Adam Air hits severe financial problems; may be shut down in three weeks

Filed under: Uncategorized — @ 1:15 am, July 18, 2018.

Monday, March 17, 2008

Indonesian budget airline Adam Air has been given a three-week ultimatum by the authorities to prove its economic stability or its license will be revoked, said Transportation Minister Jusman Djamal. This is because major financial difficulties have become apparent today, with two major shareholders pulling out of the company.

PT Global Transport Service (GTS) and Bright Star Perkasa, who between them own a 50% stake in the company, have decided to sell back all their shares to their original owners, who control the other 50%. These are the family of founder Adam Suherman and Sandra Ang.

The companies invested in the airline last year, when the company was struggling after the New Year’s Day disappearance of Adam Air Flight 574 with 102 on board. The Boeing 737 (B737) was ultimately determined to have crashed into the sea near Sulawesi, and all on board are presumed dead. Shortly afterwards, Adam Air Flight 172, another B737, snapped in half during a hard landing, but held together preventing fatalities. These were not the first serious accidents for the company, as in February 2006 Flight 782 became lost for several hours after navigation systems failed and the plane entered a radar blackspot, forcing a subsequent emergency landing many miles from the intended route. The given reasons for the withdrawal are a lack of improvement in safety and financial irregularities.

The company has now also defaulted on debt payments to aircraft lease firms, resulting in 12 of their 22 planes being seized, and has cut the number of routes served from 52 to 12. The remaining ten planes are also in default and at risk of seizure. Adam Air owes leasing companies US$14 million compared to free capital of $4.8 million of free capital. They have agreed to buy back shares gradually for $11 million (100 billion rupiah), $6 million less than the investment firms paid for them. The cost difference will be borne by Harry Tanoesoedibyo’s family, the founder of PT Bhakti Investama, of which GTS is a wholly owned subsidiary. The companies have also lost 157 billion rupiah worth of investment in the company since the April 2007 deal. 9,325 Rupiah are currently worth US$1.

GTS director Gustiono Kustianto said that “Since we joined, our priority has been safety” but that Adam Air’s management had been unresponsive to pressure from the new investors to improve its poor record. Last weeek another company B737 shot off the runway during landing, damaging the plane and injuring five.

Lawyer Marx Andryan of Hotman Paris Hutapea, representing the investment firms, said they have documents proving the company has not adequatly seen to pilot recruitment, maintenance and insurance.

Suherman said “We have defaulted and the investors have done nothing about it. We’ll continue to operate as long as we have planes,” adding that there are no current plans to declare bankruptcy.

“Out of 22 planes, now we only have 10 because 12 of them have been declared in default. The other 10 have been declared in default as well, but I’m still trying to work out a way to restructure the payments,” he told Reuters. He went on to say that a cash injection is required, and that “There is a possibility starting on March 21 Adam Air will temporarily cease operations until there is a decision from the shareholders regarding the insurance premium.”

Three children die in Edinburgh house fire

Filed under: Uncategorized — @ 1:14 am, .

Thursday, August 5, 2010

A criminal investigation has begun in Edinburgh after three children were killed in a fire at a three storey house just before 3pm yesterday.

Firefighters were called to the house on Slateford Road in Scotland’s capital city, for a reported gas explosion, and they put out a small fire in an upstairs room. However, there was no evidence of an explosion and none of the surrounding houses were damaged. Three young children, two boys and a girl, were found to have died at the scene. Police are treating the deaths as suspicious.

A woman, believed to be the children’s mother, was found injured on the ground in front of the house and there are reports that witnesses saw her jump from a third floor balcony. She was taken for treatment at the Edinburgh Royal Infirmary.

In a statement the Lothian and Borders Police said: “The investigation into the cause of this tragedy is in its early stages.” However, the police have also said that there was no fault with the gas supply.

Post-mortem examinations are due to be carried out on the children’s bodies. Police said no identities would be released until these were completed.

A police spokesperson said: “A criminal investigation is currently under way and nothing more can be said at this time into the circumstances which led to their deaths.”

The mother of the three children, now named as eight year olds Gianluca and Augustino and five year old Cecilia Riggi, is to be questioned by police after details emerged that suggest it is unlikely the children died in the fire.

