Sunday, June 3, 2012

UK queen goes to the races as celebrations begin

Queen Elizabeth II spent the first day of her Diamond Jubilee Weekend at the races in Epsom, England, a tradition older than Kentucky Derby. NBC's Michelle Kosinski reports.

By Reuters

LONDON -- Four days of celebrations to mark Queen Elizabeth's 60 years on the British throne was getting under way on Saturday with one of her favorite pastimes -- a trip to the horse races.?

Hundreds of thousands of people are expected to descend on London over the next few days for Diamond Jubilee festivities, with millions attending street parties across the country as the nation marks the queen's personal milestone.?


"The queen has given incredible service," British Prime Minister David Cameron said. "She's never put a foot wrong, she's hugely popular and respected here and around the world and it's an opportunity for people to give thanks and to say thank you for the incredible service that she's given."?

Queen Elizabeth II is celebrating 60 years on the throne. Watch archival footage from her childhood and ascension to the throne to the present day.

Across much of Britain, red, white and blue "Union Jack" flags billow from street lamps, outside buildings, shop fronts and houses, and sales of patriotic souvenirs have rocketed ahead of the celebrations.?

To royalists, the occasion is a chance to express their thanks and appreciation to the 86-year-old Elizabeth, head of state for 16 countries from Australia and Canada to tiny Tuvalu in the Pacific Ocean, for her years of public service.?

Secret donors, foreign firms bankroll UK's Diamond Jubilee celebration

For others, the chance of some extra days off work and to enjoy the sort of extravaganza and public ceremony for which Britain is renowned has made it a welcome break from austere times, pay freezes and deep public spending cuts.?

Republicans hope the occasion marks the last hurrah of a dying anachronism, while some 2 million people are leaving Britain altogether to go on holiday.?

"Original jubilees were invented in the 19th century by the popular press as modes of national celebration for which the monarchy and monarch was almost incidental," royal biographer Robert Lacey said.?

Jubilee fever is gripping the U.K. in the form of royal souvenirs ? but the ultimate Jubilee gift may be a one-of-a-kind desk complete with a hidden diamond, which will be auctioned off for charity. NBC's Ben Fogle reports.

He said the jubilee was as much about society celebrating itself as it was about the head of state and the now largely symbolic institution of the monarchy.?

"They tend to work best in times of economic hardship. It provides a tonic for the country," Lacey told Reuters.?
?

Jubilee treat: Canadian Mounties guard Britain's queen

Having acceded to the throne in February 1952 on the death of her father George VI when Winston Churchill was prime minister, Elizabeth is now the longest-lived British monarch.?

Only her great-great-grandmother Victoria spent longer on the British throne and she looks on course to overhaul her as longest-serving monarch in 2015.?

While more than a century separates festivities marking Queen Elizabeth II's 60 years on the throne from those honoring her predecessor Queen Victoria, surprising similarities connect the commemorations. NBC News' Jim Maceda reports.

As well as being head of the Commonwealth of nations mainly made up former British colonies, Elizabeth is also the Supreme Governor of the Church of England.?

"I think we've been enormously fortunate in this country to have as our head of state a person who has a real personality - a personality that comes through more and more, I think, in her public utterances," said the Archbishop of Canterbury Rowan Williams, the spiritual head of the Anglican Church.?"Someone with insight and judgment, and with immense stamina and a depth of commitment that I think is immensely impressive to all of us."?

The four days of celebrations begin on a fairly low-key note when the queen indulges her long love of horses by attending the Epsom Derby, one of the biggest events in the British horse racing calendar.?

On Sunday, there will be a flotilla of 1,000 boats assembled from around the globe travelling 25 miles along the River Thames featuring the queen and her 90-year-old husband Prince Philip on a royal barge, in the largest such pageant for 350 years.?

Thousands of street parties are also planned across Britain, including one on Downing Street outside Cameron's office, as part of a "Big Jubilee Lunch".?

With just days to go until the country's largest river event in 350 years, a complex security operation has kicked in to ensure the safety of the thousand boats that will accompany the Queen down the Thames for the Jubilee river pageant. The flotilla will include sailing ships, music barges and a Hawaiian war canoe. ITN's Fatima Manji reports.

Officials say there are some 9,500 street parties planned in England Wales and ABTA, the British travel association, said almost 2.5 million Britons were expected to take part.?

London's Heathrow airport said some 780,000 people were due to arrive in the next few days, although ABTA said an estimated 2 million Britons were planning to head overseas to take advantage of the two extra public holidays.?

The queen's London residence Buckingham Palace will play host to a pop concert on Monday featuring the likes of Paul McCartney and Elton John, before a network of 4,200 beacons will also be lit across Britain with more set alight around the Commonwealth.?

The celebrations culminate on Tuesday with a memorial service at St Paul's Cathedral, a carriage procession through central London and flypast by present and former royal air force aircraft.?

Police said the weekend would include the largest royal security operation ever conducted. Some 13,000 officials including about 6,000 police officers will be on duty for the Thames pageant, which poses challenges never before encountered.?

