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Wednesday, February 20, 2008

Dutch financial institution ING Group reported today in its quarterly results an impairment charge of €194 million euros (approximately US$285.6 million). However, as a result of selling an equity stake in rival ABN AMRO, the net profit of €2.48 billion, was 18% higher than last year.

The impairment charge is a result of risky investments, including RBMS (mortgage) investments backed by subprime loans and Alt-A loans, which are made to borrowers with a slightly better credit profile than those in the subprime category, as well as from collateral debt obligations (CDOs).

CEO Michel Tilmant said that “solid risk management” shields ING from the worst effects of the financial crisis. “ING’s exposure to the riskiest assets is limited, and the RMBS investments we selected have a high level of structural credit protection to absorb significant losses as the U.S. housing crisis deepens,” added Tilmant.

Saturday, November 25, 2006

With the hopes of funding the creation of a statue in northern India that would end up dwarfing the Statue of Liberty, an unprecedented collection of Buddhist artifacts continue crisscrossing American, Europe, and Asia in three different, but related collections.

The Maitreya Project, the brainchild of Lama Zopa Rinpoche, seeks to build a monument and development dedicated to Buddhism at Kushinagar, Uttar Pradesh in northern India. The centerpiece of this massive development will be a 152m (500 ft) bronze statue of the Maitreya Buddha, the Buddha of the future.

Buddhist belief says that there have been Buddhas in the distant past and there will be Buddhas in the distant future. The historical Buddha, the one who was born in India about 2500 years ago, is known as Shakyamuni Buddha. Buddhist belief says that sometime in the distant future the teachings that Shakyamuni Buddha brought to Earth will fade away. At that point the Maitreya Buddha will be born and gain enlightenment in order to refresh and renew Buddhist teachings.

Along with the statue, the development is also planned to include temples, exhibition halls, parks, a museum, library, and a theater as well as a hospital and educational center.

In order to move forward with this project the Maitreya Project has created collections of artifacts that are touring the world. Once the statue is built these artifacts will be housed in it for viewing.

Buddhist artifacts are usually associated with the body of the person involved. While they can be such things as bone and teeth, usually they are pearl-like objects that are found and collected after the enlightened person is creamated. These pearl-like objects are called ringsel.

There are three collections of artifacts currently touring American, Europe, and East Asia. They include relics from the immediate past Buddha, called Kasyapa, the historical Buddha, five of his original disciples, several Tibetan and Zen masters, and the 14th Dalai Lama, Tenzin Gyatso.

Wikinews reporter Richard Kinne spent three days with the relics when the North American tour came to Ithaca, NY a few weeks ago. The relics travel with two caretakers, one of whom is always in close proximity to the relics. Setup for the relics display can take about four hours depending on the venue. Taking it down takes a bit under two hours.

Each morning of the tour the relics are taken out of their padded case and placed in clear plexiglass display cases. The relics are displayed individually in small containers called stupas. Some containers appear very full, while others contian just one very small object. Each evening the process is reversed and the padded case stays with the relic caretakers.

Between the morning and the evening people from all walks of life come to see the relics – believers, people who are curious, academics, Buddhist monks and nuns, both older folks and small children. While the Heart Relic Tour just does deals with displaying the relics, the sponsoring venue can add to the display in various ways such as lectures, meditation classes and demonstrations, or various other rituals.

The tour in North America reaches Jacksonville, FL during the first weekend of December. From there it will go to Miami between the 9th to the 11th, and then to Phoenix, AZ between the 15th to the 17th. In Asia the tour spends time in Malaysia in the first part of December.

Wednesday, March 9, 2005File:Plastic bag stock sized.jpg

They are cheap, useful, and very plentiful, and that is exactly the problem, according to researchers. A report issued on Feb. 23 by a cadre of environment and economics researchers suggested that Kenya should ban the common plastic bag that one gets at the checkout counter of grocery stores, and place a levy on other plastic bags, all to combat the country’s environmental problems stemming from the bags’ popularity.

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.

Wednesday, June 6, 2007

Following a world premiere during the Director’s Fortnight at the Cannes Film Festival, the latest film by Thai auteur Pen-Ek Ratanaruang made its Thailand premiere on Tuesday night in a screening for the press and celebrities.

Before the screening of the new film, Ploy, the director and his stars took the rostrum for a question-and-answer session, during which Pen-Ek pulled out a digital camera and took photos of the presenter, the press and the actors.

Ploy is a drama film, about a middle-aged Thai-American couple, portrayed by popular Thai soap opera actress Lalita Panyopas and Pornwut Sarasin, a first-time actor whose day job is working as vice president of Thai Namthip, the distributor of Coca Cola in Thailand. The couple have returned to Thailand for the first time in many years to attend the funeral of a relative.

They arrive at Bangkok’s Suvarnabhumi Airport at 5 a.m. after a long-haul flight from the U.S., and check in to a hotel. The wife, Dang, just wants to sleep, but the husband, Wit, wants some cigarettes, so he goes to the hotel bar to buy some. There, he strikes up a conversation with a 19-year-old girl named Ploy (17-year-old first-time actress Apinya Sakuljaroensuk), who’s waiting at the hotel for her mother.

Wit then invites the girl to his and Dang’s room, so she can take a shower and relax. This poor judgment by Wit ignites feelings of jealousy and anger in Dang, and causes the couple to review their marriage of seven years.

Lao-Australian leading man Ananda Everingham is in a supporting role as the hotel bartender. As a counterpoint to Wit’s and Dang’s bickering, the bartender engages in an erotic tryst with a hotel maid (model-actress Porntip Papanai) in a nearby room.

The press screening was held at SF World Cinemas at CentralWorld shopping mall in Bangkok. Given the presence of Coca-Cola’s Pornwut in the cast, it was perhaps not a coincidence that cans of Coke Zero, a new soft drink that is just being introduced in Thailand, were being doled out for free.

According to early reviews at Cannes, Ploy contains a high level of nudity and eroticism, which is uncommon for a Thai film, because Thailand has no film-ratings system and instead adheres to a strict censorship code that excises nakedness and sex scenes.

Ahead of its Thailand premiere, Aphiradee Iamphungphorn, co-producer for Five Star Production, said she knew the film would have to be re-edited for Thailand, but “hopefully not more than we can bear.” To get past the censors, Pen-ek created a special Thailand edit of the film, in which the sex scenes are toned down.

Ploy is the director’s sixth feature film since he made his debut in 1997 with Fun Bar Karaoke, which premiered at the Berlin International Film Festival. Since then, his films are regularly featured on the festival circuit, and are submitted by Thailand’s film industry for consideration by the Academy Awards for Best Foreign Language Film.

Pen-Ek’s latest film is a return to screenwriting, after his previous two films, Last Life in the Universe and Invisible Waves, were scripted or co-scripted by Thai writer Prabda Yoon. It also marks a reunion with leading actress Lalita, who starred in his second feature, 1999’s black comedy, Ruang Talok 69, as well as Porntip, who co-starred in Pen-Ek’s 2001 musical-comedy-drama Monrak Transistor.

Ploy opens in Thailand cinemas on Thursday.

Wednesday, March 9, 2005File:Plastic bag stock sized.jpg

They are cheap, useful, and very plentiful, and that is exactly the problem, according to researchers. A report issued on Feb. 23 by a cadre of environment and economics researchers suggested that Kenya should ban the common plastic bag that one gets at the checkout counter of grocery stores, and place a levy on other plastic bags, all to combat the country’s environmental problems stemming from the bags’ popularity.