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Aug 15, 2011

LATEST World News, Aug 15, 2011


UQ into the world top 100
The Australian
Its 86 ranking also took it to third place among the Australian universities, eclipsing the University of Sydney, which dropped to fourth, with a world ranking of 96. “I pay tribute to the researchers who have thrust UQ into the top 90 of a global ...
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UAE's 2010 credit card spending up, British tourists top the list: Visa
CPI Financial
While the number of visitors dropped in the wake of the global economic downturn, figures have been increasing since. Overall, passenger traffic at Dubai InternationalAirport - the world's fourth busiest airport - rose 15 percent in 2010. ...
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CPI Financial
The secret behind the hit TV car show "Top Gear"
CBS News
There's nothing on television quite like "Top Gear." What began as a boring automotive program in the 1970s has morphed into a global driving adventure. In a recent episode, the hosts took three ofworld's highest performing cars on an expedition to ...
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On endless ice, searching for clues to our future
Seattle Post Intelligencer
Across Greenland's vast white landscape, small teams of researchers from around the world are searching for clues to the potential effects of global warming on Greenland's ice. Photo: Brennan Linsley / AP In this July 19, 2011 picture, the midnight sun ...
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Global firms eye Chinese art
China Daily
Credit Suisse, a major international bank, has been amassing a corporate collection of Swiss contemporary art since 1975. Some of the most influential corporate art collections in the world, notably Deutsche Bank, Microsoft, Progressive Insurance, ...
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South Korea confident it can beat financial storm
Indianapolis Star
"Korea's economy has great potential to weather this global storm," Choi Jong-ku, deputy finance minister for international affairs, told reporters in a display of unity with top officials from the central bank and the country's two financial ...
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World Bank chief Zoellick says markets in danger zone
BBC News
Speaking at the Asia Society's annual dinner in Sydney, he also said that the globaleconomy was going through a "multi-speed recovery". Developing countries were now the source of growth and opportunity, Mr Zoellick said. In the past two weeks, ...
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BBC News
Global Sources' fall electronics shows to feature over 3800 booths - up 15 ...
PR Newswire (press release)
This increase is the result of a strengthening global economy and an increasing demand for thelatest electronic gadgets and components." Attendance is likely to top this past spring's highly successful China Sourcing Fairs. Buyers at the spring show ...
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Watch out world, says Sarah Murdoch
Herald Sun
Picture: Richard Dobson Source: News Limited AUSTRALIA'S Next Top Model host Sarah Murdoch is banking on this year's winner to become the next global modelling sensation. As executive producer, Murdoch says she wants to take the Foxtel reality ...
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Controlling price rise top priority; corruption an obstacle: PM
Hindustan Times
But the problem of corruption is a big obstacle in such a transformation." Singh said while India had successfully handled the global financial crisis of 2008, the "road ahead is long and ardous...Theworld economy is slowing down. ...
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Inequality: Why so many feel left behind
CNN (blog)
In three latest World Values Surveys (conducted in early 1980s, 1990s, and 2000s), when given the choice between more freedom and more equality, respondents around the world increasingly selected the second in later surveys. Even when controlling for ...
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AMC Renews "Breaking Bad" - Network Orders 16 Episodes to Conclude Series
The Futon Critic
In addition to one of the industry's largest libraries of feature films and television shows, SPT boasts acurrent program slate that includes the top-rated daytime dramas and game shows, landmark off-network series, original animated series and ...
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Enhancing research and teaching to become world-class
Macau Daily Times
We expect that most of the major construction can finish sometime next year. MDTimes – Does UM want to keep the Macau campus for its own use after moving to Hengqin? WZ - That will be my wish but I don't think it can be fulfilled. The current plan is ...
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The Shape of the Global Economy Will Fundamentally Change - by Mohamed El-Erian
Foreign Policy
But together, they speak to major realignments that are fundamentally changing the character of theglobal economy and how it functions. Three things in particular have had a significant influence, and they will continue to shape the world we live in ...
