NYSE to merge with Archipelago; NASDAQ to buy Instinet

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NYSE to merge with Archipelago; NASDAQ to buy Instinet

Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

Hope fades for families of trapped Mexican miners

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Hope fades for families of trapped Mexican miners

Wednesday, February 22, 2006

Almost 600 desperate family members and others remained camped outside the Pasta de Conchos coal mine near San Juan de Sabinas, in the northern Mexico state of Coahuila where 65 Mexican miners were trapped by a gas explosion around 2:30 a.m. (0830 GMT) Sunday. Some are threatening to storm the mine while soldiers are trying to keep them calm and rescuers continue to pick through the rock and debris with hand tools, fearing that any power equipment might set off another explosion.

The local newspaper’s headline caused panic by quoting one of over a dozen surviving miners who were close enough to the exits to escape: “They are surely dead,” (La Prensa de Monclova). However, Arturo Vilchis, Civil Protection Director, refused to speculate on the condition of the miners, while Javier de la Fuente, an engineering contractor with mine owner Grupo México S.A. de C.V. also tried to hold out some hope.

The men were each supposed to be carrying oxygen tanks, each with a six hour supply, and there’s some hope that they could reach other oxygen supply tanks, or that some air might be reaching them through the ventilation shafts into which rescuers have been pumping more oxygen since shortly after the explosion.

Juan Rebolledo, vice president of international affairs for Grupo México, assured onlookers that U.S. mining experts were on the way, and officials at the U.S. Mine Safety and Health Administration have confirmed that they’ve sent a specialized equipment truck and several mining experts which should arrive at the mine site on Wednesday afternoon.

Meanwhile Consuelo Aguilar, a spokeswoman for the National Miners’ Union, called for an investigation into Grupo México’s responsibility for the disaster. Pedro Camarillo, a federal labor official, said nothing unusual was found during a routine evaluation in early February.

Britain unveils flu pandemic preparedness plan, buys 14m courses of treatment drug

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Britain unveils flu pandemic preparedness plan, buys 14m courses of treatment drug

Tuesday, March 1, 2005

The government of the United Kingdom has unveiled their strategy to deal with any future influenza pandemic in their Pandemic Influenza Contingency Plan.

The document, based on the World Health Organization‘s framework for responses, explains how the UK would respond to a major outbreak of flu.

Any flu pandemic would differ from the seasonal outbreaks of flu observed worldwide every year. While seasonal flu kills 12,000 Britons annually, a pandemic would affect far more people and could result in the deaths of up to 50,000 people in the UK if there were no medical intervention.

The government will have the power to cancel events where large numbers of people gather, such as football (soccer) matches. It could also advise travel restrictions to and from areas of high infection, but would not be able to enforce any such measures.

Schools might be closed in the event of a flu pandemic, and infected people would be asked to remain at home, although again no quarantine measures could be imposed by the government.

Further plans include education of the public to recognize symptoms of the flu and how to avoid infection.

Measures will be made to maintain basic services in the event of a pandemic despite staff absences through illness.

A major cornerstone of the plan is the prescription of oseltamivir, an oral neuraminidase inhibitor drug that combats influenza. The drug is currently marketed by Hoffman La Roche under the trade name Tamiflu®.

The UK Department of Health intends to stockpile 14.6m courses of the drug over the next two financial years, giving enough to treat one in four of the population – the ratio recommended by the WHO.

Canada and Australia have also bought the equivalent amounts of anti-viral drugs. The U.S. has also bought large amounts of similar drugs.

The total cost of the acquisition was not published by the government, but the BBC estimated the cost to be £180 million.

Unlike a vaccine, oseltamivir can be used to treat any strain of the influenza virus. Many new variants of the influenza virus are seen every year, and combined with the long lead times associated with the development of vaccinces, mass vaccination is frequently impractical.

Some parts of the newly-revealed plan already exist. The UK government recently gave £500,000 to the WHO for survellience of so-called ‘bird flu’ in South East Asia, a possible source for any future pandemic. The Department of Health will also continue to monitor flu-like cases seen by doctors and hospitals.