Neighbours have reported that they heard screaming from inside the house and one source said that when they found the victims lying dead in the living room it was “a horrific scene.” However reports that the children died before the fire broke out have not been confirmed by official sources and only reports by neighbours and others at the scene have indicated this.

Police refused to confirm reports that the children had died before the fire broke out, and say that the results of the post-mortems would help them decide whether to launch a murder inquiry into the incident.

According to Detective Superintendent Allan Jones the mother, Theresa Riggi, and her three children had been living in Edinburgh for little over a month since they were reported missing from their home in Skene, Aberdeenshire last month. Mrs Riggi is currently in a stable condition in hospital and Det Supt Jones said they are hoping to speak to her on Thursday. He said: “She’s not in a position to speak to us at the moment.”

The children were reportedly at the centre of a custody battle between Mrs Riggi and the children’s father, Pasquale Riggi. He has been informed and is helping police to determine the last movements of the family. He is not a suspect in the investigation. Det Supt Jones reported: “He’s heartbroken but he’s very composed. He realizes he holds a lot of central information that we need. We’re conscious of the trauma he’s gone through.”

Theresa Riggi and her husband were going through divorce proceedings and she was due to appear at the Court of Session in Edinburgh on Tuesday. She apparently did not attend the hearing. At that time the judge was told that her whereabouts were once again unknown.

The Judge, Lady Clark, granted a search warrant for Mrs Riggi and said that social workers should supervise the children, applying for child protection orders if necessary, after Mr Riggi’s counsel asked for an order to safeguard the children’s interests.

The children were allegedly educated at home so the Social Work Department had had no contact with the family since they moved to Scotland from the US.

It is believed that Mrs Riggi may have turned on the gas, and that a neighbour smelled the fumes and called the emergency services, which may have led to the original report of a gas explosion.

Tributes of flowers have been left close to the scene with cards of sympathy and condolences.

Lothian and Borders Police have released a statement confirming that the post mortems of Gianluca, Augustino and Cecilia have been concluded. Following this statement a warrant was issued and Theresa Riggi was charged with murder.

A spokesman for Lothian and Borders Police said: “A 46-year-old woman has been arrested and charged with murder in connection with the petition warrant which was granted earlier today,”

“Due to the medical condition of the accused, it is not at this time known when she will appear in court.”

In an earlier statement Mr. Riggi released a statement saying: “Our family is struggling to come to terms with the immense and tragic loss of three beautiful children.

‘Thanks to all who have offered such great comfort and support.

‘We request that the media respect our privacy at this difficult time.”

Canada’s Don Valley West (Ward 25) city council candidates speak

Filed under: Uncategorized — @ 1:10 am, .

Friday, November 3, 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 Don Valley West (Ward 25). Three candidates responded to Wikinews’ requests for an interview. This ward’s candidates include John Blair, Robertson Boyle, Tony Dickins, Cliff Jenkins (incumbent), and Peter Kapsalis.

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

Police in Britain uncover suspected terrorist plot

Filed under: Uncategorized — @ 1:08 am, .

Friday, August 11, 2006

The Metropolitan Police’s anti-terrorist branch and security service in London have claimed that a terrorist plot to detonate bombs on nine planes travelling mid-air from the United Kingdom to the United States has been thwarted.

Contents

  • 1 Details of plot emerge
  • 2 Flights disrupted
  • 3 Security restrictions
  • 4 Bank accounts frozen
  • 5 Sources

Volcano eruption in Ecuador kills six and destroys several small villages

Filed under: Uncategorized — @ 1:01 am, .

Sunday, August 20, 2006

The eruption of volcano Tungurahua on August 16 destroyed several small villages in the Ecuadorian Andes. At least 6 people have been killed and about 4000 residents of the affected area have been evacuated.

The 5,023 m high volcano spat lava, stones and ash for several hours on Wednesday night. A 10km high ash cloud spread over an area of 740 by 180 km. Towns like Ambato or Riobamba, 30 km away from the volcano have been covered with up to 5cm of ash. Pyroclastic flows descending on the northwestern slopes of the volcano left a path of destruction behind.

At least seven small villages and hamlets have been completely destroyed. The ash and rocks blocked the Chambo and the Peula river and the road Ambato – Baños, one of the main connections between the Ecuadorian highlands and the Amazon region. The Institute for Geophysics has lost an important part of its equipment installed on the slopes of Tungurahua, limiting their capability to monitor the volcanic activity.

