Monday, August 22, 2005

About 90 law enforcement officers from multiple agencies broke up what they said was a rave party on public and private property in the Diamond Fork area of Spanish Fork canyon, an hour outside of Salt Lake City, Utah, at about 11:30 p.m. Saturday (5:30 Sunday UTC).

According to the county, the Sheriff’s Office had been investigating similar parties since the beginning of the season. In a press release from the Sheriff’s Office in Utah County, the department states that previous allegations of sexual abuse at other raves, as well as various firearm and theft violations, were reasons for the investigation. The release continues on to state that the proper permit was not obtained before the event started.The promoters deny this allegation and insist that all permits were legally obtained before the event.

Armed with semi-automatic assault rifles, tasers, and tear gas, the police used dogs to sweep the crowd for narcotics. At least one helicopter was used in the operation, which served as a large spotlight for the ground teams. Prior to raiding the show, several unnamed police informants had reportedly told police that they had observed some “illegal activities”.

The promoter says the party took place on private property, named Child’s Ranch, with express permission from the owner. The property owner has apparently had at least one previous lawsuit with police over a similar event. Utah County requires a permit, bond and county commission approval for all gatherings with more than 250 people present and which can be expected to continue for 12 hours or more. DJ time slots and Pro Audio and Lighting contracts show that the party was scheduled to go on for no more than ten hours. According to a DJ at the event, “They presold 700 tickets and they expected up to 3,000 people total.” He added that by the time police arrived “the crowd was about 1,500”.

The police have publicly stated that only a permit from the health department was obtained, and that a Utah mass gathering permit was needed. The promoters have stated that they had the required permit, and have given a permit number (# 2005-11). Jay Stone, who handles mass gathering permits for the Utah County Health Department’s Bureau of Environmental Health Services, has confirmed that the permit was applied for and granted for the party. Officials also claim that the party had spilled over onto public land, and that more than 60 arrests were made in total – for driving under the influence of alcohol or drugs, underage drinking, drug possession and distribution, resisting arrest, assault on a police officer, disorderly conduct, and one instance of a weapons offense, a pistol which was found in the home of the private property owners. Among the confiscated items and drugs found were cocaine, ecstasy, marijuana, mushrooms, alcohol, and drug paraphernalia. Some of the drugs may include those confiscated from attendees by private security guards – who were also arrested.

Amateur video from the scene shows a number of SWAT police (Sheriff’s press release places the figure at 90) screaming orders at the DJs to “Shut it down now!” and yelling at others to “get out now, or I’ll kick your ass in jail.” Armed police are also seen tackling two attendees, Alaisha Matagi and Paul Maka. It is unclear from the video footage whether these actions were provoked or not. However, those shown on the two-minute long footage that are being forced to the ground do not appear to be resisting arrest. Both Matagi and Maka are charged with failure to obey a police officer and resisting arrest – Maka is also charged with interfering with police. Sheriff Jim Tracy stated in an email that both of them were tackled and arrested after assaulting a deputy, however, neither of them are being charged with assaulting a police officer.

A first hand account from a DJ booked to play at the party stated that while police were arresting a man accused of possession, the suspect was beaten to the ground and continually “kicked in the ribs” by four armed “soldiers” dressed in camouflage. The item was not shown on the video footage. According to the account, nobody resisted the policemen, and the crowd was orderly, but tear gas was thrown at the partiers as they attempted to leave as instructed. The DJ also states that police were attempting to confiscate video equipment, but an amateur video has still surfaced on the internet (see sources below). The video appears to have been taken near the DJ stand before it was moved to show more of the action.

Several attendees felt they should have the right to attend an event where drugs may be present, so long as they don’t personally use them. “While it may be true that some individuals choose to take drugs at said events like this, myself as well as many others choose to go for the music. Just like anything, you have bad apples, but you shouldn’t cut down the tree,” said one attendee. “Raves are not the only musical gatherings where drugs are used and distributed,” said another.

