Flanders today Free weekly!
OCTOBER 08 2008
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N°50
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I N D E P E N D E N T N E W S W ee k l y
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Natural History Museum, p.9
www . f l a nderstod a y . E U Erkenningsnummer P708816 Collectie Vrienden van de Red Star Line
from
Antwerp to
America
A new museum will tell the story of two million emigrants
Marc Maes ne hundred years ago, two million people stepped off from the Port of Antwerp and landed in the New World. Three years from now, the Red Star Line memorial museum will open in three historic buildings that processed all of these emigrants on route to America. The buildings represent a fascinating episode in the history of Antwerp port when Red Star Line shipping was one of the world’s great companies. The Red Star buildings, which are protected monuments, were acquired by the city in 2005 and are being restored and renovated. The work is being carried out by the Flemish architectural firm Arcade in partnership with New York architects Beyer Blinder Belle – the same firm that took on the renovation
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of the Ellis Island Immigration Museum in New York. The project known as “Red Star Line, People on the Move” is gaining momentum. A team of specialists and a study group made up of American and Belgian academics have contributed ideas on the historic site, and the City of Antwerp has secured a sponsorship deal with Belgian shipping company CMB to finance part of the cost of building the museum. “What strikes me most in the Red Star Line project is the duality in the tale,” says Mandy Nauwelaerts, curator of the current Red Star Line exhibition and future curator of the Red Star Line Museum. “You have, on the one hand, prosperity and trade generated by emigration with benefits to Continued on page 3
Flanders digs deep to bail out Dexia Region uses €500 million war chest Alan Hope
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Business
Arts
Active
The economic crisis continues as Volvo Trucks in Ghent shuts down its night shift, to the tune of 400 jobs
Watching opera in the cinema? Kinepolis teams up with New York Met to put one of the world’s great opera houses onscreen in Flanders
The Flemish castle with the most turbulent history, Gaasbeek has old stories to tell and a new exhibition of contemporary artists
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Feature 1, 3
News 5-6
Business 7
Arts 8
landers region last week dipped into its Future Fund to pay a €500 million contribution to the bail-out of Dexia bank. The Brussels and Walloon governments were forced to take out loans to pay their shares, respectively €350 million and €150 million. The fund was set up by finance minister Dirk Van Mechelen in 2006 to act as a buffer in difficult economic times. The government transfers a certain sum to the reserves every year, which are invested in blue-chip stocks. At the beginning of last week, the Fund balance stood at €350 million. When the Active 9-11
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Dexia plan was agreed, the region topped up the Fund with €150 million in advanced transfers for this year, based on provisions set aside but not used. The €500 million will buy up Dexia shares in an attempt to stop the price slide and protect savers and shareholders. However, the government will also be hoping for some profit when Dexia shares recover. “We are thinking about an eventual flow of dividends,” Van Mechelen said. “We are assuming that Dexia will pick up again in the weeks and months to come.” The government has no plans to remain a shareholder in the long term, minister-president Kris Peeters said. Agenda 14-15
Interview 16