| Zimbabwe: Industry Needs U.S.$2 Billion to Recover From Price Blitz
ZIMBABWE'S battered industries need a staggering US$2 billion to recapitalise after last year's price blitz, a business leader said last week. Callisto Jokonya, Confederation of Zimbabwe Industries (CZI) president told Standardbusiness the massive injection, coupled with supportive policies, would provide a lasting solution to the crisis confronting industries. .
The Robert Rubin and Ben Bernanke Death Embrace
Robert Rubin: Dr. Chairman, it's your old friend Bob over at Citi. Bernanke: Oh Bob, what a pleasure. It's nice to hear from you again. What can I do for you? Rubin: Well Ben, we've got some problems over here. Now I trust you will be discrete on this. We can't let this get out in the market. I think we're insolvent. Bernanke: What? Rubin: See we have about $65 billion in capital, but we have $55 billion in Super Senior CDOs, and no one will buy them from us. Bernanke: No one? Rubin: We can't sell them for $1. I'm now being told that if no one wants to buy pieces of paper from you, it turns out they are worthless. Believe me. I'm as shocked as you are. Bernanke: But don't you have a lot of cash flow? That's what I've been hearing on CNBC.
Britain ‘seen as a soft touch’
First we're told immigrants took 30 per cent of the 2.7 million jobs created in the past decade. Then the official figure was increased to 40 per cent. Now it's 52 per cent – making Gordon Brown's promise of “British jobs for British workers" look pretty silly. It's all guesswork, and the Government has even less of a clue how many illegal immigrants there are. Of course it's right that we share the international burden of caring for genuine refugees fleeing persecution and death. But we're being exploited. Britain is seen around the world as a soft touch. We must remember that, as the grandmother I was talking to the other day pointed out, charity begins at home. .
New Exchange Traded Fund Tracks Domini 400 Social Index
Barclays Global Investors launches the iShares KLD 400 Social Index ETF. SocialFunds.com -- Last week, Barclays Global Investors (BGI) launched the iShares KLD 400 Social Index Fund (ticker: DSI), the first exchange traded fund (ETF) to track the Domini 400 Social Index. The index has long been considered the premier socially responsible investing (SRI) benchmark. However, for over a decade-and-a-half an exclusive licensing agreement allowed Domini Social Investments to be the only SRI firm to offer mutual funds that tracked the index. The recent vote by Domini Social Equity Fund (ticker: DSEFX) shareowners to shift from passive to active management has opened to door for others to manage funds based on the Domini 400 Social Index.
In related news, Green Century Equity Fund (GCEQX) shareowners voted to keep tracking the Domini 400 Social Index, making it now the only mutual fund to do so.
Hip-Hop Rumors: Did Wayne Really Get Boo'd? No New Girl For Scrappy!
All content within this section is pure rumor and generally have no factual info outside of what the streets have whispered in our ear. Read on. YESTERDAY'S RUMORS! Hip-Hop Rumors: Angel Lola Luv's Butt Confirmed Fake? Jim Jones and Max B Beefing? Diddy's American Idol? TODAY'S RUMORS! DID WAYNE GET BOOED OR NOT? In a recent report, by a newspaper they said that Lil' Wayne was forced to say sorry to the fine people of Richmond for a weird show that had him leaving early. Well, when he left, they reported that Weezy got booed. I am hearing that this wasn't the truth. Some people that were there told me that when Wayne left the stage, after that first half hearted, performance, the fans booed the DJ for playing music, kinda sending a message that the show was over.
Live - Premier League
1728: Another flashpoint as a couple of tasty Chelsea challenges leave Emmanuel Eboue and Cesc Fabregas on the floor. Kolo Toure sprints about 60 yards to get involved but Emmanuel Adebayor drags his team-mate back. Joe Cole sees yellow for the initial tackle on Eboue. 1727: Chelsea boss Avram Grant makes his first tactical change - and it's a positive one as defensive midfielder Claude Makelele is replaced by striker Claudio Pizarro. Meanwhile, William Gallas is left dazed after an accidental clash of heads. 1722: Jon Obi Mikel forces Arsenal keeper Manuel Alumnia into a sharp save to his right with an excellent left-footed drive. 1722: Shaun Wright-Phillips whips a dangerous ball across the face of goal but Andriy Shevchenko is the only man in the box and he can't get to it.
Ross Rennie handed his chance after freak accident rules out Barclay
F Thomson (Glasgow), G Kerr (Edinburgh), J Hamilton (Leicester), R Rennie (Edinburgh), C Cusiter (Perpignan), D Parks (Glasgow), N De Luca (Edinburgh). Italy ring changes Andrea Marcato stands in for David Bortolussi, the injured full back, in the Italy team to face Wales in Cardiff on Saturday. Marcato, normally a fly half, will add to his tally of four caps. Salvatore Perugini wins his 50th cap at prop in place of Andrea Lo Cicero. Simon Picone, the scrum half, has been rewarded for his solid performance against England and will start against Wales ahead of Pietro Travagli. A Marcato (Treviso); A Sgarbi (Treviso), G Canale (Clermont Auvergne), Mirco Bergamasco (Stade Français), E Galon (Overmach Parma); A Masi (Biarritz), S Picone (Treviso); S Perugini (Toulouse), L Ghiraldini (Calvisano), M Castrogiovanni (Leicester), S Dellape (Biarritz), C A Del Fava (Ulster), J Sole (Viadana), Mauro Bergamasco (Stade Français), S Parisse (Stade Français, captain).
Top-Shelf Digs At Libraries
And along Arch Street, a three-story wing provides another 23,000 square feet.
Certainly, the library is still rooted in books. It's home to the Hartford History Center, a conservatory of 50,000 volumes, many printed when Hartford was a publishing powerhouse. And a hefty portion of the 400,000 items in the library's collection are books.
But the new space isn't just rooms filled with static hardcovers. Everywhere there's activity signaling that the place is alive.
One of our first stops is the new children's wing, where something resembling a colorful sandbox is sprouting from the ground. It's an art project, Blalock explains, that kids created with a local artist to commemorate the "Day of the Dead," a Mexican holiday.
As we continue to the 28-computer "learning lab," I spot another colorful exhibition, this time by born-and-raised Hartford photographer Carla Ten Eyck.
London shares down midmorning; housebuilder weakness helps offset ...
LONDON, Feb. 11, 2008 (Thomson Financial delivered by Newstex) -- UK blue-chips slipped lower midmorning after comments from the G7 summit about the global economic outlook reignited investor fears, and with weakness among the housebuilders helping to offset strength in the commodities sectors. At 10.07 am, the FTSE 100 index was 15.7 points weaker at 5,768.3, albeit off the early morning low of 5,732.4, while the FTSE 250 slipped 36.7 points lower to 9,770.8. Volume was average, with 182.6 mln shares having changed hands in 56,929 deals. Over the weekend the Group of Seven (G7) finance chiefs conceded that global economic prospects have deteriorated since they last met in October and that they stand ready to take collective and individual action to boost prospects. 'The G7 comments are weighing on the market this morning,' one senior trader said.
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