June

29

Iceland and United Kingdom in diplomatic dispute over financial crisis

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Iceland and United Kingdom in diplomatic dispute over financial crisis
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Saturday, October 11, 2008

Relations between Iceland and the United Kingdom are deteriorating after the two nations fell out over the current financial crisis. When Iceland nationalised first Landsbanki and then Kaupthing Bank the Financial Services Authority only took on domestic assets, leaving British customers with subsidiary banks out of pocket. While Britain feels Iceland should also pay out to their citizens, Iceland blame the UK for triggering the crisis by using the Anti-terrorism, Crime and Security Act 2001 to freeze the UK assets of Icelandic banks.

UK Prime Minister Gordon Brown says Iceland should pay out up to €20,887 (£16,448) of UK investors’ money in the banks, particularly Icesave, an online company owned by Landsbanki which had around 300,000 accounts owned by UK customers. It will cost an estimated 2.4 billion pounds to compensate them, and it looks likely the UK will foot that bill.

Alistair Darling, the U.K. Chancellor of the Exchequer, has said that individuals with accounts will see their money again but other accounts are not guaranteed – leaving governmental, corporate and charitable deposits at risk of being lost. UK local authorities could lose £799 million.

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“The prime minister made clear the behavior of the Icelandic authorities had been unacceptable, and we had found it very difficult to get information from them,” said Michael Ellam, a spokesperson for Brown. A delegation has been sent to Reykjavik from the UK to try and solve the dispute amicably.

However, fears that the crisis may escalate have led to the pound becoming heavily devalued. The pound hit its lowest level for five years versus the US dollar after Brown threatened to freeze the assets of all Icelandic companies in the UK, which employ around 100,000 people.

The last time the two nations had a dispute, dubbed the Cod Wars, was in the 1970s. Iceland declared an exclusive fishing zone and began to cut the nets of British trawlers entering the area. That dispute came to a head in 1976 when a UK naval vessel with nuclear arms rammed an Icelandic ship that had been cutting nets. After this a compromise was reached to allow a limited number of British ships in the area.

Retrieved from “https://en.wikinews.org/w/index.php?title=Iceland_and_United_Kingdom_in_diplomatic_dispute_over_financial_crisis&oldid=3090155”
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June

28

Maria Contreras-Sweet Group buys The Weinstein Company assets, saves it from bankruptcy

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Maria Contreras-Sweet Group buys The Weinstein Company assets, saves it from bankruptcy
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Sunday, March 4, 2018

On Thursday in a meeting at New York Attorney General Eric Schneiderman’s office, Maria Contreras-Sweet Group, billionaire Ron Burkle, and a number of other investors acquired assets of The Weinstein Company for reportedly about US$500 million. The Weinstein Company had financial difficulties and was nearly bankrupt after Harvey Weinstein was accused of sexual misconduct by dozens of women last year, which impacted the business budget.

At least two of The Weinstein Company board of directors — consisting of Tarak Ben Ammar, Lance Maerov and Bob Weinstein — participated in the meeting, according to The New York Times. Maria Contreras-Sweet Group was represented by Maria Contreras-Sweet and Ron Burkle. The New York Attorney General Eric T. Schneiderman was also in the meeting.

Maria Contreras-Sweet Group agreed to pay The Weinstein Company’s debt, sized at US$225 million, reports indicated. The acquisition would save around 150 jobs held at the Weinstein Company. Maria Contreras-Sweet Group announced the deal, also confirmed by The Weinstein Company. The deal was expected to take about 40 days to be completed.

The agreement required Maria Contreras-Sweet Group to protect the jobs of company employees, and establish a victim compensation fund which would compensate victims of Harvey Weinstein’s alleged sexual misconduct while not rewarding the “bad actors”, as Schneiderman put it — people who had contributed to the sexual misconduct. The victim compensation fund would allegedly be around US$90 million, according to reports.

