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Rise and fall of President Pervez Musharraf PDF Print E-mail
Tuesday, 19 August 2008

Pakistan, August 18 (CNN-IBN) Musharraf's presidency has been a tighrope walk, full of ups and downs.

New Delhi: On October 12 1999, Pervez Musharraf went from being the chief of Pakistan's army to the chief of its government. In a bloodless coup, democracy was toppled and the general faced flak for it, but that didn't stop him from formally appointing himself President less than two years later on June 20, 2001.

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Breaking up big banks questioned as losses mount PDF Print E-mail
Tuesday, 19 August 2008

AP, NEW YORK -- America's biggest banks have suffered unprecedented losses from the ongoing credit crisis, and that's made some investors question whether the big financial conglomerates should be broken up in order to survive.

Break-up advocates, who for months have been clamoring for Citigroup Inc. to be dismantled, got some validation of their viewpoint this past week.
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Chinese shares slump to 20-month low PDF Print E-mail
Tuesday, 19 August 2008

Chinese shares slumped to a 20-month low today, with airlines, oil companies and other stocks dropping sharply amid anxiety about the wider economic outlook, reports The Guardian.

The continuing slide - which saw the benchmark index close 62% below its peak last October - comes on top of concern about a post-Olympic hangover and news last week that factory gate inflation had hit a 12-year high.
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Dhaka cab firms face collapse PDF Print E-mail
Tuesday, 19 August 2008

Bdnews24.com

Dhaka's cab firms are on the verge of collapse as 70 percent of licensed cabs have been written off the roads, according to a government estimate.

Out of the total 10,857 taxis licensed to ply city streets, 7,500 cabs have been forced to retire from service, Bangladesh Road Transport Authority said in a report submitted to communication ministry in July.
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EU: Trade deficit close to balance PDF Print E-mail
Tuesday, 19 August 2008

AP, BRUSSELS, Belgium -- Euro nations' trade deficit with the rest of the world came close to balance in June, the EU statistics agency said Monday.

Eurostat said the 15 euro nations bought slightly more goods from trading partners than they sold during the month, posting a trade deficit of euro0.1 billion ($0.15 billion) in June, far lower than May's trade deficit of euro3.9 billion ($5.74 billion).
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TV remains top source of news even as online grows PDF Print E-mail
Tuesday, 19 August 2008

AP, NEW YORK  -- Fewer Americans are reading newspapers and are instead getting their news online, but television remains the leading source of news in the country, according to a survey released Sunday.

Not surprisingly, younger people tend to get more of their news on the Internet, while older folks use traditional media such as television and newspapers, the Pew Research Center's biannual survey on news consumption habits said.
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Pakistan's Musharraf to address nation PDF Print E-mail
Tuesday, 19 August 2008

Kamran Haider

ISLAMABAD, Aug 18 (bdnews24.com/Reuters) - Pakistan's President Pervez Musharraf, under pressure to step down before he is impeached, will address the nation at 1 p.m. (0700 GMT) on Monday, an official in the president's office told Reuters.

Speculation the former army chief and firm U.S. ally will resign has been mounting since the coalition government, led by the party of assassinated former prime minister Benazir Bhutto, said this month it planned to impeach him.
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Time running out for Obama, McCain VP picks PDF Print E-mail
Tuesday, 19 August 2008

David Wiessler

WASHINGTON, Aug 18 (bdnews24.com/Reuters) - Time is running out for both presumptive presidential candidates, Democrat Barack Obama and Republican John McCain, to name their running mates.

Democrats begin their national convention in Denver on August 25 with Republicans going to St. Paul, Minnesota, a week later.
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Georgia conciliatory as Russia due to withdraw PDF Print E-mail
Tuesday, 19 August 2008

Tbilisi,Aug 18 (bdnews24.com/Reuters) - Georgia's president struck a conciliatory tone towards Russia as its troops were due to start leaving his country on Monday, urging Moscow to discuss ways to avoid "discord for future generations".

In a television address recorded for broadcast later on Monday, President Mikheil Saakashvili demanded Russia leave Georgian territory immediately, but also made a plea to mend fences.
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Mudslides kills 14 in Ctg, Cox’s Bazar PDF Print E-mail
Tuesday, 19 August 2008

Staff Reporter

Mudslides killed at least eleven people at Lalkhan Bazar in Chittagong, and three of a family in Cox's Bazar on Monday, after torrential overnight rains.

Eleven people people were confirmed dead
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Army's rejection spelled end for Musharraf PDF Print E-mail
Tuesday, 19 August 2008

His resignation has spared Pakistan a drawn-out battle to impeach him

AP/AFP, ISLAMABAD

He kept the suspense going until the very end. He had built schools, clinics, irrigation projects, he said. He was innocent, chaos threatened. But finally, he had decided to go.

