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South Korea unveils 11-billion-dollar stimulus package

Seoul - South Korea on Monday announced a 14-trillion-won (11-billion-dollar) stimulus package as it faces its worst economic turmoil since it needed an International Monetary Fund bailout a decade ago.

Public spending is to rise next year by 11 trillion won and the package's remaining 3 trillion won would go to tax benefits, the Finance Ministry said.

Finance Minister Kang Man Soo estimated South Korea's economy would grow only 3 per cent next year because of the global financial crisis but also warned of a further slowdown.

"It will be difficult to achieve the growth if global economic conditions further worsen," he said.

“Obama’s Kashmir statement in ‘full conformity’ with ex-US presidents”

Barack ObamaWashington, Nov 3 : Democratic presidential nominee Barack Obama is toeing the old American line in saying that the US should make efforts to forge better relations between India and Pakistan by resolving the Kashmir problem peacefully and amicably, said Kashmiri-American Council head Dr Ghulam Nabi Fai.

Commenting on Obama’s statement on Kashmir, Fai said that the senator, who is tipped to be the next US president, was in “full conformity” with previous statements made by US leaders and representatives.

Blame your genes for post-natal depression

Blame your genes for post-natal depressionLondon, Nov 3: The most acute form of post-natal depression might be linked to genes, says researchers.

The study led by Cardiff University, Birmingham University and Trinity College, Dublin suggests that the severe version of the condition, known as postpartum psychosis, may have a genetic cause.

The condition affects around one in 500 new mothers, and includes mood disorders.

It is believed that the mood disorders were caused by women''s circumstances, personality and hormonal changes.

McCain trails Obama in battleground states

Barack Obama, John McCainNew York, Nov. 3 (ANI): New surveys in battleground states, including Republican safe havens such as North Carolina, show Democratic candidate Barack Obama either ahead or keeping several places in toss-up status with Republican rival John McCain.

According to the New York Post, Obama has been running ahead of McCain in most polls in Ohio.

The Real Clear Politics average of Ohio polls from October 22 through October 31 show Obama ahead, 48.8 percent to McCain’s 44.6 percent.

Ex-Pak PM says water crisis may lead to Indo-Pak war

Ex-Pak PM says water crisis may lead to Indo-Pak warIslamabad, Nov 3: PML-Q chief and former Pakistan premier Ch. Shujaat Hussain has reportedly said the water crisis (between India and Pakistan) could become “extremely dangerous” unless the ongoing water crisis is resolved under the Indus Water Treaty.

“The issue may become more serious than terrorism and can result in a war between Pakistan and India,” the Daily Times quoted Shujaat as saying in a statement.

He said the Indus Water Treaty of 1962 needed ratification by the governments of India and Pakistan.

Enrique Iglesias’s convinced Kournikova will leave him

Enrique Iglesias, Anna KournikovaWashington, Nov 3 : Spanish pop star Enrique Iglesias seems unaffected by his girlfriend Anna Kournikova''s remarks of never marrying him, as he is convinced she will leave him anyway.

The ‘Hero’ singer says that he is cool with the 27-year-old tennis sensation’s remarks, and insists that he is only being realistic about their romance.

"Life goes by so fast. My 20s were a blur. I want to enjoy the good moments. They could involve marriage and kids, but not yet. My grandfather had a baby when he was 92. Now there was a man who knew how to live!” Contactmusic quoted him, as saying.

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