Dollar Funding Climbs Toward 11-Month High on Credit Concern

The interest rate banks pay for three-month dollar loans rose toward an 11-month high in Asia on speculation investors are holding onto the greenback to guard against a repeat of the 2008 credit-market crisis....
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[Source: BusinessWeek.com -- ]

AIG Says Will Adhere to Original AIA Transaction Terms

American International Group Inc. said it will adhere to the original terms of its previously announced agreement with Prudential Plc for AIA Group Limited....
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[Source: BusinessWeek.com -- ]

Pummeled Stocks for Brave, Contrarian Investors: John Dorfman

The rude market of the past month has knocked many stocks down to attractive levels. Investors who are brave -- and have a time horizon of one year or longer -- can find worthwhile bargains among them....
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[Source: BusinessWeek.com -- ]

Trichet Says ECB ‘Fiercely Independent,’ Stable Prices Mandate

European Central Bank President Jean- Claude Trichet said the ECB is fiercely independent and took the decision to purchase bonds without any government influence....
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[Source: BusinessWeek.com -- ]

Chief Obama, Seeing Smoke, Didn’t Buy Fire Truck: Kevin Hassett

While fault for the oil spill in the Gulf of Mexico clearly belongs to private entities, chief among them BP Plc and Transocean Ltd., responsibility for the resulting damage is shared by an incompetent government. More than one presidential administration deserves blame, but the lion�"s share goes to President Barack Obama�"s....
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[Source: BusinessWeek.com -- ]

Prudential’s Thiam Faces Pressure From Investors, U.S. Treasury

Prudential Plc�"s Tidjane Thiam, who has staked his career on the $35.5 billion purchase of American International Group Inc.�"s main Asia unit, faces pressure from investors on both sides of the transaction as he negotiates to salvage the takeover....
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[Source: BusinessWeek.com -- ]

Malaysia May Sell $1 Billion in Debt by Sept. 30, Official Says

Malaysia plans to raise about $1 billion from a sale of conventional bonds by Sept. 30, after drawing bids for more than five times the amount of Islamic debt it offered last week, a finance ministry official said....
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[Source: BusinessWeek.com -- ]

Pigs in Geneva! - Swine Flu petition delivery gets global coverage

Thank you for participating in the Swine Flu campaign!

We stopped traffic in Geneva on May 27th as we descended on the World Health Organization (WHO) with a herd of cardboard pigs to deliver our petition! The 225 cardboard pigs represented the 225,000 Avaaz members that had signed the petition.

We certainly got our message across -- our campaign delivery went out around the world on ABC news, EFE TV, the Wall Street Journal, France 24, Kuwait News Agency, and Intellasia - as well as many other major news outlets.

When we handed over our petition, it became apparent how important our campaigning was and how valid our concerns were. Initially, the World Health Organization's Food Safety and Zoonoses director, Dr. Jørgen Schlundt, told us that the WHO and the FAO had not found a definitive link between the H1N1 virus and a factory farm and that the source was still under investigation. But he then admitted:
1) scientists have seen more disease breeding and mutating between animals and humans with the massive increase in industrial meat production;
2) he agreed that certain company's farming practices (Smithfields in this case)Read More...
[Source: English Blog]

Relief in Haiti - Avaaz Report Back

Avaaz reports back on the relief actions in Haiti. With donations from over 19,000 Avaaz members adding up to over $1.3 million, Avaaz and its members have helped local organizations with the means to provide food, shelter, and medical care, saving thousands of lives.The effort doesn't end there - with a global campaign to relieve some of Haiti's debt signed by hundreds of thousands of members, we helped secure a commitment to over $1 billion in debt relief at the Summit of Finance Ministers in February 2010!...
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[Source: English Blog]

Middle East Peace - The Real Story

March 25, 2010:This Avaaz.org video, directed by Anthony Lappe, award-winning investigative journalist and documentary-producer, and Executive Editor of Guerrilla News Network, discusses the potentially confusing reasons behind the ongoing conflict in the Middle East.War wages on between Israel and Palestine, despite 63% and 61% of Israelis and Palestinians respectively agreeing on life as two separate states and two separate peoples. While President Obama urges to end the violence by creating two states, extremists both in the Middle East and the United States of America are fighting against this chance to bring peace to a conflict-ridden area....
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[Source: English Blog]

Second British Airways strike begins

A second five-day strike by British Airways cabin crew members started Sunday after talks between the union and the airline failed.