New York Attorney General Eric Schneiderman filed a lawsuit against The Weinstein Company in early February of this year. He reportly indicated he might settle the lawsuit after the deal is finalized.

Maria Contreras-Sweet Group said they would use the assets in creating a new movie studio with a majority-female leadership.

The Weinstein Company said on Monday, three days before the deal announcement, it intended to file for bankruptcy as it could not find a buyer that would keep it afloat until the deal would be finalized.

The Weinstein Company was founded in 2005.

Retrieved from “https://en.wikinews.org/w/index.php?title=Maria_Contreras-Sweet_Group_buys_The_Weinstein_Company_assets,_saves_it_from_bankruptcy&oldid=4455648”
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June

28

CEO of GM outlines plan for “New GM” after auto company declared bankruptcy

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CEO of GM outlines plan for “New GM” after auto company declared bankruptcy
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Thursday, June 4, 2009

In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a plan for what he called a “New GM”.

Speaking to the press under safe harbor provisions of U.S. law, Henderson described the events of today as a “defining moment” in the history of General Motors. Speaking to the public he said that “The GM that let you down is history,” and described a “New GM” that he expected to result from the bankruptcy process.

Henderson stated that he envisioned the bankruptcy process would take between 60 and 90 days. He stressed several times his view that the process would be one that is executed quickly, saying that not just a sense of urgency but “pure unadulterated speed” was his expectation of the process. He emphasized that “GM remains open for business” during the bankruptcy period, continuing to sell and to support its products, and that day one motions had been filed in the bankruptcy court in order to allow this.

Regarding the bankruptcy process he said, “We will do it right. And we will do it once.”

He stated that the plan for General Motors had the support of the United Auto Workers union, the Canadian Auto Workers union, the GM VEBA, and a majority of the unsecured bondholders of GM. He also mentioned that GM had already received €1.5 million in bridge financing from the German government.

In response to questions about the possibility of the United States federal government, a majority shareholder in the restructured company, dictating future product development and strategy, such as the sale of more fuel-efficient and green vehicles; he first observed that the federal government had already stated to him that it had “no real interest in running our business” and that he expected that still to be his job. Of the specific hypothetical scenario where the management of GM wants to make one type of car, because it thinks that it is the right thing for the business, and the U.S. government wants to make another type of car, he stated that “I don’t think it’s going to happen.” Expanding on that point he stated that he expected the “New GM” to focus upon “highly fuel-efficient and green technology”, and that operating both in accordance with U.S. environmental laws and in response to customer demand would naturally result in the New GM producing the types of vehicles that the U.S. government would encourage.

The “New GM” he also expected to focus on “four core brands”, and will size its dealership to match that. He stated that GM would offer a “deferred termination” package to dealers, to allow them to cease dealing in GM vehicles in a managed and gradual way.

He stated that the bankruptcy filings did not cover General Motors’ businesses in Latin America, Europe and the Middle East, and Asia and the Pacific. Of GM’s profitable ventures in China, specifically, he stated that they were “a critical part of the New GM”. In response to questions of whether the New GM would import cars from China to the U.S., he stated the formative company’s core principle that “We build where we sell” applied in both directions, with GM building in China to sell in China and building in the U.S. to sell in the U.S., stating that this shortened supply chains.

He declined to predict when the New GM would return to profitability, stating that the goal was rather to lower the break-even EBIT point for the company. He also declined to speculate upon when the U.S. government would sell its stake in the company, saying that that was a question “better addressed to the U.S. Treasury”, and merely saying that he expected it to be “years, not months” when the U.S. Treasury felt it would give “the right return for taxpayers.”

Retrieved from “https://en.wikinews.org/w/index.php?title=CEO_of_GM_outlines_plan_for_%22New_GM%22_after_auto_company_declared_bankruptcy&oldid=4455649”
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June

28

Diabetic Diet Sample 5 Ways To Control Your Blood Sugar With Your Diet

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By Larry Donaldson

Diabetes is a serious disease that can be traced back to problems with the body’s ability to produce or use insulin properly. Specifically, people with Type 1 diabetes are not able to produce insulin, while people with Type 2 diabetes are unable to properly use their own insulin. If untreated, the disease results in the person having high blood sugar levels that are unhealthy.

