a2jfreak.net

Wednesday, March 18, 2009

United States President Barack Obama stated Monday that insurance giant AIG is in financial trouble due to “recklessness and greed,” and called for legal action to stop the company from giving out millions of dollars in bonuses to its executives.

“It’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay,” Obama said. “How do they justify this outrage to the taxpayers who are keeping the company afloat.”

Obama’s statement comes after reports surfaced last weekend saying the insurance agency, which is in deep financial trouble, had paid US$165 million to executives in bonuses, after receiving $170 billion as part of a government bailout plan.

AIG has said that the bonuses have to be given out, as the company is legally required by contract to do so. A representative with the National Economic Council, Lawrence H. Summers, also said that the bonuses were required to be given out. If AIG had refused to give out the bonuses, employees could file a lawsuit against the company for the money.

“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury,” AIG CEO Edward M. Liddy said in a letter addressed to Treasury Secretary Timothy F. Geithner on Saturday.

Liddy said that he asked Geithner “to use that leverage and pursue every legal avenue to block these bonuses and make the American taxpayers whole.”

“I want everybody to be clear that Secretary Geithner’s been on the case,” Obama said. “He’s working to resolve this matter with the new CEO, Edward Liddy, who, by the way, everybody needs to understand, came on board after the contracts that led to these bonuses were agreed to last year.”

If the bonuses cannot be stopped, the U.S. Congress says they want AIG to reimburse the government. Congress is looking to impose stiff new taxes on the pay, or ordering the company to return the money which was originally granted from a government bailout. In a letter to House Speaker Nancy Pelosi on Tuesday, senator Richard Shelby promised that the treasury will recover all of the money. Several U.S. senators along with Liddy have sent letters to AIG asking for the bonuses to be renegotiated, something AIG agreed to and says they will reduce future bonuses by 30%. Senators state that if Libby does not respond by renegotiating the bonuses, the Senate Finance Committee will propose an excise tax. Not only will an excise tax be proposed on AIG, but all companies receiving bailout money and their employees who receive bonuses.

Numerous House Democrats have introduced legislation which would place a 100% tax on any bonuses of over $100,000 from companies that are receiving government bailout funds. Meanwhile in the Senate, a bipartisan proposal by Max Baucus (D-Montana) and Charles Grassley (R-Iowa) would levy a special 90% excise tax on AIG’s bonuses. Asked Senator Baucus, who chairs the Senate Finance Committee: “What is the highest excise tax we can impose that will stand up in court? Let’s find out.”

Monday, February 12, 2007

Cars drove home the big prize last night, from the 34th Annual Annie Awards. The animation industry’s highest honor, ASIFA-Hollywood’s Annies recognise contributions to animation, writing, directing, storyboarding, voice acting, composing, and much more.

As mentioned, Pixar took home the big prize last night, after facing stiff competition from four other Happy Feet, Monster House, Open Season, and Over the Hedge.

But the biggest winner of the night didn’t get a “Best Animated Feature” nod at all. Flushed Away won five feature animation categories including Animated Effects (Scott Cegielski), Character Animation (Gabe Hordos), Production Design (Pierre-Olivier Vincent), Voice Acting (Sir Ian McKellan as Toad), Writing (Dick Clement, Ian La Frenais, Chris Lloyd, Joe Keenan, and Will Davies).

Over The Hedge won awards for Directing (Tim Johnson and Karey Kirkpatrick), Storyboarding (Gary Graham), and Character Design (Nicolas Marlet).

Of little surprise, Randy Newman won an Annie for Cars in the “Music in an Animated Feature Production” category. Newman has won many Oscars for his movie music, and has a nomination this year for the song “Our Town”. Newman didn’t attend the Annies, instead picking up a Grammy for “Best Song Written For Motion Picture, Television Or Other Visual Media”.

DisneyToon Studios’ Bambi II won “Best Home Entertainment Production”, while “Best Animated Short Subject” went to Blue Sky Studios’ No Time For Nuts, which is based on Ice Age.

“Best Animated Video Game” went to Flushed Away The Game, while a United Airlines ad named “Dragon” won a “Best Animated Television Commercial” Annie for DUCK Studios.

Wednesday, August 23, 2006

Former England football manager, Bobby Robson CBE, will undergo surgery to remove a tumour on his brain today.

Bobby Robson is 73-years-old, and has managed various soccer teams such as England, Newcastle United, Ipswich, Barcelona, PSV Eindhoven, Fulham, Sporting Lisbon and FC Porto. Currently, he is employed as a consultant for the Republic of Ireland team, but will miss their opening Euro 2008 qualifier against Germany in Stuttgart on 2 September. He has had cancer surgery 3 times prior.

