Wednesday, April 18, 2007

Bell Canada Enterprises (BCE), one of Canada’s largest telecommunications companies, announced Tuesday that it is in talks with a consortium of Canadian pension funds to explore the possible sale of the company.

If successful in their bid, the consortium would take the publicly-traded company private, which would mean an end to the trading of BCE shares on the Toronto (TSX: BCE), New York (NYSE: BCE) and the Swiss (SWX: BCE) stock exchanges. BCE is one of the most widely held stocks in Canada.

BCE revealed that the potential takeover group includes the Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec, and Canada’s Public Sector Pension Investment Board. Each of the pension funds involved have signed non-disclosure and standstill agreements with BCE. It was also revealed that New York-based private equity firm Kohlberg Kravis Roberts (KKR) would join the Canadian-led consortium as a minority partner.

“We are pleased to be a partner with this consortium of leading Canadian institutional fund managers and look forward to working closely together in this transaction.” said Henry Kravis, co-founding member of KKR. “Our experience in large, complex transactions of comparable size will be of significant value to this process,” continued Kravis.

BCE is also leaving the door open to rival bids, “taking into consideration the need to meet all legislative and regulatory requirements, including ensuring the Company remains Canadian to meet existing foreign ownership restrictions,” the company stated. In addition, BCE may retain the status quo if it does not receive a bid that it feels would enhance shareholder value.

One other pension fund that has expressed interest is the Ontario Teachers’ Pension Plan (OTPP). “We are pleased that this process is not exclusive and we will continue to review our options, including leading an alternative Canadian consortium,” said Jim Leech, Senior Vice-President, Teachers’ Private Capital. OTPP is currently BCE’s largest single shareholder, with an approximate ownership stake of 5.3 percent.

BCE, as Bell Canada, has been in business for 127 years. It provides phone service, satellite television, Internet access, wireless services, and other technologies to residential and business customers.

If analyst estimates are accurate, the sale of BCE could be worth about CA$32 billion or roughly $40 per share. On Tuesday, BCE shares were up CA$2.34 to close at $38.60 on the TSX, and up US$2.03 to close at $34.10 on the NYSE.

Friday, July 22, 2005

A small single-engine ultralight aircraft has crashed on a lawn between the Reichstag building, the seat of the German parliament, and the Bundeskanzleramt, the seat of the chancellor, in Berlin. The aircraft crashed at approximately 2000CET. Amateur footage aired by the ARD shows the plane rapidly descending before crashing on the lawn and bursting into flames. Witnesses at the scene were inconclusive about the heading of the plane. Some stated that it was targeting the Reichstag while others said that the pilot tried to steer away from it. He was killed in the crash. People near the scene attempted to fight the fire with hand-held extinguishers, however the aircraft was mostly destroyed by the time the emergency services arrived.

The German authorities have ruled out terrorism. Police are saying that the pilot’s wife has been missing since Monday and they had suspected that he might have something to do with the disappearance. It is possible that he might have committed suicide to avoid prosecution.

Tuesday, July 3, 2007

New currency notes are being introduced in Ghana today. The new currency, to be called the Ghanaian cedi, replaces the previous cedi which has been in circulation since 17 February, 1967.

The Ghanaian cedi will be exchanged at 10,000 old cedis to one new Ghanaian cedi. The exchange rate against the U.S. dollar starts at GH¢0.92 to one U.S. dollar. The new ISO code for the currency is GHS, and the new symbol, GH¢.

The change, which was originally scheduled by the Bank of Ghana to start on July 1, 2007, will instead start on Tuesday July 3, as the original date is Ghana’s Republic Day.

Monday, July 2, was declared a public holiday as the actual Republic Day fell on a Sunday. July 3, is thus the first day that the currency will be available to the public as banks open to the general public. This is because ATMs were shut down over the weekend so that the currencies could be checked and replaced in all of them nationwide. The old and new currencies will be used concurrently until the end of December 2007, when the old currency will cease to be legal tender.

This is the third Ghanaian cedi to be introduced in the country since 1965.

Sunday, April 24, 2011

An EF4 tornado struck near St. Louis, Missouri Friday night, forcing the closure of Lambert-St. Louis International Airport and damaging over 2,700 buildings in St. Louis County. The National Weather Service also confirmed that an EF1 tornado touched down in neighboring St. Charles County and an EF2 touched down in Pontoon Beach, Illinois.

