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Wednesday, September 2, 2009

Surf Shop Opens in NYC

Three hotties just opened Saturdays Surf Shop in the heart of Manhattan. They've got a coffee shop in the front and retail section in the back (featuring sick boards, guys’ apparel, and wave rider essentials.) If you're lucky, they’ll invite you to the Rockaways, Montauk, or Long Beach. Here's the info: Saturdays, 31 Crosby Street, between Broome and Grand Streets, Manhattan.

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Bet On Inflation

Analysis and discussion with Gregor Carle of Fidelity International. He talks about the bond market outlook. (Asia Confidential)

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Afghan Intelligence Officer Killed

Dr. Abdullah Laghmani, the second most senior intelligence officer in Afghanistan, was killed by a suicide bomb outside the main mosque in his hometown.

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China Stocks Stabilizing

Analysis and discussion with the General Manager of Fulbright Securities Francis Lun. He says buy Hong Kong property stocks as home prices become absurd. (The Bloomberg Edge)

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Demand For Tires Fall

Marubeni says rubber may rally 19% on China sales. (The Bloomberg Edge)

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Video Trail Mix- The Would-Be Kings of Afghanistan

CQ Politics blogger Craig Crawford says that a 1970s movie about Afghanistan starring Sean Connery could teach president Obama a thing or two about the perils of fixing the beleaguered nation.

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Beating Benchmarks

Analysis and discussion with the Chief Investment Officer of Foundation Asset Management Michael Liang. He talks about the movements of the market and its long growth and supply. (The Bloomberg Edge)

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Indonesian and Samurai Bonds Rally

Indonesia's bond rally may frizzle as rate cuts end and Samurai bonds rally as Morgan Stanley prepares sale. (The Trade)

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Australian Trade Deficit

Australia distributes more than $16 billion in government stimulus. (The Trade)

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Alcoa Raises Aluminum Targets On China Needs

Alcoa raises world aluminum forecast on demand saying China is back. (The Trade)

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Today's Biggest Movers

Japan's Toyota reports 6.4% high in sales last month, US auto sales are impressive due to cash for clunkers program and South Korea's Hyundai sales are up by 47%. (The Trade)

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India shines in Brazil telenovela

Brazil's latest soap opera hit,"Caminho das Indias" has piqued Brazilians' interest in the emerging economic powerhouse that was little-known here before.

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Michael Jackson to be finally laid to rest

More than two months after his death, Michael Jackson will be interred in a private ceremony Thursday evening at Forest Lawn Memorial Park in Glendale, California.

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BP's Giant Oil Discovery

BP makes a giant discovery in the Gulf of Mexico. (The Trade)

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Las Vegas Sands Takes On More Debt

Las Vegas Sands raises $600 million before Asia IPO, expects to issue bonds and pays 9% interest. (The Trade)

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Earthquake Hits Indonesia

A magnitude of 7.0 kills 44 people in Indonesia and damages homes, mosques and buildings. (The Trade)

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Japan's Zigzag Over

Japanese stocks rise for one day and fall the next 14 straight days which is the longest zigzag in 20 years. (The Trade)

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Hurricane Jimena slaps Mexico

Hurricane Jimena hits Mexico's Baja California peninsula with howling winds and rain

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Business Update- Rates to stay low

The Federal Reserve hinted it was in no rush to lift key interest rates even as it expects the economy to rebound in the second-half of the year.

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Evening News Online, 09.02.09

Wednesday: The Securities and Exchange Commission is heavily criticized for its investigation of Wall Street swindler Bernie Madoff; Also, U.S. troops face growing offensive from the Taliban.

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Schools in Need of Nurses

The upcoming flu season and the H1N1 virus have brought attention to the national need for school nurses. Don Teague reports.

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Hachiko The Loyal Dog

Hachiko, a dog who died over 70 years ago waiting for the return of his long-deceased owner, has inspired Japanese citizens to seek out new love and friendships. Barry Petersen reports from Tokyo.

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Faking It in the Job Market

An estimated three out of ten people lie on their resumes and, in this tight economy, more job seekers may be feeling desperate enough to stretch the truth. Kelly Wallace reports.

