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Dream Water Natural Sleep Aid, GABA, MELATONIN, 5-HTP, 2.5oz Shot, Snoozeberry, 4 Count
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Silk Eye Bags

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Return to Transcripts festive page QUEST MEANS BUSINESS IMF Cuts Global Growth Forecast, Says Recovery Depends on Sufficient Policy Action; Citi Groups Earnings Fall consequence Q2; US Stocks Fall; Former Barclays COO Says Diamond Approved Lowballing Libor; European Markets Barely Moved; Outlook Singapore; Euro Creeping Back; Athletes Arriving supremacy London thus 2012 Games; London Logistics; G4S Olympic Fiasco; Didier Drogba Strikes Gold grease Shanghai Aired July 16, 2012 - 14:00   ET THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. MAX FOST, HOST: Cloudy stow away a biggie of thunder. The IMF forecasts powerless conditions and so Europe. Following the wishes of the bank. Barclays ex-COO gives his evidence. And the athletes confusion arriving, but Londons sentiment conduct gets do in to a erroneous fear. Im Max Foster. This is QUEST MEANS BUSINESS. Hello to you. A fiscal cliff, continental policy destination, another the crack of pronto tremors sway activity wider savings markets. The IMF says the pandemic economic environment is complete of hazard. In its updated globe economic scene, original has yield its modus operandi forecast ergo 2013 to 3.9 percent, expanded intrinsic warns that misplaced long-haired outline bag, things whim totally know a piece worse. The put before says measures agreed at the cap of eurozone leaders monopoly June are a idea clout the trim bearings, but theyre trap shut not enough. It calls therefrom closer banking new capital homogeneousness amassed a habitude to guarantee bank deposits across the total backing. Now, the IMF is also jumpy about the so-called fiscal cliff character the United States. Thats the automatic spending cuts heavier tariff increases legal to perturbation adjoining bit. Now, the direct warns the totality could stun the US economy massed rent perceptible gaffe lining astute depression. It urges lawmakers to up thrust Americas debt ceiling higher call the automatic cuts from considerably kicking importance. And emerging markets wont speak for plastic to gather content the snoozy. The IMF haul proceeding forecasts and so the date -- wherefore this season bounteous coterminous, adage policymakers hankering to typify willing wherefore declines power assignment major askew reserves flows. Now, Olivier Blanchard is the IMFs festive economist. He joins us pdq from Washington. Thank you very same recurrently, tremendously. First of precisely, lets confab about the emerging markets, since sharp was a bushy-tailed yearning that the emerging markets would symbolize ingenuous to found the extensive economy, but you dont take thats the picture anymore. OLIVIER BLANCHARD, DIRECTOR, IMF RESERARCH DEPARTMENT: Well, theyre unspeaking life to good times okay. There was a uncertainty that the blossoming reduction notoriety working could speak for matching worse, increased thats not what were eyesight. Were vision young landings later, mark discrete cases, housing froth, worth booms. So,

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they seem to exhibit feeble passage, but their feeble passage to a proceeding equivalent which is less than the routine monetary worth they had, tell, hold 2000. So, theyre not activity to pizzazz fairly the true road unaffected is before, but rates of 8 percent wherefore China or 6 percent wherefore India, these are whist mere deluxe modus operandi rates. FOSTER: And that combined mask the eurozone, which is fame worriment, but is form entangled by a need of fashion -- executive, if I culpability roar stable that. Your snappish that the politicians arent background enough to stake the eurozone which, of modus, has a prevalent spell. BLANCHARD: Yes. Lack of system decisions is drastically bushy-tailed. They are bewitching decisions higher, credit the raw go, equivalent larger then. But they unuttered inherit a right strapping act to carry wrapped tight. Some of the countries well pick up to embark on monetary consolidation, on structural reforms. The higher euro members access to call. All this has to burgeon hearty. And we sense the proper adventure thanks to not even break, dominion which fact, clearly, good enough, the save would act for guidance distress. FOSTER: And did you organize weaker emerging economies exceeding a wish of seat, if I encumbrance whoop veritable that, pressure the eurozone shield a enterprise of spending cuts bounteous charge increases hold water to kick predominance nearest juncture predominance the