Bobby Robson said:

“The tumour is in my brain, which sounds bad, but it is in a position where it can be removed relatively easily and it’s extremely small – the size of a grape – which indicates they have caught it early.”

Robson was taken to hospital on 5 August 2006 after complaining about feeling unwell 10 minutes before the start of an Ipswich match. He was discharged on 7 August, and on 20 August it became apparent the incident was due to a brain tumour.

Monday, June 5, 2006

Australian media reports that Prime Minister John Howard is expected to push a nuclear energy inquiry through federal cabinet this week. Meanwhile, a list of possible sites for nuclear reactors has been leaked by the Opposition to media. The locations, listed in 1997, include Adelaide, Darwin, Perth, Lucas Heights, Goulburn, Holsworthy, and Broken Hill in New South Wales and other sites.

West Australian (WA) premier Alan Carpenter says the list of fourteen potential sites were a “facade to soften up Western Australians into accepting a nuclear waste dump.” The WA Premier said people would not only be surprised but “stunned to learn that the federal cabinet considered possible sites… without disclosing them to any state government.”

Mr Carpenter said in a media release that the document mentions a site near Perth airport. “People should wake up to what’s happening around Australia, particularly in WA,” said Mr. Carpenter. “Only a few weeks ago, we had three prominent WA Liberal MPs supporting a nuclear waste dump in WA,” he said. “This is all a facade in the Howard Government’s push to soften up West Australians for a nuclear waste dump.”

Premier Carpenter, whose Labor government stridently opposes uranium mining in WA, stated his opposition to a nuclear waste dump: “I vehemently oppose the prospect of our State becoming the dumping ground for the world’s nuclear waste and that is what will happen if we allow uranium mining in WA. The evidence is mounting and indisputable.”

The South Australian Government has ruled out any possible nuclear power plant in SA. “A nuclear power plant would bankrupt our state,” SA Premier Mike Rann said. “It would not be commercially viable and would not, in my view, be acceptable to the public. Nuclear power plants need giant populations to sustain them, there is no-one coming to me from the commercial sector or the mining industry or anywhere else, suggesting a nuclear power plant.”

Earlier, Foreign Affairs Minister Alexander Downer said South Australia should build a nuclear power station to run a desalination plant. Premier Rann dismissed the idea as ridiculous and said comments by Mr Downer highlight divisions within Federal Cabinet. He said Mr Downer is at odds with the Federal Finance Minister Nick Minchin, who says the high costs of nuclear power would rule it out.

Mr Rann says South Australia will not allow nuclear power. “For once I’m agreeing with Nick Minchin,” he said. “I think Nick Minchin is right that a nuclear power plant isn’t necessary and won’t happen and I think that Alexander Downer is having a bit of a lend of him.”

Victoria’s Energy Minister Theo Theophanous said nuclear energy in Australia did not make sense when the cost and problems of waste disposal were considered. Mr Theophanous has rejected a report that found nuclear power could be competitive with conventional energy generation if it was subsided with help from a taxpayer subsidy.

A recent report found nuclear power could compete with gas or coal-fired electricity if taxpayers helped to pay for it or shouldered the risk of its production. The ANSTO report found nuclear plants could be built in the next 10 to 15 years and an Australian version would cost about $2.5 billion to establish. To make it viable, taxpayers would pay hundreds of million towards start-up costs, said the report.

But Mr Theophanous said Victoria had already had concluded the nuclear proposal did not add up. “I had my department look at this and provide a report to me more than a year ago in relation to the prospect of nuclear power,” he said. “The problem is a commercial one as much as anything else. It costs roughly double the price to produce power out of nuclear energy. If you’re going to pay double the price, why not put in wind farms? Why not use renewable energy, which is even cheaper than nuclear energy?” said Mr Theophanous .

The Victoria Government urges householders to reduce greenhouse emissions by reducing daily energy consumption. A new campaign identifies simple measures residents can adopt to cut power bills and greenhouse emissions, including turning the heating thermostat to no more than 20C, washing clothes in cold water and turning appliances off at the switch when they are not being used.

New South Wales Premier Morris Iemma has also declared his opposition to nuclear power. He said no nuclear power stations would be built in NSW as long as he is premier. Mr Iemma urged state opposition leader Peter Debnam to join him in opposing the construction of nuclear power plants in NSW. “While ever I’m premier of NSW there won’t be any nuclear power plants in NSW,” he told reporters.

