Cyprus and Malta adopt the euro

Filed under: Uncategorized — @ 1:47 am, September 7, 2019.

Tuesday, January 1, 2008

Today at midnight, the Republic of Cyprus and the Republic of Malta, both small island states in the Mediterranean and former British colonies, adopted the euro as their official currency; less than four years after their accession to the European Union. Because Cyprus and Malta are in different time zones, Cyprus adopted the euro one hour before Malta did the same. In both countries the euro was welcomed with outdoor celebrations, including a fireworks display in Malta’s capital Valletta. According to the BBC Cypriot Finance Minister Michalis Sarris has said the euro “will benefit consumers and businesses alike because of the eurozone’s low inflation, low interest rates and large market.”

The BBC reports that Cypriot and Maltese leaders “made symbolic withdrawals of euros from cash machines just minutes into the New Year.” TIME reports that Maltese Prime Minister Lawrence Gonzi had to wait a little while before getting his hands on the new currency because “an automated teller machine did not work when Gonzi tried to withdraw euros, and he was obliged to use a different ATM.”

The Cypriot pound (CYP) and the Maltese lira (MTL) will remain in use during a dual circulation period that will last until the end of this month, at which point they will cease to be legal tender. However, it will still be possible to exchange them for Euro free of charge after the end of this period. Commercial banks in Cyprus will exchange Cypriot pounds for Euro until 30 June, but only for amounts up to CYP 1000 per customer and per transaction in banknotes and up to CYP 5O in coins. The Central Bank of Cyprus will exchange coins until the end of 2009 and banknotes until the end of 2017. Maltese commercial banks will exchange Maltese lira for Euro until the end of March, with a limit for non-customers of MTL 250, whereas the Central Bank of Malta will exchange coins until 1 February 2010 and banknotes until 1 February 2018.

We’re sorry to say goodbye to our pound but happy to welcome the euro.

The single currency has replaced the Cypriot pound and the Maltese lira at a rate of one euro to 0.585274 Cypriot pound and 0.4293 to the Maltese lira, or 1.71 euro per Cypriot pound and 2.33 per Maltese lira. This conversion rate had been fixed on 10 July 2007 by Ecofin, the council comprising the finance ministers of the EU Member States.

Today with the adoption of the Euro, Cyprus and Malta have become even more integrated in the heart of the European Union, less than four years after they joined the EU.

Cyprus and Malta are the 14th and the 15th country to join the Eurozone, which already includes Austria, Belgium, the Netherlands, Finland, France, Germany, Ireland, Italy, Luxembourg, Portugal, Spain, Greece and Slovenia. All EU Member States are required to join the Eurozone once certain conditions are fulfilled, except Denmark and the United Kingdom which have negotiated a so-called opt-out that allows them not to adopt the single currency.

The Turkish Republic of Northern Cyprus, the de facto independent Turkish-controlled area in the north of Cyprus, will not join the Eurozone. Northern Cyprus is not part of the European Union and is recognised only by Turkey. As a result, the Turkish lira will remain the official currency in the north of the island; however, TIME reports that “many Turkish Cypriot merchants will also accept euros along with Turkish lira.” Cypriot Euro coins are inscribed in both Greek and Turkish.

The euro will also be legal tender in the Sovereign Base Areas, British military bases in Cyprus.

The national sides of the Cypriot Euro coins feature three separate designs for the three series of coins. The 1, 2 and 5-cent coins feature the mouflon, or wild sheep, the 10, 20 and 50-cent coins feature the Kyrenia ship, the wreck of a 4th century BC Greek merchant ship discovered in 1967 and salvaged closed to Kyrenia, and the €1 and €2 coins feature the Idol of Pomos, a prehistoric sculpture from the village of Pomos, three national symbols of Cyprus. The designs were jointly created by Tatiana Soteropoulos and Erik Maell.

The Maltese euro coins’ national sides will also feature national motifs. The 1, 2 and 5-cent coins will feature the altar of the Mnajdra temple grouping, a complex of three Neolithic temples on the southern coast of Malta and one of the oldest free-standing temple groupings in the world, the 10, 20 and 50-cent coins will feature the Coat of Arms of Malta, and the €1 and €2 coins will bear the Maltese cross, a symbol associated with an order of Christian warriors known as the Knights Hospitaller or Knights of Malta, which was based on Malta for more than 250 years after they had been given the islands by Charles V, Holy Roman Emperor. The designs of Maltese engraver Noel Galea Bason were selected after two rounds of public consultations in which people were invited to vote via SMS.

