Saturday, August 25, 2012

Astronaut Neil Armstrong: Rest In Peace

US astronaut Neil Armstrong, the first man on the Moon, has died at the age of 82. Armstrong was commander of the Apollo 11 space flight and on July 20, 1969, he made "one giant leap for mankind". That “one small step” on the moon immortalized him in the annals of space exploration. An estimated 600 million TV viewers watched the event.

Armstrong had undergone heart surgery Aug. 8, three days after his 82nd birthday. In their announcement, his family said that he had died from post-surgery complications.

How Rich is the Queen?

Queen Elizabeth II

Queen Elizabeth, 85, has an estimated personal net worth of $500 million that comes from property holdings including Balmoral Castle in the Scottish Highlands, stud farms, a fruit farm and marine land throughout the U.K.; extensive art and fine jewelry; and one of the world’s largest stamp collections built by her grandfather.

Not included are those assets belonging to the Crown Estate, which she gets to enjoy as Queen, such as $10 billion worth of real estate, Buckingham Palace (estimated to be worth another $5 billion), the Royal Art collection, and unmarked swans on stretches of the Thames. The Crown has claimed ownership of these birds since the 12th century when swan meat was considered a delicacy; they are no longer eaten. The Queen also receives an annual government stipend of $12.9 million.

Monday, August 20, 2012

Time, CNN Suspend Columinist Fareed Zakaiah

The Wall Street Journal reports that both Time magazine and CNN have suspended columnist Fareed Zakaria following the revelation of similarities between his recent writing for both news organizations on gun control and another reporter's writing in the New Yorker.

Newsbusters, a conservative media watchdog, flagged on Friday morning close parallels between a paragraph in an article in Mr. Zakaria's most recent column, about gun control, and an April 23 essay in the New Yorker by Jill Lepore.

Mr. Zakaria issued a statement on Friday conceding "I made a terrible mistake. It is a serious lapse and one that is entirely my fault. I apologize unreservedly to her, to my editors at Time, and to my readers."