The Internet is nominated for Nobel Peace Prize 2010

Premier endorsers of the Internet for a Nobel Peace Prize nomination include 2003 Nobel laureate Shirin Ebadi and a famous Italian surgeon, known for his contributions to breast cancer treatments, Umberto Veronesi

It's official. The Internet, which has virtually revolutionised the world, has been nominated for the '2010 Nobel Peace Prize', reports PTI.

The Internet was proposed by the Italian edition of the popular 'Wired' magazine for promoting "dialogue, debate and consensus through communication" as well as democracy, according to media reports.

Premier endorsers of the Internet for a Nobel Peace Prize nomination include 2003 Nobel laureate Shirin Ebadi and a famous Italian surgeon, known for his contributions to breast cancer treatments, Umberto Veronesi.

'Wired Italy' has also launched a dedicated campaign, 'Internet for Peace', which will carry on till September 2010, featuring different stories and experiences of those who with the Web have tried to do something concrete to promote peace and harmony in the world.

"We have to look at the Internet as a huge community where men and women from all over the world and with very different religious views can communicate and sympathise, spreading a new culture centred on collaboration and sharing of knowledge that breaks all barriers,” it said.

"For this reason, the Internet can be considered the first weapon of mass construction, which we can deploy to destroy hate and conflict and propagate peace and democracy. What happened in Iran after the latest election and the role the Web played in spreading information that would otherwise have been censored, are only the newest examples of how the Internet can become a weapon of global hope," Riccardo Luna, editor of 'Wired Italy', said at the launch.

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    The Foreign Policy website has its own list of movie-plot threats: machine-gun wielding terrorists on paragliders, disease-laden insect swarms, a dirty bomb made from smoke detector parts, planning via online games, and botulinum in the food supply. The site fleshes these threats out a bit, but it's nothing regular readers of this blog can't imagine for themselves.

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    Snap-back rally likely

    Heavy selling pulled down Indian bourses despite a strong opening

    Indian markets opened strongly during the day after the latest data showed a jump in manufacturing activity across the US. However, markets slipped massively towards the end of the day as investors turned cautious ahead of the opening of the large follow-on public offer (FPO) of state-run power generation firm NTPC tomorrow. As per reports, Indian firms may raise $30 billion from share sale in 2010, led by government stake sales and initial public offers from power and property firms, which will result in soaking up liquidity from the secondary market. Indian companies raised about $20 billion from share sales in calendar year 2009.

    At the end of the day, the Sensex declined 193 points from the previous day’s close to 16,163 while the Nifty closed at 4,830, down 70 points.

    Yesterday we had said that the markets would be up today. They did open higher with a gap but eventually declined under selling pressure. Tomorrow we expect Indian markets to end up higher.

    At 11:00 hrs IST, the Sensex was trading at 16,395, down 39 points from the previous day’s close. However, at 14:00 hrs IST, the Sensex was trading down 84 points from the previous day’s close at 16,272.

    At the end of the day, National Fertiliser rose 6% after the company received the Cabinet Committee on Economic Affairs (CCEA) nod for feedstock conversion projects, estimated to cost the company Rs4,066 crore.

    Cement stocks were among the major gainers. UltraTech Cement rose 3% after Aditya Birla Group’s cement shipments rose 14% to 34.3 lakh tonnes in January 2010 over the same period last year.

    Ambuja Cements rose 1% on reports that the company’s January 2010 shipments rose to 17.5 lakh tonnes, up 7.5% from a year earlier, whereas Shree Cement remained flat after the company said that January 2010 shipments rose 18% to 8.82 lakh tonnes, up from 7.49 lakh tonnes a year earlier. The company also said that the total shipments during April-January period rose 24% to 76.5 lakh tonnes, from 61.8 lakh tonnes a year ago.

    ACC’s shipments in January 2010 rose 1.1% to 19.1 lakh tonnes from 18.9 lakh tonnes a year earlier. The stock remained flat.

    NTPC was down 2%, after the government fixed the floor price for the company’s follow-on public offer at Rs201 per share.

    L&T announced on Monday that it had won orders worth Rs2,155 crore from NFL for projects in Haryana and Punjab. The stock was down 1%.

    Siemens has received an order from Power Grid Corporation of India for construction of a new 765/400KV substation and augmentation of substations.  The stock was down 1%.

    As per reports, D Subbarao, governor, Reserve Bank of India (RBI), has for the first time on Monday stated that the nation may have to take some measures towards capital control. Mr Subbarao also said that it is important for the government to withdraw the stimulus and that the government and central bank would have to coordinate in withdrawing the same. He reiterated that the economy is back to growth and added that the challenge is to accelerate momentum.

    During the day, Asia’s key benchmark indices in South Korea, Indonesia, Singapore, Taiwan and China fell by between 0.23%-1.26% while the indices in Hong Kong and Japan rose by between 0.14%-1.63%.

    On Monday, 1 February 2010, the Dow Jones Industrial Average rose 118 points while the S&P 500 and the Nasdaq Composite index were up 15 points and 24 points. As per US media reports, the ISM manufacturing index for January hit a five-year high of 58.4, which is stronger than the expected 55.5. Personal income and spending rose, while construction spending fell 1.2% for the month of December.

    In premarket trading, the Dow was trading 24 points higher.

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