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Thursday, August 7, 2008

The latest advertisement for United States Republican presidential candidate John McCain is questioning Democrat Barack Obama’s benefit to families.

Last week the BBC reported that the McCain campaign had released an advertisement comparing Obama to American celebrities Britney Spears and Paris Hilton, calling him “the biggest celebrity in the world.”

McCain’s newest advertisement, released early this week, continues along those same lines.

“Is the biggest celebrity in the world ready to help your family?” the narrator asks, according to The Boston Globe and a video of the ad displayed on its website. “The real Obama promises higher taxes, more government spending. So, fewer jobs.” With images of wind turbines in the background, the narrator says, “Renewable energy to transform our economy, create jobs and energy independence, that’s John McCain.”

The Boston Globe reports that McCain’s latest ad does not acknowledge that Obama’s economic policy, especially the proposed rollback of current president George W. Bush’s capital gains tax cuts, would largely affect the wealthiest of America, not the middle class.

Obama, the BBC reports, is quoted as calling McCain “cynical,” “desperate” and “in the pocket of Big Oil.”

The latest Obama video, shown on the USA Today website, touts McCain as “just more of the same” politics employed by George W. Bush. The ad cites a May 22, 2003 Fox News Channel interview where McCain says “the President and I agree on most issues. There was a recent study that showed I voted with the President over 90 percent of the time.” The ad then criticizes McCain’s policies on tax cuts, money for oil companies, and “tax breaks for companies that ship jobs overseas.”

USA Today does note that “[w]hile the ad shows McCain touting the fact that he had voted “with” President Bush more than 90% of the time, the Arizona senator did criticize the administration’s conduct of the war in Iraq — calling early on for more troops to be sent there. He also voted against the president’s original tax cut plan — though McCain now says he supports extending those tax cuts. And, he proposes cuts in all kinds of corporate taxes, not just those on oil companies.”

McCain is set to appear at an Ohio furniture plant Wednesday to reinforce the messages in his latest advertisement.

“America has the second highest business tax rate in the entire world,” he plans to say, according to prepared remarks issued by his campaign, and released by The Boston Globe. “Is it any wonder that jobs are moving overseas when we are taxing them out of the country? Unfortunately Senator Obama’s plans would raise taxes on businesses even more. He has promised tax increases on income, tax increases on investment, tax increases on small businesses. This is exactly the wrong strategy. Raising taxes in a bad economy is about the worst thing you could do because it will kill even more jobs when what we need are policies that create jobs.”

Obama spokesman Bill Burton responded:

“Is the biggest proponent of George Bush’s tired, failed policies ready to bring about change? Another day brings another dishonest attack from John McCain. While Senator McCain knows that Senator Obama has proposed cutting taxes for 95% of American families, what he’s not telling us is that he wants to give $4 billion in tax breaks to the oil companies, continue giving tax breaks to corporations that ship our job overseas, and provide no direct tax relief for more than 100 million middle-class families. It’s time to retire these old policies and bring new energy to America.”

Monday, April 18, 2005

Adobe Systems, Inc. announced today that they will acquire Macromedia, Inc. for an estimated $3.4 billion in stock. Bruce Chizen, the chief executive officer of Adobe said that “Customers are calling for integrated software solutions that enable them to create, manage and deliver a wide range of compelling content and applications — from documents and images to audio and video. By combining our powerful development, authoring and collaboration software — along with the complementary functionality of PDF and Flash — Adobe has the opportunity to bring this vision to life with an industry-defining technology platform.”

The acquisition is expected to close in the fall, subject to approval by the stockholders of both companies and regulatory approvals. Under the terms of the agreement holders of Macromedia stock will receive 0.69 shares of Adobe stock for every share of Macromedia stock. Macromedia stockholders are expected to own approximately 18 percent of the combined company.

The two companies have in the past been rivals and some of their products compete in similar niches. For example, both Adobe Photoshop and Macromedia Fireworks are graphics editing programs, and both Adobe GoLive and Macromedia Dreamweaver are webpage design applications.

