Barack Obama presents rescue plan after GM declaration of bankruptcy
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Barack Obama presents rescue plan after GM declaration of bankruptcy

Monday, June 1, 2009

In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing company.

Describing the problem with the company as one that had been “decades in the making,” Obama explained the rationale behind his proposed reorganization plan for General Motors. He stated that his intent was not to “perpetuat[e] the bad business decisions of the past,” and that loaning General Motors money, when debt was its problem, would have been doing exactly that. His plan, he stated, was for the United States government, in conjunction with the governments of Canada and Ontario (which he thanked for their roles alongside the government of Germany which he thanked for its role in selling a corporate stake in GM Europe), to become shareholders in General Motors. The United States government would hold a 60% stake. The government will give GM a capital infusion of US$30 billion in addition to the funds it has already received.

Of the government ownership he stated that he refused “to let General Motors and Chrysler become wards of the state”, and described the bankruptcy of Chrysler, and the bankruptcy of General Motors that he envisioned as being “quick, surgical, bankruptcies”. He pointed to the bankruptcy of Chrysler as an example of what he envision for General Motors, but stated that General Motors was a “more complex company” than Chrysler.

Responding to challenges voiced by political opponents, before the speech, that the federal government would actively participate in the affairs of the restructured company, he stated that he had “no interest” in running GM, and that the federal government would “refrain from exercising its rights” as a corporate shareholder for the most part. In particular, he stated that the federal government would not exercise its rights as a shareholder to dictate “what new type of car to make.” He stated that he expected the restructured GM to make “high quality, safe, and fuel-efficient cars of tomorrow,” and several times described what he anticipated as “better” and “fuel-efficient” cars, after a streamlining of GM’s brands.

He said to the general public that “I will not pretend that the hard times are over.” He described the financial hardship that some — shareholders, communities based around GM plants, GM dealers, and others — would undergo as a “sacrifice for the next generation” on their parts, so that their children could live in “an America that still makes things,” concluding that one day the United States might return to a time when the maxim (a widely-repeated mis-quotation of what Charles Erwin Wilson once testified before the U.S. Senate when nominated for the position of Secretary of Defense) would once more be true that “what is good for General Motors is good for the United States of America.”

Barack Obama presents rescue plan after GM declaration of bankruptcy
">

Barack Obama presents rescue plan after GM declaration of bankruptcy

Monday, June 1, 2009

In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing company.

Describing the problem with the company as one that had been “decades in the making,” Obama explained the rationale behind his proposed reorganization plan for General Motors. He stated that his intent was not to “perpetuat[e] the bad business decisions of the past,” and that loaning General Motors money, when debt was its problem, would have been doing exactly that. His plan, he stated, was for the United States government, in conjunction with the governments of Canada and Ontario (which he thanked for their roles alongside the government of Germany which he thanked for its role in selling a corporate stake in GM Europe), to become shareholders in General Motors. The United States government would hold a 60% stake. The government will give GM a capital infusion of US$30 billion in addition to the funds it has already received.

Of the government ownership he stated that he refused “to let General Motors and Chrysler become wards of the state”, and described the bankruptcy of Chrysler, and the bankruptcy of General Motors that he envisioned as being “quick, surgical, bankruptcies”. He pointed to the bankruptcy of Chrysler as an example of what he envision for General Motors, but stated that General Motors was a “more complex company” than Chrysler.

Responding to challenges voiced by political opponents, before the speech, that the federal government would actively participate in the affairs of the restructured company, he stated that he had “no interest” in running GM, and that the federal government would “refrain from exercising its rights” as a corporate shareholder for the most part. In particular, he stated that the federal government would not exercise its rights as a shareholder to dictate “what new type of car to make.” He stated that he expected the restructured GM to make “high quality, safe, and fuel-efficient cars of tomorrow,” and several times described what he anticipated as “better” and “fuel-efficient” cars, after a streamlining of GM’s brands.

