May 02, 2010 — Barack Obama, the US president, has promised "to do whatever it takes" to stop the oil slick that emanated from a damaged rig from devastating the country's gulf coast, which he called a "massive and potentially unprecedented disaster".
Obama made the comments after holding talks on the crisis with officials in Louisiana, one of the four states threatened by the slick.
The president also acknowledged that the spill could be disastrous for the fishing industry in the region, which has prime spawning waters for fish, shrimp and crabs.
Al Jazeera's Sebastian Walker reports from Venice in Louisiana, where the fishing industry has been hit hard by the disaster.
Sunday, May 2, 2010
Bomb Attack in a bank in Athens, no injuries
ATHENS - The situation in Greece is apparently getting worse by the hour ,
A bomb exploded this evening in a subsidiary of HSBC Bank in Athens. There is damage but no injuries,the police said.
The bomb, made of inflammable liquid exploded at the entrance of the bank in a residential district . Given the day off and time, the branch was closed. This type of fire bomb is usually used by anarchists.
A bomb exploded this evening in a subsidiary of HSBC Bank in Athens. There is damage but no injuries,the police said.
The bomb, made of inflammable liquid exploded at the entrance of the bank in a residential district . Given the day off and time, the branch was closed. This type of fire bomb is usually used by anarchists.
Failed Terrorist Attack in NYC
May 02, 2010 — Authorities are downplaying an Internet claim of Pakistani Taliban responsibility for the NYC car bomb incident. As Jim Axelrod reports, authorities call the bombing attempt "amateurish."
Belgium on the brink of secession?
Belgium could implode before Greece
while everybody is watching the dangerous situation in Greece few pay attention to Belgium , a country divided between two linguistic communities that have hard time living together, Since June 10, Belgium is without a government.while its national debt has reached 300 billion Euros ..
Belgium is facing its most acute crisis of identity since the beginning of its history. Its main components, the French and Flemish region, and the respective parties fail to agree 100 days after the election. Even the national symbol that have always glued the country that was so far the monarchy in the figure of King Albert II is not able to solve this crisis. According to the former prime minister Wilfried Martens, the euro was the main cause for this current impasse. Martens was prime minister for most of the 80s when the Belgian franc was the national currency and argues that the conflict between The Wallonie and the Flanders was also seen in those years, but the fact of having a national currency union was a defense against market speculation, and brought the two communities together.
According to a recent survey two thirds of Flemish think Belgium will not survive long as a state. The biggest problem is its capital Brussels. Which way is the center? Brussels is in fact a majority French-speaking enclave within Flanders. The Flemish in favor of secession could accept that Brussels becomes the administrative capital of Europe on the model of Washington DC, but both suggest that even if Wallonia in danger of fragmentation, components having French, Luxembourg and Germany within it.
Despite all these considerations, many Belgians (87% in a poll of 2005) do not want the country to be divided. Many argue that these are only the usual games of power and money and that a division of the country would be a detriment and impoverishment for all. Above is the worst example for the entire continent.
US oil spill explained
Al Jazeera looks at what engineers are facing in trying to stem the flow of oil.
Obama Arrives in Louisiana - Raw Video
President Barack Obama has arrived in Louisiana for a firsthand look at the environmental damage from the Gulf oil spill. (May 2)
More unrest feared as Greece agrees bailout deal
There are fears more unrest could be on the way in Greece after the debt-ridden country agreed a massive bailout deal with the EU and IMF.
Times Square Bomb Scare: Very Deadly Blast Averted
May 02, 2010 — Part of New York's Times Square has been sealed off - after police found bomb-making equipment in a car. The area was evacuated after the vehicle began emitting smoke. Officers have recovered gasoline, propane and wires connected to a timer. New York's mayor says the device could have been 'very deadly'.
Barack Obama playing the Joker at a dinner
US President Barack Obama is a joker
He's cracked a few gags at a dinner in front of celebs and high-profile politicians.
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MARC FABER NEWS
Moneycontrol.com | Dr. Doom? Marc Faber Sees Stock Buying Opportunity CNBC.com The dean of doom, Marc Faber, told CNBC on Tuesday that a variety of asset classes—including equities—may be worth buying for short-term gains. In the midst of market volatility on concerns over Federal Reserve tapering, he said, "Treasury bonds ... Marc Faber Marc Faber aka Dr. Doom: S&P 500 Index Could Fall 20% To 30% Easily Dr Doom warns stocks are oversold but S&P readies for another drop |
Marc Faber Forecasts 30% Stock Market Crash, Says Buy Gold The Market Oracle The Fed's 'tapering' comments have ramped up market volatilaty and Faber gives some advice for short and long-term strategies. For example: ""The best course of action is to actually not buy anything, but rather to reduce positions on a rebound," Faber ... |
Marc Faber: Bull in the short term, bear in the long term MarketWatch (blog) ... so perhaps it's best left to someone who has historically said “sell.” Marc Faber, author of the ”The Gloom, Boom & Doom Report,” and often called “Dr. Doom” because of his bearish sentiment, says there are buying opportunities — at least in the ... |
Business Insider | Marc Faber: Gold a possible canary in the deflation coalmine MarketWatch (blog) Here's what Marc Faber, editor of Gloom Boom Doom report told MarketWatch in an email. “Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high ... MARC FABER: The Way Things Are Going, Bernanke Will Have To Give Us 96 ... "Incredibly Bad Sentiment" Makes Gold & Bonds a Buy Says Marc Faber, as All ... “Sentiment on Gold and Bonds Incredibly Negative” – Marc Faber Predicts ... |
Marc Faber Sees Further Downside CNBC.com China's factory output weakened to a 9-month low today, and financials saw a huge sell-off today, with the FM traders; and The Gloom, Boom and Doom Report's Marc Faber, shares his economic outlook. There's plenty of room for the stock market to decline ... Marc Faber: More S&P downside, commodities 'horrible'…except gold |
Marc Faber says 'thanks' to Bernanke MarketWatch (blog) [An earlier version of this blog mistakenly attributed the comments to Marc Faber's blog. The original comments were made in an interview with Barron's on June 1. The comments were picked up Tuesday in a tracking blog that aggregates Faber's public ... |
Dr. Doom Marc Faber: Don't Bet on New Market Highs CNBC.com Faber said large cap stocks like McDonald's, Coca-Cola, Procter & Gamble and Wal-Mart "have most likely peaked." However, he thinks there are still stocks that show strength that could continue to appreciate "because all the money flows into fewer and ... |
Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ... Business Insider "People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles," says the investment advisor in a new interview published in this week's Barron's. But Faber is the first to admit that at least the ... |
Marc Faber notes liquidity squeeze depressing stocks but still buying gold Gold Seek Famously contrarian in his approach, Dr. Faber is usually out of step with Wall Street but has an excellent reputation for calling the major market turns. He does not say he is shorting equities, though he notes emerging market equities and currencies ... |
Cheerful Thoughts from Marc Faber BullionVault SWISS-BORN Marc Faber, who at age 24 earned his PhD. in economics magna cum laude from the University of Zurich, has lived in Hong Kong nearly 40 years. He worked in New York, Zurich and Hong Kong for White Weld & Co., an investment bank ... |