Fresh off hydrangea-gate at the Venice film festival â when she was caught on camera expressing her distaste for the flowers after receiving a bouquet from an appreciative fan â Madonna has found herself in another slight controversy in Toronto.
The Material Girlâs spokesperson was quick to deny on Wednesday a press report that Madonnaâs security detail had ordered Toronto film festival volunteers to turn their backs to the wall as she passed by on the way out of a press conference for her new movie âW.E.â
Madonnaâs spokeswoman denied that the singer had done anything like that and pointed out that the pop star-turned-filmmaker had thanked TIFF volunteers from the stage ahead of the festivalâs âW.E.â premiere.
âWe are still trying to figure out who and why anyone would ask the volunteers to turn away from Madonna. She has never and would never ask anyone to do that ever,â Liz Rosenberg said in a statement.
A TIFF organizer said it was not the festivalâs doing, and that apparently it was an outside security firm that made the request.
He welcomed French President Nicolas Sarkozy and German
Chancellor Angela Merkel’s plans to modify the European treaty,
but said they needed to take a harsher stance with countries who
failed to meet the bloc’s economic conditions.”The new treaty should make it possible to kick a country
out of the euro zone if a majority of 75 percent are in favour,”
Delors told Le Monde. “Having a single currency means having to
meet stricter requirements.”He said if the region had set up an economic coordination
unit years ago the troubles with Greece that now threaten to
bring down the currency could largely have been avoided.”The euro council would have asked questions about the
situation in Greece when there was still time to act, and about
the worrying increase in private debt in Spain, Ireland and
Italy. They could have reacted,” he said.Euro zone countries are battling to save Greece from an
outright bankruptcy, a scenario that threatens to spread to
other countries in the region and bring down banks exposed to
sovereign debt.Economists have speculated that Greece might be forced to
quit the euro, a solution currently not possible under the terms
of the European treaty.Euro zone leaders are trying to agree on a way to shore up
banks’ capital to weather a Greek default, and leveraging the
bloc’s rescue fund to prevent contagion to other countries.Ratings agency Moody’s said on Monday it could place
France’s Aaa debt rating on negative watch if slower growth and
the cost of a bailout for banks and other countries put its
budget under too much strain.Delors voiced exasperation that leaders had taken so long to
act decisively on the debt crisis and said talk of a bank
recapitalisation was jumping the gun.”We’re moving onto the next step — recapitalisation of the
banks — before we’ve applied the terms of the July 21
agreement,” he told Le Monde.
DALLAS Oct 17 (Reuters) - Suntech Power Holdings Co Ltd expects U.S. solar installations to reach about 2
gigawatts this year, a senior executive said on Monday.Most industry projections were for between 1.5 and 1.6 GW
for the U.S. market for this year, compared with less than 900
GW last year.Including Canada, this year’s number could be 2.2 or 2.3
GW, Chief Commercial Officer Andrew Beebe said. That would be
greater than the capacity of two large nuclear reactors.At the same time, the German market in the second half of
the year has been slower to pick up than the company had
expected, Beebe said.”Europe is going through a lot of macro issues in terms of
finance support, and a lot of people are waiting for a lot of
things,” Beebe said in an interview. “Sometimes they are
waiting to see how much lower can panel prices go … other
people are waiting to see when can financing stability sort of
re-enters the world over there.”The erosion of subsidies in Germany and Italy, the world’s
two biggest markets, and rising production of the panels that
turn sunlight into electricity has left the industry awash in a
glut of equipment and driven panel prices down by some 35
percent this year.That is good news for consumers and distributors who buy
the solar modules, but has left manufacturers reeling as their
profit margins shrink and their share prices plummet to
multi-year lows. Suntech’s stock, for instance has sunk 72
percent this year.In the United States, Suntech is supplying modules for
Sempra Energy’s 150 megawatt Mesquite Solar 1 project
in Arizona. It has already delivered 140,000 panels to the
site, or 15 percent of the total, Beebe said.Suntech will recognize revenue from the Mesquite project
over six quarters, Beebe said.