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United States Speaker of the House Paul Ryan announces retirement

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United States Speaker of the House Paul Ryan announces retirement
May 22nd, 2018 in Uncategorized | No Comments

Saturday, April 14, 2018

Current United States Speaker of the House and 2012 Republican vice presidential candidate Paul Ryan announced Wednesday he will not seek reelection and plans to retire from the U.S. House of Representatives when his term expires in January.

“We all know that I did not seek this job, I took it reluctantly, but I have given this job everything I have and I have no regret whatsoever in accepting this responsibility,” Ryan told the press. Ryan took over the Speaker position after John Boehner retired in 2015. Ryan cited wanting to spend more time with his three children. Some reports suggested he was also disillusioned with the Trump presidency. Ryan contradicted this in public: “I’m grateful to the president for giving us this opportunity to do big things to get this country on the right track,” he said. According to Axios, Ryan considered last December’s restructuring of the U.S. tax code to be the most important accomplishment during his time as Speaker.

President Trump said via Twitter, “Speaker Paul Ryan is a truly good man, and while he will not be seeking re-election, he will leave a legacy of achievement that nobody can question. We are with you Paul!”

Senate Minority Leader Chuck Schumer praised Ryan as “a good man who is always true to his word” and said “[w]ith his newfound political freedom, I hope the Speaker uses his remaining time in Congress to break free from the hard-right factions of his caucus that have kept Congress from getting real things done.”

Not all reactions to Ryan’s departure were admiring. While various Democrats and others have opposed Ryan for his Republican views, many Republicans have criticized what they describe as a lack of support for President Trump’s projects, such as the US Mexico border wall Trump has proposed to build on the U.S. border with Mexico. Far-right media outlet Breitbart News described Ryan on Tuesday as “the leader of the globalist wing of the Republican Party,” citing his “pro-immigration, wage-crushing, big business-first record, whereby American workers have been left behind by multinational free trade and mass immigration.” Fox News commentator Sebastian Gorka tweeted “GOOD RIDDANCE.” Amongst late-night comedians, Stephen Colbert of The Late Show called him “CrossFit Dracula” in a reference to his well-documented fondness for fitness programs: “He said today he wants to spend more time with his wife and kids. Which, of course, is what he calls his biceps.” Jimmy Fallon of The Tonight Show added “House Speaker Paul Ryan announced that he is retiring from Congress. He said he wants to spend more time with his children at home, and less time with the child in the White House.”

Paul Ryan currently represents a district in southeastern Wisconsin. As of January, he will have served twenty years in the United States Congress.

According to Business Insider, waiting until January of next year would push Ryan into a slightly higher pension bracket within the Federal Employees Retirement System because his time as Speaker will give him three years at a sustained salary of US$223,500. If he retires as planned, he would be eligible to draw noticeably more annually than if he retired sooner.

House Majority Whip Steve Scalise, asked by Fox News whether he would run for Ryan’s position as Speaker, responded with a reference to the upcoming 2018 midterm elections, “We’re getting way ahead of ourselves. […] We’ve got to make sure we keep the majority.”

In November, one third of the U.S. Senate and the entire House of Representatives are up for re-election. The Republicans currently have a majority in both houses of congress, but would lose control of the House if the Democrats gained 23 out of its 435 seats. Close to 30 Republicans have announced they would be retiring this year. BBC analyst Anthony Zurcher speculates Ryan may be retiring now to preserve his reputation for a presidential run sometime in the future.

In the U.S. government, the Speaker of the House automatically assumes the presidency if the president and vice president are both killed or incapacitated. The Speaker is elected by the members of the House of Representatives, and so is usually a member of whichever of the two main political parities happens to have the majority that session.

UK chancellor raises national insurance payments for self employed in new budget

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UK chancellor raises national insurance payments for self employed in new budget
May 22nd, 2018 in Uncategorized | No Comments

Friday, March 10, 2017

UK chancellor Philip Hammond announced his 2017 budget on Wednesday, which included a £2 billion pledge to social care and a tax hike on the self-employed. It was accused of breaking Conservative Party manifesto promises.

