| SGPC again expands itself
The SGPC today promoted five employees as assistant secretaries and two as additional secretaries, making the mini parliament of the Sikhs top-heavy. Avtar Singh today issued the promotion orders, which were his first order after becoming SGPC president for the third consecutive year. Interestingly, the SGPC had four full-fledged secretaries against one post during the tenure of Gurcharn Singh Tohra, who reigned the SGPC for 27 years. With the new promotions, the number of assistant secretaries and additional secretaries has risen to 15 and eight, respectively. Though the SGPC chief has claimed that the promotions will not put any additional burden on the exchequer of the SGPC, insiders say the newly promoted employees will be entitled to use the additional facilities like telephone, official vehicle etc.
Boeing vs. Airbus: The Plot Thickens
Richard L. Aboulafia is vice president of analysis at Teal Group Corporation. He manages consulting projects in the commercial and military aircraft fields and analyzes broader defense and aerospace trends. He has advised numerous companies, including most prime and many second- and third-tier contractors in the United States, Europe, and Asia. He also writes and edits Teal Groups World Military and Civil Aircraft Briefing, a forecasting tool covering over 135 aircraft programs and markets. Before joining the Teal Group in 1990, Mr. Aboulafia analyzed the jet engine market at Janes Information Group, served as an aerospace industry consultant for an international trade advisory company, and supported research projects at the Brookings Institution. Mr. Aboulafia writes about aviation and defense and has published numerous articles in Aviation Week and Space Technology, Financial Times, Military Technology, Avmark Aviation Economist, Janes Intelligence Review, and the Asian Wall Street Journal.
INVISIBLE HAND How Top Watchmakers Intervene in Auctions
See Corrections & Amplifications item below. GENEVA -- In the rarefied world of watch collecting, where Wall Street investment bankers and Asian millionaires buy and sell at auctions, a timepiece can command a higher price than a luxury car. At an April event here, a 1950s Omega platinum watch sold for $351,000, a price that conferred a new peak of prestige on a brand known for mass-produced timepieces. Watch magazines and retailers hailed the sale, at an auction in the lush Mandarin Oriental Hotel on the River Rhone. Omega trumpeted it, announcing that a "Swiss bidder" had offered "the highest price ever paid for an Omega watch at auction." What Omega did not say: The buyer was Omega itself. .
Cinar wants stockbroker documents
A lawyer directing litigation for Cinar Corp. says he plans to renew efforts to obtain documents relating to two Montreal stockbrokers and the role they played in the scandal-plagued Norshield Financial Group. Wesley Voorheis, head of the Cinar litigation committee, said he intends to revise a lawsuit against the Royal Bank of Canada to refer to a pair of former RBC Dominion Securities brokers named Konstantine (Kosta) Dariotis and Alfonso Fiumidinisi. Ontario Superior Court Justice James Spence denied Cinar access to RBC documents relating to the brokers in September, stating that Cinar's arguments in its lawsuit were "not sufficiently specific to raise an issue relating to the named individuals." At the same time, Spence ordered the bank to produce documents relating to its dealings with Norshield and closely related companies in the Bahamas known as Globe-X Canadiana and Globe-X Management, where $121 million U.S.
War Civil
Many have fled their homes towards the Ugandan border. Sunday, June 24: Kamala Sarup: How Can We Prevent Violence? Political, socio-economic, corruption and ideological factors that must be addressed for the violence to be finally resolved. Monday, June 11: Rachel Neuwirth: The Hard Hand of War "We cannot change the hearts and minds of those people of the South, but we can make war so terrible ... [and] make them so sick of war that generations would pass away before they would again appeal to it." Saturday, May 19: Kamala Sarup: US policy has always been the same (5 comments) US Freedom and democracy means that the general population has control of the legislators. I think, post-World war two US policy has remained the same as pre-World war two US policy.
Tech Titans Get Cold Shoulder
Microsoft finished Friday's session down 4 cents to $32.90, despite the strong quarter. And the slightest hint of weakness has triggered big selloffs, as Intel (INTC - Cramer's Take - Stockpickr) and Apple (AAPL - Cramer's Take - Stockpickr) discovered. Both stocks have suffered double-digit percentage drops since reporting earnings. Thrivent Financial fund manager Mike Binger believes the Street is in an all-good-things-must-come-to-an-end mindset. "Whenever you come off a successful year, people tend to think that the forward period may not be as successful as the past year," says Binger. "2007 was a very good year for tech, and because of that strength, the market is kind of sensing a slowdown in the first part of '08. People are sensing more of a reversion to the mean than the actual data has played out yet," he says.
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