20april2007 Friday

Eyes were on the clock at 08:00

Rattling thru GulfNews...
1. Dubai Creek link to sea approved..will be completed by 2010.
2. Larry King: still going strong after 50 years... 40,000 interview... 7 marriages, 5 children-of age range from 50 to 06

Book:
The Wizard of Menlo Park: HOW THOMAS ALVA EDISON INVENTED THE MODERN WORLD WORLD.-By Randall Stross, Crown Publishers, $24.95
Reviewed by Tim Rutten (Gulf News):
Tittle: Iconic Inventor - entrepreneur
Tomas Edison was a shrewd genius who transformed himself from tinkerer to celebrity sage.... the book does a meticulous job of charting Edison's well-documented journey from peniless you telegrapher to interenational technical celebrity and, as a journalist himself, Stross does an adroit job ofshowing how Edison used his era's nascent popular press and magazines.... however, whatever his other achievements, for example, Edison was utternly conventional in his prejudices, which were common to his time and class....
Ford was then the country's most successful businessman and quite at home with his newfound friend's lack of commercial acumen. In fact, he once described Edison as "the world's worst businessman", a mann who " knows almost nothing about business".

Business:
1.India's Essar Global announces plan to buy out Minnesota Steel - Minnesota Steel which plans a $1.6 billion mining and steel making facility on northern Minnesota's iron range, is being bought out by India's Essar Global Ltd...Essat Global is an internatioal conglomerate with operations in steel, energy, communications, shipping and construction, with projected revenues of $10billion this fiscal year.
2. UAE residents to pay tax on capital gains in India - .. the change in the tax status will reduce the investment flows to India through the UAE as those entities prefering capital gains will opt fo jurisdiction such as Mauritius.
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