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The News

Contains news articles on many different topics.  There's general news, of course, then selected items from, about or related to Ireland.  There's news on Irish Wolfhounds and Science and Technology and finally, there's Financial News.  This Day in History has been moved to its own submenu.  The topic is being populated with articles and should be available for registered users on January 1, 2009.



IRA Army Council is no more PDF Print E-mail
News from Ireland
Written by Hugh McManus   

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Friday, 12 September 2008 06:00
The Independent Monitoring Commission has reported that the IRA has disbanded its operational infrastructure.  The Provisional IRA Army Council directed most of that organization's campaign during the Troubles in the North.  The Commission reported that the organizational has been disbanded.
 
Irish don't believe that cheating on taxes is a big issue PDF Print E-mail
News from Ireland
Written by Hugh McManus   

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Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /hermes/bosnacweb08/bosnacweb08az/b29/ipw.wellbeyo/public_html/libraries/joomla/utilities/date.php on line 247

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /hermes/bosnacweb08/bosnacweb08az/b29/ipw.wellbeyo/public_html/libraries/joomla/utilities/date.php on line 251

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Thursday, 11 September 2008 12:00
A new study of Irish tax payers revealed that most people don't believe that cheating on taxes is a major issue.  The global survey, carried out by a team from the University of Limerick, revealed that the Irish have a much higher tolerance for tax evaders than do citizens in the UK, France of the United States. 
 
Garda to analyze hand writing after hoax on Aer Lingus plane PDF Print E-mail
News from Ireland
Written by Hugh McManus   

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Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /hermes/bosnacweb08/bosnacweb08az/b29/ipw.wellbeyo/public_html/libraries/joomla/utilities/date.php on line 247

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /hermes/bosnacweb08/bosnacweb08az/b29/ipw.wellbeyo/public_html/libraries/joomla/utilities/date.php on line 251

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Thursday, 11 September 2008 11:00
The Garda required the 223 passengers on board an Aer Lingus flight, EI 108, bound from New York to Dublin.  A member of the crew reported finding a note, written on a paper towel, with a threatening message about a bomb on board the aircraft.  The message was a hoax.  All passengers were interviewed when the plane landed on Dublin, but no suspect was identified; however, the Garda requested samples of handwriting from each of the people interviewed.
 
Fire at St. David's industrial school destroys the church PDF Print E-mail
News from Ireland
Written by Hugh McManus   

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Thursday, 11 September 2008 10:00
The church attached to St. David's industrial school was destroyed in a fire earlier in the week.  In the past, the church was used as a practice facility by the Artane Band.   The fire occurred in the evening of December 7 and was tackled by the Dublin Fire Brigade.
 
Three Islamic extremists in Britain found guilty of bombing plot PDF Print E-mail
Archived News
Written by Hugh McManus   

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Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /hermes/bosnacweb08/bosnacweb08az/b29/ipw.wellbeyo/public_html/libraries/joomla/utilities/date.php on line 247

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /hermes/bosnacweb08/bosnacweb08az/b29/ipw.wellbeyo/public_html/libraries/joomla/utilities/date.php on line 251

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Thursday, 11 September 2008 07:00

September 11, 2008: Three men in Britain, described in the media as Islamic extremists, have been found guilty of plotting a terrorist bombing campaign that could have killed many hundred people in Britain.  The terror cell was based in east London. 

 
Solution to Starbucks' problems: try selling coffee PDF Print E-mail
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Hugh's Views
Written by Hugh McManus   

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Thursday, 11 September 2008 06:00

On the face of it, a coffee shop selling actual coffee seems like a no brainer, but recently, Starbucks seems [NASDAQ:SBUX] to have abandoned that practice.

The company has floundered lately; for the past twelve months, the stock has fallen from about $28 a share to around $15: a lot way from its long-time high of $40 in late 2006.  The value of the stock is now back where it was over five years ago.  The company appears to have fundamental operational issues.  While revenues continue to grow, the rate of growth is slowing.  Earnings growth is declining too.  In fact, for the quarter that ended on June 29, the company posted a loss.

Read more...
 
