Saturday, August 18, 2012

Facebook stock near half of public offering value

(AP) ? Facebook's stock has come a penny short of hitting $19 for the first time, meaning it has nearly lost half of its market value since its public offering in May.

It hit $19.01 on Friday, a day after the expiration of a lock-up period that has provided some early investors and insiders with an opportunity to exit.

Investors have been concerned about Facebook's ability to keep increasing revenue and make money from its growing mobile audience, even as many analysts hold positive long-term views.

The stock closed on its first day barely above its initial public offering price of $38. It has been below that level since.

The stock fell to $19.01 before bouncing back to $19.17 in morning trading Friday. That's 70 cents, or 3.5 percent, below Thursday's close.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2012-08-17-Facebook-Stock/id-2a7c526b87064c4298949d8c0f986f13

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UN leader slams Iran president's Israel comment

AFP - UN leader Ban Ki-moon is "dismayed" by the latest anti-Israel comments made by Iranian leaders, a spokesman said.

President Mahmoud Ahmadinejad's attack on Israel as being a "cancerous tumour" has already been condemned by the United States and France. Ahead of mass demonstrations in Tehran on Friday, supreme leader, Ayatollah Ali Khamenei, said that Israel will "disappear".

"The secretary general is dismayed by the remarks threatening Israel's existence attributed over the last two days to the supreme leader and the president of the Islamic Republic of Iran," said a statement released by his spokesman Martin Nesirky.

Ban "condemns these offensive and inflammatory statements," he said.

Ahmadinejad and other Iranian leaders have frequently made such statements to condemn Israel.

The UN secretary general said that "all leaders in the region should use their voices at this time to lower, rather than to escalate, tensions," added the spokesman.

"In accordance with the United Nations Charter, all members must refrain from the threat or use of force against the territorial integrity or political independence of any state."

Iran is locked in a nuclear showdown with the United States and its allies in Europe. Israeli media has speculated that the Israeli military could attack Iran's nuclear facilities.

Source: http://www.france24.com/en/20120818-un-leader-slams-iran-presidents-israel-comment

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Friday, August 17, 2012

Irish Pharmacy Union launches online guide for sick children


17/08/2012 - 11:20:04
Pharmacists are reaching out to parents with ill children with an online guide.

The Irish Pharmacy Union has launched the guide to provide practical advice on treating common ailments.

Problems such as colds, coughs, pain and fever, as well as teething and colic are covered.

Irish Pharmacy Union guide to common ailments in babies and young children


Source: http://feeds.breakingnews.ie/~r/bnireland/~3/sdDyluMSQK8/irish-pharmacy-union-launches-online-guide-for-sick-children-563346.html

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Youngsters go hunting for Olympic Gold | Enderby Eye

Young treasure hunters sport their medals

?

Over 250 residents attended the event organised by Blaby District Council?s Health and Recreation team, which involved finding eight Olympic themed sports with the aid of a map and clues hidden around the park.

There was also face painting, sports day activities, and an arts and crafts area where children could make their own medals and fridge magnets of London 2012 mascot Wenlock and other Olympic motifs.

Councillor David Clements, health improvement and corporate services portfolio holder at Blaby District Council, said:

?The aim of the event was to inspire the young people of Blaby district about sport and the Olympics.

?As most of the children were too young to take park in the mainstream sport due to the majority being under five years old, this was a way for them to have fun while learning about Olympic sports and values.?

The Health and Recreation team will also be hosting a story adventure day on Wednesday August 22, using the Olympics as inspiration.

The event is aimed at the under fives and takes place at Countesthorpe Sure Start Centre, Winchester Road, Countesthorpe.

For full details of activities and events visit www.blaby.gov.uk/activetogether ?or email activetogether@blaby.gov.uk alternatively,?telephone ?0116 272 7703.

Source: http://enderbyeye.co.uk/?p=3461

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Ecuador leader seeks moral halo in asylum fight

LIMA, Peru (AP) ? An economist schooled in the United States and Belgium, Rafael Correa was judged among the more cerebral of Latin America's new breed of leftist leaders well before Julian Assange strolled into his country's London embassy and gave Ecuador's president a chance to seize the global spotlight

Correa's decision to grant asylum to the WikiLeaks founder Thursday seems anything but an emotional roll of the dice.

The former lay missionary knew he was apt to deeply offend the United States, Britain, Sweden and likely the European Union.

He knew he would be inviting commercial and political retaliation that could hurt his small petroleum-exporting nation of 14 million people.

No such retaliation has yet come, but the standoff is young.

Britain says it won't allow Assange safe passage out of the country. Sweden, where Assange is wanted for questioning for alleged sexual misconduct, summoned Ecuador's ambassador to issue a stern protest.

