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GM and Chrysler receive Canadian loans amid US restructuring ultimata

Friday, April 3, 2009

General Motors (GM) and Chrysler will receive bridge loans from the government of Canada and the provincial government of Ontario, however no more will be forthcoming from either Canadian or US governments unless the companies can reinvent themselves.

“This is a regrettable but necessary step to protect the Canadian economy. We are doing this on the assumption that we obviously cannot afford either in the United States or Canada a catastrophic short-term collapse.” said Stephen Harper, Prime Minister of Canada.

“We cannot, we must not, and we will not let our auto industry simply vanish. This industry is, like no other, an emblem of the American spirit; a once and future symbol of America’s success,” said Barack Obama, President of the United States. “These companies – and this industry – must ultimately stand on their own, not as wards of the state.”File:Sinsheim quer.jpg

Chrysler will receive CA$1 billion and may in fact be eligible for as much as CA$4 billion. If Chrysler succeeds in the next 30 days with a restructuring plan it would be eligible for a US$6 billion loan. A part of Chrysler’s restructuring plan must include a partnership with Fiat within 30 days to appease the US administration. Fiat is a supplier of smaller fuel-efficient vehicles, and the merger will help Chrysler to be viable in the North American market. A Chrysler court bankruptcy would inevitably lead to it being sold off.

As a part of Chrysler’s restructuring plans, Tom LaSorda, the president of Chrysler announced that Canadian operations would fold if it does not receive both the US commitment of $2.3 billion of aid and a new Canadian Auto Workers CAW contract to reduce all-in costs by CA$19 per hour. As a result of this announcement Chrysler’s auto sales volume in Canada dropped 23% compared to March of 2008.

GM has until the end of May to restructure its company to receive up to CA$7.5 billion. As part of the companies restructuring, General Motor’s chief executive Rick Wagoner was replaced Sunday with Fritz Henderson, the current chief operating officer. Henderson spoke out on Tuesday that GM has submitted a restructuring plan which would close five plants, and this may be increased to meet the requirements for financial aid. He is in full compliance with Obama’s auto task force to seek bankruptcy if GM cannot negotiate with their unions, bondholders and others.

GM recently brought forward the “GM Total Confidence” program providing consumer purchase protection for customers who lose their job for economic reasons within the first two years from purchase. As a result of Chrysler’s restructuring announcement in Canada, GM’s Canadian vehicle sales volume fell only 17.3% compared to 2008, an increase from the previous month.

GM must reduce some of its legacy costs which include its pensions and union health care costs. A part of GM’s ailments arose from investing in supplying truck and SUVs during an economy of high gas prices when consumers were demanding fuel efficient vehicles.

Tony Clement, Canada’s Minister of Industry, is hoping that the CAW will support the restructuring process and re-negotiate their agreement. Whereas a United Auto Workers negotiator has said, “I don’t see how the UAW will do anything until they see what the bondholders will give up.”

The Obama administration is looking toward bankruptcy proceedings for the automakers, “as a mechanism to help them restructure quickly and emerge stronger. [It will] quickly clear away old debts that are weighing them down. What we are asking is difficult. It will require hard choices by companies. It will require unions and workers who have already made painful concessions to make even more. It will require creditors to recognise that they cannot hold out for the prospect of endless government bailouts.” said Obama.

The auto parts suppliers and IT software exporters in India have already been affected by the declining auto sales. GM and Chrysler software contracts provide US$300 to 350 million a year to vendors in India. As well these two major automakers usually award US$1 billion contracts to auto parts suppliers. “We are worried and closely watching the developments in the US to gauge the impact. The decline in auto sales in the US has already hit the order books of Indian suppliers,” said a Delhi auto parts supplier.

“Going forward, the industry will undoubtedly be smaller, but if our efforts are successful it will be viable and it will support good jobs for Canadians,” said Clements.

Betty Sutton, Ohio’s Congresswoman put forward the CARS act which provides a US$3,000 to 5,000 incentive for those who trade in their vehicle for a fuel-efficient car. “It clearly stimulates the economy, and it gets the consumer into the showroom and gets them buying again. But importantly — and this is what I particularly like about it — it really helps the environment quite a bit in two respects.” said William Clay Ford Jr., executive chairman of Ford Motor Co.

