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Dallas Regional Chamber Announces 2011 Chairman of the Board

Post n°11 pubblicato il 27 Gennaio 2011 da rdhouyjekpct
 

DALLAS, Jan. 26, 2011 – W. Mike Baggett, Chairman Emeritus, Winstead PC

DALLAS, Jan. 26, 2011 /PRNewswire-USNewswire/ -- The Dallas Regional Chamber announced its 2011 Chairman of the Board at the Annual Meeting on January 26, W. Mike Baggett, Chairman Emeritus, Winstead PC. Baggett assumed the chairmanship January 26.

The Chamber also announced its new board of directors for the 2011 year including the 2012 Chairman elect, Clint McDonnough, Dallas Office Managing Partner, Ernst & Young LLP.

Baggett served as Winstead PC's Chairman and CEO from 1991 through 2006, and is presently Chairman Emeritus. A shareholder in the firm's Litigation & Dispute Resolution Dept., and Commercial Litigation Practice Group, Baggett specializes in complex litigation and workout matters. He is a well known author and has spoken on more than 100 occasions. He graduated from Texas A&M University with a BBA in Accounting in 1968 (Distinguished Alumni, 1998); was a 1st Lieutenant in the U.S. Army 1968-1970 (Bronze Star Award for Viet Nam service, 1970), earned his law degree at Baylor Law School (cum laude) in 1973, and clerked for Judge Price Daniel, Texas Supreme Court, 1973-1974.

The Dallas Regional Chamber is the area's leading membership-driven business organization committed to promoting economic prosperity by leading economic development, driving improvements in public education, influencing public policy, and catalyzing and advocating for regional partnerships. The Chamber works to ensure that the Dallas region will become the most economically prosperous region - and the most desirable place to live and work - in the United States. The Chamber is a not for profit organization comprised of businesses which represent all facets of the North Texas business community. For more information, please contact the Dallas Regional Chamber at (214) 746-6600 or visit

The following 7 individuals have joined to the Board of Directors in 2011, making the total number of members 93:

Sudipta Bhattacharya, President & CEO, Invensys Operations Management

Robert Estrada, Chairman, Estrada Hinojosa & Company, Inc.

Kenneth Menges, Partner-In-Charge, Dallas Office, Akin Gump Strauss Hauer & Feld, LLP

John Puckett, Senior Partner & Managing Director, The Boston Consulting Group

Dr. Ann Stuart, Chancellor & President, Texas Women's University

James Washington, Publisher, The Daily News

Fritzi Woods, President & CEO, Women's Foodservice Forum

Contact: Lauren Parsons

Communications Director

Direct Line: 214-746-6690

lparsons@dallaschamber.org

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Egyptians denounce Mubarak, clash with riot police

Post n°10 pubblicato il 26 Gennaio 2011 da rdhouyjekpct
 
Tag: basso

CAIRO – Egyptian police fired tear gas and rubber bullets and beat protesters to clear thousands of people from a central Cairo square Wednesday after the biggest demonstrations in years against President Hosni Mubarak's authoritarian rule.

Two protesters and a police officer were killed in the nationwide demonstrations inspired by Tunisia's uprising, which also demanded a solution to Egypt's grinding poverty and were likely to fuel growing dissent in a presidential election year.

Mobilized largely on the Internet, the waves of protesters filled Cairo's central Tahrir — or Liberation — Square on Tuesday, some hurling rocks and climbing atop armored police trucks.

"Down with Hosni Mubarak, down with the tyrant," chanted the crowds. "We don't want you!" they screamed as thousands of riot police deployed in a massive security operation that failed to quell the protests.

As night fell, thousands of demonstrators stood their ground for what they vowed would be an all-night sit-in in Tahrir Square just steps away from parliament and other government buildings — blocking the streets and setting the stage for even more dramatic confrontations.

A large security force moved in around 1 a.m. Wednesday, arresting people, chasing others into side streets and filling the square with clouds of tear gas. Protesters collapsed on the ground with breathing problems amid the heavy volleys of tear gas.

The sound of what appeared to be automatic weapons fire could be heard as riot police and plainclothes officers chased several hundred protesters who scrambled onto the main road along the Nile in downtown Cairo. Some 20 officers were seen brutally beating one protester with truncheons.

