US House of Representatives rejects bail out bill in vote

Monday, September 29, 2008

The US House of Representatives rejected a bill on the USD 700 billion bail out of US banks. The voting on the bill has completed.

If passed, the bailout plan would have allowed for the United States government to purchase devalued mortgage backed securities, resulting from the subprime mortgage crisis from troubled financial institutions. The US Treasury Secretary Henry Paulson has said that the plan could cost up to $700 billion.

There has been considerable debate over several parts of the plan, which failed with 228 votes opposing, 205 supporting, and 1 not voting. The bill had much more support by the Democratic Party (with 60% of Democrats voting “aye”) than the Republican Party (of which only 33% voted for the bill).

George W. Bush described the bill before the vote was made. “This legislation deals with complex issues, and negotiators were asked to address them in a very short period of time. I appreciate the leadership of members on both sides of the aisle, who came together when our nation was counting on them. Negotiations are sometimes difficult, but their hard work and cooperation paid off,” he said, in a speech in which Bush begged politicians to support the bill.

HAVE YOUR SAY
Question One: Should the bill have passed?Question Two: Why didn’t the bill pass?
Add or view comments

Bush continued describing the bill. “The bipartisan economic rescue plan addresses the root cause of the financial crisis — the assets related to home mortgages that have lost value during the housing decline. Under the Emergency Economic Stabilization Act, the federal government will be authorized to purchase these assets from banks and other financial institutions, which will help free them to resume lending to businesses and consumers.”

According to BBC News, congressmen opposed the bill after receiving 50 times as many letters against the bill as for the bill. George Bush attempted to respond to the criticisms of the bill by US citizens. “I know many Americans are worried about the cost of the bill, and I understand their concern. This bill commits up to 700 billion taxpayer dollars, because a large amount of money is necessary to have an impact on our financial system. However, both the non-partisan Congressional Budget Office and the Office of Management and Budget expect that the ultimate cost to the taxpayer will be far less than that”.

Retrieved from “https://en.wikinews.org/w/index.php?title=US_House_of_Representatives_rejects_bail_out_bill_in_vote&oldid=1389300”

Why It Pays To Invest In Gold

By Bob Schwartz, California Gold Nugget Prospector

There is a giant vacuum scooping up most of your financial wealth and you dont even hear the noise. Quite simply, you are going broke. The US currency was designed to be, literally, as good as gold, from the very beginning. The Constitution states that our currency was meant to be only gold and silver to prevent exactly what is been happening to the US dollar right now.

When the gold standard was set in place the price of gold remained a constant $20.65 per ounce and fluctuated only one penny over the years 1833 to 1890. From the years 1891 to 1930 the price of gold was still pretty stable. The low was $20.58 and the high $21.32 per ounce. This means that for the period of 1833 through 1930, a total of 97 years, the price for 1 ounce of gold changed only 74 in US dollars. An interesting fact is that gold hit an all-time low $17.06 during the Depression year of 1931.

Many people believe that the 1931 goal was influenced by the newly formed Federal Reserve which kept the money supply very tight. Some believe that it was the Great Depression that created the Federal Reserve. Actually, the Federal Reserve was created in 1913, well before the Great Depression. Since the Fed’s creation, the US has been slowly going off the gold standard. On August 15, 1971, President Nixon announced that the United States would no longer redeem US currency for gold. This was actually the final step for the US abandoning the gold standard.

Since going off the gold standard the value of the US dollar has been steadily and continuously declining. While the actual price of gold remained fairly consistent, one has to look at the value of the dollar. Since going off the gold standard, the dollar has declined.

Recently the price of gold hit all time highs at over $1400 an ounce. Since then the rate has dropped below $1400 but the Federal Reserves latest scheme to buy 600 trillion of the Treasury’s debt, it seems certain that gold is about to reach a new high once again.

[youtube]http://www.youtube.com/watch?v=Vb7YiyeKpXU[/youtube]

Now here’s an interesting fact: In 1964, a quarter would buy you a gallon of gas. Quarters made in 1964 and earlier were roughly 90% silver and 10% copper. Today, with gas going for about three dollars a gallon, the silver in that pre-1964 quarter would buy over a gallon and a half worth of gas. So you can see, it’s not that the price of silver has gone up so much. It’s the fact that the dollar has been tumbling that makes this possible.

