Obama to ask for special BP claims fund over oil spill


Monday, June 14, 2010

US President Barack Obama, in response to criticism over his handling of the ongoing Gulf of Mexico oil spill, has asked the oil company BP to create a special fund with “substantial” amounts of money to pay claimants over the disaster.

Obama is to make his fourth visit to the Gulf Coast tomorrow, and on Tuesday is scheduled to make a speech about efforts to address the spill.

In a television interview earlier today, the president’s senior strategist David Axelrod commented that “[w]e want to make sure that money is escrowed for the legitimate claims that are going to be, and are being made, by businesses down in the Gulf and we want to make sure that that money is independently administered so that [BP] won’t be slow-walked on these claims,” he added.

The oil spill has poured at least a million barrels of oil into the Gulf since the Deepwater Horizon oil rig blew up on April 20. The oil has now reached the shores of the southern US, and affected many fishermen, oil workers, and business operators in the area.

Senior officials from the Gulf states of Florida and Louisiana both want the oil company to put $7.5 billion into the proposed fund. Officials from neighbouring states also affected by the spill, such as Texas, Alabama, and Mississippi, haven’t yet announced how much they want put into the fund.

BP’s board of directors, meanwhile, is to hold an emergency meeting tomorrow to talk about compensation to those affected. Some economic analysts have suggested that cleanup costs and compensations could drive the company into bankruptcy, although BP commented yesterday that it was “not in discussions with” and had “not engaged any bankruptcy experts”. According to the Los Angeles Times, as of March 31, BP had the equivalent of $6.8 billion in cash available on hand.

Ontario Votes 2007: Interview with Communist Party candidate Shona Bracken, Toronto Danforth


Sunday, October 7, 2007

Shona Bracken is running for the Communist Party in the Ontario provincial election in Toronto—Danforth. Wikinews interviewed her regarding her values, her experience, and her campaign.

40 million credit cards compromised


Saturday, June 18, 2005

MasterCard International announced Friday that multiple instances of fraud have been tracked back to CardSystems Solutions, Inc., a company that processes credit card transactions and other payments. Customer names, banks, and account numbers of up to 40 million cardholders have been exposed, of which about 13.9 million are MasterCard-branded cards, the company said. Visa and American Express cards were also affected.

“The breach appears to be the largest yet involving financial data,” said David Sobel, of the Electronic Privacy Information Center.

CardSystems issued a statement late on Friday that said it learned of the potential breach 26 days ago, but that the FBI told the company not to advise the cardholders nor the public at large. CardSystems also said their statement had been vetted by the FBI.

A spokesperson for the FBI said that the agency had asked CardSystems not to disclose information that could compromise the investigation, but that it had not asked CardSystems to fail to disclose the breach at all.

Michael A. Brady, C.F.O. of CardSystems, told the Associated Press that “we’re absolutely blindsided by a press release by the association,” when speaking of MasterCard’s release. A MasterCard spokesperson said that the company was obligated to inform its customers of the breach.

MasterCard spokesperson Sharon Gamsin said that CardSystems was hit by a virus-like computer script that stole customer data for the purpose of fraud. She said MasterCard does not know how the script got into the CardSystem network.

Sobel said this theft “indicates that this is a shadowy industry where the consumer never really knows who is going to be handling and using their personal information. Presumably, the affected consumers thought they were dealing with MasterCard.” Having a third-party process credit card transactions is common practice in the industry.

Air Conditioning Services – Help Is At Hand!


byadmin

Air conditioners are a life saver when t he hottest months of the year come around. It can be a real threat if your air conditioner is not working properly during these hot summer months. It always seems to be a good idea to keep the air conditioner functioning, however, it does not happen that way, does it? Well, there is nothing to worry about even if it is not working because you can always call an HVAC repair company that provides air conditioning services. These companies have experienced and efficient technicians who are qualified to service, repair, and install any kind of air conditioner you want.

The technicians from these companies will visit your home, office, shop or factory and provide thorough, professional air conditioning services and make it work like before. Air conditioning machines have complex systems and thus they may breakdown after years of functioning. In this way you can keep the contact details of your nearest provider of air conditioning services handy in case you need it in an emergency.

One of the best ways to avoid emergencies such as breakdowns is by getting preventive maintenance packages from the HVAC company. These companies provide maintenance packages for your air conditioner on regular intervals. They have separate plans for homes and commercial places and thus you can choose according to your requirement. The preventive maintenance includes routine services like the cleaning of filters, tune-ups, checking the electrical parts, cooling tips, and others. The preventive maintenance services may vary from one company to another.

