Rabu, 28 Ogos 2013

NST Online Business Times : latest

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NST Online Business Times : latest


Energy firms lead US stocks' rebound

Posted: 28 Aug 2013 04:36 PM PDT

NEW YORK: US stocks rebounded on Wednesday led by energy companies benefiting from an oil price spike, as the West mulls a possible punitive attack against Syria for its alleged chemical weapons use.

The Dow Jones Industrial Average rose 48.38 points (0.33 percent) to 14,824.51. The broad-market S&P 500 climbed 4.48 points (0.27 percent) to 1,634.96, while the tech-rich Nasdaq was the biggest gainer, up 14.83 points (0.41 percent) at 3,593.35.

Stocks pulled back from Tuesday's sharp selloff that came after the United States, France and Britain stepped up warnings that Damascus would be held accountable for the deadly August 21 attack using chemical weapons.

Crude oil prices surged higher in anticipation of a possible impact on energy supplies from a US military intervention, pushing the US benchmark WTI contract to US$110.10 a barrel, its highest close since May 2011.

On the Dow, Chevron jumped 2.5 percent and ExxonMobil added 2.3 percent. Marathon Oil raced up 3.7 percent.

Investors shrugged off a disappointing report on the US housing recovery.

US pending home sales dropped unexpectedly in July, by 1.3 percent from June, according to the National Association of Realtors. It was the second straight monthly decline as higher mortgage interest rates hit demand.

Technology stocks were in focus. Dow member Hewlett-Packard gained 2.8 percent, and Nasdaq heavyweight Apple added 0.5 percent.

Groupon jumped 1.5 percent after chief executive Eric Lefkofsky told The Wall Street Journal the coupon-dealer and e-retailer is planning a North American warehouse network for its physical goods business, taking it into more direct competition with Amazon.com.

Amazon rose 0.2 percent and smaller online retailer Overstock.com fell 0.4 percent. -- AFP

Kredit: www.nst.com.my

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Syria: Who wants what after chemical weapons horror - CNN

Posted: 28 Aug 2013 08:39 AM PDT

A Free Syrian Army fighter takes position behind sandbags in the old city of Aleppo, Syria, on Tuesday, August 27. Syria has warned Western leaders against taking any military action after international outrage over the country's suspected use of chemical weapons. Tensions in Syria began to flare in March 2011 and have escalated into an ongoing civil war. Click through to view the most compelling images taken since the start of the conflict.A Free Syrian Army fighter takes position behind sandbags in the old city of Aleppo, Syria, on Tuesday, August 27. Syria has warned Western leaders against taking any military action after international outrage over the country's suspected use of chemical weapons. Tensions in Syria began to flare in March 2011 and have escalated into an ongoing civil war. Click through to view the most compelling images taken since the start of the conflict.
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50 years after March on Washington, a chance to reclaim the "Dream" - CBS News

Posted: 28 Aug 2013 08:15 AM PDT

(CBS News) The March on Washington, formally called March on Washington for Jobs and Freedom, was the largest demonstration for social change that America had ever seen at the time. Now, 50 years later, we remember that historic moment in our nation's capital.

CBS News cultural correspondent Wynton Marsalis offered this essay on "CBS This Morning" about the messages of that day -- and a commentary on where we are as a country, half a century later.

Fifty years ago today, 250,000 Americans gathered on the mall of the Nation's capital to peacefully request social and economic equality for our most oppressed group of citizens: the American negro.

More than 25 people from all walks of life spoke, played, and sang that day, in an impressive tapestry of national leadership mobilized for jobs and freedom, and for redemption of the national soul.

The convener of the march, 74-year-old A. Philip Randolph, spoke first. Dr. Martin Luther King, Jr., 34, the charismatic focal point of the Civil Rights Movement, spoke last.

Dr. King's oration was, upon delivery, a recognized masterpiece. Over time, his words have become so well known that the march itself is reduced to one man's dream. In fact, it was much, much more. That day, everybody had a dream.

Oh yes, the march inspired a moral victory with broad social implications, but it provided no directives for tangible economic parity. And with the passage of time, a moral force without concrete works dies on the vine.

How many of us today know that it was called the March on Washington for Jobs and Freedom? I sure didn't. And it is now clear that poor and working class citizens need to be an integral part of our economic system. This necessity transcends race. Race is a matter of physiology; discrimination is a matter of culture, and culture shapes public perception, which influences political action.

Somewhere in the mid-1970s, I began to notice black and white artists stereotyping black people as criminals, pimps and drug dealers and gradually adding more and more misogyny and violence in movies, videos and recording after recording. The constant glorification and reselling of this debauched imagery has corrupted both blacks and whites understanding of Black America. Unfortunately, that shapes current public opinion much more than the memory of Dr. King's dream.

Following the success of Civil Rights legislation, many black Americans erroneously thought that the election of mayors with their same skin color would lead to an increasing economic prosperity. Even the electing of a non-white president was misconstrued as the culmination of the Civil Rights Movement. Let's examine the unemployment, incarceration and education statistics for the black and white poor. These sobering facts compel us to act on the collective dream expressed 50 years ago. A sustainable victory for equality and employment will not come through a prophet, a president, or even the law. It must be the will and actions of the people, all the people, all the time.

Dr. King ended the march triumphantly. His "I have a dream" refrain is rightfully known by all, but my favorite phrase drives home a profound human fundamental, enacted by everyone in attendance that day: "We cannot walk alone."

When we walk together, we are an infinite resource and can create unimagined possibilities. Separate, we are opposing tribes, fighting over what we mistakenly perceive as "never enough." Today is the perfect day to begin harvesting the endless promise in our way of life. When it was invested 50 years ago on the mall of our nation's capital, by a mosaic of high-minded leaders and 250,000 engaged activists. Let's walk together to claim our inheritance. It's out here for us.

For more with Marsalis, watch his full commentary and comments on "CBS This Morning" above.

Kredit: www.nst.com.my
 

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