Tuesday, August 15, 2006

Healing Iraq ( an Iraqi blog)

Healing Iraq

This is from a decent Iraqi Blogger, Zeyad. The name of his blog is Healing Iraq. As most affluent Iraqi's have done, Zeyad has fled to Amman to wait out the war and the constant infighting or insurgent fighting in Baghdad. He offers his comments on the state of blogging in general, and if you are a regular reader of this blog, as am I, you get the feeling that he in enjoying his stay in Amman, although he cannot get a permanent Visa yet. He talks about the intolerable conditions in Baghdad in previous posts.


"Dave Sifry, CEO and founder of Technorati (the ultimate weblog tracking portal), offers another timely report on the present state of the blogosphere. Key findings: Technorati tracked its 50th millionth blog two weeks ago; the blogosphere is steadily doubling in size every 6 m"onths or so; and the blogosphere is more than 100 times larger than it was 3 years ago.

Blogs never fail to fascinate me.

I was telling the Iraqi bloggers in Amman yesterday that a majority of Internet users (an estimated billion people) would soon have blogs, just as it’s given now that they all own personal email accounts.

We also discussed where the Iraqi blogosphere stands in the midst of these developments. Iraq Blog Count lately counted its 212th Iraqi blog, which can be somewhat impressive, given that there were only 4 Iraqi blogs before October 2003, just before the launch of the second wave of Iraqi bloggers, which added exponentially to the growth of the Iraqi blogosphere.

But still, looking at Sifry’s data, one cannot help but wonder: is that all we can offer to the blogosphere? 212 Iraqi blogs?

More on this later.

Mills Corp. To Divest Its Foreign Mall Stakes

Mills Corp. To Divest Its Foreign Mall Stakes

Again, from the Washington Post. Upon further reflection, the articles on Mills probably ranks low on the TNSN's radar as well as that of the Nashville Post, only because Mills HQ is not in this area. If this were about a hotel on the brink that Gaylord operated out of state, I'm sure both would be all over such a developing story, as it would impact the parent company which is locally based. Wow, there was probably an easier way to say that. Opry Mills is just a part of huge number of malls operated and partially owned by Mills Corp, which is based in the DC area, hence, covered aggressively by the Washington Post. There I go again.

For some reason,this story is still very interesting to me. I never dreamed that a
retail developer in these boom times of the 21st century as big as Mills Corp might go under.

Chevy Chase-based mall developer Mills Corp. yesterday announced plans to sell its stakes in three foreign malls to a Canadian firm, as the struggling company tries to stay afloat.

The deal is expected to net $500 million for Mills and would go toward paying off about $2 billion in debt. After a series of inquiries about its accounting practices, the company is under a year-end deadline to find a buyer or face a possible loan default.
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"The deal is expected to net $500 million for Mills and would go toward paying off about $2 billion in debt. After a series of inquiries about its accounting practices, the company is under a year-end deadline to find a buyer or face a possible loan default.

The three malls, which were sold to Montreal developer Ivanhoe Cambridge Inc., are Vaughan Mills in Ontario; St. Enoch Centre in Glasgow, Scotland; and Madrid Xanadu. Ivanhoe Cambridge already has a 50 percent interest in Vaughan Mills and St. Enoch Centre.

Mills has been plagued by financial troubles in the past year: a series of layoffs, ballooning construction costs at its massive Xanadu project at the Meadowlands in New Jersey, and a more than 50 percent reduction in the profits recorded from 2003 to 2005.