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<div class=Indonesian parliament approves privatising of three major state firms
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Indonesian parliament approves privatising of three major state firms

Posted on by Admin

Saturday, September 20, 2008

The parliament of Indonesia has approved government plans to make an Initial Public Offering (IPO) of shares in three major state-owned firms, privatising them. They are steelmaker Krakatau Steel, Bank Tabungan Negara (BTN) and national flag carrier Garuda Indonesia.

The parliament has left the process fully in the hands of the government, and has set the maximum stake to be sold at 30% for BTN and Krakatau, and 40% for Garuda. Although Indonesia has been known to fund budget deficits with privatisation, the intention is for the funds from this scheme to go to the businesses themselves to allow expansion.

Krakatau expects 3.2 trillion Rupiah (IDR) from the sale, while the estimated price for their stock is between IDR3 and IDR4 trillion (321 – 428 million USD). Both ArcelorMittal SA, the biggest steelmaker in the world, and BlueScope Steel Ltd, the largest in Australia, have expressed an interest in the IPO. Krakatau will use the funds to help finance an expansion scheme which aims to have production doubled to five million tonnes in 2011.

BTN, which focuses on home owner loans, has set itself a target income of IDR36.12 trillion (3.86 billion USD) in 2010 compared to a projected IDR22.9 trillion ( 2.45 billion USD) this year. Net profit for this year is projected at IDR472 billion (50.5 million USD)and is hoped to rise to IDR1.39 trillion (148.7 million USD) in 2010. The bank’s loan to deposit ratio is predicted to rise from 105.05% this year to 144.93% in 2012. BTN hopes to conduct its IPO before the end of 2008.

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Garuda is not quite 100% state-owned to start with, unlike the other two, but is very close with 95.44% of the company belonging to the government. Like all of Indonesia’s 51 airlines, Garuda is on the list of air carriers banned in the EU due to safety concerns raised after a string of air accidents in the nation. Garuda expects to raise IDR4.2 trillion (449.4 million USD) in funds from the IPO, and will use IDR2.5 trillion (267.5 million USD) to pay off its debts and invest IDR1.7 trillion (181.9 million USD) in new aircraft.

The government is still working to get a deal to make IPOs for architectural firm Yodya Karya and three plantation firms called Perkebunan Nusantara III, IV and VII.

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<div class=AIDS Conference: Clinton and Gates defend Bush program
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AIDS Conference: Clinton and Gates defend Bush program

Posted on by Admin

Tuesday, August 15, 2006

On Tuesday, at the XVI International AIDS Conference in Toronto, Canada, both former President Bill Clinton and Microsoft founder/chairman Bill Gates defended President George W. Bush and his Adminstation‘s PEPFAR program.

Clinton said that the United States is spending more to fight HIV than any other government. He did criticize the program, saying that 33% of PEPFAR funds are dedicated to abstinence-only programs. Clinton said he does not believe that abstinence-only programs work. Also, he spoke out against a US law that requires organizations that apply for PEPFAR funds to pledge to oppose prostitution.

“I wish they would just amend the law and say ‘we disapprove of prostitution but here’s the money – go save lives’,” said Clinton.

“The President’s Emergency Plan for AIDS Relief has done a great deal of good, and President Bush and his team deserve a lot of credit for it,” Gates said.

PEPFAR, which Bush unveiled in 2003, is to spend $15 billion over five years in 15 target countries. It provides medicine to HIV patients, distributes condoms and funds programs run by many aid groups. It is the largest international health initiative in history initiated by one nation to address a single disease.

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Use Waste Bins In Your Kitchen And Keep Them Clean

Use Waste Bins In Your Kitchen And Keep Them Clean

Posted on by Admin

Use Waste Bins in Your Kitchen and Keep Them Clean

by

Mike Nicholson

We do so much work in our kitchens and to be specific, women toil a lot in the kitchens day in and day out. From cutting the vegetables, or preparing coffee women, no doubt are the real players.

Now, there is no uncertainty that a lot of trash form in our kitchens too, and so, it is necessary to have kitchen waste bins in the galley too. Any regular plastic dustbin won t be enough as it becomes quite grayish in no time; so always choose quality ones.

Once you throng the market, you ll actually be carried away and appreciate the fresh and exciting variety of eye-grabbing still reasonable range of rubbish bins. You only have to spend for the bin which gels with your need the best. There are some companies that offer a range of bins like kitchen bins and medical waste bins etc.

[youtube]http://www.youtube.com/watch?v=AFdvDgBTqz8[/youtube]

I don t realize why kitchen waste bins must only be scruffy visions placed in the outer angles of the house? Why can t we get some more creative while selecting a waste vessel for the kitchen? Don t you think we must have home dustbins which enhance the attractiveness of the sculleries? A decent-quality bin is not going to charge us a huge amount; it may be just a little pricier than those regular, good-for-nothing waste bins in the resident shop. Try examining a few of them online?

