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Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts

Monday, July 20, 2009

दुनिया में आने से पहले ही आ जाती है बुद्धि

वाशिंगटन। महाभारत में अभिमन्यु का जिक्र है, जिन्होंने गर्भ में ही चक्रव्यूह भेदने की कला सीखी थी। हाल में एक अध्ययन के दौरान इस बात की पुष्टि हुई है कि शिशु के जन्म लेने से पहले ही उसमें बुद्धिमत्ता विकसित हो जाती है।

पर्थ के तेलेथान इंस्टीट्यूट फार चाइल्ड हेल्थ रिसर्च ने इस बारे में अध्ययन किया है। जिसमें बताया गया है कि जिन बच्चों का गर्भ में अच्छा विकास होता है वे प्राथमिक स्कूल में अच्छा प्रदर्शन करते हैं। अध्ययन में मां के गर्भ में शिशु के स्वस्थ विकास और प्राथमिक स्कूल में उसकी गणना क्षमता व शैक्षिक दक्षता के बीच सीधा संबंध पाया गया है।

'अमेरिकन जर्नल आफ एपिडिमियोलाजी' में प्रकाशित अध्ययन में कहा गया है कि भू्रण का स्वस्थ विकास न केवल स्कूल में बच्चे के प्रदर्शन को बेहतर बनाने में मददगार साबित होता है बल्कि सामाजिक और आर्थिक रूप से कमजोर तबकों से आने वाले बच्चों को भी शैक्षिक दृष्टि से मजबूत बनाता है।

इस रिपोर्ट की सह लेखिका प्रोफेसर फियोना स्टैनली ने कहा, ''पहली बार हमने जन्म और शैक्षिक जानकारी के बीच संबंध कायम कर पाने में सफलता पाई है। हमने ऐसे कुछ कारकों का पता लगाया है जो शैक्षिक सफलता से जुड़े हैं।'' दरअसल इस अध्ययन के नतीजे 55,000 से अधिक बच्चों से पूछे गए सवालों पर आधारित हैं।

Google Earth Adds Moon To Celebrate Apollo 11 Landing

To mark the 40th anniversary of the Apollo 11 moon landing on July 20, 1969, Google on Monday released Moon in Google Earth, which allows users to explore lunar images and related lunar content.
In a post on the official Google (NSDQ: GOOG) blog, Anousheh Ansari, the first female private space explorer and a trustee of the XPRIZE Foundation, says the software will help millions of people learn about space.

More Internet InsightsWhite PapersMaking Sense Of Search PositionsEnterprise Content Management Alternatives To SharepointVideos
InformationWeek's Mitch Wagner demonstrates how to "get good" at Twitter."Moon in Google Earth enables you to explore lunar imagery as well as informational content about the Apollo landing sites, panoramic images shot by the Apollo astronauts, narrated tours and much more," she explains. "I believe that this educational tool is a critical step into the future, a way to both develop the dreams of young people globally, and inspire new audacious goals."
Four years ago to the day, Google launched Google Moon, a way to explore the Moon using its Web-based Google Maps service rather than Google Earth, a desktop application. There's also a Google Maps-based Mars.

Other extra-terrestrial layers in Google Earth include Sky and Mars. There's also an Ocean layer, which was launched in February with the release of Google Earth 5.0.

Moon in Google Earth details all of the Apollo landing missions, and offers lunar surface panoramas in Google's Street View format. So far, there have been no privacy complaints.

Google's Moon project is a result of the company's Space Act Agreement with NASA. Japan's space agency JAXA also helped out by donating a global terrain dataset of the Moon.

InformationWeek has published an in-depth report on Google's upcoming Chrome OS. Download the report here

Obama honours first men to land on moon

Lalit K Jha Washington: Describing Apollo 11 astronauts as the "three genuine American heroes", US President Barack Obama, honouring them at the White House, said their exploration sparked innovation and creativity back on earth. In an impressive ceremony, commemorating the 40 years of Moon mission, Obama honoured Apollo 11 Mission Commander Neil Armstrong, Command Module Pilot Michael Collins and Lunar Module Pilot Edwin "Buzz" Aldrin and hailed them as "three iconic figures".

