<div class=News briefs:June 8, 2010
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News briefs:June 8, 2010

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<div class=Anthrocon 2007 draws thousands to Pittsburgh for furry weekend
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Anthrocon 2007 draws thousands to Pittsburgh for furry weekend

Tuesday, July 17, 2007

Pittsburgh, Pennsylvania — Local caterers get ready for big business, as almost three thousand fans converge on the David L. Lawrence Convention Center over the Independence Day weekend for the world’s largest ever furry convention, Anthrocon 2007.

Many hope to renew acquaintances, or meet new friends. Others look to buy from dealers and artists, or show off new artwork or costumes. Some attend to make money, or even learn a thing or two. But one thing unites them: They’re all there to have fun.

Retrieved from “https://en.wikinews.org/w/index.php?title=Anthrocon_2007_draws_thousands_to_Pittsburgh_for_furry_weekend&oldid=4606745”
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<div class=Hotel development proposal could displace Buffalo, NY business owners
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Hotel development proposal could displace Buffalo, NY business owners

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Friday, February 17, 2006

Buffalo, New York —Savarino Construction Services Corp. has proposed a $7 million hotel project at the Forest and Elmwood Avenue intersection, according to The Buffalo News. The proposal calls for a 5-story, 45,000 square-foot 80-room hotel with underground parking for at least 50 vehicles, and 4,500 square-feet of retail space on the lower level.

Hans Mobius, the owner of the five properties to be purchased in the plan (1109 to 1121 Elmwood), reportedly signed a contract with Savarino to assemble the development.

“We saw a huge opportunity to bring something to the Elmwood Village that will make sense and bring a service that’s currently not available,” said Eva Hassett, vice president of Savarino. “Elmwood is such a wonderful place to eat, shop, walk and spend time. We believe this project will add to that vibrant environment.”

Some business owners in the area see it differently. Wikinews interviewed 2 of the 4 owners whose business’s would be demolished if the development goes through.

Nancy Pollina, of Don Apparel at 1119 Elmwood, who found out about the development only yesterday, said she is “utterly” against the proposal. Her apparel shop has stood at the same location for nearly 14 years. She has volunteered in the community, and helped create several gardens around bus shelters in the city, and served on Forever Elmwood Board for six years as head of Beautification. Patty Morris co-owns Don Apparel with Pollina.

“To say this is a good looking project, I want to say the emperor has no clothes. This [project] does not take into consideration the needs of the college students. I have been told by college students, these shops here, are the reason they leave the campus,” said Mrs. Pollina.

Buffalo State College is 500-feet from the intersection.

Michael Faust, the owner of Mondo Video said, “Well, I do not really want to get kicked out of here. The landlord was very open, and the deal he made with me when I moved in here was ‘the rent is cheap and I [the landlord] will not fix anything and that will not change.'” Faust said he first learned of the development plan, “about 48 hours ago. I found out on Tuesday when the Buffalo News called and asked for my opinion on this.” Faust has not said if he will make plans to relocate. “We have to see if this [house] is going to get knocked down first,” said Faust.

An “informational” meeting, where citizens can voice opinions and learn about the proposal, will be held on Tuesday February 21, 2006 at 5:00pm (eastern), at the Burchfield-Penney Art Center Gallery at Buffalo State College, Rockwell Hall.

Executive director of Forever Elmwood Corporation, Justin P. Azzarella would not comment on whether or not the organization supports the development, saying, “you will just have to come to the meeting.”

Forever Elmwood Corp. is designed to preserve and protect the unique and historic nature of Elmwood Avenue and its surrounding neighborhoods and encourage neighborhood commercial revitalization. The organization was founded in 1994.

Nearly two years ago, the Forever Elmwood Corp. assisted in the blocking of the demolition of the Edward Atwater house at 1089 Elmwood next to Pano’s Restaurant which is at 1081 Elmwood. Owner Pano Georgiadis wanted to expand his restaurant onto the property where the house now stands, but the Common Council denied his permit to demolish saying the house is a historical landmark and needs to be protected. Georgiadis, who has a bleeding ulcer, said that all the court cases landed him in the hospital. “I got a bleeding ulcer, and since then, I don’t care about this house anymore, or this city. I just go to work every day. I think [preservationists] are parasites,” said Georgiadis.

Georgiadis will not be attending Tuesday’s meeting saying, “I will be out of town.”

In 1995 Hans Mobius proposed a plan to develop a Walgreens, that was to be placed in the same location, but residents and business owners shot down the proposal. Walgreens eventually withdrew its request for a variance after pressure from the community.

