ECB infuses $639 billion fresh credit into European banking system

In an unprecedented move on Wednesday, the European Central Bank (ECB) has made available fresh credit worth approximately $639 billion (equivalent to €489.191 billion) for a period of three years at, unbelievably low, one percent interest. The figure has surpassed economists’ expectation by around $231 billion. By providing cheap loans, ECB is trying to address the issue of “long-term refinancing operation” of European banks (due on first quarter of 2012) and liquidity crisis in the market.

The $639 billion credit aid is considered as the biggest loan given by the European Central Bank in 13 years since the introduction of ‘Euro’ as the shared currency. It is believed that with the availability of cheap loans, banks in Europe might be able to avoid the impending recession. Approximately 500 European banks have applied for long-term loans on Wednesday. Among these are banks of France and Spanish banks.

It is hoped that the availability of cheap loans (at one percent interest) from ECB may spike up interest to buy government securities (bonds), which could bring down governments’ borrowing cost. Or, it may drive commercial banks to invest part of their fund in private sector, which could spur sustainable economic growth in Europe. But whichever options they may take, ECB hopes that, such an action would boost up profit for the banks, initiate growth and ease up the debt crisis in Europe.

Egyptian women in protest march against soldier abuse in Cairo

In a never-before incident in Egypt, thousands of women on Tuesday displayed their outrage in the streets of Cairo against atrocities by soldiers on women protestors last week. The mass protest originated from Tahir Square, the site of last week's abuse, before spreading to Cairo’s downtown. In the wake of biggest demonstration by women in Egypt since 1919, Egypt’s ruling military government was asked to take responsibility for the incident and step down from power. The all-women political rally in Cairo also saw some men joining in to show their sympathy for last week’s women victim.

Last week’s police atrocities on Egypt’s women protesters have caught wide spread media attention. Several nations including the United States have condemned last week’s military crackdown on Egypt’s women demonstrators and called out the military government in Egypt to immediately intervene and take appropriate actions. The Supreme Council of military government in Egypt has expressed their regret and assured to take action against those who attacked women protestors.

Although Egyptian women had earlier stood in the forefront of revolutions, it has never been this big or significant. Tuesday’s incident seems to have propelled Egypt's women to the epicenter of political life. Could this be the beginning of growing women participation in Egypt’s political system? May be, days are not far when Egyptian women would be playing bigger role in politics. What do you think?

The final convoy of US soldiers bade adieu to Iraq

History was made as the controversial Iraq war ended on Sunday, and the last of the US troops quietly made their exit from Iraqi soil to return for home. In what was termed as the last display of “tactical road march” by the United States military, a convoy of around hundred fully armored vehicles made the overnight journey to reach the boundary between Iraq and western Kuwait. The night-long journey of the fleet, carrying nearly 500 troops, was mostly uneventful.

With the withdrawal of the last of the United State military force from Iraq, ended the gulf war in the middle east that spanned nearly nine years and resulted in approximately a trillion dollar loss to US tax payers. The US troops convoy was greeted at the Kuwait border by General Lloyd Austin who had held the post of top U.S. military commander – Iraq, till Friday. Those who are remaining now in Iraq are 157 soldiers and a handful of marines carrying out diplomatic mission.

Although the Iraq war is finally over, problems are far from leaving Iraq. Already two Sunni-dominated provinces are demanding for autonomy. There is also a growing fear of Iranian influence in Iraq.

Time will tell how successful the United States role has been in its mission to establish peace and security vis-à-vis Saddam’s era in Iraq. But there is no doubt that much of the United States credibility hangs on how successfully Iraq builds its political structures and carries out structural reforms in the coming years. The world would be watching with interest…

Italian PM Mario Monti’s austerity drive gets lower house approval

Prime Minister of Italy, Mario Monti’s austerity plan cruised to victory in the Chamber of Deputies’ confidence vote on Friday. The overwhelming victory of 495 to 88 in the lower house is expected to increase Italy’s chance in receiving bailout package amounting to € 33-billion or $43 billion. Mario Monti still has to get the final approval of the Senate (upper house of the parliament) next week for the smooth passage of austerity package.

Italy’s ‘Super Monti’ is currently under immense pressure from leaders of Europe to put a cap on spending and generate funds to boost Italian economy. Once the austerity bill is passed by both houses of parliament, Mario plans to implement a series of measures to address Italy’s huge debt crisis and balance 2013 budget through increased tax and pension reforms. Some of the immediate steps government of Italy is likely to take are - reintroducing ‘tax on first homes’ (earlier abolished by the previous Berlusconi government), hiking real estate tax and also some growth incentives.

Though Italian Premier’s austerity plan enjoys parliamentary consensus, many in the main opposition parties are skeptical that the proposed measures might be unfair on the poor in society. They are going to be the hardest hit of the austerity cut.

Iraq war ends as US officially pullouts troops

Finally the declaration, which was longingly awaited around the world, came from Pentagon on Wednesday – the US-declared war in Iraq is officially over. This puts an end to a war that lasted almost nine years and snuffed out more than one lakh Iraqis and 4500 Americans. The final phase of withdrawing US troops is expected to be finished by 1st of Jan 2012 as per an agreement reached in 2008 between President Barack Obama and ex-president George Bush. At present, there are still 4000 troops deployed in two American bases in Iraq.

In a speech in North Carolina, the US President, Barack Obama, applauded his soldiers for their bravery and commitment, especially the sacrifice of dead soldiers and their families. He welcomed his soldiers back home amidst loud cheers and thanks giving.

The United States led Iraq war was headed by ex-President George Bush in 2003 on the claim that the then Iraqi President Saddam Hussein had stashed large-scale destruction weapons. This has drawn huge criticism and humiliation from all over the world as the allegation was found to be unfounded. For America, life after Iraq war perhaps presents the perfect time for introspection and for Iraq, there lays a long struggle to establish peace, stability and prosperity.

Is Europe NOT in sync with EU treaty change?

Despite repeated assurance from Angela Markel, German chancellor, tension over change in EU deal is brewing up in euro zone. So far, Markel has succeeded in securing agreement from 26 member EU nations. But there are still four nations who have to give their consent to the deal. They have taken time to reconsider the wider implications of the treaty change vis-à-vis their respective countries. Governments of the four states that include Hungary, Denmark, the Czech Republic and Finland are currently going over the details of the treaty with their parliaments before making their decision final. Britain has already withdrawn from the proposed EU pact.

Markets on Wednesday have reacted negatively despite Europe’s brave claim to present ‘fiscal union.’ For the first time since January this year, Wednesday saw Euro hit a record low, below $1.30. This has further spiked up the rate of Italian government bonds, which would mean further increase in borrowing cost for the Italian government already spiraling under debt crisis.

The European Central Bank is facing increased pressure from euro zone nations, reeling under debt crisis, to step in and buy their sovereign bonds. But the head of the central bank of Germany, Jens Weidmann, has rebuffed their attempts to misuse European Central Bank’s fund in this way. Weidmann further stated that instead of looking up to European Central Bank for help, nations should step up reform measures to address their fiscal deficit.

Angela Merkel is optimistic that the new Euro deal would be ready by March. But what the world really wants to know is whether the new deal has what it takes to address the financial crisis of euro zone? Secondly, even if Europe manages to come out of the crisis, will it ever be the same again?

