Author: Admin

Friday, April 9, 2010

British Airways (BA) and the Spanish airline Iberia have signed a merger deal, which will create one of the largest air carrier groups in the world.

The two announced the merger yesterday, and said that the deal, which has been expected for a long time, is to be implemented by the end of 2010. The move will make a group with a market value of US$8 billion. The deal has been negotiated since July 2008.

Under the plan, both companies keep their own brands and operations, but will be owned by International Airlines Group, a new holding company. It will be listed in London, but taxed in Spain.

The airlines believe the merger will save $530 million annually. In February, BA reported a loss of $102.4 million for the final three quarters of 2009, whilst Iberia posted an operating loss of $629 million.

Meanwhile, investors in BA will receive an IAG share for every BA share they own, and stockholders in Iberia 1.0205 shares for each share in the Spanish airline; thus, BA shareholders will take 55% of IAG.

“The merged company will provide customers with a larger combined network,” commented BA chief executive Willie Walsh. “It will also have greater potential for further growth by optimising the dual hubs of London and Madrid and providing continued investment in new products and services.”

Meanwhile, Iberia chief executive Antonio Vázquez remarked: “This is an important step in creating one of the world’s leading global airlines that will be better equipped to compete with other major airlines and participate in future industry consolidation.”

Independent aviation specialist James Halstead said he believed the merger was necessary for BA to remain competitive amongst other European air carriers. “BA’s unique position at Heathrow could help it survive for a short while, but in the long run it needs more than just Heathrow. The main point of the Iberia deal is to be able to cut costs and put the combined company in the position that Air France-KLM and Lufthansa are already in,” he said, quoted by The Independent.

Saturday, October 2, 2010

Popular Filipino social commentator and tour guide Carlos Celdran staged a protest action in Manila, Philippines against church opposition to the Reproductive Health Bill. Dressed as Jose Rizal, Celdran, 37, entered Manila Cathedral during a mass with Manila Mayor Alfredo Lim, Manila Archbishop Gaudencio Cardinal Rosales, the Papal Nuncio Archbishop Edward Adams, and other Catholic bishops present, standing before the altar with a sign bearing the word “Damaso” — a reference to the villainous, power-wielding Spanish friar from Rizal’s novel Noli Me Tangere, who represents the abuses of the Catholic Church during the 19th century Spanish occupation of the Philippines. He shouted “Stop getting involved in politics!” before he was taken away by the police at around 4:30 p.m. Once outside, Celdran said the Church officials “need to hear what the Filipinos are saying: that 90 percent of the people want the RH [Reproductive Health Bill].”

At around 8:15 p.m. the Catholic Bishops Conference of the Philippines filed charges against Celdran for violation of Article 133 of the Revised Penal Code, which prohibits “offending religious feelings.” Sorsogon Bishop Arturo Bastes, who previously headed the Catholic Bishops’ Conference of the Philippines-Episcopal Commission for the Biblical Apostolate (CBCP-ECBA), said, “What is approved by people does not mean it is approved by God.”

Celdran reported in a media interview following his arrest that “I kinda showed the [priests] what [civil disobedience] was like. The Millennium Development Goals of the Philippines hinge on controlling the population and maternal health, but they have done nothing but lie and blackmail…the Presidents and deprive the poorest of the poor of reproductive health services.” He had announced the action via tweet the previous day, saying: “Carlos Celdran is going to go to Manila Cathedral at 3pm to COUNTER the CBCP/Bible anti-RH group. Anyone want to join me?”

Celdran has been tweeting and giving media interviews from his jail cell. Through Twitter he expressed surprise that the Catholic Bishop’s Conference of the Philippines filed charges. He faces up to five years in prison. At approximately 5:25am Manila time, he tweeted “its just hitting me now. I can’t believe the CBCP [Catholic Bishop’s Conference of the Philippines] has the capacity and the desire to see me jailed. Who is next?”