Retrieved from “https://en.wikinews.org/w/index.php?title=Hotel_development_proposal_could_displace_Buffalo,_NY_business_owners&oldid=4461895”
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Basics Of The Skid Loader: Heavy Agricultural Machinery

Basics Of The Skid Loader: Heavy Agricultural Machinery

Submitted by: Marcela Devivo

What is a skid loader?

A skid loader is a stiff frame machine with mechanical arms that can be fitted with attachments for a wide variety of different tools, including a backhoe, hydraulic breaker, pallet forks, angle broom, sweeper, auger, mower, snow blower, stump grinder, tree spade, trencher, and a wheel saw.

Modern skid loaders come in two varieties, a four wheeled system and a rubber track version. Wheeled skid loaders are typically are four-wheel drive and for additional maneuverability, the left and right wheels systems are independent. The track version also referred to as a track loader provides for better digging and pushes performance in higher end models due to less ground disturbance and better traction in un-ideal environments like mud and sand.

History of the skid loader machine

[youtube]http://www.youtube.com/watch?v=nQ183Dq2sts[/youtube]

The first three-wheeled front-end loader was invented in 1957 by two brothers, Cyril and Louis Keller, in a small machinist shop in Rothsay Minnesota. The brothers conceived the idea to help a nearby farmer with the ignoble task of cleaning up manure for a pole barn. They wanted to help him, and out of this collaboration the first skidder was born.

This early machine was eventually purchased by Melrose Manufacturing Company and the Kellers brought on to continue development. Since then it has spread to become a highly valued piece of heavy machinery at construction and engineering site around the globe.

What are these machines used for?

Due to the wide array of attachments available for these vehicles , they have many uses, but mostly are employed for scrape material from one place to another, carry materials in a bucket and proceed to load them into a truck or trailer.

Skid loaders can also be used in tight digging situations where factors limit the practically of using a large excavator, like digging a basement under an existing house. In this situation a skid loader would make use of a ramp at the edge of the site. The loader would proceed to use the ramp to carry materials out of the hole. The skid loader would reshape the ramp by making it steeper and longer as the excavation deepened.

Differences between a front loader machine and a skid loader machine

The pivot arms on a skid loader lay behind the driver, alongside the side of the vehicle.

Major machine manufacturers

Major manufacturers for skid loaders include the Bobcat Company, Mustang, Case, New Holland, Komatsu, and Caterpillar.

About the Author:

dunkelbros.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=77642&ca=Automotive

<div class=Canada’s Don Valley West (Ward 26) city council candidates speak
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Canada’s Don Valley West (Ward 26) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 26). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Muhammad Alam, Bahar Aminvaziri, Orhan Aybars, Michele Carroll-Smith, Mohamed Dhanani, Abdul Ingar, Geoff Kettel, Debbie Lechter, Natalie Maniates, John Masterson, John Parker, David Thomas, Csaba Vegh, and Fred Williams.

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

Retrieved from “https://en.wikinews.org/w/index.php?title=Canada%27s_Don_Valley_West_(Ward_26)_city_council_candidates_speak&oldid=2584823”
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<div class=Ontario Votes 2007: Interview with Freedom Party candidate David McGruer, Ottawa-Orleans
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Ontario Votes 2007: Interview with Freedom Party candidate David McGruer, Ottawa-Orleans

Tuesday, October 2, 2007

David McGruer is running for the Freedom Party of Ontario in the Ontario provincial election, in the Ottawa-Orleans riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ontario_Votes_2007:_Interview_with_Freedom_Party_candidate_David_McGruer,_Ottawa-Orleans&oldid=530183”
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<div class=OpenSync Interview – syncing on the free desktop
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OpenSync Interview – syncing on the free desktop

Friday, May 19, 2006

This interview intends to provide some insight into OpenSync, an upcoming free unified data synchronization solution for free software desktops such as KDE, commonly used as part of the GNU/Linux operating system.

Hi Cornelius, Armin and Tobias. As you are now getting close to version 1.0 of OpenSync, which is expected to become the new synchronisation framework for KDE and other free desktops, we are quite interested in the merits it can provide for KDE users and for developers, as well as for the Open Source Community as a whole. So there’s one key-question before I move deeper into the details of OpenSync:

What does OpenSync accomplish, that no one did before?

