lakecountrybeer.com

Tuesday, September 30, 2008

George W. Bush vowed to get the USD 700 billion economic rescue plan through congress in a statement to the media made today.

“Yesterday, the House of Representatives voted on a financial rescue plan that had been negotiated by Congressional leaders of both parties and my administration,” Bush reminded the audience. “Unfortunately, the measure was defeated by a narrow margin. I’m disappointed by the outcome, but I assure our citizens and citizens around the world that this is not the end of the legislative process.”

“Producing legislation is complicated, and it can be contentious. It matters little what a path a bill takes to become law,” he continued. “We’re at a critical moment for our economy, and we need legislation that decisively address the troubled assets now clogging the financial system, helps lenders resume the flow of credit to consumers and businesses, and allows the American economy to get moving again.”

Market Data

“I recognize this is a difficult vote for members of Congress. Many of them don’t like the fact that our economy has reached this point, and I understand that. But the reality is that we are in an urgent situation, and the consequences will grow worse each day if we do not act. The dramatic drop in the stock market that we saw yesterday will have a direct impact on the retirement accounts, pension funds, and personal savings of millions of our citizens. And if our nation continues on this course, the economic damage will be painful and lasting.” World and US markets today are up after severe declines yesterday. Most have recovered 30% of their previous losses, meaning that the potential government expenditure was similar to the market losses.

Bush then said that he knows “many Americans are especially worried about the cost of the legislation.” He then attempted to justify the cost. “The bill the House considered yesterday commits up to 700 billion taxpayer dollars to purchase troubled assets from banks and other financial institutions. That, no question, is a large amount of money. We’re also dealing with a large problem. But to put that in perspective, the drop in the stock market yesterday represented more than a trillion dollars in losses.”

If passed, the bailout plan would have allowed for the United States government to purchase devalued mortgage backed securities, resulting from the subprime mortgage crisis, from troubled financial institutions. The US Treasury Secretary Henry Paulson said the plan could cost up to $700 billion.

Monday, October 11, 2010

Wikinews interviewed author Amy Scobee about her book Scientology – Abuse at the Top, and asked her about her experiences working as an executive within the organization. Scobee joined the organization at age 14, and worked at Scientology’s international management headquarters for several years before leaving in 2005. She served as a Scientology executive in multiple high-ranking positions, working out of the international headquarters of Scientology known as “Gold Base”, located in Gilman Hot Springs near Hemet, California.

Friday, June 5, 2009

General Motors Corporation (GM), an American automaker which has filed for bankruptcy protection, announced on Friday that the Penske Automotive Group (PAG) was selected to purchase Saturn Corporation. The transaction should be completed in October.

The purchase includes rights to the Saturn brand, its five current models and its dealership network. Two models would be discontinued, the Sky and Astra. GM would continue building the Aura sedan, the SUV’s, Vue and Outlook for at least two more years.

Saturn has 350 dealers across the United States. The dealers employ more than 13,000 jobs and sell only the Saturn autos. Canadian Saturn dealers are not included in the deal.

According to Penske future Saturn vehicles will be fuel economy focused. An expert indicated that this would move Saturn back to its roots of a entry level car company. PAG is in talks with several international automakers to replace GM after 2011. Automotive News reports that Renault Samsung Motors of Korea is the most likely candidate.

Penske wants Jill Lajdziak, Saturn’s general manager, and Tom LaSorda, former Chrysler President to head up the company when it is independent of GM.

Serra Automotive in Grand Blanc Township, Genesee County, Michigan, is in talks to take a partial ownership in a new Saturn lead by Penske.

Tuesday, February 3, 2009

Sales of automobiles in the United States fell as much as 35% in January, compared to the same month a year ago, as manufacturers reported their January sales.

Ford Motor Company ^NYSE: F sales dropped 42% last month from the previous year. General Motors ^NYSE: GM reported a 49% decline. Chrysler was hardest hit among the domestically owned manufacturers with a plunge of 55%.

The decline in sales has not been limited to just US manufacturers. Japanese automaker Toyota ^NYSE: TM reported a 32% drop in US sales from a year earlier, Nissan Motors^{NASDAQ: NSANY} dropped 30%, and Honda ^NYSE: HMC sales dropped 28%.

Subaru and South Korean Hyundai Motor Company ^LSE: HYUD were two of the few auto firms that reported an increase in sales. They posted gains of eight and fourteen percent, respectively.

On an annual basis, sales overall have also been plummeting. Industry-wide US car sales dropped 18% last year to 13.2 million automobiles.

GM announced today that it will offer voluntary buyouts to 22,000 employees in the US, in an effort to reduce its expenditures.

Last month, GM and Chrysler were given loans worth US$17.4 billion from the government after they warned of imminent bankruptcy.

