Steel major Arcelor ready to reconsider Mittal’s offer

Monday, May 22, 2006

Luxembourg’s largest steel company Arcelor is ready to study Mittal Steel‘s improved takeover offer, the former said on Sunday, opening the door to possible talks with Indian steel magnate Laxminivas Mittal. Arcelor Chairman Joseph Kinsch told reporters after a meeting of Arcelor’s board that the company’s directors would be ready to examine the details of Mittal’s latest offer once it has been approved by the CSSF (Luxembourg’s financial regulatory body).

Until Sunday, Arcelor, the world’s second-largest steel company, had firmly rejected world-leader Mittal’s bid to take the former company over and form a global steel giant. The softening of Arcelor’s stance comes after Mittal Steel raised its hostile cash-and-equity bid by a third on Friday and dropped a key demand for family control over the combined entity.

Media reports had suggested that Arcelor was trying to find another company to rescue it from being taken over by Mittal Steel. Possible candidates included Russian tycoon Vladimir Lisin and Russia’s Magnitogorsk Iron & Steel Works (MMK). Mittal’s move on Friday came after the value of its initial offer fell more than 10 percent behind the market worth of Arcelor, as the latter announced a buyback of its own shares at above-market prices to ward off Mittal Steel.

Laxminivas Mittal, who has hinted that the bitter takeover battle might have a hint of racism involved in it, told the French newspaper La Tribune that he was sure that the attractive nature of his revised offer would enable him to obtain over 50% of the Arcelor shares. He added that he was of the opinion that the involvement of a Russian third party would not be in the best interests of Arcelor’s shareholders.

Bomb blasts near Greek Minister’s house

Tuesday, May 30, 2006

A bomb exploded near the house of the Greek Culture Minister,Georgios Voulgarakis, in Lycabettus Hill, Athens, wrecking a number of cars.

The device, which the police said consisted of 2-3 kg (4-7lb) of dynamite, had been placed on a bike left between two cars.

The explosion at 7:42am (GMT +2), close to the home of Minister Voulgarakis, is the second time the former Minister for Public Order has been the target of a bomb attack.

While the perpertrators are not yet known, Giorgos Voulgarakis, who had been receiving death threats, is unpopular with leftist parties over questions of immigration.

A trained dog of a Greek anti-terrorist unit had been sniffing around the area of the Minister’s home each morning. The September 2003 attack nearly burned down his house.

Two primary schools and a kindergarten nearby were slightly damaged but there were no reported injuries.

As bomb technicians searched the school grounds, frantic parents rushed to take their children home.

The leftist “Epanastatikos Laekos Agonas”(Revolutionary popular rally), is the group which some Greek media have accused for today’s bomb attack. No official claim of responsibility has yet been made and the police investigation continues.

All the Greek parties, including the major opposition party, PASOK; the Communist Party (KKE), Synaspismos and LAOS parties, have strongly condemned the terrorist attack.

2008 COMPUTEX Taipei: Three awards, One target

Monday, June 23, 2008

2008 COMPUTEX Taipei, the largest trade fair since its inception in 1982, featured several seminars and forums, expansions on show spaces to TWTC Nangang, great transformations for theme pavilions, and WiMAX Taipei Expo, mainly promoted by Taipei Computer Association (TCA). Besides of ICT industry, “design” progressively became the critical factor for the future of the other industries. To promote innovative “Made In Taiwan” products, pavilions from “Best Choice of COMPUTEX”, “Taiwan Excellence Awards”, and newly-set “Design and Innovation (d & i) Award of COMPUTEX”, demonstrated the power of Taiwan’s designs in 2008 COMPUTEX Taipei.

E Cigarettes Are The Future Of Safe Smoking

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byAlma Abell

For many years, smoking has been linked to cancer and other health problems. The fact that the contents in tobacco are addictive makes quitting smoking a difficult task to most smokers. The good news is that electronic cigarettes promise to be the future of safe smoking and are an easy way of quitting the smoking habit. Just like ordinary cigarettes, e-cigarettes offer all that a smoker would want, but the only difference is that the Vaporium contain tobacco, produce no smoke, give maximum satisfaction, and do not leave behind any tar.

For the first time in the history of tobacco industry, a popular alternative to tobacco cigarettes hit the market with a bang leaving the once giant tobacco manufactures mouths agape. Besides using technology, e-cigs are beneficial to the users in virtually all respects.

