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  • Max Conveyors GTB

    Montech Max Conveyors GTB are used to carry parts to or from the various manufacturing stations, or combined to form complete transport systems. The modular construction of the system permits simple adaptation to specific customer requirements.

    The conveyor is driven by a 230/400 V spur gear motor with big power reserves. This permits transportation of up to 125 kg in conveying mode. The following chassis widths are available: 200, 300, 400, 500, 600, 700 and 800 mm.

    The end drive version can be fitted above or below the belt depending on available space. The top drive version can transport products up to 80 mm high. The possible belt length is between 1 and 6 m. The center drive version is suitable for conveyors up to 15 m. The drive unit can be placed at any location.

  • New pneumatic control piston valve

    ODE presents the new angle seat pneumatic actuated 21IA series. The specific design is dedicated to OEMs and Distributors for usage with gaseous fluids, liquids, aggressive fluids and steam up to 180°C.
    The new ODE 21IA series is characterized by the angle seat body in stainless steel AISI 316, as all the components in contact with fluids. The angle seat specific body design allows to maintain the fluid flow extremely stable in order to guarantee a high flow values. The auto positioning floating shutter system and the Teflon ring guarantee good seal and reduced leakage over time. Moreover the particular configuration makes the valves resistant as well against fluids with abrasive and chemical contaminants. The standard configuration with flow in direction under shutter allows the execution anti water hammer. It’s available on demand even the version with flow above the shutter for application with gasses and steam.
    The gland system that guarantees the seal on the actuator stem is formed with a gasket kit in PTFE e FKM auto compensating that allows a long life of product and maintenance free execution.
    The Pneumatic actuator in reinforced Polyamide 66 with 30% of fiberglass, is guaranteed for functioning in heavy environmental conditions and is 360° rotatable in order to allow the positioning of the pneumatic connections in all direction.

    The available versions are Normally Closed and Normally Opened, the ODE value added is the possibility to be settled from Normally Closed to Normally Opened even directly by the customer following the easy here enclosed instructions.

    With the 21IA pneumatic action valves is possible to use the ODE 3/2 ways series 31A, 31JN in brass, 31L stainless steel and the 31JP in plastic.

  • Bacon Lip Balm

    Every time you eat bacon don’t you wish you could taste that cured meat flavor all day long? Well, now you can! Just carry around a tube of this Bacon Lip Balm and you can keep your lips moist and meaty around the clock. Warning: Your lips will smell like bacon, but they are not bacon. Do not bite your lips. Each tube is 2-1/2″ (6.4 cm) long with a twist bottom dispenser.

    View Bacon Lip Balm Details

  • Okla. mining waste to pave Kan. highways

    GreenWire: Mining waste from an Oklahoma Superfund site will be used to pave highways in Kansas, according to state and federal officials.

    The waste, known as chat, contains high levels of toxic lead, zinc and cadmium. Studies have shown that when encapsulated in asphalt or concrete, chat is safe to use as a highway material, according to Leslie Rauscher, a regional spokeswoman for U.S. EPA.

    “I’m comfortable they have done enough science to see that it’s safe,” said Gary Blackburn, director of the Kansas Bureau of Environmental Remediation.

    “The concern we had, there’s millions of tons of this material, and if it can be put to a useful purpose it’s so much better for the taxpayers.”

    The chat will be taken from the Tar Creek area, where mining polluted parts of Oklahoma, Missouri and Kansas. The site, which received more than $35 million in stimulus money and has already spent 25 years in remediation, will take another 30 years and $131 million to finish, according to EPA estimates.

    “This is the most devastating Superfund site in America,” said U.S. Sen. James Inhofe (R-Okla.). “Aluminum, lead, arsenic, zinc, all are there.”

