Monday, June 1, 2009

United States automobile manufacturing firm General Motors filed for bankruptcy and Chapter 11 protection from its creditors at 12:00 UTC Monday, in a Manhattan, New York federal bankruptcy court. This was the largest bankruptcy filing for a U.S. manufacturing company, and with declared assets of $82.29 billion and a debt of $172.81 billion, and the fourth largest bankruptcy filing in recent U.S. history — after the bankruptcies of {{w|Lehman Brothers|| ($691.06 billion), Washington Mutual ($327.91 billion), and WorldCom ($103.91 billion).

The filing, expected to be the first of many, was for a New York GM affiliate, Chevrolet-Saturn of Harlem Incorporated. Numbered 09-50026, it named GM as a debtor in possession, and was filed before judge Robert Gerber.

GM is to be represented throughout the filing process by Weil Gotshal & Manges, a New York law firm specializing in bankruptcy.

The chief restructuring officer, named in the filing, is to be Al Koch, a managing director at AlixPartners LLP in New York, who will report directly to Fritz Henderson, the Chief Executive Officer of General Motors.

In its bankruptcy petition, GM listed its primary creditors as:

Name Amount owed (USD millions)
Wilmington Trust 22,000
United Auto Workers union (UAW) 20,560
Deutsche Bank 4,440

The amount owed to UAW excludes “approximately $9.4 billion corresponding to the GM Internal VEBA”. USD22,760 millions are owed to bondholders.

Analysts have observed that the effect of the bankruptcy filing on the U.S. economy is not expected to be as major as it once would have been. One such voice, Mark Zandy, an economist at Moody’s Economy.com, commented that “Bankruptcy now is irrelevant in terms of the economic consequence of what’s happening to GM.” Such analysts believe that the economic impact of GM’s problems has already been felt, with its effects on parts suppliers and employment. They also believe that GM’s programme of accelerated payments, and its participation in a U.S. Treasury program to ensure prompt payments to parts manufacturers, will have cushioned the effect of the bankruptcy itself.

Speaking on Bloomberg Radio, David Cole, chairman of the Center for Automotive Research in Ann Arbor, stated that the fragility of the parts suppliers, the loss of whom would threaten the entire automobile manufacturing industry, was of more immediate concern than the GM bankruptcy.

Also filing for chapter 11 protection today were Saturn LLC and Saturn Distribution Corporation, subsidiary companies of General Motors.

As a consequence of the bankruptcy, General Motors Corporation (GM.N) was removed from the Dow Jones Industrial Average, and was replaced by Cisco Systems (CSCO.O), these changes scheduled by Dow Jones & Company to take effect from the opening of trading on June 8.

Retrieved from “https://en.wikinews.org/w/index.php?title=U.S._manufacturer_General_Motors_seeks_bankruptcy_protection&oldid=4455642”

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????. He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

Retrieved from “https://en.wikinews.org/w/index.php?title=Iranian_International_Master_Dorsa_Derakhshani_discusses_her_chess_career_with_Wikinews&oldid=4583918”

Friday, March 18, 2011

At 9:00 p.m. PDT Monday (0400 UTC Tuesday), Microsoft rolled out the first stable Internet Explorer 9 (IE9) release, available in 39 languages, for Windows Vista and Windows 7. Internet Explorer is the most used web browser, responsible for 56% of webpage hits. The new version adds support for new technologies with relation to the HTML5 specification and several feature changes. The browser was released as a beta with a campaign promoting the benefits of HTML5.

It includes support for SVG and the HTML5 canvas, audio, and video tags. It has a failing Acid3 score of 95/100, below Mozilla Firefox 4.0’s 97/100, rating and the 100/100 in Google Chrome 10. The program is the first of its series not to run on Microsoft Windows XP. It includes a redesigned layout of the address bar and the ability to pin sites to the taskbar on Windows 7, along with several minor improvements.

The browser received mixed reviews. “IE9 as a Consumer Browser — Not Worth It,” Jason Mick, DailyTech, concluded. A study by Which? on Tuesday showed that IE9’s Tracking Protection Lists, an optional anti-tracking feature, may mislead users. “We’re disappointed with the way these lists work, and feel consumers who install multiple lists could be left with a false sense of security.” Dr. Rob Reid, Which? Policy senior advisor, said.

