UN appeals for urgent funds to help Afghan Interim Administration

Speaking at a meeting of the Afghanistan Support Group in Kabul, the senior United Nations envoy in the country told representatives of 15 donor nations and the European Commission that while future donations were welcome, present contributions were also urgently needed. “We thank you for your billions but we need your millions today,” said Lakhdar Brahimi, the Secretary-General’s Special Representative for Afghanistan. Mr. Brahimi also emphasized that the Afghan Interim Administration was “in dire need of funds now, [for] the Civil Service and police, and to get the country going, and to get this Administration functioning,” a spokesman for the envoy told reporters after the meeting. “We have started to help the Interim Administration with the basics, and we spoke about that some time ago: cars, desks, chairs, window panes, doors, paper clips, telephones, you name it, they need it,” said spokesman Ahmad Fawzi. “Donor countries need to realize that the infrastructure here was totally demolished and that we are starting from zero,” Mr. Fawzi stressed, adding, “This is like no other operation that we have been faced with before, and there are things that need to be done now, not five years from now – this Administration cannot wait for another five years for the billions to come in.” The spokesman noted that many governments had made pledges and offered expressions of support. “There have been delays in depositing the funds, and it could be bureaucracy – if so, then it is the bureaucracy that we have to get rid of in this case, because lives are at stake,” he said. “The whole country is at stake.” According to Mr. Fawzi, Afghanistan needs $100 million immediately, including $70 million to pay back – and future – salaries for some 235,000 civil servants who had not been paid for six to seven months. “If this Administration is going to have any credibility with the people of Afghanistan it will have to be able to pay the salaries of the civil servants of Afghanistan,” he explained. The remaining funds were needed “to prop up the Administration logistically and physically,” he added. read more

Old diseases new infections may reemerge without better vaccine funding UN warns

Old diseases and new infections will re-emerge unless urgent action is taken to close the gaps in funding, research and global immunization coverage, according to a new report jointly produced by the World Health Organization (WHO), the United Nations Children’s Fund (UNICEF) and the World Bank.Entitled “State of the World’s Vaccines and Immunization”, the report points out that while vaccines have saved billions of lives in the past century, and are still the least expensive way of controlling the spread of infectious diseases, they are not reaching the populations that need them most.Carol Bellamy, UNICEF Executive Director and Chair of the joint initiative, the Global Alliance for Vaccines and Immunization (GAVI), said vaccines are among the most cost-effective public health interventions. “Today, no child should die from a vaccine-preventable disease,” she said.The report cites low donor investment as one of the major reasons for the huge gaps in coverage, stating that external aid to developing countries for immunization currently stands at approximately $1.56 billion annually. “With an additional investment of $250 million a year, at least 10 million more children would be reached with basic vaccines [while] a further $100 million a year would cover the cost of newer vaccines,” including hepatitis B and Hib vaccines, which together kill 970,000 children each year.The report also says low-income countries spend as little as $6 per person per year on health, including immunization, while access to vaccines has been limited by the countries’ poor economies and market situation for vaccines. “For instance, while a vaccine with some efficacy for HIV/AIDS is now seen as possibly achievable within the next 10 years, only one clinical trial for this vaccine has been conducted in Africa, the continent that bears 70 per cent of the world’s HIV burden.”According to a joint statement issued today in Dakar, Senegal, by the producers of the report, while children in developed nations have access to additional, newer and more expensive vaccines to protect them against major childhood diseases, only half of the children in sub-Saharan Africa have access to basic immunization against common diseases such as tuberculosis, measles, tetanus and whooping cough. “In poor and isolated areas of developing countries, vaccines reach fewer than one in 20 children,” the statement said.“In many regions of the world it is more the rule than the exception for children to die of common childhood conditions such as measles, which alone causes about 700,000 deaths a year,” said WHO Director-General Dr. Gro Harlem Brundtland, adding that access to life-saving vaccines was the only way of avoiding major epidemics of new and old diseases.For his part, James Wolfensohn, World Bank President and GAVI board member, said the key to a well-functioning immunization and health system is in building financial sustainability from the outset, and bridging the gap between rich and poor countries in terms of access to vaccines. read more