"It got broken up ugly with everything, shooting, water cannon and (police) running with the sticks," said Gigi Ibrahim, who was among the last protesters to leave the square. "It was a field of tear gas. The square emptied out so fast."

Ibrahim said she was hit in her back with something that felt like a rock. "Some people were hit in their faces."

Some protesters turned violent amid the crackdown. They knocked down an empty white police booth and dragged it for several yards before setting it on fire, chanting that they want to oust the regime. A police pickup truck was overturned and set ablaze behind the famed Egyptian Museum. Protesters also set fire to a metal barricade and blocked traffic on a major bridge over the Nile.

Police at the bridge fired tear gas and protesters mounted a charge, forcing officers to retreat, though they quickly regrouped. Two protesters with bleeding head wounds were carried off in ambulances.

Well after midnight, the smell of tear gas drifted throughout central Cairo and riot police remained deployed in large numbers. Tahrir Square looked like a battlefield covered with rocks and debris. The gates of the ruling party headquarters near the square were smashed.

Scattered groups of protesters were holding out in several areas. Many were chased by police vehicles into the Shubra neighborhood, where the streets were strewn with rocks in a sign of a heavy confrontation.

Discontent with life in Egypt's authoritarian police state has simmered under the surface for years. However, it is Tunisia's popular uprising, which forced that nation's autocratic ruler from power, that appears to have pushed young Egyptians into the streets, many for the first time.

"This is the first time I am protesting, but we have been a cowardly nation. We have to finally say no," said Ismail Syed, a hotel worker who struggles to live on a salary of $50 a month.

"We want to see change, just like in Tunisia," said 24-year-old Lamia Rayan.

Dubbed a "day of revolution against torture, poverty, corruption and unemployment," Tuesday's protests in cities across Egypt began peacefully, with police at first showing unusual restraint in what appeared to be a calculated strategy to avoid further sullying the image of a security apparatus widely criticized as corrupt and violent.

With discontent growing over economic woes and the toppling of Tunisia's president resonating in the region, it was an acknowledgment of the need to tread softly by an Egyptian government that normally responds with swift retribution to any dissent.

But as crowds filled Tahrir Square — waving Egyptian and Tunisian flags and adopting the same protest chants that rang out in the streets of Tunis — security personnel changed tactics and the protest turned violent.

At one point, demonstrators attacked a water cannon truck, opening the driver's door and forcing the man out of the vehicle. As protesters hurled rocks and dragged metal barricades, officers beat them back with batons.

Protesters emerged stumbling amid clouds of acrid tear gas, coughing and covering their faces with scarves. Some had blood streaming down their faces. One man fainted. Police dragged some away and clubbed a journalist, smashing her glasses and seizing her camera.

The sight of officers beating demonstrators had particular resonance because Tuesday was a national holiday honoring the much-feared police.

Like the Tunisian protests, the calls to rally in Egypt went out on Facebook and Twitter, with 90,000 people voicing their support. Throughout the day organizers used Twitter to give minute-by-minute instructions about where to gather in an attempt to outmaneuver the police, until the government blocked it in the late afternoon.

Twitter announced that its service had been blocked in Egypt at about 11 a.m. EST (1600 GMT), and said that Twitter and its applications had been affected.

After remaining silent throughout the day, Egypt's government called Tuesday night for an end to the protests. The Interior Ministry, which controls the security forces, said authorities wanted to let the protesters express their opinions and accused the crowds of "insisting on provocation."

"Some threw rocks at police ... and others carried out acts of rioting and damage to state institutions," it said. The ruling party said some 30,000 protesters had turned out across the country.

"Egyptians have the right to express themselves," said Egypt's Foreign Ministry spokesman, Hosam Zaki.

In Washington, Secretary of State Hillary Rodham Clinton said Egypt's government, a key U.S. ally in the Middle East, was stable and Egyptians have the right to protest, though she urged all parties to avoid violence.

The dead in Tuesday's violence included a policeman who was hit in the head with a rock in Cairo, and two protesters who died in the city of Suez east of Cairo, an Interior Ministry official said.

Nearly half of Egypt's 80 million people live under or just above the poverty line, set by the U.N. at $2 a day. The widespread poverty, high unemployment and rising food prices pose a threat to Mubarak's regime at a time when tensions between Muslims and Christians are adding to the nation's woes.