Ford Motor Company has not come forward with requests for assistance.

Since December GM and Chrysler have received US$17.4 billion government loans.

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Property Investment

Receive Educated Advice From Investment And Property Consultants Before You Invest

byadmin

Perhaps when looking into investing, it is just as important to know what to stay away from as it is to know what a good investment opportunity is. The key to any investment is to be knowledgeable about your area of investing. Some people vowed that only stocks and bonds were a realistic venture while other diversified into other investments such as real estate.

Next you probably want to know about some of the pitfalls that people fall into when they are working with Investment and Property Consultants. Only invest where you are comfortable. Obviously there will be a certain amount of risk involved but depending on your age, dependents and other factors, you may have a more conservative outlook. If you are in the time of your life where you can stand to risk more because you have time to make more later on, then it may be time take aggressive actions.

When you are looking for property investments don’t look for ones that do not produce a positive cash flow right away. If you do not have a positive cash flow the chances that you are in a luxury rental or beach side property are high. While these may be great second home alternatives, they are not necessarily right for the first time property investor. You want a property that generates a rental income.

Lastly, stay away from joint ventures also known as tenant in common transactions. Because the world of investments can be scary, some consultants would gather groups of people to pool together their money to buy a property. These were popular ventures in the early 2000’s but since have been thought of otherwise for conservative investors with a lot to lose.

Uncategorized

Culture of creativity features at Furnal Equinox 2018

Sunday, March 25, 2018

Visual art, fabric art, photography, performance, dance, virtual reality, and music were all the subject of sessions at Furnal Equinox 2018, a conference held from March 16 to 18 at Toronto’s Westin Harbour Castle. Canada’s largest furry convention by attendance, the annual event offers dozens of subculture-specific programs.

The convention’s communications and public relations coordinator for the event, Ronnie, describes furries as “people that enjoy arts and culture centred around animals and animal-themed topics, essentially. Furnal Equinox in particular, we like to celebrate in a very visual and very […] artistic nature, where we have lots of arts and performances and crafts that go on, and people celebrate with lots of socialisation involved.”

Of the attendees, Ronnie told Wikinews “they come from all walks of life. They are people of all ages, sizes, all sorts of backgrounds, and they come together under one mutual interest, which is their love for animal culture.”

“Programming at Furnal Equinox involves[…] a lot of informational panels, so you can find out about topics from art and how to draw, or how to visually incorporate different elements into your artworks. You can also find panels that teach you how to write better, be a better fiction author for example,” explained the event representative.

At one panel Wikinews attended, members of its all-volunteer organising committee spoke of the year-long process of planning the event, and their reasons for committing such a significant amount of their time. Said one panelist, “if you’re happy, we’re happy.”

The largest hub of activity at the convention was a dealer’s room; nicknamed the “Dealer’s Den”, giving it an anthropomorphic twist. Vendors were selling original visual art, wearables like faux fur tails or ears, or things like jewellery or soap with motifs that would interest attendees.

The back area of the room was dedicated to a charity auction, with proceeds benefiting Happily Ever Esther Farm Sanctuary. According to the convention website, the charity is “dedicated to rescuing abused, neglected, and abandoned farmed animals. Their goal is to provide a safe, life-long home for all of their residents, and to educate the public about the true nature of farmed animals through tours, volunteer programs, and community outreach.”

Split into groups, some attendees played “Fursuit Games” in front of an audience, like trying to toss a ball into a garbage can. The activity made harder, of course, by the limited dexterity and vision the most of the costumes entail.

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Oil spill hits Australia’s Sunshine coastline

Sunday, March 15, 2009

200,000 litres of oil leaked into waters off the coast of Brisbane from the Pacific Adventurer when their fuel tanks were damaged in rough seas on Wednesday. The figure is about ten times higher than the original estimate of twenty thousand litres of oil. The devastating diesel oil spill has spread along 60 kilometres (37 miles) of the Queensland coast. In addition, 31 containers with 620 tonnes of ammonium nitrate fertiliser flew overboard during the violent storm.

Questions are being asked why the Hong Kong cargo ship was out in seas with nine meter waves caused by Cyclone Hamish, a Category 5 tropical cyclone, as well as why the fertiliser containers were not properly secured. One of the overboard containers ruptured the hull of the Pacific Adventurer, causing between 30 to 100 tonnes of oil to spew from the severely damaged ship.

