Word: nationalizes
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Millions danced in the streets and a national holiday was announced by Philippines President Gloria Macapagal Arroyo to mark the latest victory of the island nation's great 21st century hero: boxing great Manny Pacquiao. The fighter also known as "Pac-Man" won in a knockout, beating British boxer Ricky "the Hitman" Hatton on May 2 and becoming the International Boxing Organization and Ring Magazine World Light Welterweight champion. It was a world record-tying sixth division title and fourth consecutive win in a different weight class. All that plus a 49-3-2 record are why some may think...
...Fernbrooke goes, so goes the nation. In April, Australian Prime Minister Kevin Rudd announced a $31 billion plan to build a National Broadband Network (NBN) that will bring fast fiber-optic connections into 90% of the nation's homes, even to towns with as few as 1,000 residents. In doing so, Australia may leapfrog South Korea, which is widely acknowledged as the world's most wired country but where just 44% of residences currently have fiber connections. Less than 5% of U.S. households are wired with fiber-optic cables. (See the 50 best inventions...
...first miles of Australia's new network will be laid in Tasmania as soon as July. The rest of the nation will follow early next year, with the emphasis on tackling black spots and bringing faster connections to rural areas. Ultimately, the network will be capable of data-transmission speeds of up to one gigabit per second, says John Lindsay, carrier relations manager at Internode, an Internet service provider that delivers broadband to Fernbrooke and across Australia. "The network will evolve over a 40-year period," he says. "Fiber is a pretty future-proof technology...
...many Mexicans, meanwhile, concern has moved from health to the economy. The global financial crisis has already battered Mexico; now tourism, one of the nation's top three sources of income along with oil and migrant-worker remittances, stands to take a severe hit because of the epidemic scare. (See the top 5 swine...
...threat of union, however, has now led to a parliamentary crisis in the young Himalayan republic. On Monday, in a dramatic climax to a televised address to the nation, Nepal's Maoist Prime Minister Prachanda resigned after the President thwarted his move to sack the country's army chief. The army chief, Gen. Rukmangad Katawal, who had close ties to the fallen monarchy, was against taking in "politically indoctrinated" soldiers - a clear reference to Prachanda's Maoist brethren-in-arms. Since the peace accord, the Army has opposed full integration, fearful that the Maoists would then insinuate themselves into...