Cornelius:

First of all it does its job of synchronizing data like addressbooks and calendars between desktop applications and mobile devices like PDAs and cell phones.
But the new thing about OpenSync is that it isn’t tied to a particular device or a specific platform. It provides an extensible and modular framework that is easy to adopt for application developers and people implementing support for syncing with mobile devices.
OpenSync is also independent of the desktop platform. It will be the common syncing backend for at least KDE and GNOME and other projects are likely to join. That means that the free desktop will have one common syncing solution. This is something really new.

How do the end-users profit from using synching solutions that interface with OpenSync as framework?

Cornelius:

First, the users will be able to actually synchronize all their data. By using one common framework there won’t be any “missing links”, where one application can sync one set of devices and another application a different one. With OpenSync all applications can sync all devices.
Second, the users will get a consistent and common user interface for syncing across all applications and devices. This will be much simpler to use than the current incoherent collection of syncing programs you need if you have more than the very basic needs.

How does OpenSync help developers with coding?

Cornelius:

It’s a very flexible and well-designed framework that makes it quite easy for developers to add support for new devices and new types of data. It’s also very easy to add support for OpenSync to applications.
The big achievement of OpenSync is that it hides all the gory details of syncing from the developers who work on applications and device support. That makes it possible for the developers to concentrate on their area of expertise without having to care what’s going on behind the scenes.
I have written quite a lot of synchronization code in the past. Trust me, it’s much better, if someone just takes care of it for you, and that’s what OpenSync does.

Tobias:

Another point to mention is the python wrapper for opensync, so you are not bound to C or C++, but can develop plugins in a high level scripting language.

Why should producers of portable devices get involved with your team?

Cornelius:

OpenSync will be the one common syncing solution for the free desktop. That means there is a single point of contact for device manufacturers who want to add support for their devices. That’s much more feasible than addressing all the different applications and solutions we had before. With OpenSync it hopefully will become interesting for manufacturers to officially support Linux for their devices.

Do you also plan to support applications of OpenSync in proprietary systems like OSX and Windows?

Cornelius:

OpenSync is designed to be cross-platform, so it is able to run on other systems like Windows. How well this works is always a question of people actually using and developing for this system. As far as I know there isn’t a real Windows community around OpenSync yet. But the technical foundation is there, so if there is somebody interested in working on a unified syncing solution on Windows, everybody is welcome to join the project.

What does your synchronisation framework do for KDE and for KitchenSync in particular?

Cornelius:

OpenSync replaces the KDE-specific synchronization frameworks we had before. Even in KDE we had several separate syncing implementations and with OpenSync we can get replace them with a common framework. We had a more generic syncing solution in KDE under development. This was quite similar from a design point of view to OpenSync, but it never got to the level of maturity we would have needed, because of lack of resources. As OpenSync fills this gap we are happy to be able to remove our old code and now concentrate on our core business.

What was your personal reason for getting involved with OpenSync?

Cornelius:

I wrote a lot of synchronization code in the past, which mainly came from the time where I was maintaining KOrganizer and working on KAddressBook. But this always was driven by necessity and not passion. I wanted to have all my calendar and contact data in one place, but my main objective was to work on the applications and user interfaces handling the data and not on the underlying code synchronizing the data.
So when the OpenSync project was created I was very interested. At GUADEC in Stuttgart I met with Armin, the maintainer of OpenSync, and we talked about integrating OpenSync with KDE. Everything seemed to fit together quite well, so at Linuxtag the same year we had another meeting with some more KDE people. In the end we agreed to go with OpenSync and a couple of weeks later we met again in Nuernberg for three days of hacking and created the KDE frontend for OpenSync. In retrospect it was a very pleasant and straightforward process to get where we are now.

Armin:

My reason to get involved (or better to start) OpenSync was my involvement with its predecessor Multisync. I am working as a system administrator for a small consulting company and so I saw some problems when trying to find a synchronization solution for Linux.
At that point I joined the Multisync project to implement some plugins that I thought would be nice to have. After some time I became the maintainer of the project. But I was unhappy with some technical aspects of the project, especially the tight coupling between the syncing logic and the GUI, its dependencies on GNOME libraries and its lack of flexibility.

Tobias:

Well, I have been a KDE PIM developer for several years now, so there was no way around getting in touch with synchronization and KitchenSync. Although I liked the idea of KitchenSync, I hated the code and the user interface […]. So when we discussed to switch to OpenSync and reimplementing the user interface, I volunteered immediately.

Can you tell us a bit about your further plans and ideas?

Cornelius:

The next thing will be the 1.0 release of OpenSync. We will release KitchenSync as frontend in parallel.

