Wednesday, August 11, 2010

Sri Lankan protesters opposite Akon throw stones

March 23, 2010, 6:05 AM EST

COLOMBO, Sri Lanka (AP) -- Protesters indignant at an arriving unison by R&B thespian Akon hurled stones at a Sri Lankan privateer"s domicile Monday, injuring 4 workers and deleterious the building.

The conflict followed accusations that Akon foul an picture of the Buddha in a song video, upsetting most in Sri Lanka"s regressive Buddhist majority.

Police orator Prishantha Jayakody pronounced multiform protesters were taken in to control after aggressive the domicile of the Maharaja Organization, theer sponsoring subsequent month"s unison in Colombo.

About 200 people unexpected collected outward the bureau in the capital, Colombo, and threw stones at the building, pronounced Chevan Daniel, head of headlines at Maharaja.

The stones cracked a little of the office"s windows, shop-worn multiform vehicles parked outward the construction and left 4 workers with teenager injuries, he said. Placards left at the stage read, "Stop Akon"s show."

The protesters appeared to be indignant over Akon"s video "Sexy Chick," that facilities hardly clad women dancing at a pool celebration with a Buddha statue perceivable in the background.

Maharaja has 3 air wave and 4 air wave stations.

Last year, a organisation of armed men pounded the college of music and delivery compound, tossing palm grenades and spraying the construction with gunfire. That conflict came days after the supervision indicted the media organisation of not being nationalistic sufficient in the coverage of the military"s descent over racial Tamil insurgents.

The military betrothed a full review of that incident, but no one was ever arrested or prosecuted.

,,,

Sunday, August 8, 2010

Stars stone out for Tibet at Carnegie Hall

Feb. 27, 2010, 12:12 PM EST

NEW YORK (AP) -- Patti Smith, Iggy Pop, Regina Spektor and many others contributed to a potent sonic cocktail that rocked Carnegie Hall at the 20th Annual Benefit Concert for Tibet House US, a non-profit organization charged with preserving Tibetan culture.

An avid fan of Tibetan art since his teen years, Pop says the world cannot afford to lose it.

"(Tibetans have) been getting kind of a bum deal for like 50, 60 years now ... sort of losing their spot on Earth," said Pop.

Tibet is ruled by China. China insists Tibet has been part of its territory for four centuries and has governed the Himalayan region with an iron first since communist troops took control there in 1951. But many Tibetans say they were effectively independent for most of their history and say Chinese rule and economic exploitation are eroding their traditional Buddhist culture. They have been fighting for greater autonomy for years.

Spektor, who was born in the former Soviet Union and later immigrated to the Bronx, said her familiarity with hardship makes her sensitive to the Tibetan people.

"I"m all about protecting people"s heritage," she said. "Any place that is kind of in danger of losing their culture or being oppressed and not being able to practice their religion just feels to me very close.

Traditional chants by monks from the Drepung Gomang Monastery opened the concert. A highlight was a performance by 15-year-old Tenzin Kunsel, a Tibetan refugee who moved to the United States in 2003. She performed a Tibetan aria, backed by the Patti Smith Band.

"It feels like I"m fitting right in," Kunsel said. "It"s such an honor that I got a chance to perform with such amazing people."

Gogol Bordello, Pierce Turner and Jesse Smith — daughter of Patti— were also among the acts on the Carnegie stage. The lineup was curated by the event"s artistic director, noted composer Philip Glass. He also performed.

The Patti Smith Band helped close out the night with the punk classic "Gloria." At the end of her set, she introduced a soon-to-be-shirtless Pop, who dived right into his 1970s hit, "Passenger."

The concert closed with a group performance of Smith"s "People Have the Power," — an apropos tune for a benefit — and the audience rose to their feet in an explosion of applause.

———

On the Net:

http://www.tibethouse.us/

,,,

REUTER MONEYGRAPH-IMF SDR RATES-Mar twelve US 1.53728

Fri Mar 12, 2010 4:39pm EST

MAR 12 MAR 11 MAR 12 MAR 11U.S. 1.53728 1.53043 IRANIAN N/A 15249.20EURO 1.11680 1.12062 KUWAIT 0.44351 0.44153U.K. 1.01397 1.01805 NORWEGIAN 8.97127 8.97779AUSTRALIA 1.67844 1.67388 S. AFRICAN N/A 11.3711JAPANESE 139.324 138.428 SWEDISH 10.8840 10.9311CANADIAN 1.56603 1.57099 SWISS 1.62937 1.63772DANISH 8.31041 8.33841 SAUDI 5.76482 5.73911 CLICK ON USLD16 FOR FULL LIST OF SDR RATES UPDATED DAILY

