You are currently browsing the Current World News weblog archives for the day Saturday, October 25th, 2008.

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More ‘Burnout Paradise’ updates planned

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Burnout Paradise will receive four more updates in the coming months. Developer Criterion has updated its website showing four packs to be revealed, unveiling one each Friday from October 31. Criterion has announced that future updates include an extra island and aeroplanes. Originally released in January, the racer has seen several free updates, including motorbikes [...]

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Azerbaijan: Land of Fire

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A century ago, half of the world’s oil came from one place: Baku, the capital of Azerbaijan, located on a stretch of Caspian coastline so rich with petroleum and natural gas deposits that the ground could actually catch on fire. Both oil booms are evident in a lavish exhibition at Berlin’s Ethnological Museum, called “Azerbaijan: [...]

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HAWKING TIME’S UP

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By TODD VENEZIA Posted: 4:28 amOctober 25, 2008 The laws of physics have finally caught up with legendary scientist Steven Hawking. He’s about to reach the point in space-time at which he must retire from his prestigious university post. The 66-year-old will step down next year [...]

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Calling out Drudge on McCain volunteer’s attack lie

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Calling out Drudge on McCain volunteer’s attack lie The tale of the McCain volunteer who made up an attack is sad — both for what she personally is going through and for what it says about our culture and media. First, to do what 20-year-old Ashley Todd allegedly did shows she is in a bleak, [...]

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Europe honors dissident Hu Jia, and China’s government fumes

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Yesterday, the European Union’s European Parliament awarded its Sakharov Prize for Freedom of Thought to the jailed Chinese political activist Hu Jia. Read more

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In Denial About Tatsuya Ichihashi

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My story in Friday’s’s paper about Tatsuya Ichihashi, the presumed killer of Lindsay Hawker, generated a swift response in Tokyo. I reported (read it here) that, although the Chiba police continue their dogged investigation, their detective colleagues in Tokyo have concluded that he has committed suicide and is quietly decomposing in a forest somewhere. Read [...]

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A World in Need of a New Order

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It is the global economy this time, stupid. Read more

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Russian Arms Exporter Sanctioned Over Iran

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The State Department has slapped financial sanctions on Russia’s state arms exporter for its dealings with Iran, but in an unusual move, it granted the company a partial waiver to permit the sale of nearly two dozen Russian helicopters to Iraq, U.S. officials said yesterday. Read more

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Japan’s Papers, Doomed but Going Strong

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TOKYO, Oct. 24 — Due to a shrinking population and an expanding Internet, the decline and fall of newspapers in Japan is all but guaranteed. Read more

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Recession Fears Batter Markets Across World

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LIMA, Peru, Oct. 23 — Stock markets around the world suffered steep losses Wednesday, with the sell-off particularly strong in Latin America and Eastern Europe, as investors acted on worries that recession is setting in even if financial institutions are being stabilized. Read more

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In Sadr City, a Repressed but Growing Rage

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BAGHDAD — Outside the tan, high-walled house, Shiite militiamen stood guard. Inside, men sat on a red carpet, their backs against a wall adorned with images of Shiite saints, their anger rising with each sentence. Hashim Naseer, a tribal leader, remembered how Iraqi soldiers arrested his brother early this month at a nearby park along [...]

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In Russia, Calm Despite Plunging Stocks and Shaky Banks

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MOSCOW, Oct. 24 — As the stock markets in Russia tumbled again Friday and the Kremlin continued struggling to shore up the nation’s banks, Maria Isayeva emerged from a subway station near Victory Park and shrugged off the crisis with a laugh. Read more

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Global crisis threatens to undo all U.N.’s work: Ban

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UNITED NATIONS (Reuters) – U.N. Secretary-General Ban Ki-moon warned his top lieutenants on Friday that the global financial crisis jeopardized everything the United Nations has done to help the world’s poor and hungry. Read more

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Political alarms ring as panicked markets dive

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BEIJING (Reuters) – Asian and European leaders closed ranks on Saturday to try to bolster the confidence of shell-shocked investors fearful that the year-long global credit crunch is mutating into a worldwide recession. Read more

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UN chief seeks crisis help for poor

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United Nations Secretary-General Ban Ki-moon has called for drastic measures to protect developing countries against the global financial crisis. Read more

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Dollar rises on global financial turmoil (AP)

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Play Video Video: The Real Story Wrap: October 15 TheStreet.com Play Video Video: Asian markets tumble on recession fears AP Related Quotes Symbol Price Change BK 27.81 -1.77 ^GSPC 876.77 -31.34 ^IXIC 1,552.03 -51.88 NEW YORK – The dollar rose against major currencies Thursday as markets grapple with worries that tight lending will throw the [...]

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Russians, plus American tourist, return from space (AP)

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Play Video AP  – American Space tourist returns to earth Play Video Video: Safe landing for Soyuz capsule BBC Play Video Video: US space tourist returns home Reuters AP – U.S. space tourist Richard Garriott undergoes medical tests shortly after the Russian Soyuz space capsule, … MOSCOW – Soon after he touched down Friday, American space tourist Richard Garriott [...]

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Sarkozy wants to be economic president of Europe until 2010

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PRESIDENT Nicolas Sarkozy wants his presidency of Europe to become an “economic presidency” which would spearhead a united response to the financial crisis by the 15 euroland nations, as well as Britain. Read more

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Nun Says She Was Raped by Hindu Mob

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NEW DELHI (Oct. 24) – A Roman Catholic nun who accused a Hindu mob of raping her said Friday that she will not cooperate with local police, alleging that they stood by idly during the attack. Read more

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‘Worst financial crisis in human history’: Bank boss’s warning as pound suffers biggest fall for 37 years

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Consumers face higher shop prices, dearer fuel and more expensive holidays after the pound slumped yesterday. Read more

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