Morgan Stanley bailed out by Beijing after $9bn write-off

More bad news for the economy and the banking sector as the slide continues."Morgan Stanley yesterday became the latest bank to announce a bailout from a foreign government as the Wall Street firm reported the first quarterly loss in its 73-year history after taking...

Morgan Stanley Asia chairman says US heading to recession

"In an interview with Sky News in Australia, Roach said the US Federal Reserve Bank would "most assuredly" cut interest rates again soon to boost the economy, following last week's 25 basis points reduction. "The US is going into recession," he told AFP. "They (the Federal...

Banderas would like to be a woman...just for a day

"Hollywood heartthrob Antonio Banderas would like to be a woman, for a day anyway, to better understand the "fairer" sex.At a press conference in the Bulgarian capital Sofia, where he and Morgan Freeman are...

Visa Inc. files registration statement with SEC for proposed IPO

"J.P. Morgan Securities Inc., Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC Securities (USA) Inc., Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are acting as joint bookrunners with respect to the offering. A copy of the...

Visa Inc. Files Registration Statement with SEC for Proposed Initial Public O...

"J.P. Morgan Securities Inc., Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC Securities (USA) Inc., Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are acting as joint bookrunners with respect to the offering. A copy of the...

Unsung runners chasing Glory at 2008 Olympic Team Men's Marathon Trials

Another inspiring example of human potential to pursue and achieve desired goals. "ROCHESTER, Mich. — When Mike Morgan was in high school in Lincoln, Neb., he wanted to be part of a sports team. But, as...

Schwarzenegger says marijuana not a drug

If you've never watched Pumping Iron you should.  It gives a brilliant window into the mind of the man who is now running California."LONDON - California Gov. Arnold Schwarzenegger says marijuana is not a...

Foreign students in Britain to be schooled in queuing

"Southern Vectis, which operates buses on the Isle of Wight, off England's south coast, said it was to contact local language schools following several complaints about the behaviour of young students over the summer months. "On the Isle of Wight we get lots of foreign...

Large Majority Of Australians Think The Media Is "Often Biased"

A Roy Morgan research poll has revealed that Australians don't trust even their most trusted media sources. Does anyone wonder why this story failed to make national headlines in the media this week?

Labour Calls Halt To NHS Changes

"First Minister Rhodri Morgan has said he intends to call a temporary halt to changes to Welsh hospital services. It follows objections to Labour's proposals for health "reconfiguration," a big issue in the assembly election. But campaigners at Llandudno Hospital, which would...

The Iron Hand: Mass Arrests in Zimbabwe

Harare talks about mediation. The African Union talks about "fact-finding missions". Meanwhile, when those opposed to Robert Mugabe talk about a new direction for Zimbabwe, they get arrested."Police in Zimbabwe...

Morgan Makes Promise to 'listen'

"Rhodri Morgan said he would listen to the people of Wales as he was nominated as the Welsh assembly's first minister. Mr Morgan, who will lead a minority Labour government, said: "I am not the boss - the people...

Zimbabwe OKs Mbeki's Mediation (But Not Intervention)

As elections draw closer, Zimbabwe's embattled government has allowed South African President Thabo Mbeki to "mediate" between Mugabe's ruling party and the main opposition group, Movement for Democratic Change....

Pan African Parliament Plans Zimbabwe Mission

Perhaps the electricity shutoffs were the last straw. Still, this is just a fact-finding mission, which may not have any teeth."In an unprecedented poll by show of hands, the Pan African Parliament (PAP) voted overwhelming on Friday to send a fact-finding mission to...

Ending Mugabe's Threats

Zimbabwean opposition leader Morgan Tsavangiri regards President Robert Mugabe as a threat, and with good reason. Mugabe's thugs gave him a merciless beating which resulted in a fractured skull and a beside news conference that brought Zimbabwe to the world's front pages. ...
 

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