An estimated 5000 deaths in Syrian uprising claims UN official

As gunshots and explosives continue to rip apart Syria, more than 5000 Syrians have lost their lives during the nine month long Syrian uprising. The figure, which is higher than the previous estimate last week, has been claimed by Navi Pillay, the United Nations human rights high commissioner, on Monday. On the other hand, there has been more than 1100 deaths of police and other security services personnel as claimed by the Syrian authority.

As local elections are being held in Syria, low turn-out has been reported all around despite government’s claim to name Monday’s election as an act of “democracy and free will.” As it seems, elections have failed to put a halt on frequent security clampdown which has turned more brutal in the recent months. Syrian government have criticized the violence on peaceful activists as an act of “armed terrorist” and claimed no role in recent Syrian unrest. The opposition parties refused to believe the government's stand and demanded mass election boycott.

The United Nations human rights chief, Navi Pillay, has criticized the brutal suppression of civilians in Syria as ‘crime against humanity.’ She further stated that such actions need to be referred to the International Criminal Court.

Is Diabetes ruining your sex life?

Is diabetes playing a spoilsport on your sex life? It is all right to feel threatened when normal pleasures are ebbing out from your life. But take heart from the fact that you are not alone. There are approximately 346 million people like you worldwide who are affected with diabetes. And you will be relieved to know that most of them are leading a normal life. So how all these people are managing?

The best way to tackle diabetes is to understand it and with the help of recommended treatment (s) and lifestyle changes, you can find a way to work around it. The rest comes automatically – you leading a healthy and a happy life.

How diabetes affects sex life?
Diabetes affects men and women in different ways.

Diabetes and men sexual health
If left untreated over a period of time, elevated blood glucose level or diabetes may have adverse effect on men sexual health. It can cause severe nerve damage leading to a condition called diabetic neuropathy. This is the common cause of erectile dysfunction (or impotence) in men. In this condition, men fail to maintain erection during intercourse, leading to limited or no sexual pleasure.
Diabetes and female sexual health
Diabetes neuropathy is the main reason most women fail to enjoy sex or experience uncomfortable sex. Women with diabetes most often complain of insufficient vaginal lubrication, also called vaginal dryness. Another leading condition that women with diabetes often suffer is vaginitis (vaginal inflammation). This coupled with vaginal dryness leads to irritated and swollen vagina, making sexual intercourse painful or difficult. Cystitis is another common problem that can arise in women with diabetes. In this condition, much like erectile dysfunction in men, clitoris could fail to respond to sexual stimulation leading to frustration in sexual life.

How to manage diabetes?
The most important thing is to remember that you can manage diabetes and take control of your life. Below are some of the simple steps to help you achieve it:

• Overcome your shyness to manage diabetes: If left untreated, diabetes can give rise to serious complications. Be frank with your doctor about your physical conditions as well as about sexual complications arising out of diabetes. These can help you receive the best possible treatment in the quickest possible time.
• Keep your partner abreast about your medical conditions: Your partner deserves to know what’s happening in your life. Make sure that your partner knows about your physical and emotional conditions, the treatments you are taking to help fight diabetes, etc. This would ensure full support from your partner and lead to quicker remedy.
• Follow a healthy diet plan for diabetes: Take help of your dietitian to prepare a diabetic diet plan so that you can monitor your daily food intake. Ensure moderate amount of calories, high level of nutrients and low fat in your diet. You may want to stay away from alcohol as it may worsen your high pressure. To keep your blood glucose level under control, fiber-rich foods such as whole grain breads, cereals and fruits are highly recommended. Make sure that you are having meals at regular intervals.
• Regularly check up your blood sugar: Keep a tab on your blood glucose level regularly. This would ensure that you receive timely medical help if there is a sudden spike in the pressure and minimize sexual problems.
• Follow a regular exercise routine to keep diabetes under control: Walking is one of the most recommended exercises for diabetics. Besides keeping your diabetes under control, regular and brisk walking helps to stay in shape and in good health. Make sure that you do not overdo it. To develop it into a habit, slowly keep increasing your walking time as you go forward.

EU reaches a consensus about broader European treaty change

The seventeen member EU nations whose common currency is Euro has given their consent to a broader change in the European treaty Friday early morning. The new treaty has also got the approval of another six EU nations, while the trio nation – Sweden, the Czech Republic and Hungary – have given their verbal commitments. They assured that they would clear their positions after going over the plan with their respective parliaments. British Prime Minister David Cameron has distanced himself from the proposed treaty on the ground that it doesn’t serve Britain’s interest. The new accord is likely to come into effect from March 2012.

Britain has long misgivings about the proposed Tobin Tax or pan-European financial transaction tax. Britain fears that accepting Tobin Tax would be equivalent to giving up its sovereignty. By withdrawing itself from the proposed treaty, Britain faces the possibility of isolation in Europe.

Once effective, the new treaty would expect governments of member countries to be more ‘fiscally disciplined’ with their spending and burrowing. This would require member countries to place their national budgets before the European Commission for scrutiny. The Commission may ask for revision in the budget should they feel there is a scope for further budget cut. The new European treaty would also empower the European Court of Justice to penalize a member country with increased tax or budget cuts or with both incase the agreement is violated. Europe believes that through centralized monitoring and enforcing stricter discipline, it may come out of debt crisis more quickly and help boost Euro in turn.

Germany and Poland bury their past hatchets to save Eurozone

Mission to save Euro and Eurozone from the ongoing financial crisis has brought together a never-before coalition between Germany and Poland – known enemies whose past are fraught with animosity and war. As the leaders of other EU countries are struggling to reach a common consensus to tackle European debt crisis, leaders of the two countries have taken a united stand.

In a rare gesture, the Prime Minister of Poland, Donald Tusk, has given its full backing to German Chancellor Angela Merkel in her attempt to ask for full change in the treaty. Full and fundamental change in the European treaty is necessary to bring in severe budget cuts and centralized monitoring.

As an ally, Poland brings on the table several brownie points for Germany. Poland enjoys close relationships with countries that belonged to former Soviet Union and countries of northern Europe. Poland is also an enthusiastic supporter of unified Europe and hopes to join Euro in the future. Besides, the commanding position that Poland enjoys among nations outside eurozone also goes well with Germany.

The final clincher was the foreign minister of Poland, Radoslaw Sikorski’s recent comment that set the government and foreign policy departments of Berlin abuzz. “I fear German power less than I am beginning to fear German inactivity.” Radoslaw Sikorski also did not forget to hail Germany as indispensable to Europe.

EU countries divided on Euro before EU Summit

Before Friday’s crucial EU summit, EU countries were reported to be divided on several issues over the debt crisis. Difference of opinion emerged about the ways austerity measures would be ensured among member countries and execution of reform activities (within specific time frames) through a centralized monitoring.

Wednesday also saw Germany advocating for full and permanent change in the European treaty, creation of two separate bailout plans – one for short term and another for long term and extension of debt limits for the protection of Spain and Italy. Some other nations like France, however, want an immediate change in the treaty to deal with the euro crisis.

Since changing the entire European treaty may take up to two years, officials of European Union are exploring other ways to deal with it. Herman Van Rompuy, the euro zone and also the European Council president, proposed a quick fix way to ensure‘fiscal discipline’ and avoid delays of a full change in the European treaty. This requires changing a single protocol wherein leaders of respective nations would, under the directives of European Central Bank as well as European Parliament, enter into an obligation to stay within budget for that time frame. Herman Rompoy further elaborated that those nations who violate this rule could be punished with further economic sanctions and more tax burden or with both.

