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Sunday, June 11, 2006

The Kentucky Kernel, the University of Kentucky student newspaper, rejected a full-page ad calling for Tubby Smith’s dismissal as the men’s basketball head coach. Richard Cheeks, a professor at the school, and a group called Concerned Fans for UK Basketball sought the $1,700 ad.

Cheeks said “We see the program in decline. … We don’t want it to decline the way the Louisville program did in the latter years when Denny Crum was there. So we decided that we were going to begin to get our message out.”

A spokesman for Kentucky basketball, Scott Stricklin, said “Being that he’s one of the nation’s winningest coaches, he pretty much knows what it takes to win championships because he’s done it here,” Stricklin said.

The Kentucky Kernel’s general manager, Chris Poore, the decision to reject the ad was without the influence from the University of Kentucky’s administration.

In the past nine seasons at Kentucky, Smith has obtained a 241-71 record, including winning the 1998 national championship.

Sunday, February 14, 2010

Chicago’s Metra is currently considering the possibility of selling the naming rights to its train stations, rail lines, and even bridges to generate more revenue. 

The regional rail system for Chicago and its surrounding suburbs has been experiencing revenue shortfalls, along with other public transportation agencies such as the Chicago Transit Authority and Pace. They all rely on sales taxes and fares to fund their services, but the recent recession has reduced sales tax revenues, and unemployment has caused ridership to fall. Compared to 86.8 million trips in 2008, Metra reported that only 82.3 million trips were provided in 2009. As spokeswoman Judy Pardonnet said, “We’re looking at any opportunity to increase non-fare revenue.”

A law approved by former Illinois governor Rod Blagojevich in 2008 granted free rides to all seniors regardless of income, adding to the decreasing fare revenues as well. State lawmakers are trying to restrict the free rides to low-income seniors; Metra has not yet commented on the issue, however. 

New designs put on the agency’s website last September has attracted more traffic, and Metra is considering selling advertising space online. In addition, advertising space could be sold on the outside of train cars as well. As for the naming rights to stations and routes, Metra plans to hire a consultant that would figure out the details of such a proposal. Spokesperson Meg Reihle did not know how much money Metra could gain from the sale or which organizations would be interested in buying. 

According to Ms. Reihle, public transit agencies in other cities have sold naming rights as well, such as the Greater Cleveland Regional Transit Authority in Cleveland and Long Island Rail Road in Long Island. TECO Energy sponsors a rail line in Tampa’s Hillsborough Area Regional Transit for US$1 million over ten years. 

Throughout its 26-year history, Metra has named several of its locomotives and renamed two stations: Ogilvie Transportation Center, which was previously named North Western Station, and Millennium Terminal, which was previously called Randolph Street. No transactions were made in renaming those two stations, however. There is also a Station named after the candy maker Mars, but that station was named before Metra took it over, and the company doesn’t pay Metra for any naming rights. 

Execuive Director Phil Pagano sees the proposal as a way for businesses to advertise themselves. “I think the business community recognizes that transit is positive for their advertising benefit,” said Mr. Pagano at a board meeting. In addition to businesses, hospitals located near the train stations could purchase naming rights as well. However, Mr. Pagano has also stated that “the agency would be selective about the type of businesses it partners with.”

Metra has said that it will be sensitive to the wishes of the communities near the stops, and town names will not be removed from station names. Rather, both the municipality and the sponsoring organization would share the naming rights, such as in renaming Naperville Station to “Naperville Boeing Station”. “I’m not sure whether [the old name] is first or second, but definitely it’s going to have to be there,” said Mr. Pagano.

Thursday, June 8, 2006

The head of al-Qaeda in Iraq, Abu Musab al-Zarqawi, has been killed in an air strike on a building north of Baqubah city, according to the Iraqi Prime Minister Nouri Maliki.

“Today [sic] Zarqawi has been terminated,” he said Thursday, and suggested the man the United States had placed a $25 million price tag on for death or capture was located through intelligence.

“What happened today is a result of co-operation for which we have been asking from our masses and the citizens of our country,” he said.

The leader of coalition forces in Iraq, General George Casey said al-Zarqawi was killed in a two-storey safehouse about 8 km north of the city in Diyala province.

Several aides also died with him in the Wednesday evening raid by U.S. F-16 warplanes, including his key lieutenant and spiritual adviser Sheik Abdul Rahman. Some analysts believe a US counter-terrorism unit, Task Force 145, was involved in the attack.

Al-Zarqawi’s body, recovered after two 500-pound bombs had blown through his cover, was identified through fingerprint, tattoo and scar analysis and head likeness. Al-Zarqawi, whose real name was Ahmed Fadhil Nazzal al-Khalayleh, was believed to be in his late 30s when he died of injuries while US forces gave medical aid.

