ttradeshows.com

July 12, 2018

US automaker bailout deal fails to pass Senate

Filed under: Uncategorized — @ 1:24 am

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

HAVE YOUR SAY
Did the Senate do the right thing in rejecting the bailout plan?
Add or view comments

Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

Canada’s Etobicoke Centre (Ward 3) city council candidates speak

Filed under: Uncategorized — @ 1:21 am
This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Monday, October 30, 2006

On November 13, Torontoians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Etobicoke Centre (Ward 3). One candidate responded to Wikinews’ requests for an interview. This ward’s candidates include Doug Holyday (incumbent), Peter Kudryk, Lillian Lança, and Ross Vaughan.

For more information on the election, read Toronto municipal election, 2006.

Several large explosions reported in Xinjiang, China

Filed under: Uncategorized — @ 1:20 am

Sunday, August 10, 2008

Authorities say that “violent terrorists” attempted to blow up sites in the Xinjiang province of the country. Police say at least 11 people were killed, all except one were reported to be the attackers responsible for the blasts. Police say three more were arrested and another three are “still at large.”

Monsters and Critics.com quote Deutsche Presse-Agentur as saying witnesses on scene reported a plane flying over the town of Kuqa which was followed by 20 large “flashes”, but “no fire or smoke” which was then followed by “sporadic” gunfire. According to Xinhua the explosions occurred at about 3:20 local time (19:20 GMT) and 4:00 (20:00 GMT).

Despite the claims by police, Xinhua stated that authorities sealed off the town where the attacks have occurred and exchanged gunfire with the terrorists killing at least one while another, strapped with explosives, detonated himself. One other terrorist was injured and one was arrested. Military personnel were also reported to have been dispatched to the area. One early report stated that the government offices in Kuqa are unaware of any bombings.

The explosions, which witnesses report as home-made, were directed toward shopping centers, government buildings, hotels and military offices. At least two police cars were also destroyed by the blasts. Xinhua reports that the bombs were “bent pipes, gas canisters and liquid gas tanks.” One attacker drove a three-wheeled bike packed with explosives into the public safety building in Kuqa, which killed one security official and injured two civilians. Hours later, while police were hunting for more suspects, several terrorists began to throw bombs at them. Police killed two, while three others who were strapped with explosives detonated themselves.

Police and government officials refuse to confirm or deny the reports by Xinhua.

The Xinjiang region has a strong independence movement, largely in the form of 8 million Muslim Uyghurs. The East Turkestan Islamic Movement wishes to create an independent Islamic state out of part of what is currently Xinjiang. China has stated that the Uyghur separatists are the biggest potential terrorist threat to the 2008 Olympics in Beijing.

No one has claimed to be responsible for the blasts.

Acting teacher and director Milton Katselas dies at age 75

Filed under: Uncategorized — @ 1:20 am

Tuesday, October 28, 2008

Acting teacher and director Milton Katselas died Friday at age 75, after suffering from heart failure at Cedars-Sinai Medical Center in Los Angeles, California. He began the Beverly Hills Playhouse in 1978 and taught acting classes there to noted actors including George Clooney and Gene Hackman. Katselas is survived by a sister and two brothers.

Katselas directed an off-Broadway production of Edward Albee‘s The Zoo Story, and received a Tony Award nomination for his 1969 direction of Butterflies are Free. Actress Blythe Danner won a Tony Award for her role in Butterflies are Free under Katselas’ direction. He moved to California to direct the film version of that play, and went on to direct films and television movies. Actress Eileen Heckart received an Academy Award for her role in the film version of Butterflies are Free.

Katselas directed the San Francisco and Los Angeles productions of the play P.S. Your Cat Is Dead! by playwright James Kirkwood, Jr. In his author’s notes in the publication of the script, Kirkwood acknowledged Katselas, and wrote that the plays were “directed with incredible energy and enthusiasm by Milton Katselas, to whom I am extremely indebted”.

