US automaker bailout deal fails to pass Senate

Filed Under (Uncategorized) by on 31-07-2018

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

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Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

Wikinews Shorts: August 13, 2009

Filed Under (Uncategorized) by on 31-07-2018

A compilation of brief news reports for Thursday, August 13, 2009.

Contents

  • 1 Paris suffers second night of violence
  • 2 No concrete progress but North American leaders express solidarity
  • 3 Mexican federal police foil plot to assassinate President Calderón
  • 4 Aung San Suu Kyi sentenced to another three years of house arrest
  • 5 Four Rio Tinto employees formally arrested for bribery
  • 6 Michael Jackson to be the star one last time

The French capital Paris has seen a second night of violence by demonstrators, who have blamed police for the death of a motorcyclist on Sunday.

On Sunday night youths in the eastern suburb of Bagnolet, set 29 vehicles alight and threw stones and petrol bombs at police. Monday night was “relatively calm” according to Samira Amrouche, spokeswoman for the regional administration, the authorities having depolyed 40 vans of riot police only 8 vehicles were burnt.

The motorcyclist, a pizza deliveryman, was killed when he fled police attempting to examine his documents, dying when he was struck by a pursuing police vehicle according to the youths,however in the police version his death was a result of him crashing into barriers.

The current violence has echoes of the unrest in 2005, with again dissaffected youths of Arab and black descent venting their anger and frustration.

Sources

The leaders of the North American Free Trade Agreement (NAFTA) met in Guadalajara, Mexico on Sunday and Monday. The leaders of the three countries (Barack Obama of the United States, Felipe Calderón of Mexico, and Stephen Harper of Canada) promised to work together on swine flu, organised crime and green issues.

Despite disputes in a number of areas remaining unresolved, the three leaders succeeded in presenting an amiable Three Amigos image. The three leaders expressed solidarity, and an understanding of each others position.

The unresolved issues include the buy American clauses in the US stimulus package, tit for tat reprisals by the Mexican authorities over Canadian visa restrictions on Mexican travellers, and the US ban on Mexican trucks from crossing the border.

Risking the ire of human rights activists back home President Obama expressed support for President Calderón’s war against drugs saying he had “great confidence” in the Mexican authorities.

Sources

Mexican Federal Police (Policía Federal) have foiled an alleged plot to assasinate the President of Mexico Felipe Calderón. Acting on intelligence gathered over a year the Federal Police arrested five drug cartel members on Sunday and publicly paraded their captives and a number of weapons ,including automatic rifles, on Monday. Speaking during a summit of North American leaders Calderón played down the threats on his life, saying that the cartels are being destroyed by his policies.

Some 11000 have died since President Calderón’s took office in 2006 and made the war on drugs a cornerstone of his administration.

Sources

Aung San Suu Kyi has been sentenced by a court in Burma to a further three years of house arrest for violating the terms of her previous sentence. However her sentence was immediately commuted to 18 months on the orders of Burmese head of state Senior-General Than Shwe out of respect for her father General Aung San and out of a desire for “national reconciliation”.

The period of her arrest will prevent Aung San Suu Kyi from participating in the general elections scheduled for 2010. The sentence was immediately condemned by Western leaders, and breaking from their usual silence, the Association of South East Asian Nations (ASEAN) through its current chair Thailand issued a statement expressing disappointment. The ASEAN statement and talk of further European Union and United States sanctions are unlikely to have any impact on Southeast Asian country given the support of India and China.

The Chinese issued a statement calling for the world to respect Burmese sovereignty and laws, and is seen as an indication that China, a veto power will not support any United Nations actions.

John Yettaw whose unauthorised visit led to Aung San Suu Kyi’s prosecution has himself been sentenced to seven years imprisonment, four of which will be for hard labour.

Sources

Four employees of the Rio Tinto Group have been formally arrested in China on charges of bribery and using improper practises in its negotiations with Chinese companies. The Chinese accuse the men of improperly learning the negotiating position of Chinese companies wishing to buy iron ore, and through this charging 700 billion yuan (US$102.46 billion) more then they would otherwise have been able to

The four were initially held on espionage charges and have been held since early July. The formal charges allows the Chinese authorities to hold the four a further seven months as it prepares its case against them. Their arrests followed the collapse of an attempted by Chinese owned Chinalco to raise its stake in the Anglo-Australian Rio Tinto Group to 18%.