* Rebels in ruling party oppose austerity measuresBy Yiorgos KarahalisATHENS, Oct 13 (Reuters) - Greek protesters tried to disrupt
collection of an unpopular new property tax on Thursday and
transport workers went on strike in a growing wave of protests
against harsh new austerity measures.With the socialist government of Prime Minister George
Papandreou trying to push new cuts through parliament to meet
demands from international lenders, opposition has strengthened
ahead of a planned general strike on Oct. 19 which is expected
to shut down much of the country.On Thursday, protesters occupied the printing offices of
Greek power utility PPC < DEHr.AT >, which is set to
collect the property tax, with a few dozen protesters hanging
banners reading: “We are not going to stop providing electricity
to the poor people even if they put us in jail”.Protests have spread to other sectors as well. The ancient
Acropolis, Greece’s most famous monument, was closed to tourists
and Athens was hit by strikes by garbage collectors and hospital
workers. Lawyers refused to appear in court.The wave of protests come as euro zone leaders scramble to
put together a new rescue plan to stave off bankruptcy and stop
the crisis spreading out of control.International lenders are demanding further painful reforms
but unions say the belt-tightening hurts only the poor and
middle-class and will drag Greece’s stricken economy further
into recession.The action at power company PPC underlines the challenge
faced by the government, which has included the property tax in
electricity bills to ensure it will be paid in a country where
tax evasion is endemic.PPC’s management said the bills would be printed anyway, in
another venue and at a greater cost but protesters said they
would continue their protest.”We came to stay … we are here to give a fight” said Nikos
Fotopoulos, president of PPC’s union GENOP-DEH, on Skai TV.Unions have planned a 24-hour, general strike on Oct. 19 to
protest against the new tax hikes, pension cuts and plans to put
tens of thousands of state workers on the road to redundancy.RECESSIONGreece is trapped in a deepening recession and fighting to
control a public debt expected to reach 162 percent of gross
domestic product this year, with most economists saying these
measures will not be enough to avoid a default.Euro zone countries are now considering asking banks to
accept losses of up to 50 percent on their holdings of Greek
debt, officials said on Wednesday, as part of a grand plan to
avert a disorderly default and stem a crisis that is shaking
financial markets worldwide.Inspectors from the European Union, the International
Monetary Fund and the European Central Bank concluded a review
of Greece’s progress on a first, 110-billion-euro bailout plan
on Tuesday.They gave the green light for euro zone finance ministers
and the IMF to release an 8-billion euro aid tranche Greece
needs to avoid immediate bankruptcy but said Athens was too slow
to implement reforms and warned it must step up efforts if it is
to continue receiving aid.Analysts expect ruling socialist party lawmakers to pass the
new austerity measures before an Oct 23 EU summit on the debt
crisis. But in a further sign of steep discontent among the
party ranks, former Labour Minister Louka Katseli threatened to
vote against a provision of the law changing labour rules.”I will not vote article 37 if the article is not modified,
Katseli told Mega TV late on Wednesday. “This article is
changing the collective agreements and leads to a deeper
recession our economy.”
The figure represent 17.4 percent of his $39.8 million in taxable income, a percentage he has repeatedly said is too low compared to what his own staff pays.Buffett caused an uproar in August when he said the wealthy should be subject to a higher rate of tax. The White House has co-opted his call into a “Buffett Rule” that would raise levies on the richest people.Following Buffett’s suggestion, Republican congressman Tim Huelskamp of Kansas sent the “Oracle of Omaha” a letter in late September calling on him to release his tax returns.Huelskamp sent Buffett a second letter reiterating the request earlier this month, and promising to release his own returns if Buffett would as well.Buffett, the chief executive of the conglomerate Berkshire Hathaway, responded in kind on Tuesday, according to a copy of the letter. Buffett did not release his full return, though, as many have called for him to do.In the letter, Buffett reiterated what he saw as the inequality of his paying a rate in the teens when most people who work for him pay a rate in the 30 percent range.But what he told Huelskamp he also wanted was for other ultra-wealthy Americans to release their own returns — in full, rather than the limited data Buffett himself shared.”If you could get other ultra rich Americans to publish their returns along with mine, that would be very useful to the tax dialogue and intelligent reform,” Buffett said. “I stand ready and willing - indeed eager - to participate in this exercise.”Buffett went on to suggest a method to get reticent moguls to release their returns, among them Rupert Murdoch, whom he has repeatedly challenged on the subject.”Having the ‘favored 400’ make their tax returns public - even if only code letters were attached to the various returns - would be a big step in informing legislators and the public of what needs to be done,” Buffett wrote.Huelskamp, in a statement Wednesday, slammed Buffett’s letter as inadequate and again called on him to either release his full returns or voluntarily give more tax money to the federal government.”Mr. Buffett still refuses to release his tax returns. What he does disclose may be accurate, but it is incomplete and it fails to explain how he shelters millions of dollars in income from taxation,” Huelskamp said.
