Download as pdf or txt
Download as pdf or txt
You are on page 1of 1

6 theSun | WEDNESDAY MARCH 18 2009

news without borders

No danger to More bad news for US papers


ISS from WASHINGTON: US newspapers are in a
state “perilously close to free fall” and time
The Pew report found that US weekly
news magazines and daily newspapers are
convert their growing audience online into
sufficient revenue to sustain the industry
space junk: Nasa is running short for them to find a business
model and reinvent themselves, according
particularly troubled. “The newspaper in-
dustry exited a harrowing 2008 and entered
before their shrinking revenues from print
fall too far?”
WASHINGTON: A piece of space junk from a Soviet satellite to a study released on Monday. 2009 in something perilously close to free The Pew report said two developments
does not pose a threat to the International Space Station or The Pew Research Center’s Project for fall,” its authors said. converged in the last year to “shorten the
the Discovery shuttle as it races through space to dock with Excellence in Journalism said its 2009 report Nevertheless, they said, “we still do not time that journalism has left to reinvent
it, Nasa said on Monday. on the State of the News Media was the subscribe to the theory that the death of the its business model and secure its financial
“We will not need to perform the debris avoidance “bleakest” it has issued since it began doing industry is imminent,” noting the industry future.“First, the audience migration to the
manoeuver,” mission control in Houston told the seven- the annual studies six years ago. overall “in 2008 remained profitable.” Web accelerated substantially in 2008 ... but
member crew on board the space shuttle, after tracking The report examined newspapers, online “But the deep recession already threatens online ad revenue flattened, and in news-
the debris for hours. media, network, cable and local television the weakest papers,” they warned. “Nearly all papers it declined. Second, the recession
Hours after Discovery’s launch on Sunday, Nasa said news as well as news magazines, radio and are now cutting so deeply and rapidly that hammered advertising and diverted attention
it was tracking a 10-centimeter piece of debris believed the ethnic press. simply coping with the economic downturn away from innovating new revenue sources,”
to be from the Soviet-era Kosmos 1275 satellite, which As the study was released, Hearst Corp., has become a major distraction from efforts the report said.
disintegrated shortly after it was launched in 1981. publisher of the Seattle Post-Intelligencer, to reinvent the economics of the business. “The result of the changes of 2008,” the
Initial projections put the object on a trajectory that announced it was ending the print edition of “If the industry is not dying, the pertinent study said, “is an industry diminished, with
would take it to within three-quarters of a kilometer of the the 146-year-old newspaper yesterday and question may be can newspapers beat the less time and resources to finance the transi-
International Space Station, causing teams in Houston and going online only. clock?” they asked. “Can they find a way to tion. – AFP
Moscow to prepare a plan to move the ISS from its orbit if
necessary.

Obama calls AIG


ing division have forced the US
government to pump some US$150
billion (RM555 billion) into the crip-
pled American International Group.
On March 2, it unveiled another
emergency injection of US$30 billion
(RM111 billion).

