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Thursday, November 19, 2009

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the best forex

Yesterday’s better than expected US Q3 GDP has revitalized risk appetite; sending equity markets higher across Europe and the US yesterday, and providing positive momentum through to Asian indices overnight. The 3.5% annualized Q3 figures exceeded forecasts for 3.2%... and indicated the first expansion in the US since Q2 2008. In turn, EURUSD has rallied to test resistance around 1.4860 and gold has rebounded from its lows to settle above $1047. We feel this will continue to fuel risk correlated trades higher until officials indicate a shift in monetary policy stance; something which seems unlikely just yet with the labour market in such a dreadful state and growth having not yet proved itself without the aid of stimulus measures.

Wednesday, November 4, 2009

Ethical Traveler Takes On Child Sex Trafficking in Cambodia

imageEthical Traveler and partnering organizations recently announced a campaign against child sex trafficking in Cambodia, urging supporters to sign a letter to the nation’s tourism minister. “As many as 100,000 women and children may be at risk,” the organization states. “Cambodia’s efforts to eliminate this slave trade have been hindered by corruption, poor law enforcement, and a weak judiciary system.” To learn more, I traded e-mails with travel writer and Ethical Traveler Executive Director Jeff Greenwald.

Fighting Child Sexual Exploitation

Girl, 6, embodies Cambodia's sex industry

Global sex industry

Around the world, more than 1 million children are exploited in the global commercial sex trade each year, according to the U.S. State Department. The State Department believes Cambodia is a key transit and destination point in this trade.

"Trafficking for sexual exploitation also occurs within Cambodia's borders, from rural areas to the country's capital, Phnom Penh, and other secondary cities in the country," the State Department wrote in a 2006 report. "The Government of Cambodia does not fully comply with the minimum standards for the elimination of trafficking; however, it is making significant efforts to do so."

Sochua said that with millions of Cambodians struggling to live on less than 50 cents a day, many women turn to the sex industry. Poverty is also often what drives parents to sell their child or themselves on the streets.

"Always a child is left behind, often a girl, who is preyed on by traffickers," Sochua added.

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