Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/162073062?client_source=feed&format=rss
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Wednesday, November 16, 2011
Tuesday, November 15, 2011
LinkedIn Stock Sales Will Help Finance Company's Expansion
SAN FRANCISCO -- LinkedIn Corp.'s employees and early backers plan to sell more than 6.7 million shares as they try to reap the gains from a rapid run-up in the online professional networking service's market value.
CEO Jeff Weiner wants to sell more than 372,000 shares, the most among LinkedIn's management. The company listed the amounts in a regulatory filing Monday.
After two years as LinkedIn's CEO, Weiner is in line for a $29 million windfall from the sale. That's based on Monday's closing price of $78.49 for LinkedIn's shares. The stock sold for $45 per share in an initial public offering completed in May.
Investors are betting LinkedIn is still in the early stages of its growth as it tries to reshape the way people try to advance their careers. Since its 2003 inception, LinkedIn has attracted more than 135 million members who have posted details about their current and past jobs on the company's website.
Weiner, 41, will still own 2.3 million shares after his stock sale is completed.
Reid Hoffman, LinkedIn's co-founder and executive chairman, isn't selling any of his nearly 19 million shares. That stake is currently worth about $1.5 billion.
LinkedIn, which is based in Mountain View, plans to sell nearly 1.3 million additional shares to help finance its expansion. The company announced its plans to sell the stock earlier this month, but hadn't spelled out how many shares it would offer until Monday. The sale aims to raise about $100 million to supplement the $367 million that LinkedIn already had in the bank as of Sept. 30.
The mass stock sales will test investors' faith in LinkedIn by nearly doubling the number of shares circulating on the stock market. LinkedIn's IPO sold about 9 million shares. Including LinkedIn's fundraising effort, at least 8 million shares are supposed to be sold this time around.
LinkedIn's shares have fallen by about 10 percent since the company reported a third-quarter loss of $1.6 million on Nov. 3. They slipped $2.49, or 3.2 percent, to $76 in extended trading after the company made the SEC filing.
Most of the stock in this offering is being sold by three venture capital firms that invested in LinkedIn before the IPO. Bain Capital Venture Integral Investors plans to sell all 3.7 million LinkedIn shares that it owns. Greylock Ventures plans to sell 10 percent of its 14 million LinkedIn shares and Bessemer Venture Partners plans to sell 11 percent of its nearly 4. 6 million shares.
Other big sellers include: Allen Blue, another LinkedIn co-founder who is offering more than 118,000 shares: Steven Sordello, LinkedIn's chief financial officer, who is offering more than 98,000 shares; and Dipchand "Deep" Nishar, a senior vice president in charge of products who is offering 94,500 shares.
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Monday, November 14, 2011
Pakistan - Urgent finance appeal for ?Faisalabad 6?
Home > IV Online magazine >? IV442 - November 2011 >? Pakistan?
IV Online magazine : IV442 - November 2011
?
Farooq Tariq
?
As you all are aware, six labor leaders from Faisalabad have been handed jail sentences of 490 years in total. Their only crime was to lead a peaceful strike for an increase in minimum wages as announced by the government. They are Akbar Ali Kamboh, Babar Shafiq Randhawa, Fazal Elahi, Rana Riaz Ahmed Muhammad Aslam Malik and Asghar Ali Ansari. Four of them were arrested in July 2010 while the other two were arrested in July 2011 on the same charges.
All of them are leaders of a power looms works organization called, Labour Qaumi Movement (LQM) in Faisalabad, the third largest city of Pakistan. LQM is a community based labour organization fighting for the rights of the textile workers since 2004. It has a mass base among textile workers of the city and surrounding areas.
An anti-terrorist court judge on November 1, 2011, sentenced six leaders under terrorism charges in Faisalabad. As is frequently observed that Terrorists are set free by these courts and workers leaders are charged under terrorist laws in Pakistan
They were accused of burning down a factory during the strike. This is a fabricated charge. The facts are that on the day of strike, July 20, 2010, gangsters in the pay of the factory owner in Thekri Wala started shooting at the workers who were leaving the factory to demand better wages. Some workers dared to go inside the factory and forced the gangsters to stop firing. Some of them were beaten up by the angry workers.
During the trial, the workers? advocate asked if the factory had been burned down then how was it able to be operating again three days later.
