Category: Turkey

  • Iceland Loses Bid for UN Council Seat; Austria, Turkey Win

    Iceland Loses Bid for UN Council Seat; Austria, Turkey Win

    Austria and Turkey were elected to the United Nations Security Council today in a defeat for fellow European contender Iceland, whose financial collapse may have scuttled its quest for a seat.

    Japan beat Iran by 158 votes to 32 for a single Asian seat open on the 15-nation council, the UN’s top policy-making body. Uganda and Mexico joined as uncontested candidates for African and Latin American slots. Envoys said Iran was hurt by its defiance of UN demands for limits on its nuclear development effort out of U.S. and European concerns the work may be aimed at building a weapon.

    Turkey received 151 of 192 votes for a European seat, and Austria 133. Iceland had 87 votes. Turkey’s victory will put the Muslim ally of the U.S. on the Security Council for the first time since 1961. The Turkish government’s campaign for a European seat in the body coincided with its push for eventual European Union membership.

    The membership mix will affect how the council deals with such geopolitical issues as U.S.-led efforts to curb Iranian and North Korean nuclear ambitions, the conflict in the Darfur region of Sudan and democratic development from Asia to Africa.

    The winning countries will join as temporary members for two-year terms starting in 2009 to fill seats vacated by Belgium, Indonesia, Italy, Panama, and South Africa. To win, they took two-thirds of the votes in the secret General Assembly balloting.

    Britain, China, France, Russia and the U.S. hold the five permanent seats on the council, with the power to veto measures on international security brought before the body. Five other countries are members through the end of next year: Burkina Faso, Costa Rica, Croatia, Libya and Vietnam.

    To contact the reporter on this story: Robin Stringer at the United Nations at rstringer@bloomberg.net; Bill Varner at the United Nations at wvarner@bloomberg.net

    Last Updated: October 17, 2008 11:59 EDT

    By Robin Stringer and Bill Varner

    Bloomberg

  • The Final Debate: A Minute-by-Minute Analysis

    The Final Debate: A Minute-by-Minute Analysis

    By Staff, Think Progress
    Posted on October 15, 2008, Printed on October 16, 2008

    Editor’s note: Think Progress did a great job live-blogging tonight’s debate — here’s their minute-by-minute analysis:

     

    10:33: When asked who won the debate, the New York Times’s David Brooks quipped on PBS, “Well, we’ll wait for the verdict from Joe the plumber.”

     

     

     

    DEBATE ENDS … POST-DEBATE COMMENTARY BEGINS 

     

    10:25: McCain said that Sarah Palin knows about having a child with autism “better than most.” But her son Trig doesn’t have autism. He has down syndrome.

    10:21: Although the debate isn’t even over yet, the AP’s Liz Sidoti is saying that McCain won:

    A feisty John McCain tried hard to find a lifeline Wednesday night in the final debate, challenging rival Barack Obama at every turn over his truthfulness, associations and record. Obama was on defense for much of the night. By that measure, McCain won the last debate of the 2008 campaign. But that alone may not have been enough to win the election.

    10:21: McCain talks passionately about improving education. But in 1994, he proposed “doing away” with the Department of Education.

    10:20: McCain called education the civil rights struggle of the 21st century, but he voted against the Civil Rights Act of 1990. (UPDATE: In 1983, at the age of 46, McCain voted against creating the Martin Luther King holiday. He apologized for that vote this spring.)

    10:17: McCain said he would seek to boost adoptions. However, he has taken an extreme position in opposing the right of gay couples to adopt children.

    10:16: According to McCain, concern for the health of a mother is now a position of the extreme “pro abortion movement.”

     

     

    10:15: Throughout the night, McCain has repeatedly invoked “Joe the Plumber.” For the record, the plumbers union — the United Association — has endorsed Obama, saying that his policies would “help us keep existing jobs and work to develop new, higher paying jobs here in America.”

    10:15: In attacking Obama, McCain said, “I don’t know how you vote present.” One way is to simply fail to vote, a skill he’s perfected in the last year: McCain has missed over 64 percent of the votes in the 100th Congress.

    10:12: McCain just dismissed guaranteeing equal pay for equal work as a “trial lawyer’s dream.”

