среда, 14 марта 2012 г.

Rieter Reports Weaker Demand

The Rieter Group has revised its expectations downward for the current financial year in light of the fact that the markets for textile machinery in particular are developing less favorably than previously expected. There are also signs of a more severe downturn in vehicle production in Rieter' s main markets. Based on current exchange rates, Rieter now foresees a significant decline in sales and a decrease in operating margins.

In contrast to record figures for orders received, sales and operating earnings in 2007, demand has been weakening since the fourth …

Tracinda plans tender offer for 20 million Ford Motor shares at $8.50 apiece

Billionaire Kirk Kerkorian's company says it plans to make a cash offer of $8.50 per share for up to 20 million shares of Ford Motor Co.

The offer price represents a 13.3 percent premium over Ford's closing price on Friday.

Kerkorian's Tracinda Corp. now owns 100 million Ford shares, or 4.7 percent of the outstanding stock. When the offer is completed, …

Did suburban sprawl make our bodies sprawl? With neighborhoods built for cars, walking gets short shrift

Why don't Americans walk anywhere?

Old answer: They're lazy.

New answer: They can't.

There is no sidewalk outside the front door, school is 5 milesaway, and there's a six-lane highway between home and thesupermarket.

A number of public health experts believe the way neighborhoodsare built is to blame for Americans' physical inactivity--and theresulting obesity epidemic.

The public health concern is a new slant on the issue of suburbansprawl. These health experts bring a deep-pocketed force of privatefoundations and public agencies into discussions about whatneighborhoods should look like.

And the argument over whether suburbs are bad for …

MWC executive reaffirms Zimbabwe assembly

Bulawayo, Zimbabwe

The next worldwide assembly of Mennonites and Brethren in Christ will be held in Zimbabwe in August 2003. The Mennonite World Conference Executive Committee reaffirmed that decision during its annual meeting here August 2-6.

"After enjoying the hospitality and fellowship of the Brethren in Christ, after experiencing the situation on the ground, after listening to the voices of God's people in Africa, the MWC Executive Committee is convinced that God is indeed calling the worldwide Mennonite and Brethren in Christ family to convene in Bulawayo next year," said the executive.

Some people, particularly in North America and Europe, have questioned …

Douglas ex loses bid to revive NY suit against him

NEW YORK (AP) — Michael Douglas' ex-wife has lost a bid to revive her quest for half his "Wall Street: Money Never Sleeps" earnings in a New York court, ending the latest episode in a bitter sequel to their multimillion-dollar divorce.

A Manhattan judge reiterated in a ruling Thursday that the cash clash belongs in California, where the couple divorced in 2000 after 23 years together. Cooper threw out Diandra Douglas's suit for the same reasons in November, but she asked him to reconsider.

"This court adheres to its original decision holding that the California court has exclusive jurisdiction over this dispute" since a provision in their divorce deal says so, state Supreme …

Dusty Baker Meets With Cubs GM Jim Hendry

HOUSTON - Chicago Cubs manager Dusty Baker met with general manager Jim Hendry on Wednesday and felt "comfortable" about his job status amid reports Hendry was considering staff changes during the All-Star break.

The Cubs lost 10 of their last 12 games and were 30-53 heading into the finale of a three-game series in Houston.

Baker was confident he would be given the chance to rescue the season.

"We need to win, that's no secret," Baker said. "Yeah, I feel comfortable. A lot of other people don't feel comfortable, but I feel comfortable."

Hendry told the Chicago Tribune he would use the upcoming All-Star break to decide if he needed to overhaul the staff.

"I'm evaluating everything," he told the newspaper. "You're getting ready to go into a month where you have to evaluate what you have and who you, for sure, think is going to get better and you want to keep, and in some cases, maybe move some guys. You want to give everyone a fair chance to succeed."

Early injuries to Derrek Lee, Mark Prior and Kerry Wood have contributed to the Cubs' struggles. But the Cubs have scored the fewest runs of any NL team and have the second-highest ERA.