The figure represent 17.4 percent of his $39.8 million in taxable income, a percentage he has repeatedly said is too low compared to what his own staff pays.Buffett caused an uproar in August when he said the wealthy should be subject to a higher rate of tax. The White House has co-opted his call into a “Buffett Rule” that would raise levies on the richest people.Following Buffett’s suggestion, Republican congressman Tim Huelskamp of Kansas sent the “Oracle of Omaha” a letter in late September calling on him to release his tax returns.Huelskamp sent Buffett a second letter reiterating the request earlier this month, and promising to release his own returns if Buffett would as well.Buffett, the chief executive of the conglomerate Berkshire Hathaway, responded in kind on Tuesday, according to a copy of the letter. Buffett did not release his full return, though, as many have called for him to do.In the letter, Buffett reiterated what he saw as the inequality of his paying a rate in the teens when most people who work for him pay a rate in the 30 percent range.But what he told Huelskamp he also wanted was for other ultra-wealthy Americans to release their own returns — in full, rather than the limited data Buffett himself shared.”If you could get other ultra rich Americans to publish their returns along with mine, that would be very useful to the tax dialogue and intelligent reform,” Buffett said. “I stand ready and willing - indeed eager - to participate in this exercise.”Buffett went on to suggest a method to get reticent moguls to release their returns, among them Rupert Murdoch, whom he has repeatedly challenged on the subject.”Having the ‘favored 400’ make their tax returns public - even if only code letters were attached to the various returns - would be a big step in informing legislators and the public of what needs to be done,” Buffett wrote.Huelskamp, in a statement Wednesday, slammed Buffett’s letter as inadequate and again called on him to either release his full returns or voluntarily give more tax money to the federal government.”Mr. Buffett still refuses to release his tax returns. What he does disclose may be accurate, but it is incomplete and it fails to explain how he shelters millions of dollars in income from taxation,” Huelskamp said.
* Hewlett-Packard Co is rethinking its plan to spin
off its personal-computer division, as fresh analyses show the
costs might outweigh the benefits, according to people familiar
with the matter.* Alcoa Inc reported third-quarter earnings far short
of analysts’ recently reduced forecasts as slower global
economic growth and a drop in prices weighed down the aluminum
maker.* Two Swiss bankers were charged by federal prosecutors with
allegedly helping wealthy U.S. clients hide their money from the
Internal Revenue Service, the latest move in a multi-year
crackdown by U.S. authorities on Swiss financial institutions.* New York City’s securities industry faces the loss of
nearly 10,000 jobs by the end of 2012, New York state’s
comptroller predicted, a blow to the area’s economy and
government budgets.* Social-games maker Zynga Inc moved to reduce its reliance
on Facebook Inc’s social network, saying it will start
distributing its games directly to users online or on mobile
phones.* Slovak lawmakers held up the expansion of the euro zone’s
bailout fund after the 16 other members ratified the changes,
throwing up a new roadblock to the continent’s efforts to tame
its debt crisis.* The U.S. Senate voted to pass legislation targeting
China’s management of its currency, the yuan, underscoring U.S.
frustration with one of its largest trading partners. Although
the bill is unlikely to become law, the Senate debate has kept a
public focus on the currency issue as the two countries remain
at odds over China’s control of the yuan.* Asian stock markets dropped Wednesday, with Australian
resources stocks leading the fall after aluminum producer Alcoa
kicked-started the U.S. earnings season with a disappointing
third-quarter report.