World News

By admin • January 28th, 2009

Source: Financial Times
Call for teamwork on global stimulus
Governments are not doing enough to co-operate on rebuilding troubled financial systems and fiscal stimulus packages alone will not boost economic growth, according to the heads of the International Monetary Fund and the World Bank.
Robert Zoellick, president of the World Bank, said on Monday that pumping government money [...]

Source: Bloomberg
At least 21,000 jobs were targeted for elimination yesterday as employers from Hertz Global Holdings Inc. to Advanced Micro Devices Inc. grappled with recession-choked demand.
More than 20 companies said they were cutting jobs, ranging from Amonil SA, Romania’s second-biggest fertilizer maker, to Fiat SpA’s Magneti Marelli auto-parts division. Hertz, the second-largest U.S. rental-car company, [...]

The NSA’s colossal Cray supercomputer, code-named the ‘Black Widow,’ scans millions of domestic and international phone calls and e-mails every hour. . . . The Black Widow, performing hundreds of trillions of calculations per second, searches through and reassembles key words and patterns, across many languages.’
Barack Obama will be in charge of the biggest domestic [...]

The Pentagon plans to make a large arms delivery to Israel, rising fears that the military campaign in Gaza will go on for a long time.
The US is trying to hire a merchant ship that can carry hundreds of tons of weapons from Greece to Israel later this month; Reuters reported citing tender documents [...]

CAPE CANAVERAL, Fla. - The space station’s new robot remained without power because of a cable design flaw Friday as flight controllers devised yet another plan to get electricity flowing to the machine’s various joints and electronics.
Engineers believe the problem is with a cable that wasn’t designed properly. Engineers on the ground put in the [...]