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News Update!
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krisluke
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22-Mar-2011 22:10
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MAP OF THE DAY: The World Water CrisisToday is World Water Day. This marks another year when water gets less attention than oil, and the coming crisis becomes more severe. Through the Middle East and parts of America and Asia, water is a physical scarcity. In Africa and other parts of the southern hemisphere, water is an economic scarcity, which means an adequate supply is not economically feasible. Ban Ki-moon warns: " A shortage of water resources could spell increased conflicts in the future. Population growth will make the problem worse. So will climate change. As the global economy grows, so will its thirst. Many more conflicts lie just over the horizon." |
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krisluke
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22-Mar-2011 22:03
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Politics In 60 Seconds: What You Need To Know Right NowGood morning! Here's what you need to know: 1. Defense Secretary Robert Gates said Monday that the U.S. will lessen its involvement in Libya over the coming days but it remains uncertain who will take control of the no-fly zone. Allied forces remain divided over NATO's role in the conflict - Italy and the U.K. have argued in favor of NATO command while France seems determined to sideline the alliance. 2. U.S. officials say it was " a miracle" Yemen's president still clings to power after a wave of public officials - including the country's senior military leader - defected to the opposition Monday, Karen DeYoung reports for the Washington Post. Of all the political upheavals in the Middle East, the uprising in Yemen - a key counterterrorism ally - could pose the most significant threat to U.S. security interests. 3. Israel launched air strikes in the Gaza Strip Monday night, wounding at least 19 people, in response to weekend mortar attacks by Hamas militants, Reuters reports. The Hamas attacks ended a two-year cease-fire underscore the rising tensions in Gaza. 4. Criticizing NATO-led forces, Afghan President Hamid Karzai announced today that national security forces will soon take control of seven areas around the country, despite fears that corruption and weak military strength could impede the transition. ![]() 5. External power has been reconnected to all six reactors at the Fukushima Daiichi plant, according to the Wall Street Journal. Officials warned that many steps remain before the cooling systems can be turned on, but expressed confidence that they were on track to regain control of the plant. 6. European finance ministers set terms Monday for a future bailout fund able to lend €500 billion to cash-strapped euro-zone states. The key difference between the current, temporary fund is that the new fund requires the 17 euro-zone countries to put up €80 billion in cash. 7. The Social Security Disability Insurance program is set to be the first major federal benefit program to run out of money, the WSJ reports. This is primarily because states - who get to choose who qualifies - are bleeding the funds dry.  8. New York City may need to cut spending by another $600 million, Bloomberg reports. The mayor's budget relied on $400 million in aid and a law ending $200 million in annual payments to retired cops and firefighters, but state lawmakers appear unlikely to approve either proposal. 9. Michigan Gov. Rick Snyder introduced a set of bills yesterday to overhaul local governance and state municipal aid. Snyder - who warns that hundreds of the state's municipalities are at risk for financial collapse - proposes that a new " metropolitan authority" replace existing county and city governments. 10. Mississippi Governor Haley Barbour is embracing his white, Southern, ex-lobbyist background as he tests the waters for a GOP presidential bid in 2012. The Washington Post's Karen Tumulty explores the unlikely candidacy of the ultimate Washington insider. |
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krisluke
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22-Mar-2011 19:13
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do update us on stock picks when you're back. :))   i olso thinky be back in june 2nd quarters...
