Venezuelan President Hugo Chavez has official nationalized Venezuela’s gold mining industry. The decree signed Tuesday places the gold mining industry under complete government control. The law gives the state the exclusive right to explore and mine gold within the country. It does allow for joint ventures in which private companies hold a minority stake. In […]
Venezuelan Gold Reserves to be Repatriated
Posted August 24th, 2011 at 1:45 am (UTC-5)
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Standard & Poor’s President To Leave at Year’s End
Posted August 23rd, 2011 at 2:35 am (UTC-5)
The president of Standard & Poor’s, the credit ratings company that downgraded the U.S. credit rating, is stepping down. S & P’s parent company, McGraw Hill, announced that Deven Sharma will be replaced by current Citibank Chief Operating Officer Douglas Peterson. Peterson will take control on September 12 while Sharma will stay on as an […]
Canada Opposition Leader Jack Layton Dies
Posted August 23rd, 2011 at 1:35 am (UTC-5)
Canada’s New Democrat party leader Jack Layton died Monday from cancer. Layton’s party announced his death, saying the charismatic politician died at his Toronto home, surrounded by his family. During the May 2 elections, Layton helped his party become the dominant opposition group in Canada’s Parliament while battling cancer. The NDP controls 103 of 308 […]
Washington’s Martin Luther King Jr Memorial Opens to Public
Posted August 22nd, 2011 at 1:30 pm (UTC-5)
The memorial dedicated to U.S. civil rights leader Martin Luther King Jr. has opened to the public, ahead of an official dedication ceremony on Sunday . Located on Washington’s National Mall, the memorial site features a 9-meter-tall statue of King and a long granite wall inscribed with key quotations from the minister, civil rights activist […]
Dominican Republic on Alert as Hurricane Irene Approaches
Posted August 22nd, 2011 at 9:20 am (UTC-5)
The Dominican Republic is on alert as the first Atlantic hurricane of the 2011 season approaches the Caribbean nation after passing over the U.S. territory of Puerto Rico. Forecasters say Hurricane Irene is expected to hit the northern coast of the Dominican Republic on Monday, with maximum winds of 120 kilometers an hour. A tropical […]
Martin Luther King Junior Memorial Public Preview
Posted August 22nd, 2011 at 7:20 am (UTC-5)
A memorial dedicated to American civil rights leader Martin Luther King, Junior opens to the public Monday in a preview ahead of Sunday’s official dedication ceremony. The King memorial is located on the National Mall in Washington between memorials honoring iconic presidents Thomas Jefferson and Abraham Lincoln. This is the first memorial on the mall […]
Hurricane Irene: First of the 2011 Atlantic Season
Posted August 22nd, 2011 at 5:50 am (UTC-5)
The U.S. National Hurricane Center says Tropical Storm Irene has strengthened into a hurricane, the first of the 2011 Atlantic hurricane season. Irene, with winds of 120 kilometers per hour, is expected to strengthen further in the next two days. A hurricane warning is in effect for parts of Puerto Rico and the northern coast […]
Tropical Storm Irene Nears Hurricane Strength
Posted August 22nd, 2011 at 4:30 am (UTC-5)
The U.S. National Hurricane Center says Tropical Storm Irene is just below hurricane strength as is moves across eastern Puerto Rico with winds of 110 kilometers per hour. While the Dominican Republic has downgraded a hurricane warning for its southern coast to a tropical storm warning, the northern coast remains under a hurricane warning. A […]
Canadian Jet Crash Kills 12
Posted August 22nd, 2011 at 2:45 am (UTC-5)
Canadian officials say a lucky coincidence may be the reason three people survived a plane crash in the remote Arctic wilderness Saturday. Some 500 members of Canada’s military, along with a team of investigators from the Transportation Safety Board, were less than two kilometers from the crash scene, getting ready to participate in a mock […]
Chavez Supporters Shave Heads in Solidarity
Posted August 22nd, 2011 at 2:20 am (UTC-5)
Supporters of Venezuelan President Hugo Chavez have shaved their heads in a televised event to show their solidarity with his struggle against cancer. Barbers shaved the heads of several men and at least one woman Sunday on the television show as the Venezuelan leader watched. President Chavez, bald from chemotherapy treatments, smiled and waved to […]