Pervez Musharraf always liked to play the commando: decisive, daring, the master tactician. His first appearance on the nation's televisions after taking power in 1999 was at 3am, when the jammed single national TV channel cleared to reveal him in commando fatigues.
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Politicians hail Musharraf's resignation PDF Print E-mail
Tuesday, 19 August 2008

Agency

Some political parties in Bangladesh see the resignation of 'autocrat' Pakistan president Pervez Musharraf as the victory of the people of Pakistan and hoped democracy would strengthen in that country.

"All military autocrats relinquish power only after earning the wrath of the people. This has also happened in the case of Pervez Musharraf," Awami League presidium member Motia Chowdhury told bdnews24.com.
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Work for polls fearlessly PDF Print E-mail
Tuesday, 19 August 2008

CA asks secretaries

Staff Correspondent

Chief adviser Fakhruddin Ahmed Monday asked top civil servants to defy all threats and fear and stick to their jobs in the general elections slated for December.

"The responsibility goes to all to create an atmosphere conducive to holding a free and fair election," the chief adviser told secretaries to the ministries and divisions at the Bangladesh Secretariat.
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UAE sends back 18 workers PDF Print E-mail
Tuesday, 19 August 2008

Invalid visas

Staff Correspondent

Eighty-two Bangladeshis, who were travelling to the United Arab Emirates as migrant workers, were sent back Monday as they could not present the proper visas at Dubai airport, an immigration official said.

The UAE, a relatively new destination for Bangladeshi migrant workers, is the third country to send back Bangladeshis for various irregularities over the past month.
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CU BCL stage protest PDF Print E-mail
Tuesday, 19 August 2008

Attack on mourning procession

Staff Reporter

Bangladesh Chhatra League held demonstrations on Chittagong University campus Sunday against an attack by Islami Chhatra Shibir supporters on a Bangabandhu mourning procession the previous day.

Leaders of the Awami League student wing said they would continue their protests until their 'eight demands' were met, including punishment by expulsion of the Shibir activists they said were tied to the attacks.
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Registration of parties starts soon PDF Print E-mail
Tuesday, 19 August 2008

Says CEC

Staff Correspondent

Registration of political parties will start soon under the Representation of the People Order (amendment) Ordinance 2008 is expected to be gazetted shortly, chief election commissioner ATM Shamsul Huda said on Monday.

"We hope the gazette will be published in a day or two. The process of registration of political parties starts after that," the CEC told reporters in his office.
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RMCH interns go on strike PDF Print E-mail
Tuesday, 19 August 2008

Attack on doctor

Our Correspondent

Internee doctors at Rangpur Medical College and Hospital went on strike Sunday in protest at the assault of a doctor after the death of a patient, police said.

Acting director of the hospital Dr Anisul Karim said the authorities were urgently trying to resolve the crisis as the strike put hundreds of patients of the hospital in trouble.
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Extortion case against Hasina PDF Print E-mail
Tuesday, 19 August 2008

Trial resumes Monday

Desk Report

Trial of a Tk 3 crore extortion case against former prime minister Sheikh Hasina resumed Monday, after the Supreme Court overrode a High Court ruling that had cancelled the case as illegally tried under emergency powers rules.

The plaintiff of the case continued with his statement to the court, after a break of over sixth months, before the defence began cross-examining him in the makeshift Special Judge's Court- 5 of Md Ashraf Hossain.
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Santu blames govt for his defeat PDF Print E-mail
Tuesday, 19 August 2008

Desk Report

Defeated Barisal mayoral candidate Shorder Sarfuddin Ahmed Santu accused the caretaker government Monday of stage-managing his defeat in the Aug 4 election.

"The government foiled my victory in the elections," said Santu at a press conference held in the Progressive Democratic Party (PDP) office at Segunbagicha.
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Oil prices drop below $113 PDF Print E-mail
Tuesday, 19 August 2008

AP, NEW YORK  -- Crude prices dropped below $113 a barrel in volatile trading Monday as Tropical Storm Fay swirled toward Florida but appeared unlikely to disrupt oil installations in the Gulf of Mexico.

Light, sweet crude for September delivery fell $1.17 to $112.60 in morning trading on the New York Mercantile Exchange, after earlier rising as high as $115.35.
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US dollar lower, gold up in Europe PDF Print E-mail
Tuesday, 19 August 2008

AP, LONDON -- The U.S. dollar was mostly lower against other major currencies Monday morning in European trading. Gold prices rose.

The 15-nation euro rose to $1.4731 from $1.4680 late Friday in New York.
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