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Bell Canada Enterprises might be taken private

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Posted by Admin | Posted in Uncategorized | Posted on 22-09-2018

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.

Haitian earthquake: in pictures

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Posted by Admin | Posted in Uncategorized | Posted on 21-09-2018

Friday, January 15, 2010

Haiti was hit by a heavy earthquake with a magnitude of 7.0 on Tuesday, killing an unknown number of people, and destroying up to ten percent of buildings in the capital, Port-au-Prince.

No official death toll has been released as of yet, although the United Nations says that up to fifty thousand people may potentially have been killed. An estimated 300,000 more were left without homes.

In a special photo report, Wikinews looks at the extensive damage caused by the disaster.


To find more information about a certain image or to enlarge it, click it. For an in-depth textual report on the same subject, please see Haiti relief efforts: in depth.

British Chancellor George Osborne downgrades growth forecast in annual budget

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Posted by Admin | Posted in Uncategorized | Posted on 21-09-2018

Wednesday, March 20, 2013

The British Chancellor of the Exchequer George Osborne delivered the budget today, an annually-held audit of the country’s finances deciding how taxpayers’ money should be spent. He set out plans to boost the housing market in his fourth budget, as well as stating the economy will grow by 0.6% — half his prediction four months ago.

George Osborne revealed plans to improve the housing market, including a “Help to Buy” shared equity scheme which would offer buyers who can place a 5% deposit on a new house, a 20% loan to buy it. He said: “This is a budget for those who aspire to own their own home”. He also offered a new Mortgage Guarantee, created in conjunction with mortgage lenders — the scheme would allow them to offer loans to homeowners without the need for a large deposit and offer guarantees to support up to £130bn of lending for three years beginning in 2014.

As a measure to attract investment to the British economy, he announced to reduce corporation tax from 21% to 20% taking effect from April 2015. The rate of corporation tax has fallen from 28% in 2010 to the current level of 21%. The United Kingdom is to have lower rates of corporation tax than the USA at 40%, France at 33%, and Germany at 29%.

The Office for Budget Responsibility (OBR) stated the government debt reduction programme to reduce the budget deficit will miss its targets. The government has forecast the total public sector debt will begin to fall by the financial year 2015/2016, while OBR says national debt will reach a high of 85.6% of GDP, £1.58 trillion, in 2016/17. Osborne defended the government efforts to reduce the deficit and said: “Our judgement has since been supported by the IMF, the OECD and the Governor of the Bank of England.”

In response to the Budget speech, the Leader of the Opposition Ed Miliband said: “At the worst possible time for the country. It’s a downgraded budget from a downgraded Chancellor […] Debt is higher in every year of this Parliament than he forecast at the last Budget. He is going to borrow £200 billion more than he planned.”

The Shadow Chancellor of the Exchequer Ed Balls said to The Independent, “They are borrowing £245bn more in this Parliament, we said all along …said this two years ago, if they had moved more quickly with a sensible, targeted package of measures to kick-start the economy, which would have meant at that time more borrowing for a VAT [Value Added Tax] cut to bring forward housing investment, then we would have got the economy growing and the deficit coming down.”

The Business Secretary Vince Cable told the BBC in an interview, the “age of austerity” would probably end within the current decade, but made no more definite forecast.

The head of the British Federation of Small Businesses, John Walker, said: “The Budget opens the door for small businesses to grow and create jobs. The Chancellor has pulled out all the stops with a wide ranging package of measures to support small business. […] [W]e are pleased to see the scrapping of the 3p fuel duty due in September”.

Len McCluskey, the General Secretary of Unite the Union, criticized the budget for not helping working families. He said: “This is a Budget for the few by the few that attacks the many. Millionaires are days away from getting a £40,000 tax cut from the Tories, but George Osborne is using the budget to attack hard-working public sector workers. The worst chancellor in British history has gone further by giving big business another tax cut while staff caring for the sick get pay cuts. […] [H]e should have raised the national minimum wage by £1 and drop the senseless plan to give millionaires a tax break in a few days’ time”.

