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World News 08-26-08
August 26, 2008
Mighty Quinn radiozx editor
Hot Headlines . . .
US slams . . .
Russia/China Coalition's Recognition of the breakaway Provinces
Russia China Coalition Forces have granting formal diplomatic recognition Tuesday to two breakaway Georgian provinces at the center of this month's conflict, in these early days of World War III.
We're on the verge of a Bear Market of epic proportions
This week, investors will be looking for signs that inflation is under control.
Stocks hit hard on bank woes
Wall Street retreats, with the Dow losing 242 points, on credit market problems and higher oil prices. Investors discount better-than-expected existing home sales report.
Japan's stocks dropped amid speculation American International Group Inc. will lose billions this quarter due to credit losses, reigniting concern financial market weakness will continue.
AMD sells digital TV business to Broadcom for $192.8 million
By Steve Johnson Struggling with lackluster sales and staggering losses, Sunnyvale chipmaker Advanced Micro Devices said Monday it has agreed to sell its digital television business to Irvine-based Broadcom for $192.8 million.
Why New York City's Tidal Power is good news
Good news. Verdant Power is set to restart its groundbreaking renewable energy project in New York’s East River. The news suggests that this and other cities are emerging as centers of green energy innovation.
It's not on Bush's alternative-energy agenda yet, but moon-driven tides, ocean currents, and waves generate more oomph than wind and are more consistent than solar.
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