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Troops Sparse in Afghanistan

The number of U.S. soldiers stationed in Afghanistan can barely match the strength and influence of Taliban forces in some of the more remote sections of that nation. David Martin reports.

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Hope for L.A. Wildfire End

Facing the worst wildfires in the history of Los Angeles County, firefighters and other rescue officials in the region now eagerly await more favorable weather conditions. Sandra Hughes reports.

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Obama Lobbies For Health Care

Amidst a series of criticisms concerning his approach to health care reform, President Obama will speak to Congress next week about the need for reform. Nancy Cordes reports.

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S.E.C. Blasted over Madoff

A new report finds gross incompetence by the Securities and Exchange Commission in allowing Bernie Madoff's crimes to remain undetected. Armen Keteyian reports.

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Talk of the Town- Venice festival begins

The day's top showbiz news and headlines including the Venice film festival begins, Michael Jackson's estate pays for funeral, and Cate Blanchett injured on stage

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Talk of the Town- Venice festival begins

The day's top showbiz news and headlines including the Venice film festival begins, Michael Jackson's estate pays for funeral, and Cate Blanchett injured on stage.

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Venice film festival opens

Oscar-winning Sicilian director Giuseppe Tornatore's "Baaria" became the first Italian film to open the festival in nearly a quarter of a century.

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World powers press Iran on talks

Representatives from Russia, China, the US, France and Brtain, meeting in Germany, turn up the pressure on Iran to come to the table for talks on its nuclear program.

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Miss Universe steps out in New York

Venezuelan Stefania Fernandez, newly crowned as Miss Universe, makes her first public appearance since winning the crown.

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Pfizer to pay $2.3B in fines

The world's biggest drugmaker has pled guilty to a criminal charge related to promoting drugs for off-label uses and paid a record $2.3 billion in fines.

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World powers press Iran on talks

Representatives from Russia, China, the US, France and Brtain, meeting in Germany, turn up the pressure on Iran to come to the table for talks on its nuclear program.

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A healthy dose of humidity

Firefighters say they are starting to gain ground against the enormous wildfire burning for a week above Los Angeles.

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Inside Look - Opportunities for Tenants

Interview with Commercial Tenant Real Estate Representation President Marisa Manley (Taking Stock)

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Inside Look - Lessons Learned from The Great Depression

Analysis and Discussion with Dan Alpert of Westwood Capital (Bloomberg News)

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Book giveaway in New York subways

A group of volunteers distribute free books outside New York City subways to encourage more people to read.

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More Perspective - SEC to Blame?

SEC Report on Madoff Reveals Exhaustive Look Into SEC's Failure- Interview with Former SEC Commissioner Paul Atkins (Bloomberg News)

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Earnings Watch - Hovnanian Enterprises

Hovnanian Reports 3Q EPS Loss - Act. $2.16 vs. Est. $1.65: Reaction with Stephen Kim of Alpine Mutual Funds (Bloomberg News)

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Ears an odd way to blow up balloons

A man in India's northern Uttar Pradesh uses his ears instead of mouth to blow up balloons.

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Notebook- Helping Students

CBS News' Maggie Rodriguez discusses the new academic school year, as millions of students throughout the nation prepare to return. Rodriguez notes that children in needy should not be overlooked.

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Guantanamo camp's uncertain future

Where the detainees housed at the Guantanamo Bay detention facility will go once it is shut down remains unknown -- but the uncertaintyhas not changed daily life for the 200-plus detainees or those that oversee them.

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Bloodshed in Afghanistan

A suicide bomber kills a key Afghan intelligence official -- as the country is in limbo awaiting election results.

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Europe dims old-style lightbulbs

The lights are going out across the European Union, as far as the traditional incandescent bulbs are concerned, to make way for energy-saving replacements.

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Melting men show global warming

1000 little ice sculptures melt away on the steps of the concert hall at Berlin's Gendarmenmarkt, symbolising global warming and climate change.

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Iraq detainee- one year on

The family and employer of a freelance cameraman in Iraq say they still have no explanation for his continuing detention.

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'Small' oil comes to leafy England

Residents of a rural English village are facing the prospect of a small oil drilling operation alongside their traditional pub and church as operators search for onshore reserves.