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England know the hard work is staying at top
Irish Times
But as from now England are indisputably the number one ranked side in the world. “No doubt about it,” as Duncan Fletcher would say. England's former coach, the fellow who oversaw the beginning of the reformation that led to the top, is now the man who...
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Irish Times
Chemistry cuts will do 'irreparable' damage, top scientists warn
The Guardian
A spokesman for the EPSRC said it had to take a strategic approach with its limited funding, if the UK was to maintain its global research standing. He said funding for synthetic organic chemistry was being rebalanced after a spike in 2008-09. ...
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The Guardian
World opens up for income seekers
Fundweb
Its Global Income fund, managed by Jacob de Tusch-Lec, pays out roughly the same level of income as Adrian Frost's better-known Artemis Income fund. Since launch in July last year it has shot into the top quartile of the Global sector. ...
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Fundweb
International students bringing bucks to college campuses
Pittsburgh Tribune-Review
"From my perspective, you see how these economic issues are affecting people on an internationalbasis. In this current global economic situation, sometimes students can't even get their money out of the banks in their homes countries, so they can't ...
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Big day for the girls at the Airwalk Pro Junior Lacanau
Global Surf News
Surfersvillage Global Surf News, 14 August, 2011 : - - Lacanau -- It was an action-packed day at the ASP 2-Star Airwalk Lacanau Pro Junior with the no less than sixteen heats held in improving conditions and the high-tide sand bank allwing for another ...
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BlackRock tugs at the Allianz crown
Financial News
Allianz Global Investors has cemented its place as the largest asset manager in Europe, but below it, US rival BlackRock has launched an assault on the European top spot, with the largest money manager in the world exhibiting a rate of growth that far ...
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GOP rivals have different takes on Mormon faith
Boston Globe
His family's prominence in the church seemed to fill in any blanks; Huntsman's father, Jon Sr., is a regional church leader, and his late grandfather was a member of the Quorum of the Twelve Apostles, who serve as top global authorities under the ...
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Boston Globe
[Emerging difficulties]: Compelling reasons to increase engagement
Financial Times (blog)
In services and finance, emerging markets companies are further behind, but they are certainly in the race in terms of size if not global reach. For example, three of theworld's top ten banks in tier 1 capital terms are Chinese. ...
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Financial Times (blog)
Wanna Make The World Dance...
Jamaica Observer
With nine London Bar and Club Awards under its belt -- including 'Best Club' and 'Best Night' -- Boujis has developed a reputation for being the ultimate London night-life experience for its VIP members. Dance the night away to the latest in house, ...
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Everything Will Be Too Big to Fail - by John Seo
Foreign Policy
As the World Bank observed in its 2009 World Development Report, half the world's GDP is produced on 1.5 percent of its land surface. Humanity's global migration toward ever denser urban living has added trillions of dollars to the global GDP every ...
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High gains in prices and values
EastDay.com
Prices of residential properties surged 143 percent in the city between December 2005 and June 2011, trailing only Mumbai where home price skyrocketed 154 percent during the same period, according to the latest Savills World Class Cities Index, ...
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In the aftermath of the US downgrade
Deccan Herald
On this day when the global rating agency, Standard & Poor's lowered its credit rating for the US government debt one notch from AAA to AA+ with a negative outlook the financial markets in all over the world collapsed like nine pins. ...
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Deccan Herald
Emerging Markets Hedge Fund | Live Stock Trading News | Equities ...
By Shayne Heffernan
Managed Trading Account with Integrity and Stability. Eliminate concerns about Stock Market Downturn, Real Estate Downturn, Bernie Madoff's, Current Events and Diversify at the Same Time;. THE BEST OVERALL MANAGED ACCOUNT SOLUTION, ...
Live Stock Trading News | Equities,...
University World News - GLOBAL: Leadership education gets boost ...
"The global hub on capacity building is a clearing house between the UN and universities to exchange ideas and findings," Kim told University World News. Leadership and entrepreneurship education in developing countries is different from ... "Korea succeeded in transforming itself from amajor aid recipient to a donor country within a single generation. "The establishment and development of higher education and research institutions played key roles in the recent economic ...