In addition to controlling the disease through insulin injections (as needed), diabetics also need to strive to use their diet to maintain as near to normal blood sugar levels as possible. Other important factors for health in a diabetic are keeping blood pressure and cholesterol at healthy levels, as well.

If you are looking for a diabetic diet sample, here are 5 ways to control your blood sugar:

1. Go light on the alcohol:

Make sure to go very light in terms of your consumption of alcohol. The reason for this is that it is processed within the body in a way very similar to how fat is processed. It contains almost as many calories as does fat. Be sure to avoid drinking at times when your blood sugar level is normal.

2. Have a colorful plate:

[youtube]http://www.youtube.com/watch?v=8tXrNB6pyAw[/youtube]

Having a color plate, of course, refers to eating a wide variety of foods. This means fruits, vegetables, meats and other forms of protein such nuts, fish or fish oils, dairy products and whole grains.

3. Eat high-fiber foods:

Fiber is a strong ally of diabetics. Make sure that your daily diet includes high-fiber foods like whole grain breads, cereal, fruits, oats, barley, psyllium, and beans. You should aim for about 30 grams of fiber each day. Especially if you have Type 2 diabetes, a high-in-fiber diet can improve your blood sugar and your cholesterol levels.

4. Go light on the sugary foods:

Both sugar and its cousin, carbohydrates, in excess are not conducive to a smart diet when you have diabetes. And, if you do eat something sugary like a piece of cake, make sure that you then avoid (or substitute) eating something else from the carbohydrate category that would have eaten. In other words, sugars and carbohydrates should be substituted for each other when you are planning your daily diet, and both count toward your daily carbohydrate budget. Also, be sure to adjust your insulin dosage if you have eaten extra carbohydrates that day.

5. Try the TLC diet:

Diabetics who also have abnormally-high cholesterol levels should get to know the TLC diet. It was designed to reduce your consumption of nutrients that raise cholesterol levels. To follow this diet:

* maintain your fat consumption at 25-35% of your total daily calories

* eat few or no saturated fats

* polyunsaturated fats (such as liquid vegetable oils) should make up about 10% of your total daily calories consumed

* monounsaturated fats, such as those found in veggies like plant oils and nuts, should make up 20% of your total caloric intake

* carbohydrates should make up about 50% of your daily calories

* consume about 30 grams of fiber each day (see above)

* protein should make up about 15-20% of your total daily calories

* take in less than 200 milligrams of cholesterol each day

Consider this diabetic diet sample as 5 ways to control your blood sugar and remain healthy.

About the Author: Losing weight will also help you control your diabetes. Get access to an amazing fat-burning program that gets results:

The Diet Solution Program

.

Source:

isnare.com

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isnare.com/?aid=607608&ca=Wellness%2C+Fitness+and+Diet

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June

28

Rescue attempts continue for Tasmanian miners

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Rescue attempts continue for Tasmanian miners
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Thursday, May 4, 2006

Rescuers are continuing their efforts to reach the trapped miners in the Beaconsfield mine in northern Tasmania.

A five tonne borer drilling machine has been secured in place to drill a one metre hole through the remaining 12-16 metres of rock that fell into the main shaft.

Since drilling began at 7pm last night, the machine has made a 2 cm wide pilot hole half way to the miners.

The trapped miners have been given egg sandwiches and yogurt, and have received apple ipod MP3 players filled with the miners favourite songs to pass the time and drown out the sounds of the drilling.

Meanwhile on the surface, the ever-growing media frenzy in Beaconsfield has forced the mine operators to enforce bag checks of rescuers entering the mine to ensure that no recording devices are taken into the mine.