Offering asylum to the man responsible for the biggest-ever spilling of U.S. secrets was apparently too attractive for Correa to resist.

It let him stake a claim to moral high ground, associating himself with a man whose adherents see him as a digital age Robin Hood crusading against abuses of big governments and corporations and who believe the Swedish extradition request is a pretext for shipping Assange to the United States to face a kangaroo court.

U.S. Rep. Eliot Engel, the ranking Democrat on the U.S. House's Western Hemisphere subcommittee, has met with Correa several times and believes he understands the gamble.

"He's a very smart guy and this wasn't done in a vacuum," Engel said. "The reason is to kind of be the head of the poke-the-United States-in-the-eye group."

That club includes Bolivia, Nicaragua, Argentina, Venezuela and Cuba ? the latter formerly the top Latin American destination for people fleeing U.S. and European prosecution.

"It's not just done because Julian Assange should have freedom or shouldn't be persecuted," Engel said of Correa. "If that were the case, why is he persecuting his own journalists?"

Correa was the reason the director of Ecuador's main opposition newspaper did some asylum-seeking of his own early this year, holing up in Panama's embassy in Quito for 14 days when Ecuador's high court upheld a criminal defamation ruling against him and other top editors.

Correa later pardoned them and forgave a $42 million damage award against El Universo, but free press and human rights groups say Ecuador's president remains a threat to any speech not to his liking.

He has also used media ownership restrictions enacted by a loyal congress to diminish the power of opposition-owned media, which he claims are intent on destroying him.

Political scientist Vicente Torrijos of Universidad del Rosario in Colombia said giving Assange asylum provides Correa "a huge smoke screen to try to hide his treatment of the press."

Torrijos called it "propagandistic pragmatism" likely to please those who like to cheer on anyone who stands up to the United States and its allies.

Such people have played a big role in electing leftist leaders across South America as U.S. influence waned over the past decade.

Marta Lagos, director of the Chile-based Latinobarometro polling firm, said she found it remarkable how Correa seized an opportunity to become standard-bearer of the sovereignty of little nations fed up with the sometimes imperious U.S. meddling in Latin America exposed in 2010 as WikiLeaks unleashed a quarter million cables sent home by Washington's diplomats.

"It made the world bigger," she said. "There have been very few times when an emerging, underdeveloped country like Ecuador has committed an international political act of this potency."

Correa, 49, met the 41-year-old Assange for the first time in May, in a long-distance video hookup, when the Australian ex-hacker interviewed the president for his Kremlin-funded TV program.

"Your WikiLeaks have made us stronger," Correa told Assange. "Welcome to the club of the persecuted."

A month later, Assange was bedding down inside Ecuador's embassy in London.

One cable published by WikiLeaks prompted Correa to expel a U.S. ambassador in 2010 for alleging a former Ecuadorean police chief was corrupt and suggesting Correa had looked the other way.

Correa has spurned U.S.-backed multinational lenders and alienated international capitalists as he courts the likes of Russia, Iran and China. The latter is now Ecuador's main lender and buys most of its oil.

At home, analysts don't think the Assange embrace will have much effect on Correa's high popularity. His approval ratings top 70 percent, in large part due to generous social welfare spending.

Outside is another question.

"It is hard to see how Correa comes out a winner," said Michael Shifter, president of Inter-American Dialogue, a nonpartisan think tank in Washington. "There are no gains, only potential losses."

Adam Isacson of the Washington Office on Latin America said he was surprised by the move.

"Ecuador's diplomatic relations with Europe, especially the U.K., are in danger of collapsing," he said.

Engel expects the decision will alienate the U.S. Congress, prompting it to vote against renewal of the Andean Trade Preference Act, which allows Ecuadorean goods into the United States free of tariffs.

Forty-five percent of Ecuador's exports go to the U.S., accounting for about 400,000 jobs.

Trade with Sweden and Britain, by contrast, are a piddling. Ecuador exported $23 million in goods, mostly food, to Sweden and $134 million in goods to Britain last year. Sweden doesn't even have an embassy in Ecuador.

A preferential trade pact with the European Union expires at the end of 2013 and if it's not renewed Ecuador's exports could be cut 4 percent, costing it jobs. Talks on renewing that pact already have been stalled for six months.

Correa, in typical fashion, proclaims that he doesn't want a free trade agreement. He wants a different sort of pact, one that would protect Ecuador's weaker agricultural and manufacturing sectors.

It's a bit like Correa's proposal for preventing oil development in Ecuador's pristine Yasuni rainforest reserve. He has been asking European nations to pay Ecuador not to drill in the reserve.

So far, commitments have been few.