There are many out there that are saying this is a gold and silver bubble and it’s about to bust.

The uncontrolled spending here in California by the state government, as well as the Federal government, indicates the dollar value will continually erode, at least in the foreseeable future.

It takes about 5 1/2 pre-1964 quarters to make up 1 ounce of silver. In my example above you can see that the price of gold and silver actually remains quite constant, while the paper currencies that are not tried to gold and silver have actually declined. One can look to the European countries to see the crisis that’s happening with the Euro and individual currencies.

Today the current country in economic distress is Ireland, a few weeks ago it was Greece, and people believe Spain is in the same boat.

This overspending and debt creation has been driving the purchasing power of the dollar down. This is exactly what the founders of the Constitution warned us about and foresaw to prevent by putting us on a gold standard to back our currency. The current $600 trillion Treasury note debt purchase by the Federal Reserve, is just a tax on all US citizens. The government is taking money from each and every citizen by pushing down the value of the dollar. The vast majority of citizens don’t realize this is a tax; in reality that’s exactly what it is.

If you listen to the government, you’ll hear there is no inflation. Go to the grocery store and look at prices for basic staples (milk, fresh vegetables, cheese); they’ve all gone way up. Even though ones salary has been pretty consistent, youre able to purchase much less and have much less disposable income. The concern is not the fact that these commodities are going up; it is that the dollar value is going down.

Investor portfolios should include gold investment in order to offset the decline in the dollars purchasing power.

The majority of the worlds gold mining results in fine gold dust and natural gold nuggets are rare. Everyone should have some investments in gold.

My personal passion is weekend gold nugget hunting. The adventure of finding my own nuggets is a joy. Meeting many other prospectors has been educational and fun.

About the Author: The latest gold info: FREE – Subscribe to Bob’s

Gold Nugget Prospecting

blog: View

Gold Nuggets for sale

: Get info on

Gold detectors

Source:

isnare.com

Permanent Link:

isnare.com/?aid=678740&ca=Finances

New Zealand Reserve Bank phone hacker not convicted

Thursday, September 28, 2006

Gerasimos Macridis, 39-years-old, left the court room discharged without conviction after hacking into the New Zealand Reserve Bank’s phone system and then asking for money for his services after pointing out these security flaws to both the Reserve Bank and Telecom New Zealand in May, 2006, and offering to fix them. He had identified himself as a security consultant.

The New Zealand Police then raided his home and took his computer on 21 September. Macridis told police that he did not think it was illegal, but knew he was not authorised to access the phone systems. Telecom then took him to court.

Colin McGilicray, police prosecutor, said: “Macridis has a significant number of previous fraud convictions and it appeared he was trying to obtain money through virtue of his technical knowledge.”

Macridis, who represented himself, told the court that for 11-years he had worked as a casual security consultant and he had worked for Telecom, police and Department of Internal Affairs.

Macridis thought himself as an honest, law abiding citizen as his 1994 conviction had ‘turned his life around’.

Judge Ian Mill said this case was very unusual and also noted that Macridis ended his offending over 10-years ago.

Mill said: “Macridis used his talents to identify security risks and he had identified a grave risk to the Reserve Bank and its customers. Macridis provided a report of his findings, requested payment albeit without a contract and for his troubles was prosecuted. He did not pass the information on to others and did not use it for personal gain.”

“In my view his intentions were honourable,” Mill added.

Mill discharged him without conviction on the basis that a conviction would be out of proportion with his actions.

Retrieved from “https://en.wikinews.org/w/index.php?title=New_Zealand_Reserve_Bank_phone_hacker_not_convicted&oldid=438654”

Safety And Security Drones Industry Market Research

Market Drivers

Developing utilization of robots in military applications is required to drive development of the worldwide wellbeing and security drones market during the estimate time frame

Robots a plenty of utilizations in military area where human intercession is preposterous or significant. These applications incorporate insight, observation, and surveillance (ISR), fight harm the board, and battle activities. . It is now clear that aerial surveillance is a critical component when considering the need for providing safety and security drones market to groups of people and sensitive locations.

