Telora
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Teloran News Agency
Bringing you the latest news from the Republic of Telora
Bringing you the latest news from the Republic of Telora
Naval appropriations bill debate takes new turn
The debate over the long-delayed naval appropriations bill in the Senate took a fresh turn this morning, as Senators from the Christian Union said they would vote with the Centre Party on approving the bill, provided any replacement for the Teloran Republican Navy's two coastal defence battleships are given what they call "Christian names". The two current vessels, RTS Odin and RTS Thor were named after old Norse gods at the insistence of former President Nyland, whose Socialist government also disestablished the Free Church of Telora.
Speaking to reporters outside the Senate House, Senator Caspar Fichte (CU) said that they were happy to help the bill proceed much sooner than currently timetabled, providing the Executive entered into a commitment to give any replacement vessels names "more befitting the Christian traditions of our land". There has not been any response to this call from either the Executive or the Ministry of the Navy. The CU's 3 Senators would not grant the Executive a majority in the Senate; together with the Centre Party Senators they would only have 31 out of the 80 votes in the chamber.
Neither the Socialist nor the National Party have indicated any intention to change their position on the bill for the time being, with the former more inclined to block any replacement vessels for the two battleships and re-allocate the funding to domestic priorities, and the latter calling for an expansion of the Navy at a time of great international turmoil in Europe. The Communist Party has yet to declare a formal position on the vote, but its two Senators are more than likely to vote with the Socialist Party on the bill, to avoid further internal party disputes.
Executive's industrial policy measures for automotive industry revealed
The Executive has continued its unveiling of industrial policy measures to help raise growth and increase exports with the announcement of the Automotive Industry Support Bill this morning. At a press conference with the Secretary for Commerce & Industry, President Strand announced that the bill would contain measures to bring the automotive industry into the lending remit of the state-owned National Investment & Commercial Corporation (NICC). It would also lift merger restrictions on the country's variety of automotive firms, and would create a fund to support merger negotiations between the largest companies.
The Executive has stopped short of calls for the state to nationalise the car industry and create a single major automotive company to compete on the European market. President Strand said that the National Party agreed to back the legislation in principle only if such a measure was avoided, while the Socialists could not agree to back nationalisation without further such measures in related sectors, such as steel. However, it is believed that the two largest Teloran car companies - Stellar Automotive and Opalian - are considering entering into merger negotiations, which would create a company with 40% of Teloran car production.
A statement from the third-largest Teloran car company, Alvis, said they would have to study the full bill before making a final comment - the only other mass-production car company, Sandvik, has said they have no intention of changing their model of business at this time, and they did not expect to need to take any money from any revised schemes from the government. Car company and supplier shares were broadly flat on the news, with investors telling reporters that they are waiting for the full bill and timetable to be published before making any significant changes in strategy.
Calls for nationalisation of computer industry rejected by University of Børad and Federal Electric
The Socialist Party's recent conference motion, which calls on the Campaign & Manifesto Committee to include a commitment to nationalise the country's small computer industry, has met with a stern response from the two largest players in the sector. The University of Børad, which built Telora's first stored-program machine - Junior - two years ago and is now investing in further such research, said it had no intention on surrendering control over the development of computers to an outside force. The University's Chancellor told his local newspaper that the research process "should remain here, as an academic endeavour with business an outside partner [...] to menace our independence to appease rowdy party members is an awful form of politics, built on envy."
Federal Electric, whose main investments are in electro-mechanical and mechanical machines, has also responded sharply to the motion, saying it did not think it appropriate for the federal government to "claw large component parts out of a company in the name of political dogma". The company is currently building the country's first private computer research and manufacturing facility, near Børad, and is keen to defend its growing interests in this new area of business. It is reportedly in negotiations with the University of Børad on producing a new electronic computer for sale to University mathematics departments and government ministries.
Socialist Party Campaign & Manifesto Committee members did not respond to requests for interview on this matter, instead responding only by saying that they were yet to consider whether to submit such a proposal to the pre-election conference next September.