Both Cyprus and Malta have taken a number of steps to address fears of undue price rises. 7,130 Cypriot companies have subscribed to a Fair Pricing Code launched by the authorities and the Cypriot government urged companies to round their prices down. In Malta, the FAIR initiative, a fair pricing scheme, was put in place in January 2007. This scheme, which provides for administrative fines for those failing to respect their commitment, now involves 80% of all retail outlets. Malta, according to the BBC, has also signed 12 price stabilisation agreements with importers, which will last until March 2008.

In both countries, the authorities will monitor retailers to ensure they do not exploit the changeover for unfair gain by rounding up their prices, contributing to inflation.

Shimon Peres discusses the future of Israel

Filed under: Uncategorized — @ 1:18 am, .

Wednesday, January 9, 2008

This year Israel turns sixty and it has embarked upon a campaign to celebrate its birthday. Along with technology writers for Slate, PC Magazine, USA Today, BusinessWeek, Aviation Weekly, Wikinews was invited by the America-Israel Friendship League and the Israeli Foreign Ministry to review Israel’s technology sector. It’s part of an effort to ‘re-brand the country’ to show America that there is more to Israel than the Palestinian conflict. On this trip we saw the people who gave us the Pentium processor and Instant Messaging. The schedule was hectic: 12-14 hours a day were spent doing everything from trips to the Weizmann Institute to dinner with Yossi Vardi.

On Thursday, the fifth day of the junket, David Saranga of the foreign ministry was able to arrange an exclusive interview for David Shankbone with the President of Israel, Nobel Peace Prize recipient Shimon Peres. For over an hour they spoke about Iranian politics, whether Israel is in danger of being side-lined in Middle Eastern importance because of Arab oil wealth, and his thoughts against those who say Israeli culture is in a state of decay.

The only crime I committed was to be a little bit ahead of time. And if this is the reason for being controversial, maybe the reason is better than the result.

Shimon Peres spent his early days on kibbutz, a bygone socialist era of Israel. In 1953, at the age of 29, Peres became the youngest ever Director General of the Ministry of Defense. Forty years later it was Peres who secretly gave the green light for dialogue with Yassir Arafat, of the verboten Palestine Liberation Organization. It was still official Israeli policy to not speak with the PLO. Peres shares a Nobel Peace Prize with Yitzak Rabin and Arafat for orchestrating what eventually became the Oslo Accords. The “roadmap” that came out of Oslo remains the official Israeli (and American) policy for peace in the Palestinian conflict. Although the majority of Israeli people supported the plans, land for peace was met with a small but fiery resistance in Israel. For negotiating with Arafat, former Prime Minister Benjamin Netanyahu shouted at Peres, “You are worse than Chamberlain!” a reference to Hitler’s British appeaser. It was during this time of heated exchanges in the 1990s that Yitzhak Rabin was assassinated by Yigal Amir, a Jew who thought it against Halakhic law to give up land given by God (Hashem).

Peres is the elder statesman of Israeli politics, but he remembers that he has not always been as popular as he is today. “Popularity is like perfume: nice to smell, dangerous to drink,” said Peres. “You don’t drink it.” The search for popularity, he goes on to say, will kill a person who has an idea against the status quo.

Below is David Shankbone’s interview with Shimon Peres, the President of Israel.

Contents

  • 1 Israeli technology
  • 2 The future of the peace process in Israel
  • 3 The waning importance of history
  • 4 Is Israel a united society?
  • 5 Iran: will Israel strike first?
  • 6 The 2006 Lebanon War
  • 7 On American politics
  • 8 Peres on his Presidency and learning from the future, not the past
  • 9 Related news
  • 10 Sources

Science Experiment: Build Your Own Rain Alarm}

Filed under: Cabling — @ 1:14 am, .

Find Out More About:

Submitted by: Jere Botes

Many electrical devices are used as early warning systems such as burglar alarms, electric fencing systems and many more. Dont you think it will be useful to have an early warning system for rain to warn you to close the windows and bring in the clothes from the clothesline? In the following science experiment you will build a device that can detect rain as soon as the first drops start to fall:

WHAT YOU NEED:

9 Volt battery

Plastic coated copper wire

9 Volt buzzer or bell

YouTube Preview Image

Clothespin

Effervescent tables

Wire cutters

Rubber cement

HOW TO PROCEED:

1. Cut two pieces of thin plastic coated wire of about 2m – 3m each (or long enough to reach from the outside of your window to the inside of your bedroom where the buzzer and battery will be positioned). Use wire cutters to strip clean the ends of both wires. Make sure that one end of each wire has at least 30mm clean stripped, and the other side of each wire about 100mm clean stripped.

