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Venezuelan Government Seizes Electronics Stores

November 13, 2013 By Kenneth Scott Leave a Comment

On Friday, the government of Venezuela seized control of a chain appliance stores that stretched across the country.

Shoppers started hearing on Friday that President Nicolas Maduro had ordered the stores seized to sell electronics at less expensive prices. By midnight on Friday, hundreds of shoppers were amassing outside the stores waiting for the doors to open.

Price inspectors from the government said they had found evidence that usury was taking place and Maduro ordered the occupation of the stores.

In a Friday night televised address, the president said he would reopen the seized stores on Saturday and unload the plasma TVs, washing machines and other electronics at prices that were fair to the public.

He told the citizens of his country to leave nothing on the store shelves or in the store warehouses.

The out of control inflation in the country, which is at 54% is causing problems across all families in the biggest oil producer in South America. Last Wednesday, Maduro tightened currency transaction controls.

With municipal elections coming up in December, Maduro also ordered his military to shutter businesses that were hoarding products and speculating prices. In just their second day, inspectors took control of two Daka stores.

By nightfall, the military, some with assault rifles, helped to control order outside the seized stores by giving numbers to shoppers as they formed lines that went around the block.

Prices of products had skyrocketed to over $8,500 for a plasma television, when the same product was available on the black market for only $1,000.

The owners of the stores seized have not responded to the government’s accusations or the seizing of their stores. Reports were that the owners did not live in Venezuela but in Miami.

Even Maduro’s opponents expressed some sympathy for the effort he was putting in for price gouging by the private sector.

One woman watching the activity around the store does not agree with the current government in general, but said that she does not like it when she and her fellow Venezuelans are abused by businesses and their high prices.

The upcoming municipal elections are turning out to be more of a referendum on the controversial seven months that Maduro has been president and his rocky rule.

Filed Under: Business, Headlines

North Korea Executes Dozens of People

November 12, 2013 By Kenneth Scott Leave a Comment

The government of North Korea has executed eighty people by firing squad said a report from South Korea about the highly secretive country. The eighty were executed for viewing foreign films.

A newspaper from South Korea, JoongAng Ilbo, reported the public executions were coordinated for effect and took place in seven different cities across the country at the beginning of November.

In one of the cases, local authorities detained more than 10,000 people of which some were children, and forced them to view the executions, said the newspaper report.

Those executed had been found guilty by the government of just minor misdemeanors, which included watching television programs from South Korea on videos or for having a Bible.

Sources for the South Korean paper said that witnesses viewed eight people who had been tied to stakes at the Shinpoong Stadium in the province of Kandwon. The eight had sacks put over each of their heads and were then executed by soldiers who used machine guns.

One source said the people in North Korea that saw the eight executed said afterwards that their bodies had been so riddled with bullets it was hard to recognize them.

Friends and relatives of each of the victims were sent, said sources, to different prison camps. This is a tactic of the government of North Korea to dissuade people from breaking their laws.

One analyst said that reports to the public about the executions would have a big effect on the rest of the population. He said survival was the only thing people they wanted and that breaking the law was something they could not dare do now.

The executions of dozens might be a signal of a wider crackdown on the possible hints of discontent within the population.

This latest report, said on think tank in Washington, claims Kim survived a 2012 assassination attempt and his personal security increased dramatically since the attempt took place.

That report echoes what sources from South Korea intelligence stated back in March that a small faction inside the army in North Korea were involved in the assassination attempt in November of 2012.

 

Filed Under: Headlines

Brown Released From Jail After Charge Reduced

October 29, 2013 By Kenneth Scott Leave a Comment

Singer Chris Brown was released from jail after his felony assault charge was lowered to a misdemeanor. Brown had been arrested outside a hotel on Sunday morning in Washington D.C. following an altercation where he is alleged to have broken a man’s nose after punching him.

Brown made a plea of not guilty and was released without bail from jail on Monday. The 24-year old singer was ordered to not come within 100 yards of the alleged victim.

It is unclear why the charge of assault was reduced, but it might be due to the injuries not being as serious as first thought. The victim alleges that Brown broke his nose, but police state the victim had been treated for a fractured nasal bone.