Experts are of the opinion that punishing offender countries that go over-budget would require full and fundamental changes in the treaty rather than changing just one of the protocols. European institutions must have absolute power to squash national budgets.

Egypt’s interim PM Kamal Ganzouri empowered with presidential power

On Wednesday, the military regime of Egypt has awarded their new interim Premier with country’s highest power before inducting him into the cabinet. This allows Prime Minister Kamal Ganzouri with power almost equivalent to that of a president except the power to control judiciary and military forces.

It is reported that Muslim Brotherhood and other political parties have opposed the way the current regime has misused their power to bulldoze on people’s aspiration for a change in the political guard. They were vociferous in their attack on the military, who they said, had no authority selecting 80-year-old Ganzouri as the Prime minister. The cabinet headed by Kamal Ganzouri would be functional until the presidential elections.

With the first phase of parliamentary voting over, there is still a long way to go before Egyptians get their first taste of civilian government. As of now Muslim Brotherhood is believed to be leading with 40 percent or more votes, while ultraconservative Salafi Al-Nour party as the close second.

Brazil reports signs of economic downturn

After the record growth of 7.5 percent in 2010, Brazil has started to show economic fatigue in late 2011. Consumer spending in the biggest economy of Latin America has declined in the third quarter, followed by a 0.04 percent dip in gross domestic product (GDP). Imports have also recorded a slump. Brazilian economy is expected to be just around 3 percent or even less this year.

To revive its consumer spending and maintain long-term growth, Brazilian government has recently introduced a fiscal stimulus package. Bank interest rates have also been slashed three times in the recent months. This is a major turnaround from measures adopted earlier this year by the Brazilian government to ‘cool’, an ‘overheating economy’. At that time, the government of Brazil had repeatedly hiked bank interest rates and taxes to keep a check on inflation.

Despite the recent downturn, Brazil boosts of an impressive foreign currency reserve of $352 billion. As on October 2011, unemployment rate is at a record low of 5.8 percent compared to average unemployment rate of 9.95 percent between 2001 and 2010. Brazilians feel that unlike other countries that have structural defects, Brazil is going through a transitional phase. All it needs is sufficient infrastructural development and skilled manpower to stay on the growth path.

Prospect of lower ratings looms on Eurozone nations by S&P

Fifteen of the seventeen Eurozone countries are under scanner by the US credit rating firm Standard and Poor (S&P) for their failure to tackle financial crisis. Countries that are likely to be affected by Standard and Poor’s announcement on Monday include some of the heavy-weights known for their fantastic credit worthiness until recently. Nations about to be stripped off their triple-A credit status are Germany, Netherland, Finland, Austria, France and others. The only two countries who are unaffected by this recent development is Greece and Cyprus (already downgraded).

The negative prediction by S&P is based on the growing fear that Eurozone financial crisis may no longer be restricted to member countries using Euro currency only. The crisis could soon have a cascading effect on the entire Europe. As per Standard and Poor, the unfolding of five inter-related factors have resulted in deepening of Eurozone crisis. These five critical factors are - Severe credit crunch, failure of affected countries to boost market confidence as well as absence of an uniform policy to address the crisis of EU nations, growing credit risk even in nations boosting AAA ratings, prospect of recession in Euro zone in 2012 and increase in government and household loans.

Policymakers questioned the timing of Standard and Poor in coming up with the announcement on Tuesday when the entire EU nations are waiting for Thursday's EU summit. Reducing the ratings of countries before the EU summit may worsen the current crisis.

Egypt parliamentary poll results expected on Saturday

Saturday could be the D-day for Egypt when its first of the three-stage parliamentary election results would come out. Initially, the results were expected to be declared on Thursday. Then the date of the Egypt parliamentary poll results was deferred to the next day, Friday, calling the huge turnout as the official reason for the delay. A recent announcement by the Supreme Council of Egypt’s present military regime has confirmed that Egyptians would have to wait for another more day, i.e. Saturday, to know the poll outcome. The official reason cited this time is delay in counting of votes in some constituencies.

This week, Egypt went to poll on Monday and Tuesday for the election of representatives for the lower house of the parliament. The large turnout for the two days of Egypt parliamentary elections has been estimated at 62 percent, though many have questioned its veracity. Till now, Muslim Brotherhood led Freedom and Justice Party and the ultraconservative Al Noor Salafi Muslim Party seem to be in a commanding position. If either of these parties gets to the seat of power, that would further strengthen the dominance of Islam-oriented parties in the Middle East.

Egypt’s Muslim Brotherhood squashed possibility of alliance with ultraconservatives

In an attempt to address the concerns of youths and like-minded liberals in Egypt on Thursday, Muslim Brotherhood has denied any possibility of alliance with such parties who are ‘ultraconservatives’. In fact, they claimed to have no such reservations to form a coalition government with more liberal political partners. This is in response to the assumptions being made about the likelihood of a majority alliance between Muslim Brotherhood’s Freedom and Justice Party and the ultraconservative Al Noor Salafi Muslim party.

Thursday also saw Egyptian administration postponing the declaration of the first phase of parliamentary election results by a day to Friday, stating record turnout as the possible reason. But, unofficially, it is confirmed that Muslim Brotherhood has already notched up the first place in the first round of the three round parliamentary elections.

After lifting of ban since the ouster of Hosni Mubarak, Muslim Brotherhood, the main stream Islamist group in Egypt, has been busy in image building. They seem to come across as a responsible, forward-thinking Islamist party who are serious about nation building. In the two days of the parliamentary elections, they were seen trying to reach out to all sections of people with pamphlets and fliers and also helping people out with poll procedures. Whoever wins the elections, a tough balancing job is awaiting them – steering the country away from fanatics and poverty and at the same time gain the confidence of its people.

Muslim Brotherhood leads in the preliminary vote counts in Egypt

Initial vote counts of the first ever three-phase parliamentary elections in Egypt put Muslim Brotherhood’s Freedom and Justice Party, a mainstream Islamist group, in the forefront of power. Running a close second is another Islamic party, the Al Noor Salafi Muslim party.

It is reported that the Freedom and Justice Party of Muslim Brotherhood has chalked up almost 40 percent of vote in the Egypt elections. But it is the ultraconservative Al Noor Salafi Muslim party or Salafis that has emerged as the dark horse. Salafis have already notched up an estimated two-thirds of the vote in the early results of the Egypt elections. Together with the 40 percent vote claimed by the Muslim Brotherhood, the combined total is a whopping 65 percent - enough to clinch a majority in the parliament.

Thursday's result could pose a major setback for Egypt’s liberal parties and youth activists who are already plagued by lack of organization and internal rivalry. Interestingly, the poor showing of liberals is from the provinces which are counted among the most liberals and accounts for one-third of the total votes. It is a matter of concern for those who have been demanding all along for a modern, democratic government that can meet the aspirations of its people, mostly its youths.

The elections on Monday and Tuesday were the first of the three-phase elections for the selection of members of the lower house. The results of which are expected to be announced on Thursday night. It is not before January that the final phase of the three phase elections are going to be over. Only after this the much awaited drafting of a new constitution would take place in Egypt. The upper house parliamentary elections are scheduled to start from Jan and run until March.