"We're treating it as a unique event, to have that many dignitaries on that many boats moving along the Thames," London police's Deputy Assistant Commissioner Stephen Kavanagh told Reuters.?

More world news from msnbc.com and NBC News:

Follow us on Twitter: @msnbc_world

Copyright 2011 Thomson Reuters. Click for restrictions.

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Saturday, June 2, 2012

Britain sends aid to help Malawi rebuild economy

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Google hosting Maps event just before WWDC where it will probably sulk about the iOS break-up

Google has just announced that they're holding an announcement event for Maps directly before Apple's World Wide Developer Conference next week. The timing of June 6 isn't entirely a surprise since we're expecting the announcement of iOS 6 to include Apple's own Maps infrastructure in the place of Google's.


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2 New Elements Named on Periodic Table

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Friday, June 1, 2012

Spain tries to calm investors amid market pressure

A miner throws a firecracker at the Industry Ministry during a demonstration to protest against cuts in Madrid, Thursday, May 31, 2012. Miners coming from all around Spain demonstrate in Madrid amid fear on losing their jobs. Spain is moving closer to the financial tipping-point that could force it to ask for a bailout as the country's borrowing costs neared unsustainable levels Wednesday. The country's economic fortunes have gone from boom to bust over the past decade.(AP Photo/Daniel Ochoa de Olza)

A miner throws a firecracker at the Industry Ministry during a demonstration to protest against cuts in Madrid, Thursday, May 31, 2012. Miners coming from all around Spain demonstrate in Madrid amid fear on losing their jobs. Spain is moving closer to the financial tipping-point that could force it to ask for a bailout as the country's borrowing costs neared unsustainable levels Wednesday. The country's economic fortunes have gone from boom to bust over the past decade.(AP Photo/Daniel Ochoa de Olza)

A man rummages through a recycling trash container in front of the Bankia bank headquarters in Madrid, Thursday May 31, 2012. The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and the country's soaring borrowing costs. A European Commission spokesman, Amadeu Altafaj, told Spanish National Radio that the conservative government in Madrid needed to spell out quickly how it plans to finance the recapitalization of troubled lender Bankia SA and whether there are other banks burdened by toxic real estate assets that might need assistance. (AP Photo/Paul White)

A woman leaves a bank as a piece of cardboard holds on the entrance reading, ''Closed by Cynicism'' during a march against cutback plans by Spain's government in Pamplona, northern Spain, Thursday, May 31, 2012. The European Union urged Spain Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and soaring borrowing costs. (AP Photo/Alvaro Barrientos)

People protest in front a bank during the protest against cutback plans by Spain's government in Pamplona, northern Spain, Thursday, May 31, 2012. The European Union urged Spain Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and soaring borrowing costs. (AP Photo/Alvaro Barrientos)

(AP) ? Spain's finance minister claimed the country was fiscally stable now that its autonomous regions were meeting deficit reduction targets, but investors remained wary and pushed the government's bond yields higher on Friday.

The 17 semi-autonomous regions ? whose high debts have helped fuel fears about the broader country's financial future ? will meet a target to get their collective deficits below 1.5 percent this year, Cristobal Montoro told a news conference.

They ran a deficit of 0.45 percent of GDP in the first quarter, and with ?5 billion in money from the central government ran a balanced budget.

"This means that since the beginning of the year the government's plan is working," said Montoro.

Most of Spain's excessive deficits in 2011 ? which at 8.9 percent were almost three times the EU limit of 3 percent ? came from the regions' overspending.

Eight of the regions, including powerful Catalonia in the northeast, saw their credit ratings downgraded this week by the Fitch agency. The ones that issues debt are paying high rates. Montoro said the government is close to completing a mechanism that will allow the regions to issue debt through the central government at lower rates.

Worries about Spain's deficits as well as its banking sector ? where expensive bailouts risk overwhelming public finances ? have pushed the central government's borrowing rates toward unsustainable levels. In midafternoon trading the interest rate on 10-year Spanish bonds stood was up 0.11 percentage points to 6.56. The rate was more than 5.4 percentage points higher than the equivalent German one, which is considered a safe haven for investors.

Despite the rise in cost, Montoro insisted Spain can meet its debt obligations. "Spain has the ability to make good on that debt in its entirety."

Concern about Spain and the wider 17-country eurozone has shaken financial markets in recent weeks, pushing the euro to a 2-year low on Friday.

Spanish Economy Minister Luis de Guindos this week that Spain and Europe were at a crossroads as speculation mounts over whether the country will need a bailout. The danger is that Spain's ?1 trillion ($1.24 trillion) economy is far bigger than those of already bailed-out Greece, Ireland and Portugal combined.

Spain's banking sector is laden with soured investments on real estate and the government needs ?19 billion to rescue just one lender, Bankia SA, at a time of recession and crushing unemployment of 24.4 percent.

"I don't know if we are on the edge of a cliff, but we are in a very, very difficult position," de Guindos said Thursday evening in a speech to business leaders in Sitges, a resort town near Barcelona. "The future of the euro is going to play out in the next few weeks in Spain and Italy."

