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US stocks surge on central bank's bold actions

US stocks surge on central bank's bold actionsNew York  - US stocks rallied Wednesday, posting their sixth gain in seven days after the Federal Reserve announced a new series of aggressive moves to shore up the US financial sector.

The Fed said it would buy 300 billion dollars in long-term government bonds, an unprecedented effort to help drive investors back into the private sector, and will purchase another 750 billion dollars in troubled mortgage-backed securities at the heart of the financial crisis.

UN urges countries to sign convention on cluster bombs

UN urges countries to sign convention on cluster bombs New York  - The United Nations on Wednesday called on governments to sign and ratify the Convention on Cluster Munitions, which will ban the use, production, transfer and stockpiling of cluster bombs.

Since its adoption in Dublin in May 2008, the convention has been signed by 95 countries and ratified by four - the Holy See, Ireland, Sierra Leone and Norway.

Conflict remains endemic in most of Africa, UN says

Conflict remains endemic in most of Africa, UN says New York - The UN Security Council discussed Wednesday ways to improve cooperation with the African Union after a study showed that peace still does not exist in many parts of Africa despite the deployment of largescale UN peacekeeping operations.

"From the Horn to the Great Lakes to West Africa, conflict is endemic," said the study by a six-member panel headed by former Italian Prime Minister and European Union statesman Romano Prodi.

Richardson's family gathers for final vigil

Richardson's family gathers for final vigil New York - The family of Natasha Richardson gathered at her hospital bedside Wednesday for a final, tragic vigil after the British born actress, 45, was critically injured in a Canadian skiing accident.

Richardson's family has declined to comment on her condition as speculation swirled as to the extent of her injuries.

But numerous outlets reported that she was brain dead and that her family was facing the agonizing decision to take her off life support.

People magazine quoted a family friend as saying that Richardson had "no chance."

UN: Piracy trebled in 2008, 30 million dollars in ransom paid

UN: Piracy trebled in 2008, 30 million dollars in ransom paid New York  - Acts of piracy and armed robbery at sea trebled in 2008 with the pirates taking an estimated 30 million dollars in ransom, the United Nations said Wednesday in an updated report on shipping lanes between the Suez Canal and Indian Ocean.

The International Maritime Bureau recorded 293 acts of piracy in 2008, 111 of which took place off the Somali coast, for a total increase of 200 per cent last year in the Suez Canal-Indian Ocean corridor alone.

Boob-job biz going bust in Big Apple due to recession

New York, Mar 18 (ANI): Cosmetic surgery industry in New York is getting nipped and tucked by the declining economy, show figures.

"We''ve had a dropoff just because of the economic environment," The New York Daily News quoted Manhattan cosmetic surgeon Lawrence Milgrim, as saying.

"Some of the larger procedures have dropped off more than some of the smaller procedures. I think today the gestalt is, ''Don''t change me, just make me look better than I am now,''" he added.

According to a study, cosmetic surgical procedures have dipped 15 percent in the past year, and nonsurgical procedures are down 12 percent.

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