Despite predictions of a close race forcing an unstable coalition government, India’s Congress Party on Saturday claimed a major victory in national elections, leaving it with enough parliamentary seats to form a government with only minimal support from other parties. Congress is expected to win 205 out of 543 seats, according to India’s Election Commission, garnering 124 million votes. So how does Prime Minister Manmohan Singh plan to use the electorate’s strong mandate for his second term in office?
Tag Archives: Daily News
Saudi crown prince’s illness raises questions
Saudi Arabia’s crown prince was convalescing Saturday in Morocco where he arrived this week after surgery in New York City, the state-run Saudi Press Agency said.
A guide to the world’s best music festivals
More than 160,000 people flocked to the tenth Coachella music festival in April, signaling the start of the annual summer music festival season worldwide.
See a bad driver? Flip a tweet, not a bird
Why waste your time futilely shaking your fist at the driver who cut you off on the country road when you can take him to task on the information superhighway? AKBadDrivers is a month-old Twitter feed that takes road rage into the information age
SocGen head resigns after trading scandal
The chairman of Societe Generale, the French bank whose reputation was hit by a massive trading scandal last year, said on Wednesday he would resign in the wake of repeated criticism over his performance. In a statement, Daniel Bouton said: “Like any manager, I have certainly made mistakes” while he led France’s second largest bank, “but the strategy adopted by Societe Generale has made it one of the finest banks in the euro zone.” “The repeated attacks against me personally in France for the past 15 months affect me, but most of all, they risk harming the bank and its 163,000 employees,” Bouton added, saying it was “better for me to withdraw, proud of having led a wonderful company.” Bouton was Societe Generale’s chief executive in January 2008 when the bank announced one of the world’s largest trading scandals, which caused losses of more than $7.2 billion. He resigned as CEO last May but stayed on as chairman.
Volcano finds followers aflutter on Twitter
Alaska’s Mount Redoubt towers more than 10,000 feet above sea level, is an active volcano and can send clouds of ash so high that jetliners could be at risk.
The State of the Media: Not Good
2009 State of the News Media The Pew Research Center’s Project for Excellence in Journalism The Gist: The American financial and auto industries aren’t the only ones falling apart before the nation’s eyes. “Imagine someone about to begin physical therapy following a stroke [and] suddenly contracting a debilitating secondary illness,” researchers at the Project for Excellence in Journalism write about the news media’s long-overdue embrace of the Internet in 2008, just as a global recession began wreaking havoc on the industry’s biggest advertisers
Deal aimed at keeping San Francisco Chronicle publishing
San Francisco Chronicle has reached a tentative agreement with its largest union on contract concessions, a key step in keeping the newspaper from being sold or closed, officials announced Monday. The Chronicle told employees last month that the paper was at risk if it did not stop bleeding millions
The 10 Major Newspapers That Will Either Fold or Go Digital Next
Over the last few weeks, the newspaper industry has entered a new period of decline.
Denver paper latest victim of declining readership, ad revenue
After nearly 150 years in business, the Rocky Mountain News published its final edition Friday, the victim of a bad economy and the Internet generation. The final front-page headline simply says: “Goodbye, Colorado.” “It is with great sadness that we say goodbye to you today. Our time chronicling the life of Denver and Colorado, the nation and the world, is over.” The Rocky Mountain News’ owner, E.W