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Saturday, February 5, 2005 London, UK –The quarterly G7 Finance Ministers and Central Bank Governors’ meeting at Lancaster House concluded on February 5, 2005, with the G7 failing to agree on a plan to reduce debt in developing countries. According to the Los Angeles Times, British Chancellor of the Exchequer Gordon Brown announced that he believes, “this summit will be remembered as the summit for 100% debt relief” for the 27 countries involved in the Enhanced HIPC Initiative. Ministers from other G7 countries disagreed. Brown’s so-called International Financial Facility proposal, or IFF, “would not work for the U.S,” Undersecretary of the U.S. Treasury John Taylor said to the Los Angeles…

Tuesday, June 6, 2006 Google has launched an online spreadsheet site, in a private beta. The site will allow spreadsheets to be shared between up to 10 users, which is aimed to be useful to teams and small businesses. “Many people already organise information into spreadsheets. Where they are struggling is to share it” said the product manager, Jonathan Rochelle. Google recently bought the online word-processor Writely, launched a calendar product, as well as a desktop search tool. Many see this as them straying into Microsoft‘s markets. Google Spreadsheets uses very advanced AJAX (Asynchronous Javascript And Xml) and Client Side Scripting to mimic very effectively it’s desktop counterparts’ functions. It…

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Saturday, October 4, 2008 The U.S. Senate passed a revised bailout bill designed to help the struggling U.S. financial economy, which has measures nearly identical to the bill rejected by the U.S. House of Representatives on Monday. “Senate Democrats and Republicans believe it is essential that we work quickly on this important legislation to restore confidence to our financial system and strengthen the economy,” said Senate Majority Leader Harry Reid. The new revisions include raising the FDIC insurance cap to $250,000, a move designed to please progressives. However, the $110 billion in tax breaks, earmarks and what has been called pork barrel spending is not offset by any increases in…

Friday, April 7, 2006Legislators in the Massachusetts General Court, their name for the state legislature, approved legislation on Tuesday, April 4, that would make it the first state in the United States to require all residents to have health insurance and impose penalties for non-compliance. Massachusetts Governor Mitt Romney, a Republican who is expected to run for U.S. President in 2008, is expected to sign the bill. The bill passed the lower house, the Massachusetts House of Representatives by a vote of 155-2, and unanimously by the state senate. The Democratic Party holds supermajorities in both houses of the legislature. Among the bill’s provisions are these: Businesses that employ more…

Wednesday, March 9, 2011 Alberto Granado Jiménez, the Argentinian biochemist who was Che Guevara’s companion on his transformative motorcycle trip through South America, died in Havana on Saturday, reported Cuban state television. He was 88 and died of natural causes. The politically active Jiménez met Ernesto “Che” Guevara, then a medical student, in Hernando, Argentina where Guevara had gone to play rugby. Both were intellectually curious and interested in exploration. In 1951 they set out on an eight-month motorcycle trip through South American that exposed them to the poverty in which most South Americans lived. The pair worked in a leprosy colony and met wtih destitute miners and indigenous people.…

Thursday, July 3, 2014 Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm. Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC). Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to…

Sunday, August 27, 2006 A military compound in Southern Afghanistan came under insurgent fire today killing a British soldier and injuring seven others. In response to the attack 10 militants were killed. It is reported that 40 gunmen stormed the Musa Qala district, ensuing a three-hour gunfight between the rebels and the ISAF (NATO). Reports that civilians had been killed prompted Afghan President Hamid Karzai to launch an inquiry into the deaths. British ISAF soldiers took over operations at Musa Quala from a Danish contingent that was attacked almost daily during their tenure. Brigadier Ed Butler, Commander of the British forces in Afghanistan – “The current tempo of operations in…