If the ammonium nitrate mixes with the heavy oil, an explosion could occur. None of the containers have been recovered. Some of these may float, but it is believed that they may have sunk which then may cause algal blooms.

Disaster zones have been declared at Bribie and Moreton Islands, and along the Sunshine coast.

The vessel’s owner, Swire Shipping, reported that a second leak began on Friday, when the ship began listing after docking at Hamilton for repairs. “As full soundings of the vessel’s tanks were being taken at the port to determine how much oil had leaked from the vessel, a small quantity of fuel oil escaped from the Pacific Adventurer,” it stated. The ship was brought upright, and a recovery vessel was used to suck up the oil from the water. The leak produced a 500m-long oil slick down the Brisbane River. Booms were placed around this oil spill so that a skimmer could clean up the second spill.

Swire Shipping could face clean up costs of AU$100,000 a day as well as fines up to AU$1.5million (US$977,000; £703,000) if found guilty of environmental breaches or negligence.

Sunshine Coast beaches are slowly starting to be reopened. The beach of Mooloolaba was still closed following reports of burning sensations from swimmers. 12 beaches remain closed; however, 13 have been reopened.

Over 300 state government and council workers are using buckets, rakes and spades in the clean up effort. Sunshine Coast Mayor Bob Abbott says the majority will be gone by Sunday afternoon. The full environmental impact on wildlife is not yet known. One turtle and seven pelicans have been found covered in oil.

There are concerns that the drinking water of Moreton Island is at risk, as the island uses water from the underground water table near the oil spill site.

“Every bucketload of contaminated sand has to be removed from the island by barge, and each bucketload from a front-end loader weighs about one tonne. It’s just an impossible task,” said Mr Trevor Hassard of the Tangalooma Dolphin Education Centre.

The commercial fishing industry has suffered from the incident. Trawlers won’t resume operations until Sunday evening, and any catches will be tested for human consumption.

Dentist

What Can You Expect When You Experience Wichita Dentists?

byAlma Abell

Going to the dentist does not have to leave you in dread. When you have the right dentist to meet your needs and you know what to expect from your visit, you can feel at ease. This will prepare you for your visit so you can Experience Wichita Dentists, making sure your oral health needs are taken care of.

What Happens When You Visit the Dentist?

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

Maybe it has been years since you’ve been to the dentist and now you are a little nervous, not knowing what to expect. Though you may have neglected the health of your teeth, there is no reason to continue. Seeing the dentist as soon as possible can help him or her to find any dental issues you may have and get them corrected so you do not continue to suffer with damages and risk tooth loss.

When you first visit the dentist, you will need to make sure you bring in your insurance information and you answer all of the health questions asked of you. This will give the dentist the information needed, to make sure your dental needs are provided for. Once all of your paperwork has been filled out, you will be called back to have your teeth cleaned.

Having your teeth cleaned is typically a relaxing time for most people. The hygienist will clean your teeth, floss them and give you a fluoride treatment, to make them strong. Once your teeth have been cleaned, you will have X-rays taken, so the dentist can get a better look at the structure of your teeth and find any hidden issues.

During the examination process, the dentist will examine your teeth and look at your X-rays. If any issues are found, your treatment options will be discussed and scheduled. By making sure you get these issues corrected and then see your dentist at least twice a year, you can help to keep your smile healthy.

If you would like to Experience Wichita Dentists, contact the dental office of Gilbert Omido and make an appointment, so you can have your teeth cared for. There is no better time to get your teeth in the best shape possible.

Uncategorized

New Internet addresses tested on World IPv6 Day

Wednesday, June 8, 2011

Online organisations around the world are today testing Internet Protocol Version 6 (IPv6) — a new system of Internet addresses hoped to resolve the issue of the present system being at capacity. World IPv6 Day is checking everything works as planned.

The current IPv4 standard was set up in the 1980s; it gives everything on the Internet a twelve-digit address and allows for 4.3 billion combinations. With these exhausted, IPv6 is designed to increase the limit 340 undecillion — that’s 340 trillion trillion trillion.

Major websites including services run by Google, Facebook, and Yahoo! are taking part in the test, switching their content to use the new system. Facebook predicts 99.97% of users to be unaffected and Google anticipates 99.5% will not encounter problems. The remainder may encounter slow page loading.

