lakecountrybeer.com

Thursday, June 4, 2009

In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a plan for what he called a “New GM”.

Speaking to the press under safe harbor provisions of U.S. law, Henderson described the events of today as a “defining moment” in the history of General Motors. Speaking to the public he said that “The GM that let you down is history,” and described a “New GM” that he expected to result from the bankruptcy process.

Henderson stated that he envisioned the bankruptcy process would take between 60 and 90 days. He stressed several times his view that the process would be one that is executed quickly, saying that not just a sense of urgency but “pure unadulterated speed” was his expectation of the process. He emphasized that “GM remains open for business” during the bankruptcy period, continuing to sell and to support its products, and that day one motions had been filed in the bankruptcy court in order to allow this.

Regarding the bankruptcy process he said, “We will do it right. And we will do it once.”

He stated that the plan for General Motors had the support of the United Auto Workers union, the Canadian Auto Workers union, the GM VEBA, and a majority of the unsecured bondholders of GM. He also mentioned that GM had already received €1.5 million in bridge financing from the German government.

In response to questions about the possibility of the United States federal government, a majority shareholder in the restructured company, dictating future product development and strategy, such as the sale of more fuel-efficient and green vehicles; he first observed that the federal government had already stated to him that it had “no real interest in running our business” and that he expected that still to be his job. Of the specific hypothetical scenario where the management of GM wants to make one type of car, because it thinks that it is the right thing for the business, and the U.S. government wants to make another type of car, he stated that “I don’t think it’s going to happen.” Expanding on that point he stated that he expected the “New GM” to focus upon “highly fuel-efficient and green technology”, and that operating both in accordance with U.S. environmental laws and in response to customer demand would naturally result in the New GM producing the types of vehicles that the U.S. government would encourage.

The “New GM” he also expected to focus on “four core brands”, and will size its dealership to match that. He stated that GM would offer a “deferred termination” package to dealers, to allow them to cease dealing in GM vehicles in a managed and gradual way.

He stated that the bankruptcy filings did not cover General Motors’ businesses in Latin America, Europe and the Middle East, and Asia and the Pacific. Of GM’s profitable ventures in China, specifically, he stated that they were “a critical part of the New GM”. In response to questions of whether the New GM would import cars from China to the U.S., he stated the formative company’s core principle that “We build where we sell” applied in both directions, with GM building in China to sell in China and building in the U.S. to sell in the U.S., stating that this shortened supply chains.

He declined to predict when the New GM would return to profitability, stating that the goal was rather to lower the break-even EBIT point for the company. He also declined to speculate upon when the U.S. government would sell its stake in the company, saying that that was a question “better addressed to the U.S. Treasury”, and merely saying that he expected it to be “years, not months” when the U.S. Treasury felt it would give “the right return for taxpayers.”

Sunday, November 6, 2016

The following is the sixth and final edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: the Free & Equal Foundation holds a presidential debate with three little-known candidates; three additional candidates give their final pleas to voters; and past Wikinews interviewees provide their electoral predictions ahead of the November 8 election.

Monday, November 26, 2007

In the 18 months since Andrea Muizelaar was crowned winner of the reality TV series Canada’s Next Top Model, her life has been a complete whirlwind. From working in a dollar store in her hometown of Whitby, Ontario, to modeling haute couture in Toronto, she had reached her dream of becoming a true Top Model.

But at what cost? Unknown to casual television viewers, Muizelaar had been enveloped in the eating disorder anorexia nervosa, which inevitably became too much for her to bear. She gave up modeling and moved back to Whitby, where she sought treatment for her disorder, re-entered college, and now works at a bank. Where is she now? Happy and healthy, she says.

Recently Andrea Muizelaar sat down with Wikinews reporter Mike Halterman in a candid interview that stretched to nearly two hours, as she told all about her hopes and aspirations, her battle with anorexia, and just what really happened on Canada’s Next Top Model.

