The 2008 global reces­sion caused the first world­wide con­trac­tion in assets under man­age­ment in nearly a decade, accord­ing to a study that found wealth dropped 11.7 per cent to $92.4 trillion.

A return to 2007 lev­els of wealth will take six years, accord­ing to a Boston Con­sult­ing Group study that exam­ined assets over­seen by the asset man­age­ment industry. 

China has banned for­eign tourists from trav­el­ling to Tibet ahead of a parade in the cap­i­tal to mark 60 years of Com­mu­nist rule, an offi­cial said on Tues­day, amid stepped-up secu­rity across the coun­try to ensure noth­ing mars the celebrations. 

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A mas­sive Hog­warts cas­tle will loom over The Wiz­ard­ing World of Harry Pot­ter, slated to open in the spring at Universal’s Islands of Adven­ture in Orlando, and house a ride that its cre­ators say will exceed the tech­nol­ogy and sto­ry­telling of the park’s Spider-Man 3-D thrill ride.

In inter­views, park offi­cials would reveal lit­tle about the ride, Harry Pot­ter and the For­bid­den Jour­ney, except to describe it in superla­tives and promise more details closer to its opening. 

Hin­dus have urged New South Wales (NSW) gov­ern­ment in Aus­tralia to add “Diwali” and “Holi” on the list of restricted trad­ing days in the new law.
Like this demand or not. comment!

The tragic day is best explained here with the help of some rare images.