April 9, 2005

A bid topping $17.7 billion was jointly proffered by Time Warner Inc. and Comcast Corporation on Thursday to buy beleaguered Adelphia Communications Corporation in an industry consolidation move. Adelphia is the fifth largest cable service provider in the United States with nearly 5 million subscribers.

The market-share grabbing bid trumps the previous Cablevision offer of $16.5 billion. The bid is under scrutiny by the presiding judge over the Adelphia’s Chapter 11 bankruptcy filing, and must also be approved by the company’s creditors owed in the range of $20 million.

The acquisition race to gain dominance in the cable service provider market is driven by the high cost of installation and maintenance of cable lines. Fiber optic networks deliver traditional entertainment programming over a cable wire and is becoming increasingly popular for broadband internet content. The growing trust and recognition of Voice over Internet Protocol (VoIP) suggests phone service subscribers will eventually migrate to cable voice communication as opposed to keeping with traditional copper land lines. Telephone company operators are scrambling to keep up.

The largest percentage of the bid would be put up by Time Warner (TW), who could gain by getting subscribers from the valuable Los Angeles market currently owned by Comcast and Adelphia. TW can also simultaneously divest itself of a stake owned by Comcast in TW by making a tax-free swap using some of the newly garnered Adelphia subscribers.

While the consolidation would likely get a look by the government with an eye towards a growing monopoly in the market, it would doubtfully be blocked considering the existence of competing technologies. Competition exists in the form of still numerous television by airwaves usage, satellite providers, radio content companies, and telecom providers.

Adelphia suffered a corporate scandal in 1992 with similarities to the WorldCom fall. Members of the Rigas family, founders of the company, were alleged to have siphoned off millions of dollars and hidden $2.3 billion leading to the bankruptcy filing. John Rigas and son Timothy were convicted July of 2004 and await sentencing.

Sunday, August 16, 2009

Pakistani Prime Minister Yousaf Raza Gillani has launched Pakistan’s first international container train service from Islamabad to Istanbul via the Iranian capital, Tehran, as a trial project of the Economic Cooperation Organization to boost Pakistan’s trade with Turkey and Iran.

The train is carrying 20 containers on its first journey from Islamabad railway station, delivering 14 to Tehran and 6 to Istanbul and will cover 6,500 kilometres in two weeks.

Minister for Railways Ghulam Ahmed Bilour said a successful trial phase of the freight train service would be followed by a passenger train service in an effort to boost tourism in the region.

There are also hopes the route will eventually provide a link to Europe and Central Asia.

Thursday, October 4, 2007

Glenn Crowe is running for the NDP in the Ontario provincial election, in the Bramalea-Gore-Malton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Crowe did not reply to various questions asked.

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, December 7, 2015

Yesterday, at least seven people including Aden, Yemen governor Jaafar Mohammed Saad died in a car bomb attack on their convoy in the city of Aden, according to local officials. An online claim of responsibility on behalf of militant group ISIS called Saad a “tyrant”.

An online post purportedly from the group claimed they detonated the bomb as Saad’s convoy passed where the car was parked. The post shared photos purporting to show Saad’s vehicle passing the parked car, and the following explosion.

People as much as 10km away reported hearing the explosion, and medics said it left victims’ bodies unrecognizable. Photos supposedly of the attack showed a burning, wrecked car. Aden’s Jumhoriya Hospital treated the victims.

The online statement threatened to “chop off” the “rotten heads” of Yemen’s “infidels”, and said more attacks are coming.

Iran-backed Houthi rebels, who follow Shia Islam, have taken over Yemen’s capital of Sanaa. Until just recently, President Abed Rabbo Mansour Hadi’s government operated for several months in Saudi Arabia, which has led a coalition involving air strikes against the rebels.

Yemeni fatalities in ISIS-claimed bombings this year number reportedly around 159. Yemeni fatalities since March, when Saudi Arabia’s pro-Hadi airstrikes began, number at least 5,700 according to the United Nations.

Saturday, June 30, 2007

Glasgow International Airport in Renfrewshire, Scotland was evacuated after a green Jeep Cherokee struck the airport’s terminal building and burst into flames at 1511 BST.

An eyewitness told the BBC that “[A] man was on fire.” All flights are grounded, and two men have been arrested and the United Kingdom has raised the national threat level to “critical” which means another terror attack is imminent.

Eyewitnesses described a Jeep speeding toward the building with flames coming out from underneath. They also reported seeing two Asian men in the car, one of whom was on fire.

The BBC quoted an eyewitness as saying that two attempts were made to ram the Jeep through the wall, and that the passenger was holding a lit Molotov Cocktail and made several attempts to throw the bottle.