It was announced there will be a 2% increase in national insurance contributions for the self-employed, with chancellor Philip Hammond citing worries that people were choosing to become self-employed in order to pay lower taxes and his perception of unfairness in the different rates paid by employees and self-employees. There were accusations this change in policy goes against the manifesto promises the Conservative Party ran on in 2015, which promised four times that there would be no increase in national insurance rates. Conservative MP Anna Soubry tweeted saying she believed these new measures would be unpopular as many would see them as unfair. The leader of the opposition, Jeremy Corbyn, claimed the new measures will not clamp down on people whose self-employment is just for tax benefits, instead causing problems for those legitimately self-employed, arguing that if they are to start paying similar tax rates to the employed then they should get rights such as statutory maternity pay. The think tank Resolution claimed, however, this increase is outweighed by other government policies and is, therefore, a good move.

In addition to this, the chancellor announced a £2 billion pledge to social care over the next three years, saying he was aware of the stress the ageing population is having on the NHS and social care. Liberal Democrat Norman Lamb described the amount as “wholly inadequate”, saying much more is needed to pay for an increase in care demands due to the ageing population. The lowest threshold at which shareholders pay dividend taxes is to be lowered from £5,000 to £2,000 claiming that the taxes for dividends provided “an extremely generous tax break for investors with substantial share portfolios”. Other budget announcements include an additional £325 million for the NHS, £90 million transport spending for the North of England, £20 million to support campaigning against violence against girls and women and a slight increase in funding for the devolved governments.

Dozens killed after car bomb explodes in market in Peshawar, Pakistan

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Dozens killed after car bomb explodes in market in Peshawar, Pakistan
May 22nd, 2018 in Uncategorized | No Comments

Wednesday, October 28, 2009

Pakistani officials have said that at least 100 people were killed and over 200 injured after a car bomb exploded in a marketplace in the city of Peshawar on Wednesday. The attack was the deadliest in the country in this year.

Initially, large fires were reported to be burning around the marketplace, which was crowded with people. The flames spread easily because there were many stores in the area selling flammable fabrics. Police said the blast was heard throughout most of the city, and the explosion reportedly left a hole in the ground up to ten feet wide.

The Associated Press reported that many of the victims are women.

“There was a huge blast. There was smoke and dust everywhere. I saw people dying and screaming on the road,” said an eyewitness, Mohammad Siddique, to the Agence France-Presse news agency.

Several buildings collapsed as a result of the detonation, and rescue workers searched through the rubble looking for survivors beneath the debris.

Muzamil Hussain, a member of local medical staff, described his experiences to the Associated Press: “There were a lot of wounded people. We tried to help them but there were no ambulances so we took the victims on rickshaws and other vehicles. There were no police. The police and government didn’t help us, the police even opened fire on us.”

“Bodies are scattered and badly burned because of the fire caused by the explosion. The explosion took place in a very crowded market,” Mohammed Naeem, a spokesman for a local ambulance service, said.

Some people expressed anger that the bombings managed to be carried out in broad daylight in a crowded area. “What kind of security alert is this? It was an explosives-packed car. Look at the mosque, it ceases to exist anymore. For God’s sake, do something,” said a local middle-aged shopkeeper, as quoted by the CNN news agency.

A state of emergency at the Lady Reading Hospital in Peshawar, where many of the wounded people were hospitalised, was called soon after the explosion. Hospital officials appealed to the public and to other medical centres for blood donations.

The bomb attack happened just hours after Hillary Clinton, the United States Secretary of State, flew to the nation to discuss peace with Pakistan’s military commanders and political figures. Clinton will be in Islamabad for three days.

Clinton condemned the attack. “These attacks on innocent people are cowardly. They are not courageous. If the people behind these attacks were so sure of their beliefs, let them join the political process,” she said.

The bombing also comes just days after Pakistani military forces captured the town of Kotkai, the hometown of Taliban Chief Hakimullah Mehsud, and one of his top officers, Qari Hussain.

