Frontpage: Tuesday, May 29th
- Syrian Diplomats Expelled: Kofi Annan began negotiations in Syria on Monday in an effort to save his peace plan, while Russia, one of Syria’s allies, said the government should take most of the blame for the violence in Houla. Meanwhile Australia, Canada, Germany, Spain, France, Britain, and Italy all announced Tuesday that they would expel all Syrian diplomats immediately, a move coordinated with the U.S.’s hardline action.
- 5.8 Quake Shakes Italy: A 5.8-magnitude earthquake hit northern Italy early Tuesday morning, killing at least 15 people and injuring another 200. The quake is the second to hit the region in nine days, after 6.0-magnitude earthquake struck on May 20 and left seven people dead and destroyed hundreds of buildings.
- Facebook Stock Falls to New Low: What’s worse than your stock tumbling after going public? Your stock tumbling some more. Facebook shares slid another 5 percent Tuesday, dropping the social network’s value about 21 percent since going public on May 18. Shares are now hovering around $30.
- Suu Kyi Makes Thailand Trip: Despite tensions with Burmese President Thein Sein, Democratic leader and activist Aung Sung Suu Kyi is making major strides in her new parliamentary role. The long-time political prisoner arrived in Thailand on Tuesday night—her first trip away from Burma in 24 years—where she is scheduled to meet with migrant workers, Burmese war refugees, and leaders at the World Economic Forum on East Asia.
- Al Qaeda’s No. 2 Afghan Killed: Al Qaeda’s second-highest leader in Afghanistan was killed by airstrikes carried out by NATO, the coalition confirmed on Tuesday. According to NATO, Sakhr al-Taifi was responsible for commanding foreign insurgents in Afghanistan and has also been credited with directing attacks against NATO and Afghan forces.
Photo via picturedept:
Photo of the Day: May 28, 2012
Flood of Memories
A woman is reflected in the Korean War Memorial in Washington, D.C. (Photo: Brendan Smialowski, AFP / Getty Images)
aka walking around money.
Frontpage: Tuesday, May 22nd
- SpaceX Launch Successful: It’s official: Dragon has launched. The private, unmanned space shuttle built by a California’s SpaceX successfully launched early Tuesday morning from Cape Canaveral, Fla.—the first mission by a spacecraft not commissioned by the government. See video above.
- U.N. Nuclear Chief: Iran Deal ‘Soon’: The head of the United Nations nuclear agency said Tuesday that he has reached a deal to investigate Iran’s budding nuclear program—and he expects an agreement will be “signed quite soon.”
- Obama, Romney Tied on Economy: President Obama and Mitt Romney are in a statistical dead heat over the economy, the issue that Americans said they care about most ahead of the November elections, a new Washington Post/ABC News poll found on Tuesday.
- Facebook Shares Fall: This is not the way anyone likes to debut. Facebook shares fell seven percent at the opening of the market on Tuesday. Facebook debuted on the market on Friday at $42 a share, slightly above its initial public offering of $38 a share and finished the day at just $42.23 and then tumbled 11 percent on Monday.
- Indian Train Collision Kills Dozen: At least 25 people were killed and dozens more injured early Tuesday in southern India after a passenger train rammed into a freight train. The vehicles caught fire as rescue workers tried to pull out survivors. Around 70 people were rescued from the wreckage in the six hours after the crash.
Video: SpaceX Launch Successful
Frontpage: Monday, May 21st
- Obama’s Super PAC Slumps: Priorities USA Action, the largest pro-Obama super PAC, is trailing GOP political action committees as the two sides prepare for the first general election in which they are likely to play a major role. Priorities USA Action raised $1.6 million in April, $3 million less than what Restore Our Future, a PAC that supports presumptive Republican nominee Mitt Romney, drew in over the same period.
- Protesters to Hit Chicago: Chicago police clashed with demonstrators Sunday, but protesters say they’ll be back on the streets Monday as leaders from the 28 NATO countries meet. At least 45 people were arrested Sunday, and four officers were taken to the hospital, including one who was stabbed in the leg, according to Chicago Police Superintendent Garry McCarthy.
- Probe Targets DSK Rape Allegations: Thoroughly disgraced French politician Dominique Strauss-Kahn may have been involved in rape, said a French prosecutor who’s opening a preliminary investigation into the allegations. The prosecutor is responding to requests by judges in Lille, France, to look more closely into allegations of sexual crimes after probing a prostitution ring in the city.
