| Two launch bids for sheriff
By Dennis PelhamDaily Telegram Staff WriterADRIAN — The race is on to replace Lenawee County Sheriff Larry Richardson in next year's election.Two candidates for the Democratic Party's nomination announced their decisions to run during a party meeting Thursday night. Malcolm Wynn, a former police officer and current automobile dealer consultant, said he believes he needed an early start to gain the recognition to win the August 2008 primary election. Retired Michigan State Police trooper Al Navarro said he felt he needed to put his campaign in gear early to stay ahead of the competition.There may be more than Navarro and Wynn seeking the Democratic nomination before the deadline to file rolls around in May 2008. .
Iran Seeking Bids To Build 2 More Nuclear Power Plants
Iran said Sunday it is seeking bids for the building of two more nuclear power plants, despite international pressures to curb its controversial program. Ahmad Fayyazbakhsh, the deputy head of Iran's Atomic Energy Organization in charge of power plants, said the plants would be light-water reactors, each with the capacity to generate up to 1,600 megawatts of electricity. Each plant would cost up to $1.7 billion and take up to 11 years to construct, he told reporters during a news conference at his office. .
U2's instruments to help Katrina victims
NEW YORK (Reuters) - The beloved Gibson Les Paul guitar of U2's The Edge fetched $240,000 (120,000 pounds) and Bono's sunglasses pulled in $20,000 at an auction on Saturday to benefit musicians who lost everything in Hurricane Katrina. The auction at New York's Hard Rock Cafe by Julien's Auctions raised $2,436,900, including a 20 percent buyer's fee, for Music Rising, a charity set up by The Edge and other musicians after the 2005 Gulf Coast hurricane. It marked the first time such a wide selection of U2 memorabilia was available to collectors, organisers said. Among the more than 200 items sold were Jimi Hendrix's 1966 Red Fender Mustang guitar, which fetched $400,000, former President Bill Clinton's saxophone ($54,000) and a pair of John Lennon's round, blue-tinted sunglasses ($30,000).
State Bank gets Rs 16.412b through PIBs auction
KARACHI: The ministry of finance through the State Bank of Pakistan (SBP) raised a total amount of Rs 16.412 billion including non-competitive bids against the sell of 3, 5, 10, 15, 20 and 30-years Pakistan Investment Bonds (PIBs) at slightly lower cut-off yields compared to the previous auction here on Saturday.
The SBP said it sold worth Rs 1.050 billion three-year bonds at 9.33 percent from previous rates of 9.36 percent, worth Rs 800 million of five-year paper at 9.61 percent from 9.76 and Rs 6.650 billion in 10-year bonds at 10.13 percent from 10.19.
In the long-terms bonds auctions, the SBP raised Rs 950 million in 15-year at 10.98 from 10.98, Rs 1.50 billion in 20-years at 11.19 percent and Rs 4.50 billion in 30 years bonds at 11.59 percent.
Zafar M Shaikh, additional director general, ministry of finance said, Overwhelming response in this auction is due to awareness in the corporate sector, both government and non government institutions have diversified their liquid assets into long term government paper in order to get a better return.
Used Phantom smashes auction record
You'd hardly call it a bargain at £208,000, but nonetheless one canny trader scored a bit of a result at a British Car Auctioneers sale in Nottingham recently, picking up one of the few second-hand Rolls-Royce Phantoms available on the open market for a song – relatively speaking. The 2005 model Phantom had covered just 5000 miles. Bidding on it started at just £140,000, but rose quickly to its final sale price of £208,000. And although the cars have been changing hands for as little as £160,000, this low mileage example would be likely to make its owner several thousand pounds should he choose to sell it on. The Phantom set a record for the highest sale price ever achieved by BCA for a current production car. The previous figure of £192,000 was also for a Phantom, conveniently enough at BCA Nottingham, which sold in 2005.
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