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Greek Civil Servants Strike Against Latest Austerity Measures

Public services shut down in Greece on Wednesday when thousands of civil servants walked off their jobs in a 24-hour strike against the government’s latest austerity measures.  Prime Minister George Papandreou announced plans this week to trim pensions and reduce salaries for 30,000 civil servants that would then ultimately be let go. Schools, multi-level governmental operations, and courts closed when members of the two major unions began the strike, and more than 400 flights from the Athens International Airport were cancelled.  Train and ferry services were stopped, and hospitals were reported to be running on emergency staff only. Greece has been reliant on international aid since accepting a $157 billion dollar bailout in May 2010 to stave off bankruptcy.  A second bailout worth $155 billion was approved in July. The European Union, the … Read entire article »

Filed under: general-news

Don Lapre Found Dead In Jail Cell Just Days Before Fraud Trial To Begin

The death of Don Lapre is being investigated after he was discovered dead in his jail cell in Florence, Arizona, on Sunday. Suicide is suspected, as he has tried to commit suicide at least once before. Lapre was due to attend his trial for fraud this week. Don Lapre, who was 47, dropped out of high school, and became involved in multilevel marketing. In the early to mid 1990s he ran infomercials, and in 1992 began broadcasting “The Making Money Show with Don Lapre”. His company sold products such as “The Greatest Vitamin in the World” as well as the “Making Money Package”, but his business plans were found not to work for many people, and there were many complaints. In June of this year, Lapre was charged with 41 counts of … Read entire article »

Filed under: marketing

Despite Shaky Sales, Hybrids Here To Stay

Toyota is expanding its hybrid Prius line to include both bigger and smaller models.  The new Prius V was designed for greater storage space in its larger rear hatch, and the soon-to-arrive Prius C will be a smaller version for city drivers.  There is a trend in the hybrid market towards providing more options for potential customers.  For instance, in 2009 there were 17 hybrid models on the market, and at the start of 2011 there were 30. But these expansions come in the hope of securing a larger market, rather than in response to an already present demand.  “When you look at sales, you have to say that hybrids have not been accepted,” said Scott Doggett, associate editor of Edmunds’ AutoObserver.com.  The hybrid market peaked in 2009 at 2.8% of … Read entire article »

Filed under: marketing

Man Charged In Terror Plot Against The U.S.

A man from Ashland, Massachusetts was arrested and charged on Wednesday, according to the U.S. Department of Justice, with planning attacks on the Pentagon and the U.S. Capitol. Rezwan Ferdaus, is 26 years old, and is a United States citizen who has reportedly been making plans to attack U.S. buildings using remote controlled aircraft which are large enough to contain C-4, or Composition C4 explosives. This is a common type of plastic explosive. There are other charges against him for attempting to provide resources and material to a foreign terrorist organization which has been named as al Qaeda. This was done so that attacks could be made on United States soldiers who are stationed overseas. The Federal Bureau of Investigation, FBI, has been monitoring the activity of Ferdaus for some time as … Read entire article »

Filed under: general-news

Doritos Marketing Director Plugs Continue Even When Dead

Last week, on 20 September, Arch West the man credited with inventing Doritos, the seasoned triangular tortilla chips, passed away at a Dallas hospital at the age of 97. According to his daughter, he had complications after surgery. A service to pay tribute to the marketing executive of Frito-Lay is to be held on 1 October, and at the same time, the family also plan to pay tribute to the tortilla chip too, by throwing them in before the dirt covers the remains of Mr. West – a tribute his family feel sure he will appreciate. It was back in 1961 when the West family were on vacation in California that Mr. West came across a shack which was selling fried tortilla chips. At this time West was a marketing vice president … Read entire article »

Filed under: marketing

Facebook To Help Small Businesses By Offering Information And Advertising Credits

In a joint project by Facebook, the United States Chamber of Commerce as well as the National Federation of Independent Business, NFIB, Facebook will be offering free seminars and webinars, along with case studies to small businesses throughout the United States, to help them increase their presence on the social networking site Facebook. They will also be giving out about 200,000 advertising credits to small businesses to help with their promotion on Facebook pages, beginning in January. This will be about $50 for each small business to use on ads in Facebook to promote their business or services. This new program which was announced on Monday will begin in October with Facebook officials and members of the other two business groups involved in the project, meeting with small businesses through their local … Read entire article »

