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Open Taxi

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News at Noon

From Reuters

Grilling awaits BP boss as spill deal lifts shares

by Ayesha Rascoe and Tom Bergin

June 17, 2010

(Reuters) – BP Chief Executive Tony Hayward was set to face the wrath of U.S. lawmakers on Thursday as investors welcomed a plan to set up a $20-billion fund to cope with Gulf of Mexico oil spill claims.

Shares in BP, which nearly halved in value since the April 20 explosion on an offshore rig that led to the spill, rose 8 percent. Analysts said some of the heat had been taken off the company by its move to set up the fund and suspend its dividend.

U.S. President Barack Obama announced the agreement on Wednesday after White House officials held four hours of talks with BP executives. The British company’s bosses emerged from the discussions to offer an apology for the worst oil spill in U.S. history.

Related Stories:

BP chief apologizes for “small people” remark

BP chairman: A media-savvy CEO who became camera-shy

Undersea robot aims for 3-D image of BP oil plume

Open Library

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News at Noon

From Reuters

Analysis:  Obama speech short on energy, climate details

by Richard Cowan

June 16, 2010

(Reuters) – President Barack Obama’s national address on the Gulf of Mexico oil spill on Tuesday fell short of a strong call for comprehensive energy and environmental legislation this year and left the U.S. Congress with no clear direction.

Obama delivered his high-profile speech, coming on the 57th day since the start of the huge BP oil spill, from the White House Oval Office, a venue presidents normally reserve for announcing major initiatives or explaining important developments.

This speech was mostly the latter, which likely will be a disappointment to supporters of strong legislation to clamp down on offshore oil drilling practices and carbon dioxide pollution blamed for global warming.

Related Stories:

Obama to demand BP pay for oil spill damage

Instant view: Obama calls for energy reform, tighter rules

Accident at BP Rotterdam refinery kills worker

Open Dream

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News at Noon

From Reuters

Q&A: What’s behind China’s recent labor unrest?

by Reuters

June 15, 2010

(Reuters) – A string of strikes at foreign-owned factories in southern China, especially Honda vehicle plants and parts suppliers, has highlighted the rising demands of young Chinese workers from the countryside.

A series of suicides at Foxconn, an electronics maker with a huge plant in southern China, has intensified attention on discontent in China’s labor force.

Here are some questions and answers about the unrest.

Related Stories:

China urges improvements at work as Honda strike ends

Labor updating petition on China workers’ rights

Foxconn suicide probe to be made public

Open Corvette

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News at Noon

From Reuters

Obama and BP set for oil-spill showdown

by Caren Bohan and Tom Bergin

June 14, 2010

(Reuters) – Barack Obama and top BP executives are set for a showdown over the Gulf of Mexico oil spill this week, as the likely damages bill piles more pressure on the oil giant’s shares.

With America’s largest-ever environmental disaster nearing the two-month mark, the president will press BP Chairman Carl-Henric Svanberg at their first meeting on Wednesday to set up an escrow account to pay damage claims by individuals and businesses hurt by the oil spill disaster.

BP executives will also be grilled by U.S. lawmakers at congressional committee hearings on Tuesday and Thursday.

Related Stories:

BP unlikely to cancel dividend, but mulls several ideas:  source

Brazen disregard, from the wellhead to the tap

Chevron has the means to prevent an oil blow-out: report

Open Plastics

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Practitioner

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Yes, this is a book from Bokar Rinpoche and the blurb says it pretty well:

Giving up the ordinary activities of the mundane world to devote ourselves to spiritual practice alone would create an ideal condition for inner growth. This is possible for very few individuals. For the rest of us who must juggle work, family, friends, and deal with all kinds of emotions, ways to integrate our spiritual practice into daily life are much needed. This book gives us this guidance in a variety of situations so we can become more mindful about our daily life.

There are a treasure trove of written words that come from countless traditions.  Nothing pleases me more than diving into that sea of wisdom and just enjoying it, learning for the sake of learning, and nothing else.

And then there’s practicing.  It’s a whole other thing.

Practitioner

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Yes, this is a book from Bokar Rinpoche and the blurb says it pretty well:

Giving up the ordinary activities of the mundane world to devote ourselves to spiritual practice alone would create an ideal condition for inner growth. This is possible for very few individuals. For the rest of us who must juggle work, family, friends, and deal with all kinds of emotions, ways to integrate our spiritual practice into daily life are much needed. This book gives us this guidance in a variety of situations so we can become more mindful about our daily life.

There are a treasure trove of written words that come from countless traditions.  Nothing pleases me more than diving into that sea of wisdom and just enjoying it, learning for the sake of learning, and nothing else.

And then there’s practicing.  It’s a whole other thing.

Open Pocket

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