Thursday, May 7, 2009

Penske Automotive Group, Inc., an Ohio-based investment group and Telesto Ventures have indicated separately that they are interested in purchasing the Saturn auto brand from General Motors (GM).

According to The Wall Street Journal, Nissan-Renault is interested in purchasing Saturn. Bloomberg, however, indicated that Nissan-Renault may be a partner of Penske’s potential bid. If Penske acquired the brand, they would distribute Saturn vehicles and outsource the assembly.

GM revealed that the Saturn brand along with Saab and Hummer were up for sale when unveiling their restructuring plans to Congress for governmental loans. While the Pontiac brand was originally to be a niche brand, GM had changed their plans recently and decided to eliminate the brand.

Telesto Ventures is an investment group that includes private equity firm Black Oak Partners LLC of Oklahoma City and several Saturn dealerships. Initially, Telesto will purchase Saturn branded cars from GM then act as a general retailer for foreign brands. Telesto is in talks with several foreign manufacturers.

The Ohio group includes many former senior auto company managers plus private financial backers, chemists and engineers who live in Michigan, Ohio, Indiana and Florida. This group plans to initially purchase cars from GM then purchase existing but closed plants due to automaker restructuring. Additionally, one of the partners indicated a willingness to accept some “legacy” cost in relation to the United Auto Workers. The Ohio group is also pursuing possible loans or other support from national and state governments.

GM is reviewing several offers for Saturn. GM has contracted with S.J. Girsky & Co. to advise them on the sale.

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Wednesday, March 24, 2010

The US Federal Bureau of Investigation (FBI) is looking into threats made against Democratic members of the US House of Representatives. The threats were directed at members of Congress who supported the recent health care reform legislation.

Virginia’s 5th district representative Tom Perriello’s brother’s home had its gas line cut early Wednesday. Another Democrat, Louise Slaughter of New York’s 28th district, had a brick thrown through her offices window.

House Majority leader Steny Hoyer held a press conference about the threats and multiple instances of vandalism involving the offices of Congresspersons who voted on the Patient Protection and Affordable Care Act. Hoyer said that “[t]he incidents of threats whether in person or through telephones or through other communication devices, have given great concern to members, for the safety of themselves and their families.”

House Minority leader John Boehner said that the incidents show the American peoples’ feelings for the new bill, but “violence and threats are unacceptable.” He added, “that’s not the American way, we need to take that anger and channel it into positive change.”

Friday, October 12, 2007

New Zealand state-owned enterprise (SOE), Kordia published its annual report a few days ago for the financial year ending June 30, 2007.

Formerly known as Broadcast Communications Ltd (BCL) prior to the name change in November 2006, the Crown-owned company offers contracting, consulting, and networking services. They operate a national communication network and provides network feeds and broadcast services for the major television and radio networks in New Zealand.

The annual report shows Kordia Group Limited’s net profit, after tax, at NZ$11.9 million, the 2006 result was $9.8 million. Revenue was up from $201 million in the 2006 financial year to $264 million this year; a 31% increase. Chairman of Kordia, Wayne Brown, described this financial year as “solid achievement” while being “on track to record further growth in the exciting fields in which it operates.”

These increases is despite the major acquisition of Orcon Internet Limited, an ISP (Internet service provider). Kordia will use Orcon, acquired on 2 July, 2007, to invest and deliver the possibilities of the current progress of local loop unbundling, new Wi-Fi zones, and WiMAX technology. CEO of Kordia, Geoff Hunt, said, “Orcon will soon offer a complete range of Voice over IP products”. Orcon is being operated at arms-length to the rest of the company.

Other areas where Kordia is advancing itself is mobile television transmission where they are already prepared to start services once content providers have been secured. Hunt said, “Spectrum is available, so all we need are the content providers and some good consumer demand. Then we’ll be ready to roll.”

Kordia is also immersing itself further in the television sector as well as its mobile television service. Other advances includes New Zealand’s new digital television service, Freeview with it set to start terrestrial transmission next year.

Parliament TV also began this year in July. All House proceedings are available via the Parliament website and a broadcast quality feed is provided to all broadcasters, with full coverage being televised by Freeview and Sky Network Television. The manager of Kordia’s Transmission Control Centre, Merv Brooks, said, “This is another example of people and technology coming together to deliver a truly unique product to New Zealanders.”

Being a SOE, Kordia is required to give the Government a dividend. The Government will receive a total dividend of $8.4 million; $6.8 million in 2006. A $3 million dividend had already been received by the Government so a payment of only $5.4 million was made.

Friday, April 3, 2009

A gunman attacked a downtown Binghamton, New York-based immigration services center today, killing up to 13 people before killing himself.

New York Governor David Paterson at a news conference indicated that 12 or 13 people were killed at the American Civic Association. It is unclear whether or not the attacker was included in the number of the deceased.

An anonymous law enforcement official indicated the presumed gunman’s body was found in an office of the immigration services center building. The attacker blocked the rear building door with his car and entered through the front door. He then opened fire.

