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International
Deadly Earthquake hits Italy
Submitted by Carlo S on Mon, 05/21/2012 - 09:56
A deadly earthquake struck Italy on Sunday morning.
In a report by the BBC, the magnitude 6.0 quake hit the Emilia Romagna region in the northeast. The epicentre was thirty-five kilometres north of Bologna. It was followed by an aftershock measuring 5.1
Seven people have died and fifty people have been injured. The quake also damaged numerous historical buildings in the region.
Sunday's earthquake was the worst to hit Italy since a 2009 tremor killed 300 people in Central Italy.
Flickr Photo by: Downing Street
Facebook sets share price
Submitted by Carlo S on Fri, 05/18/2012 - 08:26
Facebook has announced their share price ahead of Friday’s opening of the stock market.
According to the BBC, the social networking giant has valued their shares at thirty-eight dollars per share.
Facebook have 421 shares ready to be sold when trading opens on the Friday session of the New York Stock Exchange. With their per-share price the company is valued at one-hundred billion dollars.
They will begin trading for the very first time on Friday and the demand is high. Facebook expects to sell 25 percent more shares than planned as a result of the demand.
The company has 900 million users worldwide.
Flickr Photo by: Franco Bouly
Millions of euros are withdrawn from Greek banks
Submitted by Tara Brockwell on Wed, 05/16/2012 - 00:44
The Athens Stock Exchange plunged to a twenty-two year low Tuesday.
According to the CBC depositors removed 700 million euros from Greece’s banks amid the country’s latest political stalemate. Talks to form a governing coalition have failed following the inclusive results of last week’s election. Greeks are expected to go back to the polls mid June.
The Conservative PASOK party and left wing SYRIZA party are said to be running neck and neck. PASOK wants to adhere to strict austerity measures while SYRIZA wants to scrap or renegotiate the entire bailout.
Depositors are thought to be moving their savings elsewhere fearing a devalued currency if Greece leaves the Eurozone.
Flickr photo by: EnvironmentBlog
Talks break down again
Submitted by Carlo S on Mon, 05/14/2012 - 11:42
Talks to form a governing coalition in Greece have failed once again.
CBC News reports that the inability to form a unity government one week after indecisive national elections has brought Greece closer to new elections and its presence in the euro-zone in serious doubt.
Talks are expected to continue on Monday evening with the heads of the three parties, however, the mmeeting is in serious doubt after the head of the radical left wing party said he would not attend.
The Syriza party have claimed that they cannot join a government that will continue implenting Greece's international bailout.
The other parties have confirmed that Syriza must be included in any power-sharing deal.
Flickr Photo by: Samuel T
Yahoo replaces CEO amid resume controversy
Submitted by Aisha S on Mon, 05/14/2012 - 02:48
Yahoo has replaced its CEO after only four months on the job due to an embellished resume.
CBC reports that Scott Thompson is being replaced by Yahoo’s global head of media, Ross Levinsohn.
At issue were Thompson’s academic credentials.
Thompson’s biography states that he has an accounting degree and a computer science degree from Stonehill College near Boston.Yahoo admitted that he only has an accounting degree.
The former eBay executive was brought in to revive the company struggling to remain relevant on the web.
Yahoo has formed a special committee to examine how Thompson’s inaccurate biographical information passed the screening process.
Panel approves HIV prevention drug
Submitted by Carlo S on Fri, 05/11/2012 - 07:50
In a report by the BBC, a US drug panel recommends the FDA to approve the drug Truvada. The pill would be used by people at high risk of contracting the HIV virus.
The panel voted nineteen to three in favour of prescribing the drug to high risk patients.
Certain health workers and groups active in HIV community are opposed to the drug and want the FDA to reject it, however, correspondents say that this drug could help a big deal in the fight against HIV.
The FDA will make its decision by June 15.
Flickr Photo by: Pranjal Mahna
Greeks elect change
Submitted by Carlo S on Mon, 05/07/2012 - 09:27
Weary voters have punished the incumbent Greek Coalition Party in an election which has plunged Greece into political instability.
Voters who are tired of pro-austerity measures have voted in a new party. According to the BBC, the New Democracy Party won the election with 18.9 percent of the vote. A radical left party Syriza came in second followed by Pasok and Independent Greeks.
The two main parties in this election, the New Democracy and Pasok attracted only a third of the vote.
New Democracy leader Antonis Samaras will meet with the president to try and form a united government and keep the debt-riddled country in the euro-zone.
Flickr Photo by: AthenaKorka
80 years in jail recommended for Taylor
Submitted by Carlo S on Fri, 05/04/2012 - 08:17
Charles Taylor could be going to jail for a very long time.
CNN reported on Thursday that the prosecutor in the case recommends 80 years in prison for the former Liberian President.
Taylor was arrested last month for aiding and abetting war crimes in Sierra Leone’s civil war. He is accused of financing and giving orders to the rebels in the war that left 50,000 dead or missing.
A three-judge panel delivered a unanimous ruling that Taylor is guilty on all 11 charges of indictment against him.
Taylor would serve any sentence in a British prison.
Flickr Photo (UN rules following Civil War in Sierra Leone) by: Travlr
Possible defence missiles on rooftops during London Games
Submitted by Carlo S on Mon, 04/30/2012 - 10:07
The upcoming Summer Olympic Games in London could have an extra accessory on rooftops.
The Globe and Mail reported on Sunday, that surface-to-air missiles could be positioned on the rooftops of apartment buildings in East London located just 3 kilometres from London's Olympic Stadium.
Information leaflets were distributed to the 700 residents who reside in this complex. They were advised that 10 troops and the weapons would be based there for about 2 months. Britain has confirmed that these missiles do not pose any hazards to residents.
This is just one idea of Britain vast security operation being planned for the Olympic Games this coming August. 13 500 troops along with security and police forces have committed to patrols on land, sea and air during the Games.
Flickr photo: LH_Wong
Secret Service in the centre of another controversy
Submitted by Carlo S on Fri, 04/27/2012 - 10:28
A new scandal has once again rocked the Secret Service
A report on an alleged scandal similar to the one that occurred in Cartagena, Colombia surfaced on Thursday.
CNN affiliate KIRO in Seattle, reports that a contractor formerly with the Secret Service stated that the acts were committed in March 2011 in El Salvador before President Obama arrived for a diplomatic visit. He said that a dozen or so agents went to strip clubs in the capitial San Salvador and paid heavily for drinks and sexual favours.
A U.S. government official admitted the agents' mistakes, however defended the government's internal review process on the situation. The investigation into the Cartagena scandal in ongoing.
Flickr Photo by: Kat Gloor