Fiji and Australia are among the first countries to have business-hours web traffic during the test. Internet Society of Australia President Tony Hill claims more than 100 global companies are involved.

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Saudi Arabia plans to open embassy in Finland

Saturday, October 20, 2007

It has been announced that Saudi Arabia is planning to open an official embassy in Finland, to signify continuing improvement in relations between the two countries.

Teemu Tanner, director general of Africa and the Middle East at the Ministry for Foreign Affairs of Finland, said to reporters concerning Finnish President Tarja Halonen’s first visit to Saudi Arabia on Sunday, “One indication of this visit is that you (Saudi Arabia) are planning to open an embassy here in Helsinki,” adding that “We regard this as extremely important for relations,” and that it is only a matter of time before the facility is made available.

Another act set to strengthen diplomatic relations is the planned visit of a trade delegation headed by Saudi Minister of Trade and Commerce Hashim Yamani, which will arrive in Finland next month.

“Our relationship is no longer in relation to trade,” said Tanner. “More broadly, we will discuss regional and global issues. It is extremely important for us to know Saudi Arabia’s views on Iraq, Iran, but also issues such as Somalia… One objective of the visit is to convey notes on international questions, as we enter a very interesting phase in the Middle East peace process,” adding that the presidential visit is a relational “landmark” that will “crystallize” Finland’s image to Saudi Arabia.

Despite the comment that the international cooperation is no longer entirely a trade issue, he did point out Saudi Arabia’s important role in the Finnish economy as one of the five largest importers of Finnish products. Finland’s main exports to Saudi Arabia are mobile phones, paper, wood and machinery, while Saudi Arabia exports large quantities of raw materials for use in manufacturing plastics. The total volume if this trade is estimated to be worth over €840 million.

Other topics on the table for the two nations to discuss during Halonen’s visit include energy, the role of science, environmental issues and combating terrorism, as well as other global issues. Tanner has also suggested tourism may be a future area of attention, with a possibility of package holidays for Finnish tourists being organized to Saudi Arabia.

Finland and Saudi Arabia have been officially involved in diplomatic relations since 1969. Finland has maintained an embassy in Saudi Arabia since 1974.

Furniture

How To Wrap A Sofa Bed For Moving And Storage With Moving Blankets

How to wrap a sofa-bed for moving and storage with moving blankets

by

JeffMorgan123

Wrapping a sofa bed for moving with moving blankets requires some skill and experience. Sofas, and especially sofa-beds, are bulky and heavy furniture. If you do not have experience, wrapping a sofa bed with moving blankets it is probably better left for professional household movers on the move day. On the other hand, a Quilted Sofa Cover can easily be used for moving a couch, and then reused to cover a sofa for long term storage, protection from dirt, dust, pet claws, fading from sun exposure, etc. Regular sofas normally do not present much of a challenge, because even though they are large – they are light-weight, but a large heavy sofa-bed might cause you trouble on the move day.