Sources

Michael Jackson will be the star of a film to be released on October 28, some four months after his death. The film will be primarily cut from footage of Jackson rehearsing for the series of concerts that would have taken place at the O2 in London, but will also feature interviews with Jackson’s family and friends.

The film becomes possible after AEG Live, the promoter of the O2 concerts, reached an US$60 million agreement with Columbia Pictures for over 100 hours of footage of Jackson preparing for his swan song.

“He was the architect of ‘This is it‘, and we were his builders…” said Kenny Ortega, Jackson’s collaborator on the project “…it was clear that he was on his way to another theatrical triumph.”

Sources

Australian cricketers Steve Smith, David Warner banned from 2018 Indian Premier League after ball tampering incident

Filed Under (Uncategorized) by on 31-07-2018

Saturday, March 31, 2018

On Wednesday, Board of Control for Cricket in India (BCCI) announced Australian cricketers David Warner and Steve Smith were banned from this year’s Indian Premier League (IPL) after the ball tampering incident in a Cape Town test match versus South Africa.

The ban imposed by the Committee of Administrators, appointed by the Indian Supreme Court, came a day after Cricket Australia (CA) announced Warner and Smith were banned from international as well as domestic cricket in Australia for a year for breaking Cricket Australia’s code of conduct — violating spirit of the game — per Article 2.3.5, and Cameron Bancroft received a similar ban from CA for nine months.

In a statement, BCCI said, “The BCCI hopes that the cricketers participating in the IPL hold the highest regard for the Spirit of Cricket and Code of Conduct for Players and Match Officials.” This dissolved AU$2.4 million contracts of the two. Smith and Warner had vacated their positions as Rajasthan Royals’ and Sunrisers Hyderabad’s captains earlier.

BCCI’s President CK Khanna, IPL Chairman Rajeev Shukla and BCCI Secretary Amitabh Choudhary were consulted by the Committee of Administrators for the ban.

Rajasthan Royals named Indian batsman Ajinkya Rahane as the new captain, while Sunrisers Hyderabad announced New Zealand’s Kane Williamson as the captain. Both the franchise are allowed to make replacements, BCCI had said in the statement. Warner was the highest run-scorer in last year’s IPL and won the 2016 edition of IPL with Hyderabad. This year’s IPL is to start on April 7.

Cameron Bancroft was banned for nine months for actually tampering with the match ball, instructed by David Warner. Bancroft later mislead the match officials when he was caught tampering with the ball. The sanctions by CA include Warner never to be considered for Australia’s captain for demonstrating and instructing a junior player how to tamper with the ball. Bancroft, and captain Steve Smith, who knew about the misconduct, but did not act to prevent it, as well as tried to cover up the matter, may be considered for the captaincy after two years.

Bancroft, who was seen rubbing the match ball with something, later identified as sandpaper, said, “I’m not proud of what’s happened and I have to live with the consequences and the damage to my own reputation that comes with”. Initially, when Bancroft was seen tampering with the ball, he lied to on-field match umpires Richard Illingworth and Nigel Llong that the instrument used was sticky tape, rather than sandpaper, and he was using it to apply granules to the ball.

Bancroft said, “I saw an opportunity to potentially use some tape and get some granules from the rough patches on the wicket and I guess try to change the ball condition […] It didn’t work. The umpires didn’t change the ball. Once I was sighted on the screen having done that I panicked quite a lot and that obviously resulted in me shoving [the tape] down my trousers.” Sandpaper is prohibited to be used with the match ball, however it is used to smooth the cricket bat.

Smith said the decision to change the ball was made during Day 3’s lunch break. Eventually, South Africa went on to win the match by 322 runs as they lead the series 2–1. For altering the ball conditions, the International Cricket Council (ICC) fined Bancroft 75% of the match wage. Bancroft violated ICC’s Article 2.2.9, “changing the condition of the ball”.

On Thursday, Warner posted a tweet apologising the cricket fans. He said, “Mistakes have been made which damaged cricket. I apologise for my part and take responsibility of it.” On social media, Steve Smith said, “I made a serious error of judgement and I now understand the consequences. It was a failure of my leadership. I will do everything I can to make up for my mistake and the damage it has caused”.

CA named Tim Paine as the captain on Tuesday. The three sanctioned were sent back to Australia on Wednesday. Glenn Maxwell, Joe Burns and Matthew Renshaw were called for the team as replacements. Bancroft, Smith and Warner can appeal the sanctions within one week. The sanctioning CA board consisted of former Australian Test players Mark Taylor and Michael Kasprowicz as well as Cricket Australia’s Chairman David Peever, Earl Eddings, Dr Bob Every, John Harnden, Tony Harrison, Jacquie Hey, and Michelle Tredenick.