    The waste will be used primarily on Kansan highways because the state is less restrictive on lead and zinc levels in asphalt than Oklahoma, Inhofe added (Sonya Colberg, Daily Oklahoman, Jan. 18). – PV

  • Peugeot 408 sedan tem primeiras imagens oficiais reveladas na China


    A Peugeot divulgou na última segunda (18) as primeiras imagens oficiais do seu novo sedan médio-grande 408 para o mercado chinês. O modelo foi totalmente desenvolvido na china e irá substituir o 407 sedan naquele mercado.

    Pelos detalhes das fotos o modelo segue a linha de design do restante da família Peugeot com faróis afilados indo em direção da coluna A e uma grande tomada de ar na parte inferior do pára-choque dianteiro no formato que lembra um sorriso. Na traseira as lanternas lembram claramente as lanternas do 406 sedan, é bem provável que a fonte de inspiração tenha vindo dele mesmo.

    Na parte interna parece que a Peugeot se preocupou bastante em deixar o carro com um acabamento caprichado e com um ar de luxo. As saídas do ar condicionado são redondas e lembra as saídas de ar do Audi A4 lançado em 2001, tendo três saídas no console central. Falando em console central, no topo dele há um GPS embutido. O modelo também aparenta ter bom espaço interno, embora a distancia entreeixo não tenha sido divulgada.

    Referente aos motores a Peugeot também não divulgou quais os motores equiparão o modelo na China, mais em uma das fotos aparece a descrição 2.0 na porta da frente do lado da roda dianteira. Aqui no Brasil o modelo certamente adotará os motores que equipam o 307 sedan, o 1.6 de 110cv com gasolina e 113 com álcool e o 2.0 de 143cv com gasolina e 151cv com álcool.

    Na verdade o carro das fotos nada mais é que a versão sedan do 308 europeu com alguns detalhes estéticos diferenciados do modelo hatch. Porque a Peugeot está adicionando mais 100 no nome do 308 sedan no mercado chinês não se sabe, é provável que seja para reduzir custos e vender médio a preço de grande. O fato é que este sedan será fabricado na Argentina e chegará ao nosso mercado em breve para substituir o rejeitado 307 sedan. Esperamos que o nosso 307 sedan não vire 408 e seu preço não seja exorbitante.

    Fonte: Peugeot


  • CGMS calibration question

    I am on day 11 of CGMS (MM 722 pump) – getting data that is pretty interesting and is going to be a help. One aspect I am trying to get better with is the calibration and stability. How long is long enough for "stable" BG to get an accurate claibration. My instructor told me not to look at the 3 hr graph, but to use the 24 hr to gauge stablity. All you folks on CGMS – how long of a stable period do you look for before you will use a finger stick to calibrate?

    Thanks for your help.

    Ken

  • Szukam zagranicznych portali dot. sprzed. nieruchomości

    Witam..
    Jako że to forum dotyczące ogólnie nieruchomości zapewne są tu osoby zajmujące się obrotem, sprzedażą.. itd..
    Byłbym bardzo wdzięczny za adresy internetowe dobrych Europejskich , międzynarodowych serwisów ogłoszeniowych coś jak KRN.pl , domiporta, otodom, … ale nie ograniczonych do danego kraju… na których można wystawić na sprzdaż większe nieruchomości, typu duży budynek wielomieszkaniowy, hotel itp.

    Z góry wielkie dzięki!

  • Sometimes Protecting Free Speech Means Protecting Speech You Don’t Like

    I’m a big fan of Vivek Wadhwa, who I think has done some excellent research showing the importance of skilled immigration and how it helps the US economy and helps expand jobs, rather than take them away. I’ve also been an outspoken supporter of encouraging greater skilled worker immigration into the US, as I believe it’s much better to have those individuals working in the US, for US companies, rather than working at home against US companies. I’ve been regularly yelled at and attacked for these views, often by a group of folks who all are on a particular mailing list of anti-immigration supporters that often runs into extremely racist territory. The people on that list seem to be under the belief that the world owes them high paying jobs, and they do not need to keep up on new technologies nor compete in the global marketplace. Some of those folks have set up a series of rather horrific websites that are blatantly racist, economically illiterate and at times disturbing, in their attacks on skilled immigration, specifically from India.