Filed under: business

UBS Name Ermotti Interim CEO As Gruebel Quits Following $2.3 Billion Trading Loss

The Swiss Bank UBS announced on Saturday that Sergio Ermotti will act as the interim chief executive officer for the bank after the board accepted the resignation of Oswald Gruebel as CEO of UBS following the $2.3 billion trading loss announced the previous week. The president of UBS, Kaspar Villiger, said that the board were reluctant to accept Gruebel’s resignation, but they realize that it is his duty to assume the responsibility for the unauthorized trading. The board met in Singapore and are hoping to put measures in place which will prevent a similar offense happening in the future. Gruebel a German who is 67 had retired before he took on the job of CEO for UBS and led the bank through a difficult time, and back into profit during the two … Read entire article »

Filed under: business

Nyad Still Swimming Towards Florida From Cuba Despite Many Stings

Diana Nyad, the endurance swimmer, is currently on her third attempt to swim from Havana in Cuba to Florida, 103 miles, without using a shark cage, but the start of the race was challenging. She has got many Portuguese Man O’ War stings on both arms as well as her face and side, and she did complain of breathing problems, which resulted in her doctors giving her a steroid shot, as well as oxygen and other medication. The Portuguese Man o’ War is like a jelly fish. Nyad is 62 years old, and attempted the same swim two months ago, but had to retire due to bad problems with asthma, which she attributed to a new medication, and a sore shoulder after about 29 hours. When she was 28 she also … Read entire article »

Filed under: general-news

Pope Benedict XVI Visits Germany

In his third visit as Pope, Pope Benedict XVI is currently visiting his native homeland of Germany for four days, but the first time he has officially visited the capital, Berlin. During this time he will be visiting with Germany’s top Jewish leader, Dieter Graumann, along with other representatives of the Jewish population. However, controversy broke out, even before the Pope’s arrival. Due to speak to the German Parliament, the Bundestag, on Thursday afternoon, over 100 MPs made the decision not to attend, because of the highly controversial views which the Pope holds concerning birth control and homosexuals. Protestors gathered at Potsdamer Platz not far from where the Pope was due to give his speak, and amongst the group were many from the large Berlin gay community. The Pope’s visit will end … Read entire article »

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31st Annual Terry Fox Run – The First Without Betty Fox

On Sunday, thousands of people, young and old, around the world were involved in some way with the 31st annual Terry Fox Run, and it is amazing the way that Terry Fox and his family have impacted so many lives. The runs are held all over the world, and those unable to take part contribute in other ways with donations. It was April 1980 when Terry Fox began his Marathon of Hope to raise funds for cancer research after he had been diagnosed with osteogenic sarcoma, bone cancer, and had to have his right leg amputated above the knee. He ran 3,339 miles on his journey across Canada to raise money for cancer research, but unfortunately his cancer returned and he died in June 1981. However, his dream has never faded, as … Read entire article »

Filed under: general-news

UBS Trading Losses Higher Than Reported

On Sunday, the Swiss banking company UBS said in a statement that equity index futures in the last three months with trading fraud and false accounting has led to losses of $2.3 billion, not the estimate of $2 billion that was reported previously. It also stated that no client positions were affected by the discovery of the fraud, and it has now set up an independent committee to begin investigating the trades and the risk systems in place in the bank. On Friday, in a court in London, England, Kweku M. Adoboli who is 31, was charged with one count of fraud and two counts of false accounting, and these dated back to October, 2008. Mr. Adoboli was arrested on Thursday morning at 3:30 a.m. after the police had been called … Read entire article »