The intelligent people are so correct when they say that human-beings incline to identify the significance of a thing only when they don t have it with them; try spending a day in a kitchenette in the absence of a bin and see how it feels. You will soon realize that no matter how irrelevant they may appear, but in reality they are, and will always remain an indispensable slice of a galley.

Now, take a break from reading this piece for a minute, and go inside your scullery i.e. (if you are in your home); examine whether you have a waste container in your kitchen or not; if you don t have one yet, it s the perfect moment for you to acquire one. Purchase a superior-quality waste bin and display to your house and your kitchenette that you care for their maintenance.

Once you select your litterbin from the variety of all new scullery waste and medical waste bins, do one more thing; just make sure that from now on all the garbage of your kitchen will be dumped in that garbage bin and ensure that your cooking area remains clean all the time.

Frontier Polymers is one of the most-respected

Kitchen Waste Bins

manufacturers in the India; it offers a truly mesmerizing range of

Medical Waste Bins

for domestic as well as commercial usage. Visit us at http://www.frontierpolymers.com/water-storage-tank.html for more information.

Article Source:

ArticleRich.com

<div class=Turkey mourns flotilla dead
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Turkey mourns flotilla dead

Posted on by Admin

Friday, June 4, 2010

Funerals and prayers for nine activists, who died in Israel’s Gaza flotilla raid, were held in Istanbul on Thursday.

Tens of thousands attended the funeral of the nine Turkish nationals, including one teen of dual U.S.-Turkish citizenship. The coffins were draped in Turkish and Palestinian flags. There was widespread anger from those attending. Released activists arrived to their home countries yesterday and today.

The Turkish President Abdullah Gül said that Turkey would act calmly and said;

Turkey will never forget such an attack on its ships and its people in international waters. The relations between Israel and Turkey will never be the same again, unless Israel apologises.

The youngest of the nine activists killed, a 19-year-old high school student Furkan Dogan, was shot in the head and chest. He was born in Troy New York, but moved to Turkey when he was two. He will be buried in his family’s hometown of Kayseri in central Turkey on Friday. A United States State Department spokesman said it would probe the death of the Turkish-American killed, but said the FBI were not involved “at this point.”

Israeli PM Benjamin Netanyahu insisted that soldiers were acting in self-defence. He said the activists were not peace activists but “violent supporters of terrorism”. Israel has stated that of the 7 soldiers wounded during the assault, 2 were shot with weapons wrestled from Israeli forces. But Swedish activist Mattias Gardell scoffed at such statements, replying, “the Israelis started shooting first. We had no weapons, the Israelis had weapons”.

Abdullah Gül said Israel committed “one of the biggest mistakes ever in its history,” and the Turkish Prime Minister Recep Tayyip Erdo?an called Israel’s actions “a historic mistake.” The leader of the Islamic charity IHH spoke to the crowd, saying, “The whole world supports us. We will shake the foundations of Zionism”.

The activists had attempted to break the Israeli blockade of Gaza. The Irish ship MV Rachel Corrie arriving some time this weekend, will be the next ship to challenge the blockade.

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<div class=Three die in Cornwall, UK caravan park of suspected carbon monoxide poisoning
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Three die in Cornwall, UK caravan park of suspected carbon monoxide poisoning

Posted on by Admin

Monday, February 25, 2013

Carbon monoxide poisoning is thought to have been the cause of the deaths of three people and one Jack Russell dog in a caravan park in Cornwall in South West England. Cornwall Fire and Rescue Service (CFRS) were alerted to the incident in Tremarle Home Park in the town of Camborne at 12:56 UTC on Saturday.

We have seen a big increase in the number of carbon monoxide incidents in Cornwall over recent years

Inspector David Eldridge said Devon and Cornwall Police were alerted to the caravan park incident after “a helper had been unable to get a reply from an elderly couple who lived in the caravan”. He said that upon their arrival, “We were able to see that there was a figure sat in a chair but they were unresponsive to knocks at the door.” CFRS workers called to the area “forced entry into the property and found that the three occupants were all dead”, Inspector Eldridge said. A hazardous material advisor was also present at the scene in North Roskear. The Health and Safety Executive is now investigating the incident but the deaths are not considered as being of a suspicious nature.

The three fatalities have been identified as Audrey Cook, aged 86, her husband Alfred, aged 90, and Maureen, their 46-year-old daughter. David Biggs, a member of Camborne Town Council, said the incident came as “a shock” to him; Tremarle Home Park is “a well established facility and is very well run”, according to him. Biggs described the loss of three lives as an “appalling tragedy”.