Armstrong and Aldrin walked on the moon as Collins flew above. "Very rarely do I have such an extraordinary pleasure as I have today to welcome three iconic figures, three genuine American heroes," Obama said, adding: "To have Neil Armstrong, Michael Collins, and Buzz Aldrin here beside me is just wonderful.

" "The touchstone for excellence in exploration and discovery is always going to be represented by the men of Apollo 11," Obama said. "Their work sparked "innovation, the drive, the entrepreneurship, the creativity back here on Earth".

source : yahoo

Westerner consumers more receptive to unexpected gifts than East Asian once

Washington: A new piece of research has found Westerner consumers to be more receptive to unexpected promotional gifts than their East Asian counterparts.

Published in the Journal of Consumer Research, the study report states that people from diverse cultures react differently to the element of surprise.

The authors—Ana Valenzuela (Baruch College), Barbara Mellers (University of California, Berkeley), and Judi Strebel (San Francisco State University)—say that the researchers explored different cultural responses to promotional gifts, such as gift cards, mugs, snacks, t-shirts, etc.

They say that four studies were conducted in which participants received a gift as a token of appreciation for participating in a survey.

The authors say that some of the participants had the prior knowledge or the gifts, while others were surprised.

They add that irrespective of what the gifts were, participants hailing from the U.S. were found to enjoy the surprise more than those from Taiwan, Singapore, Vietnam, and Hong Kong.

"Why does this phenomenon happen? For Westerners, an unexpected gift reinforces feelings of control over their environment. For East Asians, an unexpected gift indicates imbalance and prophesizes bad fortune. Our findings suggest that East Asians experience of surprise is closely connected to their motivation to seek emotional balance," the authors write.

The final experiment involved approaching bookstore patrons in California and Hong Kong, and asking them to participate in a short survey.

The authors say that those ready to participate were told that they would be given a gift as a token of appreciation.

Half of the participants entered the "Lucky Game" to win the gift, while the other half received the gift without participating in the game.

East Asians enjoyment of the gift increased when it was attributable to luck.

Based on that finding, the researchers came to the conclusion that framing surprises as "good luck" or "good fortune" could enhance East Asians enjoyment of a shifting environment.

"Marketers often use pleasant surprises to influence consumers brand evaluations and purchase decisions. Unexpected marketing activities must accommodate cross-cultural differences," the authors write.

Women use online TV more than men do

Wellington: Women use OnDemand online television service more than men do, to watch the episodes of programmes missed on TV, reveals a study.

The study, headed by research firm Colmar Brunton, found that 76 per cent of more than 600 viewers were female and 80 per cent fell under the age bracket of 40.

According to TVNZ, nearly 1.5 million programmes were being watched each month, and nine out of 10 watched OnDemand at home, reports Stuff.co.nz.

Broadcasting expert Peter Thompson tagged the research findings far from surprising.

The lecturer at Unitec said that women watched more soaps, which could account for the gender divide

Jenna, Barbara Bush were Secret Service's nightmare, claims new book

New York: George W. Bush's daughters, Jenna and Barbara, kept the Secret Service at their feet at all times, claims a new book.

Writer Ronald Kessler alleges in his 'In the President's Secret Service: Behind the Scenes With Agents in the Line of Fire and the Presidents They Protect' that the twins always tried to hoodwink the security.

"Jenna would purposely try to lose her protection by going through red lights or by jumping in her car without telling agents where she was going,” the New York Post quoted Kessler as having written in the book.

"As a result, in a total waste of manpower, the Secret Service kept her car under surveillance so agents could follow her," he added.