More than 100,000 power loom workers in Faisalabad district went on strike on July 20, 2010, for an increase of wages that had been announced by the government during the presentation of budget 2010-11. The government announced 17 percent rise in the minimum wage for the private sector workers. The LQM in Faisalabad, Jhang and other districts had been in negotiations with power loom owners for three weeks before the strike.
The incident happened in Sudhar area, an industrial suburb of Faisalabad where a big number of power loom factories are located. This area had been a battle ground between workers and owners for three years as the workers organised themselves effectively in huge numbers there.
The long term jail sentences of these workers leaders has been a devastating blow to the workers movement in Faisalabad, and indeed across the country. That the court could hand out such a draconian anti-labor judgment was beyond anyone?s expectations, especially since this judiciary itself had been restored through the support of a powerful people?s movement. Yet, the anti-terrorist court chose to give a verdict with the sole aim of damaging the power loom workers movement which was slowly becoming a symbol of working class militancy all over the country.
One of the principal methods of disciplining labor under capitalism is to push them to the point where they are only left with an option of negotiating with the bosses on the latter?s terms. This is done either through brute state force or by financially crushing the working class so that they only have the option of compromising in order to survive within the system.
The bosses have used the latter tactic to ensure that these labor leaders become examples for anyone who dares to raise his/her voice against the injustices meted out to the workers. All of our jailed comrades are married and were the primary breadwinners of their families. Their families have been pushed to the brink of a financial catastrophe. The families are contemplating removing children from the schools since they are unable to even buy enough groceries.
Knowing that this is part of the political strategy of the bosses to subjugate the workers, and that it is having severe consequences for the families of the jailed leaders, the Labour Party Pakistan, the Labour Qaumi Movement, the National Trade Union Federation and the Labour Education Foundation are launching a finance appeal to support the families of our jailed comrades.
These leaders have shown tremendous courage and steadfastness in refusing to compromise with the authorities and instead suffer the consequences of speaking the truth. These families deserve our generous support not only because these comrades are suffering due to their involvement with a working class movement. But also, because the outcome of this movement, and our ability to extend solidarity and support to our comrades in difficult conditions, will dictate whether this particular event will deter working class militancy (as wished by the bosses) or act as a shining example of working class solidarity against the hideous tactics of the ruling classes.
Anti-terrorist laws are frequently used against protesting industrial workers in Punjab. Thirteen trade union leaders are facing such charges of terrorism. Their real crime is fighting for a better life for their members and demanding higher wages. The Punjab government is all out to crush any trade union movement in factories which is challenging their authority.
On behalf of the LQM, NTUF,the LPP and the LEF, we urge you to donate generously for the families of these victims of state-terrorism. These families are in dire need of financial support and we can only sustain them with a collective effort. The bank details are as follows..
If you wish to transfer funds, below are details of the account for sending money to this finance appeal,
A/C Title: Labour Education Foundation
A/C Number: 01801876
Route: Please advise and pay to Citi Bank, New York, USA Swift CITI US 33 for onward transfer to BANK ALFALAH LTD., KARACHI, PAKISTAN A/C No. 36087144 and for final transfer to BANK ALFALAH LTD., LDA PLAZA, KASHMIR ROAD, LAHORE, PAKISTAN Swift: ALFHPKKALDA for A/C No. 01801876 OF LABOUR EDUCATION FOUNDATION.
Please send motions and/or messages of solidarity to the Labour Education Foundation: Ground Floor, 25-A Davis Road, Lahore, Pakistan. Tel: 92-42-36303808 Fax: 92-42-36271149 Email: lef@lef.org.pk Website: www.lef.org.pk
1. Khalid Mehmood, director Labour Education Foundation (kahlid@lef.org.pk) 03219402322
2. Mian Abdul Qayum, Chairman Labour Qaumi Movement (0300 6606306)
3. Nisar Shah, general secretary Labour Party Pakistan (rednisar@hotmail.com) 0300 2147960
4. Niaz Khan, General Secretary National Trade Union Federation (Punjab) 03009414863
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Source: http://www.internationalviewpoint.org/spip.php?article2377
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Thursday, November 3, 2011
Bangladesh, Russia sign nuclear power plant deal (AP)
DHAKA, Bangladesh ? A government official says Bangladesh and Russia have signed a cooperation deal to build a nuclear power plant in the energy-starved South Asian nation.
