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THE TOP TEN CHUCK NORRIS FACTS:
01 Chuck Norris' tears cure cancer. Too bad he has never cried.
02 Chuck Norris counted to infinity - twice.
03 Chuck Norris does not hunt because the word hunting infers the probability of failure. Chuck Norris goes killing.
04 If you can see Chuck Norris, he can see you. If you can't see Chuck Norris you may be only seconds away from death.
05 When the Boogeyman goes to sleep every night he checks his closet for Chuck Norris.
06 Chuck Norris built a time machine and went back in time to stop the JFK assassination. As Oswald shot, Chuck Norris met all three bullets with his beard, deflecting them. JFK's head exploded out of sheer amazement.
07 Chuck Norris has already been to Mars; that's why there are no signs of life there.
08 They once made a Chuck Norris toilet paper, but it wouldn't take shit from anybody.
09 A blind man once stepped on Chuck Norris' shoe. Chuck replied, "Don't you know who I am? I'm Chuck Norris!" The mere mention of his name cured this man blindness. Sadly the first, last, and only thing this man ever saw, was a fatal roundhouse delivered by Chuck Norris.
10 Apple pays Chuck Norris 99cents for every song he listens to
The Power Of Imagination is simply amazing
Saturday, January 3, 2009, 12:00 AM
This report is about the second news article for my School Homework. It is a report about the current Financial Crisis or Recession that the World in currently experiencing. This is BBC News' report about it.
It said that Friday's employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.
Its view is controversial, with banks such as Lehman Brothers disagreeing.
But a reserve member of the committee that sets US rates warned that it could do little about the below-trend growth expected in the next six months.
"I am concerned that developments on the inflation front will make the Fed's policy decisions more difficult in 2008," Charles Plosser, president of the Federal Reserve Bank of Philadelphia said.
He was referring to the problems faced by the US Federal Reserve, which might want to cut interest rates to avoid a recession, but is worried about inflationary factors such as $100-a-barrel oil.
'Significant decline'
An official ruling on whether the US is in recession is made by the National Bureau of Economic Research, but this decision may not come for two years.
The NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months".
It bases its assessment on final figures on employment, personal income, industrial production and sales activity in the manufacturing and retail sectors.
Merrill Lynch said that the figures showing the jobless rate hitting 5% in December were the final piece in that puzzle.
"According to our analysis, this isn't even a forecast any more but is a present day reality," the report said.
'Actual downturn'
But NBER president Martin Feldstein denied Merrill's claims.
"I think we're not in a recession now," he told CNBC.
"But I think there is a serious risk that it could get worse and we could see an actual downturn," he added.
Merrill said that the current consensus view on Wall Street that there is a good chance of avoiding a recession is "in denial".
It also objected to the use of euphemistic terms for the state of the economy.
"To say that the backdrop is 'recession like' is akin to an obstetrician telling a woman that she is 'sort of pregnant'," the report said.
Housing figures
There were further signs of the housing slowdown that has sparked off the problems in the US economy in home sale figures.
Pending sales of existing homes fell 2.6%, according to the National Association of Realtors, which saw its pending sales index drop to 87.6 in November, 19.2% below the point it was at a year ago.
The figures were better than expected, however, because October's index reading was revised upwards from 87.2 to 89.9.
Meanwhile, US phone giant AT&T said it was now disconnecting a growing number of home phone and broadband customers for failing to pay their bills.
This is taken from
http://news.bbc.co.uk/2/hi/business/7176255.stm, it is purely for Educational purposes ONLY and no Copyright Infringement is intended.
Opinion: I think that this crisis may be a test of our perseverence and our lives. The current crisis have caused soaring prices and many job losses, but this is a time to be stronger than ever instead. We should work together and try to build up the Financial Status again and help us grow even stronger before. My heart goes out to all thiose who had suffered the most from this, but we should take the pieces of this and put them together instead.
Profile
Profile
Amos Heng(12)
Montfort Secondary School( Class 2E-3 of 2008)
Loves
World Of Warcraft
The Amazing Google
Microsoft Technology
Hates
Freaking spammers on the trade channel in WoW
Unoriginal Games/Shows which hope to compete with the original
Asiasoft's idea of "Free To Play"
WishList
Wrath Of The Lich King Expansion
A self-enclaimed Land
Blizzard's real life crafted Frostmourne
To stay in Express Stream
A vision of the future
My own Island
To meet people whom i respect(Listed below later)
My own private Jet
Research information on progress in Antartica
To Travel around the world
Note: None of the wishlists will be crossed out to show that I have achieved it
People Whom I Respect
1)Bill Gates,Retired CEO Of Microsoft
2)Pope John Paul II,the 264th Pope of the Roman Catholic Church and Sovereign of the State of the Vatican City,Passed away on 31 March 2005
3)Albert Einstein,German-Borned US Physicist,passed away on 18 April 1955
4)John Paul Larkin,The Scatman! Passed away on December 3, 1999
5)Mr Lee Kuan Yew,Minister Mentor,Singapore City
6)Issac Newton,Scientist, passed away on 31 March 1727
7)Alex Ferguson,Manager of Manchester United(Soccer Team)
8)Barack Obama,United States Senator and presidential nominee of the Democratic Party in the 2008 United States presidential election
9)Yang Family Of Ancient China(Yang Ye,Yuanping, Yanding, Yan-an, Yanhui, Yande, Yanzhao, Yanjiong, Bajie and Jiumei)
Note: They are in no paticular order