Muslim Brotherhood: An emerging threat to Egypt's military regime

After the second day of voting Muslim Brotherhood, once a political outcast, is emerging as a strong contender to be the new face of Egyptian democracy. Buoyant by high turnout in the first two days of the parliamentary elections, the Freedom and Justice Party (FJP) is hopeful that it has what it takes to overthrow the military government and fulfill the aspirations of Egypt.

The second day of the election has been much like the first day i.e. peaceful. It is estimated that between Monday and Tuesday, the participation from the nine provinces might have crossed 70 percent mark. This is a welcoming change from Hosni Mubarak’s rule when elections were marked by large-scale rigging and violence.

The Freedom and Justice Party, founded by Muslim Brotherhood on 30th April, 2011, is an organized political party in Egypt, better positioned than its liberal competitors. Muslim Brotherhood are confident that they could push out the present military government from the seat of power on the strength of seats that they would claim. They further kindled the conflict with the ruling party by claiming that the high turnout is an indication of people’s desire for a credible and powerful civilian government. Just last week, a prominent member of the current military authority had expressed hope that they would be seen to play a prominent role in selecting Egypt’s new Prime Minister after the formation of new parliament.

Currently, the political rivalry in Egypt is simmering, to say the least! It is worth watching how the situation unfolds for Egypt and for all of its stakeholders.

The day first of Egyptian poll day ended peacefully

Cairo’s Tahir square which has been the epicenter of mass protests and violence until a few days ago saw a remarkable change on Monday – voters heading for polling booths to cast their votes peacefully on the first day of the three-stage parliamentary elections. Such was the turnout for Monday’s election in Cairo and elsewhere that the military administration in Egypt had to extend the voting hour by two hours. The mood of the people was jubilant as they marked the historic moment by casting their ballots for democracy.

More than 50 registered parties and thousand independent candidates are contesting the Parliamentary elections. Voting on Monday and Tuesday are going to witness participation of nine major provinces out of a total of 27 provinces. The rest would get their chance in three separate stages until January next year. The next stage of elections will be on December 14th and the final stage is scheduled to be on January 3rd. Over the next few weeks, approximately 50 million Egyptians are going to elect 508 representatives for the lower house.

In some areas, complaints were reported of ballots arriving late, delay in opening of polling booths, some sporadic shooting and election-related violence as well as security shortage. Otherwise, the first day of voting has largely been successful.

How to revive passion in your bedroom?

A good sex life is essential to a happy marriage. You may say that more than sex, it’s love that counts. While there is no denying that, but sex can really add that extra zing to your love life and make your relationship all the more exciting and lasting. It doesn’t matter how old you are or how many years you have spent together, you can still enjoy a healthy sex life. You can still bring back sparks in your bedroom and enjoy your togetherness… Besides a healthy relationship, sex is good for your health too. Have you considered that? Let me tell you how…

Sex and health
Why is sex good for health?
Besides renewing your love life, sex is important for leading a healthy life together. Sex is as important as taking your medicine or, say, breathing, if not more.

• Want to freshen up? It is said that the release of orgasm during sex has a calming effect on our mind, helping you fall asleep. So next day when you wake up, you are ready to take on the world!
• How about burning some calories? Not just think sex. Do it! The little acrobatics which make sex so enjoyable also help you lose weight.
• Want to stay happy? A recent study has found that semen can act as an antidepressant. The study has further revealed that women having sex without condoms are less prone to depression than those who use condoms or stay away from sex.
• Orgasm is also a great pain-killer. The release of chemicals such as oxytocin and endorphins during the release of orgasm can increase your tolerance level for pain.

Tips to boost sexual relationship
Below are three important, yet simple tips to bring passion back into your bedroom and build a healthy relationship. As you go, you can invent your own tips and make your love life all the more special.

• How about opening up the floodgates by sharing your sexual fantasies with your partner? You will be surprised how romance and intimacy has come back in your life! Sex has the power to repair a relationship and help flourish again.
• You may like to set the mood by playing naughty, wearing just your sexiest best. To creat an intimate environment in your bedroom, think about lighting some colorful candles. And don’t forget your makeup. The night is about playing hottie!
• Be creative and try new positions. Share with your partner some interesting poses that you might have come across recently on TV. You don’t want to let shyness come in the way!

Leading a healthy sex life is all about reinventing yourself and your partner and taking a new pledge every time together. A good sex is also about meeting of two souls and becoming one. So why deny yourself such a beautiful, life-changing experience? My granny used to say that sex can bind two people in love so intimately that one can feel the presence of their partner without even looking! Isn’t that great? Isn’t this what we all want from our life – a real everlasting bond with our partner? Now you know how to make it a reality, your reality.

Egyptian military government selects Kamal Ganzouri as the interim Premier

It seems the more Egyptians ask for change in political power, the more situation remains the same for Egypt. In a desperate bid to cling to power, the military regime in Egypt has nominated Kamal Ganzouri to be the head of the new ‘national salvation’ government on Friday. In response to the new development, protestors in Cairo have threatened to tighten the screw further on the present military administration through renewed agitation across the country.

Interestingly, this is the second time Ganzouri would reclaim the post of Prime Minister. His previous tenure was under Hosni Mubarak, the former Egyptian President ousted in February this year. Kamal Ganzouri, the 78-year political veteran and economist in Egypt, had also held the post of minister of Planning and International cooperation.

Earlier this week, civilian cabinet headed by then Prime Minister Essam Sharaf has offered resignation amidst violent protest across the nation. As of now, Egyptian military government has refused to step down before the upcoming parliamentary elections starting on Monday. Elections are reported to be right on schedule despite the ongoing unrest.

Cairo caught in renewed violence as Egyptian military government dithers

Violence erupted again in areas surrounding Cairo’s Tahir Square on Tuesday as the civilian Cabinet in Egypt proposed to step down before the military government. This is for the fourth consecutive day Cairo has been paralyzed by fight between protesters and security forces. About 1700 activists is reported to have been injured as official death toll shoots up to around 30. On the other side, roughly 100 police officers have been left with minor to critical injuries.

As the proposal of mass resignation was being played out since Monday night, animosity brewed between the civilians and security forces, triggering more bloodshed on Tuesday early morning. The protestors were demanding the ouster of Premier Essam Sharaf’s military government and formation of a new interim government with full authority to run until the upcoming elections starting from November 28th.

It is claimed that the rising casualties and death tolls are due to the indiscriminate use of tear gases and live fire on unarmed protestors, though this has been denied by the Egyptian military and security forces. Ban Ki-Moon, secretary-general, United Nations has demanded protection of human rights in Egypt. But immediate concern before the Egyptians is that the fresh clash must not upset the elections coming up next week.

Interestingly, the person who is largely blamed for bloodbath in Tahir Square is Field Marshal Mohamed Hussein Tantawi. He is the one responsible for overseeing the transition of Egypt to peaceful democracy.

Violence erupts in Cairo as military government struggles with protestors

On Sunday, the city of Cairo saw fresh eruption of violence as thousands of demonstrators took to the street demanding the end of military government. They were demanding quick transfer of power from military to civilian rule.The protest took an ugly turn when Egyptian troops tried to evict the demonstrators from Tahir Square, the city’s landmark, using force. The unrest soon spread to other cities in Egypt, claiming not less than 10 lives and leaving hundreds injured.

The use of rubber bullets and tear gas on civilians worsened the situation on Sunday’s rally. It is reported that many of the protesters were beaten and taken into custody by security forces. The action of Egyptian troops and police were severely criticized all over.