Two astronauts blast off to their new home–International Space Station

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Posted by Admin | Posted in Uncategorized | Posted on 16-09-2018

Friday, April 15, 2005

The 11th crew of the International Space Station rocketed into space Thursday at 8:46 EDT. The Expedition 11 crew rode aboard a Russian Soyuz spacecraft, and two of them will remain in their new home-away-from-home for six months.

They were given a heartfelt send-off by Russian Mission Control chief Vladimir Solovyov:

“The people who are doing the job are real romantics who are involved in fascinating work for a miserable salary,” he told reporters after the launch, which he called a “remarkable event.”

Cosmonauts typically earn $144 to $179 a month.

The launch from the Baikonur Cosmodrome in Kazakhstan, came as ISS was on a north east heading approximately 230 miles above the southern Atlantic Ocean.

At the controls were Commander Sergei Krikalev, NASA Station Science Officer and Flight Engineer John Phillips, and European Space Agency astronaut Roberto Vittori. Vittori will return April 24 with the prior crew, Expedition 10 Commander Leroy Chiao and Flight Engineer Salizhan Sharipov, after conducting some experiments.

Soyuz will dock with ISS at 10:19 p.m. EDT on Saturday. Live NASA coverage of the docking and hatch opening will be shown on NASA TV beginning at 9 p.m. Saturday and can be viewed on Internet TV at http://www.nasa.gov/ntv (Free Real Player or Windows Media Player required).

Hypoallergenic Dog Food: 3 Ways It Helps Your Dog’s Food Allergies

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Posted by Admin | Posted in Puppies For Sale | Posted on 14-09-2018

Submitted by: Carter Lee

Before we look at how a hypoallergenic dog food can help with your dog’s food allergy, let’s take a quick look at dog food allergy symptoms and then what a hypoallergenic food is.

So how do you know if your dog has food allergies or sensitivities? Common signs are constant itching, hot spots, pawing at the mouth, diarrhea, constipation, and excessive gas. If you feed your dog the same food, this will be constant. If you vary your dog’s food, then it may come and go with the offending ingredient.

Now, what exactly is a hypoallergenic dog food? It is simply a dog food produced with the following types of ingredients: 1) high quality, 2) minimal, and 3) un-common.

So how will this help with your dog’s food allergies?

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High-Quality Ingredients

Although debatable, many canine nutritionists feel that by serving the same inferior quality dog food every day may actually be the cause for your dog’s food allergy. The inferior quality (i.e. low cost) dog foods are made with lots of grain fillers, grain by-products, and meat by-products. And by serving the same low quality foods, day after day, your dog is not getting what he needs to keep a healthy and strong immune system, that can fight off simple allergens.

Irregardless of whether you agree with the above debate, feeding a higher quality dog food, like hypoallergenic dog foods, with make your dog healthier, which makes them better able to fight off the food allergens.

Minimal Ingredients

What is meant by minimal ingredients is that there should only be a few ingredients in the dog food ingredient label. Fewer ingredients, as well as fewer colorings and flavorings, are important while trying to discover what is causing your dog’s food allergy symptoms. By having only a few ingredients, you might even be able to completely cut out your dog’s food allergy trigger!

Un-Common Ingredients

Possibly one of the most important aspects of a hypoallergenic food for dogs is that is will not use common protein sources or grain sources, since these are the most allergens of a dog’s food allergies. Lamb, bison, and salmon are some of the different types of protein sources used. Grains will not include the most common grains, like corn and wheat. Instead, grains like oatmeal, millet, and brown rice will be used.

By removing common meats and grains, and replacing them with ones that your dog has not had, or had very often, you may well be able to control the food allergies.

When your dog is showing signs of dog food allergies, you really should try a hypoallergenic dog food with all new meat and grain sources from his usual dog food. This way you are more likely to not give the ingredient that is causing all the trouble, but you will be feeding your dog a much healthier dog food which will, in turn, help him cope with his food problems easier.