He said to the general public that “I will not pretend that the hard times are over.” He described the financial hardship that some — shareholders, communities based around GM plants, GM dealers, and others — would undergo as a “sacrifice for the next generation” on their parts, so that their children could live in “an America that still makes things,” concluding that one day the United States might return to a time when the maxim (a widely-repeated mis-quotation of what Charles Erwin Wilson once testified before the U.S. Senate when nominated for the position of Secretary of Defense) would once more be true that “what is good for General Motors is good for the United States of America.”

Benefits Of Using Oxo Biodegradable Plastic Bags

By Adriana Noton

Regular plastics will remain in the environment for up to 100 years, posing risks to water sources, soil, wildlife, and marine life. Because of the threats to our environment that includes deforestation and pollutants entering our water and soil, more products are being created to minimize the impact on the environment. Oxo-biodegradable technology is one ‘green’ technology that is helping to reduce the chemical impact on the environment. Oxo-biodegradable plastics are made from a by-product of oil refining which would normally be wasted. Oxo-biodegradable plastics will turn to biomass and small amounts of water and CO2 which reduces the use of landfill space. Organic waste in oxo-biodegradable bags is exposed to air helping anaerobic biodegradation. The result is the release of CO2 rather than harmful methane.

The chemical degradation process in Oxo-biodegradable plastic bags involves the reaction of large polymer molecules of plastics, which is comprised of only carbon and hydrogen, with oxygen in the air. The biodegradation rate from this reaction is greatly increased to a matter of weeks. Oxo-biodegradable plastic bags on the ground will quickly degrade because the degradation process is expedited by the sun’s UV rays. Oxo-biodegradation is basically the entire degradation process, from polymer to water, carbon dioxide, and biomass. Once an oxo-biodegradable polymer becomes biomass, it is consumed by plants and the carbon becomes fixed which prevent its release into the atmosphere.

There are many benefits to using oxo-biodegradable plastics bags. Oxo-biodegradable polymers can be recycled without negatively impacting the quality of the end-product. The recycling process actually deactivates the additive. The plastics contain an additive which causes the plastic to degrade under conditions of ultraviolet light and oxygen, degrading the chemical bond or in the chemical structure of a plastic Recycling plastics means energy consumption is greatly decreased as oxo-biodegradable polymers require less material and energy to produce and transport. In addition, only a 1/3rd of SO2 is produced, only a 1/2 of the nitrous oxide is generated. Oxo-biodegradable plastic bags are affordable, thin, lightweight, and resistant to moisture. In addition, oxo-biodegradable polymers do not contain genetically modified organisms (GMOs). Because no soybean or starch derived materials are used, oxo-biodegradable plastic bags do not use up with foodstuffs.

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Uses of oxo-biodegradable plastic bags includes: shopper-bags, kitchen waste bags, bread bags, dog feces bags, bags to line plant pots, bin liners, frozen food bags, plastic mulching turning to biomass, and much more. Using oxo-biodegradable bags in the agriculture industry means a reduction of pesticides and a reduction of waste. Compared to other biodegradable products, there are no odor smells after degradation. In addition, plastic bags are protected from degradation by antioxidants until they are ready to be used. Their storage life is extended when stored in a cool and dark place.

Today, we are becoming a more environmentally conscious society. New technologies are constantly emerging to help reduce our impact on the environment. Oxo-biodegradable plastic bags is one ‘green’ solution that is growing demand and will be an important part of the future of creating a cleaner and greener world.

About the Author: Whether you are looking for

displays

to show off your products or accessories such as

garment hangers

to make your customers’ experience better, WR Display and packaging is the place for you.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=926397&ca=Society

Sarkozy in UK to mark historic de Gaulle war broadcast
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Sarkozy in UK to mark historic de Gaulle war broadcast

Sunday, June 20, 2010

But has the last word been said? Must hope disappear? Is defeat final? No!Charles de Gaulle broadcast

Nicolas Sarkozy visited the UK today to celebrate the 70th anniversary since Charles de Gaulle made his war broadcast. The French president and the Prince of Wales laid wreaths at the statue of Charles de Gaulle in London.

