Author: Admin

Tuesday, January 13, 2009

A federal court in New York, New York ruled Monday that American financier Bernard Madoff can remain free on a US$10 million bond. Madoff faces charges of securities fraud in case that may reveal losses as large as US$50 billion. He was originally arrested on December 11, 2008.

Federal prosecutors had argued that Madoff had violated terms of his bail by mailing valuables to relatives from his Manhattan apartment, where he is under house arrest.

Judge Ronald L. Ellis ruled that, “The government fails to provide sufficient evidence that any potential future dissemination of Madoff’s assets would rise to the level of an economic harm.”

The judge, however, did say that “it is appropriate that his ability to transfer property be restricted as completely as possible.” Madoff will be required to submit a complete inventory of items in his apartment.

A Wall Street adviser, Madoff was arrested and charged by the FBI last December with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on December 10, that his business “is all just one big lie” and that it was “basically, a giant Ponzi scheme [since at least 2005].”

Friday, June 5, 2009

General Motors Corporation (GM), an American automaker which has filed for bankruptcy protection, announced on Friday that the Penske Automotive Group (PAG) was selected to purchase Saturn Corporation. The transaction should be completed in October.

The purchase includes rights to the Saturn brand, its five current models and its dealership network. Two models would be discontinued, the Sky and Astra. GM would continue building the Aura sedan, the SUV’s, Vue and Outlook for at least two more years.

Saturn has 350 dealers across the United States. The dealers employ more than 13,000 jobs and sell only the Saturn autos. Canadian Saturn dealers are not included in the deal.

According to Penske future Saturn vehicles will be fuel economy focused. An expert indicated that this would move Saturn back to its roots of a entry level car company. PAG is in talks with several international automakers to replace GM after 2011. Automotive News reports that Renault Samsung Motors of Korea is the most likely candidate.

Penske wants Jill Lajdziak, Saturn’s general manager, and Tom LaSorda, former Chrysler President to head up the company when it is independent of GM.

Serra Automotive in Grand Blanc Township, Genesee County, Michigan, is in talks to take a partial ownership in a new Saturn lead by Penske.

Friday, July 15, 2005

About 200 cars were burned by young people on the night of July 13 in Île-de-France, the metropolitan area of Paris. As the police cars arrived, youths began to pelt the vehicles with rocks, firecrackers and bottles. Rioters broke store windows at Argenteuil. Police used flash-balls and smoke grenades. The riots ended with 70 men being arrested. A police officer was wounded by a rocket and was taken to hospital. Shop windows were broken at Argenteuil. It is not the first time vehicles have been attacked on 13-14 July in France.

Saturday, May 24, 2008

Thailand’s National Film Archive in Salaya, Nakhon Pathom unveiled a new museum and cinema on Thursday night for the 100th anniversary celebration of the birth of Rattana Pestjoni, a filmmaker who is considered the “father of contemporary Thai cinema”.

With Pestonji’s family, movie stars, filmmakers, government officials and fans on hand, the National Film Archive’s museum was opened for tours, and the facility’s 120-seat cinema hosted the screening of a documentary film, Signature: The Life and Work of R.D. Pestonji.

Pestonji was born in Bangkok on May 22, 1908, to a Parsi-Indian (ethnic Persian) family. For his first short film, Tang, in 1937, he received an award from Alfred Hitchcock at a film festival in Scotland. Pestonji directed his first feature film, Dear Dolly, in 1951. He was known for his skills as a cinematographer, and he shot the first Thai feature film to be submitted to an overseas film festival. Pestonji also pushed for innovations in the Thai film industry, such as using 35mm film, and raising the level of cinematography as an artistic element of the films, said film historian Dome Sukwong, director of the National Film Archive.

The now-lost Santi-Weena was submitted to the Asia-Pacific Film Festival in 1954 in Tokyo. Pestonji served as cinematographer on it as well as Forever Yours, in 1955. He then directed four features, Country Hotel in 1957, Dark Heaven in 1958, Black Silk in 1961, and Sugar Is Not Sweet in 1964. His films were never box-office successes, which led to Pestonji retiring from feature-film work to make television commercials, Sukwong said.