If you are planning to get one of these preventive maintenance services then you may search for the best air conditioning services around. The air conditioning services offered by the HVAC companies also involve installing new machines. If you have bought a new air conditioner and do not know how to fix it, then the best thing would be to call professionals for help. This will save your time, energy, and give you a professionally executed installation service.

Proper maintenance of your air conditioner will give high efficiency and you can save hugely on your electricity bill. If you are not really comfortable with the complex maintenance yourself then you should contact an HVAC company for technical and professional air conditioning services. One of the best things about these companies is that they work around the clock and provide emergency services at your doorstep no matter what time of the day it is!

Roberts Heating and Air Conditioning Services can provide the air conditioning services you are looking for. Get affordably priced services when you visit them online at Robertsheating.com. Click here for more details.

For more updates follow us on Google+.

Canada’s Scarborough East (Ward 44) city council candidates speak


This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Scarborough East (Ward 44). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Donald Blair, Diana Hall, Mohammed Mirza, Ron Moeser, Kevin Richardson, Richard Rieger, Richard Ross, and Kevin Wellington.

For more information on the election, read Toronto municipal election, 2006.

News briefs:July 14, 2010


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Late-night vote sets Obamacare up for filibuster-free repeal


Saturday, January 14, 2017

At 1:30 a.m. on Thursday morning the United States Senate voted to include the repeal of the Affordable Care Act, better known as Obamacare, as part of a budget blueprint. This procedural measure allows most of Obamacare to be repealed by a simple majority rather than the usual requirement of 60 out of the senate’s 100 votes and effectively prevents the use of filibuster.

“We’re working with legislative leaders at this very moment to begin to craft legislation that will repeal the most corrosive elements of Obamacare — the individual mandate, the taxes, the penalties — but at the same time, moving separate legislation that will allow us to introduce the kind of reforms in American health care that’ll lower the cost of health insurance without growing the size of government,” said Vice President-elect Mike Pence.

Democratic Senator Maria Cantwell of Washington had a different view, going so far as to call this “stealing health care from Americans.”

The filibuster is a last-ditch tactic in which parties opposed to a certain motion refuse to relinquish the floor until their opponents give in or compromise.

Although the 51-48 vote was mostly along party lines, some Republicans have expressed uncertainty about repealing Obamacare before a replacement system is worked out. Although president-elect Donald Trump has called for a “repeal and replace” plan, saying that a new health care system would be enacted “almost simultaneously,” many in government and the press have expressed doubts about whether this would actually happen.

Senator Susan Collins of Maine said she would like to at least see a well-constructed plan before voting and Senator Johnny Isakson of Georgia said repealing Obamacare without replacing it was “unacceptable.” These concerns were shared by members of the House of Representatives. “We need to be voting for a replacement plan at the same time that we vote for repeal,” added Representative Mark Meadows of North Carolina. Representative Tom MacArthur of New Jersey agreed, saying, “We’re loading a gun here. I want to know where it’s pointed before we start the process.”

Anna Merlan of Jezebel and Anthony Taylor of the Associated Press dismiss Trump’s timeline as “impossible” given the complicated nature of U.S. congressional workings. Senator Collins agreed, saying “I don’t see any possibility of our being able to come up with a comprehensive reform bill that would replace Obamacare by the end of this month. I just don’t see that as being feasible.”

The Affordable Care Act, which is often cited as a key accomplishment of the Obama administration, has had a mixed reputation, and many conservatives believe a market-based health care system would be more flexible and efficient and less costly, and many believe that the Affordable Care Act only passed because of Obama’s later discredited pledge that no one who liked their current health plan would have to switch. Matt O’Brien of The Washington Post claims a large tax cut that would result for the wealthiest 1% of citizens if Obamacare funds were not converted to other purposes, estimated at about $32,820 annually per person by the Tax Policy Center, is also a significant motive.

Republican Senators set a date of January 27 to repeal Obamacare, according to NBC News. House Majority Leader Kevin McCarthy of California says legislation repealing Obamacare and replacing it could ready by late February. According to Democratic Senator Bernie Sanders, as many as 30 million people could lose their health insurance if the ACA is repealed.

