By JANE PERLEZ and SHARON OTTERMAN
Published: March 5, 2009
ISLAMABAD, Pakistan — The governor of Punjab said Thursday that Pakistani police had made a number of arrests in the commando-style attack on the Sri Lanka cricket team in the city of Lahore, but he offered no details, saying that a full report would be presented on Friday. The governor, Salmaan Taseer, also said investigators had found a large amount of weapons and that the attackers were fully trained. It was unclear from his remarks whether any of the gunmen were among those arrested.
MY THOUGHTS:
This is sad. These athletes are totally innocent and now due to these unfortunate series of events Pakistan will probably be banned from hosting international games...Not fair!
Thursday, March 5, 2009
Mediator: All but 3 Sept. 11 lawsuits settled
NEW YORK – A mediator says all but three of nearly 100 lawsuits brought on behalf of those killed or injured in the Sept. 11, 2001, attacks have been settled for half a billion dollars.
The mediator, Sheila Birnbaum, reported the results of her work to a judge who has presided over the 95 lawsuits brought against airlines and aviation-related companies.
She said the settlement amounts are confidential but the total amount is about $500 million.
The lawsuits were brought by those who chose not to participate in a special fund Congress established that distributed more than $7 billion to more than 5,000 survivors.
Trial dates for the remaining three cases have not been set.
MY THOUGHTS:
3 LEFT OUT OF 100 AINT BAD. THIS WOULD HAVE BEEN BIG NEWS EXCEPT THAT THE LAST THING AMERICANS WANT TO HEAR IS MORE MONEY LOST. STILL THHREE MORE SETTLEMENTS LEFT AND THEY'RE PROBABLY GOING TO BE BIG ONES.
Wednesday, March 4, 2009
Ford to cut $10B in debt with cash, equity offer
DEARBORN, Mich. – Ford Motor Co. says it will eliminate up to $10.4 billion of its debt by offering debtholders cash and stock instead, as the automaker continues to restructure amid a severe automotive sales downturn.
The Dearborn, Mich., automaker and its financial arm are putting up $2.2 billion in cash and about 500 million shares of stock to entice holders of bonds and secured-term debt.
The company said Wednesday it is restructuring the debt to reduce its costs and remain competitive, and it still does not intend to seek government loans.
General Motors Corp. and Chrysler LLC also are trying to swap debt for equity as a requirement of the $17.4 billion in government loans they have received.
My Thoughts: I wish i was loaded right now everything is so cheap. Cars are getting cheaper and airfare is affordable. They need to throw us students a bone and lower tuition, no offense to the profs. here they are actually good ones!
Friday, February 20, 2009
Obama nixes plan to tax motorists on mileage
A tentative plan in Massachusetts to use GPS chips in vehicles to charge motorists by the mile has drawn complaints from drivers who say it's an Orwellian intrusion by government into the lives of citizens. Other motorists say it eliminates an incentive to drive more fuel-efficient cars since gas guzzlers will be taxed at the same rate as fuel sippers.
MY THOUGHTS:
I think its an okay idea especially for those who aren't ready to "go green" yet due to finacial issues. Like the caption states most of us are driving vehicles that are horrible on gas and it would be a plus to be charged the same amount as a green vehicle.
MY THOUGHTS:
I think its an okay idea especially for those who aren't ready to "go green" yet due to finacial issues. Like the caption states most of us are driving vehicles that are horrible on gas and it would be a plus to be charged the same amount as a green vehicle.
Thursday, February 19, 2009
I JUST LEARNED TODAY THAT I MUST BE POSTING TOPICS ON MY BLOG RELATED TO ENERGY. I WILL DO JUST THAT AND BEGIN WITH ONE EXAMPLE.
Brazil has ethanol fuel available throughout the country. Shown here a typical Petrobras gas station at São Paulo with dual fuel service, marked A for alcohol (ethanol) and G for gasoline.