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U.N. Have Divided Opinions Regarding Palestinian Status

U.N. have divided opinions regarding Palestinian status

A U.N. vote took place this Thursday to determine the status change of Palestine from an entity to a nonmember observer state. The vote was overwhelmingly in favor of the status change even though some cracks appeared in what seemed a common approach to the Palestine-Israel Problem by the Western States. The U.S. views that […]

Korean Civil Rocket Launch Called Off, Again

Korean Civil Rocket Launch Called Off, Again

Last Thursday, South Korea canceled the launch of its first space rocket after an anomaly in the propulsion system stopped the countdown just minutes before the scheduled lift-off. It was South Korea’s third attempt to put a rocket into orbit and the second time this particular mission has failed. October’s scheduled launch was also called off due […]

Mexican Beauty Queen Killed In Shoot Out

Mexican Beauty Queen Killed In Shoot Out

A 20-year-old state beauty queen died in a gun battle between soldiers and the alleged gang of drug traffickers she was traveling with in a scene befitting the hit movie “Miss Bala,” or “Miss Bullet,” about Mexico’s not uncommon ties between narcos and beautiful pageant contestants. The body of Maria Susana Flores Gamez was found Saturday lying near an assault […]

Ritholtz: HP Is “the Epitome of a Value Trap” After “Embarrassing Debacle”

Ritholtz: HP Is “the Epitome of a Value Trap” After “Embarrassing Debacle”

Hewlett-Packard (HPQ) shares fell over of about 12% to a 10-year low Tuesday after the company announced a shocking $8.8 billion write-down and dismal quarterly results. HP acquired London’s Autonomy for $11 billion in a bid to move deeper into software and services in 2011. HP now says it was duped, citing “serious accounting improprieties” […]

Bangladeshis Protest After Fire That Killed 112 Lives

Bangladeshis protest after fire that killed 112 Lives

On Monday, thousands of Bangladeshi workers blocked the streets of a Dhaka community, throwing stones at factories and smashing vehicles, as they demanded justice for 112 people killed in a garment-factory fire that highlighted unsafe conditions in an industry rushing to produce for major retailers around the world. After the protest erupted in Savar, the […]

European Banks demand One Year Delay For Basel III Rules

European Banks Insisted For A Year Delay For Basel III Rules

European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after U.S. regulators delayed application of the new requirements. The new rules, known as Basel III, are the world’s regulatory response to the 2007-09 financial crisis and would force banks to triple the […]

California Mushroom Poisoning Claims Third Victim

California Mushroom Poisoning Claims Third Victim

In a California senior care facility, a third person has died from eating poisonous mushrooms where a caretaker found in the backyard and used it to make soup, authorities said Wednesday. On Saturday, the 90-year-old man died as told by the state Department of Social Services spokesman Oscar Ramirez to the Associated Press. The Placer […]

Pakistani Shi’ites Receive Death Threat Via Text Messages

Pakistani Shi'ites Receive Death Threat Via Text Messages

Pakistani Shi’ites, besieged in three explosions which killed 16 people on Wednesday, are now receiving death threat text messages on cellphones ahead of a key event in their religious calendar that has been dirtied by violence in the past. “Kill, Kill, Shi’ites,” say the text warnings to members of the minority sect. Hardline Sunni militant […]

The Big City Slowly Recovering After Superstorm Sandy

The Big City, Slowly Recovering After The Devastating Sandy

Few had thought it would take quite so long to fully restore and recover the dimmed lights of the famed skyline of New York City’s Financial District. When Sandy hit, Water Street was more water than street. Nearly three weeks later, many of the flooded office towers that line the street as it skirts the East […]

Economic Fluctuation Turns US and Japan Into Two Ugly Stepsisters

Economic Fluctuation Turns US and Japan Into Two Ugly Stepsisters

As the economy is fluctuating every now and then, two countries have been suffering from surging debt, a rapidly falling currency, a sclerotic political system, and a central bank pulling out all the stops to revive a stagnant economy – Japan or the United States. This week, the similarities between two of the world’s economic […]

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