University World News
Taming inflation is govt's top priority: PM | APN News
By admin
Emphasising that controlling inflation is the government's top priority; Prime Minister Manmohan Singh has said rising prices are as a result of global factors. ... The prices of petroleum products, foodgrains and edible oil have risen steeply in international markets in recent times,” Singh said in his Independence Day address to the nation on Monday. Inflation, particularly of food articles, has been persistently high for several months. Both general and food inflation ...
APN News
Recession risk unless oil prices fall further - Business News ...
"The last two times that energy as a share of global GDP neared ... the current level, the worldeconomy experienced severe crises: the double dip recession of the 1980s and the Great Recession of 2008," Merrill Lynch analysts led by ...
IBN Top Headlines
Soccer: Junior All Whites denied historic win – New Zealand Herald ...
By Drader
Soccer: Junior All Whites denied historic win – New Zealand Herald (Soccer News). Soccer: Junior All Whites denied historic win – New Zealand Herald as the Junior All Whites continue to emulate their senior colleagues who went through last ... With the 2014 FIFA World Cup qualification draw now set The only team from Oceania ranked in the top 100 of the SPI is New Zealand, which is 69th. SPI gives Honduras, the United States, Costa Rica and Jamaica each approximately a 20 ...
NEW ZEALAND National Soccer Team...
High gains in prices and values | China business news
By CBN
SHANGHAI ranks second among 10 global cities in the growth of residential property prices over the past five-and-a-half years while gains in capital values of luxury properties in the city are the sixth fastest in a group of key ... Prices of residential properties surged 143 percent in the city between December 2005 and June 2011, trailing only Mumbai where home price skyrocketed 154 percent during the same period, according to the latest Savills World Class Cities Index ...
China business news
Text of PM'S Independence Day Speech
Today the world recognizes our potential to be one of the major economic powers globally. But the problem of corruption is a big obstacle in such a transformation. In the last few months many instances of corruption have come to light. ... In recent years, we have established independent regulatory authorities in many areas. These authorities discharge many responsibilities which were earlier in the domain of the government itself. We have no legislation which would ...
Latest India News | National...
Updates on Libyan war/Stop NATO news: August 15, 2011 « Stop NATO
By richardrozoff
Updates on Libyan war/Stop NATO news: August 15, 2011. August 15, 2011 richardrozoff Leave a comment Go to comments. ==== Gaddafi Calls On Libyans To Take Up Arms Against NATO. Libyan War: U.S. Global Hawk Drone “Reaches Critical Milestone” ... Speaking about the recent popular uprisings in the region during the past few months, President Ahmadinejad said that these developments display that people in the region are afflicted with major problems. “The entire world is not ...
Stop NATO
Sobering news. « BobWaldrop.net
By webkeeper
Sobering news. This weekend brought sobering news. The first is the occasion of the issuance of the 2nd quarter 2011 report by 72 year old Jeremy Grantham, who sits on top of $100 billion in managed assets as the head of the asset management fund GMO . ... Assuming a 2 percent annual increase in phosphorus consumption, Grantham believes the rest of the world's reserves won't last more than 50 years, so he expects “gamesmanship” from the phosphate-rich. ...
BobWaldrop.net
Japan on cusp of recovery after Q2; yen clouds outlook (Reuters ...
By Editor - Business News
Written on August 14, 2011 by Editor - Business News. TOKYO (Reuters) – Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and ... Analysts expect the world's third-largest economy to rebound in July-September, probably expanding at the fastest rate among majorindustrialized nations as exports and factory output return to pre-disaster levels. ...
Rocket News
The State News :: Dean of College of Ed. steps down
By Beau Hayhoe
During her almost 18 years of service to the college, the school's elementary education and secondary education graduate programs were ranked top in the country for 17 consecutive years by U.S. News and World Report, ... Originally a faculty member at the University of Maryland and faculty member and chair of the University of Illinois at Urbana-Champaign Department of Educational Psychology, Ames brought in about 70 percent of the college's current faculty. ...