Filed under: business

Kara Kennedy Dies at Age 51

Patrick Kennedy, who is a former congressman from Rhode Island, has reported that his sister Kara Kennedy died on Friday16 September while she was at a health club in the Washington area. Kara Kennedy was 51, and was the oldest of three children of the late Senator Edward Kennedy who died in 2009 of a brain tumor at the age of 77. Kara had battled lung cancer and survived the ordeal after doctors removed a malignant tumor in 2003. She married Michael Allen, a professional sailor, in 1990 and the couple had a son Max born in 1996, and a daughter Grace born in 1994, both of whom are in their teenage years now. According to her brother Patrick, Kara’s cancer treatment had weakened her physically, and he added that “her … Read entire article »

Filed under: general-news

Helle Thorning-Schmidt Elected Denmark’s First Female Prime Minister

The leader of the Social Democrats, Helle Thorning-Schmidt, won her first general election on 15 September, to become the first female Prime Minister of Denmark, with the final tally of seats expected to be 92 for the Social Democrats, and 87 for the out going Prime Minister Lars Loekke Rasmussen’s group. this was a smaller lead than analysts had expected from the polls, who had predicted a nine seat lead. This very small majority could be an issue for Thorning-Schmidt. Ms. Helle Thorning-Schmidt, 44, is married to Stephen Kinnock, the son of the former UK Labour Party Leader Neil Kinnock, who lost in 1992 in the British election after leading in the polls. Stephen Kinnock has come under criticism in the past for paying taxes in Switzerland where he lives and … Read entire article »

Filed under: general-news

$2 Billion Fraud At UBS Leads To London Man’s Arrest

It was announced on Thursday with great surprise that UBS, a Swiss global financial services company which has its headquarters in Basel Zurich, Switzerland, has lost in the region of $2 billion because of unauthorized deals it has said were placed by a single trader. Kweku Adobli was arrested in London, but the news has stunned so many in the financial world. According to reports, UBS took on Maureen Miskovic, based in Zurich, as the chief risk officer at UBS at the beginning of 2011, someone with a good reputation who has shaken up the risk management at the bank, so it comes as even more of a shock that a rogue trader has been acting, supposedly alone, and has been able to use $2 billion in unauthorized deals. With investor confidence … Read entire article »

Filed under: business

Launch Of Missoni Crashes Target Website And Floods Its Stores

It was a Tuesday to remember when Target launched its Missoni fashion line yesterday, and the flood of visitors to the website caused it to crash while stores were flooded with customers hoping to benefit from some Italian fashion. In some places, customers lined up for a couple of hours to gain access to the Target store and the products sold fast. leaving very little left in the Missoni collection of fashion and home products. The website appears to be back online on Wednesday, and coping well with the new day of traffic. Target themselves were surprised by all the traffic, although they did expect that customers would be interested in the cheaper fashion that the Missoni line offers. Customers are way more cost conscious at present because of the economy and … Read entire article »

Filed under: business

Explosion At Nuclear Site In Southern France, But No Radiation Leaked

An explosion at a nuclear waste treatment plant in the south of France has killed one person and injured four others, but the company has reported that there has been no radiation leaked outside of the site. A spokeswoman for Electricite de France said that the Centraco plant which is near Marcoule said there were no chemical leaks or radioactive leaks. In news of the explosion, shares in EDF are reported to have slumped by over seven per cent in Paris. The nuclear plants in France, as in many other countries, are undergoing safety checks as a result of the nuclear disaster in Japan in March of this year, caused by an earthquake and tsunami, to discover whether France’s plants can withstand floods, earthquakes, as well as a loss of power, as … Read entire article »

Filed under: general-news

Missing 3 Year Old B.C. Boy Returned Home Safely

September 11th will have special memories for the Hebert family, since it was the day that Kienan Hebert was returned home safely between 3 a.m. and 3:15 a.m. into an empty house. His parents were staying with friends during the ordeal which began on Wednesday morning when they went to wake Kienan only to find that he wasn’t in his bed. Frantic searches began, with the police unsure whether Kienan had been sleepwalking, although he had never left the house before while sleep walking, or whether he had been abducted. By 6pm on Wednesday an Amber Alert was issued asking everyone to look out for Kienan and for Randall Hopley, who was a possible suspect. The alert was repeated over and over, in B. C. and spread to Alberta and the United … Read entire article »

Filed under: general-news