Katselas directed the television movie Strangers: Story of a Mother and Daughter, and actress Bette Davis received an Emmy Award for her role in the movie. Katselas taught many famous actors including Michelle Pfeiffer, Richard Gere, Robert Duvall, Jack Lemmon, Al Pacino, Goldie Hawn, Christopher Walken, Burt Reynolds, George C. Scott, Elizabeth Taylor, Richard Burton, Alec Baldwin, and Patrick Swayze. Katselas was credited with being able to nurture actors with raw talent so that they could develop strong Hollywood careers. He utilized innovative techniques in his courses – one course called “Terrorist Theatre” had a simple premise: successfully get an acting role within six weeks or leave the course.

He grew up in Pittsburgh, Pennsylvania to parents who had immigrated from Greece, and graduated from Carnegie Mellon. He studied acting with Lee Strasberg in New York at the Actors Studio, and received advice from directors Joshua Logan and Elia Kazan.

Katselas was a prominent Scientologist, and a July 2007 profile on Katselas in The New York Times Magazine observed that some of his students stopped taking courses at the Beverly Hills Playhouse because they felt they had been pressured to join the Church of Scientology. According to the article, Katselas credited Scientology founder L. Ron Hubbard “for much of his success in life”, and one of his students works at Scientology’s Celebrity Centre. The article commented that some in Los Angeles view the Beverly Hills Playhouse as “a recruitment center for Scientology”.

Katselas met L. Ron Hubbard after moving to California, and began studying Scientology in 1965. The New York Times Magazine reported that he had reached the level of “Operating Thetan, Level 5, or O.T. V.” in 2007. According to The New York Times Magazine when Scientologists proceed up the “The Bridge to Total Freedom” they learn the story of Xenu, and that: “75 million years ago the evil alien Xenu solved galactic overpopulation by dumping 13.5 trillion beings in volcanoes on Earth, where they were vaporized, scattering their souls.” A Church of Scientology publication, Source, lists Katselas as reaching O.T. V. in 1989.

HAVE YOUR SAY
Is it appropriate to recruit for Scientology in an acting school?
Add or view comments
He is brilliant, and knows me so well as a person and an actress that he gets the most out of me.

Though some actors felt pressured to join the Church of Scientology after taking courses at the Beverly Hills Playhouse, at least one individual felt Katselas was not active enough with the organization. Actress Jenna Elfman left the Beverly Hills Playhouse because she felt Katselas was not committed enough to Scientology. Katselas had previously directed Elfman in half of Visions and Lovers: Variations on a Theme, two one-act plays about relationships that he had written himself. In 1999 Katselas had planned to adapt the script of Visions and Lovers to a film version, and Elfman was set to reprise her role from the play. In an article in Variety about the project, Elfman commented on her experience working with Katselas: “He is brilliant, and knows me so well as a person and an actress that he gets the most out of me.”

Other prominent Scientologist actors who have studied under Katselas include Giovanni Ribisi, Jason Lee, and Leah Remini. According to Rolling Stone, Katselas also recruited actress Kelly Preston to Scientology. Actress Nancy Cartwright (the voice of Bart Simpson), told Scientology publication Celebrity that Katselas motivated her to get more active in Scientology, and she stated she took the organization’s “Purification Rundown” and her life “took off completely”.

Life is an endless unspooling of art, of acting, of painting, of architecture. And where did I learn that? From Milton.

Anne Archer was introduced to Scientology while studying at the Beverly Hills Playhouse, as was former Scientologist and now outspoken critic actor Jason Beghe. Beghe told Roger Friedman of FOX News in April 2008 that “He [Katselas] gets kickbacks”, and that he was brought to a Scientology center by fellow Beverly Hills Playhouse classmate Bodhi Elfman, Jenna Elfman’s husband. In a 1998 article for Buzz Magazine, Randye Hoder wrote “In his class, Katselas is careful not to label anything as a tenet of Scientology, but there is no question that the church’s influence seeps into the playhouse.”

Anne Archer’s husband and fellow Scientologist, producer Terry Jastrow, commented to The New York Times Magazine that Katselas changed the way he experiences life on a day-to-day basis: “I go out in the world and look at human behavior now. I see a woman or man interacting with a saleslady, and I see the artistry in it. Life is an endless unspooling of art, of acting, of painting, of architecture. And where did I learn that? From Milton.”

