bloombergphotos:

Malaysian Air’s Mounting Losses                    
A Malaysian Airline System Bhd. corporate flag flies at half-mast in front of the control tower at Kuala Lumpur International Airport in Sepang, Malaysia.
Malaysian Air, reeling from its second disaster in four months, is likely near the end of its days as a publicly traded company.
The company plans to present a revival plan to its state-run parent Khazanah Nasional Bhd. this week, people familiar with the matter said yesterday, asking not to be identified because the talks are private. The options range from Khazanah taking Malaysian Air private to bankruptcy, according to one of the people, with both routes involving a delisting.
Malaysian Air says its focus is on the victims and families of Flight 17, while the loss of 537 lives and two planes since March is straining the carrier’s ability to stay in business. Even a month before the latest disaster, Khazanah was estimating that the unprofitable airline only had enough funds to last it about a year.
“They don’t have the luxury of time,” said Mohshin Aziz, an analyst at Malayan Banking Bhd. in Kuala Lumpur. “Malaysian Air doesn’t have a huge balance sheet, it’s still struggling from perception issues. We will probably see drastic measures.”
Read more in the Bloomberg story by Elffie Chew and Kyunghee Park.
Photographer: Brent Lewin/Bloomberg
© 2014 Bloomberg Finance LP

bloombergphotos:

Malaysian Air’s Mounting Losses                    

A Malaysian Airline System Bhd. corporate flag flies at half-mast in front of the control tower at Kuala Lumpur International Airport in Sepang, Malaysia.

Malaysian Air, reeling from its second disaster in four months, is likely near the end of its days as a publicly traded company.

The company plans to present a revival plan to its state-run parent Khazanah Nasional Bhd. this week, people familiar with the matter said yesterday, asking not to be identified because the talks are private. The options range from Khazanah taking Malaysian Air private to bankruptcy, according to one of the people, with both routes involving a delisting.

Malaysian Air says its focus is on the victims and families of Flight 17, while the loss of 537 lives and two planes since March is straining the carrier’s ability to stay in business. Even a month before the latest disaster, Khazanah was estimating that the unprofitable airline only had enough funds to last it about a year.

“They don’t have the luxury of time,” said Mohshin Aziz, an analyst at Malayan Banking Bhd. in Kuala Lumpur. “Malaysian Air doesn’t have a huge balance sheet, it’s still struggling from perception issues. We will probably see drastic measures.”

Read more in the Bloomberg story by Elffie Chew and Kyunghee Park.

Photographer: Brent Lewin/Bloomberg

© 2014 Bloomberg Finance LP

fotojournalismus:

Thousands flee Gaza’s Shujaiyah after night of terror | July 20, 2014

They walked in their thousands, barefoot and in their pyjamas, streaming out of the eastern Gaza district of Shujaiyah after a night of non-stop Israeli bombing.

They described hours of terror, as tank shells slammed into homes, with no electricity and no way to escape.They called ambulances, but there was no way for the vehicles to get in under the constant fire.

So in the end, thousands of desperate residents fled on foot at first light, walking two hours or more into Gaza City. They left behind the bodies of the dead in the streets of their neighbourhoods — in Nazzaz, in Shaaf and in other parts of this flashpoint area between Gaza City and the Israeli border.

One of those fleeing was Sabreen Hattad, 34, with her three children. “The Israeli shells were hitting the house. We stayed the night because we were so scared but about six in the morning we decided to escape,” she said. “But where are we supposed to go? The ambulances could not enter and so we ran under shell fire.” Three other men pass by in a hurry clutching bedding in their arms. Asked what they had seen they would only answer: “Death and horror.”

Many of those escaping Shujaiyah made for Gaza’s central Shifa hospital, which was engulfed by chaotic scenes and ambulances ferrying the dead came in a steady steam, among them a local TV cameraman Khaled Hamad and paramedic Fuad Jabir, killed during the overnight offensive, wheeled out wrapped in a bloody plastic shroud. "He wasn’t a fighter, he was a fighter for humanity," wailed one relative as the family buried him. ”He was an ambulance worker, did he deserve to die?” 

Shifa hospital administrator Dr. Hasan Khalas confirmed that 112 Palestinians were killed across Gaza last night, at least 60 dead in Shujaiyah only. Dozens of victims in Shujaiyah haven’t been identified. ”This is the worst I’ve ever seen it,” said Doctor Said Hassan, who has worked at the hospital for eight years.

