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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (95294)	11/13/2010 6:58:29 PM
From: lorne	Read Replies (3) \| Respond to of 224848

not only will Americans thanks to hussein obama be working for China looks like they will also be working for moslums...now won't that be special...all females will be require to wear burkas on the assembly line? Kuwait could buy GM stake Carmaker in talks with several sovereign wealth funds in Mideast for offering Gulf News Report Published: November 7, 2010 gulfnews.com GM on Wednesday disclosed estimated terms for its planned IPO, in which some $15 billion (Dh55.05 billion) of stock could be sold and the US government would reduce its stake to below 50 per cent. Image Credit: APKuwait City: The Kuwait Investment Authority, Kuwait's sovereign wealth fund, may participate in General Motors Co's planned initial public offering if it is feasible for the fund, its managing director said Saturday. "Last week, they announced the price range, which is the valuation range," Bader Al Saad told reporters in Kuwait City. "We have to review if it is feasible for us. If it is feasible for us we will look into it. If it is something cheap, we are interested of course," Al Saad said. GM on Wednesday disclosed estimated terms for its planned IPO, in which some $15 billion (Dh55.05 billion) of stock could be sold and the US government would reduce its stake to below 50 per cent. Current owners of the company, including the US Treasury Department, plan to offer at least 365 million shares at a projected $26 to $29 each, according to a filing with the Securities and Exchange Commission. The final price, which should be set around on next Wednesday, could be higher or lower than this range, depending on market demand. High cycle In addition to the common stock being sold by the current owners, GM plans to sell 60 million shares of preferred stock for an estimated $50 each. General Motors is currently approaching several sovereign wealth funds in the Middle East for its planned IPO of the "new GM" this month, Gulf News has learnt from people who are involved in the talks. Among them are Saudi Arabia's Kingdom Holding, Abu Dhabi's Mubadala as well as Qatar Holding. Besides that, GM is also talking to Singapore's Tem-asek Holdings, the investment arm of the Singapore government. There are also talks that GM's Chinese partner Shanghai Automotive Industry Corp might buy a larger stake. GM's Chief Financial Officer Chris Liddell, pitching investors on its initial public offering, said on Thursday earnings before interest and taxes may rise to as much as $19 billion in what it called a "high cycle" for the global automobile industry. GM, planning to raise as much as $10.6 billion in the IPO, has reduced its hourly labour costs and will be able to produce as much as $16 billion in free cash flow with profit margins as wide as 10 per cent, Chief Financial Officer Chris Liddell said. The old General Motors Corp was restructured in a US-backed bankruptcy last year, allowing the Detroit-based automaker to earn as much as $4.2 billion through three quarters this year. "This will give us the type of fortress balance sheet that we believe is appropriate for a company in a high fixed-cost, cyclical industry," Liddell said.

To: MJ who wrote (95294)	11/14/2010 11:24:56 AM
From: lorne	2 Recommendations Read Replies (1) \| Respond to of 224848

MJ...Maybe a change coming? National Interest Chicago High School Uses 'Straight Pride' Shirts for Rights Education By Joseph Bland Published November 12, 2010 \| FoxNews.com foxnews.com A Chicago high school has decided to allow a small group of students to wear "Straight Pride" T-shirts, despite resistance from other students who say they found the clothing offensive on a week that the school was bringing attention to the bullying of gays, lesbians and transgenders. A spokesman for St. Charles North High School says the decision was intended to be an educational moment. “Considering they’re teenagers and becoming more socially aware, we need to do our job as educators,” Director of School and Community Relations Jim Blaney told FoxNews.com. “We need to help students find their way through this new world.” The controversy started on Monday when the high school began “Ally Week," a program in which students demonstrate their alliance against the bullying of gay students. Three students came to school wearing "Straight Pride" T-shirts bearing the Bible quotation, "If a man lay with a male as those who lay with a woman, both of them have committed an abomination and shall surely be put to DEATH," which appears in Leviticus 20:13. Several students complained, and the “administration had to determine if the students were posing physical or emotional threats, and that wasn’t the case,” Blaney said. “The discussion they had was that, while you certainly have a right to express your opinion via a T-shirt, please understand that your message can be perceived as hurtful.” The students agreed to cross out the message with a permanent marker, but when two different students came to school the next day with homemade “Straight Pride” shirts without the Bible quotation, they were asked to cover them with sweatshirts. Although the two students complied with the request, they said they weren’t satisfied with how their free speech rights were being treated. "I was shocked," Jake Pezzuto, a senior, told the Daily Herald. "There is clearly a double standard here, and we're really upset about this. "They said the reason we can't wear 'Straight Pride' shirts is because they are disruptive. And I can understand how maybe some people were intimidated by the shirts with the Bible verse. But I don't understand how some students are able to wear 'Gay Pride' shirts while we can't wear shirts that just say 'Straight Pride.'" The incident also sparked a controversy among St. Charles students on the other side, including Amanda Harshbarger, who started a Facebook group titled “SCN Students Against Bullying” to get students to express their thoughts on the matter. "That's where the bad feelings started, because they chose to wear the shirts on a day specifically about gay teen suicide," Harshbarger told the Daily Herald. "What the shirts said were making kids feel violated and intimidated." Harshbarger was joined by more than 150 students in the group, who all plan to meet with the Board of Education in December to discuss future action plans for these situations. Despite the reaction among students, Blaney says the school never considered harsher disciplinary action for the five students. “Discipline is the last thing we do when dealing with students,” Blaney said. “While you certainly have your rights to free speech, you also need to know that with that right, comes responsibility.” “The important thing is, even if someone is on the opposite side, you need to respect their opinion.”