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Australian nuclear power plants rejected by states

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Posted by Admin | Posted in Uncategorized | Posted on 14-09-2018

Monday, June 5, 2006

Wikinews Australia has in-depth coverage of this issue: Australian nuclear debate

Australian media reports that Prime Minister John Howard is expected to push a nuclear energy inquiry through federal cabinet this week. Meanwhile, a list of possible sites for nuclear reactors has been leaked by the Opposition to media. The locations, listed in 1997, include Adelaide, Darwin, Perth, Lucas Heights, Goulburn, Holsworthy, and Broken Hill in New South Wales and other sites.

West Australian (WA) premier Alan Carpenter says the list of fourteen potential sites were a “facade to soften up Western Australians into accepting a nuclear waste dump.” The WA Premier said people would not only be surprised but “stunned to learn that the federal cabinet considered possible sites… without disclosing them to any state government.”

Mr Carpenter said in a media release that the document mentions a site near Perth airport. “People should wake up to what’s happening around Australia, particularly in WA,” said Mr. Carpenter. “Only a few weeks ago, we had three prominent WA Liberal MPs supporting a nuclear waste dump in WA,” he said. “This is all a facade in the Howard Government’s push to soften up West Australians for a nuclear waste dump.”

Premier Carpenter, whose Labor government stridently opposes uranium mining in WA, stated his opposition to a nuclear waste dump: “I vehemently oppose the prospect of our State becoming the dumping ground for the world’s nuclear waste and that is what will happen if we allow uranium mining in WA. The evidence is mounting and indisputable.”

The South Australian Government has ruled out any possible nuclear power plant in SA. “A nuclear power plant would bankrupt our state,” SA Premier Mike Rann said. “It would not be commercially viable and would not, in my view, be acceptable to the public. Nuclear power plants need giant populations to sustain them, there is no-one coming to me from the commercial sector or the mining industry or anywhere else, suggesting a nuclear power plant.”

Earlier, Foreign Affairs Minister Alexander Downer said South Australia should build a nuclear power station to run a desalination plant. Premier Rann dismissed the idea as ridiculous and said comments by Mr Downer highlight divisions within Federal Cabinet. He said Mr Downer is at odds with the Federal Finance Minister Nick Minchin, who says the high costs of nuclear power would rule it out.

Mr Rann says South Australia will not allow nuclear power. “For once I’m agreeing with Nick Minchin,” he said. “I think Nick Minchin is right that a nuclear power plant isn’t necessary and won’t happen and I think that Alexander Downer is having a bit of a lend of him.”

Victoria’s Energy Minister Theo Theophanous said nuclear energy in Australia did not make sense when the cost and problems of waste disposal were considered. Mr Theophanous has rejected a report that found nuclear power could be competitive with conventional energy generation if it was subsided with help from a taxpayer subsidy.

A recent report found nuclear power could compete with gas or coal-fired electricity if taxpayers helped to pay for it or shouldered the risk of its production. The ANSTO report found nuclear plants could be built in the next 10 to 15 years and an Australian version would cost about $2.5 billion to establish. To make it viable, taxpayers would pay hundreds of million towards start-up costs, said the report.

But Mr Theophanous said Victoria had already had concluded the nuclear proposal did not add up. “I had my department look at this and provide a report to me more than a year ago in relation to the prospect of nuclear power,” he said. “The problem is a commercial one as much as anything else. It costs roughly double the price to produce power out of nuclear energy. If you’re going to pay double the price, why not put in wind farms? Why not use renewable energy, which is even cheaper than nuclear energy?” said Mr Theophanous .

The Victoria Government urges householders to reduce greenhouse emissions by reducing daily energy consumption. A new campaign identifies simple measures residents can adopt to cut power bills and greenhouse emissions, including turning the heating thermostat to no more than 20C, washing clothes in cold water and turning appliances off at the switch when they are not being used.