Sally McDonough, Laura Bush's press secretary, on being quizzed if Barbara, Jenna, or Hager had any comment, told the author: "I am making a formal request that you do not include any of this nonsense in your book."

MJ's doctors 'unlikely to face homicide charges'

New York: Late King of Pop Michael Jackson's doctors are unlikely to face homicide charges, according to reports.

A senior law enforcement source familiar with the case said that doctors ordered to hand over the singer's medical records were not suspects.

"There's nothing I have been told that would suggest a murder charge. It's just so remote and so unsupported by the facts as they've been gathered," the New York Daily News quoted the source as having told the Los Angeles Times.

However, the source added that other possible counts against the experts had been considered, if they administered the potentially lethal drug Propofol to the star.

Vesna Maras, a former Los Angeles County deputy district lawyer who prosecuted a Propofol case five years ago, said that proving the cause of death would be not be an easy task.

She said: "Assuming you can show Propofol is in blood, you still have a long road to get to prosecuting."

Stella McCartney urges Lindsay Lohan to give up fur

Washington: Fashion designer Stella McCartney has reportedly urged actress Lindsay Lohan to give up fur.

The 'Mean Girls' star has been snapped wearing animal pelts and leather on numerous occasions, and last year campaigners in Paris, France, threw flour over her in protest at a fur coat she was sporting.

According to Britain's Mail, Stella, daughter of Beatles legend Paul McCartney and his late wife Linda, who's also a supporter of (PETA) has expressed her concerns about Lohan''s love of fur and leather goods.

"Lindsay wears a lot of Stella''s designs and she doesn''t want to be associated with a high-profile star who insists on wearing animal products," Contactmusic quoted a source as saying.

A spokeswoman for McCartney says: "She never uses fur and encourages everyone to opt for a vegetarian lifestyle."

Elizabeth Taylor released from hospital after undergoing surgery

Hollywood legend Dame Elizabeth Taylor has been released from a Los Angeles hospital after undergoing surgery.

Taylor, 77, had been admitted to a medical centre near her home in Beverly Hills on July 13, with reports claiming that she was emotionally drained following the death of her long-term pal Michael Jackson.

Her spokesperson subsequently scotched those reports, insisting that she was there for a minor surgery.

“She is in for standard tests and a minor, though painful, surgical procedure. That’s it. No drama, no shrieking, no sedation required. Nobody on her staff is worried. Period,” the Daily Star quoted the representative as saying.

The ‘Taming of the Shrew’ star, who was in the hospital for five days, returned home to continue her recuperation.

“I’m home from the hospital sore, but intact. Of course I’m still grieving for Michael... I always will,” she wrote on her Twitter.com blog.

“I’ve had many tragedies in my life, but I guess they have all taught me something. I have to look at it that way,” she added.

50 Cent slashes asking price for his mansion by £5M

American rapper 50 Cent, real name Curtis James Jackson, has had to slash the asking price for his mansion by 5 million pounds.

The 34-year-old singer, also known as Fiddy, had put the 19-bedroom pad, which has 37 bathrooms and a disco with stripper poles, on the market two years ago for 11.5 million pounds, reports the Sun.

The price of the house in Hartford, Connecticut, which was once owned by boxer Mike Tyson, was then brought down to 9 million pounds, and it has now been reduced further to 6.5 million pounds.

The singer had spent 2.5 million pounds for the home, and another 3.5 million pounds doing it up.

But the ‘Get Rich Or Die Tryin’ star, born in tough Queens, New York, has now got tired of the two-hour commute to his home city, and also wants a more modest pad

Kate Moss wants to join boyfriend's band

If sources are to be believed, supermodel Kate Moss will is keen to join her beau Jamie Hince''s band The Kills and is set to audition for him later this week.

Jamie is currently looking for a new singer to perform with after 30-year-old rocker Alison Mosshart left the duo to focus on her other musical project The Dead Weather - which also includes White Stripes guitarist Jack White.

