Month: October 2008

Pope launches crackdown on Medjugorje Shrine

by Simon Caldwell The Pope has begun a crackdown on the world’s largest illicit Catholic shrine – by suspending the priest at the centre of claims that the Virgin Mary has appeared more than 40,000 times. Benedict XVI has authorised ‘severe cautionary and disciplinary measures’ against Father Tomislav Vlasic, the former ‘spiritual director’ to six […]

Profile of a Filipino multi-millionaire in Silicon Valley

Dado Banatao is the managing partner of Tallwood Venture Capital, a venture capital firm in Silicon Valley with over $500 million under management. With his past experience as an entrepreneur, Dado provides Tallwood with a unique perspective in technology investments. Tallwood invests in unique and hard-to-do semiconductor technology solutions for computing, communication, and consumer platforms.

Calasiao town hall reduced to ashes

Calasiao Municipal Hall (Calasiao, Pangasinan) was newly-renovated but was reduced to ashes when fire broke down in the early morning of September 15, 2008. Vice Mayor Ferdinand G. Galang who is the incumbent head of Sangguniang Bayan said that the fire must have started at the Session Hall of Sangguniang Bayan. It engulfed every room […]

Minimum wage now $14.35/hour

The Labor Government announced that the new Federal Minimum Wage has been set at $543.78 per week or $14.31 per hour from its previous level of $522.12 per week or $13.74 per hour. Federal Member for Chifley Roger Price said: “Australia’s most vulnerable employees will benefit from this increase including young people, students, casual employees […]

The US Financial Meltdown

It has been reported that over $5 trillion in total market capitalization has been wiped out since October of last year. Over a trillion of this amount was caused by the exposé of New York’s financial giants. Among them were Lehman Brothers, Bear Stearns and AIG. According to Dr. Walden Bello, sociology professor of the […]