    10:11: McCain says he wouldn’t have a litmus test for appointing judges to the bench, but he also recently told Pastor Rick Warren that he wouldn’t have appointed any of the liberals and moderates on the Supreme Court: “Justice Ginsberg, Justice Breyer, Justice Souter, and Justice Stevens.”

    10:09: McCain claims that Obama voted against Supreme Court Justices Roberts and Breyer. Breyer was actually nominated by President Clinton, before Obama even became a senator. Obama actually voted against Justice Alito.

    10:07: McCain said that the average health care plan costs $5,800, the size of the employer contribution. McCain has been a recipient of government health care his entire life and may not know that, according to the latest estimate, the average health care plan is actually 12,680.

    10:06: McCain just called Obama “Senator Government,” then corrected himself.

    10:06: McCain said the escalating costs of health care are inflicting pain on “working class families.” Ironically, Mccain’s plan to shift Americans from the employer-based system into the individual health insurance market would increase their out-of-pocket health expenses.

    10:04: McCain bragged that he would give every family a $5,000 tax credit to buy insurance. Unfortunately, McCain’s credit depreciates over time and would not cover the average health care premium of $12,000.

    10:03: As Atrios notes, moderator Bob Schieffer is asking questions that offer a false choice, such as “Would you favor controlling health care costs over expanding coverage?”

    10:03: McCain said that if you like Obama’s health care plan, “you’ll love Canada or England.” And indeed people do like those countries systems better: “One-third of Americans told pollsters that the U.S. health care system should be completely rebuilt, far more than residents of Australia, Canada, New Zealand, or the U.K. Just 16 percent of Americans said that the U.S. health care system needs only minor changes, the lowest number expressing approval among the countries surveyed.”

    10:01: McCain says we should have “physical fitness and nutrition programs” in our schools to reduce the number of overweight children. This seems hard to square with his plan for an across-the-board spending freeze.

    10:00: McCain said the escalating costs of health care are inflicting pain on “working class families.” Ironically, McCain’s plan to shift Americans from the employer-based system into the individual health insurance market would increase their out-of-pocket health expenses.

    9:56: Obama is arguing for better labor standards in trade agreements. Christian Weller has found that “United States can improve its trade deficit, which has been at or above 5% of gross domestic product since the middle of 2004, by calling for improved labor standards from America’s trading partners.”

    9:55: Obama said America invented the automobile industry. In fact, the first market-viable car was developed by Germany’s Karl Benz. The first automobile was invented in 18th century France and the first internal combustion engine was invented in 1806 by a French-speaking Swiss man (this is why we use the French word “automobile”).

    9:52: McCain said that if we start drilling offshore now it will lower the price of a barrel of oil. But his top economic adviser, Douglas Holtz-Eakin, admitted in June that “new offshore drilling would have no immediate effect on supplies or prices.” (UPDATE: The Energy Information Administration says expanded drilling “would not have a significant impact on domestic crude oil and natural gas production or prices before 2030.”)

    9:50: McCain seems to think the viability of nuclear-powered naval vessels demonstrated the viability of safely storing nuclear waste. We do not, of course, actually store the waste on the ships. The two things have nothing to do with each other.

    9:48: McCain said we had to fight the first Gulf War to prevent Saddam Hussein from threatening our “world supply.” Presumably he meant “oil supply.” Alternatively, perhaps McCain is Galactus and needs to devour worlds to survive.

    9:46: McCain observed that the American people have gotten to know Sarah Palin. He didn’t mention that they don’t like her! She’s got a 32/41 favorable/unfavorable spread in the latest NYT/CBS poll.

    9:45: McCain cites Palin’s efforts to erect a pipeline to bring energy to the lower 48 states. That project exists on paper only, and Palin has actually opposed another plan to bring Alaska’s natural gas to the rest of the country.

    9:45: Touting Palin’s credentials, McCain called her “a reformer.” Like Palin, perhaps he hasn’t read the Alaska Legislative Council’s investigative report showing she “abused her power” and violated the state’s Ethics Act.

    9:45: McCain praises Palin for “giving money back to the taxpayers,” which Palin accomplished through enacting a windfall profits tax on oil companies. McCain opposes such a tax.