The first report the police made said it was one of Brown’s bodyguards who had thrown the punch, but the charge against the bodyguard was also reduce to just a misdemeanor.

The singer and Christopher Hollosy are alleged to have punched the man outside the W Hotel in downtown Washington, D.C. at around 4.25 a.m. on Sunday, said sources close to law enforcement.

Brown denied throwing any punches, claiming the alleged victim attempted to board his bus and his bodyguard in turn handled the situation.

Brown was also accused of yelling a homophobic slur while the altercation was taking place that led to him being arrested.

Isaac Adams Parker, the alleged victim told local police that Brown said he was not down with gay s**t.

Parker said both Brown and his bodyguard punched him and the R&B singer then stood behind his bodyguard and ordered Parker to leave.

Because of this altercation, the Probation Department from Los Angeles County was launching an investigation to determine if the charges against Brown violated his terms of probation with them.

Filed Under: Headlines, Life

Memory Could be Affected by Blood Sugar

October 25, 2013 By Kenneth Scott Leave a Comment

People without type 2 diabetes but with high blood sugar performed worse when they took memory tests than people with lower levels of blood sugar revealed a study this week.

Researchers from Germany used 141 people whose average age was 63 and all did not have pre-diabetes or type 2 diabetes and did not show any signs of memory problems.

The participants in the study took a series of tests dealing with memory and their blood sugar was tested. They had brain scans that measured their hippocampus’ size. This area plays an important part in an individual’s memory.

Researchers said they correlated the levels of long-term blood sugar with the amount of words people were able to recall on a test.

The researchers found that higher levels of long-term blood sugar went together with recalling fewer words. The researchers also found that those individuals with blood-sugar levels that were higher had hippocampus’ that had smaller sizes.

The findings, said researchers suggest that for people in the normal range for blood sugar, reducing the level might be a way to prevent problems with memory, as they get older.

The lead researcher pointed out that the study was small and did not prove a cause and effect. However, the researcher said that large clinical studies to test if lowering the glucose level will help prevent dementia are needed.

A member of the Alzheimer’s Association said if something happens to the ability of the body to regulate its glucose levels, the brain cannot work the best it should.

If the glucose is not properly functioning, it could affect brain health and function over a long period of time, said a research scientist with Kaiser Permanente.

Filed Under: Headlines, Life

Earthquake Leaves Dozens Dead in Philippines

October 15, 2013 By Deborah Campbell Leave a Comment

An earthquake with a magnitude of 7.2 caused the deaths of 85 people in the central region of the Philippines. The quake toppled buildings, knocked over historic churches and sent residents running terrified into deadly stampedes.

Panic followed as people started filling the streets following the 8:12 a.m. quake. The quake was centered nearly 20 miles below Carmen Town, which is on Bohol Island, where a number of buildings were destroyed, roads broken up and bridges became impassable or collapsed.

Cebu, one of the most densely populated cities also was hit with extensive damage. The city is located on the opposite side of a narrow strait from Bohol. People were killed when a market roof and fish port fell on them.

In a gym in Cebu, a stampede was set off by the quake. People make lines there to receive cash assistance but the stampede killed five and injured at least eight others.

In a city nearby, 18 were injured when a mad scramble to the door of building that was shaking ensued.

Police reported in Bohol that 69 deaths came from there, where the quake shook close to the town of Carmen. In Cebu, 15 deaths have been confirmed and rescuers were searching for those they believe are alive but trapped.

The quake was centered in an area inland and did not cause any tsunami.

Schools and offices were closed due to a national holiday, which could have helped save lives.

This quake was also deeper in the ground than last year’s 6.9 magnitude quake that hit in the waters near Negros Island.

One witness said the quake took place when she was in her room and it sounded as if a huge truck was approaching as the rumbling noise grew louder and louder as the rolling, got closer.

She ran outside and cold see the concrete electric poles swaying and said the entire shaking lasted at least 20 seconds.