The city of Bridgeton, in North St. Louis County, was hit by the EF4 tornado. According to the National Weather Service, it was the most powerful tornado to touch down in the St. Louis region since 1967, with winds ranging from 166 and 200 miles (267 and 322 kilometres) per hour. Aftereffects of that tornado were also reported in Maryland Heights, Missouri.

One official estimated that anywhere from 50 to 200 homes in the Maryland Heights and Bridgeton areas incurred damage, but early numbers released by St. Louis County indicate that over 2,000 buildings in those two cities had suffered “noticeable damage,” which does not include minor damage. Around 30,000 people in the region did not have power Saturday, out of a total of 47,000 affected residents.

Authorities with search and rescue dogs went door-to-door Saturday, looking for possibly trapped residents. Aerial imagery was being used in damage assessment. Area residents unaffected by the tornado were assisting those that lost their homes, reported St. Louis television station KSDK.

The Harmann Estates neighborhood of Bridgeton was heavily damaged during the storm, with many residences losing roofs and siding. Officials have already condemned some of the subdivision’s homes. St. Louis County Executive Charlie Dooley reported 25 homes in Bridgeton and Berkeley, Missouri as being completely destroyed and an additional 35 as uninhabitable.

Granite City, Illinois was struck by the EF2 tornado, while New Melle, Missouri was hit by the EF1. Fourteen New Melle homes sustained minor damage, while four were heavily damaged.

The storm also caused the temporary shutdown of two major St. Louis highways. Portions of Interstate 70 and Interstate 270 were closed Friday night due to fallen power lines and storm debris. Both blocked sections have since reopened, but officials said it would take a few days to remove all the debris, which they pushed onto the roadsides.

Lambert-St. Louis International Airport, which is immediately west of Berkeley, suffered heavy damage Friday night from the same tornado, and was forced to halt all regular operations Saturday while crews worked to clear the affected terminals. Eight flights had been forced to land in Kansas City, Missouri Friday night due to the tornado. About 500 people were in Lambert Airport when the tornado hit. A Federal Aviation Administration (FAA) spokesperson said other US airports were not affected by Lambert’s shutdown. Lambert is not an airline hub and is significantly less busy than it was ten years ago.

In a Saturday press conference, Rhonda Hamm-Niebruegge, Lambert’s director, said the airfield and Terminal 2 were “fully functional,” but the main terminal’s Concourse C had been severely impacted by the storm. That terminal, which sustained the heaviest damage, serves Air Tran, American Airlines, Cape Air, and Frontier Airlines. The total cost of repairs at Lambert is expected to be in the millions of dollars, but Hamm-Niebruegge said the airport does not yet have a good estimate.

One passenger of a waiting plane at Lambert told KSDK that heavy winds pushed the aircraft about 20 feet (6.1 metres) while it was still attached to the gate. Two other planes on the tarmac were unable to return to the airport, so passengers were bused back. Five planes—four operated by American and one by Southwest Airlines—suffered damage, and some will undergo major repairs.

Some travelers inside the airport received medical attention for minor injuries caused by flying glass. A handful of people were transported to a local hospital for additional treatment, but all were later released. “We get to the terminal and lights were out, glass everywhere, blood everywhere from people had been cut,” recalled one witness. Another person at the airport reported, “The ceiling was falling. The glass was hitting us in the face. Hail and rain were coming in. The wind was blowing debris all over the place. It was like being in a horror movie. Grown men were crying.”

On Saturday, it was evident that Concourse C would not be open for some time, said Mayor of St. Louis Francis Slay. A large section of its roof was missing and around half of its windows had been blown out by the high winds. Debris and water from the storm were present inside the airport as crews worked to restore power and assess damage to the terminal. Missing windows had been boarded up, ruined carpet had been removed, and the control tower was functional by Saturday afternoon. The power was back on by 7:40 p.m. CDT (00:40 UTC) that evening.

The airport resumed outgoing flight services Sunday, although several incoming flights landed at Lambert Saturday evening. Slay said the airport will be running at 70 percent capacity until mid-week, depending on the availability of airline crew members and planes. Airlines using Concourse C will have their operations temporarily relocated, he added. On Sunday, Southwest was operating at normal capacity, while AirTran moved to Concourse B and canceled four of its eleven scheduled flights. A spokesperson for American said the airline would have planes ready for normal Monday operations. American had previously canceled all St. Louis flights scheduled for Sunday.