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[Source: CNN.com - Travel]

Luxembourg Foots a Big Piece of the Greek Tab

Its per-capita contributions to the bailout dwarf Germany's...
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[Source: BusinessWeek.com -- ]

BP Cited ‘Well Control Situation’ Six Weeks Before Blowout

Company told regulators six weeks before its well in the Gulf of Mexico exploded that workers were having trouble maintaining control, according to e-mails...
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[Source: BusinessWeek.com -- ]

Close Gitmo, End Torture

Inspired by sustained support for an end to torture from the world community and a clear majority of Americans, Avaaz.org launched a metro billboard ad campaign to remind policymakers that torture is illegal, unethical and a top recruiting tool for the terrorist leader Osama bin Laden and his Al Qaeda network. The ads (which are running at Farragut North Station and in a Washington Paper) feature Osama bin Laden in an "I love Gitmo" t-shirt (an acknowledgement that Al Qaeda uses the prison to recruit terrorists) and include quotes from President Obama and Presidential candidate John McCain.Click here to download the press release Thanks go to the thousands of Avaaz members who donated to fund this campaign. Our global voices are vital if we are to see Guantanamo Bay closed, a total ban on torture, and the establishment of a Commission of Inquiry into past practices. If you would like to make a further donation for this ongoing campaign - click here.Some of the media achieved from the campaign is listed below: Times of MaltaAgence France PressYahoo EspanaMiddle East Online...
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[Source: English Blog]

BP Prepared for Spill 10 Times Gulf Disaster, Permit Plans Say

BP Plc said in permit applications for drilling in the Gulf of Mexico that it was prepared to handle an oil spill more than ten times larger than the one now spewing crude into the waters off the southern United States....
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[Source: BusinessWeek.com -- ]

Czech Deficit Cutters Plan Coalition, Boost Koruna (Update3)

Czech parties who promised to cut spending moved toward forming a coalition in a second day of talks as they seek to form a government with the biggest majority in almost 20 years. Their surprise election win boosted the koruna and bonds on expectations a yearlong political stalemate will end....
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[Source: BusinessWeek.com -- ]

Japanese Youth Go Green, Call For Japan To "Save Copenhagen"

It's a huge part of Copenhagen, the financing of the $200 billion fund for climate change adaptation. We cannot get a deal unless richer nations -- also referred to as Annex 1 in legal-speak -- put money on the table to help developing nations grow cleanly and vulnerable countries adapt to the climate impacts already under-way. Countries like the US have made short term financing suggestions but nothing in-line with what is really needed. It's a game of poker, with each country making a bet, and slowly increasing the pot. Now it's Japanese turn, and the new Prime Minister, Hatoyama, has indicated he may be willing to significantly raise the stakes. The Japanese youth delegation know the potential that exists for Japan to be a climate leader on finance. They realize Japan has the opportunity to be a leader in unlocking the additional financing caught up in political posturing and rhetoric. To crank up this message the youth delegation joined the Avaaz aliens to take demands directly to Japan's delegation; demands that humans can't seem to muster up the courage to ask. Hiroyuki Hori and Jouju Vechi from Tokyo, and Yaicha Bookhout of Missoula suited up and went green to hunt down the Japanese representatives. They were determined to deliver the Japanese youth statement to Japan's negotiatorsWord spread to the Japan's offices as the aliens wondered the hallways calling for Japan to take up a climate leadership role in Copenhagen. The aliens were essentially asking Japan to Read More...
[Source: English Blog]

Advanced vacation rentals: 9 tips

Renting a reliable vacation home isn't easy. And not just because there are a seemingly endless number of rental resources to turn to. Here are some of the biggest challenges of finding a rental to suit your needs.

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[Source: CNN.com - Travel]

Yen Trades Near Lowest in More Than a Week on Political Turmoil

The yen traded near its weakest level in more than a week against the dollar as gains in stocks spurred demand for higher-yielding assets and after Japan�"s Social Democratic Party left a three-way coalition government....
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[Source: BusinessWeek.com -- ]

Copenhagen - The World In Action!

On December 12, 2009, over 3000 vigils were held on all corners of the world. Including a vigil led by Desmond Tutu, leader of The Elders, humanitarian, and Nobel Peace Prize winner, at the COP15 conference's own Bella Centre, these vigils were organized to send one message to our leaders - the world wants a real climate deal.With the potential to make a real difference in the way governments deal with climate change, people all over the world cry out for leaders to make a binding climate treaty to help prevent the aggravation of climate-driven global problems, from the sinking of Tuvalu, wars in Kenya fought over water scarcity, to flooding in the USA - and innumerable other climatic disasters that are sure to affect the entire world.The only way we can save our world is together, and our leaders must play a part!...
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[Source: English Blog]

A Rebound for Japan's Carmakers

Toyota and Nissan lead the way as companies increase production in response to healthier demand in Asia and the U.S....
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[Source: BusinessWeek.com -- ]

Ford to Fix 236,643 Vehicles in Biggest China Recall (Update1)

