At least 84 dead in 'terrorist' Nice truck attack

July 15, 2016

Nice (France), Jul 15: A truck ploughed into a crowd in the French resort of Nice, killing at least 84 people today in what President Francois Hollande called a "terrorist" attack on revellers watching a Bastille Day fireworks display.

Bastille

The driver was shot dead after barrelling the truck two kilometres through the festive crowd on the palm-lined Promenade des Anglais, sending hundreds fleeing in terror and leaving the area strewn with bodies.

Authorities said they found identity papers belonging to a 31-year-old French-Tunisian citizen in the truck, as well as "guns" and "larger weapons".

The attack was of an "undeniable terrorist nature," a sombre Hollande said in a televised national address, confirming that "several children" were among the dead as families came together to celebrate France's national day.

The bloodshed came on Bastille Day, a celebration of everything France holds dear, its secular republic and the values of "Liberte, Egalite, Fraternite" (Freedom, Equality, Fraternity).

The attacker struck after a day of military pomp and ceremony in Paris -- where armed forces, tanks and fighter jets swooped down the Champs Elysees avenue -- and spectacular firework displays.

"France was struck on its national day ... the symbol of freedom," said Hollande. A photograph showed the front of the truck riddled with bullet holes and badly damaged, with burst tyres. A lone doll lay abandoned on the promenade where families celebrated the holiday just hours earlier.

Robert Holloway, an AFP reporter who witnessed the white truck driving at speed into the crowd, described scenes of "absolute chaos". "We saw people hit and bits of debris flying around. I had to protect my face from flying debris," he said.

Interior Minister Bernard Cazeneuve told reporters on the scene that the death toll stood at 84, with scores injured including 18 in "critical condition". The attack is the third major strike against France in less than 18 months and prosecutors said anti-terrorist investigators would handle the probe.

It comes eight months after Islamic State attacks on Paris nightspots left 130 people dead, dealing a hard blow to tourism in one of the world's top destinations.

US President Barack Obama condemned "what appears to be a horrific terrorist attack", although no group had yet claimed responsibility. Hollande announced he would extend France's state of emergency for three months in the wake of this latest attack and "step up" the government's action against jihadists in Syria and Iraq.

He also called up army reservists to bolster the country's security services that are stretched to the limit.

Comments

observer
 - 
Friday, 15 Jul 2016

Countries like USA, Russia, Israel and India are ruled by murderers engaging in destabilizing the world in the name of Islam. Anti Islam agenda is their prime aim.

arjun
 - 
Friday, 15 Jul 2016

@comment #3
Boppanna seems to be right going by the number of mindless terror attacks by Muslims. Terror has no religion but the terrorists are always Muslim. Shame on such a bike cult, where the majority abets the criminality of terrorists.
S

Bopanna
 - 
Friday, 15 Jul 2016

Muslims are like cockroaches and have no place in a civilized society.
They should be removed from civil society and put on islands

Bopanna
 - 
Friday, 15 Jul 2016

Moshanba you are the frustrated one not me. Taqiiyya always as usual
I can give u the verses if u want

naren kotian
 - 
Friday, 15 Jul 2016

where are jihadis in mangalore ... hahaha ... zakir naik skype video nodtha ummah ge jai , lakadi pakadi jummah ohh ummah ankondu kootirbeku ... or 4 options jothe population jaasthi madodu helkodtha irbahudu i mean appa amma aata... hahaha ... france incident proves who is real blood thirsty and it is another henious crimes committed by muslims ... very shocking and discgusting ... they can stoop anylevel ... kachada galu ...mekka and madina dalle bomb madagthave andre .. maklu yaav range nalli corrupted mind and frustrated souls agirbeku ...

moshanna
 - 
Friday, 15 Jul 2016

Being in Saudi Arabia our frustrated Bopanna might not aware of the  punishment for twisting the verses of holy quran (blasphemy) .

imtiaz
 - 
Friday, 15 Jul 2016

this is gruesome... some psycho can only do this kind of heinous acts.....but media doesn't have any ryt to put d blame on entire religion.... ISIS does not represent Islam at all....ISIS is not Islam...jus cos few bastards grow beard n waive black flags doesn't mean that they r muslims.....

ISlam is the religion Of Allah,,,, n Allah alone will protect His religion.....

Vijay
 - 
Friday, 15 Jul 2016

All \peace \" commentators left India to join IS?"

Bopanna
 - 
Friday, 15 Jul 2016

Why are the followers of Religion of \Piece\" not commenting here ?
It's written in the Koran that the month of Ramadan should be one to sow the seeds of terror in the hearts of non Muslims.

Can you tell the truth rather than taqiiyya ?"