    However, last month, when some of those sites were taken down by a court order, we were among the first to suggest this was a major overstep by the court. The lawsuit was about these sites posting a work agreement from a company that employs many H-1B visa recipients, suggesting that the company abuses the visa system. I’m all for exposing abuses of the system, because I believe that a skilled immigration program works better without such abuses. Oddly, the company, Apex, accused the sites of both libel and copyright infringement over the posting of the documents. If it were libel, it would mean the postings were not accurate. If it were copyright infringement, then that means Apex is admitting the contents were covered by copyright (meaning, they were accurate).

    But rather than just demand the takedown of the specific content in question, the judge ordered the sites taken down completely, and even a Facebook group closed. That’s way over the line and goes well beyond what the lawsuit was about. It was great to see the EFF take up the case, but it’s a shame to see others miss the bigger picture.Esahc writes in to point out that Vivek Wadhwa has penned a column for TechCrunch blasting the EFF for defending these sites. I can understand why Wadhwa is upset about the sites. The sites are undoubtedly racist and despicable. They are also ignorant and economically illiterate. Some of the posts are, clearly, hate speech, and inciting violence against certain individuals.

    If the lawsuit filed by Apex was about that, then he might have a point. But it was not. The lawsuit targeted a specific piece of information on three sites, and because of that, the court shut down all three sites, and related Facebook pages. It’s an overreach. Yes, the sites are dreadful, but the EFF is absolutely right to try to prevent such a judicial overreach. One of the reasons so many immigrants want to come to the US and want to work here is because of our respect for free speech principles and not condoning overly broad censorship, even of speech that we find repugnant. In the past, I’ve stepped forward and supported the free speech rights of even those who have attacked me the most on certain topics, when they were also attacked. I think that Wadhwa is going too far in attacking the EFF in this case. I certainly don’t agree with the EFF on everything it does — but in this case, it has made the right decision. The anti-immigration websites are disgusting, vile, racist and ridiculous — but that doesn’t mean we should allow a court to shut them down completely over a single complaint over some specific information.

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  • Does Harold Ford Jr.’s Race Matter?

    Does Harold Ford Jr.’s Race Matter?
    New Yorkers, beware. It seems that former U.S. Rep. Harold Ford Jr., a transplant from Tennessee, has upset people again. Ford, an executive at Merrill Lynch and a New York University lecturer who might be seeking to unseat fellow Democrat Kirsten Gillibrand of New York in a race for the U.S. Senate, has made a very bold statement about his identity.

    Harold Ford Jr.

    By Marcia Alesan Dawkins

    New Yorkers, beware. It seems that former U.S. Rep. Harold Ford Jr., a transplant from Tennessee, has upset people again. Ford, an executive at Merrill Lynch and a New York University lecturer who might be seeking to unseat fellow Democrat Kirsten Gillibrand of New York in a race for the U.S. Senate, has made a very bold statement about his identity.

    Related Entries


  • Jennifer Lopez Hijacks “Lopez Tonight”

    Jennifer Lopez has entered the late night fray. The “Louboutins” star hijacked George Lopez’s late night show, Lopez Tonight, delivering a sidesplitting monologue to a packed studio audience.

    “Welcome to Lopez Tonight, where nobody gets fired, they just get replaced by a bigger star with the same last name,” the singer/actress quipped as she opened the TBS series on Monday.


  • Mike Smith: Kennedy May Have Called Coakley Outcome

    Mike Smith: Kennedy May Have Called Coakley Outcome
    Scott Brown has the audacity to run for a seat held by Sen. Edward M. Kennedy for 47 years and by a member of the Kennedy family for 53 years. He just might win.

