- Myanmar Frees Prominent Political Prisoners – Wall Street Journal
Wall Street JournalMyanmar Frees Prominent Political PrisonersWall Street JournalBy PATRICK BARTA Myanmar began freeing prominent political prisoners Friday in the latest reform that the government is taking in an apparent effort to get out from under the weight of Western economic sanctions. Political detainees set free in the …Burma prisoner release begi […]
- Obama seeks to raise US debt limit by $1.2 trillion – Telegraph.co.uk
Telegraph.co.ukObama seeks to raise US debt limit by $1.2 trillionTelegraph.co.ukPresident Barack Obama has formally notified Congress that he plans a $1.2 trillion (£780m) increase in the US debt limit, prompting Republicans to level election-year charges that deficits are out of control. Barack Obama’s proposed increase would …Obama Starts Clock for […]
- Video Inflames a Delicate Moment for US in Afghanistan – New York Times
New York TimesVideo Inflames a Delicate Moment for US in AfghanistanNew York TimesKABUL, Afghanistan — A video showing four United States Marines urinating on three dead Taliban fighters provoked anger and condemnation on Thursday in Afghanistan and around the world, raising fears in Washington that the images could incite …US Marines identify Afghanistan […]
- Official: North Korea test-fired short-range missiles – Fox News
Fox NewsOfficial: North Korea test-fired short-range missilesFox News| AP AP Photo/KRT via APTN In this undated image made from KRT video, North Korea’s new young leader Kim Jong Un, third from right, watches jet fighters with North Korean officials at an undisclosed place in North Korea. SEOUL, South Korea – North …Kim Jong Il isn’t going anywhe […]
- Republicans rally around Romney after hits on Bain – Boston.com
Boston.comRepublicans rally around Romney after hits on BainBoston.comRepublican presidential candidate Mitt Romney meets supporters at Cherokee Trike and More in Greer, SC, Thursday, Jan. 12, 2012. (AP Photo/Spartanburg Herald-Journal, Michael Justus) By Thomas Beaumont and Kasie Hunt Associated Press / January 13, …Haley’s Picking Romney Shocks Tea […]
- Missing teenager Natalee Holloway declared dead – Boston.com
Boston.comMissing teenager Natalee Holloway declared dead. Beth Holloway is pursued by reporters following a hearing in Birmingham, Ala.,Thursday, Jan. 12, 2012. An Alabama probate judge disclosed at the hearing that he will sign an order declaring Natalee Holloway dead, more than six years after the teenager …Judge declares Alabama teen missing si […]
- APNewsBreak: UN visit to Tehran set for Jan 28 – Boston.com
Boston.comAPNewsBreak: UN visit to Tehran set for Jan 28Boston.comFILE – In this April 8, 2008 file photo provided by the Iranian President’s Office, Iranian President Mahmoud Ahmadinejad, center, visits the Natanz Uranium Enrichment Facility some 200 miles (322 kilometers) south of the capital Tehran. …A cease-and-desist policy, for nowHaaretzIran to […]
- Chicago shivers as first major snowstorm of 2012 hits Midwest – Fox News
Bloomberg: Chicago shivers as first major snowstorm of 2012 hits MidwestFox NewsCHICAGO – Chicago was bracing itself for up to eight inches of snow overnight as the first major snowstorm of the season brought treacherous conditions and the usual frustrations for travelers Thursday. As of 8:30pm local time about 560 flights at …When snow moves out, deep cold […]
- Taiwan’s expats seen as key in presidential poll – CNN International
BBC NewsTaiwan’s expats seen as key in presidential pollCNN InternationalBy Peter Shadbolt, CNN (CNN) — As many as 200000 people — most of them mainland China-based Taiwanese – are expected to return to Taiwan this weekend for an election viewed as critical to the future of an economy that has boomed thanks to warmer ties …China Deals Up for Judgmen […]
- Judge advises court-martial for Wikileaks suspect – San Francisco Chronicle
BBC NewsJudge advises court-martial for Wikileaks suspectSan Francisco ChroniclePatrick Semansky / AP In this photo taken Dec. 22, 2011, Army Pfc. Bradley Manning is escorted from a courthouse in Fort Meade, Md. An Army officer is recommending a general court-martial for Manning, a low-ranking intelligence analyst charged in the …Army Officer Recommends Tr […]
All posts by MyOrbit-Team
TopNews-11Jan2012
- Iran says bomb kills nuclear scientist, blames Israel – Reuters
Globe and MailIran says bomb kills nuclear scientist, blames IsraelReuters* Iran says nuclear scientist killed in car bombing * Officials in Iran blame killing on Israel * US Treasury Secretary appeals to China over Iran (Adds official comment, detail) By Ramin Mostafavi TEHRAN, Jan 11 (Reuters) – Iran said one of its …Blaming US and Israel, Iran Reports K […]
- Banning Islamic law is unconstitutional, says US court – The National
USA TODAYBanning Islamic law is unconstitutional, says US courtThe NationalAP OKLAHOMA CITY // A proposed constitutional amendment that would ban Oklahoma courts from considering international or Islamic law discriminates against religions, and a Muslim community leader has the right to challenge its constitutionality, …Oklahoma’s ban on Islamic law b […]
- Scottish independence referendum: why autumn 2014? – The Guardian
The GuardianScottish independence referendum: why autumn 2014?The GuardianSo Alex Salmond has named the day he wants to see Scotland vote for divorce; well, if not the day, then the season. The referendum on Scottish independence will be staged in autumn 2014, he suddenly declared on Tuesday night. …Scots leader: Scotland, not Britain, has right to decide […]