The Hydroelectric power plant Agoyan near Baños has been shut down since Wednesday night. On Thursday, air traffic in the whole country was limited due to ash layers on several airports. On Thursday the provinces of Chimborazo, Tungurahua, Cotopaxi and Bolivar have been declared a disaster area. Losses in agriculture due to the ash cover are estimated at $150 Million.

On Friday, volcanic activity decreased to a calm that remained into Saturday evening, but the Ecuadorian Institute for Geophysics warns that a further eruption may be imminent.

In 1999, after a long period of rest, the volcano started an eruptive process that continues to this day. After the first eruptions in October 1999 that produced a major ash out-fall and led to the temporary evacuation of more than 25,000 inhabitants of Baños and its surroundings, the activity continued on a medium level. In May 2006 it increased dramatically culminating in violent eruptions on July 14 and August 16.

Apply For A Business Credit Card

Filed under: Finance — @ 3:07 pm, July 17, 2018.

Submitted by: Mario Churchill

For as long as you can remember you ve wanted to start your own business, to be your own boss. The idea of creating something from scratch and watching it grow and thrive under your tutelage is enough to gives you chills. You ve spent years preparing for the day that you could call yourself a proprietor. You ve taken classes. You ve worked as employee at businesses similar to the one you dream of owning. You ve studied demographics. You ve applied for licenses and permits. You ve been advertising the grand opening for weeks. You ve hired a team of employees. You thought you were ready for anything, but now, as you stare at the monthly bank statement in your hand you realize that you over looked one small detail. You had no idea how much the chore of getting your business up and off the ground was going to cost.

Looking at the final number on the statement you realize that your dream business going to fail before you even open the doors for the grand opening.

You have a few options. You could beg your parents for a loan. Providing they have enough money it might be a good idea. Most parents are willing to help out and if you fall a little behind they aren t as likely to shoot you in the kneecaps.

You could apply for a bank loan. While this is a viable option odds are you already have at least one sizeable loan and have also tapped into several additional lines of credit. The other flaw with this plan is that most banks are wary of giving loans for new businesses. Who can blame them? The odds of a new business surviving the first five years are something like two out of five. Many of the owners of these failed businesses have sank most if not all of their personal money into the new business and are forced to declare bankruptcy when the business folds. These are high risk loans for banks.

[youtube]http://www.youtube.com/watch?v=Pn2Optkr95E[/youtube]

You could apply for a business credit card.

Why apply for a business credit card?

There are several reasons for a small business that is just getting of its feet to have a business credit card. There is a grace period. While the idea of the interest rate might make a small business owner hesitate, most business credit cards come with a zero percent interest rate for the first twelve months. Since it is nearly impossible to start a business without acquiring debt most business credit cards allow you to transfer a balance from other accounts for as low as five dollars. This is a great option to get out from under a loan that has a higher credit rate. Most credit cards offer free cards for employees to use, this frees the owner to send their employees out for small miscellaneous expenses, like office supplies and meeting with clients without having he hassle of an expense account. In many cases the customer rewards alone are a reason to acquire and use a credit card. Many business credit cards provide travel bonuses that the business can use to help off set some business expenses. Other cards provide a five percent cash back bonus on all purchases.

Run a simple Google search and you ll quickly be overwhelmed by the sheer number of credit cards that are available for businesses just like yours. It is tempting to apply for the first one that offers a big bonus and not read farther. Doing this would not be a good idea.

There are a few simple things to consider when you re choosing a business credit card.

The first step in finding the perfect card for your business is a card comparison. Find a website that offers to line all the major credit cards in a row and let you see all their bells and whistles in one place. This will save you the time and headache of approaching each company individually.

Check, double check, and triple check the interest rates. If you look hard enough it s possible to find a card with an interest rate as low as nine percent. On the other hand there are the ones that charge an interest rate of nineteen to twenty percent. The extra ten percent adds up fast, especially on high ticket items.

Read up on the annual fees. It is not uncommon for a company to charge as much as one hundred and fifty dollars each year simply for the privilege of using their card. Many companies waive this fee but only the first year.