In the combined company, the current CEO of Adobe, Chizen will continue as CEO. Stephen Elop, president and CEO of Macromedia, will become president of worldwide field operations. The combined company will keep the name “Adobe”, and will focus on integration and growth.

Additional details are available from Adobe Investor Relations.

Wednesday, May 23, 2018

On Monday, San Jose, California, US-based software company Adobe Systems announced their plans to acquire California-based e-commerce handling web service Magento Commerce for 1.68 billion US dollars (USD). After Adobe made the announcement via their official website, Adobe’s stocks rose by around one percent, ending Monday extended trading at USD 238.10 per share.

Magento provides services for the creation of digital ads and handling of online transactions. Magento’s services are used by Nestlé, Coca-Cola, Warner Music, and Canon. The acquisition, which is expected to take place in the third fiscal quarter of this year, is to be an all-cash deal. Adobe is to acquire Magento from Permira equity firm. In 2015, Permira bought Magento from eBay, an eCommerce website. Adobe, in their official statement, said, “Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud”.

Adobe also announced a buyback of shares worth USD eight billion by 2021. Magento’s CEO Mark Lavelle said, “Adobe and Magento share a vision for the future of digital experiences that brings together Adobe’s strength in content and data with Magento’s open commerce innovation […] We’re excited to join Adobe and believe this will be a great opportunity for our customers, partners and developer community”.

After the announcement, stocks of Magento’s competitors Shopify, Inc dropped by about 4.8%. They finished extended trading at USD 137.60 after the announcement.

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Friday, June 17, 2005

Drivers on Britain’s M3 motorway were stunned to be confronted with a shower of cash on Tuesday evening.

Eleven thousand pounds‘ worth of £20 notes were blown from the rucksack of a passenger on a motorcycle at 7:30pm, while the motorway was busy with traffic.

Just £500 was recovered; the rest is believed to have been blown away in the windy evening. At least four other drivers quickly stopped, causing Hampshire police concern for safety.

The police are now investigating as to why the pair were carrying so much money. Carrying large amounts of money is not illegal, but is highly unusual. The riders said they had been to a car auction, returning empty-handed.

The motorcyclists re-started their journey, but the cycle broke down just two junctions on.

Wednesday, May 16, 2007

The Thomson Corporation and Reuters Group PLC announced Tuesday that they have agreed to combine the two companies. The boards of both Thomson and Reuters will recommend the merger to their shareholders.

The Canadian Thomson-family holding company Woodbridge, which controls 70% of Thomson, has agreed to vote in favour of the deal and the Reuters Founders Share Company, which controls a special share in Reuters, will also support the merger.

Based on the TSX CA$46.36 closing share price of Thomson on May 14, 2007, each Reuters share would be valued at 691 pence and, therefore, the full capital of Reuters valued at approximately £8.7 billion. Cash requirements for the deal are to be provided by Thomson. Woodbridge will own approximately 53 percent of the combined company, other Thomson shareholders 23 percent and Reuters shareholders about 24 percent.

The merger arrangement will leave two separate companies that will be operated as a single entity. The boards of the two companies will be identical as will the senior executive management team. Thomson will be renamed to Thomson-Reuters Corporation, and will be listed on both the TSX and the NYSE. Thomson-Reuters PLC will list on the London Stock Exchange and the NYSE.

Reuters current CEO, Tom Glocer, will become CEO of the combined company while Thomson President and CEO Richard J. Harrington will retire at the completion of the merger.

Thomson has currently 32,000 employees worldwide, with operations in 37 countries and revenues of US$6.6 billion in 2006. Thomson’s major business operations centre around financial information and legal services, with smaller ventures in tax accounting, health care, and the scientific field. Thomson is headquartered in Stamford, Connecticut, in the United States.