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krisluke
Supreme |
22-Mar-2011 19:10
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Emerging economies must look after inflationEmerging economies must look after inflation Rising inflation pressures in the emerging economies calls for fiscal and monetary policy adjustments, while fiscal sustainability is not an immediate concern for them, John Lipsky, 1st Deputy Managing Director of the International Monetary Fund (IMF), said Monday. Mr. Lipsky, who is in Beijing for the China Development Forum which opened Sunday, said that accelerating inflation has shown signs of overheating among the emerging economies, and the need is clear for near-term fiscal and monetary policy adjustment. China is “suffering inflation pressure, with its increasing headline inflation index and rapid expansion of some assets prices, especially real estate prices,” he said. However, fiscal sustainability is not a major near-term concern for emerging economies in light of higher fiscal deficits and public debt in many economically advanced countries, Mr. Lipsky said. “In advanced economies, public debt is piling up to unprecedented heights, creating worries about fiscal sustainability. While the situation is quite different in many key emerging economies,” said Mr. Lipsky. IMF analysis indicates that fiscal deficits of advanced economies will average about 7% of gross domestic product (GDP) in Y 2011, and the average public debt ratio will exceed 100% of GDP for the 1st time since the end of World War II. While fiscal deficits in emerging economies fell last year to an average 3% of GDP and the figure will decline again this year. Debt ratios are also much lower than those of advanced economies. China has just announced to lower its budget deficit in Y 2011 to 900B Yuan (US$137B) earlier this month, with the deficit ratio down from 2.5% of GDP in Y 2010 to 2% of GDP this year. “The adjustment is appropriate, and the adjustment in China’s 12th Five-Year Plan” Lipsky said. “The blueprint is challenging, but promising,” he added that the underlining a message in the blueprint is to preserve Strong growth through structural change in the economy. “The plan promises to shift sources of growth, boost domestic demands and create a social safety net, which will in turn reduce the high level of savings and is consistent with the theme of Global rebalance,” he added that the IMF anticipates global growth this year to be about 4.5%, following the 5% gain registered last year. “The IMF is watching the situation in Japan,” he said, adding that although the massive earthquake and tsunami have a negative influence on the Japanese economy, the IMF is still confident that the effect on economic growth will be contained if the nuclear leak is controlled in time. |
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krisluke
Supreme |
22-Mar-2011 19:09
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South Korea imports less Japanese fishSouth Korea imports less Japanese fish products after earthquake South Korea’s imports of Japanese fishery products have dropped significantly in the wake of the devastating earthquake and tsunami that have turned into a nuclear crisis, according to the Korea Customs Service Tuesday. The Korea Customs Service said that the country’s average imports of Japanese fishery products per day were US$2.78M between March 14 and March 18, down nearly 20% from US$3.41M reported before the earthquake in Japan. Imports have further declined after the news about agricultural products tainted with above-normal radiation near the Fukushima nuclear plant. Last weekend, imports of fishery goods from Japan reached US$255,000, far below the average weekend imports of US$584,000, according to the Korea Customs Service. South Korean retailers, meanwhile, have decided to suspend sales of fishery products imported from Japan in a bid to ease growing consumer fears about radiation poisoning. Local discount retail chain Lotte Mart said Monday that it will halt sales of pollack, mainly imported from Japan. Shinsegae Department Store, the country’s 3rd largest department store, has tentatively stopped importing of fishery products from Japan after the earthquake. |
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krisluke
Supreme |
22-Mar-2011 19:08
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ya. it true. trading volume is light. maybe heavy on policy maker news this week.![]()
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risktaker
Supreme |
22-Mar-2011 19:07
![]() Yells: "Sometimes you think you know, but in fact you dont" |
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bye guys gonna go for a break :P have fun.... when I return ... the bull run shall begin. | ||||
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krisluke
Supreme |
22-Mar-2011 19:06
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Rally Despite Black Swan EventsThis year markets have contended with the ouster of Egyptian President Hosni Mubarak, battles between forces loyal to Libyan leader Muammar Qaddafi and rebels, protests in Saudi Arabia, Bahrain and Yemen, Crude Oil above 100 a barrel, record-high food costs and a magnitude 9.0 earthquake in Japan that killed more than 8,000 people and crippled a nuclear power plant. The events haven’t dented manufacturing that’s expanding Worldwide. The Institute for Supply Management’s US factory index for the US rose to 61.4 in February, the highest level since May 2004. China said in January that industrial production rose 13.5% in Y 2010, while growth in Europes service and manufacturing industries accelerated to the fastest pace in more than 4 yrs last month, led by Germany. Global markets have signaled that sustained economic growth will more than make up for Japan’s worst disaster since World War II, rising commodity prices, and uprisings throughout the MENA region. Interest-rate derivatives, bond sales by the riskiest borrowers and rebounding benchmark stock indexes all show increasing confidence in the economy. New York-based JPMorgan Chase & Co.