The Finnish government and major creditors of bankrupt shipyard Waertsilae Marine Industries Oy agreed in principle to form a new company to complete most of the troubled shipyard's backlog of 15 ships. The new company will attempt to limit the shipyard's losses, participants said. "The situation is that the bankruptcy court will get out of the shipbuilding business. Everything will be taken over by the new company," said Christian Andersson, executive vice president of Oy Waertsilae, former parent of Waertsilae Marine. Once its ownership is finalized, the new company will open talks with state-appointed receivers to buy or lease Waertsilae Marine's shipyard facilities. Subcontractors will be offered a settlement and a swift transition to new management is expected to avert an exodus of skilled workers from Waertsilae Marine's two big shipyards, government officials said. Under an accord signed yesterday, the government and Union Bank of Finland would become major shareholders in the new company, each injecting 100 million Finnish markkaa ($23.5 million). Oy Waertsilae is to contribute 200 million markkaa, most of it as subordinated debt, and take a minority stake in the new company. Customers holding contracts for Waertsilae Marine's undelivered ships are expected to subscribe most of the remaining 170 million markkaa in share capital, government officials said. Waertsilae Marine's biggest creditor is Miami-based Carnival Cruise Lines Inc. Carnival, which has three ships on order from Waertsilae Marine, presented claims for $1.5 billion damages in the bankruptcy court this week. Waertsilae Marine's bankruptcy proceedings began Tuesday in a Helsinki court.

Question: "After ownership is finalized, what will be the offer to the Subcontractors?"

Response: "exodus of skilled workers"
OPTIONS:
- no
- yes

A: no

(Financial Times) -- The increasing amount of personal information that can been gleaned by computer programs that track how people use Facebook has been revealed by an extensive academic study. Such programmes can discern undisclosed private information such as Facebook users' sexuality, drug-use habits and even whether their parents separated when they were young, according to the study by Cambridge university academics. In one of the biggest studies of its kind, scientists from the university's psychometrics team and a Microsoft-funded research centre analysed data from 58,000 Facebook users to predict traits and other information that were not provided in their profiles. The algorithms were 88 per cent accurate in predicting male sexual orientation, 95 per cent for race and 80 per cent for religion and political leanings. Personality types and emotional stability were also predicted with accuracy ranging from 62-75 per cent. Facebook declined to comment. The study highlights growing concerns about social networks and how data trails can be mined for sensitive information, even when people attempt to keep information about themselves private. Less than 5 per cent of users predicted to be gay, for example, were connected with explicitly gay groups. Michal Kosinksi, one of the report's authors, told the Financial Times that the university's techniques could easily be replicated by companies to infer personal attributes a person did not wish to share, such as sexual orientation or political views: "We used very simple and generic methods. Marketing companies and internet companies could spend much more time and resources, and hence get much higher accuracy than we did." Last week , the EU agreed to water down proposals for a radical overhaul of data privacy regulation. The move reflects governments' reluctance to impede internet businesses that might spur economic growth, and follows fierce lobbying from technology companies including Facebook and Google. Personal data has become big business. Wonga, the UK online lender, makes credit judgments within seconds based on thousands of pieces of information, including an applicant's Facebook profile. Tesco, the supermarket chain, this month started to use its customers' shopping histories to sell targeted online advertising. The report also revealed some unexpected correlations -- such as people who liked 'curly fries' having higher IQs, while those who like Facebook's "Sliding on Floors With Your Socks On" page were unlikely to use drugs.

Question: "What does the EU's agreement to water down proposals for a radical overhaul of data privacy regulation signify?"

Response: "Reluctance to impede business and economic growth"
OPTIONS:
- no
- yes

A: yes

The idea that Earth is a magnet is far from new. It was first proposed in 1600 by a British physician named William Gilbert. Knowing it acts like a magnet is one thing. Knowing why it acts like a magnet is more difficult. In fact, finding out why is a fairly recent discovery. To find out why required new technology. It was the seismograph that made it possible to learn why the Earth acted like a magnet. Seismograph are used to study earthquakes. By studying earthquake waves they were able to learn about Earths interior. They discovered that Earth has an inner and outer core. The outer core consists of liquid metals, mainly iron and nickel. Scientists think that Earths magnetic field is generated here. It is caused by the motion of this liquid metal. The liquid metal moves as Earth spins on its axis.

Question: "Does the earth have magnetic properties? If so when was this idea proposed?"

Response: "Yes,1890"
OPTIONS:
- no
- yes

A:
no