Former US president George H.W. Bush dead at 94

Agencies
December 1, 2018

Washington, Dec 1: George H.W. Bush -- the upper-crust war hero-turned-oilman and diplomat who steered America through the end of the Cold War as president and led a political dynasty that saw his son win the White House -- died Friday. He was 94.

George W. Bush called his father a "man of the highest character and the best dad a son or daughter could ask for," in a statement announcing his death.

"The entire Bush family is deeply grateful for 41's life and love, for the compassion of those who have cared and prayed for Dad, and for the condolences of our friends and fellow citizens."

Bush's passing comes just months after the death in April of his wife and revered first lady Barbara Bush -- his "most beloved woman in the world" -- to whom he was married for 73 years.

The 41st American president was a foreign policy realist who navigated the turbulent but largely peaceful fall of the Soviet Union in 1989 and assembled an unprecedented coalition to defeat Iraqi strongman Saddam Hussein two years later.

But the decorated war pilot and former CIA chief suffered the ignominy of being a one-term president, denied a second term over a weak economy when he lost the 1992 election to upstart Democrat Bill Clinton.

His favoring of stability and international consensus stands in sharp contrast to the provocative bluster of fellow Republican and current White House occupant Donald Trump, a man whom Bush did not vote for in 2016.

Bush presided over economic malaise at home, and infuriated his fellow Republicans during a budget battle with rival Democrats by famously breaking his vow: "Read my Lips: No new taxes."

But he was the respected patriarch of a blue-blood political dynasty -- son George spent eight years in the White House, and son Jeb served as governor of Florida.

At the time of his death, Bush was the American president to have lived the longest.

Jimmy Carter was born a few months later, so he could quickly reset the record.

"America has lost a patriot and humble servant in George Herbert Walker Bush. While our hearts are heavy today, they are also filled with gratitude," former president Barack Obama said in a statement.

George Herbert Walker Bush was born on June 12, 1924 in Milton, Massachusetts into a wealthy New England political dynasty -- the son of Prescott Bush, a successful banker and US senator for Connecticut.

Bush had a pampered upbringing and attended the prestigious Phillips Academy in Andover, but delayed his acceptance to Yale in order to enlist in the US Navy on his 18th birthday and head off to war.

He flew 58 combat missions during World War II. Shot down over the Pacific by Japanese anti-aircraft fire, he parachuted out and was rescued by a submarine after huddling in a life raft for four hours while enemy forces circled.

Bush married Barbara Pierce in January 1945, shortly before the war ended, and the couple went on to have six children, including one, Robin, who died as a child.

Instead of joining his father in banking upon graduation from Yale University, Bush headed to bleak west Texas to break into the rough-and-tumble oil business.

He surprised many with his success, and by 1958 had settled in Houston as president of an offshore drilling company.

In the 1960s, Bush, now independently wealthy, turned to politics.

He was a local Republican Party chairman, and in 1966 won a seat in the US House of Representatives. He served there until 1970, when he lost a bid for the Senate.

Over the next decade, he held several high-level posts that took him and Barbara around the world: head of the Republican National Committee, US ambassador to the United Nations, envoy to China and director of the Central Intelligence Agency, where he was praised for restoring morale after revelations of widespread illegal activity.

He served as vice president to Ronald Reagan after losing to him in the 1980 Republican primary, an eight-year period of hands-on training for the top post he would go on to win by a solid margin in 1988, as the Cold War was coming to an end.

In a major test of the post-Cold War order, Saddam's million-man army invaded Kuwait in 1990 and looked set to roll into Saudi Arabia, which would have given the Iraqi strongman more than 40 percent of the world's oil reserves.

Bush famously vowed: "This will not stand, this aggression against Kuwait."

He assembled a coalition of 32 nations to drive Iraqi forces out in a matter of weeks with a lightning air and ground assault.

Some 425,000 US troops backed by 118,000 allied soldiers took part in Operation Desert Storm, decimating Saddam's military machine without ousting him from power -- a task that would be accomplished 12 years later by Bush's son.

Buoyed by his victory in the Gulf, Bush and his hard-nosed and widely respected secretary of state James Baker cobbled together the 1991 Madrid Conference to launch the Arab-Israeli peace process.

The conference was mainly symbolic, but it set the stage for the Oslo Accords two years later.

In late 1989, Bush sent US troops to Panama to oust strongman Manuel Noriega. He also set the groundwork for the North American Free Trade Agreement.

Domestically, however, the economy stalled and Bush broke his pledge not to raise taxes in order to reach a budget deal with Democrats -- a cardinal sin in the eyes of Republicans.

In 1992, Bush lost his re-election bid to Clinton -- whose aide coined the now famous slogan "It's the economy, stupid" -- as eccentric third-party candidate Ross Perot syphoned off conservative votes.