    Massachusetts Senate Seat: Election Day Is Here
    BOSTON — Voters thronged to the polls in Massachusetts today in a special election Republicans hope will be a national game-changer, slowing down President Barack…

    Kathleen Kennedy Townsend: With Opposition To Healthcare, Brown Is Not The Pro-Life Candidate In Massachusetts Senate Race
    How is the defeat of health care a pro-life position? A recent study from Harvard Medical School claims 40,000 Americans die on average every year as a consequence of having no health insurance.

    Jeff Danziger: Glenn Beck, Palin

    Democrats In Danger Of Losing A Senate Seat As Massachusetts Voters Go To The Polls
    BOSTON — Voters thronged to the polls in Massachusetts today in a special election Republicans hope will be a national game-changer, slowing down President Barack…

  • Newsmax cites Franken-Coleman race to baselessly hype fears of a “stolen election” in MA

    Newsmax cites Franken-Coleman race to baselessly hype fears of a “stolen election” in MA

    In a January 18 Newsmax.com article, managing editor David A. Patten raises the prospect of a “stolen election” in the race for Massachusetts’ open Senate seat by citing “fears that a close election could trigger the same type of recount process that saw former GOP Sen. Norm Coleman’s lead over then-challenger Al Franken steadily evaporate in Minnesota.” However, the Minnesota Supreme Court stated that “[n]o claim of fraud in the election or during the recount was made by either” Franken or Coleman, and experts reportedly said that there was a “lack of crookedness in” Minnesota that debunks claims that the Minnesota election was stolen.

    Newsmax: Franken-Coleman shows risk of “stolen election” in MA

    In the article, Patten repeatedly raises the possibility that the election between Democrat Martha Coakley and Republican Scott Brown would be “stolen” by Democrats given the race between Franken and then-Sen. Norm Coleman. From the article, headlined “Republican Fears of Stolen Election Grow in Massachusetts”:

    The specter of Minnesota’s bitterly contested election contest between Al Franken and Norm Coleman now hangs over Tuesday’s special election in Massachusetts, with Republicans and conservative pundits warning that anything less than a clear-cut victory for GOP challenger Scott Brown over Democrat Martha Coakley risks a “stolen election.”

    Brown appears to be surging. Increasingly desperate in the campaign’s waning days to save their supermajority in Congress, Democrats are doing everything they possibly can to keep the seat.

    Several Obama advisers have told Democratic Party officials in recent days that the administration expects Coakley is likely to lose the election Tuesday, CNN White House correspondent Ed Henry reported.

    President Obama’s last-minute visit on Coakley’s behalf Sunday coincided with a flurry of attack ads against Brown. The ads’ accusations are so flagrant that Brown’s campaign has announced it plans legal action.

    John Fund, the election expert, author, and Wall Street Journal online commentator, told Newsmax that Brown probably has to win by at least 20,000 votes to avoid “the margin of litigation.”

    Republicans are crowding the blogosphere with fears that a close election could trigger the same type of recount process that saw former GOP Sen. Norm Coleman’s lead over then-challenger Al Franken steadily evaporate in Minnesota.

    “Actual vote stealing will occur” on Tuesday, Fund told Newsmax. But he expects it will be reduced “because ACORN is discredited and adrift and there are serious anti-fraud efforts being mounted.”

    […]

    “They’re very much aware of how to stuff ballot boxes,” [NewsBusters.org associate editor Noel] Sheppard said. “They obviously know how to play the game. They obviously stole the Franken seat several months ago.”

    “One of the scary things” about the election is that getting the most votes may not be enough to win the race, Sheppard said.

    “I think Brown’s going to have to win by a good 3 percent of the vote, or else we’re getting into a Franken-type situation, and we’ll be recounting votes for God knows how long. And obviously that benefits the Democrats,” he told Newsmax.