In a more positive review, a PC Magazine reviewer said that the positives of the new browser outweighed the negatives, and it is “a major improvement over its predecessor.”

The announcement comes after the company launched a campaign to get Internet Explorer 6 usage down to 1%. Microsoft delayed the Japanese release “to reduce load on network bandwidth at such a critical time” with reference to the earthquake and tsunami in Japan this past Friday.

Retrieved from “https://en.wikinews.org/w/index.php?title=Microsoft_releases_Internet_Explorer_9_browser&oldid=1201229”
This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_2020_Melbourne_Lord_Mayor_Candidate_Wayne_Tseng&oldid=4598699”

Rhinoplasty Los Angeles Nasal Surgery at its Best

by

plasticsurgeryLA

There are various reasons why people opt to go for a nose job. Some of the reasons are having a deformed nose by birth, a deformed nose by a major accident, someone not liking the shape of their nose, people having too wide nose, people having too long nose, to enhance the bridge of nose etc.

With so many reasons, a large group of people not only in United States but across the globe, find Los Angeles as an ideal destination to undergo Rhinoplasty Los Angeles and the main reason behind that is the fame that LA has received in regards to having best doctors in the world performing various types of plastic surgeries here. Due to the big demand from people needing plastic surgeries on various parts of their bodies, lots of cosmetic surgeons across the United States have relocated themselves to Los Angeles to find good clients with big budgets to undergo plastic surgery. The earning potential for doctors here in Los Angeles is enormous since there is a large group of high class people here related to glamour and fashion world where the need to look good is given more priority.

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

Rhinoplasty Los Angeles is a surgery that needs a surgeon to possess special skills to perform this surgery and hence there are several Rhinoplasty specialists available here in Los Angeles. The main factor to consider is the cost of this procedure. Since this is something that is considered a luxury need, it is really expensive to undergo this procedure and hence lots of financial institutions in Los Angeles offer finance facilities to people with low budgets who want to undergo Rhinoplasty Los Angeles.

Another thing to consider is choosing the right surgeon for your Rhinoplasty needs. Since it is one of the most important decision related to your surgery that would decide what kind of results you would achieve post your surgery. A detailed research online and a word of advice from friends and relatives could certainly help enormously to spot the right cosmetic surgeon here. It is also a very good idea to ask the doctor a few questions on their expertise and references from patients who are already operated by them just to be sure that you are making a right choice.

Rhinoplasty Los Angeles can really do wonders and restructure your nose giving it the fabulous look you ever dreamt of. However if you are looking forward to find the right surgeon for your needs, we would highly recommend you to consult Dr. Jay Calvert in Los Angeles who is very highly qualified and experienced board certified surgeon and has performed various surgeries with optimum results. More information on his services and expertise can be obtained from his website which is http://www.jaycalvertmd.com

Los Angeles Plastic Surgeon , Dr Jay Calvert MD is a board certified plastic surgeon offering

Los Angeles Plastic Surgery

procedures.For more information on Los Angeles Plastic Surgery Procedures , Please visit http://www.JayCalvertMD.com or Call – 1-888-425-8296

Article Source:

ArticleRich.com

Thursday, December 18, 2008

A team of eight transplant surgeons in Cleveland Clinic in Ohio, USA, led by reconstructive surgeon Dr. Maria Siemionow, age 58, have successfully performed the first almost total face transplant in the US, and the fourth globally, on a woman so horribly disfigured due to trauma, that cost her an eye. Two weeks ago Dr. Siemionow, in a 23-hour marathon surgery, replaced 80 percent of her face, by transplanting or grafting bone, nerve, blood vessels, muscles and skin harvested from a female donor’s cadaver.

