Monday, August 31, 2009

Chinese chopper violated airspace: India


NEW DELHI: Chinese incursions across the Line of Actual Control in the north and east of India are causing some concern in New Delhi.

But India has decided not to push these incidents till the time the Chinese show restraint and caution. Brig (retd) Arun Sehgal says, "It appears that New Delhi has decided to not push the issue militarily though we have the capability." The Press Trust of India in an exclusive story has revealed that two Chinese helicopters reportedly violated the Indian air space in recent months in the Leh area of north Jammu and Kashmir during which they airdropped some canned food in barren land at Chumar, northeast of this Himalayan town, along the border.

They have added the MI series helicopters that entered Indian airspace on 21 June were reported to the nearby defence post by residents of the high- altitude area living along the Pangong lake, prompting the Army Aviation Corps to rush its Cheetah and Chetak helicopters.

Sources told Mail Today that these are disputed areas on which competing claims exist of both China and India.

Courtesy: GEO.TV

Business: Disney to buy Marvel in $4bn deal


The deal means Disney will take over ownership of 5,000 Marvel characters, such as Spider-Man and the X-Men.

Marvel shareholders will get $30 per share in cash plus 0.745 Disney shares for every Marvel share owned.

The boards of Disney and Marvel have both approved the deal, which now needs the backing of Marvel shareholders and competition authorities.

Marvel shares were ahead $9.76, or 25%, to $48.41 in midday trading while Disney shares fell 94 cents, or 3.5%, to $25.90.


"We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation," Disney president and chief executive Robert Iger said.

"We are pleased to bring this talent and these great assets to Disney."

Other Marvel's characters include Captain America, the Fantastic Four and Thor.

"Disney is the perfect home for Marvel's fantastic library of characters given its proven ability to expand content creation and licensing businesses," said Marvel chief executive Ike Perlmutter.

"This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney's tremendous global organization and infrastructure around the world," he added.

source: http://news.bbc.co.uk/2/hi/business/8230504.stm

Thunderstorm cripples KESC network


KARACHI: A heavy thunderstorm on Sunday crippled the city’s fragile electricity network, causing power outages in many areas as around 180 feeders were not operational.

There were reports that several citizens in some areas had been electrocuted by live wires falling into pools of rainwater.

People were cautioned by the KESC to stay away from pools of water on the road in order to lessen the risk of electrocution.

The power supply to many areas was switched off soon after the first raindrops fell across the city as a ‘protective measure,’ even though the KESC claimed that none of its grids were affected by the rain.

A KESC spokesman claimed that there was no load-shedding on Sunday as demand and supply both stood at 1,700MW. He said all grids were normal and that the system was stable.

Sources, however, said that there was no electricity in Gadap and parts of Malir, Orangi, Landhi, Lyari, Shah Faisal, Gulistan-i-Jauhar, Gulshan-i-Iqbal, North Karachi, Nazimabad, Defence Phase I, and areas near Hub.

KESC authorities said they were mounting repair and rehabilitation work to remove faults.

The KESC spokesman claimed that the figures of feeders affected by the rain were exaggerated by the media and at the time of filing of this report ‘less than 30 out of a total of 1,106 feeders’ were to be normalised.

Meanwhile, business and industry leaders have taken strong exception to the KESC CEO’s remarks on power theft. Naveed Ismail, the utility’s CEO, had on Saturday alleged that businessmen and industry leaders were involved in power theft. The leaders maintained that industry was the major contributor of revenue to the KESC as it was among the major payers of bills. They said that to malign the entire community was ‘unfair’.

It may be pointed out that the KESC had mortgaged receivables from 400 leading industrial consumers with a bank in the past and it is maintaining a strong vigil on major energy consumers. The SITE Association’s Chairman, Engineer M.A. Jabbar, was extremely perturbed over the remarks of the KESC CEO and said that the utility ‘must put its own house in order and expose those involved in alleged power theft’.

He added that without ‘insiders’ connivance one cannot cut live wires or bypass meters’.

He said that industrialists were not opposed to a campaign against power theft, but felt it was a cover-up to deflect attention from the utility’s failure to meet the Sept 15 deadline given by the government to revamp its system in four towns of the city.

He also slammed the KESC CEO’s reasoning of linking an end to load-shedding with the public’s cooperation in a drive against power thieves. He urged the utility to fulfil its primary obligation of providing uninterrupted power supply, the lack of which had ‘ruined Karachi’s industry’.

Soure: http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/news/pakistan/metropolitan/09-thunderstorm-cripples-kesc-network---szh-03

Saudi tightens security to protect oil plants


KHOBAR: Saudi Arabia has tightened security at oil facilities after the country's anti-terror chief, Deputy Interior Minister Prince Mohammed bin Nayef, escaped a suicide attack, guards at Abqaiq, the world's biggest oil processing plant, said yesterday.

"Thursday night we received a call to tighten security and car inspection at all gates," one guard said. "Even Aramco employees undergo inspection. There's a lack of trust as militants disguised in Aramco's cars attacked the facility in 2006," he said.

Interior Minister Prince Nayef yesterday defended the policy of enticing "repentant" militants after one tried to assassinate his son, but warned there could be more attacks ahead.