Three Things for November 4
1. Upsilon Xi, Lee’s oldest greek club, celebrating 60th anniversary
“We have a fun weekend planned for current members and alumni of Upsilon. Friday evening starts our annual SadieHawkins event which all are invited to attend. There’s food, fun, music and more. Saturday morning, we will gather for breakfast from 8-10 A.M.,” said Nate Byram, head sponsor for Upsilon Xi.
This year’s celebration is honoring six decades of Upsilon history and legacy.
Zach Pereia, senior business marketing major and alumni coordinator for Upsilon, believes this event will be a time for alumni to celebrate their stories.
“We are trying extra hard to get alumni to come back. But we're kind of doing it by decade or so by — 60s 70s 80s, etc. To bring everybody back but then have tables set up when we have our brunch to kind of like people you were in the club with or similar years kind of like be together and like have them like talk about how it's changed over the years or how it's similar,” said Pereia. “Because obviously things have changed over the years. But there's a lot of similarities to so that's one thing we wanted to do. This semester was kind of by like decade, invite people specifically.”
These festivities are to honor 60 years of Upsilon and its inception as Lee’s first Greek club as well as the heart of the club going forward.
“With my time at Lee coming to an end in the next couple of weeks, I hope to encourage and empower the club to continue to uphold the legacy of Upsilon,” said senior psychology major and Upsilon Xi President Burch Langstaff. “I seek to remind them that Upsilon was created to serve both the Lee and Cleveland communities. While being in Upsilon is a great honor, it is also a call to service.”
For more information on Upsilon Xi’s history and their homecoming festivities, visit their Instagram.
2. German gas importer reported a 40 billion euro loss
On Thursday, Nov. 3, the German gas importation company Uniper reported that they have experienced a 40 billion euro (roughly 39.3 billion US dollars) loss during the first nine months of this year.
This loss, roughly 93% of the company value, only further illustrates how Europe has been hurting since Russia invaded Ukraine. Not only is this the largest corporate loss since the conflict with Ukraine started, it is also the largest corporate loss in German history.
Some of these losses come from Uniper’s decision to purchase roughly 10 billion euros worth of gas from the open market in order to replace volumes being provided by the Russian government.
This loss has also initiated a stabilization agreement with the German government which will see the German government nationalizing and taking over Uniper.
"Our half-year numbers already indicated that this has left massive scars in our financial results," said Chief Financial Officer, Tiina Tuomela.
One of the main priorities of this restructuring deal is to remove Uniper from the Russian gas markets entirely. According to Tuomela, this is aimed towards minimizing future risks. Under the agreement with Berlin, Uniper has received credit lines amounting to 18 billion euros from the state lender KfW. 14 billion of those credit lines had been withdrawn by the end of October.
For more information, click here.
3. Pakistan's former Prime Minister shot in the leg during protest
On Nov. 3, Imran Khan, the former Prime Minister of Pakistan sustained a bullet wound to his leg while he was leading a protest march in Wazirabad, the eastern region of the country. According to Azhar Mashwani, an official with Khan’s Pakistan Tehreek-e-Insaf party, the former PM was quickly removed from danger and taken to a hospital in Lahore.
In total, there were 14 people harmed in the incident, and one person dead as a result of injuries. No group has claimed responsibility for the attack as of yet, however a suspect was arrested at the scene by police.
Dr. Faisal Sultan, chief executive of Shaukat Khanum Memorial Hospital, reported to Al Jazeera that Khan is in stable condition and conscious. Meanwhile, Shehbaz Sharif, the current PM, has issued a statement condemning the incident and says that authorities have launched a full investigation.
The protest at which this shooting happened started on Oct. 28 in the city of Lahore, and was supposed to march all the way to the capital, arriving on Nov. 11. Khan has been very vocal regarding demands for Pakistan to hold snap elections since being removed from office via a no-confidence vote in early April. The PTI leader has alleged, without providing any evidence, that he was removed from office due to a foreign conspiracy being backed by the United States in collusion with the Pakistani military.