2. Push the 100mm stripped clean ends of both wires through a small opening in your bedroom window, and connects the other ends to the terminals of a 9-V battery, and an electrical buzzer or a bell. Use another shorter piece of wire to connect the battery and the bell to each other as in the diagram above.

3. On the outside of your window, connect a wooden or plastic clothespin to the other ends of the wires by winding it several times over each of the front ends of the clothespin. This will be your two contact pieces to complete the electrical circuit.

4. Place a small effervescent-type of tablet in between the two prongs with the contact pieces of the clothespin to prevent them from touching. You may need to experiment with several types of tables to find the most suitable one, which degenerate the fastest when coming in contact with water or rain.

5. Place the clothespin and tablet configuration on the sill of your window (you can use rubber cement to hold it in position).

6. When it starts to rain, the buzzer will go off and warn you that your clothes or curtains might get wet!

The power or electrical energy stored in a battery can only be released and allowed to flow when a complete circuit is made out of wires or other conductors that conduct electricity. In the above experiment, the electrical circuit is not complete until the prongs of the clothes pins with the wires wrapped around it are pressed together. When the rain drops degenerate and melt the effervescent tablet, the prongs with the wire contact pieces are pressed together, making a circular path between the battery and the bell. The current flows in a complete loop from the battery through the rain detector on the window sill to the buzzer and battery in your room. When the circuit is complete and the current is flowing, the buzzer sounds to warn you of the rain that started to fall!

About the Author: Article by J Botes, of

experiland.com

, a website dedicated to provide elementary and middle school children with science education in the form of fun, tried and tested science experiment ideas in five main categories. Reproductions of this article are allowed but must include a link pointing to

experiland.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1045337&ca=Computers+and+Technology}

HP to aquire EDS for 13.9B

Filed under: Uncategorized — @ 1:11 am, .

Tuesday, May 13, 2008

Hewlett-Packard (HP), a global technology leader with major businesses operations in computer hardware, software, printing and services announced today that they will acquire Electronic Data Systems (EDS) for US$13.9 billion in an all cash deal. The Wall Street Journal has reported that the deal has been in various stages of development since October 2007 when the CEO of EDS, Ron Rittenmeyer, approached HP CEO Mark Hurd with a proposition to join forces.

This acquisition models a strong pattern of robust mergers and acquisitions activity since the arrival of current CEO Mr. Hurd. Since his arrival in 2005, HP has worked to expand their overall IT portfolio through organic research and development growth and the purchase of “best of breed” companies such as Mercury, Opsware and Peregrine.

This purchase will bolster the services arm of HP placing the company in second place worldwide behind IBM in terms of IT services. The added revenue will work to double Hewlett-Packard’s sales from services to almost $40 billion, about as much as it gets from PCs. The combined forces of EDS and HP will represent a total worldwide workforce of 309,000 people in more than 80 countries representing 7% of the worldwide IT Service market.

In 2006 HP surpassed IBM as the largest technology company in the world in terms of overall revenue and since that time the two industry titans have fiercely battled for market dominance. Analysts at Briefing.com said: “Adding EDS would expand HP’s service offering and also increase its market share in the industry, helping it better compete with industry heavyweight IBM.”

We wouldn’t do the deal if we didn’t think we had an opportunity to improve the operating profit level that EDS currently has.

Like any deal of this size it is not without its optimists and pessimists. From the positive side American Technology Research analyst Shaw Wu said. “I am not saying this deal is a slam dunk by any means, but people have underestimated Mark Hurd before.”

“EDS is more mature and more sophisticated in many of the processes that they bring to market than where we are”, Hurd, 51, told analysts on a conference call yesterday. “We wouldn’t do the deal if we didn’t think we had an opportunity to improve the operating profit level that EDS currently has.”

A deal of this size provides a lot of potential for HP but it could also bring a lot of heartache for competitors other than IBM. For years, both Dell and Sun Microsystems have enjoyed preferred alliances with EDS selling expensive high-end servers to EDS customers. Xerox has also benefited by selling its printers and copiers through EDS, which is the most lucrative part of HP’s business.

Dell in particular could be hurt the most. In recent years its PC business has lagged with declining sales and lost market share. Most of this market share was lost directly to HP. This buyout could deliver another major blow as last year; its sales to businesses were almost five times the revenue it received from consumers. With a major Dell partner now part of the competition that alliance will certainly be in question.