"I support change," said Sami Imam, a 53-year-old retired teacher who took part in Tuesday's protests. "The police cannot kill us because we, to all practical purposes, are already dead," said the father of four, clutching Egypt's red, white and black flag.

"I have not visited the butcher in six months," he said, in a reference to Egypt's rising meat prices.

Adding to the uncertainty is that Mubarak, 82 and ailing, has yet to say whether he plans to run for another six-year term in office. Mubarak has not appointed a deputy since he became president in 1981 and is widely thought to be grooming his son Gamal to succeed him.

The protests also follow a parliamentary election marred by allegations of widespread fraud that saw Mubarak's ruling National Democratic Party win all but a small number of the chamber's 518 seats.

In recent weeks, Mubarak and his son have repeatedly vowed to ensure that ambitious economic reforms engineered by the younger Mubarak over the past decade filter down to the poor. But that has not happened and there has been a marked increase in the frequency of street protests over the economy.

In another parallel with Tunisia, the protests drew energy from the death of a single young man: a young Egyptian named Khaled Said whose family and witnesses say was beaten to death by two policemen in Alexandria last year. His slaying has become a rallying point for Egypt's opposition.

Tunisia's protests were also sparked by a single death, that of a poor Tunisian vegetable vendor who set himself on fire to protest corruption. That act has been copied by at least six people in Egypt.

On Tuesday, mothers carrying babies joined protesters who chanted, "Revolution until Victory!" and waved signs reading "OUT!" inspired by the Tunisian slogan "DEGAGE!" Men sprayed graffiti reading "Down with Hosni Mubarak."

Some passers-by dismissed the protests, saying a few thousand of Cairo's 18 million people coming out on the streets was not nearly enough to force change.

"This is all just a waste of time," said Ali Mustafa Ibrahim, who works at a cigarette stand. "These are a bunch of kids playing cat and mouse. ... It's just going to create more problems and more traffic in the city."

Among the protesters in Cairo was Alaa al-Aswany, author of the best-selling "Yacoubian Building," which portrays corrupt politicians, police brutality and terrorism in Egypt.

A keen observer of Egyptian society, al-Aswany said the demonstrations were an important opening for the government's opponents.

"They broke the barrier of fear," he said. "The writers of the regime were saying Egypt is not Tunisia and Egyptians are less educated than Tunisians. But here is the thing: these young people proved they can take their rights forcefully."

___

Associated Press reporters Maggie Michael, Sarah El Deeb, Hadeel al-Shalchi and Ben Curtis contributed to this report from Cairo.

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Q+A: Will Obama talk tax reform in State of the Union?

Post n°9 pubblicato il 26 Gennaio 2011 da rdhouyjekpct
 

WASHINGTON (Reuters) – President Barack Obama has proposed revamping the dizzying U.S. tax code and many observers are eyeing his State of the Union address on Tuesday for signs of his commitment.

Presidential leadership is essential for such a politically and economically complex task, last successful after Republican President Ronald Reagan struck a deal with congressional Democrats for a major code rewrite in his second term in 1986.

Reagan used a State of the Union address to publicly direct advisers to make recommendations for a tax code rewrite and made it a top priority.

With Obama half way through his first term and a new election campaign looming, many see the next two years as a ground-laying phase, leaving legislation for a second term.

Here are some key questions and elements of the debate:

WHY ARE PEOPLE TALKING ABOUT TAX REFORM NOW?

The fledgling economic recovery and concerns about annual deficits topping $1 trillion have pushed a tax overhaul up the economic agenda. Many budget experts note that both individual and corporate taxpayers are spending more money each year to prepare taxes -- while the government is getting less efficient at collecting.

Among the loudest voices of complaint are from big corporations, who blast the top 35 percent marginal rate, the highest in the industrialized world. Many economists and Obama officials agree with their argument that the high rate makes the U.S. less attractive relative to its peers.

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Algeria to host N. African talks with United States

Post n°8 pubblicato il 29 Novembre 2010 da rdhouyjekpct
 
Tag: gaetani

ALGIERS (AFP) – Algeria will on Wednesday welcome delegates from the United States and north African countries for a two-day seminar to encourage business opportunities, the APS news agency announced on Monday.

"This meeting is the direct result of the presidential summit on business organised by President Barack Obama in April in Washington," US Assistant Secretary of State for Economic, Energy and Business Affairs Jose W. Fernandez told the state-run APS from Washington.

