Bankruptcy for U.S. automaker GM becomes almost certain after bondholder offers fail

Thursday, May 28, 2009

The United States automobile manufacturing firm General Motors announced on Wednesday that most of its bondholders did not exchange GM’s US$27 billion debt for a ten percent share in the company’s stock.

The automaker, in financial straits, has a June 1 deadline to finish a government restructuring plan that includes plant closures and other debt reduction measures. U.S. President Barack Obama’s administration said it would not give more financial aid to the firm unless 90% of GM’s bondholders would agree on compromises that would significantly reduce the firm’s costs.

“The principal amount of notes tendered was substantially less than the amount required by GM to satisfy the debt reduction requirement,” GM said in a statement.

“They said no. That’s it. They tried. That’s why they’re going to have to file for bankruptcy,” said a university professor from the University of Michigan who specializes in bankruptcy.

NTSB announces safety recommendations to be made in aftermath of Comair Flight 5191 disaster

Saturday, June 9, 2007

The American National Transportation Safety Board has announced that it will make new airline safety recommendations. This comes a result of its investigation into the Comair Flight 5191 disaster, in which a Bombardier Canadair Regional Jet (CRJ) CRJ-100ER crashed whilst attempting take-off from the wrong runway at Blue Grass Airport, Lexington, killing 49 people and leaving just one survivor. The plane was unable to take off because that runway was too short.

The NTSB has now announced that, on July 26, the date on which the NTSB is to determine the probable cause of the accident, they will issue safety recommendations regarding methods of preventing a recurrence of the disaster.

One of the recommendations will concern developing and implementing a cockpit-based system that will inform pilots when they are in the wrong location. Another will involve rescheduling the workloads of Air Traffic Controllers to ensure they receive more sleep, a request they had previously made in April.

Regarding location warning systems, the FAA has pointed out that they have been working on methods of preventing runway incursions (in which a person, ground vehicle or another aircraft is on the runway when or where it should not be), to which the National Transportation Safety Board chairman Mark Rosenker responded “The FAA is doing a great job testing these systems. The question we have is, when will you finally implement that technology?” FAA Associate Administrator Margaret Gilligan responded by saying that they were currently looking at just such a system, adding “We do have airlines that have committed to put that technology on the flight deck once it’s approved”. The system referred to involves runway signal lights and is currently being tested at Dallas-Fort Worth International Airport.

The NTSB will also look at runway and taxiway markings and the ways they can confuse pilots, as this issue has been identified as a contributing factor in the accident. Rosenker said the NTSB was “very interested” in this area. 140 airports have unclear or confusing markings in the US, but it is not certain if Blue Grass Airport is one of them. However, the Air Line Pilots Association (ALPA) made a submission to the NTSB stating that they had found that the markings at Blue Grass Airport did not match those on the charts the pilots were using. ALPA went on to recommend greater standardisation of airport runway markings.

Blue Grass Airport responded yesterday by saying that there was nothing wrong with their runway markings, with spokesman Brian Ellestad saying “We have had numerous inspections before and after (the Comair crash) and have had no issues… FAA reiterates that we meet all requirements for signage, markings, lighting, runways and taxiways.”

Pakistan: car rams into police truck killing at least seven, injuring 22 in Quetta

Friday, October 20, 2017

On Wednesday, at least seven people were killed and 22 were injured in Quetta, Balochistan province, Pakistan, after a car rammed into a truck carrying policemen. Abdur Razzaq Cheema, a police chief, said five police officials died in the incident and eight were critically injured.

Speaking to Al Jazeera, police official Muhammed Akbar said the incident took place on Saryab road. Sanaullah Zehri, chief minister of Balochi province, said, “it was a sucide attacker who appeared in a car with 70 to 80kg of explosives”. Reuters reported Pakistani Taliban had claimed responsibility for the attack.

Another police official was killed in a different part of the city. Lashkar-e-Jhangvi claimed responsibility for shooting and killing that official. They also claimed to have installed a bomb on the roadside. Officials said two Pakistani soldiers were killed due to that explosion.

At least five were killed in in a gunfire incident in Quetta last week. Earlier this month, more than a dozen were killed at a Sufi shrine in Balochistan in an alleged suicide attack.

Imagination Movers to shoot Disney series pilot

Wednesday, October 11, 2006

New Orleans-based band Imagination Movers have announced that they will be shooting a pilot for the Disney Channel this December.

