Investors of the multi-billion dollar oil company, BP, are worried of a possible future leakage from the new containment cap that has been installed in the Gulf of Mexico to stop the oil seepage. Another point to worry about is that the company would have to sell its assets to cope up in paying the billions of dollars worth loss during the oil leak.

From the past three weeks, BP’s shares have been heading southward and has already slipped by 2.5%. During the tests, one of the BP spokesperson stated, that there is a seep detected, but they are not be sure whether its is from the blown out well. Seeps on the ocean floor might also be a natural phenomenon.

The total costs which has been incurred during the massive catastrophe has piled up to $3.95 billion which has now become a point of worry for the company. On the other hand, BP undertook the tests of the cap on Friday, and some reports came in that there is a possible seepage, but its not sure, whether it is from the blown out well. Later a spokesperson from BP said, that if there is a seep confirmed, then the new cap would be lifted out to the surface, as a result of which oil would start flowing in the sea again.

Pakistan’s elite class seems to be reluctant in paying tax, the politicians topping the charts among those. A study by the Pakistan Institute of Legislative Development and Transparency in Islamabad disclosed that the normal worth of Pakistani Members of Parliament is $900,000. The richest amongst them having an average of $37 million.

Nawaz Sharif, Pakistan’s leader of opposition informed that he did not pay any personal tax for three years up till 2007.

The bad part is that, the Pakistan is one of those recipients who are financially helped by the United States of America to cope up with the developmental requirements of the nation.

Year 2009’s tax income was the minimum in the past records of the country. The study also mentions that the assets of the present Members of Parliament is almost doubled, informed Zafar ul-Majeed, a senior official with the Federal Board of Revenue.

The previous land speed record which was set back in the year 1997 by another British team in a car called the ‘Thrust SSC’ as it made the world record by going at 763 mph, would be broken in some years from now. A new supersonic car is getting ready and its full scale model has already been unveiled in UK. The 12.8 m long car, which took three years in aerodynamic research, is called the ‘Bloodhound SSC’.

It is aiming to break the previous record made by ‘Thrust SSC’, by crossing the 1000 mph mark.The team has made an announcement, that it would start building the vehicle by the end of the 2011. Mark Chapman, chief engineer of the project stated that they are hoping to test run the vehicle by the end of 2011 or 2012.

Bloodhound would be using a hybrid engine of a Falcon fighter jet and a Eurofighter Typhoon Jet. The project also includes people from the ‘Thrust’ project. The main purpose of the run is not only to break the existing world land speed record, but rather influence children to take up STEM subjects (Science, Technology, Engineering and Maths).

U..S researchers have stated that in the near future, vaccine patches may replace the painful injections and increase the immunization effectiveness against many diseases. The Patch works when hundreds of microscopic needles attached to the patch stick the human skin. Experiments on mice have shown that this process provides better immune than to the previous procedure.

An article in the “Nature Medicine”, states that one this procedure would replace the conventional injection. The patch developers from the Emory University and the Georgia Institute of Technology have stated that these patches have 100’s of micro needle, that attach to the outer layer of the human skin, and the moment of contact, these needles start to dissolve.

During tests, researchers have used it against influenza and has found to be effective against the sickness. So one day it would become very convenient for people to use it by themselves against any disease personally.

17 people died at a private weekend celebrations on July 18, Sunday held at the outskirts of Torreon, Mexico after a gunman opened fire.

The gunman is said to have fired 200 bullets at the party. More than 12 people are left injured. Torreon is an industrial city located at the northern state of Coahuila. The people who died were between 20 – 30 years of age.

Coahuila police source informed, “A heavily armed hit squad arrived and cried ‘killed them all!’ and they started shooting”.

The shooting seems to be similar with attack that took place in January when a gunman killed 16 people, all of them going at a party in Ciudad Juarez.

The firing started almost at 01:30 am (local time). The investigations revealed that the firing was done by AK-47 automatic rifles, which is a common weapon used by the drug gangs belonging to Mexico.

