In May the central bank's broad measure of "total social financing" (TSF) at last slowed a little (see right-hand chart).The other side of China's surging credit ratio is the surprisingly slow growth of nominal GDP.
Télécoms sans Frontières (TSF), a French voluntary agency (total staff: a dozen), goes in with the UN team that does the first needs-assessment in the hours after disaster strikes.Even in the short life of TSF (which grew out of the Kosovo conflict in 1999) the technological landscape has been transformed.
That was followed by an interview for the radio station TSF, appearances in high-profile television debates and well-publicised meetings with trade union leaders to advise them on economic policies.
May 28 2014 At Christie's Latin-American auction on May 28, a Botero ("Man Going to Work") vies with a work by the early-twentieth-century Uruguayan modernist Joaquín Torres García ("Composition TSF") for the top spot.
Fertagus, which operates trains linking Lisbon to Setubal 50kms (30 miles) to the south, put up posters at its stations that read: "Travelling without eating breakfast can affect everyone's trip!" Forty-six passengers fainted on the company's trains during the first half of the year, causing delays to 51 trains totalling 209 minutes, Fertagus marketing manager Raquel Santos told news radio TSF.
If a big firm borrows cheaply on the bond market, then lends less cheaply to another company, the same money will appear twice in the central bank's measure of TSF (an eclectic mix of loans, bonds, bills and even some equity financing).A deeper explanation, argues Richard Werner of Southampton University, lies in flawed theory, not bad measurement.
Clearly, Europe is not doing its job to defend the stability of the euro," he said on TSF radio, without elaborating further, The Associated Press reported.
The radio knows my usual station, TSF Jazz, so all that remains is to put the stick in D and hum off.
Finally, the report doesn't address the problems associated with a tactic called "12 step facilitation" (TSF), which is used in one form or another by at least 80% of all American treatment programs.
Later that summer the secret prison was moved to Balad, a sprawling air base 50 miles north of Baghdad, where it became known as the Temporary Screening Facility TSFF).
WITH: Gérard Jugnot (Pigoil), Clovis Cornillac (Milou), Kad Merad (Jacky), Nora Arnezeder (Douce), Pierre Richard Monsieur TSFF), Maxence Perrin (Jojo) and Bernard-Pierre Donnadieu (Galapiat).