The Clinic surgeons, in Wednesday’s news conference, described the details of the transplant but upon request, the team did not publish her name, age and cause of injury nor the donor’s identity. The patient’s family desired the reason for her transplant to remain confidential. The Los Angeles Times reported that the patient “had no upper jaw, nose, cheeks or lower eyelids and was unable to eat, talk, smile, smell or breathe on her own.” The clinic’s dermatology and plastic surgery chair, Francis Papay, described the nine hours phase of the procedure: “We transferred the skin, all the facial muscles in the upper face and mid-face, the upper lip, all of the nose, most of the sinuses around the nose, the upper jaw including the teeth, the facial nerve.” Thereafter, another team spent three hours sewing the woman’s blood vessels to that of the donor’s face to restore blood circulation, making the graft a success.

The New York Times reported that “three partial face transplants have been performed since 2005, two in France and one in China, all using facial tissue from a dead donor with permission from their families.” “Only the forehead, upper eyelids, lower lip, lower teeth and jaw are hers, the rest of her face comes from a cadaver; she could not eat on her own or breathe without a hole in her windpipe. About 77 square inches of tissue were transplanted from the donor,” it further described the details of the medical marvel. The patient, however, must take lifetime immunosuppressive drugs, also called antirejection drugs, which do not guarantee success. The transplant team said that in case of failure, it would replace the part with a skin graft taken from her own body.

Dr. Bohdan Pomahac, a Brigham and Women’s Hospital surgeon praised the recent medical development. “There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Leading bioethicist Arthur Caplan of the University of Pennsylvania withheld judgment on the Cleveland transplant amid grave concerns on the post-operation results. “The biggest ethical problem is dealing with failure — if your face rejects. It would be a living hell. If your face is falling off and you can’t eat and you can’t breathe and you’re suffering in a terrible manner that can’t be reversed, you need to put on the table assistance in dying. There are patients who can benefit tremendously from this. It’s great that it happened,” he said.

Dr Alex Clarke, of the Royal Free Hospital had praised the Clinic for its contribution to medicine. “It is a real step forward for people who have severe disfigurement and this operation has been done by a team who have really prepared and worked towards this for a number of years. These transplants have proven that the technical difficulties can be overcome and psychologically the patients are doing well. They have all have reacted positively and have begun to do things they were not able to before. All the things people thought were barriers to this kind of operations have been overcome,” she said.

The first partial face transplant surgery on a living human was performed on Isabelle Dinoire on November 27 2005, when she was 38, by Professor Bernard Devauchelle, assisted by Professor Jean-Michel Dubernard in Amiens, France. Her Labrador dog mauled her in May 2005. A triangle of face tissue including the nose and mouth was taken from a brain-dead female donor and grafted onto the patient. Scientists elsewhere have performed scalp and ear transplants. However, the claim is the first for a mouth and nose transplant. Experts say the mouth and nose are the most difficult parts of the face to transplant.

In 2004, the same Cleveland Clinic, became the first institution to approve this surgery and test it on cadavers. In October 2006, surgeon Peter Butler at London‘s Royal Free Hospital in the UK was given permission by the NHS ethics board to carry out a full face transplant. His team will select four adult patients (children cannot be selected due to concerns over consent), with operations being carried out at six month intervals. In March 2008, the treatment of 30-year-old neurofibromatosis victim Pascal Coler of France ended after having received what his doctors call the worlds first successful full face transplant.

Ethical concerns, psychological impact, problems relating to immunosuppression and consequences of technical failure have prevented teams from performing face transplant operations in the past, even though it has been technically possible to carry out such procedures for years.

Mr Iain Hutchison, of Barts and the London Hospital, warned of several problems with face transplants, such as blood vessels in the donated tissue clotting and immunosuppressants failing or increasing the patient’s risk of cancer. He also pointed out ethical issues with the fact that the procedure requires a “beating heart donor”. The transplant is carried out while the donor is brain dead, but still alive by use of a ventilator.

According to Stephen Wigmore, chair of British Transplantation Society’s ethics committee, it is unknown to what extent facial expressions will function in the long term. He said that it is not certain whether a patient could be left worse off in the case of a face transplant failing.

Mr Michael Earley, a member of the Royal College of Surgeon‘s facial transplantation working party, commented that if successful, the transplant would be “a major breakthrough in facial reconstruction” and “a major step forward for the facially disfigured.”