Queensland Premier Peter Beattie says he “would not jeopardize the state’s coal industry by supporting a nuclear power plant.” Mr. Beattie has ruled out uranium mining in Queensland to protect the state’s huge coal industry. He said he would not support a nuclear power plant. “The State Government would not support it,” Mr. Beattie said.

“We have the power to block them and we would block them, we would not support nuclear power. Why would we have a nuclear reactor in competition with the coal industry?” Mr. Beattie told media.

Thursday, March 31, 2016

Businessman Rocky De La Fuente took some time to speak with Wikinews about his campaign for the U.S. Democratic Party’s 2016 presidential nomination.

The 61-year-old De La Fuente resides in San Diego, California, grew up in Tijuana, and owns multiple businesses and properties throughout the world. Since getting his start in the automobile industry, De La Fuente has branched out into the banking and real estate markets. Despite not having held or sought political office previously, he has been involved in politics, serving as the first-ever Hispanic superdelegate to the 1992 Democratic National Convention.

De La Fuente entered the 2016 presidential race last October largely due to his dissatisfaction with Republican front-runner Donald Trump. He argues he is a more accomplished businessman than Trump, and attacks Trump as “a clown,” “a joke,” “dangerous,” and “in the same category as Hitler.” Nevertheless, De La Fuente’s business background begets comparisons with Trump. The Alaskan Midnight Sun blog described him as the Democrats’ “own Donald Trump.”

While receiving only minimal media coverage, he has campaigned actively, and according to the latest Federal Election Commission filing, loaned almost US$ 4 million of his own money to the campaign. He has qualified for 48 primary and caucus ballots, but has not yet obtained any delegates to the 2016 Democratic National Convention. Thus far, according to the count at The Green Papers, De La Fuente has received 35,406 votes, or 0.23% of the total votes cast. He leads among the many lesser-known candidates but trails both Senator Bernie Sanders who has received nearly 6.5 million votes and front-runner Hillary Clinton who has just shy of 9 million votes.

With Wikinews reporter William S. Saturn?, De La Fuente discusses his personal background, his positions on political issues, his current campaign for president, and his political future.

[edit]

Wednesday, April 23, 2008

Catherine McGuigan, a resident in South Mimms, Hertfordshire, UK, found skeletons from over a century ago buried under her dining room.

She had hired builders for an extension for her cottage, where she has lived for eleven years, and at the beginning of April they found human bones in the ground.

Her cottage was built over a burial ground; from 1697 to 1820 the land was owned by the Religious Society of Friends. In the 1600s, members of the society, better known as Quakers, were persecuted for their beliefs and so were not allowed to be buried in consecrated church grounds. Instead burials, which were also sometimes for others not recognised as parishioners – such as homeless people, often took place in the countryside.

The Daily Mail states in its April article that the Religious Society of Friends have advised McGuigan that she “must cremate” the bodies, however Quakers have written an open letter to the Daily Mail, informing that for Quakers, there is “no specific advice on the disposal of bodies”, and that they had never expressed an opinion on how the discovered skeletons should be buried.

The cremation was rumoured to cost up to £32,000 – an £800 quote for cremation of a single body multiplied by 40, however as yet only ten bodies have been discovered.

The builders originally thought the bones were pieces of pipe, and McGuigan has now ordered coffins and is looking to holding a mass cremation or a burial in a nearby field.

Monday, May 26, 2008

The 27th Young Designers’ Exhibition 2008, recognized by the International Council of Societies of Industrial Design (ICSID) as the largest show of student creations, recently ended Sunday May 18. It was held at the Taipei World Trade Center. Improvements and expansions were seen with 107 academical and industrial units. Different design competitions participated and showcased their products and also received awards.

It’s no doubt that companies related to design and cultural industries want to discover creative talents from academical units in this exhibition. However, most companies still try to showcase different conceptional and applicative products in order to promote Taiwan’s designs into the world market. A typical example is Fora Series, a photo-voltaic product series by the Tsann Kuen Trans-nation Group.

Before entering into their careers, students participated in this show and showcased varied styles that differ from the usual industrial businesspeople. To get more opportunities and in order to interact with the design and cultural industries, students also participated in vast competitions and tried to get the top places. Some students also tried to design conceptional products in conjunction with industrial designs, especially in some design competitions.

In summary, not only did the 2008 YODEX, have companies which can discover talents and showcase achievements of industrial design in the exhibition, but students can make their stages to showcase excellences from their creations in several competitions related to YODEX.