It appears that this action was part of a larger program of protest, as the previous day he had invited his Facebook friends to a flash mob photo opportunity in front of the Catholic Bishop’s Conference of the Philippines taking place October 1, where he reported he would be wearing a bishop’s costume.

Celdran was freed almost a day later on 6,000-peso (US$138) bail. Friends of the artist had set up a Facebook fan page calling for his release, drawing more than 12,000 supporters by the time he posted bail.

“I apologize for being rude, but it was necessary for me to be rude,” he told reporters while in custody on Thursday. “I am sorry for the method that I used but I have no apologies for the message that I made.”

In a statement Friday, Manila’s 238 priests expressed “disapproval and condemnation” of the protest.

“These actions cannot by any means be considered within the purview of freedom of expression,” the statement said. “Instead they were malicious acts directed towards a faith, a religion that was represented by its leaders and the faithful gathered.”

President Benigno Aquino’s support of the people’s right to contraception has angered the Catholic Bishop’s Conference of the Philippines and galvanized church opposition to the Reproductive Health Bill, that calls for contraceptives to be provided in government hospitals and sex education to be taught in public schools.

“We are approaching these issues from the moral aspect like the unborn. Abortion is a grave crime, excommunication is attached to those (acts). That is an issue of gravity. That is a violation of God’s commandment,” said Odchimar over the Church-run Radio Veritas.

Malacañang Palace shrugged off Odchimar’s declaration. “We are guided by our conscience. My position has not changed. The state’s duty is to educate our families as to their responsibilities and to respect their decisions if they are in conformity to our laws,” President Aquino said.

Proponents of the Reproductive Health Bill have argued that rapid population growth and high fertility rates have exacerbated crushing poverty, and birth control could be a powerful way to raise living standards.

Tuesday, January 19, 2010

A Scottish woman who set out before Christmas to purchase a turkey finally made it home on Monday, after being cut off by snow for a month. Kay Ure left the Lighthouse Keeper’s cottage on Cape Wrath, at the very northwest tip of Great Britain, in December. She was heading to Inverness on a shopping trip.

However on her return journey heavy snow and ice prevented her husband, John, from travelling the last 11 miles to pick her up. She was forced to wait a month in a friend’s caravan, before the weather improved and the couple could finally be reunited.

They were separated not just for Christmas and New Year, but also for Mr Ure’s 58th birthday. With no fresh supplies, he was reduced to celebrating with a tin of baked beans. He also ran out of coal, and had to feed the couple’s six springer spaniels on emergency army rations.

“It’s the first time we’ve been separated”, said Mr Ure in December. “We’ve been snowed in here for three weeks before, so we are well used to it and it’s quite nice to get a bit of peace and quiet.”

Sunday, July 10, 2011

British-based utility company Centrica, which holds ownership of British Gas, has announced its intentions to increase the prices of domestic electricity and gas later this year. On August 18, 2011, the company plans to raise the costs of gas and electrical supplies by eighteen and sixteen per cent, respectively. According to The Guardian, nine million customers will be affected by these changes.

British price comparison website uSwitch has reported that the “[a]verage household bill for a dual fuel British Gas customer will now go up from £1,096 to £1,288”. Mike O’Connor, the chief executive officer of consumer organisation Consumer Focus, has claimed that the announcement “will send a shock wave across the country” and will place an increasing amount of difficulties “on stretched household budgets. Consumers […] rightly question whether prices are fair.”

Phil Bentley, a managing director for British Gas, has claimed that value increases like this are “an issue facing all energy suppliers”. A director for British Gas, named Ian Peters, has claimed that “a fair return” will be made after the changes occur.

In 2010, British Gas experienced its largest ever profit, making £742 million (US$1,192 million, €835 million). Meanwhile, Centrica achieved £2.4 billion (US$3.8 billion, €2.7 billion) in profits. Richard Lloyd from product sampling charity Which? criticised the decision to raise prices, calling the declaration “unwelcome but unsurprising” for British Gas consumers.