Bangladesh's junior Science and Technology Minister Yeafesh Osman says he and Russia's Rosatom State Corporation Director-General Sergei Kiriyenko signed the agreement on Wednesday for the nation's first such plant at Rooppur in Pabna district, 75 miles (120 kilometers) north of the capital, Dhaka.
Bangladesh now relies on decades-old gas-fired power plants and suffers a daily shortfall of about 2,000 megawatts that is blamed for hampering industrial production and economic growth.
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PLO to pursue statehood despite Israeli measures (Reuters)
RAMALLAH, West Bank (Reuters) ? Israel's tough responses to a successful Palestinian bid to join UNESCO -- financial sanctions and a faster settlement drive in the occupied West Bank -- are unlikely to halt a Palestinian quest for recognition as a state at the United Nations.
A senior Palestinian official said on Wednesday that Israel was trying to undermine the Palestinian Authority (PA) through a decision on Tuesday to freeze temporarily transfers of PA funds after it won membership of the U.N. cultural agency.
The UNESCO vote marked a success for the Palestinians in their broader thrust for recognition as a sovereign state in the U.N. system -- an initiative opposed by Israel and its main ally the United States.
In what the Palestinians saw as a reprisal, Israeli Prime Minister Benjamin Netanyahu's cabinet also decided to accelerate the building of Jewish settlements on land where the PA aims to establish an independent state next to Israel.
"It is very serious. Israel wants to strive to destroy the role of the Palestinian National Authority," Yasser Abed Rabbo, secretary-general of the Palestine Liberation Organization (PLO), told Voice of Palestine radio.
Saeb Erekat, another senior Palestinian official, said in a statement that Israel's latest decisions would "not change our course of action," signaling the Palestinians will push ahead regardless in their U.N. initiative.
Israel's decision to step up settlement-building drew expressions of disappointment and concern from Washington and the European Union.
"We are deeply disappointed by yesterday's announcement about accelerated housing construction," White House spokesman Jay Carney said, adding that such "unilateral actions" did not help bridge differences with the Palestinians.
The European Union's foreign policy chief Catherine Ashton said she was "deeply concerned by the latest Israeli decisions" and urged Israel to reverse them.
U.N. Secretary-General Ban Ki-moon also said he was "deeply concerned" by Israel's announcement and said funds transfers to the Palestinians must continue "in line with Israel's obligations."
Netanyahu, in a speech on Wednesday, said construction in Jerusalem -- whose eastern sector Palestinians want for the capital of a future state -- is Israel's "right and obligation." Israel deems all of Jerusalem, including areas taken in a 1967 war, as its capital, a status not recognized internationally.
The revenues Israel has decided to withhold include duties on goods being imported to the Palestinian territories and which amount to around half of the PA's domestic revenue base.
In May, Israel temporarily withheld the revenues in response to a reconciliation pact between Abbas and the Hamas movement, which governs the Gaza Strip and is deeply hostile to Israel.
That suspension meant the PA was unable to pay salaries to its 150,000 employees on time for the first time since 2007. A PA spokesman said salaries for November were paid on Wednesday despite the Israeli decision.
"The (Israeli) decision to deny Palestinians access to their own custom tax revenues is an unlawful punitive measure that Israel has done in the past (2005, 2006, 2007, 2011) and will most likely do again," the PA said in a statement.
While Israel may want to punish the Palestinian Authority for its pursuit of statehood at the United Nations, analysts question whether Israel has any interest in the PA's collapse, not least because of its role in policing the West Bank.
PA security forces currently cooperate with the Israelis.
"This is one point of strength the PA has," said George Giacaman, a political scientist at Birzeit University in the West Bank.
MORIBUND PEACE PROCESS
The Authority was set up in 1994 as a state-in-waiting at the outset of a peace process which the Palestinians hoped would yield their independence in the West Bank, East Jerusalem and the Gaza Strip, which were all captured by Israel in 1967.
That process, to the extent it exists at all, is in deep crisis. The last round of direct peace talks broke down around a year ago because of a dispute over Israel's expansion of settlements in the West Bank and East Jerusalem -- construction which Abed Rabbo said aimed to kill any chance of Palestinian independence.
Israel said on Tuesday the areas where building would be accelerated would remain in its hands in any future peace deal.
"The Palestinians have no one but themselves to blame for the current impasse in the peace talks that stems directly from their refusal to negotiate peace, from their boycotting the negotiations and from their decision to attack Israel in international fora," Netanyahu spokesman Mark Regev said.
