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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.



Police Officers attacked in Lisnaskea in County Fermanagh PDF Print E-mail
News from Ireland
Written by Hugh   

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Monday, 18 August 2008 11:55

Two police officers were attacked and slightly injured while patrolling on the Main Street in the Drumhaw area of Lisnaskea in County Fermanagh.  This incident marks the second attack on police in the county in the last three months.   The improvised rocket propelled grenade failed to explode when it was launched at the three man patrol. 

The officers were patrolling as part of a "Neighbourhood Beat" initiative.  The attack occurred near a Maxol filling/gas station.  The officers stood under a street light as they recorded the seizure of alcohol from some under-aged drinkers.   A car believed to be a white Ford Escord approached from the north, the direction of the Maguiresbridge or Brookeborough roads.  The car entered the filling station directly opposite from where the officers were standing.   Apparently, the driver of the vehicle got out and took an improvised rocket propelled grenade launcher from the back of the Escort.  He mounted the device on his shoulder and attempted to shoot at the officers.  The attempt failed as the grenade remained in the launcher.

Two officers were taken to hospital with shock; one sustained minor injuries.  A spokesman for the PSNI stated that a dissident republican group had used the plastic explosion Semtex in the attack.  A unionist assembly member, Tom Elliot, has suggested that the British Army be redeployed to counter such attacks.  The Army was withdrawn in the summer of 2007.   The Semtex is believed to be from old stock left over from the IRA campaign during 'The Troubles.'  Police continue to investigate the attack.  Police are continuing the investigation into the attack.

 
Britain on a roll at the Beijing Olympics PDF Print E-mail
Archived News
Written by Hugh McManus   

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Monday, 18 August 2008 11:50
August 18, 2008: Great Britain has now secured more Olympic Gold Medals than at any time since 1920.  The accomplishment is largely credited to the cycling team which has secured over 40% of the total medal tally.  Jim Lampley, an NBC sports commentator wryly commented "Now, if only the games had snooker, darts and a dog show." 
 
President Musfharraf announces resignation PDF Print E-mail
Archived News
Written by Hugh McManus   

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Monday, 18 August 2008 11:45
August 18, 2008: President Pervez Musharraf announced that he will resign as President of Pakistan just days ahead of the start of impeachment proceedings against him.  Musharraf stated that he wanted to save Pakistan from a dangerous power struggle.  Widespread celebration greeted the news.
 
Olympic Games Medal Tally for August 18 PDF Print E-mail
Archived News
Written by Hugh McManus   

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Monday, 18 August 2008 09:31

August 18, 2008:  Once again, there's no change in the overall medal rankings.  China still dominates in the Gold Medal count, while the US has a slight lead in the overall medal total.  Britain is still third based on Gold Medals and is number six in the total number of medals won.  Seventy-two nations have now won medals as the XXIX Olympiad.

The sixth column gives the total number of medals won for each country, while in column seven three points are awarded for each Gold, two for a Silver, One for a Bronze, then the total number of points for each country is summed up.

The medal tally table follows.

Read more...
 
Olympic Games Medal Tally for August 17 PDF Print E-mail
Archived News
Written by Hugh McManus   

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Sunday, 17 August 2008 10:09

August 17, 2008:  Nothing has happened in the numbers 1 and 2 spots.  The US started to close the gap earlier in the day, but then the Chinese team came roaring back ensuring they had a dominant position in the Gold Medal tally.  China still leads in Gold Medals with 35 to 19 for the US.  Team USA has garnered the most medals of an country with 65 to China's 61. 

The big news in today's games has been the performance of Great Britain, which is now in third place in the overall Gold Medal count and is tied for fourth place overall.  Britain has performed extremely well in cycling with 40% of its medal count coming from this sport.  The NBC sports commentator Jim Lampley, when talking about Britain's remarkable resurgence said, "Now, if only the games had snooker, darts and a dog show." 

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Phelps wins eighth Gold Medal for a new record PDF Print E-mail
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Written by Hugh McManus   

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Saturday, 16 August 2008 23:41
August 17, 2008: Michael Phelps has won eight Gold Medals at the Beijing Olympic Games.  His eighth medal came in the men's four by one hundred meter medley.  Phelps has now won more Gold Medals at a single Olympics than any other athlete, surpassing Mark Spitz's record of seven earned at the Munich Olympics in 1972.
 
Foreigners snap up property in Ireland PDF Print E-mail
News from Ireland
Written by Hugh McManus   

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Saturday, 16 August 2008 20:13

The Irish Mortgage Corporation has published figures that show a surge in the number of non-nationals purchasing homes.  As the housing market softens dramatically, first time buyers, born in Ireland have pulled out of the market, but those from overseas are grabbing property at an accelerated rate.  Five percent of homes are being snapped up by non-nationals from Africa; while one in fourteen first-time buyers are originally from Asia.  About 25% of first-time buyers are non-nationals compared to ten percent three years ago.