The Strathclyde Police Chief announced that the event is being linked to the earlier attempted car bombings in London, and as such is being treated as a terrorist investigation.

Eyewitnesses are now saying that one of the two men was pouring bottles of petrol into the car’s interior and onto himself, before running from the car, on fire, into the main terminal building. Witnesses have also reported that gas cylinders were removed by bystanders from the burning vehicle.

According to the BBC, the driver of the vehicle put up a violent struggle before being overpowered by the police and public. One person who tackled him was Stephen Clarkson, a member of the public.

Richard Gray, an eyewitness to the event, stated “There was an Asian guy who was pulled out of the car by two police officers.”

Seven people have been taken to local hospitals with injuries.

Police said that this incident was a deliberate attempt and not a road accident. Officials have also said that the incident is connected to earlier attempted car bombings in London the day before.

Two people have been arrested, one of whom was badly burned. Seven known casualties, including the Asian male have been taken to the Royal Alexandra Hospital, Paisley.

While the suspect was being treated in the hospital, a suspect device was discovered in the hospital, resulting in the partial evacuation of the building while the device was moved to a safe area. This object later turned out to be mundane, although initial reports believed it to be a suicide belt.

The BBC announced that the Prime Minister is being kept fully informed. He chaired a meeting of Civil Contingencies Committee (COBRA) at 1900 (BST), after which the Home Secretary, Jacqui Smith, announced that the national threat level been elevated from “Severe” to “Critical”, meaning another attack is expected “imminently.”

Officials at Edinburgh Airport have said that all cars are being turned away from the airport, and at Heathrow in London, passengers are being advised not to bring private cars near to the terminal buildings. Some passengers were kept waiting in planes while the area was secured.

The first bomber, who was taken to Govan high security prison, has now been interviewed, though no further statements from Strathclyde police have been forthcoming. The second bomber, who was taken to the Royal Alexandria hospital in Paisley, is listed in critical condition tonight, and is being kept under 24-hour guard.

2,300 passengers who were due to set off from Glasgow Airport today have been driven by coach to a conference centre, where a reception area has been set up for them.

Two people were arrested by The Metropolitan Police Anti-Terrorist Branch on the M6 motorway in Cheshire in connection with the Glasgow International Airport attack and attempted London car bombings.

The Prime Minister Gordon Brown is expected to hold another COBRA meeting with other members of the Cabinet today. This will be the fifth COBRA meeting in 48 hours.

Wednesday, May 24, 2006British sailor Adrian Flanagan, seeking to become the first person to single-handedly circumnavigate the globe in a north-south direction, set sail from Honolulu on May 17 after a nine-day stop for supplies and repairs to his boat.

Flanagan had spent his stay as a guest of the Waikiki Yacht Club, which arranged for emergency repairs to his boat.

Flanagan, 45, left England on October 28, 2005, headed south through the Atlantic and around the coast of South America. His boat, the 40-foot vessel Barrabas, suffered structural damage during stormy weather around Cape Horn at the southern tip of South America, as a loose wire cut a gash into the mast of his boat. He also suffered dislocated wrists while navigating through the storm.

Flanagan had initially sought to become the first person to circumnavigate the globe solo without stopping, but the stop in Honolulu brought that goal to an end. When Flanagan reached Hawaii, he had traveled 18,221 miles (29,318 km), becoming the first person to sail solo from Britain to Hawaii westward via Cape Horn.

Flanagan said it had been a dream since he was 15 to be the first to sail the world through the frigid Arctic Ocean instead of the more traditional Pacific/Atlantic route.

The next major landmark on Flanagan’s journey is the Bering Strait. According to Flanagan, to successfully navigate the Arctic Ocean, he would need to reach the Bering Strait by July 15. He hopes to travel along the northern coast of Russia to the United Kingdom, conditions permitting.

Sunday, November 8, 2009

China has offered Africa concessional loans worth US$10 (€6.5) billion as part of a host of new measures aimed at improving the economy of African nations. The announcement was made at the opening of the Forum on China-Africa Cooperation (FOCAC) in Sharm el-Sheikh, Egypt. Leaders of nearly 50 African countries are attending the two-day conference.

China had already stated today at the 3rd Conference of Chinese and African Entrepreneurs, held immediately before the FOCAC, that Chinese firms would be encouraged to invest in Africa, while both sides would work together to improve the tourism, telecommunications and finance industries. China also said that governments should work with businesses to ensure co-operation between China and Africa.