Armin:

There are of course a lot of things on my todo and my wishlist for opensync. For the near future the most important step is the 1.0 release, of course, where we still have some missing features in OpenSync as well as in the plugins.
One thing I would really like to see is a thunderbird plugin for OpenSync. I use thunderbird personally and would really like to keep my contacts up to date with my cellular, but I was not yet able to find the time to implement it.

Tobias:

One thing that would really rock in future versions of OpenSync is an automatic hardware detection mechanism, so when you plugin your Palm or switch on your bluetooth device, OpenSync will create a synchronization group automatically and ask the user to start syncing. To bring OpenSync to the level of _The Syncing Solution [tm]_ we must reduce the necessary configuration to a minimum.

What was the most dire problem you had to face when creating OpenSync and how did you face it?

Cornelius:

Fortunately the problems which I personally would consider to be dire are solved by the implementation of OpenSync which is well hidden from the outside world and [they are] an area I didn’t work on 😉

Armin:

I guess that I am the right person to answer this question then 🙂
The most complicated part of OpenSync is definitely the format conversion, which is responsible for converting the format of one device to the format that another device understands.
There are a lot of subsystems in this format conversion that make it so complex, like conversion path searching, comparing items, detection of mime types and last but not least the conversion itself. So this was a hard piece of work.

What was the greatest moment for you?

Cornelius:

I think the greatest moment was when, after three days of concentrated hacking, we had a first working version of the KDE frontend for OpenSync. This was at meeting at the SUSE offices in Nuernberg and we were able to successfully do a small presentation and demo to a group of interested SUSE people.

Armin:

I don’t remember a distinct “greatest moment”. But what is a really great feeling is to see that a project catches on, that other people get involved, use the code you have written and improve it in ways that you haven’t thought of initially.

Tobias:

Hmm, also hacking on OpenSync/KitcheSync is much fun in general, the greatest moment was when the new KitchenSync frontend synced two directories via OpenSync the first time. But it was also cool when we managed to get the IrMC plugin working again after porting it to OpenSync.

As we now know the worst problem you faced and your greatest moment, the only one missing is: What was your weirdest experience while working on OpenSync?

Cornelius:

Not directly related to OpenSync, but pretty weird was meeting a co-worker at the Amsterdam airport when returning from the last OpenSync meeting. I don’t know how high the chance is to meet somebody you know on a big random airport not related at all to the places where you or the other person live, but it was quite surprising.

Tobias:

Since my favorite language is C++, I was always confused how people can use plain C for such a project, half the time your are busy with writing code for allocating/freeing memory areas. Nevertheless Armin did a great job and he is always a help for solving strange C problems 🙂

Now I’d like to move on to some more specific questions about current and planned abilities of OpenSync. As first, I’ve got a personal one:

I have an old iPod sitting around here. Can I or will I be able to use a program utilizing OpenSync to synchronize my calendars, contacts and music to it?

Cornelius:

I’m not aware of any iPod support for OpenSync up to now, but if it doesn’t exist yet, why not write it? OpenSync makes this easy. This is a chance for everybody with the personal desire to sync one device or another to get involved.

Armin:

I dont think that there is iPod support yet for OpenSync. But it would definitely be possible to use OpenSync for this task. So if someone would like to implement an iPod plugin, I would be glad to help 🙂

Which other devices do you already support?

Cornelius:

At this time, OpenSync supports Palms, SyncML and IrMC capable devices.

Which programs already implement OpenSync and where can we check back to find new additions?

Cornelius:

On the application side there is support for Evolution [GNOME] and Kontact with KitchenSync [KDE] on the frontend side and the backend side and some more. I expect that further applications will adopt OpenSync once the 1.0 version is released.

Armin:

Besides kitchensync there already are a command line tool and a port of the multisync GUI. Aside from the GUIs, I would really like to see OpenSync being used in other applications as well. One possibility for example would to be integrate OpenSync into Evolution to give users the possibility to synchronize their devices directly from this application. News can generally be found on the OpenSync web site www.opensync.org.

It is time to give the developers something to devour, too. I’ll keep this as a short twice-fold technical dive before coming to the takeoff question, even though I’m sure there’s information for a double-volume book on technical subleties.

As first dive: How did you integrate OpenSync in KitchenSync, viewed from the coding side?