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Oscar season arrives with new fall films

Hollywood gets ready to launch a star-studded fall film season, complete with Oscar contenders, comedies, and action-packed adventures.

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Girl Talk- Girlfriends

The KPTVB12 local news story "Friends again", originally aired on September 02, 2009 at 01:30PM. The story was classified under the "Entertainment" category, and is related to the following topics: good friend, friends again, my friend, best friend, all the time, girl talk.

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Encouraging Words

The KPTVB12 local news story "Volunteer vacation", originally aired on September 02, 2009 at 01:39PM. The story was classified under the "General" category, and is related to the following topics: encouraging words, little bits, swing set, basic needs, volunteer vacation, so excited.

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'My One and Only'

The KPTVB12 local news story "Rear view mirror", originally aired on September 02, 2009 at 01:53PM. The story was classified under the "Entertainment" category, and is related to the following topics: rear view mirror, me and i, look at life, base one, my life, my favorite.

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Dollars and cents

The KPTVB12 local news story "Dollars and cents", originally aired on September 02, 2009 at 01:01PM. The story was classified under the "Weather" category, and is related to the following topics: most expensive, sticker shock, where you live, dollars and cents, baby boomers, city.

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In-Depth Look - China & U.S. Budget Deficit

Roundtable Discussion Featuring Jim Bianco (Bloomberg News)

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Market Close 9.2

S&P and Dow Each Down Less Than 1%, Nasdaq Remains Virtually Flat; Gold Rises to Biggest One Month Rally; Regions Financial Changes Up Management in Credit Department, Raises Questions from Investors (Bloomberg News)

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More Perspective - SEC-CFTC Joint Hearing

Live! From Washington D.C.: Interview with CFTC Chairman Gary Gensler (Bloomberg News)

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Chart of the Day - Journey Into Deflation

Product Deflator vs. Purchase Deflator, 1999-2008: Is Global Economy Taking Journey Into Deflation? (Bloomberg News)

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In-Depth Look - "Giant" Discovery for British Petroleum

British Petroleum Discovery - Analysis and Discussion with Tom Petrie of Bank of America Securities-Merill Lynch (Bloomberg News)

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Verizon May Raise Dividend

Why Verizon May Boost Its Dividend - Cash Flow Outlook, Payout Ratio Range, and Company's Peers Have Also Raised Dividends (Bloomberg News)

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Paper Cuts With Roy Blount, Jr.

Mo Rocca and "Alphabet Juice" author Roy Blount, Jr. discuss the future of books.

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Sony Brings 3D Home in 2010

Sony Planning on Developing 3D Technology for TVs, Computers, and PS3s (Bloomberg News)

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Where Have All the Americans Gone?

After Andy Roddick, there is a steep fall off for American men. Only a handful of singles players are competing and few look to be able to challenge for the U.S. Open title.

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menshealth

The KPTVB12 local news story "... ", originally aired on September 02, 2009 at 01:14PM. The story was classified under the "General" category, and is related to the following topics: .

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Inside Look - ADP Says Job Losses Slowing

Interview with Macroeconomic Advisers Chairman Joel Prakken (Bloomberg News)

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Business Update- Pfizer's record fine

Pfizer agreed to pay a record $2.3 billion fine and plead guilty to a felony for knowingly misbranding its defunct painkilling drug Bextra.

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Angelina Jolie - a work in progress

Another celebrity sculpture from Daniel Edwards shows a nude Angelina Jolie breastfeeding twins

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Inside Look - August FOMC Minutes

Roundtable Discussion with Former St. Louis Fed President William Poole and Former Atlanta Fed Research Director Robert Eisenbeis (Bloomberg News)

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In-Depth Look - More Madoff Scandal Developments

SEC Inspector Indicated Numerous Opportunities Missed, Says Never Properly Examined Madoff Despite Complaints; Further Insight with Former SEC Enforcement Attorney Jacob Frankel (Bloomberg News)

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Inside Look - Avoiding Mistakes in 401k Investing

Planning for Retirement - Analysis and Discussion with David Laibson of Harvard University (Bloomberg News)

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In-Depth Look - Allen Stanford's Gambling Losses

Stanford's Gambling Markers Have Bounced, Sued for Over $258,480 in Gambling Debt (Bloomberg News)

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Early Backstage- On Holiday

Adam "The Audience Guy" asked the "The Early Show" correspondents about their favorite vacation destination.