On Saturday afternoon, Missouri Governor Jay Nixon arrived at Lambert and visited areas devastated by the tornado. He originally planned to tour Maryland Heights, Bridgeton, and Berkeley, but Nixon was only able to tour Berkeley due to an approaching line of storms. While in St. Louis, the governor said 750 Missouri homes had been damaged by Friday’s tornadoes and that federal assistance was forthcoming. Nixon reported that the Federal Emergency Management Agency (FEMA) was involved in assessing storm damage, as well as that US President Barack Obama had already contacted him, promising relief funds. US Representative Lacy Clay, said Saturday that he would brief Obama on the situation.

The state declared the affected areas of St. Louis County a disaster area. No one has reported serious injuries or deaths as a result of the storm, although some people were treated for minor injuries. “It was horrific and for that much damage to been done, to have no loss of life, is truly a blessing,” Slay said.

Friday, March 31, 2006Heavy rains have hit the main Hawaiian Islands for nearly six weeks, contributing to flooding in many places in the islands: a deadly dam break in northern Kauai, a sewage spill in Honolulu’s Waikiki district, and record rainfall totals in many areas of the state.

A series of upper-level storm systems have formed northwest of the island of Kauai, drawing tropical moisture from the south over Hawaii and forming areas of heavy rain and thunderstorms.

The island of Kauai, on which an earthen dam broke on March 7 killing seven people, has been hardest hit. Mount Waialeale, in the center of the island, has received 90 inches of rain during the month of March and 126.69 inches since the weather pattern began on February 19. 34.31 inches of rain had fallen at Lihue airport, the most rain in a single month since records started in 1950.

Tourism officials are concerned about the long-term effect that the heavy rains may have on tourism, and they expect to launch a marketing campaign once the weather improves.

The entire state remains under a flash flood watch until at least Saturday. Weather forecasters expect a return to normal weather patterns early next week.

Wednesday, August 5, 2009

Environmentalists in Brazil are urging the country’s residents to urinate in the shower while washing themselves, to help conserve water and save the rainforest. Television ads being aired in the country claim that by doing so, the nation could save over 1,000 gallons of water per household each year.

SOS Mata Atlantica ran the ad campaign in an attempt to use comedy to get people to reduce the amount of water they use. “[The ad is] a way to be playful about a serious subject,” said Adriana Kfouri, a spokesperson for Atlantica.

The animated ad narrated by children shows people, including a trapeze artist, an alien and dancers, all taking a shower while at the same time, urinating in it. The ending of the ad then states, “Pee in the shower! Save the Atlantic rainforest!”

Ken Livingstone, former mayor of London, England, proposed a similar campaign in 2006. He said urine should be classified as a “green waste” and that “there is no earthly reason that you need to flush the loo if you have merely urinated. That’s a huge saving of water.”

Thursday, May 21, 2009

On Tuesday, Minnesota’s Brown County District Judge John Rodenberg ordered chemotherapy for Daniel Hauser. He also issued the felony warrant for the arrest of Colleen Hauser, Daniel’s mother. The judge said Daniel should be cared for in a foster home because the parents, Colleen and Anthony Hauser, medically neglected their son by refusing chemotherapy after only one treatment.

Sheriff Rich Hoffman said that there was a country-wide search across America for Colleen Hauser and her thirteen-year-old son Daniel who has Hodgkin’s lymphoma after the pair fled a court order for chemotherapy.

The father, Anthony Hauser, told the press on Wednesday that mother and son left their home near Sleepy Eye without telling him where they were going. He also has not heard from them.

“If he’s being cared for, and it’s going to help him, I think it’s going to be a good thing,” Anthony Hauser said.

On Monday, an x-ray showed that the tumor is growing. The mother had been treating the cancer with herbal supplements, vitamins, ionized water and other natural alternatives from an internet regime. Colleen wanted to follow the native American Indian healing practices of the Nemenhah Band.

“He had basically gotten back all the trouble he had in January,” said James Joyce, the family doctor.

The court proceedings revealed that Hodgkin’s lymphoma is 90% curable with chemotherapy and radiation.

“I know people around here who’ve had chemo twice and they’re great. And I’m not saying alternative medicine is going to cure you every time.” said Anthony Hauser who appeared Tuesday in court by himself.

“Running away when there is a court order is not the way to handle it. Go home. That’s the official position of the church. Go home Colleen,” said Chief Medicine Man Phillip “Cloudpiler” Landis of the Nemenhah Band, “it can’t be good for Daniel’s health.”

Landis claims to have previously cured his own cancer by administering himself with the Chaga Mushroom. He feels that Colleen and Daniel have taken it upon themselves without approval of the court to seek advice of an Oncologist in Mexico.

Billy Best, a man who fled chemotherapy as a teenager in 1994 and claims to have cured his cancer with natural remedies, supports the Hausers’ decision.