[youtube]http://www.youtube.com/watch?v=gVGlqjCufMY[/youtube]

Designed to provide an alternative that is healthy and safe, e-cigs are quickly becoming a new way of life and a solution to the global cancer problem that threatens to tear down the lives of millions of people. Additional benefits of these cigarettes include no bad odor, no smoker’s breadth, does not stain the teeth and don not have restrictions on where to smoke.

If you are like most smokers, e-cigarettes are certainly the alternative that you have been looking for. Some smokers suffer from social discrimination from non-smokers because of the smoke, odor among other things, but e-cigs have successfully eliminated these shortcomings of traditional cigarettes to give smokers another chance to live a better life free of discrimination.

As the statistics about tobacco related causes rise every day, the urgency to fight the problem is growing, as smokers and stakeholders push to have the best option to traditional cigarettes.

Perhaps the most important part of smoking electronic cigarettes is that you fulfill your urge of smoking but you don’t expose yourself to nicotine and other contents that endanger your life.

What’s more, the user is assured of a risk-free, non-addictive cigarette that can help him or her quit the smoking habit without having to experience the damaging effects of quitting smoking, including withdrawal syndrome that often make ex-smokers to revisit the smoking habit. Visit thevaporium.com for more details.

Bratsk hydroelectric plant gets new turbine

Saturday, October 7, 2006

The city of Bratsk in Irkutsk Oblast, Russia, received a new turbine for its famous 4,500 megawatt hydroelectric plant founded in the mid-1950s on the Angara river. In future this new unit will cause an efficiency rise up to 255MW for each turbine.

Currently, the Bratsk Power Station operates 18 hydro-turbines, each with capacity of 250MW, produced by the Leningrad Metal Works (“LMZ”) in the 1960s. The plant is the second level of the Angara Hydroelectric Stations cascade. Since its full commissioning in 1967, the station was the world’s single biggest power producer until Canada’s Churchill Falls in 1971. Annually the station produces 22.6 billion kWh.

The precious 80 tonne cargo was transported to Pulkovo International airport of Saint-Petersburg where it was loaded on Antonov An-124-100 Ruslan to made all the way to Bratsk by air. On October 4, 2006 it landed in the Bratsk airport. In two days the unit 16 replacement arrived to the assemble place on the Angara river.

Sergey Emdin, CEO of IrkutskEnergo JSC, noted the press that the Bratsk plant reconstruction project includes not only the economical, but the ecological aspect by reducing carbon dioxide emission for 6 million tonnes for the period of 2008-2012.

In 2006 and 2007 the old plant is scheduled to receive two more working wheels – by one for each year respectively, and in 2008 and 2009 another four – by two for each year.

China and Russia continue joint army exercise

Friday, August 19, 2005

Russian and Chinese armed forces began their first ever joint military exercises since the Korean War, when Russia was still part of the Soviet Union, on Thursday. The exercises are expected to last for eight days.

10,000 troops — about 1800 Russians, the rest Chinese — are participating in the war games. The exercises simulate United Nations-mandated police action to restore order in a fictitious country torn by ethnic unrest. They began in the eastern Russian port-city of Vladivostok and are supposed to culminate in a mock invasion involving beach landings and paratrooper drops off the coast of the Jiaodong peninsula in eastern China.

Russian and Chinese officials have framed the exercises as promoting international cooperation, but some in the US and elsewhere see the exercises as preparation for a possible future invasion of Taiwan, and as a challenge to US dominance in Asia — particularly in Afghanistan. The exercises come amid increasing speculation in the US that China may come to replace the US as the world’s greatest superpower.

Russia and China are working together to help form of a world order that will be based on multipolarity, respect for international law, and a leading role for the UN, Deputy Foreign Minister Alexander Alexeyev said on Monday, August 15, 2005.[1]

“The exercise will be carried out in the framework of the fight against international terrorism and extremism, to respond to new threats and challenges,” said Liang Guanglie, chief of staff of China’s armed forces.[2]

But others citing the use in the operation of advanced aircraft atypical of a peacekeeping operation, say the countries have ulterior motives. “The main target is the US. Both sides want to improve their position for bargaining in terms of security, politics and economics,” said Jin Canrong, professor of international relations at the People’s University of China.[3]

A Taiwanese official quoted by Mosnews.com said, China’s involvement in the operations represents “the biggest security threat in the Asiatic-Pacific region.” [4]

However other analysts speculate that Russia’s motivations for using the aircraft, including Tu-95 strategic bombers and Tu-22M long-range bombers, in the exercises may be to promote their sale to the Chinese.

