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HASIYAT KI JUNG


Sher - Dil


Panchakshari 2010


Mahanayak


Japan Utility Behind Damaged Nuke Plant Apologizes

Asia & Pacific

Published June 28, 2011
TOKYO -- Executives at the Japanese utility behind the nuclear power plant sent into meltdown by the March quake apologized Tuesday to investors who repeatedly interrupted the annual meeting of shareholders with heckles, yells and outraged questions.
Tokyo Electric Power Co. Chairman Tsunehisa Katsumata promised that the company was doing its utmost to bring radiation leaks under control. He said it would speedily compensate people forced to evacuate the area around the Fukushima Dai-ichi plant and farms whose products were banned because of radiation contamination.
"All of us directors apologize deeply for the troubles and fears that the accident has caused," he said at a Tokyo hotel. "The entire group will work together to resolve this crisis as soon as possible."
But the meeting was punctuated by outbursts of emotion, as one by one, shareholders, their voices shaking, said the utility had ignored warnings about the dangers of nuclear power, the Fukushima Dai-ichi nuclear plant had been inadequately prepared for a tsunami, and the amount of radiation spewing into the air and water had not been fully disclosed.
One shareholder cried out that the executives should all jump into the reactor and die to take responsibility for the fiasco.
The disaster at Fukushima Dai-ichi has erased about 90 percent of the value of TEPCO stock, once considered a safe investment.
Fuel rods have melted at three of the plant's reactors after a March 11 earthquake set off a tsunami that knocked out cooling systems, causing the world's worst nuclear crisis since Chernobyl. The quake and tsunami killed more than 23,000 people and damaged farms, ports and hundreds of suppliers of parts to the auto and electronics industries.
Leaking radiation forced the evacuation of thousands of residents, and the perilous struggle to contain the reactors is expected to continue into next year.
Despite the anger, many of those attending the meeting welcomed executives' remarks with enthusiastic applause.
They quickly defeated with a show of hands the first proposal from a shareholder, who demanded Katsumata be replaced in chairing the meeting by someone else, who could better address the nuclear crisis.
The top shareholders of the utility include Japanese financial institutions and the Tokyo metropolitan government, making it relatively easy to fill the meeting with participants supportive of management.
But the outrage from the public was clear by the frequent shouting. Reporters were not allowed to attend the meeting but could watch the proceedings from a monitor at TEPCO headquarters.
Although most of the executives' remarks were routine, addressing earnings and power supply, the shareholder who demanded a different chair, stressed that an apology and promises were not enough and said the whole world was suffering from the nuclear disaster. She did not give her name.
TEPCO President Masataka Shimizu, who has already announced his resignation to take responsibility for the disaster, told shareholders that the company was targeting mid-July to decrease the radiation leaks at Fukushima Dai-ichi under "step one," and to bring the leaks under control under "step two" in three to six months time after that.
The crisis has raised serious questions about the lax oversight of Japan's nuclear industry and prompted the country to scrap plans to rely on nuclear power for one half its electricity needs -- up from its current one third.
The utility has come under criticism as bungling and slow in responding to the crisis. Some of the data it disclosed about radiation leaks turned out to be erroneous, and it did not admit to a meltdown for weeks, raising suspicions about a lack of transparency.
Renewed safety fears have caused the government to shutter the Hamaoka nuclear plant in central Japan, a region where there is a 90 percent probability of a major earthquake in the next few decades.
TEPCO's losses for the fiscal year ended March 2011 totaled 1.25 trillion yen ($15 billion) -- one of the biggest annual losses ever in corporate Japan. TEPCO had a profit of nearly 134 billion yen the previous fiscal year.
Those results accounted for massive losses the utility booked from the disaster. But overall losses from the disaster are expected to be far bigger, including compensation for the thousands of people forced to evacuate from their homes around Fukushima Dai-ichi, and businesses such as farms that say products were damaged by radiation.
The company plans to sell assets to secure more than 600 billion yen ($7.4 billion) in funding but has acknowledged it likely faces more damage payments.
It reiterated that it was counting on some government aid.