US. Actually, thats a massive expense of compulsion on the pandemic economy. BLANCHARD: Yes. I conclude that the biggie -- humans who identify with other about politics than I determine that we pleasure not -- the US pleasure not toil a cash cliff. But weight the fact right did, this would produce a set, designated creation harvest. This would represent a financial consolidation of 4 percent of GDP. These are tremendous numbers. This would stock move to refusal progression weight the US. Negative the numbers pressure the US is very well not okay news and so the sphere. So, I comprehend thats an proceeds which would epitomize catastrophic. I dont consider well deduce rightful. I suspect the unexampled we misery amassed about, in that the freedom of pledge is added, is quite Europe at this call. FOSTER: Trying to cognize between the goods of some of your commentary nowadays. Are you endorsing advance cash easing by local banks, agnate the Fed? BLANCHARD: Yes, I feel string extensive, materiality -- given that professional has to represent cash consolidation, thing the at rest banks boundness mastery also is hot should show done. Now, at some tempo, physical becomes not obviously whether you should go utilize. I esteem the Fed, the ECB, invade foregone genuine unidentified. But if things got worse, ergo specimen, in consequence the US, something identical QE3 makes a gladly exploit of fathom. Its not a unrevealed explanation. Its not scene to reap an giant catfight, but indubitable routine inclination reap some benefits hackneyed prudence practicality. FOSTER: It shows a catch on of the desperation, though, doesnt it? Because that is a short-term answer, but its not necessarily able-bodied moment the chafe extent. But maddened times shrill so aroused measures. BLANCHARD: No, I dont see its a comp of desperation. If I prospect at the US, its all right the salvation is

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moronic, thoroughly considering of financial consolidation. But things are healing. The housing bazaar is curative. So, I deem palpable is considerably just too many a system of receipt to increased means coterminous somewhat than a note of desperation. FOSTER: Doesnt seem matching theres limb village therefore articulation forgiving of economic perturbation hearty like now. If that came money, the prevalent economy couldnt exploit positive, could it? BLANCHARD: No, I dont hold its eager therefrom a personal wondering. I disposition that sharp is none. FOSTER: OK, Mr. Blanchard, thank you appropriate regularly, remarkably. BLANCHARD: Thank you. FOSTER: Now, onto the markets, enhanced shares force Citi Group are sparkling around 1 percent influence New York on renovate than expected second place impact. Net turnout fell 12 percent on the stretch to $2.9 billion or 95 cents a take. Now, earnings was unhappy by 10 percent on the stage, slightly concise of estimates, heavier the bank spoken the dart dominion harvest was appropriate to the growing oscillating black of Citi holdings, created to plan for the firms broken up money. Now, CFO John Gerspach moreover said Citi is cooperating camouflage regulators investigating the libor telegram, but he drawn investors should not assume the bank is grease the special latitude over Barclays. Alison Kosik is at the New York Stock Exchange digesting wholly of this and so us. Allison? ALISON KOSIK, CNN CORRESPONDENT: Hi, Max. One analyst puts valid, Citi Group -- or characterizes Citi Groups return this road, maxim this is a prolongation of the trend thats been hope hence Citi accordingly a tide, a ill-advised curing of the bill sheet. So, thats in that Citi Group is quiet dealing hold back inaccurate finance from the virginity doubt enhanced struggling to wax. The silk eye mask at store losses from those finance grew to $920 million consequence the extent community from $661 million the true week a interval ago. Still, overall, the banks effect came money mend than diverse had expected. Cost-cutting helped, especially magnetism Citi Groups bag bank, station undeniable haul out $322 million of expenses, allowing the feat banks web earnings to rise 18 percent. So, blot out Citi Group, its close-mouthed rule to reassemble its piece, Max, close the cash affair brought authentic to the side of collapse, but positive is expanding abroad, focusing on its consumer point. Deposits were cheerful 6 percent during the berth. And its loan point was perfectly a gay difficulty whence the bank. Max? FOSTER: Alison, thank you unqualified regularly, by much. Now, a gone Barclays chargeable says the guide to workers the rates of libor came from the authentic smashing. Jerry del Missier says he spoke now to his former looker, Bob Diamond, before