New South Wales Premier Morris Iemma has also declared his opposition to nuclear power. He said no nuclear power stations would be built in NSW as long as he is premier. Mr Iemma urged state opposition leader Peter Debnam to join him in opposing the construction of nuclear power plants in NSW. “While ever I’m premier of NSW there won’t be any nuclear power plants in NSW,” he told reporters.

Queensland Premier Peter Beattie says he “would not jeopardize the state’s coal industry by supporting a nuclear power plant.” Mr. Beattie has ruled out uranium mining in Queensland to protect the state’s huge coal industry. He said he would not support a nuclear power plant. “The State Government would not support it,” Mr. Beattie said.

“We have the power to block them and we would block them, we would not support nuclear power. Why would we have a nuclear reactor in competition with the coal industry?” Mr. Beattie told media.

Al Sharpton speaks out on race, rights and what bothers him about his critics

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Posted by Admin | Posted in Uncategorized | Posted on 14-09-2018

Monday, December 3, 2007

At Thanksgiving dinner David Shankbone told his white middle class family that he was to interview Reverend Al Sharpton that Saturday. The announcement caused an impassioned discussion about the civil rights leader’s work, the problems facing the black community and whether Sharpton helps or hurts his cause. Opinion was divided. “He’s an opportunist.” “He only stirs things up.” “Why do I always see his face when there’s a problem?”

Shankbone went to the National Action Network’s headquarters in Harlem with this Thanksgiving discussion to inform the conversation. Below is his interview with Al Sharpton on everything from Tawana Brawley, his purported feud with Barack Obama, criticism by influential African Americans such as Clarence Page, his experience running for President, to how he never expected he would see fifty (he is now 53). “People would say to me, ‘Now that I hear you, even if I disagree with you I don’t think you’re as bad as I thought,'” said Sharpton. “I would say, ‘Let me ask you a question: what was “bad as you thought”?’ And they couldn’t say. They don’t know why they think you’re bad, they just know you’re supposed to be bad because the right wing tells them you’re bad.”

Contents

  • 1 Sharpton’s beginnings in the movement
  • 2 James Brown: a father to Sharpton
  • 3 Criticism: Sharpton is always there
  • 4 Tawana Brawley to Megan Williams
  • 5 Sharpton and the African-American media
  • 6 Why the need for an Al Sharpton?
  • 7 Al Sharpton and Presidential Politics
  • 8 On Barack Obama
  • 9 The Iraq War
  • 10 Sharpton as a symbol
  • 11 Blacks and whites and talking about race
  • 12 Don Imus, Michael Richards and Dog The Bounty Hunter
  • 13 Sources

Venture capital investment in Ireland soars by 35%

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Posted by Admin | Posted in Uncategorized | Posted on 14-09-2018

Sunday, May 22, 2005

Venture capital investment in Ireland has leaped by 35% in the first quarter of 2005, according to a new report by Ernst & Young. The report found that Europe-wide venture capital investment increased by a healthy 19% on the same period in 2004.

Total investment in Ireland was €42.11m (US$52.8m, £28.9m) for the first 3 months compared to €31.23m (US$39.1m, £21.4m) in the first quarter of last year. The report found that 85% of the capital was invested in the information technology sector; largely helped by a successful €15m fundraising by Corvil Networks.

€880.3m (US$1.1bn, £605m) was raised throughout Europe in almost 200 separate deals, with €407.3m of that invested in the IT sector.

Public Safety Through Education And Insurance

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Posted by Admin | Posted in Risk Management | Posted on 14-09-2018

Public Safety Through Education And Insurance

by

Jenna Rivers

Road accidents ranks number four as the major cause of deaths among Americans from 1980 to 2004 according to the CDC/CHNS National Statistics. Because of the alarming rates in the casualties, especially among the young drivers, many government agencies as well as non-government sectors came up with programs and projects to increase awareness and educate drivers on the proper driving ethics and attitude. Insurance companies have also grown like weeds as they have seen the increasing demand on it due to the societys need of security.