Tips For Finding A Quality Hair Salon

Filed Under (Cosmetic Surgery) by on 31-07-2018

byAlma Abell

Do you know the trick to avoiding a bad haircut? The answer is visiting an experienced New York Hair Salon that goes the extra mile to ensure you feel comfortable. However, actually locating a great hair salon, may be a bit challenging. Some qualities that you should seek out when selecting a new hair care salon are highlighted here.

Cleanliness

While the salon floor is constantly being covered with cut hair, if you see any larger clumps of freshly cut hair in areas that were not recently used, then this is not a good sign. You should evaluate the various stations and see if they are free from clutter. You should also observe whether or not the styling products and tools appear to be new and clean. If you do notice any stains or glops of hair products on the counters, then you may be better off with a different location.

Pricing

Even though a great deal may be extremely appealing, a hair salon that offers extremely low prices may be due to the fact that they are unable to compete with the salons in the area in regards to service or skill. Additionally, you should keep in mind that excessively high prices does not really mean that you will get a higher quality service and the fact may be that the salon is just inflating their prices in order to mimic the appearance of high quality and prestige.

Location

If you find hair salons that are located in a mall, they are likely always extremely busy and often trafficked by passers-by and walk-ins that are in need of need a quick cut. As a result they may not be able to provide you with any attentive type of service that you are in need of. However, you should also beware of any salon that is located in shopping centers that are run down, or located next to convenience stores and payday loan offices. The fact is that rent in these areas is usually extremely low and the customers are not usually picky about the results they receive from the salon.

One of the best ways that you can determine if a salon is right for you is to visit it. This will allow you to get a first-hand feel for the place, helping you to make a more educated decision regarding the salon that you ultimately choose for maintenance and care for your tresses.

If you are looking for a quality New York Hair Salon, visit the Paul Labrecque website for more information.

European football: Santa Cruz to Rovers

Filed Under (Uncategorized) by on 30-07-2018

Saturday, July 28, 2007

Paraguayan footballer Roque Santa Cruz has left Bayern Munich for Blackburn Rovers. Roque Santa Cruz signed a four year deal. Roque Santa Cruz became expendable after major signings by Bayern Munich. Santa Cruz became 5th choice striker after Luca Toni, Miroslav Klose, Lucas Podolski and Jan Schlaudraff. Blackburn Rovers beat Manchester City, Porto and Espanyol for the signature of Roque Santa Cruz. The fee is reported to be around £3.4million.

Santa Cruz experienced an injury-plagued and trophy-laden eight-year career in Munich. Santa Cruz scored 31 goals in 155 league appearances and seven goals in 51 UEFA Champions League games for Bayern Munich. He won five German titles, four German Cups and one UEFA Champions League title with Bayern Munich.

Blackburn coach Mark Hughes was quoted as saying, “Santa Cruz is a young player, an international with a good reputation who is playing at a top European club.” and “The good thing from our point of view is that his fitness levels are fine as he has been playing in the Copa America.”

Bomb hits northwestern Pakistan; at least 30 killed

Filed Under (Uncategorized) by on 30-07-2018

Wednesday, November 11, 2009

A suicide car bomb attack in northwestern Pakistan has killed at least 30 people, including some children.

Investigators say the bomb exploded Tuesday on a busy street near a market in the city of Charsadda, 40 kilometers north of Peshawar. The blast wounded dozens of people and destroyed several buildings.

“The death toll has gone up to 32 and more than 100 people have been wounded in this suicide attack,” said Bashir Bilour, the Senior Minister of North West Frontier Province.

Hazrat Ali, a shopkeeper, was a witness to the event. He recounted his experiences to the Agence France-Presse news agency. “I was buying something before closing my shop. A car was parked on the other side of the road and all of a sudden there was a huge blast. There was smoke and darkness everywhere. I passed out.” Ali sustained shrapnel injuries to his forehead and torso.

This was the third bombing in the area in three days. On Monday, a suicide bomber in a rickshaw blew himself up at a checkpoint in Peshawar, killing three people. A suicide bomber killed thirteen people in a crowded market outside the city on Sunday.