Monday, September 27, 2010

Fatmir Sejdiu, the President of Kosovo, has resigned from his post. He resigned after a court ruled that he had breached the constitution by holding the post of president and being the leader of a political party at the same time. President Sejdiu is also the leader of the Democratic League of Kosovo (LDK).

Sejdiu announced his resignation during a press conference. He said “I presented my resignation for the post of Kosovo president today. I was convinced that keeping the function of the president of the Democratic League of Kosovo without exercising it did not violate the constitution, the court had a different opinion and I respect the ruling.”

A complaint against Sejdiu had attracted the support of 32 members of parliament. Today the constitutional court of Kosovo ruled that Sejdiu breached the constitution by holding the posts of president of Kosovo and of the LDK.

Sejdiu became president in February 2006 after the death of Ibrahim Rugova and the nation declared independence from Serbia in 2008, subsequently becoming recognised by over 70 countries. At the time of his resignation Sejdiu was preparing for talks with Serbia over the possibility of joining the European Union.

Tuesday, March 13, 2007

Scientists at NASA say that new satellite images of Saturn‘s moon Enceladus taken in 2005, has shown that the moon has begun to spew geysers which contain liquid water, and that the internal heat produced by the moon’s core may be able to host life below the icy surface, but scientists also stress that life has not yet been found on the moon.

Scientists say that the heat source producing the geysers is “organic” and that the material used to spew them is caused by the decaying of radioactive material from inside the moon.

“Deep inside Enceladus, our model indicates we’ve got an organic brew, a heat source and liquid water, all key ingredients for life. And while no one is claiming that we have found life by any means, we probably have evidence for a place that might be hospitable to life,” said Dennis Matson, a scientist for the Cassini project.

In a new model created by NASA scientists, data shows that Enceladus might have been created by aluminum and iron isotopes which have begun to decay causing large amounts of heat to build up in the moon and over billions of years later, the icy mass has began to melt near the moon’s core, causing the water to spew into outer space.

“Enceladus is a very small body, and it’s made almost entirely of ice and rock. The puzzle is how the moon developed a warm core. The only way to achieve such high temperatures at Enceladus is through the very rapid decay of some radioactive species,” said Dr. Julie Castillo, the lead scientist developing the new model at the Jet Propulsion laboratory or JPL.

“The decomposition of those isotopes – over a period of about 7 million years – would produce enormous amounts of heat. This would result in the consolidation of rocky material at the core surrounded by a shell of ice. According to the theory, the remaining, more slowly decaying radioactivity in the core could continue to warm and melt the moon’s interior for billions of years, along with tidal forces from Saturn’s gravitational tug,” said a statement on NASA”s website.

Data from Cassini’s ion and neutral mass spectrometer further shows that the natural building blocks of life are also present within Enceladus. The results show that carbon dioxide, acetylene, methane, propane and nitrogen, the basic building blocks for life, are all present within the moon.

“The team concludes that so far, all the findings and the hot start model indicate that a warm, organic-rich mixture was produced below the surface of Enceladus and might still be present today, making the moon a promising kitchen for the cooking of primordial soup,” added the statement.

Cassini will make a flyby on Enceladus in march of 2008. The mission will “measure the gas emanating from the plume,” ended the statement.

Wednesday, October 17, 2007

The American satirist Stephen Colbert has announced that he will run for the Presidency of the United States. He made his announcement on his mock news show The Colbert Report.

However, Colbert said that he would only run in his home state of South Carolina as a favorite son. He also said that he would represent both major political parties: the Republicans and the Democrats. It is not known how far Colbert will go with his character during his electoral run.

Colbert has hosted The Colbert Report, a spin-off to another satirical television series, The Daily Show, since its creation in 2005. “I didn’t have a job back then. I wonder what it was like to have a job back then. I am sure I could ask a dentist or a surgeon. He would know.” On the show he plays a right-wing political pundit, based on real-life pundits such as Bill O’Reilly and Stone Phillips. Colbert has been credited with popularizing certain words such as “Truthiness”, meaning to believe something intuitively, without regard for actual facts, logic or evidence.

