Month: December 2018

Monday, June 26, 2006 A Francesco Totti penalty deep in added time put Italy through to the next round of the 2006 Fifa World Cup at the expense of Australia, Monday. The Australian Socceroos had the ball more, but the more experienced Azzuri defenders created an impenetrable defence, limiting the number of Australian scoring opportunities. This was despite the Italian team shrinking to ten men after Marco Materazzi was shown a controversial straight red card in the 50th minute. Australia looked to have gained an advantage when Marco Bresciano surged…

Friday, October 2, 2009 Companies in the United States are shedding more jobs, pushing the country’s unemployment rate to a 26-year high of 9.8%. The US Labor Department said on Friday that employers cut 263,000 jobs in September, with companies in the service industries — including banks, restaurants and retailers — hit especially hard. This is the 21st consecutive month of job losses in the country. The United States has now lost 7.2 million jobs since the recession officially began in December 2007. The new data has sparked fears that…

Tuesday, August 31, 2010 Every September, the Apple iPod is redesigned. Last year saw the release of the iPod Nano 5th generation, bringing a video camera and a large range of colours to the Nano for the first time. But as Apple again prepares to unveil a redesigned product, the company has released their quarterly sales figures—and revealed that they have sold only 9m iPods for the quarter to June—the lowest number of sales since 2006, leading industry anylists to ponder whether the world’s most successful music device is in…

Wednesday, September 24, 2008 Treasury Secretary Henry Paulson and Chairman of the Federal Reserve Ben Bernanke fielded questions from the Senate Banking Committee today. Paulson and Bernanke were joined by Christopher Cox, chairman of the SEC, and James Lockhart, director of the Federal Housing Finance Agency. The four urged the Committee to pass legislation allowing the Treasury to spend up to US$700 billion to bailout investment banks by purchasing their “illiquid debt”. They made the pitch to the committee to bail out Wall Street by passing legislation giving the Treasury…

Friday, December 9, 2005 The voluntary student unionism bills that have been proposed earlier in the year by the Australian government in the Australian House of Representatives has been passed by the Australian Senate December 9, without amendment, after an unexpected urgency motion that afternoon. The voluntary student unionism bills aim to stop the compulsory joining of university students into the student union and the consequential abolition of payment of the union fees, which sometimes go to certain amenities and services provided to university students. Many students, associations, and vice-chancellors…

Wednesday, April 9, 2008 Flickr, the online photo sharing service owned by American internet company Yahoo!, today launched a new video-sharing service for “Pro” users. After 4 months of waiting since an unofficial “coming soon” on the Flickr forums, subscribers to the service are now able to upload videos of up to 90 seconds in length, or 150 MB in size. After some criticism over the website diversifying too much, Flickr Community Manager Heather Champ, and Yahoo! spokesperson George Hadjigeorgiou responded by calling these 90-second videos “long photos”, which capture…

Monday, January 17, 2011 Steve Jobs, the chief executive officer of Apple Inc., announced Monday in an internal memo that he would be on medical leave for an undetermined period of time. The statement caused a sharp decrease of Apple share prices in foreign markets, while US markets were closed in honor of Martin Luther King. Monday’s email announcement marked the third time in the past decade that Jobs, aged 55, has taken medical leave. He fought pancreatic cancer in 2004 and took six months off in early 2009, later…

Tuesday, April 24, 2007 Thailand’s anti-corruption body, the Assets Examination Committee (AEC) has instructed the country’s tax authorities to issue a tax bill to the company set up by ousted Prime Minister Thaksin Shinawatra. The amount is US$616 million, or 20.89 billion baht. The company Ample Rich is registered in the British Virgin Islands, however the AEC stated the company could not evade corporate tax due to their operations taking place within the Kingdom of Thailand. With two of Thaksin’s children on the board of directors of the company, and…

Monday, July 4, 2011 Officials announced that a treasure containing sacks of diamonds and gold coins as well as golden idols, jewelry and other riches has been discovered in the secret subterranean vaults of Sree Padmanabhaswamy temple, in the southwestern state of Kerala, India. Estimates of its worth have been rising and it is now thought to be worth US$20 billion. The Hindu temple was built in the 16th century by the kings of the then Kingdom of Travancore to serve as a royal chapel for the rulers of Travancore.…

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