(NYSE:JPM) is putting up US$20B of its own money in a short-term loan to finance AT& T Inc. (NYSE:T)’s US$39B bid for Deutsche Telecom AG’s T-Mobile business. Manufacturing strength from the US to Germany and China is giving economists more confidence that the recovery from the worst financial crisis since the Great Depression will continue. Goldman Sachs Group Inc. (NYSE:GS) forecasts a global expansion of 4.8% this year, while JPMorgan calls for 4.4%. The average over the past 20 yrs is 3.4%. Markets have consistently rallied amid those shocks, called “Black Swan” events by Nassim Nichola Taleb the New York University professor and principal at Universa Investments LP. Taleb’s Y 2007 best selling book, “The Black Swan,” showed history is full of events that can’t be predicted by trends. The term refers to the belief that only white swans existed, until Black ones were discovered in Australia in Y 1697. |
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krisluke
Supreme |
22-Mar-2011 19:05
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Gaddafi sitting on tonnes of GoldCol. Gaddafi sitting on tonnes of Gold The International community has sanctioned Col. Muammer Gaddafi and frozen his assets with an aim at cutting off his funding. But the Libyan Strongman is sitting on tonnes of Gold The Libyan central bank, which is under Col Gaddafi’s control, holds 143.8 tonnes of Gold, according to the latest data from the International Monetary Fund, although some suspect the true amount could be much, much more. Those reserves, among the top 25 in the World, are worth more than US$6.5B at the current price, enough to field and cover a small army of mercenaries for months or even years. While many central banks hold their Gold reserves in international vaults in London, New York or Switzerland, Libya’s Bullion is in Country, said people familiar with the country’s activities in the Gold market. US and European governments have frozen billions of dollars in Libyan assets, as sanctions have hit the Central Bank, Sovereign Wealth Fund and the State Oil Company. Never the less, Libya’s Gold reserves could provide Col. Gaddafi with a lifeline, if he can sell them. To raise large amounts of money, bankers said, Col Gaddafi would have to transport the bullion out of Libya, that may be a bit difficult. The political turbulence in the MENA region, besides helping boost the price of Gold to a record 1,444 oz, has highlighted the property that has for centuries made Gold so appealing to bandits, players, investors and dictators alike: it does not rely on a government for its value. Stay tuned… Paul A. Ebeling, Jnr. |
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risktaker
Supreme |
22-Mar-2011 19:03
![]() Yells: "Sometimes you think you know, but in fact you dont" |
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How many really brought @ monday ?
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krisluke
Supreme |
22-Mar-2011 19:01
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Icy rain and fuel shortages hamper relief to quake-hit Japan
Elderly Japanese people receive medical treatment at an evacuation shelter in Kesennuma
  KESENNUMA, Japan (Reuters) - Fuel shortages, icy rain and power outages are hampering Japan's worst humanitarian crisis since World War Two, but relief workers are reporting some progress as mangled roads are reopened and new homes built.   The sheer numbers in the world's costliest natural disaster -- estimated at $250 billion (153 billion pounds) -- remain staggering. There are about 21,000 dead or missing, 319,000 people evacuated, 2,131 makeshift shelters, 2.4 million people without access to water and 221,000 households without power.   " There is some improvement in terms of logistics and in getting food and other supplies," said Francis Markus of the International Federation of Red Cross and Red Crescent Societies delegation in Tokyo.   " But it is still very difficult."   Rain grounded helicopters loaded with supplies this week, forcing authorities to rely on roads and delaying aid, said the U.N. Office for the Coordination of Humanitarian Affairs. Access to water " remains a concern" in 11 prefectures, it added.   Makeshift evacuation centres, packed with hundreds of shell-shocked survivors sleeping side-by-side for more than a week, are orderly but clearly deteriorating in some regions, beset by cases of diarrhoea, influenza, stress and fatigue.   " The only thing we can do is stick it out," said Takeshi Murakami, 67, in Kesennuma in devastated Miyagi prefecture whose governor reckons as many as 15,000 people were killed by the March 11 quake and tsunami.   Murakami is staying in a school gym with about 450 others, down from a peak of about 800 people last week. Hastily gathered possessions are folded in tidy bundles next to sleeping bags. Most escaped only with the clothes on their back. Few have bathed since the 9.0 tremor.   Sleep at the shelter is often interrupted by the screams of an Alzheimer sufferer during the night. Evacuees use portable toilets outside the gym. In one section, the elderly lie on mats on the wooden floor, receiving intravenous drips.   Telephone companies provide free services at the gym, where an entire wall is jammed with notices posted by people seeking help to find the missing. Without television, there is little to do but talk, grieve and wait. Many huddle around heaters.   " There is no privacy but you have to get used to it," said Keiichi Kato, 49, who ran a children's clothing store before it was obliterated, replaced by four washed up fishing trawlers.   SLOW PROGRESS   There is progress. The Tohoku Expressway connecting Tokyo with quake-hit areas has re-opened to trucks. In Rikuzentakata, where more than 80 percent of the estimated 8,000 households were swept away, temporary homes are now being built.   About 5.5 million meals, 380,000 blankets and 90,000 diapers had been distributed across the tsunami-ravaged region as of Monday, according to the U.N. Office for the Coordination of Humanitarian Affairs.   