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Agencies
July 21,2020

Washington, Jul 21: Democrat Joe Biden urged Muslim Americans on Monday to join him in the fight to defeat President Donald Trump as he addressed an online summit hosted by the advocacy organisation Emgage Action to mobilise Muslim voters ahead of the presidential election.

I want to earn your vote not just because he's not worthy of being president, the presumptive presidential nominee told participants.

I want to work in partnership with you, make sure your voices are included in the decision-making process as we work to rebuild our nation.

Biden also reiterated a pledge to overturn a Trump administration ban on travelers from several predominantly Muslim countries, calling it vile.

Wa'el Alzayat, CEO of Emgage Action, said by email that the organisation was seeking to maximise Muslim American turnout in key battleground states.

In Michigan alone one of the states where the organisation has chapters and where Trump won in 2016 by fewer than 11,000 votes he said he believed there are more than 150,000 registered Muslim voters.

Several prominent Muslim American elected officials endorsed Biden for president in a letter organised by Emgage Action ahead of the summit.

Among those who signed the letter are Minnesota Rep. Ilhan Omar, Minnesota Attorney General Keith Ellison and Indiana Rep. Andre Carson, all Democrats.

Omar, one of the first Muslim women elected to Congress, served as a high-profile surrogate for Bernie Sanders before he exited the presidential race in April making her support for Biden potentially helpful as the former vice president seeks to mobilise Muslim voters this fall.

Muslim American voices matter to our communities, to our country, Biden said.

But we all know that your voice hasn't always gotten recognised or represented.

Emgage Action has titled the event Million Muslim Votes, underscoring its emphasis on boosting Muslim turnout in November.

Joe Biden's presence serves not only to galvanise Muslim Americans to cast their ballots, but to usher in an era of engaging with Muslim American communities under a Biden administration, Alzayat said by email before the summit.

The pro-Biden letter from Muslim American elected officials decried a number of Trump's domestic and international policies, including his administration's travel ban and his pullout from the Iran nuclear deal.

A Biden administration will move the nation forward on many of the issues we care about, the letter said, citing racial justice, affordable health care, climate change and immigration.

The Muslim American officials also praised Biden's agenda for their communities.

Among other goals, Biden has vowed to rescind the travel ban affecting Muslims on Day One if he's elected.

In his address, he pledged to include Muslim American voices in his administration, if elected, and to speak out against human rights abuses against Muslim minorities around the world.

I'll continue to champion the rights of Palestinians and Israelis to have a state of their own as I have for decades, each of them a state of their own, he said.

Other state- and local-level Muslim American officials signing onto the pro-Biden letter hail from several states, including Michigan.

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Agencies
August 4,2020

Washington, Aug 4: US President Donald Trump gave popular Chinese-owned video app TikTok six weeks to sell its US operations to an American company, saying Monday it would be "out of business" otherwise, and that the government wanted a financial benefit from the deal.

"It's got to be an American company... it's got to be owned here," Trump said. "We don't want to have any problem with security."

Trump said that Microsoft was in talks to buy TikTok, which has as many as one billion worldwide users who make quirky 60-second videos with its smartphone app.

But US officials say the app constitutes a national security risk because it could share millions of Americans' personal data with Chinese intelligence.

Trump gave the company's Chinese parent ByteDance until mid-September to strike a deal.

"I set a date of around September 15, at which point it's going to be out of business in the United States," he said.

Whatever the price is, he said, "the United States should get a very large percentage of that price because we're making it possible."

Trump compared the demand for a piece of the pie to a landlord demanding under-the-table "key money" from a new tenant, a practice widely illegal including in New York, where the billionaire president built his real estate empire.

"TikTok is a big success, but a big portion of it is in the country," he said. "I think it's very fair."

But Trump also threw a surprise new condition in any deal, saying the sale of TikTok's US business would have to result in a significant payout to the US Treasury for initiating it.

"A very substantial portion of that price is going to have to come into the Treasury of the United States, because we're making it possible for this deal to happen," Trump told reporters.

"They don't have any rights unless we give it to them," he said.

Sell or shut down

The pressure for a sale of TikTok's US and international business, based in Los Angeles, left the company and ByteDance facing tough decisions.

Trump has made TikTok the latest front in the ongoing political and trade battles between Washington and Beijing.

The app has been under formal investigation on US national security grounds because it collects large amounts of personal data on all its users and is legally bound to share that with authorities in Beijing if they demand it.

Both its huge user base and its algorithm for collecting data make it hugely valuable.

But being forced by the US government to sell at least its US business or be shut down -- and to then split the sale price with the US Treasury as Trump is demanding -- was an almost unheard-of tactic.

Shutting down could force users to switch to competitors, and many content creators are already encouraging followers to follow them on other social media platforms.