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June

28

Kent Hovind faces a 58-count federal indictment

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Kent Hovind faces a 58-count federal indictment
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Friday, July 21, 2006

Creationist Kent Hovind was arrested and plead not guilty in a Florida federal court to 58 charges of filing a frivolous lawsuits, false complaints, making threats against investigators and those cooperating with the investigation, and includes failing to pay $473,818 in employee-related taxes.

Last Thursday, U.S. Magistrate Judge Miles Davis heard the charges in which Kent Hovind professed not to understand why he is being prosecuted asserting “I still don’t understand what I’m being charged for and who is charging me.”

Legal and taxes issues are nothing new for Kent Hovind, who often calls himself “Dr. Dino.” He has been in legal trouble with the IRS for at least 17 years on his claims that he is employed by God, receives no income, has no expenses and owns no property.

Hovind’s attorney, Assistant Public Defender Kafahni Nkrumah, told U.S. Magistrate Judge Miles Davis that the Hovinds “did not want to enter a plea because he does not believe the United States, the Internal Revenue Service and the U.S. Attorney’s Office “have jurisdiction in this matter.”

When Davis said he would enter a plea for Hovind if he continued to refuse, Hovind said he was entering a not guilty plea “under duress.” In the exchange Davis asked Hovind “if he wrote and spoke English, this man who claims a doctorate said, ‘To some degree’.”

Jo Hovind, who is facing 44 charges stood with her husband’s hand on her shoulder and “reiterated the gist of his statements.”

U.S. District Judge Casey Rodgers will preside over the September 5th trial.

Davis made Hovind surrender his passport, guns, and will not allow him to leave the court’s juristition since they consider him a flight risk. On July 21, 2006 a missionary group in South Africa filed a petition to lift the travel restrictions. In part, Hovind claims the travel restrictions “violate the Religious Freedom Restoration Act.”

Hovind’s public defender Kafahni Nkrumah, states “Mr. Hovind contends that the conditions imposed upon him by Magistrate Davis impose a burden on the free exercise of defendant’s religion, in violation of the First Amendment of the U.S. Constitution.”

No date to hear the appeal against the travel restrictions is scheduled.

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June

28

Business Brief for December 16, 2005

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Business Brief for December 16, 2005
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Friday, December 16, 2005

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June

27

Online Workout Videos Are Better Compared To Gyms

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Submitted by: Eric Bernard

Abdominal exercises are useful for training abdominal muscles which are colloquially known as the abs. These exercises are useful for building the muscles in the abdomen and improving sports performance and physical weakness like back pain. Abdominal muscles can be worked out by following disciplines of general body strength and specific exercise routines to target rectus abdominis muscle, external and internal oblique s and the transverses abdominis. To achieve a perfect sculpted body, you need to follow the right exercising practices and use the right tools. Gyms may come as a first option, but have you considered the amount of time and money you will be required to invest? And if you are unable to make it to the gym, then your exercising routine will be hampered. The best solution is to seek online help. This will definitely save you all your time and money.

Daily exercising is very important both for a healthy heart and weight management. So anyone who wants to stay fit and healthy should adopt any form of home workouts exercises and do it daily to maintain better health. Daily indulging in any kind of rigorous activity which results in sweat secretion is also more than enough for any person who wants to stay in shape and maintain good health.

For those people who find going out and getting indulged in any exercise a very gruesome activity, we are giving below list of easy to do home workouts which can be easily done at any place:-

Importance of Ab Workout Videos:

Abdominal muscles need focused training and only a comprehensive training program will help you achieve desired results. Abs workout videos on the internet are focused to give you the right method of exercising your abdominal muscles. These videos are available round the clock and you can have access to them any time. This will help you model the workout exactly for maximum benefits. The ab workout videos give clear instructions in easy to understand language. All you need to do is just watch and do. Online abs workout videos offer more advantages compared to your local gym.

Advantages of Online Abs Workout Videos:

[youtube]http://www.youtube.com/watch?v=mF19fLcOlTg[/youtube]

They are accessible round the clock.

