Author: Admin

Thursday, May 7, 2009

Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

Wednesday, September 6, 2006

The President of Pakistan, Pervez Musharraf is in Kabul for a two-day visit during which he is scheduled to hold talks with his Afghan counterpart, Hamid Karzai. The talks are expected to focus on the continuing militant activity on both sides of the border, with Taliban forces allegedly infiltrating into Afghanistan from across the border in Pakistan.

Economic cooperation and reconstruction in Afghanistan are also on the agenda. President Musharraf is scheduled to meet cabinet ministers and address parliamentarians tomorrow. His delegation includes ministers for foreign and religious affairs and the petroleum sector, and the head of Pakistan’s intelligence agency.

“Frank discussions on the war on terror and expanding bilateral cooperation on regional issues,” read a statement by President Karzai’s office.

Pakistan foreign office spokeswoman Tasnim Aslam told AFP news agency that the Presidents “will exchange views on bilateral relations, economic cooperation, reconstruction activities in Afghanistan and cooperation in the fight against terrorism,”

“Afghanistan is expecting the Islamic Republic of Pakistan to take effective action against terrorism,” Afghan Foreign Ministry spokesman Sultan Ahmad Baheen said.

Pakistan signed a peace agreement with pro-Taliban militants in the North Waziristan region on the eve of the visit. The deal aims to end years of unrest in the border province. Under its terms the Pakistan military forces and militants will stop attacks on each other and the militants have agreed to disarm or expel foreign Al-Qaeda-linked fighters in the area. Pakistan has rejected criticism that the deal will allow pro-Taliban forces to operate freely in the area.

“Pakistan is committed to its policy on war on terror, and Osama caught anywhere in Pakistan would be brought to justice,” army spokesman Maj. Gen. Shaukat Sultan told the Associated Press.

On Wednesday, President Karzai met the NATO General Secretary Jaap de Hoop Scheffer in Kabul and signed an accord aimed at boosting security and development in the country. The NATO chief warned that “some of the terrorists, the spoilers, think they can win in the south,”, adding “They are wrong. Because they cannot win, they will not win, […] That is why we are engaged in combat as well at this very moment.”

The visit comes amidst an upsurge in violence in Afghanistan, with US forces saying that 60 militants were killed by artillery and air-strikes on Tuesday. Some 700 more are believed to be surrounded by soldiers in an operation in Khandahar province.

NATO and Afghan forces launched an operation in Khandahar’s Panjwayi district last weekend, and NATO reports 250 militants as killed in the operations, though a Taliban commander has disputed the figure and there is no independent confirmation of the toll. Hundreds have been killed in continuing fighting between government and international security forces and insurgents in the last four months.

An estimated 1500 families have been displaced by the fighting in Khandahar.

Suspected Taliban militants shot dead two muslim clerics in Lashkar Gah, capital of the Helmand province in the last two days and raided a district headquarters in the town of Arghandad in Zabul province.

Musharraf last visited Afghanistan in 2002. Afghanistan has previously complained that Pakistan is not doing enough to combat Taliban insurgency in its side of the 2,250km (1,400-mile) mountainous border between the two countries. Earlier in the year, allegations by Afghanistan that Taliban and Al-Qaeda leaders were living in Pakistan were dismissed by Musharraf as “nonsense”. In February, Afghanistan issued a list of 150 Taliban suspects it said were living in Pakistan. President Musharraf dismissed the information as “old and outdated”, but President Karzai reiterated that the list was up-to-date.

Some Al-Qaeda and Taliban leaders have been arrested in Pakistan, which has also stationed close to 80,000 troops along the Afghan borders. There is international pressure on Musharraf to deal with Islamist groups in Pakistan who are believed to assist Taliban forces.

“Pakistan has the potential to be the solution to the problems of Afghanistan,” Afghan foreign ministry advisor Ali Muradian said.”We hope that President Musharraf will open a new chapter in relations between Afghanistan and Pakistan.”

Pakistan was closely associated with the Taliban’s rise to power in the 90s one of only three nations that recognised the then Taliban government.

While state run dailies Kabul Times and Hewad expressed hope that two leaders will work together to improve security, The daily Cheragh said that while statements about restoring security can be expected from the meeting, “as experience has shown”, previous pledges by Pakistan “have not been fulfilled”.

Kabul Times also said Afghanistan was grateful for Pakistan’s help to thousands of Afghan refugees.

“The key concern is whether the agreement is going to lead to more insurgents going to and fro across the border or less,” A diplomat told AFP, while another questioned Pakistan’s peace deal with the militants.

Monday, February 16, 2009

The United States military Strategic Command (STRATCOM) has said that the ‘fireballs’ spotted over areas of Texas in the United States on Sunday February 15, are not related to the collision of a U.S. and Russian satellite in space. According to spaceweather.com, NASA says the object was a meteor.

“There is no correlation between the debris from that collision and those reports of re-entry,” said STRATCOM military spokeswoman Major Maj. Regina.

“It’s a natural meteor, definitely,” said Bill Cooke, an astronomer at NASA’s Meteoroid Environment Office.

On Tuesday, February 10, the American civilian communications satellite Iridium 33, launched in 1997, and the defunct Russian military communications satellite Kosmos-2251, launched in 1993, collided over Siberia. On Friday February 13, the National Oceanic and Atmospheric Administration (NOAA) issued an alert for falling debris from the satellites, following reports of “explosions and earthquakes” along with “flashes in the sky” in Jackson and Louisville, Kentucky.

Then again on Sunday, calls to 9-1-1 began to come in to Williamson County, Texas sheriff’s office around 12:30 p.m. (Central time) that burning debris and fireballs were seen falling from the sky onto parts of Austin, Houston, Waco and San Antonio.