The incident came five days after Cornwall Council announced its Family Placement Service would launch a joint venture with Cornwall Fire and Rescue Service to place carbon monoxide detectors in the houses of foster carers. The programme, entitled ‘Be Gas Safe’, has seen 200 carbon monoxide detectors and 2000 leaflets to raise awareness about carbon monoxide being given to CFRS. Mark Blatchford, Group Manager of CFRS, said: “We have seen a big increase in the number of carbon monoxide incidents in Cornwall over recent years”. He described carbon monoxide detectors as being “as important as a smoke alarm as it provides a valuable early warning”.

Carbon monoxide is a poisonous, colourless, tasteless and odourless gas which is created when such carbon-based fuels as oil, gas, coal and wood are not completely incinerated. The human body’s capacity to hold oxygen in the blood can be reduced by inhalation of the gas, which in turn may cause death. The Gas Safe Register has said dizziness, headaches, queasiness, lack of ability to breathe, fainting and losing consciousness are all symptoms of a person experiencing carbon monoxide poisoning.

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<div class=NATO oil tanker torched in Pakistan
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NATO oil tanker torched in Pakistan

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Wednesday, February 3, 2010

Militants in north-west Pakistan blew up a fuel tanker carrying supplies to NATO forces in Afghanistan on Monday. More than ten armed men shot at the tanker and fired a rocket at the vehicle outside Peshawar city, and the driver and a passenger were injured in the attack, although no loss of life is reported.

Head of the north-western city’s administration, Sahibzada Anees, said “About ten armed people fired at a tanker carrying petrol for NATO forces and later lobbed a rocket at the vehicle, which set alight some 78,000 litres (17,000 gallons) of fuel”.

According to witnesses, the tanker was quickly in flames. The residents of the areas were successfully rescued by police and fire fighters and the blaze was brought under control. Police have launched a search operation in nearby areas, although with no success.

Nobody has yet claimed responsibility for the attack. Oil tankers and trucks bringing goods from port city of Karachi for allied forces battling the Taliban in Afghanistan have been regularly attacked. About 80% of supplies destined for the more than 113 thousand NATO troops in Afghanistan have to pass through Pakistan. The coalition forces bring 70% of supplies through Pakistan every month, from a total of two thousand truckloads.

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Investment In Dubai Real Estate

Investment In Dubai Real Estate

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Investment in Dubai Real Estate

by

Helaine Bakst

A good place to invest is not always the one that gives you highest return on investment in favorable times , not the one which promises to keep you growing with it without any framework to do the same, it is one that is robust to external factors and has enough resource planning and skillful thinking to maintain its backbone even in the deadliest of the storms and takes you up the ladder in better times without letting you fall from it in darker days. The recession of 2008-2009 saw most of the economies of the world falter like a tower of cards devastated by a gust of wind.

The economy of Dubai too did shake , but it had enough in it to fight back the recession and come up with alternate economies to help the city survive the much dreaded recession. There were reports that the recession hit the city so bad that the prices of real estate dropped by nearly 50 percent and there were hilarious yet scary instances of people evading their villa, disowning their Porshe\’s , Landrovers and fleeing Dubai as they were afraid to pay the loans they had taken to support their luxurious lifestyles.

[youtube]http://www.youtube.com/watch?v=-uFLJQflLpk[/youtube]

But the government had backup plans, when real estate crashed they relied on tourism ,which actually was their savior in those years and let to maximum occupancy in hotels which in turn promoted growth of real estate. This cycle of dependency is very important for any economy to survive and thrive as, there is no sure formula of one particular sector doing good all the time, in those times the other sectors should manage to catalyse the economy. Great economies are results of wise decisions, one such extra ordinary decision was taken by the President of UAE to help the completion of Burj Dubai(then) ,the tallest skyscraper in the world. With this decision the tourism of Dubai has risen to unexpected limits as every traveler has the wish to have a glimpse of this outstanding modernist architectural masterpiece.

Now Dubai and rest of the world have mostly recovered from the shock and effects of the then hit recession, but where most of the economies are still sluggish in picking up, and are not putting any ambitious projects on their cards-includes the biggies US and Europe, surprisingly or rather not so surprisingly economic growth of this emirate has hit 4.4 % in the past year which is higher than its growth pre recession period in 2006. This clearly shows the robustness of the economy ,as even after such a debacle of finances over the globe it manages to overcome the shadow of frustration, fear, destruction, silent death and shown to the world that it is the Zenith of success ,happiness , security, Prosperity and growth which the economy of Dubai always strives for and where its economy is always meant to be.