They are carried out by qualified fitness instructors.

They can be replayed as many times as you would like.

They can be downloaded on your computer for quick access.

They are simple and easy to do.

Ab workout videos are mobile gym that you can take even while you are travelling.

They are cheaper compared to gym fees.

Offers variety of exercises to break the monotony.

Offers helpful tips and information.

Keeps you updated with health and fitness programs.

Offer short but highly effective exercise regime.

Recommends right diets and expert advice.

Exercise is an important part of a healthy person s daily life and plays a vital role in combating diseases and preventing various health problems. It also helps strengthen muscles across the body and improve athletic skills. Most people choose to follow a workout regime to fight obesity, heart disease and type 2 diabetes. Exercise can be fun if you learn to enjoy it. Many people buy fancy equipments for home training or join a gym. However, both may not prove to be effective since they lack certain factors such as motivation, time, money and convenience. Workout videos online on the other hand are more effective since they are designed to cater specific exercising needs and have the ability to offer individual and specialized training regime.

About the Author: Eric Bernard is the marketing manager of

Sixpackfactory.com

who promotes its fitness videos throughout Globe. You can find Abs workout videos and Ab workout videos easier and faster at his website –>

sixpackfactory.com/

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June

26

Wikinews interviews 2020 Melbourne Lord Mayor Candidate Wayne Tseng

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Wikinews interviews 2020 Melbourne Lord Mayor Candidate Wayne Tseng
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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”
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June

25

Ukrainian manufacturer preparing to sell Adolf Hitler dolls

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Ukrainian manufacturer preparing to sell Adolf Hitler dolls
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Thursday, April 24, 2008

 Correction — May 3, 2008 This article has been retracted. This article has been deemed a hoax. Please see the follow up article, Hitler doll story found to be hoaxed, for more information. 

News reports are claiming that dolls depicting former Nazi leader Adolf Hitler will go on sale in Ukraine. These reports cite Ukraine’s Zerkalo Nedeli newspaper which reported that a toy manufacturer would release the line of Hitler dolls in the summer.

The 40cm doll will reportedly first be available in Kiev with a £100 (GBP) price tag and comes with a large range of accessories in a presentation box with the dates of Hitler’s birth and death.

Nazis images are illegal in Ukraine, with positive portrayal specifically banned. However, there are allegations that right-wing nationalist politics are gaining strength in the country and that xenophobia and racism are on the rise, including some said to be comparable to that present in Germany under Nazi rule. Fascism and propaganda are also banned.

When the former Soviet Union, including Ukraine, was invaded by Germany under Hitler’s rule 2–3 million Ukrainians were among the casualties, of which 1.5 million were Jews.

Adolf can be dressed in various guises, including “early days Adolf”, which consists of a brown shirt and jodhpurs, and “Wartime Adolf”, which features a grey tunic, black trousers and the Iron Cross medal. The doll also comes with boots and shoes, caps, gloves, full uniforms, cane and belt which can be placed on Hitler, whose arms move, allowing the doll to replicate the famed salute of its real life counterpart.

Kids can undress fuhrer, pin on medals and there’s a spare head in the kit to give him a kinder expression on his face

Also included is a model of Blondi, Hitler’s female German Shepherd, who was exceedingly loyal to Hitler. Hitler poisoned Blondi with cyanide in 1945 at the same time as taking his own life in his bunker at Berlin.

“It is like Barbie. Kids can undress fuhrer, pin on medals and there’s a spare head in the kit to give him a kinder expression on his face. He has glasses that are round, in the manner of pacifist John Lennon,” said one saleswoman. The company, which will release the dolls in Summer, says that if demand is high a range of toys themed on the Third Reich may be released, to include barracks, working models of crematoriums and gas chambers, concentration camps and interior models of the chancellery.

The doll is not set to be released until the summer, but BBC News Online has footage suggesting that some stores are selling the doll already.

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