Previously in December 2010, British Gas increased the price of its gas by 6.9%, which equates to £43 (US$69, €48). At the same time, the company’s electricity prices were raised by 6.7%, or £28 (US$45, €32). On Friday, Chris Huhne, the secretary of the Energy and Climate Change Select Committee, said that British electricity businesses must modify themselves so as to avoid “the cycle of fossil fuel addiction. Alternatives like renewables and nuclear power must be allowed to become the dominant component of our energy mix,” said Huhne.

This news comes to light as Scottish Power, a rival energy company to British Gas, announced last month their intentions to up the prices of their electricity and gas supplies by ten and nineteen per cent respectively.

Sunday, March 27, 2005

Danville, California — The California-based Engligh language tracker, Global Language Monitor, released its 2005 list of most confusing – yet frequently cited – high tech buzzwords to be “HTTP,” “Voice Over IP” (VoIP), and “Megapixel.” Closely following were “Plasma,” “Robust,” “WORM” and “Emoticon.”

In early March, the group used a predictive index computer algorithm to track specific words and phrases in the media and on the Internet. They were tracked in relation to frequency, contextual usage and appearance in global media outlets.

The Global Language Monitor claims to analyze and catalogue trends in word usage and word choices, focusing on the linguistic impact on various cultures. The GLM says it relies upon a global network of volunteer linguists, professional wordsmiths and other bibliophiles to monitor the trends in the evolution and demise of world languages.

GLM’s list, in order of frequency of use, of the most-confusing technology terms with the group’s explanation as to why they are faulty follows:

1. HTTP – HyperText Transfer Protocol is the standard protocol used for transmitting web pages (which are written in HTML (HyperText Markup Language)), not text written while hyper on too much Starbucks coffee. There are more than 1 billion references to HTTP on the web alone.
2. Voice over IP – Voice over Internet Protocol, (pronounced voyp, similar to Detroit) is a way of transmitting voice data over the Internet. VoIP is becoming more popular as services such as Skype offer people free voice communication with anyone with a broad-band connection.
3. Megapixel – Approximately one million pixels, not a single, big pixel (“mega” is the metric system prefix for million). “Pixel” itself is a technical term which means “picture element”. Digital pictures consist of a grid of millions of pixels, which are square or rectangular dots, each having a single colour.
4. Plasma – A plasma display (commonly used in televisions) is a flat, lightweight surface with a grid of millions of tiny glass bubbles containing plasma. A digitally controlled electric current flows through the bubbles causing the plasma inside to glow various colours. Plasma displays have nothing to do with blood plasma.
5. Robust – Robustness generally means “it won’t break easily.” It supposedly describes computer programs or hardware that have been well-tested and demonstrated to not crash or fail often, but since it is a vague term by nature (how robust is robust?) it is frequently used by marketing types regardless.
6. WORM – While a worm is a type of computer virus, WORM stands for ’Write Once, Read Many’. It describes a file system primarily used for optical disks, such as CDs and DVDs. For example, CD-Rs can only be written (or “burned”) once but afterwards can be read many times (otherwise you could only listen to your music CD once). This excludes re-writable CDs which can be written many times.
7. Emoticon – Emoticon stands for emotional icon. An emoticon is a sequence of characters that look visually like a face and are used in text chat to convey emotion. The most common emoticon is the smiley face – 🙂 – which looks like two eyes and a mouth turned 90 degrees.
8. Best of Breed – Not to be confused with the Westminster Dog Show, a best-of-breed product is a personalized solution made of components from various manufacturers; in other words, it’s a sort of high tech ‘mix-and-match’.
9. Viral Marketing – A recent marketing trend which relies on word-of-mouth to spread, rather than traditional advertising strategies. It is called “viral” because as people talk about it, the marketing message “spreads” to new people, who in turn inform others, and so on, which is how viruses spread. The Burger King “Subservient Chicken” campaign is considered an example of viral marketing. Computer viruses used by spammers to turn desktop computers into “zombie” spam relays are something completely different.
10. Data Migration – Data migration is an idealistic (though usually impossible) concept where data can be used by different versions of the program in which it was created (newer or older). The migration (migration means “to move”) refers to the fact that the data is moved from one version (or program) to another without difficulty or loss of information. It is a subset of backward and forward compatibility.

