| G20
leaders wary of protectionism
A downpour in Washington has a new meaning at
the G20. On a gloomy, rainy afternoon, 20 heads
of state including India, the UK, the US, France
and all other G20 members, will meet to decide
the future of the global economy. George Bush
set the agenda in a speech to Wall Street saying
free market capitalism will be the key message
at the G20 over the weekend.
George Bush said the “aim should not be
more government. It should be smarter government.”
Bush believes the current crisis is "a decisive
moment for the global economy" and that like
any other system, capitalism is not perfect. Members
of the G20 have varied expectations from this
meet. The optimists are looking for stronger regulation
for the excesses in the system. The realists are
certain a weekend meeting will not end the woes
of the economy or even Wall Street for lack of
an agreed-upon cause of this crisis. The pessimists
are sure that with a lame duck President, though
can still call the shots, any package will not
be convincing or confident.
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US drone fires missiles into Pakistan, up to twelve
dead
US drones fired at least three missiles into
Pakistan's Waziristan tribal region on Friday,
killing up to twelve people including five foreigners,
security officials told Reuters. "We have
reports that 12 people were killed, including
five foreigners," a paramilitary official
told Reuters by telephone from the area. Several
competing death tolls have been reported with
some officials claiming 13 people were killed
and other 10.
The attack targeted Ghari Wam, a remote village
on the border between North and South Waziristan
at roughly 2am. The largely ungoverned tribal
region along the Pak-Afghan border is a known
Taliban and al Qaeda sanctuary.
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Punjab governor administers oath of office to
newly appointed member of PPSC: Mahal
The Punjab Governor and Administrator, Union
Territory, Chandigarh, Gen. (Retd.) S.F. Rodrigues,
PVSM VSM administered the oath of office, secrecy
and allegiance to the Constitution of India, to
Dalbir Singh Mahal as a Member of the Punjab Public
Service Commission, at a brief but impressive
ceremony in the Banquet Hall of Punjab Raj Bhavan,on
Friday.
Earlier, the Chief Secretary,R.I. Singh sought
the permission of the Governor to start the swearing-in-ceremony.
Soon after being sworn in,Dalbir Singh Mahal,
signed the oath, counter-signed by the Governor.
Punjab Chief Minister,Parkash Singh Badal along
with his cabinet colleagues and Speaker Punjab
Vidhan Sabha,Nirmal Singh Kahlon graced the occasion.
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DoCoMo makes open offer for Tata Tele
Japanese telecom firm NTT DoCoMo Inc today announced
a Rs 949 crore open offer to the shareholders
of Tata Teleservices (Maharashtra) Ltd for up
to 20 per cent equity at Rs 24.70 per share. The
open offer price represents a premium of 3.73
per cent over TTML's Wednesday's closing of Rs
17.99.
The scrip of TTML had surged as much as 18 per
cent on the bourses in early trade. At 12.24 hrs
shares of TTML were trading at Rs 20.70, up 15.06
per cent on the BSE. The open offer would be made
by DoCoMo along with Tata Sons and is scheduled
to begin on January 8 and close on January 27,
2009, TTML said in a filing to the Bombay Stock
Exchange. The offer is for acquiring 38,42,41,919
shares or up to 20 per cent.
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Davydenko beats Del Potro to
reach semis
Russian Nikolay Davydenko outslugged Argentine
Juan Martin Del Potro 6-3 6-2 in a winner-takes-all
battle for a place in the semi-final of the Masters
Cup on Thursday. The 27-year-old world number
five joined Novak Djokovic and Andy Murray in
the last four, reaching the knockout stage for
the second time in four appearances at the season
finale for the top eight players in the world.
Defending champion Roger Federer must beat Briton
Murray on Friday to claim the final place in the
last four, which will otherwise go to Frenchman
Gilles Simon.
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