The first munition exploded at 6:15pm was a GBU-12 laser-guided bomb that was shortly followed by the newer GBU-38; both carried 500lb of explosives for total cost of $40,000.

The self-proclaimed frontman for Osama Bin Laden’s activities in Iraq, al-Zarqawi, a Jordanian national, is said to have been involved in the beheading of foreigners, hundreds of suicide attacks, and an insurgency against coalition forces after the Iraq war in 2003.

It had been reported Al-Zarqawi’s most recent campaign was to create problems between Shi’ite and Sunni groups in Iraq with ethnic killings.

For the Iraqi government the killing of the wanted murderer is what they sought but it remains unknown what effect the removal of this known figurehead of the Iraq insurgency will have on levels of violence in the country. Al-Zarqawi was not the only person to oppose the US-backed Iraqi government.

“Zarqawi didn’t have a number two. I can’t think of any single person who would succeed Zarqawi…In terms of effectiveness, there was no single leader in Iraq who could match his ruthlessness and his determination,” was the view of Rohan Gumaratna at the Institute of Defense and Strategic Studies in Singapore.

Applause was heard as Mr Maliki, with U.S. Ambassador Zalmay Khalilzad and U.S. Gen. George Casey, by his side, told news reporters “al-Zarqawi was terminated.”

Sources claiming to be Al-Qaeda in Iraq later confirmed that al-Zarqawi had been killed and said that they would fight the United States and the interim Iraqi government despite his death.

United States President George Bush spoke to journalists in the White House Rose Garden about al-Zarqawi’s death. “Zarqawi’s death is a severe blow to al-Qaeda. It’s a victory in the global war on terror, and it is an opportunity for Iraq’s new government to turn the tide of this struggle,” he said.

The US military also confirmed that six people were killed in the strike, including al-Zarqawi, and his spiritual adviser Sheikh Abd-al-Rahman The death toll is reported at three men, three women.[1] Some reports had said al-Zarqawi’s wife and daughter died. However U.S. officials state that there is no evidence confirming the death of al-Zarqawi’s wife and daughter.

Thursday, June 19, 2008

Further rain has continued to fall across southern China after the country was devastated by floods earlier this week.

176 people have been confirmed to have died as a result of the flooding, and around 50 more are officially missing. Xinhua, the state news agency in China, has reported that the flooding in the Pearl River Delta was the worst in the area for over fifty years.

The Chinese government says it evacuated 111,476 in the Sichuan Province. In Wenchuan County, 72,000 were relocated. Over the past week some 1.3 million people have reportedly fled their homes.

The China Meteorological Administration (CMA) issued a warning on the situation before the first wave of flooding. “Faced with the increasingly severe rain and flood situation, at 16 o’clock of June 12, Flood Control and Drought Relief Headquarters of Guangxi urgently started level 2 flood control emergency response and required the relevant departments and places to prepare immediately so as to ensure the work of flood control and drought relief,” the CMA said in a statement released late last week.

Monday, December 11, 2006

A major purchase transaction is being prepared in the diamonds’ industry: Samuels Jewelers started a discussion with a sightholder from Diamond Trading Company (DTC). The latter is to acquire the majority part of retailer’s shares.

There is still not much information about this particular sightholder, except for the fact that it is based in India. The present majority shareholder of Samuels Jewelers is DDJ Capital Management. The representatives of the company do not give any information concerning the potential buyer.

Randy McCullough, the President and CEO of Samuels Jewelers, stated that it would be a great opportunity for the retailer to start a partnership with a DTC sightholder, thus Samuels would be able to re-capitalize its balance sheet, to acquire newer inventory and guarantee itself stable growth in the future.

As for Samuels Jewelers, which is officially called “Samuels, Schubach and Samuels Diamonds”, possesses a network of 97 jewelry stores in 18 US states since October 1 this year. The incomes of the retailer at the end of the previous year are estimated to be around $100,000,000.

The current shareholder of Samuels Jewelers, DDJ Capital Management, is a company, which specializes itself in private equity and debt financings. This managing firm began its activity in 1996 and since then has grown to operate capitals of 79 institutional clients (estimated in approximately 3 billion dollars).

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Tuesday, April 5, 2005

China is questioning a decision by the U.S. Commerce Department that seeks to re-impose trade quotas on Chinese textiles. The three-decade long system of quotas was lifted on January 1.

“This is not reasonable,” Foreign Ministry spokesman Qin Gang told reporters. “This is unfair. This is protectionist.”

The U.S. administration justified their decision by presenting data which showed increases of over one thousand percent for cotton knit shirts and cotton trousers. The administration also cited a 300 percent increase of imports of underwear.

Qin disputed the U.S. reasoning for the decision.

“The major reason for this issue is that the United States has over-protectionist, irrational and unreasonable arrangements,” he said.