All said and done, the ones who abandoned their Porshe and Landrovers and their suite houses for fear of bankruptcy, should have had more faith on the backbone of Dubai\’s economy.

I wonder who rides them now ?

money in dubai

Article Source:

ArticleRich.com

<div class=Cat in Rhode Island, USA nursing home ‘senses death’
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Cat in Rhode Island, USA nursing home ‘senses death’

Posted on by Admin

Thursday, July 26, 2007

At a nursing home in Providence, Rhode Island a cat is reported to be able to sense when elderly individuals are about to die.

The cat, known as ‘Oscar‘ is reported to have sensed the deaths of at least 25 elderly people. According to nursing home employees, Oscar has been living at the Steere House Nursing and Rehabilitation Center for two years and seems to sense the deaths at least two to four hours before they happen, and he is rarely wrong.

“It’s not that the cat is consistently there first. But the cat always does manage to make an appearance, and it always seems to be in the last two hours,” said professor of community health at the home, Dr. Joan Teno.

Oscar would go from room to room on a daily basis to watch and smell the patients, eventually curling up next to one that dies within a few hours, but since most of the patients he visits are too ill they do not notice his presence.

One veterinarian and expert on cats says that cats and dogs sense things that humans are not able to sense.

“It’s such a cat thing to do. Those things are hard to study. I think probably dogs and cats can sense things we can’t,” said University of Illinois College of Veterinary Medicine, chief of veterinarian medicine at the college, Thomas Graves who also added that he does not believe it has anything to do with being a ‘psychic cat’ saying “there’s probably a biochemical explanation.”

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<div class=US considers taxing earnings from online games
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US considers taxing earnings from online games

Posted on by Admin

Sunday, October 22, 2006

With online gaming in persistent worlds becoming more prevalent, a US congressional committee has begun to look into the tax implications of these booming online economies. Games such as World of Warcraft and Second Life have large player driven economic systems in which – either following the rules or against them – real world currencies are exchanged for in-game currencies. With the GDP of some of these economies rivaling that of some small countries, the US government is wondering if it is missing out on a potential source of tax revenue: or as some gamers might put it, the IRS is asking “You buy gold?”.

In cases where exchange of a real world currency for in-game currency is permitted by the rules of the game, some of these online games such as Second Life require that players report any income generated by these means to his or her government. In most on-line games however, a black market exists where players buy and sell in-game currencies in direct violation of the game’s rules; situations involving black markets are notoriously hard to tax.

Compounding the issue of currency exchange is the existence of in-game assets. In the real world if someone wins a luxury vehicle, he or she is expected to pay a capital gains tax on his or her winnings. If a 40 person “raid” in World of Warcraft gets a rare “drop,” worth up to thousands of dollars if sold illegally, should they be required to pay a capital gains tax?

Even if the issue of capital gains is ignored, there is still the matter of sales tax. In many of these games, non-player characters and players alike sell items to one another. If sales tax is to be applied, at what rate should it be charged and to what State does it go? Questions such as these have just recently been answered in much less hazy situations such as online versions of brick and mortar establishments.

Dan Miller, senior economist for the Joint Economic Committee had this to say on the issue, “I found that talking about this issue with some of the other economists on the committee, they are not really familiar with what a virtual economy is. The idea of Second Life or World of Warcraft or some of these other synthetic universes, they have trouble wrapping their head around it. So there’s an educational hurdle to overcome here.”

The preliminary findings of the committee state that virtual economies deserve clarification of existing tax laws, not new taxes.

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<div class=US House of Representatives passes universal health care bill
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US House of Representatives passes universal health care bill

Posted on by Admin

Sunday, November 8, 2009

The United States House of Representatives has passed The Affordable Health Care for America Act or HR 3962, a bill which would ensure that 95–96% of US citizens receive affordable health care.

HR 3962 was passed with 220 yeas and 215 nays. Democrats in the house needed at least 218 votes to pass the bill. 39 Democrats voted against the bill, which contained the Stupak amendment. This amendment curtailed women’s abortion rights. One Republican, Representative Joseph Cao of Louisiana, voted for the bill.

The US Senate has drafted their own health care bill, S. 1679. It is not yet known when the Senate will vote on their version of the bill, but in the end both versions must be merged into one with both the House and Senate voting again.

The health care program associated with HR 3962 is estimated to cost over US$1 trillion over ten years, according to the Speaker of the House Nancy Pelosi, who states that it will result in “[…] not one dime added to the deficit.”

US President Barack Obama says that he is “confident” that the Senate will be able to come to an agreement and pass a completed bill. Obama added that he hopes to sign a “comprehensive health insurance reform into law by the end of the year.”

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