A credit card can help a small business with the staggeringly high start up fees and in some cases are actually more financially rewarding then a bank loan.

About the Author: Michael Ziegler is a sales person and website owner. He manages a website, http://www.usa-credit-card-guide.com where you can find the best

credit card offer

for your needs and

apply for a credit cardSource: isnare.com

Permanent Link:

isnare.com/?aid=126879&ca=Finances

Billy West, voice of Ren and Stimpy, Futurama, on the rough start that shaped his life

Filed under: Uncategorized — @ 1:08 am, .
This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Wednesday, February 13, 2008

Ren and Stimpy. Bugs Bunny. Philip J. Fry and Professor Hubert Farnsworth on Futurama. Sparx. Bi-Polar Bear. Popeye the Sailor Man. Woody Woodpecker. You may not think you have ever heard Billy West, but chances are on a television program, a movie, a commercial, or as Howard Stern’s voice guru in the 1990’s, you have heard him. West’s talent for creating personalities by twisting his voice has made him one of a handful of voice actors—Hank Azaria and the late Mel Blanc come to mind—who have achieved celebrity for their talent. Indeed, West is one of the few voice actors who can impersonate Blanc in his prime, including characterizations of Bugs Bunny, Daffy Duck, Elmer Fudd and other characters from Warner Bros. cartoons.

What is the fulcrum in Mr. West’s life that led him to realize a talent to shape personalities with his voice, and how did the discovery of that gift shape him? Wikinews reporter David Shankbone found that like many great comedians, West faced more sour early in life than he did sweet. The sour came from a physically and emotionally abusive alcoholic father (“I could tell you the kind of night I was going to have from the sound of the key in the door or the way the car pulled up.”), to his own problems with drug and alcohol use (“There is a point that you can reach in your life where you don’t want to live, but you haven’t made the decision to die.”).

I’m telling you stuff that I never said to anybody…

If sin, suffering and redemption feel like the stages of an endless cycle of American existence, West’s own redemption from his brutalized childhood is what helped shape his gift. He performed little bits to cheer up his cowed mother, ravaged by the fact she could not stop her husband’s abuse of young West. “I was the whipping boy and she would just be reduced to tears a lot of times, and I would come in and say stuff, and I would put out little bits just to pull her out of it.”

But West has also enjoyed the sweet. His career blossomed as his talent for creating entire histories behind fictional characters and creatures simply by exploring nuance in his voice landed him at the top of his craft. You may never again be able to forget that behind the voice of your favorite character, there is often an extraordinary life.

Below is David Shankbone’s interview with renowned voice actor Billy West, who for the first time publicly talks about the horrors he faced in his childhood; his misguided search for answers in anger, drugs and alcohol; and the peace he has achieved as one of America’s most recognizable voice actors.

Contents

  • 1 The use of celebrities for voiceovers
  • 2 Iconic characters and choosing projects
  • 3 Discovering his talent
  • 4 “It was a horror chamber where I grew up”
  • 5 West moves to Boston after his parents divorce
  • 6 How West dealt with his father’s abuse
  • 7 Rehabilitation and sobriety
  • 8 Is West glad he experienced addiction?
  • 9 West on his career
  • 10 West on politics
  • 11 Billy West on modern American society
  • 12 Billy West on telling it like it is
  • 13 Source

IMF: World on brink of recession; prepares special loan program

Filed under: Uncategorized — @ 1:02 am, .

Thursday, October 9, 2008

The head of the International Monetary Fund (IMF) says the world is on the brink of a global recession but predicts the economy will begin to recover by late 2009.

Dominique Strauss-Kahn, Managing Director of the IMF, stressed nations must work together to avert a global recession and warns there is “no domestic solution” to the crisis. He also said this week’s coordinated interest rate cuts around the world are a good example of the international cooperation needed to restore faltering economies.

Furthermore, he announced the IMF has activated an emergency program Wednesday that allows the fund to provide loans more easily and quickly to emerging countries in economic trouble. This program was first used during the 1997 Asian crisis.

The program might be used in Iceland, which has seen major problems hitting the financial sector. Iceland has been forced to nationalize the three largest banks and, most recently, Kaupthing Bank.