    9:37: After attacking Obama for his connection to Ayers, McCain declared suddenly, “My campaign is about getting this economy back on track.” Obama laughed.

    9:36: McCain brings up Ayers — “a washed up terrorist” as he calls him. (UPDATE: McCain says ACORN is “destroying the fabric of our democracy.”)

    9:35: McCain: “I’m proud of the people who come to our rallies.” (UPDATE: Obama invited McCain to bring up Ayers, saying that Palin had said he is “palling around with terrorists,” McCain again refused to engage.)

    9:34: We think the American people would probably be more interested in hearing about plans by Obama and McCain to impact the lives of ordinary Americans than hearing them critique each other’s campaign tactics.

    9:33: McCain said it’s “not true” that he’s running 100% negative ads. In fact, the Wisconsin Advertising Project recently found that his ads were 100% negative.

    9:32: McCain claimed that he’s repudiated every “out of bounds” remark by a Republican about Obama. Just this week, however, McCain demurred when asked if he would repudiate remarks made by the chairman of the Virginia Republican Party comparing Obama to bin Laden.

    McCain interrupted Obama to say that he should read what Rep. John Lewis (D-GA), who participated in the Freedom Rides to desegregate the South, said about the McCain campaign. Here’s what Lewis said:

    9:30:

    What I am seeing reminds me too much of another destructive period in American history. Sen. McCain and Gov. Palin are sowing the seeds of hatred and division, and there is no need for this hostility in our political discourse. . . .

    George Wallace never threw a bomb. He never fired a gun, but he created the climate and the conditions that encouraged vicious attacks against innocent Americans who were simply trying to exercise their constitutional rights. Because of this atmosphere of hate, four little girls were killed on Sunday morning when a church was bombed in Birmingham, Alabama.

    As public figures with the power to influence and persuade, Sen. McCain and Gov. Palin are playing with fire, and if they are not careful, that fire will consume us all. They are playing a very dangerous game that disregards the value of the political process and cheapens our entire democracy. We can do better. The American people deserve better.

    9:29: Debate moderator Bob Schieffer essentially invited McCain to talk about Bill Ayers to Obama’s face, and McCain took a pass, changing the subject to John Lewis.

    9:29: McCain is blinking maniacally during all his answers; Obama seems unbothered by the lights.

    9:28: McCain said he “vigorously opposed” President Bush’s conduct of the war in Iraq, but just this past April, he proudly said that “no one has supported President Bush on Iraq more than I have.”

    9:25: Obama noted that his support of clean coal doesn’t make him “very popular with the environmental community.” Maybe Obama should consider that if environmentalists don’t like it, it’s because there’s nothing clean about it!

    9:24: McCain defensively argued that he wasn’t President Bush, but in 2005, he declared that “on the transcendent issues, the most important issues of our day, I’ve been totally in agreement and support of President Bush.” (UPDATE: McCain said “I’m not president Bush.” But McCain has voted with Bush 95% of the time and has previously stated that he agrees with Bush on all major issues.)

    9:23: McCain says “I would fight for a line-item veto.” A line-item veto was signed into law years ago and ruled unconstitutional in 1998.

    9:21: McCain’s across-the-board, hatchet-like spending freeze is still a counterproductive pro-cyclical measure as we head into a recession, reminiscent of Herbert Hoover’s austerity budgets that deepened the Great Depression.

    9:20: McCain said that during the Great Depression “we had something called the Home Ownership Loan Corporation.” In fact, it was called the Home Owners’ Loan Corporation.

    9:19: Earlier in the debate, McCain repeatedly attacked Barack Obama for his conversation last Sunday in Ohio with “Joe the plumber,” as McCain refers to plumbing business owner Joe Wurzelbacher, whose earnings of over $250,000 a year puts him comfortably in the top five percent of earners in the United States. Watch the conversation:

  • Worldview: Turkey’s rising role: Diplomacy

    Worldview: Turkey’s rising role: Diplomacy

    Surrounded by conflicts, it has become more active. That could benefit the U.S.

