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.”
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:
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.
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Source:
isnare.com
Permanent Link:
isnare.com/?aid=607608&ca=Wellness%2C+Fitness+and+Diet
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.