State News State News Top Stories
Ian Somerhalder Making Documentary About Eco-Scientist Who Hopes ...
Ian Somerhalder Making Documentary About Eco-Scientist Who Hopes To Reverse Global Warming. August 14th, 2011 5:30pm EDT post comment Post a comment favorite Add to My News. Ian Somerhalder The Vampire Diaries star Ian Somerhalder is stepping behind the ... The former Lost star met eco-boffin Allan Savory during a recent trip to Zimbabwe and he was so impressed with the scientist's plans to aid the world's environmental problems, he has decided to champion him on film....
Starpulse Entertainment News

GREECE News, Aug 15, 2011


Why Is France Now in the Crosshairs?
Action Forex
Although the 7 percent of GDP deficit that the French government incurred in 2010 is significantly lower than the red ink racked up in Greece - last year the Greek government had a deficit that exceeded 10 percent of GDP - it is high enough to keep the ...
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Dutch Say Better to Remove Greece From Euro Than Extend Loans, Poll Shows
Bloomberg
Lawmakers responsible for finance are cutting their vacations short to question Prime Minister Mark Rutte and Finance Minister Jan Kees de Jager on the size of the Dutch contribution to a secondGreek bailout package on Aug. 16. ...
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Terms of Spectrum Auction in Greece Rankle Operators
New York Times
By KEVIN J. O'BRIEN BERLIN — This November, the Greek government hopes to raise as much as €300 million by auctioning some of the best parts of its broadcast spectrum to three mobile network operators. Proceeds from the sale would help Greece weather ...
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Germany baulks at euro rescue, insists on rules
The Associated Press
The media were flooded with stories of Greek tax-dodging and corruption. "Germans are a very disciplined people, this characteristic has also made us masters of export in the global economy," said Peter Walschburger, a professor at Berlin's Free ...
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The Associated Press
DAVID MARSH: Financial crisis
Business Day
The Byzantine complexity of the latest deal for a new €109bn Greek bail-out underlines the difficulty of reaching compromises that can satisfy a wide range of players with contradictory requirements. The accord does not go far enough to reduce the debt ...
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Report advises FYRMacedonia to quickly resolve name dispute
EMportal
The placing of a statue of Alexander the Great in the central square in Skopje, Fyrom in June drew strong reaction from the Greek Foreign ministry. A report by the Brussels-based non-governmental organisation "International Crisis Group" on the ...
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Soros: Greece, Portugal Must Leave Eurozone
Novinite.com
Soros was especially critical on the Greek bailout rescue plan. "It was so bad that the best that can be done now is a phased leaving of Greece from the zone," said Soros, adding that Portugal should do the same. In the past, Soros has already claimed ...
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Novinite.com
Tara Reid in shock Greek wedding
Musicrooms.net
Tara is currently vacationing in Greece with now-husband Michael, and told fans married life is agreeing with her so far. "Just got married in greece I love being a wife (sic)," wrote the star. It was only a few hours before that she had shared her ...
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Art scene thrives on idyllic Greek island
The Seattle Times
The contrast could not have been lost on the 300 or so art-world habitués who had gathered on the small island of Hydra in Greece on an early summer night. The artists Brice Marden and Maurizio Cattelan were there; so was the actress Chloë Sevigny, ...
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Greece will celebrate the Feast of the August full moon
cottages-for-holidays.com
Now the festival has acquired greater scope and significance, and it is the only day of the year, when the people of Greece and tourists can quite easily (and with rare exception for free) visit historical museums and archaeological sites at night. ...
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cottages-for-holidays.com
Turkey postpones pursuit of Greek debt in good will gesture
Today's Zaman
Energy Minister Taner Yıldız stated that Turkey was not going to exercise its right to arbitration and will postpone recovery of the Greek debt until Greece gains financial stability, according to a reportin the Vatan newspaper on Sunday. ...
