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Starbucks slid to its first quarterly loss as a public company on Wednesday as charges related to its decision to close more than 650 cafés wiped out profits at the biggest US coffee shop chain.
The retreat comes days after the Melbourne lender shocked the markets by announcing a 90pc write-down on its £550m holdings of US mortgage debt, an admission that it AAA-rated securities are virtually worthless.
CONNECTING THE DOTS
Is diversity America's greatest strength? Is a nation full of people who do not share the same values a good thing? Any look around at multicultural countries like England, France, Canada, Holland, Lebanon and America illustrates tension, uneas
Warning: this is a graphic video of unnecessary use of force.
Women’s advocates and the state Attorney General's office are criticizing a new court ruling which will make it harder for women to get restraining orders against their male partners. Star-Ledger columnist Fran Wood, in her recent op-ed “Don'
A police SWAT team raided the home of the mayor in the Prince George's County town of Berwyn Heights on Tuesday, shooting and killing his two dogs, after he brought in a 32-pound package of marijuana that had been delivered to his doorstep, polic
The new MoveOn.org Attack Ad is out. It attacks McCain--and anyone--wanting to drill for more oil: that's a "gimmick".
An extraordinary funeral send-off for an extraordinary American Hero: Navy Seal Mike Monsoor.
Postville, IA was the site for a rally by townspeople and illegal immigration foes to call attention to the problems of illegal immigration in this Midwestern US town.
Boyle's powerful case for Palestinian self-determination.
The Coming Fall of the Empire's Dollar
An astronomical calculator, considered a technological marvel of antiquity, was also used to track dates of the ancient Olympic games. Experts detected the word "Olympia" on a bronze dial, as well as the names of other games in ancient Gree
President Bush approved an order that rewrites the rules governing spying by U.S. intelligence agencies, both in the United States and abroad, and strengthens the authority of the national intelligence director. Executive Order 12333, which la
While I have not read his book, these 2 passages go to the essence of the destructive nature of the political mindset: (1) "there can be little doubt that global warming is real and manmade;" and, (2) "[s]ometimes the duty of political
Bush administration officials reassured Israel's defense minister this week that the United States has not abandoned all possibility of a military attack on Iran, despite widespread Israeli concern that Washington has begun softening its position
The House Judiciary Committee has just voted to hold Karl Rove in contempt for failing to respond to a subpoena to face questioning from the Committee on the prosecution of former Alabama Gov. Don Siegelman. The final vote was 20 ayes and 14 nays. Wi
Using newly developed voltage-sensitive nanoparticles, researchers have found that the previously unknown electric fields inside of cells are as strong, or stronger, as those produced in lightning bolts. Previously, it has only been possible to measu
Apparently Arizonans aren’t the only one having difficulty selling their properties- the State of Arizona can’t unload them either:
Will Congress be looking at a "commercial bailout" next?
[so you know it's toast] The Bush administration expressed confidence the US would maintain its top-notch credit rating even as the government scrambles to find new ways of expanding debt sales to cope with soaring budget deficits.
8 police officers who raided an innocent family's house last year, trading fire with the terrified husband, have received medals. 3 officers involved in the raid, which stemmed from bad information from an informant, received medals of valor; the
Advocates of universal enslavement are planning to hold a "National Service Summit." Advocates of state-mandated "service" will push for enactment of legislation requiring all 18-26 year olds waste at least 2 years of their lives
One of the first Israeli historians to admit that Israel forced the Arabs off their land was Benny Morris, a professor of Middle Eastern history at Ben-Gurion U. Morris doesn't think it was a bad thing to kill other people and take their property
Concerned citizens who write to representatives may be reported for their views.
[must be election time] The US should stop arresting responsible marijuana users, Rep. Barney Frank said, announcing a proposal to end federal penalties for Americans carrying fewer than 100 grams, almost a quarter-pound, of the substance.
Sen. Barack Obama met with House Democrats, talking about his trip abroad and his observations.Obama told the caucus "Nobody said this to me directly but I get the feeling from my talks that if the sanctions don’t work Israel is going to strike
Cheech and Chong reunite as feud goes up in smoke.
Early in the morning and out of public view, the president signed it without fanfare in the Oval Office, adding his signature to a measure he once threatened to veto. The White House said his accomplices were Treasury Secretary Henry Paulson, Housing
[Won't attack Iran on my watch.] Facing burgeoning corruption allegations and plummeting popularity, Prime Minister Ehud Olmert said he will resign in September, throwing Israel into political turmoil and raising doubts about prospects for peace