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In-Depth Look - V Defies Economic Pessimists

A "Square Root" Recovery? - Economists Looking for Metaphors to Explain How This Recovery is Different (Bloomberg News)

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Sectors to Watch - Health Insurance, Software

Health Insurers Gain as Obama Set to Begin New Healthcare Offensive; According to Sen Chuck Grassley, Public Insurance Option Not Part of Package; Software Stocks Soar, Rallying on Future Demand Hopes; According to Wedbush Morgan, Software Stock Investors May Be Paying Too Much for Too Little (Bloomberg News)

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Inside Look - SEC-CFTC Joint Hearing

Live! From Washington D.C. - Interview with CFTC Commissioner Bart Chilton (Bloomberg News)

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In-Depth Look - Kindle Curbs Pollution

Carbon-Emission Benefits from e-Readers - According to CleanTech, 14 Million e-Readers to Be Sold by 2012 (Bloomberg News)

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In-Depth Look - Kindle Curbs Pollution

Carbon-Emission Benefits from e-Readers - According to CleanTech, 14 Million e-Readers to Be Sold by 2012 (Bloomberg News)

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Trader Talk - VIX Hits Two Month High

Analysis and Discussion with Jamie Tyrrell of Group One Trading (Bloomberg News)

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Inside Look - The CEO Pay Check

CEO Pay at TARP Banks Exceed S&P 500 Average - Interview with Gerson Group CEO/Founder Russ Gerson (Bloomberg News)

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Energy Outlook - Where's Oil Headed?

Crude Directions - Analysis and Discussion with Stephen Shorck of The Schork Report (Bloomberg News)

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Inside Look - Venture Capital Eyes Health Care

Interview with Aberdare Ventures Chairman Paul Klingenstein (Bloomberg News)

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Inside Look - Governments Target Tax Havens

Interview with Cayman Islands Stocks Exchange Chairman Anthony Travers (Bloomberg News)

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The Currency Report - Australian Dollar

Aussie Dollar Gains on Better-than-Expected GDP (Bloomberg News)

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Spotlight - CME Group

Live! From SEC-CFTC Joint Hearing in Washington D.C.: Exclusive Interview with CME CEO Craig Donahue (Bloomberg News)

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Onshore UK oil drilling new trend

As onshore drilling for oil in Britain becomes a new trend, residents in one village worry about the long-term implications of an exploratory operation in their locality.

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Business Update- German car sales up

A car scrappage bonus has given car sales in Germany a large boost in August, but tougher times are around the corner.

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Taliban claims deadly attack

Afghanistan's deputy intelligence chief is among those killed in a suicide bomb blast near a mosque in the east.

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What H1N1 Can Do To You

Dr. Jennifer Ashton offers a detailed explanation to Harry Smith of acute respiratory distress syndrome in the most extreme H1N1 cases where patients are already immune compromised.

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Pfizer Agrees To $2.3B Drug Settlement

Pfizer agrees to pay a $2.3 billion civil penalty in connection with illegal prescription drug promotions. (Bloomberg News)

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In-Depth Look - Back-To-School Retail Preview

Interview and discussion with Joseph Feldman of the Telsey Advisory group. He discusses what we may expect on tomorrow's August retail result. (Bloomberg News)

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Parent for Sale on Craigslist

Harry Smith spoke to a man who posted an ad on popular classifieds website Craigslist.org where he offers his parents for $155.

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In-Depth Look - Companies Cut 298K Jobs In Aug. - ADP

Interview and discussion with Ward McCarthy of the Jefferies & Co. He says ADP's report shows that the market is still weak. (Bloomberg News)

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Market Open 8.2

Suzanne O'Halloran is live in the New York Stock Exchange. Stocks are set to kick off lower. (Bloomberg News)

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Full-Figured Fashions

Fashion guy Lawrence Zarian showed Maggie Rodriguez fabulous Fall fashions for full-figured women.