UNESCO was the first U.N. agency to admit the Palestinians as a full member since President Mahmoud Abbas applied for a full seat at the United Nations on September 23.
Israel and the United States both see the Palestinian policy as an attempt to bypass bilateral peace talks. Israel also says that the Palestinians are aiming to delegitimize it.
Palestinian analysts say Abbas' resolve to press ahead has only been hardened by the recent success of his rivals in the Islamist Hamas movement, which last month scored points among Palestinians by brokering a prisoner swap with Israel.
The U.N. Security Council is expected to decide the fate of the Palestinian application for full membership around November 11. Washington has vowed to use its veto if it comes to a vote.
The Palestinians could then ask the General Assembly to upgrade their status to that of "a non-member state," an improvement on their current standing as an "observer entity."
They also have plans to apply for full membership of other U.N. agencies, regardless of the course of events in New York.
(Additional reporting by Ori Lewis in Jerusalem, Arshad Mohammed in Washington and Louis Charnonneau at United Nations; Editing by Mark Heinrich and Roger Atwood)
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Wednesday, November 2, 2011
Switching senses: Leeches shift the way they locate prey in adulthood
ScienceDaily (Nov. 1, 2011) ? Many meat-eating animals have unique ways of hunting down a meal using their senses. To find a tasty treat, bats use echolocation, snakes rely on infrared vision, and owls take advantage of the concave feathers on their faces, the better to help them hear possible prey. Leeches have not just one but two distinct ways of detecting dinner, and, according to new findings from biologists at the California Institute of Technology (Caltech), their preferred method changes as they age.
Medicinal leeches, like many aquatic animals, use water disturbances to help them find a meal. Juvenile leeches eat the blood of fish and amphibians, while adults opt for blood meals from the more nutritious mammals. Since it was known that leeches change their food sources as they develop, the Caltech team wanted to know if the way they sense potential food changed as well. Their findings are outlined in a paper now available online in the Journal of Experimental Biology.
The group set up experiments to test how much leeches rely on each of the two sensory modalities they use to find food: hairs on their bodies that can note disturbances in the water made by prey moving through it and simple eyes that can pick up on the passing shadows that those waves make. They monitored both juvenile and adult leeches as they reacted to mechanical waves in a tank of water or to passing shadows, as well as to a combination of the two stimuli. The leeches in both age groups responded in similar ways when only one stimulus was present. But when both waves and shadows existed, the adult leeches responded solely to the waves.
"We knew that there was a developmental switch in what kind of prey they go after," says Daniel Wagenaar, senior author of the paper and Broad Senior Research Fellow in Brain Circuitry at Caltech. "So when we saw a difference in the source of disturbances that the juveniles go after relative to the adults, we thought 'great -- it's probably matching what we know.'"
However, the team was very surprised to see that the individual sensory modalities aren't modified during development to help decipher different types of prey. The leech's visual system doesn't really change as the animal matures; neither does the mechanical system. What does change, however, is the integration of the visual and mechanical cues to make a final behavioral decision.
"As they mature, the animals basically start paying attention to one sense more than the other," explains Cynthia Harley, lead author of the study and a postdoctoral scholar in biology at Caltech. She says that the team will now focus their studies on the adult leeches to learn more about how this sensory information is processed both at the behavioral and cellular levels.
Paper coauthor Javier Cienfuegos, now a freshman at Yale, contributed to the study while a high school student at the Polytechnic School, which is located next to Caltech's campus. He ran about half of the experimental trials and was "instrumental in the success of the study," says Harley.
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The above story is reprinted from materials provided by California Institute of Technology.
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Journal Reference:
- C. M. Harley, J. Cienfuegos, D. A. Wagenaar. Developmentally regulated multisensory integration for prey localization in the medicinal leech. Journal of Experimental Biology, 2011; 214 (22): 3801 DOI: 10.1242/jeb.059618
Note: If no author is given, the source is cited instead.
Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/BsCMVt6gyE4/111101141343.htm
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Tuesday, November 1, 2011
Buy Inexpensive Touring Caravan Insurance coverage at tpctourism ...
October 31st, 2011 by Aaric
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Source: http://www.tpctourism.org/2011/10/buy-inexpensive-touring-caravan-insurance-coverage/
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