“Military cooperation is linked with political and economic cooperation as part of a bigger package,” said Robert Karniol, Asia-Pacific editor for Jane’s Defence Weekly. “It’s not an adversarial posture.”[5]

Many have noted that the joint exercises are an emblem of increasingly warm relations between China and Russia since the dissolution of the Soviet Union. But writing In an editorial for the International Herald Tribune, Phillip Bowring disagrees, saying that the primary purpose of the operations is as a warning to the US. “The current Russia-China joint military exercises are not so much a symbol of trust and friendship between the two as a symptom of American overstretch. The two are reminding the United States of the limits of its unilateral global power.”[6]

Despite speculation into the motives of Russia and China, the US has given at least token support to the idea that the exercises could promote international interests. “We are following the exercises,” U.S. State Department spokesman Sean McCormack said this week. “We expect that they will be conducted in a manner that supports some mutual goal of regional stability shared by the United States, China and Russia.”[7]

Others say the operations are mainly a response to separatism and Islamic extremism in Russian Chechnya and the Chinese Xinjiang.

“The exercises are the logical continuation of the first signs of cooperation between Russia and China in the struggle against ‘orange revolutions,’ separatism and the dominant influence of the U.S. in the Euroasiatic sphere,” the Gazeta.ru news website wrote Thursday. Orange was the color adopted by supporters of last year’s revolution in Ukraine, which along with mass demonstrations in Georgia and Kyrgyzstan, brough pro-Western administrations to power. [8]

The war games have been called “Peace Mission 2005“.

Norfolk Your Precision Engineering Problems Solved?

Norfolk Your Precision Engineering Problems Solved?

by

Lee Hunton

Some people may be under the impression that almost all of the precision engineering that goes on in the UK is located in the Midlands or the North of England. However, these people may be missing a great opportunity, by not considering Norfolk as an alternative region for precision engineering services.

It is true that the Midlands and the North of England were once the backbone of the engineering sector in this country. These areas had traditionally been extremely biased towards manufacturing, to the extent where a huge percentage of the local workforce in these areas would be employed in this sector. Large engineering factories were widespread in these parts of the country, and therefore most of the country s engineering focus was centred around them. However, in the last 20 or 30 years all this has changed, and there are various reasons for this. The decline in the industry as a whole, and the changes to working practices that this has brought, has hit large companies hardest. With such a concentration of companies in one or two areas, and with so many engineers moving out of engineering and into other sectors, customers have been forced to look elsewhere for their precision engineering.

One area which has benefited from this is East Anglia, and Norfolk in particular. No longer just a rural area which was entirely devoted to farming, Norfolk has developed into a thriving engineering base. The Oil and Gas industry is very involved in Norfolk, and other sectors such as meat and crop processing, automotive engineering and the chemical industry play a large part in the Norfolk economy. All of these sectors are very heavily biased towards engineering, and require very high levels of precision. This has led to a situation where there are some excellent precision engineering companies in Norfolk, with very highly skilled engineers.

[youtube]http://www.youtube.com/watch?v=t-PcrM5TcRg[/youtube]

One such company is Machined Precision Components Ltd, based in Watton in Norfolk, who can list a number of customers in these sectors who are locally based. They can also boast customers all over the country who have a requirement for their precision engineering services.

As director Nick Overton explains: We provide a highly professional service to many sectors of precision engineering, not only in Norfolk, but throughout the country. We place great emphasis on three areas: Firstly we produce a top quality component, we provide it for a competitive price, and we do this with very short lead times.

In fact their lead times are so short that they sometimes can provide a next day delivery to customers for items which may be produced at very short notice. We can often receive an order on one day, produce the components on the same day, and then deliver it to the customer the next day explains Mr Overton. We can do this for any customer within the UK, wherever they are based, and with no compromise in quality. This flexibility means that we can provide a quality service to customers that they may not be able to find elsewhere

Precision Engineering in Norfolk continues to go from strength to strength, and sometimes this area of the country can provide a quality of service that cannot be found elsewhere.

Lee Hunton is a Qualified Engineer with 25 years experience in the industry. He has worked in precision engineering in the UK and Europe.

Machined Precision Components Ltd

was set up in April 2004 by Experienced

Engineers

with the aim of providing a quality product at a competitive price.

Article Source:

ArticleRich.com

Nelson Mandela’s great-granddaughter dies in car crash

Friday, June 11, 2010

The great-granddaughter of former South Africa President Nelson Mandela has died in a car crash following a concert to open the World Cup.

The Nelson Mandela Foundation released a statement which said that thirteen-year-old Zenani Mandela, who celebrated her birthday on June 9, died in a single vehicle accident and that no one else was injured. The statement continued: “The family has asked for privacy as they mourn this tragedy.”