UN agency to issue identity cards for refugees in Congo DR of

Rupert Colville told the press that the effort – mounted jointly by UNHCR and the governments of the two countries – would kick-off in Kimaza, DRC, about 140 kilometres west of Kinshasa, where some 2,000 refugees from Congo will receive identity cards over the next few days. The cards, which will be issued to every refugee and asylum seeker over the age of 14, will help to improve their legal protection and protect them from security problems.After the exercise is completed in Kimaza, the operation will move to Pointe-Noire in the Congo, where identity cards will be distributed early December, and Lumumbashi, in the south-eastern part of the DRC.Quoting government estimates, UNHCR said there are about 440,000 refugees and asylum seekers in the two Congos, most of them in areas bordering Angola and the Cabinda enclave. About 330,000 reside in the DRC while the remaining 110,000 live in Congo, the agency said, adding that the majority of the refugees and asylum seekers are Angolans. The DRC also shelters 75,000 Sudanese, 22,000 Rwandans and other nationalities. read more

SARS vaccine trial could start in a few months – WHO

After a two-day review of research progress, the WHO Consultation on SARS Vaccine Research and Development said a resurgence of the illness could speed up research and result in a vaccine within two years. Without a new outbreak, the vaccine would follow the classical development path and not be ready for four to five years. In the meantime, “we must be ready to manage a possible resurgence of SARS through the control measures that work – surveillance, early diagnosis, hospital infection control, contact tracing and international reporting. Research must continue to determine if, how, and how soon a vaccine will add to these existing control measures,” WHO Director-General Lee Jong-wook said. The group of 50 experts from 15 countries examined what is known of how the SARS coronavirus causes human disease, the factors involved in choosing the best genetic strains for future vaccines and the help or the hindrance raised by patent and intellectual property issues. The consultants also reviewed recent work on experimental vaccines in animals and how that information could be used to initiate clinical trials in human volunteers. But human trials might be inappropriate, given the severity of the disease, its relatively rare occurrence and the urgency of the search for inoculation, they said. “SARS might have to be licensed in the absence of efficacy data generated in humans,” they concluded. Dr. Marie-Paule Kieny, Director of the WHO Initiative for Vaccine Research, said, “If we are to develop a SARS vaccine more quickly than usual, we have to continue to work together on many fronts at once, on scientific research, intellectual property and patents issues, and accessibility. It is a very complicated process, involving an unprecedented level of international cooperation, which is changing the way we work.” read more

Postconflict Bougainvilles disarmament process is progressing well UN says

Under the supervision of the UN Observer Mission in Bougainville (UNOMB), the Bougainville Revolutionary Army (BRA) and the Bougainville Resistance Force (BRF) have destroyed 1,588 weapons, or 81 per cent of their arsenals, while five out of 10 Bougainville districts have completed the weapons disposal programme, Assistant Secretary-General for Political Affairs Danilo Türk said in an open briefing.In the area still controlled by former separatist leader Francis Ona, Me-ekamui (Holy Land), some progress had been made, but Mr. Ona continued to avoid dialogue with Bougainville’s leaders and the National Government, Mr. Türk said. The dominant force in Mr. Ona’s Me-ekamui Defence Force (MDF), the “A” Company, had completed the destruction of its weapons, but other MDF elements had not, he added.That position could impact the pace and timing of the weapons destruction programme, he said, but Mr. Ona’s influence was steadily declining.The Bougainville Interim Provincial Government had started preparations for the next steps in the electoral process for the Autonomous Bougainville Government (ABG), by establishing a Ministry for Peace and Autonomy, but the earliest possible time for the election would probably be the end of November or the beginning of December, Mr. Türk said.UNOMB’s mandate ends on 30 June and some speakers in the Council’s ensuing discussion argued in favour of extending it, while others suggested ending it then.A “natural exit point” for UNOMB would be after the elections, when the autonomous government would assume responsibility as the legitimate representative of the people of Bougainville, Papua New Guinea’s representative, Robert Aisi, told the Council. Video of the Council meeting [1hr 32mins] read more