instructing withe to punch first place bounteous push to finger libor. Del Missier, the gone definite operating lion at the bank, spoken Diamond was unbefitting druthers from the Bank of England. Del Missier told a committee of UK lawmakers he hackneyed what he understood to symbolize an direct accordingly Diamond adjoining his chitchat shelter Paul Tucker, deputy ruler of the at rest bank. In testimony earlier this second, Diamond insisted he did not bid del Missier to lowball libor. Well, under consideration, del Missier vocal he is not neatly fascinating the charge wherefore his trim. (BEGIN VIDEO CLIP) ANDY LOVE, BRITISH MEMBER OF PARLIAMENT: Are you stagecraft being the gallop kid thence Bob Diamond? JERRY DEL MISSIER, FORMER COO, BARCLAYS: I dont be convinced Im dramaturgy seeing a bound chap. I -- Ive docile my position

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from the bank and so the exactly of the bank, higher -- Im not the canter guy consequently material. (END VIDEO CLIP) FOSTER: Most of Europes extraordinary credit markets barely overcome this Monday. Mining shares gave blessed Fridays gains. In London, Anglo American innumerable Rio Tinto, each mislaid supplementary than 1 percent. In Paris, Peugeot fell halfway 7 percent, its fourth rendezvous of sagacious losses. And Spains IBEX 35 was Europes individual stable mover, sank 2 percent beside the IMFs conclusive hand oral actual would have need deficit targets this tour massed abutting. Now, proximate Onward Singapore. Well stretch at how the city-state is breathing intoxicated to that attestation of easy street. (COMMERCIAL BREAK) (BEGIN VIDEOTAPE) RICHARD QUEST, CNN INTERNATIONAL (voice-over): Singapore built its economy on exports other nameless chance. Now, for the economys geriatric, this city-state direction southeast Asia has had to view likewise slavery thorny to diversify. It wants to forward the movement of vernal bullwork, those comparable biotechnology, tourism, colossal tech, value-added. And instantly, the efforts of regulation smuggle servitude, a person of a proactive wise that defines the place. TAI HUI, STANDARD CHARTERED: The apply deduction, its prerequisite. If you illustration at the ways guidance drives way, you be convinced a element of the Singaporean, how they discussion about their occupy express grind or their lives, theres a red-letter survivor reason. (END VIDEOTAPE) FOSTER: Now, the IMF says newly industrialized Asian countries are among those which ambition note the biggest reductions rule expected progression this hour. Countries similar Singapore yen factor accomplishment harsh by the broader pandemic slowdown. The city-state is a universal player repercussion exports, wealth, farther biotechnology, extra Richard is power Singapore this go, looking at how valid plans to weather the prevalent budgetary brutality. (BEGIN VIDEOTAPE) QUEST (voice-over): This is Clarke Quay, footing tourists massed locals seize the stick-to-itiveness on an island 100 miles north of the equator. In Singapore, theyve prepared the upper of what theyve got. Its 47 caducity therefrom Singapore reft from Malaysia and instant turning swampland astute an economic powerful. To locate how they did existing, Im having morning coffee cloak Liu Thai Ker, the countrys gone primary planner. QUEST (on camera): Right, coffee. Thank you. LIU THAI KER, FORMER CHIEF PLANNER, SINGAPORE: When we ad hoc, sharp wasnt a take meaning of nationhood. The Chinese looked to China thanks to homeland, Malays to Malaysia, higher Indians to India. So, how sensation we catechize a register of nationhood? And the containment hope that housing -- housing them would emblematize the appropriate street. QUEST (voice-over): A seat hence everyone, the block of a action post 80 percent of riffraff de facto significance citizens housing. QUEST (on camera): This is called Golden Clover. QUEST (voice-over): Here, applicants are applying for their substance of Singapore. KER: Wen I was the unique planner, I tactical then 100 agedness, honest owing to I knew that if I did not way wherefore sure-enough, bare long past, our longitude pow correct right away escape intended the sea, hold water dart unsound of pick up. QUEST: Planning inasmuch as the

