News & Current Events

(PHOTOS) Riots in London – August 2011

For the past three nights since August 6, London has been besieged by a series of riots and public disturbances. Described by the UK newspaper Guardian as “the worst disturbances of their kind since the 1995 Brixton riots,” the unrest has resulted to burning of cars and buildings, lootings in shops and commercial establishments, and violent clashes between rioters and police.
Below are pictures of the London riots from The Telegraph and BBC News websites.

Read More

No classes due to typhoon – Elementary, High School, College

For the entire day yesterday, July 26, our website experienced several downtimes and displayed various connection errors. I checked and apparently, the reason was that a lot of people were searching for news regarding the suspension of classes due to typhoon Juaning. Our post two years ago, entitled July 27 – Classes in NCR suspended was the most-viewed article and total site visitors more than doubled yesterday because of that.
However, that post was made in 2009. The good (?) news, though, is that classes are also suspended today, July 27, 2011 in all educational levels in areas under storm signals number 1 and 2.

Read More

[PHOTO] Giant tuko (tokay gecko) sold for $20 million?

Giant gecko tuko tokek - Indonesia, Philippines, MalaysiaTuko for sale!
We buy geckos for millions of pesos!
You’ve probably seen such lines in classified ads websites, watched the reports on TV about the supposed “tuko trading,” or heard the rumor from a neighbor or friend, but is it really true?
Can tokay geckos or tuko — supposedly with their medicinal properties that can cure AIDS or HIV — really be sold for hundreds of thousands or even millions of pesos?
PinoyMoneyTalk did a bit of online research and it seems to us that the current frenzy over the sale and trade of tuko in the Philippines stemmed from a news report published more than a year ago in an Indonesian newspaper claiming that a 64-kg gecko was sold for $20 million.

Read More

MySpace sold for 'only' $35 million; Justin Timberlake joins as investor

The dominance of social networking site Facebook has produced a bunch of winners and losers online.
Among the winners are Zynga, a games maker on the Facebook platform, that will soon have an initial public offering (IPO) estimated to raise around $1 billion for the company. Losers include former social networking site giant Friendster that has now rebranded itself and, most recently, MySpace, which was sold by News Corp. at a heavy loss for only $35 million.
History of MySpace
In July 2005, Rupert Murdoch’s News Corporation acquired MySpace at a staggering price of $580 million.

Read More

How rich is PNoy (Pres. Noynoy Aquino)?

How rich is the most powerful man in the Philippines?
If we are to rely merely on Pres. Benigno “Noynoy” Aquino’s official declaration in his Statement of Assets, Liabilities and Net Worth (SALN), we can say that he is rich compared to the “average” Filipino but is nothing compared to the richest Filipinos in the Philippines.

Read More

Japan recession in 2011

First, the natural catastrophes. Now, the economic disaster.
The massive earthquake and tsunami that hit Japan in March 2011 brought the world’s third largest economy back into recession, after its Gross Domestic Product (GDP) contracted by 0.9% during the first quarter of the year.

Read More

The richest PNoy cabinet members

Does wealth come with power or is power the source of wealth?
Whatever the case may be, if President Noynoy Aquino’s cabinet members are an indication, those in power are also the rich people in the in the Philippines.
Based on the 2010 Statement of Assets, Liabilities and Net Worth (SALN) submitted by PNoy’s Cabinet secretaries, all but one Cabinet member is a millionaire.

Read More