 
Passengers avoid calamity as Irish train hits landslide PDF Print E-mail
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News from Ireland
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Saturday, 16 August 2008 19:59

As torrential rain continues to hit Ireland, hundreds of passengers on a Dublin to Cork train narrowly missed a serious accident due to a derailment triggered by a landslide.  The 11 a.m. train departed Dublin and ran into trouble in Portarlington in County Laois.  Portarlington is a main focal point for the Irish rail network, serving as a junciton for the westerly routes to Galway and Mayo and the main southern route to Cork.

The engine derailed as it hit the debris strewn across the tracks from the landslide.  Fortunately, no one on the train was injured.  Following the incident, the engineer is being treated for shock.

 
Yet another reason never to invest in gold PDF Print E-mail
Financial News
Written by Hugh McManus   

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Saturday, 16 August 2008 18:36

Gold is easily one of the dumbest investments, but it doesn't stop people lining up to buy it when it reaches a multi-year high.  If you live in the US--and drive at night--it's hard to miss those late night infomercials on the AM dial.  "Experts" discuss the merits of gold, advising the gullible to "invest" their hard earned money into the commodity.

Recently the price of gold, based on dollars per ounce, has fallen to under $800.  (Since this article was first published, gold has pushed through $1,000 an ounce–big deal)

At face value, gold would seem like a good investment.  After all, nations such as Spain created a huge empire based on the precious metal.  For many years, currency was backed by gold.  Since gold has been around so long, it's pretty easy to value the metal over time.  Adjusting for inflation, one can go back hundreds of years and discover that gold is a really poor investment.  It's volatile too; the price tends to surge when there is fear of inflation or an economic down turn.  Even if one were to buy gold at a low and sell it a the height of its value, it still doesn't beat the return one could get in a broadly diversified portfolio of common stocks or even bonds.  Frankly, there are many money market accounts that outperform gold.

As I have written before, gold belongs in electronic circuits, jewelry, catalytic convertors, even in your teeth: it doesn't belong in a serious investment portfolio.

You can read a related article on investing in gold by clicking here.

 
Police in Northern Ireland track down remnants of the IRA PDF Print E-mail
News from Ireland
Written by Hugh   

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Saturday, 16 August 2008 18:05
Police in the north of Ireland have just concluded a widespread search in an effort to track down dissident members of the IRA.  The searches were carried out by detectives from the Crime Operations Department of the Police Service of Northern Ireland.   Two men in Belfast were arrested and later released without charges.  Searches were carried out in County Fermanagh in the towns of Enniskillen and Irvinestown and in Drumquin in County Tyrone.  Police were reported to have confiscated undisclosed items as part of the ongoing investigation.
 
Devastating floods in the north of Ireland PDF Print E-mail
News from Ireland
Written by Hugh   

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Saturday, 16 August 2008 16:53

Widespread flooding has brought many parts of the north of Ireland to a standstill.  Two major bridges have collapse and almost forty major roads including part of the M1 Motorway, have been shut down.  Flooding was pronounced in and around Belfast and counties Down, Armagh and Antrim.   The Broadway Underpass is under 15 feet of water; in County Laois to the south, a train derailed following a landslide.

Police have asked people in affected areas not to venture out of their homes unless it's absolutely necessary.  Roads have been damaged and man hole covers washed away making travel hazardous.  Police and rescue services are overwhelmed.

The flooding was triggered by about three weeks of exception weather; some places in Antrim and Down saw two thirds of the August monthly rainfall occur in a single day.  Heavy rain is expected to continue for the next ten days.

 
Stocks to watch on Monday PDF Print E-mail
Financial News
Written by Hugh   

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Saturday, 16 August 2008 13:28

Stocks to watch on Monday include discount broker Charles Schwab and fast-food restaurant chain Wendy's.

Charles Schwab [NASDAQ:SCHW] along with Fidelity are going to be the target of an investigation by Andrew Cuomo, Attorney General for the State of New York.  The focus of the inquiry is the sale of auction rate securities. 

Lowe's [NYSE:LOW] reports second-quarter earnings on Monday.  Lowe's a supplier into the homebuilding and maintenance industries is expected to be affected by the housing downturn.

Hershey Co. [NYSE:HSY] lowered its earnings forecast on Friday after the markets closed.   The company also announced plans to raise wholesale prices to offset increases in the cost of supplies.

Finally Triarc Cos. [NYSE:TRY], owner of fast-food chain Arby's, has tendered an offer of $2.3 billion to purchase rival Wendy's [NYSE:WEN].  Wendy's shareholders will vote on the offer at a meeting in Dublin, OH on September 15.

 
World's Largest Earthquake Preparedness Drill PDF Print E-mail
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Saturday, 16 August 2008 12:07
August 16, 2008: Southern Californian residents are being urged to enroll in the largest earthquake preparedness drill ever held.  The event will take place on November 13.  The drill is designed to prepare people for a 7.8 magnitude shaker featured in the drill.  This hypothetical quake is almost 5,000 larger than the one that struck on July 29.  To enroll, please go to www.ShakeOut.org/register and be ready to be your own FEMA!
 
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