World Shares Fall On Credit Fears
Global stock markets have been under pressure for a second day amid fears that problems in the US mortgage market will prompt a worldwide credit crunch. Billions of dollars, pounds and euros were wiped off share values, hitting businesses and individual investors.
China Plans To Survey 'Every Inch' Of Moon
China plans to survey all of the moon's surface before eventually bringing bits of the planet back to Earth, state media reported Friday. "We would like to survey every inch of the moon's surface," Ouyang Ziyuan, chief scientist of the China's moon exploration project, was quoted as saying on the website of Chinese News Service.
China Threatens 'Nuclear Option'
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Dow -387, Nasdaq -56, S&P 500 -44
NEW YORK (AP) -- Wall Street plunged again Thursday after a French bank said it was freezing three funds that invested in U.S. subprime mortgages because it was unable to properly value their assets. The Dow Jones industrials extended its series of triple-digit swings, this time falling more than 380 points.
TSX -280
U.S. credit worries crunched stock markets Thursday, yanking the TSX and Dow into losses of more than 200 points.
The Worldwide Network of US Military Bases
The Worldwide control of humanity's economic, social and political activities is under the helm of US corporate and military power. Underlying this process are various schemes of direct and indirect military intervention. These US sponsored strategies ultmately consist in a process of global subordination.
Canada Joins Rush To Claim The Arctic
Canada raised the stakes in the battle to claim ownership of the Arctic by sending Stephen Harper, prime minister, on a three-day trek to the region, just days after the Russians planted a flag on the seabed at the North Pole.The US, Norway and Denmark are also competing alongside Russia and Canada to secure rights to the natural resources of the Arctic. The Northwest Passage, which is the main focus of the dispute, has become a sought-after territory thanks to global warming, which has begun to melt the ice in these waters, exposing a potentially vast haul of natural resources.
Endeavour Carries Teacher Into Space
HOUSTON (AP) - After Endeavour launched into the clear blue sky and reached orbit with teacher-astronaut Barbara Morgan aboard, Mission Control announced that class was in session. Morgan, zooming with the other crew members toward the international space station, was finally fulfilling the space program's quest to send an educator into space - a dream that could have died in 1986 with the Challenger explosion that killed teacher Christa McAuliffe and six astronauts.
Arctic Sovereignty An 'Important Issue
Russia's recent claims to vast swaths of the resource-rich Arctic highlight the need for Canada to defend its sovereignty in the region, Prime Minister Stephen Harper said Thursday. While saying he doesn't know exactly what to make of Russia's latest move -- placing a Russian flag on the sea floor beneath the North Pole -- he said it shows Canada can't be complacent about the North.
TSX Drops 248 Points On Credit Fears
North American markets surrendered to another down week as investors capped trading on fears that disappointing U.S. employment numbers and worries over the credit market could signal a downtrend in the economy.Toronto's S&P/TSX composite index ended yesterday down 248.38 points to 13,565.24 ahead of Monday's civic holiday in most of Canada.
Dow Jones Drops 284 Points
NEW YORK (Reuters) - Stocks ended sharply lower on Friday, with the Nasdaq and the Standard & Poor's 500 index having their worst one-day percentage drops since the February 27 sell-off, on mounting worries about mortgage losses.
Iraq War Costs US and UK
The war in Iraq is costing British and American taxpayers more than £2,000 a second. The combined bill for the two countries was revealed yesterday as the conflict claimed the lives of a British soldier - our 164th military victim - and four U.S. troops.
