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Facebook sets share price

Facebook

Facebook has announced their share price ahead of Friday’s opening of the stock market.

According to the BBC, the social networking giant has valued their shares at thirty-eight dollars per share.

Facebook have 421 shares ready to be sold when trading opens on the Friday session of the New York Stock Exchange. With their per-share price the company is valued at one-hundred billion dollars.

They will begin trading for the very first time on Friday and the demand is high. Facebook expects to sell 25 percent more shares than planned as a result of the demand.

The company has 900 million users worldwide.

Flickr Photo by: Franco Bouly

Charges coming against Toronto police commanders

Civil Liberties - Post G20 Demonstartion

Eight Toronto police commanders are expected to be charged in the coming weeks.

In a report by CBC News, the charges announced on Thursday stem from a variety of misconduct offences while on duty during the G20 summit in June 2010.

The charges come one day after a report by Ontario’s top civilian complaints watchdog was released. His review of the G20 protest said that police were poorly prepared and let a crackdown which resulted illegal mass arrests.

In addition to the 8 commanders, 28 other officers are facing punishments related to the crackdown. Disciplinary hearings will proceed in the coming months which could cost some officers their jobs.

Flickr Photo by: Nicolai Grut

Bill 78 adoption

Inside The House - Quebec Parliament

The National Assembly is debating a new bill introduced by the Liberals in an effort to end the tuition fee strikes.

According to the Montreal Gazette, Bill 78 imposes heavy fines to student groups and labour federations who prevent a student from attending class. The fines range from one thousand to one-hundred and twenty-five thousand dollars.

The Bill states that fourteen CEGEPs and eleven universities will have their winter semester suspended unless the strike ends before it becomes law. Classes will resume on August seventeenth at the latest and August first at the earliest. It also states that protestors who plan a march must give the planned route, time, duration, venue and their means of transportation to the police eight hours in advance.

The institutions affected by this bill have until June first to plan their August schedules while students have until June fifteenth to announce of they plan to return.

Bill 78 is expected to become law by Friday evening at the earliest.

Flickr Photo by: Jezz

Montreal`s inner circle corruption

Former Montreal City Hall chairman Frank Zampino was arrested in his own home on Thursday morning.

According to CTV News nine people in total who were accused of corruption were taken into custody that day.

Three of these people were former members of mayor Gerald Tremblay`s inner circle.

They were involved in a fraud scheme connected to a public contract which was worth somewhere over $300 million.

Mayor Tremblay is shocked and outraged by this incident and has stated that people will lose trust in municipal officials because of this.

School of Seven Bells + Exitmusic @ Sala Rossa

This past May 3rd, Sala Rossa was darker than usual (or it certainly seemed that way) and the room was half-empty (or half-full, depending on your outlook). The show was slow to start - although once it did, the crowd inexplicably maintained a consistent 5 foot distance from the stage. Whether it was because they were curious to watch the projections on the white screen at the back of the stage, or because they were afraid of getting their eardrums blown out, I can't say for sure.

The opening act was Exitmusic. Hailing from Brooklyn, the duo's repertoire was moody and captivating. They opened with "The Sea" off of their 2011 release From Silence. They also performed "Passage" from the eponymous album, which surprisingly sounded better live than the recording. Otherwise, the show was a no-frills, all-black affair. There was minimal banter and interaction with the audience other than the usual interspersed thank-you's. The performance went smoothl but felt like it ended too soon.

School of Seven Bells supplemented their show with flashing LED lights as well as drums and keyboard accompaniment during their set. Alejandra Deheza sparkled and shimmered (or blinded if you were standing in the wrong spot) on stage, her neck and wrists dripping in gold and jewellery. Unfortunately due to the sound, the lyrics were barely audible for most of the show, which, as has been previously mentioned, is supposedly the most important part of the creative method for them. Or rather, it was described as the starting point for the band’s song-writing process. So much for that. The set list included "Bye Bye Bye," and "I L U" from Disconnect from Desire, "White Elephant Coat" from Alpinisms, as well as "The Night" from their 2011 album, Ghostory. The music managed to inspire some rhythmic swaying from the audience but not much else, which, to be fair, is generally what happens during shows at Sala anyway. But despite the sparse crowd there was still cheering for an encore. After a rather brief round of applause, the group swiftly returned, and played a few songs to which the response turned out to be livelier than those of the set itself. The band also seemed much more excited during those last few songs. Draw your own conclusions, but I think perhaps SVIIB might be eagerly anticipating the end of their tour in the coming months.