- Bombing in Yemen Kills 90: A suicide bomber reportedly disguised as a soldier struck in Yemen on Monday, killing at least 90 and perhaps as many as 100 people. A group with ties to al Qaeda has climb responsibility for the bombing that struck a group of soldiers gathered near the presidential palace in the capital.
- Facebook Shares Dive: After a tepid reception last week, the blue-and-white juggernaut continued to make a disappointing showing on the market Monday, diving 12 percent in the first half hour of trading.
Photo via picturedept:
Photo of the Day: May 20, 2012
Gay Group Leader Beaten in Ukraine
Unidentified men beat Svyatoslav Sheremet, head of the advocacy group Gay Forum of Ukraine, as he met with members of the media in Kiev to announce that a scheduled gay-pride parade was cancelled. The attackers ran off when they realized members of the media were documenting the attack.
Frontpage: Friday, May 18th
- Zuckerberg Rings Opening Bell: Facebook founder and CEO Mark Zuckerberg rang the Wall Street opening bell Friday, the day his company is set to debut on the market. Facebook will start trading stocks on the open market at 11 a.m. Friday, 90 minutes after the New York Stock Exchange opens, and a share will be traded at $38, giving the company a $104 billion valuation.
- Detective: Trayvon Didn’t Start Fight: The lead detective in the case against George Zimmerman’s alleged shooting of Trayvon Martin said he believes Zimmerman caused the fight by getting out of his car to confront Martin, and believes the Florida neighborhood-watch volunteer should be charged with manslaughter.
- Dimon Will Testify Before Congress: It’s been a rough few days for JPMorgan Chase CEO Jamie Dimon. First came news that his company suffered a $2 billion trading loss. Then came reports that the loss might be closer to $3 billion. Now, Dimon is going to have to go before the Senate Banking Committee to explain what happened.
- Syria Warns Arab Nations: Gulf powers like Saudi Arabia and Qatar have argued that Syrian insurgents should be supplied with weapons, and Assad’s government has repeatedly accused countries of backing a “terrorist” campaign.
- Netanyahu: Iran isn’t Serious About Nuke Talks: Israeli Prime Minister Benjamin Netanyahu said Friday he doesn’t believe Iran is serious about ending its nuclear program.
Photo via picturedept:
Photo of the Day: May 17, 2012
The Heat is On
A boy leads his goat past a parched pond in India.
Frontpage: Wednesday, May 16th
- Mladic War Crimes Trial Begins: The trial of Ratko Mladic, the man accused of being responsible for the bloodiest genocide in Europe since World War II, began on Wednesday at The Hague, 17 years after the Bosnian conflict ended. Mladic is charged with 11 counts, including two counts of genocide, war crimes, and crimes against humanity during the Bosnian conflict, including the massacre of 8,000 Muslims in Srebrenica.
- Greeks Pulling Funds From Banks: Greeks are withdrawing euros from banks over fear of the country exiting the single currency and the rapid devaluation they would suffer as a result. In a meeting between Greek President Karolos Papoulias and political leaders, Papoulias spoke of the “fear that could develop into panic” at the country’s banks as the political parties failed to form a coalition government and a new election was announced.
- Romney Wins Nebraska, Oregon Primaries: And the winner is … Mitt Romney! The former Massachusetts governor had no problem running to victory in both Nebraska and Oregon on Tuesday night, winning nearly 70 percent of the vote in the Cornhusker State with three quarters of precincts reporting.
- Facebook IPO Could Top $16B: Facebook will increase the size of its initial public offering by 25 percent, a source told Reuters on Wednesday—meaning the company could raise as much as $16 billion before its shares go public on Friday. If the IPO is increased, it will be the third-largest initial share sale in history, after Visa and General Motors.
- Russian Cops Break Up Protest Camp: Russian police ousted political protesters from a campsite in Moscow early Wednesday morning, a day after a judge ordered the site be cleared because of complaints from neighborhood residents. Police had initially said they wouldn’t move in until noon against “OccupyAbai,” named after the statue of a 19th-century Kazakh writer in Chistye Prudy park, but instead swooped at 5:30 a.m.