Reuters is one of the world’s largest news agencies, with a total of 16,800 staff in all divisions, but derives more than 90 percent of its revenue from its financial service business. It is the merger of Thomson and Reuter’s financial services divisions that may have been the genesis of the talks. It has been suggested that both companies wanted a better economy of scale to compete with Bloomberg, the American financial services giant.

“We are enormously proud of the evolution of The Thomson Corporation and the value it has created for all our shareholders,” said David Thomson, Chairman of Thomson. “We recognize the rich history of Reuters and are committed to uphold the Reuters Trust Principles.”

The chairman of Reuters, Niall FitzGerald, expressed his satisfaction with the merger. “The shared expertise and complementary strengths of these two companies makes for a strategically compelling and financially attractive combination,” said FitzGerald in a joint press release. “I am especially proud that Reuters journalism will continue to be governed by the powerful Reuter Trust Principles of independence, integrity and freedom from bias.”

The new company is projecting efficiencies of greater than US$500 million per year, by the end of the third year after closing the deal.

Criticisms were raised by Reuters journalists, who voiced concerns in an open letter to the Reuters Founders Share Company. They worried whether or not “a reconstituted Reuters would maintain the high standards of journalism and the integrity, independence and freedom from bias that have shaped the company’s 156-year-old reputation.”

It is expected that the merger will draw the attention of regulators due to the size and nature of the transaction. “Antitrust authorities in Europe and the U.S. are almost certain to apply a more detailed and lengthy review of the acquisition than is typical, because of the limited number of companies that supply prices, data, news and financial tools,” said Simon Baker, analyst, Credit Suisse in London.

Thursday, June 2, 2005

The month-long 2005 Review Conference on the Nuclear Non-Proliferation Treaty (NPT) was concluded in May this year.

It was generally considered disappointing. The Chilean representative, Mr Labbe, stated that the outcome could only be described as a failure.

The point of view of some state representatives was that the meeting failed because of possible violations of the first pillar of the treaty (non-proliferation), both because of grave challenges to security and to the non-proliferation regime posed by Iran’s and the Democratic People’s Republic of Korea’s non-compliance with their non-proliferation and safeguards obligations, and the de facto proliferation of nuclear weapons to non-weapons states under nuclear sharing, in which Belgium, Germany, Italy, the Netherlands, and Turkey host nuclear weapons and may, in principle, participate in decisions on using those weapons and participate in the delivery of the weapons to their targets.

However, the Iranian representative, Javad Zarif, countered by stating that the three pillars of the Treaty (non-proliferation, disarmament and the peaceful use of nuclear technology) were intertwined and needed to be followed without diminishing the significance and effectiveness of any one pillar against the others, in reference to the failure of the nuclear weapons states to progress in disarmament. Article VI of the NPT states that

Each of the Parties to the Treaty undertakes to pursue negotiations in good faith on effective measures relating to cessation of the nuclear arms race at an early date and to nuclear disarmament, and on a treaty on general and complete disarmament under strict and effective international control.

He claimed that the United States had adopted a Nuclear Posture Review, incorporating the breach of the obligations on irreversibility, diminished role of nuclear weapons and lowering the operational status of nuclear weapons by stressing the essential role of nuclear weapons as an effective tool for achieving security ends and foreign policy objectives; developing new nuclear weapon systems, and constructing new facilities for producing nuclear weapons; resuming efforts to develop and deploy tactical nuclear weapons, despite the commitment to reverse the process and reduce them; and targeting non-nuclear weapon States parties to the Treaty and planning to attack those States.

The Malaysian representative, Rastam Mohd Isa, summarised the point of view of the states in the Non-Aligned Movement (NAM), claiming that they had maintained that the three pillars, nuclear disarmament, non-proliferation and the peaceful use of nuclear technology should be approached in a balanced manner and that the Treaty should be fully and non-selectively implemented. He also asserted the indispensable need to preserve the decisions and resolutions of the 1995 Review and Extension Conference and the Final Document of the 2000 Review Conference, which were positions, on which the NAM had consistently insisted on since the NPT’s entry into force in 1970.