“Other countries that are more competitive will still take over from China, and the US can’t impose safeguards on those countries,” Peter Liu, chairman of the textiles and apparel committee at the American Chamber of Commerce, told the Financial Times in Hong Kong. “Obviously, the US textile industry has concerns about job elimination, but on the other hand there are a lot of US industries that like to do business with China by exporting to China. If this escalates into a trade war, that’s to nobody’s benefit,” he said.

The U.S. Association of Importers of Textiles and Apparel (AITA) also supports China’s product imports.

“There is no reason to believe that imports of these products from China are causing market disruption,” AITA spokeswoman Laura E. Jones said.

The U.S. administration cited a need to avoid “market disruption.”

“Free trade must be fair trade, and we will work to ensure that American manufacturers and workers compete on a level playing field,” read a statement issued by U.S. Commerce department spokeman Carlos M. Gutierrez. “The decision is the first step in a process to determine whether the U.S. market for these products is being disrupted and whether China is playing a role in that disruption.” The statement also said the administration was “providing assistance to our domestic textile and apparel industry consistent with our international rights and obligations.”

“We are very pleased that the government is taking this action,” Lloyd Wood, a spokesman for the American Manufacturing Trade Coalition told The New York Times. “It sends a strong message to China that predatory trade practices will be investigated.”

The U.S. Committee for the Implementation of Textile Agreements issued its decision on Monday, under the rules of the World Trade Organization (WTO). China joined the WTO in 2001.

Shirts, trousers, and underwear are one of the few remaining types of clothing manufactured in the United States. The United States is running an all-time high trade deficit with China of US$162 billion.

Friday, August 25, 2006

Israel has purchased two more Dolphin class submarines which have the capacity to carry nuclear warheads. Israel already has three older nuclear weapons-capable Dolphin submarines but the new Dolphins have propulsion systems that allow them to remain submerged for longer periods of time, according to the Jerusalem Post, making it harder for them to be tracked by satellite. Experts view the purchase as a clear signal to Iran that Israel can retaliate if subjected to a nuclear attack.

“The Iranians would be very foolish if they attacked Israel,” said Paul Beaver, a British based defence analyst, speaking to the Washington Post. According to Beaver, the submarines would provide Israel with both first strike and second strike capability.

Israel already has land-based nuclear-capable ballistic missiles in the form of the Jericho I and II missiles.

German officials confirm that the contracts for the new submarines was signed July 6. The Jerusalem Post reports that they will be operational shortly.

Israel has never confirmed nor denied that it has nuclear weapons but is believed to have the world’s sixth largest stockpile of the devices, with most outside estimates putting their stockpile in the low hundreds. Israel’s possession of nuclear arms has often been a locus of bitter controversy in the Middle East, especially among countries who believe that the world community, and especially the United States, is hypocritical in its tolerance of Israeli nuclear arms while decrying the efforts of other Middle Eastern nations to develop their own nuclear capabilities.

Meanwhile, the Jerusalem Post reports there is a growing mood among Israel’s defence establishment that the country will have to act independently to stop Iran from obtaining nuclear weapons as the United States is unlikely to do so.

“America is stuck in Iraq and cannot go after Iran militarily right now,” according to an unnamed official quoted by the paper.

A report by the US House of Representatives’ Intelligence Committee released on Wednesday asserts that if Iran arms itself with nuclear weapons, Israel would be pressed to respond militarily. “A nuclear armed Iran would likely exacerbate regional tensions. Israel would find it hard to live with a nuclear armed Iran and could take military action against Iranian nuclear facilities,” the report states. Iran has continually maintained that it seeks only to develop nuclear technology for the production of electrical power, though this has been disputed by many nations.

Sunday, July 1, 2007

A young woman was killed Friday night after an accident occurred on a gyrating ride at the Playland amusement park in Rye, New York in the United States. The woman, Gabriela Garin, was a worker at the amusement park, and had worked there for the past seven years.

The accident occurred near the end of Garin’s shift; as she was loading riders onto the ride. The ride’s new operator, unaware of Garin’s presence, started the ride while Garin was still on it. The new operator then noticed Garin, and shut the ride down in 20 seconds, but Garin had already been ejected from the ride and killed, according to a park spokesperson.

The ride is an attraction that spins people around in two-seat cars, inside a darkened tent to flashing lights and music.

This incident is not the first in the ride’s history. In 2004, a seven-year-old from Connecticut managed to free herself from the ride’s restraining bars, and climb onto the front edge of her seat. She fell soon after the ride started. A safety precaution was put in place after this incident, however, the spokesperson acknowledged that it was not followed when Garin was killed.

The company which owns the ride shut it down, along with two other rides it owns at the park.

This is the fourth fatality in the park’s history. The park features more than 50 rides, a pool, and a beach. It attracts more than 1 million visitors annually.