"The most obvious beneficiaries are Snapchat, Facebook and Twitter, with Snapchat likely being the biggest beneficiary," said investment analysts at Lightshed Partners.

Earlier Monday, ByteDance founder Zhang Yiming acknowledged the hefty pressure and said in a letter to staff, reported by Chinese media, that they were working around-the-clock "for the best outcome."

"We have always been committed to ensuring user data security, as well as the platform neutrality and transparency," Zhang said.

However, he said, the company faces "mounting complexities across the geopolitical landscape and significant external pressure."

He said the company must confront the challenge from the United States, though "without giving up exploring any possibilities."

According to Britain's The Sun newspaper Monday, as a possible consequence of the pressure, ByteDance is planning to relocate TikTok's global operations to Britain.

Pushing back

China's foreign ministry pushed back Monday, calling Washington hypocritical for demanding TikTok be sold.

"The US is using an abused concept of national security and, without providing any evidence, is making presumptions of guilt and issuing threats to relevant companies," said spokesman Wang Wenbin.

"This goes against the principle of market economy and exposes the hypocrisy and typical double standards of the US in upholding so-called fairness and freedom," he added.

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News Network
May 6,2020

Washington, May 6: At a time when the coronavirus pandemic has squeezed them, multi-national companies in America are laying off workers while paying cash dividends to their shareholders. Thus making the workers bear the brunt of the sacrifices while the shareholders continue to collect.

The Washington Post said in one of its reports that five big American companies have paid a combined USD 700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits.

Since the pandemic was declared an emergency, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker has been planning layoffs and furloughs.

Steelcase, an office furniture manufacturer, and World Wrestling Entertainment have also shed employees.

Executives of those companies told the Post that the layoffs support the long-term health of their companies, and often the executives are giving up a piece of their salaries. Furloughed workers can apply for unemployment benefits.

But distributing millions of dollars to shareholders while leaving many workers without a paycheck is unfair, critics argue, and belies the repeated statements from executives about their concern for employees' welfare during the coronavirus crisis.

Caterpillar, for example, announced a USD 500 million distribution to shareholders April 8, about two weeks after indicating that operations at some plants would stop. The company however declined to divulge how many workers are affected.

"We are taking a variety of actions globally, but we aren't going to discuss the number of impacted people," spokeswoman of the company, Kate Kenny, said in a reply to an email by the Post.

This spate of dividends is also likely to revive long-standing debates about economic rewards.

"There are no hard-and-fast rules about this," said Amy Borrus, deputy director of the Council of Institutional Investors, a group that argues for shareholder rights and represents pension funds and other long-term investors.

Many large US companies choose to issue a regular, quarterly dividend to shareholders, often increasing it, and they boast about these payments because they help keep the share price higher than it might otherwise be. Those companies might be reluctant to announce that they are cutting or suspending their dividend during a crisis, Borrus was further quoted as saying.

But "companies have to be mindful of the optics of paying dividends if they're laying off thousands of workers," she added.

On March 26, Caterpillar had announced that because of the pandemic, it was "temporarily suspending operations at certain facilities." Two plants, in East Peoria, Ill., and Lafayette, Ind., were coming to a halt, as well as a foundry in Mapleton, Ill., according to news reports.

"We are taking a variety of actions at our global facilities to reduce production due to weaker customer demand, potential supply constraints and the spread of the covid-19 pandemic and related government actions," Kenny said via email.

"These actions include temporary facility shutdowns, indefinite or temporary layoffs," she added.

Similarly, Levi Strauss announced April 7 that the company would stop paying store workers, and about 4,000 are now on furlough. On the same day, the company announced that it was returning USD 32 million to shareholders.

"As this human and economic tragedy unfolds globally over the coming months, we are taking swift and decisive action that will ensure we remain a winner in our industry," Chip Bergh, president and chief executive of the company, also told the Post.

Stanley Black & Decker announced on April 2 that it was planning furloughs and layoffs because of the pandemic. Two weeks later, it issued a dividend to shareholders of about USD 106 million.

The notion that a company's primary purpose is to serve shareholders gained prominence in the 1980s but has come under attack in recent years, even from business executives, the newspaper reported.

Corporate decisions to suspend dividends and buybacks are complex, however, and it is difficult to know whether these suspensions of dividend and buyback programs were motivated by a desire to conserve cash in anticipation of bad times, and how much they are prompted by a sense of obligation to employees.

Over recent decades, the mandate to "maximize shareholder value" has become orthodoxy, for many, and it is often unclear what motivates companies to pare dividends or buybacks for shareholders, said William Lazonick, an emeritus economics professor at the University of Massachusetts at Lowell, who has been one of the leading critics of companies that distribute cash to shareholders through stock buybacks and dividends rather than reinvesting the profits into employees, innovation and production.

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