Bangladesh News

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Oct 23rd
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Mortgage firms' rescue may cost $25-billion PDF Print E-mail
Wednesday, 23 July 2008

AP, WASHINGTON — A federal rescue of troubled U.S. mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25-billion (U.S.), Congress's top budget analyst said Tuesday.

But Peter Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there's a better than 50 per cent chance the government will not have to step in to prop up the companies by lending them money or buying stock.
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Wachovia, other banks post dismal results PDF Print E-mail
Wednesday, 23 July 2008

REUTERS, NEW YORK- Wachovia Corp led several large US banks in posting weak second-quarter results on Tuesday, as soaring losses from mortgages and other debt led to large write-downs.

The loss for Wachovia totaled $8.86 billion. Two Ohio-based regional banks, Fifth Third Bancorp and KeyCorp, posted losses, after warning last month of weak results.
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Iraq sees hope of US troop withdrawal by 2010 PDF Print E-mail
Wednesday, 23 July 2008

AP, BAGHDAD - Iraq's government welcomed Democratic presidential candidate Barack Obama on Monday with word that it apparently shares his hope that U.S. combat forces could leave by 2010.

The statement by Iraq's government spokesman, Ali al-Dabbagh, followed talks between Obama and Prime Minister Nouri Al-Maliki — who has struggled for days to clarify Iraq's position on a possible timetable for a U.S. troop pullout.
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Voters' lists 'ready': EC PDF Print E-mail
Wednesday, 23 July 2008

Roving Correspondent

Bangladesh's Election Commission says it has completed the registration of voters ahead of a general election due to be held at the end of December.

It says it has recorded the identities, fingerprints and photographs of more than 80 million voters
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'Election to be yardstick for future' PDF Print E-mail
Wednesday, 23 July 2008

Staff Correspondent

Chief adviser Fakhruddin Ahmed said Tuesday the next election would be considered a yardstick for the future.

"We want this election not only to be free, fair, neutral and acceptable, but also to stand out as a yardstick for future. Such an election will be possible as the voter list has been prepared with photographs," said Fakhruddin.
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Transport crises slow Chittagong port PDF Print E-mail
Wednesday, 23 July 2008

Staff Reporter

Chittagong port authorities are in trouble with the ships coming from India with rice because of a transport crisis and inadequate storage facilities.

The twin problems left six ships idle at as many jetties for the last one week. Five more ships loaded with 52,429 tonnes of rice are waiting at outer anchorage.
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Trade powers struggle to save WTO round PDF Print E-mail
Wednesday, 23 July 2008

Reuters, Geneva- The United States, the European Union and emerging economic heavyweights will try again on Tuesday to line up the long-elusive trade-offs needed to save a deal to dismantle export barriers around the world.

The United States resisted calls on Monday to announce a cut in its ceiling for farm subsidies as a critical week of talks opened, saying it was ready to act as long as others do likewise, especially developing economies like Brazil and China.
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'VIP' bail hearings deferred PDF Print E-mail
Wednesday, 23 July 2008

New AG takes up post

Staff Correspondent

The High Court on Monday adjourned hearings on bail pleas of 17 senior politicians to July 27.

A HC bench of justices Sharif Uddin Chaklader and Md Imadul Haque Azad passed the order after new attorney general Salahuddin Ahmed requested further time.
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UP leaders want all upazila polls in October PDF Print E-mail
Wednesday, 23 July 2008

Bdnews24.com

Bangladesh Union Parishad Oikyojote has demanded polls to all 482 upazilas in October instead of just 300, a BUPO spokesperson said Tuesday.

The organisation of UP leaders also announced a six-day campaign programme starting from July 26 to encourage people to vote in honest and qualified candidates in the upcoming elections to four city corporations and nine municipalities.
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Antigraft drive a lesson for our politics PDF Print E-mail
Wednesday, 23 July 2008

Says Hasina

Desk Report

Former prime minister Sheikh Hasina has said that the caretaker government's antigraft drive has been a crucial lesson for the country's politics.