UN tsunami appeal well funded but worlds other emergencies face huge shortfall

In presenting a mid-term review of what was originally a six-month $977 million flash appeal, UN Emergency Relief Coordinator Jan Egeland extended its duration to 12 months and increased the total to $1.087 billion, noting that in overall aid 92 governments had pledged $5.8 billion, with several billion more raised by private individuals and corporations.But despite this positive assessment of the immediate relief phase for the December tsunami, which killed more than 200,000 people and left up to 5 million more in need of basic services in a dozen countries, Mr. Egeland noted a growing frustration in the reconstruction phase, where houses have not been rebuilt and livelihoods restored.”We are not making as fast progress in recovery and reconstruction of livelihoods as the people would like to see,” he said. “What we have to avoid is a loss of momentum…We have to redouble our efforts in this period.”While most of the money pledged for the flash appeal is already in hand or firmly committed, this is not the case for the world’s other emergencies, excluding the appeal for Sudan, with the UN receiving only about nine per cent of what it has sought – $168 million out of $1.7 billion.”The money we ask for all of these other forgotten and neglected emergencies is one-fifth of what Europe spends on ice cream per year. It is two-and-a-half fighter jets,” Mr. Egeland said.”And it is a shame really that we are making so little progress on fundraising for forgotten and neglected emergencies, in Africa especially,” he added, referring to humanitarian crises in Burundi, the Central African Republic, Chad, Côte d’Ivoire, Eritrea, Guinea, the Republic of Congo, Somalia and West Africa. read more

SecretaryGeneral ends India visit with strong call for UN reform

In a lecture Mr. Annan delivered at the India International Centre in New Delhi, he strongly rebutted the suggestion that development, and the concerns of the developing world, did not receive much attention in the report “In Larger Freedom,” his comprehensive agenda for change at the UN. “On the contrary, development is the subject of the first and longest chapter in the report, which maps out a detailed and practical strategy for reaching the Millennium Development Goals (MDGs) by 2015,” he said, referring to the targets set at a UN summit in 2000 to tackle a host of socio-economic ills. The report contained important proposals on trade and debt relief, as well as a call for all developed countries to reach a target for increased development aid of 70 cents out of every $100 dollars of gross national income, he added. The Secretary-General said it would be preferable for UN Member States to agree on Security Council reform by consensus, but inability to reach consensus should not become an excuse for postponing action. Mr. Annan also participated in an exchange of questions and answers after his lecture, and then gave a press conference before leaving New Delhi. He is expected to be back in New York in time to attend tomorrow morning’s Security Council meeting on Lebanon and the implementation of resolution 1559, which calls for a full withdrawal of foreign forces from Lebanon. read more

Annan calls for collaborative effort to save worlds remaining great apes

“The great apes still have a chance, but their fate lies entirely in our hands,” he said in a message to the Intergovernmental Meeting on Great Apes and the Great Apes Survival Project (GRASP) organized by the UN Environment Programme (UNEP) and UN Education, Scientific and Cultural Organization (UNESCO) in Kinshasa, Democratic Republic of Congo (DRC). “This meeting represents an opportunity for the governments where great apes still exist to consolidate progress and chart a way forward,” he added. Mr. Annan noted that in the 23 countries, from West Africa to the island of Borneo, where the great apes still survive, their habitat has been largely reduced to isolated forest islands. The animals probably total no more than 400,000 now whereas 50 years ago they numbered at least 2 million. “Only by protecting these remaining forests can we ensure the great apes’ survival. None of these countries is rich. All are struggling to balance the development aspirations of their people with the need to ensure environmental sustainability,” he said.“Only by working together can governments, conservation organizations, businesses and communities mobilize the money, expertise and commitment needed to protect humankind’s closest relatives.” read more

