Dubai World refused permission to use QE2 as floating hotel in Cape Town

Tuesday, January 26, 2010

RMS Queen Elizabeth 2 (the QE2) will not be sailing to Cape Town, South Africa. Cape Town has refused the vessel permission to berth for use by owner Dubai World as a floating hotel.

The Transnet National Ports Authority said that the famed vessel is much too large for Cape Town and that the facilites for the ship do not exist. Dubai World had hoped the ocean liner could serve as a hotel to accommodate football fans attending the World Cup and had previously told the Associated Press that Cape Town was among several possible destinations. No others have been named.

Transnet National Ports Authority port manager Sanjay Govan commented that “It’s the length of stay that was an issue … They wanted to stay much longer than just the World Cup. You have to sacrifice a normal cargo-working berth for such an operation. You wouldn’t do that for such a long time.” Dubai World has confirmed the trip to South Africa is off. South Africa’s Protea Hotels were thought to have won a contract to perform the management of the hotel during its stay in Cape Town. Dubai World also considered private terminals but met the same issue.

Dubai World’s investment arm Istithmar World paid Cunard US$100 million for the British liner in 2007. Since then it has been moored off Dubai’s Port Rashid, having arrived in the emirate in 2008. Original plans were to create a luxury floating hotel for tourists that would be moored beside an artificial island in the shape of a palm tree, but this idea was cancelled in the wake of global market uncertainty.

State-owned conglomerate Dubai World is currently in severe financial difficulties. The firm is seeking an extra six months to pay at least US$22 million in debts and the government has supported a six month delay as the first step towards a restructuring plan. Dubai World’s main units Nakheel and Limitless are the most indebted companies. World markets and media reacted sharply to the revelations on November 25 last year.

Dubai World is rumoured to need to sell assets, including the Queen Elizabeth 2. The company has refused to confirm or deny this, only stating that “There are a number of options being considered for the QE2. Istithmar World is considering which option will best maximise value of the vessel.”

The same year as the Queen Elizabeth 2 the conglomerate also obtained Barneys New York, a luxury retailer based in the United States. Istithmar World paid US$942.3 million for the company. Istithmar World chief executive David Jackson resigned last week; he presided over the acquirements. In December a New York foreclosure auction sold off the W Hotel Union Square for US$2 million, which was owned by Istithmar World.

Monday, December 19, 2005File:Santarchy new zealand.jpg

The conduct by a group of ‘Santas’ making an unclear statement last Saturday is not appreciated in the business district of Auckland, New Zealand. The event, organized in the discussion forum of an online skateboard magazine, caused big media publicity.

Alex Dyer, spokesman for the group, stated that Santarchy in Auckland is part of a worldwide phenomenon. It is disputed if Santarchy is a protest against the commercialization of Christmas or not.

Auckland Central Police spokesperson Noreen Hegarty said to the press that the rampage began in the early part of the afternoon when men wearing ill-fitting Santa costumes threw beer bottles and urinated on cars from an overpass, then rushed through a central city park, overturning garbage bins, throwing bottles at passing cars and spraying graffiti on office buildings.

“They came in, said ‘Merry Christmas’ and then helped themselves,” said a convenience store staff member Changa Manakynda, according to local newspapers.

One writer using the pseudonym ‘Le_SigNagE’ on the Santarchy! (or also known as the Santacon) website commented, “… after all, this is what Christmas is really about… mindless vandalism and petty theft.”

Another writer who posted under the pseudonym Santy Claus said of the media coverage,”There was some major misreporting and Chinese whispers. Breaking bottles and urinating under a bridge, became throwing rocks at buses and urinating on cars from an overpass. The ‘organisers’ as they were, saw little in the way of crime other than one santa attempting to board a foreign vessel by scaling 20 metres along a rope 60 feet in the air. The difficulty and motor skills involved in this task alone should be a defense in itself of being ‘drunk’ and ‘disorderly’.”

Due to Santa’s reputation for integrity and his strict media policy, his sparse communication is mostly one-way: receiving lists from children with wishes for Christmas. It is difficult to get his comment about New Zealands skateboard interested ‘Santas’.

In 1994, the Cacophony Society staged the world’s very first SantaCon in San Francisco. Influenced by the surrealist movement Discordianism, and other subversive art currents.

The European Union has announced that a French goat has become the first animal other than a cow to ever have tested positive for bovine spongiform encephalopathy (BSE). The results were announced after over two years testing of the goat’s remains. Scientists originally thought that the goat was suffering from scrapie, another degenerative disease that can be found in goats and sheep.