Other event-goers felt that the use of force in the shutdown was excessive – numerous eyewitness accounts by concertgoers describe people being beaten, tasered, or attacked with dogs. An email from Sheriff Jim Tracy stated that dogs and tasers were present at the raid, however, he also states that the tasers were not used on anyone, and that no dogs were deployed against concertgoers.

One account from an attendee, identified as “Colby”, states:

“I saw at least two people being beaten on the ground while barking, snarling dogs are held just a few feet from them. Weapons were being pointed at unarmed, peaceful civilians. A friend of mine was forced at gunpoint to put his hands on his head and turn around, because he asked if he could get his things from the tent.”

Utah County sheriff’s Sergeant Darren Gilbert also alleged that a 17-year-old girl was found overdosed on ecstasy, and was treated and released to her parents. According to an advertisement for the event, an attorney was present at the party. The local sheriff is scheduled to appear on Utah TV.

Monday, April 6, 2009

Leaders and central banks in Russia, China, Malaysia, Indonesia, Thailand, and Kazakhstan have called for an international currency system.

Speaking on April 1 in advance of the G-20 summit in London, Russian president Dmitry Medvedev argued that the international finance system needed a “new construction” including “new currency systems”, saying that such a new system could be the purpose of a revamped IMF and World Bank. The IMF was originally founded in 1946 as the overseer of the Bretton Woods system, which from its founding until the 1970s tied the western world’s currencies to the US Dollar, which was in turn backed by gold. Russia’s proposal was for the new currency to serve as a reserve currency, one which would take the place of the dollar, euro, and other heavily-traded currencies as an international standard of exchange.

Medvedev’s comments are a reversal of Russian position from a lukewarm response following a looser outline for a worldwide currency by Kazakhstani president Nursultan Nazarbayev. On March 11, Nazarbayev suggested the establishment of the “acmetal”, a portmanteau of “acme” and “capital“, as a reserve currency replacing the ruble in international transactions, first for Central Asia and then worldwide. 1999 Economics Nobel laureate Robert Mundell, speaking to the Daily Telegraph, endorsed the idea, saying “It would be a very good idea if the G-20 took that idea up in London”.

2001 Nobel economics prize winner Joseph Stiglitz, meanwhile, said the new currency could come about quickly if it was based on an expansion of the IMF’s already established system of Special Drawing Rights, units of exchange used by the IMF which already have some of the features of currency. Stiglitz argued that, as the US dollar has become the standard global reserve currency, it has inadvertently created a system which hurts the world economy. “It’s a net transfer, in a sense, to the United States of foreign aid,” he argued, reasoning that when other countries purchase US dollars in order to use them on international markets (such as for the buying and selling of petroleum), they effectively give the US a zero-interest loan — sometimes at times when they can least afford it. Stiglitz made his comments as head of a United Nations panel of economists giving recommendations to address the global financial crisis.

In the weeks leading up to the G-20 conference, the People’s Republic of China also began discussing a new system for reserve currencies. In a March 23 speech, Zhou Xiaochuan, governor of the People’s Bank of China, endorsed a new reserve currency, saying “the desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.” Zhou went on to endorse the expansion of the SDR system in the long-term creation of a reserve currency government by the IMF. While Zhou did not mention the US dollar specifically, analysis by Qu Hongbin, chief China economist for HSBC, for the Financial Times said that the speech “is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money”.

China holds $740 billion as assets; inflation in the US economy, which has been low in recent years, would directly cause those assets to lose value.

While the Chinese government has engaged in currency swaps with several other growing economies, such as South Korea, Argentina, Malaysia and Indonesia, the Chinese Yuan cannot be used itself as a reserve currency as it cannot be freely traded on the global market.

The Chinese-Russian proposal was not entered onto the agenda at the G-20 meeting itself. Nonetheless, British Prime Minister Gordon Brown said that the G-20 was open to considering the proposal if and when a detailed one is presented. United States President Barack Obama, meanwhile, endorsed the continuation of dollar supremacy, saying that the US dollar is “extraordinarily strong” and arguing that its strength was the result of the intrinsic stability of the United States economic and political system; US treasury secretary Timothy Geithner had, the week before, made comments that while he supported an expansion in the SDR mechanism he rejected the idea of a global currency. Rather than change the role of SDRs, the G-20 meeting instead added $250 billion in support to the fund backing SDRs.

