Author: Admin

Wednesday, May 16, 2007

The Thomson Corporation and Reuters Group PLC announced Tuesday that they have agreed to combine the two companies. The boards of both Thomson and Reuters will recommend the merger to their shareholders.

The Canadian Thomson-family holding company Woodbridge, which controls 70% of Thomson, has agreed to vote in favour of the deal and the Reuters Founders Share Company, which controls a special share in Reuters, will also support the merger.

Based on the TSX CA$46.36 closing share price of Thomson on May 14, 2007, each Reuters share would be valued at 691 pence and, therefore, the full capital of Reuters valued at approximately £8.7 billion. Cash requirements for the deal are to be provided by Thomson. Woodbridge will own approximately 53 percent of the combined company, other Thomson shareholders 23 percent and Reuters shareholders about 24 percent.

The merger arrangement will leave two separate companies that will be operated as a single entity. The boards of the two companies will be identical as will the senior executive management team. Thomson will be renamed to Thomson-Reuters Corporation, and will be listed on both the TSX and the NYSE. Thomson-Reuters PLC will list on the London Stock Exchange and the NYSE.

Reuters current CEO, Tom Glocer, will become CEO of the combined company while Thomson President and CEO Richard J. Harrington will retire at the completion of the merger.

Thomson has currently 32,000 employees worldwide, with operations in 37 countries and revenues of US$6.6 billion in 2006. Thomson’s major business operations centre around financial information and legal services, with smaller ventures in tax accounting, health care, and the scientific field. Thomson is headquartered in Stamford, Connecticut, in the United States.

Reuters is one of the world’s largest news agencies, with a total of 16,800 staff in all divisions, but derives more than 90 percent of its revenue from its financial service business. It is the merger of Thomson and Reuter’s financial services divisions that may have been the genesis of the talks. It has been suggested that both companies wanted a better economy of scale to compete with Bloomberg, the American financial services giant.

“We are enormously proud of the evolution of The Thomson Corporation and the value it has created for all our shareholders,” said David Thomson, Chairman of Thomson. “We recognize the rich history of Reuters and are committed to uphold the Reuters Trust Principles.”

The chairman of Reuters, Niall FitzGerald, expressed his satisfaction with the merger. “The shared expertise and complementary strengths of these two companies makes for a strategically compelling and financially attractive combination,” said FitzGerald in a joint press release. “I am especially proud that Reuters journalism will continue to be governed by the powerful Reuter Trust Principles of independence, integrity and freedom from bias.”

The new company is projecting efficiencies of greater than US$500 million per year, by the end of the third year after closing the deal.

Criticisms were raised by Reuters journalists, who voiced concerns in an open letter to the Reuters Founders Share Company. They worried whether or not “a reconstituted Reuters would maintain the high standards of journalism and the integrity, independence and freedom from bias that have shaped the company’s 156-year-old reputation.”

It is expected that the merger will draw the attention of regulators due to the size and nature of the transaction. “Antitrust authorities in Europe and the U.S. are almost certain to apply a more detailed and lengthy review of the acquisition than is typical, because of the limited number of companies that supply prices, data, news and financial tools,” said Simon Baker, analyst, Credit Suisse in London.

Monday, November 5, 2007

In the 1980’s and the 1990’s there were multiple allegations of sexual abuse of children or non-consenting adults in the context of Satanic rituals that has come to be known as The Satanic Panic. In the United States, the Kern County child abuse cases, McMartin preschool trial and the West Memphis 3 cases garnered worldwide media coverage. One case took place in Jordan, Minnesota, when children made allegations of manufacturing child pornography, ritualistic animal sacrifice, coprophagia, urophagia and infanticide, at which point the Federal Bureau of Investigation was alerted. Twenty-four adults were arrested and charged with acts of sexual abuse, child pornography and other crimes related to satanic ritual abuse; only three went to trial with two acquittals and one conviction. Supreme Court Justice Scalia noted in a discussion of the case, “[t]here is no doubt that some sexual abuse took place in Jordan; but there is no reason to believe it was as widespread as charged,” and cited the repeated, coercive techniques used by the investigators as damaging to the investigation.

One of the most visible Satanic organizations—though one that was never a suspect or charged in any of the Satanic Panic cases—is the Church of Satan, founded by Anton LaVey. Members of the Church, such as Peter H. Gilmore, Peggy Nadramia, Boyd Rice, Adam Parfrey, Diabolos Rex, and musician King Diamond, were active in media appearances to refute allegations of criminal activity and the FBI would later issue an official report debunking the criminal conspiracy theories of this time.