One of the campaigns that was created was Mothers Against Drunk Driving or MADD, a Texas-based non-profit organization that aims to stop people from driving under the influence of highly intoxicating alcohol, prevent minors from drinking and most especially, to fight for the implementation of a more stricter alcohol policies. It receives federal government funding and donations from concerned citizens and private business sectors. The organization has made significant impact on the decrease of drunk driving and proposed and brought the implementation of some policies regarding alcohol intake and driving although it has received many criticisms with regards to how it spends its money.

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The National Teen Driver Safety Week, conversely, established by the US Congress in 2007 is celebrated every third week of October yearly all over the United States to increase awareness among teen drivers ages 16 to 19. This drive was made in response to the alarming death rates among teenagers involved in various vehicular accidents due to over speeding, drunk driving, cell phone use, rowdy multiple teen passengers, driving errors and among others. This move was supported by many sectors such as the Childrens Hospital of Philadelphia, insurance companies and celebrities like Oprah Winfrey, to name a few.

DC Comics and Warner Bros. teamed-up together in 2000 and came up with a series of commercials not only to promote brand name awareness to consumers but also to demonstrate and expose the dangers of driving. Though it was an advertisement aimed at increasing the companys sales, it has also educated the masses while maintaining to be within the realms of reality of the possible dangers of driving without protective gears such as airbags, early warning devices like roadblocks and especially common sense in locating the nearest gasoline and police station and hospital.

If activities and organizations aimed at reducing the incidence of automobile accidents have grown at an unprecedented rate, so are the insurance companies, in an attempt not only to make profits themselves but more significantly to assist people whose lives, safety, security and money are at stake. Insurance brokers relieve you of all the financial and medical responsibilities when you are in the middle of a vehicular crisis be it minor or major one.

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Article Source:

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Moscow celebrates Victory Day with military parade

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Posted by Admin | Posted in Uncategorized | Posted on 12-09-2018

Monday, May 11, 2009

On May 9, Moscow heralded its celebrations of Victory Day with one of the largest military parades seen since the fall of the Soviet Union through the Red Square and the streets of Moscow. Signifying the defeat over Nazi Germany in 1945 in World War 2, Victory Day continues to be one of the most poignant and emotional celebrations and national holidays in Russia. Estimates of more than 27 million lost lives during the war continues to leave a vein of sadness in Russia.

Victory day began early in Moscow with inner city streets being closed from 6am and the major entrance of Tverskaya Ulitsa completely locked down with all access to non-military blocked until the end of the parade. Tens of thousands of people lined the upper parts of Tverskaya to see the exit of the military as well as the air force fly-over on their entrance to Red Square. In total more than 9,000 troops, 69 planes and a huge collection of armored vehicles, tanks, and massive anti-aircraft missile defense systems ensured that Moscovites and the rest of Russia will remember Victory Day 2009.

In scenes reminiscent of the end of the war military bands played around the city until all hours of the night. At Leningradsky station departing veterans and widows danced and celebrated with younger generations whilst loudly singing the national anthem. As trains departed, staff handed out flowers in recognition of the contributions made and loud cheers were heard across the many platforms. In a touching event it seemed to bond the generations of yesterday and today.

Preparations for the military parade began months ago with regular rehearsals in Alabino including the erection of a mock Red Square and Kremlin to ensure authenticity. Final dress rehearsals took place in Moscow on May 7 including a full practice of the air show. On display for the first time was the S-400 air defense system which is capable of intercepting airborne targets at ranges up to 400 kilometers (249 mi).

Following the official parades and ceremonies, Red Square and the the inner city was opened to the public, albeit under extreme security and an ever watching eye from Interior Ministry troops. During the afternoon there was an estimated crowed of over 100,000 which entered Red Square to admire the parade ground and decorations, including the official stand for the dignitaries.

Closing the festivities was a series of fireworks in fourteen different locations throughout Moscow including the grand display over the Kremlin and Red Square.