Bond yields ? a measure of investor confidence in a country's debt ? were also very high in Italy, which has big debts and is in recession. Its 10-year bond yield rose to 5.93 percent on Friday on fears that it could be affected by the instability of Spain.

UBS Investment Research said there is no a consensus that the Spanish banking sector in general needs a big recapitalization. It estimated the sector needs between ?80 billion and ?100 billion in new funds.

"The Spanish State should be able to sustain the recapitalization costs without losing control of its finances," UBS analysts said in a note to clients. "We recognize however that financing this intervention in current market conditions will be difficult."

De Guindos supported the recent proposal by the European Commission for a centralized banking authority with the financial capacity to to inject capital directly into troubled banks without having to go through governments first.

He also said Europe needs a regional bank deposit insurance plan like the United States has and a "banking union" to coordinate regulation among countries.

German, however, opposes the idea of a centralized authority that can spend money ? much of which Berlin supplies ? directly on shaky banks.

"We don't see now how such ideas are supposed to help with the short-term management of the current questions," said German Finance Ministry spokesman Johannes Blankenheim. "The fiscal compact is the beginning of the fiscal union and, as a perspective, one can imagine stronger (banking) supervision."

Top financial officials, however, have been warning European leaders they must take action before it is too late.

European Central Bank head Mario Draghi said this week that the setup of the eurozone was unsustainable and called for measures, such as a banking union, as proposed by the European Commission.

World Bank chief Robert Zoellick made similar points in an opinion piece printed in the Financial Times on Friday.

"Eurozone leaders may be nearing a 'break the glass' moment: when one smashes the pane protecting the emergency fire alarm," Zoellick wrote in the paper. He likewise supported the idea of having a central authority that can put money into ailing banks.

Despite is resistance to such a move, Germany did back the European Commission's proposal to give Spain more time to reduce its deficit. It stood at 8.9 percent of GDP last year, and the goal is to get it down to 5.3 percent by the end of 2012.

Blankenheim noted that Spain has stated its intention of cutting the deficit to 3 percent by next year, "but we also see that, because of unfavorable economic developments, it could be difficult to reach these targets."

"Spain is fulfilling its commitments in the deficit proceedings and so there is no reason to escalate the proceedings against Spain," Blankenheim told reporters in Berlin. "The Spanish government is tackling with determination the necessary reform measures, and the German government is convinced that this determination will be mirrored on the markets."

___

Geir Moulson contributed from Berlin.

Associated Press

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U.S. condemns reported Russian arms shipment to Syria

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Everything Practical ? Grind Games On the web

Whether you may be a pupil, a dad or mum, a doing the job professional or a variety of those product descriptions, chances are there is a very working life. Focus people and investigate facilities declare that one cause of this trend may just be that a lot of these games give good methods reducing an individual?s stress tiers. While it truly is all too straightforward only deal with your demands, it is crucial to remember for taking good maintenance of your body.

1- Equipment of Showdown 3: One last epic game within the trilogy will allow four people to happy wheels game free online from the campaign. So we?ve make a few child-friendly gadgets to ensure a gentle ride in a stress-free holiday getaway.

"Ever merely because went via the internet, games are actually accessible to some much more robust audience; a huge system of the new projected audience are folks that don?t individual or cannot afford a high-end gaming console or even gaming notebook computer to engage in complex graphics-high online games on," indicated alluring Chief Brent Phillips. Brain debris get refreshed by way of a session about online club, and perform better the every single day tasks in life. Studies get pointed to the possibility that many little children who have fun with games as of this age can continue on to recognize ones own talents, greatly aids them in selecting career for the purpose of themselves. Now in which children plus parents the two acknowledge benefit of winning contests for some time beside studies, games are generally set to obtain more and most common in his or her?s online type, thanks into the easy accessibility and then the balance from economy together with entertainment.

Now, with all the eager mass media, game administrators and web based video poppers excitedly await final results of that 2012 Republican primaries. Zip off the sidewalk and your friends. You could run errands by 10% the time frame. . The same everyone is now endlaved by the games and so are always via the internet looking intended for new not to mention improved styles that complications them. The beginning of expensive and HTML1 has the reality is set all the developers using a road so that you can developing greater graphics with the same volume of online tough drive capacity in addition to running speeds to their games, the projects being geared towards attracting better gamers to be able to online gaming at the same time. Titles just like RuneScape that make sure you match any storyline-based hands per hour of gaming console games happen to be gaining reputation with gamers coming from all age categories, thanks with their highly tough gaming and additionally engaging accounts. If you want developing your gaming answer to expand your corporation share along with visibility, you could also make a call to a most respected company acquiring experience with developing various online online games. Those avid gamers that fully understand MMORPG video games my see this any tedious project and want an edge to cause them to level 70 as quickly as possible.

Mahjong Alchemy is without a doubt another fantastic Mahjong gameplay which employs Alchemy symbols as an alternative to Chinese designs.

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