Archive for: October, 2010

Football seer Paul the Octopus dies

Paul the Octopus

The psychic Paul the Octopus, who correctly predicted the outcomes of World Cup matches, died on Tuesday at the Sea Life aquarium in Oberhausen, Germany, spokesperson Ariane Vieregge announced. Paul, who was an instant celebrity during the football event, has reached two and a half years old, which is considered an old age for an […]

Billionaire gives $1 million for marijuana campaign

Cannabis plant

Billionaire businessman George Soros gave a $1 million donation on Tuesday to “Proposition 19”, a campaign to legalize cannabis in California that is up for voting in November 2. The campaign sponsor Drug Policy Alliance confirmed the contribution from the Hungarian-born Soros. Proposition 19, also referred officially as the “Regulate, Control and Tax Cannabis Act […]

Bedbugs scare away New York tourists

Hotel room

Bedbugs have spread from hotel rooms to popular spots in New York City, prompting tourists to rethink or downright cancel their bookings to spend the holidays in the Big Apple. Many visitors have expressed concern about sleeping in hotel bedrooms and visiting tourist attractions because of several reports of bedbug appearances. City officials are also […]

Fed investigates foreclosures

House

The U.S. Federal Reserve is currently investigating if mortgage firms circumvented existing regulations and their own practices regarding foreclosures, Fed Chairman Ben Bernanke confirmed on Monday. It will take until next month for the initial results of the probe to be available, Bernanke said during a housing conference in Virginia. “We are looking intensively at […]

“Paranormal Activity 2” rules box-office

Cinema

“Paranormal Activity 2”, released by Paramount Pictures, ruled the box-office this weekend raking in $41.5 million, the biggest opening for a horror movie for a three-day run. It beat last year’s “Friday the 13th” which earned $40.6 million, and the first film “Paranormal Activity” which earned an opening total of $21.1 million. Midnight showings on […]

Hermes heirs hold on to family business

Hermes shop

The heirs of the luxury goods brand Hermes announced on Sunday that they would be keeping their 70 percent share of the firm following plans of the luxury retail company LVMH to up its stake. “Today, the family holding is, with nearly three quarters of the stock, a large majority and perfectly united in pursuit […]

Bank of America admits foreclosure mess

Bank of America

Bank of America has now for the first time admitted that it committed errors in processing foreclosure documents as its starts resubmitting some 102,000 case files. It said mistakes were found in 10 out of 25 of the first batch of hundreds of foreclosure documents on Monday. Issues regarding erroneous entries, lack of signatures and […]

Schumacher penalized for blocking Barrichello in Korean Grand Prix qualifying

F1 race

Michael Schumacher was given a reprimand by officials after blocking former teammate Rubens Barrichello during the qualifying race on Saturday for the Korean Grand Prix. The seven-time champion was found guilty by race stewards of blocking his former Ferrari sidekick. Mercedes GP and Schumacher said that Barrichello of the Williams team was not on a […]

CDC: Diabetes cases on the rise

Insulinpump

The U.S. Centers for Disease Control and Prevention said on Friday that an unprecedented epidemic of diabetes cases will be seen in the United States unless unhealthy lifestyles are changed soon. One out of three adults in the country will be diagnosed with diabetes by the year 2050, the CDC reported. New cases will jump […]

G20 vows to avoid more currency tensions

Currency

Finance ministers of the Group of 20 (G20) meeting in South Korea yesterday agreed not to weaken their currencies to increase exports and to allow markets to dictate the foreign exchange. In a statement, the influential economic group said it will “move towards more market-determined exchange-rate systems that reflect underlying economic fundamentals and refrain from […]

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