    ANKARA, Turkey – Americans who explore the wonders of Istanbul rarely visit Turkey’s capital, deep in the plains of Anatolia. It is a city of nondescript high-rises, government offices, and new shopping centers that reflect Turkey’s growing prosperity.Ankara is known mainly for two things: a stunning museum that highlights Turkey’s ancient Anatolian past, and the vast hilltop mausoleum of Ataturk, Turkey’s founder, whose stern face is visible on huge banners throughout the city.

    But Ankara is becoming known for something else that’s of great strategic interest to Americans: an active foreign policy that may help resolve conflicts in critical regions where the United States has faltered. That includes the troubled Caucasus region, where Russia just warred with Georgia, and the Middle East.

    “If you list the key issues which Turkey and the U.S. pursue, you’d be amazed by how many parallels there are,” Turkey’s president, Abdullah Gul, told a small group of visiting U.S. journalists and think-tank experts in an interview in his office this week.

    Indeed, almost every foreign crisis on the American agenda is also a concern for Gul. Turkey sits at the crossroads of Asia and Europe, bordering not only the European Union, but also Georgia, Iraq, Iran and Syria. It has been adversely affected by growing Mideast chaos since the Iraq war.

    Turkey also sits at an energy crossroads. Efforts to build new oil and gas pipelines from Central Asia and the Caucasus – pipelines that will circumvent Russia and make Europe less dependent on it – all rely on Turkey. A crucial pipeline from Azerbaijan through Georgia uses the Turkish port of Ceyhan.

    Instability in its environs has prompted Turkey to become more active in efforts at conflict resolution. “In regional foreign policy, we had numerous problems with our neighbors,” Gul said. “They must be resolved, or there cannot be peace.”

    Turkey’s emphasis has been, for the most part, on soft power and diplomacy. It is the only country with fair to good relations with every country in neighboring regions: close ties to Israel as well as to Arab states; good relations with Iran and carefully managed relations with Russia; and close ties to Georgia.

    Two of Turkey’s many mediation efforts could have a positive impact on key concerns of the United States. First is Turkey’s recent overture to Armenia. The two nations have deep disagreements over how one million Armenians were killed in the early 20th century; Armenians call it genocide, while Turkey insists it was the result of warfare.

    In September, Gul became the first Turkish president in history to visit Armenia. Gul had sent congratulations to Serge Sargsyan upon his election as Armenia’s president, and Gul in turn was invited to attend a soccer match between the Turkish and Armenian teams in Yerevan. Both leaders faced strong domestic opposition to the visit.

    “Of course, I didn’t just go to watch soccer,” Gul said. “The major aim was to establish a climate in which we can operate from now on.”

    The goal is to work toward normalizing relations between Armenia and Turkey and opening their border. Turkey also may be able to mediate the poisonous split between Armenia and a third Caucasus country, Azerbaijan; Armenia now occupies a large chunk of Azeri territory.

    Progress on resolving these conflicts could have a positive spillover for the Russia-Georgia standoff and prospects for new pipelines. “Solving any [Caucasus] problem would affect us all positively,” Gul said. Turkey’s (and Armenia’s) efforts are a brave try.

    A second example is Turkey’s mediation of peace talks between Syria and Israel. “We’ve worked hard to bring peace in the region,” Gul said. “Recently, that work became more visible.”

    At a time when the United States preferred to isolate Syria, Turkey worked to get Syria and Israel back to the table (and kept Washington informed of the effort). Four rounds of private talks have taken place; they are now on hold as Israel forms a new government.

    A Syria-Israel peace would end the current alliance between Syria and Iran and undercut Hezbollah, forcing Tehran to rethink its policies in the region. Such an outcome could also help resurrect the Israeli-Palestinian peace process.

    The bottom line: The next U.S. president should encourage Turkey’s mediation and take a cue from its soft-power efforts. Turkey’s diplomacy has opened up new possibilities for its American ally.

  • The Moral of Yesterday’s Historic Market Rally

    The Moral of Yesterday’s Historic Market Rally

    More Crisis Ahead for Stocks… Yet, Investors in Exotic Currencies Are Poised for Quadruple-digit Profits from the Same Turmoil

    Don’t Miss Out – FREE “Exotic” Webinar Shows You How To Cash In… Watch it Now

    By John Ross Crooks The stock market made history yesterday.