After the G-20 conference ended on Thursday, Malaysia’s The Star BizWeek reported that the central banks of Indonesia, Malaysia and Thailand had endorsed the Chinese proposal. All three countries have close economic ties with China and suffered heavily from the collapse of their currencies in the 1997 Asian Financial Crisis; the sudden growth in the value of the US dollar relative to those countries’ native currencies sharply increased debt in Southeast Asia’s economies, leading to a wave of bankruptcies.

International reaction from other economies has been mixed and guarded. Luiz Inacio Lula da Silva, President of Brazil, said that the currency proposal was important to discuss but did not give extensive comment. And while UPI reports that India supported the SDR proposal at the G-20 conference, the Indian Press Trust quotes Indian Prime Minister Manmohan Singh as saying last month, “It is too early to talk about common currency.”

Calls for an independent global reserve currency are not new. In 1944, John Maynard Keynes proposed the “bancor“, a unit like the SDR supported by a basket of commodities. Keynes’ idea was rejected and the US dollar took the equivalent role under the Bretton Woods system. Keynes proposed that the bancor system would be reinforced by a tax on participating countries’ current accounts, the difference between their exports and their imports, in order to encourage balanced trade. Meanwhile, monetary unions have become more popular since the end of the gold standard, with most of the European Union now trading the euro, and several countries outside the EU using it as a de facto currency; five West African countries adopting the eco at the end of this year; and the African Union planning to introduce the afro in 2028. Proposals for a North American currency union based around the so-called “amero” have been frequently discussed as the focus of conspiracy theories in the United States, but none of the US, Canada or Mexico have actively pursued the establishment of any such monetary union, however the dollar is the currency of several Latin American countries.

Monday, September 4, 2017

Experts in Frankfurt, Germany defused a World War II-era bomb yesterday, after more than 60,000 people, the most since World War II, evacuated from the area.

The HC 4000 blockbuster bomb, dropped by the United Kingdom’s Royal Air Force, was discovered days ago near the Goethe University Frankfurt campus in a construction site. Fire chiefs warned its reportedly 1.4 tons of explosives could have destroyed an entire city block.

Residents of the Westend neighborhood, including those of two nearby hospitals, were asked to evacuate by 8 a.m. local time (0600 UTC), though the bomb removal process only began around 2:30 p.m., as the evacuation drew on. Just after 8 a.m., Markus Röck, a spokesman for the Frankfurt fire brigade, said: “The situation is relaxed which is a good sign and everything so far is going according to plan. We will now assess if everybody has left voluntarily and go from house to house and remove people if necessary.”

About 1,100 workers assisted with the evacuation, according to the fire brigade, and helicopters and heat-detection technology were used to check everyone within 1.5 kilometers, about 1 mile, had left. A convention center and concert hall opened to house people, and at museums and the airport, other activities were offered for free.

When the area near the bomb was evaluated, other parts of the city became more populated. Peter Cachola Schmal, director of the German Architecture Museum, remarked, “It’s a different atmosphere here today, because people are settling for a longer time[…] People are coming here to sit with their laptop and work, for example, or read the newspaper for hours.”

Fire brigade director Reinhard Ries said, “the scale of this bomb is overwhelming. I have never seen anything like it.”

Likely thousands of unexploded bombs from the era remain across Germany, and reportedly eleven bomb defusal technicians have been killed there since 2000. Devices may become more unstable as time wears on and their fuses age.

A compilation of brief news reports for Thursday, August 13, 2009.

The French capital Paris has seen a second night of violence by demonstrators, who have blamed police for the death of a motorcyclist on Sunday.

On Sunday night youths in the eastern suburb of Bagnolet, set 29 vehicles alight and threw stones and petrol bombs at police. Monday night was “relatively calm” according to Samira Amrouche, spokeswoman for the regional administration, the authorities having depolyed 40 vans of riot police only 8 vehicles were burnt.

The motorcyclist, a pizza deliveryman, was killed when he fled police attempting to examine his documents, dying when he was struck by a pursuing police vehicle according to the youths,however in the police version his death was a result of him crashing into barriers.

