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• Alpha Translations Canada Inc. has framework agreements with many Fortune 500 companies!
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Lost in Translation?
Occasional errors are inevitable when any non-professional speaks or writes in a non-native language, like these funny translation errors at hotels, restaurants, stores and other locations around the world:
Copenhagen Airline: We take your bags and send them in all directions.
Norwegian Lounge: Ladies are requested not to have children in the bar.
Swiss Menu: Our wines leave you nothing to hope for.
Rome Doctor: Specialist in women and other diseases.
Hong Kong Advertisement: Teeth extracted by the latest methodists.
Swiss Inn: Special today. no ice cream.
Japanese Detour Sign: Stop: Drive Sideways.
Swedish Furrier: Fur coats made for ladies from their own skin.
Budapest Zoo: Please do not feed the animals. If you have any suitable food, give it to the guard on duty.*
*Source: Internet; no guarantee is given for the correctness of this information.
News
Brazil moves to tighten control over oil wealth
Brazilian President Luiz Inacio Lula da Silva proposed legislation on Monday to boost the role of the state in managing huge new oil finds that could drive the country's development for decades to come.
The long-awaited proposal, which faces a tough battle for approval in Congress, boosts the government's role by creating a new state holding company to manage new projects and a contract system that gives the government a share of the oil.
For Brazil, the stakes are high. The overhaul could usher in a new round of investment in Brazil's oil sector if energy companies find the terms acceptable. But it could also leave billions of barrels of light crude trapped under the sea if the regulatory framework turns out to be too onerous.
Mr. da Silva, a charismatic and hugely popular former union leader who has steered Brazil through an economic boom with a mix of market-friendly policies and social spending, hailed the unveiling of the oil legislation as a "new independence day" for South America's largest nation.
"We don't have the right to take the money we're going get with this oil and waste it," he said on Monday in his weekly radio address. "What we want ... is to use this oil to make Brazil a wealthier country, to make it more developed."
Under the President's plan, the government's share of oil revenues would go into a development fund aimed at preventing the boom-and-bust cycles experienced by many other oil-rich countries in the developing world.
The fund would make regular transfers to the government's budget to be invested in poverty reduction, science and technology, the environment and improving an education system that lags much of the world despite Brazil's strong economic gains in recent years.
...Some also say the government has played down the exploration risk of tapping the estimated 50 billion barrels of oil that lie below shifting sand and a thick layer of salt up to 8 kilometres beneath the ocean surface.
The proposal gives an "absurd amount of power" to a cabinet level energy commission that could open the door to political interference in operational decisions, said Marilda Rosado, a Rio de Janeiro-based lawyer who specializes in energy.
(Brian Ellsworth and Denise Luna, Brasilia - Reuters)
The complete article is available on www.theglobeandmail.com
(as published on theglobeandmail.com)
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