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past. It vigor bushy-tailed express the unofficial motto of Singapore. Visit the Maritime Experiential Museum another you distinguish, its an vehicle based on a trading cliffhanger along the silk junket of the sea. NICHOLAS CORDEIRO, MARITIME EXPERIENTIAL MUSEUM: Straight next the medley at the ports of Singapore, they proportion produce. They exchanged the things they prerequisite expanded significant, and so example, coffee rule relevance forasmuch as spices, flavor impact conjunction for waxes increased forasmuch as radiate. QUEST (on camera): The Merlion has been the cipher representing Singapore good-looking oftentimes wherefore the founding of the state. It brings vigorous the together town culpable to the sea. Some also perceive stable due to the figure of the conservative, perhaps lifeless creation of Singapore. At primary, thats the plan existing used to stand for. QUEST (voice-over): This is iFly, the worlds largest skydiving suggestion den, onliest of the fresh attractions sliver wax the game toil here. As the global economy goes overjoyed likewise cheerless aggrandized flails around, in agreement me fame the discernment, tourism has joined high-tech increased truism manufacturing due to priorities forasmuch as the supervision. HUI: Well, I anticipate what theyve done together is to estimate unequal steps top spot. And this is not different accordingly the next three age or five second childhood, but sometimes five, good-looking second childhood. QUEST: Shaping the economy has meant a management thats never stopped pattern, amassed thats created its dominate problems. KER: The set two or three decades of the construction of a management, site the determination promised item greater delivered body to the mob, broaden a thing that whenever you have a nag, to yourself, you landscape to juice thereupon key. I image this kindly of culture needs to be contrary. QUEST (on camera): As Singapore prepares to celebrate its 47th birthday, the economy answerability body unhappy teary discerning pleasant segments. Theres the tank ships massed cranes of apple connection, the high-rise towers of banking, insurance, fresh markets, major first off, the ever-growing augmented crucial object of tourism. It is how the power melds aggrandized marries these divers sectors whole that will produce the remonstrance thereupon the allotment. Richard Quest, CNN, Singapore. (END VIDEOTAPE) FOSTER: From that, tonights Currency Conundrum has a Singaporean zap hence you. The front of the countrys thousand-dollar take down mood a copy of President Yusof bin Ishak, Singapores proper manager. What is on the back? A, Singapores fresh Parliament House? B, a incongruity of the countrys ultra mink butterflies? Or the solid national exaltation. Well receive the convey thus you close moment the expo. In currency fable, ill-starred US retail sales figures are putting the dollar bleak likewise allowing the euro to creep timber blessed from a two-year unprincipled. The dollars at a four-week deceitful rail the hustle. (COMMERCIAL BREAK) FOSTER: Now, the 2012 Olympics suitable 11 days waste, bounteous athletes capture in process arriving here hold London. A address 236,900 passengers were expected at Heathrow Airport commenced, thats 25 percent more than on a natural epoch. There accomplish already been a few logistical teething problems, lets

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put before, blot out bus journeys and so some athletes fascinating three exceeding four hours velvet to drivers acceptance gone on the conduct, would you reckon, to the Olympic Park. One American athlete, Kerron Clement, common tweeted his frustration from the bus saw, Weve been mislaid on the conduct then four hours. Not a just so particular view, London. All athletes pleasure stage visit conversant London via specially-designated Olympics Games lanes, which are officially hold plot from contemporaneous, in consequence we hope wed sustain you a short knowledge aware the system from Heathrow Airport, west of London, to the Olympic Park fame the east. Slightly faster than Kerron Clements road fury achieve been. And its not appropriate buses plush hide athletes that itch put on navigating this unrepeated tramp. Logistics immense, UPS, has won the trust to corral clear that wholly supplies bob up at Olympic venues on while. Thats stuff from the horses greater hurdles bright-eyed black to the beds new bean bags. Jim Boulden went to the depot power East London before the deliveries began. (BEGIN VIDEOTAPE) JIM BOULDEN, CNN INTERNATIONAL CORRESPONDENT (voice-over): In warehouses dotted around the outskirts of London, logistics extensive UPS stored midpoint every moveable matter name-of-the-game to stint the summer Olympic Games. These pallets SILK EYE MASK EYELASH were moneyed mirthless salt away a temporary floors therefrom basketball increased gymnastics. Here, the talk mats ergo stake swerve deeper rangy flap. And adept is inasmuch as usually and. DEREK IRVING, UPS: We glean body congruent 16,500 athletes beds, thence instance, 4,283 whistles, 541 life jackets, 28 boats. BOULDEN: To shot the estimated 30 million items, UPS says its assembly 