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The host city of the 2018 Winter Olympics is set to be named

The three cities competing to host the Winter Olympics in 2018 will find out on Wednesday which of them has been awarded the Games.

The French city of Annecy, Munich in Germany and South Korea’s Pyeongchang were the only applicants.

Pyeongchang, bidding for the third consecutive time after missing out in 2010 and 2014, is the favourite, with Annecy the outsider.

The winning city will be announced in Durban, South Africa.

Former British Olympic Association (BOA) chief executive Simon Clegg told BBC Radio 5 live it was no surprise that Pyeongchang should be the front runner.

“Any bid by a Korean city is always a strong bid because the Korean government get fully behind their bid,” he said. “They see it as a vehicle for achieving many things, not just sporting prowess, but also making sure the world is focused on South Korea and perhaps less on some of the challenges that they face across the border.”

Munich is considered to be Pyeongchang’s main challenger and is hoping to become the first city to host both a summer and winter Games – it staged the summer Olympics in 1972.

The International Olympic Committee (IOC) will vote by secret ballot, with the winner expected to be announced by its president, Jacques Rogge, at around 1600 BST. WINTER GAMES HOST APPLICANTS
1992 – seven bids
1994 – four
1998 – six
2002 – nine
2006 – six
2010 – eight
2014 – seven

With seven absentees, 95 IOC members will be eligible to vote in the first round. A majority is required for victory, meaning 48 votes would be enough to win.

If no majority is reached in the opening round, the city with the least support will be eliminated and the two remaining cities will go to a second and final ballot.

When the initial applications were submitted, the IOC approved Munich and Pyeongchang without any reservations, but said Annecy should review its sports venue plans.

The finalists had to submit their detailed bid proposals to the IOC by 11 January 2011.

An IOC evaluation commission visited each city and issued a report assessing the bids a month before the final vote.

It is the fewest number of bids to stage a Winter Olympics since 1981, when three finalists competed for the 1988 Olympics, which were awarded to the Canadian city of Calgary.

There were seven bids for the 1992 Games, four for 1994, six for 1998, nine for 2002 (cut to four finalists), six for 2006, eight for 2010 (reduced to four finalists) and seven for 2014 (decreased to three finalists).

Pyeongchang, located in the Alpensia mountains east of Seoul, narrowly lost out to Vancouver for the 2010 Olympics and to Sochi, Russia, for the 2014 Games.

Korean bid chiefs say they have learned from those defeats and claim their Games would be the most compact in history.

The Bavarian bid proposes holding ice events in Munich and snow competitions in the mountain resorts of Garmisch-Partenkirchen and Koenigssee.

The Savoy lakeside resort of Annecy is making its first Olympic bid, although France has staged the Winter Games three times – Chamonix in 1924, Grenoble in 1968 and Albertville in 1992.

The bid proposes using eight ski resorts around Mont Blanc, including Chamonix, Megeve and Morzine.

Ratings agencies criticised by European Commission

The European Commission has strongly criticised international credit ratings agencies following the downgrade of Portugal by Moody’s.

The Commission said the timing of the downgrade was “questionable” and raised the issue of the “appropriateness of behaviour” of the agencies in general.

Earlier, Greek Foreign Minister Stavros Lambridinis said the agencies’ actions in the debt crisis had been “madness”.

Ratings agencies have downgraded Greece and Portugal many times recently.

The three main agencies are Standard & Poor’s, Moody’s Investors Service and Fitch.

German Finance Minister Wolfgang Schaeuble told a news conference that he wanted to “break the oligopoly of the ratings agencies” and limit their influence.
‘Speculation’

On Tuesday, Moody’s downgraded Portugal’s debt to “junk” status, citing worries that the country may need a second bail-out.

“The timing of Moody’s decision is not only questionable, but also based on absolutely hypothetical scenarios which are not in line at all with implementation,” said Commission spokesman Amadeu Altafaj.

“This is an unfortunate episode and it raises once more the issue of the appropriateness of behaviour of credit rating agencies.”

Commission President Manuel Barroso added that the move by Moody’s “added another speculative element to the situation”.

