15 Mar 2010

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RI PT IO N BS C SU THE LEADING INDEPENDENT DAILY IN THE ARABIAN GULF

40 PAGES

MONDAY, MARCH 15, 2010

RABI ALAWAL 29, 1431 AH

Rio’s zoo a maternity ward for endangered species

Thaksin rally issues ultimatum to Thai government PAGE 10

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New Labor Law serialized inside Starting from today and for the next ten days, Kuwait Times will publish the new Labor Law in the private sector in parts for the enlightenment of our readers. Readers who have any comments on the law are welcome to express their views constructively via email at local@kuwaittimes.net (See Page 3)

in the news

NO: 14668

150 FILS

Alonso marks Ferrari debut with Bahrain victory

Rampant Rooney puts United back on top

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Legal panel clears KD 5,000 handout Bill sent to financial panel • Info minister gears for grilling

Dar wins legal protection KUWAIT: A Kuwaiti court has granted troubled firm Investment Dar, which owns half of luxury British carmaker Aston Martin, legal protection from creditors, the company said yesterday. The Kuwaiti firm, which has more than three billion dollars of debt, applied to come under the state’s financial protection law, which was enacted about a year ago to help companies face the global financial crisis. The leading Islamic investment firm is the first company to resort to protection under the law. The court “has accepted the Investment Dar request to come under the financial stability law,” the company said in a statement posted on the Kuwait Stock Exchange website. “Accordingly, all legal actions against the company will be halted,” it added.

By B Izzak

Global reports loss again KUWAIT: Global Investment House, a leading Kuwaiti investment firm which is implementing a debt restructuring plan, said yesterday it posted a loss in 2009 for the second straight year. Global said in a statement on the Kuwait Stock Exchange that it posted a loss of KD 148.8 million ($516 million) in 2009 compared to a shortfall of KD 257.6 million ($894 million) in the previous year. The company has been severely impacted by the global financial crisis and in Dec 2008 it defaulted on all of its estimated three billion dollars in debt. But last December, it struck a deal with creditors to restructure $1.73 billion in debt, promising to repay all the loans within three years. The company’s assets dropped to $2.9 billion at the end of last year from $4.35 billion at the end of 2008, while assets under management fell to $5.9 billion from $7.6 billion in the previous year.

ARLINGTON, Texas: Manny Pacquiao of the Philippines celebrates after defeating Joshua Clottey from Ghana in a unanimous decision during their WBO boxing welterweight title fight in Cowboys Stadium Saturday. — AP (See Page 18)

Filipinos cheer Pacquiao win MANILA: Filipinos rejoiced yesterday at boxing hero Manny Pacquiao’s victory in the United States after the country’s electricity provider pulled out all the stops to ensure people could watch the fight. Live coverage of the 12-round fight between Pacquiao and Ghana’s Joshua Clottey went without a hitch af ter Energy Secretary Angelo Reyes warned: “If people don’t get

to watch Manny Pacquiao, it’s big trouble. That is a national catastrophe.” In the weeks ahead, Manila and the southern Philippines had suffered daily power outages. As in previous Pacquiao fights, the streets were empty as millions of fans were glued to television sets and radios. Police reported a “zero crime rate” - a phenomenon seen during previous Pacquiao fights,

when even hardened criminals and guerrillas followed the event. Pacquiao easily defeated Clottey by a unanimous decision to retain his World Boxing Organization welterweight title at the Cowboys Stadium in Texas. “I owe this to all my fellow Filipinos, most of all to my family,” he told DZBB radio afterwards. C o n t i n u e d o n Pa g e 1 4

