S&P Hits Biggest US Banks With Credit Rating Downgrades By Mark Gongloff The Wall Street Journal S&P has reviewed its credit ratings for 37 of the world’s biggest banks, cutting the ratings of several, including all of the Big Six. This is not the most shocking news in the world, but it is not good […]
November 29, 2011
NFL’s Jacksonville Jaguars sold to Pakistani-born businessman Shahid Khan
Jaguars being sold to Illinois businessman Shahid Khan Jaguars owner Wayne Weaver, without a succession plan, sold the Jaguars to a businessman who is expected to keep the team in Jacksonville. By Tania Ganguli Times-Union JACKSONVILLE- For the first time ever, the Jaguars will have a new owner. One day before the 18-year anniversary of […]
November 29, 2011
American Airlines, AMR file for bankruptcy
American Airlines, AMR file for bankruptcy By Kyle Peterson and Matt Daily Reuters American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday to cut costs and combat soaring fuel prices and dampened travel demand. American Airlines was once the largest U.S. carrier, but is now third behind United Airlines and Delta […]
November 29, 2011
China’s first aircraft carrier starts second trial
China’s first aircraft carrier starts second trial AFP BEIJING — China’s first aircraft carrier began its second sea trial on Tuesday after undergoing refurbishment and testing, the government said, amid heightened regional tensions over maritime territorial disputes. The 300-metre (990-foot) ship, a refitted former Soviet carrier called the Varyag, underwent five days of trials in […]
November 28, 2011
Russia sending warships to its base in Syria
Russia sending warships to its base in Syria By Thomas Grove Reuters MOSCOW- Russia is sending a flotilla of warships to its naval base in Syria in a show of force which suggests Moscow is willing to defend its interests in the strife-torn country as international pressure mounts on President Bashar al-Assad’s government. Arab League […]
November 27, 2011
Pakistan on Sunday buried 24 troops killed in a NATO cross-border air raid impacting US relations
Pakistan buries troops amid fury over NATO strike By Aftab Ahmed Reuters Pakistan on Sunday buried 24 troops killed in a NATO cross-border air raid that has pushed a crisis in relations with the United States toward rupture. The attack was the latest perceived provocation by the United States, starting with the secret raid which […]
November 27, 2011
Will the NBA’s popularity decline after the lockout ends- an economic consequence?
Will the NBA’s popularity decline after the lockout ends due the Great Recession and fans’ anger with wealthy owners and wealthy players? The NBA had another lockout which occurred right after the 1998 season. The lockout wiped out 32 games of the 1998–1999 season. It was reported the lockout had caused fan apathy. Duration: July 1, 1998 – Jan. 6, 1999 […]
November 26, 2011
NBA owners and players reach tentative deal
NBA Owners, Players Reach Tentative Deal Patrick McDermott/Getty Images NBA Commissioner David Stern (right) and union executive director Billy Hunter speak to the media Saturday in New York City to announce a tentative labor agreement that would end the 149-day lockout. NPR Staff and Wires […]
November 26, 2011
Bed Bugs on airplanes?
Bed Bugs on airplanes Big Surprise: Bed Bugs Are Now Flying Business Class (Image via Wikipedia) Melanie Haiken, Contributor Forbes Just because you haven’t heard much about bed bug-infested airplanes doesn’t mean that economy or business class seat is free of the icky pests. While the topic hasn’t hit […]
November 26, 2011
NBA owners and players met for more than 12 hours Friday
NBA, players meeting in New York Associated Press NEW YORK — NBA owners and players met for more than 12 hours Friday in an attempt to end the 148-day lockout in time to save the league’s Christmas Day schedule. That deadline has created a sense of urgency because the Dec. 25 schedule is traditionally a […]
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November 29, 2011
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