Gilmore feels Satanists are often misunderstood or misrepresented. LaVey’s teachings are based on individualism, self-indulgence, and “eye for an eye” morality, with influence from Friedrich Nietzsche and Ayn Rand; while its rituals and magic draw heavily from occultists such as Aleister Crowley. They do not worship—nor believe in—the Devil or a Christian notion of Satan. The word “Satan” comes from the Hebrew word for “adversary” and originated from the Abrahamic faiths, being traditionally applied to an angel. Church of Satan adherents see themselves as truth-seekers, adversaries and skeptics of the religious world around them.

On a windy October day in Central Park, Wikinews reporter David Shankbone sat down with the High Priest of the Church, Peter H. Gilmore, who has led LaVey’s congregation of Satanists since his passing in 1997 (he became the High Priest in 2001). They discussed the beliefs of the Church, current events, LaVey’s children and how Satanism applies to life and the world.

Thursday, May 11, 2006Marxists retained West Bengal and regained Kerala in assembly elections in 5 Indian states whose results were declared today. Tamil Nadu is likely to have its first coalition government headed by DMK’s leader M Karunanidhi. Assam faces a hung assembly, while the Congress-led Front won overwhelmingly in Pondicherry

The Left Front, led by the Communist Party of India (Marxist), won 235 out of the total 294 assembly seats in West Bengal. West Bengal Chief Minister Buddhadeb Bhattacharjee has scored a thumping victory in Jadavpur, winning by a margin of over 58,000 votes.

“It is our victory. All credit goes to the people,” Bhattacharjee told reporters.

Veteran CPI(M) leader and previous Chief Minister Jyoti Basu hailed the ruling Left Front’s “march to power” in West Bengal for the seventh successive term as “unprecedented in parliamentary history”. Basu was Chief Minister of West Bengal from 1977 to 2000.

Tamil Nadu is likely to have its first coalition government headed by DMK leader M Karunanidhi after Chief Minister Jayalalithaa is voted out of power. The DMK-led front won in 162 out of 230 assembly seats in Tamil Nadu. And for the fifth time, DMK chief M Karunanidhi is all set to become the chief minister of the state.

In Kerala, The Left Democratic Front was victorious in 98 seats out of 140 constituencies. The UDF, which came to power last time with 99 seats, won only 41 seats.

Assam is heading for a hung assembly, whereas in Pondicherry, a Union Territory of India, Indian National Congress-led Front won 20 of 30 seats.

Friday, November 20, 2009

Health officials in both the United States and Norway have confirmed the presence of a mutated strain of the H1N1, swine flu virus in several patients in the countries. The mutation is resistant to current treatments for H1N1 such as tamiflu, oseltamivir and zanamivir.

At least three patients in Norway were confirmed to have the mutated strain of H1N1, with two of the cases being fatal. Health officials say the three cases are not related and isolated from one another.

At least four new cases of the mutation were detected in patients at Duke University Medical Center in North Carolina. Three of the four cases were fatal, but the same patients also had severe underlying illnesses before they caught influenza. Two prior cases of the mutation in the same state, were reported in the Summer of 2008. Health officials say none of the cases are related.

Director of the Center for Disease Control‘s Center for Immunization and Respiratory Diseases, Anne Schuchat says the cases are appearing in the U.S. “sporadically.”

“It’s just too soon for us to say what this is going to mean long term. It’s an important finding for the influenza virologists, and they’re looking into it. [The mutation] has no implications for how good the match of the vaccine is and no implications for treatment with antiviral medicine,” said Schuchat during a press conference.

Health officials in other countries such as Mexico, China, Japan, Ukraine and Brazil, also report cases of the mutation.

Wednesday, February 6, 2008

The niece of the Church of Scientology‘s top leader David Miscavige has come forward publicly with criticism of the organization and of Scientology practices. Jenna Miscavige Hill, daughter of David Miscavige’s older brother Ron Miscavige, described Scientology policies which broke apart her family and continue to keep members of her family from talking to each other. Hill criticized Scientology practices in a letter to a public relations spokeswoman for the Church of Scientology and in a broadcast of the television program Inside Edition which aired Tuesday, and was interviewed by an investigative journalist for the New York Post.

Hill wrote an open letter addressed to Karin Pouw, Public Affairs Director of the Church of Scientology International, in response to a 15-page statement issued by Pouw on January 14 which was highly critical of Andrew Morton‘s new book on prominent Scientologist Tom Cruise, Tom Cruise: An Unauthorized Biography. Hill’s letter was posted to the Internet newsgroup alt.religion.scientology on January 25, and has since been widely posted on other Internet message boards.

In Pouw’s statement on Morton’s book, she called it a “bigoted defamatory assault replete with lies”. In her letter to Pouw, Hill responded “I am absolutely shocked at how vehemently you insist upon not only denying the truths that have been stated about the church in that biography, but then take it a step further and tell outright lies.” Specifically, Hill rebuked the Church of Scientology’s denial of a practice called “disconnection“, where members are instructed to sever all ties with friends and family who are critical of Scientology and deemed a “Suppressive Person“, or SP.