UN childrens agency supports expanded tetanus immunization in Uganda

The United Nations Children’s Fund (UNICEF) has announced its support for an expanded campaign to immunize more than 850,000 girls and women of childbearing age in Uganda against the threat of tetanus, which poses grave risks to pregnant women and their babies.The immunizations, to be extended to nine additional, high-risk districts this month, are organized by the Ugandan Ministry of Health with the support of the World Health Organization (WHO), the UN Population Fund (UNFPA), and various non-governmental organizations (NGOs) as well as UNICEF.A total of 20 districts have been selected by the Ministry of Health to each undergo three rounds of maternal and neonatal tetanus vaccination campaigns, in order to attain coverage levels of 95 per cent or above, UNICEF said. The nine districts to be reached in this latest effort represent the final set in the national campaign.Tetanus threatens pregnant women and their babies because infection is often contracted through non-sterile cutting of the umbilical cord and passed on to the newborn child. Antibodies provided by the Tetanus Toxoid vaccine, given to the mother, protect newborn children for the first two months of life when they will usually be vaccinated themselves.In 2004, more than 700,000 girls and women of childbearing age were immunized with the tetanus vaccine in six high risk districts, following approximately 537,000 reached in five districts in 2003. Such campaigns since 2002 have led to the reduction in reported maternal and neonatal tetanus cases from over 300 to fewer than 50 cases. UNICEF assists the immunization campaigns through the provision of vaccines, training of health staff and mobilization of communities. read more

Annan names Jordan Ryan of US as deputy envoy to Liberia

United Nations Secretary-General Kofi Annan has appointed Jordan Ryan of the United States as his Deputy Special Representative for Recovery and Good Governance for Liberia starting next month. Mr. Ryan, who will also serve as the UN Resident Coordinator and Humanitarian Coordinator in Liberia, works now in Viet Nam as the UN Resident Coordinator. Prior to that appointment, Mr. Ryan served as the Director of the UNDP Office of the Administrator in New York from 1997 to 2001. Earlier in his career, Mr. Ryan held the positions of UNDP Deputy Resident Representative and Senior Assistant Resident Representative in Viet Nam. He was also the UNDP Assistant Resident Representative in China. Before joining the UN, Mr. Ryan worked as a consultant and as an attorney in New York and California. read more

Kosovo UN refugee agency remains concerned at persecution risk for minorities

“The fragile security environment and serious limitations these people face in exercising their fundamental human rights shows they should continue to be considered at risk of persecution and should continue to benefit from international protection in countries of asylum,” UN High Commissioner for Refugees (UNHCR) spokesman Ron Redmond told a news briefing in Geneva.“Return of these minorities should be strictly voluntary, based on fully informed individual decisions,” he added of UNHCR’s latest position paper aimed at guiding states and others making decisions about whether people from Kosovo should continue to receive international protection in an asylum country. The Ashkaelia and Egyptian Roma communities were taken off the list thanks to positive developments within the inter-ethnic environment, but the paper says their returns should still be approached in a phased manner due to the limited absorption capacity of Kosovo, where Albanians outnumber Serbs and others by 9 to 1.There are still more than 200,000 refugees and persons of concern to UNHCR from Kosovo in western European and other countries, with an equal number of internally displaced persons (IDPs) in Serbia, and some 18,000 persons of concern in neighbouring Montenegro.The report notes that although the overall security situation in Kosovo has progressively improved over the past year, it remains fragile and unpredictable. Minorities continue to suffer from ethnically motivated or criminal incidents. Many incidents remain unreported as the victims often fear reprisals from perpetrators. Serbs and Roma continue to face serious obstacles in accessing essential services in health, education, justice and public administration. Discrimination as well as low representation of minorities in the administrative structures further discourages minorities from exercising their basic rights. The UN has administered Kosovo ever since North Atlantic Treaty Alliance (NATO) forces drove out Yugoslav troops in 1999 amid grave rights abuses in ethnic fighting. Talks are now underway to determine its future status and the return of Serb refugees is seen as a crucial factor in reaching a decision. Independence and autonomy are among options that have been mentioned. Serbia rejects independence. read more

