Billionaires who turned to politics

November 10, 2016

Donald Trump has become America's first billionaire businessman to serve as president. But he is following in the footsteps of other moguls who have jumped into the political fray elsewhere in the world.

The track record for these businessmen-turned-political leaders is decidedly mixed. Some have translated their private sector acumen into success in government. Others had tenures marked by scandal, and even a military coup.

Americans have elected presidents with business experience before among them, George W. Bush, who ran an oil company, and Herbert Hoover, a mining executive. But all moved into politics before running for the nation's highest office. Mr. Trump is the first American president to never have held elective office, or other high-level government or military post.

A look at some of the billionaires who blazed a trail from business to politics-

SILVIO BERLUSCONI, ITALY

1

Mr. Trump has drawn more comparisons to the brash Berlusconi, a three-term Italian prime minister, than perhaps any other foreign leader.
Both are irreverent and controversial, and they like to flaunt their lavish lifestyles. Each started his career in real estate, but made his name in the media world- Berlusconi built a fortune buying up television stations and Trump became a fixture in the New York tabloids and reality TV.

For Mr. Trump, that's probably about where he'd like the comparisons to end.

Mr. Berlusconi was a fixture in Italian politics for two decades, but his time in office was frequently marred by scandal. He was convicted of multiple crimes, including tax fraud and paying for sex with an underage prostitute, though the latter charge was overturned by an appeals court.

PETRO POROSHENKO, UKRAINE

2

Known as Ukraine's “Chocolate King,” Mr. Poroshenko made his fortune in the confectionary industry. Now he's a key Western partner in trying to resolve the heated dispute between Ukraine and Russia.

Mr. Poroshenko was elected president in 2014 following the public uprising that led to the ouster of Ukraine's pro-Russian leader. The billionaire businessman positioned himself as a friend of Europe and the United States, and indeed speaks and meets regularly with both President Barack Obama and Vice President Joe Biden.

But Mr. Poroshenko's tenure has coincided with more Russian meddling in Ukraine, particularly along the country's shared border. The U.S. has sent Ukraine tens of millions of dollars in non-lethal aid.

Mr. Poroshenko's transition from businessman to political leader also holds warning signs for Mr. Trump's financial future. The Ukrainian leader saw his net worth decline significantly after taking office.

THAKSIN SHINAWATRA, THAILAND

3

A telecommunications billionaire, Mr. Thaksin was Thailand's prime minister until he was ousted in a military coup in 2006.

During his tenure, Mr. Thaksin drew support from poorer voters who backed his reduction in hospital feeds and other populist programs.

But Mr. Thaksin's wealth would contribute to his political downfall. He faced corruption allegations after his family sold a company for $1.9 billion in a way that enabled them to avoid paying taxes on the sale, sparking a year of political tumult in Thailand that ended in the coup.

Though he's been in exile for several years, Thaksin remains involved in Thai politics from affair. Earlier this year, he weighed in on American elections, saying there was “some similarity” between himself and Trump.

“The cultures are very similar, the culture of being a businessman,” Thaksin told the Financial Times. “And then when successful businessmen come to politics, they give fresh air to political campaigns.”

SEBASTIAN PINERA, CHILE

4

Mr. Pinera's financial empire touched numerous parts of Chilean society. He held stakes in the country's largest airline, a television station and the popular football team Colo-Colo.

Turning to politics, Pinera campaigned on his private sector experience and became the first conservative to lead Chile since military rule ended in 1990. But his presidency launched to an inauspicious start a major earthquake disrupted his 2010 inauguration.

Chile experienced solid economic growth during Pinera's four—year term, but the president himself was deeply unpopular. Chile's constitution prohibits presidents from serving two consecutive terms. Pinera is eligible to run again in 2018.

Pinera hasn't been shy about weighing in on the U.S. election, levying sharp criticism of Trump. During an appearance in New York last fall, Pinera said the Republican would be a divisive leader and said his election would be a “tragedy.”

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Agencies
June 8,2020

Washington DC, Jun 8: Astronomers acting on a hunch have likely resolved a mystery about young, still-forming stars and regions rich in organic molecules closely surrounding some of them.

They used the National Science Foundation's Karl G Jansky Very Large Array (VLA) to reveal one such region that previously had eluded detection and that revelation answered a longstanding question.

The regions around the young protostars contain complex organic molecules which can further combine into prebiotic molecules that are the first steps on the road to life.