Canada’s Don Valley West (Ward 25) city council candidates speak

Filed under: Uncategorized — @ 1:27 am, September 3, 2019.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 25). Three candidates responded to Wikinews’ requests for an interview. This ward’s candidates include John Blair, Robertson Boyle, Tony Dickins, Cliff Jenkins (incumbent), and Peter Kapsalis.

For more information on the election, read Toronto municipal election, 2006.

Interview: Drupal founder Dries Buytaert balances community and company interests

Filed under: Uncategorized — @ 1:15 am, .

Sunday, February 24, 2008

In the year 2000, Dries Buytaert created Drupal, a freely licensed and open source tool to manage websites, as a bulletin board for his college dorm. Since Dries released the software and a community of thousands of volunteer developers have added and improved modules, Drupal has grown immensely popular. Drupal won the overall Open CMS Award in 2007, and some speakers in Drupal’s spacious developer’s room at FOSDEM 2008 were dreaming aloud of its world domination.

Buytaert (now 29) just finished his doctoral thesis and has founded the start-up Acquia. The new company wants to become Drupal’s best friend, with the help of an all-star team and US$7 million collected from venture capitalists. Wikinews reporter Michaël Laurent sat down with Dries in Brussels to discuss these recent exciting developments.

Contents

  • 1 The interview
    • 1.1 On FOSDEM
    • 1.2 On Drupal
    • 1.3 Acquia: company-community interaction
    • 1.4 The future, near and far
  • 2 Related news
  • 3 Sources
  • 4 External links

On the campaign trail in the USA, October 2016

Filed under: Uncategorized — @ 1:13 am, .

Sunday, November 6, 2016

The following is the sixth and final edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: the Free & Equal Foundation holds a presidential debate with three little-known candidates; three additional candidates give their final pleas to voters; and past Wikinews interviewees provide their electoral predictions ahead of the November 8 election.

Contents

  • 1 Summary
  • 2 Free & Equal Debate
  • 3 Final pleas
  • 4 Predictions
  • 5 Related articles
  • 6 Sources

The White Stripes to tour ‘Great White North’

Filed under: Uncategorized — @ 1:07 am, .

Saturday, April 28, 2007

Grammy Award-winning rock band The White Stripes announced on Wednesday the Canadian leg of a tour in support of their soon-to-be-released album, Icky Thump. The tour, which would be the first cross-Canada excursion for The White Stripes, will see the band play dates in all provinces and territories.

The latest tour for The White Stripes will kick off June 1 in Nürburgring, Germany and will play several dates in Europe before starting off in Canada on June 24, in Burnaby, British Columbia. Canadian dates will include stops in northern locales such as Whitehorse, Yellowknife, and Iqaluit, on Baffin Island.

The White Stripes, made up of guitarist/singer Jack White and drummer Meg White, have developed a significant worldwide following with their blend of punk and blues, guitar-oriented rock. The band had expressed interest in playing cities they had not yet visited. “Having never done a full tour of Canada, Meg and I thought it was high time to go whole hog,” said Jack White on The White Stripes website. “We want to take this tour to the far reaches of the Canadian landscape. From the ocean to the permafrost.” The band’s website referred to Canada by its nickname, the ‘Great White North’.

The White Stripes have played to thousands in large outdoor festival settings, but will have to deal with different logistics while setting up in a northern location, such as Iqaluit.

Some 500 tickets for the Iqaluit show are to be sold, with an admission fee of approximately CA$40. Mike Bozzer, the city of Iqaluit’s economic development officer, told CBC News that talks have taken place with The White Stripes’ publicist regarding equipment, technicians, security and other such details. “It’s definitely going to have some economic impact, and they’ll come back home with positive stories of the city,” said Bozzer.

The band’s ten-year anniversary will be reached at a point during the Canadian leg of the tour, which will be commemorated. “Another special moment of this tour is the show which will occur in Glace Bay, Nova Scotia on July 14th, The White Stripes’ Tenth Anniversary,” said Jack White.

Following the Canadian dates, The White Stripes will embark on a tour in the United States, which will reach some 16 states they have not yet visited during their career, among other repeat locations.

