German school massacre: Teenage gunman 'hated world'
Who? 17 year old Tim Kretschmer.
Where? Albertville secondary school, north of Stuttgart.
When? March 11 2009.
What? Teenager kills 15 people.
Why? He said he hated the world.
http://news.scotsman.com/world/German-school-massacre-Teenage-gunman.5063526.jp
Town reels from teenage killing
Who? Jeffrey Wise, 16 year old kid.
Where? in Minnesota Red Lake Highschool
When? Tuesday, 22 March, 2005.
What?first killed his grandfather and his grandfather's partner before heading to the school. There he killed a teacher, a security guard and five students and then killed himself.
Why? The FBI said Weise appeared to be acting alone and that his motive was unknown. Weise is reported to have expressed admiration for Adolf Hitler on a Nazi website.
http://news.bbc.co.uk/2/hi/americas/4373661.stm
Teen Shoots Eight People Dead At School
Who? Pekka-Eric Auvinen, 18.
Where? Jokela High school in Tuusula municipality, north of Helsinki.
When? Thursday November 8, 2007.
What? A teenager has died after killing eight people in a school shooting rampage.
Why? Because of the posting of a video predicting a massacre on YouTube.
http://news.sky.com/skynews/Home/Teen-Shoots-Eight-People-Dead-At-School/Article/20071121291987?lpos=Home_Article_Related_Content_Region_5&lid=ARTICLE_1291987_Teen_Shoots_Eight_People_Dead_At_School
Police chief: Teen shoots four, kills self at Cleveland high school
Who? Teenage kid, Coon.
Where? Cleveland, Ohio, high school
When? Wednesday October 11, 2007.
What? Teen shoots four, kills self at Cleveland high school
Why? Got in a fight before and got suspended.
http://www.cnn.com/2007/US/10/10/cleveland.shooting/index.html#cnnSTCText
Columbine Massacre
Who? Dylan Klebold and Eric Harris.
Where? Columbine High School Colorado.
When? On April 20, 1999.
What? twelve students, one teacher, and the two murderers were dead.
Why? Reasons unknown. Teens related with violence, and spent a lot of time together.
http://history1900s.about.com/od/famouscrimesscandals/a/columbine.htm
Student shoots classmate in Memphis school cafeteria: official
Who? Name wasn't published.
Where? Memphis, Tennessee high school
When? 10 Feburary 2006.
What? A student was shot by a classmate in the cafeteria.
Why? The teenager was bullied by another student and looked for revenge.
http://afp.google.com/article/ALeqM5i76bLKJpzVhDIvxl6arqUuGLjD-w
martes, 17 de marzo de 2009
martes, 3 de marzo de 2009
HSBC Seeks $18 Billion in Capital and Cuts 6,100 Jobs
By JULIA WERDIGIER
Published: March 2, 2009
LONDON — HSBC Holdings, the biggest bank in Europe, decided on Monday to finally draw a line under its troubled subprime mortgage lender as it asked investors for £12.5 billion, or about $18 billion, of new capital to prepare for further deterioration of the global economy.
HSBC, which has not sought capital from the British government, said it would stop writing consumer loans in the United States and wind down the unit, formerly called Household International, which it renamed HSBC Finance, in the next five years.
The bank will retain its credit card business and commercial retail bank in the United States, but the closure of most of its HSBC Finance branches and the reduction of 6,100 jobs will signify the end of HSBC’s push, started six years ago, to grab a share of the subprime market.
In announcing the share sale for about $18 billion, the bank conceded that the acquisition of the business, whose increasing losses ate into group earnings last year, had been a mistake. But it also said it would have to continue to inject capital into the business until its closing as impairment charges were likely to increase.
“With the benefit of hindsight, this is an acquisition we wish we had not undertaken,” the HSBC chairman, Stephen Green, said at a news conference in London.
HSBC’s bad loan charges amounted to about $53 billion over the last three years, most of that from the United States unit. The bank wrote off $10 billion for the entire value of the American business, but the unit still has a mortgage portfolio of $62 billion.
Mr. Green added that HSBC remained committed to the United States, but now must rethink its strategy there.
Any new strategy would be closely linked to HSBC’s goal of further shifting earnings toward Asia, Latin America and other emerging markets. Mr. Green said any new lending business in the United States would be linked to operations elsewhere, like offering products to Hispanics in the United States by using existing networks in Latin America.
“The sensible thing for HSBC would have been not to buy Household in the first place,” said Colin Morton, an investment director at Rensburg Fund Management in Leeds, England. “But they are right to get rid of it, and now they should be in a pretty good position to get some high-quality business.”
