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Buried Treasures in Bohol Philippines

Written by Joe Espiritu Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise. There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago. If one ...

Detonators in Hebei, China

The death toll has risen to eight after Saturday's explosion triggered by detonators illegally manufactured and stored at a residential building in north China's Hebei Province, local authorities said Monday. Five more bodies were retrieved while rescuers were clearing the debris in the city of Baoding, the city government said in a statement late Monday. Another 27 people are still under treatment in hospital, it added. Two suspects, a 38-year-old man surnamed Ge and his 42-year-old girlfriend, turned themselves in to police Monday noon in the eastern province of Anhui. Ge and two relatives started producing detonators in 2009. Due to poor sales, the three stored unsold detonators at a house of the six-storey building in Dongwuyao Village. The explosion that occurred Saturday afternoon toppled part of the building and also shattered the glass windows of buildings 200 meters away.

U.S. economic data reacts to crude oil price

Crude prices rose on Thursday as U.S. economic data came in positive and continuing unrest in the Middle East caused supplies fears. Market sentiment was boosted after the Commerce Department said U.S. gross domestic product expanded at a 2.7 percent annual rate, much faster than 2.0 percent it estimated last month. It was the quickest quarterly growth rate since the fourth quarter of 2011, helped by faster inventory accumulation and export growth, which offset weak consumer spending and a drop in business investment. Meanwhile, a report from the Labor Department added to the upbeat tone. The report showed U.S. initial jobless claims declined 23,000 in the week ended Nov. 24 to 393,000, as effect of Hurricane Sandy faded. Pending home sales climbed 5.2 percent in October, surging to its highest level in more than five years, according to the National Association of Realtors. Traders were closely watching the situation in the Middle East, in particular the viole...

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