Cornelius:

OpenSync provides a C interface. We wrapped this with a small C++ library and put KitchenSync on top. Due to the object oriented nature of the OpenSync interfaces this was quite easy.
Recently I also started to write a D-Bus frontend for OpenSync. This also is a nice way to integrate OpenSync which provides a wide variety of options regarding programming languages and system configurations.

And for the second, deeper dive:

Can you give us a quick outline of those inner workings of OpenSync, from the developers view, which make OpenSync especially viable for application in several different desktop environments?

Cornelius:

That’s really a question for Armin. For those who are interested I would recommend to have a look at the OpenSync website. There is a nice white paper about the internal structure and functionality of OpenSync.

Armin:

OpenSync consists of several parts:
First there is the plugin API which defines what functions a plugin has to implement so that OpenSync can dlopen() it. There are 2 types of plugins:
A sync plugin which can synchronize a certain device or application and which provides functions for the initialization, handling the connection to a device and reading and writing items. Then there is a format plugin which defines a format and how to convert, compare and detect it.
The next part is a set of helper functions which are provided to ease to programming of synchronization plugins. These helper functions include things like handling plugin config files, HashTables which can be used to detect changes in sets of items, functions to detect when a resync of devices is necessary etc.
The syncing logic itself resides in the sync engine, which is a separate part. The sync engine is responsible for deciding when to call the connect function of a plugin, when to read or write from it. The engine also takes care of invoking the format conversion functions so that each plugin gets the items in its required format.
If you want more information and details about the inner workings of OpenSync, you should really visit the opensync.org website or ask its developers.

To add some more spice for those of our readers, whose interest you just managed to spawn (or to skyrocket), please tell us where they can get more information on the OpenSync Framework, how they can best meet and help you and how they can help improving sync-support for KDE by helping OpenSync.

Cornelius:

Again, the OpenSync web site is the right source for information. Regarding the KDE side, the kde-pim@kde.org mailing list is probably the right address. At the moment the most important help would be everything which gets the OpenSync 1.0 release done.
[And even though] I already said it, it can’t be repeated too often: OpenSync will be the one unified syncing solution for the free desktop. Cross-device, cross-platform, cross-desktop.
It’s the first time I feel well when thinking about syncing 😉.

Armin:

Regarding OpenSync, the best places to ask would be the opensync mailing lists at sourceforge or the #opensync irc channel on the freenode.net servers.
There are always a lot of things where we could need a helping hand and where we would be really glad to get some help. So everyone who is interested in OpenSync is welcome to join.

Many thanks for your time!

Cornelius:

Thanks for doing the interview. It’s always fun to talk about OpenSync, because it’s really the right thing.

Armin:

Thank you for taking your time and doing this interview. I really appreciate your help!

Tobias:

Thanks for your work. Publication and marketing is something that is really missing in the open source community. We have nice software but nobody knows 😉

Further Information on OpenSync can be found on the OpenSync Website: www.opensync.org


This Interview was done by Arne Babenhauserheide in April 2006 via e-mail and KOffice on behalf of himself, the OpenSource Community, SpreadKDE.org and the Dot (dot.kde.org).It was first published on the Dot and is licensed under the cc-attribution-sharealike-license.A pdf-version with pictures can be found at opensync-interview.pdf (OpenDocument version: opensync-interview.odt)

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

Retrieved from “https://en.wikinews.org/w/index.php?title=OpenSync_Interview_-_syncing_on_the_free_desktop&oldid=2290386”
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Recent Advances In Eye Surgery Offer Better Results Than Ever Before

Recent Advances In Eye Surgery Offer Better Results Than Ever Before

byadmin

Progress in modern medicine is an exciting thing. New advancements and discoveries in science and technology have been enabling us to develop new treatments, as well as improving current medical equipment and procedures. One aspect of medicine that has taken huge leaps forward in the last century or so is surgery. Today, surgery can be done safely and painlessly on any part of the body, even delicate areas such as the eyes and the brain. Eye surgery, especially, requires great sensitivity and precision. With the help of lasers, eye surgery now has an even higher rate of success than ever before.

How Has Eye Surgery Been Improved?

Just a few decades ago, using lasers in medicine was just a concept. Now, lasers have been proven to be the perfect solution for surgeries in which exceptional precision, accuracy, and steadiness are demanded. Lasers are especially useful for eye surgeries. Since they are so meticulous and exact, they can perform surgical procedures even at microscopic scales. During a laser eye surgery, a tiny beam of light and a high-tech imaging system are used to accomplish exactly what needs to be done to fix the eye. Laser eye surgery is a much gentler process than traditional eye surgery, and it also results in an easier recovery process.

