April 29, 1988 |
Australian magnate Robert Holmes a Court sold most of his corporate empire today after failing to resurrect it from the October stock market crash, when he saw his fortune drop from billions to millions. The once-feared corporate raider sold almost all his 39.9% controlling stake in Bell Group, his main company, to fellow Perth magnate Alan Bond and the Western Australia State Government Insurance Commission for about $240 million.
July 25, 2009
One hundred and fifty years after California began exploiting Chinese immigrants to lay the foundation for its golden prosperity while shutting them out of its benefits, the state has apologized. The legislation expressing the state's "profound regret" for discriminatory laws is purely symbolic, carrying with it no obligation for reparations akin to the $20,000 paid by the federal government in 1988 to Japanese and Japanese Americans who were interned during World War II.
August 28, 2002 |
MOVIES Australian Census: The Force Is With Them The Australian Bureau of Statistics said Tuesday that more than 70,000 people in Australia identified their religion as Jedi in last year's census. As in Alec Guinness' Obi-Wan Kenobi and "Star Wars." Chris Brennan, president of the Star Wars Appreciation Society, speculated that only 5,000 of the Jedi respondents were "hard-core" believers. Another 50,000 put it down for fun, and the others "did it just to give the government a bit of curry."
July 15, 2011 |
After 10 months of negotiations and sometimes nasty public debate, Australia's government has finally announced the details of a carbon tax of $24.65 a ton, aimed at lowering greenhouse gas emissions by discouraging the use of fossil fuels and increasing investment in renewable energy. In 2015 it will be replaced by an emissions trading program. The plan, announced Sunday by Prime Minister Julia Gillard, will now go before Parliament, but its passage is assured as it is the result of a deal reached with the Australian Greens and two independents with whom the Labor Party formed a government last year.
January 11, 1987 |
Young travelers can get help in several ways in this city that has three youth accommodations facilities and is the only major Australian city to publish a brochure designed for them. You can pick up a copy of "Young People's Guide to Adelaide" at the South Australia Government Travel Center, 18 King William St. It includes a city map and suggestions for low-cost accommodations and camping facilities, entertainment, sights, public transportation and markets.
October 4, 2000 |
The next president of the International Olympic Committee should be Belgium's Jacques Rogge, says Michael Knight, the Australian state government minister who headed the operational team that put on the Sydney Games. Knight said today that if the IOC "wants to keep the reform process going," Rogge is the "only sensible person" to succeed Juan Antonio Samaranch, the Spaniard who has been atop the IOC for 20 years and who retires next July.
April 30, 1988 |
Corporate raider Robert Holmes a Court, who on Friday finally succumbed to fallout from the October stock market crash, combined the manners of an aristocrat with the doggedness of the self-made man. The South African-born Holmes a Court, who sold out most of his corporate empire to arch-rival Alan Bond and the Western Australia State Government Insurance Commission, left an indelible mark on Australian business life.
June 12, 2001 |
The European Commission is investigating whether Hollywood movie studios are charging consumers artificially high prices for movies sold on digital video discs in Europe. The inquiry into DVD pricing practices by Vivendi Universal, News Corp.'s 20th Century Fox, AOL Time Warner Inc., Walt Disney Co., Metro-Goldwyn-Mayer Inc., Sony Corp. and Viacom Inc.'s Paramount Pictures was announced Monday by European Union Competition Commissioner Mario Monti.
June 27, 1999 |
"If you want to catch a tiger," Kim Hak Yong was saying, "you have to go into the tiger's cave." Today, Kim and his North Korea team enter that cave. They face the United States in a game at Foxboro Stadium that they have to win to reach the quarterfinals of the Women's World Cup. And the tiger is waiting. Both teams are coming off impressive victories. The U.S. mauled Nigeria, 7-1, in Chicago on Thursday, the same day North Korea upset Denmark, 3-1, in Portland, Ore.