Currencies

Currencies

Thursday, August 5, 2010

AB InBev sees diseased begin to 2010 after churned Q4

Philip Blenkinsop BRUSSELS Thu Mar 4, 2010 7:51am EST Related News AB InBev completes takeover loan refinancingFri, Feb 26 2010UDPATE 1-AB InBev completes takeover loan refinancingFri, Feb 26 2010WRAPUP 2-Heineken, Carlsberg plan more savings in 2010Tue, Feb 23 2010Heineken sees difficult 2010 after in-line 2009Tue, Feb 23 2010UPDATE 2-Heineken sees difficult 2010 after in-line 2009Tue, Feb 23 2010

BRUSSELS (Reuters) - Anheuser-Busch InBev, the world"s largest brewer, said it faced a challenging start to 2010 with U.S. consumers drinking less after it unveiled mixed fourth-quarter earnings buoyed by a sharp rise in Brazil sales.

The maker of Budweiser, Stella Artois and Becks said on Thursday it expected to sell slightly more beer this year than last, but profit growth would be only a single-digit percentage in the first quarter before increasing through 2010.

In the first three months in particular it would face tough comparisons with a strong U.S. performance last year, exacerbated by bad weather early in 2010, and lower Russian sales because of fourth-quarter stocking ahead of a tax hike.

Sales, marketing and administrative expenses would be higher year-on-year in the first half.

"We see no improvement in the operating environment today," Chief Financial Officer Felipe Dutra told a conference call, adding that the company was stronger now that the "distraction" of its post-merger divestment program was behind it.

"For the full year we expect beer volumes to be in positive territory," he said.

AB InBev shares slid as much as 4.2 percent to 36.25 euros in early trading, but by 1238 GMT were down 1.6 percent.

They are barely changed in the year to date compared with a 4 percent rise in the Eurostoxx food and beverage index, which was virtually flat on Thursday.

Analysts said the weakness was due to lower-than-expected fourth-quarter core profit (EBITDA) and a muted outlook, with debt reduction and savings already priced into shares trading at a premium to rivals Heineken and SABMiller.

"I think they are being appropriately cautious with their outlook," said Trevor Stirling, analyst at Bernstein Research.

STRONG BRAZIL, U.S. SLIPPAGE

The company said it sold some 2 percent less beer in the fourth quarter in the United States, where it has about half of the market, but achieved higher prices and cut costs.

Strong sales in key market Brazil, where AB InBev pushed its market share to 70 percent, and the strength of that country"s real currency were behind a 5.1 percent hike in group sales, more than the market had expected.

The company"s much-watched EBITDA core profit rose an underlying 11.5 percent to $3.11 billion in the fourth quarter, against the $3.27 billion average forecast in a Reuters poll of 15 analysts.

AB InBev said it achieved $235 million of savings in the fourth quarter from the 2008 merger of Belgium"s InBev and U.S. Anheuser-Busch, bringing the full-year total to $1.11 billion.

The company had a 2009 savings target of $1.0 billion and $2.25 billion by 2011. It kept this forecast, although some analysts had expected the brewer to set its sights higher.

Recession-hit consumers in mature, developed-world markets bought less beer last year but stomached higher prices. Brewers with greater emerging-market exposure registered gains and all focused on squeezing out savings.

AB InBev, with a 50:50 developed to emerging market split, sold 0.7 percent fewer drinks last year, but 1.0 percent more in the fourth quarter.

Chief Executive Carlos Brito said western Europe was set to decline longer-term, but was more upbeat on the United States, the world"s most profitable beer market.

"We"re very bullish in the U.S... but recognize that until the economy gets better we"re going to have tough years," he said.

Heineken, with some 70 percent of its profits from Europe and North America, reported a 6.7 percent drop in volumes in the fourth quarter, but Carlsberg"s volumes stayed unchanged after declining in the first nine months..

Underlying beer volumes were also flat for SABMiller, the world"s No.2 brewer.

InBev bought rival Anheuser-Busch for $52 billion, raising $9.8 billion from a rights issue late in 2008 and $9.4 billion from divestments during 2009, bringing net debt to EBITDA down to 3.7 times from 4.7 at the end of 2008.

(Reporting by Philip Blenkinsop; editing by Dale Hudson, Mike Nesbit)

Sunday, August 1, 2010

ISE slams division traffic interpretation as mkt share falls

Ann Saphir and Doris Frankel CHICAGO Mon Mar 1, 2010 3:18pm EST Stocks & &

CHICAGO (Reuters) - A specialized trading strategy known as dividend trades harms markets, misleads investors, and should not be included in overall reports of trading volume, the International Securities Exchange said on Monday.