bonuses an ‘outrage’
He called for “some form of reso-
lution mechanism in dealing with
troubled financial institutions, so we
have greater authority to protect the
American taxpayer and our financial
system in cases such as this.”
“We will work with Con-
Japan WASHINGTON: US President gress to that end.”
Aerospace Barack Obama on Monday said The president, conscious
Exploration multi-million-dollar bonuses of the potential for a public
Agency planned for executives and traders backlash as his administration
astronaut at bailed-out insurance giant AIG readies new support for the
But Nasa called off the “debris avoidance manoeuvred” Koichi were an “outrage” and vowed to banking industry, added that
after new information showed that the rubble was outside Wakata (left) pursue a clampdown. the controversy at AIG “isn’t
the ISS’s danger zone. is seen after “This is a corporation that finds just a matter of dollars and
The space junk threat was the second in as many weeks launch, on itself in financial distress due to cents.”
to threaten the ISS. the mid-deck recklessness and greed,” he said “It’s about our fundamental
Last week, the space station’s three-member crew had of the Space in prepared remarks at the White values,” he said.
to temporarily evacuate the space station and seek shelter Shuttle House. “All across the country,
in a Soyuz capsule when a small piece of debris passed Discovery, “Under these circumstances, it’s there are people who work
about 4.5 kilometers from the ISS. with Richard hard to understand how deriva- hard and meet their responsi-
A debris avoidance manoeuvre could not be undertaken Arnold tive traders at AIG warranted any bilities every day, without the
last week because the Discovery shuttle was scheduled to (centre) and bonuses, much less US$165 million benefit of government bailouts
launch on Sunday, and the ISS had to maintain its altitude, John Phillips (RM610.5 million) in extra pay,” or multi-million-dollar bo-
Nasa officials told AFP. (right) in this Obama said, after details of the pay- nuses.
Cain, head of the mission management team, told a image from outs emerged over the weekend. “And all they ask is that
news conference on Monday that while Nasa was “con- Nasa TV. “How do they justify this outrage everyone, from Main Street
stantly mindful” of space rubble, having “one or two or three to the taxpayers who are keeping to Wall Street to Washington,
in short period of time is not anything significant.” the company afloat?” play by the same rules. That is
Asked if the piece of rubble might pose a threat to the On Sunday, administration offi- an ethic we must demand.”
shuttle when it reaches the same orbit as the ISS, Cain said: cials said there was little that Treas- Meanwhile, Mexico
“There is an ongoing assessment, in terms of these kinds of ury Secretary Timothy Geithner slapped tariffs on 90 American
debris issues ... But between now and docking, I don’t think could do legally to stop the bonuses, agricultural and manufactured
it will become an issue.” – AFP because they were promised under exports on Monday in retalia-
AIG employment contracts before tion for Washington’s move
the insurer was bailed to block Mexican trucks from
out. using US highways.
But Obama, said: “I’ve asked Secretary Geithner Mexican Economy Minister
noting the to use that leverage and pursue every Gerardo Ruiz said about US$2.4 bil-
substantial legal avenue to block these bonuses lion (RM8.8 billion) worth of exports
government and make the American taxpayers from 40 US states will be affected and
support ex- whole.” that his government will soon publish
tended to AIG, Massive losses at a London trad- a list of them.
Last week, the US Congress can-
celled funding for a test programme
Obama speaks to a group of small business begun by the Bush administration
owners and community bankers, including that allowed Mexican trucks to circu-
Cynthia Blankenship (right), co-founder of late in the US in compliance with the
Bank of the West in Grapevine, Texas in North American Free Trade Agree-
the White House. ment. – Agencies

before she disappeared on Sunday tion for service of documents,” she


afternoon. Heavily armed police discov- said. Buckett was commenting after

briefs ered human remains, believed to be the


schoolgirl’s on Monday but there was no
trace of the killer crocodile. – AFP
Associate Judge David Gendall ap-
proved serving court papers through
Facebook at a hearing Monday in the
Australian rangers hunt Wellington High Court. – dpa
killer croc NZ judge gives legal nod
LAMBELLS LAGOON (Australia): to Facebook Strong quake strikes
Australian rangers yesterday combed WELLINGTON: A New Zealand judge islands off Indonesia
waterways for a crocodile believed to has “opened the legal floodgates” JAKARTA: An earthquake measuring 6.4
have attacked an 11-year-old girl, as by approving the use of the social- on the Richter scale struck on Monday
DNA testing was carried out on human networking website Facebook to evening off the northern tip of Indone-
remains found after she vanished. serve court papers, according to a sia’s Sulawesi island, but there were no
Briony Goodsell was thought to have Wellington lawyer quoted yesterday. immediate reports of injury and damage,
been taken by a saltwater croc while “Who would have thought Face- officials said.
swimming in the Black Jungle Swamp, book would become part of the legal The quake at a depth of 35km near
near the northern city of Darwin, with her process?” Barbara Buckett told the the Talaud islands occurred at 9:16 pm
seven-year-old sister and two friends. Dominion Post. (11.16pm in Malaysia), the Indonesian
Witnesses said they saw a crocodile’s “It took a long time for the courts Meteorology and Geophysics Agency
tail slap the water near the girl seconds to even look at faxes as a substitu- said. – dpa

You might also like