Month: June 2012

Breaking News News Politics

Spain Asks For Financial Bailout

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Last week Spain’s Prime Minister asked for $125-billion to help the country’s failing economy.

Prime Minister Mariano Rajoy said the country needs the money to save its banks.

For months the country has tried to avoid seeking outside help.

There are 17 countries that use the Euro as their currency. Spain is the fourth of these countries to request a bailout. In this case a bailout is when other countries lend a country money to help prop up its economy.

Because its economy is so large, the need for a bailout is troubling for the European union. For instance, the Spanish economy is five times larger than that of Greece (another country that is suffering from economic problems).

Usually countries’ economies affect each other. That’s because they buy and sell things from and to each other. So if one country’s economy isn’t doing well, it affects other countries.

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Animals News Sports

Canadian-Owned “I’ll Have Another” Retires

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Canadian-owned I’ll Have Another was a favourite to win the Belmont Stakes horse race this year.

The race was held last Saturday.

If he’d won, he would also have won all three of the major horse races and become the U.S. Triple Crown winner, every horse-owner’s dream.

However, it wasn’t to be.

Just before the big race, his trainer announced that the horse had tendonitis in his left front leg and would not be able to race. The owner decided to retire the colt from racing.

The good news is that I’ll Have Another will recover from his injury and will be fine. It’s likely that the horse will become a stud, which means that he will father other colts which may go on to become excellent race horses themselves. In that way, I’ll Have Another’s legacy will live on.

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News Politics

Toronto Bans Plastic Shopping Bags

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Toronto is banning plastic shopping bags in stores.

Starting in January 2013, you’ll have to bring your own reusable bag to the store to cart your goods away.

More than 250 million bags end up in landfill every year, never breaking down into compost, according to a report by CBC News.

Plastic bags can also clog drainage systems and, when they are washed out to sea, can hurt fish and other marine animals.

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News

Flotilla A Highlight Of Queen’s Diamond Jubilee Celebrations

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When someone’s done the same job for 60 years, she deserves a party. And that’s what happened in London, England this week.

The party for Queen Elizabeth II lasted four days.

On the first day, she attended the Royal Derby, a big horserace held every year.

The second day, more than a million guests lined the River Thames and watched the Queen and members of her family float along in the royal barge, majestically surrounded by a flotilla of 1,000 boats. A flotilla is a group of small boats together on the water.

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Science Technology

World’s First Private Spacecraft Makes Successful Trip To International Space Station

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Governments from just a handful of countries have flown into space.

But never has a private company successfully sent a spacecraft into space.

Not only is it extremely expensive, but it’s incredibly risky. There are a million things that can go wrong.

Last month an American company called Space Exploration Technologies – better known as SpaceX – made history by sending its unmanned Dragon spacecraft into space.

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News Politics

Mubarak Sent To Prison For Life

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Former Egyptian President Hosni Mubarak has been sent to prison for life.

Last year, as part of the Arab Spring protests* Mubarak was forced from government. He had been in power for nearly 30 years.

During the anti-Mubarak protests, Mubarak’s security forces fired on the protesters, killing more than 850 people.

Recently, a judge found Mubarak guilty of participating in those killings and sentenced him to life in prison.

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