So-called dividend spread trading accounted for nearly 4 percent of U.S. options trading last year, ISE said.

Inclusion of the trades inflated the reported market share of some options exchanges and negatively affected ISE"s market share, the options market said in an 11-page paper on the practice posted on its Website on Monday at: www.ise.com/dividendtrades .

ISE, which is owned by Deutsche Boerse AG"s (DB1Gn.DE) derivatives exchange Eurex, has been a vocal critic of so-called ex-dividends trades for years.

ISE said its overall market share fell to 22.8 percent in February from 22.9 percent in January and 28.3 percent in February 2009.

Daily average trading at ISE fell 17.4 percent to 3.1 million contracts last month from 3.8 million a year earlier.

Trading at the Chicago Board Options Exchange, ISE"s bigger rival, was flat compared to a year earlier, at 4.2 million contracts a day, the market said separately. Its market share rose to 30.1 percent, up from 29.6 percent in January, but slipped from 31.5 percent a year earlier.

Trading at all U.S. options markets rose 2.3 percent in February from a year earlier, the Options Clearing Corp said.

Excluding dividend trading, ISE said its February market share in equity options would have been 25.3 percent, more than the 24.6 percent it reported.

"Dividend trade strategies do nothing more than "paint the tape," creating the appearance of healthy order flow," the ISE said.

"For the individual investor who has been trained to associate high trading volume with news in the individual stock, these trades are very misleading."

ISE said if dividend trades are removed from industry growth calculations for 2008 and 2009, U.S. equity options volume actually shrank by 0.1 percent for 2009 compared to 2008.

The dividend spread play is a strategy professional traders use to capitalize on less savvy investors who fail to convert their options into shares in time to take advantage of the limited time period that dividend payments are available.

The plays occur one day prior to ex-dividend date -- the point when a buyer is no longer entitled to the company"s payout.

That is when professional options traders pair up and agree to buy and sell to each other huge numbers of call options -- contracts that give the right to buy a company"s shares at a fixed price by a certain date.

Market makers exercise -- that is, convert into stock -- the in-the-money call options they own and thereby acquire the shares in time to collect the dividend.

Theoretically, because they have also sold in-the-money calls, they are also on the hook to deliver shares to any call option holders who also exercise.

But because a notable number of nonprofessional traders fail to exercise their options in time, the professional traders end up with more shares of dividend-paying stock than they are required to deliver.

The trades are legal, and typically take place at markets such as former Philadelphia Stock Exchange, now called Nasdaq OMX PHLX (NDAQ.O), where fee caps reduce costs.

"ISE has never supported these types of trades through the use of fee caps, and as a result, they do not occur here," the report said.

(Editing by James Dalgleish and Tim Dobbyn)

Ted Hughes to stick on the good and the shameful in Poets Corner

Ben Hoyle, Arts Correspondent & , : {}

Ted Hughes is to receive a permanent memorial in Poets Corner at Westminster Abbey.

The honour, which was announced yesterday, is the result of a campaign led by Seamus Heaney and Hughess successor as Poet Laureate, Sir Andrew Motion.

To Hughess many supporters it is absolutely right that his distinctive, muscular and prophetic voice should now be remembered in the Abbey, alongside great names of British literature from Chaucer and Shakespeare and Keats to Eliot and Auden.

To the detractors who ensured that Hughess private life overshadowed his poetry for many years, the more appropriate parallels might be Byron or Ben Jonson, great writers who lived lives dogged by scandal and are also commemorated in the Abbey.

Times Archive, 1970: Ted Hughes, a brutal metamorphosis

The human world is presented essentially as a place of adult carrion

MultimediaArchive blog: Poet"s Corner denizens are all equal now Related LinksBard of NatureTed Hughes was a prophet of climate changePoet of the wild honoured in Westminster Abbey

There is no automatic qualification for a place in Poets Corner, nor does admission involve any moral judgment on an individuals character.

The Abbey describes it as a reactive process. Outstanding individuals are nominated and the Dean, currently the Very Reverend John Hall, takes soundings from academics, critics and the nominees peers about their significance in their field.

Dr Hall said: Deciding within a few years of peoples death that they will be remembered in hundreds of years time is, of course, impossible. And yet, it is sometimes right to make such a decision, as deans have done over the centuries.

By no means every poet laureate has been commemorated in Poets Corner. But the overwhelming weight of advice I have received suggests that this is the right decision.

Hughess memorial will be placed in the south transept, popularly known as Poets Corner, probably next year.

He will be commemorated with a floor stone or a wall plaque. His ashes, which he asked his widow, Carol, to scatter at a remote spot on his beloved Dartmoor, will not be reinterred there.