The Sunday's protest rally was the continuation of a peaceful demonstration on Friday. Called “Friday of One Demand,” it saw the largest turnout since the 18-day revolt that resulted in the eviction of Hosni Mubarak, February this year. Demonstrators claimed that the protest is the result of growing discontent on present military government in Egypt, especially over their shameful attempt to grant Supreme Council of Armed Forces (SCAF) with special power. Egyptians are concerned that the strong hold that the present military government wants to enjoy through SCAF in future government could influence major policy decisions.

Right now, Cairo is looking forward to their upcoming elections starting from November 28th, 2011. Hopefully, things should work out well for Egypt under a civilian government.

Libya celebrates as son of Gaddafi is taken into custody

Gaddafi’s son Saif al-Islam, the onetime successor of Colonel Muammar Gaddafi, is reported to have been nailed on Saturday by the Libyan militia fighters. The 39-year-old Saif has been captured along with his three bodyguards early morning near Awbari while trying to join his brother in Niger. He has been on the wanted list by International Criminal Court for months.

Presently, Saif al-Islam is under arrest in Zintan. While it is most likely that Saif would be handed over to the International Criminal Court (ICC) on war crimes charges, but Zintan militia may want him to be brought to trial in his own country, Libya. This may take a few days to work out. But possibilities are that militia leaders in Zintan would like to cash on Saif’s capture and play hard for a big role in the new Libyan government.

Saif, the son of erstwhile leader Muammar Gaddafi of Libya, has been found slightly injured in the clashes, but otherwise he is in good health.

Libyans celebrated Saif al-Islam’s capture as thousands took to the streets and gun fires were shot to mark the occasion. Libyans were seen dancing and hugging each other, but, for once, nobody seemed to mind.

Europe braces against the prospect of credit crunch deepening

Prospect of credit crunch deepens in Europe as markets witnessed massive selling of European government bonds by financial institutions around the globe. Such was the fear that not only new bond issues were shown the doors, but short term loans to reputed European banks were also cancelled.

Low investors’ confidence on European government bonds is believed to be linked with little information about the actual credit status of European banks and the way they are handled. Already Asian investors have started pulling out from European markets. Even Rabobank with AAA-credit rating, considered among the best European banks, had his loan cancelled by American institution, Vanguard.

On Friday, Mario Draghi, the newly appointed president of European Central Bank, has urged the countries affected by debit crisis to come to their own rescue instead of depending on the central bank.

It is feared that if selling pressure continues, higher borrowing costs, more cost cutting and slower growth would plague wider Europe. Euro zone banks are already in deep crisis trying to meet the rising borrowing costs. This is despite half a trillion cash inflow (in Euro currency) in debt from the European Central Bank. But this has little effect on the negative growth story in Europe so far. Already German bonds and Swedish bonds have started showing weakness. They are not strong as they used to be. Though they still are a safer bet than other European bonds – French, Spanish or Italian bonds.

Italy’s Mario Monti proposes big plan for reform and growth

After coming to power on Wednesday, Mario Monti’s new government on Thursday made public its plan to bring in stringent reforms to turn around country’s economy. The highlights of the measures proposed by the new Italian PM are ¬– budget cut, revenue hike, change in labor law and pension system and bringing down tax evasion.

From what appears to be a major shift since ex Italian Premier Silvio Berlusconi’s departure, the present Italian government has made its priorities clear and its intention sincere. Italy is not afraid to take on the challenge posed by debt crisis. Mario Monti urged that how fast and successfully Italy can come out of debt crisis would also have a positive and significant bearing on ‘Euro’ and the Euro zone. For that Italy needs to act fast and push for sweeping changes. Monti, the ex- EU commissioner, said that he is counting on the European Union to lend support to Italy.

On Thursday's confidence vote, the Italian Prime Minister has got thumping victory from his Senate. He is set for another confidence vote on Friday.

Mario Monti on the hot seat as new Italian Premier

Only a day after the exit of Berlusconi, Giorgio Napolitano as the President of Italy gave his formal approval to Mario Monti to become the new Prime Minister on Sunday. In doing so, the cool and competent 68-year-old Monti has replaced the charismatic and flamboyant Silvio Berculoni to head Italy. Lovingly called ‘Super Monti’, the new Italian Premier has recently received the “senator for life” title from the Italian President for his distinguished role as an economist and as ex-European Commissioner.

It is said that Mario Monti had initially showed interest to form a coalition government, but after most of the major parties showed their reluctance, that idea was shelved. It is now expected that the new cabinet would consist largely of technocrats.

As the new Italian Premier, Mario’s priority will be to implement austerity measures, arrest Italy’s piling debt crisis and win back the confidence of financial markets. Not an easy task, considering that Monti will be closely watched not only by his own country, but also by the EU leaders and skeptical investors. It is indeed ‘the’ testing time for Italy’s Super Mario and also a nerve-racking moment for Europe who are desperate to cut back on Euro risk (currency).

Italy’s Silvio Berlusconi bows out of Prime Ministership

Silvio Berlusconi, the longest-serving Italian Premier since World War II, stepped down on Saturday. His exit marks an end to a political career spanning almost two decades. The resignation of the three-time elected Premier in Italy came immediately after the parliament gave sanction to austerity measures to address debt crisis.

With Berlusconi’s big exit, President Giorgio Napolitano is now expected to appoint a new government, probably headed by a technocrat. The name that is coming up as the most likely candidate for the prime ministerial’s post is that of Mario Monti. His role as a respected economist and also as former European Commissioner gives him an edge over others in leading Italy through the current debt crisis and stepping up economic reforms. Monti is also said to enjoy the support of financial and European institutions.

The priority of the new government would be to step up measures to reduce Italy’s huge public debt (amounting to 1.9 billion Euros), steer its economy on the path of growth and to get back investors’ confidence in Italian economy.

Though Silvio Berlusconi’s party, Pasok, has given its support to Mario Monti, they might want to have a say in the composition of new cabinet.

Greece chooses Lucas Papademos as the new Prime Minister

Finally after days of eager anticipation, Greece has found its new interim Premier in the form of Lucas Papademos on Friday. Papademos, a much respected economist and also an ex- European Central Bank vice president is the new head of the interim three-party coalition government, the national unity government. He has replaced George Papandreou, leader of the Socialist party, Pasok. The new government is expected to push through the long-awaited tough austerity measures and steer the country away from the massive debt crisis.

The swearing-in ceremony was graced by the President of Greece Karolos Papoulias and spiritual head of the Greek Orthodox Church, Archbishop leyronymos. In the new 48-member cabinet are Evangelos Venizelos, who retains his finance minister portfolio, and Stavros Dimas, as the new foreign minister. Dimitris Avramopoulos holds the post of both defence minister and New Democracy law maker.

To retain its Euro zone membership, Greece under the leadership of Lucas Papademos has some toughest measures to take to deal with the ongoing debt crisis. Foremost are; implementation of tougher austerity measures, securing the release of the next installment (8 billion Euros aid) as per 2010 agreement, getting the sanction of 130 billion Euros rescue package and the sanction of 2012 budget (considered to be the toughest one) by the parliament.

European debt crisis threat as Italian Bonds touches new high

The fear of European debt crisis became more pronouned on Wednesday as Italian government bond spiked to a new high of 7 percent plus. Italian market tumbled in the afternoon as bonds breached the important threshold of 7 percent, triggered by the fear that EU has no rescue plan for Italy. This had a spiraling effect on other world markets, including Asian markets on early Thursday.