- Ex-Arab League monitor labels Syria mission ‘a farce’ – BBC News
BBC NewsEx-Arab League monitor labels Syria mission ‘a farce’BBC NewsA former member of the Arab League’s observer mission to Syria has called it a “farce” and described the situation there as a humanitarian disaster. Anwar Malek told al-Jazeera TV that he had resigned because of what he had witnessed in Syria, …Syria’s Assad […]
- Romney secures front-runner status with New Hampshire win, looks to take … – Fox News
Fox NewsRomney secures front-runner status with New Hampshire win, looks to take …Fox NewsAP Jan. 10, 2012: Mitt Romney greets supporters at his New Hampshire primary night victory party at Southern New Hampshire University in Manchester, NH Mitt Romney stormed out of New Hampshire Wednesday with a historic achievement under his belt, …Romney Broadens Co […]
- North Korea Accuses US of Politicizing Food Aid – Wall Street Journal
The GuardianNorth Korea Accuses US of Politicizing Food AidWall Street JournalBy EVAN RAMSTAD SEOUL—North Korea, in its first statement directed at the United States under new dictator Kim Jong Eun, pressed for more food assistance than the US has apparently offered, and accused Washington of politicizing their negotiations that …NKorea Keeps Door Open for […]
- Natalie Wood investigation reveals no new evidence – The Guardian
The GuardianNatalie Wood investigation reveals no new evidenceThe GuardianDetectives investigating the reopened case of Natalie Wood, the Hollywood icon who drowned off the coast of California more than 30 years ago, have failed to uncover any new evidence suggesting foul play was involved, according to US reports. …Natalie Wood probe yields no new finding […]
- Natalee Holloway suspect Joran van der Sloot’s murder trial restarts in Peru – msnbc.com
msnbc.comNatalee Holloway suspect Joran van der Sloot’s murder trial restarts in Perumsnbc.comJoran van der Sloot said on Friday he would “sincerely confess” to killing killing 21-year-old Stephany Flores in his Lima hotel room in 2010 in a plea strategy aimed at reducing his eventual prison sentence. LIMA — Joran van der Sloot’s trial in […]
- How vulnerable is Republican frontrunner Romney on jobless issue? – CNN
BBC NewsHow vulnerable is Republican frontrunner Romney on jobless issue?CNNBy Jonathan Mann, CNN (CNN) — Republican presidential candidate Mitt Romney had a win to savor and a wound to salve this week, after a crucial victory and a cringe-inducing gaffe. “Romney may have won New Hampshire but the premise of his candidacy …Before Handing Romney a Vic […]
- Michelle Obama and the Evolution of a First Lady – New York Times
New York TimesMichelle Obama and the Evolution of a First LadyNew York TimesMichelle Obama was privately fuming, not only at the president’s team, but also at her husband. In the days after the Democrats lost Edward Kennedy’s Senate seat in January 2010, Barack Obama was even-keeled as usual in meetings, refusing to dwell on …8 Surprises in Jodi […]
Happy New Year 2012
Wishing you a Happy New Year 2012.
Hope you give your best shots this year.
Here’s Titanium by David Guetta to bring on the New Year.
http://www.youtube.com/watch?v=Mb6mS6Yj_UA
Lehman Brothers Case Study
This is an ongoing post to study what exactly happened to Lehman Brothers.
Sep 15, 2008: Lehman Brothers was the 4th largest investment bank in the world. Why was Hank Paulson smiling the day Lehman Brothers was declared bankrupt? Did he play a role in the denial of US Govt support for Lehman Brothers at a critical juncture? Nobody knows that. But what one surely knows is that Hank Paulson is ex-Goldman Sachs and Goldman Sachs is a long term beneficiary of Lehman Brothers fall. Agreed that Lehman had much higher leverage (about 40x) than its peers (20x), so their balance sheet was much higher in risk. But if US Govt could support other large financial organizations like AIG, Fannie Mae and Freddie Max, maybe they should have offered some “short term support” to Lehman Brothers too. In credit crunch situation, time is all that one needs, and with a bit of time, Lehman could have got a chance to get sell some of its assets to raise capital or raise fresh capital from its long term investors globally. The US Govt’s/ Fed’s attitude of “not a single dollar to support you” towards Lehman Brothers was not logical and it harmed the global financial markets, including US economy. Continue reading
Meeting with Raju from Nepal
One of the most fascinating aspects of life is meeting others and learning about what they’ve been through in life. I met a man from Nepal by the name of Raju, who lives and works in Bangkok. Over the past few years we’ve seen each other in passing and eventually I became a customer of his. He runs a tailor shop on Sukhumvit Road in the heart of Bangkok and he now makes my clothes, both casual and dress. He has an eye for detail, a pleasant personality, and he’s a good guy. One day I suggested that we go to dinner, away from the hustle of business life, have a few cocktails and get to know each other.
Nepal is landlocked, which means that it is surrounded by other countries on all sides and must keep friendly relations with its neighbors in order to have access to the shoreline (shipping). Essentially, Nepal is squeezed between China and India. Nepal is a difficult country to make money in and survival is a daily chore, so Bangkok is a paradise by comparison. Continue reading