He also said it was strange that none of the ratings agencies were based in Europe.

“[This] shows there may be some bias in the markets when it comes to the evaluation of specific issues of Europe,” he said.
‘Self-fulfilling prophecy’

Earlier, Mr Lambridinis told a conference in Berlin that the agencies had exacerbated an already difficult situation.

He told the conference that Moody’s decision to downgrade Portugal’s rating was not based on any failure to implement economic reforms.

He said Moody’s made an “assumption that Portugal would need a second bail-out”, a move that had “the wonderful madness of self-fulfilling prophecy” – because it made it harder for Portugal to borrow to keep afloat.

Portugal’s downgrade has led to the yield on its 10-year bonds exceeding 11%. German 10-year bonds – deemed the safest in the eurozone – have a yield of about 3%.
Avoiding default

Greece and Portugal – with the Irish Republic – are the eurozone countries whose finances are so weak that they have received assistance from the European Union (EU) and the International Monetary Fund (IMF).

Greece is currently in the process of negotiating a second bail-out. Rating agencies are watching this closely, as commercial lenders are discussing how they can contribute to the bail-out.

Later on Wednesday, senior executives from European lenders will hold a meeting to discuss how to agree repayment terms which would fulfil both their need for repayment and Greece’s need to access funds.

The agencies have voiced doubts that this can be done without them declaring that Greece has defaulted on its debts.

That would spark a round of write-downs of Greek debts held by state and commercial banks, potentially causing mayhem on the financial markets.

S Korean marine kills three while on duty

A South Korean marine has turned his gun on his colleagues, killing three of them and injuring two others.

A spokesman for the defence ministry in the capital, Seoul, said the corporal had opened fire while on duty at Ganghwa island west of Seoul.

The shooter was slightly wounded and has been taken into custody, officials said. The motive for the shooting remains unclear.

The island base is near a disputed maritime border with North Korea.

All able-bodied South Korean men are required to serve at least two years in the country’s 650,000-member military.

In Monday’s incident, a staff sergeant, a corporal and a lance corporal were killed, while a corporal and a private were injured, Yonhap news agency quoted an unidentified military official as saying.

It is unclear whether the perpetrator hurt himself or was injured while being apprehended.

The incident was being investigated, defence officials said.

There have been previous violent incidents involving South Korean soldiers in recent years.

In 2005, a young soldier threw a grenade and fired at sleeping comrades, killing eight and seriously injuring two.

In 2008, a private reportedly injured five other soldiers when he threw a grenade at them while they were sleeping.

Ex-Bosnian Serb army head Ratko Mladic appears in court

Ex-Bosnian Serb army head Ratko Mladic is appearing at a hearing at The Hague war crimes tribunal where he is due to enter pleas against genocide charges.

Mr Mladic had previously said he would boycott the hearing.

As the hearing began, the judge asked that Mr Mladic remove his cap in court.

Mr Mladic attempted to speak several times at the beginning of the proceedings, but the judge asked him to remain silent until he was given the opportunity to speak.

Thai PM-elect Yingluck Shinawatra

The surprise runaway winner of Thailand’s election, the Pheu Thai party, says it has agreed to form a coalition with four smaller parties. The party – led by by Yingluck Shinawatra, sister of ousted PM Thaksin Shinawatra – won a clear majority with an estimated 265 seats. Prime Minister Abhisit Vejjajiva has announced his resignation as leader of the Democrats, which won 160 seats. The powerful military has said it will accept the results from Sunday’s poll. Ms Yingluck, who has no previous political experience, said Pheu Thai and four other parties had “agreed to work together to run the country and solve people’s problems”. “The first urgent issue is how to achieve reconciliation,” she said. Mr Thaksin was ousted by a military coup in 2006, and critics of his sister say she is a proxy for him. But speaking from Dubai where he lives in self-imposed exile, Mr Thaksin has said he does not want to return to Thai politics.

