SHARES of Facebook have taken another tumble, continuing a downward spiral that began at the start of the week.
The blame game has already begun with some pointing fingers at Nasdaq, where technical issues created confusion during the first day of trading, and others blaming the lead underwriter of the offering, Morgan Stanley, for failing to divulge last-minute changes to revenue projections.
After being priced at $38, the shares opened at $42.05 on Friday and fluctuated between $45 and $38 throughout the day, before closing up just 23 cents.
The California company’s shares began to tumble on Monday and closed down 11%.
Tibetan spiritual leader, the Dalai Lama participated in a panel discussion with Native Hawaiian leaders on his second day in Hawaii at the University of Hawaii’s East-West Center and spoke about peace at a sold-out public talk on Sunday.
He has also presented in front of up to 9000 Hawaii student.
The topic of the panel discussion was “the Importance of Native Intelligence in Modern Times,” and the co-panelists were Dr. Pualani Kanahele, writer and expert on Hawaiian cultural practices and Mr. Nainoa Thompson, President of the Polynesian Voyaging Society.
It’s the Dalai Lama’s fourth visit to the islands and his first since 2008, when he went to Maui.
The Dalai Lama is next scheduled to head to San Diego as part of a North American tour.
If you head to North America for a vacation then be aware that health and medical cover can be very expensive.
The global coffee giant Starbucks are giving a bit back to the community in terms of job creation efforts by partnering with the non-profit Opportunity Finance Network, a national network of 180 community development financial institutions (CDFIs) that orchestrate loans to businesses in low-income communities.
The Coffee shop network gave OCN $5 million at the start of the collaboration, which, when paired with the additional $1 million raised, it claims will create up to $42 million in loans to small businesses.
Starbucks has often been criticized in the past but this new scheme is hoped to raise their profile in an ethical way that will benefit many American communities hard hit by recession.
There is new hope that a vaccine could be prepared in the battle against Malaria which still affects millions of people around the developing world.
Scientists now believe that they understand how the malaria parasite entersred blood cells.
The scientists, who work for the Wellcome Trust Sanger Institute in the UK, identified a red blood cell receptor that acts like a gateway into the cell. When they blocked the malaria protein from interacting with this receptor, the disease could not get in.
If you are visiting a country where malaria is endemic then it is very important you take out travel insurance for over 80s to ensure you are covered for any medical issues that may arise.
“By identifying a single receptor that appears to be essential for parasites to invade human red blood cells, we have also identified an obvious and very exciting focus for vaccine development,” study co-author Dr. Julian Rayner said in statement.
The ‘priced out’ generation will be the main benefit of planning reforms planned to come into effect in the UK. The law will be making it easier for developers to construct new homes which would increase supply and potentially drive down historically high prices.
The main group of people who are against this, driven on by a ‘vested interest’ Daily Telegraph campaign, are the older generation who have benefited from buying at a fraction of todays’ prices and the most rampant house price inflation in history. They are more concerned with conserving the value of their property and less so about the greenbelt for which they use as the main reason to prevent these reforms.
The UK chancellor said new planning laws would help younger people take a step on to the property ladder.
Young and travelling around the world? The ensure you have the best backpacker insurance in case of any medical issues.