Mrs Hughes said that she was thrilled that something of his colossal presence will haunt the aisles of Westminster Abbey.

Hughes, who was born in Mytholmroyd, Yorkshire, in 1930, was Poet Laureate from 1984 until his death in 1998.

He won early, precocious acclaim with his first book of poems, The Hawk In The Rain, in 1957 and, over the next 41 years, he wrote nearly 90 books, winning numerous prizes.

However, for much of that time his reputation was inexorably entangled with his private life. Sylvia Plath, whom he married in 1956, gassed herself in 1963. For the rest of his life Hughes was hounded by feminists and Plath devotees who accused him of driving her to her death by his infidelity.

In 1969 he suffered another terrible loss when Assia Wevill, the woman for whom he had left Plath, gassed herself and their daughter in an apparent copycat suicide.

Since his death Hughess reputation has finally outstripped his harrowing biography.

Michael Morpurgo, the childrens writer, said: His private life was his own affair and his poetry will long outlive all that. He will be remembered for the force of his language, which Im sure will ring long and loud through the decades and the centuries.

Sir Andrew said that the reappraisal of Hughess work began in the last five years of his life, with the publication of Tales From Ovid and Birthday Letters, a volume of exquisite poems written over 30 years that contained Hughess long-hidden reflections on his relationship with Plath.

Both books won the Whitbread Book Of The Year prize. The other development was the recognition that Hughes was not so much a nature poet as he had been called, slightly disparagingly, as a poet of the environment who was far ahead of his time. The vast body of work that he produced engaging with the natural world constitutes a gigantic, incipient elegy for what we might lose.

Hughes"s arrival in Poets Corner will stoke up a new controversy around the poet: how good was he compared with the illustrious company that he will keep there?

Sir Andrew said that there was still a tremendous sense of work still to be discovered with Hughes because so much of his work has not been properly studied yet. However, if his reputation continues to advance at the present trajectory, hes a very big poet indeed; one of the very small handful of great British writers of the past hundred years.

Angelina Jolie is wrong preference to fool around Patricia Cornwell brave woman contend authors fans after Jodie Foster turns the piece down

Angelina Jolie has sparked fury among the fans of Patricia Cornwell"s bestselling crime novels by being chosen to play its heroine Kay Scarpetta.

Many say Jolie is "too glamorous" and "exotic" looking to play the screen version of the medical examiner.

The character in 17 best selling books is a petite, middle-aged woman with short blonde hair - much like the 53-year-old author herself.

Angelina Jolie

Wrong for the part: Angelina Jolie, pictured in Paris today shooting scenes for her new film The Tourist, has upset fans of author Patricia Cornwell

Jolie is currently staying in Venice with partner Brad Pitt andtheir six children while she shoots her upcoming film The Tourist,which also stars Johnny Depp.

But while fans of the books are unhappy, Cornwell is pleased with the casting of Jolie, 34, with filming set to begin later this year.

"When Angelina came out of the left field last year, I was floored", said Cornwell.

The author admitted Jodie Foster was her first choice to play Dr Scarpetta, but the actress - one Hollywood"s highest profile lesbians - turned the role down.

Cornwell met with Jolie on the set on her last film Salt to talk about the role.

She said she was impressed by Jolie"s take on the character.

Jodie FosterPatricia Cornwell

Jodie Foster (left) was the first choice to play the petite, middle-aged medical examiner Kay Scarpetta who has featured in 17 books by Patricia Cornwell (right)

"Angelina had pithy things to say about what she wanted to do", she said.

"She was direct and goal-oriented. She waited on everyone, getting them their lunch, while her own staff was seated. She was aware intuitively how other people were feeling and wanted to make them comfortable. It was not typical for people of her stature." More...Brad Pitt and Angelina Jolie enjoy passionate Parisian embrace

But loyal fans of the books have blasted the choice of Jolie.

"I have read all of Cornwell"s books -- some several times," said Carol Samuel.

"Angie is all wrong to play Kay. Kay is a "striking" woman. She has class. Angie"s exotic looks would take away from the actual characters.

angelina jolieangelina jolie

Parisian chic:Angelina looks striking in her cream outfit while filming in Paris today,unaware of the furore over her new role

"The person to play Scarpetta should be between 40-45. She would have short brown hair. She is a very healthy woman so the actress should be "built"."

The message boards on Corwell"s official website are filled with similar comments, with one fan writing: "As much as I love Kay Scarpetta and Patricia Cornwell, I will not be watching this movie. She just does not fit the Scarpetta profile. Terrible choice!!"

Another added: "I am so unhappy with the choice of Angelina Jolie. Kay Scarpetta is older and unglamorous. I have had every character pictured in my mind for years and she is so far off base."

Enlarge