Filed Under: Headlines

Killer Bacteria Infects 31

October 13, 2013 By Deborah Campbell Leave a Comment

Vibrio Vulnifcus is an infection caused by bacteria found in salt water that is warm.

The bacterium is in the same family as the one that causes cholera. Thus far, in 2013, there have been 31 confirmed cases of the infection in Florida, by the strain that is the severest vibrio, and 10 people have died.

Health officials in Florida said a person could contract the disease in two ways: tainted raw shellfish most commonly oysters or when a person who has an open wound comes into contact with seawater that has the bacterium.

In Alabama this week, officials from the state health department said two males were diagnosed recently with vibrio vulnifuicus. One of the two died last month and the other is currently hospitalized.

Both of the men were working with crab traps in warm saltwater.

While these occurrences could be a concern to health officials in states with miles and miles of coastlines and tourism dependent economies, experts said the bacterium is not something most people should be concerned with.

The bacteria usually exist in salt water and for the most part affect only those with immune systems that are compromised. Symptoms of the bacteria include diarrhea, vomiting as well as pain in the abdomen. If the bacterium enters the bloodstream it provokes symptoms that include chills, fever, blistering wounds on the skin and decreased blood pressure.

Health officials said they believe the Gulf of Mexico is as safe to see as it was 10 years ago.

In other Gulf States, reports of other illnesses that are waterborne have been in the news, but they too are very rare. In fresh water, the amoeba Naegleria fowleri usually lives off bacteria from the sediment in rivers and lakes.

However, if it goes up a person’s nose high enough, it is able to get inside the brain and kill the person. Fatalities from this have been reported in Arkansas, Florida and Louisiana this year.

Filed Under: Headlines, Travel

Yellen Nomination Eases Fears, Dollar Gains

October 9, 2013 By Deborah Campbell Leave a Comment

The news that U.S. President Barack Obama has decided to nominate Janet Yellen to chair the Federal Reserve helped to lift the dollar and eased fears over the current budget deadlock Wednesday. Nevertheless, world stocks dropped for the third consecutive session.

An official from the White House said that Obama would be nominating Yellen, who is currently the Fed’s deputy chief. Her nomination is expected later on Wednesday.

Most observers feel Yellen will lead the Fed’s policy on a similar path of Ben Bernanke her predecessor, including staying with the commitment by the bank to the bond purchasing stimulus program until the economy has recovered and is back on track.

However, most participants in the market, expected that the positive impact of the nomination of Yellen to be short, given the little progress being made in Washington that could lead the U.S. to default on its debt obligations as soon as next week.

Those worries caused shares in Europe to fall to a new low of one month Wednesday just one day after Wall Street saw a sharp selloff.

Futures for stocks in the U.S. pointed to a slight recovery for Wall Street when the session opens on Wednesday, where much attention will be focused on a new round of corporate earnings. The season for corporate earnings started Tuesday afternoon with Alcoa reporting first.

The dovish stance for Yellen on policy implied her appointment was previously set as a net negative for the currency of the U.S., but the budget problem seems to have changed that temporarily.

The dollar was up over 0.5% to 97.3 yen, which took it off a low of two-months of 96.55 it had hit on Tuesday. The dollar was also higher by 0.5% on the Swiss franc.

Congress only has nine more days to act prior to the deadline for the debt ceiling of October 17. Little or no movement has been made in negotiations between the two political parties.

Filed Under: Finance, Headlines

Economic Unbalances in Ukraine Worries World Bank

October 7, 2013 By Deborah Campbell Leave a Comment

Ukraine lawmakers must act in a very quick fashion to correct the countries imbalance in the economy that threaten to widen the current account and budget deficits beyond the control of the government, said the World Bank.

The lender, based in Washington, said Ukraine must allow more flexibility in currency exchange rates and end the gas-price subsidies to qualify for bailout funds from international lenders.

The international lender lowered its estimate for the 2013 economic growth for Ukraine from 1% to zero.

At present, Ukraine is in a struggle with a shrinking economy, contracting foreign reserves, a widening gap on current accounts and trade restrictions from neighbor Russia, its largest market for exports.