    As of 5:30pm E.T. on January 18, Newsmax’s “stolen election” claim is promoted at the top of its homepage:

    Coleman challenged vote count but did not make a single allegation of vote fraud

    Minnesota Supreme Court stated that Coleman did not make any allegations of vote fraud. In its decision rejecting Coleman’s appeal of the decision declaring Franken the winner of the 2008 Minnesota Senate race, the Minnesota Supreme Court stated that “[n]o claim of fraud in the election or during the recount was made by either party” and that “Coleman’s counsel confirmed at oral argument that Coleman makes no claim of fraud on the part of either voters or election officials.”

    Experts cite “lack of crookedness in the [Minnesota] election”

    St. Paul Pioneer Press: Experts said there was a “lack of crookedness in the election.” The Pioneer Press reported in a June 29, 2009, article (from the Nexis database): “Experts said the lack of crookedness in the election, as well as a commitment to the law and not politics, allowed the five state high court justices to explore the key issues in depth.” The Pioneer Press added: “Rick Hasen, an election law professor at Loyola Law School in Los Angeles, said the court’s ruling Tuesday was so thorough that it also ruled out the possibility that either candidate — or their lawyers — could be accused of stealing the election.”

    Pioneer Press: “no corruption charges to undermine the fundamental fairness, transparency and accuracy of Minnesota’s election system.” The Pioneer Press wrote in a September 25, 2009, article that there were “no corruption charges to undermine the fundamental fairness, transparency and accuracy of Minnesota’s election system — from the common-folk election judges to the esteemed Supreme Court justices — and no new evidence to show that Coleman had in fact won.”

    MN reporter Black: “lack of any evidence of fraud, or even attempted fraud.” In a September 30, 2009, post on his MinnPost.com blog, former Minneapolis Star Tribune reporter Eric Black wrote: “As I’ve written before, the lack of any evidence of fraud, or even attempted fraud, in this excruciatingly close, highly scrutinized election is something of which Minnesota should be proud.”

    Election law professor Foley:  “election was about as far from ’stolen’ as any extraordinarily close and intensely disputed election could be.”  On July 1, 2009, Ohio State University election law professor Edward B. Foley responded to claims that the Coleman-Franken election was stolen, writing:  “this election was about as far from ’stolen’ as any extraordinarily close and intensely disputed election could be–and to use that term in this context is to rob it of appropriate meaning for those situations in which election officials abuse their power to throw an election for a preferred candidate, thereby robbing an opponent of a rightful victory.” 

  • Bay Staters…GO VOTE!


    I thought this would be the worst day ever. Last Monday during the baby’s 15 month routine checkup, his doctor heard a systolic heart murmur. He told me not to panic, but promptly handed me a referral for a pediatric cardiologist. I am going today at 9:30 for my little man to have an Echo and EKG. Despite all the doctors assurances, I am pretty upset about it.

    …But, I do have to say that the special election today in Massachusetts is helping to keep my mood afloat. I think if it weren’t for the whole damper of someone questioning the function of my baby’s heart, I’d be absolutely giddy…

    Teddy Kennedy, champion of the socialization of health care, replaced by a Republican vowing to be the vote to end the health care bill? Could anything be better?

    Even though the latest polls have SCOTT BROWN polling at 51 over Coakley’s 46 (Holy crap!), I am trying not to get my hopes too far up because this really is just too good to be true.

    Bay Staters…Go Vote! Everyone else…fingers crossed!

  • Montevideo / Remodelación de la Plaza Matríz

    Encontré esto en El País, parece que ya comenzaron. Yo al menos no sabía que ésto se iba a hacer…:dunno:

    ———————————————-

    Matriz: comenzó obra y trasladan a los artesanos
    Recuperación de la plaza llevará tres meses, dice la IMM

    Hace por lo menos dos años que se viene hablando de la recuperación de la Plaza Matriz. Por fin, las obras se pusieron en marcha y no demandarán "más que tres o cuatro meses", asegura la Intendencia de Montevideo.

