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Bahama Islands News, Articles and Information
Tuesday July 11, 2006 - 12:19 EST
SINGAPORE -- (PRESS RELEASE) -- Kerzner International Limited (NYSE: KZL) and CapitaLand Limited (SGX: C31) ("CapitaLand") announced today the appointment of world-celebrated architect Frank O. Gehry as principal architect and designer for their joint Integrated Resort ("IR") bid at Sentosa Island in Singapore. Gehry, winner of the prestigious Pritzker Architecture Prize, regarded as the "Nobel Prize" of architecture, and the Gold Medal from the American Institute of Architects, has achieved legendary status for his landmark creations, the most notable being the world-famous Guggenheim Museum in Bilbao, Spain. The museum represents an amazing construction feat and has encouraged significant visitation to the destination. Since opening in 1997, 8.1 million people have visited the museum, and in the 2005 year, the museum generated economic activity worth S$376.1 million, helping to maintain 4,900 jobs during the year.
MIDDAY BUSINESS REPORT: Aquila credit picture improving
Kansas City-based Aquila Inc . could see its credit rating improve after a two- or three-week review by Fitch Ratings in Chicago.Fitch said this morning that it put Aquila's long-term credit ratings on its Rating Watch Positive list pending the detailed look at its financial situation. The ratings cover about $2 billion of Aquila's debt.
The positive outlook at Fitch follows Aquila's announcement Friday that it had escaped its long-term energy purchase contracts with an Illinois power plant. Aquila paid another company $218 million to take over its obligations under the tolling contracts with Elwood Energy LLC.
The 6-year-old contracts had allowed Aquila to sell natural gas to the power plant and required Aquila to buy the electricity produced. Aquila also had to pay even if it didn't tap the plant to produce power.
Final showdown for Clipper Fleet
The Clipper 05-06 Round the World Yacht Race left New York City today [5 July] for the final ocean showdown across the Atlantic to Jersey in the Channel Islands in race 11 which marks the last leg (leg 7) of this 35,000-mile global adventure.The fleet left the dock at North Cove Marina at 0930 (local) to head out into the Hudson River, sailing past the magnificent Statue of Liberty before continuing to the start line off Ambrose Light. The monsoon-like conditions failed to keep well wishers and the world's media away, even with golf-ball sized raindrops lashing the pavement! The crew were drenched before they even hit a single Atlantic wave.The ten-strong Clipper fleet will follow a classic ocean racing route; from Ambrose Light, across the Atlantic to an imaginary line between Lizard Point (UK) and Ushant (France)- the route which is commonly used for Transatlantic world speed records.Death of Jim Rubush saddens community R-BB assistant superintendent dies after battle with cancer
Editors note: Richland-Bean Blossom Community School Corp. assistant superintendent Jim Rubush died Saturday morning. Reporter Andy Graham last visited with Rubush Wednesday for this story.MARTINSVILLE
Jim Rubush, 59, seemed pleased to have visitors. He would have been even happier to have taken them fishing.
It was a gloriously crisp and sunny Wednesday afternoon, a cold front having chased away the customary July humidity the night before.
Rubush was at home, on the shores of Lake Edgewood in Morgan County, rather than at his Richland-Bean Blossom Community School Corp. office.
With a good fly rod cast through an open door, Rubush probably could have reached the water from where he lay in the hospital-model bed his hospice provider had delivered a couple of days earlier.
Immigrants in military are focus of hearing
While serving in Afghanistan and Iraq, Simon Castro learned to watch his back, knowing the enemy is nowhere and everywhere.But he noticed something very tangible, too. Many of the troops toting guns and kicking up dust by his side were like him -- immigrants from Central America, Haiti and elsewhere.
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