Global stocks rise, oil falls as Mubarak resigns

NEW YORK | Fri Feb 11, 2011 11:40am EST

NEW YORK (Reuters) - World stocks rallied and oil prices fell on Friday after Egyptian President Hosni Mubarak stepped down, bowing to escalating pressure from the military and protesters.
Prices of gold and U.S. Treasury bonds partly erased early gains as Mubarak's departure partially revived investors' appetite for risk. The U.S. dollar briefly pared gains, but remained strong against a basket of major currencies.
"It looks like the stock market is taking the news well," said Gary Thayer, chief macro strategist with Wells Fargo in St. Louis.
"One thing that has weighed on investor sentiment is that the price of oil would go up in the case of political turmoil, and Mubarak's leaving reduces that possibility."
Key U.S. stock indexes opened lower on concerns about the continuous unrest in Egypt, a longtime U.S. ally in the Middle East. On Thursday, Mubarak disappointed protesters and investors by holding on to power.
Equities rose later as news of his resignation was announced by the Egyptian vice president on television.
The Dow Jones industrial average .DJI was up 15.67 points, or 0.13 percent, at 12,244.96, while the Standard & Poor's 500 Index .SPX gained 3.39 points, or 0.26 percent, to 1,325.26. The Nasdaq Composite Index .IXIC added 5.29 points, or 0.19 percent, at 2,795.74.
In Europe, the FTSEurofirst 300 .FTEU3 index of top shares gained 0.5 percent. MSCI's benchmark All-Country World Index .MIWD00000PUS rose 0.18 percent.
U.S. crude oil prices fell 30 cents, or 0.35 percent, to $86.43 per barrel, while spot gold prices erased part of its gains, but were still up 0.19 percent at $1,364.00.
U.S. Treasury prices also shed some gains, but the benchmark 10-year notes were still up 22/32 in price, with the yield at 3.6194 percen

Coyote Attacks ascending

Coyote attacks are becoming more and more frequent in London and surrounding areas.

http://www.lfpress.com/news/london/2011/02/11/17237526.html

Kenny lecture today Friday Feb 11 at 12:30 pm

The Hon. Jason Kenney, Minister of Citizenship and Immigration, will speak on "Dialogue with the Courts: Judicial Actions and Integrity of Canada's Immigration and Refugee System" as part of Western Law's Distinguished Speaker Series.

This public lecture takes place on Friday, February 11 at 12:30pm in the Faculty of Law's Moot Court Room.

Kenney was first elected to the House of Commons in 1997 as a conservative Member of Parliament representing the riding of Calgary Southeast. He was appointed Minister of Citizenship, Immigration and Multiculturalism on October 30, 2008.

A former Chair of the House of Commons Subcommittee on International Human Rights, he served in a variety of positions in Opposition, including Finance Critic and Deputy House Leader. Prior to seeking election, Kenney served as President and Chief Executive Officer of the Canadian Taxpayers Federation.

 

LEDC receives top honours

The London Economic Development Corporation (LEDC) took top honours at The Ontario Economic Development awards last week. The awards were held last Thursday at the Toronto Marriot Eaton Centre hotel. The LEDC was recognized for their “GTA: Good Move London” campaign and for their partnership and investment with the Advanced Manufacturing Green Technology Park.

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And yet another opportunity to be a part of local filmmaking. Extras are needed for a video news clip for the upcoming “Abu Sultan Family” play, which will be performed at Banting high school. The group is looking for lots of people to film a “mob scene” for the play. Anyone who is interested is asked to meet in front of the UCC at Western on Saturday February 12 at noon.

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Plant staff at McAshphalt in Port Stanley expect the hardened “blob,” that spilled from the plant last December, will be gone by the end of the month. In December, a storage tank ruptured and spilled about $1 million worth of hot liquid around the premises. Some residents have complained about the accident and say about 14 local cats have gone missing, and are believed to have been claimed by the asphalt.

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If you’ve ever wanted a “Big Brother” view of London, then check out London webcams. The site has constant video feed of Dundas and Wellington, Dundas and Clarence, Hyde Park and Oxford and conditions at Boler Mountain. Check weather conditions and traffic updates every 10, 30 or 60 seconds.
Now you can be a part of the joys of London traffic in the comfort of your own home.

Current weather for London Ontario

-16^°C 3^°F

Feels like: -19^°C

Feels like: -2^°F

Light Snow

Visibility: 24.1 Km
Sunrise: 7:29 AM
Sunset: 5:50 PM

Wind: SSW 4 km/h
Humidity: 62%
Pressure: 101.8 kPa

UWO offers help

 surplus of pandemic supplies at the university is going to help First Nations communities across the province.

With more hand sanitizer, gloves, and masks then it could use by the expiry date in May 2012, the University of Western Ontario donated six trailer loads of medical supplies to nine First Nation policing stations, which will distribute the supplies to nearly 90 communities throughout Ontario.
"We know we're not going to use this by 2012," said Elgin Austen , director of UWO's campus police. "So, consequently, we thought what could we do with this that would be good for the community?"
John Carson, a retired OPP officer now working as safe campus co-ordinator, suggested connecting with the First Nation's bureau of the OPP.
"The response was very positive, so here we are putting it together and (the supplies) will be put to very good use," Carson said.
Volunteers endured a bitter cold January day, with temperatures falling to -11 C, to help load cardboard boxes full of pandemic supplies into a trailer at Alumni Hall. The boxes were carefully stacked, ensuring every inch of space was utilized. The supplies, which weighed 4,309 kilograms, would be going as far north as Hudson Bay.

Joe Fontana on new 401 project

“We need a long-term strategy, but we also need a medium-term, and short-term, too,” he said. “These lands may move quickly.”