The British supermodel, who is no stranger to the music world, will now reportedly audition for her lover’s group Kills to replace Mosshart, reports Contactmusic.

Auditions are scheduled for later this week, and despite being Jamie’s girlfriend for two years, the catwalk beauty won''t receive any favourable treatment.

This isn’t the first time when Moss has expressed her desire to perform with her man.

Last month, the 35-year-old asked Jamie to let her join The Kills on stage at a charity event in London, but the guitarist was not in favour of the idea.

"Kate is keen on doing more singing, she wants her voice out there. But Jamie is refusing to even entertain the idea," a source said

Friday, July 17, 2009

Obama urges Congress to stay vigilant on healthcare

WASHINGTON - President Obama, worried about growing resistance to his healthcare plan, exhorted Congress yesterday not to “lose heart’’ and urged deeper cost cuts to calm concern over the huge expense of covering millions of uninsured Americans.

“What we want to do is force the Congress to make sure that they are acting’’ on recommendations to hold down Medicare and Medicaid spending, the president said, rather than allowing reports to sit unused on a shelf.

Aiming to rally lawmakers, Obama spoke from the White House in a hastily scheduled appearance near the end of a week of tumult for the legislation atop his domestic agenda. “I realize that the last few miles of any race are the hardest to run, but I have to say now is not the time to slow down, and now is certainly not the time to lose heart,’’ he declared.

A few hours earlier, two House committees approved their portions of the sweeping healthcare bill over Republican objections after working overnight. The Ways and Means Committee voted, 23 to 18, to help pay for the measure by imposing a surtax on higher-income taxpayers to raise $544 billion over 10 years. The Education and Labor Committee approved its portion of the bill on a vote of 26 to 22.

That left one more House panel to act, but conservative Democrats were rebelling, demanding additional measures to hold down skyrocketing costs.

On Thursday, the head of the Congressional Budget Office told Congress the legislation taking shape would fail to control public spending on healthcare - remarks that produced fresh criticism from Republicans, and gave pause to Democrats.

In letters to key members of Congress yesterday, administration budget director Peter Orszag called for additional steps to ensure the bill “rewards quality, restrains unnecessary costs, and provides better care to more Americans.’’

Under current law, a Medicare Payment Advisory Commission makes recommendations to lawmakers annually on the rates Medicare pays doctors and other healthcare providers. Lawmakers are not obliged to follow them, or even vote on them. In his letter, Orszag proposed that the recommendations take effect unless rejected by the House and Senate.

In a statement released after Obama spoke, Senate majority leader Harry Reid said lawmakers “now stand on the doorstep’’ of enacting legislation.

House Speaker Nancy Pelosi signaled that she, too, was open to additional cost-cutting provisions and suggested they may be incorporated into the bill next week by the House Energy and Commerce Committee.

Any legislation that emerges from Congress is expected to require insurance companies to issue policies to anyone who seeks coverage, without turning them down or charging higher premiums on the basis of preexisting medical conditions.

To spread insurance more widely, both the House bill and companion proposals in the Senate would rely on hundreds of billions of dollars in federal subsidies to assist lower-income families. The House bill also calls for the government to sell insurance in competition with private industry, a provision that Republicans in particular strongly oppose.

Given the complexities, as well as fresh calls for delay in the Senate, Pelosi opened the door to pushing off a vote past the early August timeline that she and Obama laid out weeks ago.

“We have to see what the Senate will do,’’ she said at a news conference.

While Reid has also said he wants legislation on the Senate floor before lawmakers go home for their August recess, six key senators - three Democrats, one independent, and two Republicans - urged a delay. “We believe that taking additional time to achieve a bipartisan result is critical,’’ they said in a letter yesterday to the Senate leaders of both parties.

The letter was signed by Democrats Ben Nelson of Nebraska, Ron Wyden of Oregon, and Mary Landrieu of Louisiana, Republicans Susan M. Collins and Olympia J. Snowe of Maine, and Joe Lieberman of Connecticut, an independent who usually caucuses with Democrats. Snowe, who met one-on-one with Obama on Thursday, has been deeply involved in talks in recent days aimed at drafting bipartisan legislation.