2007 Canadian Tour Dates   Venue City Province/Territory
June 24   Deer Lake Park Burnaby British Columbia
June 25   Yukon Arts Centre Whitehorse Yukon
June 26   Shorty Brown Multiplex Arena Yellowknife Northwest Territories
June 27   Arctic Winter Games Arena Iqaluit Nunavut
June 29   Pengrowth Saddledome Calgary Alberta
June 30   Shaw Convention Centre Edmonton Alberta
July 1   TCU Place Saskatoon Saskatchewan
July 2   MTS Centre Winnipeg Manitoba
July 3   Community Auditorium Thunder Bay Ontario
July 5   Molson Amphitheatre Toronto Ontario
July 6   Bell Centre Montreal Quebec
July 7   John Labatt Centre London Ontario
July 8   Bluesfest Ottawa Ontario
July 10   Moncton Coliseum Moncton New Brunswick
July 11   Charlottetown Civic Centre Charlottetown PEI
July 13   Cunard Centre Halifax Nova Scotia
July 14   Savoy Theatre Glace Bay Nova Scotia
July 16   Mile One Centre St. John’s Newfoundland

American Indian Movement spokesperson dies, age 75

Filed under: Uncategorized — @ 1:08 am, August 24, 2019.

Wednesday, October 17, 2007

Vernon Bellecourt, once the primary spokesperson for the American Indian Movement, died recently at age 75. Bellecourt, an Ojibwa who fought for Native rights, was perhaps best known for his opposition to Native names and mascots for sports teams.

First in the headlines in 1972, Bellecourt organized a cross-country caravan of the Movement, to Washington. Once there, members of the group occupied the Bureau of Indian Affairs offices. His goal of international recognition for Aboriginal nations and their treaties found him meeting with figures like Libyan Colonel Muammar el-Qaddafi, and Palestine’s Yasir Arafat. In 1977 Leonard Peltier was convicted and sentenced to two consecutive life terms for the murder of two FBI Agents during a 1975 shoot-out on the Pine Ridge Indian Reservation; Bellecourt led the campaign to free him.

Most recently, he visited Venezuelan President Hugo Chávez, to discuss getting free or cheap heating oil for reservations.

His work as president of the National Coalition on Racism in Sports and Media made a much wider known mark, though. Bellecourt emphasized that he believed such names perpetuated racial stereotypes, clouding the real identities and problems facing natives.

Teams with native-related names could almost guarantee on Bellecourt showing up at major games. He twice burned an effigy of Chief Wahoo, the Cleveland Indians baseball team mascot, and both times was arrested. When the Washington Redskins of the National Football League made the Super Bowl, Vernon was there to protest. The United States Commission on Civil Rights was critical of such names by 2001, calling them “insensitive in light of the long history of forced assimilation”. Some newspapers have stopped using the names of teams with Native origins.

None of his “big four” targets have shown any indication of changing: the Washington Redskins, the Kansas City Chiefs, the Cleveland Indians or the Atlanta Braves.

Post-season use of American Indian mascots were banned by the National Collegiate Athletic Association in 2005, suggesting the names are “hostile or abusive”. Bellecourt was pleased with the NCAA sanctions, but suggested such actions were only going “half way”.

The Florida State Seminole and the Illinois Illini were among the 18 colleges affected by the ban. Florida president T.K. Wetherell threatened legal action in response. The Florida Seminole tribes have endorsed the University’s usage of the name, but some out-of-state tribes were “not supportive”, according to the NCAA vice president for diversity and inclusion.

Born WaBun-Inini, Bellecourt died from complications of pneumonia on October 13, in Minneapolis, Minnesota, United States.

What The Upper East Side Has To Offer

Filed under: Property Data — @ 1:25 am, August 23, 2019.

byadmin

Quite a few people find themselves dreaming of owning condos on the upper east side of New York. With the luxuriousness of the living spaces available coupled with the beautiful views of the famous skyline, one would be hard-pressed not to want for such an amazing home. For those in the market for these elegant condos, when your search begins, you will find yourself discovering quite a bit more than you first imagined. Yes, the spaces will be breathtaking, but the buildings involved will also add their own since of wonder. You will find yourself with a long list of amenities to choose from that will both amaze you and, in some cases overwhelming. This will leave you with even more decisions to make once you have learned all the information, as well as seen the offerings available to you.

Amenities for All

When it comes to amenities offered by condominiums in the city, you will find each one differs with what they offer. Still, the needs of most people remain the same. Amenities that are contoured for your individual needs are what you need to be searching for when choosing the building best suited for you and your family. If having on-site laundry facilities are a must, or perhaps you have need for lounging areas where you and your family, or perhaps company you plan on entertaining, may sit, relax, and enjoy quite a time, then ensuring any building you invest in offers these types of amenities is a must for your personal experience. With all the amenities available, you will easily find what you are looking for.

The Condo for You

If you are one of the many who dreams of owning condos on the upper east side, then the beautiful building at 200 E 62 NY, is the place for you. Contact them today to be amazed at what they have to offer.

Like 200 E 62 NY on Facebook for more news & updates!

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