Custom Search
sodere

How do you determine the best stock/share to buy?

When you buy a stock, you’re acquiring a piece of the company, so profitability is an important consideration. Imagine buying a store. Before deciding how much to spend, you want to know how much money that store makes. If it makes a lot, you’ll have to pay more to acquire it.

Comparing Maradona vs. Messi is just laughable

Maradona Messi PIUpdated Nov 4, 2010 5:18 PM ET
John Tilghman

In the wake of Diego Maradona's 50th birthday on Saturday, numerous people have come out to discuss "El Diez" and what he meant to football.
One man, Xavi Hernandez, decided to make the ludicrous claim that Lionel Messi was in fact better than Maradona.

Liverpool vs Chelsea 11/07/2010


Ethiopian Gebre Gebremariam wins New York City Marathon

Gebre Gebremariam crossed the finish line to win the men’s race of the New York City Marathon, his first victory in his first marathon.When world record holder Haile Gebrselassie dropped out of the New York City Marathon just more than halfway through, it opened the door for a different man from Ethiopia to grab the stage and Gebre Gebremariam took advantage. 

Charges dropped against the five men who were accused of beating Ethiopian Ali Mohammed to death

A pedestrian walks past DC9 nightclub near Ninth and U streets.
By Maria Glod and Mary Pat Flaherty
Washington Post Staff Writers
Friday, November 5, 2010; 10:56 PM

District prosecutors dropped charges Friday against the five men who were accused of beating a man who died outside the popular DC9 nightclub last month, saying evidence did not support the case.

Ethiopia ranked 1st in Africa and 11th worldwide for improving human development since 1970

Human Development Index (HDI). A composite measure of achievements
in three basic dimensions of human development—a long and healthy life, access to knowledge and a decent standard of living. For ease of comparability the average value of achievements in these three dimensions is put on a scale of 0 to 1, where greater is better, and these indicators are aggregated using geometric means.

Ethiopia to build the largest wind farm in Africa within 30 months

ADDIS ABABA (AFP) — Ethiopia on Thursday signed a 220-million-euro (300 million dollar) deal with a French company for the construction of Africa's largest wind farm.
The contract was inked by representatives of the Ethiopian Electric Power Corporation (EEPC) and French wind turbine manufacturer Vergnet.

The World Bank-managed fund allotted $51.5 million to Ethiopia

The Global Agriculture and Food Security Program (GAFSP) has awarded a second round of grants worth $97 million to Ethiopia, Mongolia and Niger for projects aimed at fighting hunger and poverty, the U.S. Treasury Department said on Thursday, Agence France-Presse reports.

Top 20 Ethiopian Facebook Groups




Rank
Group Name
Members
20
Ethio Wetat Lijoch Club
2260
19
Ethiopian fashion week
2302
18
Ethiopian Orthodox Tewahedo- the christian beginning
2380
17
Mission Ethiopia
2399
16
1 Million Strong Ethiopians by 2100. It was by 2010

What are Personal Unmanned Aerial Vehicles or Drones ?




You might have heard the news that the US uses Drones to attach the Taliban in the mountainous areas between Afghanistan and Pakistan. The following video and article describes the use of Drones for personal use such as spying on your child :)


By SIOBHAN GORMAN
Brangelina beware. The paparazzi of Splash News are coming for you and you'll never see them coming.

Ethiopians abroad are sending $3.2 Billion to their families


Ethiopia receive USD 3.2 bln in remittances, says World Bank
By Binyam Tamene       

NBE calls figures “exaggerated”
The World Bank challenges the National Bank of Ethiopia’s figures of remittance inflow as its study indicates the country is getting at least 3.2 billion dollars yearly.

Ford enters into Ethiopia's Car Market


By Binyam Tamene

Ries Engineering Share Company has joined the “ever increasing automobile business”. The company has come to an agreement with Ford Motors and will be its sole representative in Ethiopia.

"Why should I retire? Why should I say I will retire in three or four years? You retire the very moment you utter those words," Haile Gebrselassie


ADDIS ABABA, Ethiopia — Haile Gebrselassie is headed to New York City and, like always, he's planning to win.
The 37-year-old Ethiopian — widely considered the greatest distance runner ever — has set a host of world records, won two Olympics golds and captured eight world titles in events ranging from the 1,500 meters right up to the marathon.

BBC apologizes over a report that said cash raised by charities to help Ethiopia had been diverted by rebels.

BBC apologizes over Band Aid money reports
The BBC has apologised over reports claiming millions of pounds raised by Band Aid was used to buy arms.
In March, World Service's Assignment said cash raised by charities to help Ethiopia had been diverted by rebels.
The BBC has admitted that Assignment gave the impression that Band Aid and Live Aid money had been diverted despite no evidence to back that up.

Ethiopian Commodity Exchange (ECX) traded 6.7 billion worth of commodities

  
By Muluken Yewondwossen  
ECX trades 6.7 billion birr worth commodities

Traders transacted about 6.7 billion birr worth of commodities under the Ethiopian Commodity Exchange (ECX) trading system in the past budget year. The main trading product has been coffee (220,000 tons). The rest of the trading volume was sesame, maize and wheat.
It’s the second successful budget year since the ECX, a modern electronic grain trading facility, first introduced its trading system early 2008. About 2.7 billion birr worth of commodities has been traded on the ECX floor in the first year. This year’s result is an increment of 148 percent, says Dr. Eleni Zaude Gebre Medhin, CEO of ECX.