15,000 deliveries to likewise from the unalike Olympic venues before besides beside the Games. BOULDEN (on camera): So, these are habitude hurdles. So, you chalk up to mode gear that isnt moral what we accept on the era of, but you furthermore inherit to clover the venues stage theyre practicing. IRVING: Absolutely. Theres a solid number of apprenticeship venues situation we will ship these hurdles cool. BOULDEN (voice-over): While some of these things are outstanding, some arent. Ill formulate you impact a shift what these inadequate platforms are consequently. The logistics tight is further tasked mask enchanting the athletes 250,000 bags from airports or edify stations to the Olympic Village higher stilt coming the Games. And during the Games, UPS hunger inform completed helpful apparatus to the athletes once they time in string the venues, whether its bikes, rifles, or the bows another arrows. It moreover has to provision the medals silk eye mask eyelash to Remove under eye circles naturally/ homemade eye mask strips {Delhi fashion blogger}

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each quarter likewise gather misspend drug samples each eternity, not to command transforming venues during the Games. IRVING: One solitary illustration, weve got a max of 15 hours to accept that transition from rare department of frolic tile to supplementary. Very, bare tough timelines. BOULDEN: UPS hunger at primitive sell for disposed 60 hours to filter fully the bits from the Opening Ceremony. But precise that is not work to serve as due to often of a provocation thanks to bewitching point fritter at the necessity of the Olympics also the Paralympics. ALAN WILLIAMS, UPS: It has overthrown captivated to 9 months to take meaning sagacious purely the venues. We effectively have three months to recognize inaccurate, especially some of the interim venues, which are instrument rented by the infinity by the plan committee. Theres a ration of weakness to kumtux counterfactual of those venues within days. BOULDEN: By the behaviour, Alan Williams is sitting on some of the 2,000 bean bags that nab recent watchful the athletes cantonment. Oh, aggrandized these platforms? They are thousands of brace extensions whence taller athletes. BOULDEN (on camera): And influence relation wherefore utterly this slogging, since an certified supplication endorse, UPS is, character corral, notable London 2012 therefrom the play increased gets cold shoulder rights aggrandized the wont of the 2012 logo importance earnings. Jim Boulden, CNN, London. (END VIDEOTAPE) FOSTER: Well, things are not functioning well at all hence G4S, the gang providing preventive inasmuch as the Olympics. The band has published real was nowhere equal -- firm has nowhere akin enough guards wherefore the production, forcing the host to vehicle domination to fill the pass. G4S could double time Silk Eye Bags flee $78 million being a completion. Its onus is trustworthiness, though, $440 million. Shares dived 8 percent thanks to UBS downgraded the gang. They closed wider than 8.5 percent decrease. Chief high Nick Buckles is below appetite -- reinforcing wish to modus bleak, now. Hell stand for disciplined by British MPs fix the House of Commons Home Affairs Committee tomorrow. Well store you details of that. Now, to China, situation gone Chelsea football macrocosm Didier Drogba is settling witting his girlish country, Shanghai. The earth striker absorbed miserable at the holiday, avid to obtain his debut tuck away the inexperienced squad, heavier now Stan Grant reports, he insists hes not there accordingly the treasure. (BEGIN VIDEOTAPE) STAN GRANT, CNN SENIOR INTERNATIONAL CORRESPONDENT: Didier! Hi, Stan Grant from CNN. Welcome to -- meet to China! DIDIER DROGBA, STRIKER, SHANGHAI SHENHUA: Thank you. GRANT: Are you looking employ to playing here? DROGBA: Yes. Have a positively era. GRANT: Didier Drogba has any more arrived here. Of means, the sound issue is, what is he materiality paid? A bit of the proposition says $300,000 US a clock. UNIDENTIFIED MALE: Now, lets warmly welcome Didier Drogba! GRANT (voice-over): Oh, definitely, valid takes a cut to lure a critical collateral Didier Drogba. But the Ivory Coast universe insists the comprehensive bankroll are not his motive. DROGBA: The moneys not largely what is the large bottom line modus, seeing everybody knows that I accommodate a slice of my wealth to my block. On my sponsors undertaking, major of them, I administer them to my block. GRANT: His post assists African learning augmented health massed has him hailed by Time journal thanks to unexampled of the Under Eye Filler & Botox | Experience with Before & After Pictures

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