Home » Archives by category » News » World News (Page 428)

The news out of Somalia continues to grow more dismal: Today the UN announced that the drought coursing through East Africa is expected to worsen, and could claim as many as 750,000 lives in Somalia. The UN declared the Bay region a famine zone, making it the sixth area…

Continue reading …

When Cynthia Daily, her partner, and their son vacation with other families, “it’s wild,” she says. The kids “all look alike.” That’s because Daily turned to a sperm donor seven years ago; using the number assigned to her donor, she later searched an online registry for her son’s half-siblings, some…

Continue reading …

Two Germans who disappeared nearly three weeks ago while hiking in the Hindu Kush mountains were shot to death, a police general said today. A rescue team reached the bodies in the late afternoon after a four-hour trek on foot from the main road, and found the two men with…

Continue reading …

In what sounds a whole lot like a challenge to the paparazzi, Carla Bruni has announced that she will not allow the media to get its hands on the child she is expecting next month with Nicolas Sarkozy. “You don’t have a child for the gallery,” said Bruni in a…

Continue reading …

A new significant blow for al-Qaeda: Pakistani agents working with the CIA have arrested Younis al-Mauritani, a senior leader believed to have been tasked by Osama bin Laden with targeting American economic interests across the globe, Pakistan announced today. The Pakistani military said the arrest of Mauritani and two other…

Continue reading …

What’s a man to do after peeing on the floor of a plane, getting laughed at by Anderson Cooper for a full minute, and informing the entire world that you have a prostate problem ? Option one: Crawl under a rock. Gerard Depardieu went with option two: Don braided pigtails…

Continue reading …

“Labor Day” is a misnomer, and we’re the ones who have made it so, writes EJ Dionne for the Washington Post . Today, and every day in America, we no longer celebrate workers “as the real creators of wealth.” We reserve the highest praise for “capital,” he explains. “In scores of…

Continue reading …
Edinburgh University to charge £36,000 a degree

New £9,000 annual fee for all courses, with four-year degrees as standard, makes Edinburgh Britain’s most expensive university Edinburgh University has announced that it will charge non-Scottish UK students £36,000 for a degree. The National Union of Students Scotland said the new £9,000 annual fee for all courses, with four-year degrees as standard, makes Edinburgh the most expensive university in Britain. Heriot Watt and Aberdeen universities have also announced £9,000-a-year fees for non-Scots, but unlike Edinburgh they are capping fees at £27,000. Edinburgh defended its decision by saying it would offset its fees with generous £6.7m-a-year bursaries for its non-Scottish undergraduates. It will be heavily funded by the higher fees, and be worth up to £7,000 a year per student. Professor Mary Bownes, the university’s vice chancellor for external engagement, said: “The increase in the fee is necessary as we will no longer receive government funding for the rest of the UK domiciled students. These students will be studying at one of the world’s top teaching and research institutions, regularly ranked amongst the leading universities in the world.” About 22,500 “rest of the UK” students go to Scottish universities each a year, currently paying £1,820 a year in fees, but the new fees were authorised by the Scottish government earlier this year. Scottish university principals and Scottish ministers feared that there would be a surge in “fee refugees” heading north to avoid the £9,000 a year fees for English colleges authorised by the UK government. Heriot Watt and Aberdeen have also announced new and enhanced bursaries for poorer students from outside Scotland to offset the new charges but the top-rate fees were denounced by the National Union of Students Scotland as “terrible news”. Referring to Edinburgh’s decision, Graeme Kirkpatrick, the union’s depute president, said: “A £36,000 degree is both staggering and ridiculous. The average cost to study at Oxford and Cambridge is around £25,000 in fees, which while still eye-wateringly large, pales in comparison with this. And that’s before you add additional debt for the extra year of living costs for the four-year degree in Scotland. “This is nothing less than cashing in on students from the rest of the UK, and giving the signal that Edinburgh University is more interested in the money you can bring, as opposed to your academic ability. The reputational damage this could do, not only to Edinburgh but to the whole of Scottish higher education, should not be underestimated. “There’s clearly a race to the top happening here in terms of setting fees. It’s a depressing day when a university feels it’s more likely to be judged on the price tag it chooses rather than the quality of the education it provides. Tuition fees put off the poorest students and make university more about your bank balance than your ability.” Most university courses in Scotland last four years, against three elsewhere in the UK, because many courses start with a general “foundation” year before students begin specialising fully. That would have allowed Scottish colleges to set fees as high as £36,000 for a full four-year degree, much higher than their English counterparts, but Scottish universities believe most English students with strong A-level grades will be able to bypass the foundation year and begin their courses in second year. Some students will face higher fees. Students doing medicine at Aberdeen and Edinburgh will still be charged £9,000 a year for the full five year course, as in England. Heriot Watt said students on “enhanced”, five year courses in engineering, physics, chemistry and maths would be charged £9,000 for four years. The Scottish universities argue the decision to cap fees for mainstream subjects at £27,000 will allow them to compete directly with English colleges. Professor Steve Chapman, the principle at Heriot Watt, defended the new fees, which will affect about 225 non-Scottish students there each year. He said his university’s degrees were “a positive investment in future employment. Over 92% of our graduates are in work or further study within six months of graduation, with approximately three quarters of those going straight into graduate level jobs.” Heriot Watt also expects that a third of its student from the rest of the UK will be able to get bursaries to help the new fees. Scottish students will not be charged the new £9,000 a year fees because of an anomaly in European Union laws, which is expected to be challenged in court by several English students and the Birmingham-based law firm Public Interest Law. Since the Scottish government does not charge its residents university fees, all other non-UK students are also entitled to free tuition under EU laws. However, as Scotland is a subsidiary part of the UK and is not a member state in its own right, it is able to treat other UK citizens differently. Tuition fees Higher education Edinburgh Students Scotland Severin Carrell guardian.co.uk

