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January 28, 2009

Rotting Meat

Humanitarian relief to Gaza sitting at entry points with perishables going bad, The New York Times reported Tuesday.
Fear of accidentally allowing smuggled items across boarder to blame for the hold-up.
Egypt refuses to let anything cross into Gaza.
Israel lets very little through, and often requests items be repackaged.
Relief is mainly donated from Mideast nations, with some from Europe and other private organizations.
Items range from generators and water extraction equipment to baby formula and fresh meat.

http://www.nytimes.com/2009/01/28/world/middleeast/28egypt.html?_r=1&ref=world

January 27, 2009

Somber topic for a first blog ever

The Star Tribune newspaper self-reported that it had filed chapter 11 bankruptcy on Jan. 15, 2009, in effort to restructure debt and cut labor costs to stay in business.
Since 2000, the paper has seen a steady drop in income, largely blamed on declining advertisement sales.
The tribune is the 15th-largest newspapers in United States.
Over the past two years, under the new ownership of Avista Capital Partners, a family owned corporation, staff has been cut from 1,405 to 610 full-time employees. Avista stock has fallen 98 percent—about half what it was.
The assets of the star tribune are currently worth about two-thirds of its debt.

http://www.startribune.com/business/37685134.html?page=1&c=y