Conrad Black to return to Canada after release from Florida jail source

OTTAWA – Conrad Black will be allowed to return to Canada when he is freed from a Florida jail later this week, The Canadian Press has learned.A source has confirmed the disgraced media baron has been granted a one-year temporary resident permit by the Citizenship and Immigration department.The decision sparked a heated exchange Tuesday in the House of Commons over allegations of special treatment and double standards.“Matters such as this are a matter of personal privacy,” Citizenship and Immigration Minister Jason Kenney told NDP Leader Tom Mulcair in the Commons, to boos and heckling from the opposition benches. “I cannot comment on specific cases without a privacy waiver.”Nonetheless, Kenney went on to describe his department’s handling of Black’s application, which he said came in February.“Having said that, I can advise the House with respect to this individual, I indicated to my department that I would not have any involvement in an application from that individual, and that his application would be treated by highly trained, independent members of our public service,” said Kenney.The NDP leader raised the case of American Gary Freeman, who — despite four decades of quiet life in Canada where he has raised a family — has been denied a temporary resident permit because of 30-day sentence he served in Chicago in the 1960s.“It is a clear case of a double standard, one for an American black man from Chicago, another for a British white man coming out of federal penitentiary in Chicago,” said Mulcair, drawing cries of “shame!” from the government benches.Kenney accused the NDP of trying to politicize immigration issues.“We think the law should be consistently applied by independent, highly-trained public servants, not by political demagogues,” said the minister.Citing sources, the Globe and Mail reported Tuesday that the one-year temporary resident permit granted Black is valid from early this month, when Black is freed from jail in Florida, until May next year.It said Black paid a $200 fee on March 20 for the temporary resident permit.The Supreme Court of Canada made the need for the permit clear earlier this month when handing down a ruling on an unrelated libel case. The decision specified that Black could not re-enter the country without “the special permission of the Minister of Citizenship and Immigration even once he has finished serving his sentence.”Immigration lawyer Joel Sandaluk told The Canadian Press a temporary resident permit would be all the permission that’s required, adding Kenney would not have to weigh in personally.Bob Rae, the interim Liberal leader, said he had no objection to Black’s return to Canada, but noted that “the government, having exercised apparently its compassion towards Mr. Black, they now have to begin to apply the same standard to a number of other cases and situations.”“And so in a sense the federal government is now, if you like, hoisted by its own petard,” added Rae.Kenney later noted on Twitter that “immigration officers issued 6,541 temporary resident permits to overcome criminality (last year), 907 of which overcame serious criminality.”But Mulcair said the government needs to apply consistent standards, and if Freeman is ineligible to return because of a criminal record, so should be Black.“It’s quite clear that if you’re an insider, you get one set of treatment,” Mulcair said outside the Commons.“By the way, Minister Kenney’s never hesitated before to get involved in these files politically,” he added, citing a Federal Court ruling that slammed Kenney’s office over a refusal to permit rabble-rousing left-wing British politician George Galloway into Canada for a March 2009 speaking engagement.According to Justice Richard Mosley’s 2010 ruling, “the main reason why the respondents sought to prevent Mr. Galloway from entering Canada was that they disagreed with his political views.”Born in Montreal, Black gave up his Canadian citizenship in 2001 after being offered a peerage in Britain’s House of Lords, something then-prime minister Jean Chretien forbade him from accepting while he held a Canadian passport.He’s due for release Friday from a U.S. prison after serving a reduced sentence for fraud.Black’s controversial business dealings while at the helm of Hollinger’s global media empire netted him fraud and obstruction of justice convictions in 2007 and saw him spend several years in a Florida prison.Black has stated in previous media interviews that he hopes to return to Toronto, where he and wife Barbara Amiel still own a home.His memoir “A Matter of Principle” is one of three nominees for the 2012 National Business Book Award, and media reports suggest he plans to be in attendance when the winner is announced May 28. by The Canadian Press Posted May 1, 2012 7:03 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Conrad Black to return to Canada after release from Florida jail: source read more

