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The Fed and the Supplementary Financing Program
The boost in the SFP has created some confusion among observers, however, because of the limited information that Treasury and the Fed have provided about the rationale for the move. Indeed, as one reader pointed out to me, Ben Bernanke makes no mention of the SFP in his prepared testimony today. (Anyone know if he was asked about it in Q at Econbrowser, Jim Hamilton provides an excellent summary of the SFP and the possible implications of its rebirth. He concluding thoughts:
Still, one is led to wonder whether there might be a connection between today's announcement about the SFP and last week's announcement of an increase in the Fed's discount rate. Numerous Fed officials encouraged us to interpret the latter as a routine and technical management tool. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog,[url=http://www.onitsukatiger.com.sg]tiger shoes[/url], please go to the blogger's own site by clicking on the link above.

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plans to invest 36000000000 yuan in three years,[link widoczny dla zalogowanych], the implementation of 100 major projects. Heilongjiang province forestry industry development driven by large projects, efforts to promote resource advantages into industrial advantages into economic advantages.
in accordance with the planning of Heilongjiang province will focus on the construction of forest food industry with black fungus focused, expansion of cultivation area, improve Shangzhi Weihe and East Suiyang two black fungus big market, create a set of black fungus,[link widoczny dla zalogowanych], logistics, marketing, processing, packaging,[link widoczny dla zalogowanych], research and development as one of the industry leading, processing, sales of black fungus more than 250000000 kilograms, 20000000000 Yuan output value. To create the radiation of the black fungus trading market in Harbin, the province's 80% black fungus to resource gathering, in order to realize the global effort to sell to buy. In the fruit industry, the province will focus on the development of blueberry, Lonicera edulis, Hippophae rhamnoides, raspberry as the representative of the berry industry, select varieties,[link widoczny dla zalogowanych], to expand the planting area,[link widoczny dla zalogowanych], increase the processing capacity, the blueberry products in national champion; in Hegang, Shuangyashan, Qitaihe Jia Musi, such as construction of nut industry base in Korean pine seed,[link widoczny dla zalogowanych], large hazelnut as representative the Russian pine resources; utilization, the annual output value will reach 30000000000 yuan. In pharmacy industry, key processing with regional quality of Schisandra, thorn medicine Acanthopanax, astragalus, Xiong Dan, yew and other wild herbs and preparations, to increase protection efforts, this year the planting area of 1000000 mu, the output value reached 20000000000 yuan. The deep processing of timber, main imported materials processing, key support to Qitaihe Futaba, Yichun Guangming, Jiagedaqi Heng Friends, Qigihar Eco-ego, Harbin senying etc. as the leading furniture, wooden doors and windows manufacturing enterprises, the multi-level product aggregation group; the province this year,[link widoczny dla zalogowanych], wood processing capacity will reach 5000000 cubic meters, realize output value of 40000000000 yuan. The development of ecological tourism industry, the integration of existing forest,[link widoczny dla zalogowanych], wetland landscape resources, high starting point, high-level planning design a number of forest, wetland tourism projects, focusing on promoting the "northeast poles", "south north water" Forest Park and peony peak tourist town, Daliangzi River Forest Farm as the representative of the forest tourism project to promote wetland; Harbin, Daqing, Qigihar city as the representative, wetland tourism projects in the South Pen River, lotus, such as bubble Qixinghe wetland protection area as representative, to enhance the visibility and influence to ecological tourism. Vigorously promote the development of the Russian forestry cooperation, and strive to build the development pattern of foreign reserves of timber industry,[link widoczny dla zalogowanych], border, domestic processing, foreign sales to Russia; Heihe forestry science and Technology Park as the base, the implementation of a full range of cooperation,[link widoczny dla zalogowanych], increase the intensity of the introduction and breeding seedling characteristics of Russia, to create unique forestry industry.
promoting the forestry industry construction,[link widoczny dla zalogowanych], forestry system to determine this year for the construction of industrial projects tackling. It is reported that 100 projects, key products of forest industry projects 41, a total investment of 18300000000 yuan,[link widoczny dla zalogowanych], this year plans to invest 5200000000 yuan; the general project 59, a total investment of 17830000000 yuan, this year plans to invest 2750000000 yuan;
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Shanghai City, jointly with the Municipal Commission of Commerce, the district actively implement measures, efforts to defuse the cabbage and other vegetables and seasonal varieties structural slow-moving problem.

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yesterday morning, the reporters came to the city of Bengbu street management, this incident,[link widoczny dla zalogowanych], Bengbu City streetlight management institute director Pan ice said, whether individuals or units, for this is the deeply grieved. At present,[link widoczny dla zalogowanych], they are waiting for the final analysis of the public security organs, if the street lamp management responsibility,[link widoczny dla zalogowanych], will actively undertake. The cause of the accident, Pan Bing believes,[link widoczny dla zalogowanych], is arranged on the roadside lighting has the leakage protection device,[link widoczny dla zalogowanych], even if the leakage, outsiders momentary contact to lamppost outer wall, also just a tingling feeling, will not cause harm to human body. Pan Bing thinks, the lightning storm weather 20 days night lightning, high voltage electrostatic may cause the lamppost instantaneous, and wire tied to a lamppost and strong current to the trash, causing the tragedy.
for the accident, Pan Bing said,[link widoczny dla zalogowanych], at present the city a total of 18000 root of street lamp, street lamp 35000, to prevent this kind of accident from happening again, the street lamp management and technical personnel are investigating the key sections of the street. Up to now, has investigation is completed, can ensure that the street lamp peripheral security.
8 month 20 days of evening 7 when make, Bengbu Hongye Road on the north side of the entrance to the University Business School, Aman Chang middle school student of 16 years old is electrically killed. Yesterday,[link widoczny dla zalogowanych], on the cause of the tragedy, the reporter interviewed the relevant departments.
Core tip: August 20th at 7 pm, Bengbu Hongye Road on the north side of the entrance to the University Business School,[link widoczny dla zalogowanych], Aman Chang middle school student of 16 years old is electrically killed. The accident, Bengbu Economic Development Zone Office Director Wang told reporters, the area will be the first compensation coordinate, then in accordance with the division of responsibilities clearly the next step. The street lamp management and technical personnel are the key sections of the street. Up to now,[link widoczny dla zalogowanych], has investigation is completed,[link widoczny dla zalogowanych], can ensure that the street lamp peripheral security.
this section and the garbage box is connected to a lamppost and wire is come from? Bengbu City chief of Longhu Economic Development Zone Street Urban Management Department Zhang Bo introduces to the reporter, in order to prevent the wire is their trash stolen and unified tethered on. They think, is not necessarily the wire "accident", it may be due to a lamp post is water diffuse through the direct current into the water resulting in the death of Aman Chang. Zhang Bo also said, according to the normal human psychology, the journey is trash will not take the initiative to contact the dirty.
for Aman Chang's misfortunes, yesterday evening, Bengbu Economic Development Zone Office Director Wang told reporters,[link widoczny dla zalogowanych], the area will be the first compensation coordinate,[link widoczny dla zalogowanych], then in accordance with the division of responsibilities clearly the next step.
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yesterday at five thirty in the afternoon, the reporters came to the two golden mountain tunnel on the west side of the road. From the tunnel about 200 meters, four lanes through the fence and into a lane, funnel-shaped tunnel become blocked. With the arrival of the rush hour traffic, from west to east direction, from the "funnel" into the viaduct in Doumen.