TOP 10 Ethiopia export destinations, commodities and every bit information about Ethiopia's Exports

            
Exports by Country (FY 2009/10)
Rank
Country of Destination
USD Value
Percentage share
1
SWITZERLAND
224,183,442
11.2
2
CHINA, MAINLAND
215,877,203
10.8
3
GERMANY
196,192,009
9.8
4
SOMALIA
172,216,164
8.6
5
NETHERLANDS
159,478,734
8.0

December is one of the most popular months to break up according to data pulled from Facebook.

chart of the day, facebook status updates, 2010

If you're in a bumpy relationship, there's a pretty good chance it's going to end in the next month. According to data pulled from Facebook, December is one of the most popular months to break up.

Ethiopian Airlines Ambitious Plan: Grow Revenue Sixfold to $10 Billion In 15 Years


By Jens Flottau, Darren Shannon


Addis Ababa, Ethiopia

Ethiopian Airlines has ambitious plans to grow sixfold in the next 15 years and create new subsidiaries in other parts of Africa, together with Star Alliance members South African Airways and Egyptair.


Positive and Negative effects of Devaluation of Birr

Devaluation of the Birr: A layman’s guide
Prof. Seid Hassan – Murray State University–

Devaluation is associated with fixed or pegged exchange rates systems whose value is not being determined by the normal (free) mechanics of supply and demand.  In general, devaluation reflects the existence of serious macroeconomic problems (imbalances) and also reflects weaknesses of the government which is devaluing its currency.

Liya Kebede to act along with Antonio Banderas on $55 million epic adventure Black Gold

LONDON –Tarak Ben Ammar's Quinta Communications and the Doha Film Institute (DFI) have inked a deal to co-produce Jean-Jacques Annaud's $55 million budgeted Black Gold. Ben Ammar's banner has pacted with the DFI to co-produce the Antonio Banderas, Tahar Rahim, Mark Strong, Freida Pinto, Riz Ahmed and Liya Kebede starrer.

Ethiopia: Ban on distance education lifted

By Binyam Tamene   
Ban on distance education lifted
The Federal Ministry of Education has lifted its ban on distance education, after a one-and-half month long negotiation with private institutions ended last week in agreement.
At the end of the last academic year, the Ministry scrapped all distance education programs of both private and public institutions in the country due to quality concerns.
This was made through a directive issued on August 26, 2010 and sent by the Higher Education Relevance and Quality Agency to industry stakeholders, including 64 private institutions.
Following that, the private institutions, led by Ethiopian Private Higher Education Institutions Association (EPHEIA), were engaged in various negotiations with the education minister “to clear the gray areas” and come to an understanding.
The two parties came to an agreement last Friday that lifted the banning of off-campus education and expansion of education programs along with opening new campuses by private institutions.
The agreement, however, was made under a condition of the private universities and colleges implementing government policy that forces them to outline their curriculum based on a strict 70 to 30 ratio between natural sciences and technology versus social sciences and humanity studies.
Based on the agreement, the private institutions will have a two year period after which they would be expected to fully implement the new curricula. According to Nega Namaga of EPHEIA, the agreement further entails a periodical scrutiny by the ministry before the private institutions graduate their students.
“It’s a fruit of a long negotiation and we are happy with the move the ministry made,” said Nega.
Based on the agreement, the ministry will lift its sanction of any regular new program, increment of student’s enrolment capacity, setting up new institutions, or even opening new branches for private institutions.
Concerning those institutions that have been offering postgraduate studies after entering a special contract with the government, they shall continue to do so under close periodic scrutiny and evaluation. It is only when it gets approved by the concerned authorities that they can admit new students.
Training of teachers and health workers, however, remains to be given solely to public institutions as the ministry still doubts the capability of private educational institutions.
Nega also pointed out that the Association will acquire its own Quality Assurance body in the future. “We are going to scrutinize ourselves and improve the service given by members of the association, but for that to happen, the government should support our endeavor,” said Nega.
The Federal Ministry of Education has lifted its ban on distance education, after a one-and-half month long negotiation with private institutions ended last week in agreement.
At the end of the last academic year, the Ministry scrapped all distance education programs of both private and public institutions in the country due to quality concerns.

Ethiopian food truck coming to your neighborhood.

Fojol Bros. debut Ethiopian food truck


The guys behind the popular Fojol Bros. of Merlindia Indian food truck have been hinting at a new mobile operation for a while, but kept the details under wraps. The new truck debuted alongside the original on Saturday, so it's a secret no longer: Welcome Fojol Bros. of Benethiopia to the streets of D.C.

China to invest in Leather factory in Ethiopia


China’s Xinxiang Kuroda Mingliang Leather Co. will open a $67 million leather factory in Ethiopia on Nov. 24, adding to the billions of dollars already invested in the East African country by China.
Xinxiang financed 55 percent of the project, with the remainder coming from the China-Africa Development Fund, the Chinese embassy in Ethiopia said in an e-mailed statement today.

The economies of Ethiopia and Uganda grew rapidly right through the crisis

Growth in sub-Saharan Africa scarcely missed a beat through the global crisis thanks to improved macroeconomic policy. The good times should continue. Growth in 2011 is forecast to be rapid and broad-based. Botswana and South Africa suffered setbacks in 2009, but have returned to expansion despite increased burdens of debt. The economies of Ethiopia and Uganda grew rapidly right through the crisis; their growth rates remain enviable. Strife-riven countries like Eritrea and Zimbabwe lagged behind in recent years but are looking healthier. Exports from the region as a whole have yet to recover fully, but strengthening links with emerging Asia should keep the boom going.  Source: The Economist

Ethiopia: Controversy of Undervaluation of Yuan

Ethiopia: Undervalued yuan, currency wars and their implications
By Seid Hassan,

Part I. Undervaluation and stylized facts

Introduction

As a result of my recently published article dealing with the devaluation of the birr (Ethiopian currency), some friends of mine and students wondered if the controversy surrounding the undervalued Chinese currency, the yuan renminbi, is similar to devaluation or have the same effect as a devalued currency.