    Se trata de una intervención superficial, sin grandes cambios, que permitirá recuperar y hermosear una de las plazas emblemáticas de Uruguay, escenario entre muchos hechos históricos de la Jura de la Constitución de 1830.

    A raíz de los trabajos que se han puesto en marcha en la Ciudad Vieja, la intendenta interina de Montevideo, Hayra Rodríguez, resolvió ayer el traslado de los feriantes que trabajan en la plaza, en su gran mayoría vendedores de antigüedades.

    La feria se instalará provisoriamente -mientras duren las obras- en la calle Juan Carlos Gómez, desde Sarandí hacia Rincón. Y funcionará en el mismo horario que lo hace actualmente: de 10 a 17 horas.

    Según la resolución municipal, los puestos deberán armarse en tres filas por Juan Carlos Gómez, debiendo quedar libre la acera de acceso al Cabildo.

    La feria se monta normalmente los días viernes y sábados, aunque durante la temporada de cruceros -hasta abril- también funciona de lunes a jueves.

    MEJORAS

    Según los anuncios municipales, se instalarán en la Plaza Matriz un circuito de riego y rejas para el contorno de los canteros.

    La fuente principal, que ahora se encuentra inactiva, tendrá un nuevo sistema hidráulico, aunque los trabajos de restauración del monumento se harán más adelante. (o sea, esperemos sentados…:bash:)

    A su vez, se mejorará la iluminación y se limpiarán los graffitis, pintadas, pegatinas y empapelados que se encuentran en el área.

    PLANES

    Dentro del llamado Plan Especial Ciudad Vieja se evalúan cuatro áreas estratégicas "deterioradas" para recuperar: la zona del puerto, la escollera Sarandí, el acceso Norte y el acceso Sur.

    Además, se definieron otros puntos de rehabilitación: Las Bóvedas, el entorno del Solís, Pérez Castellano y Yacaré, y la plaza Isabelino Gradín.

    La Ciudad Vieja ocupa unas 120 hectáreas, sin contar el área portuaria que le ha ganado importantes espacios al mar con el correr de los años.

    De esas 120 hectáreas, 13% son espacios públicos. El 16,3% de los 1.800 padrones del barrio tiene un importante grado de protección patrimonial y viven allí unas 15.800 personas.

    El País Digital

    http://www.elpais.com.uy/10/01/19/pnacio_466297.asp

  • Eletronuclear irá propor lugares para usina no Nordeste

    Agência Estado – Publicação: 18/01/2010 15:21

    A Eletronuclear deve encaminhar ao governo federal até o final de fevereiro cinco propostas de locais para serem construídas duas usinas nucleares no Nordeste do País. Entre as propostas, há pelo menos uma área próxima ao Rio São Francisco, que está praticamente certa de ser encaminhada. "Não sabemos se vai ser na foz, ou no meio do Estado, mas a região que beira o São Francisco está sobre uma base calcária, muito difícil de ser encontrada no País", comentou assistente da Presidência da Eletronuclear, Leonam Guimarães, em evento para discutir o tema, promovido pelo Clube de Engenharia.

    De acordo com ele, estão sedo estudadas microrregiões nos Estados da Bahia, Sergipe, Pernambuco e Alagoas, locais em que serão identificadas as cinco propostas a serem encaminhadas ao governo. A ideia, disse, é que até o final do ano o governo federal escolha uma entre as cinco propostas. "A decisão será política e as duas usinas serão construídas no local, com possibilidade de ampliação para até seis unidades no futuro. O impacto econômico-social para a região escolhida será fantástico", afirmou.