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

Before you attempt to move your sofa: Before wrapping a sofabed (“hide-a-bed” couch) for moving, make sure that the sofa can fit through the doors and can be safely moved out and brought into your new home. Try to remember if the sofa bed was moved in as one piece or if it was assembled inside. Was there any remodeling done, that might have narrowed the hallway? If you think that the sofa would not fit through the door, call the original store or sofa-bed manufacturer and see if they can come and disassemble it for you and then reassemble in the new place. This service might cost around $175.00 and it is well worth it. Bear in mind that the blanket wrap will add an inch or two to the dimensions of your sofa and this can make a big difference. Sometimes it is better to just move the sofa out as is and then wrap it in the moving truck. Most of the time experienced movers can maneuver the sofa-bed out by skillfully rotating it around the corners and carrying it through doorways just at the right angle. But that is not always the case and forcing the sofa through a tight spot is the recipe for moving damage, which can be done to the sofa itself or to the walls and doors of your home. Prepare sofa-bed for wrapping: So how to wrap the sofa bed correctly as professional movers do? First, inspect your sofa-bed. Some are constructed with solid padded sections under the fabric, in others the fabric is stretched over a hollow frame. NOTE: if the sofa-bed with hollow frame is incorrectly laid on its back on a moving dolly, the frame may crack under the weight of the sofa-bed. Also, if you load anything heavy on or against one of these hollow sections – the fabric might deform permanently and this will damage the sofa. Take cushions off the sofa. You want to make the sofa as light as possible, especially if you have to carry it up or down the stairs. Place the cushions in a wardrobe box or tie up together by a strap or rope facing each other. To avoid wrinkling of the “Skirt” of a couch – lift the skirting and rubber band it loosely against the fabric. (NOTE: very tight rubber band or tape can leave an impression or dent in naugahyde and velvet finishes.) Next, if this is a sofa bed – tie up the bed frame to the sofa frame. You can use any type of packing rope, moving strap, or make a tie up out of a packing tape. Cover sofa with moving blankets. Now it is time to start wrapping. It takes 4 moving blankets of regular size (72 x 80 inches) to cover a sofa bed. Move the sofa away from the wall so you can walk around it. Place the first blanket to cover the front down to the floor (allow enough to go under the bottom) and just to fold over the back. Place the second blanket to cover the back. Make sure to allow enough blanket to cover the bottom under the sofa and somewhat overlap over the front blanket. Now place one blanket on each side, making sure it covers the sides and the back and front corners and has enough to go under the bottom. These moving blankets would overlap the front and back blankets. At this point your sofa should be completely covered in blankets. To secure the moving blankets on the sofa you can use rubber bands or tape. NOTE: If you are wrapping sofa in the moving truck or it is possible to just roll it out on a moving dolly – rubber bands would suffice. But if you are planning to maneuver the sofa-bed through the doorway or move the couch down the stairs, you have to use packing tape. Rubber bands do not provide sufficient hold and blankets can slip off the sofa. Mover would have no “grip” on the sofa to carry it. Securing moving blankets on the Sofa. Start taping the blankets on sofa in the middle (vertical), somewhere half the total height of the sofa and then go along the seating area from side to side. Starting just under the armrests and going along the frame right under the seat from one side to the other. Make sure to tuck and fold loose corners of the blanket neatly around the corners of the sofa and catch them with tape, so they cover the sofa sides and corners properly and do not hang loose. This will hold all four blankets in position. Go around over the same layer of tape at least 4 -5 times. This will provide strong support for carrying the sofa. Next, roll the tape around the armrests to secure side blankets in place then, go along the back of sofa. At this point you should have the blankets secured the long way. Now stand the sofa up on its side and wrap across in at least three sections: right over the armrests, and in the middle. For very long sofas make two midsection bands to catch the edges of the side blankets. Fold the excess of the moving blankets over the bottom. (There is no need to cover the whole bottom, unless you want to, but it is important to cover the corners.) Remove the legs, if removable. If legs cannot be removed – wrap and tape the moving blanket around the legs of the sofa-bed. Flip the sofa and do the same for the other side. Now your sofa-bed is wrapped and ready to go. How to wrap a sofa bed using a sofa cover. If wrapping sofa bed with moving blankets sounds like a lot of work – get a quilted sofa cover. Quilted sofa covers are made out of the same premium quilted moving blanket material and have three tie ups at the bottom. The whole process becomes very simple: cover the sofa with a sofa cover, stand it up on its side, or lay on the back and tie the tie ups together. Tips: 1 – if you have a light colored upholstered sofa – place a plastic sofa cover first before wrapping with moving blankets. 2 – to make a tie out of a packing tape – unroll as much tape as you can with your arms stretched. Then fold it sticky surface in. Squeeze the tape so it sticks to itself – now you can tie up your sofa bed frame securely. 3 – if you have a leather sofa – use cardboard corners to protect the edges and corners of the sofa. 4 – Do not put sofa on blankets, put moving blankets on sofa! You might have seen recommendation to put blankets on the floor first and then put sofa on top of the blanket to wrap it. Doing it this way is very inefficient, labor intensive and time consuming. (Time is money, especially when you hire movers. And in this case what is good for mover is not necessarily good for you). This method requires additional floor space to lay down blankets, while the sofa is still occupying its own space. Then you need a helper to put the sofa on the blanket and to keep the falling ends of the blanket up when you try to tape them. And last, but not least the sofa bed legs (if not removed) will create holes and destroy the blanket when the sofa is pushed around in the moving truck. For detailed instructions on how to wrap a sofa bed for moving with moving blankets, or if you need to get moving supplies, go to http://www.moverssupplies.com. If Wrapping a sofa bed with moving blankets sounds like a lot of work – get a quilted sofa cover. Please send your comments to support@moverssupplies.com. http://www.MoversSupplies.com

For detailed instructions on how to wrap a sofa bed for moving with moving blankets, or if you need to get moving supplies, go to http://www.moverssupplies.com/FURNITURE-COVER-Custom-Covers/. If Wrapping sofa bed with moving blankets sounds like a lot of work – get about

quilted sofa cover

.

