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HOW TO LOSE 6.7 BILLION IN A WEEK...AND STILL REMAIN THE WORLD'S WEALTHIEST MAN...

Carlos Slim Lost About $6.7 Billion This Week as S&P 500 Index Fell 7.2%

QBy Crayton Harrison - Aug 5, 2011 1:55 PM PT






Carlos Slim, the world’s richest man, lost about $8 billion this week. Photographer: Fernando Castillo/LatinContent/Getty Images

Carlos Slim, the world’s richest man, lost about $6.7 billion this week.

The Mexican billionaire’s stock portfolio, measured in U.S. dollars, has dropped about 9.5 percent since July 29 and is valued at about $64.4 billion, according to data compiled by Bloomberg. That compares with a 7.2 percent slide in the Standard & Poor’s 500 Index.

Slim, 71, has taken a hit as Mexico’s benchmark IPC index dropped 6.4 percent and the peso slid 2.3 percent against the dollar on concerns that the flagging U.S. economy will hurt demand for assets in its southern neighbor. The removal of three of Slim’s companies from the IPC index has made matters worse for the billionaire.

“He’s been particularly hurt by those companies leaving the IPC,” said Leon Ca…

FIVE IMPORTANT THINGS TO KNOW ABOUT AFRICA: MYTHS DEBUNKED...

Five myths about Africa


Matt Damon, listen up: After five years of covering Africa, our departing correspondent tells how his perceptions have changed about a complex continent, including why some Africans resent celebrity visits.




This file photo shows girls gathering wood in Goma, Democratic Republic of Congo. Monitor staff writer Scott Baldauf recalls his time covering Africa in the August 8 weekly edition of the Christian Science Monitor.

By Scott Baldauf, staff writer / August 6, 2011
Johannesburg, South Africa


Here we were, stuck axle-deep on a muddy road in the eastern part of the Democratic Republic of Congo, after a very impressive midafternoon rainstorm. 
Ten miles behind us was a small village with a deep hole in the ground where the village men would dig up chunks of tin and sell them to traveling salesmen. 
This was the last village under government control before the tin trade fell into the hands of a genocidal rebel group called the Democratic Forces for the Liberation of Rwand…

UNEXPECTED RESULT AS BACTERIA BINGED ON BP OIL SPILL WITHOUT GAINING ANY WEIGHT...

Bacteria binged on BP oil but didn't grow

One suspicion: The spilled crude didn’t provide a balanced diet

By Janet Raloff
Web edition : Friday, August 5th, 2011


DINNER GLOWWhen irradiated with laser light, a sensor inside this bottle fluoresces. The wavelength of that glow gives a measure of oxygen in the surrounding fluid. Scientists pioneered this system to monitor the eating habits of microbes taken from inside and outside last year’s Gulf oil slick.Tom Kleindinst, WHOI

When the Deepwater Horizon accident spewed millions of barrels of oil into the Gulf of Mexico last year, surface bacteria launched into a feeding frenzy, a new study finds. 

But microbes that gobbled up the surface oil did so without increasing their numbers or gaining weight.

Waters in much of the Gulf are fairly mineral poor, at least in terms of what microbes need to flourish, says chemical oceanographer Benjamin Van Mooy of the Woods Hole Oceanographic Institution in Massachusetts. 

He and his team expected that mi…

BOEING UNVEILS FIRST 787-8 DREAMLINER AT SEATTLE FACILITIES...WILL BEGIN SERVICE IN JAPAN IN SEPTEMBER...

Boeing unveils first Dreamliner for delivery to ANA







By Karen Johnson

SEATTLE | Sat Aug 6, 2011 8:05pm EDT

(Reuters) - Boeing Co (BA.N) on Saturday afternoon rolled out the first 787 Dreamliner to be delivered to launch customer All Nippon Airways (9202.T), decked out with the blue and white colors of the Japanese airline.

Boeing presented the plane to ANA executives and crew under clear skies at its Everett factory north of Seattle. The first domestic flights are set to start in Japan in September.

"The plane is being certified to the highest FAA standards," said Scott Fancher, vice president and general manager, 787 program. "But the real focus of the traveling public will likely be on customer satisfaction and the elegance of the flight."