This discovery proves correct the theory that BSE, or mad cow disease as it is commonly know, can exist in ruminants other than cattle.

The EU has stated that eating goat products is still safe due to precautionary measures which have been put in place. “I want to reassure consumers that existing safety measures in the EU offer a very high level of protection.” The EU Commissioner responsible for Health and Consumer Protection, Markos Kyprianou said regarding the findings.

“This case was discovered thanks to the EU testing system in place in France.”

“The testing programme has shown us that there is a very low incidence rate of TSEs (transmissible spongiform encephalopathies) in goats and allowed us to detect suspect animals so that they can be taken out of the food chain, as was done with this goat and its entire herd.”

The EU intends to test 200,000 goats in the 25 member states over the next six months.

Monday, April 11, 2005Moviegoers who pushed it to No. 1 with a reported $18.1 million take for the weekend ending April 10 at the U.S. and Canadian box office welcomed the premiere of the movie Sahara, starring Matthew McConaughey and Penélope Cruz. Still, the total was $10 million less than Sin City, the top film of the previous week, made in its debut.

Sahara is described as an adventure movie with plenty of fun. McConaughey plays a tanned and fit traveler searching for a long lost U.S. Civil War battleship, filled with gold coins, and finds love in the process.

Sin City, starring Bruce Willis and Jessica Alba, dropped to second place but was still doing well with a $14.1 million dollar sophomore weekend. Filling out the top shows: Miss Congeniality 2: Armed and Fabulous, which falls from #5 to #7 with more than $4.1 million “The Pacifier,” which drops from #6 to #8 with more than $3 million; The Ring Two, from #7 to #9 with $2.9 million; and “The Upside of Anger,” from #8 to #10 with $2.6 million.

Ticket sales at all box offices showed a decline from last year for the same weekend.

Monday, September 29, 2014

Today Ashraf Ghani, a former Afghan finance minister and World Bank official, was sworn in as President of Afghanistan following a months-long dispute over election results.

The transfer of power from former President Hamid Karzai marks the first democratic leadership transition in Afghanistan’s history, and follows a power sharing agreement with Ghani’s fellow Presidential candidate, Abdullah Abdullah. Both men had previously claimed victory in the election last June, with the United Nations overseeing a recount of the ballot.

As part of the agreement between the two sides, Ghani’s first presidential act was to create the position of chief executive, filled by Abdullah, with Prime Minster-like powers.

The new Government already faces many challenges, made worse by the months of political uncertainty.

Afghanistan has already requested $537 million from international donors to help pay the country’s bills to year’s end, with an official of the Finance Ministry admitting October civil service salary payments have had to be delayed.

The government also have to deal with the security threat posed by the Taliban and Hezb-i-Islami, two loosely allied Islamist factions. Most international troops, present in the country since 2001, are expected to leave by year’s end, with Karzai previously unwilling to sign security agreements allowing others to stay. The government is to sign one such agreement with representatives from the United States embassy tomorrow, US officials said.

Tuesday, October 8, 2013

Unlike some parts of the US Federal Government, the Consumer Financial Protection Bureau (CFPB) has been open during the federal government shutdown and recording a record-low number of complaints submitted by consumers against mortgage companies, credit card companies, student loan providers, banks, money transfer providers, companies who provide credit reports, and other companies providing consumer loans.

With data not available for yesterday, the first four days of the shutdown had daily totals of 37, 16, 13, and 3 complaints. With the exceptions of September 29 with 15 complaints and September 28 with 23, it is the lowest daily total since March 16 of this year when 36 total complaints were recorded and February 23 of this year with 14. The total complaints are also down from the same dates last year, when the total complaints per day for the first four days of October 2012 were 272, 298, 288, and 225.

Of the 69 filed complaints recorded so far this month, 27 were complaints about mortgage companies, 21 were about bank accounts and 10 were about credit card companies. 40% of credit card companies complaints, 42.9% of bank account complaints and 48.1% of mortgage complaints are currently listed as still in progress. Most of the rest have been closed with an explanation.

Bank of America leads all companies in terms of total complaints filed this month with 9. Bayview Loan Servicing, LLC andJPMorgan Chase have 7 complaints each. Ally Bank, Sovereign Bank, and Wells Fargo have 4 each. Flagstar Bankand Equifax have 3 each. Citibank, Nationstar Mortgage, TD Bank, Amex, and FirstMerit Bank have 2 complaints each. 18 financial services companies have 1 complaint each filed against them.