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Dissident writer 'reveals' Ho Chi Minh's hidden side

Did Ho Chi Minh have a hidden side? As Vietnam marks the 40th anniversary of his death, a dissident writer is claiming she can reveal controversial details about the life of the national hero. Duration: 01:54.

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Dating Dollars and Cents

Cosmopolitan's Nicole Beland and Relationship expert Matt Titus discussed the rules of dating in a bad economy.

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The daily gamble of Gaza's tunnel diggers

The death of three Palestinian brothers last week in a collapsed smuggling tunnel along the Gaza Strip's border with Egypt is a harsh reminder of the lengths many in the Hamas-controlled territory will go to to make ends meet. Duration: 01:55.

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Dire straits for stranded sailors in Turkey

Faced with the slowdown in international trade, dozens of Turkish cargo vessels have been stranded in port for months, their foreign crew at times left without pay or a return ticket home. Duration: 02:19.

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Kadhafi marks 40 years in power with party

Libyan leader Moamer Kadhafi marked the 40th anniversary of the bloodless coup that brought him to power with celebrations attended by African, Arab and Latin American leaders but largely ignored by the West. Kadhafi's party kicked off around midnight on Monday with a two-hour spectacle that paid homage to the leader himself and featured music, illuminations and dance. Duration: 01:32.

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Pampering on the Cheap

Susan Koeppen showed Maggie Rodriguez how to find discount personal care services like massages and hair styling.

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RHJ Sweetens Opel Bid

RHJ to pump more cash into the unprofitable German unit. (Bloomberg News)

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BP's Big Oil Find

BP finds a giant oil discovery in the gulf of Mexico. (Bloomberg News)

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Madonna ends world tour in Tel Aviv

Excited Israeli fans flock to pop diva Madonna's first of two concerts in Tel Aviv, which will conclude her Sticky and Sweet tour

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In-Depth Look - Jump For Jet Sales?

Interview and discussion with Clayton Jones of the Rockwell Collins. He gives his insights about the aviation market. He says he sees stabilization in business aviation market. (Bloomberg News)

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Garrido Victim Relives Rape

Maggie Rodriguez spoke with Phillip Garrido rape and kidnapping victim Katie Callaway Hall about her experience.

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More Garrido Victims?

Sex-offender Phillip Garrido is now a suspect in two other abductions. Maggie Rodriguez spoke with legal analyst Lisa Bloom about how Garrido's crimes went unnoticed.

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Journalists Lured into Trap?

Laura Ling and Euna Lee released a statement on Current TV about their time in captivity in North Korea. As Michelle Gielan reports, they may have been lured into a trap.

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China money policy change?

Eyes are on China real estate and share prices, as a record credit surge gives way to tighter lending.

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Bomb explodes outside Athens bourse

A powerful home-made bomb has exploded outside the Athens stock exchange, injuring one person.

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Medical Helicopter Safety

The National Transportation and Safety Board is urging the government to improve safety regulations on emergency medical helicopters. Nancy Cordes reports.

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Afghan opium crop down, prices fall

The United Nations Office on Drugs and Crime says opium cultivation in Afghanistan has fallen by 22 percent as falling prices cause farmers to switch to other crops.

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Be Prepared Not Alarmed By Swine Flu - Obama

President Obama says Americans should be prepared for an outbreak of swine flu this fall. (Bloomberg News)

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Bottom Is Falling Out Of Afghanistan's Opium Market

U.S. says that the bottom is starting to fallout on the largest opium market in Afghanistan. (Bloomberg News)

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Bomb explodes outside Athens bourse

A powerful home-made bomb has exploded outside the Athens stock exchange, injuring one person.

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'Ecologique' French container homes

A French company turns shipping containers into fully-fitted three-room houses, at a fraction of the price of a conventional home.

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China nearer to mass flu jab

A drug firm in China is awaiting the go ahead to begin mass production of a vaccine for the H1N1 strain of flu virus.

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Monitoring Sex Offenders

The arrest of registered sex offender Phillip Garrido has raised questions regarding how closely sex offenders are monitored in the U.S. Bianca Solorzano reports.

