vote eliminated the impact fees previously required with new development.

Impact fees were introduced in Coweta in April 2006. Those fees were intended to help offset the cost of providing public services and capital improvements in the area of the development.
The vote to eliminate those fees completely came without discussion by the board.

read more

via The Citizen http://www.thecitizen.com/articles/12-22-2013/coweta-eliminates-impact-fees-help-businesses

Coweta OK's funding for Poplar Rd. interchange engineering

The long-planned Poplar Road interchange at Interstate 85 on Newnan’s south side moved another step closer to reality Tuesday when the Coweta County Commission approved funding for the final engineering phase of the project.

Coweta County Transportation and Engineering Director Tod Handley said with the Phase 2 portion of the full-diamond interchange project well-underway, it is time to add engineering and design services to the project to complete the final design phase.

read more

via The Citizen http://www.thecitizen.com/articles/12-22-2013/coweta-oks-funding-poplar-rd-interchange-engineering

Coweta OK’s funding for Poplar Rd. interchange engineering

The long-planned Poplar Road interchange at Interstate 85 on Newnan’s south side moved another step closer to reality Tuesday when the Coweta County Commission approved funding for the final engineering phase of the project.

Coweta County Transportation and Engineering Director Tod Handley said with the Phase 2 portion of the full-diamond interchange project well-underway, it is time to add engineering and design services to the project to complete the final design phase.

read more

via The Citizen http://www.thecitizen.com/articles/12-22-2013/coweta-oks-funding-poplar-rd-interchange-engineering

PTC approves $10K to fund its share of new countywide visioning plan

An effort to develop a community-driven strategic plan for Fayette County’s future got a shot of support from the Peachtree City Council Thursday night.

Council approved a resolution in support of the Fayette Visioning Initiative and also put money where its mouth was. The $10,000 contribution will help reach the $150,000 fundraising goal established to help fund the effort, which is being overseen by a consultant. So far the biggest contribution has come from Fayette Coweta EMC, which chipped in $60,000 toward the goal, officials said.

read more

via The Citizen http://www.thecitizen.com/articles/12-22-2013/ptc-approves-10k-fund-its-share-new-countywide-visioning-plan

Synagogue recognized by Coweta Commission

It was a recognition of Coweta County’s Jewish community. Coweta County commissioners Dec. 17 issued a proclamation recognizing Congregation B’nai Israel for their work and contributions in Coweta County and across south metro Atlanta.

A Reform Synagogue affiliated with the Union of Reform Judaism, Congregation B’nai Israel is located in Fayetteville and serves south metro Atlanta including Coweta and Fayette counties.
Congregation member Sharon Hudgins accepted the proclamation on behalf of the synagogue.

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via The Citizen http://www.thecitizen.com/articles/12-22-2013/synagogue-recognized-coweta-commission

Flat Rock musicians have holiday spirit

The Flat Rock Chapter of Tri-M, a musical Honor Society, recently spent money earned by members throughout the year to support local families in need. The group recently took a trip to Wal-Mart to spend the $3,350 they earned through after school sales of snacks. “We bought food and gift cards for 24 Flat Rock families in need,” said Tri-M director and orchestra teacher Kelly Gallman. Each group of kids and parents had a $60 budget to buy non-perishable food items for a family. Each group bought food for three families.

read more

via The Citizen http://www.thecitizen.com/articles/12-22-2013/flat-rock-musicians-have-holiday-spirit