In Wednesday’s conference, Siemionow said “we know that there are so many patients there in their homes where they are hiding from society because they are afraid to walk to the grocery stores, they are afraid to go the the street.” “Our patient was called names and was humiliated. We very much hope that for this very special group of patients there is a hope that someday they will be able to go comfortably from their houses and enjoy the things we take for granted,” she added.

In response to the medical breakthrough, a British medical group led by Royal Free Hospital’s lead surgeon Dr Peter Butler, said they will finish the world’s first full face transplant within a year. “We hope to make an announcement about a full-face operation in the next 12 months. This latest operation shows how facial transplantation can help a particular group of the most severely facially injured people. These are people who would otherwise live a terrible twilight life, shut away from public gaze,” he said.

Retrieved from “https://en.wikinews.org/w/index.php?title=Cleveland,_Ohio_clinic_performs_US%27s_first_face_transplant&oldid=4528710”

December 25, 2004

Officials in Mumbai, India, demolished over 6,000 shanties today in a push to eradicate the capital city’s slums. In total, 39,000 shanties have been flattened, displacing over 200,000 people, in the city’s biggest-ever demolition drive, which began in early December.

When complete, over 2 million people are expected to be displaced. After wiping out the least desirable shanties, next in line for demolition are the illegal ‘well-off’ shanties and neighborhoods, according to the legal and bureaucratic motions that have been executed toward cleaning up Mumbai’s appearance by lowering the dominance of shanties, which make up 62 percent of Mumbai’s housing.

“As far as eye can see, there are mounds of wood, tin and tarpaulin, the remains of 6,200 illegal homes, flattened by a heavy excavator running on tank-like tracks and giant motorised claws,” the Indian Express reported about today’s destruction. [1]

Chief Minister Vilasrao Deshmukh said that citizens would see a change within six months. “Every chief minister likes to be remembered, and I’m no exception,” said Deshmukh, who despite having an empty exchequer, also announced that Rs 31,000 crore will be spent on new roads, sea links and rail lines. [2]

Retrieved from “https://en.wikinews.org/w/index.php?title=Mumbai_officials_demolish_39K_shanties;_200K_homeless&oldid=935199”

Monday, March 19, 2012Hawker, Canberra — Coming off a national championship win for the Australian Capital Territory (ACT) men’s open team in mid-February, Australia men’s national softball team representatives Nick Norton and Adam Folkard are getting ready for more softball later this year, including the Australian club championships to be held in Brisbane in June.

Folkard and Norton have both won the World Championships and have each won a total of ten national championships with the ACT side. They are both named to the current men’s national team, which has roughly thirty players, and believe they are likely to survive the December cut down to eighteen players who will represent Australia at next year’s World Championship in Auckland, New Zealand.

The World Championship is one of the two most prestigious available to male softball players. The other is the International Softball Congress, an event Folkard and Norton have both competed at.

As national team representatives, there are a lot of expectations for them. In Australia, there is almost no financial support for the men’s game so they must cover most of their own costs, including travel to and from international competitions. According to Folkard’s father, these costs can be prohibitive. In one year, when Folkard was a representative on the men’s U18, U23 and Open team, it cost A$15,000 for travel and other expenses just for Folkard. When costs for bringing family members such as Folkard’s sisters to major international tournaments, the costs were even higher. Folkard, his father and Norton all joked this cost his father an investment property to allow Folkard to continue to compete at the highest level. Both Folkard and Norton currently work as tradesmen to support softball playing.

Beyond money, the national team requires players to be actively involved in wider softball community. Players must represent a club at the club championships in Brisbane if they want to retain a spot in the squad. Folkard plays for a Western Australian club and Norton plays for a Sydney based club, driving down from Canberra to play every Sunday during the season.

Folkard and Norton have both played softball at the highest level in the United States, where the men’s game is not yet fully professionalized but still presents more opportunities for players than are available at home. For several years, Folkard has gone to the United States for three-month stints, playing for teams in Chicago, Pennsylvania, and New York. One side he played was sponsored by Ernst and Young. Folkard currently plays for a Canadian side and has been trying to convince Norton, whom he has grown up playing softball with, to join him like Norton has done one previous season. According to Folkard, playing with a North American club has certain advantages. The clubs pay for his travel to and from Australia, and pay for Championship rings. When asked how North American clubs sign Australian players, he said they follow men’s softball in Australia and call up players to offer contracts. Australian men’s players gain additional exposure to potential clubs when they compete, with some sides approaching them during the North American season and seeking to contract them for the following season.