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Nancy Garrido's Lawyer Speaks

Philip Garrido's wife Nancy considered Jaycee Dugard and girls as family, according to her lawyer who spoke to Harry Smith. Hattie Kauffman reports on the neighbors' reactions to Garrido's arrest.

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Teen Cries Tears of Blood

A Tenn. teen has doctors baffled by his rare condition in which he cries tears of blood three times a day, Jeff Glor reports. Dr. Jennifer Ashton commented on his condition.

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Smoke, Not Smog in L.A.

Many in Los Angeles, Calif. are remaining indoors as smoke and ash make the air un-breathable, reports Kelly Cobiella. Also, Dave Price reports from the "Station" fire that has taken dozens of homes.

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Clunker Rebate Applications Totaled $2.88B

Bloomberg News Editor-at-Large, Doron Levin shares his thoughts regarding the auto market and the cash for clunkers program. (Bloomberg News)

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Venice at 66- movies and shakers

A look ahead at the line-up of stars and their cinematography at the 66th outing of the world's oldest film festival.

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Powerful quake hits Indonesia

A powerful earthquake strikes Java in Indonesia, shaking buildings in the capital Jakarta and initially prompting tsunami warnings.

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'Spiderman' in a tangle

The French daredevil known as Spiderman is fined for criminal trespass after scaling the Petronas Towers in Malaysia.

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In-Depth Look - The SEC & CFTC Hearing

Interview and discussion with Arthur Levitt of the Goldman Sachs. He talks about the joint meeting of S.E.C. & C.F.T.C. (Bloomberg News)

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Earthquake Strikes Indonesia

A magnitude 7.0 earthquake strikes Indonesia. A report says at least 15 people were killed. (Bloomberg News)

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In-Depth Look - America's Bailout Barons

Interview and discussion with Paul Hodgson of the Corporate Library. He talks about the executive compensation in Wall Street. (Bloomberg News)

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Zale's Sales Slump

Zale's revenue drops $30 million from the previous quarter. (Bloomberg News)

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Britain's love of pound stores

Single-price retailers have long been popular in the U.S., now business is booming in Britain for pound stores up and down the country.

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Americans Describe Capture

Detained Two Americans journalists in North Korea say soldiers from that country drag them back across the borders from China. (Bloomberg News)

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Sony Going 3-D

Sony plans to sell 3-D televisions at year end. (Bloomberg News)

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Barclays Capital Bonds Group Ranks #1

Barclays Capital ranks number 1 in bond research and analysis. (Bloomberg News)

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Blessing Or Curse? - Cash For Clunkers

Cash for clunkers program boosts Asian car makers earnings this year. (Bloomberg News)

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Benmosche Cuts Fees To Banks

Benmosche wants to cut in half the fees paid to take A.I.G.'s units. (Bloomberg News)

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Brown Favors Bomber's Release

U.K. Prime Minister favors the airline bomber's release so he would not die in prison. (Bloomberg News)

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Mortgage Bankers Push For Gov't Help

Mortgage bankers push congress for a new federal loan guarantee program. (Bloomberg News)

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Mafoff Report Looks At Regulatory Gaps

S.E.C. reports about Bernard Madoff show how he managed to get away with his scam. (Bloomberg News)

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California Fire Partially Contained

Firefighters say they contained about 1/5 of the fire raging northeast of Los Angeles. (Bloomberg News)

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Bankers Cash In

20 troubled banks' C.E.O.s get an average of $13.8 million before, which is 27% higher than what was paid to C.E.O.s at other companies. (Bloomberg News)

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China nearer to mass flu jab

A drug firm in China is awaiting the go ahead to begin mass production of a vaccine for the H1N1 strain of flu virus.

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Less Than 10% Decline In Sales - NFL

Recession hits NFL, league officials expect sales to dip 10%. (Bloomberg News)

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Sharapova Shifts Sponsorship Focus

Sharapova gets her first round victory at the U.S. Open. (Bloomberg News)

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Playing Natural Gas

Natural gas prices fall to new lows this year. (Bloomberg News)

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Oaktree Capital To Merge Japan REIT?

