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7500 couples tie the knot in mass wedding

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					                                                                    8                                                             Worldview                                                                                   Thursday, October 15, 2009


7,500 couples tie the knot in mass wedding Obama’s health care reform
    Seoul, Oct 14 (AFP): Some
7,500 South Korean and overseas
couples exchanged or reaffirmed
marriage vows Wednesday in a cer-
                                           gets the Senate’s nod
                                            Other brides sported colourful tra-
                                            ditional national costumes, includ-
                                            ing Korea’s hanbok gown. The
                                            church was founded in Seoul in 1954                                                                                                                                  Washington, Oct 14 (PTI):           USD 50 billion in part by ex-
emony organised by the Unification          and grew into a worldwide organi-                                                                                                                               President        Barack
Church — its biggest mass wedding           sation, although organisers say the                                                                                                                             Obama’s passionate
for many years.Reverend Sun                 number of believers is confidential.                                                                                                                            project to revamp the
Myung Moon, the 89-year-old                      Since the early 1960s, Moon has                                                                                                                            US health care system
founder of the controversial church,        presided over mass weddings that                                                                                                                                has passed a “critical
officiated at the “True Parents’ Cos-       have grown in scale and involved                                                                                                                                milestone” as a key
mic Blessing Ceremony” at the               couples from Japan, the United                                                                                                                                  congressional commit-
church’s Sun Moon University in             States, Europe and Africa. In the past                                                                                                                          tee approved his whop-
Asan south of Seoul.                        Moon picked spouses for his follow-                                                                                                                             ping USD 829 billion
    The church describes Moon and           ers. His daughter-in-law has said she                                                                                                                           plan which will offer
his wife as “True Parents of Man-           did not see Hyung Jin Moon until                                                                                                                                coverage to a stagger-
kind” and Moon as “the King of all          they were introduced at their en-                                                                                                                               ing 47 million unin-
Kings.” “True Parents are the Mes-          gagement ceremony.                                                                                                                                              sured Americans.
siah Eternal,” Moon’s son and suc-               In recent years the church has                                                                                                                                  With the backing of
cessor as church leader Reverend            allowed couples a chance to get to                                                                                                                              a lone Republican, the
Hyung Jin Moon, said at the cere-           know each other before they marry,                                                                                                                              Senate Finance Committee vot-            panding insurance subsidies for
mony broadcast live on the Internet.        according to the Segye Times news-                                                                                                                              ed 14-9 yesterday to approve the         individuals and families with
    Sun Myung Moon, sporting a              paper which is financed by the                                                                                                                                  legislation that would, for the          lower incomes.
bow tie, and his wife Han Hak-Ja            church. Hyung Jin Moon, 29, took                                                                                                                                first time, require every Ameri-             The new health package
sprinkled “holy water” and prayed           over day-to-day control of the                                                                                                                                  can to have health insurance.            would tax high-cost health plans,
over a dozen couples called onto the        church last year when he was anoint-                                                                                                                            The package would spend USD              impose new penalties on em-
stage, joining their hands. “I declare      ed as chairman of the Family Fed-                                                                                                                               829 billion over the next decade         ployers and slash future spend-
these couples tied in wedlock,” he          eration for World Peace and Unifi-                                                                                                                              to finance the biggest expansion         ing on Medicare, the federal in-
                                                                                           Bridegroom Uriah Buscovich from Calif. and his bride Moona Field from Argentina exchange their
announced as other couples in the           cation.                                                                                                                                                         of ‘Medicaid’ in 40 years and to         surance plan for people older
                                                                                          wedding rings during a mass wedding ceremony arranged by the Rev. Sun Myung Moon's Unification
audience followed suit.                          Born in New York State in 1979,                                                                                                                            provide federal subsidies to mil-        than 65. The Senate Finance
                                                                                          Church at Sun Moon University in Asan, south of Seoul, South Korea, Wednesday, Oct. 14, 2009. The
    Many brides wore white wed-             he studied philosophy and theology                                                                                                                              lions who otherwise would be             Committee’s bill would subsi-
                                                                                          brides wore wedding dresses or their national dress; the men wore black suits with red ties, with white
ding dresses and bridegrooms were           at Harvard. He was married at age                                                                                                                               unable to afford coverage.               dise insurance for poorer Amer-
                                                                                                                         scarves around their necks. (AP Photo)
clad in tuxedos at the outdoor event.       18 and has five children.                                                                                                                                            Soon after the vote, Obama          icans, establish non-profit
                                                                                                                                                                                                            expressed satisfaction, but said         health- care cooperatives, and
                                                                                                                                                                                                            more work remains. “We are               create health insurance exchang-