Archaeological finds place

Archaeological finds place the eastern border for the prehistoric Martis people in the Reno area.[4]

As early as the 1850s a few pioneers settled in the Truckee Meadows, a relatively fertile valley through which the Truckee River made its way from Lake Tahoe to Pyramid Lake. In addition to subsistence farming, these early residents could pick up a bit of business from travelers along the California Trail, which followed the Truckee westward, before branching off towards Donner Lake, where the formidable obstacle of the Sierras began.

Gold was discovered in the vicinity of Virginia City in 1850 and a modest mining community developed, but the discovery of silver in 1859 led to one of the greatest mining bonanzas of all time as the Comstock Lode spewed forth treasure. The Comstock’s closest connection to the outside world lay in the Truckee Meadows.

To provide the necessary connection between Virginia City and the California Trail, Charles W. Fuller built a log toll bridge across the Truckee River in 1859. A small community that would serve to service travelers soon grew up near the bridge. After two years, Fuller sold the bridge to Myron C. Lake, who continued to develop the community with the addition of a grist mill, kiln, and livery stable to the hotel and eating house. He renamed it Lake’s Crossing. In 1864, Washoe County was consolidated with Roop County; Lake’s Crossing became the largest town in the county. Lake had earned himself the title “founder of Reno.”[5]

By January 1863, the Central Pacific Railroad (CPRR) had begun laying tracks east from Sacramento, California, eventually connecting with the Union Pacific Railroad at Promontory, Utah to form the first transcontinental railroad. Lake, realizing what a rail connection would mean for business, deeded land to the CPRR in exchange for its promise to build a depot at Lake’s Crossing. Once the railroad station was established, the town of Reno officially came into being on May 9, 1868.[6] CPRR construction superintendent Charles Crocker named the community after Major General Jesse Lee Reno, a Union officer killed in the American Civil War at the Battle of South Mountain.

In 1871 Reno became the county seat of the newly expanded Washoe County, replacing the previous county seat, located in Washoe City. However, political power in Nevada remained with the mining communities, first Virginia City and later Tonopah and Goldfield.

The extension of the Virginia and Truckee Railroad to Reno in 1872 provided another big boost to the new city’s economy. At first citizens viewed the changes as an omen, however in the following decades, Reno continued to grow and prosper as a business and agricultural center and became the principal settlement on the transcontinental railroad between Sacramento and Salt Lake City.

Downtown Reno

As the mining boom waned early in the 20th century, Nevada’s centers of political and business activity shifted to the non-mining communities, especially Reno and Las Vegas, and today the former mining metropolises stand as little more than ghost towns. Despite this, Nevada is still the third-largest gold producer in the world, after South Africa and Australia; the state yielded 6.9 percent of the world’s supply in 2005 world gold production.[7]

The famous “Reno Arch” was erected on Virginia Street in 1926 to promote the upcoming Transcontinental Highways Exposition of 1927, the arch included the words “Nevada’s Transcontinental Highways Exposition” and the dates of the exposition. After the exposition, the Reno City Council decided to keep the arch as a permanent downtown gateway, and Mayor E.E. Roberts asked the citizens of Reno to suggest a slogan for the arch. No acceptable slogan was received until a $100 prize was offered, and G.A. Burns of Sacramento was declared the winner on March 14, 1929 with “Reno, The Biggest Little City in the World”.

Nevada’s legalization of casino gambling in 1931 and the passage of liberal divorce laws created another boom for Reno. Ernie Pyle once wrote in one of his columns “All the people you saw on the streets in Reno were obviously there to get divorces.” In Ayn Rand’s novel The Fountainhead, published in 1943, the New-York-based female protagonist tells a friend “I am going to Reno,” which is taken as a different way of saying “I am going to divorce my husband.” Among others, the Belgian-French writer Georges Simenon, at the time living in the US, came to Reno in 1949 in order to divorce his first wife.

The divorce business eventually died as the other states fell in line by passing their own laws easing the requirements for divorce, but gambling continued as a major Reno industry. Beginning in the 1950s, the need for economic diversification beyond gaming fueled a movement for more lenient business taxation.