Continue reading …
Double-dip recession fears see £49bn wiped off shares

City prepares for second round of quantitative easing after sharpest slowdown in UK’s services sector in a decade The City was readying itself for a second dose of electronic money creation from the Bank of England after the sharpest slowdown in Britain’s services sector in a decade prompted a £49bn loss in the value of leading London shares. One leading analyst predicted that Threadneedle Street could reactivate its quantitative easing programme this week after the monthly report from purchasing managers flashed warning signs of a double-dip recession over the winter. News that activity in the services sector – which accounts for 75% of the economy – had dropped at its fastest rate since the foot-and-mouth crisis of 2001 sent shares sharply lower. With anxiety mounting over the eurozone’s debt-ridden governments, the FTSE 100 Index closed almost 190 points lower at 5103. Shares across Europe fell more heavily in response to weak economic figures and concerns that the political weakness of Angela Merkel’s centre-right government will blunt attempts at solving the eurozone’s debt crisis. Wall Street was closed for Labour Day. Banks were the biggest losers in London as a further £49bn was wiped off the value of leading shares following a loss of £33bn last Friday. The part-nationalised RBS fell more than 12% after it was singled out by a broker as the most vulnerable British target of claims made by the US Federal Housing Finance Agency over the subprime mortgage scandal. Barclays and HSBC, which joined RBS on the list of 17 banks, fell 7% and 4% respectively. Lloyds Banking Group fell 7%. Michael Saunders, economist at Citi, said the services data would have an impact on the Bank’s nine-strong monetary policy committee. “With these figures and other signs of increased downside risks to growth, we now believe that the MPC is likely to restart QE, either at this week’s meeting or the October one,” he said. Howard Archer, UK economist at IHS Global Insight, agreed that more QE was on the way, but not yet. “The survey strongly reinforces belief that interest rates are staying down at 0.5% for a long time to come [but] we believe that further quantitative easing still seems unlikely as soon as this Thursday given still significant near-term inflation concerns.” Labour accused the chancellor,George Osborne, of being in denial about the state of the economy. “We urgently need a plan for jobs and growth to kickstart the economy and so help get the deficit down,” said Chris Leslie, shadow Treasury minister. “The government should start by temporarily cutting VAT and using the money raised from a tax on bank bonuses to build thousands of affordable homes and get people off the dole and into work.” Quantitative easing Economic policy Economics Interest rates Bank of England Larry Elliott guardian.co.uk

Continue reading …

Porn sets across the LA-area could be back in business this week, after an HIV scare that shuttered the industry last Monday turned out to be a false alarm. The actor who had tested positive was retested, and the second test returned negative results, reports the Los Angeles Times . “After…

Continue reading …