Emirsyah Reach 'Person of The Year 2010'

Hong Kong - President Director of PT Garuda Indonesia Tbk, Satar was named 'Person of The Year 2010' version of Orient Aviation magazine is the official magazine of the Association of Asia Pacific Airlines (AAPA). Emir considered able to return the Garuda crash of debt bondage that makes the company go public.

The award was handed over directly by the Chief Executive of Orient Aviation, Barry Grind rod at the Island Shangri-la Hotel, Supreme Court Road, Central, Hong Kong on Sunday (15/02/2011). The event was attended by Director General of the International Air Transport Association (IATA), Giovanni Bisignani.

Over the past under the leadership of the previous Emir, Garuda also has won awards from a number of international aviation associations including the World Aviation Agency, Skytrax as the Most Improved Airline In the World in 2010. Garuda also has won awards from the Center for Asia Pacific Aviation (CAPA) as the Top Asian Airlines Service Quality Survey.

Emir expressed optimism in leading four-star airline. In 2013, Emir target Garuda become a 5 star aviation company.
Until now, the airline has five stars that are Singapore Airlines, Etihad, Qatar Airways, King Fisher, Cathay Pacific and Malaysian Airlines.

Stocks that depend on the market. Meanwhile, Giovani states, the development of aviation industry in 2015 are very potential. The prospect that world aviation potential. However, to face the future of the industry, all of which related to the aviation industry must change.

Wall Street Down, Again Penetrating Oil US. $ 100

New York - The index of shares on Wall Street fell for two consecutive days as the crisis in Libya, which make oil prices more transparent level of U.S. $ 100 per barrel.

In trading Wednesday (23/02/2011), the Dow Jones industrial average (DJIA) closed dropped to 107.01 points (0.88%) to the level 12205.78. The broader Standard & Poor's 500 index also fell 8.04 points (0.61%) to a level of 1307.40 and the NASDAQ slumped 33.43 points (1.21%) to a level of 2722.99.

Meanwhile, world crude oil prices for light sweet finally penetrate the level of U.S. $ 100 per barrel, for the first time since October 2008. Oil prices have surged to $ 10 dollars in 2 days.
Oil prices continue to soar because of fears of supply disruptions in Libya, which is now the fourth largest oil producer in North Africa. Conflict in Libya known to the more heated because the government continues to suppress the demonstrators who asked Khadafy down.

Light, sweet crude had surged to 5% through U.S. $ 100 per barrel, before it finally closed up 2.68 dollars to U.S. $ 98.10 per barrel. Brent Oil closed up 4.47 dollars to as low as U.S. $ 111.25.
Stock indices on Wall Street for 2 consecutive days to respond to declining crude oil price hikes due to the crisis in Libya. Shares slump occurred in trading volume are quite thick.

"We already have a solid increase in the stock market for a longer period, and completely without correction. So in the long run, is a good thing for the market to get a little correction," said Wayne Schmidt, chief investment officer of such Investment Gradient quoted by Reuters on Thursday (02/24/2011).

NASDAQ slumped due to slump in technology stocks. Shares of Hewlett-Packard (HP) were recorded slumped 9.6% after cutting its earnings projections in 2011 due to decline in PC demand.
Trading volume was active, i.e., transactions on the New York Stock Exchange reached 10.32 billion shares, above the daily average reaches 7.99 billion.

Protest hit Libya

Unprecedented demonstrations sweeping the Middle East and North Africa spread Wednesday to Libya, where police clashed with anti-government protesters in the coastal city of Benghazi, an independent source told CNN.

Several people were arrested after police confronted the protesters, the source added.
Anti-government sentiment has also manifested itself on the streets of Algeria, Jordan, Syria and Yemen.
In Yemen, Sanaa University students protested Wednesday, calling for an improved curriculum, but the demonstration rapidly morphed into an anti-government stand.
Participants said government supporters outside the university gates hurled rocks, but the situation stayed under control. Activist Abdul Rahman Barman said three anti-government protesters were injured when government supporters attacked them after the demonstration. In nearby Bahrain, thousands of people marched in a peaceful funeral procession for Ali Abdulhadi Mushaima, who was killed when clashes erupted during the funeral for another protester.
Iranian authorities said Jaleh belonged to the pro-government Basij militia and was shot to death by the outlawed People's Mujahedeen of Iran.
International journalists are barred from covering Iran's unrest, but a protester told CNN that police fired tear gas and beat people with batons.
Tunisia lifted its midnight-until-4 a.m. curfew, though a state of emergency remains intact, the state-run Tunis Afrique Presse said.
Weeks of demonstrations forced the ouster of longtime President Zine El Abidine Ben Ali in January.
source : CNN

World Bank said :"Food Price at Dangerous Level"

The World Bank says food prices are at "dangerous levels" and have pushed 44 million more people into poverty since last June.

According to the latest edition of its Food Price Watch, prices rose by 15% in the four months between October 2010 and January this year. Food price inflation is felt disproportionately by the poor, who spend over half their income on food.

The Bank called on this week's G20 meeting to address the problem.
The World Bank's president, Robert Zoellick, said in a statement: "Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world."

He also said that rising food prices were an aggravating factor of the unrest in the Middle East, although not its primary cause.
Rapid food price inflation in 2008 sparked riots in a number of countries. At that time, the World Bank estimated 125 million people were in extreme poverty. 

The World Bank says prices are not quite back at those levels - just 3% below - although they are 27% higher than a year ago.
A separate report earlier this month from the UN's Food and Agricultural Organization (FAO) said that world food prices had hit a record high in January. 

Finance ministers and central bankers from the G20 group of developed and developing nations are meeting later this week in Paris. 

source : bbc.co.uk