“I just want to help this kid. I just feel like people are ganging up on him and it’s not fair. He’s a nice kid, the family’s nice, and they love him, and they want him to live,” Best said.

The police alert sent around the country said that Colleen and Daniel Hauser might be with Billy Best.

Saturday, December 17, 2005The leaders of the European Union have struck a deal on the 2007-2013 budget. Negotiations were characterized by host country’s Prime Minister Tony Blair as “extraordinarily complicated”.

The biggest issues were different views between France, the UK and rest of the EU. UK wanted to keep it’s high membership discount, negotiated before economic growth made it one of the richest members, while other members wanted it to participate with relatively equal net payment. France’s primary issue was maintaining farming subsidies. Rest of the Europe was mostly interested in modernizing European economy by decreasing both UK’s discounts and France’s subsidies. Germany appeared as a pulling force between France and UK to secure the deal.

France continues to receive it’s highly criticized subsidies. The UK gave up 10.5 billion euros in exchange for a review of farm subsidies in 2008-2009, but the net membership discount will actually increase. Small member states such as Sweden increased their role as largest net payers in relative to output.

Key features in the reached deal:

• Total budget will be 862.36 billion euros, equaling to 1.045% of the EU’s total GDP
• Development aid will be 157 billion euros
• Farm budget will be 293 billion euros

Most see the resulted budget as a poor comproromise, but necessarily for the state of union and financial planning in the new member states.

Monday, June 25, 2018

On Saturday, the plastic ban in the Indian state of Maharashtra came into force. In an attempt to minimise pollution, the state government has introduced a ban on single-use plastics.

The leader of the Yuya Sena political party, Aaditya Thackeray, said on Twitter, “The ban on single use disposable plastic cups, plastic bags, plastic straws, plastic plates and cutlery, styrofoam cutlery and non woven bags”. He added, “these are global issues now and we have taken a step to combat it”.

Plastic pollution has led to the choking of drains, marine pollution and a risk of animals consuming plastics. This year, India’s motto for World Environment Day — June 5 — was “Beat Plastic Pollution”. People violating the plastic ban are to face a fine of 5,000 Indian Rupees (INR) for the first offence. For the second offence, the fine is INR 10,000 and the third time offence is INR 25,000 and a three-month prison term. Deputy municipal commissioner Nidhi Choudhary said, “To weed out corruption, we plan to give inspectors payment gadgets for electronic receipts of the fines”.

The Maharashtra government has given a 90-day period for manufacturers to dispose of existing polyethylene terephthalate (PET/PETE) plastic spoons and plates, while shopkeepers and citizens in general have six months to dispose of plastics. However, the ban does not prohibit plastic usage for wrapping medicines or milk cartons thicker than 50 microns.

The state government had announced the decision for the plastic ban on March 23. According to NDTV’s report, Maharashtra is the eighteenth Indian state to enforce a state-wide plastic ban. Aaditya Thackeray also said, “I congratulate the citizens for making this into a movement, even before the ban was enforceable, giving up single use disposable plastic.”

Wednesday, September 26, 2007

Microsoft Global announced that Xbox 360 first-person shooter Halo 3 launched world-wide during September 25 to 27. This launch of Halo 3 focuses on strategy, shooting, co-operating, and global linking between different languages.

In the United States, more than 10,000 retailers opened their stores at midnight on September 25. They provided a Halo 3 painted car as a grand prize. Gamers lined up for hours in excitement for the long awaited game to come out.

Shane Kim (Director of Microsoft Games Studio) awarded the first gamer who lined up for the launch at the Best Buy store in New York City, taking pictures with Jim Cush who dressed as “Master Chief”, and remarked that other 37 countries will play this game with different languages except English, with the sales of 10 million game copies.

In Taiwan, after Microsoft’s local division separately invited Taiwanese Band “Mayday” last Sunday (September 16) and SBL Yulon Dinosaur Team Players (Hsueh-lin Li and Chih-chung Chen) 4 days ago (September 22) at the “Halo 3 Pre-launch Carnival” in Taiwan, the company invited famous model Ruru Lin from Catwalk Co., Ltd. for the launch, and held a friendship match with 4 players who lined up from first place to fourth place.

Meanwhile, Microsoft Hong Kong held a “Halo 3: Ultimate Collection Exhibition” launch activity to show the Halo series figures, posters, game packs, and history. The first Chinese version of “Halo 3: Midnight Ultimate Madness” was published prior to Taiwan’s and USA’s release, at the Grand Century Place in Mong Kok, Kowloon in Hong Kong.