Both men would love the opportunity to play softball in the Olympics, but believe such an opportunity is unlikely. According to them, softball at the Olympics is a women’s game intrinsically linked to men’s baseball, and men’s softball is unlikely to ever be considered on the programme as a result.

Folkard and Norton both play for the same club in the ACT territory club competition. Their team has secured a grand final berth for the match in ten days. They are waiting to find out who they will play against based on a match this weekend. Both have previously won this competition.

Retrieved from “https://en.wikinews.org/w/index.php?title=Adam_Folkard_and_Nick_Norton_ready_for_more_men%27s_softball&oldid=4520243”

Why Is The Pathway To Mortgage Approval Tightening?

by

Frank Collins

The mortgage credit tightening has affect lots of people nationwide. Many people last year decided to finally build their dream home when they were approved for construction financing. Once the credit guidelines tightened by lenders, many lenders who approved loans last year have backed out of their decision leaving the borrower with tough options. The tightening credit market is not just a problem for newbie buyers with bad credit. It is also affecting people who have great credit, reserves and stable employment.

[youtube]http://www.youtube.com/watch?v=VBXJwnk60Uw[/youtube]

For some who did not begin construction, they are lucky. Others who have almost completed their homes are left with a large loan that is coming due while a large portion of lenders will not touch it as a construction to permanent loan. The effect to the homeowner is a major strain on their finances to say the least. The lucky ones do not borrow, the home builder has less of a work log, and the mortgage lender has less business. It is a snowballing effect though. It hurts employment for the sub-contractors, building supply stores, basically the whole industry. A good reason for the banks decision is since the housing industry is in a down market they cannot take on any more risk. Mortgage lending continues to become constricting as financial institutions tighten their guidelines monthly, and sometimes even weekly. Some mortgage brokers who offer much more programs than a bank see their wholesale lenders falling each month. Nowadays submitting a loan is like going into a war zone. The underwriters are always on the attack by searching for areas on the loan application that are unstable. They do not want to find a time bomb since they were burned in the recent past. The typical bank cannot do these loans anymore but solutions are available. There are still a small percentage of companies which can do these mortgages for borrowers at competitive interest rates. Most of the credit crunch’s affect has occurred in the condo, second home and investment property areas. Buyers are still able to get conventional mortgage by putting five percent down, if the borrower has a credit score above 680. Moreover, one-hundred percent financing is still available through the VA or rural programs. The rural program may sound misleading but there are many suburban areas with populations of less than 25,000 that qualify. An FHA mortgage only requires three to five-percent down and they allow refinancing up to 95% percent. With the governments rescue plan it is expected that guidelines will be hopefully loosened by early next year. So, it should just be a tough period until next year for homeowners and borrowers who do not fit into certain programs. However, check to see if you qualify for an FHA loan or rural program by contacting a mortgage lender or broker.

Frank Collins is an avid investor in real estate and contributor to

Jumbo Home Mortgage

and

a website to Find Low Mortgage Rates

from trusted lenders in your area.

Article Source:

ArticleRich.com

Friday, April 23, 2010

Greece has formally asked for rescue loans by the European Union and International Monetary Fund (IMF) to be activated, aimed at helping the country recover from an economic crisis.

Under the plan, countries in the Eurozone will provide up to 30 billion euros in loans in the first year, while the IMF will contribute ten billion euros.

“The moment has come,” said Greek prime minister George Papandreou. He stated that it is “a national and pressing necessity for us to formally ask our partners for the activation of the support mechanism, which we jointly created in the European Union.” The prime minister added that “several days will pass before money can start being drawn.”

Under the bailout, Greece’s borrowing needs for the immediate future will be covered, so it can avoid default and keep servicing; the request needs to be approved by all fifteen countries using the euro, and will be reviewed by the European Central Bank.

Retrieved from “https://en.wikinews.org/w/index.php?title=Greece_formally_asks_for_EU-IMF_loans&oldid=4605014”