Actor Anthony Head of Buffy the Vampire Slayer spoke highly of Katselas in a 2002 interview with San Francisco Chronicle: “He’s this wonderfully intuitive teacher and his premise is basically: The only real barriers are the ones we put in front of ourselves. If you say, ‘My character wouldn’t do that’ — bollocks! Ultimately it’s you who wouldn’t say that. Who knows what your character might do.” In the acknowledgements of her 2004 autobiography Are You Hungry, Dear?: Life, Laughs, and Lasagna, actress Doris Roberts wrote: “I thank my friend and acting teacher, the incredible Milton Katselas, for his insights, wisdom, and inspiration, which have helped make me the actress that I am.”

I really care about the craft of acting. It’s absolutely necessary to take the time and patience to really develop an actor.

Katselas authored two books: Dreams Into Action: Getting What You Want, first published in 1996 by Dove Books, and Acting Class: Take a Seat, which came out earlier this month. Dreams Into Action, a New York Times Bestseller, sought to modify motivational acting exercises to the field of business.

In an interview in the 2007 book Acting Teachers of America, Katselas commented on his experiences as an acting teacher over the years: “I have very special teachers here at the Beverly Hills Playhouse—some have been with me for over twenty-five years. I believe that to make a difference over the long haul, we need to train teachers. I really care about the craft of acting. It’s absolutely necessary to take the time and patience to really develop an actor.”

Five police officers killed in Dallas, Texas during sniper attack

Filed under: Uncategorized — @ 1:17 am

Sunday, July 10, 2016

On Thursday, five police officers were killed and seven were injured after a sniper attacked a public protest march in downtown Dallas, Texas. Sources indicate at least three other people were taken into custody for questioning relating to the attack. The march was held to protest the shooting deaths of Alton Sterling in Louisiana and Philando Castile in Minnesota during engagements with police officers.

Police identified 25-year-old Micah Johnson as the suspect. Johnson had previously served in the US army, and police reported he said he wanted to exact revenge upon police officers after news of Sterling and Castile’s deaths. Ammunition and weapons were found inside Johnson’s home. Dallas Police reported the policemen were shot at from a height. Officials said two civilians were also injured in the attack.

Micah Johnson served for the United States Army Reserve from 2009 until early 2015, including a tour of Afghanistan. Johnson had no criminal record. His attack was reported to be a lone mission.

After the attack earlier on Thursday, police killed Micah Johnson in El Centro College’s parking lot by a bomb explosion.

Hillary Clinton, 2016 United States presidential election candidate and favorite for the Democratic nomination this July, said, “There is too much violence, too much hate, too much senseless killing, too many people dead who shouldn’t be. No-one has all the answers. We have to find them together.”

After Johnson was killed, Mike Rawlings, Dallas’ mayor, said “We believe now the city is safe”.

Lula’s future in the hands of Brazilian Parliament

Filed under: Uncategorized — @ 1:16 am

Sunday, June 12, 2005

The government of Brazilian President Luiz Inácio Lula da Silva is in a severe political crisis. The crisis began after the exposure of a series of scandals which involve the Workers’ Party, the Brazilian ruling party.

In 2002, Celso Daniel, the mayor of Santo André, 10 km (6 miles) away from the São Paulo city, was murdered. Daniel was a member of the ruling Workers’ Party. The mayor’s brother says that Daniel died because he was in disagreement to a supposed bribe conspiracy organized by some Workers’ Party members. The case remains under investigation by police.

In 2004, the former adviser to the government of President Lula, Waldomiro Diniz, was accused of negotiating with “bicheiros” (men who deal with: “Jogo do Bicho”, or illegal gambling) and extorting money for Workers’ Party (PT) electoral campaigns. A supposed victim of extortion released a tape exposing Diniz. The tape’s authenticity has been verified by experts and it was aired by the major Brazilian television stations. A Congressional special commission was proposed by non-government parties so the denunciation could be investigated. The government succeeded in stopping the creation of the commission.

On March 16, the leading Brazilian magazine Veja published a story saying that according to documents of the Brazilian Agency of intelligence (Abin) the Workers’ Party received 5 million dollars to be used by political campaigns of their candidates in 2002 from the Colombian communist armed group Revolutionary Armed Forces of Colombia (FARC-EP). Abin said that the documents were not authentic.