The current violence has echoes of the unrest in 2005, with again dissaffected youths of Arab and black descent venting their anger and frustration.

Sources

• “Paris suburb youths fight police” — BBC Online, August 11, 2009
• “Plea for calm after Paris violence” — Press Association, August 11, 2009

The leaders of the North American Free Trade Agreement (NAFTA) met in Guadalajara, Mexico on Sunday and Monday. The leaders of the three countries (Barack Obama of the United States, Felipe Calderón of Mexico, and Stephen Harper of Canada) promised to work together on swine flu, organised crime and green issues.

Despite disputes in a number of areas remaining unresolved, the three leaders succeeded in presenting an amiable Three Amigos image. The three leaders expressed solidarity, and an understanding of each others position.

The unresolved issues include the buy American clauses in the US stimulus package, tit for tat reprisals by the Mexican authorities over Canadian visa restrictions on Mexican travellers, and the US ban on Mexican trucks from crossing the border.

Risking the ire of human rights activists back home President Obama expressed support for President Calderón’s war against drugs saying he had “great confidence” in the Mexican authorities.

Sources

• An. “Canadian and Mexican leaders fail to reach agreement on visas” — Xinhua News Agency, August 11, 2009
• An. “North American leaders wrap up summit, joint statement embodies cooperation” — Xinhua News Agency, August 11, 2009
• Tanya Huntington Hyde. “Ignoring Mexico’s human rights abuses” — The Guardian, August 11, 2009
• “Border ban angers Mexico truckers” — BBC Online, August 09, 2009

Mexican Federal Police (Policía Federal) have foiled an alleged plot to assasinate the President of Mexico Felipe Calderón. Acting on intelligence gathered over a year the Federal Police arrested five drug cartel members on Sunday and publicly paraded their captives and a number of weapons ,including automatic rifles, on Monday. Speaking during a summit of North American leaders Calderón played down the threats on his life, saying that the cartels are being destroyed by his policies.

Some 11000 have died since President Calderón’s took office in 2006 and made the war on drugs a cornerstone of his administration.

Sources

• “Drug cartel allegedly plotted to kill Mexican leader” — CNN, August 11, 2009
• “Mexican police foil drug cartel plot to kill president” —  August 11, 2009
• Julie Watson. “Mexico: Suspect plotted to kill president” — Associated Press, August 10, 2009

Aung San Suu Kyi has been sentenced by a court in Burma to a further three years of house arrest for violating the terms of her previous sentence. However her sentence was immediately commuted to 18 months on the orders of Burmese head of state Senior-General Than Shwe out of respect for her father General Aung San and out of a desire for “national reconciliation”.

The period of her arrest will prevent Aung San Suu Kyi from participating in the general elections scheduled for 2010. The sentence was immediately condemned by Western leaders, and breaking from their usual silence, the Association of South East Asian Nations (ASEAN) through its current chair Thailand issued a statement expressing disappointment. The ASEAN statement and talk of further European Union and United States sanctions are unlikely to have any impact on Southeast Asian country given the support of India and China.

The Chinese issued a statement calling for the world to respect Burmese sovereignty and laws, and is seen as an indication that China, a veto power will not support any United Nations actions.

John Yettaw whose unauthorised visit led to Aung San Suu Kyi’s prosecution has himself been sentenced to seven years imprisonment, four of which will be for hard labour.

Sources

• “Asian regrets at Suu Kyi verdict” — BBC Online, August 12,2009
• Li. “Myanmar gov’t gives reasons to commute Aung San Suu Kyi’s sentence” — Xinhua News Agency, August 12, 2009

Four employees of the Rio Tinto Group have been formally arrested in China on charges of bribery and using improper practises in its negotiations with Chinese companies. The Chinese accuse the men of improperly learning the negotiating position of Chinese companies wishing to buy iron ore, and through this charging 700 billion yuan (US$102.46 billion) more then they would otherwise have been able to

The four were initially held on espionage charges and have been held since early July. The formal charges allows the Chinese authorities to hold the four a further seven months as it prepares its case against them. Their arrests followed the collapse of an attempted by Chinese owned Chinalco to raise its stake in the Anglo-Australian Rio Tinto Group to 18%.