But it was unclear how many people these had reached.   An official at the Disaster Relief Headquarters in northern Iwate prefecture, where 45,687 people were living in evacuation centres as of Monday, said a shortage of fuel was preventing aid from reaching hard-hit remote areas.   " Relief goods are being sent to evacuation centres but because of a shortage of fuel there's certainly not enough and there are places that goods are not reaching," he said.   " There are many places without electricity," he added. " Some people (in evacuation centres) are becoming ill."   The U.N. humanitarian office reported trouble caring for the disabled, especially the hearing impaired who in high-tech Japan rely on e-mails sent by mobile phone to communicate. Much of the mobile phone network remains down.   " The psychological toll on those who survived the disaster and are now in evacuation centres is becoming more apparent. Many evacuees, including children, are suffering from post-traumatic stress disorders," the U.N. agency said.   It is unclear how long people will stay in the shelters. An exasperated Yoshihiro Murai, governor of Miyagi, last week asked earthquake and tsunami victims to leave the prefecture due to a shortage in housing. Some are quietly heeding his call.   About 10,000 people, on average, are leaving evacuation centres a day, according to U.N. data. The Red Cross's Markus said many are heading to homes of people not affected by the disaster who have offered to take in survivors.   But some shelters remain over-crowded. At a sports arena in Minamisanriku, a town in Miyagi prefecture that lost about half its population, survivors are sprawled out on blankets on the floor, separated by knee-high cardboard walls.   About 1,500 evacuees are staying there. About 20 left when relatives managed to buy fuel and pick them up. Staff say the centre exceeds capacity. Nearby evacuation centres are also crowded.   Many wear surgical masks and wipe their hands regularly with alcohol to prevent the spread of influenza. The elderly sit dazed on benches. Teenagers crowd a booth to recharge mobile phones. On standby are ambulances and a van with a dentist.   " I can't think of anything other than electricity, water and gas now," said Takuro Endo, 18, as he searches names on a wall listing those in other evacuation centres. " It could take 10 years for the town to recover."   (Additional reporting by Chisa Fujioka, and Elaine Lies Writing and additional reporting by Jason Szep Editing by Jeremy Laurence) |
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krisluke
Supreme |
22-Mar-2011 19:00
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Bargain hunting pushes European shares higher
![]() European flag floating in front of the European Commission building in Brussels
  * Banks gain as JPMorgan positive says " buy"   * Prudential up as UBS bullish   * For up-to-the minute market news, click on     By Joanne Frearson   LONDON, March 22 (Reuters) - European shares edged higher on Tuesday, adding to the previous session's sharp gains and further retracing last week's hefty selloff as buyers emerged to tap cheap equity valuations.   By 0940 GMT, the pan-European FTSEurofirst 300 index of top shares was 0.6 percent higher at 1,113.95 points after surging 1.8 percent in the previous session partly on major merger and acquisition news in the telecom sector.   " European company exposure is quite limited in Japan and global GDP is still strong, with growth in the emerging markets still high," Andrea Williams, who manages 1.3 billion pounds ($2.12 billion) in assets for Royal London Asset Management, said.   " Company dividends are reasonable, earnings are growing, price-to-earnings ratios are cheap, we are overweight the cyclicals and like the insurance sector as they have good dividend growth."   The insurance sector, which had been heavily sold off after the Japan crisis, added to the previous session gains and featured among the best performers.   The STOXX Europe 600 Insurance rose 1 percent, with Prudential gaining 0.6 percent on a bullish note from UBS.   Elsewhere, the banking sector was in demand after JPMorgan said there was an excellent opportunity to " buy" global investment banks as the impact of the Japan crisis was limited.   The broker said top picks included UBS, BNP Paribas and Intesa Sanpaolo, which were between 1 to 2 percent higher.     MARKET RECOVERING   Brokers were positive strong corporate fundamentals would push the market higher.   " Despite the recovery in prices in recent days, we continue to believe the market has overestimated the impact of recent negative news events outside Europe, while largely ignoring some positive developments closer to home," Nomura analysts said.   The FTSEurofirst index fell 5.6 percent from the open on Friday March 11, the day of the Japan earthquake, to a low of 1066.62 on March 16. It has since recovered 4.4 percent, leaving it just 1.6 percent off a complete retracement.   Equity valuations on Thomson Reuters Datastream showed the STOXX Europe 600 carrying a forward price-to-earnings ratio of 10.2, below a 10-year average of 13.6.   However, gains could be tempered by any negative news around Japan's nuclear disaster, violence in Libya and civil unrest elsewhere in the Middle East, traders said.   Across Europe, the FTSE 100 index was 0.3 percent higher, Germany's DAX was up 0.1 percent and France's CAC 40 rose 0.5 percent. (Reporting by Joanne Frearson Editing by Hans Peters) ($1=.6143 Pound) |
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krisluke
Supreme |
22-Mar-2011 18:52
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![]() ![]() I believe china will be the biggest beneficial out of this war. i mean oil price goes into pre-libya chaotic level ![]() |
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krisluke
Supreme |
22-Mar-2011 18:44
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somehow, a few disagreed in this warfare.
