THE WEB (WWW) TURNS 20

THE WEB (WWW) TURNS 20

[caption id="" align="alignnone" width="416" caption="The Web turns 20"][/caption]

On August 6th, 1991, Tim Berners-Lee, a British physicist at the European Organisation for Nuclear Research (CERN), in Geneva, created the first-ever web page—a summary of his WWW project along with explanations to help visitors build websites of their own and to search the web for information... today, the rest is Web History. It has dramatically changed the way we do things. Read more here. and here for timeline.

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MASS UPRISING IN LONDON

MASS UPRISING IN LONDON:

[caption id="" align="alignnone" width="416" caption="A woman leaps from a burning building in Surrey Street, Croydon into the arms of police officers. The town was hit by rioting and a huge fire"][/caption]

Civil unrest /riots in London by citizens who are perhaps discontent with simmering poverty and neglect in the city, according to a report, Martin Fletcher says "caught in a poverty and joblessness cycle, young people in many British urban areas have little hope of a better life." The killing of a 29 year old father, Mark Dugan, heightened the spark for an uprising whose time had come.. you can get the scoop here and more here.

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US STRIPPED OF ITS AAA CREDIT RATING

US STRIPPED OF ITS AAA CREDIT RATING:

John Santiago works on the floor of the New York Stock Exchange Friday, Aug. 12, 2011. (AP Photo/Richard Drew) Photo: AP"

The US was stripped of its AAA credit rating by S & P. Following the downgrade, the US stock market which has witnessed continuous plunge since late July 2011 got its worst hit on Monday August 8th - the S&P index plunged by 6.7 percent in the first trading session (the biggest slump since December 2008). In response to the downgrade, the Federal Reserve said "it will leave benchmark interest rate at a record low through mid 2013. Amidst uncertainty and fear and slump in major banks stocks in the US, the stock market remained largely volatile during the week - on this note it was reported that "never before has the S & P 500 index reversed moves that large each day over four sessions."  Read more here & here.

In another news. JAPAN CUTS GROWTH FORECAST TO 0.5%: To reflect the slump in output following the March earthquake, Japan cuts its economic growth forecast for 2011 to 0.5% from 1.5%. Watch Video here.

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GOVERNOR FASHOLA SIGNS LAW AGAINST ABANDONMENT OF PREGNANT WOMEN

GOVERNOR FASHOLA SIGNS LAW AGAINST ABANDONMENT OF PREGNANT WOMEN:

A pregnant woman

Governor Fashola signs law against abandonment of pregnant women. Read more here. It is now illegal in Lagos State for any man to impregnate and desert a woman.

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