Saturday, February 14, 2009

Investigators in Ireland have found wiring problems in several Virgin Atlantic Airbus A340s as part of their investigation into a fire on board one such aircraft that was forced to divert to Shannon Airport.

The Virgin jet was headed from London Heathrow Airport to Chicago with 143 passengers and thirteen crew on January 11 this year. A small fire was noticed in a waste bin storage area in the first class section’s bar unit.

A damaged wiring loom could be seen sticking out of a hole in the compartments floor, and there was visible electrical arcing in the area. An attempt was made to control the situation by switching off electrical circuits, but both the fire and the arcing continued unchecked.

The aircraft’s captain declared an emergency and diverted to Shannon, which the airliner reached thirty minutes later. During that time, the crew used five 1kg fire extinguishers upon the fire, but each time the arcing continued and after about five minutes the fire reignited. Witnesses described the fire as consisting of “licks of flame”.

After performing a safe emergency landing the airport’s Aircraft Rescue and Firefighting department tackled the fire with a 5kg extinguisher but met with similar results. After consulting with the crew the jet’s power was completely shut down, after which the fire was finally put out. Virgin initially claimed the fire had never occurred.

Investigators with Ireland’s Air Accident Investigation Unit (AAIU) inspected the loom and found it to be “completely severed” and exhibiting “strong evidence of burning/arcing” according to a preliminary report released on Friday. The loom was identified as providing power and dimming circuits for mood lighting in the bar.

The AAIU says that it seems the loom had contacted the metal waste bin in the compartment above. There should have been rails to hold up the bin and a protective metal cover, but “no evidence” of these was found and the report notes that “Initial inspection indicated the possibility that they were never fitted.”

The bar unit is a modification exclusive to Virgin. The AAIU ordered all 36 of the airline’s A340s worldwide inspected, with both France and the United Kingdom assisting with this. The UK has identified four other aircraft with faulty wiring, it has now been revealed. Virgin says that “A few minor issues were found and were immediately rectified,” and adds that “The installation of the bar was carried out in accordance with all relevant regulations. Virgin Atlantic continues to assist the AAIU in their investigation and looks forward to the full report with interest.”

The AAIU says that “significant other issues are being examined by the investigation” in addition to the wiring defects. “These include the difficulties faced by the crew in isolating the damaged circuits, the emergency checklist, the design of the modification and the standards relating to such modifications,” said the report.

Virgin’s Boeing 747-400 fleet also has a similar bar installed on it, but there was not considered to be a risk to the aircraft’s wiring on that model. The fire involved a bar added three years ago, with the aircraft manufactured in 1998.

Retrieved from “https://en.wikinews.org/w/index.php?title=Virgin_Atlantic_jet_fire_investigation_finds_faulty_wiring_in_A340_fleet&oldid=4577504”
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According to a recent market study published by Transparency Market Research (TMR), provides its users with the essential information regarding complementary or alternative medicine (CAM) practices and its market. The users can make use of this information to strengthen their own position in the market.

One of the major reasons for the growth of the global alternative healthcare providers market is the growing number of patients that are looking towards it for better medical solutions. Patients looking for natural and gentler methods of healing are slowly moving towards the global alternative healthcare providers market.

According to a statement released by the EUROCAM, there are over 140,000 doctors that are trained in CAM or specific CAM modalities. These numbers are supported by the growing number of patients that are interested in alternative medicine. Responding to this rising interest in CAM, the World Health Assembly – the top-tier decision making body of the WHO – has suggested its member states to integrate CAM into their national and regional healthcare systems.

Get Free Sample:

The global alternative healthcare providers market can be categorized on the basis of intervention therapy and type. Of these, major intervention types include energy therapies, physical manipulation, biologically based therapies, mind-body interventions, and alternative medical systems.

The types of practices available in the global alternative healthcare providers market include yoga, Ayurveda, homeopathy, naturopathy, acupuncture, and acupressure, along with others. It is through these types of medical care that CAM practitioners can provide a cure to patients without the need for constant supervision.