___

Associated Press writers Gonzalo Solano in Quito, Ecuador; Michael Warren in Buenos Aires, Argentina; Vivian Sequera in Bogota, Colombia; Karl Ritter in Stockholm and David Stringer in London contributed to this report.

Source: http://news.yahoo.com/ecuador-leader-seeks-moral-halo-asylum-fight-072346607.html

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This Could Be the Easiest Way to Make a Stuffed Burger [Daily Desired]

Burger stuffed with peppers. Burger stuffed with mushrooms. Burger stuffed with cheese. Sounds like a restaurant menu, but with Cat Cobra by Star Fruit's new 2-in-1 Burger Press you can actually fill your patties with whatever accoutrements you want. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/Zyz8wq7znv8/this-could-be-the-easiest-way-to-make-a-stuffed-burger

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Verdict, protests loom for Russia's jailed punks

A masked demonstrator stands in front of a placard reading: 'Justice' in support of the Russian punk group Pussy Riot during a protest outside Spain's Foreign Office in Madrid Thursday Aug. 16, 2012. Three members of Pussy Riot were jailed in March and charged with hooliganism motivated by religious hatred after their punk performance against President Putin in Moscow?s main cathedral. They are awaiting the verdict on Friday, Aug. 17, 2012 (AP Photo/Paul White)

A masked demonstrator stands in front of a placard reading: 'Justice' in support of the Russian punk group Pussy Riot during a protest outside Spain's Foreign Office in Madrid Thursday Aug. 16, 2012. Three members of Pussy Riot were jailed in March and charged with hooliganism motivated by religious hatred after their punk performance against President Putin in Moscow?s main cathedral. They are awaiting the verdict on Friday, Aug. 17, 2012 (AP Photo/Paul White)

Pussy Riot punk group supporters place masks on a monument to WWII heroes to resemble Pussy Riot members, at an underground station in Moscow on Friday, Aug. 17, 2012. Three group members who were jailed in March following a guerrilla performance denouncing President Vladimir Putin in Moscow's main cathedral have unwillingly emerged as vivid ? and very different ? characters. They await a verdict Friday on charges of hooliganism motivated by religious hatred. (AP Photo/Yevgeny Feldman, Novaya Gazeta)

FILE In this Wednesday, Aug. 8, 2012 file photo feminist punk group Pussy Riot members, from left, Nadezhda Tolokonnikova, Maria Alekhina and Yekaterina Samutsevich sit in a glass cage at a court room in Moscow, Russia. Three members of Pussy Riot were jailed in March and charged with hooliganism motivated by religious hatred after their punk performance against President Putin in Moscow?s main cathedral. Theyare awaiting the verdict on Friday, Aug. 17, 2012. (AP Photo/Misha Japaridze, file)

MOSCOW (AP) ? Security is tight around a Moscow courthouse where three members of the feminist punk band Pussy Riot are to hear the verdict Friday in a trial that could send them to prison for seven years.

The case has attracted international attention as an emblem of Russia's intolerance of dissent. The three women have been jailed since March after the band put on a brief guerrilla performance in Moscow's main cathedral, a so-called punk prayer entreating the Virgin Mary to protect Russia from Vladimir Putin, who at the time was on the verge of winning a new term as Russian president.

The women, two of whom have young children, are charged with hooliganism connected to religious hatred. But the case is widely seen as a warning that authorities will tolerate opposition only under tightly controlled conditions.

It also underlines the vast influence of the Russian Orthodox Church. Although church and state are formally separate, the church identifies itself as the heart of Russian national identity and critics say its strength effectively makes it a quasi-state entity.

Protests timed to just before the verdict or soon afterward are planned in more than three dozen cities worldwide.

Prosecutors have asked for three-year sentences, down from the possible seven-year maximum and Putin himself has said he hopes the sentencing is not "too severe."

Celebrities including Paul McCartney, Madonna and Bjork have called for them to be freed, and protests are planned around the world Friday.

The women "hope for an acquittal but they are ready to continue to fight," defense lawyer Nikolai Polozov said outside the court building, where there was a heavy police presence

Acquittal appeared unlikely. But even if the women are sentenced only to time already served, the case has already strongly clouded Russia's esteem overseas and stoked the resentment of opposition partisans who have turned out in a series of massive rallies since last winter.

The case comes in the wake of several recently passed laws cracking down on opposition, including one that raised the fine for taking part in an unauthorized demonstrations by 150 times to 300,000 rubles (about $9,000).

Another measure requires non-government organizations that both engage in vaguely defined political activity and receive funding from abroad to register as "foreign agents."

______

Lynn Berry in Moscow contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-08-17-Russia-Punks%20vs%20Putin/id-a44b5ce8ff9e4736aab54c34a47b9625

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