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Posts Tagged ‘proceed’

New York imam says Islamic center will proceed

The U.S. imam leading plans for an Islamic center near the site of the September 11 terrorist attacks in New York says the project will continue. In an opinion piece published in Wednesday’s New York Times newspaper, Imam Feisal Abdul Rauf said the debate about the center reflects American values, including “recognition of the rights of others, tolerance and freedom of worship.”

Yangzijiang to proceed with share sale to Qatari wealth fund

Yangzijiang Shipbuilding (Holdings) will move ahead with a planned share sale to QD Asia Pacific without needing to complete an earlier purchase agreement, according to a stock exchange statement.

Yangzijiang will place 83.55 million new shares with QD Asia, a unit of Qatari sovereign wealth fund Qatari Diar Real Estate Investment Co., at $1.295 a share, according to the statement.

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Overseas Union won’t proceed with convertible bonds: Update

Overseas Union Enterprise, a Singapore-based hotel and shopping center operator, won’t proceed with a planned sale of convertible bonds due to market conditions, according to a Singapore stock exchange statement.

The company said May 31 it would sell as much as $200 million of convertible notes due 2015 and earlier this month said its controlling shareholder, Golden Concord Asia, would sell up to 52 million shares.

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Overseas Union won’t proceed with convertible bonds

Overseas Union Enterprise, a Singapore-based hotel and shopping center operator, won’t proceed with a planned sale of convertible bonds due to market conditions, according to a Singapore stock exchange statement.

The company said May 31 it would sell as much as $200 million of convertible notes due 2015 and earlier this month said its controlling shareholder, Golden Concord Asia, would sell up to 52 million shares.

Read more…

Australia Releases Report on Web Filter Test as Plans Proceed

Australian authorities released a report detailing a test of their plans to require Internet service providers to filter out content deemed objectionable. Australia is expected to make amendments to the Broadcasting Services Act next autumn.
– A report
testing

Australias controversial Web filtering plan
is done, paving the way for the country to join the
list of nations with mandatory Web filtering.
Stephen
Conroy, who is Australia’s minister for Broadband,
Communications and the Digital Economy, released
the report (PDF) Dec. 1…


Proceed with caution

A health-care reform bill gets to the floor of the Senate. A rowdy debate will follow

DEMOCRATS in the Senate defeated a Republican attempt to block their health-care bill on Saturday November 21st, just days after Harry Reid, the Senate majority leader, unveiled the long-awaited legislation, which amalgamates proposals from various Senate committees. Republicans tried, with a filibuster, to stop the measure from even proceeding to the floor, providing an early test of Democratic resolve. To get the 60 votes he needed, Mr Reid had to cajole three wavering Democrats—Mary Landrieu of Louisiana, Blanche Lincoln of Arkansas and Ben Nelson of Nebraska—and their support came at a price. Republicans are calling an extra $100m doled out in federal money for Ms Landrieu’s state “the Louisiana purchase”. All three have since pointed out that a final “yea” is far from certain.

The Senate bill is similar in scope to the measure passed by the House of Representatives on November 7th, although there are differences. The Senate bill, for instance, relies much more on expanding Medicaid, the system of provision for the poor. As in the House, the Senate legislation creates insurance “exchanges” and a government-run insurance scheme that would compete with private plans, but it allows for states to opt out. Ms Landrieu and others would like to go further and adopt a “trigger” that would implement a public plan in five years, but only if private plans are no more affordable by then. Joe Lieberman, an independent Democrat, has insisted he will vote against any final bill that contains a public option “as a matter of conscience”. …