North America holds the largest share in the global alternative healthcare providers market from a geographical standpoint. North America is followed by Europe in terms of market size. Both regions are showing a high level of acceptance towards CAM practices. Other factors promoting the growth of the global alternative healthcare providers market include the rising prevalence of chronic diseases and the rising number of individuals with a high disposable income.

The global alternative healthcare providers market’s future, however, is expected to be guided by Asia Pacific, which is showing a rapid rate of growth. This high growth rate is attributed to a rapid rate of increase in industrial and healthcare infrastructure along with the growth of the medical tourism industry.

The key players involved in the global alternative healthcare providers market are SBL Homeopathy Medicines, Medisynth Ch. Pvt. Ltd., Hamdard Laboratories, Dabur Limited, Baidyanath Herbal,and Allen Labratories Ltd.

Browse FullGlobal Alternative Healthcare Providers Market Report @

Posted in Salt Therapy Solutions

Thursday, November 16, 2006

Her Majesty Queen Elizabeth II of the United Kingdom and the Duke of Edinburgh are set to visit the United States in May 2007 to celebrate the 400th anniversary of the Jamestown Settlement.

This will be Her Majesty’s fourth State Visit to the United States.

Her Majesty and the Duke of Edinburgh welcomed President and Mrs. Bush on a State Visit to the United Kingdom at Buckingham Palace in November 2003 – during that visit, Her Majesty paid tribute to the ‘special relationship’ between the United Kingdom and the United States.

A statement released by the White House read:

“Laura and I welcome Her Majesty Queen Elizabeth II and His Royal Highness, Prince Philip, The Duke of Edinburgh, for a State Visit in May 2007 to celebrate the 400th Anniversary of the Jamestown Settlement.

“The United States and the United Kingdom enjoy an extraordinary friendship that is sustained by deep historical and cultural ties and a commitment to defend freedom around the world. We look forward to Her Majesty’s State Visit as an occasion to celebrate these enduring bonds.”

The Queen herself mentioned the upcoming visit in this week’s Speech from the Throne during the British State Opening of Parliament.

“The Duke of Edinburgh and I look forward to our State Visit to the United States of America in May 2007 to celebrate the 400th anniversary of the Jamestown Settlement.”

Virginia officials coordinating the ongoing Jamestown commemoration have scheduled an America’s Anniversary Weekend event on and near Jamestown May 11, 12, and 13.

Jamestown, the first British settlement of North America, was established in the name of His Majesty, King James I of England.

Retrieved from “https://en.wikinews.org/w/index.php?title=Queen_Elizabeth_II_to_visit_the_United_States&oldid=567088”
Posted in Uncategorized

Wednesday, January 27, 2016

On Sunday, Manchester United announced the loan of their Spanish goalkeeper Víctor Valdés to Belgian club Standard Liège for the rest of the season.

Last year, Valdés signed an 18-month contract with the English club, but the three-time UEFA Champions League winner was given very little opportunity at Old Trafford. He made only two appearances for The Reds last season, after David de Gea was injured. Relations between Manchester United manager Louis van Gaal and Valdés were not good. Van Gaal did not pick him for the pre-season tour to the United States, saying Valdés was unwilling to play a game with the under-21 team.

This season, Valdés was not allowed in the locker room, and van Gaal prevented him from training with the main squad and the under-21 team. The official team photograph omitted him.

Valdés was a member of Spain’s squad for the World Cup in 2010 and for Euro 2012, collecting a winner’s medal both times. Per Manchester United’s statement, “Manchester United and Standard Liege have reached agreement for the temporary transfer of goalkeeper Victor Valdes, effective until the end of the current season. The deal is subject to formalities being completed.”

On Instagram, he posted a photo that read “Thank you all for your support during these months of hard work for me, i will never forget! See you soon!”