Pestonji died of a heart attack on August 17, 1970 at the Montien Hotel Bangkok, while giving a speech to government officials and film industry executives about the prevalence of Hollywood films in Thailand’s cinemas.

Contemporary directors who were influenced by Pestonji include Wisit Sasanatieng and Pen-ek Ratanaruang (Last Life in the Universe). Sasanatieng was among the filmmakers present at Thursday’s event.

“Prae Dum [Black Silk] is the film that remains my single major influence,” Sasanatieng was quoted as saying by the Bangkok Post. Sasanatieng’s colorful features, Tears of the Black Tiger and Citizen Dog bear many of the hallmarks of Pestonji’s films. “Khun Ratana was not simply a master storyteller … he knew how to use color, art direction and camera angles to create subtle nuances and charge the movie with strong emotions.”

Pestonji’s sons, Santa and Edel, have continued in the film business. The Bangkok film production house their father started now houses a firm that hires out equipment and film crews to foreign films shooting on location in Thailand. Films that the company has been involved with include Heaven & Earth and The Beach. Pestonji’s daughter, Ratanavadi Ratanabhand, was the lead actress in 1961’s Black Silk.

The Pestonji centennial celebration was the first major event held in the new facilities at the National Film Archive, which moved around 10 years ago to the Fine Arts Department compound in Nakhon Pathom Province, about 50 kilometers from Bangkok, where the archive had been previously located. The museum and cinema complex were built in the last year, and Thursday’s event was the first major function held at the facility, said Chalida Uabumrungjit of the Thai Film Foundation, which has worked closely with the National Film Archive to preserve Pestonji’s legacy. The foundation holds the rights to Pestonji’s films and plans to issue a DVD set of his works later this year.

The centerpiece of the archive’s museum is a wax figure of Pestonji, seated with his prized Mitchell camera in front of a recreation of the set from his 1957 musical comedy Country Hotel.

In a manner similar to Grauman’s Chinese Theatre in Hollywood, handprints, footprints and signatures of celebrities are being collected in the concrete outside the museum’s cinema. That initiative started on Thursday with actor Prompong Nopparit, a spokesman for the Ministry of Culture, being the first to make his marks.

Other stars making impressions included actor Suthep Wongkamheng, who starred in Pestonji’s Dark Heaven. A rain storm dampened the festivities, but didn’t keep 1970s action star Sombat Metanee from making his mark in the slab, albeit under cover of umbrellas. Other figures adding their marks to the wet cement were pioneering animator Payut Ngaokrachang and Santa Pestonji, Ratana’s eldest son.

Tuesday, August 14, 2012

San Fernando, Chile — Ten students from the Liceo María Luisa Bombal of Rancagua, O’Higgins Region were detained by the local police yesterday. Following their release, the students told the media they were required to remove their clothes at the police station.

The students, seven men and three women, took control of the building of the school early yesterday morning in response to the long delay in re-construction of the liceo, following the earthquake of 2010. At around 08:00 local time (1200 UTC), Leonardo Fuentes, general secretary of the Municipal Educational Corporation of Rancagua, authorized the police to clear out the students.

Student leader Jennifer Olivares told Diario VI Región the police “stripped off [their] clothes” ^{((es))Spanish language: ?Al llegar a la comisaría nos desnudaron.} upon their arrival at the police station, Comisaría de Rancagua, something which Lieutenant Colonel of Carabineros Iván Guajardo did not deny. However, police stated the students will be charged by the public prosecutor with robbing food from the school. “It’s a bit illogical that they stripped off our clothes, with the knowledge that there were minors and without [us] being delinquents, but students who took the school peacefully” ^{((es))Spanish language: ?Es un poco ilógico que nos desnuden habiendo menores de edad y no siendo delincuentes, sino estudiantes que estábamos en una toma que había sido pacífica}, said Olivares. Ignacio Muñoz, former leader of the occupation of the Liceo María Luisa Bombal, told El Rancahuaso “the Mayor [Eduardo Soto] promised to begin the reconstruction works last summer, and it’s August already and they don’t even begin to take the debris outside” ^{((es))Spanish language: ?El alcalde se comprometió a comenzar los trabajos de reconstrucción durante el verano de este año, y ya estamos en agosto y aún no comienzan ni moviendo los escombros del interior}. Education Regional Secretary (Seremi de Educación) Pedro Larraín said the government “does not share” ^{((es))Spanish language: ?No compartimos las tomas} such actions, “because they harm education” ^{((es))Spanish language: ?porque perjudican a la educación}.