2008 Boao Forum for Asia starts with sectors on economy, environment, and the Internet

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2008 Boao Forum for Asia starts with sectors on economy, environment, and the Internet
May 21st, 2018 in Uncategorized | No Comments

Sunday, April 13, 2008

“2008 Boao Forum for Asia” started two days ago in Bo’ao, Hainan, China, and participated with government and industrial executives worldwide. Because revolutions in the Web 3.0 era have made a major impact on global economy, several elites from the Internet industry like Kai-Fu Lee provided forecasts for this key industry in the forum.

Furthermore, Vincent Siew, the vice-president elect, provided his comments in the forum. But two coalitions (Pan-Blues and Pan-Greens) declared different comments on Siew’s participation.

But due to a hot topic of environment and greenhouse effect, Rajendra Kumar Pachauri, winner of 2007 Nobel Peace Prize, commented on this forum: “There were several sectors on energy-saving, not governments, but the public should play a great role in this global warming era.”

The Pain Of Toddler Constipation

May 21st, 2018 in Home Improvement | No Comments

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By Jeff Foster

If you are a parent there is a pretty good chance that you have dealt with toddler constipation at some point during your child’s life.

This aggravating condition can be painful for your child and frustrating for you as the parent. While adult constipation is defined as when an adult experiences three or less bowel movements during a week, a toddler is different.

A toddler does not have a ‘normal’ number of bowel movements. There are definite patterns to bowel movements and things such as activity level, fluid volume intake, fiber intake and ignoring the urge to defecate all impact the pattern.

[youtube]http://www.youtube.com/watch?v=Jr2slfo3zvk[/youtube]

So if there are times that your child is experiencing constipation, there are a few things that you can do to help resolve the issue. Treatment for toddler constipation can certainly start with prevention.

Dehydration is a rather common reason for toddler constipation. So if your child is not taking in an adequate amount of fluids then their stools can become quite hard. As the stool hardens, it can become difficult to pass. So by working to keep your toddler well hydrated you can help to work towards the prevention of constipation.

Low fiber intake is another challenge when it comes to toddlers. Without an adequate number of grams of fiber per day, your child has an increased chance of becoming constipated. Common and often favorite childhood foods include those such as milk, cheese, and peanut butter, which are known to be constipating. Encourage bulk fiber foods such as wheat bread, whole grain foods and fresh vegetables can help your child to reduce their challenge with constipation.

Ignoring the urge to defecate, which is common in toddlers, can make the problem worse. Kids are busy and often don’t want to bothered taking time out of their busy day to go to the bathroom. This really can become an issue if they have experienced pain with a bowel movement, since it makes them more likely to want to ignore the next urge to have a bowel movement.

Yes, toddler constipation is a common fact of life, so no need to panic. There are lots of options for helping your child effectively manage constipation.

Work with your child’s pediatrician to make sure that you have the best management plan individualized for your child. Here’s to healthy and happy bowel movements for your toddler and ones that lack any evidence of constipation!

About the Author: For more important information on

stomach pain

visit a-stomach-pain.com where you’ll find advice on common stomach pain causes such as

constipation

, ulcers, and more.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=165476&ca=Medicines+and+Remedies

Egyptian train crash at level crossing leaves dozens dead

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Egyptian train crash at level crossing leaves dozens dead
May 21st, 2018 in Uncategorized | No Comments

Wednesday, July 16, 2008

At least forty people are reported to have died and another fifty are injured after an accident at a level crossing in Egypt. A truck failed to stop at the crossing near Marsa Matruh, pushing several vehicles waiting ahead of it onto the tracks.

The train then struck the traffic that was in the way. Two carriages toppled on top of cars, and two more derailed. Thirty-five died at the scene, and five more were pronounced dead in hospital. The death toll has already risen from twenty after more bodies were recovered.

Three vehicles were struck by the service from Matruh to Alexandria, and at least two were crushed underneath it. It is unclear whether the truck was amongst the vehicles hit, or if a bus was involved. A fifth carriage was detached from the train.

Heavy equipment has been dispatched to the scene to remove the carriages, and dozens of emergency vehicles are present. It is feared that more bodies remain in the wreckage. It is unclear if the victims are all Egyptian or if anyone from abroad was on the train.

An investigation has been launched into the disaster, but a witness said that the level crossing is hidden behind a hill, leaving drivers with little time to react.