Earlier, Mr Sarkozy and his wife Carla Bruni visited the BBC radio studio where the famous broadcast was made on BBC France. The broadcast at the time was said to have been listened to by a very small number of listeners. Carla Bruni and Nicolas Sarkozy unveiled a plaque and viewed a tapestry given to the BBC by France as a note of gratitude after World War II.

Nicolas Sarkozy and British PM David Cameron met with 200 veterans during a ceremony at the Royal Hospital Chelsea. Nicolas Sarkozy awarded the Légion d’honneur to six World War II veterans, three of whom were British.

In a short speech, Mr Cameron said the anniversary was a “reminder that Britain and France are not just neighbours in the geographical sense but also in the emotional sense.” Mr Cameron held an hour of talks with the French president at Downing Street primarily focusing on economics, Afghanistan, and other foreign policy matters. The visit is the first by a French president to mark Gen de Gaulle’s broadcast on June 18, 1940. In the stirring radio appeal, Gen de Gaulle declared himself leader of the “Free French”, spawning the French Resistance, which went on to play a crucial role in defeating the Germans.

Mr Sarkozy’s last official visit to the UK was in March 2008, when he was also accompanied by his wife.

Sarkozy in UK to mark historic de Gaulle war broadcast
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Sarkozy in UK to mark historic de Gaulle war broadcast

Sunday, June 20, 2010

But has the last word been said? Must hope disappear? Is defeat final? No!Charles de Gaulle broadcast

Nicolas Sarkozy visited the UK today to celebrate the 70th anniversary since Charles de Gaulle made his war broadcast. The French president and the Prince of Wales laid wreaths at the statue of Charles de Gaulle in London.

Earlier, Mr Sarkozy and his wife Carla Bruni visited the BBC radio studio where the famous broadcast was made on BBC France. The broadcast at the time was said to have been listened to by a very small number of listeners. Carla Bruni and Nicolas Sarkozy unveiled a plaque and viewed a tapestry given to the BBC by France as a note of gratitude after World War II.

Nicolas Sarkozy and British PM David Cameron met with 200 veterans during a ceremony at the Royal Hospital Chelsea. Nicolas Sarkozy awarded the Légion d’honneur to six World War II veterans, three of whom were British.

In a short speech, Mr Cameron said the anniversary was a “reminder that Britain and France are not just neighbours in the geographical sense but also in the emotional sense.” Mr Cameron held an hour of talks with the French president at Downing Street primarily focusing on economics, Afghanistan, and other foreign policy matters. The visit is the first by a French president to mark Gen de Gaulle’s broadcast on June 18, 1940. In the stirring radio appeal, Gen de Gaulle declared himself leader of the “Free French”, spawning the French Resistance, which went on to play a crucial role in defeating the Germans.

Mr Sarkozy’s last official visit to the UK was in March 2008, when he was also accompanied by his wife.

Tobacco manufacturers and retailers fined over UK price fixing
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Tobacco manufacturers and retailers fined over UK price fixing

Saturday, April 17, 2010

Several tobacco manufacturers and retailers in the United Kingdom have been fined a total of £225 million for price fixing. The fines were imposed by the Office of Fair Trading (OFT) following an investigation lasting seven years. It is the largest penalty ever issued by the OFT for breaches of the 1998 Competition Act, with the case involving two major tobacco makers and numerous British supermarkets.

Together the manufacturers involved, Imperial Tobacco (whose brands include Golden Virginia and Lambert & Butler) and Gallaher Group (who own Silk Cut and Benson & Hedges among others) make almost 90% of all cigarettes and roll-ups sold in the UK. They were fined £112 million and £50 million respectively.

The supermarkets facing the largest penalties were Asda and The Co-operative Group, at £14 million each. Other stores fined were First Quench, Morrisons, Safeway, Shell garages, Somerfield, T&S Stores (now One Stop) and TM Retail. Also taking part in the price fixing were Sainsbury’s, though they received immunity from being fined after alerting the OFT and co-operating with the investigation. Some of the other companies also earned reductions in their fines through co-operation with the OFT.