Austrian police find dozens dead inside lorry

Filed Under (Uncategorized) by on 30-07-2018

Thursday, August 27, 2015

Austrian police today found an estimated 20–50 decomposing corpses in an apparently abandoned lorry.

Roadworkers who spotted the vehicle, which had been there since yesterday at least, alerted police. Responding officers found it full of corpses. The lorry is on the so-called “Eastern Motorway”, the A4, close to the Hungarian border. It was on the hard shoulder between Neusiedl and Parndorf, closer to Parndorf.

The victims are thought to have suffocated. Police are seeking the driver. The Krone published an image of a non-articulated food lorry on the hard shoulder, which they report is the vehicle in question. The photo shows a pool of dark liquid on the ground beside the vehicle.

Video from a passing motorist shows at least one helicopter on-scene. The truck, which has pictures of meat on the side, shows branding for Slovakian food firm Hyza. Earlier today the company’s website sported an apparent anti-immigration graphic, which has since been removed.

Wikinews got in touch with Hyza. “We are truly sorry about [the] tragedy” they told us in a statement. They said they have checked GPS trackers on their fleet and all their vehicles remain in Slovakia. The statement says the lorry in question was one of 21 Hyza vehicles sold on last year. It was then sold again and exported to Hungary, where it is now registered. Hyza told us the new owners have not changed the branding on the vehicle. According to the Bild newspaper, Agrofert — the parent company of Hyza — said in a statement the new owners were required to do so.

Hyza says they will “actively cooperate with Slovak police”, and “express [their] sincere condolences to the bereaved families.”

Interior Minister Johanna Mikl-Leitner called it “a dark day” and called for European Union-wide measures to protect immigrant refugees and tackle human traffickers. Neighbouring Hungary is constructing a border fence across its entire frontier with Serbia. Yesterday alone saw a record 3,241 attempts to enter Hungary illegally, according to authorities there.

Conflict in Syria and other parts of the world has led refugees to Europe. Once inside, they can move freely inside the Schengen Area, which covers most of the EU.

Austrian police earlier this week arrested three motorists suspected of people smuggling. One driver is accused of moving 34 people, ten of them children, into Austria from Serbia. The group were left by the roadside near Bruck an der Leitha and reported struggling to breathe in the van.

Questions raised over Mosquito device ahead of New South Wales trial

Filed Under (Uncategorized) by on 30-07-2018

Sunday, June 23, 2013

A device known as the Mosquito, set to be trialed in New South Wales (NSW), Australia by RailCorp in a bid to deter vandals from areas frequently the target of graffiti, is attracting criticism. Wikinews reached out to several people about the trials.

The units work by emitting a high-pitched buzz, similar to that of a mosquito, which is generally only audible to those under the age of about 24. The aim is to repel young people who become irritated by the noise, as a prevention method against graffiti, loitering, and other crimes like theft.

The initiative was announced last month, but RailCorp has not revealed when it intends to test the technology to crack down on graffiti.

In an interview with Wikinews, President of the NSW Council for Civil Liberties Cameron Murphy this week labeled the strategy “ridiculous”. “All they’re going to do is wear headphones and these [devices] will make no difference at all.”

Thousands of units have been set up in the UK since they first became available about seven years ago, where they’re used to stop youths gathering near public areas like shops and train stations. The technology has a high usage rate in the UK, and the Council of Europe has called for a ban on grounds it violates human rights, calling it “highly offensive”.

A RailCorp spokesperson confirmed to Wikinews the devices would only be situated on railway land away from public areas.

Mr Murphy maintains the NSW government’s policy is “based upon discrimination” and it assumes the youth affected by the noise are those doing graffiti, without solid evidence to prove this.

NSW Liberal MP Gareth Ward told Wikinews, “very few crime fighting techniques are fool-proof,” and as people have found ways to get around CCTV, they’re like to do the same with this, which is why it’s only being trialed at this stage. He acknowledged the devices will be situated in areas where the general public shouldn’t be hanging around. “There are certain areas in the network where trains may not be travelling at a particular time and that’s when those devices will be turned on […] and I think that’s perfectly reasonable.” He remarked, “any young person who feels they’ve been aggrieved […] should feel free to contact the Minster for Transport.”

A mobile phone message tone based on the same mosquito sound has been touted as teacher-proof because teens should be the only ones able to hear it if it goes off during class.