The band reached a deal with Disney this April to distribute their music through Disney Records, after a year of negotiations. The series is set to debut on Playhouse Disney in 2007. Since September, their music videos have been on rotation on The Disney Channel.

Nancy Kanter, the senior vice president of programming for Playhouse Disney, first discovered the movers at the Kids Tent of the New Orleans Jazz and Heritage Festival. “We sat in the hot Kids Tent and were just blown away to see the response to them. We’d heard their CDs, but when you actually sit there with a couple hundred preschoolers and, in some cases, older kids, and see the way they react to the music, we thought, ‘This is for us.'”

The Movers launched Playhouse Disney’s concert series, playing at MGM Studios‘ ABC Theater from 18-24 September. The band is playing a Halloween concert on 21 August 2006, in New Orleans.

Imagination Movers are a kids band formed in 2003. Indie Kids Rock reviewed the group in May, saying they were “the U2 of kids music with a big anthemic pop/rock sound, catchy lyrics, & of course, imagination.” The group includes Rich Collins, Scott Durbin, Dave Poche and Scott “Smitty” Smith. While all four members had at least “dabbled” in music, Durbin was a computer instructor, Collins worked in online journalism, Poche as an architect, Smith as a firefighter.

K-pop band 100%’s lead singer Seo Minwoo dies

Wednesday, March 28, 2018

On Monday, South Korea’s TOP Media entertainment management company announced Seo Minwoo, lead singer of K-pop band 100%, had died at his home in South Korean capital Seoul on Sunday; reportedly, in the evening, local time. In the official statement, the agency said, “The deceased was found to have a cardiac arrest in his home in Gangnam, Seoul. 119 [helpline number] paramedics were dispatched, but he was found to have died.”((ko))Korean language: ??? ?? ?? ???? ??? ??? ?? 119???? ?????? ????? ?????.

Seo was 33 years old. He made his acting debut more than a decade ago, in 2006. He appeared in Korean television series Sharp 3. A year later, Seo appeared in The King and I. In 2012, Seo took up singing, and became the lead singer of 100%.

In 2014, Seo rendered compulsory military service. He featured in another television drama in 2016 called Twenty thousand won to Pyongyang.

“The funeral will be held quietly according to the will of the family”((ko))Korean language: ??? ???? ?? ?? ??? ?? ?????, TOP media’s announcement read. The boy band had concerts scheduled for April 21 and April 30 in Japan.

Keep Your Water Usage Low With Faucet Repair In Holland

byAlma Abell

One of the biggest investments that most homeowner make after they purchase a house is the remodeling of the kitchen or bath. This is an excellent way to increase the value of the home and it allows the homeowner to acquire a little extra equity in the process. One of the reasons these rooms are such popular areas for renovation is because of the variety of fixtures and accessories that are available. A homeowner could spend literally thousands of dollars on the fixtures alone. Of course, these are definitely high end items that provide a quality that can’t be bought at the local big box store. This is why it is so important to hire an experienced professional whenever it’s time for Faucet Repair in Holland.

[youtube]http://www.youtube.com/watch?v=7P06CYi8o7s[/youtube]

The principle of the faucet is very simple, it’s a valve that blocks the flow of water. From there, things begin to get complicated. First, the water it is blocking is under pressure which means the valve needs some sort of seal between the metal pieces. With most modern faucets this is usually an O ring rubber gasket. These gaskets will wear over time which can allow the water to seep past it. In other cases the O ring can get pinched and leave a small tear that the water can work it’s way past. Either way, the faucet must be taken apart to make the repair.

Because of the differences in models and manufacturing methods every repair will be a little different. In most cases you have to remove the outer shell of the faucet so you can access the valve. This can be one of the most critical aspects of the repair. One little slip or any attempt to use the wrong tool and you can permanently mar the surface of the faucet. This type of damage is not usually reparable which is why most folks suggest that you hire a professional for your next Faucet Repair in Holland. A certified plumber knows exactly how to disassemble the faucet without damaging anything and they have the proper tools to facilitate the repair.

Oral Roberts University accountant claims he was ordered to “cook the books”

Wednesday, November 21, 2007

A former accountant for Oral Roberts University (ORU) has filed a lawsuit against ORU and its Board of Regents claiming he was told by Richard Roberts and his wife Lindsay to “cook the books”, hiding financial wrongdoing from authorities and the public. Trent Huddleston, the accountant, has filed suit against the school and the Robertses claiming he “was improperly and unlawfully directed to perform functions and duties in violation of state and federal law in an effort by the defendants to ‘cook the books’ and hide from the appropriate authorities and the public the continued wrongdoing, improper and illegal conduct of the defendants, and in particular, of Richard and Lindsay Roberts.”

