| Yahoo! to slash 1,000 jobs
Yahoo! is to cut 1,000 jobs from its 14,000-strong global workforce as it bids to turn the online search engine into consumers' portal of choice. The latest news from the media, technology and telecoms industriesYahoo!, which is fighting to keep pace with bitter rival Google, will see its headcount fall 7pc by the middle of next month as part of a restructuring of the company being led by founder Jerry Yang. .
ORU alumni support sought
Uncertainty remained Saturday about what effect Richard Roberts' resignation as president will have on Oral Roberts University, but some observers said it was a step toward improvement.
"I think people are going to be waiting and watching: OK, can it survive without a Roberts at the helm?" said Donald R. Vance, professor of biblical languages and literature.
Vance said he thinks alumni need to support ORU as it undergoes this transition, after being led for 42 years by a Roberts. ORU professors are committed to the school's evangelical Christian mission, but that might not be obvious without a TV minister as president, he said. Christian colleges across the country are led by non-ministers -- "it will just be different for us."
ORU leaders have not addressed what role, if any, Roberts will have at the university.
Foreclosures Soared 79 Percent in 2007
Some properties may have received more than one notice if the owners had multiple mortgages.A late-year surge in the number of properties reporting foreclosure filings suggests that many are in the initial stages of the foreclosure process and could end up lost to foreclosure this year unless lenders or the government steps in, RealtyTrac said."It does appear that we're seeing a new batch of properties enter the process," said Rick Sharga, RealtyTrac's vice president of marketing.RealtyTrac is forecasting that the pace of foreclosure filings will remain steady, rather than accelerate during the first half of 2008."Assuming nothing else bad happens economically ... we will have exhausted the bulk of the worst-performing loans by the end of June," Sharga said, referring to adjustable-rate mortgage loans made to borrowers with poor credit.
Storm malware still blowing strong
Storm is a good example of a modern threat that uses advanced technology to infect PCs and maintain its foothold on compromised systems by any means available," said Andrew Lee, chief research officer at ESET. "It is unique in that its programmers, and the bot-masters they work with, are paying a great deal of attention to maintaining the botnet, releasing frequent updates to evade detection by anti-malware and intrusion detection systems." A sign of Storm's sophisticated structure and self-updating mechanism is that different components are detected under several different names, even by a single security product. The Global Threat Report noted that computers running Microsoft's Windows were not the only target during 2007, and that October saw one of the first attacks targeting Apple machines running Mac OS X.
TheStar.com | Ideas | Soaring loonie a warning in disguise
In 1950, Ottawa let supply and demand determine the Canadian dollar's value. The modern-era high was $1.06 U.S., in 1957. In 1962 Ottawa fixed the exchange rate at 92.5 cents (the "Diefenbuck") to stop a decline. Ottawa unpegged the currency again in 1970 to ease inflation. It rose to $1.04 U.S. in 1974. The Parti Quebecois election win in Quebec in 1976 precipitated a sustained collapse. The dollar rose in the late '80s in a booming global economy; it fell in the '90s due to federal debt and soft commodity prices. The loonie's latest recovery has been on the strength of Canada's public finances and a boom in commodities; high energy prices are making the loonie one of the world's petrocurrencies. - David Olive and Star staff Why price parity is so elusive Retailer inventory may be months old, bought before parity reached Sept.
Market Watch: Poised at a critical juncture
FII selling is the drag and retail panic, the wildcard. Always difficult to gauge how much more is yet to come.
As we have seen last week, levels are not important at such a time. The screen, which was only reflecting greed these last few months, is flashing fear. Trading is generally tough at such junctures. Contrarian long trades or aggressive shorts could both go horribly wrong. Don't bet your house on the market now, it would be imprudent. Another buying opportunity is coming, just that there is no way of knowing if the floor was hit on Friday, whether it is 5600 or whether we will plunge to 5000 again. Let the market decide that. For us, it's time to shed our green eyeshades, smell the coffee and get back to the fundamentals. There may be bargains in many mid-caps this week.
Revealing big game's lost tales
Local Sports Local Scoreboard H.S. Football High Schools Modesto Nuts TV/Radio Ski Report Columnists Ron Agostini Will DeBoard Kelly Jones Stu Rosenberg Brian VanderBeek Blogs & Forums Extra Points (Ron Agostini) Silver & Black (Raiders) Will DeBoard Sports Forums .
Christopher Hitchens
He had, moreover, been an ally of the West in the war against Japan. Nothing under this heading can be said of the Iraqi Baathists or jihadists, who are descended from those who angrily took the other side in the war against the Axis, and who opposed elections on principle. If today's Iraqi "insurgents" have any analogue at all in Southeast Asia it would be the Khmer Rouge. Vietnam as a state had not invaded any neighbor (even if it did infringe the neutrality of Cambodia) and did not do so until after the withdrawal of the United States when, with at least some claim to self-defense, it overthrew the Khmer Rouge regime. Contrast this, even briefly, to the record of Saddam Hussein in relation to Iran and Kuwait. Vietnam had not languished under international sanctions for its brazen contempt for international law, nor for its building or acquisition, let alone its use of, weapons of mass destruction.
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