One of the worst disasters in the history of the region occurred on the afternoon of February 5, 1957 when an explosion ripped through the heart of downtown. At 1:03 pm, two explosions, caused by natural gas leaking into the maze of pipes and ditches under the city, and an ensuing fire destroyed five buildings in the vicinity of Sierra and First streets along the Truckee River. Forty-nine people were injured in the disaster, but only two deaths occurred. The first explosion hit under the block of shops on the west side of Sierra Street (now the site of the Century Riverside), the second, across Sierra Street, now the site of the Palladio.

The presence of a main east-west rail line, the emerging interstate highway system, favorable tax climate and relatively inexpensive land created the ideal conditions for warehousing and distribution of goods to the growing population in the surrounding eleven western states.

Reno has experienced a growing economy which has resulted in new home construction around the metro area. A direct result of this growth and the “housing bubble” has been a dramatic increase in housing prices in the area, Reno-Sparks being named the 44th most overvalued housing market in the nation in 2006.[8] As of January 2007 Reno’s housing market has fallen by 7% bringing the median home price down to $315,000.[9] The Nevada economy overall, while taking the unemployment rate into consideration, ranks very low in comparison to all other states. On the other hand, the state recently ranked the nations fastest growing in population (2010), some believe this is because retired people are flocking there from California for its low cost of living etc. Major new construction projects have been completed in the Reno & Sparks areas. The Outlets at Legends in Sparks offers a very nice shopping center and Reno now has The Summit Shopping Center, located at the south end of Reno. Both offer a very nice shopping experience. A few new luxury communities were recently built in Truckee, CA, approximately 28 miles west of Reno on Interstate 80. Reno also is featured as an outdoor recreation destination, due to close proximity to the Sierra Nevada Mountain Range, Lake Tahoe, and numerous ski resorts in the region. Some include Northstar-at-Tahoe, (an all season resort in Truckee, CA), which features skiing/snow boarding in winter, and mountain biking and hiking in the summer, as well as a family-oriented village square for shopping, ice/roller skating, concessions, restaurants, and entertainment. A Ritz Carlton hotel was recently completed at Northstar-at-Tahoe as well. Almost all of the ski resorts on the north end of Lake Tahoe have constructed new ski lodges and made other facility improvements to cater to visitors in all seasons. Squaw Valley offers Squaw Village, a walk through village experience. Diamond Peak in Incline Village, NV just completed a newly constructed large ski lodge. The Tahoe Donner community in Truckee, CA also has made improvements to its ski resort and other facilities. Recently, Tahoe Donner Ski Resort opened Candyland Terrain Park. Squaw Valley now offers a Half Pipe and they host national events there. These ski Resorts are only a short drive from Reno.

In more recent years, the city has gained some notoriety as the subject of the comedy series Reno 911! (which is not, however, filmed in the city).

Reno nevada

Reno is the county seat of Washoe County, Nevada, United States. The city has a population of about 220,500[2] and is the fourth most populous city in Nevada, after Las Vegas, Henderson, and North Las Vegas. It sits in a high desert valley at the foot of the Sierra Nevada.

Reno, known as “The Biggest Little City in the World”, is famous for its casinos, and is the birthplace of the gaming corporation Harrah’s Entertainment. City residents are called “Renoites”. Reno borders Sparks, a city of approximately 100,000 population. Most call the metropolitan area “Truckee Meadows”; the metropolitan area including Sparks and Reno has a combined population of about 420,000

Las Vegas Hotels and Deals

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Koreana restaurant

Open since 1993, Koreana proudly serves traditional Korean food offering Korean style barbecue, an elegant sushi bar, and a full service alcohol bar. Koreana recently reopened in April 2003, after an extensive renovation and remodeling of the entire restaurant including the main dining room, kitchen and bar.

Specializing in Korean style barbecue, each table has a built in cooking grill with a custom designed smoke ventilation. Koreana focuses on customer service with great attention to your dining needs while offering the best traditional Korean food possible.

Awarded best Restaurant in Boston by Best of Boston in 1998 and 1999, Koreana continues to offer quality food and service in an upscale atmosphere. Koreana has been highly acclaimed by critics in terms of service, taste, and price.

Catering to family, business and corporate dining of all occasions, Koreana invites you to dine in Boston’s best traditional Korean restaurant.