Miss World 2012 Winner: 5 Facts About Yu Wenxia, China?s Second Champion In The International PageantThe Miss World 2012 title was awarded to Yu Wenxia on August 18, marking the second time that Miss China had been crowned the honor. The last time China won the Miss World competition was in 2007 when Zhang Zilin took the pageant.
- Myanmar government has set up a 27-member commission to probe the recent sectarian violence that killed dozens and displaced tens of thousands in the western state of Rakhine along the Bangladesh border, state media reported.
- Finance minister urged state-run banks to increase lending for consumer durables on Saturday, saying this would help boost the manufacturing sector which has been caught up in the slowdown of the economy.
- Asian stocks ended mixed last week as market players continued to wait for policy makers to come up with bold stimulus measures to boost the weakening global economy.
Amtrak CEO Boardman Begs Congress For Billions In Funding But The Private Sector May Have To Right The RailroadFrance, Germany, Spain, China and Japan, among other nations, have moved by leaps and bounds ahead of the U.S. in cutting-edge rail transportation (and in rail line profitability), while Amtrak struggles to survive on budgetary scraps from Congress. Many rail experts believe that only investments from the private sector and sovereign wealth funds can save Amtrak.
Panic-Stricken Northeasterners Continue To Flee Indian Cities; Three Arrested In Bangalore For AttacksThe rumor-fueled exodus of the people of North-East India from the South Indian states continues unabated for the fourth day, as assurances of safety by the central and state governments fail to assuage the fear of impending attacks among the people.
- Advisers to the prime minister issued a stern warning to the government on Friday on the need to rein in the country's fiscal and current account deficits to avoid the risk of a credit ratings downgrade to junk status.
- The Comptroller and Auditor General (CAG) accused the government on Friday of allocating coal blocks, power projects and land for Delhi's flagship airport at a fraction of market prices, potentially costing the exchequer tens of billions of dollars in lost revenues.
- With the deepening of India's economic troubles, investors expect that Finance Minister P Chidambaram will take bold measures to boost the market confidence and rejuvenate growth.
- India bans mass texting service to contain the spread of false rumors regarding potential attacks based on ethnic conflicts, hoping to stanch an exodus from Bangalore and calm widespread panic.
- India is under a mass panic over the ongoing ethnic violence in its northeastern state of Assam, triggered when four men from the Bodo community were killed in Kokrajhar district July 20 allegedly by the Muslims who were seeking revenge for the attack on two student leaders from the community.
A Motorized Unicycle? The RYNO Motors Microcycle May Be Future Of Urban Transit [HOLD, see question]In a world where personal and urban mobility is dominated by the bland dorkiness of the Segway, a 13 year old girl and her inventor father are hoping the RYNO Motors microcycle, a motorized unicycle, will revolutionize how mall cops, Arab sheiks and Hollywood's flush rising stars travel.
- The trial in the whistleblower case involving Infosys and one of its employees in the U.S. has been postponed from August 20 to September 17.
- R.K. Singh, India’s Home Secretary, tried to calm the situation by blaming the unrest on "rumor- mongering" and rejected the notion that migrants were at risk in Bangalore, India’s affluent technological hub.
- Ethnic violence in India's northeastern state of Assam, which has left at least 80 dead and 200,000 displaced so far, has continued to spread panic across India, including southern Indian cities like Mumbai, Bangalore and Hyderabad where people of Northeast origin feared a backlash.
- India's leading carmaker Maruti Suzuki will restart production at its Manesar plant August 21, almost a month after the plant was shut down following violence by workers.