Edmund White on writing, incest, life and Larry Kramer


Thursday, November 8, 2007

What you are about to read is an American life as lived by renowned author Edmund White. His life has been a crossroads, the fulcrum of high-brow Classicism and low-brow Brett Easton Ellisism. It is not for the faint. He has been the toast of the literary elite in New York, London and Paris, befriending artistic luminaries such as Salman Rushdie and Sir Ian McKellen while writing about a family where he was jealous his sister was having sex with his father as he fought off his mother’s amorous pursuit.

The fact is, Edmund White exists. His life exists. To the casual reader, they may find it disquieting that someone like his father existed in 1950’s America and that White’s work is the progeny of his intimate effort to understand his own experience.

Wikinews reporter David Shankbone understood that an interview with Edmund White, who is professor of creative writing at Princeton University, who wrote the seminal biography of Jean Genet, and who no longer can keep track of how many sex partners he has encountered, meant nothing would be off limits. Nothing was. Late in the interview they were joined by his partner Michael Caroll, who discussed White’s enduring feud with influential writer and activist Larry Kramer.

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Jenuesse Global with its trend is expected to do 700 million dollars in sales in 2015. These numbers were speculated based upon facts of growth trends the company has already experienced. These numbers however due to the official launch of the US, Canadian and Latin American markets are now expected to surpass the billion dollar mark during the 2015.Wendy Lewis and Randy Ray have exceptional experience at running large direct sales companies, having developed and administered the back offices, compensation plans, shipping and customer service systems for several companies. Randy has a background in the computer industry and designed, sold and installed over $300 Million worth of computer hardware and software to organizations like NASA.

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Bush attempts to reassure Americans in radio address


Saturday, October 11, 2008

George W. Bush, the President of the United States, has attempted to reassure Americans on the economy in his weekly radio address.

“Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear,” he said, introducing the address. “Many Americans have serious concerns about their economic well-being.”

Bush then pointed out the action that the government is taking. “Here are the problems we face and the steps we are taking: First, key markets are not functioning because there is a lack of liquidity. So the Federal Reserve has injected hundreds of billions of dollars into the system. The Fed has joined with central banks around the world to coordinate a cut in interest rates — a step that should help free up credit. The Fed has also announced a new program to provide support for a vital tool that many American businesses use to finance their day-to-day operations — the commercial paper market, which is freezing up. As this program kicks in over the next week or so, it will help revive a key source of short-term financing for businesses and financial institutions.”

“Second, some Americans are concerned about whether their money is safe,” continued the president. “So the Federal Deposit Insurance Corporation and the National Credit Union Administration have significantly expanded the amount of money insured in savings accounts and checking accounts and certificates of deposit. That means that if you have up to $250,000 in one of these insured accounts, every penny of that money is safe. The Treasury Department has also acted to restore confidence in a key element of America’s financial system by offering government insurance for money market mutual funds.”

Bush then said that there was an issue with fraud in the economy. He stated that, to address this issue, “the Securities and Exchange Commission is launching rigorous enforcement actions to detect fraud and manipulation in the market.”

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The Dow Jones Industrial Average yesterday fell to its lowest level in five years at 8,579.19, falling 679 points in one day. This, at 7.3%, is the eleventh largest percentage fall in the history of the index. The growth then continued, with the index being up over 150 points on the start of the day at one point.

The index, did however, recover, and as of 19:30 UTC was up 17.68 points, or 0.21%, pushing the index up to almost 8600.

12:00, 11 October, 2008 (UTC)
  • DJIA
  • 8.451,19 128,00 1,49%
  • Nasdaq
  • 1.649,51 4,39 0.27%
  • S&P 500
  • 899,22 10,70 1,18%
  • S&P TSX
  • 9.065,16 535,02 5.57%
  • IPC
  • 19.905,30 404,93 1,99%
  • Merval
  • 1.215,990 71.340 5,54%
  • Bovespa
  • 35.609,54 1,479.75 3,99%
  • FTSE 100
  • 3.932,06 381,74 8,85%
  • DAX
  • 4.544,31 342,69 7,01%
  • CAC 40
  • 3.176,49 266,21 7,73%
  • SMI
  • 5.347,22 451,62 7,79%
  • AEX
  • 258,05 23,92 8,48%
  • BEL20
  • 2.123,44 117,44 5,24%
  • MIBTel
  • 15.438,00 1,081,00 6,54%
  • IBEX 35
  • 8.997,70 905,20 9,14%
  • All Ordinaries
  • 3.939,50 351,80 8,20%
  • Nikkei
  • 8.276,43 881,06 9,62%
  • Hang Seng
  • 14.796,90 1,146,37 7,19%
  • SSE Composite
  • 2.000,57 74,01 3,57%