Obama, who also plans a primetime news conference Wednesday and a healthcare event in Cleveland Thursday, did not mention the August recess.

Instead, he urged lawmakers and the public to look past the daily ups and downs and focus on the “unprecedented progress’’ toward healthcare overhaul: hospitals and drug companies have pledged givebacks to help pay for the bill, the American Medical Association and American Nurses Association endorsed legislation this week, and broad agreement on major elements of the bill.


source: boston.com

PENPIX-Main players in Honduras coup crisis talks

The two rivals in Honduras' political crisis -- deposed President Manuel Zelaya and the interim president installed by Honduras' Congress, Roberto Micheletti -- have agreed to a second round of talks in San Jose, Costa Rica, on Saturday, mediated by Costa Rican President Oscar Arias.

A first round of talks last week ended without progress, and there has been little sign since then of common ground between the two sides.

Zelaya, ousted in a June 28 military coup, has said he will not accept any resolution to the crisis unless it includes his return to the presidency. Micheletti has made some overtures but has adamantly refused to consider reinstating Zelaya.

The two men are not expected to meet face to face in the talks, sending high-level delegations instead.

Here are brief portraits of the main players involved:

OUSTED HONDURAN PRESIDENT MANUEL ZELAYA

* A wealthy logging executive who wears a cowboy hat with his suits, Zelaya, 56, won a surprise victory as a moderate liberal in the 2005 presidential election. Originally close to Honduras' ruling elite and known as a guitar-strumming motorbike rider, he moved further left politically and sought financing and energy deals with Venezuela, forging close ties with Venezuelan President Hugo Chavez and echoing his populist rhetoric.

His efforts to extend term limits for the president were considered unconstitutional by his critics and sparked the coup, when the army arrested him and sent him on a plane to Costa Rica in his pajamas on the morning of a vote seen as a step toward extending his mandate.

Zelaya has said he is open to a diplomatic solution to the political crisis but that he would only accept a plan that includes his reinstatement as president.

A recent poll showed he was more popular than his opponent, with 46 percent of public support compared with 30 percent for Micheletti. His supporters took to the streets before the weekend talks, blocking major highways on Friday, including the northern access into the capital, Tegucigalpa.

Zelaya attempted to return home on July 5 but failed when troops prevented his plane from landing. Holed up in a hotel in Nicaragua's capital, he vowed to return but would not say when or how he would do so.

INTERIM PRESIDENT ROBERTO MICHELETTI

* Micheletti, 60, is a veteran of Zelaya's Liberal Party who was head of Congress when he was picked by the assembly as interim president until elections scheduled for November.

A centrist who mixes social programs with deep conservative beliefs, he was formerly an ally of Zelaya but opposed his shift to the left and now has the backing of the business and political elite. Micheletti has said the removal of Zelaya saved Honduras from "Chavismo," a term for the style of socialism championed by Chavez.

Micheletti maintains the ouster of Zelaya was a legal transition of power and that Zelaya cannot be allowed to resume his post as president because he violated the constitution and defied the Supreme Court.

In the days leading up to Saturday's talks, he said he would be willing to call early elections and even resign as part of a solution to the crisis, provided Zelaya agreed not to seek a return to power. He would also consider granting an amnesty to Zelaya for his alleged political crimes, should he return


source: reuters.com

Tuesday, July 14, 2009

2 more people arrested in slaying of Fla. couple

Two more people have been arrested in the slayings of a wealthy Florida Panhandle couple known for adopting children with autism, Down syndrome and other disabilities.

The new arrests, both in a nearby county, bring the total to six.

The Okaloosa County Sheriff's Office confirmed the arrests but declined to identify the latest suspects or release other details.