Last month, some men, supposedly involved in illicit negotiations with the Brazilian Post Service recorded a video which shows former Post Office Chief, Maurício Marinho, during a supposed bribe negotiation. In the tape, Marinho receives and puts in his pocket R$3,000 (about 1,259 USD) in cash. He insinuates that the scheme is commanded by deputy Roberto Jefferson. The recording was aired by the major Brazilian television stations.

Roberto Jefferson is the president of the government-allied Brazilian Labor Party (PTB). Lula da Silva said in a earlier occasion that he “would give to Jefferson a bank check in blank”, what means that he had high confidence on Jefferson.

Still related to the Post Office case, on June 2, Lídio Duarte, the former president of IRB, a government enterprise, denied allegations that money from some Brazilian government enterprises was going to PTB, Jefferson’s party. An earlier story published by magazine Veja, said that Duarte was a victim of extortion by a representative of PTB. According to Veja, Duarte resigned from the Presidency of IRB, because he had difficulties in continuing to give more money to PTB. Lídio denied this story to the police, and furthermore he said that he never have had an interview with Veja’s journalists.

On June 8, the magazine Veja released for download in its webpage, an audio tape where it can be heard the voice of Lidio Duarte during an alleged interview to Veja. In the tape, Lidio Duarte talks about being under pressure because someone was asking him more contribution in money for PTB. The tape contradicts the Duarte’s testimony to the police and because of that, he became subject of investigation by the authorities. The name of the deputy Roberto Jefferson is cited by Duarte in the alleged recorded interview to Veja.

After the Post Office scandal been exposed, the Brazilian Congress proposed the creation of a Congress’ special commission, so it could be investigated by the Parliament. The government, however, protested against it, arguing that political adversaries were anticipating the dispute to the next election for Brazil’s Presidency. Workers’ Party senator Eduardo Suplicy protested in Senate against his party decision. Because that he was very criticized and he got subject to punishment by the Workers’ Party.

On June 6, Roberto Jefferson told the Brazilian newspaper Folha de São Paulo that the ruling Workers’ Party (PT) has payed Brazilian deputies 30 thousand Brazilian Reals (US 12 thousand) each, every month. The stock markets went down and the U.S. Dollar increased its value in relation to the Brazilian Real. A new Congress’ special commission was proposed by some Brazilian senators, so Jefferson’s allegations could be investigated. The Workers’ Party says that Jefferson’s allegations were untrue and that he had no proofs.

After Jefferson’s denunciation the focus of the scandal moved to the government and the ruling Workers’ Party. Because the government were under pressure, the Workers’ Party changed his earlier decision of stopping the creation of a Congress’ special commission for the Post Office scandal. The proposal for the creation of a Congress’ special commission for the Post Office scandal was approved.

On June 9, there was the first meeting of members of the Congress’ special commission for the Post Office scandal. Because of unsolved disputes between government’s parliamentarians and the other parties representatives, the meeting could not continue. The government’s block argued that it must choose the president and the report for the commission, since the government commission members are the majority. Other parties argue that according to Parliament tradition the government should choose one member for the presidency or report and the opposition should choose the other member.A new meeting was scheduled to the next week, on Tuesday, June 14.

Besides these scandals, the current Social Security Minister, Romero Jucá, is accused of havingoffered seven non-existent farms as guarantee for a financing from the Banco of Amazonia, among other denunciations of misuse of public loans. The current President of Brazilian Central Bank, Henrique Meirelles, is accused of financial fraud among other accusations. Also there is a denunciation of a irregular transference of founds of Central Bank to the construction of a new headquarter for the Workers’ Party.

On June 4, during the so called Curupira operation, the Brazilian Federal Police arrested members of IBAMA, a Brazilian agency for environment. Among other accusations, they are accused of selling irregular licenses for deforestation in Amazon. At least one of the suspects, a Workers’ Party affiliate, is under suspection of have used the money for the political campaign of a Worker’s Party candidate in Mato Grosso.

