Business News Archive - October 01, 2008

By Anonymous NEW YORK -- Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.

Regional airline Flybe has collected a prestigious environmental award. The Exeter-based budget airline picked up the special merit for commitment to the environment award at the Budgie awards during a ceremony on Sunday night at the World Low Cost and Regional Airline Congress in London.

Are evolutionists "terrified" by creationists? In the run-up to Darwin's anniversary year - he was born in 1809, and published his most famous book in 1859 - we can expect a flowering of letters favouring his enormous contribution to science or, as may be, denouncing his theory of natural selection.

Gordon Brown's much-trailed plan to get the less well off out of "fuel poverty" have now been revealed - to snorts of derision. The plan really boils down to Mr Brown ordering the energy companies to provide pounds910 million to insulate people's homes.

Research and Markets (http://www.researchandmarkets.com/research/b014b8/market_competitive) has announced the addition of the "Market Competitive Intensity (MCI): South Australia" report to their offering.

By Laura Latham Five years ago, it was easy to predict where the hot property markets would be - you simply had to keep an eye on new airline routes.

By Paul Snyder La Crosse Municipal Airport officials don't have an expansion plan in mind, but they'll take $379,000 in state and federal money to consider a project anyway. "I don't think there will be anything too soon," said Alderman Jim Bloedorn, who serves on the city's Aviation Board.

By Christian Palmer The Arizona Court of Appeals on Sept. 30 delivered a blow against the regulatory powers of the Arizona Department of Health Services by declaring that a luxury Phoenix tobacco shop and bar is exempt from the statewide smoking ban in public places.

Text of report in English by official Chinese news agency Xinhua (New China News Agency) Yangon, 1 October: Myanmar [Burma] has discovered a new large coal mine in northern part of the country's Shan state and mining of the mineral will start with a local private company soon, the local weekly 7-Day News reported Wednesday [1 October].

Federal regulators have ordered coal producer Consol Energy to idle a Virginia mine. Cecil, Washington County-based Consol said Monday the Mine Safety and Health Administration ordered it to stop production while new concrete seals cure to full strength at its Buchanan Mine near Mavisdale, Va.

Word of the Day
  • To befool; deceive; balk; jilt.
  • An illusion; a trick; a cheat.
The word 'begunk' may come from a nasalised variant of Scots begeck ("to deceive, disappoint"), equivalent to be- +‎ geck.