Numerous nations over the globe, both created and arising economies, are consolidating innovative security drones, to upgrade reconnaissance activities and improve battle activity abilities. For example, in December 2019, Turkey consolidated another military furnished robot ‘Songar’ by Asisguard, which is outfitted with a gun. These robots will be utilized to do reconnaissance and assaults on more critical targets, for example, vehicles and framework

Individual Use of Drones

The utilization of robots or automated airborne vehicles can be isolated into two classes: individual and business. Individual use implies you need to fly such a machine for no particular reason and don’t have any aim of selling the substance you gather when you fly your robot to a great extent. Business use implies utilizing the information to bring in cash or offering it to an outsider for benefit. In the United States, business utilization of robots requires unique leeway from the FAA. Nonetheless, individual use is permitted in specific situations thinking about that the client follows some very much characterized rules.

You simply need to recollect that individual utilization of robots isn’t joined by numerous exacting guidelines and guidelines. You can fly a robot for happiness and even take photographs and record recordings for individual use. Nonetheless, there are a couple of security rules that must be continued to guarantee a safe and absolutely agreeable experience. Also, you should know that there are some no-fly zones wherever on the planet and you should no matter what stay away from those regions when flying robots.

Migrant workers in Dominos Pizza ‘slavery’

Friday, August 10, 2007

Eight Hungarian migrant workers sacked from a Domino’s Pizza franchise in Derby, England are said to have taken home virtually no pay for months because of illegal deductions.

The claim is refuted by the company who said in a statement “We have begun a thorough investigation during which we have scrutinised the franchisee’s employment practices. This took place with his full co-operation. The franchisee concerned is confident that he possesses the evidence required to refute these allegations. To the extent that we have been informed of all allegations and have reviewed all available evidence, we also believe this to be the case.”

The sacked workers are being supported in their claim by the workers union Unite. The union say the “there appeared to be a deliberate strategy of keeping the workers in debt to the company through a series of crippling deductions. The deductions included payments to cover the contract purchase of a car from their employer, insurance for the vehicle provided through their employer, and exorbitant rent for substandard accommodation, again provided through their employer. In addition, some workers had to pay fees of up to £180 for an “introduction” to the company. One worker earned just £5 in four months because of the constant and hefty deductions out of his wage packet. When the workers protested they were sacked.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Migrant_workers_in_Dominos_Pizza_%27slavery%27&oldid=1369111”

Wikinews interviews Democratic candidate for the Texas 6th congressional district special election Daryl Eddings, Sr’s campaign manager

Tuesday, April 20, 2021

Wikinews extended invitations by e-mail on March 23 to multiple candidates running in the Texas’ 6th congressional district special election of May 1 to fill a vacancy left upon the death of Republican congressman Ron Wright. Of them, the office of Democrat Daryl Eddings, Sr. agreed to answer some questions by phone March 30 about their campaigns and policies. The following is the interview with Ms Chatham on behalf of Mr Eddings, Sr.

Eddings is a federal law enforcement officer and senior non-commissioned officer in the US military. His experience as operations officer of an aviation unit in the California National Guard includes working in Los Angeles to control riots sparked by the O. J. Simpson murder case and the police handling of Rodney King, working with drug interdiction teams in Panama and Central America and fighting in the Middle East. He is the founder of Operation Battle Buddy, which has under his leadership kept in touch with over 20 thousand veterans and their families. He was born in California, but moved to Midlothian, Texas. He endeavours to bring “good government, not no government”. Campaign manager Faith Chatham spoke to Wikinews on matters ranging from healthcare to housing.

An Inside Elections poll published on March 18 shows Republican candidate Susan Wright, the widow of Ron Wright, is ahead by 21% followed by Democrat Jana Sanchez with 17% and Republican Jake Ellzey with 8% with a 4.6% margin of error among 450 likely voters. The district is considered “lean Republican” by Inside Elections and voted 51% in favour of Donald Trump in last year’s US presidential election. This is down from 54% for Trump in 2016’s presidential election, the same poll stated.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_Democratic_candidate_for_the_Texas_6th_congressional_district_special_election_Daryl_Eddings,_Sr%27s_campaign_manager&oldid=4684113”

Advance In Prostate Surgery Will Benefit 1 In 3 Men Over The Age Of 50

By Samson Liu

As they reach their fifties and beyond, one in three men will develop a condition known as Benign Prostatic Hyperplasia, or an enlarged prostate.