More than 60 Palestinians were killed, including 17 children, and 210 injured in Shujaiyah massacre so far. The ongoing Israeli military attacks on the Gaza Strip have so far displaced more than 135,000 Palestinians, according to a report. The death toll is expected to rise as Israeli shelling continues and more bodies are uncovered, while today’s total across the Gaza Strip has passed 90 already, bringing the 13-day total death toll to more than 410, with at least 3,000 injured.

Photos:

1. Smoke rises during what witnesses said were heavy Israeli shelling at the Shujaiyah neighbourhood. (Mohammed Salem/Reuters)

2. A wounded Palestinian man reacts after the death of his relatives, who medics said were killed during heavy Israeli shelling at the Shujaiyah district, at a hospital. (Suhaib Salem/Reuters)

3. A Palestinian woman wearing clothes stained with the blood of other relatives, who medics said were wounded in Israeli shelling, cries at a hospital. (Mohammed Salem/Reuters)

4. Palestinians flee the Shujaiyah neighbourhood. (Finbarr O’Reilly/Reuters)

5. A Palestinian woman reacts after the death of her relatives, who medics said were killed during heavy Israeli shelling at the Shujaiyah district, at a hospital. (Suhaib Salem/Reuters)

6. Palestinians flee the Shujaiyah neighbourhood. (Finbarr O’Reilly/Reuters)

7. A Palestinian woman, who medics said was wounded during heavy Israeli shelling, stands at a hospital. (Mohammed Salem/Reuters)

8. Palestinians flee the Shujaiyah neighbourhood. (Finbarr O’Reilly/Reuters)

9. Palestinian policemen and medics carry a man, who medics said was wounded in Israeli shelling, at a hospital. (Suhaib Salem/Reuters)

10. Palestinians flee the Shujaiyah neighbourhood. (Finbarr O’Reilly/Reuters)

at Las Vegas Strip

Finding The New York Times in Washington DC is impossible

  • Me: Do you have today's New York Times?
  • Owner: In the back.
  • Me: Those are from last Sunday.
  • Owner: Yesterday's?
  • Me: Today's.
  • Owner: Tomorrow. That paper comes on Sundays.

He’s useless in a hospital!

In memory of a star

Mental gluttony, or over-reading, is a dangerous propensity, tending to weakness of digestive power, and in some cases to loss of appetite.
Lewis Carroll  (via good)
newyorker:

Photographer David Alan Harvey captures scenes from the favelas of Rio de Janeiro to Copacabana Beach, during the FIFA World Cup: http://nyr.kr/1mh51kb
Above: Woman watching a match in Copacabana.

newyorker:

Photographer David Alan Harvey captures scenes from the favelas of Rio de Janeiro to Copacabana Beach, during the FIFA World Cup: http://nyr.kr/1mh51kb

Above: Woman watching a match in Copacabana.

I’m in the middle of America and it’s pretty amazing (at Downtown Vermillion)

I’m in the middle of America and it’s pretty amazing (at Downtown Vermillion)

The new Bloomberg Media | Capital New York

"The metaphor we’ve used is to own global business the way ESPN owns sports." He cited "the multiplatform power of a brand like ESPN, which really surrounds and in many ways suffocates the audience with all these different platforms and all these different vantage points."

thesimpsonswayoflife:

In honour of the Gay Pride Parade, I’ve collected some of the gay kisses that appeared on the show.

FUN FACT: The Simpsons was the first animated series to show a kiss between two males on American television. That was in 1990 on the episode Simpson and Delilah.

Watching the #WorldCup at … Costco

Watching the #WorldCup at … Costco

It’s official: My @aereo account is dead. A month’s worth of Simpsons and six months of Seinfeld recordings gone. Thanks for all the fish. And thanks Virginia Lamb, greatest PR in New York.

It’s official: My @aereo account is dead. A month’s worth of Simpsons and six months of Seinfeld recordings gone. Thanks for all the fish. And thanks Virginia Lamb, greatest PR in New York.

Russel Botman arrives at Conservatorium on Flickr.Ter herinnering aan ‘n fantastiese man: Professor Russel Botman

Russel Botman arrives at Conservatorium on Flickr.

Ter herinnering aan ‘n fantastiese man: Professor Russel Botman

Met these extraordinary South Africans @riaanmanser @vastigee in NYC yesterday. Made me miss the kind of inspiration and optimism you only find back home

Met these extraordinary South Africans @riaanmanser @vastigee in NYC yesterday. Made me miss the kind of inspiration and optimism you only find back home