World’s hungry reach 1 billion this year: UN Sikh family stars in new British reality show                                                                                                                  now closer than ever before to
                                                                                                                                                                                                            passing health reform, but we’re
                                                                                                                                                                                                            not there yet,” he told reporters
                                                                                                                                                                                                                                                     es to make it easier for small
                                                                                                                                                                                                                                                     groups and individuals to pur-
                                                                                                                                                                                                                                                     chase coverage.
    Rome, Oct 14 (Agencies):              “We have the economic and          on longer-term agricultural de-              London, Oct 14 (PTI): The Grewals are a typical Indian joint family, with         in the White House Rose Gar-                 Among other things, it would
A combination of the food cri-        technical means to make hun-           velopment.                               three generations living under the same roof. But they are also the new stars of a    den. “Now’s not the time to pat          cap annual out-of-pocket ex-
sis and the global economic           ger disappear, what is missing             That has sparked some con-           British reality show, with 28 cameras following their every move.                     ourselves on the back.”                  penses and prevent insurance
downturn has pushed more              is a stronger political will to        cerns that emergency food aid                The 8-member-family has opened it’s doors to the cameras of Channel 4’s                Instead, he said, it is time to     companies from denying cover-
than 1 billion people into hun-       eradicate hunger forever,” he          might be cut back as a result.           superhit fly-on-the-wall documentary series ‘The Family’, reported Daily Mail         “dig in and work even harder to          age for pre-existing conditions.
ger in 2009, U.N. agencies said       said. The increase in the num-         The WFP last year raised a               online. The show revolves around the daily workings of the family while explor-       get this done.” However, the             Republican Senator Olympia
on Wednesday, confirming a            ber of hungry people is not a          record $5 billion to feed poor           ing the controversial issues of caste, arranged marriages, attitudes to women and     President described the passage          Snowe was the lone committee
grim forecast released earlier        result of poor harvests but is due     people as a spike in food prices         family estrangement.                                                                  of the bill in the committee as a        member to cross party lines,
this year.                            to high food prices—particular-        in 2006-2008 sparked rioting                 “I think the film captures both the big issues and the intimate moments of        “critical milestone” that “goes a        breaking with other Republicans
    The Food and Agriculture          ly in developing countries—            and hoarding in some countries.          family life and I hope everyone will enjoy spending time with the Grewals in the      long way to ensuring security to         to vote for the measure. All the
Organization and the World            lower incomes and lost jobs.               So far this year it has re-          same way I have,” said the show’s director David Clews. The Grewal family             those who have insurance and af-         committee’s Democrats support-
Food Program said 1.02 billion            Even before the recent             ceived $2.9 billion, and has had         have been filmed over eight weeks, with cameras capturing their every move,           fordable options to those who            ed the bill.
people—about 100 million              twin crises of food and reces-         to cut food rations or scale back        including the birth of a baby and a big Indian wedding.                               don’t.”                                      Snowe said she was laying
people more than last year—           sion, the number of undernour-         operations in places like Kenya              The head of the family is 54-year-old Arvinderjeet Singh Grewal who was                The US is the only industri-        aside misgivings for now and
are undernourished in 2009,           ished people had risen steadi-         and Bangladesh. FAO and WFP              born in Nairobi, Kenya. A former actor in both Punjabi films and theatre, he now      alised nation without universal          voting to advance the bill.
the highest number in four de-        ly for a decade, reversing             urge a twin-track approach, say-         works as a coach driver. His wife Sarbjit Grewal, 55, was born in Punjab, India.      health care coverage, and about          “When history calls, history
cades. “The rising number of          progress made in the 1980s             ing longer-term investment in            She is regarded as the “glue of the family” and shows her love through cooking.       47 million Americans are unin-           calls,” she said. The Finance
hungry people is intolerable,”        and early 1990s.The Group of           agriculture development should               The eight-part series, focuses on the lead-up to the wedding of the couple’s      sured. The vote came after the           Committee was the last of five
said FAO Director-General             Eight countries in July pledged        not come at the expense of               eldest son Mandeep, 33, and his bride Gursharonjit, 24. The show charts the           committee spent two weeks de-            congressional panels to consid-
Jacques Diouf as the new an-          $20 billion over three years to        short-term initiatives to fight          emotions of Gursharonjit, who has been boycotted by her family because they           bating 130 amendments. Com-              er health care legislation before
nual report on world hunger           help poor nations feed them-           acute hunger spurred by sudden           do not approve of Mandeep, who works as a security officer.                           mittee members boosted the               formal debate begins in the full
was released.                         selves, signaling a new focus          food shortages.                                                                                                                bill’s overall price by more than        House and Senate.