The Region of Libertador General Bernardo O’Higgins was one of the first in 2012 to resuscitate the previous year’s student protests, more specifically at the Liceo Industrial de San Fernando, which was taken control by the students in late July, and which as of yesterday was still taken. The students of the Liceo Industrial were particularly affected, after the president of the school’s centro de alumnos Guillermo Horta Farías was stabbed outside the educational establishment on July 31; his fellow schoolmates subsequently organized a march in his honour in Rancagua, on August 8. As of August 11, eight high schools have been taken control of by students, in response to the government’s failure to satisfy the secondary and university students’ requests.

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

Tuesday, June 27, 2006

Australian Minister for Vocational Education and Training, Gary Hardgrave has announced the government will provide AU$15.8 million to establish an Australian Technical College in North Adelaide. The minister said the government was entering into a partnership with the Archdiocese of Adelaide and consortium of industrial and manufacturing companies.

The North Adelaide college will be located in Elizabeth and be operated as an independent non-government school. The college is one of 25 to be established across the country.

Enrolments at the college will begin in 2007 and will offer courses in areas where identified skills shortages exist in the North Adelaide region, specifically – engineering, construction, electronics and cooking.

Mr Hardgrave said that the proposed college had been popular among the North Adelaide business community. “This important initiative has been well received by North Adelaide business and industry, and will help to address skills needs and provide opportunities for those in greatest need, including a lot of Indigenous students in the region,” Mr Hardgrave said.

“The fact that this College is being led by local employers, local government and other key stakeholders, means it will be truly industry and community driven,” he said.

Australian Technical Colleges were established to cater for year 11 and 12 students who wish to do an apprenticeship as part of their school education.

The Australian Education Union has expressed a number of concerns about the model put forward by the government. In a report, they claim that trade facilities at TAFE colleges (operated by state governments) will deteriorate as funding is diverted to the ATCs. The union is also concerned that ATCs are supposed to be selective VET schools. According to the union they will have selective entry and preferential funding. It is feared that teachers will be lured away from schools and TAFE colleges to higher paid positions in ATCs.

The Education Union suggested that the government invest in schools that already offer vocational education programs.

Tuesday, May 29, 2007

War protestor Cindy Sheehan, the mother of fallen soldier Casey Sheehan who was killed in Iraq 3 years ago, wrote on what has been published by the Daily Kos as a personal web journal on Monday morning, a day in observance of Memorial Day in the United States, that “This is my resignation letter as the ‘face’ of the American anti-war movement.”

Her son Casey would have been 28 years old Tuesday. In what she writes are meditations upon developments in Sheehan’s life after she began a war protest that led her and a following of people to Camp Casey, beside the Texas ranch of President Bush in August 2005, included the notion that, “The most devastating conclusion that I reached this morning, however, was that Casey did indeed die for nothing. His precious lifeblood drained out in a country far away from his family who loves him, killed by his own country which is beholden to and run by a war machine that even controls what we think.”

In the text of Sheehan’s diary she is unable to reconcile herself with the Democratic Party that on Thursday, May 24, succumbed to the Bush administration on language for a troop funding bill that at one time tied funding to a time limit for U.S. involvement in Iraq. The presidential veto of that legislation to set a deadline for withdrawal of U.S. troops from Iraq resulted in the U.S. Congress caving to executive branch over the issue of war funding, and may have been the final straw for Sheehan.

“I am deemed a radical because I believe that partisan politics should be left to the wayside when hundreds of thousands of people are dying for a war based on lies that is supported by Democrats and Republican alike,” wrote Sheehan.

Sheehan said that she has spent every bit of money that she has received as compensation for the loss of her son from the U.S. government, and as a person who garnished speaking fees from the national attention on her campaign against the Iraq war, on trying to bring peace.

“I am going to take whatever I have left and go home. I am going to go home and be a mother to my surviving children and try to regain some of what I have lost,” wrote Sheehan.