SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31, -- Ignore unavailable to you. Want to Upgrade?


To: SOROS who wrote (242)9/8/2005 11:45:46 AM
From: SGJ  Read Replies (3) | Respond to of 1694
 
I bought in today at .08. Must be some bad news pending, but took a flyer because I think up to now, this thing looks good.



To: SOROS who wrote (242)9/8/2005 12:08:04 PM
From: Fiscally Conservative  Respond to of 1694
 
Is that little bird being chased by an eagle here and now?



To: SOROS who wrote (242)9/8/2005 12:43:47 PM
From: Joe S Pack  Read Replies (1) | Respond to of 1694
 
Does it have anything to do with todays swoon?
How connected these EFCR guys are to those characters in news?
Any idea?

guardian.co.uk

Ukraine President Dismisses Government

Thursday September 8, 2005 5:01 PM

AP Photo KIV106

By MARA D. BELLABY

Associated Press Writer

KIEV, Ukraine (AP) - President Viktor Yushchenko dismissed his Cabinet Thursday amid swirling allegations of corruption, saying members of the fragile coalition formed after last year's Orange Revolution had turned on one another.

The dissolution of Prime Minister Yulia Tymoshenko's government, coupled with the president's decision to accept the resignation of Petro Poroshenko, the powerful head of the Security and Defense Council, left the president looking increasingly isolated.

Still, Yushchenko appeared at ease as he addressed journalists, even with the resignations of four top-level aides since Saturday.

``I knew that there were definite conflicts between those people ... (but) I hoped that there would not be enough time for intrigues,' Yushchenko said. ``Those were my hopes.'

He made his abrupt move after former Orange Revolution allies leveled accusations of corruption against top presidential aides, including Poroshenko, whose agency controls the military and law enforcement services. Yushchenko called the allegations ``groundless but very strong' and said they demanded a reaction.

``I want people to feel that the government works in harmony ... (but) they lost the team spirit and faith,' Yushchenko said. ``They remain my friends.'

He said he hoped Tymoshenko and Poroshenko would remain part of his team, but insisted they must agree to work together. He did not specify whether this meant he would consider welcoming them back into the government at some point.

``I have spent the last three nights thinking about how to keep together that which has already separated. ... The key issue was the issue of trust,' he said. ``If there had been a possibility to preserve team spirit, to remain together, it would have been the best answer. We had such an agreement and during the night it was changed, but not by me.'

Vitaliy Chepinoga, spokesman for Tymoshenko, refused to comment. ``Let the president speak his mind today; tomorrow we will comment,' he said.

Oleksandr Turchinov, head of the State Security Service and a close Tymoshenko ally, also announced his resignation Thursday, as did Vice Prime Minister Mykola Tomenko.

Tomenko accused Poroshenko and others of corruption.

``I have realized that some people steal and others resign,' Tomenko, who left his post in charge of humanitarian affairs, told a news conference. ``I don't want to bear common responsibility for people who have created a corrupt system.'

On Saturday, Yushchenko's chief of staff, Oleksandr Zinchenko, resigned and leveled charges of corruption against high-level officials, including Poroshenko.

Yushchenko appointed lawmaker Yuriy Yekhanurov, a former economics minister who now heads a parliamentary committee on industrial issues, as acting prime minister.

Yekhanurov, a 58-year-old former deputy prime minister and economics minister, is the governor of the eastern Dnipropetrovsk region.

The political turmoil comes six months ahead of parliamentary elections that could cement the achievements of the Orange Revolution, or roll them back.

Tymoshenko, who controls a powerful bloc in parliament, was considering her next move, which could be to go into opposition to the president, according to her ally, Valentyn Zubov.

``The thing that the president did today can only be called a betrayal,' said Zubov, who speaks on behalf of Tymoshenko's parliamentary faction.

Yushchenko rose to power on the crest of last year's massive protests that became known as the Orange Revolution. Poroshenko, a confectionary tycoon, helped fund and publicize them through his Channel 5 television channel, and Tymoshenko became known as a heroine of the protests. She regularly addressed the nation from Independence Square, and her popularity today continues to rival that of Yushchenko.

Yushchenko said that conflicts between Poroshenko and Tymoshenko ``became the everyday agenda.'

``The president must not be a governess who has to settle relations between them,' he said, adding that the trust between his partners ``was zero.'

Oleksandr Lytvynenko, a political analyst with the Razumkov think tank, said the government's dismissal would hurt Yushchenko.