Sources

• Anne Barrowclough. “Rio Tinto China executives charged with bribery” — The Times, August 12, 2009
• “Watchdog on secrets: Rio caused “huge loss”” — Xinhua News Agency, August 10, 2009
• “A souring relationship” — The Economist, August 10, 2009

Michael Jackson will be the star of a film to be released on October 28, some four months after his death. The film will be primarily cut from footage of Jackson rehearsing for the series of concerts that would have taken place at the O2 in London, but will also feature interviews with Jackson’s family and friends.

The film becomes possible after AEG Live, the promoter of the O2 concerts, reached an US$60 million agreement with Columbia Pictures for over 100 hours of footage of Jackson preparing for his swan song.

“He was the architect of ‘This is it‘, and we were his builders…” said Kenny Ortega, Jackson’s collaborator on the project “…it was clear that he was on his way to another theatrical triumph.”

Sources

• Rosie Swash. “Michael Jackson film gets October release date” — The Guardian, August 11, 2009
• “Michael Jackson rehearsal film set for worldwide cinematic release” — New Musical Express, August 11, 2009

Tuesday, August 31, 2010

Every September, the Apple iPod is redesigned. Last year saw the release of the iPod Nano 5th generation, bringing a video camera and a large range of colours to the Nano for the first time. But as Apple again prepares to unveil a redesigned product, the company has released their quarterly sales figures—and revealed that they have sold only 9m iPods for the quarter to June—the lowest number of sales since 2006, leading industry anylists to ponder whether the world’s most successful music device is in decline.

Such a drop in sales is not a problem for Apple, since the iPhone 4 and the iPad are selling in high numbers. But the number of people buying digital music players are concerning the music industry. Charles Arthur, technology editor of The Guardian, wrote that the decline in sales of MP3 players was a “problem” for record companies, saying that “digital music sales are only growing as fast as those of Apple’s devices – and as the stand-alone digital music player starts to die off, people may lose interest in buying songs from digital stores. The music industry had looked to the iPod to drive people to buy music in download form, whether from Apple’s iTunes music store, eMusic, Napster or from newer competitors such as Amazon.”

Mark Mulligan, a music and digital media analyst at Forrester Research, said in an interview that “at a time where we’re asking if digital is a replacement for the CD, as the CD was for vinyl, we should be starting to see a hockey-stick growth in download sales. Instead, we’re seeing a curve resembling that of a niche technology.” Alex Jacob, a spokesperson for the International Federation of the Phonographic Industry, which represents the worldwide music industry, agreed that there had been a fall in digital sales of music. “The digital download market is still growing,” they said. “But the percentage is less than a few years ago, though it’s now coming from a higher base.” Figures released earlier this year, Arthur wrote, “show that while CD sales fell by 12.7%, losing $1.6bn (£1bn)in value, digital downloads only grew by 9.2%, gaining less than $400m in value.”

Expectations that CDs would, in time, become extinct, replaced by digital downloads, have not come to light, Jacob confirmed. “Across the board, in terms of growth, digital isn’t making up for the fall in CD sales, though it is in certain countries, including the UK,” he said. Anylising the situation, Arthur suggested that “as iPod sales slow, digital music sales, which have been yoked to the device, are likely to slow too. The iPod has been the key driver: the IFPI’s figures show no appreciable digital download sales until 2004, the year Apple launched its iTunes music store internationally (it launched it in the US in April 2003). Since then, international digital music sales have climbed steadily, exactly in line with the total sales of iPods and iPhones.”

Nick Farrell, a TechEYE journalist, stated that the reason for the decline in music sales could be attributed to record companies’ continued reliance on Steve Jobs, CEO of Apple, saying that they had considered him the “industry’s saviour”, and by having this mindset had forgotten “that the iPod is only for those who want their music on the run. What they should have been doing is working out how to get high quality music onto other formats, perhaps even HiFi before the iPlod fad died out.”

