November 28, 2008
World News - Massacre in Mumbai
The deadly attacks on India's financial capital of Mumbai early Thursday by a group of suspected Muslim militants left more than 100 people dead, according to reports. The massacre came without warning with hostages taken in luxury hotels. Unlike previous outbursts of violence, the terrorists targeted foreigners, especially Americans and Britons.
Indian commandos moved painstakingly, room-by-room, through two massive five-star luxury hotels in a bid to free dozens of people trapped by suspected Muslim militants. Frequent gunshots and explosions, and orange flames billowed from the prestigious Taj Mahal hotel.
The gunmen, armed with assault rifles, hand grenades and explosives, also attacked a popular restaurant, a crowded train station, a Jewish center and at least five other sites.
India is no stranger to deadly terrorist attacks, but this time, the massacre in Mumbai is one of the worst incidents ever to take place in this city. Ever since the mass bloodletting of Partition gave birth to the Indian state in 1947, the Indian government has often struggled to accommodate the demands of numerous religious and political sectarian movements that have waged a variety of low level campaigns against the Delhi government.
November 27, 2008
The Britney Brigade Will Not Leave Spears Alone
When you are a celeb like Britney Spears, wherever she goes, the paparazzis will follow. So Britney is off to Germany for a Euro gig. And as expected the Britney media circus was all over her as she arrives in Los Angeles airport for her flight.
Global Financial Crisis Dominates Apec
The global financial crisis remains at the forefront of the Asia Pacific Economic Cooperation summit in Lima. As the APEC meeting draws to a close 21 leaders from Pacific Rim economies backed free trade to help ease the economic crisis.
The leaders are meeting at a time when economies around the world are taking a slamming from the crisis. The group includes Russia, Indonesia, Australia, Canada, Mexico and the U.S. The member states account for more than half of global output.
The leaders are meeting at a time when economies around the world are taking a slamming from the crisis. The group includes Russia, Indonesia, Australia, Canada, Mexico and the U.S. The member states account for more than half of global output.
November 24, 2008
World Economy - Asia Facing the Global Financial Crisis
Earlier this year, most businessmen and investors hoped that Asia's emerging economies could withstand the economic and financial turmoil in the developed world.
Now, however, stock markets seem to be betting on a rerun of Asia's deep recession after its own crisis in 1997-98. Share prices in the region have plunged by an average of two-thirds (in dollar terms) from their peak in 2007 almost as much as they fell during the Asian financial crisis.
Is Asia really heading for such a painful economic slump?
Meanwhile, leaders from Asia-Pacific countries have pledged not to respond to the global financial crisis by raising trade barriers over the next year.
In a statement issued at an Apec summit in Peru, they said protectionism would only worsen a difficult situation.
US President George W Bush urged Apec countries, which account for half the world's economic activity, to rely on free markets to resolve the crisis.
The meeting is Mr Bush's last scheduled foreign trip as US president before Barack Obama takes over as the 44th U.S. president. The statement was issued at the half-way point of the Asia-Pacific Economic Cooperation (Apec) summit.
Now, however, stock markets seem to be betting on a rerun of Asia's deep recession after its own crisis in 1997-98. Share prices in the region have plunged by an average of two-thirds (in dollar terms) from their peak in 2007 almost as much as they fell during the Asian financial crisis.
Is Asia really heading for such a painful economic slump?
Meanwhile, leaders from Asia-Pacific countries have pledged not to respond to the global financial crisis by raising trade barriers over the next year.
In a statement issued at an Apec summit in Peru, they said protectionism would only worsen a difficult situation.
US President George W Bush urged Apec countries, which account for half the world's economic activity, to rely on free markets to resolve the crisis.
The meeting is Mr Bush's last scheduled foreign trip as US president before Barack Obama takes over as the 44th U.S. president. The statement was issued at the half-way point of the Asia-Pacific Economic Cooperation (Apec) summit.
November 6, 2008
Barack Obama In Historic, Landslide Victory
It's a historic, landslide victory for Democrat Senator Barack Obama who will become the 44th president of the United States of America.
Being the first African-American to be elected as a black president, Obama has turned into reality what many considered the politically impossible.
Civil rights icon Martin Luther King spoke of his dream for America on August 28, 1963. In 1964, the Civil Rights Act was passed.
On January 20, 2009, President-elect Obama will appear on the US Capitol to seal his historic triumph with just 35 words: the presidential oath of office.
Being the first African-American to be elected as a black president, Obama has turned into reality what many considered the politically impossible.
Civil rights icon Martin Luther King spoke of his dream for America on August 28, 1963. In 1964, the Civil Rights Act was passed.
On January 20, 2009, President-elect Obama will appear on the US Capitol to seal his historic triumph with just 35 words: the presidential oath of office.
November 4, 2008
Race to the White House: The Final Dash
Front-running Democrat Barack Obama, seeking to become the first African-American president, and Republican John McCain enter the final lap Tuesday in their race to the White House.
After an epic campaign, Democrats are targeting big gains in the Senate and House of Representatives, after eight turbulent years under President George W. Bush.
Senator Obama is the hot favorite with wide leads in national polls and the edge in a string of battleground states which could swing the election either way.
The US is facing its worst financial crisis since the 1930s and with American troops embroiled in wars in Iraq and Afghanistan, both Obama and McCain have pledged to restore the frayed self-confidence of the world's lone superpower.
After an epic campaign, Democrats are targeting big gains in the Senate and House of Representatives, after eight turbulent years under President George W. Bush.
Senator Obama is the hot favorite with wide leads in national polls and the edge in a string of battleground states which could swing the election either way.
The US is facing its worst financial crisis since the 1930s and with American troops embroiled in wars in Iraq and Afghanistan, both Obama and McCain have pledged to restore the frayed self-confidence of the world's lone superpower.
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