More bad news for Washington Mutual PDF Print E-mail
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Hugh's Views
Written by Hugh McManus   

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Wednesday, 10 September 2008 21:42

It looks like I am not the only one with concerns about Washington Mutual [NYSE:WM].  S&P lowered the outlook on the company--maybe it needs to dig into the tranches of the bank's CDOs, the risk doesn't seem to be calculated appropriately given the fault rate of the loans covered in the obligations.  I mentioned the credit default swaps yesterday; they've jumped by another 400 basis points.  If WaMu needs to raise cash, it's going to find it very challenging.  Today the shares dropped by 30% to $2.32.

Read more...
 
Living Portuguese Man O' War found in Irish coastal waters PDF Print E-mail
News from Ireland
Written by Hugh McManus   

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Wednesday, 10 September 2008 21:40
A Portuguese Man O' War was found in a lobster pot off the coast of Kerry coast.  The creature, a siphonophore rather than a jellyfish, is found all over the world but in warm waters.  The Man O'War has poisonous tentacles which can cause intense pain in humans that last close an hour.  For healthy people, the sting, though very uncomfortable, is seldom fatal.   Since it seldom travels alone, more Man O'Wars are expected in the coming weeks.  Indigenous to more tropical climes, the appearance of the creature in the relative cold waters of Ireland could be an indication of global warming.
 
Iridium Meets Busy Hurricane Season Demand PDF Print E-mail
Archived News
Written by Iridium Satellite   

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Wednesday, 10 September 2008 21:25

September 11, 2008: Bethesda, Maryland, Iridium Satellite LLC reports
that its mobile satellite communications service has been providing peak
levels of reliable, critical lifelines to first responders in the Gulf
Coast Region since news of hurricanes Gustav, Hanna and Ike started to
appear.

Read more...
 
Ready for Lift-Off! Virgin Mobile USA to Launch the Shuttle PDF Print E-mail
Archived News
Written by Virgin Mobile   

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Wednesday, 10 September 2008 21:16

September 10, 2008: Warren, NJ Latest news: Video and web
entertainment on a cell phone without the hassle of a contract just got a
whole lot faster. Virgin Mobile USA and Personal Communications Devices,
LLC [PCD] are launching the Shuttle, Virgin Mobile USA's first EV-DO
handset, designed with high performance for data and content in mind.
Available exclusively at Best Buy Mobile and BestBuy.com as of September
28, the Shuttle ushers in a new era of performance for consumers who demand
the flexibility of monthly plans with no contract but also feel the 'need
for speed.'

Read more...
 
WaMu gets an S&P downgrade; is a collapse imminent? PDF Print E-mail
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Hugh's Views
Written by Hugh McManus   

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Wednesday, 10 September 2008 20:34

It looks like I am not the only one with concerns about Washington Mutual.  S&P lowered the outlook on the company--maybe it needs to dig into the tranches of the bank's CDOs, the risk doesn't seem to be calculated appropriately given the fault rate of the loans covered in the obligations.  I mentioned the credit default swaps yesterday; they've jumped by another 400 basis points.  If WaMu needs to raise cash, it's going to find it very challenging.  Today the shares dropped by 30% to $2.32.  In my opinion, WaMu's days are number and collapse is imminent.

Read more...
 
Phase Forward Acquires Clarix PDF Print E-mail
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Financial News
Written by Phase Forward   

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Wednesday, 10 September 2008 11:00

Waltham, MA, September 5, 2008: Phase Forward [NASDAQ:PFWD], a leading provider of data management solutions for clinical trials and drug safety, today announced that it has acquired privately held Clarix LLC, an innovative provider of fully Web-integrated interactive response technology (IRT), for $40 million in cash. Clarix, headquartered in Radnor, Pa., will continue to operate from its existing offices as part of Phase Forward.

Read more...
 
The credit markets have reacted to the seizure of Freddie and Fannie PDF Print E-mail
Hugh's Views
Written by Hugh McManus   

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Wednesday, 10 September 2008 09:04

The credit markets have reacted to the takeover of Fannie Mae and Freddie Mac; they're viewing "conservatorship" as the equivalent of bankruptcy.  It's not, but in the credit default swap markets, that's how it's viewed.  The move by the government is viewed as a 'credit event,' the topic I discussed yesterday in the context of WaMu.

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