The driver of the vehicle of which Zenani Mandela was a passenger has been arrested and charged with drunk driving. He may also face culpable homicide charges, according to police.

South Africa has a poor road safety record and ranks ninth in the world for traffic fatalities. Traffic safety is feared to be a threat of injury to supporters to the World Cup.

Tom Cruise debates psychiatry on NBC’s Today show

Saturday, June 25, 2005

In an interview on NBC’s Today show with Matt Lauer, Tom Cruise aggressively defended his opposition to psychiatry and anti-depressive drugs. This occurred after being asked questions about his criticism of Brooke Shields, who has been taking drugs, including Paxil, for postpartum depression. Cruise is usually known for keeping his cool in interviews, but recently he has been slightly more unbound.

Cruise’s statements, including “Psychiatry is a pseudoscience“, and “There is no such thing as a chemical imbalance in a body”, reflect the beliefs of the Church of Scientology, of which he is a member. The interview became particularly tense when Lauer mentioned that he knew people who had been helped by taking Ritalin, an attention-deficit disorder drug.

“Matt, Matt, you don’t even — you’re glib,” Cruise responded. “You don’t even know what Ritalin is. If you start talking about chemical imbalance, you have to evaluate and read the research papers on how they came up with these theories, Matt, OK. That’s what I’ve done.”

Cruise went on to say: “You don’t know the history of psychiatry, I do.”

Cruise has not formally studied medicine beyond a high school education, having dropped out in his senior year (1980) to pursue an acting career. In light of this, some members of the psychiatric community have refuted Cruise’s controversial statements. Dr. John Scully, medical director of the American Psychiatric Association, has said “The illnesses we treat – anxiety, depression – are very real illnesses…The treatments work. We have demonstrated that through robust scientific study.”

Lauer insisted that Ritalin helped people: “You’re telling me what’s worked for people I know or hasn’t worked for people I know. I’m telling you, I’ve lived with these people and they’re better,” Lauer said.

Cruise hinted that Lauer was promoting Ritalin and Lauer scoffed: “I am not. I’m telling you in their cases, in their individual case, it worked.”

The exchange ended when the two basically agreed to disagree. Cruise, who is 42, did admit that one of his goals is to speak more about Scientology in an effort to get people to understand it better.

Scientology has historically been at odds with the established medical and mental health community. The rift dates back to the 1950s and Scientology’s founding father L. Ron Hubbard. In his book, “Dianetics: The Modern Science of Mental Health”, published in 1950, Hubbard claims that Dianetics (later called Scientology) could cure the majority of human ailments. These claims were sharply disputed by a variety of mainstream science and medical professionals including psychiatrists.

On Monday, June 27, 2005, the American Psychiatric Association released a statement that stated the following:”It is irresponsible for Mr. Cruise to use his movie publicity tour to promote his own ideological views and deter people with mental illness from getting the care they need…Rigorous, published, peer-reviewed research clearly demonstrates that treatment (of mental illness) works…It is unfortunate that in the face of this remarkable scientific and clinical progress that a small number of individuals and groups persist in questioning its legitimacy.”

The APA represents nearly 36,000 physicians specialising in the diagnosis and treatment of mental illness.

Abducted Richmond Hill, Ontario man walks into police station

Friday, November 3, 2006

A Richmond Hill, Ontario man is currently released after he was abducted and escaped last night.

Chee Kian Jeff Chan, 28, was forced by three people into a black Mercedes SUV (which was caught on security camera) in the parking garage of his condominium at 23 Oneida Cresant in the Yonge Street and High Tech Road area. A small amount of blood was found at the scene. He was dropped off at an unnamed location in Toronto Wednesday night.

The suspects were wearing black clothes and balaclavas covering their faces at the time of the incident. The licence plate number of the Mercedes SUV is not known because there was no plate on the front of the vehicle.

Chan walked into the Major Mackenzie Dr. W. police station, at about 6:45 p.m. last night, suffering from injuries and went to a hospital for examination.

York Regional Police say that he is a poker player, after hearing about a man with the same name that took seventh place at the River Rock Casino Resort near Vancouver, British Columbia on November 19, 2005, earning him $44,753.

No ransom note was received and police believe that it was an extortion attempt.

“He was unaware of a lot of things during his ordeal,” Constable Laurie Perks said. “He didn’t know what they looked like. His vision was concealed and so he therefore didn’t know where he was through most of his ordeal.”

It is believed that Chan’s three captors released him after 28 hours because of the media coverage surrounding his disappearance.

The investigation is still ongoing.