sábado, 9 de agosto de 2008

China flocks to TV screens to share Olympic pride

In Beijing, locals and visitors brave stifling heat as they crowd parks and other designated viewing areas to see the opening ceremony.
By Ching-Ching Ni, Los Angeles Times Staff Writer August 9, 2008


BEIJING -- They might not have tickets to the Games. They might never set foot in a stadium. But wherever there was a TV screen, big or small, the people of Beijing on Friday gathered and cheered, soaking up this brief moment in the long history of this ancient capital when the Olympic flame illuminated the Chinese sky.Despite suffocating heat and the threat of a summer shower, locals poured into designated parks and viewing areas, grandparents and babies in tow, some waiting hours for a foothold among the standing-room-only crowds of thousands that roared past midnight.

I am so proud to be Chinese tonight," said Ju Ke, a 19-year-old animation student who got a front-row seat on the grass of Ditan Park before two giant monitors.
As the spectacular opening ceremony began and a little girl in a red dress sang a popular tune on the screen in praise of the motherland, tears welled up in Ju's eyes.
"China has made so much progress in recent years," she said. "Chinese culture is so amazing. The Olympics are so hard-earned."

All the years of waiting and sacrifice seemed worth it when the Games finally began at eight minutes past 8:00 on the eighth day of the eight month in the eighth year past the second millennium, a moment seen as auspicious by the Chinese.
"This is such a huge deal for Chinese people," said Li Shengli, 78, a white-haired grandfather and retired electrician who had passed out eight times in the heat since showing up at the park after lunch to get a spot where he could sit. "I don't know if I can live long enough to see the next Olympics. So I had to be here, to participate, to show I care."
"Look at the spirit of these people. Isn't it exciting!" said Liu Jianhua, 57, a neighbor of Li, as young people around him with red flags painted on their cheeks chanted in unison, "Go, China, go!"
Bus driver Liu Fengyun and his wife, Yang Guixin, traveled by train here 10 days ago from a small town in northeastern Liaoning province. Even though they could not afford tickets to the competitions, they had to be in Beijing to be as close as they could, to bear witness.
"We were both born in 1949," said Liu, referring to the year the communists took power. "We are the same age as China."
The Chinese have "probably been preparing for this day since Deng Xiaoping opened up China to the world," said Nicholas Martelli, a Chinese-language student from Italy who also had waited hours to see the show on the big screen, along with a group of spectators from Spain.
Just outside Ditan Park, a barbecue restaurant was packed with folks who didn't want to watch the festivities at home or feel left out.
"I've been told to stay away from the Bird's Nest because we are not locals and we have no tickets," said He Daifu, 37, a migrant worker who sometimes helps tear down old buildings to make way for new construction projects like the ultramodern Bird's Nest, formally called the National Stadium.
Li said as he shared a beer and roast lamb with a buddy: "I am a peasant by birth. These Games are not for people like me. Good thing there are TVs.
"Outside the park, the streets of Beijing were eerily empty. The government gave people the day off to reduce congestion. Some major thoroughfares were blocked to traffic unrelated to the Games.
Zhang Bin lives in a historic neighborhood in the shadow of the Confucius Temple where many people still reside in crowded courtyards without indoor plumbing. He had wanted to buy fresh fish to cook Friday night for his family as they watched the festivities on TV. But his corner vendor no longer had fresh produce or meat because the delivery trucks, like other old, smog-spewing vehicles, were being denied full access to the roads as officials sought to clean the air for the Games.
But his 60-year-old father, Zhang Ziyan, didn't think their small troubles were worthy of complaint.
"This is a once-in-a-lifetime event," he said. "We need the Olympics to be a success. We want everybody in the world to feel our happiness."

Fannie Mae unveils loss of $2.3bn

news.bbc.co.uk
Friday, 8 August 2008
Problems in the US housing market have pushed mortgage finance company Fannie Mae into the red.

