26 July 2014

Business Battered and Bruised

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It's been a relaxed week on the markets with a few big movers announcing results but with most attention on states and their business interests.

State of Business


With the recent downing of Flight MH17 the total liability of the crash could reportedly reach $1 billion, add to that the second major blow to it's brand, can Malaysian Airs survive? In related Ukrainian news Russia are having trouble selling bonds after their Ukraine adventure prompted the cancellation of the bond auction.

More nations are having a hard time with Argentina asking a US judge to put the debt payment order on hold while Puerto Rico's debt crisis could be heading for a US style bankruptcy resolution. South Korea announced a new stimulus plan to help the economy after the Ferry disaster earlier in the year slowed economic growth. In the Eurozone public debt spiked reversing the down trend when the economic crisis eased. The IMF has cut the global growth outlook taking into account weakness in both the US and China.

Saudi Arabia seems to be the only glimmer of hope as it announced it had opened it's $531 billion stock market to foreign investors for the first time.

Business Battered


A widow of a chain smoker has been awarded $23billion in damages against the second largest cigarette maker in the US, RJ Reynolds.

McDonald's didn't have a great week when it was revealed there was an issue with a supplier of meat to McDonalds in China resulting in certain items being pulled from menu's. McDonald's hasn't had much luck in Europe either with it's German profits taking a knock and the Russian consumer protection agency seeking to ban some of it's burgers and milk shakes.

Barclays employee's have said they were concerned about the "Dark Pools" before the suit was filed by the SEC. Barclays has since filed to have the suit dismissed but the SEC have instead stepped up the inverstigation.

The takeover of Time Warner by Rupert Murdocks News Corp has been bumpy with Time Warner preventing shareholders from calling meetings and as interest grows shares of Time Warner could reach $105 a share.

Technology Titans


Facebook showed critics when it's reported  profit's more than doubled thanks to mobile ads resulting in the stock going on to hit a record high and pocketing founder, Mark Zuckerberg, a cool $1.6 billion.

Apple seems pretty certain of it's future reportedly asking it's supplier to produce 80 million large screen iPhones however things weren't all great as it was revealed 18,000 Apple employee's have opened a class action lawsuit against Apple.

More tech Titans made themselves known on the stock market with Alibaba indicating it would wait till after US Labor Day to launch it's much anticipated IPO. However things weren't great for many others with Microsoft's fourth quarter earnings taking a hit after it's acquisition of Nokia and finally Amazon didn't fare to well either when it posted a $126 million loss.

18 July 2014

Conflicts Turn Into Catastrophe

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This week has revealed a world in turmoil with futures uncertain for many in and around hotbeds of violence.

Russia and Ukraine


The US imposed further unilateral sanctions on Russia striking another blow to Russia's economy who were not happy with the newly imposed sanctions and threatened retaliation.

While politicians continued to argue blood was shed with the Ukraine army pushing back on the rebel-held Donetsk. However the world stood up and took notice when commercial flight MH17 was shot down by pro Russian militants killing 298 people on board. Among the passengers were 100 AIDS researchers on a trip to a conference in Melbourne, Australia. Since the shooting down of Flight MH17 the UN Security Council has called for an emergency meeting to discuss the growing problems.


Israel and Gaza


After the kidnapping and murder of several teenagers Israel forces retaliated by sending in troops to the north of Gaza and later bombing Hamas targets hitting a Mosque and clinic. Hamas countered taking aim at Tel Aviv with casualties beginning to grow on both sides of the conflict. As the conflict escalated the number of casualties rose further as both sides fought tit for tat.

There was a brief seize fire organized by Egypt which Israel accepted in return for militants stopping rocket fire, however, it did not last long with Hamas armed wing vowing to intensify the conflict and Israel targeting top Hamas leaders in return. As the conflict continued more innocents paid the price with an Israeli airstrike killing four children on a Gaza beach. Israel claimed a small victory when it stopped 13 men tunneling in from Gaza. There was momentary peace when another seize fire was agreed for 5 hours for humanitarian aid with fighting continuing soon after.


Libya


Fighting at Tripoli's international airport escalated with clashes between Zintan and Islamist Militia killing 7 people with fighting continuing when days after the initial attacks the airport was hit by rockets. With unrest threatening to spiral out of control the UN withdrew all it's staff from Libya and Libyan airspace was closed.

A suspect in the 2012 attack on the US embassy in Benghazi was found dead in his prison cell after only 2 days in custody.