Huddleston said that nearly $123,000 in remodeling fees for their home was paid by Oral Roberts University and Oral Roberts Ministries. In addition the lawsuit alleges $4,000 was spent on a pool table for the Robertses. Previously the Roberts were accused of illegal political and financial wrongdoing, which forced the president to step down from his positison.

Last week at a meeting called by Oral Roberts, founder of the University and former faith healer, a majority of the faculty voted against allowing Richard to serve as president.

An ORU spokesman declined to comment on latest lawsuit and the faculty meeting.

In other news, Tulsa World released emails between Richard and his political adviser and sister-in-law, Stephanie Cantees. The emails given by an anonymous source, show the two plan to gain political influence using ORU students.

Rhode Island borrows $90 million from US for jobless claims

Thursday, October 1, 2009

Rhode Island will receive US$90 million in funding from the United States federal government to support unemployment benefits in the state.

Rhode Island’s Department of Labor and Training stated on Wednesday that it requested the line of credit because the account utilized to provide funding to unemployed individuals in the state had decreased to only $2 million; enough to last only a few days.

Unemployment insurance customers will not experience any delays in receiving their weekly payments.

In a statement released by the Department, the agency said: “Unemployment insurance customers will not experience any delays in receiving their weekly payments.”

Unemployment in Rhode Island was 12.8 percent in August 2009 – the third-highest rate in the United States. During the first eight months of 2009, Rhode Island’s state unemployment insurance trust fund has provided over $300 million in unemployment benefit funding.

In addition to Rhode Island, 20 other states have outstanding balances on money they borrowed from the Federal Unemployment Account of the United States Department of Labor. Rhode Island has an outstanding balance of approximately $90.68 million due to the account. The loans are interest-free until December 2010.

Wikinews interviews Joe Schriner, Independent U.S. presidential candidate

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Flooding in Slovenia leaves six dead

Thursday, September 20, 2007

Six people are confirmed dead after Tuesday’s heavy rains in Slovenia. Up to 300 mm of rain fell in just a few hours across the country, with swollen rivers, torrential streams and landslides sweeping away cars, houses, bridges, and whole sections of roads. In some areas, public services have not yet been restored, and healthcare and drinking water are being provided by mobile units. Some major roads are still closed. The damage includes the destruction of the resistance Hospital Franja, a museum site from the Second World war.

Worst hit was the valley town of Železniki, where three people died, 350 houses were flooded and over a hundred cars were swept away by the swollen river Sora. The dead included a woman who was swept away by the river in her car. The local health facilities and the elementary school are closed. Road communication to several surrounding villages was cut off by landslides. The flood also badly damaged local industry. The lower-lying town of Škofja Loka was also badly hit by the flood. A 31-year-old volunteer fire fighter was killed during the rescue effort in Cerklje.

Other badly affected areas include those along the rivers Sava, Savinja and Dravinja. All three rivers and many of their tributaries overflowed and flooded fields and towns. The low-lying parts of Celje, Laško and Nazarje were flooded by up to 2 meters of water. A 34-year-old man and a 24-year-old woman were killed in Podgorje near Braslov?e when their house was buried in a landslide. Two older people managed to leave the house unharmed.

Damage was widespread across the country and many roads were blocked by landslides. Velenje was cut off from the world for more than a day. The main road connecting the mountainous Bohinj valley to the central part of the country was closed, leaving only the mountain road to Tolmin.

Near the town of Cerkno, which was itself flooded, the museum site of Hospital Franja was nearly completely destroyed. The partisan resistance hospital from the Second World War, situated in a narrow mountain canyon above the town and named after the young doctor who worked at the site, treated hundreds of wounded resistance fighters and remained undiscovered by the Wehrmacht throughout the war. The hospital consisted of 12 wooden cabins and a miniature hydroelectric power plant. The power plant and all but one of the wooden cabins and were swept away by the swollen stream. Hundreds of exhibits, including medicine containers, locally produced medical equipment and an x-ray machine were lost or badly damaged.

The government of Slovenia directed €500,000 from the emergency fund to immediate rescue and repair operations, and has promised to help the affected municipalities and population with funds from the budget. The government has also pledged to rebuild the Hospital Franja museum site.

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