A spokeswoman said that information would be announced later Tuesday by authorities from Escambia County, where Byrd and Melanie Billings were killed. They were shot to death at their home near Pensacola last week by several intruders caught on surveillance cameras.

The couple had 17 children — four biological and 13 adopted. Nine children were at the home when the Billingses were killed.

Sotomayor calls 'wise Latina' remark a bad choice of words

Under tough questioning from Republicans, U.S. Supreme Court nominee Sonia Sotomayor conceded Tuesday she made a bad play on words in her controversial statement that a "wise Latina woman" could reach a better conclusion than a white man.

Sonia Sotomayor speaks before the Senate Judiciary Committe on Tuesday, the second day of her hearings.

Sonia Sotomayor speaks before the Senate Judiciary Committe on Tuesday, the second day of her hearings.

"I want to state up front, unequivocally and without doubt: I do not believe that any ethnic, racial or gender group has an advantage in sound judging," Sotomayor said on the second day of the Senate Judiciary Committee hearing on her nomination by President Obama to be the first Hispanic justice on the the nation's highest court.

Facing direct questioning for the first time, Sotomayor remained calm as Democrats and Republicans asked her about past cases and speeches that have been publicized since Obama nominated her in May to become the 111th person to sit on the Supreme Court.

She gave careful answers on two politically sensitive issues -- gun control and abortion -- saying that the 1973 Roe v. Wade abortion ruling was settled law and that she supports the Second Amendment right to bear arms.

If approved by the committee and confirmed by the full Senate, she would be the third woman to serve on the Supreme Court.

Sen. Patrick Leahy, D-Vermont, chairman of the committee, gave Sotomayor the opportunity to comment on criticism over her past statements that she hoped "a wise Latina woman with the richness of her experience would more often than not reach a better conclusion than a white male who hasn't lived that life."

"No words I have ever spoken or written have received so much attention," Sotomayor said of the statement from past speeches to law students, particularly Hispanic students

Thursday, July 9, 2009

G8 summit to tackle food supplies

Leaders of developed G8 nations are to unveil new efforts to boost food supplies to the hungry, during the final day of their summit in Italy.

They are expected to commit as much as $15bn (£9.2bn) to efforts to help poor nations develop their own agriculture.

On Thursday, the second day of talks, the summit focused on climate change.

Leaders from both developed and developing nations agreed that global temperatures should not rise more than 2C above 1900 levels.

That is the level above which, the UN says, the Earth's climate system would become dangerously unstable.

On Friday, the summit in the Italian city of L'Aquila is turning to the issue of food security.

BBC economics correspondent Andrew Walker says the idea is to put more emphasis on helping people feed themselves.

That is to be achieved with more investment in the agriculture of developing countries, and the G8 are expected to pledge significant resources, our correspondent adds.

However, World Bank President Robert Zoellick, who is at the summit, emphasised that food aid would still be necessary.

Political breakdowns and weather problems will disrupt supplies he said, but he is keen to see more effort made to develop the farming sector.

US President Barack Obama will be meeting representatives of Angola, Algeria, Nigeria and Senegal, before embarking on an African tour later on Friday.

Source: bbc

G8 eyes climate as summit includes emerging powers

  • G8 reaches out to developing nations
  • Discussions to focus on climate and trade
  • UK's Brown hopes for temperature agreement
Leaders of the world's richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions.

U.S. President Barack Obama will chair the climate discussions, but hopes of agreeing ambitious goals have faded after China and India rejected demands to halve the emissions of greenhouse gases by 2050.

The talks come on the second of a three-day Group of Eight summit, with discussions broadened to include the heads of new economic powerhouses in recognition that the world's problems cannot no longer be dealt with by an elite few.

The fragile state of the global economy dominated the first day of the annual G8 summit, with the United States, Japan, Germany, France, Britain, Italy, Canada and Russia acknowledging that were still significant risks to financial stability.