Filling in for New York Times columnist Maureen Dowd on Sunday, Colbert wrote: “I am not ready to announce yet — even though it’s clear that the voters are desperate for a white, male, middle-aged, Jesus-trumpeting alternative.”

Thursday, February 24, 2005

A paste containing synthetic tooth enamel can seal small cavities without drilling. Kazue Yamagishi and colleagues at the FAP Dental Institute in Tokyo say that the paste can repair small cavities in 15 minutes.

Currently, fillers don’t stick to such small cavities so dentists must drill bigger holes. Hydroxyapatite crystals, of which natural enamel is made, bond with teeth to repair tiny areas of damage.

Yamagishi and colleagues have tested their paste on a lower premolar tooth that showed early signs of decay. They found that the synthetic enamel merged with the natural enamel. The synthetic enamel also appears to make teeth stronger which will improve resistance to future decay. As with drilling, however, there is still the potential for pain: The paste is strongly acidic to encourage crystal growth and causes inflammation if it touches the gums.

The paste is reported in the journal Nature.

Thursday, May 4, 2006

The Greek Premier Kostas Caramanlis and his counterpart of Turkey, Rejep Tayyip Erdogan, had a meeting, for 45 minutes, in Thessaloniki, northern Greece, in the sidelines of the Inter-Balkan Cooperation Summit. Caramanlis and Erdogan had the opportunity to discuss the bilateral issues between Greece and Turkey, such as the Cyprus Issue, the dispute between the two countries in the area of Aegean Sea as well as the process of Turkey’s efforts to become a member of the European Union. Today, the Prime Minister of Turkey will have the opportunity to visit the Turkish Consulate of Thessaloniki; the house in which the founder of the Republic of Turkey, Kemal Ataturk, was born.

Except from the Caramanlis-Erdogan meeting, important discussions took place in Thessaloniki between the leaders of Southeast Europe countries. The Bulgarian Prime Minister denied the reports in Bulgarian Media, whereby the Bulgarian public sector was backing out of the Burgas-Alexandroupolis oil pipe construction. In addition, the leaders welcomed the signing of the agreement for constructing a state-of-the-art railroad network in Southeast Europe, which as he said, would modernise rail transport, reduce travel time and increase the quality of the services provided in the region.

Japan, a major contributor to Balkan reconstruction projects, has guest status at the meeting, represented by Deputy Foreign Minister, Akiko Yamanaka. The Summit focused on the European prospects of the Southeast European countries, economic relations, the issue with Kosovo, and the political crisis in Serbia, following the failed arrest of wanted General Mladic and the freezing of negotiations with the European Union.

Monday, November 28, 2005

SpaceX called off the much-delayed inaugural launch of their new Falcon 1 rocket on Saturday from Kwajalein’s Omelek Island launch site. The intent was to launch the U.S. Air Force Academy’s FalconSat 2 satellite, which will monitor plasma interactions with the Earth’s upper atmosphere and magnetosphere.

The launch was delayed, then finally cancelled after an oxygen boil-off vent had accidentally been left open. The oxygen was unable to cool the helium pressurant, which then proceeded to evaporate faster than it could be replenished. A main computer issue, probably serious enough to cause a scrub on its own, was also discovered.

This long-anticipated flight was originally expected to be launched in January 2005, however a series of setbacks forced a series of delays, with the flight most recently scheduled to be in early 2006. It was intended to be launched from the Kwajalein atoll in the middle of the Pacific Ocean.

The maiden voyage was originally intended to launch from Vandenberg Air Force Base in California with a Naval Research Laboratory satellite and a Space Services Incorporated space burial payload.

Monday, February 20, 2006

The New Zealand government has announced that it will be reviewing funding for medical and dentistry students at Otago and Auckland Universities to certify the institutions’ standards and help staff retention.

The dean of Auckland University’s Faculty of Medical and Health Sciences, Professor Iain Martin says the review “can’t come soon enough”.

The Medical Students Association welcomes the review. It says that it has been worried about student debt for years “High debt encourages too many graduates overseas, or into high paying areas of practice at the expense of areas like general practice”