KU WA I T: T h e N a t i o n a l Assembly’s legal and legislative committee yesterday approved a draf t law that requires the government to provide as a grant KD 5,000 to each Kuwaiti citizen aged 21 and above, M P Wa l e e d A l -Ta b t a b a e i said. He said the committee established that the bill is not in violation of the constitution and other laws, and then sent it to the financial and economic affairs committee which is the concerned panel to discuss the financial implications and cost of the bill. The bill was proposed by MP Saleh Ashour who initially sought a grant of KD 10,000 for each Kuwaiti citizen. It was submitted after the government said it will reject a law passed by the Assembly requiring the government to scrap interest on loans taken by citizens and reschedule the principal over a long period. The government has already rejected the debt relief law and its suppor ters do not have a two-thirds majority, or 44 votes, to override the government rejection. Finance Minister Mustafa AlShamali has already said the government will reject any proposals that stipulate cash handouts to citizens. If approved, the bill will cost the state coffers billions of dinars. C o n t i n u e d o n Pa g e 1 4

Mini clip safer than heart-valve surgery ATLANTA: Many people with leaky heart valves soon might be able to get them fixed without open-heart surgery. A study showed that a tiny clip implanted through an artery was safer and nearly as effective as surgery, doctors reported yesterday. The device is already on sale in Europe, and its maker, Abbott Laboratories, hopes to win approval to sell it in the United States next year. Elizabeth Taylor reportedly got one last fall - the 77year-old actress told fans about it on Twitter.

About 8 million people in the US and Europe have leaky mitral valves - the valve between the heart’s left upper and lower chambers. Not all are so bad they need treatment, but the worst cases can lead to heart failure over time. In the study, six times more people who had surgery suffered complications during the next month than those who got Abbott’s MitraClip. Deaths, strokes and blood transfusions were less common with the device. C o n t i n u e d o n Pa g e 1 4

‘Irked’ Egypt cancels synagogue ceremony CAIRO: Egypt canceled the inauguration of a restored synagogue yesterday citing objections to Israel’s treatment of Muslims in the occupied territories as well as alleged excesses during an earlier ceremony. Egypt’s Supreme Council of Antiquities spent seven months restoring the ruined Ben Maimon synagogue in Cairo’s ancient Jewish quarter and had been set to unveil it to the press yesterday, a week after its rededication in a private ceremony. Council head Zahi Hawass called off yesterday’s event following criticism in the press of the synagogue’s rededication ceremony, which was attended by Israeli diplomats as well as the American ambassador. C o n t i n u e d o n Pa g e 1 4

Netanyahu calls for calm as US tensions boil over

BELHARI, India: This Feb 18, 2010 photo shows Indian boy Deepak Kumar, 7, crying as he walks with a parasitic twin growing from his torso in this village in Bihar. — AFP

Parents of 8-limbed child hope for help PATNA, India: Seven-year-old Deepak Kumar, born with four legs and four arms in one of the most impoverished states of India, is still too young to understand why pilgrims come to the house to worship him. His severe physical disability, which his parents want treated with surgery, has turned him into a religious icon for some local Hindus who see a resemblance to the multi-limbed deity Vishnu. “Some people give me money, fruit and sweets. Sometime I also get flowers from them,” said the child, from Belhari village about 125 km from Patna, the capital of the northeastern Indian state of Bihar. His plight is rare, say campaigners, but it highlights the misunderstanding of disability in India, as well as the

lack of medical care for those born with defects, particularly in rural areas. “Some people with folded hands bend before him, others are touching him like a deity and many offer money or sweets for divine blessings,” his mother, Indu Devi, told AFP during an interview with the family in Patna. She says her third son’s survival surprised local doctors and village elders in this rural area who held out little hope of him surviving after birth. Many children born in India with his level of physical disability - he has the extra limbs owing to a parasitic twin attached at his chest - would have died during birth or become one of India’s many unreported infanticide cases, campaigners say. Continued on Page 14