"We're all frustrated. It's all our faults," Baker said. "We're not exactly tearing it up in any department. We've just got to do a better job, that's all."

вторник, 13 марта 2012 г.

Zimbabwe opposition to get majority in Cabinet

Zimbabwe's opposition will get more Cabinet posts than President Robert Mugabe's party in the long-sought unity government, state radio reported Sunday.

It said the Cabinet under a power-sharing deal brokered by South African President Thabo Mbeki will have 31 members; 16 from the opposition and 15 from Mugabe's party.

Mugabe's ZANU-PF and the opposition have begun discussing the appointments before the ceremonial signing on Monday of a deal reached after weeks of negotiations that followed widely discredited elections, the radio said.

Under a media blackout on the talks, no details were immediately available on Cabinet appointments, but the opposition has demanded control of the police while agreeing to Mugabe retaining control of the military.

Both the police and military have been blamed for state-orchestrated violence and torture of Mugabe's opponents.

ZANU-PF, the Movement for Democratic Change led by Morgan Tsvangirai and the smaller opposition grouping of Arthur Mutambara met in Harare on Saturday to work on Cabinet appointments before a meeting of Mugabe's politburo, his party's top policy body, the radio said.

The 30-member politburo "endorsed" the power-sharing agreement that was announced Thursday, the radio said.

Attorney David Coltart, an opposition lawmaker, said in a message to his supporters the first task lying ahead was for the Harare parliament to pass a constitutional amendment forming a new power-sharing government enabling the administration to urgently start work.

The new government will keep Mugabe as president with greatly reduced powers along with two largely ceremonial vice presidents drawn from ZANU-PF. Tsvangirai becomes prime minister with two opposition deputies, Coltart said.

"Although he (Tsvangirai) does not have absolute power he does have substantial power," he said. "This is undoubtedly historic but we still have a long and treacherous road to travel."

Virtually all of the Cabinet ministers to be appointed by the opposition "have at some stage in the last nine years been brutalized on the instructions of those they will now have to work with," said Coltart.

Mugabe is still to chair the Cabinet, with Tsvangirai to sit as vice chair. But the opposition leader heads a Council of Ministers that will supervise the work of the Cabinet, Coltart said.

"Zimbabwe remains highly polarized and it will take statesmanship on all sides to make this work," he said.

The compromise over the dual roles of Mugabe and Tsvangirai broke a deadlock that threatened to collapse the power sharing talks that began in June. It reflects the votes cast for their different parties in March 29 elections. In parliamentary voting, ZANU-PF garnered slightly more votes but not the most parliament seats.

In presidential polling, Tsvangirai did not win enough votes to avoid a runoff against Mugabe. An onslaught of state-sponsored violence against Tsvangirai's supporters led him to drop out of the presidential runoff and Mugabe was declared the overwhelming winner of the second vote widely denounced as a sham.

Long-simmering and bitter differences between the two sides and the nation's worsening economic collapse are expected to put the power-sharing deal under massive pressure.

Hours before the accord was announced, Mugabe told a meeting of fiercely loyal tribal chiefs he would never allow the opposition "to govern this country."

Mugabe, 84 and in power since independence from Britain in 1980, and Tsvangirai, 56, are seen to have been forced into the deal by economic pressures.

Zimbabwe has by far the world's highest official inflation of 11 million percent, though independent financial institutions put real inflation closer to 40 million percent and rising daily.

Chronic shortages of local currency led the central bank last week to announce it would be legal to trade in foreign currency and use it to buy scarce food and basic household goods _ "U.S. dollarizing" the economy _ a move it had repeatedly ruled out.

Western nations poised to send in urgently needed aid and investment have expressed wariness over whether to back Mugabe's continued place in decision making. They accuse him of holding onto power through violence and fraud and ruining the economy following the often violent seizures he ordered of thousands of white-owned commercial farms, the backbone of the agriculture-based economy, in 2000.