1. United States: SEC vs. Goldman Sachs Fraud Scandal – Today, the Securities and Exchange Commission charged Wall Street’s esteemed firm, Goldman Sachs, with defrauding investors. According to SEC, Goldman did not reveal that one of its clients helped create and then bet against a security that was sold to its investors. This allegation has taken serious hits on Goldman Sachs, as its shares have fallen more than 13 percent by midday trading.
To learn more about the SEC, Goldman Sachs faceoff visit: http://www.forbes.com/feeds/ap/2010/04/16/general-financials-us-sec-goldman-sachs-charged_7521676.html
2. Europe: Volcanic Eruption Strands Travelers – Iceland’s Laki volcano erupted, sending clouds of ash into the atmosphere which heavily impairs air travel. Apparently, the clouds of ash can damage air plane engines and create for very low visibility. Travelers at London’s Heathrow Airport, Paris’s Charles de Gaulle and other airports surrounding Northern and Eastern Europe are now grounded until a date yet to be seen.
For more information on the volcanic eruption visit: http://www.cnn.com/2010/WORLD/europe/04/16/volcano.weather/index.html?npt=NP1
3. Africa: FIFA pleads with South Africans to purchase last 2010 World Cup tickets – 500,000 World Cup tickets have yet to be sold, an amount FIFA begs South Africans will purchase. The tickets are for 63 games, excluding the final and are being sold at a reduced price for South Africans (in order to promote their purchase). However, many are used to buying tickets at the stadium and thus not as keen on the bank or online option.
For more information visit: http://www.cnn.com/2010/SPORT/04/09/football.world.cup.tickets/index.html