Introduction To Elliott Wave Analysis}

Filed Under (Electrical Services) by on 30-07-2018

Submitted by: Sylvain Vervoort

In my opinion, one of the only tools that can give you an idea as to which direction the stock price will move next is Elliott wave analysis. With short, medium, and long-term Elliott wave trend analysis, you can have a pretty good indication if price has a better chance of going up or going down in these different time periods. As an added bonus, an Elliott wave can give you some price targets too. I think that your Elliott wave count does not have to be perfect. Most probably you will have to review counts regularly. What is important, though, is that price makes a move in the expected up or down direction.

During an illness in the mid-1930s, Ralph Nelson Elliott discovered the correlation between human emotion and trend patterns contained within price charts. Elliott discovered different patterns that repeated themselves in form but not necessarily in size or length of time; these patterns could always be subdivided into smaller waves within the framework of certain rules. He called this phenomenon the wave principle.

There are two basic waves in the Elliott wave theory: a five-wave impulse pattern in the direction of the main trend and a three-wave correction pattern against the main trend. In a later stage, Elliott used Fibonacci numbers together with the waves to predict price targets. A trend signals the main direction in which prices are moving; corrections move either against the main trend or sideways. In Elliott wave terminology, these are called impulse waves and correction waves. The correction wave consists of three waves: A, B, and C.

Impulse waves are identified by numbers; correction waves are identified by letters. Impulse waves 1, 3, and 5 move in the direction of the trend and therefore, consist of another impulse wave of a lower degree. Impulse waves 2 and 4 move against the trend and are as such correction waves of a lower degree.

We know already that the up trending or down trending correction wave has three waves. Waves A and C point in the direction of the correction trend; wave B is moving against this direction. Waves A and C in a correction wave moving in the direction of the correction trend are therefore impulse waves, consisting of five waves. Note that waves 2 and 4 in an impulse wave are also correction waves.

[youtube]http://www.youtube.com/watch?v=cJmosLSUgQ8[/youtube]

Another possible correction pattern is a triangle correction. A triangle correction consists of five correction waves. IMPORTANT! A triangle correction is always part of an ABC correction wave.

Any impulse wave can be interpreted as a correction wave, but it is, of course, wrong to do this because the Elliot wave count will be completely wrong. Respecting all the rules is therefore utmost important.

An impulse wave and a correction wave together make a cycle. An example indication could be:

The biggest wave:[1] to [2] consist of 1 + 1 = 2 waves

The biggest subdivision: (1) to (C) consist of 5 + 3 = 8 waves

The next subdivision:1 to capital C consist of 21 + 13 = 34 waves

The following subdivision:Roman I to small c consist of 89 + 55 = 144 waves

This subdivision is not limited.

A typical up impulse wave [1] to [5], with an extension of a lower degree wave (1) to (5) in wave [3] can have for example another extension of a lower degree with waves 1 to 5. From the start of the main impulse wave [3] up, you could look for a long trade and stay in the trade based on the Elliott wave count until wave [5] is confirmed above the wave [3]. Nice profits can be obtained thanks to the fact that you stay in the trade based on the Elliott wave count.

With a top [5] confirmed, which is actually a new longer term wave 1 of a higher degree, you are expecting a correction wave 2 for this longer term up move. Most probably an ideal moment to start a short position while expecting a medium term ABC zigzag correction. This correction wave can also be a double zigzag correction with waves WXY, with lower degree ABC waves in the W and Y waves.

This is the end of my introduction to Elliott waves. Next article we will look at the basic impulse wave’s rules and price targets.

About the Author: Want to learn everything about technical analysis? You can find free articles at my website:

stocata.org/

. Sylvain Vervoort is a trader and the author of a new book Capturing Profit with Technical Analysis and a regular contributor to Stocks & Commodities magazine.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=450622&ca=Finances}

2008 COMPUTEX Taipei: Three awards, One target

Filed Under (Uncategorized) by on 30-07-2018

Monday, June 23, 2008

2008 COMPUTEX Taipei, the largest trade fair since its inception in 1982, featured several seminars and forums, expansions on show spaces to TWTC Nangang, great transformations for theme pavilions, and WiMAX Taipei Expo, mainly promoted by Taipei Computer Association (TCA). Besides of ICT industry, “design” progressively became the critical factor for the future of the other industries. To promote innovative “Made In Taiwan” products, pavilions from “Best Choice of COMPUTEX”, “Taiwan Excellence Awards”, and newly-set “Design and Innovation (d & i) Award of COMPUTEX”, demonstrated the power of Taiwan’s designs in 2008 COMPUTEX Taipei.

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