During the government shutdown, some CFPB staff have voiced their opinions on Twitter. Dan Munz, deputy assistant director for consumer engagement at the CFPB, tweeted, “Boy, shutdown week has really created a sudden bumper crop of amateur federal management experts.”; “Also, seems like Boehner is singlehandedly undoing whatever progress he’d made in portraying this as a Dem [Democratic Party] shutdown.”; and “Basically, there’s now a strong incentive to fill legislation with minor symbolic things you can bargain away later to protect the core.”

The agency has been able to stay open during the government shutdown because it is funded by the Federal Reserve. According to Amanda Terkel at the Huffington Post, Republican members of the United States House of Representatives have put closing the CFPB on their wish list of items in negotiating for a new debt ceiling limit. Party members have previously stalled the appointment of Richard Cordray as the CFPB boss as a way of hindering it from engaging in oversight of financial organizations in the the US.

Saturday, January 28, 2006

The United States Food and Drug Administration (FDA) approved the use of an inhalable form of insulin for treating both forms of diabetes in adults. The product, manufactured by Pfizer Inc. is called Exubera and is a inhaled powder form of recombinant short-acting human insulin (rDNA).

Insulin is a hormone produced by the pancreas that, when released into the blood, controls the upper limits of glucose presence in the bloodstream. Diabetics cannot produce (enough) insulin on their own, and have to control their blood sugars by appropriate diet, exercise and medication. Untreated Diabetes can have a serious adverse effect on health, it can lead to higher risk of cardiovascular disease, kidney failure, retinal damage and diabetic shock, which can be fatal. Insulin has been used for the treatment of diabetes for many years now, but some patients find it difficult (and costly) to use as it has to be injected into the body, usually several times a day. Currently, about five million Americans take insulin injections. Also, the use of any form of insulin can cause blood sugar to drop below safe levels, a condition called hypoglycemia. As a result, the use of insulin must be accompanied by a careful and regular monitoring of blood sugar levels.

The FDA has issued guidelines that the inhalable form should not be used by smokers, patients with asthma, bronchitis, or emphysema as tests have shown that its use can reduce the breathing capacity of the lungs. Other side effects associated with Exubera therapy seen in clinical trials included cough, shortness of breath, sore throat, and dry mouth. The FDA has given its approval on the basis of safety studies of short-term use and studies of its effects over long-term use are underway.

Pfizer has said the product wouldn’t be widely available until June or July and that exact prices haven’t been set. A Pfizer spokesperson has said that the price will be “competitive” to injected insulin.

Friday, December 21, 2007

A judge has issued a ruling in the 1998 bombing in the Northern Ireland town of Omagh. Defendant Sean Hoey, who faced 56 charges relating to a car bomb that killed 29 people and injured more than 200, has been found not guilty.

A stunned silence in the public gallery of Belfast Crown Court greeted the verdict in the worst bombing during three decades of so-called troubles in Northern Ireland. Electrician Sean Hoey, 38, was accused of being the principle bomb-maker in a group of conspirators. Only one other person was charged in the case and he is awaiting retrial after having his conviction overturned.

Hoey was said to have been among those who broke away from the Irish Republican Army months after the Good Friday Peace Agreement was negotiated.

In summing up, Judge Reginald Weir said he was critical of forensic evidence presented by the prosecution that relied heavily on a new kind of DNA testing. He also criticized the police for how they handled and stored the evidence, with possible cross-contamination. The judge also singled out two police officers who he said had exaggerated in order to gain a conviction.

For families of the victims, it was a disappointment after waiting nearly a decade for justice. Lawrence Rush lost his wife in the blast. He was in the courthouse when the decision was announced.

“It is devastating,” he said. “It is a disaster the way that this investigation was held, and I can say no more about it. All I know is that I am tired, you know, and I am exhausted. It has been a long corridor, 10 years of pain and hope.

“The legal system is here to protect human rights,” said Victor Barker, who lost his son in the attack. “It is here to protect Sean Hoey’s human rights. I am a lawyer, I believe in the system. Sometimes I find it hard to live with, but I must stand by it because that is the system of justice which ordinary decent people in this country live by. It is only a great shame that my son and the 29 people that died in Omagh had no human right at all.”

Families of those killed are now calling for a full public inquiry into the bombing. It is also possible that a civil case may be pursued next year.

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Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.