A Blogger: Oct 9, 2012

Tuesday, October 9, 2012

Taj Arabia: Dubai to Build a Replica Taj Mahal

Oct. 8 (Bloomberg) -- On today's "Weird Wall Street," Bloomberg News discusses bizarre stories in business. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)

What Can You Look for in This Market?

Oct. 9 (Bloomberg) -- On today's "Technicals Vs. Fundamentals," Blackrock's Multi Asset Income Fund Portfolio manager Michael Fredericks and RJ O'Brien Senior VP of Interest Rate Products Todd Colvin discuss their investment strategies for stocks and bonds. They speak on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

The Big, Growing Business of Raising Urban Chickens

Oct. 9 (Bloomberg) -- Carol Massar previews this week's "Bloomberg Enterprise." The episode is about how Derek Sasaki and Traci Torres' business, My Pet Chicken, is booming. Massar speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Monkeys Hired Instead of Humans to Pick Coconuts

Oct. 9 (Bloomberg) -- On "Hot Shots" Bloomberg's Mark Crumpton reports on today's most compelling images. (Source: Bloomberg)

Nile's drying waterways stall Egypt's growth

Published 07 October 2012 12:20 2734 Views

For more than a century, a network of canals in Egypt has brought water from the river Nile to surrounding agricultural land. But now farmers are accusing the Ministry of Irrigation of diverting water to new neighbourhoods, leaving them with stagnant canals that are quickly turning into rubbish dumps. On the outskirts of Cairo, the village of Abu Sir is suffering severe water shortages making it hard for farmers to cultivate their crops while contributing to public health problems. Al Jazeera's Jacky Rowland reports from Abu Sir.

Super wired South Korea seeks analogue comfort

Published 08 October 2012 07:43 1233 Views

Nearly two-thirds of South Koreans are smartphone owners, each of them spending 50 per cent or more time on their devices than they did just two years ago. With one of the highest global internet speeds and smartphone penetration rates in the world, some psychiatrists worry about the impact on the brain functions of the wired generation. Scientists say prolonged exposure to the internet and such phones could lead to anxiety, brain fatigue and increasingly short-term memory. Al Jazeera's Harry Fawcett met with some people in Seoul who are turning to the familiarity of the analogue world for comfort in an increasingly wired society.

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New smartphone market thrives in Nigeria

Published 07 October 2012 09:27 2096 Views

The smartphone market is fiercely competitive worldwide. While Apple has been making headlines in Europe and America, Research in Motion, the company behind Blackberry, is looking elsewhere. In Nigeria, there are four million people using smartphones, and half of those phones are BlackBerry's. In the next four years, that number is expected to hit 25 million. Al Jazeera's Yvonne Ndege reports from Nigeria's commercial capital Lagos.

Farmers struggle despite lush environment | Global Ideas

Published on Oct 8, 2012 by deutschewelleenglish

Poland's Bialowieza national park, a biodiversity hotspot, draws plenty of tourists and sustains the regional economy. But not everyone's happy. Local farmers especially are facing a slide in earnings. A film by Grit Hofmann.

More information on: www.ideasforacoolerworld.org/en

Visiting Venice | Euromaxx

Published on Oct 9, 2012 by deutschewelleenglish

http://www.dw.de

It's very easy to get caught in the labyrinth of walkways and canals that make up Venice. That's just one of the characteristics that make it such an attractive tourist destination. We go there to discover its charms.
For more go to: http://www.dw.de/dw/episode/9798/0,,16260318,00.html

Lisbon to swap tax rises for spending cuts

Published on Oct 9, 2012 by Euronews

http://www.euronews.com/ Portugal's government is to tone down sweeping tax rises proposed for next year to tackle the country's mountainous debt crisis, and will replace them with spending cuts instead.

Trade unions called a general strike about the tax plans and even the international rescue team of lenders thought it was too much.

After a meeting of Eurogroup ministers in Luxembourg the Portuguese finance minister Vitor Gaspar said: "Some of the aspects of these measures may be changed, and we're working on reducing the expected tax increase."

Portugal is grappling with austerity measures to meet the terms of a 78-billion euro bailout from the troika of EU and IMF lenders. The budget, to be presented to Parliament on Monday, had concentrated on rises in property and income tax and a new tax on financial transactions.

Average income tax had been due to rise to just under 12 per cent, from just under 10.

It is Portugal's worst recession since the 1970s and it looks set to continue throughout next year.

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