Archive for March 26th, 2011

March 26, 2011

Geraldine Ferraro – a legend of US politics dies

[Vanessa Gerri, Politics Contributor]

BBC News: US Democratic politician Geraldine Ferraro died today at the age of 75. She died in a Massachusetts hospital following a long fight with cancer. Geraldine Ferraro had been the US’s first female vice-presidential candidate for a major political party.

Ms Ferraro’s family said:  “(she was popularly known as a) leader, a fighter for justice, and a tireless advocate for those without a voice…her courage and generosity of spirit throughout her life, waging battles big and small, public and personal, will never be forgotten and will be sorely missed”.

Mrs. Sarah Palin, the second woman to run as a vice-presidential candidate for a leading political party said: “May her example of hard work and dedication to America continue to inspire all women”.

March 26, 2011

Are social media sites another ‘dot.com’ bubble? Myspace ‘for sale’ as millions leave in weeks


BBC News: following events reminiscent of the late 90s dot.com bubble, Myspace seems to be in trouble as millions of its members have left it in a matter of weeks despite improvements to the once hugely popular social media site.

Analysts say that 10 million of the site’s members departed the site between January and February of this year leaving it with around 63 million users.  In February 2010, Myspace had more than 110 million users. Myspace is reputedly blaming the popularity of Facebook and similar sites for its decline.

Myspace had assisted in the springboarding of the careers of several popular artists including Arctic Monkeys, Kate Nash and Lily Allen. But sadly things seem to be going from bad to worse for it and it has recently announced that it is shedding 500 of its employees worldwide

In 2005, News Corp had bought the company for £330 million, but now analysts are saying News Corp will be lucky to get more than £50 million from a buyer.  The company is reported to be actively looking for a buyer.

Could this be the start of the social media ‘dot.com’ bubble?  Investors are watching developments with interest.

[Tim Jenks, Social Media Contributor]

March 26, 2011

Massive earthquakes hits Burma

[Natural Disasters Contributor]

BBC News reports that north-east Burma has been struck today (March 24th 2011) by two huge 7.0 magnitude earthquakes.

They earthquakes struck close to the country’s border with Thailand and Laos in seconds apart at around 1.30PM GMT and covered a radius of around 110 km in the vicinity of the Thai city of Chiang Rai.

They were felt in Bangkok and Hanoi.

BBC News Update 26 3 2011: Authorities report that more than 75 people were killed in the indicent and death toll is mounting.

Related Articles

March 26, 2011

Shocking video of boy being shot many times in the chest by cops

News.com AU: A boy was shot many times in the chest by five police officers who have now been detained for questioning.

A shocking YouTube video shows the 14-yr old boy being shot repeatedly by the officers.  The boy is in critical condition but is stable.

The policemen swooped on the boy in Manaus which is the capital of the northern state of Amazonas and the potentially lethal assault upon the child happened in August 2010 outside his house.

The incident only surfaced when the video was shown on TV stations last week. The boy’s family are in hiding fearing retaliations from the police.

[Crime Contributor]

March 26, 2011

400,000 Brits hit the streets to protest over European Union imposed austerity program

[photos source: MailOnline]

MailOnline: More than 400,000 people marched in London today in the country’s biggest mass demonstration since the Iraq war. They were protesting against the government’s public spending cuts which is part of an austerity program imposed by the European Union.

In the main, the demonstration was peaceful although some protestors threw paint at shops in Oxford Street and flares had been lit sparsely during an address by the Opposition Party‘s leader.

[More photos – source: MailOnline]

Civil Unrest Contributor]
March 26, 2011

Roma beauty contest promises gala event in Bucharest

Calgary Herald: Romania‘s Roma (gypsy) beauties are getting ready for Romania’s Miss Piranda 2011 contest which will take place on March 27 in Bucharest.

The event’s jury will judge the contestants in accordance with their ‘beauty’ ratings and belly-dancing skills. The show is expected to be a gala event with the country’s most popular modern Roma music bands and singers taking part.

[Roma Contributor]

March 26, 2011

International Times of Dominica – recruiting now

International Times of Dominica is looking for a Classified Ads. Manager. The position is based online and your duties will be to source local and international advertisements for the portal.  Remuneration is negotiable and the position starts immediately.

We are also looking for experienced moderators and features contributors – worldwide applications are welcome.

To apply, send us your CV and a covering letter.

March 26, 2011

Tokyo in danger as radioactive cesium found in the city’s water and food

[Japan Nuclear Disaster Contributor]

It would seem that, having restored its stricken nuclear plant’s power supply after a long and desperate battle, Japan could breathe a sigh of relief.

However, it is now obvious that the situation is far from resolved as the nuclear battle-field had left Fukushima boundaries a long  time ago and if nothing gets done quickly, all of Tokyo may become a radioactive quarantine zone.

That is because according to a recent report of  The Japan Times, radioactive iodine has been found in Tokyo water purification systems that far exceeds safe limits. In addition,  radioactive cesium contamination has also been found.  As a result, fruit and vegetables in Tokyo are now unsafe for eating as they mainly originate from the Fukushima prefecture and have been contaminated with radioactive dust emitting from the its nuclear plant melting reactors.

All the more, new dangers are coming out of the Fukushima plant. For example, on Wednesday all workers involved in repair work to the plant had to leave the site because of black smoke coming from it.

Representatives of the International Atomic Energy Agency have confirmed that radiation is still steaming out of the plant and the authorities are unclear as to where it is coming from.

This portends not only a disaster of unfolding and apocalyptic proportions for the Japanese people, but also one for its food industry. Already, Japanese food imports are being banned in some countries – Italy has done so already while the EU, the US and a number of Commonwealth countries have started to screen Japanese food imports  closely.

[Japan News Contributor]

March 26, 2011

European Union to underwrite project funding risks

European law firm Eversheds reports that in February 2011 the European Commission started an open discussions about supporting commercial projects of long-term returns in Member States, by sharing the risks with the major investors and insurance companies involved and thus help the hard-hit by the financial crisis investment market get back on track.

The initiative is planned to attract private funders as well, by developing a special cash-return system, whereby  investors’ claims will be satisfied before those of  shareholders.

The plan is attractive to both sides in investment events as: 1) investors will have more confidence in getting their money  back and their own credit ratings; 2) whilst applicants for funding will get more interest from funders as the EU will underwrite their project’s risks.

However, not all project funding applicants will be able to count on benefitting from the scheme as preference will be given to the best projects which will be mainly in the energy and contruction field. To qualify, the projects will need to present sound economic and technical footings together with advantageous long-term returns.

[EU and Financial News Contributor]