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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.



Rice has Georgia on her mind PDF Print E-mail
Archived News
Written by Hugh McManus   

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Wednesday, 13 August 2008 22:43

August 14, 2008: Secretary of State Condoleezza Rice will travel to France and then on to Georgia as President Bush's feet on the street.   France has played in a major role in mediating the conflict between Georgia and its aggressive neighbor, Russia.  The US wishes to show solidarity with Georgia in the wake of the Russian invasion of its neighbor.  Russia has moved deep into this most easterly of European nations raising western fears that the country has a tacit objective of annexing its neighbor.  To date, Russia has indicated it has no such plan.

 
Genentech says no thank-you to Ma Roche PDF Print E-mail
Financial News
Written by Hugh McManus   

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Wednesday, 13 August 2008 22:27
As was anticipated, Genentech [NYSE:DNA] has declined Roche's $43.7 billion offer to merge.  Interesting, the company left open the possibility of a take-over if the purchase price is raised.   Charles Sanders, chair of the committee reviewing the Roche offer said "The special committee is confident in the company's strong financial and clinical momentum and its uniquely productive research and development capabilities, which will continue to enhance shareholder value."  To complete the deal, Roche has to convince a majority of the non-Roche shareholders to vote in favor of the merger.
 
More hospitals decline to bill for serious errors PDF Print E-mail
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Archived News
Written by Hugh McManus   

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Wednesday, 13 August 2008 22:23
August 14, 2008: According to a report on MSNBC.com, more hospitals decline to bill for serious medical errors.  The report, based on analysis of hospital billing, shows that the rate of such billing has dropped since the beginning of 2008.  Many believe that this trend is due to pending decision by Medicare and many health plans which will refuse to pay for serious errors. 
 
Olympic Games Medal Tally for August 13 PDF Print E-mail
Archived News
Written by Hugh McManus   

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Wednesday, 13 August 2008 09:20

August 13, 2008:  China continues to dominate in the Gold Medal category while the United States maintains its lead in the overall medal count.  A total of 50 countries have now won medals at the XXIX Olympic Games.  China continues to receive accolades for its hosting of the Beijing Olympics.  The medal count follows:

The medal tally table follows.

Read more...
 
Chinese government helps mom with ugly child PDF Print E-mail
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Hugh's Views
Written by Hugh McManus   

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Tuesday, 12 August 2008 22:52

Normal mothers--those that don't aspire to be a guest on the Jerry Springer Show--don't tell their ugly daughters that they're ugly.  In China, they wouldn't have to: the government has a program to do it for them.   They take a young, talented girl and train her to sing.  They tell her that she's going to perform in front of over a billion people as the face of China during the Opening Ceremony of the XXIX Beijing Olympic Games.  Then, at the last minute, they let her know she's too ugly to be the face of China and that she is going to be substituted for the real face of China, but at least her voice will be heard.  Apparently, the real face of China can't sing.

It surprises me that people in the West are surprised at the plight of the child performer.  It's China after all; have the media not being paying attention to what goes on there?  That little girl is a living metaphor of the Chinese system--the Mao Dynasty as it were.  The individual is sacrificed for the common good--as determined by the benevolent government.  This is the country that controls the Internet, decides what its people can see.  Apparently, it's decided to control TV content for the rest of the world.

 
Phelps sets Olympic record PDF Print E-mail
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Tuesday, 12 August 2008 22:37
August 12, 2008: Michael Phelps has done it; he has won more Gold medals than any other Olympic athlete.  In Beijing on August 13, he earned his tenth career Gold and fourth in the current games.  His most recent Gold came in the 200 meter butterfly event.
 
Attention Investors: Survivalists hit the headlines PDF Print E-mail
Hugh's Views
Written by Hugh McManus   

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Tuesday, 12 August 2008 22:09

The media announced we were in a recession months ago; the stock market has turned anemic; we've been led to believe that the banking industry is near collapse, is it a good time to buy?  Are we at a bottom?  It's always hard to tell; in fact, the only way to know for sure that we've hit a market bottom is from the comfortable vantage point of a few years in the future.  However, there is one hopeful sign: Nightline--the late night news behemoth on ABC--has run a story on the increase in the number of survivalists.  Convinced that things will get so bad that modern civilization will collapse, a small minority of people hurriedly train and prepare for the worst.  I see this movement as a good sign for investors--long term investors; the growing number of pessimists is a sign that we're getting closer to a turnaround.  What if they're right and the financial system collapses?  Well, it doesn't matter, does it?  What if they're wrong?  I guess that since they weren't around 60 million years ago when the big meteorite hit, they've always been wrong about earth-shattering catastrophes; I'd bet on things getting better.  It's time to build a portfolio, not a bunker.

 
Burger King and its secret sauce PDF Print E-mail
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Archived News
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Tuesday, 12 August 2008 21:47
August 13, 2008: Reality is funnier than fiction.  Apparently, a Burger King employee in Ohio thought it a good idea to take a bubble bath in one of the large stainless steel fast-food store sinks.  In the "it seemed like a good idea at the time" category, the employee, with the screen name "Mr. Unstable," decided to post a video of his ablutions on a MySpace account.  It turns out that people actually view the Internet and some even share their findings with the local health department.  Burger King is now cooperating with local government officials investigating the incident; the restaurant has been decontaminated.  The employees who decided to launch their movie career at Burger King's expense are now doing what most real actors do: looking for a job.
 