Similar allegations against Tesco were not pursued due to a lack of evidence.

Imperial Tobacco denied the charges, claiming in a statement that its dealings with the retailers were simply legitimate “promotional arrangements”. They have said they are considering an appeal against the decision.

In a press release the OFT said that the fines would send out a strong message. “Practices such as these, which restrict the ability of retailers to set their resale prices for competing brands independently, are unlawful.” said Simon Williams, OFT Senior Director of Goods. “They can lead to reduced competition and ultimately disadvantage consumers.”

“This enforcement action will send out a strong message that such practices, which could in principle be applied to the sale of many different products, can result in substantial penalties for those who engage in them.”

Company Fine Notes
Imperial Tobacco £112,332,495 Manufacturer
Gallaher Group £50,379,754 Manufacturer
The Co-operative Group £14,187,353
Asda £14,095,933
Safeway £10,909,366 Now part of Morrisons
Morrisons £8,624,201
Somerfield £3,987,950 Now part of The Co-operative group
Shell £3,354,615
TM Retail £2,668,991
First Quench £2,456,528 Now in administration
T&S Stores £1,314,095 Now One Stop, part of Tesco
Sainsbury’s £0 Granted immunity from fines
Total £224,311,281

How To Send Safety Recalls Exclusively To Selected Vehicle Owners Only?}

How to Send Safety Recalls Exclusively to Selected Vehicle Owners Only?

by

Rajesh

How to Send Safety Recalls Exclusively to Selected Vehicle Owners Only?

Just heard the news that a major car manufacturer has placed a recall notice to 175,000 cars in India to fix defective parts. The majority of the recalls are for brake pad issue, air bag functioning, car heating, etc., which may lead to vehicle damage or affect passenger safety.

Though automobile industry is one of the few industries that rely heavily on outsourced parts or vendors, excellence is always intrinsic while manufacturing a car. Even after doing multiple quality tests, the companies may encounter some issue while installing the materials received from vendors. Most of these issues will show up when the car is on the road. So the companies will realize the issue only when a customer visits the service centre with a problem. This is a major pain for auto industries as the car manufacturers incur a huge expense to rectify the mistakes.

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The biggest sufferers are the people who bought the car with defective parts. For many people buying a car is a much-awaited dream and spends many hours in doing personal research before freezing onto a particular car based on inputs from friends and experts too. But, when they heard about the recall in the newspaper, it can be a heartbreaking experience to deal with.

However, many times, all the new cars sold out may not have defect parts. Only particular models may have the issues. In that case, if a company give advertisement with the recall, people who bought a similar brand car may always worry about their car. Moreover, the recalls for a brand new model car may affect the company branding also.

Wouldn’t it be nice if there is a solution where only the affected car owners are notified?

Yes. It will be amiable if there is a system where only particular vehicle owners are recalled to service centres to fix the issue instead of giving notice in the newspaper.

So, here we have the best solution for you!

We have designed Autodealrz mobile application to address the pain areas of dealership and customer disconnect. The app enhances the relationship between you and your customer and helps you deal with the issues such as recall, service, etc. on a personal front. Autodealrz mobile app also assists dealership to connect with their customers for New / Used vehicles, Parts, Service & Social Media distribution, etc.

Stay connected with latest dealer information, key technical staff, service, parts, sales and much more

We provide the best mobile solutions to give your brand the cutting edge necessary to enhance your presence, while driving sales, service, retention and revenue through mobile practices.

Our mission is to increase loyalty and revenue with the use of mobile technology.

In short we have placed the dealer in the customers hands.

Very flexible and affordable packages specially designed to meet your requirements. No over head cost only a small monthly fee and we take care of all the hassles.

For More information please visit : http://www.autodealrz.com/

For More information please visit : http://www.autodealrz.com/

Article Source:

eArticlesOnline.com

}

Sex tour operator pleads guilty in Cleveland court
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Sex tour operator pleads guilty in Cleveland court

Sunday, March 11, 2007

With an affidavit filed by U.S. Special Agent Peter Decensi, Russell Herman, the operator of www.asianadventures4u.com changed his plea to guilty at the last moment. The charges against Herman were that he arranged and facilitated travel for the purpose of illicit sexual conduct.