The regions, dubbed "hot corinos" by astronomers, are typically about the size of our solar system and are much warmer than their surroundings, though still quite cold by terrestrial standards.

The first hot corino was discovered in 2003 and only about a dozen have been found so far. Most of these are in binary systems, with two protostars forming simultaneously.

Astronomers have been puzzled by the fact that, in some of these binary systems, they found evidence for a hot corino around one of the protostars but not the other.

"Since the two stars are forming from the same molecular cloud and at the same time, it seemed strange that one would be surrounded by a dense region of complex organic molecules and the other wouldn't," said Cecilia Ceccarelli, of the Institute for Planetary Sciences and Astrophysics at the University of Grenoble (IPAG) in France.

The complex organic molecules were found by detecting specific radio frequencies, called spectral lines, emitted by the molecules. Those characteristic radio frequencies serve as "fingerprints" to identify the chemicals.

The astronomers noted that all the chemicals found in hot corinos had been found by detecting these "fingerprints" at radio frequencies corresponding to wavelengths of only a few millimetres.

"We know that dust blocks those wavelengths, so we decided to look for evidence of these chemicals at longer wavelengths that can easily pass through dust," said Claire Chandler of the National Radio Astronomy Observatory, and principal investigator on the project.

"It struck us that dust might be what was preventing us from detecting the molecules in one of the twin protostars," added Chandler.

The astronomers used the VLA to observe a pair of protostars called IRAS 4A, in a star-forming region about 1,000 light-years from Earth. They observed the pair at wavelengths of centimetres.

At those wavelengths, they sought radio emissions from methanol, CH3OH (wood alcohol, not for drinking). This was a pair in which one protostar clearly had a hot corino and the other did not, as seen using the much shorter wavelengths.

The result confirmed their hunch. "With the VLA, both protostars showed strong evidence of methanol surrounding them. This means that both protostars have hot corinos. The reason we did not see the one at shorter wavelengths was because of dust," said Marta de Simone, a graduate student at IPAG who led the data analysis for this object.

The astronomers cautioned that while both hot corinos now are known to contain methanol, there still may be some chemical differences between them. That, they said, can be settled by looking for other molecules at wavelengths not obscured by dust.

"This result tells us that using centimetre radio wavelengths is necessary to properly study hot corinos," Claudio Codella of Arcetri Astrophysical Observatory in Florence, Italy, said.

"In the future, planned new telescopes such as the next-generation VLA and SKA, will be very important to understanding these objects," added Codella.

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Agencies
May 15,2020

Kolkata, May 15: Veteran Bengali author Debesh Roy, who was conferred the Sahitya Akademi award for his novel 'Teesta Parer Brittanto', died at a private hospital in Kolkata on Thursday, his family members said.

Roy was 84 and he is survived by his son. His wife had died earlier.

He was admitted to the hospital near his residence at Baguihati, in the eastern fringes of the city, on Wednesday after having symptoms like sodium potasium imbalance, sugar problem and breathing problem, his family members said.

He suffered a massive cardiac arrest and died at 10.50 PM.

A regular contributor to a number of Bengali dailies, he was a staunch critic of the attacks on liberals by in the country in recent times and attended protest meetings despite his failing health.

He was born in Pabna in present-day Bangladesh on December 17, 1936. He had five decades of career as a writer.

Besides Teesta Parer Britanta', he will be remembered for books like Borisaler Jogen Mondal , Manush Khun Kore Keno and Samay Asamayer Brittanto . His first book was Jajati.

His last rites will be performed tomorrow.

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News Network
May 6,2020

Hyderabad, May 6: Away from city lights, two hours before Sunrise, people in India and across the world can witness Annual Meteor Shower called Eta Aquarids till May 28.

Observed since time immemorial, Meteor shower are commonly known as shooting stars which are nothing but dust flakes of comet/asteroid entering earth atmosphere.

This Annual Eta Aquarids Meteor Shower peaked on Wednesday at 02.30 am on Wednesday whereas presence of Full Moon was an obstacle outshining bright streaks of lights of this meteor shower zipping across the South Eastern sky.

As this meteor shower is active till May 28, people can still watch this celestial spectacle in early morning every day, Planetary Society of India (PSI) Director N Sri Raghunandan Kumar interacting with UNI said.

As per International Meteor Organization (IMO), 50 meteors per hour are expected to be seen on day of peak today. And this number would vary as days pass on till May 28 while earth passes through dust cloud of comet debris in its orbit.

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