Please send your comments to support@moverssupplies.com. http://www.MoversSupplies.com Sofa Cover

Article Source:

ArticleRich.com

Uncategorized

American pitchman Billy Mays dies at age 50

Sunday, June 28, 2009

American pitchman and advertiser Billy Mays has died at the age of 50. Mays was probably most known for his pitching of the multipurpose cleaning product OxiClean.

According to reports, Mays’ wife, Deborah, found him unresponsive Sunday morning in their home located in Tampa, Florida. Fire-rescue crews pronounced him dead at 7:45am EDT. The cause of death was heart disease.

According to reports, he was a passenger on U.S. Airways Flight 1241, a flight to Tampa from Philadelphia, that suffered a tire blowout upon landing on Saturday night. He was quoted as saying objects from the overhead compartments hit him in the head, but he did not seek medical treatment. Nobody was reported injured in the incident. Deborah said he did not feel well when he went to bed at around 10:00pm EDT the previous night.

An autopsy is expected to be completed by Monday afternoon.

“Although Billy lived a public life, we don’t anticipate making any public statements over the next couple of days. Our family asks that you respect our privacy during these difficult times,” said Deborah Mays in a statement to the press.

Mays recently began co-starring in a television show on the Discovery Channel called Pitchmen. Mays, along with English advertiser Anthony Sullivan starred in the show where they would ‘pitch’ several products. By the end of the show, two inventors would be selected and be given a chance at selling their product “en masse”.

Mays also pitched sales for several other products including furniture polish Orange Glo, Mighty Putty, the Gopher, Zorbeez, and the cleaning product Kaboom!.

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New Zealand study finds correlation between church attendance and adolescent obesity

Wednesday, December 4, 2013

A study published this month in Journal of Primary Health Care by researchers at the School of Population Health, University of Auckland found a correlation between adolescent obesity amongst Pacific Islanders (PI) living in New Zealand and church attendance. The results were based on interviews with 2,495 Auckland teenagers attending six different secondary schools, questionnaires given to students, and anthropometric measurements such as body mass index.

While the percentage of non-churchgoing overweight — as opposed to normal or obese — adolescents was the same as churchgoing for Samoans and Cook Island Maori, 1% higher for “other PI” and 7% higher for Tongans, the rate of obese churchgoing adolescents was higher across all groups. Samoan churchgoing teens had an obese percentage of 38% compared to 35% for their non-churchgoing peers. For Cook Island Maori, it was 29% compared to 23%; for Tongans, 37% to 29%; for other PI, 31% to 29%.

The study sought to examine different factors between churchgoing and non-churchgoing populations, finding that Samoan and Tongan churchgoers were more likely than non-churchgoers to have watched four or more hours of television or DVDs on the previous Saturday night. On the last Sunday night, non-churchgoers were more likely to have watched four or more hours across all groups, but the total percentages for churchgoers increased compared to Saturday; particularly, while only 13% of Cook Island Maori and other PI watched four or more hours on Saturday, 30% watched four or more hours on Sunday.

Researchers also found that across all PI groups, non-churchgoing teens were more likely to have less than one serving of fruit a day and were a bit more likely to not eat lunch. With the exception of other PI, non-churchgoing teens were also more likely to rarely eat pies, fast food, and fried food compared to their churchgoing peers. Samoan churchgoers were also statistically more likely to consume soft drinks than their non-churchgoing peers.

The work by Ofa A. Dewes, Robert Scragg, and C. Raina Elley built on existing research regarding obesity in PI communities, and other global studies that have found higher rates of obesity in churchgoing populations. They claim their research in this area is important because as an ethnic group, PI had the highest rates of childhood and adult obesity.