When Obama late in April met about 50 businessmen from Muslim countries for talks about economic development, a series of partnerships was announced.

The Algiers conference is "the follow up of work to encourage entrepreneurship and create regional partnerships," added Fernandez, who was due to arrive in the capital Monday heading a delegation of officials and businessmen.

The conference, organised by the US State Department, will bring together heads of local companies from five north African, or Maghreb, nations -- Algeria, Libya, Mauritania, Morocco and Tunisia -- with the US visitors.

According to APS, Fernandez described the gathering as "an important step forward in promoting the culture of a business spirit in Algeria and in the Maghreb, by creating a trading environment more favourable to the private sector."

The US official will be visiting Tunisia, Libya and Morocco after his four-day stay in Algiers. He told APS that Algeria has "an enormous potential for American investors" outside the domain of oil and gas, which are the country's main exports.

The US senior director for global engagement at the national security staff, Pradeep Ramamurthy, said in Algiers last July that Washington wants to "strengthen economic ties with Algeria and the Maghreb by way of a long-term partnership but also cooperation in the domains of science and of health."

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BA, Iberia shareholders approve $8.9 bln merger

Post n°7 pubblicato il 29 Novembre 2010 da rdhouyjekpct
 
Tag: festa

LONDON – Shareholders in British Airways PLC and Iberia SA have approved a 5.7 billion pound ($8.9 billion) merger that will create Europe's third-largest airline.

More than 99 percent of shareholders from both airlines on Monday voted in favor of the deal — a result that was announced at investor meetings in London and Madrid.

The two airlines announced the merger earlier this year as a way to survive in an industry facing falling demand from both business and leisure travelers in the wake of the global credit squeeze.

BA Chairman Martin Broughton told investors at the meeting in Westminster, central London, that the deal had a "compelling, strategic and financial logic" and would benefit staff, passengers and shareholders.

Only around 30 BA shareholders attended the meeting because of a strike on the London Underground rail network and a cold snap that has brought early snow across the country, but proxy votes left the result in no doubt.

BA Chief Executive Willie Walsh said the merger — BA shareholders will hold 56 percent of the company, Iberia's the remainder — would ensure BA could compete effectively with low-cost carriers.

The airlines expect annual synergies worth some (EURO)400 million ($529 million) starting the fifth year following the merger.

In Madrid, Iberia Chairman Antonio Vazquez said it was a "historical agreement that will create a global group to lead a future consolidation process in the airline business."

The merged Iberia and BA group will rank behind Germany's Lufthansa AG and Air-France KLM in revenue terms.

The new holding company will be called International Airlines Group, a moniker that Walsh has said is deliberately vague to allow it to snap up other carriers when the time is right.

BA last year abandoned merger talks with Australia's Qantas Airways, but Walsh said in September that he had a target list of around 12 carriers.

The pair also plan to expand their oneworld alliance with American Airlines, a proposal that has angered rival carriers, including Richard Branson's Virgin Airways. Strict U.S. antitrust laws currently bar a full-scale merger with the U.S. airline, but the trio still plan to set prices together and share seat capacity on trans-Atlantic flights.

International Airlines Group will be registered in Madrid, where its board of directors and shareholders meetings will be held. Its financial and operational headquarters will headquartered in London and run by Walsh. Trading in the holding company's shares is expected to begin on the London Stock Exchange in late January.

Each airline will retain its existing brand for commercial purposes.

The combined group will have a fleet of 406 aircraft, carrying around 57 million passengers a year. Annual revenue is estimated at around 12 billion pounds.

Between them, the two carriers fly to more than 250 destinations. A key benefit for BA is Iberia's greater access to South American routes, while Iberia in return will gain from BA's more extensive North American operations.

The merger approval comes at the end of a difficult year for BA, which still faces an unresolved pay dispute with its cabin crew that resulted in several days of strike action earlier this year.

But the deal has overcome another potential hindrance — BA's large pension deficit. Iberia, which had the right to walk away from the merger if it was unhappy with BA's plan to deal with a pension fund deficit of 3.7 billion pounds, said in September it was happy with BA's plan to tackle the funding gap.

BA shares are down 0.1 percent at 271.6 pence in London, while Iberia stock was 0.2 percent lower at (EURO)3.20 in Madrid. Both markets were trading broadly negatively.

___

Associated Press writer Ciaran Giles contributed to this report from Madrid.

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