They also agreed to try to limit global warming to 2 degrees Celsius (3.6 Farenheit) compared with pre-industrial levels and pledged to cut their greenhouse gas emissions by between 50 and 80 percent by mid-century.

"I hope we can agree the 2 degrees Celsius target with all the countries around the table today," said Britain's Gordon Brown shortly before Thursday's talks were due to begin.

The 17-member Major Economies Forum (MEF), which groups the G8 plus big developing nations, also looks set to embrace the 2 Celsius goal on Thursday, but is balking at further commitments ahead of a decisive U.N. climate conference in December.

"Tthere is a reasonable chance of achieving consensus in the MEF on the 2 degree principle but it is not realistic to expect agreement today on emissions targets," said one G8 source.

Progress could be hampered by the absence of Chinese President Hu Jintao, who withdrew from talks to attend to ethnic clashes in China's northwest that have killed 156 people and wounded over a thousand.

Indian negotiators said developing countries first wanted to see rich nation plans to provide financing to help them cope with ever more floods, heatwaves, storms and rising sea levels.

Temperatures have already risen by about 0.7 Celsius since the start of the Industrial Revolution ushered in widespread burning of fossil fuels, and Italy's prime minister said everyone should share the burden of tackling the problem.

"It would not be productive if European countries, Japan, the United States and Canada accepted cuts that are economically damaging while more than 5 billion people in other countries carried on as before," Prime Minister Silvio Berlusconi said.

ECONOMY, CURRENCIES, TRADE
Broader economic concerns will also be high on the agenda on Thursday, with emerging nations complaining that they are suffering heavily from a crisis that was not of their making.

China, India and Brazil have all questioned whether the world should start seeking a new global reserve currency as an alternative to the dollar. They have said they may raise this on Thursday after discussing it amongst themselves on Wednesday.

Indian Foreign Secretary Shivshankar Menon told reporters developing economies in the so-called "G5" had suggested the use of alternative currencies to settle trade among themselves.

The debate is highly sensitive in financial markets, which are wary of risks to U.S. asset values, and the issue is unlikely to progress very far in L'Aquila.

However, a breakthrough on trade did look within reach.

Diplomats say the G8 and G5 should agree to conclude the stalled Doha round of trade talks in 2010. Launched in 2001 to help poor countries prosper, they have stumbled on proposed tariff and subsidy cuts.

"We commit to reach a rapid, ambitious, balanced and comprehensive conclusion of the Doha Development Agenda," the G8 said in a joint statement on Wednesday.


The G5 issued their own statement, saying they was committed to try to address "any outstanding problems" on trade talks and added the successful conclusion of Doha would provide "a major stimulus to the restoration of confidence in world markets".

Wednesday, July 8, 2009

Mr Berlusconi's G8 party

Silvio Berlusconi, Italy's billionaire prime minister, playing host this week to leaders of the world's other seven most powerful industrial nations in the unlikeliest of all venues, a central Italian mountain town that was all but wiped out by an earthquake last April, and which continues to shudder with aftershocks.

He has also invited along to his mega-meeting the leaders of another two dozen countries including the economic giants of the future and a handful of much poorer African nations.

The party is called G8.

And it is already turning into something of a logistical nightmare. The VIP guests are being ferried by helicopter to and from the party venue - a rather unattractive but reputedly seismically safe police barracks, just outside L'Aquila, dressed up for the occasion.

A military exclusion zone has been set up around the barracks with roadblocks to ward off any potential party poopers in the shape of anti-global demonstrators.

E.ON, GDF Suez Fined 1.11 Billion Euros Over Gas Deal

GDF Suez SA of France and Germany’s E.ON AG were each fined 553 million euros ($768 million) for breaking European Union antitrust rules by colluding on sales of natural gas in national markets.

The European Commission, the EU’s antitrust authority, ruled that gas-transport agreements signed in 1975 violate the bloc’s regulations against sharing markets.