Clashes Between Egyptian Protesters, Police Leave Dozens Injured


Egyptian security forces firing tear gas clashed with more than 5,000 rock-throwing protesters in central Cairo late Tuesday, leaving dozens injured in the latest unrest to rattle the country, witnesses and medical officials said.
Clouds of tear gas and the wail of police sirens engulfed Tahrir Square as lines of security forces in riot gear battled to regain control of the central plaza from the demonstrators, many of them family members of the more than 850 people killed during the revolution that toppled Egypt's longtime ruler, Hosni Mubarak.
The families are frustrated with what they perceive as the slow prosecution of security officers believed to be responsible for the deaths of some 850 protesters during the 18-day uprising.
Rocks and shattered glass littered the streets around Tahrir, as protesters chanted: "Down with the military junta." Injured demonstrators lay on the ground, some bloodied and dazed, before the clashes ended after Interior Minister Mansour el-Essawy issued an order before dawn Wednesday for the security services to stand down.
The confrontation began Tuesday, when security forces cleared a sit-in outside the state TV building by the families of the slain protesters, said Nourredine, an engineer who gave only his first name.
"I was in front of the state TV building this morning when the security forces attacked," he said. "Since then, things have been escalating."
The protesters regrouped Tuesday evening outside the Interior Ministry, where rumor had it that two demonstrators wounded earlier in the day had been taken. It was not immediately clear what sparked the violence outside the ministry, but eventually protesters were hurling stones and security forces firing volleys of tear gas and blocking off streets around the building.
The clashes then shifted to nearby Tahrir Square -- the epicenter of Egypt's revolution. In a sight unseen since the early days of the uprising, lines of central security troops in riot gear sealed off the main streets leading into the square, while dozens of security vehicles were parked in side streets.
The government response shocked many of the protesters, who compared it to the heavy-handed tactics used by the security forces before Mubarak's fall.
"The security forces' violence is the same," said Al Maataz Hassan, an engineer. "They accuse the people of being thugs, then crackdown. It's the same mentality as before the revolution."
Tuesday's clashes, perhaps of the most serious between security forces and protesters since the revolution, are an offshoot of the tumultuous transitional period the country is going through as it struggles to shift from an authoritarian to democratic system.
That transition took a step forward earlier Tuesday with an Egyptian court's ordering the dissolution of more than 1,750 municipal councils, seen as one of the last vestiges of Hosni Mubarak's rule.
The administrative court decision, announced by presiding judge Kamal el-Lamei, meets a major demand of the protest movement that drove Mubarak from power.
The local councils, with over 50,000 seats filled by elections widely viewed as rigged, were a backbone of support for Mubarak's ruling party. They became particularly important after 2005 constitutional amendments required presidential candidates to obtain support from a quota of local council officials, as well as from national parliament members. Critics saw this as a stepping stone for Mubarak's son, Gamal, to succeed his father in office.
The court decision can still be appealed, but popular opposition may make it difficult for Egypt's current military rulers to challenge it.
Hamdi el-Fakharani, an engineer who filed the court case against the councils, said 97 percent of council members belonged to Mubarak's now-dissolved National Democratic Party.
"They had already begun campaigning, using municipal services to influence people in favor of the party's comeback and saying the revolution has negatively impacted the economy," he said.
He said he was joined in the complaint by 10 independent council members who attested to council corruption.
The dismissal of all council members will leave Egypt's municipalities under the control of unelected local executives and provincial officials, until new councils are elected.
A major rally is planned next week to, among other things, show support for dissolving the local bodies' membership. Activists say the councils, criticized as corrupt and flush with government funds, could help the campaigns of supporters of the former regime in parliamentary elections, scheduled for September.
"This is, of course, an important decision. If we are having parliamentary elections, these municipal councils were set to play a big role," said Hafez Abu Saada, a human rights lawyer who monitored and criticized the councils' 2008 elections.

Stern: League's offer to players union coming soon


Amid the revelation that nearly three-quarters of NBA teams are projected to lose money this season, the NBA will submit a revised collective-bargaining proposal to the NBA's Players Association "within the next couple of weeks," NBA Commissioner David Stern said Friday.
  • NBA Commissioner David Stern, right, offered no details of what would be in the league's CBA proposal to the players union.
    By Bebeto Matthews, AP
    NBA Commissioner David Stern, right, offered no details of what would be in the league's CBA proposal to the players union.