By delaying an overhaul to the economy until past the presidential elections scheduled for 2015, would make the changes at that time even more difficult and eventual recovery slower, said the international lender.

Ukraine’s bonds from the government due in 2014 fell, pushing the bond yield to over 15.1%, the highest it has been in over a week.

On September 20, Moody’s Investors Service downgraded the debt rating for Ukraine by a full level to Caa1. That level is seven below investment grade. The service cited increasing economic and political risks due to relations deteriorating with Russia, low reserves in the central bank and no progress on a possible bailout from the IMF.

The reserves in the central bank are sitting at a low of seven years of just $21.7 billion as of the end of August. That is down by over $8 billion form just last year.

Policymakers have had to dip into the fund to support country’s currency the hryvnia. The balance is lower than the prices of three months of imports, which is a threshold many economists deem as important to keep financial stability.

Filed Under: Business, Headlines

India Seeking Regulation of Rent-a-Womb Business

October 1, 2013 By Deborah Campbell Leave a Comment

Rekha Patel a restaurateur from Britain held her newborn baby at a medical clinic in India’s northwest, as Daniel, her husband stood by smiling looking through a glass door.

Patel, who is 42, said she was amazed they finally had their baby and were grateful for the surrogate mother who was able to get pregnant and deliver a healthy baby.

The surrogacy industry in India is booming as thousands of couples who are infertile, many from around the world, hire the wombs of women in India to carry embryos to birth.

However, a big debate is raging over whether the industry, which is unregulated, exploits the poorer women. That in turn has prompted authorities in the government to draft legislation making it tougher for people from outside India that are seeking babes made there.

One Mumbai-based operation has produced over 295 surrogate babies, of which 90% were for clients overseas and 40% for couples who are same sex, since the fertility bank opened in 2007.

However, if the new law creates tighter rules, as the ministry of home affairs has suggested, which would disallow surrogacy for couple that are same-sex as well as single parents, then a clear impact would be felt in the industry and keep many clients from coming.

In 2002, India first opened to surrogacy on a commercial basis. It is one of just a few countries including Russia, Ukraine, Thailand and Georgia and a couple of states in the U.S. where women are allowed to be paid to carry to term another’s genetic child via the process know as in-vitro fertilization.

Skilled doctors, little bureaucracy, low-cost technology and a huge supply of possible surrogates have made India one of the preferred destinations for today’s fertility tourism drawing in nationals from the United States, Britain, Japan, Australia and others.

Filed Under: Headlines, Life

Attack: Nigerian Students Shot While Sleeping

September 29, 2013 By Deborah Campbell Leave a Comment

Islamist gunmen are suspected to be behind the attack at a college in Nigeria’s northeast that killed as many as 50 students.

The students were shot and killed while they slept inside their dorms at the Yobe State College of Agriculture. Nigeria’s northeast is in a state of emergency amidst an insurgency by Islamists from the Boko Haram group.

The Boko Haram is attempting to overthrow the government in Nigeria to form an Islamic state and many attacks have been launched at different schools.

Casualties from Saturday’s attack vary. However, one local politician told reporters that more than 50 students were shot and killed. The Nigerian politician said the dead bodies filled two vans.

Another witness was quoted by a news agency as saying that 40 bodies were at the hospital, most of which were young men thought to be students.

The provost of the college said that the death toll could pass the 50 mark, adding that the local authorities were still collecting dead bodies and that over 1,000 students fled campus.

The gunmen, after shooting the students, set fire to some of the classrooms at the school, said a spokesperson for the military. The school is located in the rural district of Gujba,

This past May, Goodluck Jonathan, the President of Nigeria ordered troops to attack Boko Haram and on May 14, he declared a state of emergency for the country’s northeast.

Many of the militants from Boko Harem left their locations in the country’s northeast after that military action and violence dropped initially, but revenge attacks followed quickly.

Boko Haram, in June, attacked schools twice in the area. In one, nine children died when a school was attacked near Maiduguri, and 13 teachers and students died in a Damaturu school.

In July, in the state of Yobe, Islamists attacked the dormitories of a school and killed 42 people with explosives and guns.

Filed Under: Headlines

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