Retrieved from “https://en.wikinews.org/w/index.php?title=Víctor_Valdés_to_play_in_Belgian_Pro_League;_Manchester_United_loans_Valdés_to_Standard_Liège_till_season_end&oldid=4548151”
Posted in Uncategorized

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_Joe_Schriner,_Independent_U.S._presidential_candidate&oldid=4497624”
Posted in Uncategorized

How to Plan for your Retirement?

by

SJ Chartered Accountant

How to Plan for your Retirement?

The decisions you make when planning your retirement can greatly affect your quality of life throughout your retirement and the financial resources you can make available to your heirs.

Hence, it s very important to consider the proper planning of your retirement, available options of pre investing the existing savings and the time frame to decide when and how much you would be able to use it when required.

Saving for your retirement

Start planning and saving for retirement at least 15 years before you plan to retire and consider topping up your RRSP and using the tax refund to pay down your mortgage. RRSP is one of the best available retirement savings vehicles. It allows you to set aside money and to defer the taxes you would otherwise pay on it. Try to contribute as much as possible, and do so early in the year so your contribution can earn tax-sheltered income for the entire year.

Getting ready to retire

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

As you are close to retirement, you should update your net worth statement to get a clear picture of your potential retirement income resource. Prepare detailed cash flow forecasts to project changes in your expenses and sources of income as you get older. Reconsider your investment strategy as you are near to retirement, watch out the unintended consequences of the sale of asset, and be sure to investigate the existing death benefit and the survivors benefits available on your death. When you are assessing the various options, always remember that the longer the potential payout period, the lower the pension payment . You can receive pension benefits under defined pension plans at the same time under the same or another plan.

Be aware of government assistance for retirees :

?Canada Pension plan/Quebec Pension plan benefits.

?Old age Security benefits and the OAS claw back: delay or defer income until 2011 where possible to minimize the OAS claw back.

?Cross boarder payments of CPP/QPP, OAS and U.S social security benefits.

Pension income credit: aim for least $2000 of pension income annually for both spouses

?Pension income splitting: file a joint election to split pension income with your spouse.

?Integrating government assistance with your pension benefits.

Maturing your RRSP

Use the easiest routes for getting your money out of an RRSP.

?Top up your RRSP before the end of the year in which you turn 71.

?Withdraw the funds and pay the tax

?Convert your RRSP to RRIF or annuity at the end of the year in which you turn 71.

?Contribute excess after-tax RRIF or annuity income to your TFSA.

Cross border retirement planning

You should consider the various tax implications of country before deciding upon the retirement. The other country should be a key factor in your decision about where to retire comparing the taxation of your investment and pension income in Canada. If you have lived and worked in both countries, you may have built up retirement assets on both sides of the border.

Shailendra Jain;SJ Chartered Accountant; Serving Mississauga, Toronto, Etobicoke for Tax, Accounting, Audit and Advisory. http://www.jainfinancial.cominfo@jainfinancial.comPh: 416-622-1221

Article Source:

ArticleRich.com

Posted in Real Estate

Friday, July 1, 2005

In the wake of a United States Supreme Court ruling in Kelo v. New London on eminent domain last week, a California man has proposed that Justice David Souter‘s New Hampshire home be seized by the state and a hotel be built on the site. Logan Darrow Clements faxed a letter to town officials in Weare, New Hampshire June 28, 2005 that justified the action as such:

“The justification for such an eminent domain action is that our hotel will better serve the public interest as it will bring in economic development and higher tax revenue to Weare.”

Justice Souter, who was in the majority ruling in the Kelo case, has lived at the farmhouse in Weare since he was 11 years old. Clements indicated that it was necessary to build on that location because “it is a unique site being the home of someone largely responsible for destroying property rights for all Americans.” The action has given rise to a great deal of support nationwide, as many are writing to the councilors of the small town of Weare to voice their approval for the proposal.

The proposal for the “Lost Liberty Hotel“, as it is to be called, features a number of components which seem to focus on the libertarian leanings of its designer. A dining room, called the “Just Desserts Cafe” and a museum based on the “loss of freedom in America” are two such components. Instead of a Bible provided by the Gideons (a standard item placed in most American hotel rooms), each guest will receive a free copy of Ayn Rand‘s novel Atlas Shrugged.