                                                                                                                              Marketmosaic

Bulls rule the markets, Sensex 17-month high                                                                                                                                                                Indiabulls Power IPO
     Mumbai, Oct 14 (PTI): The
Bombay Stock Exchange bench-
                                            than half. The market also got partial
                                            boost after HDFC Ltd re-
                                                                                         some gains. Metal index rose the                                                                                   subscribed 8.5 times
mark Sensex today surged to a new           ported a higher-than-ex-                                                                                                                                             Mumbai, Oct 14 (PTI): The           after 3-4 years.
17-month high by adding over 204            pected 24 per cent rise in                                                                                                                                      initial share sale offer of Indiabulls        “Currently Indiabulls Power has
points on buying support particular-        its second quarter net prof-                                                                                                                                    Power, a utility partly owned by bil-    no operational power plant. Its first
ly in banking and metal stocks amid         it. The state-run lender,                                                                                                                                       lionaire Lakshmi                                                  p o w e r
strong cues from Asian markets.             State Bank of India rose                                                                                                                                        Mittal, received                                                  plant is ex-
     The Sensex, which had closed with      4.46 per cent to Rs                                                                                                                                             bids for over eight                                               pected to
a hefty gain in previous session on Mon-    2,269.45.                                                                                                                                                       times the shares on                                               be opera-
day, added 204.44 points at 17,231.11,            Among 30-BSE in-                                                                                                                                          offer on the second                                               tional only
a level last seen on May 20, 2008. The      dex-related stocks, 25 end-                                                                                                                                     day of the IPO on                                                 by Febru-
benchmark touched the day’s high of         ed with gains while five                                                                                                                                        Wednesday.                                                        ary 2012.
17,274.59 led by stocks in metal, banks     closed with losses. With                                                                                                                                             The issue re-                                                All its fu-
and drugmaker companies. Similarly,         the firming trend, buying                                                                                                                                       ceived bids for                                                   ture earn-
the wide-based National Stock Ex-           activity took place on a wide-front, lift-   most by 5.27 per cent to 15,587.83                                                                                 over        236.64                                                ings are
change index Nifty shot up by 63.95         ing the midcap index by 1.96 per cent        followed by capital goods index up                                                                                 crore shares till 2                                               highly sen-
points at 5,118.20. Brokers said mar-       to 6,503.23, while the smallcap index        by 2.38 per cent to 14,185.34. Auto                                                                                p.m. on Wednes-                                                   sitive to its
kets were catching up with gains across     rose by 1.54 per cent to 7,564.25.The        sector index rose by 2.28 per cent to                                                                              day, compared with 27.86 crore           ability to complete projects on time
the region on Tuesday when the domes-       Sensex-heaviest Reliance Industries          6,694.04, PSU index by 1.65 per cent                                                                               shares on offer, thereby, garner-        with all the procurements in place,’’
tic market was close due to state elec-     gained 0.51 per cent to Rs 2,178.20, con-    to 9,120.39, banking index by 1.63                                                                                 ing a demand of 8.49 times, ac-          brokerage firm Sharekhan said.
tions in Maharashtra. They added that       tributing maximum to the index’s rise.       per cent to 10.191.83, power index                                                                                 cording to the data on the Nation-            The share sale has attracted
Asian shares were mostly firmer and               Healthcare sector index was an         by 1.60 per cent to 3,174.12 consum-                                                                               al Stock Exchange.                       five anchor investors who sub-
the market was also underpinned by ris-     important participant in today’s rally       er durable index by 1.51 per cent to                                                                                    The shares are being offered        scribed to 18 per cent of the is-
ing foreign portfolio flows.                as drugmakers’s price estimates were         3,864.80 and healthcare index by                                                                                   in a range of Rs 40-45 a piece and       sue. The company raised over Rs
     The traders said the Sensex had        raised at Goldman, Sachs. Ranbaxy            1.44 per cent to 4,522.54. Realty in-                                                                              the company plans to mop up Rs           316.46 crore from these investors.
gained almost 79 per cent this year as      Laboratories, a third-biggest drug-          dex rose by 1.44 per cent to 4,519.11,                                                                             1,700 crore from the primary mar-             The proceeds of the IPO
foreign funds stepped up purchases on       maker by market value, advanced 1.17         IT index by 0.91 per cent to 4,442.51,                                                                             ket at the upper end of the range.       would be utilised to part-finance
the back of a recovering economy. The       per cent after Goldman Sachs in-             oil and gas index by 0.52 per cent to                                                                                   The issue has gathered good         the construction and development
FIIs pumped in nearly USD 13 billion        creased share-price estimate by 23 per       10,559.88 and FMCG index by 0.47                                                                                   demand from retail investors on          of the 1,320-MW Amravati Pow-
into Indian stocks this year, almost put-   cent. The metal, capital goods, auto         per cent to 2,827.29. However, teck                                                                                the first day, although market men       er Project Phase-I and the 1,335-
ting back what they had pulled out in       and banking stocks lended maximum            index bucked the show by losing 0.37                                                                               are of the view that the returns on      MW Nashik Power Project, apart
2008 when the index slumped to more         support to the market recording hand-        per cent to 3,013.92.                                                                                              the investment would accrue only         from general corporate purposes.