Israel’s Maariv newspaper JERUSALEM: Prime said in an editorial. Its front Minister Benjamin page showed a car toon of Netanyahu urged calm yesObama boiling Netanyahu in terday as an angr y a large pot, under a banner Washington said it was headline, “In flames”. insulted by Israel’s Israel has long viewed the “destr uctive” announceUnited States as its most ment of plans to expand important ally and a crucial settlements in east partner in confronting Iran’s Jerusalem. The rift is seen nuclear drive, which the by many in Israel as the Jewish state sees as its greatest crisis to hit the greatest strategic threat. two close allies in decades, “We are heading into crucial and it appeared to be deepdays. The Iranian nuclear ening as senior US officials threat requires a prime mincontinued to berate Netanyahu despite his pub- JERUSALEM: Israeli ister who is the US presilic apology on Thursday. Prime Minister Benjamin dent’s darling,” the Maariv “We opened the papers this Netanyahu chairs the editorial said. “Instead, we have gotten ourselves a morning and saw the analyses and reviews. I suggest weekly cabinet meeting in prime minister who is very close to being persona non we not get car ried away, his office yesterday. — AP and calm down,” Netanyahu said ahead of a grata in Washington.” Analysts said the crisis was a result of weekly cabinet meeting. “We know how to deal with situations like these, calmly, Netanyahu trying to manoeuvre one too many times between his mostly rightwing responsibly and seriously.” Israel had thought the crisis - provoked by governing coalition and the United States, an announcement of plans for 1,600 new set- which has been pushing him toward peace tler homes in mostly Arab east Jerusalem talks with the Palestinians. “It is a very seriduring a visit by US Vice President Joe Biden ous crisis. During his first year Netanyahu - was over following the apology. But the manoeuvred in a very sophisticated way, United States has signalled over the weekend walking on a tightrope like acrobat, and I that things were far from business as usual. think this is the first time he fell from the US Secretary of State Hillary Clinton berated rope,” said Alon Liel, a former director of Netanyahu in a 43-minute phone conversa- Israel’s foreign ministry. “It still remains to be seen how painful it tion before telling the press the move was “insulting,” and sent a “deeply negative sig- will be,” he told AFP. “We have come to a moment of truth and Netanyahu has to make nal” about Israel’s ties to its top ally. Yesterday David Axelrod, one of President up his mind if he is serious about honestly Barack Obama’s closest advisers, echoed responding to US and inter national Clinton’s remarks, saying the announcement demands.” Last week’s announcement over was an “insult” to the United States and the settlements dealt a heavy blow to months “very destructive” to the peace process. of US-led efforts to relaunch peace talks “The crisis is still in full force and has between Israel and the Palestinians that were reached new heights. It appears to be far last suspended during the December 2008 to more severe than anything we’ve known in January 2009 Gaza war. C o n t i n u e d o n Pa g e 1 4 the past decade, and perhaps even longer,”

TBILISI: Georgians protest in front of the private television station Imedi which showed a hoax TV news report on a Russian invasion late Saturday. — AP

Outrage in Georgia over faked ‘Russia invasion’ TBILISI: Outraged Georgians yesterday slammed a local television channel that sparked panic by broadcasting a faked report announcing that Russia had launched an invasion and the country’s president was dead. The Georgian opposition condemned the newscast as a state-sponsored stunt aimed at smearing President Mikheil Saakashvili’s critics while the president himself added to the furore by appearing to defend the broadcast. The report, aired Saturday night on privately owned Imedi television, said Russian tanks were headed for the capital Tbilisi, Saakashvili had been killed and that some opposition leaders had sided with invading forces. “It was indeed a very unpleas-

ant program but the most unpleasant thing is that it is extremely close to what can happen and to what Georgia’s enemy has conceived,” Saakashvili said in televised remarks. Local news agencies said the program provoked widespread alarm, a record number of calls to emergency services and multiple incidents of heart attacks and fainting, though officials yesterday said no deaths had been reported. The report showed footage taken from the Aug 2008 war that saw Russian forces pour into Georgia and bomb targets across the country. A brief notice before the report said it was a “simulation” of possible events but the report itself carried no warning it was a fake. C o n t i n u e d o n Pa g e 1 4


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