In parting, Benjamin Curtis confessed “I usually like to thank Exitmusic but I'm embarrassed ‘cause they’re right in front of us," a sentiment which I thought fit nicely within the breadth of the restrained and self-effacing (to the point of blandness) atmosphere of the evening.

-Maryana V. hosts Cheap Trills every Monday from 3-4pm

May 16th, 2012

Read by: Sarah Deshais

Stories by: Sarah Deshais, Jamie-Lee Gordon, Alyssa Tremblay and Tara Brockwell

Produced by: Jamie-Lee Gordon

Millions of euros are withdrawn from Greek banks

Euro Note CurrencyThe Athens Stock Exchange plunged to a twenty-two year low Tuesday.

According to the CBC depositors removed 700 million euros from Greece’s banks amid the country’s latest political stalemate.  Talks to form a governing coalition have failed following the inclusive results of last week’s election.  Greeks are expected to go back to the polls mid June.

The Conservative PASOK party and left wing SYRIZA party are said to be running neck and neck.  PASOK wants to adhere to strict austerity measures while SYRIZA wants to scrap or renegotiate the entire bailout.

Depositors are thought to be moving their savings elsewhere fearing a devalued currency if Greece leaves the Eurozone.

Flickr photo by: EnvironmentBlog

Miike Snow + Penguin Prison @ Metropolis

I have known and loved Miike Snow’s "Animal" since I heard it in 2009. I made what I still consider to be the slight mistake of not hearing the rest of his self-titled album to broaden my Miike music knowledge. I may have gotten too hung up on the single and its many remixes to have checked out the other songs. There was also the fear that the rest of the album may not be as brilliant as "Animal." When I got word Miike Snow was going to be performing at Metropolis in May, I was determined to be there one way or another. I saw it as the opportunity to correct the mistake made years ago of not hearing more Miike Snow. I was curious to witness the Montreal crowd's reaction to the song as well.

I arrived at Metropolis to catch opening act Penguin Prison perform. I have a little knowledge of the group name from seeing it on either blogs or charts. Of the few songs they performed, "Don’t Fuck with My Money" got the most reaction from the audience and inspired many to take a trip to the merchandise table afterwards. I had the pleasure of meeting the band’s lead singer, Chris, and got to speak to him for a brief instant. He told me another Penguin Prison album is in the works.

During the near 30 minutes of wait until Miike Snow took the stage, a small group of spectators gravitated towards me. After explaining the audio cassette logo on my t-shirt was for CJLO and no other university radio station, they expressed to me that they were anxious to see and hear Miike Snow. One of the pack seemed more Miike-minded than the others and I saw him as a source of information if the opportunity arose.

Miike Snow began performing around 9:15pm to a warmly receptive crowd. "Sylvia" had the crowd singing along for the first time since the show began. A little later, the crowd response to "Pretender" was on par with Snow closing the show rather than having started it. There was mention of a song called "Black & Blue" which again had the crowd roaring afterwards.

An hour into the show, the band stepped off of the stage and the crowd carried on like they were asking for an encore. Admittedly, I was getting anxious because they had not performed "Animal" until that point. After performing another two or three songs that I naturally did not know, the band broke into a surprisingly sped-up version of my song. The crowd response was unanimous. We were all there for "Animal" and, judging by the band’s performance, they must have known that was the case and relished the moment.

Although the show had run for a little over an hour, "Animal" was in fact the show’s finale. To have been at Metropolis to see and hear the song performed was one of my best concert experiences of 2012. My little knowledge of Miike Snow’s music was its own hindrance for me having a better time that night. I owe it  to myself to get familiar with the two albums released so far so that my next Miike Snow concert experience will be all the more heightened.

-DJ Solespin hosts The Suite Delight every Saturday night from 8-10pm

Talks break down again

Flag on the AcropolisTalks to form a governing coalition in Greece have failed once again.

CBC News reports that the inability to form a unity government one week after indecisive national elections has brought Greece closer to new elections and its presence in the euro-zone in serious doubt.

Talks are expected to continue on Monday evening with the heads of the three parties, however, the mmeeting is in serious doubt after the head of the radical left wing party said he would not attend.

The Syriza party have claimed that they cannot join a government that will continue implenting Greece's international bailout.

The other parties have confirmed that Syriza must be included in any power-sharing deal.

Flickr Photo by: Samuel T

May 14th, 2012

Read by: Aisha Samu

Stories by: Audrey Folliot, Carlo Spiridigliozzi, Gregory Wilson and Aisha Samu

Produced by: Carlo Spiridigliozzi

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