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krisluke
Supreme |
22-Mar-2011 18:40
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I alway do admire israel war strategy, not becos of beauty but discipline in the art of war  |
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krisluke
Supreme |
22-Mar-2011 18:34
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A  effect of war. plane crashed due to mechanical failure. Think, the peaceful citizen might get killed out from this thingy ![]()
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krisluke
Supreme |
22-Mar-2011 18:32
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Hong Kong Feb CPI rises 3.7 pct from yr earlier
March 22 (Reuters) - Hong Kong February consumer price data:
  * HK's headline CPI rose 3.7 pct in February , year on year   * HK's underlying CPI rose 3.6 pct in February year on year     KEY DATA Percent change from a year earlier   ___2011___ __________2010__________   Feb Jan Dec Nov Oct Sep Composite CPI 3.7 3.6 3.1 2.9 2.6 2.6 CPI (A) 3.9 3.9 3.5 3.4 3.1 3.2 CPI (B) 3.7 3.6 3.0 2.8 2.5 2.5 CPI (C) 3.4 3.4 2.7 2.6 2.0 2.0 Underlying CPI change** 3.6 3.5 2.8 2.6 2.3 2.2 ** Inflation excluding temporary waivers on public rents, quarterly taxes on property, and subsidies for utilities charges. Percent change from previous month   ___2011___ __________2010__________   Feb Jan Dec Nov Oct Sep Composite CPI 1.1 0.6 0.5 0.5 2.1 0.3 CPI (A) 1.3 0.9 0.5 0.3 4.7 0.7 CPI (B) 1.2 0.6 0.6 0.5 1.2 0.2 CPI (C) 0.9 0.3 0.5 0.6 0.5 0.1     For the three-month period ended February 2011, the monthly average rate of composite CPI was up a seasonally adjusted 0.7 percent, versus a 0.5 increase in the November to January period.     COMMENTARY   A Government spokesman said that taking the first two months of 2011 together to remove any potential distortion from the timing of the Lunar New Year, underlying consumer price inflation rose further to 3.6 percent, amid notable increases in import prices and robust local economic conditions.   The spokesman added that inflationary pressure in the economy was likely to increase in coming months, as global food and commodity prices remained elevated and feed-through from earlier rapid increases in private housing rentals continued. The government would also closely monitor the implications on inflation from global events, including the series of incidents in Japan following the earthquake and political unrest in the Middle East. The Government will remain vigilant on the impact of inflation on low-income people.   LINKS   To view the full details of the CPI data, see the Hong Kong government website at: http://www.info.gov.hk/hkecon/key/index.htm   Notes: Composite CPI is based on the combined expenditure pattern of households covered by the three CPIs.   CPI (A), Hong Kong's broadest measure of inflation, is based on the 50 percent of households spending between HK$4,000 and HK$15,499 a month as of the fiscal 2004/2005 base year.   CPI (B) is based on the 30 percent of households which spend HK$15,500 to HK$27,499 a month as of the 2004/2005 fiscal year base.   CPI (C), published by Hang Seng Bank Ltd., is based on the 10 percent of households spending HK$27,500 to HK$59,999 as of the 2004/2005 fiscal year base. Source: Census and Statistics Department (Reporting by Raymond Leung Editing by Chris Lewis) |
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krisluke
Supreme |
22-Mar-2011 18:30
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for war, there is no right or wrong. in the end is the peaceful citizen that suffered the most. I think the winner will some how peace the citizen mind. We are talkin about USA leh. This Friday , usa reportedly announce the gdp, do watch... |
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krisluke
Supreme |
22-Mar-2011 18:24
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U.S. warplane crashes in Libya, pilot safe - report
LONDON (Reuters) - A U.S. warplane has crashed in a Libyan field after an apparent mechanical failure and its pilot has been rescued by rebels, the Daily Telegraph newspaper reported on its website on Tuesday.
  The plane is an F-15E Eagle, the Telegraph added in a report from a correspondent on the ground in Libya. U.S. officials were not immediately available for comment.   (Editing by Tim Pearce) |
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SGG_SGG
Master |
22-Mar-2011 15:33
![]() Yells: "karma karma karma chameleon" |
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They should just strike Gadaffi & Said! I think he's a mad man. He even said his people will fight against the coalition. Siao ting tong! The army fights coz their his slaves.
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