This very common condition can have a terrible impact on quality of life. Men experience difficulties passing urine, often having to get up several times a night. More rarely if left untreated, the condition can cause damage to kidneys.

A normal prostate is approximately the size of a walnut. But the prostate is the only organ in the body which continues to grow throughout the lifespan and excess tissue will cause problems by blocking the normal flow of urine.

Like other medical conditions, many men put up with the symptoms for months and even years. They are often embarrassed about the problem and reluctant to seek help. In fact its quite often that the wives or partners push them forward to seek medical advice.

Some have fears about the dreaded the prostate operation which their father or older friends may have had, resulting in several days in hospital, considerable discomfort and surgical side effects which require a long period of convalescence.

Known as TURP (Transurethral Resection of the Prostate), the traditional treatment for an enlarged prostate is an operation which involves cutting away the surplus prostate tissue using a telescope. Rarely, if the prostate is grossly enlarged, an open removal operation is performed via an abdominal incision. This will require even longer recovery time to get back to normal physical activity.

[youtube]http://www.youtube.com/watch?v=qz2fbF4KaVM[/youtube]

Now there is a superior treatment which has many benefits for patients.

Green Light Laser Treatment involves vaporising the surplus prostate tissue using a high powered laser.

The concentration of power from the laser is so powerful that it is rapidly absorbed into the prostate tissue. Blood vessels in the target area are also vaporised, so there is very little blood loss.

The laser is delivered through a thin fibre guided into the target area via a smaller and less traumatic telescope. It is a very safe, precise and non-invasive way of targeting surplus tissue.

The whole procedure usually takes just 60 to 90 minutes and patients normally return home within 24 hours.

We know the importance of this rapid recovery period. Many men with enlarged prostates have active and busy lives and do not want an operation which leaves them unable to resume normal activities for months.

Green Light Laser Therapy is now the treatment of choice for the enlarged prostate in America and rapidly replacing the conventional TURP operations.

The first Green Light Laser operation was performed in the UK in October 2002

And the procedure received approval from the National Institute for Health and Clinical Excellence (NICE) in 2005.

Yet it is currently only available in a relatively small number of hospitals across the UK.

Together with my colleagues, Consultant Urologists Christopher Luscombe and Anurag Golash, we have established The Prostate Laser Centre Staffordshire and Cheshire to offer this new procedure to patients.

Based at The Nuffield Hospital, North Staffordshire in Newcastle-under-Lyme, The Prostate Laser Centre provide rapid access to Green Light Laser treatment in a dedicated, specialist centre.

About the Author: Samson Liu is a Consultant Urological Surgeon for The Prostate Laser Centre in Shaffordshire.

Enlarged Prostate Specialists

and

Green Light Laser Treatment

and Therapy.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=202919&ca=Cancer+Survival

Clash of cultures: Somali and Latino workers at U.S. meat packing plants

Friday, October 17, 2008

Muslim Somali workers at a meat packing plant in Grand Island, Nebraska wanted to pray. Their colleagues from Latin America wanted to work. A dispute over the company’s break schedule led to formal discrimination claims, mass job walk-offs and public protests by both sides last month, and a reported 200 firings.

Tensions at the plant began after a Federal government raid in December 2006 removed 200 undocumented workers. An equal number of employees quit shortly afterward. Altogether, six government immigration raids at meat packing plants of Brazilian-owned JBS Swift & Co. had removed 1,200 employees from the company’s work force, which caused substantial production problems. Management at the Nebraska plant responded by hiring approximately 400 Somali immigrants who resided in the United States legally as political refugees. Stricter Federal enforcement of immigration laws has had a significant impact on the meat packing industry because few native-born Americans are willing to work in its low-wage factories. Employers advertise to immigrant communities and after the immigration crackdowns the company turned to the Somali community, which was unlikely to be targeted for deportation.

They shouldn’t be forced to choose between their job and their religion.