“The Federal Aviation Administration (FAA) reported to local law enforcement on Friday that these events are being caused by falling satellite debris. These pieces of debris have been causing sonic booms, resulting in vibrations felt by some residents, as well as flashes of light across the sky,” said the NOAA on Friday in an public information alert posted on their website. The FAA says the burning material over Texas is not related to this alert.

“We don’t know what it was [over Texas],” said Roland Herwig, a spokesman for the FAA on Monday. The alerts still remain in effect in Kentucky until further notice.

Residents in Texas reported their homes and windows shaking and large explosions on Sunday morning. After a search of several areas, the Williamson county sheriff’s office reported that no debris or impact sites were found. Earlier unconfirmed reports had said the debris could have been the result of a small plane exploding.

There was previous speculation was that the object in Texas could have been a meteor. Doctor Marco Ciocca, a professor at Eastern Kentucky University told WKYT on Sunday that it’s too early for the debris from the satellites to be reentering the planet’s atmosphere. “[It could] be months” before any of the satellite wreckage enters the earth’s atmosphere. “The debris doesn’t simply fall out of its orbit. It will either vaporize or stay in orbit for some time before falling into earth’s atmosphere.”

However, the Union of Concerned Scientists (UCS) said on February 12 that the debris could have taken 10 days or less to reenter over portions of the planet.

“Within 24 hours of the collision, the U.S. space tracking system had identified 600 pieces of debris. This large number suggests that the collision must have been relatively head-on. If the two satellites hit head-on, rather than a glancing blow, the energy of the collision would completely disintegrate both satellites into clouds of debris,” said the UCS in a statement on their website who also added that the collision took place in “the same region of space where China destroyed a defunct Chinese weather satellite with an anti-satellite (ASAT) weapon” in 2007. “That January 2007 test created a massive amount of debris.” There have been at least eight major satellite collisions since 1991.

The satellites, both of which had a mass in excess of 450 kilograms, and were traveling at approximately 17,500 miles per hour (28,150 km/hour), collided 491 miles (790 km) above the earth. Scientists say the explosion caused by the collision was massive. They are still trying to determine just how large the crash was and how the earth will be affected. STRATCOM continues to track the debris. The results of a plotting analysis will be posted to a public website.

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

Sunday, August 13, 2006

The South African government has set a six-month deadline for some white farmers to agree on sale prices for their farms. The government will be requiring them to sell the farms as part of its land redistribution programme.

Agriculture and Land Affairs Minister Lulu Xingwana said that if no agreement in reached in 6 months, the government could expropriate farmlands. Stating that negotiations have been too slow, in some cases taking many years, Xingwana said that some farm owners were seeking “unrealistic prices”. Land owners claim they are not offered market value for their property.

The government has identified about 350 farms for which, if no deal is reached, the government will force a mandatory sale at current market prices identified by the government.

Officials said that expropriation is only a measure of last-resort and that farmers can appeal the decision in court.

The land reform programme aims to hand back land or give financial compensation to black South Africans who were forcibly removed from their ancestral homes and lands under apartheid rule. The programme was a key promise made by the African National Congress (ANC) as it came to power in 1994 and remains an emotive and politically charged issue.

Currently, about 4% of South Africa’s farm land is owned by blacks, who number 42 million out of the nation’s 47 million population. President Thabo Mbeki‘s government has set a target of transferring 30% of land to blacks by 2014. About 89% of the nearly 80,000 claims have been settled so far, and the government has spent some R2.5bn ($368m) purchasing farms from white owners. The National Land Claims Commission is entrusted with carrying out the transfers.

The reform programme had so far followed a “willing-buyer willing-seller” principle. The process had to contend with land owners challenging the validity of some claims, negotiating sale prices with current owners, and settling competing claims over the same piece of land—sometimes by tracing family trees of claimants when other documents supporting the claim did not exist.

Xingwana called on established farmers to form partnerships with new landowners and to transfer skills to new farmers, to ensure productive use of transferred lands. One criticism of the programme is that some of the transferred farms have fallen in production due to the inexperience and lack of capital among the new owners.

The government has rejected comparisons of the programme with that initiated in Zimbabwe under President Robert Mugabe.

Monday, October 1, 2007

Charles de Kerckhove is running as an independent in the Ontario provincial election, in the riding of St. Paul’s. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Monday, February 26, 2007

Canadian Astral Media Inc. will buy out Standard Radio Inc., which runs many radio stations in Canada. Standard Radio Inc. is the largest privately owned multimedia company in Canada.

Montreal based Astral Media Inc. will buy all of the assets from Standard Radio Inc. for about CAN$1.2-billion. Standard Radio Inc.’s 52 radio stations, and Astral’s 29, will be brought together by Astral Media Inc. This will give Astral 81 radio stations in total. This makes Astral the largest radio operator in Canada of FM and AM radio.

“With the acquisition of Standard Radio, Astral Media will not only be acquiring the best performing radio stations in the country, we will at the same time acquire a company with similar values and culture. said Ian Greenberg, President and CEO of Astral Media.

“Over the past four decades the Slaight family has built a remarkable collection of strong radio brands and has contributed meaningfully in shaping the Canadian radio industry as we know it today. We are delighted with the prospect of welcoming Standard Radio’s employees into our team.”

Gary Slaight, President and CEO of Standard Radio also commented on the deal.

“We are looking forward to becoming a part of the Astral Media family,” said Gary Slaight, President and CEO of Standard Radio. “We are pleased to see our legacy live on with a company such as Astral that has such a strong track record and commitment to its employees and to the Canadian radio and television industries.”

All of Astral’s radio stations are run in Quebec and Atlantic Canada and it also runs various television stations across Canada. Astral also has two french channels that broadcast on Sirius satellite radio Canada.

The company hopes to finalize the deal in or before April.