sdzyisxy.com

Friday, June 1, 2007

In an unannounced vote yesterday, the Philadelphia City Council in the United States voted 16-1 to endorse the eviction of, and end their lease held in perpetuity with, the local council of the Boy Scouts in Philadelphia. The Scouts must pay market rent or leave the building. The Cradle of Liberty Council has more than 60,000 members in Philadelphia and Delaware and Montgomery Counties.

Friday, June 29, 2007

The European Union banned all of Indonesia’s air carriers yesterday, none of which presently operate services to Europe, as well as several from Russia, Ukraine and Angola. They are the latest additions to the already extensive List of air carriers banned in the EU. The ban is scheduled to come into effect on July 6. Just hours after the ban a Boeing 737 operated by one of the blacklisted airlines, TAAG Angola Airlines, crashed into a house during landing, causing at least six fatalities in Northern Angola.

Indonesia currently has 51 airlines, having grounded several and revoked the licences of others on June 25. The EU said that substandard maintenance and operation and a slow reaction by Indonesia to solve the problem were the main causes of the ban. EU holidaymakers who have booked flights with banned airlines via travel agents will be refunded for the services.

EU transport commissioner Jacques Barrot said of the ban “Once more, the EU blacklist will prove to be an essential tool not only to prevent unsafe airlines from flying to Europe and to inform passengers travelling worldwide, but also to make sure that airlines and civil aviation authorities take appropriate actions to improve safety.”

Operations and safety editor at Flight International David Learmount commented that Indonesia, whose airline industry was deregulated the early 1990s, is one of a handful of cases where deregulation has lowered safety standards instead of improving them, saying of the move by the EU “Standards in aviation safety have been going up dramatically on a worldwide basis, but there are still places where they are [of the standards of] the 70s and 80s. In Indonesia the safety watchdog was told earlier this year to pull its socks up, but the EU is clearly convinced that it has not done so.”

One unnamed EU official was reported by The Guardian to have described Indonesia’s civil aviation authority as “not very reliable”, referring to a lack of reaction to warnings of an imminent ban and requests that Indonesia reassured officials that the problem was being dealt with.

Indonesia has responded to the ban by saying that, according to information unseen by the EU, Indonesian safety standards are rising. Director-general of civil aviation at the Indonesian transport ministry Budhi Mulyawan Suyitno told Reuters new agency that, “Our data can show them that we have improved on every line. The US had already downgraded Indonesia’s safety rating earlier this year.

Also affected by the bans are Ukraine’s Volare Aviation, while Russia has imposed bans on four of its airlines after consulting the EU and restricted six others, Bulgaria has revoked the licences of six cargo airlines and Moldova has banned eight airlines.

Meanwhile, Pakistan International Airlines, subject of a controversial EU ban earlier this year, had restrictions on some of its aircraft lifted. The airline’s fleet of Boeing 777s and some of their Boeing 747s and Airbus 310s will now be allowed back into European airspace.

The announcements come after three accidents involving Indonesian airliners – the New Year’s Day crash of Adam Air Flight 574, which killed 102 people, the subsequent accident involving Adam Air Flight 172, which cracked in half on a hard landing but held together, preventing serious injury, and the March crash of state-run Garuda Indonesia Flight 200, which claimed 23 lives. All the accidents involved ageing Boeing 737 aircraft.

A compilation of brief news reports for Friday, May 15, 2009.

California governor Arnold Schwarzenegger proposed budget cuts and layoffs for California yesterday.

Californian education budgets would be cut by $3 billion USD for the next five years if California voters gave a yes votes to the budget-related measures for May 19’s special election.

Schwarzenegger is also ready to sell state properties including the San Quentin State Prison and the Los Angeles Coliseum to raise money for the state.

Sources

• Associated Press. “Schwarzenegger Proposes Layoffs, Deep Budget Cuts” — FOXNews.com, May 14, 2009
• Christie, Jim. “California governor sees $15.4 billion gap, urges deep cuts” — Reuters, May 14, 2009

Nintendo DS sales hit one million units last April. However, even with Nintendo’s moderate success with their DS gaming system, all video game sales have declined 17%.