Originally Herman’s website was investigated by Decensi for counterfeit goods labeled as “replica” merchandise, using such brand names as Rolex. Various guided tours of Thailand were also on offer at the website, either aimed at contacting the sources of counterfeit goods or “marriage agencies where you can marry a beautiful young Thai girl between 18- 24 years old regardless of your age.”

From June to late October of 2006, posing under the screen name of “david77” and claiming to be from Ohio, Special Agent Decensi exchanged emails with Herman who was on his seventh trip to Thailand. Herman assured that he knew all the “pick up” spots where young girls could be found. When Decensi inquired about girls aged 10-14 years he was cautioned by Herman that it was dangerous and illegal in Thailand, explaining that the punishment in Thailand would be severe. However, Herman went on to explain that he knew where to find what Decensi was looking for, and gave a cell phone number to call upon his arrival in Bangkok.

Instead of flying to Thailand, Agent Decensi passed the online persona of “david77” onto Assistant Attaché Gary Kiernan in Bangkok who phoned Herman. After declining an offer to go to Cambodia the two arranged to meet in Udon Thani. Offering to take Kiernan to brothels where girls of 15 were kept having been illegally brought into the country from Laos. On a tour of a number of brothels Assistant Attaché Kiernan saw girls with ages ranging from 12 to 17.

Telling Herman that he must fly back to the U.S., Kiernan avoids anything more than his tour of brothels. Assuring Herman he will return when an urgent job has been done he establishes that Herman will return to the U.S. on December 12.

Initially filed in Herman’s home town of Las Vegas the case was transferred to Cleveland where Herman was detained. At present he remains in custody pending sentencing. The charge, Facilitating Travel to Engage in Illicit Sexual Content carries a sentence of up to 30 years. According to the Bangkok Post he is likely to receive a sentence between four and five years.

Iranian news agency reports UFO has crashed in Kerman province
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Iranian news agency reports UFO has crashed in Kerman province

Wednesday, January 10, 2007

Eyewitnesses told the Fars News Agency (FNA) that a radiant UFO had crashed in the Barez Mounts of Kerman on Wednesday morning.

Abulghassem Nasrollahi, the Deputy General of the Kerman province in Iran told the news agency that all the aircraft in the area had been accounted for, but did not rule out the possibility that the object could be a meteor.

Another source also told the FNA that the object was on fire with thick smoke coming from it, and claimed that this implied the object was not a meteor. However, meteors appear as bright fireballs in the sky, as they are heated to high temperatures due largely to ram pressure as they fall at high speeds through the Earth’s atmosphere. Meteors often burn up completely before reaching the ground and some leave a smoke-like trail in their wake.

Abulghassem noted that a few days earlier, in Rafsanjan, a similar incident was reported by witnesses.

Romanian tourism to be rebranded
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Romanian tourism to be rebranded

Friday, May 6, 2005

Romania’s National Authority for Tourism (ANT) announced that they would promote tourism in Romania through a new branding strategy, in collaboration with the United States Agency for International Development. The director of ANT, Marius Critonescu, said that the branding exercise will be “a significant component of the Romania’s development as a new tourist destination of international level.” He also added that the development of an integrated brand for Romanian tourism will promote a more positive image for the country, thereby increasing the number of tourists and investors. In recent times, there has been quite a lot of investment in “national branding”, especially in the field of tourism, as most marketing experts believe that branding for a product or a country is theoretically the same thing, and that the same strategies and approach should be used for both.

Concerning the Romanian tourism rebranding, international tourism and marketing expert James MacGregor stated that, “We have to touch the hearts and souls of the contemporary tourists who no longer travel for a simple beach or ski track. They want to live a self-knowledge experience that is truly uplifting and will leave unforgettable memories. The brand must show them not what they will see or do as tourists but what they will feel when visiting Romania.”

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