Ford Motor Co. offered to fix 236,643 Focus cars in China because of ignition problems, the automaker�"s largest recall in the country....
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[Source: BusinessWeek.com -- ]

BASF Appoints Bock to Replace Hambrecht as Chief Next Year

BASF SE appointed Kurt Bock to succeed Juergen Hambrecht as the company�"s chief executive officer, effective after the annual meeting on May 6, 2011....
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[Source: BusinessWeek.com -- ]

Fujitsu Aims for $1 Billion in Supercomputer Sales (Update1)

Fujitsu Ltd., Japan�"s biggest computer-services provider, aims to boost supercomputer sales to $1 billion in five years to challenge Hewlett-Packard Co. and International Business Machines Corp....
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[Source: BusinessWeek.com -- ]

BP Reverts to Containing Oil Spill After Plugging Effort Fails

BP Plc began outlining its plan to contain oil leaking from its Gulf of Mexico oil well after the company and U.S. government officials abandoned a three-day effort to plug the hole....
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[Source: BusinessWeek.com -- ]

Trichet Says Emerging Nations Are Source of Strength (Update1)

European Central Bank President Jean- Claude Trichet said emerging nations have weathered the global recession better than advanced countries....
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[Source: BusinessWeek.com -- ]

Agatha Weakens Over Central America; Storm Leaves 99 Dead

Agatha, the first tropical storm of the Eastern Pacific hurricane season, weakened to a tropical depression over the mountains of Guatemala after killing at least 99 people in Guatemala, El Salvador and Honduras....
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[Source: BusinessWeek.com -- ]

‘Shrek Forever After’ Is Top Movie for 2nd Straight Weekend

�SShrek Forever After,⬝ from DreamWorks Animation SKG Inc. and Viacom Inc.�"s Paramount Pictures, was the No. 1 movie in the U.S. and Canada for a second straight weekend with $43.3 million in sales....
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[Source: BusinessWeek.com -- ]

Australia May Hold Rate at 4.5% as Increases Start to ’Bite’

Australia�"s central bank may keep its benchmark interest rate unchanged this week after the most aggressive round of increases in the Group of 20 restrained retail sales and slashed mortgage lending by a quarter....
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[Source: BusinessWeek.com -- ]

Rio’s Chief Says Mining Tax Puts Half Its Balance Sheet at Risk

Rio Tinto Group, the world�"s third- largest mining company, said as much as half its balance sheet is threatened by Australia�"s plan to boost taxes on resources producers....
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[Source: BusinessWeek.com -- ]

U.K. Coalition Seeks to Limit Damage After First Resignation

Leaders of the U.K.�"s three-week-old coalition government sought to limit political damage from their first crisis and preserve their deficit-cutting plans after Chief Secretary to the Treasury David Laws resigned over revelations about his parliamentary expenses....
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[Source: BusinessWeek.com -- ]

Colin Powell Says Sanctions Won’t End Iran’s Nuclear Program

Former Secretary of State Colin Powell said that proposed stricter United Nations sanctions won�"t bring an end to Iran�"s nuclear program....
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[Source: BusinessWeek.com -- ]

Qatar Shares Advance on Optimism Drop Overdone; Orascom Soars

Qatar stocks rose, leading Gulf Arab markets higher, on speculation this month�"s decline may have been overdone as economic growth picks up and global markets rallied as concerns over Europe�"s debt crisis eased....
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[Source: BusinessWeek.com -- ]

BP Begins New Well-Capping Strategy After ‘Top Kill’ Failure

BP Plc began working on a new plan to cap a leaking oil well in the Gulf of Mexico after a three-day effort to stop the flow with a blast of pressurized fluids was unsuccessful....
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[Source: BusinessWeek.com -- ]

AIG Tries to Save AIA Deal; Thiam Seeks to Cut Price (Update1)

American International Group Inc., the bailed-out insurer, remains in negotiations to salvage the sale of its main Asia unit after Prudential Plc requested a lower price to win shareholders�" approval....
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[Source: BusinessWeek.com -- ]

British Airways Crew Resume Strike After Talks Fail (Update1)

British Airways Plc cabin crew resumed their strike following the failure of talks over pay and staffing levels, grounding flights for as many as 22,000 people today during one of the U.K.�"s busiest weekends for air travel....
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[Source: BusinessWeek.com -- ]

Colombia Votes for President to Build on Uribe Legacy (Update1)

Colombians started voting today in the first round of a presidential election that�"s too close to call as the frontrunners seek to build on Alvaro Uribe�"s success boosting investment and beating back drug-funded rebels....
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[Source: BusinessWeek.com -- ]