Italy, a core Euro zone member and the 8th largest world economy, is the world’s third largest bond market. Its debt amounts to a huge 2.6 trillion Euros – considered too much to be absorbed by EU.

German chancellor, Angela Merkel, warned that unless concrete and quick structural reforms take place to cut cost, it could result in collapse of the Euro currency. Angela Merkel has also demanded changes in the EU treaties.

The European Central Bank has bought, until recently, large chunks of Italian bonds to cut back its borrowing cost. But it is unlikely that the bank will be willing to buy any more after the new high.

As the resignation of Italian Prime Minister, Silvio Berlusconi, is still a month away, investors confidence has gone southward. Experts feel that Wednesday’s market reaction is not because of its poor fundamentals but because of fear of instability triggered by lack of decisive action on the part of Italian Premier.

Italian Premier selected Angelino Alfano as the next party head

On Wednesday, the outgoing Prime Miniter of Italy, Silvio Berlusconi, pushed for early elections in 2012 . The Italian Premier claimed that he is not going to contest in the next election. But the longest-serving Italian Prime Minister named Angelino Alfano, as the head of People of Freedom party and likely candidate for the Prime ministerial’s post.

In the mean time, the fear of Italy’s debt crisis worsened on Tuesday as its financial market reacted adversely to the news. Its 10-year government bonds hit a shocking 6.95 percent, a jump of another 0.37 percent from Tuesday’s high. Experts have estimated that over the next few years, Italy would need 825 billion to 907 billion Euros in capital flow to tide through the debt crisis.

Silvio Berlusconi offered to vacate his chair on Tuesday after losing overall majority in Parliament. The announcement came after Berlusconi’s centre-right coalition managed 308 votes out of 316 votes, 8 votes short from absolute majority. The 70-year-old dominant Italian figure would, however, stay until budget reforms are passed by the Italian Parliament. As of yet, no date has been confirmed regarding vote on budget, but it is likely to be later this month.

Italy on jitters over the debt crisis

After Greece, it is Italy’s turn to be hit by the spiraling debt crisis. On Monday, Europe’s financial crisis worsened as Italian government bond almost touched 15-year high, aided by slow economic growth. Like Greek Prime Minister George Papandreou, pressure mounted on Italian Prime Minister, Silvio Berlusconi, to resign and allow a new government to exercise reforms to reduce debt. But unlike Papandreou, the Italian Prime Minister refused to step down from his chair.

Unlike Greece, Portugal and Ireland, Italy needs a huge rescue package. The Italian debt amounts to 1.9 trillion Euros. It is feared that arranging for such a massive bail-out package could bring down the European Union, if not the global economy.

Monday saw the 10-year government bond of Italy touch 6.6 percent, the highest since Euro was introduced in 1997. As interest rate rises, government has to pay out more from its budget to investors who own these government bonds, thereby getting into debt.
The austerity measures promised by Italy to the European Central Bank was supposed to be passed before November 15th, current year. But that is caught in the deadlock because of conflicting interest within the government.

In an effort to save Italy from going under further debt crisis, European Central Bank has been buying government bonds to check its borrowing costs. But to tackle debt crisis, the Italian government must be prepared to take tough stand.

Greek Premier to stand down to allow coalition government

Amidst intense pressure, the Prime Minister of Greece is going to step down on Monday to make way for a national unity government. The announcement was made on Sunday night by the Greece President Karolos Papoulias to assure EU leaders that Greece is serious about dealing with the debt crisis. Greece is currently on the verge of economic collapse and is desperate for the 130 billion Euros rescue package.

Before the announcement, Greek Premier, Papandreou, held talk with the head of the leading opposition, Antonis Samaras, and the President. It was agreed in the meeting that the interim coalition government, under a new Prime Minister, will work on the debt-relief agreement with the EU.

The Sunday's Presidential statement also stated that the two leaders, George Papandreou and Antonis Samaras, are going to meet on Monday. They will decide on the next Greece Prime Minister and the other ministers in the new ruling party. Both the leaders have agreed Feb 19, 2012 to be the suitable date for Greece Election.

In the new national unity government, both the Socialist party and the New Democracy party will have share. Both Greece and the EU leaders are expecting that the coalition government headed by a new Prime Minister will have backing of both the parties. He should be able to serve long enough to execute the new austerity measures needed for the fulfillment of the debt agreement and pass 2011 budget.

A Simple Guide for writing a Dissertation

Writing a dissertation could be tough without prior planning or the right approach. Yet, it is an integral part of your curriculum that you must undertake to complete your academic career – whether it is a graduation programme or a PhD. Much of the success depends on the amount of effort you put in and your unwavering attention.

To help you stay on the right track throughout the process of writing the Dissertation, here’s a simple guide:

Take time to consider your Dissertation topic:

• While selecting the topic of your Dissertation, make sure that you have enough confidence in it. You should also be passionate enough to do research on it and find a solution to the problem. Yes, passion is the key word here; but don’t go overboard!
• Stay clear of topics that are vague, too grand or too complicated to pull off. Time and resources could be your biggest constraints. Instead, narrow down on topics that are simple yet interesting, relevant and current.
• A good topic needs a title to go with it. An interesting title could fetch you some extra points from your reader (in this case your professor).
• Ensure that sufficient research material is available on the topic of your choice. This includes previous studies, observation instruments, tested survey, up-to-date theoretical data, etc.

Prepare and organize:

• Give careful thoughts to understand the requirements laid down by the Dissertation committee.
• Think about your research – the steps that you are going to take, the categories and sections that are to be added, the guiding questions for framing your research, etc.
• At this point, you may want to conduct a preliminary study to analyse some of your research ideas.
• You should also consider the help that you might need and where you are going to get them –faculty members, advisory committee, your research participants, etc.
• Take time to consider about the particular research methodology you may want to follow – whether the methodology is going to be qualitative or quantitative or both.
• Make a journal to jot down the ideas as they come up.
• Plan a schedule. Set a specific milestone for each phase and an achievable goal. Periodically update your milestones as you go along.

Writing the Dissertation:
Dissertation writing involves recognizing a gap or a problem in the existing knowledge or a system. For example, if you have identified low employee morale in a company or in an institution, this problem could be the possible fall out of some other problems, like multi tasking, prolonged work hours, intense work pressure, etc. If this has never been investigated before, this could be the ‘gap in the system’ you are looking for – the subject of your dissertation or the basis of your study.

Write the easiest sections first: Instead of starting with Chapter 1, it is advisable to begin writing those sections that you find most comfortable and finish them. Once you have completed all the sections, spread them out in front of you and sequence them as best as you can or in the manner you want them to be.

Structure of Dissertation

• Abstract: Since an abstract gives an overview or a general idea to the reader about what this dissertation is all about, it is written in the preliminary pages. It usually completes within 2-4 paragraphs, not exceeding 250-350 words, and sometimes even less. In an abstract, the first paragraph states the problem and the purpose of its study. The second paragraph highlights the method(s). The third paragraph deals with the findings, while the last one includes conclusions and recommendations.
• Table of contents: This is actually invaluable to you. It shows the main sections and sub sections along with their respective page numbers. Table of content allows you to sequence your sections in the most logical manner. If you have missed out any section inadvertantly, you can easily insert it in the table and improve your dissertation.

