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/ 19 September 2007
The Wall Street investment bank Lehman Brothers has revealed that the global credit crunch knocked -million off its revenue over the summer as mortgage-backed securities plummeted in value. Lehman blamed an ”extremely difficult environment” in global financial markets for a 3% drop in its third-quarter profits to -billion.
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/ 19 September 2007
One of Darfur’s most powerful rebel leaders will not take part in peace talks until a lasting ceasefire is put in place and security is restored, he said in an interview published on Wednesday. Abdel Wahed Mohamed el-Nur has refused to join Darfur rebel commanders and groups who agreed a joint position last month.
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/ 19 September 2007
An influential Somali radio station went off the air on Wednesday after two government soldiers threatened to pound the building with ”machine guns and anti-aircraft missiles”, the radio station’s director said. Shabelle radio shut down one day after police searching for insurgents opened fire outside the station, killing one person.
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/ 19 September 2007
"Let’s stop meaningless journalism." That was the cry from new South African press ombudsman Joe Nong Thloloe at a forum, themed Leading Conversations, held on Tuesday. Thloloe, a former South African Broadcasting Corporation and e.tv news editor-in-chief, was appointed to the position at the launch of the new Press Council of South Africa on Friday August 3.
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/ 19 September 2007
Too much ambition might leave a politician without a seat on a council — this was the lesson that some councillors learned the hard way during the recent floor-crossing period. Figures released by the Independent Electoral Commission on Wednesday showed that 30 councillors would have no seats on individual municipal councils.
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/ 19 September 2007
The growing number of violent incidents in schools stems from problems within society and parents being too lenient, the Gauteng African National Congress’s education sub-committee said on Wednesday. ”We need good role models in society to be able to influence children,” said sub-committee chairperson Amon Msane.
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/ 19 September 2007
Trade and Industry Minister Mandisi Mpahlwa needs to explain the ”confusion” between his department and the National Lotteries Board (NLB), the Democratic Alliance said on Wednesday. While the department denied involvement in the 42,4% increase in performance bonuses at the NLB, board spokesperson Sershan Naidoo had contended Mpahlwa authorised the bonuses himself.
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/ 19 September 2007
The jury in the murder trial of Phil Spector declared that it was unable to reach a verdict yesterday after seven days of deliberation. The jury’s foreman told Judge Larry Fidler that it was hung on a seven-five vote. It was not revealed which way the majority on the jury was leaning.
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/ 19 September 2007
Thousands of Buddhist monks on Wendesday marched in protest against Burma’s military government one day after police fired warning shots and used teargas to disperse demonstrators. At least 2 000 monks turned out in the city of Sittwe, in north-west Burma, the scene of Tuesday’s clashes.
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/ 19 September 2007
Delegations from the South African National Editors’ Forum (Sanef) and the South African Broadcasting Corporation (SABC) met in Johannesburg on Monday. The purpose of the meeting was to discuss the contents of a letter SABC group CEO Dali Mpofu sent to Sanef on August 31, announcing that the broadcaster had broken ties with the editors’ forum.