A suicide attack took place in crowded area of a bus stand, in the Swat area in Northwest Pakistan. The incident resulted in the death of 5 people and injured 44. According to the Police, the attacker had aimed the bus stand in Mingora, which is the headquarters of Swat district. Most people who were injured in the attack were tourists.

The hospital officials stated, that among the five dead people, there was a woman who was killed too. The Pakistan government has been trying hard to revive tourism back into the country and specially the beautiful Malakand area which falls in the Swat division, but such attacks have again put Pakistan into a deep set back, and avoid tourists to come to their country.

The bus stand where the attack took place was packed with people, which mostly included tourists. After the blast, rescue officials took the injured to Saidu Sharif Hospital. Some people who have been admitted in the hospital, are reported to be critical condition. No terrorist group has taken responsibility of the attack.terrorist attack pakistan, pakistan terrorism, swat terrorist attack, people dead attack swat

The admissions for the First Year Junior College (FYJC) for the year 2010 has been started in Mumbai from July 15, 2010. The counseling will help the students to get admissions in the junior colleges of Mumbai.

The students can also attend the FYJC counseling online. For this, the students need to download the application forms.

1. The students will be required to fill the ‘Application ID’ and ‘Password’ that has been provided in the information booklet.

2. For this, the students need to purchase the information booklet from the school or Guidance Centre. Students should read the booklet thoroughly.

3. The sample application form that has been provided in the information booklet should be completely filled in before the students fill the final online form. It would be easy for the students to refer the filled form before filling the online form.

4. For filling the online application form the student should click on the ‘Applicant Login’.

5. The instructions given on the online application form should be read carefully, to avoid any kind of error.

All the best!

A Connecticut based technolgical company, XPRT Ventures LLC, has sued eBay for stealing information regarding payments process online, which was shared with the investors of the company. The company has stated that eBay has stolen payment systems from them, such has PayPal Later, and PayPal Buyer Credit.

According to the XPRT, it states that eBay in the year 2003 had filed a patent application called, Method and System to Automate of Commerce Transaction’, but it had failed to inform the US Patent and Trademark Office, as it knew about XPRT’s own patents.

The Officials, stated, that it is a clear state, of technology and trade secret theft, but still it is OK if any one can use someones technology but then patent it on its own name is illegal. On the other hand eBay has not commented on the issue.

The latest annual reports show that eBay earns around $2.8 billion from this payment system, which is 32% of its annual income. And XPRT has put a claim of not less than $3.8 billion as compensation, which has been based on its estimate value.

BP today is all set to go ahead in testing the bigger cap that would be placed in the leaking well, and this would be the biggest step by BP to completly seal off the oil leak. The step to go ahead with the test began late evening on Wednesday, but then a leak was discovered and process was stopped until the leak is not fixed. Earlier the government was not sure of the process, as it feared that it would make matters worse.

Admiral Thad Allan, stated that there is an urgent need to go ahead with the procedure, but he has also warned that there should be no such mistake that cannot be resolved. On the other hand, BP feels that the new valve will help in stopping the leakage. The test would go this way, as the officials screw on the valve choke, they would test the integrity of the new device by testing the seismic, acoustic and temperature changes in the surrounding areas of the well.

After the test would be successfully completed, the federal government would refer the data collected and would take the steps of permanently shutting the leak by relief wells and would also shut down the well for some time, due to an oncoming hurricane. During the test BP would monitor the whole process, if there is high pressure then, oil is being contained successfully, but if there is low pressure then there is a leak somewhere else.

The Vatican has issued a set of new instructions to its officials who are in charge of the sexual abuse cases by the Priests. The new instruction clearly states that the process should speed up. In a new case, that has come up, Priests have reportedly sexually harrased a mentally ill person the same way the children were abused.

As per the new set of instructions provided, it states that the Church can take action against the sexually abused children aged between 10 to 20. The age bar has gone up from 18 to 20 and is looking to go higher as new cases keep coming in.

The current guidelines provided to the Bishops, state that any abuse case that comes forwards should be intimated to the public authority. The internal church justice system is under pressure for the moment, as the victims family members are complaining that their accusation were ignored for a long time.