The 787 Dreamliner is a lightweight airplane that promises 20 percent greater fuel efficiency to operators than similarly sized planes. Boeing says as much as 50 percent of the primary structure will be made of composite materials in…

CHAVEZ LEAVES FOR CUBA AND SECOND ROUND OF CHEMOTHERAPY...

"COMMUNIST" CHINA ENJOYS LECTURING "CAPITALIST" USA ON ECONOMIC PRUDENCE...REVERSAL OF FORTUNES ???

China tells U.S. "good old days are over"






By Walter Brandimarte and Melanie Lee

NEW YORK/SHANGHAI | Sat Aug 6, 2011 10:23am EDT

(Reuters) - China bluntly criticized the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.

Standard & Poor's cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation's budget deficits and climbing debt burden.

China -- the United States' biggest creditor -- said Washington only had itself to blame for its plight and called for a new stable global reserve currency.

"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.

After a week which saw $2.5 trillion wiped off global markets, the mov…

INDIA ACTIVELY PURSUING (GI) GEOGRAPHIC INDICATORS FOR MANGO CULTIVARS...DOES THIS MAKE SENSE ???

To date, only two cultivars have been awarded this denomination....



Mango as Geographical Indication





The GI Registry has registered five mango varieties from various parts of the country


1. Appemidi mango (Karnataka) –Application number 132


2. Malihabadi Dussehri - Malihabad is a town and a nagar panchayat in Lucknow district in of Uttar Pradesh. It is the mango belt of North India and is internationally acclaimed for its mangoes. Among different varieties of mangoes grown here, Dussheri is the most popular variety. Application number -125


3. Laxman Bhog (west Bengal) –Application number -111


4. Khirsapati (Himsagar)- (west Bengal )-Application number -112


5. Fazli grown in the district of Malda (West Bengal) - Application number -113


Alphonso mangoes produced in the Konkan belt along the coast of Maharashtra are also in the queue for GI status. The application for it was filed by the Director of Research at the Dr Balasaheb Sawant Konkan Krishi Vidyapeeth at Dapoli in September 2008, and per…

GEOGRAPHIC INDICATORS (GI) TAGS FOR MANGO CULTIVARS DENOMINATE UNIQUENESS ... LONG OVERDUE...OPENS UP DEBATE...

A geographical indication (GI) is a name or sign used on certain products which corresponds to a specific geographical location or origin (e.g. a town, region, or country). 


The use of a GI may act as a certification that the product possesses certain qualities, is made according to traditional methods, or enjoys a certain reputation, due to its geographical origin.










Governments have been protecting trade names and trademarks used in relation to food products identified with a particular region since at least the end of the nineteenth century, using laws against false trade descriptions or passing off, which generally protect against suggestions that a product has a certain origin, quality or association when it does not. 


In such cases, the limitation on competitive freedoms which results from the grant of a monopoly of use over a geographical indication is justified by governments either by consumer protection benefits or by producer protection benefits.

One of the first GI systems is …

GEOGRAPHIC INDICATOR (GI) TAG AWARDED TO GUJARAT'S (INDIA) GIR KESAR MANGO

Gir Kesar Mango earns GI tag, improves prospects of prices and exports



By Anurag More, Mumbai


August 06, 2011


Gujarat's famous Gir Kesar Mango has earned the rare distinction of a GI (Geographical Indicator) tag.



The tag, GI No.185, was received in July 2011. 



Junagadh Agricultural University, Junagadh, in collaboration with Gujarat Agro Industries Corporation Ltd, Ahmedabad, applied on January 8, 2010, for GI registration to the Geographical Indication's Registry in Chennai.

The tag is valid only for 10 years.

 "But it may be renewed from time to time in accordance with the provision of Act 1999, Section S-17," said N C Patel, vice-chancellor, Junagadh Agricultural University.
It will be renewed subsequently.


"The GI tag is likely to help obtain good market prices & improve the scope for export of Gir Kesar Mango of Junagadh and Amreli districts and ultimately improve the socio-economic condition of mango-growers," adds Patel.


GI in relation to agricultural g…