"Corrupt politicians should take a lesson from that," the Awami League president said at a London meeting held on Monday by the UK arm of the AL-associated Jubo League.
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EC's duty to hold upazila polls, not govt's: LGRD adviser PDF Print E-mail
Wednesday, 23 July 2008

Local government adviser Anwarul Iqbal stressed Tuesday that holding upazila polls was the responsibility of the Election Commission, and the government had nothing to do or gain in the matter, reports bdnews24.com

Asked by reporters, at his Secretariat office, whether the government would hold upazila elections despite opposition by political parties, the adviser said: "Earlier it was the local government ministry's responsibility to hold upazila elections, but now it has been transferred to the Election Commission."
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Hearings start on Aug 21 grenade attack PDF Print E-mail
Wednesday, 23 July 2008

Proceedings began in court Tuesday against those accused of killing 23 people and injuring 300 in a grenade attack on an Awami League rally on August 21, 2004, reports bdnews24.com.

Dhaka metropolitan additional sessions judge KM Rasheduzzaman Raja fixed August 3 for the next hearing in the case.
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MK Anwar freed PDF Print E-mail
Wednesday, 23 July 2008

Dhaka, July 22 (bdnews24.com) -- Former BNP minister MK Anwar was freed from Dhaka Central Jail on Tuesday after he won bail from the High Court in the GATCO scam case, a prisons official said.

Deputy inspector general of prisons Major Shamsul Haider Siddiqui told bdnews24.com that the BNP leader was freed "a few minutes ago".
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Mamun wins bail from HC PDF Print E-mail
Wednesday, 23 July 2008

Charges of not submitting wealth information

Staff Correspondent

The High Court Tuesday granted bail to businessman Giasuddin Al Mamun in a case involving charges of not submitting a wealth information.

Justice Abdul Awal of the High Court Division passed the order on a bail appeal by Mamun, widely known as a friend of former prime minister Khaleda Zia's son Tarique Rahman.
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SEC puts ban on MF right shares PDF Print E-mail
Wednesday, 23 July 2008

The Securities and Exchange Commission Tuesday finalised its decision to bar mutual funds from issuing bonus or right shares, reports bdnews24.com.

"The SEC board in Tuesday's meeting approved the decision," SEC executive director Farhad Ahmed told reporters in his office.
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Falling shares irk investors PDF Print E-mail
Wednesday, 23 July 2008

Agency

The Dhaka Stock Exchange ended lower Tuesday with investors taking to the streets in the wake of falling prices.

DSE indices fell for the seventh straight trading day of the bearish sixth week due to huge sell-offs by panicky investors.
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'All parties should support upazila polls' PDF Print E-mail
Wednesday, 23 July 2008

Desk Report

Communications adviser Ghulam Quader said Tuesday that political parties opposing local government elections should support the holding of upazila polls.

"The government wants to hold upazila elections, which are non-political. I do not understand why the political parties are opposing the polls," the adviser told reporters at the Secretariat.
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Carbide treated fruits cause health hazards PDF Print E-mail
Tuesday, 22 July 2008
Carbide treated fruits cause health hazardsThough fruits are the best natural food for all, they can become dangerous as well. Fruits can cause serious health hazards like stomach pain, acidity, digestive trouble, poisoning, and even colon cancer when contaminated.
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Gordon Brown: Iran will never develop nuclear weapons PDF Print E-mail
Tuesday, 22 July 2008
Gordon Brown today balanced a threat of new sanctions against Iran with a tough message that Israel should do more to help improve the lives of ordinary Palestinians.
 
Describing himself as a "friend of Israel," the Prime Minister used the first ever speech by a British leader to the Knesset to condemn statements by the Iranian President which appeared to threaten to destroy Israel.
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Hundreds of thousands face job loss in UK PDF Print E-mail
Tuesday, 22 July 2008
Interview with The Guardian(s)
Hundreds of thousands face job loss in UK
Says Blanshflower


Desk Report
Britain's economy is tipping headlong into a recession that could last more than a year and cost hundreds of thousands of jobs, warns Professor David Blanchflower, a member of the Bank of England's interest rate committee, in an interview with the Guardian today.
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Nepal picks first president, rejects Maoist candidate PDF Print E-mail
Tuesday, 22 July 2008
REUTERS, KATHMANDU- Nepal's lawmakers picked the country's first president on Monday, rejecting a candidate backed by former Maoist rebels in a move that could plunge the Himalayan nation's nascent republic into more political turmoil.
 
Ram Baran Yadav, an ethnic Madheshi from the centrist Nepali Congress party, won 308 out of the 590 votes cast by the constituent assembly, defeating Ramraja Prasad Singh who had the support of the Maoists, officials said.
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