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'There Will Be No Rescue at Any Price'
Spiegel Online
That made it possible for us to improve the terms of Greek loans. Greece is able to handle its debt burden, provided the government implements all the measures that were agreed upon. Greece needs to become economically productive. ...
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To the Germans
Kathimerini
And though we are in the same boat, we hear more and more often that many Germans – from top policy makers to media moralists and opinion polls – would like to see Greece sink, like Plato's Atlantis. The European Union, the greatest achievement of ...
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Forex - EUR/USD, USD Index Flows: BGA Boerner urges Eurobonds at Merkel ...
FXstreet.com
I think that the Greek problem has been sufficiently mishandled by the European authorities that this may well be the best solution. Europe, the euro and the financial system could survive Greece leaving. It could survive Portugal leaving. ...
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FXstreet.com
London riots reduce lies of left to ashes
Asia Times Online
Thus, Chinese buying Greek debt is as much a calculation on the part of the former as it is of the latter that a failure to repay to the Chinese will have unhappy consequences in other areas. The most telling aspect of the current crisis management (or ...
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Stock Market Experiences Come To Jesus Moment
The Market Oracle
Yeah, it makes sense to me! And yes, there is more bad news today. The Greek GDP for Q2 has come in at minus 6.9%. With the economy contracting sharply, where will Greece find the extra money to pay for their latest bailout package from the ECB? ...
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Uncertainty grips markets in a week of ups and downs
nebusiness.co.uk
As concerns over Greek debt recede following bail-outs and agreement on austerity measures, attention is now focused on Italy and Spain. To try to calm investors, the European Central Bank has started to buy Italian and Spanish debt, which they hope ...
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Sicily: One holiday at three different prices
Mirror.co.uk
"It's true - Libya is our neighbour, and Tunisia is closer than Greece. "Even in autumn the sea is warm enough for swimming! Now come - have you ever seen lemon pickers at work?" It was with some reluctance, after watching deeply-tanned workers ...
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Jorge Castañeda On Mexico's Eternal Mañana
VDARE.com
Their goal was for America to give vast sums to Mexico for its economic development, just as Germany had subsidized Greece to bring the Greeks up to Europe Union standards (at least in theory). "That's what Fox essentially wants, the type of resource ...
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Enlargement Hurdles
Transitions Online
At the 1999 summit in Helsinki, the EU decided that it would not grant membership to Cyprus until a solution has been found to the division of the island between Greek and Turkish zones. The EU is likely to push desperately for a reconciliation in ...
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Greek taxi strikers give tourists free ride - Yahoo! News
Read 'Greek taxi strikers give tourists free ride' on Yahoo! News. ATHENS ( Reuters) - StrikingGreek taxi drivers tried to placate angry tourists Tuesday, ...
news.yahoo.com/greek-taxi-strikers-tourists-free-ride-094048...

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 15, 2011


Forty Years of Paper Money
Wall Street Journal
The world economy is caught in a deepening financial crisis caused by excessive levels of debt, severe asset price bubbles and overextended banks—all imbalances that are the direct consequence of four decades of unprecedented fiat money creation, ...
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Washington sets out to slay America's debt monster
Telegraph.co.uk
Financial markets have spent the last year twitching, and often doing considerably more, in reaction to the successive efforts of European leaders to solve the region's debt crisis. But with last week's downgrade, and a Presidential election ...
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The Ugly Future Is Speeding Toward Us
Seeking Alpha
People blithely take for granted how efficient (fast-moving and inter-linked) all financial markets have become in the last 20-30 years. Markets surging up/down 5% in a day will become quite normal. Mediocre investment returns (a few% per annum) will ...
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US Bonds Converging With Japan in Biggest Rally Since 2008
BusinessWeek
That promises to bolster demand for Treasuries as the government sells bonds to finance a budget deficit that Congress forecasts will exceed $1 trillion for a third straight year. Global financialstrains, government fiscal austerity and a lack of jobs ...
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