Besides the commission to investigate the Post Office scandal, another Congress’ special commissions were suggested by non-government members of Brazilian Senate: a commission to investigate the IRB scandal and another one to the investigation of Roberto Jefferson’s allegations. Also, it is expected that the Brazilian Courts rule against the earlier government decision of stopping the creation of a commission for the investigation of the alleged Waldomiro Diniz scandal.

Contents

  • 1 Repercussions
  • 2 Lula’s future
  • 3 Related news
  • 4 Audio
  • 5 Sources

ACLU: Gen. Sanchez possibly perjured himself at 2004 Senate inquiry

Filed under: Uncategorized — @ 1:12 am

Wednesday, April 6, 2005

The American Civil Liberties Union (ACLU) claims that a recently obtained 18-month-old memo shows that a top U.S. commander of armed forces in Iraq was untruthful when he testified before the United States Congress last year on Iraqi prison abuse. The September 14, 2003 memo was among government documents concerning the U.S. invasion of Iraq. The ACLU gained access to the documents after successfully suing the government under the U.S. Freedom of Information Act.

The 2003 memo seemingly contradicts sworn testimony by Sanchez given during the Senate Hearing on Iraq Prison Abuse. Intentionally being untruthful at a Congressional hearing is considered the crime of perjury.

On May 19th, 2004, during those hearings, Jack Reed, a Democratic U.S. senator from Rhode Island, asked Sanchez about claims of abuse of Iraqi prisoners under U.S. care. “General Sanchez, today’s USA Today, sir, reported that you ordered or approved the use of sleep deprivation, intimidation by guard dogs, excessive noise and inducing fear as an interrogation method for a prisoner in Abu Ghraib prison,” Reed asked Sanchez. “Is that correct?”

“Sir, that may be correct that it’s in a news article, but I never approved any of those measures to be used within CJTF-7 at any time in the last year.” He then reiterated, “I have never approved the use of any of those methods within CJTF-7 (Coalition Joint Task Force-7) in the 12.5 months that I’ve been in Iraq,” Gen. Sanchez’s answered at the hearing.

But Sanchez’s 2004 answer is at odds with the 2003 memo bearing his signature, which specifically addressed sleep deprivation (“sleep management”), intimidation by guard dogs (“presence of military working dog”), excessive noise (“yelling, loud music, and light control”), and inducing fear (“fear up harsh”). The following are excerpts from the memo:

Z. (S/NF) Sleep Management: Detainee provided minimum 4 hours of sleep per 24 hour period, not to exceed 72 continuous hours.

Y. (S/NF) Presence of Military Working Dog: Exploits Arab fear of dogs while maintaining security during interrogations. Dogs will be muzzled and under control of MWD handler at all times to prevent contact with detainee.

AA. (S/NF) Yelling, Loud Music, and Light Control: Used to create fear, disorient detainee and prolong capture shock. Volume controlled to prevent injury.

E. (S/NF) Fear Up Harsh: Significantly increasing the fear level in a detainee.

The label “S/NF” stands for Secret/Not Releasable to Foreign Nationals. Information is properly exempted from The Freedom of Information Act (FOIA) if it contains National Security Information.

The only section in the memo that Gen. Sanchez labeled “U” for Unclassified was:

(U) The purpose of all interviews and interrogations is to get the most information from a detainee with the least intrusive method, always applied in a humane and lawful manner with sufficient oversight by trained investigators or interrogators. Operating instructions must be developed based on command policies to insure uniform, careful, and safe application of interrogations of detainees.

The ACLU said it sent a letter to Attorney General Alberto Gonzales requesting an “Investigation of Possible Perjury by General Ricardo A. Sanchez” and renewing their prior request “for an Outside Special Counsel to Investigate and Prosecute Violations or Conspiracies to Violate Criminal Laws Against Torture or Abuse of Detainees.”

Poverty rises as food prices increase

Filed under: Uncategorized — @ 1:09 am

Sunday, April 17, 2011

The World Bank, an organization that provides loans to developing countries, warned Thursday that rising food prices are driving millions of people deeper into poverty.

Robert Zoelick, World Bank president, said that food prices have risen 36% over the last year, pushing 44 million more people into poverty since last June. About 1.2 billion people are extremely poor.