Gold sets new peak at Rs 16,250 on Diwali buying                                                                                                                                       Rupee ends at 1-year high of 46.13 Vs dlr
     New Delhi, Oct 14 (PTI):         Gold has jumped around 20 vestors prefer to purchase gold
With only days left for Diwa-         per cent this year. Silver also as a hedge against inflation,                                                                                        Mumbai, Oct 14 (PTI): The Indian            ers blamed it on disappointment that the
li, gold prices today scaled a                                                 they said.                                                                                              rupee today rose to one- year high of 46.13     world’s largest economy is not recovering
new high of Rs 16,250 per 10                                                        In the local mar-                                                                                  against the dollar, which plummeted to a        as quickly as many had hoped. Hopes of
gram on hectic buying by                                                       ket, silver coins, used                                                                                 new low against its major rivals, on an-
stockists to meet the enhanced                                                 for gifting purposes or                                                                                 ticipation of foreign funds pouring into
festival demand from retailers                                                 as an offering to god                                                                                   strong domestic equity markets.
and fabricators.                                                               during Diwali, rose                                                                                         In brisk trading at the Interbank For-
     Marketmen said gold                                                       further by Rs 200 to                                                                                    eign Exchange (Forex) market, the do-
soared in tune with global                                                     Rs 32,900 for buying                                                                                    mestic currency hit a high of 46.02, the
rates, where prices touched a                                                  and Rs 33,000 for                                                                                       level not seen since September 24, 2008.
new peak of USD 1,070.80 an                                                    selling of 100 pieces.                                                                                  However, it closed at came down to set-
ounce on weakening of dollar                                                   Silver ready recov-                                                                                     tle at 46.13, up 35 paise from its last
against its major rivals. Be-                                                  ered Rs 100 to Rs                                                                                       close. Foreign exchange dealers said
sides, buying activity gathered                                                27,600 and weekly-                                                                                      weak dollar overseas compelled export-
momentum as stockists in-             touched a fresh high of USD based delivery by Rs 180 to Rs                                                                                       ers and corporates to sell the US cur-
dulged in creating fresh posi-        18.08 an ounce, the highest 27,630 per kg. Standard gold                                                                                         rency, anticipating further fall in the
tions to meet demand from             since July 2008, as weakening and ornaments shot up by Rs                                                                                        American unit. Dollar fell to 14-month          increased foreign fund inflows into surg-
jewellery fabricators ahead of        dollar shifted investors atten- 130 each to set a new peak of                                                                                    low against euro on declining confidence        ing equities too supported the rupee. After
Diwali, they said.                    tion to fast yielding assets like Rs 16,250 and Rs 16,100 per                                                                                    in the US economic recovery .                   pulling out nearly USD 12 billion in the
     In London, gold set a new        bullion. Gold and dollar gen- 10 gram, while sovereign                                                                                               While some market analysts attribut-        year 2008, Foreign Institutional Investors
peak of USD 1,070.80 an               erally move in opposite direc- climbed a record high of Rs Bollywood actress Neha Dhupia during the inauguration of a new                        ed the American units losses to waning          (FIIs) bought shares nearly USD 13 bil-
ounce on weakening dollar.            tion. If the dollar softens, in- 13,000 per piece of eight gram. Gitanjali showroom in Mumbai on Wednesday. (PTI Photo)                          demand for “safe-haven” currencies, oth-        lion in 2009 so far.

				
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