• Chapter 1: Contains the introduction. Explains in details about your research question and why it is so important. Here you also present your hypothesis and a brief account of the conclusion. You may also leave writing the first Chapter for the end after finishing all other chapters. This chapter comprises roughly 10% of your dissertation
• Chapter 2: This includes literature review. In this chapter, you compare other people’s theories and ideas with your own research. You should give comparisons from a minimum of 10 different sources. This chapter comprises approximately 20% of your dissertation.
• Chapter 3: This section comprises methodology. Here you present the method (s) you adopted in conducting your research. For instance, for data collection you might have prepared questionnaires or interviewed your research participants. The main objective of this chapter is to give an experienced investigator sufficient data to duplicate your study and test it.
• Chapter 4: This includes the findings on the basis of your detailed analysis of the empirical data and comprises about 30% of your project. Make sure that you do not draw conclusion over here.
• Chapter 5: This includes dissertation defense. This is the toughest part of the dissertation as you would find yourself defending your interpretations. This is also the time when there will be exchange of ideas and to show how well prepared you are.
• Chapter 6: This is the concluding part of your dissertation where you draw your conclusion (s) based on your research. Here you make sure that the questions that were raised in the earlier chapters have been addressed. You can also give your recommendations/ideas for future research.

Finally, do not forget to add Bibliography and appendices on separate pages. This completes your dissertation.

Papandreou secures the confidence vote

With the win of confidence vote on Saturday, the Prime Minister of Greece has tackled a crucial political crisis in the recent time. The victory stamps the official approval of the Greece parliament on the debt agreement reached with EU leaders last week. The win though came by a narrow margin, 153 to 145, is going to pave the way for the EU to sanction bail out package for Greece, needed to manage the current debt crisis. Saturday’s victory means, Greece is going to receive 8 billion Euros as relief installment from EU and IMF next month. This is expected to allow Greece to pay its next month’s bill and avoid immediate default.

As per the Greece bail out package, The EU along with IMF would finance a total of approximately 109 billion Euros in Greece debt. Major private sector banks in Europe has voluntarily agreed to contribute another 37 billion Euros. In exchange, Greece is expected to cut down on government jobs, reduce pensions and encourage privatization.

The vote ends a jittery week that started with Papandreou’s announcement of holding an election on Greece’s debt agreement. He was then forced into a humiliating climb-down not only by the EU leaders but also by the members of his own Socialist party, Pasok.

Also on Saturday, the Greece Prime Minister has called on the Greece President, Karolos Papoulias, to ask for his permission to help form a coalition government. He has expressed urgency to break through the controversial Greece rescue package. George Papandreou has also voiced his intention to step down to make way for the coalition government.

Greece Premier assures December ballot on debt crisis

With the fear of expulsion from the Eurozone looming large on Greece, Premier George Papandreou opts for early December vote. The referendrum is hoped to seal the deal for Greece’s chance to remain an Eurozone member. Though, in doing so, Greece will have to abide by severe austerity measures.

The assurance from George Papandreou came amidst veiled threat from European leaders, especially from France and Germany. The failure to get a clear mandate could mean Greece will cease to be a member of the Eurozone. Plus, it will stop receiving European aid. On the other hand, to remain an Eurozone member and in exchange of using the 12-year old currency, its banks will have to willingly absorb 50 percent loss in Greek bonds.

The threat is the outcome of Papandreou’s letter to Eurozone leaders on Monday. In the letter, Papandreou expressed his plan to hold an election on the second bail-out package details that was negotiated last week.

As of now, the European Union finance ministers are scheduled to meet next Monday to hasten the speed on decisions concerning the Eurozone relief package. But before this, Papandreou government is going to face confidence vote on Friday that will decide his own political career.

Palestine achieves UNESCO membership

Palestine has touched a major landmark on Monday as it won full membership in UNESCO – it has become the 195th member of the world body. In what appears to be a high-voltage dramatic moment, 93 delegates voted for Palestine out of the total 173 member delegates present. Only 14 votes went against inclusion of Palestine in the UN agency and 52 votes was reported abstentions.

The United Nations Educational, Scientific and Cultural Organization conducts and promotes various literacy and cultural events throughout the globe, apart from safeguarding the world heritage sites. It relies heavily on the American funding, which accounts for 22 percent of the total annual budget of UNESCO. The autonomous world body will also lose another 3 percent annual contribution from Israel. By defying the United States and granting full membership to Palestine, the UN agency has accepted significant financial loss. There is a growing concern that shortage of fund might send the Middle East peace efforts for a toss.

The United States has threatened to stop UNESCO funding and has cancelled $ 60 million planned for the month of November.

Monday’s vote signifies a symbolic victory for Palestine. As Palestine signs the founding charter of UNESCO, it will officially become the 195th member.

Northwest and Southwest China shaken by earthquakes

Two moderate earthquakes jolted the Northwest and the Southwest region of China separately on Tuesday. There was no immediate official confirmation about casualties or damages to properties. But houses in the mountain areas are reported to develop cracked walls and broken roof tiles. In the North-western province, about dozens of buildings are believed to have been damaged by the quake.

The epicenter of the earthquake in China was centered at 96 km from the Yining City and roughly 130 Km from the China-Kazakhstan border. The earthquake struck the remote North-western Xinjiang province at 8:21 am, local time. The magnitude of the earthquake, as recorded by the US Geological Survey, was 5.4 on the Richter scale.

Incidentally, the Xinjiang province had just had an earthquake in the month of August. It had left 3 people critically wounded and damaged about 30 residential buildings.

The other one that hit the Southwest region bordering the provinces of Sichuan and Gansu on Tuesday has recorded 5.5 on the Richter scale. The quake struck at 6 am.

Experts have been dispatched to the affected areas to assess the damage and initiate relief and rescue measures.

Australian airline Qantas to resume operation

Finally much to the relief of passengers and its fleet members, the Qantas airline is set to re-start its domestic and international flight operation from Monday. Rated as one of the largest global airways, the airline has suspended its entire fleet since last Saturday. This has affected nearly 68000 passengers worldwide. In the latest development, the Qantas has been ordered by a government tribunal to put a stop to the 14-month long industrial dispute.

In recent months, the leading airline has been plagued by a number of labor disputes over pay inequalities, working conditions and outsourcing of jobs. In spite of an appeal made by Julia Gillard, the Australian Premier, the Australian airline went on to cancel its entire 447 flights on Saturday. It also threatened to lock out its entire fleet members – from pilots and engineers to baggage and catering crews.

Alan Joyce, the Qantas CEO, has come under severe criticism for gross mishandling of the situation – fleet canceling and failure to control tension with the unions. The latest decision granted by the Australian tribunal gives both the parties 21 days to reach an agreement, failing which they would face arbitration.

The 90-year-old Australian airways is about to re-start its flight at 3:30 PM Australian local time on Monday. Though, a full restoration of operation globally might take some more time as its 108 plus aircraft are parked around the globe. Unions representing air and ground staff of international and domestic sectors of Qantas have expressed their hope for a “positive outcome” of the negotiation, and so are we. We hope for better days.

United States hit by unusual October snowstorm

It’s fall with Halloween barely a couple of days away, certainly not the time when you expect to be hit by severe blizzards. Yet on Saturday, most part of the North-Eastern United States was caught unaware as it witnessed a violent snowstorm all the way from Virginia to Maine. Nicknamed “snowtober,” for snow in October, the raging blizzard is reported to have emptied thick mass of ice, somewhere as deep as up to 30 cm.