He warned that a further increase of 10% in the cost of food would move an additional 10 million persons into extreme poverty, and there was no sign of a near term reversal in the inflation of food prices, which affects the developing world disproportionately.

“We have to put food first and protect the poor and vulnerable, who spend most of their money on food,” said Zoellick. “The general trend lines are ones where we are in a danger zone… because prices have already gone up and [food] stocks are relatively low,” he said.

The general trend lines are ones where we are in a danger zone.

The cost of the basic foods, such as wheat, maize and soy are all surging. Only rice has shown a slight decrease in price.

The steep rise in the cost of food is being driven by a combination of factors, including bad weather in food exporting areas such as Russia, Ukraine, North America and China, rising energy costs that increase the cost of producing and transporting food, and the incentives for farmers in many countries to produce crops for biofuels instead of for food.

“The linkage between food and fuel is much tighter than it was ten years ago,” said Zoellick.

Additionally, the change in diet of the growing middle class in developing countries means they consume more meat and pork products which take increased grain to produce and drives up the price of feed stocks.

The linkage between food and fuel is much tighter than it was ten years ago.

National food investment and export policies of some wealthier countries are affecting poorer nations. For example, China is acquiring large amounts of land in Africa to grow food for the needs of the Chinese; Saudi Arabia has given up wheat production to invest overseas for food, and a drought in Russia has led it to implement an export ban on wheat.

Zoellick spoke in Washington at the opening of the meetings of the World Bank and the International Monetary Fund (IMF). He hopes to discuss food policies with officials of the G-20 countries to develop a “code of conduct” on export bans and to encourage these countries to do more to increase food production and aid developing countries in managing agricultural problems.

On Saturday, the World Bank and the IMF issued “Global Monitoring Report 2011: Improving the Odds of Achieving the MDGs” which said the world was still on track toward reaching a key goal of reducing the number of the world’s people living in extreme poverty and hunger by half, to 883 million, by the target date of 2015. Most of the world’s progress is due to fast growth in India and China, while African countries are behind.

Wikinews interviews Chinese-American martial artist Alfred Hsing

Filed under: Uncategorized — @ 1:06 am
This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Tuesday, August 16, 2011

Alfred Hsing, a US martial artist with Chinese origins, besides having a long history of martial arts training in various styles, such as traditional kung fu, tae kwon do and karate, considers wushu – an athletic sport based on Chinese martial arts – as a form of art that pushes one’s physical limits and stimulates the mind at the same time. After having won the gold medal at the 10th World Wushu Championships, he became international movie star Jet Li’s personal assistant and went on to do stunts, action choreography, and land roles in movies.

Hungarian Wikinews contributor Teemeah has interviewed Alfred Hsing about his views on martial arts, life and Wikipedia.

Apple sells two million iPads in two months

Filed under: Uncategorized — @ 1:06 am

Thursday, June 3, 2010

Apple announced Monday that it has sold over two million iPads, just two months after the device began shipping in the US and only days after its international launch.

Apple shares rose 2.9 percent (US$7.41) to US$264.29 Tuesday afternoon. Market analysts also upped price targets and sales estimates in response to the announcement. Shares for AT&T, who provides data plans for the iPad, also rose yesterday.

Prior to the iPad’s April 3 launch, many analysts had speculated about the viability and marketability of the device. However, iPad sales have been faster than anticipated. Although it was only expected to sell one million iPads for the whole quarter, Apple announced in early May that it had surpassed the one-million mark in just 28 days. It again surprised industry watchers, who were expecting about 1.6–1.7 million iPads to have been sold when Apple announced that it had passed the two-million mark. iPad sales may make up over ten percent of Apple’s revenue this quarter, a feat that took the iPhone twice as long to achieve. The iPad has been so popular and supplies of the tablet so low that Apple tried to place limits on the number of iPads a person can purchase earlier.

Apple had postponed sales of the iPad to Europe and Asia until last weekend due to strong demand for the tablet in the US. In addition to the US, it now sells the devices in Australia, Canada, France, Germany, Italy, Japan, Spain, Switzerland, and the U.K., and will begin shipping iPads to Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, Netherlands, New Zealand, and Singapore in July.

« Previous PageNext Page »