Coming from Africa, I pride the upcoming World Cup in South Africa. The 2010 World Cup puts Africa on the World Map and shows the world what really Africa is capable of. It does not only affect South Africa, but also other countries in the region. The biggest revenue generator will be tourism as Africa has World Class Tourist destination such as the Masaai Mara in Kenya, which is deemed to be the World's Largest Game Reserve. Here is a Promo Video from South Africa Tourism Board
Pakistani Troops have captured the key town of Kotkai. Troops took the town after days of bombardments, officials said. Three soldiers and four Taliban were reported killed in the fighting overnight.Kotkai, home to top Taliban leader Hakimullah Mehsud, has seen fierce fighting since Pakistan launched its South Waziristan offensive last week.
Journalists are being denied access to the area and cannot verify the reports. South Waziristan is considered to be the main sanctuary for Islamic militants outside Afghanistan.
Pakistan launched its offensive after a wave of militant attacks, believed to have been orchestrated from South Waziristan, killed more than 150 people.
This is something very bizarre.- BBC.COM- Hundreds of people in Somalia have been forced to watch Islamist militants executing two people accused of spying. People in Merca said al-Shabaab militia patrolled the town with loudspeakers, demanding they attend the executions.The militants also ordered schools to close for the day as they were keen for children to watch the two men being shot dead by a firing squad.
Most of those at the execution, on a patch of open ground, are reported to have been women and children. It is becoming something of a pattern for al-Shabaab to encourage young people to engage in violence. It recently organised a quiz for young men in the southern town of Kismayo.The prizes included AK-47 assault rifles, hand grenades and anti-tank mines. The aim, said al-Shabaab, was to stop young men from wasting time, and to focus on important things like defending their territory and their religion. At the prize-giving ceremony, which was attended by hundreds of people, the militants urged parents to teach their children to handle weapons at an early age. Somali children's rights groups say al-Shabaab is intent on brainwashing the young to believe in violent Islamism. In this way, it can ensure it has a steady supply of recruits, ready to fight for its aim of establishing extreme Islamist rule, not only in Somalia but far beyond its borders.
From CNN.COM- President Obama has declared a national emergency to deal with the "rapid increase in illness" from the H1N1 influenza virus. "The 2009 H1N1 pandemic continues to evolve. The rates of illness continue to rise rapidly within many communities across the nation, and the potential exists for the pandemic to overburden health care resources in some localities," Obama said in a statement.
"Thus, in recognition of the continuing progression of the pandemic, and in further preparation as a nation, we are taking additional steps to facilitate our response." The president signed the declaration late Friday and announced it Saturday.
Calling the emergency declaration "an important tool in our kit going forward," one administration official called Obama's action a "proactive measure that's not in response to any new development."
Here is a video from CNN outlining some simple steps one can take during symptoms of H1N1
Persistent rain in New York forced the postponement of Game Six of the American League Championship Series between the Yankees and the Los Angeles Angels on Saturday. The game was called off around two hours before its scheduled game time and has been rescheduled for Sunday with an 8:20 p.m. start time (0020 GMT). Game Seven, if necessary, would be played on Monday with first pitch at 7:57 p.m.
The Yankees lead the best-of-seven series 3-2, needing one more victory to reach the World Series against National League champion Philadelphia Phillies. New York manager Joe Girardi said he was sticking with left-hander Andy Pettitte as his Game Six starter, even though the rainout meant that ace CC Sabathia would have been available to take the mound on full rest.Los Angeles skipper Mike Scioscia said he was keeping his pitching options open in the potential elimination game for the Angels, who are expected to start left-hander Joe Saunders.
A team from the U.N. nuclear watchdog inspected a nuclear site in Iran on Sunday that has heightened Western fears of a covert program to develop atomic bombs, the semi-official Mehr news agency reported. Iran added to global concerns over its nuclear intentions in September by revealing the existence of the site in central Iran after Western spy services penetrated a three-year veil of secrecy.
The IAEA inspectors arrived in Iran early on Sunday to examine the site, under construction 160 km (100 miles) south of Tehran.
Refined uranium can be used to fuel nuclear power plants and also to provide material for bombs if enriched further. Iran, which says it wants only peaceful nuclear energy, agreed to open the new site to monitoring at talks with six world powers -- the United States, Germany, France, Russia, China and Britain -- held in Geneva on October 1.
Many of the world's wealthiest investors remain traumatized by the losses they sustained during the financial crisis and are clutching on to safe, low-yielding assets rather than taking any risks. Wealth managers say that even after a 75 percent rise in world stocks since March, a lot of clients' money has yet to move. Investors have, in the words of one strategist, become "structurally risk averse."
That is prompting investment managers to seek creative ways to unleash funds held in safe cash positions, and may be the key to sustaining this year's rally in stocks and riskier assets.Managers are enticing clients with guarantees of investment capital or by offering other rewards to make losses less likely.
It is a phenomenon similar to that seen in 2002-03 when investors were reeling from the bursting of the internet stocks bubble. So some may even have been twice burned.How much is tied up is difficult to ascertain. Fund tracker EPFR Global reckons that some 94 percent of the net flows to U.S. money market funds it tracked in 2008 has already exited.
But going further back, it says U.S. money funds that report weekly took in a net $191 billion in 2007 as a whole. That suggests that the cash unwinding of the past two years is at most only two thirds through.
Reuters.com
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