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Saturday, November 21, 2009
News Making Money

New Administrative Division of Tbilisi

29/10/2009 18:00 (22 Day 21:40 minutes ago)

The FINANCIAL -- According to Civil Georgia, Tbilisi City Council approved on October 29 a municipality proposal to divide the capital city’s six districts into thirty smaller sub-districts.

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“The cornerstone of this new administrative division is to listen to the Tbilisi tes in all districts and manage to reach out to all the residents… and better address their problems,” Gigi Ugulava told City Council members on October 29.

 

Irakli Alasania, leader of opposition Alliance for Georgia, who plans to run for the Tbilisi mayoral office, said the authorities move aimed at upcoming local elections. He said while responding to questions on one of the Georgian internet discussion forums on October 29, that the authorities were trying “to mobilize administrative resources” ahead of the polls. President Saakashvili offered to hold local self-governance elections on May 30, 2010, but the date has not been yet officially set.

 

Opposition member of the City Council from the Labor Party, Paata Jibladze, criticized the new administrative division of the capital city saying that it would further increase administrative costs of the municipality.

 

According to the proposal new posts of head and deputy head of a sub-district will be created and the positions will be occupied by local residents of a given sub-district.

 

It is not yet clear whether the electoral districts will also be established based on this new administrative division.

 

 

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Politics
Ruling Party Firm on 30% Threshold for Mayoral Election

21/11/2009 13:54 (01:46 minutes ago)

The FINANCIAL -- According to Civil Georgia, the ruling party has already compromised on number of key electoral issues, including on rule of electing Tbilisi mayor and now expects the Alliance for Georgia to reciprocate and agree on 30% threshold for electing the capital city’s mayor, a senior ruling party lawmaker said on November 20.

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World News
Christian leaders issue "The Manhattan Declaration: A Call of Christian Conscience."

21/11/2009 14:25 (01:15 minutes ago)

The FINANCIAL -- A group of prominent Christian leaders and scholars unveiled a joint declaration on November 20. The declaration issues a clarion call to Christians not to accept rules and laws concerning abortion and gay marriage.

U.S. to send expert group to N.Korea ahead of envoy's visit

21/11/2009 13:51 (01:49 minutes ago)

The FINANCIAL -- According to RIA Novosti, the United States will send a group of experts on Korean affairs to North Korea on November 21 for talks on the country's nuclear program, ahead of a visit by Washington's envoy, Yonhap news agency said.

Americans Have Very Different Attitudes to Different Countries in, or Near the Middle East

21/11/2009 13:05 (02:35 minutes ago)

The FINANCIAL -- Americans may not be known for being good at geography or history, but they do have very different opinions of different countries, including countries in or near to the Middle East.

UN panel criticizes Iran over post-election crackdown

21/11/2009 12:16 (03:24 minutes ago)

The FINANCIAL -- According to RIA Novosti, the UN General Assembly's human rights committee has passed a resolution condemning the Iranian government for the crackdown on protests following the June presidential election.

CityLife
Miley Cyrus tour bus crashes, killing the driver

21/11/2009 12:20 (03:20 minutes ago)

The FINANCIAL -- The driver of a tour bus for Miley Cyrus died on November 20 when the vehicle crashed in Virginia, another person was injured when the bus, one of several in a group carrying the singer's band and crew, ran off the side of the road and overturned. The 16-year-old “Hannah Montana’’ star Miley Cyrus wasn’t on board.



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Markets
NASDAQ OMX Launches New Fixed Income Index

21/11/2009 10:40 (05:00 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm announces that it has launched a new fixed income index named OMRX All Index, which will act as a benchmark for the Swedish bond and money markets.

Jobs
ILO Governing Body calls for comprehensive crisis response

21/11/2009 11:32 (04:08 minutes ago)

The FINANCIAL -- The Governing Body of the International Labour Office called for an “employment oriented” response to the global economic crisis based on policy measures set out in the ILO’s Global Jobs Pact.

TRAVEL BIZ
Carlson Hotels Appoints Michael Hutchins as Vice President of Development for Radisson Hotels & Reso

21/11/2009 11:16 (04:24 minutes ago)

The FINANCIAL -- Carlson Hotels Worldwide on November 20 announced the appointment of Michael Hutchins to the position of vice president of development for Radisson Hotels & Resorts for the Eastern United States and Canada. Radisson is the flagship, full-service brand for the hotel division.

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Oil&Auto
All-new Kia Soul awarded 2010 'Top Safety Pick' by Insurance Institute for Highway Safety in the U.S

21/11/2009 13:01 (02:39 minutes ago)

The FINANCIAL -- Further exemplifying its exceptional quality and safety, the 2010 Kia Soul has yet again been recognized by the Insurance Institute for Highway Safety (IIHS) in the U.S. and been given a 2010 'Top Safety Pick' award for the second consecutive time this year in the Small Car category.

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INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (2 Day 03:01 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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