Saturday, July 23, 2011

Malaysian fans jeer Chelsea's Israeli midfielder

Some countries will take longer to get there.


Jul 23, 2011

Malaysian fans jeer Chelsea's Israeli midfielder

KUALA LUMPUR: A soccer friendly between Malaysia's national team and
English Premier League side Chelsea turned surly when anti-Israel
spectators booed the away team's Israel-born captain whenever he had
the ball.

The jeering of Yossi Benayoun throughout the first half was given wide
coverage in global media, embarrassing Malaysia which wants to present
itself as a moderate Muslim nation, the Malaysian Insider news website
reported.

Before some 85,000 football fans on Thursday night, Chelsea defeated
the Malaysian Olympic squad at the Bukit Jalil Stadium in Kuala Lumpur
1-0.

Midfielder Benayoun was the first Israeli to play football in
Malaysia, a Muslim-majority country that maintains no diplomatic ties
with Israel.

This is not the first time Israeli sportsmen have been ostracised here.

In 1997, some 400 protesters lit bonfires and smashed billboards at a
field where they thought Israeli cricketers would be playing at
Malaysia's invitation.

Then Prime Minister Mahathir Mohamad justified the team's presence by
saying that Malaysia wanted to show the visiting Israelis how
different races could live together in peace.

In 2008, the government gave its approval for Chelsea's Israeli coach
Avram Grant and defender Tal Ben Haim to visit Malaysia for the team's
pre-season tour of Malaysia, despite protests from Muslim groups. But
both left the team before the trip.

AGENCE FRANCE-PRESSE

Wednesday, July 20, 2011

Wendi Deng makes kungfu leap in Murdoch fracas

the press has absolutely nothing to talk about. The people have no idol to cheer for. This is the state of the world today. Rotten.



Wendi Deng makes kungfu leap in Murdoch fracas
Press baron's wife fights off attacker in House committee room


(LONDON) The grilling of media baron Rupert Murdoch and his son James by British Parliamentarians yesterday took a surprising turn.


Hanging tough: While appearing to falter under intense questioning, Mr Rupert Murdoch pushes back against UK lawmakers with denials
'In a shocking interruption toward the end of the questioning by lawmakers, a protester rushed at Rupert two hours into the hearing, setting off a scuffle and spattering Murdoch with what appeared to be white foam in a foil pie dish.

Murdoch, 80, was not hurt and no doctor was required, a Reuters witness said. Murdoch's wife Wendi Deng, who was sitting behind him in the committee room, slapped the assailant and police rushed to arrest him.

A young man, wearing a checkered shirt and his face smeared in foam, was taken out of the room and placed in handcuffs.

The hearing was suspended and journalists and members of the public were asked to leave. It resumed 15 minutes later with both Rupert Murdoch and his son James present.

Murdoch appeared calm but had taken off the blue suit jacket that had been splashed in the attack.

Earlier under questioning by lawmakers over the widening phone hacking scandal, the elder Murdoch appeared to falter at times but pushes back with denials.

His son James said he had 'no knowledge and there's no evidence that I'm aware of' that Ms Brooks or other senior executives who have resigned from Murdoch companies as a result of the crisis had knowledge of phone hacking.

He said the hacking scandal was a 'matter of great regret of mine, my father's and everyone at News Corporation. These actions do not live up to the standards that our company aspire to everywhere around the world'.

Lawmakers quizzed the elder Murdoch about news reports suggesting that The News of the World may have sought the phone numbers of victims of the Sept 11, 2001, attacks in the United States. He said he had 'seen no evidence of these allegations'.

He added that he was not responsible for the hacking scandal, and his company was not guilty of wilful blindness.

Slapping a desk in a parliamentary committee to underscore his points, he said The News of the World tabloid at the centre of the scandal represented about one per cent of his businesses around the world.

He said he lost sight of the paper because it is such a small part of his company and spoke to the editor of the paper only around once a month, talking more with the editor of the Sunday Times in Britain and the Wall Street Journal in the United States.

'I employ 53,000 people around the world who are proud, ethical, distinguished people,' he said.

Mr Murdoch said he had ordered the closure of the newspaper because 'we felt ashamed of what happened and felt that we would bring it to a close. We had broken our trust with our readers'.

Their appearances followed a separate committee hearing into the involvement of police in the scandal that exploded fully only two weeks ago with reports that The News of the World under the editorship of Ms Brooks ordered the hacking of voice mail of a 13-year-old girl, Milly Dowler, who had been abducted and murdered. Brooks has denied knowledge of the hacking.

'I was absolutely shocked, appalled, ashamed when I heard about the Milly Dowler case two weeks ago,' Mr Murdoch said. At points where the elder Murdoch was pressed on detailed points and seemed not to have a ready response, his son sought to intervene, but committee members insisted on answers from his father. -- NYT, AP, Reuters

Next financial crisis may be more severe: Tony Tan

That's rubbish.


Published July 20, 2011

Next financial crisis may be more severe: Tony Tan
Last downturn did not lead to 'total collapse' thanks to Fed and its chief

By LEE U-WEN

(SINGAPORE) The next global financial crisis could well come as early as five or six years from now, with every possibility that the severity could be much higher than what the world experienced at the last downturn just two years ago.

Painting this grim scenario yesterday, Tony Tan - the former deputy chairman and executive director of the Government of Singapore Investment Corporation (GIC) - said that the global financial system only managed to avert a 'total collapse' in 2008-09 because of the quick intervention led by the US Federal Reserve and its chief Ben Bernanke.

'If not for the strong actions of the central banks and authorities led by the US Federal Reserve and Mr Bernanke, we would be facing 20 per cent unemployment today. The world would be a very bleak place,' said Dr Tan during a question-and-answer session following a public lecture on higher education that he delivered at the Singapore Management University.

Dr Tan, a former deputy prime minister, stepped down from his GIC posts and at Singapore Press Holdings (where he was its chairman) on July 1 to contest the upcoming presidential election, which must be held by Aug 31 this year.

He described how Mr Bernanke took 'unprecedented action to do whatever was necessary' to avoid a complete financial meltdown, providing institutions with unlimited quantities of money to keep the system afloat, and that saved us.

Singapore, too, had to dip into its reserves - built up over the last 40 years - for the first time to weather the storm, added Dr Tan, although it managed to do so 'without compromising our financial integrity and falling into deeper problems'.

'The lesson is, it's not the action which is important, but whether you have the reserves, the backing and the ability to take these actions,' he said.

In Singapore's case, the recession it went through was 'extremely short' but Dr Tan warned that the Republic and other countries should not 'press our luck' going forward.

'If the same thing happens five or six years from now, we may not have another Ben Bernanke heading the US Federal Reserve. All the problems and risks we face today would seem quite trivial compared to the financial and economic catastrophe that could befall us,' he said.