When Jobs negotiated a deal with record labels to ensure every track was sold for 99 cents, they considered this unimportant—the iPod was not a major source of revenue for the company. However, near the end of 2004, there was a boom in sales of the iPod, and the iTunes store suddenly began raking in more and more money. The record companies were irritated, now wanting to charge different amounts for old and new songs, and popular and less popular songs. “But there was no alternative outlet with which to threaten Apple, which gained an effective monopoly over the digital music player market, achieving a share of more than 70%” wrote Arthur. Some did attempt to challenge the iTunes store, but still none have succeeded. “Apple is now the largest single retailer of music in the US by volume, with a 25% share.”

The iTunes store now sells television shows and films, and the company has recently launced iBooks, a new e-book store. The App Store is hugely successful, with Apple earning $410m in two years soley from Apps, sales of which they get 30%. In two years, 5bn apps have been downloaded—while in seven years, 10bn songs have been purchased. Mulligan thinks that there is a reason for this—the quality of apps simply does not match up to a piece of music. “You can download a song from iTunes to your iPhone or iPad, but at the moment music in that form doesn’t play to the strengths of the device. Just playing a track isn’t enough.”

Adam Liversage, a spokesperson of the British Phonographic Industry, which represents the major UK record labels, notes that the rise of streaming services such as Spotify may be a culprit in the fall in music sales. Revenues from such companies added up to $800m in 2009. Arthur feels that “again, it doesn’t make up for the fall in CD sales, but increasingly it looks like nothing ever will; that the record business’s richest years are behind it. Yet there are still rays of hope. If Apple – and every other mobile phone maker – are moving to an app-based economy, where you pay to download games or timetables, why shouldn’t recording artists do the same?”

Well, apparently they are. British singer Peter Gabriel has released a ‘Full Moon Club’ app, which is updated every month with a new song. Arthur also notes that “the Canadian rock band Rush has an app, and the industrial rock band Nine Inch Nails, led by Trent Reznor – who has been critical of the music industry for bureaucracy and inertia – released the band’s first app in April 2009.” It is thought that such a system will be an effective method to reduce online piracy—”apps tend to be tied to a particular handset or buyer, making them more difficult to pirate than a CD”, he says—and in the music industry, piracy is a very big problem. In 2008, the International Federation of the Phonographic Industry estimated that 95% of downloads were illegitimate. If musicians can increase sales and decrease piracy, Robert says, it can only be a good thing.

“It’s early days for apps in the music business, but we are seeing labels and artists experimenting with it,” Jacob said. “You could see that apps could have a premium offering, or behind-the-scenes footage, or special offers on tickets. But I think it’s a bit premature to predict the death of the album.” Robert concluded by saying that it could be “premature to predict the death of the iPod just yet too – but it’s unlikely that even Steve Jobs will be able to produce anything that will revive it. And that means that little more than five years after the music industry thought it had found a saviour in the little device, it is having to look around again for a new stepping stone to growth – if, that is, one exists.”

Tuesday, June 9, 2009

Indonesian state-owned flag carrier Garuda Indonesia has been expanding, with the airline set to add nine new jets to its fleet and double its flights between Jakarta and Kuala Lumpur. Garuda is also considering a bid for defunct rival Linus Airways.

Garuda is expecting the imminent arrival of four new Airbus jets and five new Boeings. The Airbuses, A330-200s, are earmarked to fly international routes to Seoul and Shanghai starting in July. All four have Internet and telephone access for passengers. The Boeings, B737-800 Next Generation aircraft, are due to be in service by the 2010.

Also planned before the year’s end is the increase in flights on the Jakarta-Kuala Lumpur route from one to two per week. “We saw our current load factor[s] have reached 75 percent and even more during school breaks like June and July,” Said the company’s Vice President for Network Oversight, Risnandi. “This is very promising.”

Garuda is now reported to be considering a bid for Linus, who stopped operating on April 27 and have recently been stripped of the rights to fly their former routes as legally required for airlines that do not operate for more than thrity days. Linus still holds some documents of worth to Garuda for transfer to their subisidiary Citilink.