Colombians Vote for New President to Build on Uribe’s Legacy

Colombians vote today in the first round of a presidential election that�"s too close to call as the frontrunners seek to build on Alvaro Uribe�"s success boosting investment and beating back drug-funded rebels....
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[Source: BusinessWeek.com -- ]

China’s Wen Says Defusing Korea Tension ‘Urgent Task’ (Update3)

Chinese Premier Wen Jiabao warned against letting the sinking of a South Korean warship lead to conflict in the region, giving no sign of joining other nations in blaming North Korea for the event in which 46 sailors died....
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[Source: BusinessWeek.com -- ]

Orascom Telecom Rises as It Nears End of MTN Talks (Update1)

Orascom Telecom Holding SAE, the biggest mobile phone operator in the Middle East by users, surged the most in four months as the company neared the completion of talks to sell assets to MTN Group Ltd....
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[Source: BusinessWeek.com -- ]

South Korea Presses for Permanent Central-Bank Currency Swaps

South Korea proposed a permanent arrangement for central banks to swap foreign currencies to help address the type of funding shortages that emerged during the global financial crisis....
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[Source: BusinessWeek.com -- ]

Transocean Request to Cap Liability ‘Unconscionable,’ U.S. Says

Transocean Ltd.�"s request that its liability in connection with what may be the largest oil spill in U.S. history be limited to $26.7 million is �Ssimply unconscionable,⬝ the Justice Department said....
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[Source: BusinessWeek.com -- ]

BP Abandons ‘Top Kill’ Plan

BP Plc said it will switch to a new strategy to cap a leaking oil well in the Gulf of Mexico because a three-day effort to stop the flow with a blast of pressurized fluids was unsuccessful....
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[Source: BusinessWeek.com -- ]

Israel Will Not Take Part in ‘Flawed’ NPT Resolution (Update1)

Israel called �Sdeeply flawed⬝ and �Shypocritical⬝ a United Nations resolution ratified by 181 countries that calls for a 2012 conference on a nuclear-free Mideast, and said it would not take part in the talks....
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[Source: BusinessWeek.com -- ]

China, South Korea to Deepen Ties Amid North Tension (Update1)

China agreed to deepen ties with South Korea and Japan at an annual summit overshadowed by accusations that its ally North Korea sank one of the South�"s warships. The North rejected the charges as �Ssheer fabrication⬝ to justify a �Sa war of aggression against it.⬝...
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[Source: BusinessWeek.com -- ]

Hungary’s Orban Assumes Power, Sets Sights on Growth (Update1)

Viktor Orban returned to power as Hungary�"s prime minister after eight years in opposition, pledging to accelerate economic growth in the first European Union member to obtain a bailout in the credit crisis....
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[Source: BusinessWeek.com -- ]

John Sexton's Global Campus Plans for NYU

Never mind the Ivy League. Sexton, president of New York University, is set to open a new campus in Abu Dhabi, expand aggressively at home, and turn his school into a global franchise. Next stop: China...
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[Source: BusinessWeek.com -- ]

3 destinations for summer deals

1. Dublin

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[Source: CNN.com - Travel]

Hamptons beach tops best beaches list

A sandy stretch in the tony Hamptons topped 2010's best beaches list, compiled each year by a coastal scholar known as Dr. Beach.

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[Source: CNN.com - Travel]

Why Wal-Mart Wants to Take the Driver's Seat

The retail giant wants to grab control of deliveries from manufacturers. Suppliers' shipping costs "more than likely will be passed on to other retailers"...
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[Source: BusinessWeek.com -- ]

London Luxury-Home Prices Gain on Demand From Russian Buyers

London luxury-home prices climbed in May for the seventh straight month as the pound�"s weakness attracted buyers from abroad, Knight Frank LLP said....
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[Source: BusinessWeek.com -- ]

Adriana Lima is pure MILF

Victoria�s Secret model is still amazing

VIEW
[Source: FHM Girls]

NTSB: Urgent warning on jet engines

The failure of General Electric engines on four jet aircraft overseas during the past two years has prompted the National Transportation Safety Board to issue an "urgent" recommendation to increase inspections of the engines on U.S. aircraft.

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[Source: CNN.com - Travel]

Gulf fights for tourists in wake of spill

The water is clear, the sand is sugar-white and the beaches are as inviting as ever along most of the Gulf Coast, but images from the BP oil spill have prompted many tourists to bolt to other destinations this Memorial Day weekend.

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[Source: CNN.com - Travel]

Mercedes-Benz + Eurocopter = luxuricopter

For the days when traffic is heavy and the CL600 in the garage isn't quite going to cut it, Mercedes-Benz has partnered with Eurocopter to deliver that luxury car touch to your helicopter.

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[Source: CNN.com - Travel]