The group sank to a net loss of $2.3bn in the three months to 30 June, against a profit of $1.97bn last year.
It comes days after its sister company Freddie Mac posted worse-than-expected results and its top executive warned house price falls are not over yet.
Both government sponsored firms own, or guarantee, nearly half of the nation's mortgage debt.
Shares in Fannie Mae sank in the wake of the announcement, falling 9.8% to $8.98.
Difficult market

As mortgage guarantors, Fannie Mae and Freddie Mac, must pay out when people default on their loans.
But as a result of recent woes in the US housing market and subsequent sub-prime crisis the pair have run into severe difficulty
Fannie Mae said that the current housing crisis had added to its woes to the tune of $5.3bn in credit expenses.
The latest losses at the firm - which came in at more than three times analysts' estimates - followed a $2.2bn loss for the first three months of the year.
"Our second-quarter results reflect challenging conditions in the housing and mortgage markets that began in 2006 and have deepened through 2007 and 2008," said Daniel H Mudd, president and chief executive officer of Fannie Mae.

Cost cutting

He added that the firm had also taken steps to raise an additional $7bn to help it tackle the "most difficult US housing market in more than 70 years".
As part of the plan Fannie Mae is slashing its dividend by more than 85% to 0.05 cents, raising its fees and has taken steps to cut its costs by 10%.
The group also said it would stop purchasing 'Alt-A' loans - loans made to borrowers with good credit but little proof of their income, or people who either put down a small deposit, or no deposit, for their loan.
But there was little to offer hope in near-term future with Fannie Mae warning that increased volatility in capital markets and deteriorating credit conditions meant that it would face more losses.

Bail-out

Last month, the federal government offered a financial lifeline to the two beleaguered companies offering to extend their line of credit.
However, the financial aid may leave the taxpayer facing a bill of $25bn over the next two years.
"The taxpayer is stuck if they have to be bailed out," John Raines, deputy director of political risk for Exclusive Analysis told the BBC.
He added that reports had suggested the actual cost could end up being anywhere in the region of between $10bn to $100bn.
"Right now, Fannie Mae says it has the capital to weather the storm, but its looking more and more stormy by the day."

Clinton campaigns for Obama cause

Friday, 8 August 2008
news.bbc.co.uk

Hillary Clinton has made her first solo campaign appearance backing Democratic presidential hopeful Barack Obama.

Mrs Clinton - who lost a hard-fought campaign to Mr Obama - told a Nevada crowd she wanted him to win.
The New York senator urged them to "remember who we were fighting in my campaign" and vote against Republican John McCain.
In June, Mrs Clinton conceded that Mr Obama had beaten her and appeared with him at a rally to endorse him.
"Anyone who voted for me or caucused for me has so much more in common with Senator Obama than Senator McCain," she said in Henderson, Nevada on Friday.
Grace and grit
Although she has already endorsed the Illinois senator in his run for the presidency, the speech was Mrs Clinton's first appearance backing him in public since they appeared on the stage together at a June rally. We may have started on two separate paths, but we are on one journey now," she said of her former rival.
The long primary campaign had shown "his passion, his determination, his grace and his grit", Mrs Clinton added.
Her husband, Bill Clinton, had talked down Mr Obama's strengths during the primary season.
But the Democratic party has announced the former president will speak at the party's national convention in Denver later this month.
High turnout needed
Friday's crowd cheered heartily at intervals throughout the speech as Mrs Clinton highlighted the differences between Mr Obama and Mr McCain on such issues as Supreme Court nominations and health care reform.
She warned the Democrats would need a high voter turnout to win in November.
"Senator Obama needs all of us, he needs us working for him," said Mrs Clinton.
Both Democratic and Republican hopefuls focussed comments on Friday towards resolving the mounting political crisis in Georgia.
Mr McCain, campaigning in Iowa, urged the US to convene an emergency session of the UN Security Council to resolve the conflict between Moscow and Tbilisi over South Ossetia.
Mr Obama, en-route to a holiday in Hawaii, said it was important for the US to work with the international community to bring about a peaceful resolution.