II-IV Inc now on Manifest Investing PDF Print E-mail
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Tuesday, 12 August 2008 21:36

II-VI, Inc. [NASDAQ:IIVI] has been a favorite of NAIC (now BetterInvesting) investors on the east coast for years.  Many individuals in New Jersey and Pennsylvania started adding IIVI to their portfolios back in the 1993-95 timeframe.  The company courted individual investors, making presentation at local chapter fairs, chapter meetings and at investment clubs.  Those who invested for the long-run have done well.  Split adjusted, the stock has grown from a price of under $1 to a recent close of $46.67--not bad!

Manifest Investing has included IIVI in its continuous classroom program.  The program itself has run its course, so now is a great time to review the thread.  If you want to learn more about IIVI, then click here.  Now keep in mind that you have to register to use Manifest Investing.  As of writing this article, you can enroll, no questions asked, for a thirty-day trial.  The price is right: it's free!

 
US Airways—Pass the dumb sauce please PDF Print E-mail
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Hugh's Views
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Tuesday, 12 August 2008 21:25
In an effort to ward of bankruptcy, US Airways has charged for checked baggage and starting selling food and soda on the plane.  Things that used to be free are now additional charges.  However, in the category of what the hell are you thinking, US Airways has decided to eliminate a benefit from its most loyal customers: elite level flyers--those that fly up to 100,000 miles a year with the carrier--will no longer earn bonus miles.  Of course, US Airways is the only carrier in the US to attempt this cutback.  It's not as if it represents a savings: the airlines can control how many and how often miles can be redeemed.  Taking away a benefit--a cherished benefit--from the most loyal customers ranks up there with the dumbest business move I've seen.  Move over New Coke, US Airways wants to earn some bragging rights!
 
Dog values man's life more than own his master PDF Print E-mail
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Tuesday, 12 August 2008 18:10
August 12, 2008: Jake Baysinger of La Salle, Colorado committed suicide earlier in the summer, apparently believing that life wasn't worth living.  His loyal German Shepherd, Cash, had another position on the issue, stubbornly guarding the body of his one-time master for six weeks until authorities found his remains.  The dog, dehydrated and emaciated, apparently survived on rabbits and other small animals.  Cash tracked down Kip Konig and kept jumping into the front seat of his pickup truck, telling him something was wrong.  He led Kip to the body.  Authorities believed that Cash had protected the body against marauding coyotes.
 
Osteen's Wife attacks a flight attendant? PDF Print E-mail
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Tuesday, 12 August 2008 18:00

August 12, 2008: The wife of Joel Osteen, the Houston-based pastor of one of the largest evangelical churches in the country, is accused of attacking a Continental Airlines [NYSE:CAL] flight attendant.  Sharon Brown, a Continental employee, testified that Mrs. Osteen verbally and physically abused her in a flight in 2005 from Houston to Vail, Colorado.   The alleged attack was supposedly triggered by the flight attendant's tardy response to clean up a spill on Mrs. Osteen's seat.   Ms. Brown testified that Victoria Osteen threw her against a bathroom door in the forward section of the plane.  Victoria Osteen testified that no such attack took place.

 
How the Irish decided the distance for the Olympic Marathon PDF Print E-mail
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Tuesday, 12 August 2008 16:58

The Marathon is probably the most grueling of all the Olympic competitions.  The event itself is named after the Battle of Marathon, when a Greek solider, Pheidippides, ran 40 km from Marathon to Athens to announce the Greek victory over Persia.  He died after delivering the message.  While the story of Pheidippides may be more myth than reality, the influence of the Irish in determining the distance of today's modern Marathon is not.

The incident took place over one hundred years ago in 1908, when the Olympics in 1908 were staged in London.  The original venue, Rome, was abandoned after an eruption of Mount Vesuvius focused the attention of the Italians on rebuilding Naples.   The distance of the Marathon had been 25 miles, but it was changed to 26 miles at the London Olympics so that the race could start at Windsor Castle, one of the official residences of the king.

The US flag was carried by Ralph Rose, a record setting shot putter.  Many of his colleagues were either Irish--either emigrants or first generation--and refused to allow the American flag to be dipped to honor the British King.  The incident caused serious acrimony between the two nations.  In response, British officials moved the finish line of the Marathon once again to ensure that the event would end in front of the King.   In the words of one of those officials, they "felt compelled to restore the importance of the monarchy."  As a result of these politically motivated maneuvers, the official distance of the Olympic Marathon is now 42.195 km or 26 miles 385 yards.

The tradition continues.  Since the 1908 Olympics, the US flag has never been dipped as a mark of respect to the head of state of the host nation.  In the words of a 1908 track star Martin Sheridan "This flag dips to no earthly king."

 
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