Word: friday
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Tenenbaum is expected to testify in his own defense tomorrow or Thursday at the United States District Court for the District of Massachusetts, and the presentations from both plaintiff and defense are on track to end by Friday...
...Friday, July 24, thousands of workers at the state-owned Tonghua Iron and Steel Group in Jilin province protested the planned takeover of their employer by the privately held Jianlong Steel, according to reports in the Chinese press and from the Hong Kong-based Information Center for Human Rights and Democracy. Some of the steelworkers rioted and beat to death Chen Guojun, a Jianlong representative. Jianlong had previously purchased a stake in Tonghua, and workers feared that with a takeover the company would lay off thousands of Tonghua employees. "Chen disillusioned workers and provoked them by saying most of them...
...Friday's violence occurred as prospects for China's steel industry are turning around. The government's $586 billion stimulus package has set off a massive infrastructure-building spree, creating a huge demand for steel. In June crude-steel production hit nearly 50 million tons - 6% higher than in the previous year, according to the World Steel Association, and close to an all-time high. "Demand has just exploded in the first half of this year as a result of the government's stimulus package and bank lending," says Jim Lennon, a Macquarie Bank analyst. "Steel demand is massive...
...invested in the company in 2005 but then pulled out as Tonghua lost money amid the global downturn this spring. But as China's steel demand surged, Tonghua turned a profit of $6 million last month, renewing Jianlong's interest. After the killing of Jianlong's representative on Friday, the local government announced the deal was canceled, China Daily reported...
...camaraderie of resistance was visible at the July 17 Friday prayer sermon given by former President Ali Akbar Hashemi Rafsanjani at Tehran University. Nonreligious Iranians turned up for political reasons. The devout showed them how to carry out the rituals, with strangers handing out newspapers as substitute prayer mats for overflow crowds. Men and women prayed together, a regime taboo. When Rafsanjani referred to detainees, the crowd interrupted by roaring, "Political prisoners must be freed!" Calling for support of Iran's Supreme Leader, who backed the crackdown, another prayer official intoned, "We are all your soldiers, Khamenei! We await your...