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Sunday, May 20, 2012

Facebook Shares Open on the Nasdaq

Shares in Mark Zuckerburgs dorm room project have opened on the Nasdaq index of shares and the stock currently stands more valuable than some consumer juggernauts like Mc Donalds and Amazon who also trade on the same stock exchange. 

The boss himself was given the honour  of ringing the opening bell remotely from the websites headquarters in California the trading floor being located in New York city. The roaring first day trade of the stock was welcome news for the stock brokers as the Nasdaq was on course for its worst week of 2012 thus far.

Thursday, May 17, 2012

Obama 2012 and the Gay Rights Movement: Opinion

Obama annouces his decision on ABC News
I have numerous discussions with people in recent days about the impact or lack there of of President Obama's recent declaration of support for full same sex marriage rights for gay and lesbian couples in America. While listening to major American news outlets people were hailing it a brave decision, his support was never doubted but to fully come out in favour of the proposition will undoubtedly lose some of his support in key swing states not least of all North Carolina, a state which repealed all legal rights between same sex couples to marry or engage in any civil partnerships on the 8th of this month.

However, many of my friends have chosen to take this decision cynically, saying it was needed to shore up the gay vote and that it will result in an influx of money into the campaign from gay rights backers. Let me address why I think both of these points are flawed.

Wednesday, May 16, 2012

Growing Fears for Greek Exit of the Euro

The office of Greek President Karolos Papoulias has announced that his country will be forced to hold a second general election after the parties failed to agree on a plan to enter a coalition. Talks are currently being held in Athens to form an interim caretaker Government until the next vote likely to be held in the middle of next month.

Fears are growing across the Euro zone that the Greeks will be forced out of the euro following the increasing lack of stability in their political class. There is also an expectation that it will be the extreme-left parties that will benefit most from the forthcoming elections following 5 years of harsh austerity and rising unemployment. . These parties have to various degrees been threatening to undermine the austerity model imposed by the EU and IMF under the terms of the country's bail outs. The election of such leaders and subsequent disputes with the EU could likely precipitate a withdrawal of Greece from the Euro.

Tuesday, May 15, 2012

American Politics and the Word Rhetoric Part 2

Presumptive  Republican nominee- Mitt Romney 
Since I last approached this topic a couple of weeks ago here: American Politics and the Word Rhetoric (Part 1) a number of major events have been happening in the murky world of American politics. Firstly, the Republicans now have a presumptive nominee (Ron Paul remains in the race) in Mitt Romney who will most likely take on a newly pro-marriage Barrack Obama in November (read a more specific post about this soon). 

As detailed in the last post I believe in the separation clearly of news and opinion on television and thus the obvious bias of Fox News and MSNBC in my opinion has no place in the national media of any country. These two bodies representing Conservative and Progressive opinion respectively are damaging to the national discussion and thus the productiveness of the entire political establishment.