Photo: JPMorgan Chase CEO Jamie Dimon attends a session at the World Economic Forum in Davos, Switzerland, Jan. 27, 2011. (Vincent Kessler / Landov) Read: "Dimon’s Unshakbale Hubris."
TechCrunch’s history since AOL bought it in 2010 has been as turbulent as the private roller coasters many Facebook employees will likely install in their Silicon Valley mansions post-IPO.
Gawker’s Adrian Chen • Commenting on AOL’s reported plans to sell TechCrunch, Engadget and most of its other tech-related properties in a single package. One amazing line really says it all. (via shortformblog)
We LOL’d too.
Frontpage: Tuesday, April 24th (Late Edition)
- James Murdoch Grilled on Emails: James Murdoch is sticking to his story that he never saw an incriminating email regarding phone hacking at News of the World until 2010. Speaking before the Leveson Inquiry into press standards, the former chairman of News Corp.’s British newspaper division insisted management told him the paper had a clean bill of health.
- North Korea Preps Nuke Test: North Korea has almost finished preparations for a third test of its nuclear capabilities, a source close to the operation has revealed. The news comes just weeks after another failed rocket launch that intensified hostilities between the impoverished regime and the United States.
- California to Vote on Death Penalty: One of the largest death rows in the United States may shut down if California voters approve a measure this November. The measure, which qualified for the ballot yesterday, would replace death with life in prison without parole as the state’s toughest penalty. More than 700 people on death row would have their sentences commuted.
- Feds File Charges in BP Oil Spill: Criminal charges have been filed against a former BP engineer who is accused of destroying evidence in the disastrous oil spill two years ago, the Justice Department announced Tuesday.
- Facebook Growth Slows: It looks like Facebook will enter its pre-IPO quiet period on a down note. The company’s profit in the last quarter was $205 million, down 32 percent from the fourth quarter of 2011 and down 12 percent from a year earlier. However, revenue was up 45 percent from a year earlier.
Photo: Ron Galella’s Greatest Hits: Ron Galella’s work is the subject of several books. His latest, Paparazzo Extraordinaire, which is out this month, includes some his most famous photographs, from Michael Jackson to Mick Jagger; Greta Garbo to Elizabeth Taylor to (pictured above) Jackie O. See more.
Frontpage: Wednesday, Apr 18th
- Burma’s Suu Kyi to Go Abroad: Burma’s pro-democracy leader Aung San Suu Kyi plans to visit Norway and the U.K. this summer, her first trip out of the country in 24 years. She spent almost 20 years under house arrest in Burma, and refused to leave the country lest the military government refuse to let her back in.
- Zuckerberg Made Instagram Deal: Facebook’s purchase of Instagram for $1 billion took everyone by surprise—including Facebook’s board. Mark Zuckerberg told his board the day before the deal was publicly announced that they were buying the photo-sharing app. He’d worked out the deal himself, in three days of negotiations with Instagram founder Kevin Systrom in Zuckerberg’s home.
- U.S. Soldiers Posed with Taliban Bodies: A soldier from the U.S. Army’s 82nd Airborne division has released photographs showing soldiers posing with the remains of Afghan suicide bombers. He told the Los Angeles Times he released the photos in order to bring attention to a breakdown in leadership and discipline. The photos show soldiers holding limbs and smiling after being sent to recover the remains of a suicide bomber.
- Obama, Romney in Dead Heat: A new CBS News/New York Times poll released Wednesday has President Obama and Mitt Romney in a dead heat, with each receiving 46 percent of registered voters.
- GOP Chooses Kelly for Giffords’s Seat: Republicans chose Jesse Kelly to go against Gabrielle Giffords’s former aide Ron Barber in what will likely be a closely contested special election for the congresswoman’s vacated seat. Kelly, an Iraq War veteran and Tea Party favorite, lost to Giffords by only 4,000 votes in 2010.
Photo: Photographer Jon Lowenstein, who recently received a John Simon Guggenheim Fellowship, has spent a decade documenting the neighborhoods and the lives of the people living on the South Side. On assignment for Newsweek and The Daily Beast, he photographed the neighborhoods of Englewood and Little Village, among others, to look at the rise in violence and the impact it is having on the people there. View more photos. (Jon Lowenstein / NOOR for the Daily Beast)