Many of the new Somali workers were observant Muslims who wanted to practice the traditional religious prayer schedule, and few spoke English. The existing union contract had been negotiated before Muslims became a significant part of the factory work force, when religious needs had not been an issue, and break times were assigned according to a rigid schedule to ensure continuous production and prevent workers from working too long without a break. The sharp knives the meat packers wield for their job pose a substantial risk of accidental injury.

At first the Somali workers prayed during scheduled breaks and visits to the rest room. A few Somalis were fired for “illegal breaks” they had spent praying. Rima Kapitan, a lawyer who represents the Muslim meat packers of Grand Island, told USA Today, “they shouldn’t be forced to choose between their job and their religion.” The Somalis offered to let their employer deduct pay for time at prayer, but supervisors considered it unworkable to lose the labor of hundreds of people simultaneously, even if the interruptions lasted less than five minutes.

HAVE YOUR SAY
Can production line businesses realistically accommodate a varying prayer schedule?
Add or view comments

Plant worker Fidencio Sandoval, a naturalized United States citizen who was born in Mexico, had polite reservations. “I kind of admire all the effort they make to follow that religion, but sometimes you have to adapt to the workplace.” An immigrant from El Salvador was less sympathetic. “They used to go to the bathroom,” said José Amaya, “but actually they’re praying and the rest of us have to do their work.” Raul A. García, a 73-year-old Mexican meat packer, told The New York Times, “The Latino is very humble, but they [the Somalis] are arrogant… They act like the United States owes them.”

Differences of opinion arose over whether the prayers, which are a religious obligation five times a day for practicing Muslims and vary in exact time according the position of the sun, constitute a reasonable accommodation or an undue burden upon non-Muslim coworkers. Abdifatah Warsame, a Somali meat packer, told The New York Times that “Latinos were sometimes saying, ‘Don’t pray, don’t pray’”.

I kind of admire all the effort they make to follow that religion, but sometimes you have to adapt to the workplace.

As the Muslim holy month of Ramadan approached during 2007 the Somalis requested time off for religious reasons. Observant Muslims fast throughout daylight hours during Ramadan. Management refused, believing it would affect the production line. Dozens of Somali workers quit their jobs temporarily in protest. Negotiations between the Somali workers and management broke down in October 2007. Some of the fired Somalis filed religious discrimination complaints with the U.S. Equal Employment Opportunity Commission.

Problems resurfaced after September 10, 2008 when Somali workers approached plant general manager Dennis Sydow with a request to start their dinner half an hour before the usual schedule in order to break their Ramadan fast closer to sundown. Sydow refused due to concern the request would slow production and burden non-Muslim workers. During the same month a Somali woman complained that a plant supervisor had kicked her while she was praying. The union investigated the charge and the supervisor responded that he had not seen her while she bent in prayer and had only kicked the cardboard that was underneath her.

Somali workers walked out on strike September 15 and protested at Grand Island City Hall, asking for prayer time. The following day the union brokered a compromise with plant management to move the dinner break by 15 minutes. Plant scheduling rules would have reduced the work day by 15 minutes with resulting loss in pay for the hourly workers.

A Somali worker, Abdalla Omar, told the press “We had complaints from the whites, Hispanics and [Christian] Sudanese“. False rumors spread about further cuts to the work day and preferential concessions to the Somalis. Over 1,000 non-Somalis staged a counterprotest on September 17. Union and management returned to the original dinner schedule. Substantial numbers of Somali workers left the plant afterward and either quit or were fired as a result. Sources differ as to the number of Somalis who still work at the plant: The New York Times reports union leadership as saying 300 remain, while Somali community leaders assert the number is closer to 100.

The EEOC has sent staff to determine whether treatment of Somali workers has been in compliance with the The Civil Rights Act of 1964. Under the law, employers must make reasonable accommodation for religious practices, but the law grants exceptions if religious practice places substantial hardship on an employer’s business.

Doug Schult, the JBS Swift manager in charge of labor relations, expressed frustration at the inability to resolve the problem, which had surfaced in a Colorado plant as well as the Nebraska plant. He told The Wall Street Journal that his office had spent months trying to understand and comply with new EEOC guidelines in light of conflicting pressures. Local union chapter president Daniel O. Hoppes of United Food and Commercial Workers worries that similar problems could continue to arise at the plant. “Right now, this is a real kindling box”.