“I heard that Garuda intends to buy Linus who already hold an aviation business license (SIUP) and an air operators certificate (AOC) for the scheduled air services,” said Indonesian Director General of Civil aviation Herry Bakti S. Gumay to reporters for Bisnis Indonesia. He said that his office was in favour of a takeover by Garuda because foreign bids are limited to holding a maximum total of 49% of the shares in Linus.

Linus Airways’ President Directer Indra said that “we are flexible to acquisition, depending on the investor. If someone wants to buy 100% of the shares we can release our shares, but if someone wants take only a majority shareholding with us as a partner – we are also open.” Indra commented that he has had an informal meeting with Garuda CEO Emirsyah Satar but says that they never discussed acquisition by Garuda and that Linus is already in talks with another ‘strategic investor’ with a view to resuming operations.

Two airlines, Riau Airlines and Kartika Airlines, have both launched bids for the ten routes formally operated by Linus, which include four from Jakarta and three from Batam.

Garuda Indonesia’s Financial Direcotr Eddy Purwanto has anounced that US$650 million worth of loans from Bank Mandiri have been restructured. Garuda, who has apointed Rothschild’s as their international financial advisors, will now pay US$450 million by 2015.

Friday, March 10, 2006

On February 8, the same day Super Size Me opened in Prague, a Czech film company’s volunteer known as Karel Gustav Bozan began a 1 month diet of Czech pub food and beer in a Czech version called “Super Spek Me”; which translates loosely as “Super Flab Me”.

Zuzana Pudilova of Aerofilms described the volunteer at that time: “He is a well-built man between 45 and 50. He is almost 2 metres tall, he is not exactly thin but until now he has had quite a healthy lifestyle.”

Karel ate typical Czech pub food for an entire month with three rules: no vegetables or fresh fruit (unless they came with a meal) no exercise, and lots of beer.

Karel’s menu consisted entirely of typical Czech dishes. Obesity therapist, Iva Malkova, had warned at the beginning of the project: “People in the Czech Republic eat much more fat, especially animal fat than is recommended.” Pub meals in the Czech Republic often consist of such fatty items as goose with dumplings or sausages.

Yesterday the results were announced; Karel lost six kilos, his cholesterol went down and so did his liver enzymes, triglyceride and uric acid levels. His blood pressure did not change. At his interview with Radio Prague he said: “I feel good, great! The food was varied and there were even enough greens in the garnish. As for beer, I tried to alternate brands but I always settled it with Pilsner. I liked the experiment, it was all paid for by the distributor, Aerofilms. I would do it again, maybe they will propose it to me!”

Zuzana Pudilova of Aerofilms said: “The result of the experiment is surprising – both for us and the experts who monitored it. The medical report says our volunteer has lost weight and his blood sugar has dropped. So we have come to the conclusion that fatty Czech pub grub is not all that bad for you – which I guess wasn’t meant to be the result of the experiment at all.”

Thursday, November 5, 2009

Akio Toyoda, the President and Representative Director of Toyota, made a statement on Wednesday that the company is leaving the Formula One championship before the 2010 season. The primary factor behind this decision was said to be the current economic environment in the midterm perspective.

Panasonic Toyota Racing did not manage to ever win a Formula One race, winning only 13 podium and 278.5 points since 2002. Toyota will still be present in a number of racing series, including Formula Nippon, Formula Three, Super GT and NASCAR.

Another major Japanese automotive giant, Honda, quit Formula One prior to this season and sold the team to Ross Brawn. The renewed team Brawn GP with Mercedes-Benz engined cars won the 2009 Constructors’ Championship recently.

Other Japanese companies Subaru and Suzuki withdrew from the World Rally Championship prior to this season and Kawasaki pulled out of MotoGP.

The space cleared by Toyota may be now used by the BMW Sauber team’s possible successor if BMW can reach an agreement to sell the team after their decision to quit Formula One earlier this year. Toyota drivers of this season Jarno Trulli and Timo Glock, as well as the Japanese rookie driver Kamui Kobayashi, could now look for seats in other teams for 2010 including the new entries US F1, Campos, Manor or Lotus.