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US car firms begging for $25bn bailout : Dollar Drought to continue
The US auto industry giants are crying for bailout, and the sum they are asking for is $25 billion.Ths slowing demand and lack of availability of finance is making the sitution worse.The job market drouht is going to... Ailing European bank tied to B.C. hospital projects
More trouble ahead for B.C. infrastructure projects?"The Munich-based company reported on Nov. 12 a wider-than- estimated third-quarter loss of 3.1 billion euros ($3.9 billion) after a 2.5 billion-euro goodwill writedown for Depfa Bank Plc. The company sought a 50... Police Urge, Lock up your Home before you Evacuate
Some residents are leaving doors and windows open because they believe that it will help firefighters in case of fire. But such action, however, helps looters to gain access and can help fire to spread easily. Same... Bloomberg Sues The Fed For Disclosure
"Lost in the wake of Henry Paulson’s announcement Wednesday that Treasury is “changing direction” in how it doles out money in the bank rescue plan is a little-noticed lawsuit filed last Friday by Bloomberg LP, the business news wire service. It is suing the Federal... 56 views | 0 comments | 5 recommendations
Canada not giving up on F1 race yet
In an effort to confirm the ageless expression coined by famous NY Yankee baseball player and manager, Yogi Berra - "It ain't over 'till it's over", officials of the Canadian Grand Prix, the city of Montreal, and the... 137 views | 3 comments | 44 recommendations
Building collapses in Mumbai, 2 killed
A five storeyed old run down building collapsed early morning at Mumbai's Crawford market. Mumbai Fire Brigade and other rescue workers are searching for the survivors. 6 members of a family are trapped under the... Fighting in the Congo: Mountain Gorillas at risk
The fighting in the Congo has intensified in the last few days, but there are some victims of the conflict that are being forgotten: the Mountain Gorillas of the Virunga National Park. The park is home to 200... 'Child-witches' of Nigeria seek refuge
"The devil's children are "identified" by powerful religious leaders at extremist churches where Christianity and traditional beliefs have combined to produce a deep-rooted belief in, and fear of, witchcraft. The priests spread the message that child-witches bring...Curse of Corruption
"THE not-so-new rulers in Islamabad are at pains to stress that what they seek above all from the international community is investment, not simply assistance. While this sentiment is admirable on face value, it goes without saying that the begging bowl will be Pakistan’s...'Strikemaster II' helps reinforce home doors
CHARLOTTE, N.C. -- "I was actually home one day when one of my neighbors had their door kicked in and I came outside and stopped him," said Paige Long who was shaken by what happened. The startled thief got away, leaving Long worried."After the first break-in, I... Men installing doors rescue woman in NY home fire
BAY SHORE, N.Y. - A woman whose Long Island home caught fire has been rescued by two men who were installing doors at her apartment complex. Suffolk County police say 80-year-old Doris Foster suffered serious burns in the Monday morning fire. William Zelezny and Lou Cirota... 25 feared dead in Indonesian sand mine collapse
There is bad news coming from Indonesia. Twenty five workers working in a sand mine have been trapped and lost their life. The incident happened on Thursday afternoon after a sand mine collapsed in Indonesia. " Twenty five workers were feared dead after a sand...Global equity market sell off deepens
The growing economic woes accelerating around the world has forced economic activity weakening across the world and even European stock markets have plunged. London's FTSE 100 Index opened more than 5 per cent down, on top of a fall of more than 7 per cent...European stock markets surge more than 5 per cent
European stock markets rebound in early deals on Monday, with London, Frankfurt and Paris each up more than five per cent. Stocks also soared more than five per cent in Zurich and Amsterdam after European leaders agreed to inject billions of dollars of... Europe leaders agree on bank rescue plan
At long last, European leaders have come up with a coordinated EU response to the banking crisis. Or have they? The leaders of the 15 nations in the eurozone have announced a Europe-wide plan to deal with the crisis,... 96 views | 4 comments | 14 recommendations
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