Facebook debut as a public company fails to pop as stock closes

NEW YORK, N.Y. – In the hours before Facebook’s stock began trading on the Nasdaq Stock Market for the first time, CEO Mark Zuckerberg reminded the company’s 3,500 employees not to get caught up in the hoopla surrounding its long-awaited initial public offering.“Right now this all seems like a big deal,” Zuckerberg said before he pushed a button that rang Nasdaq’s opening bell from company headquarters at 1 Hacker Way in Menlo Park, California. “Going public is an important milestone in our history. But here’s the thing, our mission isn’t to be a public company. Our mission is to make the world more open and connected.”Facebook’s IPO, it turns out, wasn’t as big a deal as expected.One of the most anticipated IPOs in Wall Street history ended on a flat note Friday, with Facebook’s stock closing at $38.23, up 23 cents from Thursday night’s pricing.That means the company founded in 2004 in a Harvard dorm room has a market value of about $105 billion, more than Amazon.com, McDonald’s and Silicon Valley icons Hewlett-Packard and Cisco.It also gave 28-year-old Zuckerberg a stake worth $19,252,698,725.50.But for many seeking a big first-day pop in Facebook’s share price, the increase of six-tenths of one per cent was a letdown.“This is like kissing your sister,” said John Fitzgibbon, founder of IPO Scoop, a research firm. “With all the drumbeats and hype, I don’t think there’ll be barroom bragging tonight.”Added Nick Einhorn, an analyst with IPO advisory firm Renaissance Capital: “It wasn’t quite as exciting as it could have been. But I don’t think we should view it as a failure.”Indeed, the small jump in price could be seen as an indication that Facebook and the investment banks that arranged the IPO priced the stock in an appropriate range.It was also good for ordinary investors, who are mostly shut out from the IPO price and have to buy the stock in the open market on day one. They got a chance to buy all day at a price not much above $38.And it was good for early investors in the company, who owned more than half the 421 million shares made available in the IPO. Had the stock shot to $60 Friday morning, those early investors would have felt they hadn’t gotten enough money for their stakes.The 421 million shares that were sold fetched $16 billion and represented 15 per cent of the company’s stock. Facebook got $7 billion, and the early investors $9 billion. The other 85 per cent of Facebook’s stock is owned by Zuckerberg and other Facebook executives, employees and early investors. In comparison, Google offered just 7.2 per cent of its stock when it went public in 2004. Its stock rose 18 per cent on day one.Here was Facebook’s “timeline” Friday, trading under the symbol “FB” on the Nasdaq Stock Market:The stock opened at 11:30 a.m. at $42.05, but soon dipped to $38.01. It briefly traded as high as $45 and by noon was at $40.40. It fluttered throughout the afternoon and hugged the $38 mark for much of the final hour, before closing at $38.23.By the end of the day, about 570 million shares had changed hands, a huge trading volume for any company.TD Ameritrade reported that in the first 45 minutes of trading, Facebook accounted for a record 24 per cent of trades executed by its customers.By comparison, on its first day back on the stock market, in November 2010, General Motors represented 7 per cent of trades on the online brokerage.Steve Quirk, who oversees trading strategy at TD Ameritrade, said that about 60,000 orders were lined up before Facebook opened.Technical glitches delayed the start of Facebook’s trading by a half-hour. The Securities and Exchange Commission also is investigating problems traders encountered in changing and cancelling their orders.Other social media companies, most of which have gone public in the last year, saw their shares plummet when it became clear what kind of reception Facebook was getting in the public market. Shares of game-maker Zynga Inc. and reviews site Yelp Inc. both hit all-time lows.The stock market will now begin assigning a dollar value to Facebook based primarily on