Ash K. Gilpin

China YouTV Corp. (OTCBB: CYTV), a publicly traded company recently entered into the growing video sharing web site business in China announced that it has signed a Letter of Intent with HuaJu Network, a Chinese Internet Video Sharing Company, to form a Joint Venture in China.

Mr. Gao, the President of China YouTV said, “Through this Joint Venture, we hope the new project could generate more returns to all the shareholders, and also, the new joint venture company could become the Chinese YouTube in China’s video sharing industry.”

YouTube (www.YouTube.com) is the leader in online video, and the premier destination to watch and share original videos worldwide through a Web experience. In November 2006, within a year of its launch, YouTube was purchased by Google Inc. for $1.76 billion.

You can check out the site out at www.chinayoutv.com or visit www.cnboo.com.

 
Photo by Donna Barnett

A cargo container that apparently fell from a ship washed up on the Outer Banks of North Carolina today and spilled thousands of bags of Doritos brand tortilla chips on the beach. Scavengers collected the chips, which were apparently still fresh due to their airtight packaging. It was unknown which ship had lost the cargo or to what port it was bound.

 
Photo by Barbara Satterthwaite

The cargo container apparently fell off a ship at sea and broke open.