HSBC said it planned to use part of the capital increase for acquisitions, but ruled out any large takeovers. The bank plans to raise the money it needs in a rights issue by offering new shares to existing investors. It has been fully underwritten by a group of banks led by Goldman Sachs and JPMorgan Cazenove.
http://www.nytimes.com/2009/03/03/business/worldbusiness/03hsbc.html?ref=economy
When? On Monday March, 2 2009
Where? In London
Who? HSBC Holdings
What? Asked investors for £12.5 billion, or about $18 billion, of new capital to prepare for further deterioration.
Why? To prepare for the economic crisis
Published: March 2, 2009
LONDON — HSBC Holdings, the biggest bank in Europe, decided on Monday to finally draw a line under its troubled subprime mortgage lender as it asked investors for £12.5 billion, or about $18 billion, of new capital to prepare for further deterioration of the global economy.
HSBC, which has not sought capital from the British government, said it would stop writing consumer loans in the United States and wind down the unit, formerly called Household International, which it renamed HSBC Finance, in the next five years.
The bank will retain its credit card business and commercial retail bank in the United States, but the closure of most of its HSBC Finance branches and the reduction of 6,100 jobs will signify the end of HSBC’s push, started six years ago, to grab a share of the subprime market.
In announcing the share sale for about $18 billion, the bank conceded that the acquisition of the business, whose increasing losses ate into group earnings last year, had been a mistake. But it also said it would have to continue to inject capital into the business until its closing as impairment charges were likely to increase.
“With the benefit of hindsight, this is an acquisition we wish we had not undertaken,” the HSBC chairman, Stephen Green, said at a news conference in London.
HSBC’s bad loan charges amounted to about $53 billion over the last three years, most of that from the United States unit. The bank wrote off $10 billion for the entire value of the American business, but the unit still has a mortgage portfolio of $62 billion.
Mr. Green added that HSBC remained committed to the United States, but now must rethink its strategy there.
Any new strategy would be closely linked to HSBC’s goal of further shifting earnings toward Asia, Latin America and other emerging markets. Mr. Green said any new lending business in the United States would be linked to operations elsewhere, like offering products to Hispanics in the United States by using existing networks in Latin America.
“The sensible thing for HSBC would have been not to buy Household in the first place,” said Colin Morton, an investment director at Rensburg Fund Management in Leeds, England. “But they are right to get rid of it, and now they should be in a pretty good position to get some high-quality business.”
HSBC said it planned to use part of the capital increase for acquisitions, but ruled out any large takeovers. The bank plans to raise the money it needs in a rights issue by offering new shares to existing investors. It has been fully underwritten by a group of banks led by Goldman Sachs and JPMorgan Cazenove.
http://www.nytimes.com/2009/03/03/business/worldbusiness/03hsbc.html?ref=economy
When? On Monday March, 2 2009
Where? In London
Who? HSBC Holdings
What? Asked investors for £12.5 billion, or about $18 billion, of new capital to prepare for further deterioration.
Why? To prepare for the economic crisis
lunes, 2 de marzo de 2009
News Analysis
1.Who is Robert Mugabe? How long has he been in power? How popular is he?
Robert Mugabe is the President of Zimbabwe. He has been in power since 1980 as the head of government. In 1980 to1987 as Prime Minister and first executive head of sate since 1987. He is known for spending money in his parties that should be given to the country.
2.Who is Morgan Tsvangirai? Whicgh is/ has been his political role?
Morgan Tsvangirai is the Prime Minister of Zimbabwe and President of the Movement for Democratic Change – Tsvangirai. His political role has been opposite from Mugabe. He is preoccupied because of the hospitals and the citizens of Zimbabwe.
3.What happened during last year's elections? Which was the outcome?
Tsvangirai last year said Mugabe's birthday party was "a gathering of the satisfied few." But at that point, he and the president were preparing to face off in a hotly contested presidential election.
The out come was that Mugabe won the elections.
4.What is the economic situation in Zimbabwe? How do the people feel about this?
The economic situation in Zimbabwe is catastrophic. The cholera outbreak has worsened Zimbabwe's economic crisis.
People are desperate. They are suffering from a cholera outbreak, food shortages, and spiraling hyperinflation. The Prime Minister visited a hospital that needed $30, 000 to resume operating in the intensive care unit.
5.What do you think about the celebrations and the lavish party?
I think these celebrations are very unfair. While people are suffering from cholera and closed hospitals the President is enjoying of parties and celebrations. If people can raise money for a party, they can also raise it for desperate citizens who are suffering for water, food and medicine.
-------------------------------------------------------------------------------------
a) Give the conflict a name and explain why you think it is a conflict.
