A bridge collapsed in Peru’s Ayacucho province, claiming the lives of two teachers and seven school children. Around 53 people were reported to be injured. The reason of collapse seems to be the poor maintenance of the 100-metre long bridge. All the victims have fallen from around 80 metres height. Further to the worry of people, officials report that many of the country’s bridges are in such a state. Efforts to rescue were delayed due the poor weather conditions prevailing there. President of the government’s council of ministers has requested each government, municipality and central government to prepare detailed reports of all bridges.
In order to immobilize the pirates, the United States is thinking about several strategies as the consequences of the high-seas prisoner tragedy. It has added navy gun ships along the Somali coastline and has also initiated an operation to halt pirate mother ships. The president Barack Obama dedicated the United States to “halt the rise of piracy” after a day of his unswerving order to the military force ending in a victory. The president has also said that United States would continue to fight back against the rise of piracy and the ones who are committed to it will be held guilty for their offences.
A king air plane was safely landed by a passenger after the death of the pilot. Doug white and family was flying from Marco Island to their home in a twin engine plane. The pilot Joe Cabuk a retired jet pilot suddenly made a rough sound saying that he needed some help and wanted to talk to an king air pilot. He also mentioned that all of them were in deep trouble. It was then when even autopilot failed White who had a pilot’s license, took the responsibility to land the plane safely with the help of the air traffic controllers. All were safe, except the pilot.
There’s always a sort of bad link between the two American nations, it really reached its Low point during the bush administration with Bush even facing protest rallies against his arrival. But this time the ever dependable president Barrack Obama is once again expected in good will. People expect a huge change in the Latin – American relationships during the Summit of the Americas, where 34 heads of state will meet this weekend in Trinidad and Tobago. Though a few liberalizations like, allowing Cuban- Americans with relatives in Cuba to visit and send money have been already implicated, the main expectations are the finalization of the Free Trade Area of the Americas policy and the development of economic growth in the Latin Americas which have been only a dream for almost 10 years now. Though the Obama administration conservative polices are a little something more than strict, the critics believe he will step down as this domestic economic issue’s will decide his presidency for the coming years.
President Obama is the first President throughout the world, to have both a Face book account and a You tube Channel. With this he can communicate with the American citizens in a way that bypasses the traditional media. During the Presidential elections, Obama was known for using the online social networks for his campaigns. In no other better manner can a President uplift the ideology of Democracy.
When a small group of University scientists were trying to link the pages in the internet, they found billions of pages that were hosted on the internet. In a few years the internet has grown and reached unimaginable heights. Experts say, it is not the problem of storage, but the problem of location typically called the IP address. Experts further say, this issue may become a serious one in a few years to come.
Economical & Financial crisis have developed a massive debt in the global bourgeoisie due to the job slashes. Australian government declared a mortgage assistance plan up to a year from the four big banks – Commonwealth bank of Australia, National Australia bank, Westport banking corp. and New Zealand banking group.
Cheap financing is an initiative of the Obama government. The dangers of this incentive are of two fold. For one, companies would now take on unwanted risks, secondly if a company is given unusually cheap financing then their rivals are at a competitive disadvantage. Lawrence White, an economic professor at New York University said, “If these entities are now perceived to be too big to fail within the protective net, then they get an advantage vis-à-vis other institutions that are not so perceived.”
Financial regulation plans proposed by the Obama administration may well bring in new hazards is what the experts throughout the financial arena are now concerned about. The perception that there will be backstopping of certain losses by the government will make firms take more risks and grow large. There are some financial instruments that will come under tighter control; others will be only loosely regulated thus allowing for new loopholes to be created.