Retrieved from “https://en.wikinews.org/w/index.php?title=Clash_of_cultures:_Somali_and_Latino_workers_at_U.S._meat_packing_plants&oldid=3185114”

Aside from Semicon Taiwan 2007 – An attraction of “exiderdome” by Siemens

Friday, September 14, 2007

Semicon Taiwan goes to the final day on September 14, one of exhibitors Siemens AG imported containers named “exiderdome” to Taiwan and held an exhibition at A13 Parking Lot in Xinyi District, Taipei City for professionals from some industries such as automation, semiconductor, and electronics experiencing the advantages on automation solutions by Siemens.

For this special exhibition, Wikinews Reporter Brock interviewed Stephen Huang (International Account Manager of Automation and Drives Department, Siemens Limited) and Ken Cheng (Director of Automation and Drives Department, Siemens Limited) for information on this exhibition.

Retrieved from “https://en.wikinews.org/w/index.php?title=Aside_from_Semicon_Taiwan_2007_-_An_attraction_of_%22exiderdome%22_by_Siemens&oldid=783057”

Medical Career In Kyrgyzstan For Indian Students: Should You Believe Or Not?

Do you want to study MBBS from abroad? If yes, then Jagvimal is the best consultant which provides top medical colleges in Kazakhstan for Indian studentswho really want to make their medical career in abroad university.

Like China, US and UK, Kazakhstan also becomes a most wanted destination for medical education. From the past five years, we got the countless medical application form from the Indian students who really wish to get enrolled in Kazakhstan medical college. Every year, strength of Indian students in medical universities in Kazakhstan is amplified. Mostly aspirants go to Kazakh National Medical University, South Kazakh State Medical University, and Khoja Akhmet Yassawi International Kazakh – Turkish University. When I begin to find out the explanation why Indian students prefer the medical universities in Kazakhstan, I found some interesting facts like:-

Low Tuition Fee and Living Cost- If you evaluate medical studies in India is quite cost effective while you study MBBS in Kazakhstan. To continue medical education in India you have to pay Rs. 5 Lakhs to 8 Lakhs per year along with the important donation. This amount obviously is not affordable by every student. But if you pursue your medical education from Kazakhstan medical colleges then you need to pay 10 to 12 Lakh for your total education which means this amount is not only for one year. This amount is an overall fee of your medical education. In Kazakhstan medical course is 6 years course. You see the difference of amount in India or in Kazakhstan.

Besides this other facilities is also affordable in Kazakhstan, because Kazakhstan is not a rich country so that every Indian student or middle-class aspirants can also afford the living cost in Kazakhstan. Living cost is minimal so that Indian student can enjoy the elevated excellence standard of living in an affordable financial plan.

Direct Admission in MBBS: In Kazakhstan to get enrolled in medical colleges, students don’t need to appear in any entrance exams like in India. Which means MBBS admission in Kazakhstan is accepted directly. If students secure 50% marks in PCB in an intermediate class, they are accepted to do MBBS in Kazakhstan.

English Medium: For Indian students comfort medical education is also provided in English Medium that means an Indian student doesn’t need to learn the Russian language.

Friendly Environment for Indians: In Kazakhstan, students find a friendly environment, because Russia is one of the neighboring Associates of India. For that Russian people love to know about the Indian culture. Find this kind of environment student can easily settle in Kazakhstan.

Direct Flight Connectivity: Kazakhstan’s principal city Bishkek is directly connected by air to New Delhi. Students can easily reach Bishkek and catch the direct flight to New Delhi and reached New Delhi within 3 hours.

I think these facts are quite enough to attract any Indian students towards Kazakhstan medical universities. But everything is not fine in Kazakhstan. As I told you that Kazakhstan is not a rich country that means this country has developed the country. The capital city of Kazakhstan is developed. Bishkek is the awesome city, other than Bishkek city you found the rural area in Kazakhstan. If you ignore this fact about Kazakhstan then this country is a perfect option for the Medical Education.