Retrieved from “https://en.wikinews.org/w/index.php?title=Man_calls_for_seizure_of_Justice_Souter_home,_under_eminent_domain_ruling&oldid=1874934”
Posted in Uncategorized

Tuesday, August 16, 2011

A new law which seeks to utilise reusable energy and minimise cost impact on consumers is under development in Japan. The new law, which would be effective from July 1 next year, would seek to reduce Japan’s dependency on nuclear power.

The new legislation would urge power utilities to cut costs by purchasing renewable energy from outside companies and private businesses. Japan’s decision has been referred to as opening the door on renewable energy, which currently only contributes to six percent of Japan’s energy sources.

Politicians have amended the bill, allowing the revised bill to pass through parliament later this month. Prime Minister Naoto Kan who is pushing for the bill to be passed in return for his resignation, has stated that the ‘feed-in-tariff on renewable energy will be set at a fixed price so that utilities are limited to purchasing electricity from renewable power generators. Kan hopes that this will encourage more business and private corporate partners to enter into the renewable energy market.

“As a medium-term revolutionary energy and environmental strategy, we have decided to start a thorough review of nuclear power policy and draw a roadmap for a reduction of the dependence on nuclear power” Mr Kan said.

Large companies are concerned about the new legislation as it will continue to affect profit margins which are low due to power shortages and high priced exports. The bill was changed to reduce the surcharge for large power companies after complaints from the Japanese steel industry. If the scheme is launched then consumers will face an increase on electricity bills as utilities can pass their costs onto end-users. Despite the governments promise to cap the surcharge for the next ten years, there is no reference to it in the revised bill.

Lawmakers hope that by adding a provision requiring utilities to streamline their operations, the impact on consumers will be minimized.

A third party group will be set up within the under the Agency for National Resources and Energy to ensure that the setting of fixed prices are fair and just.

Retrieved from “https://en.wikinews.org/w/index.php?title=Japan_to_use_renewable_energy&oldid=3977977”
Posted in Uncategorized

By James Leong

What are financial ratios and how can you use them to evaluate a company for your personal investment?

In this article, we will explore a few key ratios that can help you assess a company for investment potential.

So what are financial ratios?

Imagine going for a blood test as part of a medical examination. Your blood sample will be sent to a lab for analysis, and the results will be compiled into a medical report. The medical report would indicate a list of different numbers or ratios. For instance, if your total cholesterol to HDL (good cholesterol) ratio is less than 4.51, you are considered healthy.

Similarly, financial ratios are simply relationships between numbers.

Let’s explore a key ratio, ROE, for a start.

ROE

ROE is Return on Equity. It is the Net Income to Equity ratio. Equity is how much shareholders have invested in the company as share capital. It also includes the amount of profits that the company has made and not paid out as dividends. In other words, its retained earnings.

[youtube]http://www.youtube.com/watch?v=WIe0F-Sn0DI[/youtube]

Together, they represent the amount of shareholder funds that have been committed into funding the business.

Net income is how much profit the company has made, net of taxes.

If net income is $10 million, whereas equity is $100 million, then ROE will be 10%.

In other words, the company will take on average 10 years to recover its capital invested. If, on the other hand, ROE is 20%, it takes the company only 5 years to recover its capital invested.

Hence, you can see that ROE is a powerful concept in assessing company profitability.

Minimally, you would want to invest in a business that has atleast a double-digit ROE to make it worth your while.

Payout ratio

Recall earlier that retained earnings represent profits that the company has made and not paid out to shareholders as dividends. The payout ratio is computed as Dividend/Net income. So, if the company is paying out 70 cents for every dollar of profit it made, the payout ratio would be 70%.

Retention ratio

Conversely stated, the Retention Ratio is equal to 30%, which is simply one minus the payout ratio. This means that the company is retaining 30% of its profits as reinvestment into the business.