The gunman held over 40 hostages, some in a closet and the rest in the boiler room. Police and EMS started arriving at 10:30 A.M (EDT). SWAT sharpshooters and the Endicott police bomb squad were called to the scene. Nearby residencies and businesses were evacuated, while a nursing home and the high school were placed on lockdown. FBI hostage negotiators and evidence response team were being sent to the scene. The Bureau of Alcohol, Tobacco, Firearms and Explosives agents were headed to Binghamton. About noon, the shooter released ten hostages, then another ten out the back 40 minutes later. At 2:40 p.m., the local police said the standoff had ended and a SWAT team was checking the building for anyone remaining.

In Johnson City, Wilson Medical Center staff are treating three to five gunshot wounds, while Our Lady of Lourdes Hospital in Binghamton is treating a single such case. Both hospitals called in additional staff and cancelled all elective surgeries.

A national law enforcement source identified the shooter as 42-year-old Jiverly Voong. The police asked Broome Community College Assistant Professor Tuong Hung Nguyen, a fluent Vietnamese speaker, to translate for discussions between police and Voong.

Monday, June 21, 2010

Sweden’s first royal wedding since 1976 took place Saturday when Crown Princess Victoria, 32, married her long-time boyfriend and former personal trainer, Daniel Westling, 36. The ceremony took place at Stockholm Cathedral.

Over 1,200 guests, including many rulers, politicians, royals and other dignitaries from across the world, attended the wedding, which cost an estimated 20 million Swedish kronor. Victoria wore a wedding dress with five-metre long train designed by Pär Engsheden. She wore the same crown that her mother, Queen Silvia, wore on her wedding day 34 years previously, also on June 19. Victoria’s father, King Carl XVI Gustaf, walked Victoria down the aisle, which was deemed untraditional by many. In Sweden, the bride and groom usually walk down the aisle together, emphasising the country’s views on equality. Victoria met with Daniel half-way to the altar, where they exchanged brief kisses, and, to the sounds of the wedding march, made their way to the the silver altar. She was followed by ten bridesmaids. The couple both had tears in their eyes as they said their vows, and apart from fumbling when they exchanged rings, the ceremony went smoothly.

Following the ceremony, the couple headed a fast-paced procession through central Stockholm on a horse-drawn carriage, flanked by police and security. Up to 500,000 people are thought to have lined the streets. They then boarded the Vasaorden, the same royal barge Victoria’s parents used in their wedding, and traveled through Stockholm’s waters, accompanied by flyover of 18 fighter jets near the end of the procession. A wedding banquet followed in the in the Hall of State of the Royal Palace.

Controversy has surrounded the engagement and wedding between the Crown Princess and Westling, a “commoner”. Victoria met Westling as she was recovering from bulemia in 2002. He owned a chain of gymnasiums and was brought in to help bring Victoria back to full health. Westling was raised in a middle-class family in Ockelbo, in central Sweden. His father managed a social services centre, and his mother worked in a post office. When the relationship was made public, Westling was mocked as an outsider and the king was reportedly horrified at the thought of his daughter marrying a “commoner”, even though he did so when he married Silvia. Last year, Westling underwent transplant surgery for a congenital kidney disorder. The Swedish public have been assured that he will be able to have children and that his illness will not be passed on to his offspring.

Westling underwent years of training to prepare for his new role in the royal family, including lessons in etiquette, elocution, and multi-lingual small talk; and a makeover that saw his hair being cropped short, and his plain-looking glasses and clothes being replaced by designer-wear.

Upon marrying the Crown Princess, Westling took his wife’s ducal title and is granted the style “His Royal Highness”. He is now known as HRH Prince Daniel, Duke of Västergötland. He also has his own coat-of-arms and monogram. When Victoria assumes the throne and becomes Queen, Daniel will not become King, but assume a supportive role, similar to that of Prince Phillip, the husband of the United Kingdom’s Queen Elizabeth II.

Tuesday, February 9, 2010

Dr. Conrad Murray has been charged with involuntary manslaughter in connection to the death of Michael Jackson, who Murray was doctor to. Dr. Murray was with the singer when he died on June 25 last year.

The doctor is alleged to have acted “unlawfully and without malice“. The prosecution’s complaint said that when Dr. Murray gave Michael Jackson a powerful sedative to attempt to assist Jackson with his sleeping, he acted “without the caution and circumspection required”. During rehearsals for a series of return concerts planned in London, England last year, the entertainer had employed the doctor to be his personal physician for the spring. If convicted of the charges, Dr. Murray could be imprisoned for up to four years.

According to Ed Chernoff, Dr. Murray’s lawyer, he will not plead guilty. Speaking on Monday, before the charge was filed, Chernoff stated: “We’ll make bail, we’ll plead not guilty and we’ll fight like hell.” The coroner’s office in Los Angeles, California, US reported that the death of Michael Jackson was a homicide, with the cause being an overdose of sedatives.