Strong U.S. employment report brightens economic outlook

More than a million Turks gathered in Istanbul on Sunday for a rally called by President Tayyip Erdogan to denounce a failed coup - a show of strength staged in the face of Western criticism of widespread purges and detentions.

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-based cleric Fethullah Gulen, whose followers in the security forces, judiciary and civil service he accuses of orchestrating the attempted power grab and of plotting to overthrow the state. Erdogan has vowed to rid Turkey of the network of U.

Even Erdogan's opponents saw his continued leadership as preferable to a successful coup renewing the cycle of military interventions that dogged Turkey in the second half of the 20th century. The brutality of July 15, in which more than 230 people were killed as rogue soldiers commandeered fighter jets, helicopters and tanks, shocked a nation that last saw a violent military power grab in 1980.

Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with population growth. Last month's strong jobs growth should reinforce the Fed's confidence in a labor market that officials view as at or near full employment.

employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.

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"The July jobs report was everything you could have asked for and more. Provided the strength in jobs is confirmed with other economic data, the Fed will have sufficient reason to hike (rates) this year," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch in New York.

Tourists have been flocking to Krabi for many years, but this year they appear to be arriving in ever increasing numbers, keen to explore the breathtaking scenery and enjoy the exhilarating sporting and leisure activates on offer in this beautiful province. So what is the reason for this sudden influx of tourists to Krabi in 2011, particularly during such a challenging global economy �The sudden surge in tourist numbers is providing a welcome economic boost for the myriad of Krabi hotels and resorts, from budget backpacker hostels in Railay Beach to the luxury resorts in Ao Nang, who are all witnessing a huge growth in occupancy rates.

Amid the cooling of ties with the West, Erdogan is due to meet Russian President Vladimir Putin on Tuesday in St Petersburg for talks intended to end a period of tension after Turkey downed a Russian fighter jet near the Syrian border last November.

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It should also be noted down that, those hailing from the European Union should easily be able to own properties in their names, as compared to those from the non-EU countries. The permission to buy properties can be obtained from the chief administrative or judicial officer in the area of concern. These are, having a Greek bank account, being enrolled as a tax payer in Greece and getting a prior permission to buy properties in certain areas.

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