Thursday, January 14, 2016

Today, the family of English actor Alan Rickman announced his death at the age of 69 in London from cancer. As per the family statement “he was surrounded by family and friends” at the time of death.

Rickman started his film career as an antagonist in Die Hard — in which he played the role of Hans Gruber in 1988. He was 41 at that time. He won a British Academy Film Award for his role as the Sheriff of Nottingham in Robin Hood: Prince of Thieves in 1991. He played a ghost lover of Juliet Stevenson’s character in Truly Madly Deeply.

He also portrayed Professor Severus Snape in the Harry Potter series, an adaption of the novel series written by J. K. Rowling. Rowling tweeted “There are no words to express how shocked and devastated I am to hear of Alan Rickman’s death. He was a magnificent actor & a wonderful man”.

A well-known actor in Britain, he also directed My Name Is Rachel Corrie, an award-winning 2005 play based on emails of Rachel Corrie who was killed in the Gaza Strip protesting against Israel Defense Forces actions.

Wednesday, August 5, 2009

Environmentalists in Brazil are urging the country’s residents to urinate in the shower while washing themselves, to help conserve water and save the rainforest. Television ads being aired in the country claim that by doing so, the nation could save over 1,000 gallons of water per household each year.

SOS Mata Atlantica ran the ad campaign in an attempt to use comedy to get people to reduce the amount of water they use. “[The ad is] a way to be playful about a serious subject,” said Adriana Kfouri, a spokesperson for Atlantica.

The animated ad narrated by children shows people, including a trapeze artist, an alien and dancers, all taking a shower while at the same time, urinating in it. The ending of the ad then states, “Pee in the shower! Save the Atlantic rainforest!”

Ken Livingstone, former mayor of London, England, proposed a similar campaign in 2006. He said urine should be classified as a “green waste” and that “there is no earthly reason that you need to flush the loo if you have merely urinated. That’s a huge saving of water.”

[edit]

Friday, March 20, 2009

Following the Pilkhana massacre which occurred February 25 and 26 leaving 74 dead and the inferno at the Bashundhara City shopping mall complex March 13 leaving seven dead, Prime Minister Sheikh Hasina said security measures are being tightened countrywide across Bangladesh.

Fire drills will be enacted at all key-point installations (KPI). Fire fighting systems will be examined by the fire brigade and the public works department (PWD) to ensure functionality. Security measures will be enhanced supplementing areas under private security such as at the Bashundhara City Complex.

The Fire Service and Civil Defence Department requires modernization and needs new equipment to fight fires past the sixth floor of buildings. The Fire Brigade says it needs turntable ladders, snorkels, foam-tenders, lighting units, emergency tenders, fireproof uniforms, and rescue ropes for fire fighting and rescue operations. Transportation to fires is also an issue due to narrow roads, low electrical wires and congestion.

The Bangladesh National Building Code requires fire fighting equipment installed in buildings over seven floors. This code is to be monitored by authorities to ensure compliance with the new guidelines and to make sure buildings are being maintained.

The Bashundhara City Complex opened Monday for shoppers two days after Friday’s blaze. A probe is underway to determine the cause of the fire and to assess structural damage.

Loss of life was minimized as the blaze broke out on a Friday, the beginning of the weekend in Bangladesh, so offices in the upper floors were empty. The lower eight floors are used for shopping and the upper floors are all Bashundhara Group offices.

The mall is valued at Tk 7.0 billion (US$100 million). It is not known if the complex is covered by fire insurance.

It is estimated that it will take over two years to rebuild the area damaged by flames which were burned down to a skeleton. Bashundhara City’s technical advisor, Latifur Rahman, estimated damages at Tk 2.0 billion (US$29m).

Only one television cameraman has been allowed in to film the burnt area. None of the 2,500 shops, cinemas or cafes were burnt by the inferno. The seventh and eighth floors still experience smoke damage, and there was water damage to merchandise.

A three member committee is currently investigating the cause of the fire which will consist of Iqbal Khan Chowdhury, joint secretary of the ministry, representatives of the police, IGP Noor Muhammad, and fire brigade, Director General Abu Nayeem Md Shahidullah. The committee is required to report within the week with their findings. The forensics department is also sifting through the burnt remains.

The Dhaka Chamber of Commerce and Industries has also formed a committee which has begun interviewing witnesses and recording their testimony alongside the government committee.

It has been discovered that 150 closed circuit cameras were not being used when the fire started. Another mystery is why the mall fire fighting system has been found unused.

“In the shopping mall there is an ultra-technology elevator which runs even without electricity but we have found that locked,” Iqbal Khan Chowdhury, joint secretary (Police) of the home ministry, said. “Why the fire burnt so fiercely is a matter to think. We have to see if there was any incendiary substance there. These matters seem to be mysterious.”