“This agreement deprived customers of more price competition and more choice of supplier in two of the largest gas markets in the EU,” Competition Commissioner Neelie Kroes said today in a statement. “The commission has no alternative but to impose high fines.”

The fines, totaling 1.11 billion euros, are the first for anticompetitive behavior in the energy industry, the commission said. The EU has increased scrutiny of utilities in the bloc’s 300 billion-euro power and gas market as it seeks to dismantle barriers to competition after customers gained the right to choose energy suppliers under a 2003 law.

The penalties account for less than 1 percent of 2008 sales at E.ON and GDF Suez, according to Bloomberg calculations. That compares with the 10 percent that the Brussels-based regulator is permitted to dock companies.

‘Relatively Limited’

“It’s a significant fine, but if you look at the effect on the companies’ fair value, it’s relatively limited,” Stephan Wulf, a Frankfurt-based analyst at Oppenheim Research GmbH, said today. “There won’t be any significant changes in the competitive environment” as a consequence. Oppenheim has a “buy” recommendation on GDF Suez stock and a “neutral” rating on E.ON.

GDF Suez, the world’s second-largest utility, said in a statement it disagrees with the commission ruling and will file an appeal with the EU’s Court of First Instance. E.ON Ruhrgas AG, the gas unit of Germany’s biggest utility, also said it will challenge the decision in court.

E.ON gained as much as 2.8 percent to 23.60 euros in Frankfurt trading, the biggest gain in two weeks. The stock was at 23.31 euros as of 12:56 p.m. local time, valuing the Dusseldorf-based company at 44.5 billion euros.

GDF Suez fell as much as 1.4 percent to 24.73 euros in Paris, the lowest intraday price since April 24, before trading at 24.85 euros. The stock has slumped 27 percent this year, valuing the company at 56.2 billion euros.

GDF-E.ON Accord

Gaz de France SA, which merged with Suez SA last year, and Ruhrgas AG, now E.ON Ruhrgas, signed a deal on gas deliveries through their jointly owned Megal pipeline in 1975. The investigation into the agreement started in 2006. E.ON settled a separate EU antitrust probe into potential abuse of its market position in November by agreeing to sell its German power grid and about 5 gigawatts of electricity generation capacity.

German competitor RWE AG also agreed to divest its domestic gas transmission network to resolve an EU antitrust probe.

E.ON and GDF Suez import gas from Russia and the North Sea through a network of pipelines. Germany, served by 375,000 kilometers (233,000 miles) of pipes, consumes the most gas in Europe after the U.K., according to BP Plc data.

E.ON’s sales rose 26 percent to 86.75 billion euros last year as the company added clients and power plants abroad. GDF Suez had revenue of 67.92 billion euros, according to data compiled by Bloomberg.

Remedy Concerns

Separately, the commission said GDF Suez offered commitments to “remedy concerns that it might have infringed” competition rules by abusing a dominant market position in the gas industry.

“The commission was concerned in particular that GDF Suez might be closing off competitors from access to gas import capacity into France,” the regulator said.

The Paris-based company said today that it set aside provisions at the time of its merger last year that fully cover the amount of the fine announced by the EU. The utility’s main domestic competitor is Electricite de France SA, which is also the world’s largest utility.

Google launches OS - calls out Microsoft

NEW YORK - Google Inc. is planning to hit Microsoft Corp. where it hurts by challenging the software giant's dominance in the world of computer operating systems.

The search firm said late Tuesday that it will begin offering its own operating system, called Chrome, in the second half of 2010.

While Google already offers a host of products that compete with Microsoft (MSFT, Fortune 500), the new operating system is a direct challenge to Microsoft Windows, which is the most widely used operating system in the world.

"We hear a lot from our users, and their message is clear: computers need to get better," Google said in a statement. Chrome is "our attempt to re-think what operating systems should be."

0:00 /4:19Andreessen launches fund
The new system will initially be targeted at netbooks, the company said. Netbooks are small, inexpensive laptop computers used mostly for Internet access.