As well as the loans, made over three years, China will write off the debt of Africa’s poorest countries, build 100 African green energy facilities and systematically lower import duties on 95% of all African products exported to China. Another promise is a loan of one billion dollars aimed at small and medium sized businesses in Africa. There will also be efforts to promote each other’s culture and increased medical assistance to Africa. Medical assistance comes in the form of 500 million yuan (US$73.2 million) of goods for the 60 hospitals and malaria centers China has already built, as well as 3,000 doctors and nurses. Roads will also be improved.

China also plans to assist with satellite weather monitoring, to help combat desertification and work within the urban environment, all aimed at reducing global warming. The new energy facilities will focus on solar, biogas and small-scale hydroelectrical installations. Another new measure is a promise to aid African farmers to ensure the continent is fed, increasing the number of demonstrations of agricultural technology in Africa to 20 and sending 50 teams of agricultural technology experts to the continent. Training in agricultural technology will be provided to 2,000 people.

“The Chinese people cherish sincere friendship toward the African people, and China’s support to Africa’s development is concrete and real,” said co-chair Chinese Premier Wen Jiabao as the FOCAC opened up, adding “Whatever change that may take place in the world, our friendship with African people will not change.” He described this friendship as ‘unbreakable’. Two years ago China pledged US$5 (€3.37) billion at the last FOCAC in Beijing and now, according to Jiabao, “China is ready to deepen practical cooperation in Africa.”

China has fulfilled its 2006 pledge, investing a total of US$7.8 (€5.26) billion in Africa last year alone. 49 African countries are represented at the FOCAC, which was created in 2000, although Jiabao noted that relations between China and Africa go back fifty years. China had already forgiven or reduced the debt for thirty nations at that FOCAC summit.

According to Chinese state-owned paper China Daily, trade between China and Africa increased by 45% last year, to give a total value of US$107 (€72.1) billion, a tenfold increase since 2001 and up from US$491 (€331) million in 2003. The Chinese have a 9.8% market share, the largest of any nation, according to the U.S. Commerce Department. China has paid for schools, hospitals, malaria clinics and Chinese scholarships for African students. 50 more schools are to be built and 1,500 people trained to staff them.

Since 2006 Chinese energy firms have committed to spend at least US$16 (€10.8) billion securing African oil and gas. China’s Sinopec Group, an oil giant, bought up Addax Petroleum Corporation from its Swiss owners that year, gaining control of oilfields in Nigeria, Cameroon and Gabon. China promised earlier this year to spend US$9 (€6) billion on infrastructure in the Congo in exchange for mineral deposits for mining operations.

Jean Ping, leader of the African Union, said the told those at the conference that the money is coming at an opportune time, because African growth was “totally compromised” by the global financial crisis. Ping said one of the lessons learned is that the world is paying for “the irresponsible and lax behavior” of large financial companies whose philosophy was to make short-term profits.

Not all Africans are happy with China’s increasing involvement in their continent. Trade practices are a concern for some, with a view that China exploits Africa for raw materials before selling back finished goods. Among these are Egyptian Trade and Industry Minister Rachid Mohamed Rachid. Egypt is the richest nation in the Middle East and is discussing this perceived issue with China. Rachid told Bloomberg “What is a worry for me is if competition is unfair. That is where we are unhappy.” Jiabao described the trade as being based on “win-win programmes… and transparency.”

Others in Africa are delighted with the situation. “We want more investment from China,” Tanzanian President Jakaya Mrisho Kikwete told the forum. Egypt’s own President Hosni Mubarak talked of “peace, security and growth,” and of “boosting cooperation between China and Africa.”

Jiabao also used his speech to respond to criticisms that China worked with nations regardless of their human rights record, such as Sudan, whose President Omar al-Beahir is wanted on a warrant issued by the International Criminal Court for war crimes. “Africa is fully capable of solving its own problems, in an African way,” he said, adding that “China has never attached any political strings […] to assistance to Africa.”

Beshir thanked China in a speech for diplomatic work in Sudan, including working to defuse the Darfur conflict, which the United Nations says has left 300,000 dead. “We express our deep appreciation for China’s efforts in backing the comprehensive peace agreement in Sudan and its peace efforts in Darfur,” he said, referring to a peace deal between the northern and southern parts of his country. “We thank China particularly for backing efforts by our countries to achieve peace and stability in Africa’s zones of conflict.” Jiabao said China was willing to work towards “the settlement of issues of peace and security,” in Africa.

A further criticism has been that China has brought in Chinese workers and used their own knowledge, instead of training locals. Jiabao’s speech indicated an intention to co-operate better in the fields of science and technology, as well as improve training for African students on technical courses.

“Why do some only criticise China?” asked Jiabao. “Is this a view representing African countries, or rather the view of Western countries?”