Mall management has been asked to submit substances and items which would have been in the upper floors when the fire started. The fire erupted on the 17th floor and spread quickly to the two floors above and engulfed the three floors below. The aerial ladders belonging to the Fire Service and Civil Defence reached as high as the 13th floor of the 21-storey building.

Videos have been sent to the United States (US) for examination to assist in determining the cause of the fire and to help in the damage assessment. Experts from the US are expected to arrive soon.

Firefighters were brought to the rooftop of the 20-storey tower by helicopter. The only fatality in this operation was Baki Billa, a firefighter of Bashundhara City firefighting department, who fell when climbing down a rope from a helicopter to the roof of the building. Three other firefighters made the transition safely. At this same time, the chief security officer was safely rescued by the Bangladesh Air Force helicopter, a Bell 212. Six security officers of the complex also lost their lives.

Tuesday, September 13, 2011

The Council of the European Union voted yesterday to extend the term of copyright on sound recordings by twenty years, from 50 years to 70, preventing a number of early recordings of 1960s rock musicians including The Beatles from entering the public domain. The 1962 hit “Love Me Do” would have entered the public domain in 2012 if this legislation had not been introduced. EU member states have to enact the copyright extension within two years.

The news was welcomed by representatives of the recording industry and by some recording artists. Cliff Richard has campaigned for term extension. Mick Jagger from the Rolling Stones said the decision was “obviously advantageous” to performers, and Bjorn Ulvaeus from Abba welcomed the continued control over the group’s recordings: “Now I won’t have to see Abba being used in a TV commercial”. Geoff Taylor from the British Phonographic Industry said “[a]n exceptional period of British musical genius was about to lose its protection. As a matter of principle, it is right that our musicians should benefit from their creativity during their lifetimes, and that they should not be disadvantaged compared to musicians in other countries.”

Extension of the copyright term also has critics. Jim Killock, from the British digital rights advocacy group the Open Rights Group (ORG), said the move “puts money into the pockets of big labels” but will be “unlikely to benefit smaller artists and it will mean that a lot of sound recordings that are out of print will stay out of print”. Singer Sandie Shaw, of the Featured Artists’ Coalition, said the move would be “extremely good news for record companies and collection agencies, but bad news for artists” and would lead to artists having “20 more years in servitude to contracts that are no longer appropriate to a digital age”.

The extension to 70 years is less than that EU Commissioner Charlie McCreevy proposed in 2008. At that time, Wikinews interviewed Eddan Katz of the Electronic Frontier Foundation (EFF) and Becky Hogge, then Executive Director of ORG, in Brussels. The two organisations were gathering like-minded groups to oppose harmonisation with the US’s 95-year term. Characterising the sought extension as “Cliff Richard’s pension”, Hogge asserted, “[w]hat you’ve got at the end of the day with copyright term extension is basically […] rent seeking by special interest groups lobbying governments to change the law in order that they may economically gain directly.”

Two reviews of intellectual property rights in Britain have concluded it would not be economically beneficial to extend copyright terms on sound recordings. The Gowers Review of Intellectual Property in 2006 concluded extension of the copyright term would “negatively impact upon consumers and industry”. The Hargreaves Review of Intellectual Property and Growth in 2011 concluded it would be “economically detrimental”. A study conducted by Bournemouth University’s Center for Intellectual Property Policy and Management concluded 72% of the economic benefits of the term extension would go to record labels, with 28% going to artists, only 4% of which are going to less successful artists.

Friday, July 1, 2005

In the wake of a United States Supreme Court ruling in Kelo v. New London on eminent domain last week, a California man has proposed that Justice David Souter‘s New Hampshire home be seized by the state and a hotel be built on the site. Logan Darrow Clements faxed a letter to town officials in Weare, New Hampshire June 28, 2005 that justified the action as such:

“The justification for such an eminent domain action is that our hotel will better serve the public interest as it will bring in economic development and higher tax revenue to Weare.”

Justice Souter, who was in the majority ruling in the Kelo case, has lived at the farmhouse in Weare since he was 11 years old. Clements indicated that it was necessary to build on that location because “it is a unique site being the home of someone largely responsible for destroying property rights for all Americans.” The action has given rise to a great deal of support nationwide, as many are writing to the councilors of the small town of Weare to voice their approval for the proposal.

The proposal for the “Lost Liberty Hotel“, as it is to be called, features a number of components which seem to focus on the libertarian leanings of its designer. A dining room, called the “Just Desserts Cafe” and a museum based on the “loss of freedom in America” are two such components. Instead of a Bible provided by the Gideons (a standard item placed in most American hotel rooms), each guest will receive a free copy of Ayn Rand‘s novel Atlas Shrugged.