Russia to 'force S Ossetia peace'

Saturday, 9 August 2008
news.bbc.co.uk

Russia says it is sending extra troops to the Georgian separatist region of South Ossetia after another night of fierce fighting with Georgian forces.
President Dmitry Medvedev said his country had begun an operation "to force the Georgian side to peace".
Russian media say fighting continued around the South Ossetian capital Tskhinvali during the night, although not at the same intensity as on Friday.
Earlier, Georgia said Russian warplanes had bombed the Black Sea city of Poti.
The Georgian foreign ministry told the AFP news agency that the port, which is the site of a major oil shipment facility, had been "devastated".
The BBC's James Rogers in Moscow says diplomatic initiatives have so far proved fruitless.
On Friday evening, the UN Security Council failed to agree on the wording of a statement calling for a ceasefire.
Russia holds a permanent place on the Council, and has the power of veto over any official statements that it regards as unfair or inaccurate.
Permanent members Britain, the US and France, are pinpointing what they say is Russia's aggression as the key factor in the slide towards war, while Moscow insists Georgia is to blame.
After days of exchanging heavy fire with the Russian-backed separatists, Georgian forces moved on Thursday night to regain control of the region, which has had de facto independence since a war against Georgia that ended in 1992.
In response, Moscow sent armoured units across the border. Russia says 15 of its soldiers are dead, and separatists estimate that 1,400 civilians have died.
Georgian President Mikhail Saakashvili said 30 Georgians had been killed in two days of fighting.
'Protecting the population'

At a meeting on Saturday morning in the Kremlin with Defence Minister Anatoliy Serdyukov and the head of the Russian Armed Forces, President Medvedev said Russia's military aim was to force the Georgians to stop fighting.
"Our peacekeepers and the units attached to them are currently carrying out an operation to force the Georgian side to [agree to] peace," he said.
"They also bear the responsibility for protecting the population."
At the same time, a spokesman for Russian ground forces said reinforcements were being sent to South Ossetia to support peacekeepers already deployed there.
Earlier, the South Ossetian government said Georgian forces launched the latest in a series of artillery attacks on Tskhinvali early on Saturday.
Russian forces said they had fought back, and fierce clashes were reported by Russian news agencies overnight.
Georgia meanwhile said that Russia had launched air strikes on targets inside its territory, in what it described as "a full-scale military invasion".
An interior ministry spokesman said one of the attacks took place near the Baku-Tbilisi-Ceyhan pipeline, which supplies Caspian oil to the West.
The authorities also told the BBC they were expecting a Russian attack on the capital, Tbilisi, and that some government offices in the city had been evacuated as a precaution.
Georgian President Saakashvili said Russia was at war with his country.

'Ethnic cleansing'

On Friday, the Russian government said it had to act to defend South Ossetia's civilians, most of whom have been given Russian citizenship.
It also voiced anger over the reported fatalities of Russian servicemen in the breakaway province, vowing not to allow their deaths to go unpunished.
Tskhinvali, where inhabitants are said to be sheltering in basements without electricity or phone lines, is reported to be devastated.
International Red Cross spokeswoman Anna Nelson said it had received reports that hospitals in Tskhinvali were "overflowing" with casualties.
In other developments:
US Secretary of State Condoleezza Rice called on Russia to pull its troops out of Georgia and respect its territorial integrity
Georgia's president said his country was withdrawing half its contingent of 2,000 troops from Iraq to help deal with the crisis
Russia said it would cut all air links with Georgia from midnight on Friday
The European security organisation, the OSCE, warned that the fighting in South Ossetia could escalate into a full-scale war
The US and the EU were reported to be sending a joint delegation to the region to seek a ceasefire and Nato said it was seriously concerned.