Iraq


The US and Iraqi government have tried to use growing tension between the extremists groups against each other. However the US see's risks in assisting Iraq directly with many units are deeply infiltrated by either Sunni extremist informants or Shiite personnel. With fighting Kurdish women battled jihadist-led rebels in Iraq and lastly 29 people were killed in Baghdad when Militia stormed an apartment building in the east.

11 July 2014

Sporting Shockers

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Wow, what a week. From World Cup slaughters to court room drama, the sporting world has never been more explosive.


Beyond Shocking


In one of the biggest FIFA World Cup shockers of all time Germany decimated Brazil with a 7 - 1 win in the semi finals knocking the host country out of contention. The aftermath of the defeat made it's way on to the streets where buses were set on fire by fans expressing their rage. After the game the German boss urged calm saying "There is no euphoria" insisting the team were already focused on the final.

On a lighter note the internet was awash with meme's at the expense of Brazil and as bad as things were for Brazil, feel a little sympathy for the German promotion that offered Formula 1 tickets at a discount based on the number of goals scored by Germany during the semi-finals.


The Ugly Side of the Beautiful Game


It wasn't all skill and technique when Brazil's Neymar suffered a major setback after being kneed in the back by Juan Zuniga during the match between Brazil and Columbia. Even though the tackle was widely condemned FIFA's disciplinary committee announced they would not sanction the Columbian for his actions. After the events Neymar revealed he feared he would be paralyzed later discovering the tackle resulted in a cracked vertebrae.

Speaking of unsportsmanlike like behaviour, Luis Suarez biting ban appeal was turned down.


Off the Field


The Donald Sterling/Clippers legal battle found it's way to court but as expected things didn't go smoothly. Initially Donald wanted the case moved to another court but was denied when the trial finally got underway Donald made a scene and was combative in court shouting at his wife "Get away from me, you pig!". Things didn't get better with Donald verbally attacking two doctors who declared him mentally incapacitated.

The case against Oscar Pistorius came to an end with Oscar's defense team closing the case with final arguments set for August. However just before the end of the trial a video was leaked on Australian TV showing Oscar re-enacting the events of the night he killed Reeva Steenkamp. Oscars legal team said they would take legal action over the leaked footage.



4 July 2014

Tech Keeping Tabs

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It was revealed this week that all your private information is there for Facebook's amusement and Government perusal.

Internet


It was revealed this week that Facebook had manipulated the news feeds of over half a million users in an experiment on "emotional contagion" for 1 week in January 2012. Naturally the backlash was swift but Facebook addressed the issue stating that they "care about the emotional impact of Facebook" however this hasn't quelled the masses with the UK data regulator probing the experiment.

In Google news, Google chair Eric Schmidt reportedly visited Cuba. It was announced that Google would shut down it's other social network Orkut, no word on Google+. Google will face claims of spying on WiFi networks after the supreme court refused to hear it's street view appeal.

After one year the UK's porn filter now blocks 1 in 5 sites most of which aren't related to pornography. Speaking of a bit of naughty, a music industry site was hacked and redirected to the file haring site The Pirate Bay.

Bitcoin had a busy week when the entire haul confiscated from Silk Road was auctioned off to one bidder but California was left embarrassed and had to update it's laws after it was revealed that Bitcoin was illegal in the state.

Space


NASA successfully tested a new "flying saucer" vehicle which could be used in future missions to Mars. In closer to earth news 2 Astronauts had their heads shaved on board the ISS after losing a soccer bet and finally pictures have also been released from the ISS of Hurricane Arthur growing along the US Eastern seaboard.

Security


While there are serious threats in the world with the energy sector facing attacks from Russian hackers it was Government overreach that raised the most concern's with the FBI and CIA having joined the NSA in so called "backdoor" searches of Americans while the new NSA chief downplayed fears claiming Edward Snowden's leaks are "manageable". New reports on the NSA spying scandal have revealed that the NSA was allowed to spy on all but 4 countries but never fear because an "independent privacy board" says it's alright for the NSA to do what it does.

Science


And if all that security news doesn't make you paranoid, the World Health Organization called for more drastic measures to stop the recent deadly outbreak of Ebola. But that's not all because the CDC are trying to retrace events to see how several scientists came into contact with Anthrax. Never fear if it all comes to an end we can always rebuild you after it was announced that scientists have figured out how to grow blood vessels in 3D printed organs, as long as we don't run out of ink.