GameSpot writer Tor Thorsen claims that Nintendo DSi, the current release of the Nintendo DS, is an acronym for “Dominating Sales in America.”

Sources

• Thorsen, Tor. “NPD: US April sales slide 17%, DS tops 1 million” — GameSpot, May 14, 2009
• “UPDATE 1-U.S. video game sales down 17 pct in April-NPD” — Reuters, May 14, 2009

Eight-time gold medalist Michael Phelps, in a recent conference Thursday, told reporters he will enter a swimming competition today.

This is Phelps’ first swim meet since he was photographed with a marijuana pipe in his mouth.

Phelps will swim the 200-meter freestyle and 100-meter butterfly races.

After the marijuana pipe photo was released, Phelps was unsure of whether he would swim again.

Sources

• Crouse, Karen. “Phelps Has Company on Comeback Trail in Charlotte” — The New York Times, May 14, 2009
• Newberry, Paul. “Phelps ready for 1st race since Beijing” — Associated Press, May 14, 2009

Saturday, April 1, 2006At least 57 people are now known to have died when a boat designed similar to a traditional dhow capsized one mile of the coast of Bahrain in the Persian Gulf. Seventeen were Indian and a further 13 of the dead are British; people of another six nationalities are also known to have died. The passengers were mostly foreigners from the Nass-Murray and Roberts construction company, and were enjoying an evening dinner cruise in celebration of their completion of part of the Bahrain World Trade Centre towers. Most who died were dining on the lower deck, and were trapped below.

Over 130 people were onboard the boat at the time, although some say the boat was only licensed to carry 120. Others say the limit was 150. Eyewitnesses say the boat was overloaded. The boat capsized in calm seas soon after it left, trapping many below. Helicopters from the US Navy searched for 13 missing persons until Friday morning, when the search was called off. The dhow had been modified to have an extra, higher deck making the vessel less stable. The exact cause is unknown – suggestions from eyewitnesses include the boat suddenly turning left, being hit by a wave, and many of the passengers moving to one side of the boat together. The Bahrain Interior Ministry is to investigate the accident and establish if the boat was seaworthy.

Thursday, June 9, 2005

Canada’s top court has struck down Quebec’s bans on private health care insurance, citing an increased risk to the life and health of Canadians. [1]

The Supreme Court of Canada ruling looked into a patient’s right to pay for faster service in a system that currently treats patients on the basis of equal access to medical care, regardless of income. [2]

Quebec patient George Zeliotis, a chemical salesman who waited in pain for more than a year in 1997 to have his hip replaced, said he should have had the right to pay for surgery.

Under public health care, it’s forbidden to pay for services covered under the system.

Despite free medical treatment, there are often long waiting lists for operations and services with current public health care.[3]

Together with physician, Dr. Jacques Chaoulli, Mr. Zeliotis launched a challenge to the Supreme Court of Canada, after losing their fight in Quebec’s lower courts, arguing that having to wait for surgery violates a patient’s constitutional right to life, liberty, and security of the person. [4]

Mr. Zeliotis and Dr. Chaoulli argued that being able to pay for private medical services wouldn’t be detrimental to the public health care system.

The Quebec Superior Court and the Quebec Court of Appeal had dismissed the case, ruling that the provincial law’s intent was not to discriminate among patients and to provide health care based on need rather than a patient’s ability to pay.

The Canadian Medical Association said the Superior Court of Canada ruling could “fundamentally change the health-care system in Canada as we now know it” but declined to comment any further until it had time to study the decision. [5]

Saturday, October 23, 2021

China property giant Evergrande Group wired USD83.5 million in interest owed in an offshore bond from September 23 on Thursday, temporarily averting default, according to a Reuters source and Chinese newspaper Securities Times.