Majorities suffering; minorities celebrating
While the President is celebrating and raising money for his own good, people from Zimbabwe are dying. Hospitals are closing and people from intensive care are staying with out medical help and are dying.
b) Who is involved and why?
Citizens and the President are involved because while he spends money citizens are paying for the consequences.
c) Explain in detail why the conflict has happened.
People don’t know who they are voting for. Crisis was already happening in Zimbabwe and the President instead of helping, is worsening everything. People obviously are in disagreement, and they are devastated because of the health and economic crisis.
d) Give a timeline of events (at least 5) related to the conflict.
1)Mugabe's ZANU-PF party said it raised at least $250,000 to hold the party in Mugabe's hometown of Chinhoyi.
2)Prime Minister Morgan Tsvangirai visited a hospital's closed intensive care unit that he said needed $30,000 to resume operating.
3)Mugabe announced that his controversial land reform would not be reversed.
4)February 21: Mugabe's birthday
5)Once a darling of Zimbabwe, Mugabe is blamed for driving the country into a meltdown.
6)A cholera epidemic that broke out in August has since hit every corner of the country, killing 3,731 people and infecting nearly 80,000,
7)On Sunday, Tsvangirai appealed to the international community to help Zimbabwe's crippled economy, saying it would take $5 billion to stabilize the country
8)The cholera outbreak has worsened Zimbabwe's economic crisis
e) How do you think this conflict can be solved and why?
The problem can be solved getting this President out of the power and taking extreme decisions to save this country. I think people should be happy to have someone were they can feel security and not like Mugabe and his party.
Robert Mugabe is the President of Zimbabwe. He has been in power since 1980 as the head of government. In 1980 to1987 as Prime Minister and first executive head of sate since 1987. He is known for spending money in his parties that should be given to the country.
2.Who is Morgan Tsvangirai? Whicgh is/ has been his political role?
Morgan Tsvangirai is the Prime Minister of Zimbabwe and President of the Movement for Democratic Change – Tsvangirai. His political role has been opposite from Mugabe. He is preoccupied because of the hospitals and the citizens of Zimbabwe.
3.What happened during last year's elections? Which was the outcome?
Tsvangirai last year said Mugabe's birthday party was "a gathering of the satisfied few." But at that point, he and the president were preparing to face off in a hotly contested presidential election.
The out come was that Mugabe won the elections.
4.What is the economic situation in Zimbabwe? How do the people feel about this?
The economic situation in Zimbabwe is catastrophic. The cholera outbreak has worsened Zimbabwe's economic crisis.
People are desperate. They are suffering from a cholera outbreak, food shortages, and spiraling hyperinflation. The Prime Minister visited a hospital that needed $30, 000 to resume operating in the intensive care unit.
5.What do you think about the celebrations and the lavish party?
I think these celebrations are very unfair. While people are suffering from cholera and closed hospitals the President is enjoying of parties and celebrations. If people can raise money for a party, they can also raise it for desperate citizens who are suffering for water, food and medicine.
-------------------------------------------------------------------------------------
a) Give the conflict a name and explain why you think it is a conflict.
Majorities suffering; minorities celebrating
While the President is celebrating and raising money for his own good, people from Zimbabwe are dying. Hospitals are closing and people from intensive care are staying with out medical help and are dying.
b) Who is involved and why?
Citizens and the President are involved because while he spends money citizens are paying for the consequences.
c) Explain in detail why the conflict has happened.
People don’t know who they are voting for. Crisis was already happening in Zimbabwe and the President instead of helping, is worsening everything. People obviously are in disagreement, and they are devastated because of the health and economic crisis.
d) Give a timeline of events (at least 5) related to the conflict.
1)Mugabe's ZANU-PF party said it raised at least $250,000 to hold the party in Mugabe's hometown of Chinhoyi.
2)Prime Minister Morgan Tsvangirai visited a hospital's closed intensive care unit that he said needed $30,000 to resume operating.
3)Mugabe announced that his controversial land reform would not be reversed.
4)February 21: Mugabe's birthday
5)Once a darling of Zimbabwe, Mugabe is blamed for driving the country into a meltdown.
6)A cholera epidemic that broke out in August has since hit every corner of the country, killing 3,731 people and infecting nearly 80,000,
7)On Sunday, Tsvangirai appealed to the international community to help Zimbabwe's crippled economy, saying it would take $5 billion to stabilize the country
8)The cholera outbreak has worsened Zimbabwe's economic crisis
e) How do you think this conflict can be solved and why?
The problem can be solved getting this President out of the power and taking extreme decisions to save this country. I think people should be happy to have someone were they can feel security and not like Mugabe and his party.
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