    As you may have heard, the Dow Jones industrial average posted its largest one-day increase ever. In fact, the index surged more than 900 points.

    Perhaps you even heard this stock market correction has been deeper and sharper than any correction before it in history – including the 1929 crash.

    Of course, you know what followed the 1929 crash.

    So as the United States and the rest of the world take every effort in pushing through a recession and skirting a depression, there will be plenty of tough times still ahead. Some bright spots and market rallies will be mixed in.

    But that’s all we’ll see for quite a while – just little spots.

    Until a legitimate recovery pushes through the financial system, the global economy is set to majorly disappoint. That’s why we’re so excited about the opportunities available for catching major trends within the exotic currency universe.

    We can’t be any more direct when we say that the foreign-exchange market was due for a major rebalance. And lucky for us, this rebalancing act is still in the beginning stages.

    Capital flowing out of emerging markets is gaining serious momentum. The global economy is getting worse by the day. Demand for these markets is disappearing…all because the system of lending and borrowing has frozen up. A major recovery in confidence is the first and most important step in thawing out the credit markets. And that is key to jumpstarting global demand and shoring up the global economy.

    Until then, we’re happy to play the U.S. dollar strength against currencies tied to budding economies whose promising development has hit some serious roadblocks. Over the past week, we’ve explained why the Czech koruna, the Polish zloty, the South African rand and the Thai baht have hit some serious roadblocks lately.

    And it’s certainly not too late to profit from their recent troubles. The U.S. dollar, and ultimately the flow of assets out of emerging markets and into the United States, is experiencing a short respite. We anticipate this will hand us attractive opportunities to add to our current open positions.

    We also plan to use this period to possibly jump into new and exciting exotic currency opportunities. Today, we’ll foreshadow two brand new opportunities… one in Turkey and the other just south of the Rio Grande.

    Turkey: Another Victim In the Middle of Global Crisis

    It seems that few countries of decent size are protected from global economic deterioration. Turkey is no different.

    While they’ve taken measures in recent years from becoming too overleveraged or irresponsible with investment and economic decisions, the country can’t escape the fact that most the rest of the world acted irresponsibly.

    What this means is that Turkey’s economy will suffer from the same capital flow dynamics and the same demand dynamics that have investors fleeing from most emerging markets.

    Perhaps the crisis won’t impact Turkey as severely as others … and perhaps Turkey isn’t currently wrapped-up in political or geopolitical instability…but this wave of global financial crisis is washing over everyone.

    And besides, the Turkish lira fits right into our “foreign-exchange rebalancing” theme. A look at a long-term chart of the lira indicates that major trend change might have begun.

    Key Resistance Levels Say the Dollar Is Rising While the Lira Is About to Take a Fall

    When the USD/TRL price bars are going up in this chart it indicates U.S. dollar appreciation. When the price bars are going down in this chart it indicates Turkish lira appreciation.

    Let us be as clear as we can with our expectations:

    The diagonal blue line tells us that the long period of Turkish lira appreciation is now over. And now the U.S. dollar is appreciating relative to the Turkish lira.

    It’s worth noting that the price of the lira/dollar pair is breaking higher through the horizontal red line. The red line indicates that this pair is hitting a key resistance level. Not long after that, the price of USD/TRL tested another critical resistance level which you can see with the blue horizontal line above.

    The red line has now become a key level of support and could become the launch pad for a new leg higher in USDTRL.

    Considering the global backdrop, a rising U.S. dollar and a falling Turkish lira makes sense.

    Internal Sponsorship   

    Why 2000 “Big Game Hunters” Agree…
    ”Predictability Theory” Is The
    Answer To Volatile Markets!

    This past Monday, 2000 “Big Game Hunters” tuned into a ‘Live” webinar to learn the secrets of “predictability.”

    A theory founded and advanced by Harvard and MIT economists…later perfected (and adapted) by Jack Crooks to the world of “exotic” currency trading. Using this unique strategy, 84 “Big Game Hunters” were able to average more than 1,000% per trade over the last 72 days – giving them the ability to turn every $1,000 into $62,500 (profit)…and every $5,000 into more than $312,000.