Hill wrote that it was this particular policy which broke up her family when she was 16, going on to detail how the Church of Scientology restricted her communications with her parents: “Not only was I not allowed to speak to them, I was not allowed to answer a phone for well over a year, in case it was them calling me.”

When contacted for a comment on Hill’s letter, Karin Pouw told the Agence France-Presse: “The church stands by its statement of 14 January. The church does not respond to newsgroup postings.” Hill explained her motivation for writing the letter to the Agence France-Presse: “My intention is to put it on a public forum so they are pressured into changing their ways — even if it is just to cover for themselves.”

In a broadcast of the television program Inside Edition which aired Tuesday, Hill spoke with reporter Les Trent about Scientology’s disconnection policy. Hill described a pregnant friend whose parents are still members of the Church of Scientology; but will not speak with her: “She lives in L.A. – her parents live right around the hill from her, you know she tried to call them when she was having her first child, and they were like: ‘No, sorry, I can’t speak to you.'” The Church of Scientology told Inside Edition that the allegation made by Hill is “the opposite of what the church believes and practices.” Hill last spoke to her uncle David Miscavige four years ago, around the same time that she viewed a promotional video featuring Tom Cruise, at an awards ceremony. This video was recently leaked to the Internet and appeared on the video sharing site YouTube. YouTube took the video down due to a legal complaint from the Church of Scientology, but though the website Gawker.com received a similar legal complaint, Gawker has stated that the video is newsworthy and will not be removed.

Prominent free speech activist and critic of Scientology David S. Touretzky commented on these recent developments, in an interview Wednesday with Wikinews reporter Nicholas Turnbull: “She has nothing to do with Chanology [the recent anti-Scientology movement that has gathered on Internet message boards], but what we’re seeing here is a “perfect storm” of entheta [material considered negative by Scientology]. It’s all coming together in a chain reaction: The Tom Cruise video, Andrew Morton’s bio, Kirstie Alley’s craziness, Kimora Lee Simmons, Jenna Miscavige, and there’s more to come!” Another critic of Scientology, Mark Bunker of the website XenuTV.com, compared the recent revelations to troubles in Scientology founder L. Ron Hubbard‘s family: “Just as L. Ron Hubbard’s family was rocked with turmoil, so it seems is Miscavige’s.” Bunker commented on the Inside Edition piece: “This is a jaw-dropping TV segment — although Inside Edition clearly didn’t understand just how important a story they had.”

In an interview published Wednesday in the New York Post, Hill stated that she has been harassed by the Church of Scientology for speaking out against the organization: “The church has contacted several of my friends, telling them that I am smearing the church and I am going to be declared a suppressive person and asking my friends if they would disconnect from me and, in at least one case, insisting that they do.” The New York Post attempted to contact Karin Pouw for a comment, but she did not respond in time for their publication.

Tuesday, April 14, 2009

French fishing vessels have blockaded the English Channel ports of Calais, Bolougne, and Dunkirk.

The protest is an industrial action over tighter fishing quotas imposed by the European Union, with French fishing unions asking for their government to provide financial assistance or take a tougher line. CFTC Fishermans Union spokesman Bruno Dachicourt told Agence France Presse: “There are easily twenty boats blocking the port of Boulogne-sur-Mer in organized ranks. Not a boat will go in nor out.”

The fishermen are protesting the lowering of European Union quotas on fishing, which place a ceiling on the amount of fish that the fishermen of each member country are allowed to catch and sell. The EU has lowered quotas in response to concerns about the sustainability of fisheries, but each drop in quota reduces the amount of work each fishing vessel can do. “The feeble amount of the quota obliges us to close the fishing zones three months after the beginning of the catch”, said Stéphane Pinto, spokesman for the CFDT trade union group representing fishermen in Boulogne.

Ferry sailings between Dover in the United Kingdom and Calais were suspended, with UK authorities implementing the Operation Stack management plan in response. Under the plan sections of the M20 motorway are closed to traffic and used as a managed lorry park. Motorists have been advised to seek alternative routes if possible. Most cars and passengers from the P&O Calais-Dover sailings at 16.10 (apparently the first sailing affected), 17.40 and 18.25 left on the “Pride of Dover” at 11.47 arriving Dover at 12.30. Two SeaFrance ferries, Renoir and another, left slightly earlier.

Fishermen have also used fires and roadblocks to interfere with access to the ports by road.

The blockades come eight days after a similar incident in the Mediterranean, when French fishermen in Marseille, Ajaccio, Toulon and other port cities interfered with oil tanker movements and blockaded ports throughout the south of the country.

Wikinews is unaware of any official statement from the British or French Governments in response to the blockade.