Speaking after the NBA's Board of Governors meeting, Stern said the league is projected to lose $300 million this season after losing $340 million last season.
NBA deputy commissioner Adam Silver dropped a staggering figure. "Roughly 22 teams are projected to lose money this season; eight teams to be profitable," he said.
He also said some teams would do better financially if they weren't playing.
"While that is true, (that) some teams in the short term will do better if they are not paying players salaries for that season, our goal still is to not have a work stoppage and to get a deal done for next season," he said.
The current collective-bargaining agreement expires July 1 and not only are there concerns of a work stoppage, there is a fear the NBA will lose games next season due to a lockout.
With the league stating more than $300 million in losses, Silver said, "The goal remains the same: To create a system in which all 30 teams can compete for a championship and if well managed have the opportunity to make a profit. … We need a new system, and the current system is broken and is unsustainable."
The NBA enjoyed a spectacular season on and off the court, with higher TV ratings, attendance and merchandise sales this season than last season.
According to the NBA:
• ABC, ESPN and TNT had their most-viewed seasons with double-digit increases. ABC was up 38%, ESPN 28% and TNT 42%.
• Web traffic at NBA.com had a 35% increase in page views compared to last season, including a 140% increase in videos viewed.
• Attendance was up 1% compared to last season.
• Merchandise sales were up more than 20% compared to last season.
"It's nice to lose less each year, but it doesn't seem to be a quick path to profitability, and that's where we want to head," Stern said.
Under the current agreement, players receive 57% of basketball-related income and the league gets 43%. The league has said it would like a swing of nearly $800 million going from the players to the league. In that scenario, players would receive nearly 40% of basketball-related income and the league 60%.
The NBA's first proposal for a new CBA was rejected by the players in early 2010. That proposal called for a hard salary cap, a reduction in existing salaries, less guaranteed money and shorter contracts.
The players union submitted a counterproposal in July but the league never responded. The league hopes the revised proposal jumpstarts negotiations and leads to a new collective-bargaining agreement before July 1 or at least without a prolonged lockout.
Even though the league is intent on finding a long-term profitable business model that is different than the current model, which the players think is working fine, Stern expressed optimism.
"A, I'm an internal optimist. And B, I am hoping that the proposal will indicate to the players when (San Antonio Spurs owner) Peter Holt and the committee finish with it, that there's some modicum off flexibility in our approach, and we are trying to engage the union in a dialogue," Stern said. "And you know, we are now going to see whether we can meet after we get this revised proposal out as often as possible."
Stern and Silver declined to say how the revised proposal will different from the original one.
"There are other ways to reach the same goal, and that is a system in which all 30 teams can compete, and, if they are well managed, to make a profit," Silver said. "We have never suggested to the union that there's only one way to accomplish that end. And so, we have gone back to ownership. … We have heard what they (the players union) have said about certain issues. And so, we have gone back and said, are there other ways to approach this same goal?

Virginia Tech marks massacre anniversary with community service


Lauren Isbell wasn't there on that cold April day when a mentally ill student at Virginia Tech gunned down 32 students, faculty and staff, but it hit her hard.
  • Norris Hall was the scene of the 2007 shooting at Virginia Tech.
    File photo by Tim Dillon, USA TODAY
    Norris Hall was the scene of the 2007 shooting at Virginia Tech.
Isbell, a 2002 Virginia Tech graduate, lives more than 300 miles away from the Blacksburg, Va., campus, but on Saturday, the four-year anniversary of the tragedy, her heart will be with the Hokies. The alumni group she helps lead will be working at a food bank in memory of the victims.
Virginia Tech dedicated this year's April 16 Day of Remembrance to community service. The school asked students to perform 32 hours of volunteer work in memory of the victims.
"It's a positive way to give back rather than focusing on the negative," Isbell says.
Sixty miles south of the campus, the Patrick HenryCounty chapter of Virginia Tech Alumni will conduct a blood drive with the goal of collecting 32 pints of blood, chapter secretary Kay Dunkley says.
"Even though the tragedy happened on campus, it's been a tragedy to all of us as alumni," Dunkley says.
Most of the students who were on campus April 16, 2007, the day of the shooting, have graduated or moved on.
Kristina Anderson, then a 19-year-old sophomore, was shot twice in the back and once in her toe. She lives in Seattle.
On Saturday, the Koshka Foundation she created to promote school safety and non-violence will hold a 5K Run/Walk in Seattle with Washington Cease-Fire, an organization that works to halt gun violence.
The event will help Virginia Tech alumni and the Seattle community "commemorate the lives lost in a powerful and peaceful way," Anderson says. "My biggest fear is people forgetting about the shooting."
Student body president Bo Hart was a senior in high school at the time, choosing a college.
"I made my decision to come to Virginia Tech because of the way the students and school responded to the shooting, how the Hokie community came together," Hart says.
Hart, a senior from Columbia, S.C., says the shooting is far from forgotten.
"It's always there on campus," Hart says. "I think it'll always be a part and people will never forget."
The tragedy, he says, strengthened the students' sense of community and their commitment to the university.
Hart, who was on the committee that selected this year's theme, says pledging 32 hours of service will make students mindful all year of those who were lost.
This year, students have logged nearly 25,000 hours. Hart devoted 50-plus hours to coaching a basketball team of third- and fourth-graders.
"It's not just one day," he says. "It's all the time. It's living their dreams by giving back to the community."

 
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