    A “replay” of this webinar will be on our website for the Next 48-Hours ONLY – then the “profit vault” closes…don’t miss out.

    Mexico: Crisis Picks Up South of the Border

    As a side note, we’ve got the Mexican peso on our radar screens as well.

    Mexico is more exposed to the weak U.S. economy than almost any other country.
    Plus, Mexico’s reliance on crude oil trade is wreaking havoc on this country now that prices have plunged so sharply. And revenue coming into Mexico for its oil exports is no different. It has declined considerably.

    Then there’s the unforgiving job market that could become worse should the migration trend into the U.S. reverse course. The government’s goal is to prevent civil unrest. But should the government’s plans to ward of the crisis’s effects fail, then the task may prove tougher than they currently expect.

    The fact that the peso has fallen 10% versus the U.S. dollar in just the last two weeks tells us how sticky the economic situation is south of the border. But in that same light, it might not make sense to jump in against the peso just yet. Better opportunities at better prices will likely turn up.

    In the meantime…

    Discover Why 2000 “Big Game Hunters” Agree…
    “Predictability Theory” Is The Key To Consistently,
    Reliably (And Repeatedly) Average 1,000% Winners

    Yesterday, 2000 “Big Game Hunters” tuned into a ‘Live’ webinar to learn the secrets of “predictability.”

    A theory founded and advanced by Harvard and MIT economists…later perfected (and adapted) to the world of “exotic” currency trading. Using this ingenious strategy, 84 “Big Game Hunters” were able to average 1,041% per trade over the last 72 days (not bad, huh?) – totaling 6,250% gains in all.

    You may learn this “Mammoth” hunting strategy for yourself, as long as you do so in the next 48 hours before the webinar (replay) goes offline.

    Every once in a blue-moon, “opportunity” just seems to fall in your lap…the sad part is…most people blindly turn their back on it (which is where the cliché…”a day late, and a dollar short”…comes from).

    The good news is…I’m writing you today…blatantly pointing out…and personally inviting you to take advantage of this UNBELIEVABLY generous (FREE) opportunity – specifically designed for “Big Game Hunters” – who are looking to consistently, reliably, and repeatedly capture three and four-digit winners – without worrying about market conditions, crashes, or whatever else.

    It’s easy to “get lost” in the sea of investment opportunities, strategies, and fads…lost in the myriad of sophistication and complexity…even lost in the “paralyzing” propaganda of the media – but (if you choose) you do not have to.

    Because the 84 (test subjects) who used the “Predictability Theory” to amass 6,250% gains in just 72 days – well, they didn’t possess any special qualities that you do not, they weren’t certifiable geniuses, nor did they come from money – but they did have the “courage” to get in the game!

    This SPECIAL 53-minute webinar will ONLY be available for the next 48-Hours.

    Now, If you’ve never traded currencies before, this likely is not for you, but for the person interested in hunting “financial” MAMMOTHS – then I can only encourage you NOT to turn your back on this “blue moon” opportunity…and implement these strategies for yourself, and your family.

    You have 48-Hours (to watch this webinar) and make a decision.

    Here’s your chance to escape the “volatile market” rut.

    Trade Smart,

    John Ross Crooks
    Co-Editor, Exotic FX Alert

    EDITOR’S NOTE: If there is one thing that is absolutely, abundantly, and inarguably clear about the most successful traders (i.e. “Big Game Hunters”) who hit one peak after another, beyond their own capabilities – is that they devour information, keep an open-mind, and are always seeking the BEST opportunity in any given market. Well, we know of NO other market (anywhere) where it’s possible to average more than a 1,000% per trade – other than in the world of “exotic” currencies (with Jack and J.R.). You’ve seen the PROOF, and now, I’m inviting you to experience it for yourself.

     


    John Ross Crooks: Co-Editor of Exotic FX Alert and The Money Trader
    Seizing Medium-Term Profit Opportunities.
    John Ross Crooks III is a currency analyst and co-writer with his father, Jack Crooks. Every day, John Ross works side-by-side with Jack to sift through the news and market action of currencies all over the world. He assists Jack in mapping out his medium-term trading strategies in currency options and the spot market. With a typical trading time ranging from five days to three months, John Ross helps Jack give readers plenty of time to act and profit from his significant moves in the Forex market.
    Internal Sponsorship   

    “The quickest protection against the falling dollar.”