The Ukrainian representative, Anatoliy Scherba, judged that the case for non-proliferation rested on the primary objective of the NPT to eliminate all nuclear weapons and, hence, the central importance of article VI and felt that it required from those who did not possess, not to acquire, and for those who possessed, to eliminate.

Tuesday, February 9, 2016

On Sunday, the Denver Broncos defeated the Carolina Panthers in Super Bowl 50 by a score of 24–10. The game, played at Levi’s Stadium in Santa Clara, California in front of 71,088 spectators, marked the Broncos’ third Super Bowl victory and their first since 1999. Entering the game, the Panthers had lost only once in the 2015 NFL season, while the Broncos won 12 of their 16 games.

The Panthers kicked off to start the game, and the Broncos scored first with Brandon McManus’ 34-yard field goal. After both teams exchanged punts, the Broncos scored again when linebacker Von Miller stripped the ball from Cam Newton, forcing him to fumble, and the ball was recovered by Malik Jackson in the endzone to result in a Denver touchdown. In the second quarter, the Panthers scored a touchdown when running back Jonathan Stewart jumped over the goal line. The two teams punted again on their next drives. The second turnover of the game occurred when Bronco Darian Stewart forced Mike Tolbert to fumble, with Danny Trevathan recovering; however, the Broncos failed to capitalize when Peyton Manning was intercepted by Kony Ealy. The half ended with the Broncos leading 13–7. In the second half, the Panthers had a chance to narrow the margin to three points, but kicker Graham Gano’s 44-yard field goal attempt hit the goal post’s right upright. Afterwards, Denver increased the score with McManus kicking a 30-yard field goal. On the next series, Newton led the Panthers’ offense to the Broncos’ 28-yard line, but was intercepted by T. J. Ward. Denver and Carolina both subsequently punted. Afterwards, Manning was sacked by Ealy and fumbled; Carolina took advantage with Gano’s 39-yard kick to make the score 16–10. Unfortunately for the Panthers, Miller forced Newton to fumble at the Panthers’ four-yard line and Ward recovered. With 3:08 left in the game, Denver’s C. J. Anderson sealed the game with a two-yard touchdown run, followed by Manning’s two-point conversion to Bennie Fowler.

Miller ended the game with six tackles, 2.5 sacks and two forced fumbles and was awarded the Super Bowl Most Valuable Player Award. Manning, who is the oldest quarterback to start a Super Bowl at the age of 39 and is rumored to have played his final game in the National Football League, completed 13 of 23 passes for 141 yards with an interception and a lost fumble. The Broncos recorded only 194 yards, the fewest by a Super Bowl winner.

The game’s festivities featured Lady Gaga performing the national anthem. After the second quarter, Coldplay performed the Super Bowl 50 halftime show with former Super Bowl performers Bruno Mars and Beyoncé. Coldplay opened the show with “Viva la Vida” and “Paradise”, followed by a performance of “Uptown Funk” with Mars. Afterwards, Beyoncé performed her new song “Formation” and joined Coldplay and Mars on stage to end the show.

Wednesday, December 27, 2006

At least 68 different pieces of luggage has been found behind a pet store inside a garbage dumpster in Houston, Texas. The luggage came from several different international flights and authorities do not know how they got there or if the contents of the luggage have been stolen.

“We’re going to be investigating and the authorities are going to be investigating,” said spokeswoman for Continental Airlines, Mary Clark. All luggage was handed over to Continental Airlines.

The luggage is reported to have been sifted through, and most pieces have come from all over the world. The luggage is reported to have come from Bush Intercontinental Airport. Some pieces of the luggage have name tags and Clark states that “we’re trying to reach whoever we need to let them know the bags are there.”

Officers with the Houston Police Department are in charge of the investigation. The luggage was found by individuals who own the pet store.

The FBI has stated that the bags do not pose any danger.