The wire to a Citibank fiduciary account following a 30-day grace period came after assurances by various members of the Chinese government, Reuters reported. At a Beijing forum Wednesday, Chinese Vice Premier Liu He described the risks as controllable, and chairman of the China Securities Regulatory Commission Yi Huiman said that while authorities needed to curb excessive debt more broadly by “improv[ing] the effectiveness of the constraint mechanism on debt financing”, the matter would be dealt with properly.

Once China’s top real estate developer, Evergrande had accumulated approximately USD305 billion in liabilities, two per cent of the Chinese gross national product, after “dwindling resources” cut its value by 80%, according to Reuters. September data revealed Chinese home sales by value fell by nearly 17% year-on-year, according to The Guardian, and fears over its default led to a slowdown in China’s third quarter GDP growth to a year low of 4.9%. Two sale negotiations with rival developers Hopson Development and Yuexiu, valued at USD2.6 billion and USD1.7 billion, respectively, were suspended, reportedly due to a lack of consent by the government of Guangdong province currently overseeing Evergrande’s restructuring.

News of Evergrande’s remittance caused its shares to rise by as much as 7.8% this morning after a two-week pause in trading for the anticipated sale of 50.1% in Evergrande Property Services Group, and offering some reprieve for bondholders, according to Reuters. Portfolio manager at GaoTeng Global Asset Management James Wong, interviewed by The Guardian, called the news “a positive surprise”, adding “[i]f Evergrande pays this time, I don’t see why it won’t pay the next time.” Jun Rong Yeap for IG Asia pte., interviewed by Bloomberg, said the report “overturned” the narrative “that Evergrande will face difficulty in securing cash ahead”.

Further missed payments are due October 29 and November 11 after similar 30-day grace periods; including yesterday’s USD83.5 million, nearly USD280 million is owed to bondholders.

Stocks have been down for many major Chinese developers: Reuters Wednesday reported year-to-date stock prices fell 87.8% for Sinic Holdings, currently in Fitch Ratings’ ‘restricted default’ after failing to make an October 18 bond payment valued, according to The Guardian, at USD246 million; 80.2% for Evergrande itself; 78.3% for E-House, 58.5% for Fantasia Holdings and 54.6% for Kaisa Group, which defaulted in 2015 and had bonds reach record lows.

Estimates of the Chinese real estate market’s size range from 16 to 25% of the Chinese gross domestic product, according to The Guardian. Chinese President Xi Jinping’s aim to transform the country’s economy from one of debt-fuelled “inflated” growth to one of improved “quality and returns” included imposing regulations on developers that limited their capacity to borrow. A Guardian comment piece from economist George Magnus published on October 15 made reference to China’s “ghost cities” and “rampant credit creation” that has given rise to high vacancy rates and the “financialisaton of housing”.

Thursday, July 23, 2009

Sophie Lavers, a 24-year-old woman from Canberra, has been crowned Miss World Australia in Sydney. She defeated nineteen other finalists to take the prize and will represent Australia at the Miss World event in South Africa.

The entrants were judged based on several categories including best talent, healthy body image, sports and fitness and beauty with a purpose. An aspiring actress, she is completing an acting course and hopes to build a career in film and television. She is also a qualified fitness instructor and has worked as a Kings Cross waitress.

She has been described in the media as having an “amazing figure” and it has been rumoured that she has used this for modelling work. However, Lavers has said that her body has only been modelled for a good cause: “Some do think that, but I have only ever modelled for charity.”

She also doubts much will change for her, at least in the near future. “I’ll still get up and probably have peanut butter on toast for breakfast but after that I’m not sure what’s happening. I guess I won’t be going to work tomorrow.”

She explained that all the girls who entered were dedicated to making a difference. “I just think it’s like having little angels out there through the country helping in all different areas whether it’s with children, or blind people, or the homeless.” Lavers also complained that non-stop smiling for the event has left here mouth sore. “I’m not used to smiling for hours on end.”

Lavers is now set to head to Johannesburg for the December 12 global competition. “I’ve got to get a month of outfits ready and get a talent and another speech and everything. Oh goodness.”