``Doubts had already emerged about his ability to make decisions, which are beginning to damage his image not only in Ukraine, but also abroad,' he said.

In Berlin, Russian President Vladimir Putin said he had spoken to Yushchenko by telephone and said there was no reason to ``dramatize' the situation.

``There is nothing unusual in a president dismissing a government,' said Putin, who fired his own prime minister last year.

Unlike in a parliamentary democracy, the Ukrainian prime minister does not lead the country but is responsible for coordinating the work of other ministries.

Georgian President Mikhail Saakashvili, who benefited from a similar uprising in the former Soviet republic, praised Yushchenko as ``a true brother' who knows ``exactly at the decisive moment what must be done.'

Poroshenko said he was resigning so as not to appear to put pressure on the investigation into Zinchenko's accusations.

Yushchenko had ordered an inquiry into the allegations, and Ukraine's Security Service on Thursday ordered a special commission to be set up to investigate all corruption allegations against high officials. That was a sign that the government, which took power on a pledge to end the corruption that tainted former President Leonid Kuchma's rule, was intent on fulfilling its promise.



To: SOROS who wrote (242)9/8/2005 12:50:09 PM
From: Joe S Pack  Respond to of 1694
 
Is this considered negative for Ukraine?

E.On, BASF sign gas pipeline deal with Gazprom

Last Update: 11:59 AM ET Sept. 8, 2005


BERLIN (MarketWatch) -- E.On AG (EON) and BASF (BF) unit Wintershall AG (WSL.YY) Thursday said they've signed a deal to build a gas pipeline with Russia's OAO Gazprom (GSPBEX.RS) connecting Russia and Germany via the Baltic Sea.

Under the agreement, the three companies will form a joint-venture called North European Gas Pipeline Company, in which Gazprom will hold a 51% stake while BASF and E.On will split the remaining stake at 24.5% each.

The new gas pipeline is expected to go on-stream in 2010, with an annual transport capacity of 27.5 billion cubic meters. The companies said however, that a second planned pipeline could double the capacity to around 55 bcm a year.

Overall costs for two pipelines would be above EUR4 billion the companies said. They didn't however disclose total costs for the first pipeline.

The pipeline will stretch over more than 1,200 kilometers. It will begin near the northwestern Russian town of Vyborg and terminate near Germany's northeastern city of Greifswald.

Germany's Chancellor Gerhard Schroeder and Russian President Vladimir Putin both attended the signing ceremony in Berlin and underlined the strategic importance of the deal in regards to German-Russian relations in energy issues.

"I regard this (deal) as a decisive step toward securing our energy supply, particularly in the current situation," Schroeder said in a speech to Germany's lower house of parliament Wednesday.

However, the German-Russian gas pipeline deal has provoked opposition elsewhere - from Poland, in particular - because the North European Gas Pipeline will bypass existing routes through Poland, Belarus and the Ukraine.

Poland currently earns transit fees from users of gas lines crossing its territory.

Polish Prime Minister Marek Belka Thursday voiced concerns about the pipeline at a panel discussion at the economic forum in Krynica in Poland

"Obviously we're very unhappy. This is certainly a problem for us, and it remains to be seen whether this is a political problem or a real economic problem. I think it's political - it's a demonstration by Putin and the Russian government to show the strength of Russian foreign policy," Belka said.

Schroeder tried to calm fears such as Poland's.

"This partnership isn't aimed against anyone," he said.

Instead, Schroeder hailed the deal as "truly historic" in creating a "new quality of cooperation (between Russia and Germany) in the energy sector".

Russian President Putin also welcomed the deal.

"The main parameters of the project are truly impressive," Putin told reporters at a press conference after the signing of the deal.

He mentioned there were plans for offshoots of the pipeline to Sweden and Finland as well as the Russian Baltic Sea enclave of Kaliningrad, which would result in the pipeline stretching 1,200 kilometers.

Additionally, the companies are considering an option to extend the pipeline to the Netherlands and to Bacton in the U.K., Putin said. In this case the pipeline would cover around 3,000 kilometers, Putin said.

An extension of the pipeline to Britain would result in the pipeline having gas transport capacity of 55 billion cubic meters a year, Putin said.

Putin pegged the total cost for the first pipeline, which connects Russia with Germany via the Baltic Sea, at around $2 billion.

The complete project, including the extension to the U.K., would cost EUR5.7 billion