The elder Bush's cautious realpolitik would later be contrasted to his son's far more costly ambition to transform the Middle East, but "Bush 41" refused to weigh in on the debate, insisting he was proud of the presidency of "Bush 43."

After retiring from public life, Bush fulfilled a wartime pledge to one day jump out of a plane for fun and famously went skydiving on his 75th, 80th, 85th and 90th birthdays.

He joined Clinton to raise funds for victims of the 2004 Asian tsunami and the 2010 Haiti earthquake. In 2011, Obama awarded Bush the highest US civilian honor, the Medal of Freedom.

He worked with Carter, Clinton, Obama and son George to raise money for hurricane victims in Texas in 2017.

In 2001, Bush became just the second US president after John Adams to see his son become president.

Son Jeb made his own presidential run in 2016, but fell short in the Republican primaries against Trump.

Comments

Hassanabba
 - 
Saturday, 1 Dec 2018

he must be having pain that he given a birth to such a devil son who has millions of innocent life he caused in war,

 

amswer is simple you lived 94 year by killing and enjoying now you life your 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 year in hell in fire

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News Network
March 19,2020

Rome, Mar 19: Italy on Wednesday reported 475 new deaths from the novel coronavirus, the highest one-day official toll of any nation since the first case was detected in China late last year.

The total number of deaths in Italy has reached 2,978, more than half of all the cases recorded outside China, while the number of infections stood at 35,713.

The previous record high of 368 deaths was also recorded in Italy, on Sunday. The nation of 60 million has now recorded 34.2 percent of all the deaths officially attributed to COVID-19 across the world.

With the death rate still climbing despite the Mediterranean country entering a second week under an effective lockdown, officials urged Italians to have faith and to stay strong.

"They main thing is, do not give up," Italian National Institute of Health chief Silvio Brusaferro said in a nationally televised press conference.

"It will take a few days before we see the benefits" of containment measures, said Brusaferro. "We must maintain these measures to see their effect, and above all to protect the most vulnerable."

Imposed nationally on March 12, the shutdown of most Italian businesses and a ban on public gatherings are due to expire on March 25.

But school closures and other measures, such as a ban fan attendance at sporting events, are due to run on until April 3.

A top government minister hinted Wednesday that the school closure would be extended well into next month, if not longer.

The rates within Italy itself remained stable, with two-thirds of the deaths -- 1,959 in all -- reported in the northern Lombardy region around Milan, the Italian financial and fashion capital.

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News Network
January 9,2020

Srinagar, Jan 9: Envoys from 15 countries including the United States were shown around Srinagar on Thursday, the first visit by New Delhi-based diplomats since the government stripped Kashmir of its semi-autonomous status and began a harsh crackdown five months ago.

The diplomats were driven by Indian authorities in a motorcade amid tight security from the airport to the military headquarters in Srinagar, where they were briefed on the security situation, an army officer said. He spoke on condition of anonymity as he was not authorized to speak to reporters.

They also held discussions with civil society members and some Kashmiri politicians, said Raveesh Kumar, spokesman for the Ministry of External Affairs (MEA).

The objective of the visit, organized by the Union government, was for the envoys to see first-hand “how things have progressed and how normalcy has been restored to a large extent'' in Kashmir since August, Kumar told reporters in New Delhi.

In October, a group of European Parliament members had visited the region, which is claimed by both India and Pakistan.

The delegation that visited Kashmir on Thursday included US ambassador to India Kenneth Juster and diplomats from Bangladesh, Vietnam, Norway, the Maldives, South Korea, Morocco, Niger, Nigeria, Argentina, the Philippines, Fiji, Uzbekistan, Peru and Togo.

Offices, shops and businesses were open in Srinagar on the cold winter day, but the diplomats did not stop to talk to people as they moved to different venues of their meetings.

They were to fly to Jammu, the winter capital of Kashmir, later Thursday and return to New Delhi on Friday.

Congress leader Jairam Ramesh pointed out the oddity of taking foreign diplomats to the troubled state but not allowing allowing Indian political leaders to freely visit it.

The National Conference said it was "disappointed" with the way the government brought envoys from various countries to "endorse" its "claims of normalcy" in the union territory. The party alleged that it was no more than a "guided tour" with access limited to "handpicked individuals who toe the government line".

“The NC wishes to ask these envoys that if the situation in Jammu & Kashmir is "normal", then why are scores of people, including three former chief ministers, under detention for almost 160 days and why have the people been denied access to the internet for over 5 months?" a statement issued by the party said.

Kumar dismissed as unfounded criticism of the visit, and said more such visits to Kashmir by New Delhi-based diplomats are likely in the near future.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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