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October 1987 all over again - 2010's coming stock market crash

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In two tumultuous weeks in October 1987, the stock market shed nearly one-third of its value in perhaps the second most notorious crash in U.S. history. It could happen again. Don't be deceived by the rebounding economy, any more than the bulls should have been misled by the balmy climate during the late Reagan years. Right now, stocks are extremely vulnerable to the same scenario. The reason: The market is even more overpriced than when thunder struck on that distant Black Monday. That doesn't mean that a giant correction is inevitable; far from it. But the quasi-bubble that followed the big selloff in late 2008 and early 2009 makes the probability of sudden downward swing far more likely. And today's cheap prices like for sunglasses make it practically certain that investors can, at best, expect extremely low returns in the years ahead.

India is to ban school children from wearing leather shoes

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Instead canvas plimsolls will replace uncomfortable and "environmentally hazardous" leather shoes . The move by the country's school boards follows a campaign by Maneka Gandhi, Indira Gandhi's widowed daughter-in-law, who is now an member of parliament for the opposition Bharatiya Janata Party. She is one of India's leading animal rights campaigners and a fierce opponent of slaughtering cows, which are revered among Hindus. India's Central Board of School Education and the Council for the Indian School Certificate Examination has accepted her proposal. Black leather shoes were introduced as mandatory items in Indian school uniforms during British colonial rule and have continued unchallenged ever since. Their widespread use has made school children the country's largest consumers of leather products, according to the People for Animals (PFA) campaign. Sixteen schools in Madras have already banned leather footwear in response to their campaign and proteste...

Chuck Taylor All-Stars

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Chuck Taylor All-Stars, or Converse All-Stars , also referred to as "Chucks" or Cons ' are canvas and rubber shoes produced by Converse. They were first produced in 1917 as the "All-Star," Converse's attempt to capture the basketball shoe market . The shoes were not particularly popular until basketball player Chuck Taylor adopted them as his preferred shoe. He was impressed with the design so he became the shoe's leading salesman. After proposing a few changes to the shoe, the shoe got its current name and Chuck Taylor's signature on its ankle All Stars patch. One change was the switch to nonslip soles. Although classic black is the most popular, Chuck Taylor was himself known to prefer unbleached white high-tops. In the 1950s the shoes became popular within the greaser subculture and amongst many fans of rockabilly. Consumers demanded more variety from the shoe – particularly with respect to colors in order to match basketball teams – so colored an...

European satellite designed to measure how fast the Earth's ice are melting

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Yesterday there was jubilation among the scientists of the European Space Agency (ESA) who tracked the launch from the European Space Operations Centre in Darmstadt, Germany. CryoSat-2, which was designed and built in France and Germany but masterminded by British scientists, blasted off on a Russian launcher rocket from the Baikonur Cosmodrome in Kazakhstan shortly before 3pm yesterday afternoon. Some time later, a tracking station in Africa picked up the satellite's signal, confirming that it had gone into orbit. CryoSat-2 is part of the ESA's Earth Explorers programme, involving seven spacecraft which will carry out innovative research about issues of pressing environmental concern. The melting ice of the poles and Greenland is considered one of the most pressing of all, with implications for ocean circulation patterns, the global climate and sea levels. If the land-based Greenland ice sheet were to melt completely, it would mean a global sea-level rise of 21 feet, while if ...

Non native mammal species are damaging the UK countryside

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The trust said some of the creatures have been in the UK for so long, they are thought of as indigenous. A number of non-native mammal species are damaging the UK countryside by eating crops and threatening wildlife, a conservation charity has warned. A report by the People's Trust for Endangered Species identified 14 problem species including rats , American mink and muntjac deer. It said it was important to stop the extinction of native species. American minks prey on water voles while grey squirrels, which were introduced to the UK in the 19th century carry the deadly squirrelpox virus and outcompete the native red squirrel when it comes to hunting for food and habitats. According to the report, two of the UK's fastest declining native species the red squirrel and the water vole - which has declined by 90% - are under threat by mammals introduced by humans in the last two centuries. The trust also warned the red-necked wallaby is capable of damaging capercaillie birds on Loc...

70 Filipinos in Haiti want to come home

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70 Filipinos in Haiti have indicated their desire to come home after a powerful earthquake hit Port-au-Prince last week, the Department of Foreign Affairs said Friday. The DFA plans to put the Filipinos in a bus and bring them out of Haiti’s capital to Sto. Domingo, Dominican Republic.From there, the Pinoys will take a plane that would fly them home to Manila. Majority of those who want to be repatriated are women and children. They are concerned for their health , as well as their safety, the DFA said. One Filipino in Haiti, Godofredo Edquiban, urged the Philippine government to act quickly to bring them home. “I hope they hurry. Amoy patay na daga (It smells like dead rats),” According to Edquiban, Ambassador Macarthur Corsino had arranged for the date of their repatriation before returning to Cuba. He added that strong aftershocks are hampering rescue operations in Haiti. At least 4 Filipinos died in the Haiti earthquake including 3 members of the 10th Philippine Peacekeeping C...

Andila Shopping Snowboarding Goggles

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Everybody has a different way to view the world.: Snowboarding Goggles When buying the superior Snowboard Goggles , the perfect fit must be attained. Only with such ideal match can the goggles' effectiveness and usability be measured and maximized. Goggles must be proportional to the contour of the snowboarder's face to get a great seal and protection from the harmful elements. There should be no gaps to prevent air from leaking inside. If you are riding with a helmet, it is critical for the goggles to fit well with the helmet. It is then advisable to consider using brands which make helmet-specific goggles that are particularly designed to fit within the frames of a helmet. These goggles oftentimes come with longer straps, which can cover the helmet's perimeter. For more convenience, buckle attachments are also provided. There are a lot of things to consider when buying Snowboarding Goggles. Keep these guidelines in mind so it will be easier to choose the right pair o...