The IMF chief made these remarks in Washington D.C. on Thursday, as top officials from IMF nations and the G-7 industrialized countries are gathering for meetings on economic issues. U.S. President George Bush is set to meet with G-7 finance ministers at the White House on Saturday.

Apple unveils iPhone 4, iOS 4 at Worldwide Developers Conference 2010

Filed under: Uncategorized — @ 1:31 am, July 16, 2018.

Tuesday, June 8, 2010

Yesterday, at this year’s Apple Worldwide Developers Conference (WWDC), company CEO Steve Jobs unveiled iPhone 4, along with the new iOS 4 operating system for Apple mobile devices.

The announcement was long-awaited but not a very big surprise. In April, the technology blog Gizmodo obtained a prototype of the new phone and published details of it online. While introducing iPhone 4, at the annual conference, Jobs started by hinting at the incident, saying, “Stop me if you’ve already seen this.”

The new iPhone was praised by Jobs as “the biggest leap we’ve taken since the original iPhone.” It is only 9.3 millimetres (0.37 inches) thick, making it “the thinnest smartphone on the planet”, a 24 percent reduction from Apple’s previous model, the iPhone 3GS. Structure-wise, iPhone 4 has a new stainless steel frame, which acts as an antenna, supposedly boosting its signal reception abilities and possibly reducing the amount of dropped calls. It also has a new screen, dubbed a “retina display,” which displays images at 326 pixels per inch. During the keynote, Jobs demoed the device’s new internal gyroscope as well. Even though it now uses Apple’s faster A4 processor (first used in its iPad tablet), iPhone 4 has a claimed seven hours of 3G talk time, up two hours from the 3GS.

In addition to its design features, Jobs showed off iPhone 4’s new video calling abilities. This feature is called FaceTime, and connects with other iPhone 4s via Wi-Fi. The phone has two cameras: one on the front for video chats, and one on the back for taking pictures and other videos. The rear camera has a resolution of five megapixels, is capable of recording high-definition video, and has an LED flash.

The iPhone 4 will use Apple’s latest mobile operating system, iOS 4. Formerly “iPhone OS,” iOS 4 was first introduced by Apple in April, and includes multitasking capabilities. Jobs called the new software “the most advanced mobile operating system in the world.” iOS will support Apple’s new mobile advertising service, iAd, which goes live on July 1.

iPhone 4 will be available on June 24 in the United States, United Kingdom, France, Germany, and Japan. It comes in two colors—black and white—and two storage capacities. The 16GB version is priced at US$199 and the 32GB version at US$299. The iPhone 3GS’s price will be reduced to US$99, and the iPhone 3G will be discontinued. iOS will be available as a free software update to users of compatible older Apple devices (including the 3GS) on June 21. In the U.S., iPhone 4 will only be available on AT&T’s cellular network, despite calls for Apple to let the iPhone be used on other carriers, such as Verizon.

Competition-wise, the BlackBerry mobile device is still the most popular smartphone right now. Apple is also facing some serious competition from web giant Google’s Android operating system, as well as Palm’s webOS. Earlier this year, Android phones managed to outsell iPhones. iPhone users, however, account for over half of those surfing the Internet on a mobile browser in the U.S. Jobs also noted that over five billion iOS applications, commonly called “apps,” have been purchased from Apple’s App Store. The App Store currently has around 225,000 different apps for sale.

Quad crash kills fourteen year-old in County Londonderry, Northern Ireland

Filed under: Uncategorized — @ 1:26 am, July 15, 2018.

Saturday, November 21, 2009

A 14-year-old boy has been killed in an accident involving a quad bike in County Londonderry, Northern Ireland. The boy has been identified as Paddy McErlean, who crashed near his house in the town of Maghera.

What is believed to have happened is that Paddy was travelling on an all-terrain vehicle with a 16-year-old boy along a rural road at around 2200 GMT on Thursday when the vehicle smashed into a post, the boys were then thrown from the road. The 16-year-old boy is critically injured and as of yet has not been identified.

Ann Scott, who is the head teacher in St. Patrick’s College, which is the high school that Paddy attended, said: “This tragic accident really has brought a profound sense of loss to the school. The loss of Paddy, who was only 14, has just shocked everybody at the college. He really contributed a lot to the school, he was full of life, he was such a lovely young lad, very popular with the staff and pupils and we will really miss him so terribly.”

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