    Ele negou que exista riscos ambientais com a utilização da água do Rio São Francisco para a usina. "Ao contrário de Angra dos Reis, em que utilizamos a água do mar para refrigeração da usina teremos uma torre de refrigeração que vai utilizar muito pouco a água do rio", explicou. Segundo o assistente da presidência, as duas demais usinas programadas para serem construídas até 2030 serão construídas no Sudeste, em área ainda a ser estudada pela Eletronuclear. "Vamos começar este procedimento apenas no final do ano, após o governo ter escolhido a localidade das primeiras duas." Cada uma das quatro unidades terá capacidade para gerar 1 mil megawatts (MW).

    Ainda de acordo com Guimarães, as obras para a construção da usina nuclear de Angra 3 deverão ser iniciadas em fevereiro. As obras aguardam apenas a licença de construção que deverá ser concedida pela Comissão Nacional de Energia Nuclear (CNEN). Segundo ele, o atraso de pelo menos dois meses na concessão desta licença se deve a uma ação movida pelo Ministério Público de Angra dos Reis, que visava suspender a licença parcial das obras, concedida no ano passado.

    "Depois que concluímos toda a fase inicial, com a impermeabilização do solo, o MP pediu uma liminar para cancelar a licença. A liminar foi cancelada, porque a obra já havia sido realizada, mas a CNEN aguarda o julgamento do mérito da ação para dar continuidade ao licenciamento", explicou. Segundo ele, o atraso no lançamento destas obras, já adiou o término da usina de maio para julho de 2015.

    Fonte: UAI/Estado de Minas

  • Haiti update: Children’s team delivers a healthy baby boy

    James Sheard (right) a firefighter-paramedic from Hingham, and Shannon Manzi, an ER pharmacist at Children's Hospital Boston exchange glances upon arrival at the already-occupied mission location late night, Jan 17.  The DMAT 1 team at long last secured secure transit to their mission location to set up a field hospital, but the journey took more than five hours and included hour after hour of delay while the teams stood packed tightly together in idling dump trucks. Credit: Dina Rudick/Globe Staff

    James Sheard (left) a firefighter-paramedic from Hingham, and Shannon Manzi, an ER pharmacist at Children's Hospital Boston exchange glances upon arrival at the already-occupied mission location late night, Jan 17. The DMAT 1 team at long last secured secure transit to their mission location to set up a field hospital, but the journey took more than five hours and included hour after hour of delay while the teams stood packed tightly together in idling dump trucks. Credit: Dina Rudick/Globe Staff

    After several days of trying to make their way to the site of the devastation in Haiti and get their field hospital set up, the Children’s team is working hard in Port-au-Prince to care for the earthquake victims.

    As detailed in this Boston.com article, Children’s Pediatrician-in-Chief, Gary Fleisher, MD, even helped bring some light into a very dark situation when he delivered a healthy baby boy yesterday.

    We’ll have more updates on the work of the Children’s team as soon as we have them.

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  • BUSINESSWEEK: Kraft Foods, Cadbury agree $19.5 bln deal

    The Associated Press January 19, 2010, 5:57AM ET

    By ROBERT BARR

    British candy maker Cadbury PLC on Tuesday accepted and recommended to shareholders Kraft’s improved takeover offer worth $19.5 billion, potentially ending a months-long corporate battle to create the world’s largest maker of chocolate and sweets.

    The U.S. food conglomerate said the board of Cadbury, maker of Creme Eggs and Dentyne gum, had unanimously endorsed the offer worth 840 pence per share, or 11.9 billion pounds in total. Cadbury shareholders will also get a 10 pence dividend previously promised by Cadbury.

    The revised bid is for 500 pence cash and 0.1874 new Kraft shares for each Cadbury share, still somewhat less than some analysts believed the company is worth but 50 percent higher than Cadbury’s market value before Kraft went public with its approach.

    Kraft Foods Inc.’s previous offer of 10.5 billion pounds ($17.1 billion) valued Cadbury at about 770 pence, but was dismissed by the British company’s management as “derisory.”

    Kraft still has to persuade a majority of Cadbury shareholders to accept the deal, and the door remains open until 7 a.m. (0200 GMT) Monday for The Hershey Co. to jump in with a rival bid.