Other terms being tracked included “client/server,” “solution,” “paradigm,” “backward compatible,” and the “STUN protocol.”

Tuesday, August 23, 2011

A 5.8 earthquake struck 4 miles southwest of Mineral, Virginia, 80 miles south of Washington D.C., at 1:51 p.m. EDT (17:51 UTC) and lasted for 15–30 seconds. The quake had a magnitude of 5.8 with an epicenter 27 miles (43 km) east of Charlottesville, Virginia. A 2.8 aftershock was reported at 2:46 pm EDT (18:46 UTC).

According to Twitter reports, the quake was felt inland as far as Cleveland and Toronto and along the coast from Boston to Georgia. Police sergeant James Ryan, from South Brunswick, New Jersey stated that “The 911 line is flooding with calls right now. People want to know what happened. They want to know if there was an explosion.”

The United States Capitol and The Pentagon in Arlington were evacuated, as were police headquarters and city hall in New York City. Numerous minor injuries have been reported in Washington, D.C.; however, none of them are serious. There have been confirmed reports of damage at the Washington National Cathedral and the Smithsonian Castle. The Pentagon was also damaged when a burst pipe caused flooding. The North Anna Power Station lost offsite power and had to shut down, turning to four diesel generators to maintain cooling of the facility. Both the JFK and Newark airports were briefly shut down and the control towers were evacuated. A release from Amtrak stated that trains will be operating at reduced speed, but no damage has been found on any rail lines. The Washington Metro is also operating on reduced speed, with some stations closed down, while lines are evaluated.

In Boston, it was reported that the building at 111 Devonshire Street appeared to be leaning onto the adjacent building at 50 Milk Street, with fears that it could collapse. The street was blocked off while the Boston Fire Department investigated. However, it was determined that the buildings had always appeared like that. Nevertheless, the Boston Fire Department investigated the roof and the inside of 111 Devonshire St. After 30 minutes, the building was determined to be safe.

This is the second strongest earthquake to originate in Virginia since records have been kept, after the one recorded on May 31, 1897, near Giles County, which was estimated at a magnitude of 5.9.

The Dow initially dropped 50 points after the earthquake struck, but later increased over 100 points.

Friday, April 3, 2009

The G20 Summit held in London, England concluded Thursday with an injection into the economy of US$5 trillion by the end of 2010.

Global trade would be supported by $250 billion (169.5 billion pounds). “We are going to act decisively to kickstart international trade. We will ensure availability of at least $250 billion over the next two years,” said Gordon Brown Prime Minister of the United Kingdom.

The International Monetary Fund IMF will have access to $750bn in resources of which $250bn will support special drawing rights.

Developing countries received $100bn which will be dispensed via Multilateral development banks. Towards this end, the IMF will sell off gold reserves.

China will support the IMF fund by $40bn, the European Union by $100bn, and Japan by $100bn.

There will be increased regulation on banking and credit ratings agencies. There was a commitment to clamp down on hedge funds, tax havens and toxic assets. To restore consumer confidence in the financial sector, a new Financial Stability Board will be initiated internationally. There would be new policies implemented to control pay and bonuses paid to the heads of banks and corporations.

The G20 leaders were adverse to protectionism and rallied to support international trade and investment.

The Leaders’ statement said, “We reaffirm the commitment made in Washington: to refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or implementing World Trade Organization (WTO) inconsistent measures to stimulate exports.”

Eoin O’Malley, senior adviser on international trade at BusinessEurope, said “The measure also needs to be part of wider package to avoid protectionism and conclude the Doha round which will stimulate trade growth. The key point now is to move forward with Doha. The key now is implementation. G20 governments must act quickly to provide this finance to companies that need it urgently.”