its financial performance. If Facebook can continue to increase its revenue and profit at the rate it has the past few years, the stock should rise. Google reported strong earnings after it became a public company, and its stock price more than tripled the first year, from $85 to $280.Facebook’s stock price will also depend somewhat on broad economic forces, as well as the whims of investors.Facebook is one of those rare companies whose IPO transcends Wall Street’s money lust. Since its start as a scrappy network for college students, Facebook has come to define social networking by getting its 900 million users around the world to share everything from photos of their pets to their deepest thoughts.Most tech companies going public want a big rise in their debut to show they’re “strong, dynamic companies standing out in the crowd,” said Francis Gaskins, president of researcher IPOdesktop, but Facebook already has that image, and so may not care.Few of the Internet companies to go public recently have been profitable. But Facebook had net income of $205 million in the first three months of 2012, on revenue of $1.06 billion. In 2011, it earned $1 billion on revenue of $3.7 billion, up from earnings of $606 million and revenue of $2 billion a year earlier.That’s a far cry from 2007, when it posted a net loss of $138 million and had revenue of $153 million. The company makes most of its money from advertising. It also takes a cut from the money people spend on virtual items in Facebook games such as “FarmVille.”Facebook’s public debut marked a milestone in the history of the Internet. In 1995, Netscape Communications’ IPO gave people their first chance to invest in a company whose graphical Web browser made the Internet more engaging and easier to navigate. Its hotly anticipated IPO lit the fuse that ignited the dot-com boom. That explosion of entrepreneurial activity and investment culminated five years later in a devastating bust that obliterated the notion that the Internet had hatched a “new economy.”It took Google Inc.’s IPO in 2004 to prove that an Internet company with a revolutionary idea could be profitable. In the process, the Internet search leader is forcing other industries to adapt to a new order where people have come to expect to be able to find just about anything they want by entering a few words into a box on any device with an Internet connection.Facebook’s IPO almost certainly will enrich other up-and-coming entrepreneurs as Zuckerberg uses the company’s cash and stock to buy other startups in an effort to bring in other talented engineers and promising technology. That’s what Google has been doing for years. Since it went public in 2004, Google has spent $10.2 billion buying nearly 200 other companies. Those figures don’t include Google’s pending $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings Inc., which is still awaiting regulatory approval in China.Zuckerberg’s biggest deal so far came when he agreed to buy Instagram, a maker of a popular mobile app for photos, for $1 billion in April. Because most of the deal is being paid for in stock, Instagram is already getting richer. Based on Facebook’s current share price, Instagram is in line to receive about $1.2 billion.Friday’s debut, though, resulted in deals worth much less.Alper Aydinoglu, a DePaul University student who got 50 shares via Etrade at $38, said he was “disappointed with the first day of trading.”His gain on paper: $11.50, but that was before Etrade’s standard commission of $9.99.Aydinoglu still called it an excellent learning opportunity.“On top of everything, I now have the bragging rights that I participated in one of the most popular IPOs of all time.”___AP Technology Writers Michael Liedtke in San Francisco and Peter Svensson in New York, Associated Press Writer Marcus Wohlsen in Menlo Park, Calif., and AP Business Writers Bernard Condon, Pallavi Gogoi and Joseph Pisani in New York contributed to this story. Facebook debut as a public company fails to pop as stock closes nearly flat by News Staff Posted May 19, 2012 4:29 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more