    It’s as easy as opening a bank account. It even returned over 16% last year. And it blew away the measly 1.82% of the S&P.

    Click here now…I’ll show you how.

  • Turkish Airlines launches tender for 105 planes, invites Boeing, Airbus

    Turkish Airlines launches tender for 105 planes, invites Boeing, Airbus

    Turkish Airlines

    Turkey’s flag carrier, Turkish Airlines (THY), launched a tender to buy 105 planes, including 30 optional, in 15 years and invited American Boeing as well as European Airbus to offer bids.

    HY, a member of Star Alliance, said the tender would include 35 long-haul with an option for 10 aircraft and 70 short and medium-haul with an option for 20, the company said in a statement.

    It also said THY is looking at Airbus A350, A330, A320 and Boeing 787, 777, 737.

    “The delivery timetable, expected to start in the second quarter of 2010, would be an important criteria alongside the price in the evaluation of the companies’ bids,” the statement said.

    Turkey’s fast-growing flag carrying had increased its passenger number at an average rate of around 20 percent in recent years.

    Hot News Turkey

  • Top US grad schools seek Turkish pupils

    Top US grad schools seek Turkish pupils

    Saturday, October 11, 2008
    Participants of the graduate school and MBA event vying for studentsâ EURO ™ attentions this Sunday in Istanbulâ EURO ™s center include 17 of the top 20 U.S. business schools â EURO ” Berkeley, Columbia, Duke, Stanford and Wharton. With more than 50,000 of Turkeyâ EURO ™s students studying abroad, the fairs reflect the growth of Turkey as a market for foreign educational institutions

    ISTANBUL â EURO ” Turkish Daily News
      This Sunday representatives from the best American and European graduate programs will meet with students attending the World MBA & Grad School Tour in Istanbul.

      Held at the Military Museum & Cultural Center in the central Istanbul neighborhood of Harbiye, the free event provides an opportunity to interact with admissions officers of the world’s leading business and graduate schools. Students will also find information about tapping into $1.1 million of scholarships, a GMAT/GRE testing and admissions strategy workshop, a careers panel with recruiters and alumni, a sample class from top professors and a free career guide for the first 100 visitors.

      The Education Ministry says some 50,000 students from Turkey study abroad every year. The recent trend reflects that students realize that quality international education is close by and that EU benefits are abundant. The numbers of international visas granted show that more than 20,000 Turkish students are enrolling each year in European universities.

      Participants in the QS World MBA Tour include 17 of the top 20 U.S. business, schools such as Berkeley, Columbia, Duke, Georgetown, Stanford and Wharton. All of the leading European business schools will attend, including Rotterdam and London business schools, Cambridge, and Oxford. Leading Turkish MBA providers will also take part. The Grad School Tour brings more than 80 U.S. and international graduate schools to Istanbul this year.

    Face time with top schools

      With high competition for business school admission, meetings such as this provide students with the opportunity to ask customized questions about career opportunities, school specializations and financial aid. And the face-to-face impression can make the difference in the end, said Peter Johnson, director of admissions at UC Berkeley’s Haas School of Business.

      ï¿ 1/2 We look for candidates who can clearly articulate their post-MBA career goals, and have a good understanding of how our MBA program will help them to achieve those goals,ï¿ 1/2 he added. Following each fair, Johnson’s team follow up personally with candidates short-listed for their potential.

      During the nine years that Wharton has attended the tour, the percentage of international students at the school has increased from 28 percent to a high of 38 percent of the class.

      Candidates can register online to attend the QS World MBA and Grad Schools Tour this Sunday by visiting: www.topmba.com and www.topgradschool.com.

      Istanbul, 12 October 2008, 2 to 6 p.m.

      Contact: Isabelle Pasmantier ipasmantier@qsnetwork.com   + 33 1 45 66 54 72
    Â(c) 2005 Dogan Daily News Inc. www.turkishdailynews.com.tr