Oaktree plans to buy buildings in Australia where a credit shortage make investments more attractive. (Bloomberg News)

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Rothschild To Start Investment Fund

Rothschild starts its investment fund to buy minority stakes. (Bloomberg News)

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Hedge Funds To Change Performance Fees

Fund Managers ease their withdrawal restrictions and provides more disclosures of holdings to appease investors. (Bloomberg News)

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EU Finance Ministers Meet Before G-20

U.S. Finance Ministers gather in Brussels to find common ground ahead of their G-20 meeting in London. (Bloomberg News)

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Wells Fargo CEO Talks TARP Repayment

Wells Fargo receives TARP money and still yet to pay its taxpayers. (Bloomberg News)

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Hurricane Jimena lashes Mexico coast

A category three hurricane has been lashing the Mexican tourist hotspot of Los Cabos with winds of up to 185 kph (115 mph).

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ADP Report - Eco Preview

ADP may show companies cut 250,000 jobs in August. (Bloomberg News)

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European Market Check

European stocks post its third consecutive day of decline. (Bloomberg News)

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Asian Market Check

Asian stocks fall in today's trading. (Bloomberg News)

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China nearer to mass flu jab

A drug firm in China is awaiting the go ahead to begin mass production of a vaccine for the H1N1 strain of flu virus.

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Rock drummer to rabbit boarder

When Nigel Silk's career as a drummer ended abruptly he turned his garden in the English countryside into a holiday boarding business for bunnies.

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Business Update- Asia banks dip

U.S. financial sector jitters and a strong yen weighed over Asian investors, which better regional economic growth could not offset.

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Dalai Lama meets Taiwan Cardinal

The Dalai Lama and Taiwan's Cardinal Paul Shan Kuo-hsi lead a dialogue in Kaohsiung during the Tibetan spiritual leader's controversial visit.

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Drop in Afghan opium crop, but poor still at risk

Opium production in Afghanistan has fallen for a second year running with poppy cultivation down 22 percent and prices among the lowest in a decade, a UN report said Wednesday. But authorities warn opium addiction amongst the country's poorest is spiralling out of control, as unemployment and illness drive hundreds of thousands to drug abuse. Counsellors say they are particularly fearful for women, who are becoming opium addicts in record numbers. Duration: 02:31.

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UN chief urges action to halt climate change

UN chief Ban Ki-moon has urged world leaders to act to halt global warming, as he saw first-hand its effects in the Arctic ahead of a key climate change summit in December. Ban's statement came one day after visiting thinning ice at the polar ice rim and speaking with scientists on Tuesday. Duration: 00:49

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A neighbor's view on Jaycee Lee Dugard kidnapping

Investigators continue to pore over the ramshackle home where convicted rapist Phillip Garrido, 58, held Jaycee Lee Dugard prisoner for nearly two decades and fathered her two children after kidnapping her as an 11-year-old in 1991. AFPTV met with one of the next door neighbors. Duration: 01:02

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Afghan envoys call for 'fair' election outcome

Top envoys for Afghanistan called for a "fair" election process after a meeting in Paris on Wednesday. The daylong conference aimed to chart a way forward after claims of massive fraud cast a pall over the presidential election. US special representative Richard Holbrooke and counterparts from 26 countries and organisations met on the same day as a fresh Taliban attack which killed Afghanistan's deputy chief of intelligence, and two days after a high-level report presented a gloomy assessment of US and NATO strategy. Duration: 01:33

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Egg hatchery killing practices revealed

An animals rights group has released an undercover video showing the euthanasia practices of one of the biggest egg hatcheries in the world--in a factory in Iowa. Males, useless for the production of eggs, are ground up alive. Duration: 01:01

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Venice festival splashes out with 25 films

A record 25 countries are at this year's Venice film festival, which will headline US director Michael Moore's latest documentary "Capitalism: A Love Story" and fashion designer Tom Ford's directorial debut "A Single Man". Duration: 01:33

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Venice rolls out red carpet to film extravaganza

Venice rolled out the red carpet on Wednesday for a gala evening to open its annual film festival, a 10-day extravaganza in which a record 24 feature films are vying for the coveted Golden Lion award. Duration: 01:20

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