Nearly 1.8 million people from Pennsylvania to New England were forced to stay indoors without electricity. Instead of spending the weekend in leisurely activities, people were reported stocking up their emergency supplies. Such was the condition in Washington that the White House had to suspend their Halloween party. By evening, the violent storm had gathered speed and changed into a violent Northeaster with wind speed of about 60 miles per hour.

Already since June 1st this year, the United States has been struck by 18 tropical storms coupled with 3-6 big hurricanes. October's Northeaster is a type that is usually seen in the middle of winter or end of autumn, certainly not before Halloween. What made the October’s snowstorm particularly interesting is the coming together of three unusual factors – high wind speed, heavy snow and trees that are in their near-green foliage.

As of now, people are anticipating very chilly Halloween. But, there’s a silver lining – this means early start of skiing season. Exciting! Isn’t it?

Europe calls for China to rescue Euro

Concerns over weak Euro have prompted EU leaders to seek out for Chinese investment. In what is seen as a major shift of power towards the East, top EU officials have initiated talk with China to rescue Europe with fresh funds. If this happens, this would give China the perfect opportunity to get a very strong hold in the Western financial world.

China indicated that it doesn’t want to be a mere spectator in the current debt crisis – Europe being their biggest trading partner. But Chinese government certainly needs to ensure that European heads meet certain key conditions – it doesn’t want to “throw away the countries wealth.” China has alluded that in exchange of emergency rescue fund, it expects European leaders, and the rest of the world, to stop criticizing its economic policy. In addition, it is also expected that China might demand various other concessions, which might include financial guarantees and concessions in trade policies, etc.

Klaus Regling, the head of the European rescue fund, on his visit to Beijing on Friday acknowledged that he doesn’t expect an immediate deal with China. Reports are going around that China has also made a tough proposal.

It is anticipated that if China choose to rescue Europe, it will bring the beginning of a new world order – overthrow the world’s most powerful financial power long held by the United States. Does that mean China is the new super power in the making? We have to wait and watch...

A new accord to address Eurozone debt crisis

After some hard bargaining, European leaders have finally succeeded in striking an agreement that could tackle the much-awaited Euro crisis or Eurozone financial crisis. Under the agreement reached on Thursday early morning, European banks would absorb 50 percent losses on Greek debt and would also step up the rescue package from 440 billion Euros to 1.4 trillion Euros. This is expected to address three important issues on hand – Greece debt crisis, unstable banking sector and, finally, global economy.

The agreement calls for Greek private bondholders to voluntarily write off the bond value by 50 percent, which roughly amounts to 100 billion Euros. This is believed to bring down their spiralling debt burden from 150 percent to 120 percent of its economic output (GDP) by 2020.

As a first step, banks are required to raise new ‘safe’ capital – at least 150 billion Euros by June end. This is needed to shield themselves from the losses incurred on loans to capital-starve countries including Greece. That, in turn, should increase their risk-free asset holdings to 9 percent of the total capital.

Though definitely a positive step, it remains to be seen how this enormous amount would be funded. Question is, can they arrange for such a massive bail-out fund? Only time will tell.

Gaddafi given a secret burial

Muammar Gaddafi remains a mystery even after his death. The Libyan leader, known for his eccentricity and enigmatic nature, has been buried in an unknown location in Sahara desert on Tuesday morning. The deposed leader of Libya together with his son Mutassim and one of his ex-aids was given an Islamic burial five days following his capture and killing.

Khaled Tantoush, late Colonel Gaddafi’s cleric, who was also captured with the ex-Libyan head, read a prayer following which the bodies were shifted from Misrata after four days of public display. The bodies were then handed over to two National Transitional Council (NTC) loyalists for inhumation. The time of burial is suggested to be 5 am local time.

Earlier the body of the deposed Libyan ruler was put in a meat locker in the coastal city of Misrata for five days of public display.

One of the reasons for such top secrecy is that NTC wanted to avoid the attempt by Gaddafi loyalists to turn his burial site to become a shrine.

It is being said that the witnesses presented at Colonel Gaddafi’s burial had been sworn on the Holy Koran never to expose the true location of Gaddafi's grave.

Amazon heat on publishers

Amazon, the world’s largest e-commerce site is soon going to into big-time publishing. Those who do not know, the premier shopping site has already been in the publishing business for several years. And this time the online retailer is creating a massive ripple in the publishing world with its ambitious expansion plan. The news is that Amazon is wooing top-notch fiction and non-fiction authors to bypass their publishers. This would not only place Amazon distinctively and fiercely in competition with New York’s publishing houses that have been its suppliers for years, but would also make the services of critics and literary agents redundant.

To give its flagship line a head start, the leading online company has hired the services of Laurence Kirshbaum, the ex-New York editor as the publishing head of Amazon. It has signed up an undisclosed deal with the noted self- help guru Timothy Ferriss in August this year. The inclusion of 34-year-old Timothy Ferriss as the first publishing writer in the leading company is seen as a natural choice as Ferriss is adept in new media (technology) as well as an expert in publishing himself. The writer is very much hopeful about the success of the technology company moving into publishing business in a big way. In mid-October, Amazon has also reportedly paid Penny Marshall, a noted actress and director a whopping $800,000 for her memoir.

Currently, Amazon is set to publish 122 books in various genres in the fall of 2011 – from e-book to physical form. Hailed for its deep pockets and unmatched distribution system, Amazon is trying to play down its goal to carve out a niche market. But traditional publishers are quite nervous about the new development as they have already been feeling the heat of rise in e-book sales for some time. But the new-age writers are not complaining. They seemed to be in a stronger bargaining position with their traditional publishers, at least for the time being. And so are the customers. For them book reading cannot get more interesting from the comfort of their home. Getting hands on just-launched books is like enjoying freshly baked cake straight from the oven!

Dramatic wipeout of Muammar Gaddafi

And finally justice has prevailed for the Libyans as the tyranny of Muammar Gaddafi met a brutal and shameful death. In his final hour, the self-proclaimed ‘King of Kings’ and his dwindling die-hard supporters were vastly outnumbered by National Transitional Council fighters (NCT). Colonel Gaddafi was captured while trying to flee from the coastal city Sirte, his home town and last strong hold, for the west. With his death comes an end of era marked by violent oppression and tyranny on Libyans and spread of instability and terror around the globe that lasted more than four decades.

Footage on Al Jazeera showed Muammar Gaddafi was captured alive. The fallen dictator of Libya had taken refuge in a highway drainage pipe after abandoning his jeep that he was using to escape from Sirte. His bloodied and staggering body was beaten and dragged through an angry and unrelenting crowd to an ambulance as he pleaded for forgiveness. Several conflicting accounts are coming out about the circumstances of his death. It is still to be known whether the Colonel died from gunshot wounds, bled to death in the ambulance on the way to Misrata or assassinated. There is also another version – he was shot in the chest by one of his guards. His partly naked body was driven to a mosque in Misrata (the western city) and DNA test was conducted. The forensic expert confirmed close-ranged bullet holes in his head and abdomen.

As of now, there is uncertainty about Colonel Gaddaffi’s burial. It has been postponed until a third party investigation over the circumstances of his death is carried out.

What a tragic end to a life that believed in violence and inflicting pain on others!