When Is Laser Eye Surgery Used?

One of the best-known uses of laser eye surgery is in the Lasik procedure. This surgery removes a tiny, almost microscopic layer of cells, reshaping the cornea to allow light to reflect more accurately off of the retina. Lasik surgery has helped a lot of people to be able to see clearly, without the aid of glasses or contact lenses. However, laser surgery is used to correct several other eye disorders, including cataracts and glaucoma.

<div class=Indonesian parliament approves privatising of three major state firms
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Indonesian parliament approves privatising of three major state firms

Saturday, September 20, 2008

The parliament of Indonesia has approved government plans to make an Initial Public Offering (IPO) of shares in three major state-owned firms, privatising them. They are steelmaker Krakatau Steel, Bank Tabungan Negara (BTN) and national flag carrier Garuda Indonesia.

The parliament has left the process fully in the hands of the government, and has set the maximum stake to be sold at 30% for BTN and Krakatau, and 40% for Garuda. Although Indonesia has been known to fund budget deficits with privatisation, the intention is for the funds from this scheme to go to the businesses themselves to allow expansion.

Krakatau expects 3.2 trillion Rupiah (IDR) from the sale, while the estimated price for their stock is between IDR3 and IDR4 trillion (321 – 428 million USD). Both ArcelorMittal SA, the biggest steelmaker in the world, and BlueScope Steel Ltd, the largest in Australia, have expressed an interest in the IPO. Krakatau will use the funds to help finance an expansion scheme which aims to have production doubled to five million tonnes in 2011.

BTN, which focuses on home owner loans, has set itself a target income of IDR36.12 trillion (3.86 billion USD) in 2010 compared to a projected IDR22.9 trillion ( 2.45 billion USD) this year. Net profit for this year is projected at IDR472 billion (50.5 million USD)and is hoped to rise to IDR1.39 trillion (148.7 million USD) in 2010. The bank’s loan to deposit ratio is predicted to rise from 105.05% this year to 144.93% in 2012. BTN hopes to conduct its IPO before the end of 2008.

HAVE YOUR SAY
Is the Indonesian government right to keep majority holdings?
Add or view comments

Garuda is not quite 100% state-owned to start with, unlike the other two, but is very close with 95.44% of the company belonging to the government. Like all of Indonesia’s 51 airlines, Garuda is on the list of air carriers banned in the EU due to safety concerns raised after a string of air accidents in the nation. Garuda expects to raise IDR4.2 trillion (449.4 million USD) in funds from the IPO, and will use IDR2.5 trillion (267.5 million USD) to pay off its debts and invest IDR1.7 trillion (181.9 million USD) in new aircraft.

The government is still working to get a deal to make IPOs for architectural firm Yodya Karya and three plantation firms called Perkebunan Nusantara III, IV and VII.

Retrieved from “https://en.wikinews.org/w/index.php?title=Indonesian_parliament_approves_privatising_of_three_major_state_firms&oldid=1100303”
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<div class=Cargo ship Arctic Sea may be found
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Cargo ship Arctic Sea may be found

Saturday, August 15, 2009

A cargo ship spotted off the African island nation of Cape Verde could be the missing MV Arctic Sea.

The Maltese flagged MV Arctic Sea disappeared off the French coast sometime after July 29. Owned by the Russian Arctic Sea company she was operated by the Finnish Solchart Management company and had a Russian crew.

French intelligence sources have found a ship matching the Arctic Sea’s description about 400 Nautical miles north of São Vicente.

The Arctic Sea was on a scheduled route from the Finnish seaport of Pietarsaari to the Algerian seaport of Béjaïa with a cargo of timber when it was boarded in Swedish waters between the islands Öland and Gotland on the night of July 24. The alleged boarders left the ship the same day according to its crew and the ship continued her voyage although it would have been expected to anchor at the nearest port.

The last official contact with the ship was with the Maritime and Coastguard Agency in Britain on July 28. Viktor Matveyev, the director of Solchart Management says the ship radioed that it was off the coast of Portugal on July 31. The 98-meter-long ship has so far not reached the Straits of Gibraltar and is now being sought by the Portuguese Navy and Russian Navy.

If proven this could be the first case of piracy in Europe in the modern era. There is speculation as to the reason for the ship’s hijacking, as its cargo of wood, valued at 1.3 million euros, is not especially valuable. Suggestions include possible contraband, and the possibility of a commercial dispute between the crew or some other party and the ship’s owners.

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