    The combined companies would be the world leader in chocolate and sweets, Kraft said, and No. 2 globally in the high-growth gum market. But some in Britain are disgruntled at the prospect of a historic brand losing its independence.

    Cadbury traces its roots to the grocery store opened in 1824 by John Cadbury in Birmingham. A Quaker, Cadbury believed cocoa and drinking chocolate were healthy alternatives to alcohol, considered to add to the miseries of the working class.

    Its Dairy Milk chocolate brand was launched in 1905 as a challenge to dominant Swiss chocolate makers.

    “We have great respect for Cadbury’s brands, heritage and people. We believe they will thrive as part of Kraft Foods,” said Kraft’s CEO Irene Rosenfield.

    “This recommended offer represents a compelling opportunity for Cadbury shareholders, providing both immediate value certainty and upside potential in the combined company.”

    Cadbury Chairman Roger Carr, who had led a spirited defense against Kraft’s previous offer, said he believed the deal “represents good value for Cadbury shareholders.”

    Cadbury shares were up 3.3 percent at 834 pence following the announcement.

    “Although we always considered that 850 pence could be enough to win shareholder support we have to admit surprise at how meekly Cadbury has apparently acquiesced,” said Jeremy Batstone-Carr, analyst at Charles Stanley & Co.

    Only last week, Batstone-Carr added, the Cadbury chairman “had confidently predicted that the company’s share price could be over 10 pounds (1,000 pence) in due course.”

    Kraft predicted pretax cost savings of at least $675 million a year once the combination has been working for three years.

    Tuesday was the deadline for Kraft to raise its offer. Cadbury shares moved above 800 pence on Monday, indicating the market was looking for Kraft to jump to that level or higher.

    The British company had fought hard against Kraft’s initial offer announced in December, rejecting it as a “derisory” bid from an unfocused, underperforming conglomerate.

    The agreed price is 13 times Cadbury’s earnings before interest, taxes, depreciation and amortization; Cadbury had argued that similar recent takeovers in the sector had been for 14 times EBITDA or more.

    Kraft may still have a battle winning endorsement from Cadbury shareholders, and The Hershey Co. has until Saturday to decide whether it wants to make a rival bid.

    Feb. 2 is the deadline for Kraft to win acceptance from holders of a majority of Cadbury shares.

    David Cumming, head of U.K. equities at Cadbury shareholder Standard Life, had said Monday that Kraft needed to aim above 900 pence to secure support from long-term shareholders. But on Tuesday, he signaled the fight was over. “I probably won’t go against the view of Cadbury’s management,” he told the BBC.

    Kraft, based in Northfield, Illinois, had raised the cash portion of its offer earlier this month from 300 pence to 360 pence after selling its North America pizza business to Nestle for $3.7 billion.

    Billionaire investor Warren Buffet, whose Berkshire Hathaway is Kraft’s biggest shareholder, had warned against offer any more shares for Cadbury. Buffett declared last year that he believed Kraft’s original offer for Cadbury was “pretty full.”

    Kraft said the latest offer reduces the share portion, and thus won’t need to be approved by its shareholders.

    Cadbury has some 45,000 employees in 60 countries, including 5,600 staff in British and Irish plants.

    The Unite union in Britain had campaigned against Kraft’s bid, fearing that Kraft could slash 7,000 jobs in order to manage the debt needed to finance a takeover.

    Prime Minister Gordon Brown told reporters that the government was “determined that the levels of investment that take place in Cadbury’s in the United Kingdom are maintained.”

    “We are determined of course, that, at a time when people are worried about their jobs, jobs in Cadbury can be secured.”

    The report of a deal drew a sharp response from Felicity Loudon, a great granddaughter of Cadbury’s founder Egbert Cadbury.

    “I don’t know what they’re doing,” Loudon told Sky News. “Kraft will have to asset strip to afford anything.”

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