Floods in Australia strand thousands Levees that were built all around Queensland failed to protect the town. The swollen Ballon River was expected to reach 14 meters by the end of Tuesday. Additionally, millions of dollars in property and crop damage was caused.
Facebook files for IPO to raise net worth Mark Zuckerberg made another bold move to raise profit for the ever-expanding social media giant. Facebook plans to raise five billion in initial profit but investors are skeptical as to the solidity of investing money in the website.