Expected growth rate

Now we are ready to put the ratios together to good use.

If a company’s ROE is 20%, and its retention ratio is 30%, at what rate is the company likely to grow its earnings?

The answer would be 6%, since 30% of what is retained will be growing at the rate of ROE of 20%.

You can determine if you are satisfied in investing in a company with such a growth rate.

Dividend yield

The company will declare a certain amount of dividends it will pay for every share that you own.

If you take this number and divide by the current share price, the result is the Dividend yield.

While the ROE measures how well management is deploying shareholder funds as a whole to earn a profit from a total company perspective, the Dividend yield allows you to make certain comparisons between investing in bonds, REITs (Real Estate Investment Trusts), money market funds or simply leaving it in fixed deposits.

High or low?

Should you select to invest in a company with a high or low dividend yield? As a guide, if you invest in a blue chip stock that pays you a dividend yield higher than the fixed deposit rate, you should be much better off. However, since fixed deposit rates are so low now, it is not hard to beat. The other benchmark would be to earn a yield higher than the government bond rate. The threshold should be higher, and you should expect to be compensated for taking a higher risk of holding to a stock as compared to a bond.

On the other hand, be careful if the dividend yield is too high. This could mean that the company is paying out too much dividend and not reinvesting in the business, which is not sustainable. The other possibility is that investors do not feel confident about the company and therefore only willing to pay much less for the stock, thereby driving down the share price.

About the Author:

James Leong

C. Foo, Chartered Accountant, is CEO of VisionsOne Consulting Pte Ltd. and Adjunct Associate Professor with National University of Singapore. His highly popular workshop, Finance for Non-finance Managers, coaches managers and executives on using financial numbers to drive their business better. James can be reached at jamesleong@visions1.com.sg.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=688934&ca=Finances

Posted in Real Estate

Saturday, June 4, 2005

On Friday, the U.S. military released the results of their investigation and confirmed that in 5 separate incidents, American guards at the Guantánamo Bay prison “mishandled” the Islamic holy book. However, they stress that guards were usually “respectful” of the Qur’an.

One incident involved splashing a Qur’an with urine by urinating near an air vent while others involved kicking, stepping on and writing in Qur’ans.

Brigadier-General Jay Hood, the commander of the jail, said that these incidents are the exception to the rule. In a statement issued late Friday, he said: “The inquiry … revealed a consistent, documented policy of respectful handling of the Qur’an dating back almost two-and-a-half years.”

Gen. Hood looked into the allegations, published and then retracted by Newsweek, that American personnel flushed a Qur’an down a toilet. He said that the inquiry did not find any evidence supporting this particular allegation. “The inquiry found no credible evidence that a member of the Joint Task Force at Guantanamo Bay ever flushed a Qur’an down a toilet. This matter is considered closed.”

The incidents reported are:

  • a guard kicking a prisoner’s Qur’an;
  • Qur’ans wetted by water balloons thrown by guards;
  • a “two-word obscenity” written, in English, inside the cover of a Qur’an. Military officials state that it is equally possible that a guard wrote this in the prisoner’s Qur’an or that the prisoner wrote this in his own Qur’an;
  • a guard who urinated too close to an air vent, spraying a Qur’an with urine;
  • an interrogator who stepped on a Qur’an during an interrogation.

The investigation also revealed 15 alleged cases of Qur’an mistreatment by detainees themselves. Detainees used Qur’ans as pillows, urinated on them, and, several times, tore pages out of copies of the books, according to the report. For example, the report states that a guard observed a “detainee place two Qur’ans in his toilet and state he no longer cared about the Qur’an or his religion,” on February 23, 2004. It is believed that such behavior is intended to cause disruption and problems for the guards.

Retrieved from “https://en.wikinews.org/w/index.php?title=U.S._military_confirms_Qur%27ans_were_kicked,_stepped_on_and_splashed_with_urine_at_Guantanamo&oldid=848936”
Posted in Uncategorized

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