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Inaugural 2008 Asian Beach Games in Bali, Indonesia promote sports & culture: 6000 athletes, 71 events, 19 sports
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About a month ago in Bali, Indonesia, the inaugural 2008 Asian Beach Games came to its conclusion. Intended to promote sports and culture, the games (held every two years) encourage tourism, support local economies and allow host countries like Indonesia to present a more global face to the world. The 2008 games brought 6,000 athletes to compete in 71 events in 19 sports. Sports included well-known games like beach volleyball and triathlon, and some sports better known to asians, like sepak takraw, kabaddi and pencak silat. The next Asian Beach Games are scheduled to be hosted by Oman in the year 2010.
Dragon Boats sit at the docks before the start of the Dragon Boat Races on day two of the 2008 Asian Beach Games at West Suwung on October 19, 2008 in Bali, Indonesia.
The Indonesian team in action against Myanmar during the men's beach sepaktakraw on day six of the Asian Beach Games at Sanur Beach on October 23, 2008 in Bali, Indonesia.
Balinese dancers perform during the Opening ceremony of the first Asian Beach Games at culture in park Garuda Wisnu Kencana in Bali, Indonesia, Saturday , Oct. 18, 2008.
Ignorance is Bliss. Value Investing: art of buying low and selling lower... Cartoon: Stock Market Roller Coaster
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CEO -- Chief Embezzlement Officer.
CFO -- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the
market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets
equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought
Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
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Portraits of wondrous Earth: ice storm glazed tree; poetic snowflakes; ice caverns; Giant's Causeway; geysers; sea unicorns
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Ice
The residue of an ice storm glazes a beech tree, pushing its branches to a near-breaking point. Ice storms are formed when two layers of cold air (one near the earth's surface, another far above) sandwich between them a tier of warm air. Precipitation from the top layer starts out as snow, but when it falls into the middle, warmer belt, it melts into rain. Then, on its way through the lowest belt, it undergoes a little-understood process known as "supercooling" which causes it to chill well below the freezing point of water, yet still remain liquid. When this unnaturally cold water hits the ground, it instantaneously freezes into a translucent glaze that takes on, in intricate detail, the shape of whatever it surrounds.
Clouds
Water is a shape shifter: familiar in its liquid and frozen forms, it is invisible in its third form, as a vapor, until it coalesces into clouds overhead or shrouds us in ghostly fog. One of nature's everyday wonders, clouds hide in plain sight until they are touched with the sun's glory at sunrise and sunset or pile up to form a lightning-generating, anvil-headed cumulonimbus thundercloud.
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History sees sharp turn: 1st time since WWII, German troops to station in France; France to withdraw from Germany
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German troops to be stationed in France
11.27.2008
German soldiers are set to be deployed on French soil for the first time since the end of World War II in 1945, the two countries decided this week. President Nicolas Sarkozy and German Chancellor Angela Merkel agreed on the deal during a meeting in Paris earlier this week, government spokesman Thomas Steg told a press conference on Wednesday in Berlin.
The two countries share a joint army brigade of some 5,000 soldiers - 2,800 of which are German. Until now, they have been stationed only in south west Germany. "Germany has agreed in principle to transfer members of the Franco-German Brigade to France, that includes German troops," Steg said, calling the move "highly symbolic and historically significant".
A handful of German officers are already based in Strasbourg, east France, directly engaged with the NATO mission Eurocorps. However, no German military unit has been stationed in the country since the end of hostilities in World War II.
Venice hit by biggest flood in 20 years, waters rising quickly to 1.56m/5ft. Famous St Mark's Square submerged
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The city of Venice has suffered its highest flooding in more than 20 years. Many of Venice's streets, including the famous St Mark's Square, were submerged, before the high waters began to retreat.
The lagoon city in the Adriatic suffers some level of flooding for about 200 days every year. The authorities are planning to complete the building of an underwater dam to protect the city by 2011.
Driven by strong winds, the sea level rose to 1.56m above normal on Monday, submerging nearly all of the city and forcing residents and tourists to wade through almost knee-high water, including St Mark's Square, officials said. It was the highest "acqua alta", or high water, since it reached 1.58m in 1986.
Bailout fever rescue economy or Market correct itself? How many trillions are enough? Who shouldn't be bailed out?
“Bailout” fever runs beyond the US, to affect Europe, to affect Asia… Market economy and private ownership - upon such economy systems democracy stands. The bailout tosses out dumb questions - don’t bailouts challenge the fundamentals of market economy? Impact on the ownership of the very top firms, the key performers in world’s major economies? Should market economy adjust itself or can it be rescued by bailouts? How many trillions would be enough in a global financial crisis? Who should not be bailed out?
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Has anyone bothered to ask: Why $700 billion? Why not $800 billion to bail out the economy? Or a trillion? Jeez, as long as the dam has burst, why not make it a cool $7 trillion?
Okay, $7 trillion it is, and if you think that's an exaggeration, you're wrong. In this year alone, we have committed an amount that is more than half of our entire annual gross national product to assorted bailouts and guarantees. No, that doesn't mean that we have diverted half our GNP for bailouts; it means that we have created half our gross national product virtually out of nothing.
Now it's official: US in recession since 2007, one of the longest downturns since the Great Depression of 1930's
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The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy.
The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures. The NBER said that the deterioration in the labor market throughout 2008 was one key reason why it decided to state that the recession began last year.
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