Stories for March 13th 2010

Saturday, March 13th 2010 - 02:55 UTC

Cuban political prisoners’ controversy backfires on Lula da Silva

The Brazilian president lost his magical ubiquity

One of the most influential Senators from Brazil’s ruling Workers Party remembered President Lula da Silva that world figures such as India’s Mahatma Ghandi and Martin Luther King appealed to hunger strikes as part of their peaceful struggle for the rights of their peoples.

Saturday, March 13th 2010 - 02:32 UTC

Lehman Brothers had been using “accounting gimmicks” for years

Court-appointed examiner Anton Valukas report is lapidary

Former bosses at Lehman Brothers have been accused of using an “accounting gimmick” to hide billions in losses which helped bring about its collapse. The technique, called “Repo 105”, was used to temporarily remove 50 billion US dollars of assets from the US investment bank's balance sheet in 2008, according to a one-year investigation.

Saturday, March 13th 2010 - 02:23 UTC

China calls on US not to make the Yuan de facto dollar peg “a political issue”

President Obama must decide by next month if China is labelled a “currency manipulator”

The United States should not make a political issue out of the Yuan, a Chinese central banker said as the long running friction between the world’s two leading economies approaches a critical deadline.

Saturday, March 13th 2010 - 01:56 UTC

Google will “pay the consequences” if it does not comply with China’s filtering

 Minister of Industry and Information Technology Li Yizhong

China's top internet official has warned that Google will “pay the consequences” if it continues to go against Chinese law. Google announced in January that it would no longer comply with China's internet censorship laws.

Saturday, March 13th 2010 - 01:04 UTC

US military have no evidence of Venezuela, FARC and ETA links

General Douglas Fraser, Commander of US Southern Command, Miami

The chief of the US military's Southern Command, General Douglas Fraser, said during a hearing before the US Senate that he had no evidence of links between Venezuela, the Revolutionary Armed Forces of Colombia (FARC), a Colombian guerrilla group and the Basque separatist group ETA.

Saturday, March 13th 2010 - 01:02 UTC

Falklands’ economy poised to expand 5.3% following a contraction in 2009

Asian jiggers waiting in Stanley to collect their squid licences

The Falkland Islands economy is expected to expand by 5.3% in real terms during 2010, following a period of contraction in 2009, which was caused primarily by a poor fish harvest rather than the immediate effects of the global recession, according to the Economic Briefing & Forecast released by the Falklands’ government.

Saturday, March 13th 2010 - 00:57 UTC

Colombia’s congressional election Sunday, a test for May’s presidential vote

Uribe’s former Defense minister Juan Manuel Santos is the front runner

Colombian congressional elections this weekend may signal how much backing former Defense Minister Juan Manuel Santos will have as he seeks to capitalize on the success of Alvaro Uribe’s “democratic security” politics to succeed him as president.

Saturday, March 13th 2010 - 00:55 UTC

To be a good journalist, first you must be a good Marxist, says Beijing

Hong Kong-based South China Morning Post broke the news

Chinese journalist must take tests on Marxist theory and the Chinese Communist Party is the last of Beijing’s drive to improve standards and ensure closer adherence to government media policies, reports said this week.

Saturday, March 13th 2010 - 00:45 UTC

China with 54 billionaires, only second to the US, says Forbes

 Indian industrialists Lakshmi Mittal  and Mukesh Ambani among the top five

India and China may still be considered developing countries, but that has not stopped them from producing some of the world's richest people.

Saturday, March 13th 2010 - 00:41 UTC

Norovirus again attacks “Vision of the Seas” cruise in Brazil

“Vision of the Seas” caters for the Brazilian market

Royal Caribbean’s cruise vessel “Vision of the Seas” which last week was struck with an outbreak of gastrointestinal illness has again suffered a similar bout while sailing along the Atlantic coast of South America, according to a Brazilian health officials.

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